Search found 1761 matches

by CyclingDuo
Sun Nov 18, 2018 12:52 pm
Forum: Personal Finance (Not Investing)
Topic: Is my husband ready to quit tenured professorship to pursue side hustle?
Replies: 63
Views: 5126

Re: Is my husband ready to quit tenured professorship to pursue side hustle?

He’s a 63 yr old tenured professor, currently earning 107K per year, who has been teaching for 13 years after getting a PhD in his late 40’s. He also has a small income of 8K from a textbook he co-authored. He has recently signed a contract with the same reputable publisher for a new textbook, whic...
by CyclingDuo
Sun Nov 18, 2018 8:58 am
Forum: Investing - Help with Personal Investments
Topic: 23 Fund Managed Portfolio: Is this normal?
Replies: 13
Views: 784

Re: 23 Fund Managed Portfolio: Is this normal?

Several years ago I helped my sister set up the Three Fund Portfolio with her 401k and IRA, The funds were a US stock index, Foreign stock index, and a bond fund index, Bottom line, my sister rolled over $320k into two IRAs (a Roth and Traditional), and her portfolio now consists of 23 mutual funds...
by CyclingDuo
Sat Nov 17, 2018 1:00 pm
Forum: Personal Finance (Not Investing)
Topic: How Long / Hard To Become a Millionaire on Under $100k Income
Replies: 131
Views: 10470

Re: How Long / Hard To Become a Millionaire on Under $100k Income

The saving rate necessary is highly dependent on the individual's employment situation. My industry/career/job has a severe age discrimination problem. Many of my peers are permanently unemployed or under-employed in their 40s and 50s. So, it is unrealistic to assume that I and my peers will be ful...
by CyclingDuo
Sat Nov 17, 2018 10:08 am
Forum: Personal Finance (Not Investing)
Topic: Update Re: Hubby soon to be laid off
Replies: 26
Views: 4619

Re: Update Re: Hubby soon to be laid off

Everyone was so helpful to me when I posted in September that my husband was going to be laid off at the end of October. Well, I'm happy to report that he has received several job offers with 20%+ pay raise. Congratulations! The pay raise is well deserved for the emotional toll you and your husband...
by CyclingDuo
Sat Nov 17, 2018 8:59 am
Forum: Personal Finance (Not Investing)
Topic: How Long / Hard To Become a Millionaire on Under $100k Income
Replies: 131
Views: 10470

Re: How Long / Hard To Become a Millionaire on Under $100k Income

Those of you suggesting to save $22K/year, or 30% of your gross pay, or 1/3 of your salary, etc. - these are great suggestions, but hard to implement at lower income levels. For example, it's hard to save $22K/year when earning $35K/year. I think it's misguided to say people who aren't millionaires...
by CyclingDuo
Sat Nov 17, 2018 8:21 am
Forum: Personal Finance (Not Investing)
Topic: How Long / Hard To Become a Millionaire on Under $100k Income
Replies: 131
Views: 10470

Re: How Long / Hard To Become a Millionaire on Under $100k Income

Becoming a millionaire by 40 can be done by saving $60 a day from age 21 through 40 with an 8% return on investments. How hard it is to save $60 a day depends greatly on how close to the $100k/yr mark you get. Yes, that would be tough. $60 a day is $1,800 a month. ... or, saving roughly 22% of that...
by CyclingDuo
Fri Nov 16, 2018 10:20 am
Forum: Investing - Help with Personal Investments
Topic: Strategy during the last stock market decline
Replies: 58
Views: 6201

Re: Strategy during the last stock market decline

My strategy during the last downturn was to automatically invest in the same funds/ETFs in my TSP and Roth IRA as I had during the previous downturn and upturn. HOWEVER....During this bull market my strategy was to automatically invest in the same funds/ETFs in my TSP and Roth IRA as I had during t...
by CyclingDuo
Thu Nov 15, 2018 8:30 pm
Forum: Personal Finance (Not Investing)
Topic: How Long / Hard To Become a Millionaire on Under $100k Income
Replies: 131
Views: 10470

