Search found 146 matches

by zengolf2011
Sun Apr 19, 2020 3:50 pm
Forum: Personal Investments
Topic: I'm out [of the market]
Replies: 109
Views: 11843

Re: I'm out [of the market]

OP, thanks for sharing your thoughts and rationale. I've chosen a different course. But I agree with you, willthrill81 and others that there's still lots that could go wrong, with much potential long-term impact. Posts on our recent situation sometimes remind me of Sheepdog's heartfelt post started ...
by zengolf2011
Sun Apr 19, 2020 3:38 pm
Forum: Personal Investments
Topic: I'm out [of the market]
Replies: 109
Views: 11843

Re: I'm out [of the market]

striker79 wrote:
Sun Apr 19, 2020 2:19 pm
You guys are bailing even though you know the FED is ready for stimulus projects 2, 3, 4, 5....1000 or whatever it takes?
Guess I'm old fashioned in believing that printing of money without limit will not be without consequence.
by zengolf2011
Sun Apr 19, 2020 3:30 pm
Forum: Personal Investments
Topic: Who's Staying the Course?
Replies: 2
Views: 398

Re: Who's Staying the Course?

Sounds like prudent decisions. I wish you luck! Our country depends on hardworking, productive folks like you.
by zengolf2011
Sun Apr 19, 2020 3:07 pm
Forum: Personal Investments
Topic: Who's Staying the Course?
Replies: 2
Views: 398

Who's Staying the Course?

Are sticking with your plan entering this year, or adapting to the new situation? Though fearful, we're sticking with ours -- based not on optimism or confidence, but humility. We feel especially ill-equipped to make better decisions in the face of such uncertainty without precedent in our lifetimes...
by zengolf2011
Sat Mar 14, 2020 11:02 am
Forum: Personal Investments
Topic: Who is staying course and how are you dealing with net worth going down?
Replies: 359
Views: 25890

Re: Who is staying course and how are you dealing with net worth going down?

Been through this several times before. The main thing to remember is that the only two days that matter are the day you buy and the day you sell. Everything in between is merely noise. The way to financial freedom is to buy low and sell high; not the opposite. Great succinct reminder. Stock is a t...
by zengolf2011
Fri Mar 06, 2020 4:50 pm
Forum: Personal Investments
Topic: Parents retiring with $500k saved - Things look OK?
Replies: 83
Views: 9913

Re: Parents retiring with $500k saved - Things look OK?

Since mental competence is not an issue, all the decisions are theirs to make. If you believe this and express it to them, they may be more open to a POA, which is usually a good idea. Re. assets and financial planning, they should be OK at least for a few years. They may decide to downsize after se...
by zengolf2011
Fri Mar 06, 2020 4:13 pm
Forum: Personal Consumer Issues
Topic: Retirement in AZ-suggestions please
Replies: 104
Views: 7146

Re: Retirement in AZ-suggestions please

cookymonster gave you good advice. Highs in Scottsdale reach over 100 degrees. Flagstaff, Prescott, Chino Valley, Sedona, and Sierra Vista would all be possibilities.
by zengolf2011
Sat Jan 11, 2020 2:32 pm
Forum: Personal Finance (Not Investing)
Topic: [RMD shortfall - issue fixed]
Replies: 17
Views: 2411

Re: Vanguard another RMD snafu

Admittedly, my situation was different than yours. I made a mistake myself in withdrawing last year's RMDs (which, as mentioned previously, need not be characterized specifically at RMDs). Totally my fault -- I made a mistake by withdrawing more than intended, rather than the Vanguard-calculated RMD...
by zengolf2011
Fri Dec 27, 2019 12:27 pm
Forum: Personal Consumer Issues
Topic: Anti Virus?
Replies: 36
Views: 2125

Re: Anti Virus?

