Search found 78 matches

by jeroly
Tue Feb 18, 2020 7:16 pm
Forum: Investing - Theory, News & General
Topic: 4% SWR: It is not a rule and it is not safe (anymore).
Replies: 102
Views: 4941

Re: 4% SWR: It is not a rule and it is not safe (anymore).

I’m not swayed. I’m all aboard the 4% train. I trust past history far more than future prognostications. In order for this to fail, my 30 years has to be worse than the worst 30 years we have ever experienced, ever. I’m willing to take that bet. Of course II could adjust spending if I needed to. Th...
by jeroly
Thu Feb 13, 2020 7:32 pm
Forum: Personal Finance (Not Investing)
Topic: Should I completely dump my traditional 401(k) and go 100% with Roth 401(k)?
Replies: 12
Views: 1115

Re: Should I completely dump my traditional 401(k) and go 100% with Roth 401(k)?

- what is your tax bracket, both state and federal? - what is your target income in preretirement while consulting? - when do you plan on drawing SS? - what will you do about benefits after you are no longer an employee but before Medicare? - what sort of goals, if any, do you have about leaving mo...
by jeroly
Thu Feb 13, 2020 12:04 pm
Forum: Personal Finance (Not Investing)
Topic: Should I completely dump my traditional 401(k) and go 100% with Roth 401(k)?
Replies: 12
Views: 1115

Re: Should I completely dump my traditional 401(k) and go 100% with Roth 401(k)?

1. Do you think that your tax rate will be higher or lower in retirement than it is now? - Higher or the same —> Roth is better - Lower —> Traditional is better 2. Do you want to boost the amount of income that will eventually be generated from tax sheltered investments, but are already maxed out on...
by jeroly
Tue Feb 11, 2020 10:48 pm
Forum: Personal Investments
Topic: New money to Roth or rebalance?
Replies: 5
Views: 269

Re: New money to Roth or rebalance?

You don’t want to be putting bonds into your Roth account. Take advantage of the tax free growth with higher yielding investments like VTI or VXUS.
by jeroly
Sun Jan 26, 2020 11:01 am
Forum: Personal Finance (Not Investing)
Topic: Car loans: low interest rate but higher insurance rate?
Replies: 13
Views: 984

Re: Car loans: low interest rate but higher insurance rate?

My understanding is that if you take out a car loan you are generally required to take out full insurance, I.e. including collision and comprehensive coverage. If you pay cash you can self insure and thus save the approximately 40% extra that you pay for those coverages over the true cost (differenc...
by jeroly
Fri Jan 24, 2020 10:25 am
Forum: Investing - Theory, News & General
Topic: Isn’t Inflation Much Larger Than 2%?
Replies: 289
Views: 18022

Re: Isn’t Inflation Much Larger Than 2%?

A lot of this discussion boils down to the very same argument that my parents used to have on this topic back in the 1970s and ‘80s. My mother would generally start the discussion by claiming that inflation was much higher than the official statistics, pointing to the price of some can of vegetables...
by jeroly
Tue Jan 21, 2020 6:48 am
Forum: Personal Finance (Not Investing)
Topic: FI and/or RE: did you change your "magic number"?
Replies: 24
Views: 2260

Re: FI and/or RE: did you change your "magic number"?

My original magic number was based on a plan to use geographical arbitrage and move to Southeast Asia and live on approximately one-third what I was spending pre-FIRE. As things evolved, I wound up moving to a (different) HCOLA instead, and have more or less maintained my pre-FIRE spending level. Fo...
by jeroly
Tue Jan 21, 2020 6:22 am
Forum: Personal Investments
Topic: Portfolio review for high net worth individual
Replies: 10
Views: 1642

Re: Portfolio review for high net worth individual

If you’re at a 1% withdrawal rate (100x expenses), you’ve won the game, so to speak. Congratulations! You have perhaps a 40 year life expectancy, and so, if you put 40x into TIPS you can lock in a funding stream for all your future expenses while still leaving 60x your expenses available for investm...
by jeroly
Mon Jan 20, 2020 1:52 pm
Forum: Personal Finance (Not Investing)
Topic: Is There a Tax Basis on These Stocks?
Replies: 16
Views: 1088

Re: Is There a Tax Basis on These Stocks?

