Search found 2290 matches

by CyclingDuo
Mon Jun 24, 2019 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: Frugal or cheap?
Replies: 100
Views: 7518

Re: Frugal or cheap?

Wife and I have steady stable income of 235k combined. We are 32 and were diligent to pay off our 180k home in 6 years. We have been working for 9 years and have 430k in retirement accounts and 180k in a brokerage account. Wife wants to do a 100k addition to our home. I am struggling to spend as we...
by CyclingDuo
Sun Jun 23, 2019 9:36 am
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 4537
Views: 1168452

Re: What Movie Have You Recently Watched?

We saw the Ron Howard documentary Pavarotti on Friday. Matinee: $7 per ticket Beverage Local Tap Beer: Priceless and Tasty Ron Howard did an excellent job capturing the life, personality, charisma, talent, and voice of operatic legend Luciano Pavarotti in this touching documentary. You'll laugh, cry...
by CyclingDuo
Sun Jun 23, 2019 5:54 am
Forum: Personal Investments
Topic: Heavy concentration in Electric Utilities
Replies: 20
Views: 1601

Re: Heavy concentration in Electric Utilities

My wife and I are retired, both have pensions, both get soc. sec., no debts. Our IRAs are about 500k, which about 250k in electric utilities and 250k in cds. These funds will be past on our children. Should I be more concerned about the high concentration in Utility Stocks for the next 18 months? S...
by CyclingDuo
Fri Jun 21, 2019 6:48 pm
Forum: Personal Finance (Not Investing)
Topic: Losing a job in your 50's...
Replies: 390
Views: 46374

Re: Losing a job in your 50's...

If u opt to bike instead of drive the annual 10,000 in savings earning 8% over 34 years will total 1.7MM. Let's say u would drive a beater at 5k per year, but opt to bike instead. The savings are still $800k by age 56. The "Just bike to work" is of very limited practicality outside of certain areas...
by CyclingDuo
Fri Jun 21, 2019 9:34 am
Forum: Investing - Theory, News & General
Topic: Taylor's New Book: The Bogleheads' Guide to The Three-Fund Portfolio
Replies: 238
Views: 44041

Re: Taylor's New Book: The Bogleheads' Guide to The Three-Fund Portfolio

I just placed buy order from this and am very much looking forward to a good read. With 9 funds in my 401k I am looking forward to applying its principles to simplifying it. Unfortunately I do not have access to the funds in the plan but I hope there is a solution for simplification. Thank you sir ...
by CyclingDuo
Thu Jun 20, 2019 10:58 pm
Forum: Personal Finance (Not Investing)
Topic: Losing a job in your 50's...
Replies: 390
Views: 46374

Re: Losing a job in your 50's...

Thank you, CyclingDuo, you're very welcome. With 377 posts to date, I'd say you have accomplished your objective very well. There were some remarkable reports in the thread and I'm sure more to come. Thanks for the topic. I wanted to add an excellent pertinent article to this thread from The Atlant...
by CyclingDuo
Wed Jun 19, 2019 10:58 am
Forum: Personal Investments
Topic: pension, 403b, 457 questions
Replies: 14
Views: 866

Re: pension, 403b, 457 questions

My wife is an employee at a public university in Florida. She chose to sign up for the pension plan and has been contributing for 4 years. In addition, she has the following retirement choices: Tax-Deferred 403(b) After-tax Roth 403(b) 457 Deferred Plan She is currently putting 10% in the Tax-Defer...
by CyclingDuo
Sun Jun 16, 2019 10:16 am
Forum: Investing - Theory, News & General
Topic: How Bad was 2008, really?
Replies: 321
Views: 37333

Re: How Bad was 2008, really?

