Search found 56 matches

by ad2007
Sat Jul 07, 2018 5:35 am
Forum: Personal Finance (Not Investing)
Topic: How to "retire" in your 30's article
Replies: 110
Views: 14510

Re: How to "retire" in your 30's article

The article lacks any details for an article titled "How to retire in your 30s", and is poorly written. Agreed. And all the "retire in your 30's and 40's" articles I've read have been... potentially harmful. It's like planning a trip into the wilderness and not packing enough provisions because may...
by ad2007
Wed Jun 06, 2018 8:52 am
Forum: Investing - Help with Personal Investments
Topic: Should I put some money aside in money market for market correction
Replies: 94
Views: 6915

Re: Should I put some money aside in money market for market correction

But to say market timing is impossible is just ridiculous. Being a pro basketball player is not impossible. It's impossible for me. I think it's dangerous to talk about market timing without a disclaimer. Something to the effect of: you'll likely fail, it's practically impossible in the long run.
by ad2007
Wed Jun 06, 2018 8:48 am
Forum: Investing - Help with Personal Investments
Topic: Should I put some money aside in money market for market correction
Replies: 94
Views: 6915

Re: Should I put some money aside in money market for market correction

Should I put some money aside in money market for market correction? Depends... How much (% of total portfolio) are we talking about? If you're going 100% cash right now waiting for a correction, you're have no business being here. No Boglehead is going to advocate that. But if it makes you feel bet...
by ad2007
Fri Jun 01, 2018 9:36 am
Forum: Personal Finance (Not Investing)
Topic: is Having more and needing less normal?
Replies: 113
Views: 8798

Re: is Having more and needing less normal?

60 is not old to start with. ...............You don't need some gizmo to give you a sense of self worth. Or you are just tired of trying to figure out how they work. Flip Phones Forever!!! Going back to the rotary phones, on the wall, in the kitchen (I wish) - getting tired of my butt ring whenever...
by ad2007
Wed May 30, 2018 9:45 am
Forum: Investing - Theory, News & General
Topic: Buy on Really Bad Days, Sell on Really Good Days?
Replies: 220
Views: 17853

Re: Buy on Really Bad Days, Sell on Really Good Days?

annual income currently over $1.2M With high income, wouldn't it make more sense to focus on your tax bill? Selling on RGDs doesn't make much sense with tax rates of 23.8%(long) and 39.6%(short) on the gains. Even taxes on qualified dividends at 23.8% is quite painful for buying and holding index f...
by ad2007
Wed May 23, 2018 9:33 am
Forum: Personal Finance (Not Investing)
Topic: Small Business Owner - how to build retirement wealth
Replies: 33
Views: 3213

Re: Small Business Owner - how to build retirement wealth

JBTX,

How much are the owner(s) paying him/herself or themselves? If it's an S-corp, wouldn't they net more by keeping earned income at min (the business runs by itself, hands off right?) and take everything else as dividend/distribution - put that into an after-tax acct.
by ad2007
Wed May 23, 2018 5:26 am
Forum: Investing - Help with Personal Investments
Topic: How do you stop moving the goal posts.
Replies: 62
Views: 5057

Re: How do you stop moving the goal posts.

Continuing to work longer will not increase your sense of security. You've hit the financial goal you specified above. Hate to disagree, but I continue to work simply because I feel more secured having a job (keeping my business) and having that income stream. SAFE withdraw rates of 4%, 3%, 2%, 1% ...
by ad2007
Wed May 23, 2018 5:21 am
Forum: Investing - Help with Personal Investments
Topic: How do you stop moving the goal posts.
Replies: 62
Views: 5057

Re: How do you stop moving the goal posts.

Personally, I don't see myself as having given any freedom these past 4 years, to the contrary I went back to work after a nearly one year hiatus mostly because I was bored and directionless. If my balances were 30% less than 4 years ago I would be even more thrilled at my decision to keep working ...
by ad2007
Tue May 22, 2018 9:55 am
Forum: Personal Consumer Issues
Topic: Is there a boglehead muscle car?
Replies: 140
Views: 8718

Re: Is there a boglehead muscle car?

