Search found 34 matches

by PhilosophyAndrew
Fri Feb 16, 2018 9:16 pm
Forum: Personal Finance (Not Investing)
Topic: How to get child's skin in the game for college?
Replies: 135
Views: 6495

Re: How to get child's skin in the game for college?

OP, since there seem to be specific reasons for believing that your daughter wil not flourish at college, have you discussed those with her with an eye either to helping her address them before matriculating or pursuing the posssibility of her deferring college until she is ready to flourish there? ...
by PhilosophyAndrew
Fri Feb 16, 2018 10:39 am
Forum: Personal Finance (Not Investing)
Topic: Number at which to stop worrying
Replies: 170
Views: 16894

Re: Number at which to stop worrying

I think it is useful to distinguish between the psychological question “when might I stop feeling worried?” and the normative question “when ought I to stop feeling worried?” As a matter brute psychological fact, some people are obsessive worrriers and will worry even when it is unreasonable for the...
by PhilosophyAndrew
Wed Feb 07, 2018 11:52 am
Forum: Investing - Theory, News & General
Topic: When do you re-allocate?
Replies: 4
Views: 325

Re: When do you re-allocate?

Per my IPS, I rebalance annually and assess my AA every five years.
by PhilosophyAndrew
Wed Feb 07, 2018 11:50 am
Forum: Investing - Help with Personal Investments
Topic: How often should you/do you rebalance?
Replies: 15
Views: 1080

Re: How often should you/do you rebalance?

For simplicity’s sake, I rebalance annually.
by PhilosophyAndrew
Wed Feb 07, 2018 10:47 am
Forum: Personal Finance (Not Investing)
Topic: Amex Bluebird or request a second/third card
Replies: 8
Views: 527

Re: Amex Bluebird or request a second/third card

If you are worried about cash being stolen from your vehicles, shouldn’t you be worried about credit cards being stolen? If it were me, I’d try to do better at remembering to bring my wallet (and would just live with the consequences wjen I did not) — that seems the central issue here, and I would r...
by PhilosophyAndrew
Thu Feb 01, 2018 8:21 pm
Forum: Investing - Help with Personal Investments
Topic: Do you see any issues with my investment policy statement?
Replies: 13
Views: 853

Re: Do you see any issues with my investment policy statement?

This strikes was a solid draft —- here are some suggestions that might make it stronger: Your two objectives seem generic. Can you write new ones that speak to your specific situation, values, and goals? For example, can you explain why you wish to retire at age 65? Do you want to develop a financia...
by PhilosophyAndrew
Thu Feb 01, 2018 8:04 pm
Forum: Investing - Help with Personal Investments
Topic: What advice would you give yourself if you were 27 again?
Replies: 120
Views: 7684

Re: What advice would you give yourself if you were 27 again?

(1) Don’t lie to yourself (or to others!) about how much you are spending; (2) Learn to find joy in saving; (3) Focus on simplicity and consistency In investing strategy; (4) Don’t fetishize hustling for work and income — learn to limit work in order to maximize the value of non-work relationships a...
by PhilosophyAndrew
Thu Feb 01, 2018 2:41 pm
Forum: Investing - Help with Personal Investments
Topic: I have an overwhelming gift I'm in need of help of please.
Replies: 89
Views: 7958

Re: I have an overwhelming gift I'm in need of help of please.

Taylor’s advice is excellent. You feel overwhelmed now, which may cause an artificial sense of urgency to take Immediate, decisive action. Acting rashly is not in your best interests — take all the time you need to calm down, learn, reflect, and plan rationally. The Bogleheads forum and wiki are won...
by PhilosophyAndrew
Thu Feb 01, 2018 2:16 pm
Forum: Investing - Help with Personal Investments
Topic: Pay off future DIL's school loans?
Replies: 28
Views: 1532

Re: Pay off future DIL's school loans?

This is a wonderful way to support your son and his partner - kudos to you! Your description of their maturity and level-headedness provides no warning signs that would justIfy delaying one or more years — as an engagement or wedding gift, your generosity would increase the joy in this special time ...
by PhilosophyAndrew
Wed Jan 31, 2018 9:12 pm
Forum: Personal Consumer Issues
Topic: undergrad major shortlist process
Replies: 20
Views: 1385

Re: undergrad major shortlist process

My career has been in higher education — as a professor and in administrative leadership. My sense is that any process that is imposed on a student is a bad process; students do best when they are able to make a wise decision autonomously, that is by their own lights and not according to what a pare...
by PhilosophyAndrew
Tue Jan 23, 2018 4:19 pm
Forum: Investing - Help with Personal Investments
Topic: Can we pull the plug (retire)?
Replies: 10
Views: 2800

Re: Can we pull the plug (retire)?