Re: How Long / Hard To Become a Millionaire on Under $100k Income

Hello, I am wondering how hard it is to become a millionaire on an income of less than $100k? Is millionaire status still achievable by 50? by 40? At some point, expenses can't be reduced any further. At what point does income have to rise substantially in order to reach early financial independenc...
by CyclingDuo
Thu Nov 15, 2018 9:28 am
Forum: Investing - Help with Personal Investments
Topic: Strategy during the last stock market decline
Replies: 58
Views: 6201

Re: Strategy during the last stock market decline

That's a fantastic chart, thanks for sharing. I would have to say that he 2008/2009 drawdown seems much easier to tolerate from today's point of view. 500 days is much shorter than the 900+ days from from the 2000-2002, which seems quite painful. I lived through both of those, with not much in asse...
by CyclingDuo
Wed Nov 14, 2018 5:32 pm
Forum: Personal Finance (Not Investing)
Topic: [Financial] Habits of the Rich
Replies: 199
Views: 24474

Re: [Financial] Habits of the Rich

You have to be careful with interpreting the statistic, as 100k$ in USA might be a lot less than 20k$ in other countries in many respects. For example for 1 million $ o 100k$ you can get a similar house with basic infrastructure in 2 different places on the planet. 10k$ might buy very different amo...
by CyclingDuo
Wed Nov 14, 2018 2:53 pm
Forum: Personal Finance (Not Investing)
Topic: [Financial] Habits of the Rich
Replies: 199
Views: 24474

Re: [Financial] Habits of the Rich

Many people on this forum are very successful financially. Many of you are probably very disciplined. What are your habits that elevate your success? Do you read, take classes, have a mentor? Do you have a daily routine or habit that sets you apart? I would love to hear what habits you use to devel...
by CyclingDuo
Wed Nov 14, 2018 1:59 pm
Forum: Personal Finance (Not Investing)
Topic: Teaching young folks how to save for retirement
Replies: 27
Views: 1886

Re: Teaching young folks how to save for retirement

Edit: I see she just deposited $1050 of her latest bonus in her 401k last month! Maybe her eyes have finally stopped rolling after mentioning it to her so often with our nagging commentary. :beer Huh, how are you able to see into her 401k? Presumably you didn't set it up jointly with her, since it ...
by CyclingDuo
Wed Nov 14, 2018 12:25 pm
Forum: Personal Finance (Not Investing)
Topic: Teaching young folks how to save for retirement
Replies: 27
Views: 1886

Re: Teaching young folks how to save for retirement

"Over the past four decades, American employers have drifted away from pensions and toward 401(k) plans, which put more responsibility to save on the worker. “And at the same time, we didn’t offer any training—people don’t get any training in how to manage a 401(k) or what a mutual fund is. They’re...
by CyclingDuo
Tue Nov 13, 2018 8:15 pm
Forum: Personal Finance (Not Investing)
Topic: 457 vs 403b
Replies: 29
Views: 1975

Re: My district offers Fidelity and Vanguard for 403(b)

Let us know what she finds out. I talked to my district and they did say we could add the CalSTRS 457 plan, but it is limited and somewhat expensive. I'd rather just add Vanguard. I agree that CalSTRS 457b fees could be a bit lower but it's not terrible by any means. Vanguard Total Stock Market Fun...
by CyclingDuo
Tue Nov 13, 2018 2:53 am
Forum: Investing - Help with Personal Investments
Topic: Strategy during the last stock market decline
Replies: 58
Views: 6201

Re: Strategy during the last stock market decline

Greetings, Bogleheads! I confess that I do not recall the last significant stock market decline (-25%) we experienced (maybe 2007?). I would like to hear some strategies used by people during the decline in attempts to maintain their asset allocation. So my plan is to stay at my current stock:fixed...
by CyclingDuo
Tue Nov 13, 2018 1:29 am
Forum: Investing - Help with Personal Investments
Topic: Should we drop our manager, for 4-fund portfolio?
Replies: 61
Views: 5372

Re: Should we drop our manager, for 4-fund portfolio?

