Search found 441 matches

by TheDDC
Wed Nov 06, 2019 7:14 pm
Forum: Personal Investments
Topic: Will we be OK at 3% WR?
Replies: 263
Views: 17051

Re: Will we be OK at 3% WR?

Preservation of capital (POC) to create generational wealth should be a fundamental part of any retirement planning Why should the creation of generational wealth be a fundamental part? What about the folks who aren't interested in that? It’s certainly not necessary, but folks should probably be in...
by TheDDC
Wed Nov 06, 2019 2:39 pm
Forum: Investing - Theory, News & General
Topic: Is it OK to take less risk and spend more money once you’ve reached your goals even if you are young?
Replies: 63
Views: 5427

Re: Is it OK to take less risk and spend more money once you’ve reached your goals even if you are young?

Spouse/children? No but I will likely get a prenup This tells me that you are probably too young to make broad sweeping conclusions about the remainder of your life. Don't coast quite yet. So I should calculate now how much a wife and kids will cost knowing how many children I’ll have and whether o...
by TheDDC
Wed Nov 06, 2019 2:34 pm
Forum: Personal Investments
Topic: Will we be OK at 3% WR?
Replies: 263
Views: 17051

Re: Will we be OK at 3% WR?

If you aren’t okay looking at a constantly declining balance, a % WR of any rate will not be a good thing for you. I know it wouldn’t be for me or most rational beings. You should also look at passive income sources to add to your portfolio as well so as not to be hammered by the draw down. -TheDDC...
by TheDDC
Wed Nov 06, 2019 1:10 pm
Forum: Personal Investments
Topic: Will we be OK at 3% WR?
Replies: 263
Views: 17051

Re: Will we be OK at 3% WR?

If you aren’t okay looking at a constantly declining balance, a % WR of any rate will not be a good thing for you. I know it wouldn’t be for me or most rational beings. You should also look at passive income sources to add to your portfolio as well so as not to be hammered by the draw down.

-TheDDC
by TheDDC
Tue Nov 05, 2019 6:56 pm
Forum: Personal Finance (Not Investing)
Topic: Dormant sole proprietorship checking balance - uses?
Replies: 2
Views: 207

Re: Dormant sole proprietorship checking balance - uses?

Just move it to your personal checking account. There’s no need to open a separate account for a SP anyway. The most important thing is paying the taxes. If you use quick books or something of the like you can track business income quite easily.

-TheDDC
by TheDDC
Tue Nov 05, 2019 6:24 pm
Forum: Personal Finance (Not Investing)
Topic: HSBC checking bonus
Replies: 17
Views: 1514

Re: HSBC checking bonus

I did the $350 and my wife did the $750 offer from HSBC. They pay fast and for premier checking you can close the account after you get the bonus without a clawback attempt. It’s legit.

Pile it into VTSAX when done.

-TheDDC
by TheDDC
Tue Nov 05, 2019 9:15 am
Forum: Personal Investments
Topic: Stock market at its peak
Replies: 32
Views: 4611

Re: Stock market at its peak

Hi everyone, I have a large sum of money and would like to invest in Total stock market or S&P 500. Unfortunately these two stocks are now are at all-time high and I am just wondering if there is a better strategy of investing when the market is at its peak. Thank you! Considering that you would wa...
by TheDDC
Mon Nov 04, 2019 8:14 pm
Forum: Personal Investments
Topic: Do you consider pensions as part of your overall asset allocation?
Replies: 67
Views: 5043

Re: Do you consider pensions as part of your overall asset allocation?

A pension gives you the ability to take more risk. On the other hand, it reduces the need to do so. We are 60/40 with 1/3 international and no plan to ever change. So, does the ability to take risk that a pension gives us, override the reduced need to do so? This is the philosophical conundrum that...
by TheDDC
Mon Nov 04, 2019 8:11 pm
Forum: Investing - Theory, News & General
Topic: Is it OK to take less risk and spend more money once you’ve reached your goals even if you are young?
Replies: 63
Views: 5427

Re: Is it OK to take less risk and spend more money once you’ve reached your goals even if you are young?