You might get more useful information from web sites that know something about computer security. Web sites like pcmag.com review this type of software annually. The product review website, thewirecutter.com, also has a pretty good review: https://thewirecutter.com/blog/best-antivirus/ & https://th...
by zengolf2011
Thu Dec 26, 2019 2:33 pm
Forum: Personal Consumer Issues
Topic: Anti Virus?
Replies: 36
Views: 2125

Re: Anti Virus?

I have used McAfee for both laptop and cell phone for years without problems. I have no idea whether it's better, worse, or the same as Microsoft Defender. Maybe I'm wasting money on it, but it's a lot cheaper than buying new devices. I would consider using only Defender if I had an authoritative an...
by zengolf2011
Sat Dec 21, 2019 12:39 pm
Forum: Investing - Theory, News & General
Topic: Tax Law Changes for 2020
Replies: 355
Views: 28021

Re: Tax Law Changes for 2020

Does anyone know yet if the RMD change only affects those turning 70-1/2 in 2020 and after? I apologize if this has been addressed already, but I didn't notice it. If someone turned 70-1/2 in 2019, can they skip their 2020 RMD and resume in 2021 (probably can guess the answer). Also, do the RMD with...
by zengolf2011
Sun Dec 01, 2019 9:24 am
Forum: Investing - Theory, News & General
Topic: How to define enough?
Replies: 73
Views: 10424

Re: How to define enough?

I'm surprised that here on the Bogleheads forum, no one has mentioned John Bogle's excellent book, Enough . It does not provide a magic formula. It does provide a frame of reference, a philosophy of life and values, which is the essential first step. I loved it, and loved Mr. Bogle more for writing ...
by zengolf2011
Fri Nov 15, 2019 8:15 pm
Forum: Investing - Theory, News & General
Topic: Preparing for a down market
Replies: 78
Views: 7095

Re: Preparing for a down market

Like livesoft, I keep a substantial allocation in bonds -- intermediate-term bonds for me. Like retired@50, I keep two years of expenses in cash equivalents. But I also keep three years of expenses in short-term bonds, as recommended by Jane Bryant Quinn. I'm in the decumulation phase, so sequence o...
by zengolf2011
Mon Nov 04, 2019 8:52 pm
Forum: Personal Consumer Issues
Topic: Wife's car hit in a parking lot - how to deal with various issues?
Replies: 67
Views: 6084

Re: Wife's car hit in a parking lot - how to deal with various issues?

This is an absolute no-brainer (now that I have done the no-brainer mistake). Our car was rear-ended while sitting at a red light. The guy who hit us (quite elderly, nice fellow) begged us not to report it to insurance, begged us to let him pay for it. Took it to a body shop and got a quote. He blan...
by zengolf2011
Tue Oct 15, 2019 9:44 am
Forum: Personal Consumer Issues
Topic: Invited to join HOA board. Pros/cons?
Replies: 58
Views: 5180

Re: Invited to join HOA board. Pros/cons?

My advice is to RUN, RUN, AS FAST AS YOU CAN. I'm afraid your advice is right on the mark. Your experiences mirror my two terms as board president. You will see humanity at its most tawdry, both in the behavior of your neighbors and fellow board members. That said, I don't share your dim view of co...
by zengolf2011
Fri Oct 11, 2019 1:32 pm
Forum: Personal Finance (Not Investing)
Topic: What’s the proper way to pay yourself in retirement?
Replies: 66
Views: 9070

Re: What’s the proper way to pay yourself in retirement?

This is an overview of methods documented by Bogleheads: https://www.bogleheads.org/wiki/Withdrawal_methods As you've noted, there is much more information and research on the accumulation of wealth than there is on the withdrawal phase. Book recommendations (these are just the ones I've read recen...
by zengolf2011
Mon Sep 09, 2019 5:44 pm
Forum: Investing - Theory, News & General
Topic: Wade Pfau: Does The 4% Rule Work In Today’s Markets?
Replies: 149
Views: 12645

Re: Wade Pfau: Does The 4% Rule Work In Today’s Markets?