This forum has inspired me to consider dropping our manager in favor of a simple 4-fund portfolio. It’s been comforting to have a manager select the appropriate index funds, determine the allocation across our accounts, and rebalance, but it costs us about $5K/yr. I would welcome suggestions and en...
by CyclingDuo
Tue Nov 13, 2018 12:38 am
Forum: Personal Finance (Not Investing)
Topic: 457 vs 403b
Replies: 29
Views: 1975

Re: 457 vs 403b

I too had no knowledge that 457 plans were offered at my employer until less than a year ago (that was after three years of service). I'm planning on retiring no later than age 55, so a 457 makes perfect sense for me for two reasons: (1) I can make withdrawals before age 59.5 and ( 2) it gives me s...
by CyclingDuo
Mon Nov 12, 2018 10:45 am
Forum: Personal Finance (Not Investing)
Topic: 457 vs 403b
Replies: 29
Views: 1975

Re: 457 vs 403b

45 year old Illinois HS teacher - family of 5 - just became aware of 457 being an investment option....not sure how/why this dodged me for...20+ years.... Regardless, I have been working with HR to have Fidelity added as a 457 vendor (I currently use them for my 403B) - this should be up and runnin...
by CyclingDuo
Mon Nov 12, 2018 8:26 am
Forum: Investing - Help with Personal Investments
Topic: TIAA R1 With Painfully High Expenses - stuck?
Replies: 34
Views: 1926

Re: TIAA R1 With Painfully High Expenses - stuck?

Thanks to all for their thoughts. I tried to post a list of funds available in the account, but there didn't seem to be a convenient way to do so. It seems many of the TIAA and CREF funds (all R1) are available, but nothing outside (e.g. no Vanguard offerings). I think the school selected TIAA befo...
by CyclingDuo
Sun Nov 11, 2018 11:06 pm
Forum: Personal Finance (Not Investing)
Topic: If expenses are low, are some of us over saving?
Replies: 120
Views: 11729

Re: If expenses are low, are some of us over saving?

As someone who plays the piano 6-8 hours per day and teaches music lessons , I can say the following.... It's highly likely your daughter has very little talent when it comes to playing the piano. She is guaranteed to be a Joe - or in her case - a Jane average at best. She will not continue with it...
by CyclingDuo
Sun Nov 11, 2018 1:07 pm
Forum: Investing - Theory, News & General
Topic: no dividends in index funds!
Replies: 95
Views: 9288

Re: no dividends in index funds!

For some, based on their tax situation (AGI/MAGI), whether it is LTCG or Qualified Dividends becomes a wash since they have the potential to be taxed at 0% in taxable. https://www.hcvt.com/insights-alerts-Investment-Income-Tax-Changes.html https://www.fool.com/investing/2018/06/18/your-2018-guide-to...
by CyclingDuo
Sat Nov 10, 2018 10:00 pm
Forum: Personal Finance (Not Investing)
Topic: Best free online tax return predictor?
Replies: 10
Views: 1177

Re: Best free online tax return predictor?

I'm looking for a good website to estimate our tax return for next year...suggestions? Might be a little early for some, but the usual suspects.... https://www.hrblock.com/tax-calculator/#/en/te/aboutYou https://www.efile.com/tax-service/tax-calculator/2018-tax-calculator/ https://turbotax.intuit.c...
by CyclingDuo
Sat Nov 10, 2018 10:37 am
Forum: Investing - Theory, News & General
Topic: Do people calculate savings rate on gross income?
Replies: 118
Views: 7366

Re: Do people calculate savings rate on gross income?

Folks, My saving rate is based on my annual expense. I save 100% of my annual expense every year because I want to reach my goal in less than 25 years. The reason why I use this saving rate and method is that I want to balance saving and spending. I save as much as I spend is a good balance for me....
by CyclingDuo
Fri Nov 09, 2018 12:48 pm
Forum: Investing - Help with Personal Investments
Topic: Social Security as a percentage of portfolio
Replies: 14
Views: 1574

Re: Social Security as a percentage of portfolio

Question: When reviewing my portfolio shall I count my future estimated social security payments towards the percentage I need as cash? Not emergency cash. Shall I calculate 10, 15 or 20 years of payments into my total net worth? I'm 63. My mom died at 92 and my father died at 96. I know I could di...
by CyclingDuo
Fri Nov 09, 2018 9:07 am
Forum: Investing - Theory, News & General
Topic: Core-4 Investing is LIVE! It really is this time!
Replies: 134
Views: 10239

Re: Core-4 Investing is LIVE! It really is this time!