08 was bad. Really bad. 2000-02 was a piece of cake compared to 08. Piece of cake? Not for technology investors it wasn't. Most technology stocks suffered, on average, declines of over 80% and the Nasdaq itself dropped 75%. It took 15 years for the Nasdaq to reach new highs, and 17 years for the QQ...
by CyclingDuo
Sat Jun 15, 2019 10:03 am
Forum: Personal Investments
Topic: Inheritance quadrupled my portfolio--I need advice
Replies: 13
Views: 2952

Re: Inheritance quadrupled my portfolio--I need advice

Thanks, all, for these suggestions. Very helpful. To the point about cost basis being stepped up in an inheritance, my inheritance is coming in two chunks. The first is money I officially inherited when my father died 13 years ago, but the assets were in a trust to produce income for my mother. The...
by CyclingDuo
Fri Jun 14, 2019 10:09 am
Forum: Personal Finance (Not Investing)
Topic: Pension plus savings vs defined contribution plan for new teacher
Replies: 11
Views: 1004

Re: Pension plus savings vs defined contribution plan for new teacher

Thanks for the replies.... We realize that there is the personal decision of taking a pension plan with a guaranteed income in retirement vs taking the defined contribution plan that has a higher employer contribution but all the risks that come with managing your own retirement. Wondering if there...
by CyclingDuo
Fri Jun 14, 2019 9:34 am
Forum: Personal Finance (Not Investing)
Topic: Pension plus savings vs defined contribution plan for new teacher
Replies: 11
Views: 1004

Re: Pension plus savings vs defined contribution plan for new teacher

Thanks for the replies.... We realize that there is the personal decision of taking a pension plan with a guaranteed income in retirement vs taking the defined contribution plan that has a higher employer contribution but all the risks that come with managing your own retirement. Wondering if there...
by CyclingDuo
Thu Jun 13, 2019 8:48 am
Forum: Personal Finance (Not Investing)
Topic: How much is your guys’ fees for your 401k?
Replies: 96
Views: 4803

Re: How much is your guys’ fees for your 401k?

I’m not talking expense ratio for funds, just how much you pay per month/year for your 401k account. Mine is $1.50 a month, not sure if that’s cheep or expensive or pretty normal. It doesn’t really sound expensive $1.50 a month is not bad at all. We pay... $40 a year for one 401k $0 a year for one ...
by CyclingDuo
Thu Jun 13, 2019 8:40 am
Forum: Personal Investments
Topic: Starbucks; buy, sell, hold?
Replies: 41
Views: 3217

Re: Starbucks; buy, sell, hold?

I've enjoyed the replies. Probably need to trim it. Probably won't! :D I just frankly like the company and the holding. It's not "fun Money" as it's in a retirement account and there is no advisor fee to sell all or some. I bought one time, bought in at around $11.00, and it's at $83.00 today. Look...
by CyclingDuo
Thu Jun 13, 2019 7:01 am
Forum: Personal Consumer Issues
Topic: Fixing financial "leakage" - what do you do?
Replies: 23
Views: 3386

Re: Fixing financial "leakage" - what do you do?

What minor financial "leaks" do people have on their list? Basically, easy things that we can all do that help save more money. Note that this is a different list than giving up things you enjoy because you are trying to save money. These are things that really don't impact your quality of life, bu...
by CyclingDuo
Wed Jun 12, 2019 9:07 pm
Forum: Personal Investments
Topic: Starbucks; buy, sell, hold?
Replies: 41
Views: 3217

Re: Starbucks; buy, sell, hold?

Anyone hold and have any thoughts on SBUX over the next 3-5 years? It's one of the few individual stocks I own and I bought shares 10 years ago. Needless to say it's done very well. It's about 2% of my retirement holdings and is in a traditional IRA. My advisor has tried to get me to sell it or tri...
by CyclingDuo
Wed Jun 12, 2019 9:05 am
Forum: Personal Investments
Topic: Asset allocation for those in their late fifties
Replies: 35
Views: 3715

Re: Asset allocation for those in their late fifties

I was curious if you are in your late 50s what is your current asset allocations to stocks and bonds. Right now we 56% stock/ 36% bond/ The rest is cash (our emergency fund) U.S stock 46%/ 10% Intl stock 36% bonds of which 6% are in Intl. bonds. Ages 57/61 in our household. Been moving slowly these...
by CyclingDuo
Wed Jun 12, 2019 8:55 am
Forum: Personal Finance (Not Investing)
Topic: [Proposed changes to 401(k) and IRAs]
Replies: 67
Views: 2843

Re: "Help Is Almost Here for Retirement Savers"

