Search found 139 matches

by ebrasmus21
Mon Nov 27, 2017 8:01 pm
Forum: Investing - Help with Personal Investments
Topic: Avoid tax on Roth earnings
Replies: 9
Views: 943

Re: Avoid tax on Roth earnings

FiveK and LeeMKE - thank you both for your replies. I'm learning all the time being on this board :sharebeer :moneybag
by ebrasmus21
Mon Nov 27, 2017 7:11 pm
Forum: Investing - Help with Personal Investments
Topic: Avoid tax on Roth earnings
Replies: 9
Views: 943

Re: Avoid tax on Roth earnings

In 2018, I expect to drop into the 15% marginal bracket and return to 25% (no tax law change assumed) in 2020 due to RMDs and increased SS income. I'm planning to convert funds up to the top of the 15% bracket in 2018 & 2019. Please assume that there's no chance that I will want to re-characterize ...
by ebrasmus21
Sun Nov 26, 2017 7:01 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle's Future Growth Projection
Replies: 15
Views: 1790

Re: Jack Bogle's Future Growth Projection

That's going to really suck if Jack ends up being right. If you look hard enough you can find him making these same predictions year after year since after the crash in 2008. Jack is a great man but when it comes to predicting the stock market future he is about as right as a broken watch. Warren B...
by ebrasmus21
Sun Nov 26, 2017 4:27 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle's Future Growth Projection
Replies: 15
Views: 1790

Re: Jack Bogle's Future Growth Projection

That's going to really suck if Jack ends up being right. This is why many of us are increasing our allocations to International stocks. Future expected returns there are higher, particularly for emerging markets. Hopefully my 401K will get a good international fund option soon. In my tIRA I'm using...
by ebrasmus21
Wed Nov 22, 2017 12:33 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle's Future Growth Projection
Replies: 15
Views: 1790

Re: Jack Bogle's Future Growth Projection

That's going to really suck if Jack ends up being right. A few percentage a year above bonds is a reasonable equity risk premium, maybe even more given volatility these days. Any positive return would be nice. Many actually (and not the permabears) are more pessimistic. In any case, the actual outc...
by ebrasmus21
Wed Nov 22, 2017 12:08 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle's Future Growth Projection
Replies: 15
Views: 1790

Re: Jack Bogle's Future Growth Projection

That's going to really suck if Jack ends up being right.
by ebrasmus21
Thu Nov 09, 2017 5:00 pm
Forum: Personal Finance (Not Investing)
Topic: Interviewing at a former employer, should I give them my current salary when they ask?
Replies: 94
Views: 6034

Re: Interviewing at a former employer, should I give them my current salary when they ask?

It's a straightforward question. Just answer it, and make your compensation expectations clear. Dancing around this just makes you look bad. It's a straightforward question but I think its seldom asked with benefiting the interviewee in mind (this may have been addressed in the thread already so my...
by ebrasmus21
Thu Nov 09, 2017 4:10 pm
Forum: Personal Finance (Not Investing)
Topic: Interviewing at a former employer, should I give them my current salary when they ask?
Replies: 94
Views: 6034

Re: Interviewing at a former employer, should I give them my current salary when they ask?

I've been in my current position for two years now. While going through the interview process my boss asked me for my salary requirements . I gave him my answer and asked if the position budgeted for the amount I named (which it did since I'm here). Later on, after several interviews I was asked for...
by ebrasmus21
Sun Nov 05, 2017 12:43 pm
Forum: Investing - Theory, News & General
Topic: Bogleheads philosophy invades the NFL
Replies: 7
Views: 998

Re: Bogleheads philosophy invades the NFL

lostdog wrote:
Sun Nov 05, 2017 12:40 pm
I posted an article similar to this in the past and it got locked.
Why did it get locked?
by ebrasmus21
Tue Oct 31, 2017 12:25 pm
Forum: Investing - Theory, News & General
Topic: Identifying failure cycles in FIRECalc
Replies: 6
Views: 838

Re: Identifying failure cycles in FIRECalc

I can't answer that question but I'd also like to know. I've been trying to use FIREcalc running scenarios even though I'm 30+ years out from retirement. I think maybe I don't fully understand how to run the simulations yet because I basically get a 100% success rate unless I run a preposterous simu...
by ebrasmus21
Mon Oct 30, 2017 2:41 pm
Forum: Personal Finance (Not Investing)
Topic: we bought a house - are we housepoor now?
Replies: 195
Views: 9221

Re: we bought a house - are we housepoor now?

