Search found 254 matches

by ascenzm
Tue Jan 28, 2014 2:30 pm
Forum: Personal Consumer Issues
Topic: Thinning the Herd - what do you do with unwanted DVDs?
Replies: 69
Views: 5539

Re: Thinning the Herd - what do you do with unwanted DVDs?

My local public library holds a fundraising book sale every year where they sell donated and unwanted books, audiobooks, DVDs, and CDs at very low prices. I donate tons of stuff for that sale. You might investigate whether your local library does the same. Yes.Also don't understand why anyone buys ...
by ascenzm
Sat Feb 09, 2013 8:15 pm
Forum: Investing - Theory, News & General
Topic: Retire earlier or wealthier?
Replies: 25
Views: 4597

Re: Retire earlier or wealthier?

I voted for spend and give more, though not beacuse it would be my preference. I liked "both." However, a poll like this can bypass a sober truth: a nice 50% pop in net worth may not be the sole variable in finding oneself able and ready to retire. For me, making it to age 60 at work means that, on...
by ascenzm
Fri Feb 08, 2013 12:53 pm
Forum: Investing - Theory, News & General
Topic: Charlie Ellis & Burton Malkiel say 0% bonds OK under 50
Replies: 155
Views: 25454

Re: Charlie Ellis & Burton Malkiel say 0% bonds OK under 50

In their book "The Elements of Investing", one of them, not sure which, say that investors with high risk tolerance can be 100% equities up to 50 years old. I subscribe to this view as well. What are your thoughts? If ZIRP continues on past 2015, I will be updating my IPS. Right now the IPS calls f...
by ascenzm
Thu Jan 17, 2013 10:54 am
Forum: Investing - Theory, News & General
Topic: Washington Post Article About People Raiding 401k Accounts
Replies: 102
Views: 22515

Re: Washington Post Article About People Raiding 401k Accoun

Perhaps when these people have finished raiding their 401k accounts , they'll start calling for ways to raid our 401k accounts too. +1000 Yep. I feel like I have a target on my back. I stopped IRA contributions two years ago (don't qualify for the Roth) and lowered my Roth 401K contributions to the...
by ascenzm
Mon Dec 24, 2012 11:15 am
Forum: Investing - Theory, News & General
Topic: Scott Burns is investing in Gold
Replies: 126
Views: 10995

Re: Scott Burns is investing in Gold

Maybe not the worst idea these days. Merry Cliffmas! With interest rates on safe investments expected to be near zero for years, investing in most fixed income securities is silly. No one should volunteer for a certain loss of purchasing power. Owning gold may not be better, but it is a good respon...
by ascenzm
Mon Dec 24, 2012 11:12 am
Forum: Investing - Theory, News & General
Topic: 7 Problems With An All-401(K) retirement
Replies: 19
Views: 3317

Re: 7 Problems With An All-401(K) retirement

I found this a relatively even-handed article on potential problems associated with a retirement system increasingly focused on the 401(k) system. http://timothymobley.wordpress.com/2012/06/22/7-threats-to-your-retirement-when-all-you-have-is-a-401k-plan/ I never like to have all my eggs in one bas...
by ascenzm
Wed Dec 19, 2012 11:58 am
Forum: Investing - Theory, News & General
Topic: Tis the Season for Fund Distributions...
Replies: 10
Views: 1443

Re: Tis the Season for Fund Distributions...

Better yet, quit looking at price charts, which are only relevant to traders, and make a habit of looking at growth charts, which match what us long-term investors do, and then you won't see anything to worry about. Yes, I am reading a number of posts from people fretting over NAV drops in their fu...
by ascenzm
Wed Dec 19, 2012 11:56 am
Forum: Investing - Help with Personal Investments
Topic: Intermediate tax exempt falling?
Replies: 40
Views: 3618

Re: Intermediate tax exempt falling?

Does anyone have any thoughts on the recent drop in share price of intermediate term tax exempt fund over the last week? Should this fund still be held for its tax free yield? Thank you! What does your IPS say? I don't have a crystal ball, but my IPS says to hold my Vanguard Intermediate Term Tax E...
by ascenzm
Thu Nov 08, 2012 1:27 pm
Forum: Personal Consumer Issues
Topic: Getting another key made for my car
Replies: 52
Views: 28007

Re: Getting another key made for my car

I recently bought a car and it came with only one key so I would like to get another one made to save me a lot of money and hassle down the line in the event that I lose it. Its a newer car and I need to get the key programmed to work with the ignition from either a locksmith or a dealer. A locksmi...
by ascenzm
Tue Oct 23, 2012 7:02 am
Forum: Personal Consumer Issues
Topic: I bought a rental car... and the gas mileage is horrendous
Replies: 32
Views: 4008

