Search found 298 matches

by bltn
Sat Feb 16, 2019 6:08 am
Forum: Personal Investments
Topic: vanguard managed payout fund
Replies: 17
Views: 1269

Re: vanguard managed payout fund

Several years ago I had some other brokerage accounts rolled over to my account at Vanguard. I was offered a Vanguard financial plan which I accepted. The plan recommended me selling my Vanguard managed payout fund. The plan recommended replacing my managed payout fund with index funds . Interesting...
by bltn
Fri Feb 15, 2019 7:39 am
Forum: Personal Investments
Topic: Inherited asset allocation
Replies: 13
Views: 903

Re: Inherited asset allocation

I agree with livesoft. Get rid of the stocks and actively managed mutual funds in your taxable accounts at the stepped up basis to avoid taxes. Put the proceeds in index funds.
by bltn
Fri Feb 15, 2019 6:09 am
Forum: Personal Finance (Not Investing)
Topic: Being content with your finances
Replies: 90
Views: 6513

Re: Being content with your finances

I agree with you that true life happiness doesn't come from competing with others, but finding satisfaction/gratefulness with what you have. But I also believe we're genetically engineered to compare ourselves with others. Finally, I'm not dumb enough to think I'm remotely near the tippy top of the...
by bltn
Fri Feb 15, 2019 6:07 am
Forum: Personal Finance (Not Investing)
Topic: Being content with your finances
Replies: 90
Views: 6513

Re: Being content with your finances

So I find myself always searching how to make more and not being content with current income. How do bogleheads find satisfaction with their income. Apparently based on your dual physician income salaries of now over $1 million year, you do not find yourself content with your income level in your m...
by bltn
Fri Feb 15, 2019 5:59 am
Forum: Personal Finance (Not Investing)
Topic: Being content with your finances
Replies: 90
Views: 6513

Re: Being content with your finances

I think it is human nature for most people to want to increase their income. Just like it is human nature for most people to want to increase their savings. Often when people set a savings goal and the reach it earlier than expected, they adjust their goal higher. And then do it again. I did. I am i...
by bltn
Tue Feb 12, 2019 10:04 pm
Forum: Personal Investments
Topic: Choosing between eliminating PMI or investing
Replies: 18
Views: 1377

Re: Choosing between eliminating PMI or investing

121*12~1440 1440/21000~7% 7+3.875% = 10.875 It is a 10.875% guaranteed rate of return if you get rid of PMI + interest saved This is crude math and others are free to poke holes in it. There might be tax advantages of not paying do. But to me, getting rid of PMI is no brainier. This is exactly the ...
by bltn
Tue Feb 12, 2019 10:00 pm
Forum: Investing - Theory, News & General
Topic: Benefits of Fidelity vs Vanguard
Replies: 48
Views: 4627

Re: Benefits of Fidelity vs Vanguard

Over the past 5-6 years, I consolidated my holdings from about 7 brokerages (don t ask) to my accounts with Vanguard and Fidelity. I ve had accounts with these two companies for 25 years. I currently have twice as much money with Vanguard. I like Vanguard s website better and find it easier to use. ...
by bltn
Mon Feb 11, 2019 7:19 pm
Forum: Personal Investments
Topic: Is this just too simple
Replies: 41
Views: 6076

Re: Is this just too simple

I understand now. I believe that 2% annual withdrawals from retirement funds have been referred to here as "bullet proof". As Jack Bogle has always advised, keeping investments simple works fine. And simple makes it easier for one to take care of his own investments. With your estate planning advice...
by bltn
Mon Feb 11, 2019 6:14 pm
Forum: Personal Investments
Topic: Portfolio review - couple nearing 40 y/o with life changes
Replies: 12
Views: 1294

Re: Portfolio review - couple nearing 40 y/o with life changes

In your position, I would try to strike a balance between an ideal amount of insurance and something more affordable. I would look into 500,000 of twenty year level premium term insurance for myself and 200,000 of 20 year level premium term for my wife.
by bltn
Mon Feb 11, 2019 5:39 pm
Forum: Personal Investments
Topic: Is this just too simple
Replies: 41
Views: 6076

Re: Is this just too simple

OldBallCoach

I did have a question after reading your initial post. The 300k+annual pension that you mentioned. Is that in addition to to you tax deferred accounts or is that the proceeds from those accounts? If those are pensions from additional company or state plans, how secure are those plans?
by bltn
Mon Feb 11, 2019 4:32 pm
Forum: Personal Investments
Topic: Is this just too simple
Replies: 41
Views: 6076

