Search found 90 matches

by FrankLUSMC
Sun Sep 23, 2018 6:13 am
Forum: Investing - Theory, News & General
Topic: For those who use a 2 year cash(like) buffer, how do you know when to use it?
Replies: 67
Views: 5551

Re: For those who use a 2 year cash(like) buffer, how do you know when to use it?

I think I am missing something fundamental here, and I’m hoping someone can point it out to me. What I don’t understand is how keeping two (or more) years of expenses in cash is better than keeping all your money in the market and just withdrawing in such a way that your portfolio remains in (or at...
by FrankLUSMC
Fri Sep 21, 2018 1:32 pm
Forum: Investing - Theory, News & General
Topic: For those who use a 2 year cash(like) buffer, how do you know when to use it?
Replies: 67
Views: 5551

Re: For those who use a 2 year cash(like) buffer, how do you know when to use it?

JoMoney wrote:
Fri Sep 21, 2018 12:06 pm
Here's a thought - work out what your 2 year cash bucket is as a percentage of your portfolio, maintain that percentage by spending it down if necessary or rebalancing.
Thanks Jo, that is the answer I was missing.
by FrankLUSMC
Fri Sep 21, 2018 1:29 pm
Forum: Investing - Theory, News & General
Topic: For those who use a 2 year cash(like) buffer, how do you know when to use it?
Replies: 67
Views: 5551

Re: For those who use a 2 year cash(like) buffer, how do you know when to use it?

I'm still in accumulation phase but thinking about the cash buffer/bucket for a market downturn. Those that have this buffer and retired and withdrawing, do you: 1. Draw from your equities (keeping AA intact)until the market reaches a certain percent below its high? What percentage, 10 or wait for ...
by FrankLUSMC
Fri Sep 21, 2018 9:25 am
Forum: Investing - Theory, News & General
Topic: For those who use a 2 year cash(like) buffer, how do you know when to use it?
Replies: 67
Views: 5551

For those who use a 2 year cash(like) buffer, how do you know when to use it?

I'm still in accumulation phase but thinking about the cash buffer/bucket for a market downturn. Those that have this buffer and retired and withdrawing, do you: 1. Draw from your equities (keeping AA intact)until the market reaches a certain percent below its high? What percentage, 10 or wait for w...
by FrankLUSMC
Sun Aug 05, 2018 6:42 am
Forum: Personal Finance (Not Investing)
Topic: Question on Variable Universal Life Policy
Replies: 5
Views: 510

Re: Question on Variable Universal Life Policy

I recently became aware of my 66 year old friend’s life insurance policy, which he started in 1999. It’s a variable universal life policy for $150,000 with a cash value of $157,400. The monthly premium is ~$140. He does not have any dependents (he depends on his children for support), and is not wo...
by FrankLUSMC
Mon Jul 23, 2018 1:50 pm
Forum: Personal Finance (Not Investing)
Topic: Am I secure using my computer for financial services?
Replies: 28
Views: 3948

Re: Am I secure using my computer for financial services?

My information has been compromised by SC dept. or revenue in 2012, Office of Personnel Management in 2014, and of course Experian.

I have free credit monitoring for LIFE I hope. Anyway so far so good.

No matter how safe you are at home, someone is going to let the dogs out. Beware!
by FrankLUSMC
Tue Jul 10, 2018 5:34 pm
Forum: Investing - Help with Personal Investments
Topic: 28/F looking for some financial advice
Replies: 22
Views: 2699

Re: 28/F looking for some financial advice

You didn't list your employer, and it doesn't matter how big it is or how well it is doing now. 2 companies come to mind Enron and GE. You are already invested with your salary. Sell vested stocks, and not all at once, but maybe every 6 months dump some off. I made a similar mistake in 2000, when I...
by FrankLUSMC
Tue Jul 10, 2018 4:59 pm
Forum: Investing - Help with Personal Investments
Topic: 28/F looking for some financial advice
Replies: 22
Views: 2699

Re: 28/F looking for some financial advice

You didn't list your employer, and it doesn't matter how big it is or how well it is doing now. 2 companies come to mind Enron and GE. You are already invested with your salary. Sell vested stocks, and not all at once, but maybe every 6 months dump some off. For your other holdings, I'd do as previo...
by FrankLUSMC
Fri Jun 22, 2018 1:50 pm
Forum: Personal Consumer Issues
Topic: Did you celebrate when you finally hit $1m?
Replies: 209
Views: 22274

Re: Did you celebrate when you finally hit $1m?