Rick, a hypothetical... A client (or, if you're not professionally advising, a friend, relative, or poster on an internet forum you like :) ) approaches you with these parameters: Age 45. Married, kids almost out of the nest, and education provided for separately from the following. Dual incomes $1...
by CyclingDuo
Fri Nov 09, 2018 12:00 am
Forum: Personal Finance (Not Investing)
Topic: If expenses are low, are some of us over saving?
Replies: 120
Views: 11729

Re: If expenses are low, are some of us over saving?

You didn't need to have low expenses to be over saving. Once I realized how much we'll probably have in retirement, I decided to loosen the purse strings a bit. That does create some internal conflict. For example, when hiring a piano teacher for my daughter, I'm pretty sure I can knock off about 1...
by CyclingDuo
Thu Nov 08, 2018 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: 1/3 of Baby Boomers have no retirement savings...
Replies: 77
Views: 8152

Re: 1/3 of Baby Boomers have no retirement savings...

That chart represents a range of 50K to 300K - it actually increases savings rate as the numbers go up when often it will go down as my example explains. The example can be run with 50K and 300K if you choose to do so and compare to the charts required needs. The chart you are referring to came fro...
by CyclingDuo
Thu Nov 08, 2018 10:15 am
Forum: Personal Finance (Not Investing)
Topic: 1/3 of Baby Boomers have no retirement savings...
Replies: 77
Views: 8152

Re: 1/3 of Baby Boomers have no retirement savings...

The chart ony comes close if each category saves 10% of gross each year - no matter if they make 60K or 300K. It only works if they need about 80% of their gross salary for expenses after retirement. It only works if their investment retuirn is 6% annually. It only works if their Fed and State taxe...
by CyclingDuo
Wed Nov 07, 2018 10:56 pm
Forum: Personal Finance (Not Investing)
Topic: 1/3 of Baby Boomers have no retirement savings...
Replies: 77
Views: 8152

Re: 1/3 of Baby Boomers have no retirement savings...

https://farm5.staticflickr.com/4765/39429370194_f979c616ac_b.jpg The chart is waaay off base. Someone making $250k a year does not need $6.25 million. That assumes they will need 100% of previously earned gross income and that the market gives a real return of zero. Who put that chart together- a b...
by CyclingDuo
Wed Nov 07, 2018 9:02 pm
Forum: Personal Finance (Not Investing)
Topic: 1/3 of Baby Boomers have no retirement savings...
Replies: 77
Views: 8152

Re: 1/3 of Baby Boomers have no retirement savings...

I work with some very successful people who are in their seventies and in their mid-sixties and they love what they do, they're good at what they do, and they make a crapload of money. they still enjoy going to work (even if they don't have to work) and they do things that most other people can't a...
by CyclingDuo
Wed Nov 07, 2018 8:48 pm
Forum: Personal Finance (Not Investing)
Topic: 1/3 of Baby Boomers have no retirement savings...
Replies: 77
Views: 8152

Re: 1/3 of Baby Boomers have no retirement savings...

The chart ony comes close if each category saves 10% of gross each year - no matter if they make 60K or 300K. It only works if they need about 80% of their gross salary for expenses after retirement. It only works if their investment retuirn is 6% annually. It only works if their Fed and State taxe...
by CyclingDuo
Wed Nov 07, 2018 7:41 pm
Forum: Personal Finance (Not Investing)
Topic: 1/3 of Baby Boomers have no retirement savings...
Replies: 77
Views: 8152

Re: 1/3 of Baby Boomers have no retirement savings...

It is ludicrous to only look at "retirement accounts" to draw a conclusion about the wealth of seniors for retirement. It completely ignores net worth and overall asset position as well as income sources. Things like business ownership, home value, rental values and income streams, pensions, etc. M...
by CyclingDuo
Wed Nov 07, 2018 7:31 pm
Forum: Personal Finance (Not Investing)
Topic: 1/3 of Baby Boomers have no retirement savings...
Replies: 77
Views: 8152

Re: 1/3 of Baby Boomers have no retirement savings...

I'm not following the logic of the chart.. why do the higher incomes need higher multiple of income saved? Are they discounting for the SS bend points offsetting more expenses for the lower income cohort? or something else? I would assume it has to do with lifestyle creep and the thought that the c...
by CyclingDuo
Wed Nov 07, 2018 1:57 pm
Forum: Personal Finance (Not Investing)
Topic: 1/3 of Baby Boomers have no retirement savings...
Replies: 77
Views: 8152

Re: 1/3 of Baby Boomers have no retirement savings...

