Search found 2716 matches

by heyyou
Tue Nov 14, 2017 1:12 pm
Forum: Personal Consumer Issues
Topic: Favorite Holiday Recipes
Replies: 35
Views: 2355

Re: Favorite Holiday Recipes

Pumpkin Spiced Eggnog (without alcohol)
Others joke about "pumpkin spiced" everything, but I like the eggnog. Try it in your breakfast oatmeal.
by heyyou
Tue Nov 14, 2017 1:06 pm
Forum: Investing - Theory, News & General
Topic: Do DFA advisors get kickbacks?
Replies: 11
Views: 1570

Re: Do DFA advisors get kickbacks?

Haven't looked in 15 years, but Fidelity sold "advisor class" funds with a .25% annual kickback to the advisor who put my money in that class of funds. If that is your question, then no, DFA does not have that class of their funds.
by heyyou
Mon Nov 13, 2017 8:11 pm
Forum: Investing - Theory, News & General
Topic: Buffett 90/10 Portfolio vs Target Retirement
Replies: 29
Views: 3134

Re: Buffett 90/10 Portfolio vs Target Retirement

Buffett is donating his BRK stock to the Gates Foundation when he dies. His wife is getting his cash which is $100+ million and he has advised her trustees to invest it 90/10 in the 500 index and cash/bonds. Just the dividends from the $100 million will support her. Unless you have millions invested...
by heyyou
Mon Nov 13, 2017 2:04 pm
Forum: Investing - Theory, News & General
Topic: Is the 4% SWR still valid because inflation is low despite low rates?
Replies: 5
Views: 608

Re: Is the 4% SWR still valid because inflation is low despite low rates?

The future is unknown, so risk is a permanent part of it. There isn't any certainty, just better and better research based on history. When Bengen did his SWR research, consider the info available and the computer capability of 1991. Since his SWR is based on the worst case, take a look at the remai...
by heyyou
Sun Nov 12, 2017 11:42 am
Forum: Investing - Help with Personal Investments
Topic: 1/n Portfolio
Replies: 14
Views: 1306

Re: 1/n Portfolio

My opinion is, allocating is about whatever will help you stay the course and even rebalance during a crash. Note that there are many, many allocations that will adequately grow a retirement nest egg for a diligent saver, with emphasis on the saving instead of nit-picking about how the equities are ...
by heyyou
Sat Nov 11, 2017 9:59 am
Forum: Investing - Theory, News & General
Topic: Retirees: I got this!!
Replies: 75
Views: 8413

Re: Retirees: I got this!!

Been retired for 12 years. In 2008 we just stayed home until the recovery was significant. We knew we would be okay but that was not the retirement that we wanted, then the recovery occurred.
by heyyou
Sat Nov 11, 2017 3:10 am
Forum: Investing - Theory, News & General
Topic: Wes Gray: Do Trend Folowing Managed Futures Increase Safe Withdrawal Rates?
Replies: 14
Views: 1005

Re: Wes Gray: Do Trend Folowing Managed Futures Increase Safe Withdrawal Rates?

But history doesn’t repeat itself exactly nor will investors behave exactly the same way. Well said. Unexpected deflation of oil prices ruined CCFs, and took the shine off of TIPS. Also beware of distorting futures markets by moving extra billions of dollars in and out of them on a predictable sche...
by heyyou
Sat Nov 11, 2017 1:55 am
Forum: Investing - Theory, News & General
Topic: The fear of retirement, black swan, and math to dissuade the fear.
Replies: 116
Views: 10807

Re: The fear of retirement, black swan, and math to dissuade the fear.

So better acknowledge the problem, and plan to be adaptive, flexible and well-informed. DW and I expect to adapt to whatever occurs in our retirement, both the good and the bad. We now have 40 years of experience at living below our means in our LCOL area. Prior to retirement, due to our high savin...
by heyyou
Fri Nov 10, 2017 7:33 pm
Forum: Personal Consumer Issues
Topic: Septic tank - deal killer?
Replies: 47
Views: 3959

Re: Septic tank - deal killer?

