Search found 155 matches

by victw
Sat Mar 21, 2020 11:14 pm
Forum: Personal Investments
Topic: Late to the Game--"Catch up" opportunity?
Replies: 16
Views: 1420

Re: Late to the Game--"Catch up" opportunity?

I recommend YNAB. Not a backwards budgeting - but a forward looking tool. I skimmed the posts. But what percentage of your income are you saving? It's really about savings. SS will not replace a high percentage of your income. With nothing saved that's what you will be living on. :shock: Get focused...
by victw
Thu Mar 19, 2020 11:31 am
Forum: Personal Investments
Topic: Unprepared for Potential Great Depression Part 2
Replies: 245
Views: 24197

Re: Unprepared for Potential Great Depression Part 2

Oh my gosh, people jumping out of windows here on the Bogleheads. I think talk of a Great Depression is waaaaaaaaaaaaay early. Yep. I'm wondering how many people have calculated their income if they had to withdraw at this point. We could certainly live on a SWR of 4% even with the market down. OP ...
by victw
Wed Mar 18, 2020 11:39 pm
Forum: Personal Consumer Issues
Topic: How can bogleheads help during this crisis?
Replies: 20
Views: 1334

Re: How can bogleheads help during this crisis?

I signed up to donate blood. I'm not eligible for another two weeks.

Local NPR station has somewhat suspended their spring pledge drive. I'm considering donating - I usually do the fall drives but thought I might split it up and do half now.

Hope we see some more ideas.

Vic
by victw
Tue Mar 17, 2020 2:57 pm
Forum: Personal Investments
Topic: Where to park cash if we go to negative interest rates
Replies: 45
Views: 5111

Re: Where to park cash if we go to negative interest rates

I don't want to derail the question. But technically if you factor in inflation - aren't we already negative?

Vic
by victw
Mon Mar 16, 2020 12:23 am
Forum: Investing - Theory, News & General
Topic: So what does shutting down the US economy for a few months look like?
Replies: 200
Views: 15310

Re: So what does shutting down the US economy for a few months look like?

REI is closing stores for the next two weeks. They intend to keep paying their employees. Do we have a list of other companies closing - Apple is the only other one I know. Target looked like they might actually be bringing extra work to restock - but that was only an observation. Groceries stores i...
by victw
Wed Mar 11, 2020 6:37 pm
Forum: Investing - Theory, News & General
Topic: Any 50+ year olds buying?
Replies: 53
Views: 3897

Re: Any 50+ year olds buying?

I've made some small buys. All of them too soon. We were about 55/45 before the recent losses. Just slightly over 3.5% SWR - depending on your perspective. What's amazing is that even with a 20% drop our projected annual income doesn't change that much. I'd like to buy more but my husband wants a 30...
by victw
Fri Mar 06, 2020 12:54 pm
Forum: US Chapters
Topic: Where is Livesoft!?
Replies: 147
Views: 27975

Re: Where is Livesoft!?

FYI, Friday Feb 28th wasn't an official Livesoft RBD: "A Friday cannot be a bona fide RBD" https://www.bogleheads.org/forum/viewtopic.php?t=184463 I think Livesoft is watching and waiting and will chime in at some point--after gathering lots of data on the behavioral errors that all of us are makin...
by victw
Mon Feb 24, 2020 3:56 pm
Forum: Personal Consumer Issues
Topic: Assuming you were going to buy a cargo van (new vs carmax)...
Replies: 43
Views: 2460

Re: Assuming you were going to buy a cargo van (new vs carmax)...

Guess I could call a few dealers, would you recommend doing the costco auto program (I think its fixed pricing below msrp) or going in and haggling? Neither. If you are buying new here is a post that I did about my online new car buying experience. https://www.bogleheads.org/forum/viewtopic.php?f=1...
by victw
Wed Feb 05, 2020 1:21 pm
Forum: Personal Finance (Not Investing)
Topic: May semi- FIRE - how to access retirement accounts
Replies: 14
Views: 850

Re: May semi- FIRE - how to access retirement accounts

Does a ROTH conversion ladder not answer this question? https://rootofgood.com/roth-ira-conversion-ladder-early-retirement/ I don't think it does. But I'm not sure I'm understanding the dilemma. SEPP does not have to be on the full balance. But I don't think I partial would help in this case. Assume...
by victw
Wed Feb 05, 2020 11:32 am
Forum: Investing - Theory, News & General
Topic: Well, I am market timing due to coronavirus... Wish me luck.
Replies: 1221
Views: 108195

Re: Well, I am market timing... Wish me luck.

