Search found 556 matches

by bltn
Sat Nov 16, 2019 9:48 pm
Forum: Personal Investments
Topic: Spend It All vs. Leave $$ for the Kids
Replies: 192
Views: 14860

Re: Spend It All vs. Leave $$ for the Kids

Spend as much as you want, and leave the rest to charity. The problem with inheritances is that they create an unlevel playing field in society (which is unearned by the beneficiaries to the detriment of those that don't have the same). This is why I respect "new money" instead of "old money" peopl...
by bltn
Sat Nov 16, 2019 9:29 pm
Forum: Personal Investments
Topic: Spend It All vs. Leave $$ for the Kids
Replies: 192
Views: 14860

Re: Spend It All vs. Leave $$ for the Kids

I find it hard to believe why parents would not want to leave anything to their kids once they are financially (more than enough) independent. My belief is that there is a balancing act between providing your children with the wisdom and character needed to do well in life and resources, financial ...
by bltn
Wed Nov 13, 2019 10:13 pm
Forum: Personal Finance (Not Investing)
Topic: Roth IRA guidance
Replies: 9
Views: 796

Re: Roth IRA guidance

Welcome to the forums. So , it looks like your putting 31,000 into Roths , 36,000 into pretax retirement funds, and 60,000 into taxable savings. Even though you might save a bit of tax money now by changing your 401k to tax deferred, you ll be happy to have all those Roth assets later. And you ll be...
by bltn
Wed Nov 13, 2019 9:26 pm
Forum: Personal Finance (Not Investing)
Topic: Homeowner's: notice of non-renewal. Where/how to shop?
Replies: 41
Views: 4905

Re: Homeowner's: notice of non-renewal. Where/how to shop?

From our long time experience with State Farm, we seem to get a large reduction in auto and homeowners insurance by having both with the same company. If possible and practical - I would keep this in mind when selecting Homeowners insurance. Good Luck! We ve also had homeowners and auto coverage wi...
by bltn
Wed Nov 13, 2019 4:28 pm
Forum: Personal Finance (Not Investing)
Topic: I think my friend is already financially independent (through a fantastic bitcoin investment), can you confirm?
Replies: 49
Views: 6987

Re: I think my friend is already financially independent (through a fantastic bitcoin investment), can you confirm?

OP, My friend in my home country is being eaten by her real estate. She could have retired long ago if she sold off all her real estate holding. She did not need the money from the real estate investment. But, in this case, by being greedy, the real estate holding is destroying her financially. Kla...
by bltn
Tue Nov 12, 2019 5:20 am
Forum: Personal Finance (Not Investing)
Topic: State Estate Tax Consideration
Replies: 16
Views: 970

Re: State Estate Tax Consideration

I ve moved most of our assets to revocable management trusts just to avoid probate and executor fees. We live in a state with no estate taxes. I try not to pay unnecessarily for anything. Before I would pay 10-16% estate taxes I would relocate. Of course, estate taxes and probate and executor fees ...
by bltn
Tue Nov 12, 2019 5:11 am
Forum: Personal Finance (Not Investing)
Topic: State Estate Tax Consideration
Replies: 16
Views: 970

Re: State Estate Tax Consideration

It's probably incorrect to say there wasn't any planning that could have been done to avoid this. If someone in your generation was living when your grandfather died (or created the trust if he created it during his lifetime), your parent might have been able to exercise a power of appointment to k...
by bltn
Mon Nov 11, 2019 8:45 pm
Forum: Personal Finance (Not Investing)
Topic: State Estate Tax Consideration
Replies: 16
Views: 970

Re: State Estate Tax Consideration

I ve moved most of our assets to revocable management trusts just to avoid probate and executor fees. We live in a state with no estate taxes. I try not to pay unnecessarily for anything. Before I would pay 10-16% estate taxes I would relocate. Of course, estate taxes and probate and executor fees a...
by bltn
Mon Nov 11, 2019 3:47 pm
Forum: Personal Investments
Topic: Starting to see some gray hairs (portfolio review)
Replies: 7
Views: 1282

Re: Starting to see some gray hairs (portfolio review)

Don t sell the certificates of Disney shares that your wife has had since she was a girl. Bet there is a great story behind those. They will be easy enough to sell or deposit at a broker later. As a car person, I understand your interest in the Camaro. But keep your Corvette and buy a reliable famil...
by bltn
Sun Nov 10, 2019 9:34 pm
Forum: Personal Investments
Topic: Second home
Replies: 9
Views: 1163

Re: Second home

We built a second home in a coastal community a half day s drive from our other home. We ve had both homes for the last eleven years. Maintenance costs for the beach home have been very high. We find that we don t travel to other places much anymore. But we really like the location of our beach home...
by bltn
Sat Nov 09, 2019 9:54 pm
Forum: Personal Investments
Topic: Retire at 50(ish) possible?
Replies: 38
Views: 5900

Re: Retire at 50(ish) possible?

