Search found 235 matches

by onthecusp
Wed Oct 18, 2017 9:13 am
Forum: Personal Finance (Not Investing)
Topic: 2 Commas, Seven Figure
Replies: 14
Views: 1387

Re: 2 Commas, Seven Figure

That is exciting! :sharebeer
by onthecusp
Tue Oct 17, 2017 5:13 pm
Forum: Personal Finance (Not Investing)
Topic: couple of questions regarding inflation and the 4% rule
Replies: 16
Views: 1450

Re: couple of questions regarding inflation and the 4% rule

If I actually follow that, I'll use the same as SS uses, because that is easy. I'll probably get stuck going over 4% because RMDs will force me into it sometime in my mid to upper 70's. I have a substantial ROTH, but the bulk of retirement money will be tax deferred. RMDs can't be converted to ROTH...
by onthecusp
Tue Oct 17, 2017 1:34 pm
Forum: Investing - Help with Personal Investments
Topic: seeking advice on asset allocation, or is Vanguard crazy
Replies: 26
Views: 2247

Re: seeking advice on asset allocation, or is Vanguard crazy

The most important lever in reaching your goal of $3-4 million will not be that of holding an extra 10% in equities, it will be that of how much you can save and continue saving over the next 20 years. You have $550K now, you have 20 years to go, adding another $18K per year is not going to get you...
by onthecusp
Tue Oct 17, 2017 9:30 am
Forum: Personal Finance (Not Investing)
Topic: Social Security - Maximizing a couples benefits
Replies: 35
Views: 2597

Re: Social Security - Maximizing a couples benefits

Op, I suggest you look into survivors benefits closely before making a decision. This can often be a strong decision criteria for planning. SSAnalyzer by Bedrock has been a really useful tool for me to compare approaches. I would pay careful attention to: - cash flow requirements - your age and exp...
by onthecusp
Mon Oct 16, 2017 1:29 pm
Forum: Personal Finance (Not Investing)
Topic: Bonus pushed back - should I be annoyed?
Replies: 43
Views: 3018

Re: Bonus pushed back - should I be annoyed?

Re: Bonuses going from 'extra' to 'entitlement'. Sure this is true, but companies know this too. In fact many, wittingly or not, encourage this mentality. When people are hired they are told about the great annual bonus with maybe a mention that it is not guaranteed but it has been paid x, y, z and ...
by onthecusp
Mon Oct 09, 2017 8:11 pm
Forum: Personal Finance (Not Investing)
Topic: Personal advice
Replies: 13
Views: 1786

Re: Personal advice

Most of your questions are beyond my experience. But after a question I have some advice anyway. :D How can you max out a 401k when you are paid on a 1099? I didn't think companies could offer such to "contract" employees. You have enough income to hire a good CPA who should be able to answer your q...
by onthecusp
Sat Oct 07, 2017 10:31 pm
Forum: Personal Finance (Not Investing)
Topic: Paternity/Maternity Leave & Its Influence on Career Trajectory
Replies: 23
Views: 1673

Re: Paternity/Maternity Leave & Its Influence on Career Trajectory

Congratulations!

That is a great benefit and you should use it, or at least a lot of it. Talk to the boss and work it out with him/her. In a year all will be water under the bridge, unless you have another!!
by onthecusp
Fri Oct 06, 2017 5:54 pm
Forum: Personal Finance (Not Investing)
Topic: Sell or keep shares of a private company?
Replies: 39
Views: 2168

Re: Sell or keep shares of a private company?

There are a few moving parts here, that's for sure. Just commenting on the valuation and offer. It seems that either the valuation is "optimistic" or the offer is low ball. The VC didn't challenge the valuation, who knows why, and gave you a "reason" for their offer. I think the reason is just a neg...
by onthecusp
Thu Oct 05, 2017 1:28 pm
Forum: Investing - Help with Personal Investments
Topic: Millionaire Next Door (Thank you Bogleheads)
Replies: 81
Views: 11063

Re: Millionaire Next Door (Thank you Bogleheads)

Yay for the Wellington's! :sharebeer
Sounds like you started early as a smart investor. :P
by onthecusp
Wed Oct 04, 2017 3:32 pm
Forum: Personal Finance (Not Investing)
Topic: another 2 comma club member
Replies: 48
Views: 4212

Re: another 2 comma club member

Congratulations! I'm getting close myself, it feels very solid / real now that it is invested in a Boglehead type of way.
by onthecusp
Wed Oct 04, 2017 12:56 pm
Forum: Investing - Theory, News & General
Topic: Crisis of Confidence - Choosing Bond allocations in portfolio
Replies: 24
Views: 1812

Re: Crisis of Confidence - Choosing Bond allocations in portfolio

I have the same concerns, but am constantly rebalancing into bonds with additional savings and an occasional sale to get back to my target allocation. If it goes the other way I'll buy stock and occasionally rebalance the other way.
by onthecusp
Wed Oct 04, 2017 12:49 pm
Forum: Investing - Help with Personal Investments
Topic: How much should an 18 year old keep in bonds?
Replies: 28
Views: 1386

Re: How much should an 18 year old keep in bonds?