Re: I bought a rental car... and the gas mileage is horrendo

Just for fun, since you are testing your mileage anyway, might also want to double check your "fuel reserve" light (if so equipt) to see how far you can go once it comes on. (Remember to carry full gas can so you can get home.) I am not an automobile expert, but I would not recommend letting the ve...
by ascenzm
Mon Oct 22, 2012 8:57 am
Forum: Personal Finance (Not Investing)
Topic: What does it feel like to have $1M+ liquid?
Replies: 126
Views: 15563

Re: What does it feel like to have $1M+ liquid?

What an interesting topic. Without going into a long bio of my life I will say that I grew up poor, developed a taste for alcohol, and spent some time without an address. In 1985 I turned my life around and my first "real" job was driving a truck for a building supply center. In 1992 I started a li...
by ascenzm
Mon Oct 22, 2012 8:54 am
Forum: Personal Finance (Not Investing)
Topic: What does it feel like to have $1M+ liquid?
Replies: 126
Views: 15563

Re: What does it feel like to have $1M+ liquid?

I think the answer to that question depends on a few factors. One was mentioned by the OP about was it earned or given to you, i.e. inheritance, etc... The other I think is the AGE at which you attained it. Hitting 1 mill. under 35 is much different then hitting it after a lifetime of investing at ...
by ascenzm
Mon Sep 24, 2012 6:31 am
Forum: Investing - Theory, News & General
Topic: Adjusting asset allocation because of the FED?
Replies: 30
Views: 2983

Re: Adjusting asset allocation because of the FED?

The Fed's move to buy more bonds will keep interest rates real low into 2015....kind of "goose-ing" the investor to buy more stocks, thus stimulating the economy. Anyone planning to alter their asset allocation as a result of this move? Lucky3 To echo what other posters have been saying, I'm not pl...
by ascenzm
Mon Sep 03, 2012 6:29 pm
Forum: Investing - Help with Personal Investments
Topic: Anyone 50+ Making Roth 401-k Contributions?
Replies: 15
Views: 1935

Re: Anyone 50+ Making Roth 401-k Contributions?

I am over 50 and I am making Roth 401K contributions. I earn too much to make Roth IRA contributions, but I like the Roth concept of no taxes upon withdrawal and no RMD requirements. I wish the Roth 401K option had been available for my entire working career. Since I am close to retirement I now onl...
by ascenzm
Tue Jun 26, 2012 10:55 am
Forum: Personal Finance (Not Investing)
Topic: Why are you trying to save so much money?
Replies: 131
Views: 27110

Re: Why are you trying to save so much money?

mortal wrote: In another example, I see 7k, as buying a lifetime supply of beer. :beer

Saving becomes very easy when you look at it in these terms
You are either planning on a short lifetime or drinking only macrobrewed American adjunct lagers if 7K is all you're planning to spend. :sharebeer

Mike
by ascenzm
Wed May 02, 2012 10:57 am
Forum: Investing - Help with Personal Investments
Topic: Retired now for one hour 35 minutes!
Replies: 31
Views: 4500

Re: Retired now for one hour 35 minutes!

I retired today from the job I have held for over 30 years. I just wanted to thank all the Bogleheads that have wisely advised me and say that I am much better prepared to go forward than I would have been had I never discovered this forum. Replies to this post are welcome, and I will answer in tim...
by ascenzm
Wed Apr 18, 2012 11:53 am
Forum: Personal Consumer Issues
Topic: would you rather retire early or retire richer?
Replies: 86
Views: 7126

Re: Early retirement ?

In 198I I was the Chief of the SBA Finance Division in South Florida. That year I testified in the US Senate that we should discontinue SBAs largest program. Afterwards, my work became unpleasant and I retired at the age of 57. I am now 88 and cannot believe how rapidly time has passed. Early retir...
by ascenzm
Thu Apr 12, 2012 8:18 am
Forum: Investing - Theory, News & General
Topic: Are there skilled individual investors?
Replies: 155
Views: 13700

Re: Are there skilled individual investors?

Hi all, Greetings from Sweden. Just registered to the forum (been reading for a while). I got a question for the bogleheads panel :) We know that some fund managers occasionally beat the market but very few show any alpha on a longer time frame. Some of those that actually do could have done it mos...
by ascenzm
Tue Apr 10, 2012 1:07 pm
Forum: Investing - Help with Personal Investments
Topic: Can I Retire?
Replies: 45
Views: 4091

Re: Can I Retire?