Re: Is this just too simple

Frugality has nothing to do with Boglehead approaches to money management. Saving money is a question of living within ones means, but if those means are large then living within them might be large as well. I don't have much to say about management of fairly large amounts of assets because I don't...
by bltn
Sun Feb 10, 2019 2:10 pm
Forum: Personal Investments
Topic: Newbie with retirement withdrawal question
Replies: 28
Views: 2350

Re: Newbie with retirement withdrawal question

It makes mathematical sense to put it all in at once. No one knows whether this year will follow the probability of increases in equities. It is usually advised that money needed within 5 years should not be in the stock market. It seems you are having trouble because you are tying up too much of y...
by bltn
Sun Feb 10, 2019 6:04 am
Forum: Personal Investments
Topic: Tilt / Overweight -- what percentage?
Replies: 24
Views: 2134

Re: Tilt / Overweight -- what percentage?

Post by RetiredCSProf » Sun Feb 03, 2019 4:06 pm I've read posts in the forum regarding overweight of a style (e.g., small value). RetiredCSProf: In the opinion of many authorities, owning the the total market in stocks is the "efficient portfolio" (highest return with the least risk). Last year, "...
by bltn
Sun Feb 10, 2019 5:56 am
Forum: Personal Investments
Topic: What to invest in after 401k and Roth maxed?
Replies: 8
Views: 1071

Re: What to invest in after 401k and Roth maxed?

Consider putting 2/3 of your savings in the Total Stock Market Index Fund and 1/3 in a money market account. As the cash account builds, you ll have the flexibility to use it for other investment opportunities, new car purchases, 529 plans, mortgage prepayments, etc.
by bltn
Fri Feb 08, 2019 7:54 pm
Forum: Personal Finance (Not Investing)
Topic: Advice [Home purchase advice needed]
Replies: 19
Views: 1465

Re: Advice [Home purchase advice needed]

With a 1500 dollar a month HOA fee, I m not surprised that maintenance costs won t be too much higher. With the income related, a mortgage of 300,000 is less of a burden than many we see described in this forum. With a 10-12 year mortgage, this will be paid off relatively quickly. The privacy will b...
by bltn
Thu Feb 07, 2019 4:45 pm
Forum: Personal Investments
Topic: am I on the right track?
Replies: 14
Views: 1010

Re: am I on the right track?

I feel pretty good about me and my wife's retirement stuff, the high's aren't too high and the low's aren't too low and they have done well. The taxable account has thrown me for a loop though as I have never had one before only in tax advantaged accounts. There seems to be so many things to consid...
by bltn
Thu Feb 07, 2019 4:36 pm
Forum: Personal Investments
Topic: am I on the right track?
Replies: 14
Views: 1010

Re: am I on the right track?

All, Thank you kindly for the replies and feedback it is greatly appreciated. I have updated my original post with fund names. There is never any offense I want to hear the truth and what I can do to better position ourselves for retirement. I am ready to rip the band aid off and get it right. The ...
by bltn
Thu Feb 07, 2019 1:06 pm
Forum: Personal Investments
Topic: Moving away from our "advisor"
Replies: 16
Views: 2283

Re: Moving away from our "advisor"

Congratulations on making the transfer. After all, it s your money. When I rolled 401k assets from a long time advisor into Vanguard, I called her first to inform her of the plan, as a courtesy. I think she wasn t as uncomfortable with this move as I was. I believe it happens a lot to all advisors. ...
by bltn
Thu Feb 07, 2019 11:00 am
Forum: Personal Investments
Topic: Can I retire now?
Replies: 32
Views: 6344

Re: Can I retire now?

Annual expenses: $100K (after tax, including mortgage and property taxes) Retirement Assets: $2,180,000 (60/40 split between equity and bond) 529: $150K Emergency Fund: $201K Paid Vacation Condo: $125K Primary Home: $500K, ($228K mortgage left at 2.25% for next 14 years) Update on my situations and...
by bltn
Thu Feb 07, 2019 6:46 am
Forum: Personal Investments
Topic: Year 4 Check-Up & Beginner Motivation
Replies: 7
Views: 837

Re: Year 4 Check-Up & Beginner Motivation

Very nice job so far. Im impressed with the amount of your income you save. Continue with this percentage and you ll do well. I m particularly impressed with your saving for your next car purchase. You should continue to do this for your cars ( and other large planned purchases) from now on. We alwa...
by bltn
Tue Feb 05, 2019 7:25 am
Forum: Personal Finance (Not Investing)
Topic: What to do with $1000
Replies: 13
Views: 1082

Re: What to do with $1000

Save it. I think your emergency fund would be a good place for it.
by bltn
Mon Feb 04, 2019 8:03 pm
Forum: Personal Finance (Not Investing)
Topic: How much do you need to live on 200k/ year forever?
Replies: 90
Views: 12275

Re: How much do you need to live on 200k/ year forever?