I was 75/25 I am now 50/50. I have set a timer to get back in the market by the end of March. I figure that if this does cause a sell off I will be able to buy back in at a nice discount. If it doesn't, I'll buy back in and lose 1-2%. Why a timer? Did you consider other options? Some kind of value ...
by victw
Thu Jan 30, 2020 11:55 am
Forum: Personal Consumer Issues
Topic: Early retirement - Long term "successes"
Replies: 75
Views: 7318

Re: Early retirement - Long term "successes"

His basic plan was to save 500k and live off 50/day (3.7 SWR). So much for FIREing being a new idea like some people think:) I did some rudimentary math on this one. Using 1984 as a start - inflation adjusting - the same $50 a day today would be $ 125. Rounding up it would take $ 1.3 million to cov...
by victw
Mon Jan 27, 2020 10:32 pm
Forum: Personal Finance (Not Investing)
Topic: Budget with high standard deviation—yet another party I to which I have arrived late!!
Replies: 12
Views: 1583

Re: Budget with high standard deviation—yet another party I to which I have arrived late!!

Another YNAB user.
You might check them out even if you don't buy. They are all over those lumpy expenses.
The educational materials are great.

Vic
by victw
Fri Jan 03, 2020 11:56 am
Forum: Personal Finance (Not Investing)
Topic: 401k catch-up contributions does the max have to be met first?
Replies: 4
Views: 520

Re: 401k catch-up contributions does the max have to be met first?

HR and I both found this. https://www.irs.gov/retirement-plans/401k-plan-catch-up-contribution-eligibility She still maintains that I would have to max the 19500. Before I could do a catch up contribution. But we are capped at 20%. So an individual would have to make at least 97,500 under our plan b...
by victw
Thu Jan 02, 2020 2:04 pm
Forum: Personal Finance (Not Investing)
Topic: 401k catch-up contributions does the max have to be met first?
Replies: 4
Views: 520

401k catch-up contributions does the max have to be met first?

Hi all, I received this email from my company. In order to ensure accuracy in your payroll deductions for 2020, we have removed any 401(k) Catch Up deductions for the start of this new year. Your regular contributions will continue to occur, as note below. Once you get close to reaching the IRS new ...
by victw
Wed Nov 13, 2019 6:00 pm
Forum: Personal Finance (Not Investing)
Topic: Forgotten Expenses in Retirement--Travel
Replies: 32
Views: 2825

Re: Forgotten Expenses in Retirement--Travel

Since we have been renters in HCOL area. We are going to downsize to storage unit. Put everything in storage and start nomadic travel around the world. The expense to have a place plus extensive travel would mean saving a lot more money->working more years. We will move to lower cost of living area ...
by victw
Tue Nov 12, 2019 1:57 pm
Forum: Personal Investments
Topic: 4 % Rule
Replies: 13
Views: 1401

Re: 4 % Rule

OP, Have you read through the wiki? There is also a Bogleheads book on Retiring. And Jane Bryant Quinn has a book "Making Your Money Last in Retirement." Seems like you are in the educational phase - based on previous questions. I recommend the reading - so that you can ask more specific questions. ...
by victw
Thu Nov 07, 2019 3:21 pm
Forum: Personal Finance (Not Investing)
Topic: USAA has lost its way.
Replies: 6
Views: 1121

Re: USAA has lost its way.

We received the same questions from Chase opening a checking account a few years ago.

Vic
by victw
Thu Nov 07, 2019 3:18 pm
Forum: Personal Finance (Not Investing)
Topic: Sell equities to pay down mortgage
Replies: 22
Views: 2159

Re: Sell equities to pay down mortgage

Triple digit golfer wrote:
Thu Nov 07, 2019 1:55 pm
[

Also, the idea of selling equities to pay down the mortgage seems a bit like market timing to me. If the S&P 500 was at 2,000, I wouldn't even be considering selling equities.
Is it market timing or a form of rebalancing?