Not sure I buy into "This time is different". I wonder how many experts would have predicted this years bond index would pass 8-9%? I use 4%as a guide and adjust as needed, as long as you are not super tight with 4% SWR most would be fine. I'm not ready to spend this year's to-date bond index retur...
by zengolf2011
Sat Sep 07, 2019 11:23 pm
Forum: Personal Investments
Topic: Trying to wrap my head around VPW
Replies: 29
Views: 3673

Re: Trying to wrap my head around VPW

Thanks, longinvest. Your explanation sure makes sense to me. I think I get the math, where varying percentage withdrawals will never deplete a portfolio, that this approach is different from Safe Withdrawal Rate methods, and that asset allocation and investment horizon are very important. I think su...
by zengolf2011
Sat Sep 07, 2019 6:57 pm
Forum: Personal Investments
Topic: Trying to wrap my head around VPW
Replies: 29
Views: 3673

Re: Trying to wrap my head around VPW

As I understand it, both the VPW and TRP simulations are based on history, I think that it's important not to confuse constant 4% inflation-adjusted withdrawals (SWR) which are based on historical simulations with variable percentage withdrawals (VPW) which are primarily based on mathematics. Thank...
by zengolf2011
Sat Sep 07, 2019 11:20 am
Forum: Personal Investments
Topic: Trying to wrap my head around VPW
Replies: 29
Views: 3673

Re: Trying to wrap my head around VPW

Barb, thanks for your great questions, and, longinvest, for all your excellent work with VPW. I base my retirement on the VPW worksheet, including providing for a surviving spouse, my main concern. Since I rely so heavily on VPW, I decided to seek additional validation. I like the T. Rowe Price Reti...
by zengolf2011
Thu Aug 01, 2019 11:24 am
Forum: Personal Consumer Issues
Topic: What is your hobby and how did it come to be your hobby?
Replies: 146
Views: 17264

Re: What is your hobby and how did it come to be your hobby?

I love learning, so reading is an obvious hobby. I've been pleasantly surprised at things I've learned from playing golf regularly -- staying in the moment, fully present, scientific v. artistic thinking, self-control, comradery. Played some as a kid, but took a 35-yr sabbatical during military stin...
by zengolf2011
Thu Jul 25, 2019 3:03 pm
Forum: Personal Consumer Issues
Topic: Accord approaching 100k miles, how to push it beyond
Replies: 45
Views: 5475

Re: Accord approaching 100k miles, how to push it beyond

My 2014 Honda Crosstour has 60,000 mi. It seems as good as the day I bought it. I do what the Honda dealer suggests, which is usually what the manual/maintenance minder call for. I did go through three Honda dealers for maintenance before landing with one I trust. My current dealer advises me what t...
by zengolf2011
Tue Jul 23, 2019 11:24 am
Forum: Investing - Theory, News & General
Topic: 60/40 VS 30/70 "Center Of Gravity"@@ Allocation for Retirees ??? Bernstein VS Ferri ?? -- What Would You Do?
Replies: 201
Views: 24736

Re: 60/40 VS 30/70 "Center Of Gravity"@@ Allocation for Retirees ??? Bernstein VS Ferri ?? -- What Would You Do?

Great thread -- thanks, all. If a retiree has had a reasonable savings rate for a reasonable amount of time before retirement, probably any stock allocation between 30% and 70% will do. I believe investor behavior will play a larger role than the actual allocation. The best allocation for me is the ...
by zengolf2011
Sat Jul 13, 2019 11:04 am
Forum: Investing - Theory, News & General
Topic: Five Nobel Laureates Recommend The Market Portfolio
Replies: 58
Views: 7435

Re: Five Nobel Laureates Recommend The Market Portfolio

Thanks for yet another helpful post, Taylor. The message of the authorities quoted seems pretty clear to me. For those seeking a deeper dive, there is the helpful link you provided (The Three-Fund (Market) Portfolio), or your recent book.
by zengolf2011
Sun Mar 10, 2019 11:37 am
Forum: US Chapters
Topic: Arizona Chapter
Replies: 121
Views: 22313

Re: Arizona Chapter

Thanks, Mark. I plan to attend.
by zengolf2011
Mon Jan 28, 2019 1:40 pm
Forum: Investing - Theory, News & General
Topic: BHers, what is your Roth IRA %?
Replies: 137
Views: 8863

Re: BHers, what is your Roth IRA %?