I'm not following the logic of the chart.. why do the higher incomes need higher multiple of income saved? Are they discounting for the SS bend points offsetting more expenses for the lower income cohort? or something else? I would assume it has to do with lifestyle creep and the thought that the c...
by CyclingDuo
Wed Nov 07, 2018 1:51 pm
Forum: Personal Finance (Not Investing)
Topic: 1/3 of Baby Boomers have no retirement savings...
Replies: 77
Views: 8152

Re: 1/3 of Baby Boomers have no retirement savings...

The chart on multiple saved by income level is very misleading at best. Carefully evaluating your real retirment (or FIRE) sosts and using a suitable mutiple is a much better approach. Not easily done for somebody in their 20's, 30's, or 40's to anticipate actual retirement age, costs, location, ex...
by CyclingDuo
Wed Nov 07, 2018 12:18 pm
Forum: Personal Finance (Not Investing)
Topic: 1/3 of Baby Boomers have no retirement savings...
Replies: 77
Views: 8152

Re: 1/3 of Baby Boomers have no retirement savings...

Yuck - who wants to work until 62+? Where's the chart for retiring at 55? :sharebeer :mrgreen: :beer Not everyone has the luxury of retiring early. And then there is a segment of workers that love what they do and have no desire to retire early. I guess everyone else falls in between those book end...
by CyclingDuo
Wed Nov 07, 2018 11:50 am
Forum: Personal Finance (Not Investing)
Topic: 1/3 of Baby Boomers have no retirement savings...
Replies: 77
Views: 8152

1/3 of Baby Boomers have no retirement savings...

Obviously this is not the situation Bogleheads (or anyone else) would want to end up in at the age of 58, so it is good reading for those who are younger and saving for retirement to make sure at least this part of history is not repeated for younger generations: Nearly one-third of baby boomers had...
by CyclingDuo
Tue Nov 06, 2018 12:10 pm
Forum: Investing - Theory, News & General
Topic: Do people calculate savings rate on gross income?
Replies: 118
Views: 7366

Re: Do people calculate savings rate on gross income?

Current annual expense excluding taxes (Social Security, Medicare, Federal income, and State income) and college education expenses. KlangFool That's what I always figured, but wanted to clarify it. We've been on a tear the past few years trying to match that discipline. What about your 25X figure ...
by CyclingDuo
Tue Nov 06, 2018 10:32 am
Forum: Investing - Theory, News & General
Topic: Do people calculate savings rate on gross income?
Replies: 118
Views: 7366

Re: Do people calculate savings rate on gross income?

OP, I calculate my saving rate based on my current annual expense. I save 100% of my annual expense every year. It makes zero sense to calculate the saving rate based on income. KlangFool Hey, Klang - you always post the 100% of annual expenses every year and I like the premise. Question for you: i...
by CyclingDuo
Tue Nov 06, 2018 9:17 am
Forum: Investing - Theory, News & General
Topic: Creating your own dividends vs High dividend fund
Replies: 10
Views: 1137

Re: Creating your own dividends vs High dividend fund

My taxable account is not entirely for retirement savings. Also have 401k/pensions. I like the thought of using some gains before retirement on cars, vacations, college, etc. My thought process is to spend the dividends on what ever comes up and to not sell any capital appreciation. A nice balance ...
by CyclingDuo
Tue Nov 06, 2018 5:40 am
Forum: Investing - Theory, News & General
Topic: 2019 Retirement Contribution Limits Announced
Replies: 54
Views: 7034

Re: 401k/IRA contribution limits rise for 2019...

I'm in the same boat as a single parent (divorced). The maximum contribution is nearly 1/4 of my gross income. I can't max out my 401k. I increase it every year as I get pay raises, but unless my mortgage suddenly disappears, I can't pull it off. Even after I am 50 I will still have a teenager livi...
by CyclingDuo
Mon Nov 05, 2018 9:58 am
Forum: Investing - Theory, News & General
Topic: 2019 Retirement Contribution Limits Announced
Replies: 54
Views: 7034

Re: 401k/IRA contribution limits rise for 2019...

