Search found 32 matches

by UKFred
Fri Nov 09, 2018 4:02 am
Forum: Personal Finance (Not Investing)
Topic: How much money are you leaving your kids after you die?
Replies: 234
Views: 15012

Re: How much money are you leaving your kids after you die?

I will tell you when I find out:
1. How long my wife and I live
2. How inflationary those years are
3. How the markets perform
4. Whether we need long term care and for how long...

:confused
by UKFred
Fri Nov 02, 2018 4:39 pm
Forum: Investing - Help with Personal Investments
Topic: Easy retirement income method.
Replies: 20
Views: 3814

Re: Easy retirement income method.

UKFred, From your name, I'm assuming you are not from the United States. (I didn't look at your profile until just now.) In the U.S., dividends from most U.S. companies are "qualified" dividends which are taxed the same as long term capital gains, normally 15% at the U.S. Federal level, not as ordi...
by UKFred
Wed Oct 31, 2018 5:29 pm
Forum: Investing - Help with Personal Investments
Topic: Easy retirement income method.
Replies: 20
Views: 3814

Re: Easy retirement income method.

Relying on dividend income rather than share sales keeps cropping up. Relying on dividend income can work - mainly because that keeps the WR low. There are three main issues with relying on dividends for retirement income: 1. You know what income you need. Dividends are decided by company boards who...
by UKFred
Sun Oct 28, 2018 4:24 am
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 1247
Views: 106922

Re: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!

- Adding back assumed dividend yield of 2.5% gets me very close to the total return of international stocks for US investor of 4.4% I mentioned earlier, so the math works out. .... The main culprit outside Japan is the UK - Valuethinker may have some insight into that. I do think that the European ...
by UKFred
Thu May 31, 2018 4:44 pm
Forum: Personal Finance (Not Investing)
Topic: Intra-family Mortgage Considerations
Replies: 3
Views: 524

Re: Intra-family Mortgage Considerations

I think that if you discuss upfront what happens in various circumstances - interest rate changes, parents needing money, you moving house, death in family - and these are written down, then an intra-family mortgage can make sense. This is especially the case when you are a single child as this take...
by UKFred
Thu Mar 15, 2018 3:21 am
Forum: Personal Consumer Issues
Topic: Stephen Hawking - how would he have fared in America
Replies: 9
Views: 1881

Re: Stephen Hawking - how would he have fared in America

Agreed, it’s only tangentially related to investing. I only asked here because I am not on any other American forum and there is a lot of interesting discussion here related to healthcare and long term care with regards to retirement.
by UKFred
Thu Mar 15, 2018 2:19 am
Forum: Personal Consumer Issues
Topic: Stephen Hawking - how would he have fared in America
Replies: 9
Views: 1881

Stephen Hawking - how would he have fared in America

One of the most brilliant minds of all time, the physicist Stephen Hawking, died earlier this week. He was in his early twenties when he was diagnosed with ALS, the progressive motor neurone disease that crippled him and eventually left him unable to move anything except a finger and his eyelids. He...
by UKFred
Wed Mar 14, 2018 5:11 pm
Forum: Local Chapters and Bogleheads Community
Topic: Is there a U.K bogleheads Chapter??
Replies: 17
Views: 2697

Re: Is there a U.K bogleheads Chapter??

Has anyone volunteered to be the coordinator?
by UKFred
Wed Jan 31, 2018 9:45 am
Forum: Personal Finance (Not Investing)
Topic: How much have kids added to your personal finance/expenses?
Replies: 111
Views: 10351

Re: How much have kids added to your personal finance/expenses?

24.5% of your income, whether that is 10K or it is 10M. :D
by UKFred
Fri Jan 26, 2018 6:05 pm
Forum: Personal Finance (Not Investing)
Topic: Warning on "free" Morningstar trial
Replies: 37
Views: 8405

Re: Warning on "free" Morningstar trial

... I used a disposable credit card number with $1 limit and one-time use just in case they attempt to charge it. Is there any reason to think that Morningstar will charge your card after you’ve cancelled the account? Or that your bank will not reverse the charges if Morningstar do make that charge?
by UKFred
Wed Jan 24, 2018 12:52 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 8523
Views: 1668643

Re: U.S. stocks in freefall

sreynard wrote:
Wed Jan 24, 2018 12:48 pm
S&P 500 down 28%! It's a blood bath!

