Search found 411 matches

by onthecusp
Thu Jul 19, 2018 2:45 pm
Forum: Investing - Theory, News & General
Topic: I may have understood why it's so hard to save and invest
Replies: 52
Views: 5562

Re: I may have understood why it's so hard to save and invest

This is one advantage of automating the process. Do the work once to have the money automatically taken out of your paycheck (or bank account). Then you can sit back and relax while you slowly build up your investments. Try not to look at the balance too often, especially when the market is going d...
by onthecusp
Wed Jul 18, 2018 1:31 pm
Forum: Local Chapters and Bogleheads Community
Topic: Houston Chapter
Replies: 69
Views: 14372

Re: Houston Chapter

Also OK for me.
by onthecusp
Tue Jul 17, 2018 2:19 pm
Forum: Local Chapters and Bogleheads Community
Topic: Houston Chapter
Replies: 69
Views: 14372

Re: Houston Chapter

Let's pencil in 07/21 for the July meetup around 2-ish? Hopefully the weather is better. I'm thinking West Alabama Icehouse unless someone has a better idea. Anyone following this thread please feel free to inbox me. I can make the 21st, but based on the last two replies would it make sense to move...
by onthecusp
Mon Jul 16, 2018 5:28 pm
Forum: Personal Consumer Issues
Topic: Why own a bed?
Replies: 140
Views: 8927

Re: Why own a bed?

Having done a thorough analysis over the last 20 seconds or so, I believe that owning a bed is crucial to the success of my retirement plans. Leasing is just too expensive. All the plans I have found, on such applicable sites as hotels.com or airBnb, package a bed with doors, roof, and even addition...
by onthecusp
Mon Jul 16, 2018 9:19 am
Forum: Personal Finance (Not Investing)
Topic: FireCalc: How big a grain of salt?
Replies: 58
Views: 4407

Re: FireCalc: How big a grain of salt?

... since one of my primary goals is to maximize things in the early years when I am still healthy and active. But everyone should go with an approach they are comfortable with since they are the one who has to live with the outcome. I think this is key to interpreting the FireCalc results. I run m...
by onthecusp
Fri Jul 06, 2018 4:49 pm
Forum: Local Chapters and Bogleheads Community
Topic: Houston Chapter
Replies: 69
Views: 14372

Re: Houston Chapter

Thanks for coming! Enjoyed the conversation and various perspectives today. Just finished bookmarking some articles and blog posts to read later. Next Chapter Meetup will be in July (either 07/07 or 07/21). I am thinking a local ice house in the early afternoon since Houston summer will be in full ...
by onthecusp
Fri Jun 29, 2018 8:48 pm
Forum: Personal Consumer Issues
Topic: Buying and selling house in Western NY..Bank or mortgage broker?
Replies: 14
Views: 708

Re: Buying and selling house in Western NY..Bank or mortgage broker?

As others have said you really have to shop around. The best deals can be anywhere. My formula is 1. Select if you want 30 or 15 year fixed. Other options also exist but that is the usual choice. 15 year gets you a little better rate but the payments are higher. 30 gets you lower payments, you can p...
by onthecusp
Thu Jun 28, 2018 4:12 pm
Forum: Personal Consumer Issues
Topic: Used Hearing Aids
Replies: 8
Views: 605

Re: Used Hearing Aids

Hearing tracker is a good forum on all things hearing aids. https://forum.hearingtracker.com/ There is a sub forum on self programming aids where buying used is discussed. The search function is pretty good too. It sounds pretty complicated but do-able. It may be an issue to find an audiologist will...
by onthecusp
Thu Jun 21, 2018 10:16 am
Forum: Investing - Help with Personal Investments
Topic: calculator to get to desire $$$
Replies: 18
Views: 1469

Re: calculator to get to desire $$$

Oh, I forgot about another favorite. It is a little harder to use. The "equivalent" growth calculator chart would be here.

https://portfoliocharts.com/portfolio/portfolio-growth/
by onthecusp
Thu Jun 21, 2018 10:08 am
Forum: Investing - Help with Personal Investments
Topic: calculator to get to desire $$$
Replies: 18
Views: 1469

Re: calculator to get to desire $$$

I would use firecalc as described by dbr. Portfolio visualizer is also a great program and very flexible. Might be a little more suitable for what you want. With either one you will see that you don't actually get a single number / date that is fixed in stone. There is a likely range of outcomes. F...
by onthecusp
Wed Jun 20, 2018 11:06 am
Forum: Investing - Help with Personal Investments
Topic: Struggling - Seeking Advice to Get On Track
Replies: 93
Views: 5745