My Roth is 10%, but wish it were more. I made lots of financial mistakes, and this was one. My situation was complicated a bit by continuing earning some unplanned income after retirement (and starting SS). But I also failed to make Roth contributions before retirement, and started conversions too l...
by zengolf2011
Sat Jan 26, 2019 11:11 am
Forum: US Chapters
Topic: Happy Birthday Taylor! 96 years young!
Replies: 77
Views: 6228

Re: Happy Birthday, Taylor!

Happy Birthday, Taylor, and heartfelt thanks for all you have given me personally by sharing your wisdom and research. You are my idol.
by zengolf2011
Tue Jan 22, 2019 10:16 pm
Forum: Investing - Theory, News & General
Topic: Your Retirement W/D method and why?
Replies: 40
Views: 4123

Re: Your Retirement W/D method and why?

We are in our third year of RMDs, starting what I consider the middle third of retirement. We live simple, happy lives. Our W/D method is to use guaranteed incomes for routine expenses, RMDs as mad money (though we often donate and reinvest at least some), taxable funds for extraordinary expenses, t...
by zengolf2011
Sat Jan 19, 2019 8:15 pm
Forum: Investing - Theory, News & General
Topic: The NY Times calls us a cult but in a good way
Replies: 62
Views: 8251

Re: The NY Times calls us a cult but in a good way

We are a wide-ranging, diverse set of individuals who share this blog and reasoned discussions on saving and investing. This blog facilitates rigorous analysis on a daily basis, and we usually require evidence-based discussion (unlike much of the blogosphere). We are not easy on ourselves. So, Bogle...
by zengolf2011
Thu Jan 17, 2019 2:38 pm
Forum: Investing - Theory, News & General
Topic: Tributes to Jack Bogle
Replies: 206
Views: 29041

Re: ode to St. Jack

So good to hear from you, Larry. Thank you for posting this.
by zengolf2011
Thu Jan 17, 2019 12:59 am
Forum: Investing - Theory, News & General
Topic: John Bogle has died at age 89
Replies: 856
Views: 60207

Re: John Bogle has died at age 89

Thank you, Mr. Bogle, for enabling us to be better investors, and especially for showing us how to be better human beings. Thanks also to the generous people who have built this community to pursue Mr. Bogle's vision and mission.
by zengolf2011
Tue Jan 01, 2019 2:30 pm
Forum: Investing - Theory, News & General
Topic: The Intelligent Investor
Replies: 16
Views: 1608

Re: The Intelligent Investor

Much has changed since Graham's time, but his work is a classic and still very much worth reading. Dismissing him is kind of like saying there's no point in reading Aristotle or Newton because Einstein's physics made theirs obsolete. Actually, their work made Einstein's possible. Same is true of the...
by zengolf2011
Fri Dec 14, 2018 10:16 pm
Forum: Personal Investments
Topic: Imminent retirees & sequence fear
Replies: 69
Views: 5009

Re: Imminent retirees & sequence fear

Diver, have you considered building a 10-yr CD or Treasuries ladder sufficient to provide a desirable standard of living for that time frame, and putting a substantial amount of the remainder (whatever %age you will be able to stick with) into equities? If you're concerned about a collapse of CDs o...
by zengolf2011
Fri Dec 14, 2018 4:58 pm
Forum: Personal Investments
Topic: Imminent retirees & sequence fear
Replies: 69
Views: 5009

Re: Imminent retirees & sequence fear

Diver, have you considered building a 10-yr CD or Treasuries ladder sufficient to provide a desirable standard of living for that time frame, and putting a substantial amount of the remainder (whatever %age you will be able to stick with) into equities? If you're concerned about a collapse of CDs or...
by zengolf2011
Wed Dec 05, 2018 3:43 pm
Forum: Investing - Theory, News & General
Topic: Question: When Bubbles Burst, Do Asset Prices Go Below Instrinsic Value?
Replies: 14
Views: 1707

Re: Question: When Bubbles Burst, Do Asset Prices Go Below Instrinsic Value?