It took wife and I almost 30 years to get that first million in 2012. Was so close in 2008, then value of home and portfolio tanked. Hung in there and kept investing. Now we are over 2 million in less than 7 years later! So it is true that the first is the most difficult. Have not celebrated anythin...
by FrankLUSMC
Tue Jun 12, 2018 4:00 pm
Forum: Investing - Theory, News & General
Topic: Vanguard -Data Concerns
Replies: 29
Views: 2470

Re: Vanguard -Data Concerns

I don't look at any funds until after 9PM, seems some take longer to get the final NAV, especially if international funds/stocks and bonds are involved in the holdings. That should not matter. NAV for mutual funds must be struck by 5 p.m. eastern. If it is international and the overseas markets are...
by FrankLUSMC
Tue Jun 12, 2018 3:41 pm
Forum: Investing - Theory, News & General
Topic: Vanguard -Data Concerns
Replies: 29
Views: 2470

Re: Vanguard -Data Concerns

I don't look at any funds until after 9PM, seems some take longer to get the final NAV, especially if international funds/stocks and bonds are involved in the holdings.
by FrankLUSMC
Tue Jun 12, 2018 3:35 pm
Forum: Investing - Theory, News & General
Topic: Vanguard - You'll need to sign up for security codes soon
Replies: 177
Views: 22341

Re: Vaguard - You'll need to sign up for security codes soon

I've been using only my phone number for 4 different accounts, same email too. For several years. I even have all our Vanguard accounts registered with Voya. This sometimes triggers the security code, so I get 2 codes and I sometimes have to guess for which account, but you get a second try if the g...
by FrankLUSMC
Wed Apr 25, 2018 4:04 pm
Forum: Personal Finance (Not Investing)
Topic: Cashing out of the Bay Area
Replies: 84
Views: 11560

Re: Cashing out of the Bay Area

Bungo: I have an acquaintance who moved from the Bay Area around 2004-2005 to Columbia South Carolina to retire. Sold their California 1700sq. Ft. 1960,s era ranch house for around 600k and bought a brand new 3000sq. Ft house for the low $300's. They miss nether the high taxes and cost of living or...
by FrankLUSMC
Wed Apr 18, 2018 4:35 pm
Forum: Investing - Help with Personal Investments
Topic: 1 Year a Boglehead - Check-In/Up
Replies: 13
Views: 1317

Re: 1 Year a Boglehead - Check-In/Up

You may want to run the numbers on SS. "SS His - I'll project $3,000/mo at 67 (wait until 70 @ $3500)* SS Hers - $ 1500 spousal benefit of his. (did not work enough to beat $1500/mo ) " I think that you can file and suspend (until 70) at your FRA (67) while allowing you wife to file for hers (and sp...
by FrankLUSMC
Wed Apr 18, 2018 4:20 pm
Forum: Personal Finance (Not Investing)
Topic: 3 years away from leaving military and buying home
Replies: 5
Views: 748

Re: 3 years away from leaving military and buying home

Well,,,,,, this

"I'm willing to liquidate everything to purchase my home (including TSP and IRA, regardless of the 10%(?)"