Vic
by victw
Thu Nov 07, 2019 10:58 am
Forum: Personal Investments
Topic: Mega Backdoor - Conflicting Feedback
Replies: 11
Views: 787

Re: Mega Backdoor - Conflicting Feedback

+++ On getting a copy of the plan doc summary and reading it. I can make unlimited conversions but my husband loses his match for a quarter if he makes any conversions. You should also clarify the process with Fidelity and your HR. I initiate the rollover with Fidelity. Download paperwork. Sign it. ...
by victw
Mon Nov 04, 2019 5:27 pm
Forum: Personal Consumer Issues
Topic: RESOLVED: Meetup.com group platform: free or less-expensive alternative? (ORLANDO area & beyond)
Replies: 7
Views: 933

Re: Meetup.com group platform: free or less-expensive alternative? (ORLANDO area & beyond)

I think your biggest challenge would be in getting the word out. Meetup is effective in that area. With Sierra Club hikes we are now using meetup to get the word out to people that would not here it otherwise. I wonder if you could find a "sponsor" to pay the fee. Maybe someone in the travel industr...
by victw
Fri Nov 01, 2019 3:06 pm
Forum: Personal Investments
Topic: Roth IRA question
Replies: 15
Views: 1123

Re: Roth IRA question

My plan is to invest $500 a month ($6k/year) from this point forward while I put the rest of my money towards my student loans. My question is should I leave it in a Vanguard Target Retirement 2060 Fund or move it into another fund? Thanks in advance! Investing wise what has changed since you start...
by victw
Fri Nov 01, 2019 12:03 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 7335
Views: 598717

Re: U.S. stocks continue to soar!

Running inflation higher than interest rates is one of the ways to reduce debt by stealing wealth. I am pretty sure that US treasury holders will not be impressed with 3% inflation and rate cut. Result will be price of gold up, treasury dump, and flight out of US dollar. If FED raise rates, which t...
by victw
Thu Oct 31, 2019 3:20 pm
Forum: Personal Investments
Topic: Take Dividend Income From IRAs At 59.5?
Replies: 18
Views: 1391

Re: Take Dividend Income From IRAs At 59.5?

You might be in a position to do conversion from IRAs/401ks to Roth. Take a look at RPM - Retiriement Portfolio Model in the wiki.

Vic
by victw
Tue Oct 22, 2019 11:10 pm
Forum: Personal Investments
Topic: Big changes coming...how to efficiently shoot for "early retirement"?
Replies: 18
Views: 3182

Re: Big changes coming...how to efficiently shoot for "early retirement"?

You don't say what your spend rate is. I think you want to think about savings rates. More is better. It might be tempting to spend some of that money.

Vic
by victw
Tue Oct 22, 2019 4:16 pm
Forum: Personal Investments
Topic: Portfolio gut check for early retirement
Replies: 8
Views: 962

Re: Portfolio gut check for early retirement

SS? Verify the numbers are with no income going forward. You might need to use the anypia calculator to get accurate numbers. Health insurance? How about part-time? Your portfolio will generate about half your expenses. You would only need to cover the other half. My sense is that you are close - bu...
by victw
Tue Oct 22, 2019 2:07 pm
Forum: Personal Consumer Issues
Topic: What frugal thing did you do today?
Replies: 1477
Views: 173134

Re: What frugal thing did you do today?

Right now the ARCO (a brand famous for being cash only) in my neighborhood has premium at $4.33 while the Shell across the street has it priced at $4.49. The Shell with Costco Visa wins by two cents per gallon, nothing to get excited about. ARCO vs. Shell. That debate consumes my waking hours. I ca...
by victw
Mon Oct 21, 2019 11:42 am
Forum: Personal Finance (Not Investing)
Topic: Retirement income streams
Replies: 10
Views: 2505

Re: Retirement income streams

See RPM in the wiki. Retirement Portfolio Model.
by victw
Fri Oct 18, 2019 10:57 am
Forum: Personal Finance (Not Investing)
Topic: I bought a STOLEN vehicle!!!
Replies: 106
Views: 16361

Re: I bought a STOLEN vehicle!!!

Are you sure the car wasn't stolen from you??? Are you proposing that someone impersonated CHP officials to steal a used Altima worth $13k? That's funny or possibly sad. Cheers Yes, why not? It's more profitable and less violent than stealing the cash from someone's wallet. The story sounded odd. A...
by victw
Fri Oct 11, 2019 2:08 pm
Forum: Personal Investments
Topic: How to Use Withdrawn Money
Replies: 10
Views: 1041

Re: How to Use Withdrawn Money

Do you have jobs with 401ks? Could you increase your contributions and/or put money in after tax while living off the money you withdrew?

I can't wait to hear the more creative answers.

And welcome to the forum.

Vic
by victw
Mon Oct 07, 2019 6:49 pm
Forum: Personal Finance (Not Investing)
Topic: 529 savings?
Replies: 19
Views: 2899

Re: 529 savings?

TarHeel,

Congrats on the great progress. I looked at a couple of your other posts. Do you have adequate disability insurance? Term life insurance?

It looks like you are doing a great job of saving and providing for your family.