Sandtrap wrote:
Wed Jun 12, 2019 8:30 am
Although there are some areas where I "draw the line" as I have a "brown thumb". :wink:
j :happy
So at least you're good at some form of plumbing? :mrgreen:
by CyclingDuo
Wed Jun 12, 2019 8:13 am
Forum: Personal Finance (Not Investing)
Topic: [Proposed changes to 401(k) and IRAs]
Replies: 67
Views: 2843

Re: "Help Is Almost Here for Retirement Savers"

Compare that with the current system, under which Americans with individual accounts must currently decide how to invest their retirement savings as they are accumulating them. That was an insane idea. Why did we turn ordinary Americans into money managers, burdened with the task of figuring out wh...
by CyclingDuo
Wed Jun 12, 2019 7:23 am
Forum: Investing - Theory, News & General
Topic: The impact of Baby Boomers on the Future of U.S. Stocks
Replies: 41
Views: 5261

Re: The impact of Baby Boomers on the Future of U.S. Stocks

Overall, though, I'm not super concerned about all this though. If you save more than your peers, you get more than your peers in retirement. If the economy does well, asset prices go higher and everyone gets to have more stuff when retired. If it doesn't do well, then future retirees will have to ...
by CyclingDuo
Tue Jun 11, 2019 8:00 am
Forum: Personal Investments
Topic: Advice [change to 3 fund?]
Replies: 3
Views: 371

Re: Advice [change to 3 fund?]

First time posting. Been reading many posts here the past few months, lots of helpful info. I switched to vanguard from EJ a year ago. So seeking advice if I should go to a 3 fund portfolio from my current setup. I currently have: $97K I’m 40 and I will also receive a nice pension when I retire. Vt...
by CyclingDuo
Tue Jun 11, 2019 7:55 am
Forum: Personal Investments
Topic: Your Current Holdings & Asset Allocation
Replies: 3
Views: 760

Re: Your Current Holdings & Asset Allocation

What are your current holdings and asset allocation? (include age/risk tolerance) Answering your question isn't going to yield anything worthwhile for your own specific needs as there are too many variables involved to determine one's AA. Job stability, diversity of income, age, need, goals, pensio...
by CyclingDuo
Mon Jun 10, 2019 7:50 pm
Forum: Personal Investments
Topic: Do any teachers here use Aspire for 457 or 403(b) plans
Replies: 6
Views: 515

Re: Do any teachers here use Aspire for 457 or 403(b) plans

My school district recently added them as a 457 plan. I currently use Vanguard for my 403(b), but I am close to maxing that out and am looking to contribute to a 457 plan. The pros: it offers a huge array of funds. They only charge .15 expense and $40 a year, unlike CalSTRS Pension 2 (.25 expense) ...
by CyclingDuo
Mon Jun 10, 2019 6:00 pm
Forum: Personal Investments
Topic: Rethinking Individual Stocks
Replies: 76
Views: 7284

Re: Rethinking Individual Stocks

It's a pretty well diversified basket. 4 bank stocks (BAC, JPM, WFC, AXP), big tech (AMZN, AAPL, FB, MSFT, GOOGL) which are up a ton, Home Depot, Walmart, CVS, Visa, McDonalds. Most of them aren't more than 2% of the total portfolio. I may gradually begin selling some shares, especially the FAANG s...
by CyclingDuo
Mon Jun 10, 2019 10:19 am
Forum: Personal Investments
Topic: $1.5M - My investment plan, Your advice/suggestions
Replies: 17
Views: 4000

Re: $1.5M - My investment plan, Your advice/suggestions

Hello...I have $1.5M in my former employer's 401K (recently retired). My plan is to roll that over into an IRA. Won't need to make any withdrawals for about 5 years at which time RMDs will be due. With what I understand there to be a $500K insured max at each brokerage firm, my plan was to roll ove...
by CyclingDuo
Mon Jun 10, 2019 10:03 am
Forum: Personal Investments
Topic: Rethinking Individual Stocks
Replies: 76
Views: 7284