I’ve reached a point where I’m able to afford the life I want, and so recently I decided to take less risk despite being young, ~30ish. I’ve also been spending more money, but my expenses fall within my budget. I’m still saving money every month and not dipping into my principal. When I was younger...
by TheDDC
Sun Nov 03, 2019 10:28 pm
Forum: Investing - Theory, News & General
Topic: When DID the stock market recover from 1929?
Replies: 51
Views: 4798

Re: When DID the stock market recover from 1929?

Just curious what stocks you would have invested $10k in in 1929. Without the existence of mutual funds, how are you approximating “buying the entire market” as a boglehead would do? Is this cap weighted relative to 1929?

-TheDDC
by TheDDC
Sun Nov 03, 2019 5:18 pm
Forum: Personal Finance (Not Investing)
Topic: Pension Question
Replies: 19
Views: 1754

Re: Pension Question

I would do it for 60k. In my state I was able to buy a year of non-qualifying part time service for under $1000 (at the time I was about 30 so the interest was not bad). Does Illinois allow you to withdraw your contributions plus interest at time of retirement? Mine does. I plan on withdrawing and s...
by TheDDC
Fri Nov 01, 2019 11:14 pm
Forum: Personal Investments
Topic: Do you consider pensions as part of your overall asset allocation?
Replies: 67
Views: 5043

Re: Do you consider pensions as part of your overall asset allocation?

I consider my pension contributions+interest (4% in my state) a part of my cash holding when calculating NW as I am able to "cash out" with this portion at any time in my life, or taking a this out as a lump sum after taking full retirement (while still collecting a reduced annuity payment).

-TheDDC
by TheDDC
Thu Oct 31, 2019 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: $500 KeyBank bonus worth it?
Replies: 17
Views: 1686

Re: $500 KeyBank bonus worth it?

I can verify you need to reservation code in addition to the promo code. It will not let you get any further than that step when creating your account w/o having valid input for both.

-TheDDC
by TheDDC
Tue Oct 29, 2019 8:56 pm
Forum: Investing - Theory, News & General
Topic: Difficulty lnvesting a Windfall
Replies: 25
Views: 3267

Re: Difficulty lnvesting a Windfall

I worked on a reply and then managed to lose it. I'm not adept at this. But I do want to say that I much appreciate the replies I received. I now realize I mislead some by not making clear that asset allocation is not the issue here. I am very comfortable with my AA which is roughly 60/40. The prob...
by TheDDC
Tue Oct 29, 2019 3:33 pm
Forum: Personal Investments
Topic: Holding bonds vs 100% equities
Replies: 304
Views: 18294

Re: Holding bonds vs 100% equities

I hold 100% VTSAX and have a cash portion equal to a few months expenses. I also have a pension, however, which some here might equate to a bond... That is sufficient for me. Pile it in with a pitchfork and don't look back. Sliding scale is how much cash you have versus how much in equities. You won...
by TheDDC
Tue Oct 29, 2019 3:30 pm
Forum: Personal Consumer Issues
Topic: Small home repair dilemma
Replies: 6
Views: 809

Re: Small home repair dilemma

I would hire the guy with the best price. You are thinking through this too much. If the guy falls it's his own fault. Was the ladder correctly adjusted? Was the guy high on toxic substances? Either that or find a buddy with a bucket truck, park her next to the house and stop by Harbor Freight and g...
by TheDDC
Mon Oct 28, 2019 10:13 am
Forum: Investing - Theory, News & General
Topic: Inside Fisher Investments
Replies: 123
Views: 11619

