Search found 391 matches

by onthecusp
Thu May 24, 2018 1:16 pm
Forum: Investing - Help with Personal Investments
Topic: Pre-Retirement Check
Replies: 15
Views: 1681

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: 315
Views: 31081

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: 315
Views: 31081

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: 7764

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: 1681

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: 2804

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: 5740

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: 1016

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: 9059

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: 4073

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: 4073

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: 59
Views: 12710

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: 5761

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: 5901

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: 6445

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: 4673

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: 5989

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: 12446

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: 958

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: 9671

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: 2378

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: 8810

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: 2927

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: 15826

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: 12310

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: 1616

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: 1616

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: 1083

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: 1083

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: 5693

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...
by onthecusp
Wed Apr 04, 2018 1:10 pm
Forum: Local Chapters and Bogleheads Community
Topic: Houston Chapter
Replies: 59
Views: 12710

Re: Houston Chapter

I'd like to join the fun.

East Pearland but I'm not bothered by any relatively central location.
by onthecusp
Wed Apr 04, 2018 1:04 pm
Forum: Personal Finance (Not Investing)
Topic: Problems understanding sale of LP units
Replies: 8
Views: 685

Re: Problems understanding sale of LP units

Many LP distributions are not taxable when paid, but when the units are sold they lower your basis, so increasing a gain or negating a loss. I'm not sure that explains everything though. That is a pretty big gain for a $3k investment.
by onthecusp
Wed Apr 04, 2018 12:51 pm
Forum: Investing - Theory, News & General
Topic: What can we learn from secret millionaires.
Replies: 93
Views: 16912

Re: What can we learn from secret millionaires.

That was a hilarious article. "I love having my dividends pay for whatever I want" said the lady with an $8MM portfolio.

That's $200,000 a year in dividends at a 2.5% rate.

I didn't learn anything except that some people get rich.
by onthecusp
Wed Apr 04, 2018 12:33 pm
Forum: Investing - Help with Personal Investments
Topic: senior investing
Replies: 26
Views: 1755

Re: senior investing

The Wizard wrote:
Wed Apr 04, 2018 12:33 pm
I'm thinking the OP will benefit from getting a paying job for the next few years, regardless of his current age...
+1
by onthecusp
Wed Apr 04, 2018 12:30 pm
Forum: Investing - Help with Personal Investments
Topic: senior investing
Replies: 26
Views: 1755

Re: senior investing

I am 68 yrs old and just fired my FA. (he lost me money ) I've read common sense, however I don't have 25yrs for my fortune to grow. I have 68,000 in my Roth IRA and about 120,000 in cash. What would be safe to invest in. My future earning power is limited due to health reasons. I need to supplemen...
by onthecusp
Tue Apr 03, 2018 9:47 pm
Forum: Investing - Help with Personal Investments
Topic: Seeking advice on implementing Paul Merriman's ultimate-buy-and-hold strategy
Replies: 16
Views: 2225

Re: Seeking advice on implementing Paul Merriman's ultimate-buy-and-hold strategy

Personally, I may just move straight to a 3 fund portfolio when I make the simplification move, which I plan on after retirement and account consolidation. onthecusp, It's fascinating that, after using Merriman's strategy and the rebalancing is not an issue, you want to move back to a 3 fund portfo...
by onthecusp
Mon Apr 02, 2018 10:58 am
Forum: Investing - Help with Personal Investments
Topic: POLL: Breaking up with advisor
Replies: 54
Views: 7304

Re: POLL: Breaking up with advisor

Helping an 80s year old family member with his accounts... in a high cost Ameriprise situation. Does anyone know if it is possible to cancel/fire an Ameriprise advisor but otherwise maintain all funds as-is with Ameriprise? There is one IRA account and one taxable brokerage account. (Wondering if t...
by onthecusp
Mon Apr 02, 2018 10:35 am
Forum: Investing - Help with Personal Investments
Topic: Too much cash...where to invest?
Replies: 13
Views: 2519

Re: Too much cash...where to invest?

With the current environment, we want to park that $240K into a relatively safe investment vehicle that will at least keep up with inflation. If by "current environment" you mean "stocks seem high priced" that is market timing thinking and not really useful. Your decision appears to be between a. a...
by onthecusp
Wed Mar 28, 2018 4:52 pm
Forum: Investing - Help with Personal Investments
Topic: Seeking advice on implementing Paul Merriman's ultimate-buy-and-hold strategy
Replies: 16
Views: 2225

Re: Seeking advice on implementing Paul Merriman's ultimate-buy-and-hold strategy

Thank you everyone for the feedback! heyyou, the link you provided is especially helpful. Thank you! I found Merriman before I found Bogleheads and so a significant part of my investments are distributed similar to his strategy. One problem I was never able to resolve was to find a fund that was bo...
by onthecusp
Wed Mar 28, 2018 2:16 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio evaluation
Replies: 38
Views: 2848

Re: Do I need to change anything?