Vic
by victw
Fri Oct 04, 2019 4:16 pm
Forum: Investing - Theory, News & General
Topic: Plz share what you did to minimize retirement taxes
Replies: 32
Views: 4384

Re: Plz share what you did to minimize retirement taxes

Have you looked at RPM. https://www.bogleheads.org/wiki/Retiree_Portfolio_Model
I found it overwhelming the first time. I tried again a few months ago and was able to get further. We are trying to balance Roth conversions and stay under ACA window.

Vic
by victw
Tue Oct 01, 2019 12:47 pm
Forum: Personal Investments
Topic: Small pension options - how to understand.
Replies: 14
Views: 1205

Re: Small pension options - how to understand.

They have a history of trying to buy out pensions. First offer was $11k, second offer was $21k. I'm waiting for an offer above $40k Tivattom - I thought this might be a possibility also. I do not have details - but regarding other questions. There is a survivorship option - but I don't have details...
by victw
Mon Sep 30, 2019 11:03 pm
Forum: Personal Investments
Topic: Small pension options - how to understand.
Replies: 14
Views: 1205

Small pension options - how to understand.

Hi all, I received notification that a former employer (current owner) is offering a lump sum of a pension that I did not even realize I was entitled to. I have 4 options. I'm not sure how to do the math on the options. Option 1. Lump Sum rolled over into an IRA. $ 16,823.59 Option 2. Lump Sum cash ...
by victw
Tue Sep 24, 2019 1:49 pm
Forum: Personal Consumer Issues
Topic: DFW to Tasmania - 15 hour time change
Replies: 51
Views: 3579

Re: DFW to Tasmania - 15 hour time change

There are calculators on-line that help you adjust to your target time zone. I usually find it easier to go from the Central time to Pacific. That's heading west. But I'm not sure that extrapolates to crossing the Pacific. If you find a method that works better than your previous - update us. Vic
by victw
Tue Sep 24, 2019 12:02 pm
Forum: Investing - Theory, News & General
Topic: What is the highest "safe" withdrawal rate for a 15 year period?
Replies: 44
Views: 3885

Re: What is the highest "safe" withdrawal rate for a 15 year period?

I think you are grossly underestimating health insurance costs. Even with ACA you will likely see them increase as you get older. Have your priced it out at 55,59,64?

We are planning for ER in our mid 50's. Healthcare will easily be 12% of our annual budget. Likely more.

Vic
by victw
Thu Sep 19, 2019 11:26 am
Forum: Personal Investments
Topic: Verge of Retiring, Portfolio Analysis Help
Replies: 46
Views: 4689

Re: Verge of Retiring, Portfolio Analysis Help

Added: annual expenses in retirement should be around $80k, including health insurance and income taxes Thanks a million!! How confident are you with this number? What method did you use? And what about lumpy expenses? New cars. Big trips. House maintenance. Personally - I have found it surprisingl...
by victw
Sun Sep 15, 2019 8:33 pm
Forum: Personal Investments
Topic: Target of 25x with delayed "income"?
Replies: 23
Views: 2089

Re: Target of 25x with delayed "income"?

You might look at Ken Steiners PMT.
Siamond also has a version of PMT.

Vic
by victw
Fri Sep 13, 2019 11:12 am
Forum: Personal Finance (Not Investing)
Topic: Using automatic rebalance feature in Fidelity 401K: Optimal Frequency
Replies: 11
Views: 1024

Re: Using automatic rebalance feature in Fidelity 401K: Optimal Frequency

aednichols wrote:
Thu Sep 12, 2019 10:04 pm
I have a Fidelity 401k also and set an email alert to notify me if my portfolio is more than 5% off.

This appeals to me because it neither requires me to monitor it myself, nor prescribes a specific, possibly too frequent rebalancing interval.
This. Not sure why it's not discussed more.

Vic
by victw
Wed Sep 11, 2019 11:12 am
Forum: Personal Finance (Not Investing)
Topic: Yet Another Housing Sanity Check
Replies: 7
Views: 1374

Re: Yet Another Housing Sanity Check

I'm kind of wary of taking into account the full 400K. My wife's income is very cyclical and variable, going from 100K down to 50K. FANG jobs are also paid in stock so I'm thinking what happens in a recession? Am I being too conservative? I'm in tech - non FANG. Could you get a non FANG job that pa...
by victw
Mon Sep 02, 2019 10:00 pm
Forum: Personal Consumer Issues
Topic: Not gaining weight on vacation?
Replies: 115
Views: 6511

Re: Not gaining weight on vacation?