Sounds pretty crazy to me. You have locked up tax free funds for life, don't give it away.
by FrankLUSMC
Wed Apr 18, 2018 7:10 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio review looking to retire in 1-2 years
Replies: 23
Views: 2933

Re: Portfolio review looking to retire in 1-2 years

With 2 children under 8, anything can happen between now and THEIR independence (18 or 22). I know you are itching to retire, but I think you have 2 reasons (responsibility) to wait at least ten more years. There really is not a good way to estimate your budget for them for 10 years. Just my .02 Edi...
by FrankLUSMC
Sat Apr 14, 2018 12:14 pm
Forum: Investing - Theory, News & General
Topic: What hedge strategies do you employ?
Replies: 29
Views: 3132

Re: What hedge strategies do you employ?

unclescrooge wrote:
Sat Apr 14, 2018 9:39 am
I hedge my alcohol and chocolate consumption with a few extra shares of Diageo and Nestle :mrgreen:
Nice, I prefer to use VHT to hedge my addictions! :sharebeer
by FrankLUSMC
Sat Mar 31, 2018 7:59 pm
Forum: Investing - Help with Personal Investments
Topic: Help me with a dividend question on VIIIX
Replies: 20
Views: 1566

Re: Help me with a dividend question on VIIIX

Quarterly dividend per vanguard’s site is $1.0089 If I have 5,000 shared of VIIiX, wouldn’t that mean my quarterly dividend would be about $5,000 this week? Well, yeah, but that would also mean you have $1,203,200 in that fund. Ha HA, and even that isn't enough. Institutional shares require 100,000...
by FrankLUSMC
Sat Mar 31, 2018 7:50 pm
Forum: Investing - Help with Personal Investments
Topic: Help me with a dividend question on VIIIX
Replies: 20
Views: 1566

Re: Help me with a dividend question on VIIIX

yes correct,

the previous dividends were:
Dec 22, 2017 1.237 Dividend
Sep 21, 2017 1.214 Dividend
Jun 22, 2017 0.984 Dividend
by FrankLUSMC
Sat Mar 31, 2018 7:46 pm
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 367
Views: 32534

Got my Ruth's Chris seminar invitation, "Surviving Retirement"

[Thread merged into here, see below. --admin LadyGeek] Reservation made for April 16 at Ruth's Chris.... YUUUMM! I'm going to highlight the second paragraph and bring with me just in case I get grief. "No fee, no contracts, no obligation, just a fun time of learning how to combat the erosion of you...
by FrankLUSMC
Thu Mar 29, 2018 4:50 pm
Forum: Investing - Theory, News & General
Topic: What is the endgame for Millennials?
Replies: 128
Views: 10545

Re: What is the endgame for Millennials?

What I suppose will happen is that a nuclear mag pulse will cause all the cryogenic labs and their backup generators to fail sometime later this century causing all mankind to become extinct.
by FrankLUSMC
Thu Mar 29, 2018 4:44 pm
Forum: Investing - Theory, News & General
Topic: Is technical analysis all smoke and mirrors?
Replies: 62
Views: 6221

Re: Is technical analysis all smoke and mirrors?

triceratop wrote:
Thu Mar 29, 2018 12:36 pm
How could I remove a post including a link to a SIAM Review paper? I love SIAM Review! :D

edit: I also know some of the people named in the article! :O

Thanks for the link, reading now. It's highly actionable.
It is in the Theory section, no actions necessary right?
by FrankLUSMC
Wed Mar 28, 2018 7:57 am
Forum: Investing - Help with Personal Investments
Topic: Max-funding an Index Universal Life policy to the IRS limit??
Replies: 108
Views: 7160

Re: Max-funding an Index Universal Life policy to the IRS limit??

OP says "Lastly it grows tax free and distributions are tax free regardless of what age I am when I dip into the cash value. " I think you may want to double check that distributions will be tax free. Your principal will be, but any gains are usually distributed first and these are taxable as income...
by FrankLUSMC
Mon Mar 26, 2018 7:52 am
Forum: Investing - Theory, News & General
Topic: "Buying at a discount" ?
Replies: 11
Views: 1819

Re: "Buying at a discount" ?