I think it's common for asset prices to fall below any reasonable estimate of "intrinsic" value during financial crises. Panic selling takes on a life of its own completely decoupled from hard asset values , as does frenzied buying in the run-up to bubbles. In 1932, Benjamin Graham wrote an article ...
by zengolf2011
Fri Nov 23, 2018 3:24 pm
Forum: Personal Investments
Topic: Roth vs IRA 3 fund Portfolio's percentages
Replies: 4
Views: 318

Re: Roth vs IRA 3 fund Portfolio's percentages

Can anyone "foresee" the future? How long is the "foreseeable future"? I think trying to foresee the future is market timing, which has not worked out too well for me. I don't know whether international stocks and bonds are terrible investments now or not. That's why I diversify in different investm...
by zengolf2011
Mon Oct 22, 2018 7:20 pm
Forum: Investing - Theory, News & General
Topic: Do you use any economic "theory" in your approach to investing?
Replies: 12
Views: 997

Re: Do you use any economic "theory" in your approach to investing?

I think most investors subscribe to the theory that the economy will expand over the long run. I think many of us doubt the reliability of short-term forecasting. To me, these two beliefs are the theoretical basis for my buy-and-hold approach to investing.
by zengolf2011
Thu Oct 11, 2018 8:50 pm
Forum: Personal Investments
Topic: When stocks and bonds drop at the same time, what do you do?
Replies: 40
Views: 4949

Re: When stocks and bonds drop at the same time, what do you do?

When I was in the accumulation phase, during stock market drops I bought as many shares in stock funds as I could afford. I didn't sweat bond fund dips. Now I'm in the distribution phase, and I can tell you the two phases are totally different. Now that I face Required Minimum Distributions, I maint...
by zengolf2011
Sun Sep 23, 2018 11:11 pm
Forum: Personal Consumer Issues
Topic: When is it OK to not go through car insurance after you've been hit?
Replies: 17
Views: 2076

Re: When is it OK to not go through car insurance after you've been hit?

Sorry, but I would have to say it's usually a mistake to forgo the insurance process. Twice I have let someone who hit my car talk me into not reporting. Twice I regretted it. In the first case, my car sustained several thousand dollars of damage. The other driver begged me not to report the acciden...
by zengolf2011
Sun Sep 23, 2018 9:24 am
Forum: Investing - Theory, News & General
Topic: How do you define your success in our life, career and job?
Replies: 25
Views: 2124

Re: How do you define your success in our life, career and job?

lostdog wrote:
Sun Sep 23, 2018 8:10 am
You are not your vocation. You are not your bank account. You are just you.

Health, family, friends, hobbies is all that matters.
Love your tag line: That's your life ticking away... [paraphrase, not a quote]
by zengolf2011
Fri Sep 14, 2018 1:07 am
Forum: Personal Investments
Topic: Question for RMD'ers with predominantly bond IRAs
Replies: 11
Views: 1077

Re: Question for RMD'ers with predominantly bond IRAs

How about a cd ladder? Maybe 1-2 years in mm, then a 2-3 year ladder. Like many of the other respondents, we keep laddered CDs and short-term bond funds representing three years of RMDs in TIRAs. Our TIRAs are primarily invested in intermediate-term bonds, but with small equity stakes. We plan to t...
by zengolf2011
Thu Sep 13, 2018 1:40 pm
Forum: Personal Investments
Topic: Question for RMD'ers with predominantly bond IRAs
Replies: 11
Views: 1077