Re: Inside Fisher Investments

I see their commercials on TV sometimes but never paid much attention. Kinda weird that he caught so much flak for what he said, you see and hear much worse on TV and radio quite often and nobody seems to care. The general theme: When the thought police break down your door, you will be made to car...
by TheDDC
Mon Oct 28, 2019 9:07 am
Forum: Personal Finance (Not Investing)
Topic: Help Dad do estate planning math and make adjustments
Replies: 45
Views: 2594

Re: Help Dad do estate planning math and make adjustments

“Art thou envious because I am generous?” Between the math of daughter #1 and the creation of a “family feud” by daughters #2 and 3 over the original gift, I’d consider myself fortunate if I did not have to interact with any of the trio. My thoughts as well. Perhaps the creation of "generational we...
by TheDDC
Mon Oct 28, 2019 8:20 am
Forum: Personal Consumer Issues
Topic: Furnace air filters
Replies: 37
Views: 2896

Re: Furnace air filters

What air filters you use for your furnaces? My contractor told me to stop purchasing these expensive ones from Costco (around $15 a piece), go get some of these cheapest ones from Homedepot. I buy the 3M filtrete filters from Lowes. The ones that are good for allergies. I have no empirical data to ...
by TheDDC
Mon Oct 28, 2019 8:19 am
Forum: Personal Finance (Not Investing)
Topic: Do you plan to actually spend down your portfolio?
Replies: 104
Views: 9711

Re: Do you plan to actually spend down your portfolio?

We are also retired military and retired civil service and do not intend to touch our portfolio beyond dividends here and there unless our world begins to radically change. If needed, we will use dividends for things like a new car or perhaps travel, although we are taking a break from travel for a...
by TheDDC
Mon Oct 28, 2019 6:57 am
Forum: Investing - Theory, News & General
Topic: Inside Fisher Investments
Replies: 123
Views: 11619

Re: Inside Fisher Investments

The only thing that matters here is if this guy adds value for me as an investor, which he doesn’t. The rest is just conversation. I don’t make investment decisions based on whether the guy looks, acts, or sounds like me.

The cancel culture should be cancelled permanently.

-TheDDC
by TheDDC
Sat Oct 26, 2019 9:54 pm
Forum: Personal Investments
Topic: New high income earner
Replies: 39
Views: 4686

Re: New high income earner

If you need the money in five years or less, put it in something safe like a CD/MM fund/HY Savings. Bond fund, maybe, but not in a taxable account. If you don't need the money in five years, invest it in VTSAX and don't look back. Investing properly gets you where you need to be in the long run. In ...
by TheDDC
Tue Oct 22, 2019 11:52 pm
Forum: Investing - Theory, News & General
Topic: "Dogs of the Dow" in a Roth IRA with Zero Commissions
Replies: 52
Views: 3353

Re: "Dogs of the Dow" in a Roth IRA with Zero Commissions

What do Bogleheads think of the "Dogs of the Dow" strategy within a Roth IRA brokerage account with zero commission fees? Looking at historical data over the last 10 years, I am seeing a significant outperformance of this strategy over the S&P 500 assuming no taxes on dividends and no commissions f...
by TheDDC
Tue Oct 22, 2019 9:33 pm
Forum: Personal Finance (Not Investing)
Topic: Ok to go without health insurance?
Replies: 209
Views: 11543

Re: Ok to go without health insurance?

I’m thinking about a different risk: a vulnerable individual (or family) with high net worth who is hospitalized would be a real target for financial abuse especially one who throws it around “on self insurance” and made it known to the health care community. If I were unscrupulous I may want to tak...
by TheDDC
Mon Oct 21, 2019 11:37 pm
Forum: Personal Consumer Issues
Topic: BCBS wont pay lab bill...
Replies: 44
Views: 4088

Re: BCBS wont pay lab bill...