During the latest bull-run, I have noticed lots of people saying the hope for a correction/bear to" buy at a discount". I wonder wheter lots of people were following through during the financial crisis? Because somebody who was actually buying during financial crises told me he had the feeling of b...
by FrankLUSMC
Fri Mar 23, 2018 1:08 pm
Forum: Investing - Help with Personal Investments
Topic: Should I sell Wellington Fund Today?
Replies: 30
Views: 4393

Re: Should I sell Wellington Fund Today?

I would sell if I were needing it shortly for down payment of home.
You have a mostly long term gain, the rollover dividends have stepped up your basis, so pull the trigger, sell, sell, sell!
by FrankLUSMC
Thu Mar 22, 2018 3:19 pm
Forum: Investing - Theory, News & General
Topic: I’m looking for a word...
Replies: 114
Views: 10626

Re: I’m looking for a word...

Murphy's Law
by FrankLUSMC
Wed Mar 21, 2018 3:06 pm
Forum: Investing - Help with Personal Investments
Topic: Spousal Social Security
Replies: 14
Views: 1799

Re: Spousal Social Security

That is a good plan and what I was planning on until they changed the rules. I'm a '57 and wife a '58 model year. So no go for us now.
by FrankLUSMC
Wed Mar 21, 2018 3:02 pm
Forum: Investing - Help with Personal Investments
Topic: Immediate annuity bridge to Social Security
Replies: 10
Views: 1126

Re: Immediate annuity bridge to Social Security

NotWhoYouThink wrote:
Wed Mar 21, 2018 2:39 pm
It's been a few decades since I applied for an apartment lease. Maybe if your income isn't high enough but you have assets you could offer to pay 6 months or a year in advance.
I agree, for retirees, you list your assets and the lessee takes their chances.
by FrankLUSMC
Wed Mar 21, 2018 2:26 pm
Forum: Investing - Help with Personal Investments
Topic: Immediate annuity bridge to Social Security
Replies: 10
Views: 1126

Re: Immediate annuity bridge to Social Security

Why not do a 5 year CD ladder? Less expensive than annuity and stays in your IRA until you need it.
by FrankLUSMC
Wed Mar 21, 2018 7:58 am
Forum: Personal Finance (Not Investing)
Topic: Downloadable Social Security Benefit Estimator (repost)
Replies: 73
Views: 9443

Re: Downloadable Social Security Benefit Estimator (repost)

It doesn't work with Libre, entered all income fields, but the benefits cells are stuck at low values:

AIME stuck at 262 across all cells
PIA at 234 across all cells.
Monthly benefit does increase, but it is at low values, $170 at 62 up to $300 at 70.

My SSA account says $1778 at 62 and $2439 at 70
by FrankLUSMC
Sun Mar 18, 2018 9:41 am
Forum: Personal Finance (Not Investing)
Topic: Spoke to a financial advisor yesterday - what do you think he's up to?
Replies: 81
Views: 9251

Re: Spoke to a financial advisor yesterday - what do you think he's up to?

I think there are a couple of big details that people are missing - a) He's offering his services for free and will provide fund selection advice in vanguard if thats what we want. In this situation, I really do think he's providing an employee with a _free_ service. b) He's suggesting that there a...
by FrankLUSMC
Wed Mar 07, 2018 8:16 pm
Forum: Personal Finance (Not Investing)
Topic: HSA family max contribution lowered to $6850 for 2018 [and changed to $6900 again]
Replies: 128
Views: 15254

Re: HSA family max contribution lowered to $6850 for 2018

Just went to my Optum HSA account today and they still list 7900 (over 50) as the contribution limit. The changes may take some time.
by FrankLUSMC
Tue Mar 06, 2018 5:25 pm
Forum: Personal Consumer Issues
Topic: Cheapest way to get spare car keys
Replies: 32
Views: 4777