I like that you have some in bonds, just to see how they work. You have a long time to use the results to inform your future AA. Great start! I have not heard a great case for international bonds, for short term swings, I expect they will be partially correlated to the international stock, due to cu...
by onthecusp
Wed Oct 04, 2017 10:28 am
Forum: Investing - Theory, News & General
Topic: CAPE As A Risk Management Tool
Replies: 7
Views: 707

Re: CAPE As A Risk Management Tool

Kitces put together some good analysis on this. For example: https://www.kitces.com/blog/should-equity-return-assumptions-in-retirement-projections-be-reduced-for-todays-high-shiller-cape-valuation/ As indicated in his reply in the comments at the bottom of that page his 'big conclusion' is not so m...
by onthecusp
Wed Oct 04, 2017 9:06 am
Forum: Investing - Theory, News & General
Topic: Shooting for the moon as a young investor
Replies: 19
Views: 1988

Re: Shooting for the moon as a young investor

Trouble with financial moon shots is that if they are successful you try another bigger one. Which ever one goes bad you are back in the same place, at the start, on the ground, at sea level. Much better to climb a series of financial hills, then low mountains. When one goes bad you roll back into t...
by onthecusp
Tue Oct 03, 2017 1:44 pm
Forum: Personal Finance (Not Investing)
Topic: Negotiated salary - then employer changed mind
Replies: 12
Views: 3223

Re: Negotiated salary - then employer changed mind

Yes, your ability to "walk away" is one of the strongest negotiating positions. In this case can you simply keep your current job, or at least go into the negotiation with that as an 'option' on the table? Surely that was one of the original options. If you stay in the current job can you avoid this...
by onthecusp
Tue Oct 03, 2017 1:03 pm
Forum: Personal Finance (Not Investing)
Topic: Cash in a local bank or credit union
Replies: 54
Views: 3286

Re: Cash in a local bank or credit union

For the past year or so, after getting taxable accounts at Fidelity, we've been keeping zero, except for what is in the checking account. Now, I like to minimize what is in checking as well, so I'm probably reviewing our balance too much for my liking when for various reasons I have let the checking...
by onthecusp
Tue Oct 03, 2017 11:12 am
Forum: Personal Finance (Not Investing)
Topic: Senior citizens can lose everything [to professional guardians via court rulings]
Replies: 111
Views: 9141

Re: Senior citizens can lose everything [to professional guardians via court rulings]

Another reason to have a strong power of attorney in place. I would like to discuss how a power of attorney would remedy this issue. A trusted relative with greater mental acuity had POA they might be able to fight this more effectively, but the subjects of the attack were unable to stop the procee...
by onthecusp
Tue Oct 03, 2017 9:35 am
Forum: Personal Finance (Not Investing)
Topic: Senior citizens can lose everything [to professional guardians via court rulings]
Replies: 111
Views: 9141

Re: Senior citizens can lose everything to this growing scam

That is horrible, what leeches! Apparently "guardianship" companies can petition a court and get complete control with very little if any due process. I didn't see any advice in that article on how to prevent this kind of thing. I suppose it might involve locking assets away in trusts and getting yo...
by onthecusp
Mon Oct 02, 2017 10:14 am
Forum: Investing - Theory, News & General
Topic: Buffett's idea of risk vs risk as in the formula: 'willingness, ability and need'
Replies: 50
Views: 2573

Re: Buffett's idea of risk vs risk as in the formula: 'willingness, ability and need'

Having scanned a lot of really interesting back and forth in this thread it appears to me that the OP is oscillating between various "all-in" supposed "best" investments for their situation. I would have them consider that balanced portfolios are ways to address a variety of risks. Pretty much the ...
by onthecusp
Sun Oct 01, 2017 11:05 pm
Forum: Personal Finance (Not Investing)
Topic: LTD: need some eyeballs and explanations [Long Term Disability]
Replies: 3
Views: 420

Re: LTD: need some eyeballs and explanations [Long Term Disability]