I am going to take advantage of it - but it will be difficult to max out the catch up contribution when I turn 50 in a couple of years. Yes, salary becomes the limiting factor for most of us when it comes to household cashflow and being able to max out any or all plans. We were never able to max ou...
by CyclingDuo
Sun Nov 04, 2018 12:36 pm
Forum: Investing - Help with Personal Investments
Topic: Easy retirement income method.
Replies: 20
Views: 3789

Re: Easy retirement income method.

Isn’t taking dividends at regular intervals just a form of dollar cost averaging? Yes, in theory it works out that way - both during accumulation if one automatically reinvests the dividends, as well as during decumulation years if the regular amounts are taking out monthly, quarterly, or semi-annu...
by CyclingDuo
Sun Nov 04, 2018 11:51 am
Forum: Investing - Theory, News & General
Topic: 2019 Retirement Contribution Limits Announced
Replies: 54
Views: 7034

401k/IRA contribution limits rise for 2019...

[Thread merged into here, see below. --admin LadyGeek] Time to include the new IRS 2019 raise of 2.7% to the contribution maximum limits on the top end of this list for 401k/403b/457 contributions... 2019 Employee Contribution: $19,000 ($25,000 for age 50 and above as the catch up contribution of $...
by CyclingDuo
Wed Oct 31, 2018 1:05 am
Forum: Personal Consumer Issues
Topic: Highlander or Murano 2018 ..
Replies: 36
Views: 2359

Re: Highlander or Murano 2018 ..

Hi Everyone, Planning to buy an SUV and I have two deals. Please take a look and suggest which looks better and why. 2018 Highlander XLE MSRP 42600 OTD 38429 2018 Murano SL MSRP 42925 OTD 39107 Currently, I lease an Nissan Rogue which I have to turn it in two weeks. I am 10K miles over the limit wh...
by CyclingDuo
Mon Oct 29, 2018 9:25 am
Forum: Personal Consumer Issues
Topic: What would you call this kind of cord?
Replies: 24
Views: 1552

Re: What would you call this kind of cord?

https://imgur.com/XgYONya.png For at least thirty years, one standard kind of power cord has been used to connect 90% of all electronic devices (and many others) to US house current. It's a separate cord (not anchored within the device). Even when there's a power brick, the connection to the mains ...
by CyclingDuo
Mon Oct 29, 2018 9:23 am
Forum: Personal Consumer Issues
Topic: Recommendations for A/T tire that also works well in snow
Replies: 8
Views: 441

Re: Recommendations for A/T tire that also works well in snow

Looking for a specific brand and model of A/T tire that will work well in deep snow. Need good traction on rocky Jeep trails in summer, but can also handle up to 3' of snow in winter on regular roads. Noise on highway not a big concern. Just need good grip for SW CO mountain Jeep roads and to be ab...
by CyclingDuo
Mon Oct 29, 2018 9:19 am
Forum: Personal Finance (Not Investing)
Topic: Am I doing well financially?
Replies: 162
Views: 12649

Re: Am I doing well financially?

I like to think I am doing well financially, but for my age, sometimes I feel like I am behind the curve when I read about some other posters' assets. I come from a lower class/lower middle class background and got my career started a little late due to being stuck in a podunk town for years after ...
by CyclingDuo
Mon Oct 29, 2018 8:40 am
Forum: Investing - Theory, News & General
Topic: 180 years of Drawdowns, Get used to it
Replies: 36
Views: 6649

Re: 180 years of Drawdowns, Get used to it

Quote: "Over this almost two centuries an investor was in a drawdown 74% of the time, and over 40% of those drawdowns ended up being large ones exceeding 20%." They used monthly closing datapoints in arriving at those figures. A few years back I did a similar study, except using daily SP500 data, a...
by CyclingDuo
Sun Oct 28, 2018 8:14 am
Forum: Investing - Help with Personal Investments
Topic: For those waiting for a 'correction' ...
Replies: 88
Views: 12353

Re: For those waiting for a 'correction' ...

In our case we simply have things set up for our contributions to go in automatically twice a month for the tax deferred plans, and weekly for taxable. Year in and year out no matter what the market is doing. Pretty much do the same when it comes to reinvesting dividends as well, as they get reinve...