Re: Struggling - Seeking Advice to Get On Track

I have made my situation sound a bit more dire than it really is.... if I lost my job tomorrow I could still make my mortgage payment just not in an accelerated fashion even with a job that pays me half of what I make today. It really sounds like to me that as far as investing goes - I have several...
by onthecusp
Wed Jun 20, 2018 9:41 am
Forum: Investing - Help with Personal Investments
Topic: Struggling - Seeking Advice to Get On Track
Replies: 93
Views: 5745

Re: Struggling - Seeking Advice to Get On Track

Welcome! Congratulations on getting out of all your bad debt and starting to get a handle on the next phase of accumulation and investing. You are not too late, just not very early, in creating a good retirement without working the rest of your life. Mortgage payoff advice here is likely to be 50/50...
by onthecusp
Mon Jun 18, 2018 10:51 pm
Forum: Investing - Theory, News & General
Topic: Very confused with the current market
Replies: 93
Views: 8735

Re: Very confused with the current market

I'm betting the market will go down and up. http://www.savingadvice.com/forums/picture.php?albumid=188&pictureid=421 If you average the last 4 bull market lengths in that chart you get 9.9 years! Going back to the 70s! Brilliant! I guess that means that if I sell after a 10 year run on average I wo...
by onthecusp
Mon Jun 18, 2018 10:28 pm
Forum: Personal Consumer Issues
Topic: Article on hotel booking sites - no bargains
Replies: 38
Views: 3934

Re: Article on hotel booking sites - no bargains

I only use the aggregated booking sites for areas without my two favorite chains.
by onthecusp
Mon Jun 18, 2018 10:13 pm
Forum: Personal Consumer Issues
Topic: Which Supermarket are you?
Replies: 155
Views: 8393

Re: Which Supermarket are you?

HEB, Walmart, Costco and Kroger pretty much in that order. I like to go to some of the Asian and Middle Eastern markets around too. We have an Aldi nearby but have never gone there. Went to one in Ohio a few times but never found a compelling reason to frequent it. I'd try it again if I had more tim...
by onthecusp
Mon Jun 18, 2018 2:21 pm
Forum: Personal Finance (Not Investing)
Topic: Lost job. Take early SS or draw from accounts?
Replies: 54
Views: 6051

Re: Lost job. Take early SS or draw from accounts?

With bogleheads style investing (not a given I'm afraid) it appears a more realistic monthly spend would be $3000 in her current situation. IMHO waiting on SS as long as possible, until at least FRA, would be right for her because an inability to trim spending will make the savings disappear, waitin...
by onthecusp
Thu Jun 14, 2018 1:24 pm
Forum: Investing - Theory, News & General
Topic: Recommendations for specific "Boglehead-like" podcast episodes (for elderly mother)
Replies: 19
Views: 1520

Re: Recommendations for specific "Boglehead-like" podcast episodes (for elderly mother)

Paul Merriman has some pretty good advice, speaks clearly and understandably, but there are lots of podcasts to choose from. You probably also need to avoid descriptions of his Ultimate buy and hold portfolio, not because it is bad IMHO, but because you and your mother probably need to head for more...
by onthecusp
Thu Jun 14, 2018 12:34 pm
Forum: Investing - Help with Personal Investments
Topic: calculator to get to desire $$$
Replies: 18
Views: 1469

Re: calculator to get to desire $$$

I would use firecalc as described by dbr.

Portfolio visualizer is also a great program and very flexible. Might be a little more suitable for what you want.

With either one you will see that you don't actually get a single number / date that is fixed in stone. There is a likely range of outcomes.
by onthecusp
Wed Jun 13, 2018 8:23 pm
Forum: Investing - Help with Personal Investments
Topic: Taking $1M+ Long Term Capital Gains
Replies: 73
Views: 7745

Re: Taking $1M+ Long Term Capital Gains

viewer0, Not sure why people are having trouble with your plan of moving these investments to an index fund. Seems pretty bogleheadish to me. You have done well and recognize that excessively good things will likely come to an end (the old risk / reward balance). The smart thing to do with a large a...
by onthecusp
Tue Jun 12, 2018 1:31 pm
Forum: Local Chapters and Bogleheads Community
Topic: Post your Financial Milestone Announcements Here
Replies: 424
Views: 41349

Re: Post your Financial Milestone Announcements Here

Good evening all, I’ve followed this thread for several months and am very grateful and humbled to be able to add my own milestone. I just 500k networth- reflecting on the road, it’s been a crazy year; I negotiated a severance, started a new job, am re-learning how to be single, trying to prioritiz...
by onthecusp
Thu May 24, 2018 1:16 pm
Forum: Investing - Help with Personal Investments
Topic: Pre-Retirement Check
Replies: 15
Views: 1808