Under “no circumstances” (OK, there are always outliers) should someone relatively young consider retiring with a small portfolio, when there is the option of working 5 or 10 more years to create a more robust portfolio. This is especially the case because a 45-year-old who has always worked, and h...
by bltn
Fri Nov 08, 2019 8:59 pm
Forum: Personal Investments
Topic: Boglehead investing through a major downturn
Replies: 58
Views: 6738

Re: Boglehead investing through a major downturn

I continued to dollar cost average into the stock market during the 2000 and 2008 crises. Theoretically dollar cost average investing works best when the stock market is down. We had about 70 % of our investments in the market at both of those times. But my job was secure so I just kept on investing...
by bltn
Fri Nov 08, 2019 8:42 pm
Forum: Personal Investments
Topic: Talk Me Off the Active Investing Ledge!
Replies: 34
Views: 2067

Re: Talk Me Off the Active Investing Ledge!

I've been told that he doesn't invest in a company until he meets personally with the board of directors, and that he takes a more qualitative approach vs number crunching (I'm sure he crunches plenty of numbers). That is what I think when I hear how fund manager X has met/interviewed/ate with/coha...
by bltn
Fri Nov 08, 2019 8:36 pm
Forum: Personal Investments
Topic: Talk Me Off the Active Investing Ledge!
Replies: 34
Views: 2067

Re: Ticker Symbol?

mbenoit116: What is the ticker symbol of this wonderful fund and it's cost? I cannot find a "BCG fund" on Morningstar? Thank you. Taylor Jack Bogle's Words of Wisdom: "There remains no evidence--none--that superior past performance is predictive of future success." This quote from Jack Bogle is abs...
by bltn
Fri Nov 08, 2019 5:20 pm
Forum: Personal Investments
Topic: Will we be OK at 3% WR?
Replies: 308
Views: 21303

Re: Will we be OK at 3% WR?

I ll try to balance several factors in my retirement spending. 1. My withdrawal rate will have to be relatively secure over my optimistic planned retirement duration of 35-40 years. 2. My retirement rate will have to allow me to enjoy some of the advantages of my accumulation in addition to security...
by bltn
Thu Nov 07, 2019 3:41 am
Forum: Personal Finance (Not Investing)
Topic: Excess Cash- What to do with it?
Replies: 14
Views: 1669

Re: Excess Cash- What to do with it?

Hey guys, I have a odd question to ask you all. Just curious, what do you guys do with your extra money? I'm in a great dilemma, I have more money than I can spend, I've been penny pitching my whole life. I already have an emergency fund, max out my 401k, max out my IRA, and save to my taxable acco...
by bltn
Fri Nov 01, 2019 8:33 pm
Forum: Personal Consumer Issues
Topic: Timeshare offer experience
Replies: 103
Views: 10231

Re: Timeshare offer experience

After a somewhat unpleasant experience with a timeshare salesman while trying to take advantage of a bargain travel offer a number of years ago, I don t include timeshare offers in my current searches for travel bargains. I might be able to find a deal almost as good, without having to put up with t...
by bltn
Thu Oct 31, 2019 9:06 pm
Forum: Personal Finance (Not Investing)
Topic: [Just got married] Looking for ways to cut down on my budget
Replies: 80
Views: 6427

Re: How do people live on an average household income of 60K? Looking for ways to cut down on my budget

DW and I had a taxable income of 60k last year. Here are a few things we do: Get rid of Amazon prime. Too easy to spend money on crap you don't need. Get rid of cable. Use only a work mobile phone (if provided). Get rid of land line phone. Stop eating out. Learn to cook. If you eat out, find a reas...
by bltn
Wed Oct 30, 2019 10:16 pm
Forum: Personal Investments
Topic: Am I doing this right? Using a money manager...
Replies: 24
Views: 2322

Re: Am I doing this right? Using a money manager...

Try to get reestablished with Vanguard for management fees of 0.3%. At least you ll save half your current management fee and probably save some other fees as well. An account with individual stocks making up the majority of investments instead of index funds scares me.
by bltn
Wed Oct 30, 2019 9:48 pm
Forum: Personal Investments
Topic: We might reduce retirement savings for other budget goals: good/bad?
Replies: 14
Views: 1381

Re: We might reduce retirement savings for other budget goals: good/bad?