As a 79+ year older .....My sore back prevents me from another Corvette... A BH to the end. This was a fun thread for me to read. Dom drdrgolf Few years back, an older gentleman was going to trade his C6 Corvette 427 for my Lotus Exige. The guy could not get in the Exige no matter how hard he tried...
by ad2007
Fri May 18, 2018 10:43 pm
Forum: Investing - Theory, News & General
Topic: Why do so many people quote "You will likely be in a lower tax bracket in retirement"
Replies: 550
Views: 35750

Re: Why do so many people quote "You will likely be in a lower tax bracket in retirement"

$6 - $13M sounds good - and now I see the calculations too. Whew, thank you so much, thought I was screwing something up. I'll be heading back to the salt mine and keep adding to 401K a bit more.

I'll stop hijacking this thread now.

Thank you.

ad
by ad2007
Fri May 18, 2018 10:12 pm
Forum: Investing - Theory, News & General
Topic: Why do so many people quote "You will likely be in a lower tax bracket in retirement"
Replies: 550
Views: 35750

Re: Why do so many people quote "You will likely be in a lower tax bracket in retirement"

Klangfool, (or anyone else who understands this) Can you please go over again why it makes sense to direct money into Roth 401K once the tax deferred account reaches $1M? Or some magic number? How do figure that number? Oh, and I've not gotten to the "OMG, I get it". Actually getting more confused....
by ad2007
Fri May 18, 2018 9:25 pm
Forum: Investing - Theory, News & General
Topic: Why do so many people quote "You will likely be in a lower tax bracket in retirement"
Replies: 550
Views: 35750

Re: Why do so many people quote "You will likely be in a lower tax bracket in retirement"

Klangfool, (or anyone else who understands this) Can you please go over again why it makes sense to direct money into Roth 401K once the tax deferred account reaches $1M? Or some magic number? How do figure that number? Oh, and I've not gotten to the "OMG, I get it". Actually getting more confused. ...
by ad2007
Fri May 18, 2018 7:54 am
Forum: Investing - Theory, News & General
Topic: Why do so many people quote "You will likely be in a lower tax bracket in retirement"
Replies: 550
Views: 35750

Re: Why do so many people quote "You will likely be in a lower tax bracket in retirement"

Roth or Roth type accounts win out regardless of your current tax rate vs. whatever future rate you May I ask what is/was your marginal tax rate during your accumulation period? If you are at the highest tax rate now/while accumulating, aren't you simply betting on higher future tax rates? From wha...
by ad2007
Thu May 17, 2018 8:21 am
Forum: Investing - Theory, News & General
Topic: Why do so many people quote "You will likely be in a lower tax bracket in retirement"
Replies: 550
Views: 35750

Re: Why do so many people quote "You will likely be in a lower tax bracket in retirement"

livesoft wrote:
Wed May 16, 2018 8:10 pm
Another thing that people neglect is that standard deduction and tax brackets are indexed to COLA, so when they have portfolios of $10 million, the standard deduction will be $500,000 or so.
Can you please explain...
by ad2007
Wed May 16, 2018 8:25 am
Forum: Investing - Help with Personal Investments
Topic: Tax Harvesting
Replies: 5
Views: 799

Re: Tax Harvesting

Thank you all.

Looks like I'll be locking in some losses today.
by ad2007
Wed May 16, 2018 8:13 am
Forum: Personal Consumer Issues
Topic: To take or not to take delivery of Tesla 3
Replies: 1326
Views: 103905

Re: To take or not to take delivery of Tesla 3

Tesla has auto pilot and auto braking trouble IMO. See below. Another model S was involved in a bad car wreck in Utah and there is no indication that the brakes were ever applied. Something is certainly fishy. https://www.usatoday.com/story/news/nation/2018/05/12/tesla-autopilot-slams-into-truck-st...
by ad2007
Tue May 15, 2018 10:55 am
Forum: Investing - Help with Personal Investments
Topic: Tax Harvesting
Replies: 5
Views: 799

Tax Harvesting

Would these two funds be considered substantially identical?