Re: Pre-Retirement Check

ThrowAway100 wrote:
Fri May 18, 2018 11:46 pm
We could cut back if we had to. But we don't want to have to. :)
Ha my thoughts exactly! :happy
by onthecusp
Thu May 24, 2018 10:14 am
Forum: Local Chapters and Bogleheads Community
Topic: Post your Financial Milestone Announcements Here
Replies: 424
Views: 41349

Re: Post your Financial Milestone Announcements Here

Two commas in the retirement accounts about two weeks ago. Still saving strong. :D Great job onthecusp :sharebeer can you share some insights like when you started to save & how much you save on average ? Thanks ! Thanks Newbie, I appreciate it. My story is not very Bogleheadish until recently. As ...
by onthecusp
Wed May 23, 2018 3:28 pm
Forum: Local Chapters and Bogleheads Community
Topic: Post your Financial Milestone Announcements Here
Replies: 424
Views: 41349

Re: Post your Financial Milestone Announcements Here

Two commas in the retirement accounts about two weeks ago. Still saving strong. :D
by onthecusp
Tue May 22, 2018 11:26 pm
Forum: Investing - Help with Personal Investments
Topic: Newly widowed, how do I invest 1.5 million life ins. proceeds
Replies: 72
Views: 8179

Re: Newly widowed, how do I invest 1.5 million life ins. proceeds

So sorry about your loss. There is much to work through and lots of good advice above. You have already sidestepped a land mine on the annuity. I second (third, fourth or fifth) Vanguard. You can post the advice they give you here for comments as well. (If somehow the free advice is not enough then ...
by onthecusp
Fri May 18, 2018 8:24 pm
Forum: Investing - Help with Personal Investments
Topic: Pre-Retirement Check
Replies: 15
Views: 1808

Re: Pre-Retirement Check

Similarly I ran my understanding of your numbers in Firecalc, assuming a 140,000 gross income to allow for taxes and paying healthcare. I used the flat spending adjusted for inflation assumption. It took two to three more years of saving at your current rate to hit 95% confidence. How do you feel ab...
by onthecusp
Thu May 17, 2018 9:47 pm
Forum: Personal Consumer Issues
Topic: Hot food flavoring (sauces, spices and peppers)
Replies: 51
Views: 3232

Re: Hot food flavoring (sauces, spices and peppers)

I used to like really hot, but have backed off quite a bit. I enjoy the taste of habanero but most habanero sauces are way too hot. My current favorite for hot but not overwhelming (to me) is the El Yucatano Green Habanero. Pretty cheap in Wal-Mart and widely available compared to a lot of sauces. P...
by onthecusp
Thu May 17, 2018 1:31 pm
Forum: Investing - Help with Personal Investments
Topic: How do you quantify the risk differential between 85/15 and 70/30?
Replies: 70
Views: 6071

Re: How do you quantify the risk differential between 85/15 and 70/30?

Not as useful for planning as siamond's analysis, I've found Merriman's tables to be interesting snapshots of the year to year volatility of different asset allocations. Here is one based on S&P500 vs bonds, but there are others on his site. https://paulmerriman.com/wp-content/uploads/2018/02/2018SP...
by onthecusp
Wed May 16, 2018 4:30 pm
Forum: Investing - Help with Personal Investments
Topic: Percent Confidence in Planning Scenario
Replies: 27
Views: 1133

Re: Percent Confidence in Planning Scenario

I've run a bunch of different assumptions through Firecalc. One thing I notice is that when retiring well before taking Social Security (my only source or "fixed income"), then what failures I get come early. This is because the spending from assets is front loaded and more subject to sequence of ev...
by onthecusp
Tue May 15, 2018 1:23 pm
Forum: Local Chapters and Bogleheads Community
Topic: Yes, I'm 89 all right! [Jack Bogle]
Replies: 126
Views: 10482

Re: Yes, I'm 89 all right!