Re: Rethinking Individual Stocks

It's a pretty well diversified basket. 4 bank stocks (BAC, JPM, WFC, AXP), big tech (AMZN, AAPL, FB, MSFT, GOOGL) which are up a ton, Home Depot, Walmart, CVS, Visa, McDonalds. Most of them aren't more than 2% of the total portfolio. I may gradually begin selling some shares, especially the FAANG s...
by CyclingDuo
Sun Jun 09, 2019 11:19 am
Forum: Investing - Theory, News & General
Topic: Investing Techniques For People Approaching Retirement In This Aging Bull Market
Replies: 35
Views: 5256

Re: Investing Techniques For People Approaching Retirement In This Aging Bull Market

Diversify across factors . Read Larry Swedroe’s Reducing The Risk Of Black Swans. Diversification is always important, but more important over critical short periods like a few years on either side of retirement date. I think this is the most useful strategy. The book by Larry explains it well. htt...
by CyclingDuo
Sat Jun 08, 2019 11:11 am
Forum: Investing - Theory, News & General
Topic: Investing Techniques For People Approaching Retirement In This Aging Bull Market
Replies: 35
Views: 5256

Re: Investing Techniques For People Approaching Retirement In This Aging Bull Market

I would like us to discuss broad investment techniques for those approaching retirement and already have sizable/adequate assets BUT want to continue to participate in the market without getting hit by a huge downdraft. You make sure your asset allocation is set to meet your current and future need...
by CyclingDuo
Fri Jun 07, 2019 8:13 pm
Forum: Personal Investments
Topic: new here, best fund advice
Replies: 5
Views: 513

Re: new here, best fund advice

would vanguard total stock market index fund visax be a better fund than invesco qqq trust fund in Roth IRA. invesco fund is 381% over 10 years. vanguard fund up 231% Vanguard Total Stock Market Fund is more diversified and over the longer term would be an excellent choice to capture the entire mar...
by CyclingDuo
Fri Jun 07, 2019 12:42 pm
Forum: Personal Investments
Topic: very concerned about stock and bond movement
Replies: 26
Views: 2047

Re: very concerned about stock and bond movement

livesoft wrote:
Fri Jun 07, 2019 12:03 pm
To the OP (james7777), What would it take you to post a message that said, "I am unconcerned about stock and bond movement."
:beer

Yes, that is the best question for the OP to answer!
by CyclingDuo
Fri Jun 07, 2019 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: Attn: teachers....Daughter considering 80% teaching position. Good idea?
Replies: 64
Views: 4997

Re: Attn: teachers....Daughter considering 80% teaching position. Good idea?

My daughter just got an M. Ed. in Biology and has had numerous desirable job offers. The job she is most interested in is only offering her an 80% teaching (and salary) position for the first year (teaching HS biology). Starting salaries at the other schools are about $50K. She would make $40K year...
by CyclingDuo
Fri Jun 07, 2019 9:29 am
Forum: Personal Finance (Not Investing)
Topic: how to deal with people who are not living boglehead way of life
Replies: 45
Views: 2750

Re: how to deal with people who are not living boglehead way of life

I am 36, single guy and consider myself boglehead but i live around people who never heard about boglehead way of life. My question is, what you can you do to help when a person/people close you (family member, friends) keep making financial mistake one after another. Examples, people around me don...
by CyclingDuo
Sun Jun 02, 2019 8:49 pm
Forum: Investing - Theory, News & General
Topic: How did you all do in the month of May, 2019
Replies: 125
Views: 9808

Re: How did you all do in the month of May, 2019

yousha wrote:
Fri May 31, 2019 8:54 pm
My portfolio was down 50k.
Down over $100K. :arrow:
by CyclingDuo
Sun Jun 02, 2019 8:14 pm
Forum: Investing - Theory, News & General
Topic: Portfolio For Lottery Winner
Replies: 8
Views: 1339

Re: Portfolio For Lottery Winner

I have a feeling that I'll be winning Powerball soon. I have a feeling you will be singing at full tenor voice "Nessun Dorma" in the original key - in a hot tub in Tuscany region of Italy - surrounded by beautiful bikini clad women with the temperature at a perfect 81 degrees (27.2C) while drinking...
by CyclingDuo
Sun Jun 02, 2019 10:10 am
Forum: Personal Investments
Topic: 31 and needing outsider critique on finances - Correct Format!
Replies: 38
Views: 4903