I'm still amazed at how lifestyle creep affected me even though I was aware of it the whole time. I was living on about $40k/year ten years ago and my wife, then a grad student, was living on around $20k/year. What changed is that we bought a home in one of "those" kind of neighborhoods, and even t...
by ascenzm
Mon Apr 02, 2012 6:37 pm
Forum: Personal Finance (Not Investing)
Topic: Your milestones?
Replies: 82
Views: 6946

Re: Your milestones?

I had milestones from the get go. One of them is amusing in retrospect: I wanted to have 10X my salary invested by the time I was 40 because in those days making 10% return a year was easy and I thought I would be able to retire. I made that goal, but I was not able to retire. :) That is funny. Yea...
by ascenzm
Sat Mar 24, 2012 12:54 pm
Forum: Investing - Help with Personal Investments
Topic: Anyone already received paper I-Bonds from Tax Refund?
Replies: 46
Views: 4811

Re: Anyone already received paper I-Bonds from Tax Refund?

I received my I Bonds a few weeks after filing my return. Oddly, the bureaucrats at the Treasury Dep't decided not to send me one $5000 bond and instead sent me 12 bonds: 6 $50, 1 $200, 1 $500, and 4 $1000. So I had a lot of fun at TreasuryDirect typing in all those serial numbers to convert them. ...
by ascenzm
Wed Mar 21, 2012 8:55 pm
Forum: Investing - Help with Personal Investments
Topic: Form 8888 Savings Bond Purchase Failure
Replies: 18
Views: 3495

Re: Form 8888 Savings Bond Purchase Failure

Mike, did the IRS send a letter stating this as the reason for the adjusted refund? I filed Form 8888 for Series I bond purchase and just had the full refund amount ACH'd to my bank account today, including the amount that was allocated to the I Bonds. The refund amount didn't differ from the total...
by ascenzm
Wed Mar 21, 2012 8:41 pm
Forum: Investing - Help with Personal Investments
Topic: Form 8888 Savings Bond Purchase Failure
Replies: 18
Views: 3495

Re: Form 8888 Savings Bond Purchase Failure

Today, mine failed too, similarly. Total amount deposited into the bank account, with no discrepancy, with no bonds issued, with no explanation. Tomorrow I'll call IRS. And then my friendly Senator's office. I received a IRS Notice CP53 that contained contradictory statements. As far as I can tell,...
by ascenzm
Wed Mar 21, 2012 11:41 am
Forum: Investing - Help with Personal Investments
Topic: Form 8888 Savings Bond Purchase Failure
Replies: 18
Views: 3495

Re: Form 8888 Savings Bond Purchase Failure

alisa4804 wrote:Bummer! Sorry that happened to you.
Well thanks to Mel I have my $30,000 of 2001 3% fixed rate Series I bonds to console me. :happy

Mike
by ascenzm
Wed Mar 21, 2012 11:30 am
Forum: Investing - Help with Personal Investments
Topic: Form 8888 Savings Bond Purchase Failure
Replies: 18
Views: 3495

Form 8888 Savings Bond Purchase Failure

The Form 8888 approach to getting part of my 2011 Federal Income tax refund in Series I bonds did not work. The Form 8888 instructions state that the savngs bonds will be not issued if there is a math error that decreases the refund amount shown on the tax return. The IRS calculations showed that my...
by ascenzm
Tue Feb 14, 2012 12:15 pm
Forum: Personal Consumer Issues
Topic: What's the cheapest cell phone if you don't need minutes?
Replies: 82
Views: 11947

Re: What's the cheapest cell phone if you don't need minutes

Hello all, I have a landline and don't really talk much on the cell phone. I just need it for emergencies and for traveling. I use at most maybe 30 minutes per month on average. Currently I use a pre-paid Net10 phone, but the cheapest I can pay is $20 for 30 Days of Service and 200 minutes. But I d...
by ascenzm
Thu Jan 26, 2012 12:15 pm
Forum: Investing - Help with Personal Investments
Topic: Do you hold your age in bonds?
Replies: 133
Views: 9282

Re: Do you hold your age in bonds?

I'm 30 and my AA is 75/25. This is a little aggressive relative to the advice that we should be holding our age in bonds. But, I see this as something that is more critical to adhere to as you get closer to retirement age. I anticipate I'll get closer to my age in bonds as I approach 40. What about...
by ascenzm
Fri Jan 13, 2012 7:41 am
Forum: Personal Finance (Not Investing)
Topic: Bogleheads, its your fault, you did this to me!
Replies: 28
Views: 3533

Re: Bogleheads, its your fault, you did this to me!