It looks like you have over 25X expected expenses, not counting compensation received during phased retirements or social security. You likely don’t need the phased retirement pay and are free to work or not depending on how the two of you wish to spend your remaining years together. Congratulations!
by PhilosophyAndrew
Tue Jan 23, 2018 12:54 pm
Forum: Personal Consumer Issues
Topic: Work-out schedule for those in 60s
Replies: 78
Views: 6403

Re: Work-out schedule for those in 60s

I’m in my 50s, so my experiences may or may not be relevant to yours. I normally work out five days per week for a total of 9-10 hours; one of these hours is with a personal trainer and the rest Involve a variety of cardio and strength training group fitness classes, including two half-hour high int...
by PhilosophyAndrew
Thu Dec 14, 2017 5:10 pm
Forum: Personal Finance (Not Investing)
Topic: How much did you contribute to your 401k in 2017?
Replies: 155
Views: 10860

Re: How much did you contribute to your 401k in 2017?

I’m 51 and contributed $24,300, excluding employer contributions.

Oops!

(I’ll work with one of my employers to claw back the excess once I have the year-end total...)
by PhilosophyAndrew
Tue Oct 24, 2017 4:02 pm
Forum: Investing - Theory, News & General
Topic: Taylor's New Book: The Bogleheads' Guide to The Three-Fund Portfolio
Replies: 91
Views: 14334

Re: Taylor's New Book: The Bogleheads' Guide to The Three-Fund Portfolio

This is great — I’m looking forward to reading the book.

Thank you, Taylor!
by PhilosophyAndrew
Wed Sep 27, 2017 6:31 pm
Forum: Personal Consumer Issues
Topic: Tailor made shirts
Replies: 11
Views: 1529

Re: Tailor made shirts

Hamilton Shirts of Houston, TX makes well-reviewed made-to-measure shirts. I’ve never tried those, but love their ready-to-wear shirts.

You might want to give them a call to see if they can address your concerns.
by PhilosophyAndrew
Wed Sep 27, 2017 11:57 am
Forum: Investing - Help with Personal Investments
Topic: Where to invest cash to retire tomorrow?
Replies: 22
Views: 3049

Re: Where to invest cash to retire tomorrow?

A simple three fund portfolio invested in accord with whatever reasonable asset allocation you prefer should work fine. Your investable assets align nicely with your annual spending; as long as your spending does not increase significantly, you should leave a significant inheritance for your heirs. ...
by PhilosophyAndrew
Sat Sep 23, 2017 6:48 am
Forum: Investing - Help with Personal Investments
Topic: Help?! My 70 year old father is 100% invested in equities
Replies: 79
Views: 8277

Re: Help?! My 70 year old father is 100% invested in equities

What is your dad’s life expectancy? How large is his portfolio as compared to his annual expenses not covered by SS or pension? If, given his assets and life expectancy, he has won the proverbial game, he may well be able to tolerate the risk of 100% equities. If you don’t know this information, you...
by PhilosophyAndrew
Sun Sep 10, 2017 11:32 am
Forum: Personal Finance (Not Investing)
Topic: Anyone else freeze their credit score?
Replies: 126
Views: 12739

Re: Anyone else freeze their credit score?

Instituting all five freezes cost my the princely sum of $5. I haven’t applied for credit for years, and don’t anticipate having to do so — but if I do need to apply, thawing an agency isn’t arduous. So, for me the benefits of freezing clearly outweigh the drawbacks.
by PhilosophyAndrew
Tue Sep 05, 2017 4:26 pm
Forum: Personal Consumer Issues
Topic: Wedding gift with Being in the Wedding
Replies: 14
Views: 1287

Re: Wedding gift with Being in the Wedding

For someone I'm this close to, I try to think of something personal that might have more meaning than a check or something off the registry. Think a book or a nice bottle of champagne with champagne flutes- nice but does not have to be crazy expensive. +1. For a close friend, insightful thoughtfuln...
by PhilosophyAndrew
Sun Sep 03, 2017 4:22 pm
Forum: Personal Finance (Not Investing)
Topic: How old were you when you got your first credit card?
Replies: 46
Views: 2661

Re: How old were you when you got your first credit card?

16, on my Dad’s account. Got my own at age 18 - this was in the early 80s.
by PhilosophyAndrew
Wed Aug 23, 2017 7:40 am
Forum: Personal Consumer Issues
Topic: Would you hire an obese nanny?
Replies: 81
Views: 3803

Re: Would you hire an obese nanny?

Yes, I would hire an obese nanny.