VWIUX (intermediate term tax exempt bond fund)
VMLTX (limited term tax exempt bond fund)

if so, which Vanguard tax exempt bond fund should I consider for tax harvesting purposes once I sell VWIUX?

Thank you.
by ad2007
Mon May 14, 2018 8:52 am
Forum: Personal Consumer Issues
Topic: Is there a boglehead muscle car?
Replies: 140
Views: 8718

Re: Is there a boglehead muscle car?

Oh, NASCAR runs the Camry.

I often see the Camry recommended, so that's it, That must be the Boglehead Muscle Car
by ad2007
Mon May 14, 2018 8:51 am
Forum: Personal Consumer Issues
Topic: Is there a boglehead muscle car?
Replies: 140
Views: 8718

Re: Is there a boglehead muscle car?

... more fuel efficient v6 Come on now, that's the antithesis of a muscle car. To qualify your ride as a muscle car, you have to buy a reliable modern day 2 door coupe with a V8 from GM, Ford or Dodge. Upon delivery, start doing completely idiotic mods: like changing out the camshaft, ECU tune, add...
by ad2007
Fri May 11, 2018 11:10 am
Forum: Investing - Help with Personal Investments
Topic: Living off Dividends of Vanguard Total Stock
Replies: 49
Views: 6801

Re: Living off Dividends of Vanguard Total Stock

Sounds like the OP has enough invested to live off roughly 2%. As far as how safe this strategy is, doesn't it all depend on how flexible the OP has on that 2%? If the OP can cut his annual expenses in a pinch (or get a decent paying gig - depending on OP's skill set), I don't see why he has to take...
by ad2007
Wed May 09, 2018 12:28 pm
Forum: Personal Consumer Issues
Topic: Custom suit needed for a wedding. Help me shop around!!
Replies: 30
Views: 2277

Re: Custom suit needed for a wedding. Help me shop around!!

I got mine made here: https://www.tripadvisor.com/Attraction_Review-g298082-d1878338-Reviews-Kimmy_Custom_Tailor-Hoi_An_Quang_Nam_Province.html If you have time and have always had the desire to visit Vietnam, here is your chance. You will wind up with a great suit for a lot less than you would pay...
by ad2007
Wed May 09, 2018 10:51 am
Forum: Personal Consumer Issues
Topic: Build a retaining wall ?
Replies: 19
Views: 1621

Re: Build a retaining wall ?

I'm looking to build a retaining wall at the corner of our house. It has a pretty good slope to it and the rain gutter empties there. I've looked at some youtube videos but honestly man of them appear to use special equipment etc. Any of you have any links or sources on how to just build a simple r...
by ad2007
Wed May 09, 2018 8:35 am
Forum: Personal Finance (Not Investing)
Topic: How to handle problem employee
Replies: 84
Views: 5884

Re: How to handle problem employee

I'm a relatively new manager, just 6 months into the job. I inherited an employee and I think I'm seeing that we have a personality conflict. She has a fair amount of experience at other companies, but is pretty new to our company. I think you may not appreciate her experience, especially if proces...
by ad2007
Wed May 09, 2018 8:06 am
Forum: Personal Finance (Not Investing)
Topic: How to handle problem employee
Replies: 84
Views: 5884

Re: How to handle problem employee

Who is your mentor at your current employer? I have both my manager and VP that I've talked to this about. They both see it as well, but said last time to let it play out a bit. I'll have to revisit this with them. Or take care of it yourself. I would not want my boss/mentor to think I can't handle...
by ad2007
Mon May 07, 2018 1:46 pm
Forum: Personal Finance (Not Investing)
Topic: What career for smartest kid in the class?
Replies: 132
Views: 8639

Re: What career for smartest kid in the class?