You're essentially looking for a perpetual withdrawal rate. A credible number for that is somewhere between 2-3.5%, after tax. So, you'd need $5.7 to $10 million, depending on how conservative you are. That said, if you were willing to modify the $200k expense/year in bad market times, you could pr...
by bltn
Wed Jan 30, 2019 9:54 pm
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 776
Views: 101270

Re: How much money do you need to retire?

Equating HCOL to a nice climate (as someone in the thread suggested) would include the southern portion of the country in HCOL, and eliminate NYC, Chicago , and Boston. Unless one prefers cold weather. Probably not a good idea to relate climate to COL. I haven't seen anyone equating it (there's obv...
by bltn
Wed Jan 30, 2019 1:54 pm
Forum: Personal Finance (Not Investing)
Topic: Millionaire by 40 and How you Did it?
Replies: 162
Views: 21525

Re: Millionaire by 40 and How you Did it?

People’s heads may explode, but I have to credit Dave Ramsey, as I started my career with a bunch of debt. Anyone else finance an engagement ring? :oops: Most everyone usually acknowledges his ideas for getting out of debt are great. And despite so many people hating on his portfolio recommendation...
by bltn
Mon Jan 28, 2019 6:14 pm
Forum: Personal Investments
Topic: High Earners Mostly Use Taxable Accounts?
Replies: 167
Views: 13309

Re: High Earners Mostly Use Taxable Accounts?

The short answer is yes -- high earners who are also high savers sometimes end up with taxable accounts that are substantially larger than tax-advantaged accounts. 100%. Of course. 50-60 k is is a small percentage of some peoples' income and if those people save appropriately, their taxable account...
by bltn
Mon Jan 28, 2019 2:58 pm
Forum: Personal Investments
Topic: High Earners Mostly Use Taxable Accounts?
Replies: 167
Views: 13309

Re: High Earners Mostly Use Taxable Accounts?

Taxable accounts are fine. You can keep them at whatever brokerage you want (not tied to the whims of your employer). Qualified dividends and long term realized gains are taxed at preferential rates. Broad market index ETFs generally do not pay capital gains distributions. Your heirs get stepped up...
by bltn
Mon Jan 28, 2019 2:37 pm
Forum: Personal Investments
Topic: young-ish physician windfall
Replies: 21
Views: 4292

Re: young-ish physician windfall

Congratulations on the sale. In your position I would do the following. 1.Pay off your debts right away. 2.Put roughly 1/4 of the sale price in the Vanguard Prime Portfolio mmf. Check with your accountant regarding estimated tax payments and alternative minimum tax obligations. 3.The most conservati...
by bltn
Sun Jan 27, 2019 6:19 pm
Forum: Personal Finance (Not Investing)
Topic: Real Estate as Passive Income
Replies: 45
Views: 2879

Re: Real Estate as Passive Income

Real Estate as Passive Income Unless you have a landlord is not passive income, it is active income. If no landlord, it can become like a part time job where you can be called anytime if you have a lot of properties. DW and myself analyzed this question recently as we were considering RE for income...
by bltn
Sun Jan 27, 2019 11:23 am
Forum: Personal Finance (Not Investing)
Topic: Looking for advice on setting up inheritance
Replies: 8
Views: 583

Re: Looking for advice on setting up inheritance

One option that you should investigate is setting up a trust for your daughter's benefit and hiring a professional trustee to manage it. This avoids worries about you outliving the trustee and putting a burden on a family member. I agree with this. Vanguard might be a good company to ask about a tr...
by bltn
Sun Jan 27, 2019 12:19 am
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 776
Views: 101270

Re: How much money do you need to retire?

Probably more like 3.2% SWR for early retirement. Also, you need to reserve money for LTC for the first person to need it (the second can rely on selling the house and remaining assets), money for renovations, and other big ticket items. Say you have $4M left after that (probably less, frankly), yo...
by bltn
Sat Jan 26, 2019 4:15 pm
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 776
Views: 101270

Re: How much money do you need to retire?

175k or 14.5k per month at 3.5 swr at 5 mil. Assume paid off house. Kids college taken care of. If your comments made it into the mainstream space people would be outraged. I think some in our little community here is very out of touch and not grounded in reality. Probably more like 3.2% SWR for ea...
by bltn
Thu Jan 24, 2019 10:46 pm
Forum: Personal Finance (Not Investing)
Topic: Safe to consider early retirement at 42 vs benefit of sticking it out?
Replies: 75
Views: 6122

Re: Safe to consider early retirement at 42 vs benefit of sticking it out?