Re: 31 and needing outsider critique on finances

Good morning bogleheads! I am a long time reader(4.5 years) who has decided to finally make an account and participate. I am hoping to get a critique of where I am and thoughts on where I should go from a financial stand point. Here is the info: 31 years old Married filing jointly No kids yet 80k h...
by CyclingDuo
Sun Jun 02, 2019 9:57 am
Forum: Personal Investments
Topic: 31 and needing outsider critique on finances - Correct Format!
Replies: 38
Views: 4903

Re: 31 and needing outsider critique on finances

Good morning bogleheads! I am a long time reader(4.5 years) who has decided to finally make an account and participate. I am hoping to get a critique of where I am and thoughts on where I should go from a financial stand point. Here is the info: 31 years old Married filing jointly No kids yet 80k h...
by CyclingDuo
Fri May 31, 2019 6:12 pm
Forum: Personal Finance (Not Investing)
Topic: Should I encourage my kids to work in high school/college?
Replies: 204
Views: 11321

Re: Should I encourage my kids to work in high school/college?

https://www.the74million.org/new-economics-paper-shows-that-high-school-and-college-jobs-leads-to-higher-wages-later-in-life/ https://www.nber.org/papers/w24160 I didn't get the important info. How were those studies controlled (i.e. causality and not correlation)? And how would you avoid ethical i...
by CyclingDuo
Fri May 31, 2019 9:48 am
Forum: Personal Finance (Not Investing)
Topic: Should I encourage my kids to work in high school/college?
Replies: 204
Views: 11321

Re: Should I encourage my kids to work in high school/college?

To repeat my point: I'm interested if there is a study of a random sample of high school kids who worked low wage jobs and their future earnings. I couldn't find anything. Maybe it's folk wisdom that's repeated too often that it becomes ingrained in American culture. Regardless of whether it's true...
by CyclingDuo
Thu May 30, 2019 8:42 pm
Forum: Personal Finance (Not Investing)
Topic: Fun paid jobs after FIRE
Replies: 171
Views: 14947

Re: Fun paid jobs after FIRE

I've thought about being a substitute teacher after I quit working my "real job." Local school district pays $135 per day, and are always looking for more substitute teachers. - no summer hours - decide each day whether I want to work - no planning stress - school lets out early/mid afternoon. Plen...
by CyclingDuo
Thu May 30, 2019 7:45 pm
Forum: Personal Finance (Not Investing)
Topic: Should I encourage my kids to work in high school/college?
Replies: 204
Views: 11321

Re: Should I encourage my kids to work in high school/college?

Yes. I believe all kids should work. You learn a lot of important lessons on these type of jobs. I started at age 11 with a paper route, had to collect from customers on weekends. That's when I learned my first lesson on managing accounts receivable and cash flow. I still had to pay for the papers,...
by CyclingDuo
Thu May 30, 2019 3:22 pm
Forum: Personal Finance (Not Investing)
Topic: Should I encourage my kids to work in high school/college?
Replies: 204
Views: 11321

Re: Should I encourage my kids to work in high school/college?

You probably did not miss anything by not working at McDonald's (or wherever). I worked a couple of different low wage jobs for a couple of days in HS/College. There really isn't that much to learn. BTW, if you mow your own lawn, you are effectively working a low wage job. You're welcome. The numbe...
by CyclingDuo
Thu May 30, 2019 10:47 am
Forum: Personal Finance (Not Investing)
Topic: Should I encourage my kids to work in high school/college?
Replies: 204
Views: 11321

Re: Should I encourage my kids to work in high school/college?

Good luck proving that Bogle and Buffet did well BECAUSE of their high school jobs and couldn't succeed without them. Also, good luck proving that your kid is the next Buffet and what helped Buffet helps your kids too. I would leave alone the fact that none in that list is my or my kid's role model...
by CyclingDuo
Thu May 30, 2019 8:23 am
Forum: Personal Finance (Not Investing)
Topic: Should I encourage my kids to work in high school/college?
Replies: 204
Views: 11321

Re: Should I encourage my kids to work in high school/college?