Good grades (smartest kid in class), IQ (straight up smart/intelligent) and success don't correlate. Do they? They correlate, but the correlation is not 100%. Once you get to some threshold, you are smart enough to have good grades, if that interests you, or to make piles of money, if that interest...
by ad2007
Mon May 07, 2018 1:44 pm
Forum: Personal Finance (Not Investing)
Topic: What career for smartest kid in the class?
Replies: 132
Views: 8639

Re: What career for smartest kid in the class?

Cruise wrote:
Mon May 07, 2018 1:22 pm
Still, IQ is one of the best predictors of professional success there is (but the correlation values are pretty low).
Question from the back of the room here.

What does that mean? Best predictor vs correlation?
by ad2007
Mon May 07, 2018 9:47 am
Forum: Personal Finance (Not Investing)
Topic: What career for smartest kid in the class?
Replies: 132
Views: 8639

Re: What career for smartest kid in the class?

Good grades (smartest kid in class), IQ (straight up smart/intelligent) and success don't correlate.
Do they?
by ad2007
Mon May 07, 2018 7:39 am
Forum: Personal Consumer Issues
Topic: To take or not to take delivery of Tesla 3
Replies: 1326
Views: 103905

Re: To take or not to take delivery of Tesla 3

At least for me the charging mostly occurs in my garage over night. Each morning I have a full battery. Is that advisable? Topping off the charge daily? Thought that was a no no for batteries. I'm really interested in getting an ev but can't seem to get past the "what if I run out of charge?" Waiti...
by ad2007
Thu May 03, 2018 8:15 am
Forum: Personal Finance (Not Investing)
Topic: When to buy a new car (need to find a Boglehead way)
Replies: 34
Views: 2867

Re: When to buy a new car (need to find a Boglehead way)

sitout wrote:
Mon Apr 30, 2018 10:55 am
One has a finite number of different vehicles to enjoy and experience in a lifetime.
Carnut with a bucket list?
by ad2007
Tue Apr 24, 2018 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: How long have you been unemployed?
Replies: 60
Views: 5879

Re: How long have you been unemployed?

tennisplyr wrote:
Sun Apr 22, 2018 8:37 am
Retired now for 7 years. Keep fighting, do something every day to advance the cause.
What do you mean by this statement?
by ad2007
Mon Apr 16, 2018 8:04 am
Forum: Personal Finance (Not Investing)
Topic: Can I retire at age 40?
Replies: 158
Views: 17610

Re: Can I retire at age 40?

What's your plan for insurance: health, dental, life? Does the $120K include? What's your budget for those items?
by ad2007
Fri Apr 13, 2018 7:40 am
Forum: Investing - Help with Personal Investments
Topic: Why am I even holding BND? It has only been losing me money.
Replies: 62
Views: 9250

Re: Why am I even holding BND? It has only been losing me money.

OP, How did you arrive at your 60/30/10 allocation? And do you think that the 60/30 will always go up? I've been through a few bear markets and am glad that I have a healthy portion in bonds for the next downturn. BTW 10% won't make huge impact either way. Go 100% stocks. I've never owned bonds unti...
by ad2007
Wed Apr 11, 2018 5:07 am
Forum: Personal Finance (Not Investing)
Topic: irs filing rental property mistake?- less than fair market "rent" to family
Replies: 8
Views: 1106

Re: irs filing rental property mistake?- less than fair market "rent" to family

curlydave, How do you calculate/factor the lower rental rate if you know the tenant is/will be stable long term? Percentage wise? We've kept a few of our rentals 10-30% below "full market" for the same reasons you mentioned, but am in the process of having an accountant evaluate this. OP, My vague u...
by ad2007
Tue Apr 10, 2018 11:22 am
Forum: Personal Finance (Not Investing)
Topic: Prepay Capital Gains Tax from Home Sale?
Replies: 3
Views: 375

Re: Prepay Capital Gains Tax from Home Sale?