Physicians do not always know what a test costs before ordering it. I’m an ER doc and I think it’s safe to say most ER docs have little knowledge of the cost of a test before ordering it. knowing what a test costs, is different from knowing if the patients insurance company covers it. If a Physicia...
by TheDDC
Mon Oct 21, 2019 11:04 pm
Forum: Personal Consumer Issues
Topic: Transporting elderly parent state-to-state
Replies: 47
Views: 3096

Re: Transporting elderly parent state-to-state

Thanks, good point. We're planning to NOT commit to any expenditures until we talk to the lawyer! Excellent idea. I do think the receiving facility could give you a better idea. If there is a facility with a large out of state population they might have the experience. It is annoying dealing with a...
by TheDDC
Mon Oct 21, 2019 10:13 pm
Forum: Personal Finance (Not Investing)
Topic: My husband says I can retire. Is he right?
Replies: 45
Views: 6206

Re: My husband says I can retire. Is he right?

Your husband is probably concerned about "preservation of principal" - i.e., not seeing a declining balance during your retirement years. I can understand that. Perhaps look into passive income sources such as real estate, SPIA or high dividend yield funds. You can live on 80k just fine in retiremen...
by TheDDC
Mon Oct 21, 2019 10:08 pm
Forum: Personal Investments
Topic: High income earner waiting for a bear market to start investing
Replies: 119
Views: 12081

Re: High income earner waiting for a bear market to start investing

Why on earth is someone who makes $850K a year depending on an internet forum for investment advice? You have complex investment and tax-avoidance opportunities that require professional expertise. If you're making that kind of money, I would think you have very little extra time to worry about inv...
by TheDDC
Mon Oct 21, 2019 10:06 pm
Forum: Personal Consumer Issues
Topic: Transporting elderly parent state-to-state
Replies: 47
Views: 3096

Re: Transporting elderly parent state-to-state

Most importantly, the cost: This should be covered via Medicare B as it's an SNF to SNF transport. Make sure all the paperwork is filed properly including doctors orders. You should be able to speak with the "receiving" facility to get a recommendation on long haul medical transport services. That i...
by TheDDC
Mon Oct 21, 2019 10:03 pm
Forum: Personal Consumer Issues
Topic: BCBS wont pay lab bill...
Replies: 44
Views: 4088

Re: BCBS wont pay lab bill...

Thank you every one for the feedback :beer I contacted insurance and they said appeal it. The doctors assistant left us a VM and DW will try to call them tomorrow. We've been with this doctor for years (is our family doctor). The non-approved code was 87507, reason "experimental or investigational ...
by TheDDC
Mon Oct 21, 2019 9:59 pm
Forum: Personal Investments
Topic: High income earner waiting for a bear market to start investing
Replies: 119
Views: 12081

Re: High income earner waiting for a bear market to start investing

So let's get this straight. You are holding out for a market downturn but investing in losing assets (paying everyone else's rent)? You are making car payments and are a "high earner"? Bad ideas all around. You are paying for others' bad mistakes. You need to invest in your own future over the long ...
by TheDDC
Mon Oct 21, 2019 11:18 am
Forum: Personal Investments
Topic: Odds of Illinois Teacher Pension Solvency to use for Planning Purposes
Replies: 27
Views: 3006

Re: Odds of Illinois Teacher Pension Solvency to use for Planning Purposes

You are putting your money in, and the state will keep its obligation just as it keeps its obligation to any other funded constitutional mandate. They will raise money as they always have. I would plan on 100% of the pension. The COLAs are a different story as those benefits are "unearned" (since yo...
by TheDDC
Sun Oct 20, 2019 9:59 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement income streams
Replies: 10
Views: 2305

Re: Retirement income streams

I don't understand the question. Kevin I *think* his question is what sort of passive income options would be favorable to the retiree. This is a wonderful question since I advocate people look past drawing down their investments without a replacement strategy. It’s what the “SWF” strategy tends to...
by TheDDC
Fri Oct 18, 2019 1:38 pm
Forum: Personal Finance (Not Investing)
Topic: Legacy/Inheritance
Replies: 61
Views: 6598