... A train wreck I cannot look away from.
by ebrasmus21
Mon Oct 30, 2017 9:40 am
Forum: Personal Finance (Not Investing)
Topic: we bought a house - are we housepoor now?
Replies: 195
Views: 9221

Re: we bought a house - are we housepoor now?

What a fascinating thread. I'm getting the feeling OP wishes he/she didn't ever start this topic.
by ebrasmus21
Fri Oct 27, 2017 4:20 pm
Forum: Personal Consumer Issues
Topic: Best watch for around $5,000?
Replies: 1061
Views: 256997

Re: Best watch for around $5,000?

"He who does not have his Rolex by the Age of 50 id a Failure." Wow, good for me, just made it at 50 when in 1990 I bought a Rolex at Itewon in Seoul for $25. I used to play golf with a retired jewelry store owner. He said the "cheaper" Rolex's were called, "Faulex". :shock: My most expensive watch...
by ebrasmus21
Fri Oct 27, 2017 11:39 am
Forum: Personal Consumer Issues
Topic: Best watch for around $5,000?
Replies: 1061
Views: 256997

Re: Best watch for around $5,000?

Jack's Rolex will certainly go for a healthy sum but me thinks not $17M+

https://www.hodinkee.com/videos/talking ... k-nicklaus
by ebrasmus21
Fri Oct 27, 2017 11:08 am
Forum: Personal Finance (Not Investing)
Topic: First Time Home Buyer Products
Replies: 15
Views: 1294

Re: First Time Home Buyer Products

Yes, there are "innovative" loan products for first time buyers. 0-3% down mortgages come to mind. Generally I don't like the first time buyer programs because they bring marginal buyers into the market who stretch too far to be a "home owner". When we start seeing goofy new "innovative" loans to h...
by ebrasmus21
Fri Oct 27, 2017 9:55 am
Forum: Personal Consumer Issues
Topic: Going to SF, Yosemite and Sacramento and NOW PORTLAND
Replies: 49
Views: 2404

Re: Going to SF, Yosemite and Sacramento

I agree with Carefree - weather permitting the hike up to Nevada Falls is glorious. Depending on fitness levels it takes a good couple hours up to the top with a good chunk of that distance being granite step after granite step. Be prepared to climb a few flights of stairs. It's really an incredible...
by ebrasmus21
Thu Oct 26, 2017 10:07 pm
Forum: Personal Finance (Not Investing)
Topic: First Time Home Buyer Products
Replies: 15
Views: 1294

Re: First Time Home Buyer Products

gougou wrote:
Thu Oct 26, 2017 2:54 pm
10% down, 80% first mortgage and 10% second mortgage to avoid mortgage insurance? I know one of my friend did this.
That's a thing people do, huh? How did it work out for him?
by ebrasmus21
Thu Oct 26, 2017 2:48 pm
Forum: Personal Finance (Not Investing)
Topic: First Time Home Buyer Products
Replies: 15
Views: 1294

Re: First Time Home Buyer Products

Are there any new and exciting products on the market for first-time home buyers? Houses! The first question is why do you feel you need something besides a conventional loan? Hi Mega317 - Don't necessarily think I need something different. I was more so curious if there were/are any new products t...
by ebrasmus21
Thu Oct 26, 2017 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: First Time Home Buyer Products
Replies: 15
Views: 1294

First Time Home Buyer Products

Are there any new and exciting products on the market for first-time home buyers? I'm familiar with many of the products available in the general mortgage industry but I was just curious if any Bogleheads were aware or had favorable views regarding *first-time* products. Thanks!
by ebrasmus21
Thu Oct 05, 2017 8:41 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone go 100% Ally or another online bank for all banking needs?
Replies: 61
Views: 5430

Re: Anyone go 100% Ally or another online bank for all banking needs?