You/spouse have a personal decision to make. Personally I wouldn’t save less than 15% per year. Something on my spending list would have to give. I was going to write almost this exact response. Different people have different things in life that are important to them. In our family , the minimum w...
by bltn
Wed Oct 30, 2019 9:45 pm
Forum: Personal Investments
Topic: We might reduce retirement savings for other budget goals: good/bad?
Replies: 14
Views: 1381

Re: We might reduce retirement savings for other budget goals: good/bad?

You/spouse have a personal decision to make. Personally I wouldn’t save less than 15% per year. Something on my spending list would have to give. I was going to write almost this exact response. Different people have different things in life that are important to them. In our family , the minimum w...
by bltn
Mon Oct 28, 2019 11:25 am
Forum: Personal Investments
Topic: Do You Pay For Financial Advice?
Replies: 76
Views: 4328

Re: Do You Pay For Financial Advice?

The only financial advice I ve paid for is tax advice from my accountant every few years, in addition to my tax preparation.
I ve gotten free advice from Vanguard which has been thought provoking and occasionally useful.
by bltn
Mon Oct 28, 2019 11:20 am
Forum: Personal Investments
Topic: Do You Pay For Financial Advice?
Replies: 76
Views: 4328

Re: Do You Pay For Financial Advice?

Live beneath your means, Stay out of debt, Save Invest Index funds... No need to charge for that :mrgreen: Simple is better. Those five rules will make you wealthy. After a late start, I began to implement number five, and about a dozen years ago I realized because of indexing and dollar cost avera...
by bltn
Mon Oct 28, 2019 10:38 am
Forum: Personal Investments
Topic: Universal Life Policy Help
Replies: 15
Views: 906

Re: Universal Life Policy Help

If your pension survives you and pays your wife at 100% of the benefit, you could drop your universal life policy next August when your medical insurance is assured. The 100,000 dollar company provided insurance benefit could be put toward the mortgage and your family would be secure. You ll be able...
by bltn
Sun Oct 27, 2019 10:35 pm
Forum: Personal Investments
Topic: New high income earner
Replies: 39
Views: 4981

Re: New high income earner

Depending on where in California your family lives you could live in northern or southern Nevada and be relatively close to them while benefiting from living in a no income tax state. You can fly almost anywhere from Vegas relatively cheaply. I was thinking the same thing. No state income tax. If y...
by bltn
Sun Oct 27, 2019 10:26 pm
Forum: Personal Investments
Topic: New high income earner
Replies: 39
Views: 4981

Re: New high income earner

Whole life insurance is usually a terrible idea. A larger than 6 month emergency fund may help you sleep better at night. For example would a 12 month emergency fund help you sleep better at night? You could also have a portion of your "fixed income" allocation in "cash" (FDIC insured CDs/high yiel...
by bltn
Sat Oct 26, 2019 9:28 pm
Forum: Personal Investments
Topic: New high income earner
Replies: 39
Views: 4981

Re: New high income earner

Whole life insurance is usually a terrible idea. A larger than 6 month emergency fund may help you sleep better at night. For example would a 12 month emergency fund help you sleep better at night? You could also have a portion of your "fixed income" allocation in "cash" (FDIC insured CDs/high yiel...
by bltn
Sat Oct 26, 2019 5:50 am
Forum: Personal Finance (Not Investing)
Topic: I no longer plan on retiring early
Replies: 110
Views: 15155

Re: I no longer plan on retiring early

I believe most will know when they re ready to retire. Whether they have planned post retirement activities or not. The amount saved will be a small part of of this decision. The other factors will include the mental and physical stress associated with the job. As one ages, these components will inc...
by bltn
Thu Oct 24, 2019 7:59 pm
Forum: Personal Finance (Not Investing)
Topic: Executor for parent in Florida seeking guidance
Replies: 46
Views: 3220

Re: Executor for parent in Florida seeking guidance

If there are large capital gains on the S&P 500 fund, you may want to have it under his name only because if it's joint tenancy, my understanding is only 1/2 of the cost basis will be adjusted to the date of death. If you have the account set up to "transfer on death" the entire value of the mutual...
by bltn
Thu Oct 24, 2019 9:27 am
Forum: Personal Investments
Topic: High income earner waiting for a bear market to start investing
Replies: 119
Views: 12106

Re: High income earner waiting for a bear market to start investing

I will start investing probably in international ETFs and small cap... Nah. Not a great move. Consider holding the entire US market, the entire foreign market, and bonds. A healthy dose of bonds. Very good advice. Get rid of that market timing tendency right now if you can. Almost nobody beats the ...
by bltn
Wed Oct 23, 2019 10:17 pm
Forum: Personal Finance (Not Investing)
Topic: Ok to go without health insurance?
Replies: 209
Views: 11613

Re: Ok to go without health insurance?