I’m not a CPA or tax attorney, nor do I play one on TV, but here’s my $0.02 ... Agree with the 2x step up in basis put forward earlier in the thread. The main concern for me is whether there are estate taxes due if the FIL had a large estate and this holding wasn’t included in the original tax filin...
by jeroly
Sat Jan 18, 2020 11:41 pm
Forum: Non-US Investing
Topic: $500,000 in a regular account. What to do?
Replies: 9
Views: 1836

Re: $500,000 in a regular account. What to do?

What about swapping some of your tax sheltered stock investments for the bond etfs and reversing the move in your taxable? Then you’d avoid the bond dividends showing up in your taxable accounts. If your stocks throw off a lot of dividends you could consider switching to something like Berkshire Hat...
by jeroly
Fri Jan 17, 2020 10:14 pm
Forum: Personal Investments
Topic: Vanguard mid cap options
Replies: 9
Views: 832

Re: Vanguard mid cap options

There are also VOT, mid cap growth, and VOE, mid cap value, ETFs.
by jeroly
Fri Jan 10, 2020 5:35 pm
Forum: Personal Investments
Topic: Secure Act: retired, with minor children
Replies: 10
Views: 1007

Re: Secure Act: retired, with minor children

I just retired! Yay! I worked hard and ended with $700k or so in my 401ks including a small Roth, and I was lucky to inherit about $250k in my dad’s also hard-earned 401k, which I have been pulling MRDs on for awhile. Congratulations on your retirement!!! I am more than a little panicked, as I stil...
by jeroly
Fri Jan 10, 2020 8:44 am
Forum: Investing - Theory, News & General
Topic: 2020 Hedge Fund contest
Replies: 174
Views: 9874

Re: 2020 Hedge Fund contest

Jeroly Capital

Long: AAL, DIS, IONS
Short: TSLA, UBER
by jeroly
Wed Jan 08, 2020 8:15 am
Forum: Personal Investments
Topic: Opening a new HSA
Replies: 25
Views: 1858

Re: Opening a new HSA

Am I missing something or are the Health Equity fees waived if you maintain $2,000 in the savings account? My understanding was that they offered Vanguard index funds with low expense ratios.
by jeroly
Tue Jan 07, 2020 9:54 am
Forum: Investing - Theory, News & General
Topic: Schiller's article on CAPE in NYT today
Replies: 147
Views: 9880

Re: Schiller's article on CAPE in NYT today

FWIW, long term interest rates are comparatively lower than those prior PE records. You could make an argument that a 33 PE is reasonable given a 10 year rate less than 2%. https://www.multpl.com/10-year-treasury-rate/table/by-year This is the flaw in using CAPE. CAPE is fine if you expect interest...
by jeroly
Sun Jan 05, 2020 7:02 pm
Forum: Personal Consumer Issues
Topic: Cosmetology School vs Traditional College
Replies: 99
Views: 5406

Re: Cosmetology School vs Traditional College

I think an alternate anecdotal experience to those stories presented is necessary. Cosmetology school and associated career is not all wine and roses. The OP's daughter sounds just like my niece. She was a solid As and Bs student who did not want to go to college even though her father was obligate...
by jeroly
Sun Jan 05, 2020 8:01 am
Forum: Personal Investments
Topic: How to incorporate pensions/ annuities into the 4% rule?
Replies: 12
Views: 1289

Re: How to incorporate pensions/ annuities into the 4% rule?