Re: Cheapest way to get spare car keys

Batteries+ stores can do chip keys and fobs.
by FrankLUSMC
Tue Feb 27, 2018 6:19 pm
Forum: Personal Finance (Not Investing)
Topic: Defining "House Poor"
Replies: 299
Views: 19141

Re: Defining "House Poor"

Well this escalated into 5 pages quickly and I haven't read half of the first. So I think that there are 2 stages of house poor. 1. When working, if mortgage PITI is too steep to allow for saving for retirement, education and keeping other debt low, then you are house poor. 2. In retirement, if you ...
by FrankLUSMC
Mon Feb 26, 2018 4:35 pm
Forum: Investing - Help with Personal Investments
Topic: I bought options...what do I do with them
Replies: 9
Views: 1020

Re: I bought options...what do I do with them

Well, here goes nothing. You haven't said what your option net gains would be, but I suspect you have good gains there. Sell the March options and pocket the gains. Let the June ride a bit, when you get the gut feeling then sell. You have 1300 shares meaning you could sell 13 "covered" Call 24.00 fo...
by FrankLUSMC
Tue Feb 20, 2018 10:19 am
Forum: Personal Finance (Not Investing)
Topic: Considering move to Tulsa, OK
Replies: 21
Views: 2761

Re: Considering move to Tulsa, OK

Tulsa is a great place to live. But you know, whether you will like it or not will probably heavily depend on where you live now and where you have lived in the past. For instance, if you have lived your whole life in Amarillo, then Tulsa would be a step up. And I have to mention earthquakes and fl...
by FrankLUSMC
Tue Feb 20, 2018 10:10 am
Forum: Investing - Theory, News & General
Topic: Sequence of returns risk while accumulating
Replies: 65
Views: 4904

Re: Sequence of returns risk while accumulating

OP, 1) In summary, saves more since working longer may not be a viable option. 2) And, for most people, it comes down to do not be "House Poor". Once a person buys the house that everyone expects you to buy, you are in debt to the house for a very long period of time. Savings go out of the window. ...
by FrankLUSMC
Tue Feb 20, 2018 8:46 am
Forum: Investing - Theory, News & General
Topic: Sequence of returns risk while accumulating
Replies: 65
Views: 4904

Re: Sequence of returns risk while accumulating

OP, 1) In summary, saves more since working longer may not be a viable option. 2) And, for most people, it comes down to do not be "House Poor". Once a person buys the house that everyone expects you to buy, you are in debt to the house for a very long period of time. Savings go out of the window. ...
by FrankLUSMC
Tue Feb 20, 2018 8:35 am
Forum: Personal Consumer Issues
Topic: Suggest coffee maker please
Replies: 113
Views: 7933

Re: Suggest coffee maker please

Also the stainless version will last longer if you use it heavily. Aluminum will tend to warp from the heat. I love the sound these things make, I start drooling like a dog when I hear the rumble and whoosh! I have one made of aluminum that I have used for decades. It has certainly oxidized but has...
by FrankLUSMC
Tue Feb 20, 2018 8:19 am
Forum: Personal Consumer Issues
Topic: Suggest coffee maker please
Replies: 113
Views: 7933

Re: Suggest coffee maker please

One thing I should mention about the moka express pots is that eventually the rubber gasket needs replacement. Don't replace it with one from Bialetti. Get one online made of silicone instead. The ones made of silicone should last indefinitely rather than needing replacement every few years. +1 Als...
by FrankLUSMC
Tue Feb 20, 2018 7:54 am
Forum: Personal Consumer Issues
Topic: Suggest coffee maker please
Replies: 113
Views: 7933

Re: Suggest coffee maker please

Lots of ways to get strong coffee including cowboy coffee as you describe. Pourover methods would probably be better if you want to go that route. Why not get a Bialetti Moka Express? It's easy to use, makes a strong cup of coffee, you can add more or less coffee and adjust the grind to change the ...
by FrankLUSMC
Tue Feb 20, 2018 7:44 am
Forum: Personal Consumer Issues
Topic: Email from IRS this morning- is my information compromised?
Replies: 21
Views: 2809

Re: Email from IRS this morning- is my information compromised?