Ally for high-interest savings (emergency fund), USAA for all other banking. I've never had a brick-and-mortar bank. My first bank was USAA and I used to do all my banking by mail before everything went online and it got a lot easier. I've never needed a physical bank once in 25 years of banking. B...
by ebrasmus21
Wed Oct 04, 2017 4:08 pm
Forum: Investing - Help with Personal Investments
Topic: First time home buyer - gut check
Replies: 26
Views: 2370

Re: First time home buyer - gut check

I'd do whatever it takes to get that 20% down payment. It's an option for you, some will never afford, but you most certainly can. Better APR, no PMI, and more equity if you need/want to move. +1 If you have PMI, about 3 months after you buy, you will be posting a thread named "Help, how do I get r...
by ebrasmus21
Tue Oct 03, 2017 12:48 pm
Forum: Investing - Help with Personal Investments
Topic: General Financial Planning Philosophy
Replies: 11
Views: 1370

Re: General Financial Planning Philosophy

Thank you to everyone that has responded. I appreciate the thoughts, ideas and wisdom that's shared on this forum everyday.
by ebrasmus21
Mon Oct 02, 2017 4:45 pm
Forum: Investing - Help with Personal Investments
Topic: General Financial Planning Philosophy
Replies: 11
Views: 1370

Re: General Financial Planning Philosophy

The vast majority of people in the U.S. who have children don't have any life insurance. There are also a lot of single parents. $250k is not an insignificant amount of life insurance for one or even two children, especially if there are other assets and a spouse who could work. Do you and your wif...
by ebrasmus21
Mon Oct 02, 2017 4:34 pm
Forum: Investing - Help with Personal Investments
Topic: General Financial Planning Philosophy
Replies: 11
Views: 1370

Re: General Financial Planning Philosophy

As a 40 year survivor of Hodgkin's Lymphoma, I understand your dilemma. Getting out from under the sword of Damocles is a tough survivor mental health problem. DW is also a working professional. This implies the 250K life policy does not need to replace your earning ability. It does need to lessen ...
by ebrasmus21
Mon Oct 02, 2017 3:50 pm
Forum: Investing - Help with Personal Investments
Topic: General Financial Planning Philosophy
Replies: 11
Views: 1370

General Financial Planning Philosophy

I'd like to ask for some opinions/guidance regarding "big picture" financial planning for me the DW. We are both 30 and working professionals. Well, the DW got laid off and is currently applying for new positions. For 2016 we were in the 25% tax bracket. Right now saving in tIRA + 401k + HSA with th...
by ebrasmus21
Mon Oct 02, 2017 12:22 pm
Forum: Investing - Theory, News & General
Topic: Pension shortfalls and changes in Muni bond allocation?
Replies: 14
Views: 1769

Re: Pension shortfalls and changes in Muni bond allocation?

Is there one over-arching error all these pension funds made that got us here today? How come the pension funds aren't fat and happy like so many of the BH here in lieu of the last ten years? I understand that a pension fund and an individual are massively different but could you *explain like I'm ...
by ebrasmus21
Sun Oct 01, 2017 8:53 pm
Forum: Personal Finance (Not Investing)
Topic: LTD: need some eyeballs and explanations [Long Term Disability]
Replies: 3
Views: 476

Re: LTD: need some eyeballs and explanations

I've been doing some research on LTD as well. My employer offers a group plan but as I've learned the group policy could be problematic should the need to use it ever arise. Selfishly, I'm hoping someone qualified will respond so I can continue to learn along with you. With Guardian was the underwri...
by ebrasmus21
Sat Sep 30, 2017 7:30 pm
Forum: Investing - Theory, News & General
Topic: $10 million+ - Still Working and LBYM
Replies: 162
Views: 17229

Re: 3 Comma Club - Still Working and LBYM

Convert it to Yen and you are in the 3 comma club. (I need to convert to Zimbabwean dollar to reach the 3 comma club :) ). We used to live on 110 to 120% of our income when I made 40K. (had gone back for additional medical training/ fellowship). Now that we make >400K /yr we spend somewhat more fre...
by ebrasmus21
Sat Sep 30, 2017 7:24 pm
Forum: Personal Finance (Not Investing)
Topic: loosening the purse strings a bit at 37?
Replies: 30
Views: 4085

Re: loosening the purse strings a bit at 37?

I think the consensus recommendation will be to keep plugging away regarding saving a high % of your income. I'm not qualified to give any recommendations or advice but I hope when I'm 37 I have saved what you have already. Well done!
by ebrasmus21
Fri Sep 29, 2017 3:57 pm
Forum: Personal Consumer Issues
Topic: The Rolex and The Boglehead
Replies: 274
Views: 11974

Re: The Rolex and The Boglehead

To speak of 50K and 500K watches would be a level of blasphemy this forum would not and could not handle. Favorite moment from 30 Rock -- when Tracy Jordan is informed of a devastating $50K fine for some indiscretion, he slips off his gaudy watch, waves it around, and says "Can anybody cut this in ...
by ebrasmus21
Fri Sep 29, 2017 3:33 pm
Forum: Personal Consumer Issues
Topic: The Rolex and The Boglehead
Replies: 274
Views: 11974