I have superannuation in the form of a defined benefit plan which gives you a pension at retirement age (similiar to annuities) rather than an accumulation fund, which makes it a bit difficult to work out estimates like using the 4% rule, any ideas how to calculate this? The 4% rule is supposed to ...
by jeroly
Wed Jan 01, 2020 9:49 am
Forum: Investing - Theory, News & General
Topic: [Announcement for upcoming 2020 Boglehead Contest]
Replies: 73
Views: 2912

Re: 2020 Boglehead Contest

jeroly wrote:
Wed Jan 01, 2020 9:32 am
3600.00
mighty72 wrote:
Wed Jan 01, 2020 9:45 am
I am in @ 3599.99
What is this, The Price is Right? :D
Good luck to all!
by jeroly
Tue Dec 31, 2019 3:44 am
Forum: Personal Finance (Not Investing)
Topic: EFC of 59K?! That is more than my net pay
Replies: 227
Views: 12655

Re: EFC of 59K?! That is more than my net pay

The OP complains about having to “live on $1,000/month...” but this is AFTER paying their mortgage, health/car/home insurance, and taxes, and fully paying into their 401(k). So yes, they should be able to do this. Moreover, they already have $55k saved in the 529, giving (without taking likely addit...
by jeroly
Tue Dec 31, 2019 2:22 am
Forum: Personal Finance (Not Investing)
Topic: White Coat Investor: Enough is Enough!
Replies: 289
Views: 30885

Re: White Coat Investor: Enough is Enough!

Despite being forced into retirement twice :oops: I amassed sufficient assets/retirement income. I painted my house twice inside and out, changed my oil, rotated my tires etc. was on the cheap side of being fugal. When I finally retired at age 60 I used to walk every morning toward any place that s...
by jeroly
Thu Dec 19, 2019 7:59 pm
Forum: Personal Investments
Topic: Can I Retire? another person
Replies: 16
Views: 2625

Re: Can I Retire? another person

It looks really solid, even if you allocate $200-300k for end-of-life care.
by jeroly
Thu Dec 19, 2019 3:21 am
Forum: Personal Investments
Topic: Huge loss on FDX single stock
Replies: 78
Views: 5194

Re: Huge loss on FDX single stock

Think of it this way... You have already taken the loss through the writing of the put. You are now essentially betting on a different horse than the one that lost you your money. You now find yourself with an investment in the underlying stock that you did not originally intend to make. To buy the ...
by jeroly
Fri Dec 06, 2019 3:07 pm
Forum: Personal Investments
Topic: Unexpected loss of MIL, Inherited IRA, and How to Restructure Investments
Replies: 34
Views: 2225

Re: Unexpected loss of MIL, Inherited IRA, and How to Restructure Investments

Just before Thanksgiving, my wife and I very unexpectedly suffered the loss of her mother. Before I get started, we are going to continue using the Financial Advisor my MIL had because our lives have been turned upside down and our time is being consumed in executing the estate, caring for our 1 ye...
by jeroly
Wed Dec 04, 2019 1:12 am
Forum: Personal Consumer Issues
Topic: What To Do After You Have Enough Funds?
Replies: 21
Views: 3043

Re: What To Do After You Have Enough Funds?

Other thoughts: - is taking unpaid leave an option? - +1 on outsourcing chores you dislike / take up a lot of your time - extra expenditure on health related items, like a personal trainer or yoga classes - I don’t want to diminish the value of quality time with your kids, but quality time alone wit...
by jeroly
Wed Dec 04, 2019 12:47 am
Forum: Personal Finance (Not Investing)
Topic: Follow Up: Husband's Surprise Debts
Replies: 370
Views: 37261

Re: Follow Up: Husband's Surprise Debts

I read an earlier comment about increasing withholdings from your SS and paycheck. You may want to consider taking a percentage of DH's income when it comes in and putting it into another savings account for taxes. Say your tax rate is 25% then put 25 percent of every income check into a separate a...
by jeroly
Fri Nov 29, 2019 8:18 am
Forum: Personal Investments
Topic: Investing in 403B instead of Roth: Am I crazy?
Replies: 14
Views: 751

Re: Investing in 403B instead of Roth: Am I crazy?