Happy birthday and thanks for starting the snowball down the hill!
by onthecusp
Tue May 15, 2018 1:20 pm
Forum: Investing - Help with Personal Investments
Topic: How to Invest $600K for Retirees
Replies: 26
Views: 4303

Re: How to Invest $600K for Retirees

Good luck with your education. I'm certain that doing it for your parents adds another level of concern and complexity to any decisions. For the start of much more information we would be remiss not to mention the bogleheads wiki. https://www.bogleheads.org/wiki/Getting_started You don't have to do ...
by onthecusp
Mon May 14, 2018 1:39 pm
Forum: Investing - Help with Personal Investments
Topic: How to Invest $600K for Retirees
Replies: 26
Views: 4303

Re: How to Invest $600K for Retirees

I would consider a 50/50 portfolio of a Total US Equity fund and a Total US Bond fund. That should provide them with 4% of the initial balance + inflation for the rest of their days even if markets do melt down. Just because stock markets are up does not mean they will not continue to go up, even if...
by onthecusp
Sat May 12, 2018 1:11 pm
Forum: Local Chapters and Bogleheads Community
Topic: Houston Chapter
Replies: 69
Views: 14372

Re: Houston Chapter

Hi everyone: Time and location for the next Houston meetup: Saturday May 12, 2018, 10:30 am Le Peep (Woodway location) 5750 Woodway Dr #162, Houston, TX 77057 It's a quiet non-trendy brunch place that shouldn't be too busy. Let me know if you can make it. Inbox me for contact info to coordinate. Th...
by onthecusp
Fri Apr 27, 2018 12:29 pm
Forum: Personal Consumer Issues
Topic: How can I get a passport?
Replies: 64
Views: 6095

Re: How can I get a passport?

I'm about to renew my nearly 15-year-old passport simply by mailing in my old one with a new picture and an application. Another few weeks and I'd have to apply in person at nearest passport office. I'm in a small town in the boonies, so this would probably mean driving to one of the cities an hour...
by onthecusp
Thu Apr 26, 2018 5:11 pm
Forum: Personal Consumer Issues
Topic: Learning to drive a stick [car with manual transmission]
Replies: 126
Views: 6542

Re: Learning to drive stick

I learned by borrowing a friend's car. He didn't know! I don't recommend that, but I had a very good idea of the basic concept and everything was great until that steep hill with a stop sign. Getting a lesson is a good idea. Realize that different cars will act a little differently. Some clutches en...
by onthecusp
Thu Apr 26, 2018 2:13 pm
Forum: Investing - Theory, News & General
Topic: White Coat Investor Interviews Paul Merriman
Replies: 37
Views: 6720

Re: White Coat Investor Interviews Paul Merriman

Yes, thank you Mr. Merriman. Your site set me straight on reasonable diversification and asset allocation with bonds. After that I found Bogleheads and enjoy a variety of well reasoned debate around the edges.

My two favorite sites!
by onthecusp
Wed Apr 25, 2018 9:39 am
Forum: Personal Finance (Not Investing)
Topic: How far I am behind in retirement savings?
Replies: 52
Views: 4903

Re: How far I am behind in retirement savings?

Agree with the other posters about resolving some of the questions to get greater assurance. Casually, I think you are doing well. I put some guesses based on the limited info into firecalc, increased spending a bit, cut social security to 10,000, starting about age 70. And that puts you on the edge...
by onthecusp
Wed Apr 25, 2018 9:13 am
Forum: Personal Finance (Not Investing)
Topic: Who benefits from "best and final offer" on condo?
Replies: 107
Views: 6508

Re: Who benefits from "best and final offer" on condo?

I find in negotiations that it is always best to look to myself about what I'm willing to do first. Then take the other side at their word. They said best and final offer, and in this case they meant it. They were not looking to play one side off the other and probably felt honorable and happy to pu...
by onthecusp
Tue Apr 24, 2018 9:42 am
Forum: Investing - Help with Personal Investments
Topic: What happens when you speak in TICKER language.
Replies: 139
Views: 12875

Re: A Rant about Ticker Speak

nisiprius wrote:
Tue Apr 24, 2018 9:25 am
100% VTSAX wrote:
Tue Apr 24, 2018 9:23 am
Does this mean I have to change my username? :mrgreen:
Only if you drop below $10,000. :D
LOL
(Laugh Out Loud Inc.)
by onthecusp
Mon Apr 23, 2018 4:42 pm
Forum: Investing - Theory, News & General
Topic: [essay] The Limits of Theory
Replies: 10
Views: 1011

Re: [essay] The Limits of Theory

A theory is necessarily a "model" with a certain degree of abstraction. It needs to be understood, in order to be applied effectively. It is not a step by step prescription to be followed blindly. Unfortunately, it is in human nature to look for definite, easy, recipes to achieve an objective. Most...
by onthecusp
Sat Apr 21, 2018 7:02 pm
Forum: Personal Finance (Not Investing)
Topic: Inheritance Changing Lifestyle
Replies: 79
Views: 10119

Re: Inheritance Changing Lifestyle

So far your wife wants to increase spending some minor amount, and your comments indicate money is not really the issue. You also say your issue with it is clutter and that can be a real problem but is it going to go that far? Could you discuss it in a manner where you say that you like the unclutte...
by onthecusp
Thu Apr 19, 2018 12:51 pm
Forum: Investing - Help with Personal Investments
Topic: Financial planners [looking for one]
Replies: 30
Views: 2550