Sold a rental condo in 2017, sent in a tax prepayment just to be sure.
by ad2007
Mon Apr 09, 2018 6:08 am
Forum: Personal Consumer Issues
Topic: New Lexus LS or Tesla Model S
Replies: 63
Views: 4759

Re: New Lexus LS or Tesla Model S

would avoid the tesla based on a family member's poor experience. But they are very different types of cars. Would get a 1-2 year old panamera CPO for sporty, or a preowned S Class 1 year old for luxury. Look at a 2017 Bmw 7 also. Lexus is nice for modern reliable sedan also. Ultimately, you cant g...
by ad2007
Thu Apr 05, 2018 7:58 am
Forum: Investing - Help with Personal Investments
Topic: How do Bogleheads Take Advantage of Dips When Fully Invested?
Replies: 55
Views: 7513

Re: How do Bogleheads Take Advantage of Dips When Fully Invested?

OP, when you see the market drop a few %, you would like to "do something". Isn't that market timing?

Regarding rebalancing. If you think it increases your portfolio returns, wouldn't that also be market timing.

But I think we can all agree that market timing is tough for most folks.
by ad2007
Wed Apr 04, 2018 1:46 pm
Forum: Personal Consumer Issues
Topic: Want/need some income in semi-retirement
Replies: 90
Views: 7039

Re: Want/need some income in semi-retirement

I knew a retiree who got a job at Home Depot. Might be fun walking around the store helping people with their projects. Agree. I spend a lot of time at Home Depot, and got to know the gentleman that works in the hardware department. Brilliant retired engineer. He promised to let me know when he dec...
by ad2007
Mon Mar 26, 2018 10:18 am
Forum: Personal Consumer Issues
Topic: Any hand written letter services out there that write and mail on your behalf?
Replies: 25
Views: 2521

Re: Any hand written letter services out there that write and mail on your behalf?

a personal hand written letter goes much further than emails...especially when corresponding with banks, hospitals, warranty claims, shopping quotes, etc. What impact do you think a hand written note will have with institutions such as banks, hospitals, claims, quotes? Do you feel it would impact t...
by ad2007
Mon Mar 26, 2018 9:22 am
Forum: Personal Finance (Not Investing)
Topic: What Budget? Do you keep one?
Replies: 116
Views: 8096

Re: What Budget? Do you keep one?

Biggest expenses: Home, Car, Food, Travel. If you can keep these under control you're usually pretty good. I try to keep hobbies and going out inexpensive too. Biggest expense for me is the elephant in the room: health care! EXACTLY!!! Uncertainty. To me, there are way too many unknowns. Even with ...
by ad2007
Fri Mar 23, 2018 1:19 pm
Forum: Personal Finance (Not Investing)
Topic: What Budget? Do you keep one?
Replies: 116
Views: 8096

Re: What Budget? Do you keep one?

I have found it much easier to track savings rather than spending or budgets. That's what I've done. I always save as much as I can. Obviously spend on needs and then splurge on whatever (this category changes all the time) - but always save something. This exercise came about a few years ago when ...
by ad2007
Fri Mar 23, 2018 11:24 am
Forum: Personal Finance (Not Investing)
Topic: Help my wife when I die.
Replies: 37
Views: 4443

Re: Help my wife when I die.

The idea that somebody can plan his entire life at age 27 is outright stupid. As Dwight Eisenhower said, "Plans are useless, but planning is essential" (or something like that). There are lots of things we can make fun of millennials for but "stupid" doesn't strike we as the right word to describe ...
by ad2007
Fri Mar 23, 2018 10:37 am
Forum: Personal Finance (Not Investing)
Topic: Buying vs renting - really tough decision to make
Replies: 64
Views: 4870

Re: Buying vs renting - really tough decision to make

There's no way of knowing. Living in a larger home will cost you more irregardless whether you buy or rent, so you'll ultimately have less in the bank. Buying a home and hoping that it will appreciate more than the stock market? Only if you're lucky. We've owned 7 homes thus far, and I can only reme...
by ad2007
Fri Mar 23, 2018 7:35 am
Forum: Personal Finance (Not Investing)
Topic: What Budget? Do you keep one?
Replies: 116
Views: 8096

Re: What Budget? Do you keep one?