I don't go cheap on alcohol. Good beer is still relatively cheap in comparison to good wine. I commonly spend $12.99 on a four pack of Founders Breakfast Stout, one of the Top 10 (IMO) beers in the world. For that same price I would only be able to afford an entry level Cabernet Sauvignon. $12.99 f...
by ascenzm
Wed Jan 11, 2012 10:51 am
Forum: Personal Finance (Not Investing)
Topic: Frustrated with Work and Dealing with Golden Handcuffs
Replies: 55
Views: 8189

Re: Frustrated with Work and Dealing with Golden Handcuffs

jeffyscott wrote:
For most jobs there is a reason they have to pay people to do them.
Yep, as my manager once stated, work is spelled "w o r k", not "p l a y" :)

Mike, who is using a Boglehead investing approach to pursue FIRE status.
by ascenzm
Tue Jan 10, 2012 9:39 am
Forum: Investing - Theory, News & General
Topic: - Share your investing success stories -
Replies: 39
Views: 5715

Re: - Share your investing success stories -

Bought savings bonds starting at beginning of year 2000,best investment I made so far especially I bond's Yep. I was slow following Mel's advice, but I purchased $30,000 worth of 3% fixed Series I bonds in 2001 using my Discover card. Those were the last I bonds to have a 3% or greater fixed rate a...
by ascenzm
Wed Jan 04, 2012 10:16 pm
Forum: Personal Finance (Not Investing)
Topic: Retirees who get insurance from their former employer
Replies: 23
Views: 2370

Re: Retirees who get insurance from their former employer

You might be interested in reading this book: http://www.amazon.com/s/ref=nb_sb_ss_i_0_16?url=search-alias%3Dstripbooks&field-keywords=retirement+heist+by+ellen+e.+schultz&sprefix=retirement+Heist One of the chapters discusses health insurance that is promised to employees that take early retiremen...
by ascenzm
Wed Jan 04, 2012 8:48 am
Forum: Personal Finance (Not Investing)
Topic: Retirees who get insurance from their former employer
Replies: 23
Views: 2370

Re: Retirees who get insurance from their former employer

Starting January 1, 2014 I will not be surprised to see my employer drop their retiree health insurance due to the Patient Protection and Affordable Care Act (PPACA) health insurance exchanges going into affect. http://en.wikipedia.org/wiki/Patient_Protection_and_Affordable_Care_Act#Effective_by_Ja...
by ascenzm
Tue Jan 03, 2012 3:07 pm
Forum: Investing - Help with Personal Investments
Topic: What would you change if you had a 9-figure portfolio?
Replies: 31
Views: 3159

Re: What would you change if you had a 9-figure portfolio?

For example: * Would you still have the exact same allocation strategy (eg age in bonds), or would you invest more conservatively? * You'd probably want to store your money with CDARS rather than at a single bank so it's FDIC insured, right? * How would you even invest the money? Wouldn't millions ...
by ascenzm
Tue Jan 03, 2012 3:06 pm
Forum: Investing - Theory, News & General
Topic: How badly did you miss your 2011 Tax estimate?
Replies: 20
Views: 2004

Re: How badly did you miss your 2011 Tax estimate?

A lot because I'm planning to buy some 2012 paper I bonds with my refund. :D

Mike
by ascenzm
Tue Jan 03, 2012 3:04 pm
Forum: Personal Finance (Not Investing)
Topic: Retirees who get insurance from their former employer
Replies: 23
Views: 2370

Re: Retirees who get insurance from their former employer

I came across an article last night that noted that only 1/3 of American companies still offer insurance to retirees and that of those that do most have a clause that states that they can cancel, modify or cap the amount they are willing to pay at any time. I dont know how common it currently is fo...
by ascenzm
Tue Jan 03, 2012 8:00 am
Forum: Investing - Theory, News & General
Topic: 2011 Returns Thread
Replies: 137
Views: 12909

Re: 2011 Returns Thread

My portfolio's Excel XIRR for 2011 was 0.29%. My two international funds killed my portfolio return this past year.

Mike
by ascenzm
Wed Dec 14, 2011 7:43 am
Forum: Personal Consumer Issues
Topic: Humans born to run, evolutionary biologists say
Replies: 123
Views: 8415

Re: Humans born to run, evolutionary biologists say

lightheir - Also, thanks. From what I've been told, running is the only exercise that utilizes every muscle in the human body. It also doesn't need any form of specialized equipment - you don't need shoes to run, but it helps. (The design of running shoes is discussed ad-nauseum in other threads.) ...
by ascenzm
Wed Oct 05, 2011 11:35 am
Forum: Investing - Help with Personal Investments
Topic: I Caused The Market To Bottom!
Replies: 23
Views: 3036

Re: I Caused The Market To Bottom!