Just remember, that septic tanks can't handle large food particles and grease. That means cleaning your dishes before putting them in the dishwasher. My state changed its grey water regulations while we were building in 2005. The building inspector said "We don't care what you do with your grey wat...
by heyyou
Fri Nov 10, 2017 3:18 pm
Forum: Personal Finance (Not Investing)
Topic: Is using a Roth IRA for saving for a vacation in 10 years a good idea?
Replies: 11
Views: 801

Re: Is using a Roth IRA for saving for a vacation in 10 years a good idea?

At age 65, you may have 20 more years of compound growth in the Roth IRA especially since that is where you store your equity funds with the highest expected growth. If you are married, eventually the surviving spouse will be paying tax as a single person on the growing RMDs from your traditional IR...
by heyyou
Wed Nov 08, 2017 8:46 pm
Forum: Investing - Theory, News & General
Topic: RMDs – Best time to take during the year?
Replies: 12
Views: 1450

Re: RMDs – Best time to take during the year?

I calculate what percentage of that remaining RMD is needed to be withheld for federal tax purposes so that my total federal tax withheld from all sources of income very closely approximates my total federal tax. Keep in mind that in this example the tax withheld in the last RMD is considered to ha...
by heyyou
Wed Nov 08, 2017 8:40 pm
Forum: Investing - Help with Personal Investments
Topic: Talk me out of a barbelling / Larry-type portfolio
Replies: 22
Views: 1234

Re: Talk me out of a barbelling / Larry-type portfolio

Yes, reduce your equity exposure now, but not necessarily to 40% from your current 62% stocks. You need to reduce your current equity risk but don't try to dodge too much of it since the future growth you still need, will happen suddenly, some time in the distant future. Consider 50% or 45% in stock...
by heyyou
Wed Nov 08, 2017 2:40 am
Forum: Personal Finance (Not Investing)
Topic: What was the main reason you retired?
Replies: 210
Views: 14893

Re: What was the main reason you retired?

by cheese_breath » Tue Oct 31, 2017 8:59 am Because I wanted to. Retirement was always my career objective. The same here, my goal was to save enough to no longer need the income from employment. That took only 30 years, thank you to Jack Bogle for introducing an index fund. My first decade of reti...
by heyyou
Sun Oct 22, 2017 10:15 pm
Forum: Investing - Theory, News & General
Topic: 4% SWR Rule in Other Countries
Replies: 29
Views: 2810

Re: 4% SWR Rule in Other Countries

Seems like most studies are trying to optimize spending for unknown future returns for an unknown length of time. Consider instead to just continue to live within your means by annually adjusting your spending to your recent portfolio size and an age based factor. Maybe smooth your spending by avera...
by heyyou
Sun Oct 22, 2017 2:08 pm
Forum: Personal Finance (Not Investing)
Topic: For newer two comma club members
Replies: 2
Views: 1078

For newer two comma club members

Would some of you newly minted, and perhaps tech literate club members, please consider keeping track of how many times your monthly fund assets drop below, then regain the second comma, as a lesson about volatility for others. Both the number of, and the range of those fluctuations would be interes...
by heyyou
Sat Oct 21, 2017 2:26 am
Forum: Investing - Theory, News & General
Topic: Shiller: the 1987 stock market panic can happen again
Replies: 29
Views: 2733

Re: Shiller: the 1987 stock market panic can happen again

I suppose we will just have to muddle through whatever does occur next, same as last time, and the time before that one, etc. etc.
by heyyou
Thu Oct 19, 2017 9:03 pm
Forum: Investing - Theory, News & General
Topic: 30th Anniversary of October 19, 1987 stock market crash
Replies: 36
Views: 3024

Re: 30th Anniversary of October 19, 1987 stock market crash

My 401k had weekly contributions but quarterly purchases, and paper quarterly account reports that came in the mail. I didn't even know about the crash. I always arrived home long after the six o'clock news, and did not stay up for the ten o'clock version. Ignorance is bliss, sometimes.
by heyyou
Sun Oct 15, 2017 1:42 am
Forum: Personal Finance (Not Investing)
Topic: You career roots and your path to financial independence. "Actionable: steps and tips for others?
Replies: 56
Views: 5705

Re: Blue collar (or other) roots and your path to financial independence. Steps and tips for others?