Yeah, I'm with the band that says don't retire, just find a job you can enjoy. Even if that is being a surf instructor or a Starbucks barista. You have a lot saved up so you don't seem to be in dire need of money, just find a new job that is stress free and adds some money so you dont have to withd...
by bltn
Mon Jan 21, 2019 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: Wills- Options other than family/charities?
Replies: 34
Views: 1779

Re: Wills- Options other than family/charities?

:thumbsup
RickBoglehead wrote:
Sun Jan 20, 2019 12:35 pm
... family, friends, random strangers you met on forums on the internet that you like exchanging ideas with... :sharebeer
:thumbsup :moneybag
There s a thought!
by bltn
Mon Jan 21, 2019 12:02 pm
Forum: Personal Finance (Not Investing)
Topic: What should be the minimum income to consider living in a HCOL?
Replies: 29
Views: 2882

Re: What should be the minimum income to consider living in a HCOL?

ArmchairArchitect wrote:
Mon Jan 21, 2019 11:48 am
As a NYC native, I would say absolute minimum $500k/year to live nicely/comfortably.

Left NYC years ago though- MCOL cities are the way to go.
Yikes!!!
For 500k,minimum, I wonder how you define "nicely/ comfortably".
by bltn
Mon Jan 21, 2019 11:54 am
Forum: Personal Finance (Not Investing)
Topic: What should be the minimum income to consider living in a HCOL?
Replies: 29
Views: 2882

Re: What should be the minimum income to consider living in a HCOL?

If you are sure you can duplicate your salary in a low cost of living state, move. Your wife could find a job she likes that should pay as well as her current job if not better. You could find a place you liked to live, probably cheaper. Your saving rate is great. If you continue this rate you shoul...
by bltn
Sun Jan 20, 2019 9:50 pm
Forum: Personal Finance (Not Investing)
Topic: "Buy term life because it is cheap"
Replies: 21
Views: 2734

Re: "Buy term life because it is cheap"

I don t really understand a 30 year term life policy. Once we had sufficient accumulation of funds, I dropped my two term life policies. That occurred about 12 years after I started index based investing, at about age 48. The late age was due to my late start in patient passive accumulation. One of ...
by bltn
Fri Jan 18, 2019 11:35 pm
Forum: Investing - Theory, News & General
Topic: The NY Times calls us a cult but in a good way
Replies: 62
Views: 7555

Re: The NY Times calls us a cult but in a good way

The NY Times devoted another three pages to Jack Bogle on Friday. And they managed to give Bogleheads a nod but neglected to note our forum. Here is hoping the ones that can benefit from Bogleheads.org will search for us. https://www.nytimes.com/2019/01/17/your-money/jack-bogle-vanguard.html “He al...
by bltn
Fri Jan 18, 2019 11:28 pm
Forum: Personal Finance (Not Investing)
Topic: How much money did you receive from family? (Gifts/inheritance)
Replies: 127
Views: 14019

Re: How much money did you receive from family? (Gifts/inheritance)

My father made me executor of his will and trustee for my mother s trust a few months before he died from cancer. My mother, we discovered, had dementia more advanced than we realized. My dad had taken care of things. She was moved into assisted living where she lived for about eleven years. Upon he...
by bltn
Thu Jan 17, 2019 12:20 pm
Forum: Personal Finance (Not Investing)
Topic: Have I Now Become Out of Touch Financially? Aging question...
Replies: 90
Views: 11311

Re: Have I Now Become Out of Touch Financially? Aging question...

And after you visit, think about how rich your lifestyle would be if you moved your money to the midwest or south to live!! I think about my daughter and son in law in Manhatten. Middle class there. Wealthy back home. Middle class couple in Manhattan makes $400K a year. If you want to be upper-midd...
by bltn
Thu Jan 17, 2019 7:37 am
Forum: Personal Finance (Not Investing)
Topic: Have I Now Become Out of Touch Financially? Aging question...
Replies: 90
Views: 11311

Re: Have I Now Become Out of Touch Financially? Aging question...

Yes. You are out of touch. The entirety of SoCal is out of touch. Come visit the midwest or south and see how many people drive 100k-200k cars or live in million dollar houses. Heck, if I see a CPO Mercedes driving around it requires a double take. You would instantly become one of the flashiest pe...
by bltn
Wed Jan 16, 2019 11:31 pm
Forum: Personal Finance (Not Investing)
Topic: Have I Now Become Out of Touch Financially? Aging question...
Replies: 90
Views: 11311

Re: Have I Now Become Out of Touch Financially? Aging question...