People interested in retirement and particularly early retirement often use online calculators to help figure things out. There are many free ones that use various approaches. FireCalc is very popular: https://www.firecalc.com. I have spent many happy hours running FireCalc scenarios. :happy I trie...
by onthecusp
Tue Mar 27, 2018 10:06 am
Forum: Personal Finance (Not Investing)
Topic: My turn to ask - am I ready for retirement - can I say I'm FI?
Replies: 41
Views: 4608

Re: My turn to ask - am I ready for retirement - can I say I'm FI?

Forgot one thing. If you can be flexible in spending then you can say you are FI! Because you are!
by onthecusp
Tue Mar 27, 2018 10:03 am
Forum: Personal Finance (Not Investing)
Topic: My turn to ask - am I ready for retirement - can I say I'm FI?
Replies: 41
Views: 4608

Re: My turn to ask - am I ready for retirement - can I say I'm FI?

My own situation is really similar in age / assets/ SS expectations / spending expectations. I run firecalc with many different inputs (waiting to retire, SS at different ages, part time work, etc.). As you might expect from the different advice above, the base case is close to 100% (projected) succ...
by onthecusp
Wed Mar 21, 2018 10:17 am
Forum: Personal Finance (Not Investing)
Topic: Trust vs Will Gotchas
Replies: 20
Views: 2191

Re: Trust vs Will Gotchas

If it is the sort of trust where you are the trustee, you don't need that lawyer to be present in the future. You execute the trust according to it's terms. Now that does not mean you won't need a lawyer at all in doing so. We sold various pieces of property to close my parents trust and estate. One...
by onthecusp
Mon Mar 19, 2018 1:03 pm
Forum: Personal Finance (Not Investing)
Topic: Second Marriage & Beneficiaries Conundrum
Replies: 50
Views: 4408

Re: Second Marriage & Beneficiaries Conundrum

And I read the "Beyond the Grave" book, and found it chock full of how things can go wrong, and how people can cheat and not carry out your wishes, but precious light on what to do about it. At least it had lots of examples so you can think those through to discuss with lovely new wife! If you had ...
by onthecusp
Fri Mar 09, 2018 12:46 pm
Forum: Investing - Help with Personal Investments
Topic: Paying off mortgage vs. additional tax-advantaged retirement savings
Replies: 93
Views: 5698

Re: Paying off mortgage vs. additional tax-advantaged retirement savings

I'm going to add to the call for some bonds. While it might not have the same effects as a 70/30 allocation, something like 90/10 could be a gateway into understanding how bonds really operate and you don't want to be 100% stocks right up to retirement. Your risk tolerance is very high. That, your c...
by onthecusp
Wed Mar 07, 2018 4:08 pm
Forum: Investing - Help with Personal Investments
Topic: advice on my retirement
Replies: 11
Views: 2264

Re: advice on my retirement

Any reasons why you like the VTWSX or VXUS better than the other? So VTWSX is total world while VXUS is rest of the world not US. Either could be good, depending what you buy elsewhere. VTWSX is a good choice for all your equity in a 2 fund portfolio, but I think fund choices in your various accoun...
by onthecusp
Wed Mar 07, 2018 3:56 pm
Forum: Investing - Help with Personal Investments
Topic: Suggestions for retired couple
Replies: 8
Views: 1255

Re: Suggestions for retired couple

The LifeStrategy Income fund is 20% stocks and 80% bonds. This is not very tax efficient due to the bonds unless you are in the very lowest tax bracket Look at this https://www.bogleheads.org/wiki/Tax-efficient_fund_placement Lots of good info there, feel like I'm getting on the right track....than...
by onthecusp
Tue Mar 06, 2018 3:52 pm
Forum: Investing - Theory, News & General
Topic: What's that smell?
Replies: 41
Views: 6172

Re: What's that smell?

I'm within a year or so of retirement and a little dip continuation would not bother me at all. I don't think a recession is good for anyone. My saving rate is sky high right now and it has to last 30 years. I'm also a believer in the "4% rule or maybe higher after a dip" such as the Kitces article...
by onthecusp
Tue Mar 06, 2018 2:12 pm
Forum: Investing - Theory, News & General
Topic: What's that smell?
Replies: 41
Views: 6172

Re: What's that smell?

I'm within a year or so of retirement and a little dip continuation would not bother me at all. I don't think a recession is good for anyone. My saving rate is sky high right now and it has to last 30 years. I'm also a believer in the "4% rule or maybe higher after a dip" such as the Kitces article ...
by onthecusp
Tue Mar 06, 2018 2:00 pm
Forum: Investing - Help with Personal Investments
Topic: Brand New Boglehead-er with a crazy idea
Replies: 20
Views: 3136

Re: Brand New Boglehead-er with a crazy idea

pkcrafter mostly beat me to this but: Sounds like a good idea but difficult to find the right expertise while not finding someone who wants to sell their ongoing services and management fees. An open minded fee only advisor or a CPA? Negotiate a rate, maybe 16 hours at their normal rate for a 4 hour...