Ok, maybe it's just a short term bottom. But at 3:30 PM I decided it was time to mini-rebalance. I called Vanguard and placed my order to buy TSM at the end of the day price. The rep read back the order and asked "is all this correct". I responded "yes, pull the trigger". IMMEDIATELY the DOW turned...
by ascenzm
Tue Sep 27, 2011 7:27 pm
Forum: Investing - Help with Personal Investments
Topic: How much money do you need to retire at 40?
Replies: 90
Views: 17572

Re: How much money do you need to retire at 40?

The big question mark I would think is finding things to do to occupy your time for a possible 40 or 50 year retirement Yes, and since you're paying a high price for that long retirement (having to pinch pennies, worrying about health insurance), they had better be some pretty fulfilling activities...
by ascenzm
Mon Sep 26, 2011 12:26 pm
Forum: Investing - Help with Personal Investments
Topic: How much money do you need to retire at 40?
Replies: 90
Views: 17572

The elephant in the room is health insurance. I think maybe $10 million if you want to self insure yourself. Yikes! How many people with ordinary incomes could ever amass USD $10 million in net worth before normal retirement age (unless you start your own business or are a stock picker guru)? I'm a...
by ascenzm
Mon Sep 26, 2011 12:21 pm
Forum: Investing - Help with Personal Investments
Topic: How much money do you need to retire at 40?
Replies: 90
Views: 17572

Re: How much money do you need to retire at 40?

The big question mark I would think is finding things to do to occupy your time for a possible 40 or 50 year retirement Yes, and since you're paying a high price for that long retirement (having to pinch pennies, worrying about health insurance), they had better be some pretty fulfilling activities...
by ascenzm
Mon Sep 26, 2011 12:19 pm
Forum: Investing - Help with Personal Investments
Topic: How much money do you need to retire at 40?
Replies: 90
Views: 17572

Re: How much money do you need to retire at 40?

$2 million? I'm thinking if you own your own house outright with no mortgage and have modest annual income requirements of $75,000 or less a year, it's quite do-able. You may have to move to a low cost of living city, and better yet a state with no state income tax. The big question mark I would th...
by ascenzm
Thu Sep 01, 2011 7:43 am
Forum: Investing - Theory, News & General
Topic: How Common Are Company Pensions?
Replies: 16
Views: 2342

My original private sector employer offered both a defined benefit pension and an employee savings plan that changed into a 401K plan when 401Ks started. My current employer purchased my former employer and maintained both the defined benefit pension and the 401K plan. The 401K plan offers an employ...
by ascenzm
Sun Aug 07, 2011 9:51 pm
Forum: Investing - Help with Personal Investments
Topic: Anybody remember slide rules?
Replies: 54
Views: 4377

I still have my 12" K&E Log Log Duplex Decitrig with leather case, belt loop and instruction manual. It sits in a desk drawer right next to the black case containing my K&E drafting instruments. :D I have the exact same slide rule that my father gave me as a gift when I graduated high school. I don...
by ascenzm
Tue Jul 26, 2011 7:18 am
Forum: Investing - Help with Personal Investments
Topic: Am I the only one getting nervous about U.S. default?
Replies: 70
Views: 8627

Psst. Listen closely. I cannot predict movement in the bond market or stock market, but I can tell you exactly what will happen in Washington DC: 1) the debt ceiling will be raised at the last minute. 2) politicians will boast that they achieved spending cuts, but this will be done via accounting t...
by ascenzm
Fri Jul 22, 2011 7:58 am
Forum: Personal Consumer Issues
Topic: Journal of a month-long bike tour of the UK
Replies: 13
Views: 1448

Re: Journal of a month-long bike tour of the UK

Starting in mid-April, 2011, I toured around the UK for just over 4 weeks. I logged over 1200 miles. I rode in England, Wales and Scotland and had more sunny days then rainy ones. It was a fabulous trip! I've written a journal of my ride called Going Up and Down in the UK , with many of the 1500 ph...
by ascenzm
Tue Jul 19, 2011 9:23 am
Forum: Personal Consumer Issues
Topic: Trader Joe's
Replies: 123
Views: 17218

Re: Best ginger snap cookies

scooter wrote:They have the best ginger snap cookies anywhere
You're talking about their Triple Ginger Snaps? They are outstanding and addictive.

Mike