Well.. Other than perfect studies, we have the impressions of large samples by the professor in this thread. Also, a general law of diminishing returns, so you would think too much of anything is pointless This is what the research tends to suggest https://www.cnbc.com/2017/10/04/students-who-work-...
by CyclingDuo
Thu May 30, 2019 7:31 am
Forum: Personal Finance (Not Investing)
Topic: Fun paid jobs after FIRE
Replies: 171
Views: 14947

Re: Fun paid jobs after FIRE

I can dream of FIRE. Hopefully over the next 10 years. What kind of fun (paid) job do you have after FIRE? I'm just looking for ideas, and would want to frame the question to paid work only. I think the characteristics I would like are: 1. Minimal/Flexible hours. 2. Local/no freeway 3. Perhaps tran...
by CyclingDuo
Tue May 28, 2019 11:43 pm
Forum: Personal Finance (Not Investing)
Topic: Teaching jobs
Replies: 79
Views: 4685

Re: Teaching jobs

My wife just received her Masters degree in teaching, with a certification in both Math and Science. She has 10 years experience in running a small business, substituted at all the local schools and made a strong impression during her internship (not to mention graduated with a 4.0 while working fu...
by CyclingDuo
Tue May 28, 2019 10:52 pm
Forum: Personal Finance (Not Investing)
Topic: Should I encourage my kids to work in high school/college?
Replies: 204
Views: 11321

Re: Should I encourage my kids to work in high school/college?

This topic is not about my life, although I am not trying to fool anyone. The main idea I want to express is that if one can afford to avoid minimum wage low value work it’s a very good idea, assuming that the time is not wasted on a even lower value endeavor. Don’t you think that working makes me ...
by CyclingDuo
Sun May 26, 2019 9:52 am
Forum: Personal Finance (Not Investing)
Topic: Should I encourage my kids to work in high school/college?
Replies: 204
Views: 11321

Re: Should I encourage my kids to work in high school/college?

CyclingDuo wrote: Excellent post and observations, Rus In Urbe. I can relate in a similar manner to the bolded part working with hundreds of students over the past 16 years as they transition. Most everything that has been raised in this thread - both pro and con - has been covered well by academic...
by CyclingDuo
Sun May 26, 2019 9:22 am
Forum: Personal Finance (Not Investing)
Topic: Life happens, now what?
Replies: 19
Views: 4464

Re: Life happens, now what?

The pension will cover our costs while traveling. The pension starts when I retire next year. As to college, help yes, fully fund, not certain. What are the ages of your three adopted children (you only mentioned young)? Your overall asset mix is real estate heavy and certainly nearly a full time j...
by CyclingDuo
Sat May 25, 2019 8:41 am
Forum: Personal Finance (Not Investing)
Topic: Should I encourage my kids to work in high school/college?
Replies: 204
Views: 11321

Re: Should I encourage my kids to work in high school/college?

THIS ABSOLUTELY. Kids should begin to earn their own money as soon as possible---whether that is age-appropriate chores in exchange for an allowance, or babysitting, or tutoring younger kids, or bagging groceries, or camp counseling. As a university professor who has taught and counseled hundreds o...
by CyclingDuo
Fri May 24, 2019 9:40 am
Forum: Investing - Theory, News & General
Topic: Around 43K in dividends last year - feel good about it ?
Replies: 188
Views: 20429

Re: Around 43K in dividends last year - feel good about it ?

I had about that much in interest and dividends but it was all in a tax deferred account. Do any of you who felt terrible about the 14k taxable, feel different about that much in a tax deferred account? Maybe an experienced Boglehead can comment on this, but if I'm not mistaken, you only pay taxes ...
by CyclingDuo
Wed May 22, 2019 8:00 pm
Forum: Personal Finance (Not Investing)
Topic: Should I encourage my kids to work in high school/college?
Replies: 204
Views: 11321

Re: Should I encourage my kids to work in high school/college?

The simple reality of life is that you do not save 1000$ at 18 and compare to 1000$ at 40, but maybe 1000$ at 18 vs. 100k at 40. People don't save at 30 the same amount as at 18, especially people who used that time for education. What's the relevance of this assumption? Quite true with regard to t...