Not an expert in this by any means, but here is my experience. I've always worked in the corporate world and never considered buying LTD beyond the company provided 50% income replacement. And I did buy term life insurance far beyond the company one year life insurance. Now, maybe I was an irrespons...
by onthecusp
Sun Oct 01, 2017 5:37 pm
Forum: Investing - Theory, News & General
Topic: Buffett's idea of risk vs risk as in the formula: 'willingness, ability and need'
Replies: 50
Views: 2573

Re: Buffett's idea of risk vs risk as in the formula: 'willingness, ability and need'

Having scanned a lot of really interesting back and forth in this thread it appears to me that the OP is oscillating between various "all-in" supposed "best" investments for their situation. I would have them consider that balanced portfolios are ways to address a variety of risks. Pretty much the o...
by onthecusp
Fri Sep 29, 2017 11:08 am
Forum: Personal Finance (Not Investing)
Topic: Lost my job and looking for advice on next steps
Replies: 43
Views: 5197

Re: Lost my job and looking for advice on next steps

My view on the mortgage is not widely shared in this forum. I had even short term ARM (5 year) before the 2007-2008 housing bust. I managed to sell the property near the top of the market. We moved abroad for work while house was on the market. I value liquidity above retiring the loan. I am with R...
by onthecusp
Tue Sep 26, 2017 9:41 am
Forum: Investing - Help with Personal Investments
Topic: Investment Advice
Replies: 11
Views: 1214

Re: Investment Advice

Welcome to Bogleheads. Looks like you are doing well and it is time to learn a bit more. I don't see anything bad to take immediate action on, so follow the advice above and define the issues a little better for us. Expense ratios are important to anyone looking at the portfolio selections. As a gro...
by onthecusp
Tue Sep 26, 2017 9:14 am
Forum: Personal Finance (Not Investing)
Topic: Bogleheads monthly costs of dog ownership?
Replies: 83
Views: 5088

Re: Bogleheads monthly costs of dog ownership?

Which breed has the best Expense Ratio?
For that matter which definition applies?

ER(dog) = Annual Expenses / Purchase price + Initial Expenses
ER(dog) = Annual Expenses / "Value"
by onthecusp
Sun Sep 24, 2017 11:04 pm
Forum: Investing - Help with Personal Investments
Topic: Are all investments compound interest?
Replies: 50
Views: 2999

Re: Are all investments compound interest?

Thanks for all of your replies and answers. My question is this: If investments do not compound, why do all financial books have graphs on the "power of compounding"?? I still am not clear if the money I have in my Roth IRA at Vanguard with 740 shares of VFFVX (Vanguard Target Retirement 2055 Fund ...
by onthecusp
Thu Sep 21, 2017 7:35 pm
Forum: Personal Consumer Issues
Topic: Tips/Steps for selling a car
Replies: 19
Views: 1367

Re: Tips/Steps for selling a car

Your questions are kind of state dependent. 1. I'd read the words printed on the title and follow them. 2. In Texas it would be a good idea to get the buyers name address and phone number, then enter it on the website / form where you can disclaim ownership and say who bought it from you. 3. Does yo...
by onthecusp
Thu Sep 21, 2017 5:08 pm
Forum: Investing - Help with Personal Investments
Topic: I won the Lottery. Need sound advice.
Replies: 220
Views: 24029

Re: I won the Lottery. Need sound advice.

Financial Advisor Would your wife be comfortable with putting the "new money" in Vanguard, with their advisory service, for a year and comparing results? Something very simple like the Three fund portfolio. Enough to discuss asset allocation with the advisor and get a feel. Its just one idea. She ma...
by onthecusp
Thu Sep 21, 2017 3:22 pm
Forum: Personal Finance (Not Investing)
Topic: Flooded out subdivision
Replies: 17
Views: 1613

Re: Flooded out subdivision

I really don't think it is all doom and gloom for the neighborhood. Those that flood all the time, sure they are not going to be high end, but they are not high end now. Your neighborhood was never close in 40 years. Flood insurance is probably reasonable (my house is SE of Houston just outside belt...
by onthecusp
Thu Sep 21, 2017 1:38 pm
Forum: Personal Consumer Issues
Topic: Dilemma: To buy CPO car or long term rent a car or ship my car?
Replies: 13
Views: 891

Re: Dilemma: To buy CPO car or long term rent a car or ship my car?