I struggle with this too, and my pattern is the same. I think the cause, at least in my case, is a scarcity mentality. The hotel and airport lounge buffets just offer up so much and subconsciously I must be thinking that I should eat now because I may not get another chance. The reality though is t...
by victw
Mon Sep 02, 2019 9:41 am
Forum: Personal Consumer Issues
Topic: Not gaining weight on vacation?
Replies: 115
Views: 6511

Re: Not gaining weight on vacation?

Kennedy wrote:
Sun Sep 01, 2019 10:08 pm

I have an upcoming ten day trip to Japan and want to avoid gaining weight this time.
Japan. They weigh less than Americans?
Eat like the locals. This would be a great time to observe the differences in eating.

Vic
by victw
Sat Aug 31, 2019 1:54 pm
Forum: Personal Investments
Topic: Make my investments as "safe" as possible. Retiring 12/31/2019
Replies: 20
Views: 3334

Re: Make my investments as "safe" as possible. Retiring 12/31/2019

Wow - your portfolio grew from 400k to almost 2 mil - with a divorce in the mean time. You've asked this question about protecting the portfolio before - what has changed. You are projecting a fairly low withdrawal rate - I'm not sure you need to worry about the portfolio much with that low a return...
by victw
Sat Aug 31, 2019 1:34 pm
Forum: Personal Consumer Issues
Topic: Improving soft skills
Replies: 35
Views: 3576

Re: Improving soft skills

It’s informal one-on-one and small group conversations that are much trickier for me because they involve thinking on one’e feet In other words, it’s the immediacy and real-time adaptability requirements of informal conversations that I find difficult. My brain just isn’t wired for quick wit and fl...
by victw
Thu Aug 29, 2019 3:17 pm
Forum: Personal Finance (Not Investing)
Topic: While there is a high school question - my daughter wants to graduate early
Replies: 76
Views: 4196

Re: While there is a high school question - my daughter wants to graduate early

You learn nearly nothing senior year? What? That's where we are. Senior year in our state is a joke. She's far from the only student that has the credits to do this. Senior year for typical students at my daughter's high school looks like this. 12th grade English Government/Economics A BS class Lun...
by victw
Sun Aug 25, 2019 10:50 am
Forum: Investing - Theory, News & General
Topic: Interview Of Larry Swedroe Centered On His New Retirement Book
Replies: 10
Views: 2293

Re: Interview Of Larry Swedroe Centered On His New Retirement Book

I enjoyed the interview. In the interview Larry mentioned a set-up for couples where they could agree to be tested for mental competence and removed from access to accounts if they are not able. Does anyone know what this is called? Where I might find more information. I've heard family of family st...
by victw
Tue Aug 20, 2019 3:32 pm
Forum: Investing - Theory, News & General
Topic: [Book: Living off Your Money, by M. McClung (Prime Harvesting)]
Replies: 470
Views: 126846

Re: [Book: Living off Your Money, by M. McClung (Prime Harvesting)]

How does Prime or Alternate Prime work when you run out of Bonds, as in a long period (number of years) where your equities doen't ever get to 20% over target (inflation adjusted)? What is the target for balancing back in to Bonds? Leif's response is correct. The point is to NOT sell equities if th...
by victw
Sun Aug 18, 2019 11:25 am
Forum: Personal Consumer Issues
Topic: How to read (and retain)?
Replies: 92
Views: 6510

Re: How to read (and retain)?

Dear Bogleheads, 1. How to effectively retain what one reads? I learn best when I write things down but that is too time consuming. Do you have a learning technique/pattern that works for you? 2. How do you decide what book to buy in hard copy, what to buy on Kindle, and what to borrow from the lib...
by victw
Fri Aug 16, 2019 10:20 am
Forum: Personal Finance (Not Investing)
Topic: Financial planning tools - MaxiFi, Fire Calc, etc?
Replies: 33
Views: 3546

Re: Financial planning tools - MaxiFi, Fire Calc, etc?

OP, I think the Excel tool written by BigFoot, Retiree Portfolio Model and Longvest VPW are excellent tools to get you started, WoodSpinner +1 RPM is somewhat overwhelming at first. But WOW. What a resource. We will be using it in combination with i-ORP to help nail down Roth conversions. We will a...
by victw
Thu Aug 15, 2019 2:57 pm
Forum: Personal Consumer Issues
Topic: Brown Bag Lunch Ideas
Replies: 70
Views: 5320

Re: Brown Bag Lunch Ideas

Hello, After reading with great interest the "Breakfast Menu After Retirement" thread (link below), I wonder if the folks in this forum have any "brown bag" lunch ideas? I've been eating either deli turkey sandwiches or chicken salad sandwiches for well over 20+ years of my career. I don't feel eit...