Hard to believe two doctors are considering self insuring the family for medical care. Particularly with mid 7 figure assets. A couple of bad breaks could cut your assets in half. The question becomes why not self insure everything at some point? Homeowners insurance? Disability insurance ? Life ins...
by bltn
Wed Oct 23, 2019 2:27 pm
Forum: Personal Investments
Topic: Bond funds: Additional yield per year of duration
Replies: 8
Views: 682

Re: Bond funds: Additional yield per year of duration

The additional yield per year of duration rule of 20 bps or whatever was in Larry’s bond book is antiquated. Not to mention it has failed for the past 30 yrs. The people holding bonds with greater interest rate risk to reduce the volatility of their stock heavy portfolio have been well rewarded wit...
by bltn
Wed Oct 23, 2019 2:15 pm
Forum: Personal Investments
Topic: GE Pension Payout
Replies: 11
Views: 1490

Re: GE Pension Payout

I would recommend your dad take the pension at age 60 or 65 depending on how he feels about working until 65. I would have him not start his SS payments until FRA or later. Encourage a small step up in his stock allocation to 30-40 %, index funds of course.
by bltn
Wed Oct 23, 2019 2:02 pm
Forum: Personal Investments
Topic: When you state your asset allocation are you including everything or just invested assets?
Replies: 25
Views: 1470

Re: When you state your asset allocation are you including everything or just invested assets?

My invested assets include two categories: fixed income and stocks. Some of my liquid assets, ie cd s, are paying more than some of my short bond funds. And currently with the low interest rates I don t have the nerve, or understanding, to invest in longer duration bond funds and sacrifice some liqu...
by bltn
Mon Oct 21, 2019 6:50 am
Forum: Personal Finance (Not Investing)
Topic: Advice: Windfall Makes Working Worse Than Not Working
Replies: 70
Views: 9855

Re: Advice: Windfall Makes Working Worse Than Not Working

Last year I somewhat faced this as my company went IPO and I ended up with a $6M 2018 W2, and thus a ~600k CA State Tax bill. I had a lot less warning on moving (IPO was announced mid-2018 so had already worked in the state) and I really wanted to stay in the area. Ultimately though the easiest mat...
by bltn
Mon Oct 21, 2019 5:42 am
Forum: Personal Finance (Not Investing)
Topic: For those who are FI: At what point did you begin to relax?
Replies: 76
Views: 10195

Re: For those who are FI: At what point did you begin to relax?

I ve never thought about a particular sum being my FI amount. I ve always worked toward accumulation and figured when I wanted to retire, or had to, we would figure out how to live on whatever we had. Pretty simplistic. After joining this forum and seeing the concept of an FI amount based on a safe ...
by bltn
Sat Oct 19, 2019 10:18 am
Forum: Personal Finance (Not Investing)
Topic: Early retirement - not worry about withdrawal rate, but focus on portfolio size?
Replies: 69
Views: 6424

Re: Early retirement - not worry about withdrawal rate, but focus on portfolio size?

One good point Cherijoh made earlier. If you draw 3.5% annually out of your nest egg to live on, in addition to the income from your part time job, then you re really living above the 3.5%, and don t have the option of retiring from the part time job without cutting your spending or increasing your ...
by bltn
Fri Oct 18, 2019 9:16 pm
Forum: Personal Finance (Not Investing)
Topic: What percent of net worth should a persons house be?
Replies: 141
Views: 10331

Re: What percent of net worth should a persons house be?

I think Klangfool had a system in place for this. Hopefully he'll chime in. To answer your question I believe up to 20% is reasonable. I also believe that home value should be part of your networth calculation. Especially if it's not your forever home and plan on selling in the future. lostdog, Let...
by bltn
Fri Oct 18, 2019 8:44 pm
Forum: Personal Finance (Not Investing)
Topic: What percent of net worth should a persons house be?
Replies: 141
Views: 10331

Re: What percent of net worth should a persons house be?