You might be able to negotiate a better rental deal with a smaller owner operated rental outfit. A few years ago I was on a long term assignment away from home and the company made a deal with the local Rent a Wreck franchise. The car was about a year old and in great shape. I'd bring it to them for...
by onthecusp
Wed Sep 20, 2017 9:26 am
Forum: Investing - Help with Personal Investments
Topic: Age 40: Requesting Look At Portfolio
Replies: 22
Views: 3055

Re: Age 40: Requesting Look At Portfolio

What is your tax bracket, both federal and state? Will you be eligible for a significant pension? Does your 401k permit Roth contributions? I don’t make that much. Everything I’ve accomplished is on a shoestring. I’m barely single 25%. (I may not even hit $32,000 this year. We’ll see...) No. No. Yo...
by onthecusp
Mon Sep 18, 2017 1:00 pm
Forum: Personal Finance (Not Investing)
Topic: Let's talk about your FI # and family income [Financial Independence]
Replies: 165
Views: 15371

Re: Let's talk about your FI # and family income [Financial Independence]

If you made mid 6 figures (150 or 500, however you look at it) sure you can (and I do save a lot) but do you really want to quit at 30 and live in a rural are for the rest of your life? Medical risk flashes for me. I've saved agressively - roughly half my income since I started working but it takes...
by onthecusp
Sun Sep 17, 2017 6:25 pm
Forum: Personal Consumer Issues
Topic: Buying nightguards (teeth grinding)
Replies: 52
Views: 4185

Re: Buying nightguards (teeth grinding)

Either kind certainly take commitment and getting used to. I started with a dentist made hard plastic guard and it lasted me many years. After many adjustments over the years it eventually needed to be replaced and I now use the store bought athletic soft guards. I do a fair bit of modification to m...
by onthecusp
Wed Sep 13, 2017 11:31 am
Forum: Investing - Theory, News & General
Topic: Herd mentality
Replies: 40
Views: 2054

Re: Herd mentality

Back in the late 90s there were many articles espousing that people should buy what they know. Like coffee from that new chain? Buy Starbucks. Like your computer? Buy Apple or Microsoft. Like Old Navy clothes? Buy Gap stores. Like that big box store? Buy Best Buy. I think your neighbors joined that ...
by onthecusp
Tue Sep 12, 2017 3:06 pm
Forum: Investing - Help with Personal Investments
Topic: Investing parents nest egg -- any final thoughts?
Replies: 37
Views: 2682

Re: Investing parents nest egg -- any final thoughts?

Overall it looks like a well thought out plan, just a question to think about. I don't necessarily disagree with the 18 month money market "bucket", but how will that transition? Empty it then decide? Go for 12 months and top off if the market did well? The trouble with buckets is that it become an...
by onthecusp
Tue Sep 12, 2017 1:32 pm
Forum: Investing - Help with Personal Investments
Topic: Investing parents nest egg -- any final thoughts?
Replies: 37
Views: 2682

Re: Investing parents nest egg -- any final thoughts?

Overall it looks like a well thought out plan, just a question to think about. I don't necessarily disagree with the 18 month money market "bucket", but how will that transition? Empty it then decide? Go for 12 months and top off if the market did well? The trouble with buckets is that it become ano...
by onthecusp
Sun Sep 10, 2017 9:01 pm
Forum: Investing - Theory, News & General
Topic: Yes Virginia, you can lose money in bonds
Replies: 36
Views: 4787

Re: Yes Virginia, you can lose money in bonds

TIPS are there for unexpected inflation. As we saw in 1973-1974, inflation spikes are bad for stocks and are bad for bonds. Stocks do have a real return above inflation but there is sometimes a lag time between the inflation and when you get the adjustment for it in the price of stocks. In the case...
by onthecusp
Thu Sep 07, 2017 6:11 pm
Forum: Investing - Help with Personal Investments
Topic: How to Consider Pensions in Allocation Planning
Replies: 8
Views: 684

Re: How to Consider Pensions in Allocation Planning

Agree with those recommending a bond allocation (and re-balancing annually). The ride will be smoother and your son may learn good asset management in the process. I was always an all stock guy until discovering Bogleheads a year ago, reading a bunch on asset allocation, and owning some bond funds o...
by onthecusp
Wed Sep 06, 2017 1:15 pm
Forum: Personal Consumer Issues
Topic: Skiing the French Alps
Replies: 5
Views: 689

Re: Skiing the French Alps

Decades old information, but we liked La Plange. I believe we stayed in Belle Plange. It is off the big name radar but has huge long runs, reasonable grooming. Was pretty quiet from a nightlife standpoint but who knows now. My impression of Chamonix is like yours, beautiful in the summer. I think th...
by onthecusp
Wed Sep 06, 2017 11:39 am
Forum: Personal Consumer Issues
Topic: Locking hub nuts on a vehicle - worth having?
Replies: 24
Views: 1171

Re: Locking hub nuts on a vehicle - worth having?