[Edit] Oh! That's 0.28%.
28% would be a bloodbath!
by UKFred
Mon Jan 22, 2018 2:54 am
Forum: Investing - Help with Personal Investments
Topic: 4% Rule Clarification in regard to taxes
Replies: 6
Views: 1156

Re: 4% Rule Clarification in regard to taxes

PFInterest wrote:
Sun Jan 21, 2018 10:34 pm
Everything must be included in expenses....including taxes.
And asset management fees, if any... so, suddenly that 1% AUMF is a quarter of your entire annual income :oops:
by UKFred
Mon Dec 11, 2017 12:22 pm
Forum: Personal Finance (Not Investing)
Topic: Paying off a mortgage with an almost non-existent rate
Replies: 15
Views: 1729

Re: Paying off a mortgage with an almost non-existent rate

From a purely financial point of view, it makes no sense to pay off the mortgage because you can probably earn more (post tax) than your monthly payments. But there is another aspect to consider: How likely is it that you will diligently invest that money month-on-month? Will your expenses slowly cr...
by UKFred
Mon Oct 23, 2017 2:29 am
Forum: Investing - Theory, News & General
Topic: Wade Pfau’s new book: How Much Can I Spend in Retirement?
Replies: 58
Views: 15494

Re: Wade Pfau’s new book: How Much Can I Spend in Retirement?

Yes, I have read the book and it is an excellent summary of many different withdrawal strategies from a portfolio. It takes Bengen's 4% + inflation as the baseline (while examining why it is inefficient). The early chapters summarise the issues faced in financing a long retirement from a fixed pot o...
by UKFred
Mon Oct 09, 2017 12:56 am
Forum: Personal Finance (Not Investing)
Topic: Moving to the UK from the US: tax advice requested
Replies: 10
Views: 1019

Re: Moving to the UK from the US: tax advice requested

If you are resident in the UK, you have to pay tax on UK income or any money you bring into the UK. You should read this note from Her Majesty's Revenue and Customs (HMRC): https://www.gov.uk/tax-foreign-income/n ... -residents
by UKFred
Tue Sep 26, 2017 12:37 pm
Forum: Personal Consumer Issues
Topic: Lifestyle Creep
Replies: 142
Views: 14516

Re: Lifestyle Creep

The English footballer George Best said it best(!): I spent half my money on women and wine. The rest I wasted.
by UKFred
Thu Sep 14, 2017 12:01 pm
Forum: Personal Finance (Not Investing)
Topic: Brother in College Co-Signing w/ Buddy for Duplex
Replies: 41
Views: 3903

Re: Brother in College Co-Signing w/ Buddy for Duplex

I may be mistaken, but from the description, it sounds a bit like mortgage fraud. Now that's a strong accusation, so let me explain my assumptions: The 5% down payment (deposit in UK terms) is for owner-occupiers, which is why your friend is looking for married co-workers to co-sign. Once you buy it...
by UKFred
Thu Sep 14, 2017 11:27 am
Forum: Personal Finance (Not Investing)
Topic: The 10 year car ownership "rule"
Replies: 95
Views: 12855

Re: The 10 year car ownership "rule"

We buy a one-year old car and sell it the second time it breaks down. That tends to be around the 7 year mark. What kind of cars are you buying that have 2 breakdowns by year 7?? It's been varied. Ford, Peugeot, Toyota. They are maintained regularly, so the breakdowns are usually fairly straightfor...
by UKFred
Thu Sep 14, 2017 11:21 am
Forum: Personal Finance (Not Investing)
Topic: Buying a new home in London but concerned about Brexit
Replies: 6
Views: 1175