Re: Question for RMD'ers with predominantly bond IRAs

Like many of the other respondents, we keep laddered CDs and short-term bond funds representing three years of RMDs in TIRAs. Our TIRAs are primarily invested in intermediate-term bonds, but with small equity stakes. We plan to take RMDs from CDs and/or short-term bonds only if both bond and stock m...
by zengolf2011
Tue Sep 11, 2018 1:32 pm
Forum: Investing - Theory, News & General
Topic: A Boglehead explains the simplest way to manage your money
Replies: 18
Views: 5620

Re: A Boglehead explains the simplest way to manage your money

I started investing 30 years ago with the "help" of a financial adviser (read: salesman) who was no help to me at all, but helped himself a lot. With a small bit of reasoning and research, plus a large dose of luck, I eventually stumbled into variants of the 3-fund portfolio. My only regret is that ...
by zengolf2011
Tue Sep 04, 2018 3:16 pm
Forum: Investing - Theory, News & General
Topic: "Safeguarding Your Wealth From The Effects Of Cognitive Decline"
Replies: 52
Views: 5935

Re: "Safeguarding Your Wealth From The Effects Of Cognitive Decline"

Taylor, heartfelt thanks for raising this topic and providing information. I'm 72, active and healthy, but do feel a slow decline in endurance and attention span. I recently started discussing this with my wife. As long as our situation is stable, we plan to maintain simplicity in our affairs, espec...
by zengolf2011
Mon Sep 03, 2018 5:58 pm
Forum: Personal Consumer Issues
Topic: How often do you change your HVAC filters?
Replies: 57
Views: 3694

Re: How often do you change your HVAC filters?

We live in the hot, dusty desert Southwest, so our air conditioner is in use much of the year. I would consider this a severe, high-demand service condition. Our A/C service guy said to change monthly, using the cheapest filters we can find. His rationale is that cheap filters create less resistance...
by zengolf2011
Mon Sep 03, 2018 5:47 pm
Forum: Personal Investments
Topic: Advice for an 87-year-old?
Replies: 36
Views: 2438

Re: Advice for an 87-year-old?

Your intentions are good. You are trying to help your father. Be thankful that he is competent and content, and respect his choices. Let him know that you will always be there for him. Then you both can count your blessings.
by zengolf2011
Sun Sep 02, 2018 11:18 am
Forum: Personal Finance (Not Investing)
Topic: Using your home as old age care self-insurance?
Replies: 74
Views: 6487

Re: Using your home as old age care self-insurance?

We plan to move to a continuing care retirement facility whenever the first of us begins to experience infirmities. We view our home as just another asset to be sold when we no longer can enjoy it. We earmark our taxable account for this purpose to supplement proceeds from the house if needed. We ac...
by zengolf2011
Wed Aug 29, 2018 5:38 pm
Forum: Personal Consumer Issues
Topic: Shingrix [Vaccine availability]
Replies: 153
Views: 15403

Re: Shingrix [Vaccine availability]

I went to the local CVS in Scottsdale last week to get flu and pneumonia shots. Pharmacist said that Shingrix vaccine is not available and to check back early next year. Michael, I've had the same experience with the VA in Phoenix. I check every 6 months, and am told to try again in a few months. (...
by zengolf2011
Wed Aug 22, 2018 11:41 am
Forum: Investing - Theory, News & General
Topic: The futility of stock market forecasts
Replies: 8
Views: 1900

Re: The futility of stock market forecasts

Great public service, Taylor. Banyan Hill and Ted Bauman are the last folks on earth with whom I would entrust my assets! Purveyors of doom are seldom on target, and the rare instances they are is strictly due to chance and coincidence. Stay the course!
by zengolf2011
Sat Aug 04, 2018 11:56 am
Forum: Investing - Theory, News & General
Topic: Will dividend spending only portfolio last forever ?
Replies: 90
Views: 7060

Re: Will dividend spending only portfolio last forever ?

I consider dividend spending one way to implement a low, adaptive withdrawal rate. It's no better or worse than a similar plan based on total return.