I think Klangfool had a system in place for this. Hopefully he'll chime in. To answer your question I believe up to 20% is reasonable. I also believe that home value should be part of your networth calculation. Especially if it's not your forever home and plan on selling in the future. lostdog, Let...
by bltn
Fri Oct 18, 2019 9:45 am
Forum: Personal Investments
Topic: More than one Investment Company
Replies: 21
Views: 1473

Re: More than one Investment Company

About 3 years ago we had accounts with 6 or 7 firms. I rolled all of these into the two accounts we have now, Vanguard and Fidelity. Fidelity is my oldest account, Vanguard is my largest, comprising about 70% of our invested assets. I like both of these companies but prefer Vanguard. I ve thought ab...
by bltn
Wed Oct 16, 2019 1:27 am
Forum: Personal Investments
Topic: How to handle 5M capital gain (post-IPO)
Replies: 118
Views: 11626

Re: How to handle 5M capital gain (post-IPO)

If I had 3 million in capital gains and had to pay huge amounts of state taxes, I would do everything in my power to legally move to a no tax state for a minimum 184 days of the year. This is especially true if I lived in California and 12.3% of it was to be taxed away. To save 400,000 dollars in s...
by bltn
Mon Oct 14, 2019 5:43 am
Forum: Personal Investments
Topic: Retirees, when did you start really planning your retirement?
Replies: 53
Views: 5029

Re: Retirees, when did you start really planning your retirement?

My retirement planning until the last few years consisted primarily of working as hard as I can to maximize my income, and saving a lot of my income. I never thought about percentage of savings used for annual income in retirement. I generally liked my job and figured that if I worked until I no lon...
by bltn
Sun Oct 13, 2019 9:20 pm
Forum: Personal Investments
Topic: What’s the point of a taxable account?
Replies: 62
Views: 6809

Re: What’s the point of a taxable account?

I guess my question is, what’s the point of a taxable? I’m in a fairly low tax bracket, but do most of you have a taxable account? With a decent income, it is pretty easy to run out of tax-deferred space (or have limited tax-deferred space available). We're not super high-earners (especially for th...
by bltn
Sun Oct 13, 2019 9:13 pm
Forum: Personal Investments
Topic: What’s the point of a taxable account?
Replies: 62
Views: 6809

Re: What’s the point of a taxable account?

In addition to the “nowhere else to put it” reason, it’s also useful to have some money that is not locked up until retirement. Surprised this simple concept hasn t been mentioned before this.. Despite fully funding a 401k for years, and having a steadily growing IRA from my 20 s, the majority of o...
by bltn
Tue Oct 08, 2019 7:52 pm
Forum: Personal Finance (Not Investing)
Topic: Refinancing for 15 year?
Replies: 13
Views: 1290

Re: Refinancing for 15 year?

If you can afford the extra 600 dollars a month, refinance for 15 years. You lose a bit a flexibility you might have prepaying the 30 year mortgage, but you pay less interest with the 15 year note and may be able to prepay the 15 year mortgage down the road. Build a 6 -12 month contingency fund to t...
by bltn
Tue Oct 08, 2019 2:38 pm
Forum: Personal Investments
Topic: Asset Allocation - retirement date versus age?
Replies: 21
Views: 1590

Re: Asset Allocation - retirement date versus age?

I agree that car loans are a mistake. Put a certain amount away each month into a fund that will be used with your proceeds from your car sale, and perhaps a bit of savings, to buy your new cars with cash. By making car payments to yourself, you are gaining the difference between the interest rate y...
by bltn
Mon Oct 07, 2019 4:49 pm
Forum: Personal Finance (Not Investing)
Topic: Half of Retirees Afraid to Use Savings
Replies: 111
Views: 12777

Re: Half of Retirees Afraid to Use Savings

I propose an explanation, and a solution: 1. People are either spenders or savers. Few are in the gray area. This is a permanent trait. 2. Spenders are likely to spend all they have, both before and after retirement. 3. Savers are reluctant to spend, both before and after retirement. (This explains...
by bltn
Wed Sep 25, 2019 5:26 am
Forum: Personal Investments
Topic: Managed payout fund
Replies: 7
Views: 774

Re: Managed payout fund

Anyone use the Vanguard Managed Payout Fund ? Not sure if this is a good idea, or just use total bond and total stock and take out as needed or use a similar constant percentage- The main reason would be the difference in the expense. I looked at this as an alternate to an annuity since you keep th...
by bltn
Wed Sep 25, 2019 5:20 am
Forum: Personal Investments
Topic: Early semi-retirement abroad
Replies: 26
Views: 3593

Re: Early semi-retirement abroad

Can you live on a 4% annual withdrawal from your accumulated funds?
by bltn
Wed Sep 25, 2019 5:13 am
Forum: Personal Investments
Topic: retiring abroad with savings worth 200k...
Replies: 101
Views: 15365

Re: retiring abroad with savings worth 200k...

Is part of the end goal for retirement living as a poor person? Gambling with health care? Depending on various government subsidies for subsistence?
Find a job you like and stick with it.