JBTX,
Thanks for your post. We seem to have had similar experiences with cash flow. Even though it's not really an issue, sort of an eye opener. Showed we are impulsive with money, and have allowed a bit of lifestyle creep to set in.
by ad2007
Thu Mar 22, 2018 8:54 am
Forum: Personal Finance (Not Investing)
Topic: What Budget? Do you keep one?
Replies: 116
Views: 8096

Re: What Budget? Do you keep one?

I agree with others that it is a little odd that you can spend $75K in one year and then $200K the next and not feel/know where your money is going. To be fair, our income was much higher and we maxed out all avail tax advantage space and some brokerage savings to boot. I suppose we do know, the cr...
by ad2007
Thu Mar 22, 2018 8:31 am
Forum: Personal Finance (Not Investing)
Topic: What Budget? Do you keep one?
Replies: 116
Views: 8096

Re: What Budget? Do you keep one?

djpeteski wrote:
Thu Mar 22, 2018 5:50 am
Yup each and every month the wife and I meet in our office and do our budget meeting and review our financial standing.
That's impressive.
by ad2007
Thu Mar 22, 2018 5:12 am
Forum: Personal Finance (Not Investing)
Topic: What Budget? Do you keep one?
Replies: 116
Views: 8096

What Budget? Do you keep one?

Do you know your budget? We save and invest in order to retire at some point, right? We might be there (late 40's), but can't really be sure. The problem is we don't really know what our annual spending really is. It fluctuates wildly. For the past 5 years now, I've been trying to figure out our num...
by ad2007
Tue Mar 13, 2018 11:55 am
Forum: Personal Finance (Not Investing)
Topic: New Car: Ever make sense to lease?
Replies: 140
Views: 14153

Re: New Car: Ever make sense to lease?

Part of the reason that leases are not usually favored here is that it's ok to buy a 3 year old Camry and keep it for 15 years, which a lease would never work out for. Ironically, it seems to also be ok to buy a $125k Tesla because.....well.....gotta keep the coal workers in jobs supplying 1/3 of t...
by ad2007
Tue Mar 13, 2018 11:53 am
Forum: Personal Finance (Not Investing)
Topic: New Car: Ever make sense to lease?
Replies: 140
Views: 14153

Re: New Car: Ever make sense to lease?

I'm surprised how little comment there is on a clear advantage for leasing for some people , deducting the lease as a business expense if able. I can and I do. It saves me thousands a year over buying. Often I will buy them at the end of the lease. Thought you were a surgeon? How are you able to le...
by ad2007
Sat Mar 10, 2018 3:29 pm
Forum: Investing - Help with Personal Investments
Topic: Can I take an 85+% pay cut for fun?
Replies: 80
Views: 9485

Re: Can I take an 85+% pay cut for fun?

I know the feeling. Burned out, hated my job, had physical symptoms and was about to bail - but was too scared. Never been a touchy feely person, so I'm surprises I fixed my problems by going soft. Read a few of those self help books. I learned to ignored the irritants (this was really hard to do at...
by ad2007
Mon Jan 29, 2018 9:20 am
Forum: Personal Consumer Issues
Topic: Keeping a new BMW shiny!
Replies: 27
Views: 2642

Re: Keeping a new BMW shiny!

They give complimentary car washes. The showroom typically is not a bad place to wait. The coffee, pastries, ice cream, sodas are "free" - meaning you paid for it already with the purchase of the car. Take advantage of it.