Re: Buying a new home in London but concerned about Brexit

House price slowdown in London (so far anyway) has been more about stamp duty increases and changes to taxation rules and mortgage availability for buy-to-let landlords. By contrast, Brexit has had a much smaller impact. £1M is NOT a large budget for a house in London, by the way!
by UKFred
Wed Sep 13, 2017 5:22 am
Forum: Personal Finance (Not Investing)
Topic: The 10 year car ownership "rule"
Replies: 95
Views: 12855

Re: The 10 year car ownership "rule"

We buy a one-year old car and sell it the second time it breaks down. That tends to be around the 7 year mark.
by UKFred
Sat Sep 02, 2017 11:25 am
Forum: Investing - Help with Personal Investments
Topic: how British youth can invest in UK
Replies: 5
Views: 733

Re: how British youth can invest in UK

I can recommend youinvest.co.uk. Their fees are reasonable and have had no problems with their service.
by UKFred
Sat Sep 02, 2017 11:11 am
Forum: Investing - Theory, News & General
Topic: Differences between UK and US retirement planning
Replies: 24
Views: 3386

Re: Differences between UK and US retirement planning

#3 is interesting. Is that contribution pre-tax income? or post-tax income? Maybe someday they'll increase the Roth contribution limits here to give the average Joe here a similar option. what percentage of the average persons take-home pay goes to taxes in the UK? 50%? 30%? ISAs are invested from ...
by UKFred
Sat Sep 02, 2017 5:30 am
Forum: Investing - Theory, News & General
Topic: Differences between UK and US retirement planning
Replies: 24
Views: 3386

Re: Differences between UK and US retirement planning

@Valuethinker, sorry. The nested quotes were too deep for me to keep track of!
by UKFred
Sat Sep 02, 2017 4:54 am
Forum: Investing - Theory, News & General
Topic: Differences between UK and US retirement planning
Replies: 24
Views: 3386

Re: Differences between UK and US retirement planning

It's a bit of a mess. Not The only country ;-). Thank you for that information which was very interesting. Yes, Duckie, thank you for the information. In fairness to politicians, the reason that retirement schemes are a mess in most countries is that they last a long time. A young person starting w...
by UKFred
Fri Sep 01, 2017 12:56 pm
Forum: Investing - Theory, News & General
Topic: Differences between UK and US retirement planning
Replies: 24
Views: 3386

Re: Differences between UK and US retirement planning

@Alex_686, thanks for the clarification.
by UKFred
Fri Sep 01, 2017 12:42 pm
Forum: Investing - Theory, News & General
Topic: Differences between UK and US retirement planning
Replies: 24
Views: 3386

Differences between UK and US retirement planning

Hello, I am a UK citizen, aged 51, thinking about retiring in the next few years and have been following this website for several months. A lot of retirement planning is to do with taxes, social security etc that varies by country and I think it is interesting to note some of the differences I have ...
by UKFred
Tue Aug 22, 2017 11:12 am
Forum: Investing - Help with Personal Investments
Topic: 1M USD net worth, 60K USD annual expenses [UK]
Replies: 19
Views: 3739

Re: 1M USD net worth, 60K USD annual expenses [UK]

US citizens have to pay taxes on worldwide incomes. UK citizens (depending on residency) may not have to. Given this, I would think twice about gifting property or investments in your name to your wife's.
by UKFred
Fri Jul 21, 2017 6:01 pm
Forum: Investing - Theory, News & General
Topic: Dividend Misunderstandings & Only Spend Return
Replies: 282
Views: 22337

Re: Dividend Misunderstandings & Only Spend Return

I think that this bias towards spending just the dividends arose because every asset class, be it land, property, bonds etc., that arose before stocks has a clear distinction between the capital investment and the income return. And it persists because there ARE advantages to spending only dividends...
by UKFred
Mon Apr 24, 2017 1:40 pm
Forum: Personal Finance (Not Investing)
Topic: What constitutes "a lot" of money?
Replies: 81
Views: 13042

Re: What constitutes "a lot" of money?

If your portfolio fluctuates by £5000, that's £200 of annual income at 4% SWR. I am in exactly this position and I have, on occasion, spent £200 in a Michelin-starred restaurant. So yes, the fluctuations of your portfolio do change what you think is a lot of money, but in a second order derivative k...