Find what your goal is, and work towards it. Early on I saw that I only needed to work until I could afford to not need a job. With a sense of having enough, enough car and enough house, I then saved most of each pay raise, maxed all retirement accounts a little early, then continued to put the payr...
by heyyou
Sat Oct 14, 2017 8:14 pm
Forum: Personal Consumer Issues
Topic: Auto Transport From Florida to Oklahoma.
Replies: 12
Views: 1200

Re: Auto Transport From Florida to Oklahoma.

between transport costs and replacing all of the dried out rubber components (tires and such), you'll be into this truck for more than it is worth. I checked with the dealer and they will be waiting for the vehicle whenever it arrives. Cha-ching Consider the labor costs of replacing every flexible ...
by heyyou
Sat Oct 14, 2017 7:46 pm
Forum: Personal Consumer Issues
Topic: Anyone Ever Jackhammered a Concrete Patio?
Replies: 27
Views: 1683

Re: Anyone Ever Jackhammered a Concrete Patio?

My volunteer work includes digging pairs of 30" deep post holes for gates so we do not have the option of moving a hole if we encounter rock. At 5'8" and 155#, I prefer the mid-sized hammers (35-45#) rented from Home Depot. As mentioned by others, the hammer does the breaking as the operator is cons...
by heyyou
Sat Oct 14, 2017 5:28 pm
Forum: Personal Consumer Issues
Topic: How long for hedonic adaptation to set in?
Replies: 109
Views: 7424

Re: How long for hedonic adaptation to set in?

Whenever we dig deep enough into anything, there seems to be some risks to be found in there. Is the lesson about feeling gratitude for having enough, being the pinnacle? Is it the gratitude and not just the sense of enough?
by heyyou
Thu Oct 12, 2017 12:23 pm
Forum: Personal Consumer Issues
Topic: First visit to Hawaii (flight, Amex Plat benefits, extend stay?)
Replies: 53
Views: 3784

Re: First visit to Hawaii (flight, Amex Plat benefits, extend stay?)

The slower paced vibe of the Big island suits us. We like the flowing lava, uncrowded beaches, loco moco , and the Hilo farmers market. The "Revealed" guide books are excellent, often updated, but not many changes other than the lava activity and the mom & pop businesses. The variety of climate zone...
by heyyou
Thu Oct 12, 2017 1:26 am
Forum: Investing - Theory, News & General
Topic: DFA and the additional return achieved for advisor sales pitch
Replies: 3
Views: 576

Re: DFA and the additional return achieved for advisor sales pitch

I'm certain that this is a big sales pitch from advisers "you get me for free. If you are mainly in index funds now I can do the same thing at no additional cost to you while you get access to my knowledge, experience, etc." Any given DFA approved advisor can say and do and charge whatever they cho...
by heyyou
Wed Oct 11, 2017 11:42 pm
Forum: Investing - Theory, News & General
Topic: Buy when there's blood in the streets!
Replies: 39
Views: 6387

Re: Buy when there's blood in the streets!

You can also just continue to buy at the usual stock/bond proportions, knowing that in a recession, you are buying extra equities due to their reduced prices. There will always be someone on the internet telling you what would be more optimal than whatever you are doing. Your savings rate probably h...
by heyyou
Tue Oct 10, 2017 7:07 pm
Forum: Investing - Theory, News & General
Topic: List some positive aspects about financing retirement
Replies: 4
Views: 942

List some positive aspects about financing retirement

As an alternative to the marketing that toys with your insecurities, consider listing some positive remarks about financing retirement. Most retirees here already have a couple of decades of experience at living within their means, and that just continues in retirement. Our allocations often include...
by heyyou
Tue Oct 10, 2017 4:44 pm
Forum: Investing - Help with Personal Investments
Topic: Protecting against the possibility of a correction?
Replies: 45
Views: 4099

Re: Protecting against the possibility of a correction?