Yes. You are out of touch. The entirety of SoCal is out of touch. Come visit the midwest or south and see how many people drive 100k-200k cars or live in million dollar houses. Heck, if I see a CPO Mercedes driving around it requires a double take. You would instantly become one of the flashiest pe...
by bltn
Wed Jan 16, 2019 11:12 pm
Forum: Personal Investments
Topic: Why are you NOT buying rental properties?
Replies: 221
Views: 16761

Re: Why are you NOT buying rental properties?

Investments with leverage always have the potential for higher returns. And bigger losses.My attempts at real estate investing, with large portions of borrowed money, did well to break even after management costs. On the sale of the property, I was lucky to see appreciation keep up with inflation. A...
by bltn
Wed Jan 16, 2019 10:42 pm
Forum: Personal Investments
Topic: 5 year CDs @Penfed mature 1/22/19
Replies: 30
Views: 3130

Re: 5 year CDs @Penfed mature 1/22/19

When looking at cd rates, I always check for early withdrawal penalties. As a Penfed member, I can t buy their cd s due tomthe ewd penalties. I use a local cu with slightly lower rates but a 3month ewd penalty. Ally, with competitive rares and a 5 mo ewd penalty is another good choice.
by bltn
Wed Jan 16, 2019 9:53 pm
Forum: Investing - Theory, News & General
Topic: John Bogle has died at age 89
Replies: 856
Views: 49193

Re: John Bogle is dead at 89

Jack Bogle is resposible for me taking control of my money management and being successful with it. Jack Bogle changed an industry and gave the individual investor a simple investment way to become wealthy. Without Jack Bogle, Fidelity and Schwab and others would not be providing index funds today. ...
by bltn
Wed Jan 16, 2019 2:04 pm
Forum: Personal Finance (Not Investing)
Topic: Ever encountered a toxic advisor? How did you handle it?
Replies: 25
Views: 3112

Re: Ever encountered a toxic advisor? How did you handle it?

Time to leave TIAA. Look at the big three: Vanguard, Schwab, Fidelity.
by bltn
Wed Jan 16, 2019 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford a 50k car? If so, whats the best way to do it?
Replies: 48
Views: 2172

Re: Can I afford a 50k car? If so, whats the best way to do it?

How did you get to $600K taxable and more in IRA at your age and income? Just curious - that's some serious saving and/or investment income! My guess is the same way that OP has a $1.3M trust. If that is the case, I'd be curious what the OPs savings rate is. If it is quite low, I would suggest they...
by bltn
Mon Jan 14, 2019 2:48 pm
Forum: Personal Investments
Topic: Portfolio HELP - time to stop the bleeding from AUM fee
Replies: 34
Views: 2412

Re: Portfolio HELP - time to stop the bleeding from AUM fee

So sounds like the only option available to us is the backdoor Roth IRA. Sill not sure it's worth the hassle since we can only contribute $11K per year and will probably be <1% of our total portfolio in the end. My general approach to weighing the value of options is to consider both percentage-wis...
by bltn
Mon Jan 14, 2019 2:45 pm
Forum: Personal Investments
Topic: Portfolio HELP - time to stop the bleeding from AUM fee
Replies: 34
Views: 2412

Re: Portfolio HELP - time to stop the bleeding from AUM fee

We've recently been fortunate to be referred to the Bogleheads site by a friend. For the past 10 years we've relied on a financial planner to take care of our investments with a fee structure based on total assets managed. Through the process of being educated by the Boglehead website we've quickly...
by bltn
Mon Jan 14, 2019 11:27 am
Forum: Personal Finance (Not Investing)
Topic: Another Home Affordability Thread
Replies: 31
Views: 3649

Re: Another Home Affordability Thread

Dollarbillz Congratulations on your careers and your accumulation of assets. As I do with a number of posts, l ll give you my feelings based on my past history. I worked at modestly paid jobs until I finished my education at age 30. I then began a career job which allowed me to increase my earnings ...
by bltn
Sun Jan 13, 2019 3:44 pm
Forum: Personal Investments
Topic: Real estate as part of overall investment plan
Replies: 37
Views: 2640

Re: Real estate as part of overall investment plan

I would LOVE to add direct real estate to my investments, but... I have no clue on how to manage it. I don't like the illiquidity I don't like the lack of diversification I don't like the single company risk (myself) I don't want to ADD another job to my daily life on top of my profession, husband,...