I praise the OP for being open about his or her own biases, and suggest that hiring this nanny might have the added benefit of allowing you to confront and perhaps overcome those biases.
by PhilosophyAndrew
Tue Aug 22, 2017 12:53 pm
Forum: Personal Consumer Issues
Topic: Crashplan for Home ending service late 2018
Replies: 117
Views: 11237

Re: Crashplan for Home ending service late 2018

To me, the company is implementing this specific decision in a thoughtful and responsible way — what about this leads you to beive that they are untrustworthy in general? On the contrary, exiting a market that is not viable to focus on more profitable markets sounds rational and trustworthy (althoug...
by PhilosophyAndrew
Tue Aug 22, 2017 12:12 pm
Forum: Personal Consumer Issues
Topic: Crashplan for Home ending service late 2018
Replies: 117
Views: 11237

Re: Crashplan for Home ending service late 2018

Bummer — CrashPlan has worked extremely well for me. Fortunately I have 4.3 years remaining on my Family Unlimited subscription. Once that subscription expires, I’m likely to migrate to the small business service — that seevixe is much more expensive than the family plan, but still seems reasonably ...
by PhilosophyAndrew
Sat Jul 29, 2017 2:00 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford it ? [A new car]
Replies: 95
Views: 7455

Re: Can I afford it ?

Buy a CPO Lexus. Reduce the depreciation hit. ...Plus, it will greatly help on insurance, which will be $$$ on a new $60k vehicle. About insurance: That’s what I assumed when I bought my first luxury car last Summer — replacing a 1997 Camry with a 2017 E-class Mercedes. Much to my surprise, the tot...
by PhilosophyAndrew
Sat Jul 29, 2017 11:15 am
Forum: Personal Finance (Not Investing)
Topic: Philosophy major and future law student
Replies: 93
Views: 6110

Re: Philosophy major and future law student

My stepson wants to major in philosophy and then go on to law school. His mom and I do not think this is a very wise decision. What do you think? He is going to read the responses. Thank you. the best philosophy department in North American was University of Pittsburgh (Carnegie Mellon is fantastic...
by PhilosophyAndrew
Sat Jul 29, 2017 10:53 am
Forum: Personal Finance (Not Investing)
Topic: Philosophy major and future law student
Replies: 93
Views: 6110

Re: Philosophy major and future law stude

For the benefit of the OP, I note there is a very strong implicit conservative political bias to this advice on philosophy departments. If I had recommended he attend Harvard, Yale, or Stanford, would you have noted a very strong implicit liberal bias to this advice on philosophy departments? For t...
by PhilosophyAndrew
Sat Jul 22, 2017 7:18 pm
Forum: Personal Consumer Issues
Topic: Commuters (that drive), what do you listen to?
Replies: 60
Views: 3709

Re: Commuters (that drive), what do you listen to?

Usually NPR or BBC World Service news; occasionally an audiobook or SiriusXM’s FirstWave channel.
by PhilosophyAndrew
Thu Jul 13, 2017 12:43 pm
Forum: Personal Consumer Issues
Topic: Hotel tipping: how much to leave?
Replies: 72
Views: 4877

Re: Hotel tipping: how much to leave?

I leave a minimum of $5 per night per room and more when conditions warrant (for example, if I make the room especially dirty or if the housekeeper did any extra services for me).
by PhilosophyAndrew
Fri Feb 10, 2017 5:32 pm
Forum: Investing - Theory, News & General
Topic: NYT: Higher education institutions considering passive investing for endowments
Replies: 0
Views: 280

NYT: Higher education institutions considering passive investing for endowments

Other Boggleheads might be interested in this recent New York Times article, which discusses colleges and universities that are turning to passive investing to manage some of their endowment investments:

https://www.nytimes.com/2017/02/09/busi ... turns.html
by PhilosophyAndrew
Fri Feb 10, 2017 11:12 am
Forum: Local Chapters and Bogleheads Community
Topic: Your USER NAME...what does it mean?
Replies: 407
Views: 39597

Re: Your USER NAME...what does it mean?

Mine is my profession -- I'm a philosopher -- and my first name.
by PhilosophyAndrew
Mon Jan 09, 2017 7:18 pm
Forum: Personal Finance (Not Investing)
Topic: Best Financial Moves You've Made
Replies: 158
Views: 22456

Re: Best Financial Moves You've Made

My best financial moves were both educational, and each one pushes against what may be Booglehead orthodoxies about higher education (I'm about 30 years past my BA): (1) Earn my degrees in philosophy, which provided me with analysis, thinking, and communication skills that have proven extremely valu...
by PhilosophyAndrew
Sun Nov 13, 2016 12:26 pm
Forum: Personal Consumer Issues
Topic: Problem with Graduate School
Replies: 30
Views: 5056

Re: Problem with Graduate School

Lex, I'm really sorry that your daughter had such terrible experiences in her graduate program. As an academic -- I've served as professor, mid-level leader, and senior leader -- I would caution you that the culture of higher education makes it difficult for parents and students to force a financial...