My protection for the "possibility" of the inevitable next correction, is storing a decade of retirement spending in bond funds. Just to tease those who do not sleep well at night, there will be more corrections in the future, some years after the next one. Note that the worst year to retire was not...
by heyyou
Sun Oct 08, 2017 2:57 pm
Forum: Investing - Help with Personal Investments
Topic: How big a portfolio should I have before retiring?
Replies: 52
Views: 7001

Re: How big a portfolio should I have before retiring?

Michael H. McClung, author of Living Off Your Money , has some info on longer retirements (40 & 50 years) that I skipped reading due to my age. He does tinker with the standard withdrawal(WD) rate by considering retirement length, current market valuations, allocations, recent portfolio value, and r...
by heyyou
Sat Oct 07, 2017 12:18 pm
Forum: Investing - Help with Personal Investments
Topic: Roth vs. Traditional for RMD's & Tax Diversification
Replies: 30
Views: 1351

Re: Roth vs. Traditional for RMD's & Tax Diversification

You could contribute 100% to Trad. 401K and put the tax savings into Roth IRA. Then, you have both: tax-deferred and Roth. The earlier they retire, the more favorable traditional; the longer they actually work, the more favorable Roth. Those are both good info. As usual, there is not a definitive a...
by heyyou
Sat Oct 07, 2017 12:07 am
Forum: Investing - Help with Personal Investments
Topic: Need for inflation protection w/SS and/or inflation-adjusted pensions?
Replies: 9
Views: 698

Re: Need for inflation protection w/SS and/or inflation-adjusted pensions?

Since retirees fear inflation, there is money to be made by those who get a commission from selling supposed solutions for it. Inflation is a risk but the insurance is expensive if buying TIPS or a commodities fund based on trading commodities futures. Our world has changed from when OPEC could dict...
by heyyou
Thu Oct 05, 2017 7:52 pm
Forum: Investing - Theory, News & General
Topic: Some Hand-Holding
Replies: 17
Views: 1276

Re: Some Hand-Holding

In retirement with a 50/50 allocation, you will have a dozen years of spending in bonds, so you would not have to sell any equity fund shares at reduced prices for many of the early years of retirement. Sequence risk is only a problem for those who spend according to their retirement day assets, wit...
by heyyou
Thu Oct 05, 2017 7:12 pm
Forum: Investing - Theory, News & General
Topic: "Vanguard Funds vs. Dimensional Funds in New IFA Index Portfolios" -- What's The Deal?
Replies: 56
Views: 7475

Re: "Vanguard Funds vs. Dimensional Funds in New IFA Index Portfolios" -- What's The Deal?

Just last year, DFSVX had a 3.7% cap gain distribution, which you would need to pay anywhere from 15% to over 30% of that in taxes (15/20 cap gains tax, CA/NY state tax, 3.8% health care tax for high earners). Not everyone has tax problems. In retirement, some of us live in low cost areas, store ou...
by heyyou
Thu Oct 05, 2017 11:36 am
Forum: Investing - Help with Personal Investments
Topic: Comments on my DFA/IFA-100 portfolio clone
Replies: 6
Views: 638

Re: Comments on my DFA/IFA-100 portfolio clone

Thank you to the OP for taking the time to clone the IFA allocation using lower cost funds. Just to twist the tiger's tail: If an advisor is going to charge a fee that is a noticeable fraction of the long term portfolio return, said advisor should have a complicated allocation in order to impress th...
by heyyou
Mon Oct 02, 2017 9:48 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Financializing Commodities
Replies: 10
Views: 1238