I scrape my nice rims against the curb long before anyone tries to steal them. Its a Lose - Win situation. :D
by onthecusp
Wed Sep 06, 2017 11:32 am
Forum: Personal Finance (Not Investing)
Topic: Wife believes 7+% returns from stock market are guaranteed
Replies: 64
Views: 5727

Re: Wife believes 7+% returns from stock market are guaranteed

Congratulations on having the cash to buy a house. You now have zero P&I payments. This sort of tradeoff is debated a lot here so there are definitely points to be made on each side. With enough time I also expect those sort of returns from a balanced portfolio, but not consistently each and every y...
by onthecusp
Tue Sep 05, 2017 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: how often does high ACT score == scholarship?
Replies: 85
Views: 4887

Re: how often does high ACT score == scholarship?

About 12 years ago my son had similar grades and scores to the OP's son. He was offered full ride at Ohio University (which seemed to be doing great things in their computer science department) and loans at Ohio State. He chose OSU and loans that he is still paying off (I paid off my share). :x
by onthecusp
Wed Aug 16, 2017 8:45 pm
Forum: Investing - Help with Personal Investments
Topic: Which Audible book for Mom to convince her to get away from Raymond James
Replies: 19
Views: 1917

Re: Which Audible book for Mom to convince her to get away from Raymond James

You might try Tony Robbins Unshakable. Read/listen to it yourself first to be sure as I have not read it myself. It is available from audible.com. A friend started the path to Boggleheads, and away from their adviser, with a longer TR book, Money Master the Game. Unshakable seems to be shorter and m...
by onthecusp
Tue Aug 15, 2017 10:24 pm
Forum: Investing - Help with Personal Investments
Topic: Can we slow down then retire?
Replies: 25
Views: 4178

Re: Can we slow down then retire?

The more I do the math I realize: 1) one of us should collect ss early and one late 2) annuities give a dreadful return 3) one of us likely needs to keep working for health insurance reasons, which is a little depressing. 1) That is often the conclusion. I like http://www.bedrockcapital.com/ssanaly...
by onthecusp
Wed Aug 09, 2017 2:04 pm
Forum: Personal Finance (Not Investing)
Topic: Planning for my Wife - Introductory Post & First Question
Replies: 23
Views: 3145

Re: Planning for my Wife - Introductory Post & First Question

Sorry about your new condition. For your wife I think you are on the right track. If the concern is primarily taxes, a CPA might be too much for your situation. I think you might find someone with IRS "Enrolled Agent" credentials and visit them with your wife, explaining the issues. Set up a twice a...
by onthecusp
Wed Aug 09, 2017 1:33 pm
Forum: Investing - Theory, News & General
Topic: 4% Rule has changed.....not
Replies: 80
Views: 8551

Re: 4% Rule has changed.....not

Four 20% declines is an overall 60% decline. That is huge and might even be a record multi-year bear since before the great depression. It is possible but not something I am going to plan for because then where do I stop? Five 20% declines? Six? Nuclear war? Any rule, like the 4% rule, that is defin...
by onthecusp
Wed Aug 09, 2017 12:08 pm
Forum: Personal Consumer Issues
Topic: Time to leave our dentist??
Replies: 54
Views: 6392

Re: Time to leave our dentist??

I've posted numerous times on this forum every time I see a dental post. It amazes me at the number of people who are quick to suggest a dentist is diagnosing out of "need for money" or to pay a new office off. Sure, there are a few dentists out there who may practice this way. The VAST majority ha...
by onthecusp
Mon Aug 07, 2017 4:59 pm
Forum: Investing - Help with Personal Investments
Topic: Checkup for 74 yr old MIL
Replies: 6
Views: 851

Re: Checkup for 74 yr old MIL

If the mortgage payment comes out of the $50,000 required income it looks like she is in great shape which ever way she goes on paying off the mortgage. Kudos for the set up 2 years ago. :D Looks like it is closer to 50:50 than 60:40 at the moment. I think either is fine but you should decide on a r...
by onthecusp
Thu Aug 03, 2017 3:58 pm
Forum: Investing - Help with Personal Investments
Topic: Young, first time investor
Replies: 11
Views: 1119

Re: Young, first time investor

I think a Roth is more flexible (vs. 401k or a regular IRA). It is good advice IMHO. You can withdraw your contributions from a Roth at any time (but not any returns/growth). The advantage of the Roth is that the growth is then tax free and it is a great place to start because of the flexibility. Mu...