Re: The Rolex and The Boglehead

Is the 5K watch "limit" or are there $50K watches and $500K watches too? How come we never discuss them here? Is the $5K watch so called "sweet spot" to show the world that one has arrived? To speak of 50K and 500K watches would be a level of blasphemy this forum would not and could not handle.
by ebrasmus21
Fri Sep 29, 2017 2:09 pm
Forum: Personal Consumer Issues
Topic: The Rolex and The Boglehead
Replies: 274
Views: 11974

Re: The Rolex and The Boglehead

The level of deft thread-jacking and troll posting that HomerJ has done on this topic is truly impressive. I don't mean that sarcastically either - he has several pages of posts going that attempt to argue and answer questions that I *the OP* never even asked. LOL. Internets at its finest. I don't ...
by ebrasmus21
Fri Sep 29, 2017 12:19 pm
Forum: Personal Consumer Issues
Topic: The Rolex and The Boglehead
Replies: 274
Views: 11974

Re: The Rolex and The Boglehead

The difference between the Rolex and the Casio is this: I will leave my Rolex to my son. He will wear it on his wrist. He can leave it to his son. He will wear it on his wrist. If that means nothing to you, that's fine. It means something to me. Hmmm. My kids don't wear watches. I like to think the...
by ebrasmus21
Fri Sep 29, 2017 12:12 pm
Forum: Investing - Theory, News & General
Topic: Pension shortfalls and changes in Muni bond allocation?
Replies: 14
Views: 1769

Re: Pension shortfalls and changes in Muni bond allocation?

Is there one over-arching error all these pension funds made that got us here today? How come the pension funds aren't fat and happy like so many of the BH here in lieu of the last ten years? I understand that a pension fund and an individual are massively different but could you *explain like I'm ...
by ebrasmus21
Fri Sep 29, 2017 12:03 pm
Forum: Personal Consumer Issues
Topic: The Rolex and The Boglehead
Replies: 274
Views: 11974

Re: The Rolex and The Boglehead

The TV analogy certainly doesn't work. The TV analogy is perfect. You realize how ridiculous it sounds to buy a $50,000 TV (with awesome hand-crafted parts precision-made with a beautiful exterior) that only displays an image (the point of a TV) equal to a $500 TV. For $50,000, you should get a bet...
by ebrasmus21
Fri Sep 29, 2017 10:47 am
Forum: Personal Consumer Issues
Topic: The Rolex and The Boglehead
Replies: 274
Views: 11974

Re: The Rolex and The Boglehead

imperio wrote:
Fri Sep 29, 2017 10:41 am
Happy Friday everyone!

Image
VERY NICE!!
by ebrasmus21
Fri Sep 29, 2017 9:49 am
Forum: Personal Consumer Issues
Topic: The Rolex and The Boglehead
Replies: 274
Views: 11974

Re: The Rolex and The Boglehead

The TV analogy would work if you were comparing a beautiful looking 4K 60" flatscreen to a 1970's 11" Blank and White Tube TV. They both serve the same function but the 4K provides a MUCH nicer experience. Homer- I don't think we are going to convince you to buy a Rolex - but next time you are in a...
by ebrasmus21
Fri Sep 29, 2017 9:33 am
Forum: Personal Consumer Issues
Topic: The Rolex and The Boglehead
Replies: 274
Views: 11974

Re: The Rolex and The Boglehead

The TV analogy would work if you were comparing a beautiful looking 4K 60" flatscreen to a 1970's 11" Blank and White Tube TV. They both serve the same function but the 4K provides a MUCH nicer experience. Homer- I don't think we are going to convince you to buy a Rolex - but next time you are in a...
by ebrasmus21
Thu Sep 28, 2017 5:50 pm
Forum: Personal Consumer Issues
Topic: The Rolex and The Boglehead
Replies: 274
Views: 11974

Re: The Rolex and The Boglehead

1. The people who think owning an expensive watch is stupid think watches should solve the "telling the time" problem. That's why a Casio = Rolex. 2. The people who think owning an expensive watch is awesome think watches should solve a different problem than the "telling the time" problem. For tho...
by ebrasmus21
Thu Sep 28, 2017 5:50 pm
Forum: Personal Consumer Issues
Topic: The Rolex and The Boglehead
Replies: 274
Views: 11974