Re: Larry Swedroe: Financializing Commodities

Dang, the future forgot to follow the historical commodities market. How could that happen? The model collateralized commodities fund (CCF) was very carefully crafted by Gorton and Rouwenhorst at Yale. How could they be wrong about the future?
by heyyou
Wed Sep 27, 2017 9:48 pm
Forum: Investing - Theory, News & General
Topic: 4% rule and timing
Replies: 16
Views: 2354

Re: 4% rule and timing

what happens when your 4% (or whatever) SWR doubles you money over an unusually profitable decade (despite spending 4% each year) or similar? At what point do you adjust the SWR upward and make that a new starting point? Re-retire by starting over. That taken to the extreme is spending a fixed perc...
by heyyou
Sat Sep 23, 2017 12:15 am
Forum: Investing - Theory, News & General
Topic: AA if you were just starting out again
Replies: 49
Views: 3863

Re: AA if you were just starting out again

I wish that better allocating was all that I needed in my late 1970s and 1980s investing.
by heyyou
Fri Sep 22, 2017 11:53 pm
Forum: Personal Finance (Not Investing)
Topic: Age you retired
Replies: 112
Views: 8609

Re: Age you retired

Retired at 55 in 2005, into the best years of my life. My various volunteer work days felt better than any day at my job. The euphoria lasted for most of a decade.
by heyyou
Fri Sep 22, 2017 4:39 am
Forum: Investing - Help with Personal Investments
Topic: I won the Lottery. Need sound advice.
Replies: 220
Views: 24866

Re: I won the Lottery. Need sound advice.

To be considerate, always fund your wife's retirement accounts first, every year. Long term, consider learning to live on just your paycheck, and let your wife save all of her take home pay. That might help her feel better about the saving. Start small, but try to steadily bump up the amount saved e...
by heyyou
Fri Sep 22, 2017 3:40 am
Forum: Investing - Help with Personal Investments
Topic: I won the Lottery. Need sound advice.
Replies: 220
Views: 24866

Re: I won the Lottery. Need sound advice.

Vanguard PAS is Personal Advisor Services at a cost of .3% per year, much less than elsewhere. Vanguard operates like a non-profit-- when they have a profit, it is spent on reducing the fees that they charge the customers next year. There are no owners or stock holders, the business owns itself. Yes...
by heyyou
Fri Sep 22, 2017 1:39 am
Forum: Investing - Theory, News & General
Topic: If you will adapt your spending, you money will last longer.
Replies: 8
Views: 1566

If you will adapt your spending, you money will last longer.

Scott Burns's message deserves repeating--the message about personal choices and their (positive) effects on portfolio longevity, less important is the message about the Monte Carlo calculated (to tenths of a percent) set of optimal spending rules from the research paper. We have some control of our...
by heyyou
Mon Sep 18, 2017 11:40 pm
Forum: Personal Finance (Not Investing)
Topic: Calling out the not so rich bogleheads
Replies: 233
Views: 26049

Re: Calling out the not so rich bogleheads

I delivered packages for 30 years then retired at age 55, highest annual income was less than $70K. My no-COLA pension, my SS at age 70, and 4% of my portfolio, are each near the same number. When the 401k opened at my employer in the early 1980s, one of the equity fund choices was an S&P500 fund. T...
by heyyou
Sun Sep 17, 2017 2:31 pm
Forum: Personal Finance (Not Investing)
Topic: Psychological effects of Early Retirement in peak earning years.
Replies: 63
Views: 7273

Re: Physiological effects of Early Retirement in peak earning years.

It is okay keep working if work is what you prefer. The company newsletter had an article about the guy who didn't ever retire, they continued to reduce his work load until he was doing part-time, entry level work after 50+ years at the business. One alternative is to keep working until you do see t...
by heyyou
Wed Sep 13, 2017 12:13 pm
Forum: Personal Consumer Issues
Topic: Name something you had to have and now you regret purchasing it?
Replies: 275
Views: 25221

Re: Name something you had to have and now you regret purchasing it?