Re: Financial planners [looking for one]

The best financial advice is likely to sound pretty much like a script. I know the idea of an expert telling you what to do is seductive but you have to answer as many questions (if the advice is any good) as if you read the Bogleheads Wiki on any subject you might like. The "experts" who make their...
by onthecusp
Wed Apr 18, 2018 3:38 pm
Forum: Personal Finance (Not Investing)
Topic: 2.5% Withdrawal for 50 Years With 50/50 Portfolio?
Replies: 121
Views: 9522

Re: 2.5% Withdrawal for 50 Years With 50/50 Portfolio?

I'd be absolutely comfortable with that.

I'd expect to have over 4 million in 10 years and reassess my spending or giving upward.

Even after a 35% drawdown in a horrible market next year you would be under a 4% withdrawal going forward. At 50/50 it would be hard to lose 35% in one year.
by onthecusp
Wed Apr 18, 2018 3:21 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: What Hampers Pension Plans
Replies: 30
Views: 3061

Re: Larry Swedroe: What Hampers Pension Plans

There's a reason I discount defined benefits for my planning based upon their funding level -- yes, including Social Security. It's actually somewhat funny/depressing that the best-funded defined benefit for us is the PBGC owned pension from a prior, now bankrupt, employer... The question in the en...
by onthecusp
Mon Apr 16, 2018 1:21 pm
Forum: Investing - Theory, News & General
Topic: Trinity Study updated to 2018
Replies: 156
Views: 16685

Re: Trinity Study updated to 2018

Excellent, concise article.

Thanks.
by onthecusp
Fri Apr 13, 2018 10:20 am
Forum: Personal Consumer Issues
Topic: How Far is too Far, Commuting?
Replies: 211
Views: 13292

Re: Work Commute: How far is too far?

Two hours would be too much as far as I'm concerned. I would not do it for more than a month or two and then only in dire circumstances. An hour is pretty tolerable when a fair bit is by public transportation that you can relax and read or sleep. That would not apply to a route with multiple transfe...
by onthecusp
Thu Apr 12, 2018 9:50 am
Forum: Personal Finance (Not Investing)
Topic: 0% credit card to pay off student loan?
Replies: 25
Views: 1743

Re: 0% credit card to pay off student loan?

Gotcha's in using the 0% offers (been there done that). 1. The initial fee anywhere from 2 to 5%. This was mentioned above. Because most of these offers are for a year of "0 rate" that is the rate you pay for the first year. But get this, you pay that rate on the initial, not the declining, balance...
by onthecusp
Thu Apr 12, 2018 9:49 am
Forum: Personal Finance (Not Investing)
Topic: 0% credit card to pay off student loan?
Replies: 25
Views: 1743

Re: 0% credit card to pay off student loan?

Gotcha's in using the 0% offers (been there done that). 1. The initial fee anywhere from 2 to 5%. This was mentioned above. Because most of these offers are for a year of "0" that is the rate you pay for the first year. But get this, you pay that rate on the initial, not the declining, balance. So t...
by onthecusp
Wed Apr 11, 2018 9:54 am
Forum: Investing - Help with Personal Investments
Topic: I'm thinking about annuities. Tell me if this makes sense.
Replies: 10
Views: 1154

Re: I'm thinking about annuities. Tell me if this makes sense.

the popular advice re annuities seems to be to start at 70. But if in 6 months you still want to start the process I don't see a compelling reason to wait. I thought the advice was that you don't start to take the money from the annuity income stream before age 70, but that when buying deferred ann...
by onthecusp
Tue Apr 10, 2018 3:16 pm
Forum: Investing - Help with Personal Investments
Topic: I'm thinking about annuities. Tell me if this makes sense.
Replies: 10
Views: 1154

Re: I'm thinking about annuities. Tell me if this makes sense.

Sorry for your loss. It is a difficult time.

In support of the idea of waiting, the popular advice re annuities seems to be to start at 70.
But if in 6 months you still want to start the process I don't see a compelling reason to wait.
by onthecusp
Tue Apr 10, 2018 10:09 am
Forum: Investing - Theory, News & General
Topic: Retirees: Who's increasing their equities as they age?
Replies: 74
Views: 5976

Re: Retirees: Who's increasing their equities as they age?

Been thinking about increasing my equity side a bit. The last time I thought about that was around 2007 (years before retirement), but my point is that long periods of a rising stock market due tend to make one "think about increasing my equity side a little." I eventually decided not to. I was gla...