Bogleheads.org

FrankLUSMC

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...

FrankLUSMC

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.

FrankLUSMC

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 ...

FrankLUSMC

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...

FrankLUSMC

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...

FrankLUSMC

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!

FrankLUSMC

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...

FrankLUSMC

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...

FrankLUSMC

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...

FrankLUSMC

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...

FrankLUSMC

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.

FrankLUSMC

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...

FrankLUSMC

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...

FrankLUSMC

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...

FrankLUSMC

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.

FrankLUSMC

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...

FrankLUSMC

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

Nice, I prefer to use VHT to hedge my addictions!

FrankLUSMC

Nice!!!

FrankLUSMC

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...

FrankLUSMC

yes correct,

the previous dividends were:
Dec 22, 2017 1.237 Dividend
Sep 21, 2017 1.214 Dividend
Jun 22, 2017 0.984 Dividend

FrankLUSMC

[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...

FrankLUSMC

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.

FrankLUSMC

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!

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?

FrankLUSMC

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...

FrankLUSMC

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...

FrankLUSMC

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!

FrankLUSMC

Murphy's Law

FrankLUSMC

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.

FrankLUSMC

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.

FrankLUSMC

Why not do a 5 year CD ladder? Less expensive than annuity and stays in your IRA until you need it.

FrankLUSMC

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

FrankLUSMC

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...

FrankLUSMC

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.

FrankLUSMC

Batteries+ stores can do chip keys and fobs.

FrankLUSMC

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 ...

FrankLUSMC

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...

FrankLUSMC

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...

FrankLUSMC

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. ...

FrankLUSMC

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. ...

FrankLUSMC

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...

FrankLUSMC

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...

FrankLUSMC

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 ...

FrankLUSMC

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.

FrankLUSMC

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...

FrankLUSMC

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...

FrankLUSMC

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...

FrankLUSMC

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...

FrankLUSMC

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...

FrankLUSMC

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...

FrankLUSMC

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...

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