Re: Legacy/Inheritance

ID start by giving them the $30K each year and seeing how they manage the money. What is the saying, "Whoever can be trusted with very little can also be trusted with much, and whoever is dishonest with very little will also be dishonest with much. I like this sentiment and your quote. The best thi...
by TheDDC
Wed Oct 16, 2019 4:43 pm
Forum: Personal Finance (Not Investing)
Topic: Prenuptial agreement for moderately successful 30 year olds
Replies: 68
Views: 4994

Re: Prenuptial agreement for moderately successful 30 year olds

Prenups are stupid in this case, and in most cases where children from prior marriages aren’t involved. If you don’t want to get married then don’t get married and move on. Sounds like there are other issues at play. Either make an honest woman out of her or move on.

-TheDDC
by TheDDC
Tue Oct 15, 2019 10:13 pm
Forum: Investing - Theory, News & General
Topic: My trend following strategy and experience
Replies: 974
Views: 75592

Re: My trend following strategy and experience

IMHO if doing a simple strategy, use a low/min vol index. Less junky companies = better signal, less troughs & less peaks = less whipsaws. And even on a false signal you're selling higher & buying lower. I think that a target volatility approach using broad market indices and bonds, preferably long...
by TheDDC
Mon Oct 14, 2019 6:02 pm
Forum: Personal Consumer Issues
Topic: What frugal thing did you do today?
Replies: 1082
Views: 119655

Re: What frugal thing did you do today?

Went to a local garage with grandpa basement style wood paneled walls, ate all the free chocolates I could in the waiting area, and got my tire plugged/patched for $14.85.

And I made 2% back from my CC purchase.

-TheDDC
by TheDDC
Mon Oct 14, 2019 5:55 pm
Forum: Personal Finance (Not Investing)
Topic: Providing for a adult child with serious illness
Replies: 11
Views: 1654

Re: Providing for a adult child with serious illness

Thanks for the ideas! Sorry my reply was slow it is my first post ever and I didnt realize it was published. FYI, my son is in OK shape now. He's going to college. But in 5 to 10 years he is going to start wearing down. He will eventually need a liver transplant. I just want to save money the most ...
by TheDDC
Mon Oct 14, 2019 5:36 pm
Forum: Personal Finance (Not Investing)
Topic: [Vanguard glitch] Your brokerage Consolidated Form 1099 is now available
Replies: 40
Views: 2046

Re: Your brokerage Consolidated Form 1099 is now available

I got one too. Vinny’s low bid IT strikes again.

Yo cousin Vinny... https://m.youtube.com/watch?v=0318Opbi-xU

-TheDDC
by TheDDC
Mon Oct 14, 2019 5:32 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Card Cancellating and Insurance Rates
Replies: 27
Views: 1538

Re: Credit Card Cancellating and Insurance Rates

The best way to get a good rate on insurance products is by shopping around and threatening cancellation (and being ready to do so). If a new insurer can’t beat the best price, move on. Credit score or not. It sounds bogus that someone with no credit or someone who closes a random credit card at the...
by TheDDC
Mon Oct 14, 2019 10:41 am
Forum: Personal Investments
Topic: Need help with 403b
Replies: 16
Views: 881

Re: Need help with 403b

The plan charges fall under the "not the worst, but still could be better" category, but are still ridiculous. Another suggestion you might hear would be to pick the lowest price fund (or stable value if you wish) and just transfer the funds out to a Traditional IRA held at Vanguard on a monthly ba...
by TheDDC
Mon Oct 14, 2019 9:35 am
Forum: Personal Investments
Topic: Need help with 403b
Replies: 16
Views: 881

Re: Need help with 403b

Are there plan charges beyond the expense ratios? There is a yearly admin fee of .23% AUM, also a nonstated admin fee for "plan services (e.g., legal, accounting, auditing, recordkeeping) when applicable". There is a $25 transfer fee. I don't see anything else. The stable value fund sets a guarante...
by TheDDC
Sun Oct 13, 2019 10:25 pm
Forum: Personal Consumer Issues
Topic: Hotel mini bar - rude to use for own stuff
Replies: 42
Views: 6227