A collaterized commodities futures (CCF) fund in 2007

Equities will outgrow inflation if the investor stays the course for the long term.
by heyyou
Mon Sep 11, 2017 11:37 pm
Forum: Investing - Help with Personal Investments
Topic: Retirees-anyone miscalculate how much was needed?
Replies: 71
Views: 9269

Re: Retirees-anyone miscalculate how much was needed?

(1) We retired when my pension credits caught up to our spending amount, so we had inadvertently been practicing living on our initial retirement budget, a pleasant surprise in retirement. (2) When saving diligently for retirement (progressively saving more most years), 25 times that spending level ...
by heyyou
Mon Sep 11, 2017 10:49 pm
Forum: Personal Finance (Not Investing)
Topic: For those planning early retirement....
Replies: 67
Views: 8891

Re: For those planning early retirement....

Retired a dozen years ago at age 55. Early retirement became the best years of my life after a blue collar career that included having my daily productivity measured in hundredths of an hour, every day. At 55, I was patient and wiser, but still physical enough to do whatever I wanted--concrete proje...
by heyyou
Sun Sep 10, 2017 1:37 pm
Forum: Investing - Theory, News & General
Topic: Recent Hurricanes Provide Good Lesson For Investors
Replies: 30
Views: 4908

Re: Recent Hurricanes Provide Good Lesson For Investors

by Random Walker » Sun Sep 10, 2017 12:25 pm I think it's really important to consider the possibility of alternative histories. Our investing decisions can't necessarily be judged on the outcomes because only one history played out. Decisions need to be evaluated based on when they were made, not ...
by heyyou
Sat Sep 09, 2017 10:50 pm
Forum: Investing - Help with Personal Investments
Topic: Reasonable to adjust 401k allocation if you have a pension?
Replies: 20
Views: 2090

Re: Reasonable to adjust 401k allocation if you have a pension?

Short answer: Consider a 75/25 stock to bond allocation instead of a 60/40. As with many other investing decisions, it depends more on you personally than on investing theory. With an all stock portfolio, how will you react when its value equal to a year's income (5-7 years of saving), falls by 50% ...
by heyyou
Sun Sep 03, 2017 11:14 pm
Forum: Personal Consumer Issues
Topic: Things to buy/repair before (early) retirement
Replies: 32
Views: 3822

Re: Things to buy/repair before (early) retirement

Things to buy/repair before (early) retirement Take care of your health, since that can be one of your most expensive future costs. Eat right, walk some everyday, look for new hobbies or a bucket list activity that makes you move your body (besides just walking into restaurants for the early bird s...
by heyyou
Sun Sep 03, 2017 10:29 pm
Forum: Investing - Theory, News & General
Topic: How much weight do you put on back-testing?
Replies: 53
Views: 3669

Re: How much weight do you put on back-testing?

Juxtaposing some of what others have mentioned about back-testing to forecast future returns, where is the risk if the future is known? Maybe we would not like what we get if the risks are gone. For the retirees here, we have seen high inflation reduced for so long, that the low inflation has become...
by heyyou
Sat Sep 02, 2017 11:40 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 2646
Views: 848206

Re: What Book Are You Currently Reading? Part VI

Just finished Cities of Gold by Douglas Preston, published in 1993. It is about the author's horse ride following Coronado's route into the Southwest US, 450 years after the original trip. What John McPhee has done with geology on I-70 coast to coast, this author does similar with some Arizona histo...
by heyyou
Sat Sep 02, 2017 2:16 pm
Forum: Investing - Theory, News & General
Topic: OSWAN: Optimum Sleep Well At Night retirement plan
Replies: 37
Views: 3339

Re: OSWAN: Optimum Sleep Well At Night retirement plan

I keep 10 years worth of expenses in bonds funds and the rest in stocks or stock funds. Here is the research paper on spending from bonds first, if you can track the Greek symbols. http://www.retailinvestor.org/pdf/SpitzerSingh.pdf Michael H. McClung, in Living Off Your Money, recommends bonds-firs...