Re: The Rolex and The Boglehead

1. The people who think owning an expensive watch is stupid think watches should solve the "telling the time" problem. That's why a Casio = Rolex. 2. The people who think owning an expensive watch is awesome think watches should solve a different problem than the "telling the time" problem. For tho...
by ebrasmus21
Thu Sep 28, 2017 3:53 pm
Forum: Personal Consumer Issues
Topic: The Rolex and The Boglehead
Replies: 274
Views: 11974

Re: The Rolex and The Boglehead

rustymutt wrote:
Thu Sep 28, 2017 3:48 pm
The Timex and The Boglehead fits me to a T. 6 years ago and take a licking, and keeps on ticking.
That has the makings of a beautiful thread
by ebrasmus21
Thu Sep 28, 2017 2:01 pm
Forum: Personal Consumer Issues
Topic: The Rolex and The Boglehead
Replies: 274
Views: 11974

Re: The Rolex and The Boglehead

I would put a Rolex in the category of jewelry/art. I would never compare it to a Casio or index fund investments. It is something that may have some functionality (telling time), but it is really just something that gives the user pleasure. I refused to accept an engagement ring, and I don't care ...
by ebrasmus21
Thu Sep 28, 2017 1:35 pm
Forum: Personal Consumer Issues
Topic: The Rolex and The Boglehead
Replies: 274
Views: 11974

Re: The Rolex and The Boglehead

Personally, I'm not a fan of Rolex due to I can't get past the "cyclops" look even though not all models have that. My Longines isn't at the cost level of Rolex or Omega, however I've owned it for several years and wear it everyday. I have no regrets about dropping just over $1K for a decent automa...
by ebrasmus21
Thu Sep 28, 2017 1:27 pm
Forum: Personal Consumer Issues
Topic: The Rolex and The Boglehead
Replies: 274
Views: 11974

Re: The Rolex and The Boglehead

Anyone who genuinely believes a Rolex and a $20 casio are "the same" should consider money spent on a Rolex to be wasted. And that's your point of view and I wouldn't try and say anything differently. But paying fair market value for a Rolex, if you value it, isn't wasting money. I contend you actu...
by ebrasmus21
Thu Sep 28, 2017 12:46 pm
Forum: Personal Consumer Issues
Topic: The Rolex and The Boglehead
Replies: 274
Views: 11974

Re: The Rolex and The Boglehead

I have a very nice Swiss watch made by a small boutique maker (Jaeger-LeCoultre) that was given to me by my father-in-law, who received it from his father as a gift when he became a graduate chemical engineer. It is now 50+ years old, and I rarely wear it -- mostly for formal occasions and celebrat...
by ebrasmus21
Thu Sep 28, 2017 12:39 pm
Forum: Personal Consumer Issues
Topic: The Rolex and The Boglehead
Replies: 274
Views: 11974

Re: The Rolex and The Boglehead

You really don't see any other differences at all between a hovel and mansion? Roof over your head is the only variable? Your "Rolex==Timex" was putting function over form. Functionally both a hovel and a house get you out of the rain. I don't believe a hovel is the same as a mansion. I don't belie...
by ebrasmus21
Thu Sep 28, 2017 12:26 pm
Forum: Investing - Theory, News & General
Topic: Pension shortfalls and changes in Muni bond allocation?
Replies: 14
Views: 1769

Re: Pension shortfalls and changes in Muni bond allocation?

Thanks Dandy. I agree that the fiscal problems of many states are daunting. A big question for us is not only the risks of individual states but any systemic risks of muni bonds as the pension shortfalls appear to be almost universal. Our concern is that a run of the mill equity bear market will pu...
by ebrasmus21
Thu Sep 28, 2017 12:06 pm
Forum: Personal Consumer Issues
Topic: The Rolex and The Boglehead
Replies: 274
Views: 11974

Re: The Rolex and The Boglehead

Let's take this thought exercise to its other extreme. HomerJ - I certainly hope your logic is consistent when it comes to your personal dwelling. You make a good point. Sure, I have spent money on a nice-looking granite countertop when a cheaper formica countertop would functionally be the same. B...
by ebrasmus21
Thu Sep 28, 2017 11:54 am
Forum: Personal Consumer Issues
Topic: The Rolex and The Boglehead
Replies: 274
Views: 11974

Re: The Rolex and The Boglehead

Let's take this thought exercise to its other extreme. HomerJ - I certainly hope your logic is consistent when it comes to your personal dwelling. You make a good point. Sure, I have spent money on a nice-looking granite countertop when a cheaper formica countertop would functionally be the same. B...