Re: Hotel mini bar - rude to use for own stuff

This is why my kids think hotels like Hampton Inn and Hyatt Place with a room fridge and free breakfast are the really fancy hotels. They were wondering why we stayed at a cheap place without these things this summer, when it was actually a "nicer" hotel. I'm starting to agree with them. :D I agree...
by TheDDC
Sun Oct 13, 2019 6:54 pm
Forum: Personal Finance (Not Investing)
Topic: New Job, Other Candidate Is Now Subordinate. Awkward?
Replies: 6
Views: 926

Re: New Job, Other Candidate Is Now Subordinate. Awkward?

An old colleague got a new job, and was informed one of the candidates she beat out for the job is now one of her reports on her team. She's worried there is going to be resentment and hard feelings when she starts the job. I imagine he can harbor a wide range of feelings that can affect their work...
by TheDDC
Fri Oct 11, 2019 9:35 pm
Forum: Personal Investments
Topic: Need help with 403b
Replies: 16
Views: 881

Re: Need help with 403b

I would keep a cash portion of your choosing in your after tax account of 3-6 months and go 100% VFIAX in your tax advantaged account, or perhaps 80/20 VFIAX/VEXAX. No need to mess around with bonds in there if looking at a 10+ year retirement outlook. Pile it in with a pitchfork.

-TheDDC
by TheDDC
Fri Oct 11, 2019 9:31 pm
Forum: Personal Consumer Issues
Topic: Replace water heater just because it's old?
Replies: 73
Views: 5915

Re: Replace water heater just because it's old?

Water heaters are such a scam... Tankless water heaters seem like they last. I am on my second tankless - natural gas. The first one did end up leaking hard FULL PIPE (think Noah as a previous poster mentioned), but I am doubtful about the build quality of the piping on that one. Highly recommend a ...
by TheDDC
Fri Oct 11, 2019 2:23 pm
Forum: Personal Consumer Issues
Topic: Disadvantages of a bank signup bonus
Replies: 46
Views: 4292

Re: Disadvantages of a bank signup bonus

Checking bonuses often have requirements on direct deposit or even use of bill payment and/or debit card, so more to track. And there's often a minimum balance to avoid fees, so there's an opportunity cost in lost interest. Savings bonuses can be more attractive - if the interest rate is competitiv...
by TheDDC
Fri Oct 11, 2019 9:27 am
Forum: Personal Finance (Not Investing)
Topic: Need help !!! US or Canadian universities?
Replies: 56
Views: 3439

Re: Need help !!! US or Canadian universities?

I don't think you should pay any of his education expenses. You are not in a position to do so. Reasonably priced loans and recently priced colleges and crappy part-time jobs abound. Community college start is also a way to cut costs. Maybe help him get established in the new town and act as a safe...
by TheDDC
Thu Oct 10, 2019 11:34 pm
Forum: Personal Finance (Not Investing)
Topic: Need help !!! US or Canadian universities?
Replies: 56
Views: 3439

Re: Need help !!! US or Canadian universities?

I don't think you should pay any of his education expenses. You are not in a position to do so. Reasonably priced loans and recently priced colleges and crappy part-time jobs abound. Community college start is also a way to cut costs. Maybe help him get established in the new town and act as a safe...
by TheDDC
Thu Oct 10, 2019 9:19 pm
Forum: Personal Consumer Issues
Topic: Disadvantages of a bank signup bonus
Replies: 46
Views: 4292

Re: Disadvantages of a bank signup bonus

I did the Western Union money cards a few years ago....I can't recall, but I think the interest way was great. It was a super pain to unravel from them. About 5 years ago, I did a huge credit card binge and accumulated 1M points over various airlines and hotels. I liked doing that and we used point...