Don't click a link to log on. Go to Irs.gov directly to log on. It probably is fishing. They can spoof a link to look like a good address.
by FrankLUSMC
Tue Feb 20, 2018 7:39 am
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 3745
Views: 1066246

Re: What Movie Have You Recently Watched?

Just watched "Money Monster" (2016) on HBO, it probably didn't make the big screen. George Clooney and Julia Roberts. Was a parody of Jim Cramer's "Mad Money". George Clooney is the host of the finance show and Roberts is the producer. The show gets hi-jacked by a man who lost his inheritance when h...
by FrankLUSMC
Mon Feb 19, 2018 7:49 am
Forum: Personal Finance (Not Investing)
Topic: First offer on a house...gut check
Replies: 16
Views: 2651

Re: First offer on a house...gut check

If you are in a HCOL area and it looks like you are, then pull the trigger. If you are in a LCOL, then you may be the big man in town, and would hesitate. Its difficult to recover your costs on an expensive home in LCOL. I live in an area of SC where 500K homes sit on market for over 12 months and m...
by FrankLUSMC
Mon Feb 19, 2018 7:43 am
Forum: Personal Finance (Not Investing)
Topic: Looking for some help and fast (buying vs renting, net worth)
Replies: 52
Views: 4228

Re: Looking for some help and fast (buying vs renting, net worth)

On a 30 year mortgage you really don't gain much equity if you plan on selling in 10 years. That would depend on market appreciation of the house, it could go up or it could bust. I've been a homeowner since 1980, have had 3 homes. I love the homes I've had, but have paid lots of interest too. If yo...
by FrankLUSMC
Sun Feb 18, 2018 6:30 pm
Forum: Personal Finance (Not Investing)
Topic: My MetLife Flexible Premium Multi-funded Life experience, Did I get lucky?
Replies: 4
Views: 754

Re: My MetLife Flexible Premium Multi-funded Life experience, Did I get lucky?

I read it that he converted the Term policy to FPLM in 2004 and started paying the $3360 at that time. I would hope he wasn't paying $3360 for a 250K term policy. Correct converted in late 2003. I changed beneficiary to my family trust. Anyway my bubble was popped, but who knows what the value will...
by FrankLUSMC
Sun Feb 18, 2018 1:54 pm
Forum: Personal Finance (Not Investing)
Topic: My MetLife Flexible Premium Multi-funded Life experience, Did I get lucky?
Replies: 4
Views: 754

My MetLife Flexible Premium Multi-funded Life experience, Did I get lucky?

Whew long title, hope it shows up! Background: Got divorced in 1994 (my age 37) and separation agreement required Term life insurance minimum of $250K for daughter. In late 2003 I get a letter saying I could convert my $250K term to FPML (Flexible Premium Multi-funded Life) and would get $2K immedia...
by FrankLUSMC
Sat Feb 17, 2018 6:46 pm
Forum: Personal Consumer Issues
Topic: Best plants to grow to save money for food costs
Replies: 93
Views: 6161

Re: Best plants to grow to save money for food costs

Something that might be fun is foraging for wild plants, nuts, fruits in your area that you can use in your meals and snacks. When my wife decides to retire and we move to our retirement home in Maine, I plan to take a course or two for that. My grandfather used to come from his house in the city t...
by FrankLUSMC
Wed Feb 14, 2018 11:58 am
Forum: Investing - Help with Personal Investments
Topic: Is This Action by Megacorp Legal?
Replies: 65
Views: 4835

Re: Is This Action by Megacorp Legal?

Happens everywhere I've worked. But we always received advanced notice of the changes as well as notice of the mapping of old funds to new funds. Even when a company doesn't change who holds their 401K, there is usually a committee that is monitoring the funds and making changes over time, dropping...