Hello, I am contemplating investing more in 403B instead of Roth this year. Can you please help me figure out if that would be a mistake in my case? Here are my reasons: - I have made about 30K as a freelancer (side gig) this year and putting more money into 403B would minimize the tax bite. I woul...
by jeroly
Sat Nov 23, 2019 7:48 pm
Forum: Personal Consumer Issues
Topic: Spending money to make travel easier and luxurious?
Replies: 85
Views: 8283

Re: Spending money to make travel easier and luxurious?

When weather-appropriate it can be fun to splurge and rent a convertible instead of the cheapest car on the rental company lot.
by jeroly
Sat Nov 23, 2019 5:41 pm
Forum: Personal Consumer Issues
Topic: Best car/car value ever!
Replies: 59
Views: 5392

Re: Best car/car value ever!

Lets talk about the sub $10k car market and lets not get bogged down with all the safety features lets talk transportation/value. I think it's hard to beat a 5th generation Camry specifically 2002-2006 it looks decent, gets good gas mileage and it's ultra reliable, without too much effort you shoul...
by jeroly
Wed Oct 02, 2019 7:06 pm
Forum: Personal Consumer Issues
Topic: Recourse for "Stolen" Money
Replies: 93
Views: 8501

Re: Recourse for "Stolen" Money

While stub hub has high fees, they do provide some assurance that you are getting legit tickets, and it is a real marketplace where you can see what everybody is asking for specified tickets / locations.
by jeroly
Thu Sep 19, 2019 6:40 pm
Forum: Personal Consumer Issues
Topic: How to handle "split-the-bill" group lunches?
Replies: 159
Views: 8601

Re: How to handle "split-the-bill" group lunches?

There is also an app called Tab that facilitates bill splitting. It even lets you take a photo of the receipt to "read in" the data.
by jeroly
Wed Sep 18, 2019 11:13 am
Forum: Personal Finance (Not Investing)
Topic: Facing very short gap without health insurance, options
Replies: 26
Views: 1404

Re: Facing very short gap without health insurance, options

She should take COBRA coverage retroactively from her old employer if something bad happens in those five days. COBRA allows for retroactive coverage within, IIRC, sixty days of termination. That is, they'd only have to pay the premiums back to the termination date and would be covered exactly as t...
by jeroly
Wed Sep 18, 2019 5:16 am
Forum: Personal Finance (Not Investing)
Topic: Facing very short gap without health insurance, options
Replies: 26
Views: 1404

Re: Facing very short gap without health insurance, options

She should take COBRA coverage retroactively from her old employer if something bad happens in those five days. COBRA allows for retroactive coverage within, IIRC, sixty days of termination. That is, they'd only have to pay the premiums back to the termination date and would be covered exactly as th...
by jeroly
Mon Sep 16, 2019 10:26 am
Forum: Personal Consumer Issues
Topic: T-mobile vs Google Fi for Internatioanal?
Replies: 31
Views: 2219

Re: T-mobile vs Google Fi for Internatioanal?

If you just want to send occasional emails or check a quick stock quote, t-mobile international as a $10 add on to their basic package works fine in most countries. The problem is that it’s only 256kbps so web pages load sloooooooooooooooooooowly. You can find WiFi almost everywhere these days, thou...
by jeroly
Mon Sep 16, 2019 10:10 am
Forum: Personal Finance (Not Investing)
Topic: Live in MA, Need 2.5 years health insurance until Medicare
Replies: 38
Views: 2630

Re: Live in MA, Need 2.5 years health insurance until Medicare

I don’t live in MA but when I was having problems with my ACA shopping online (in dc), there was a facilitation number I could call, and the person was fairly helpful. Worth a try! (Free!) I’m confused about what the fear regarding a catastrophic coverage policy is... your total costs are capped. Yo...
by jeroly
Mon Aug 12, 2019 1:16 am
Forum: Personal Consumer Issues
Topic: Trail running shoes for light hiking
Replies: 48
Views: 3717

Re: Trail running shoes for light hiking

By one definition above, hiking To Everest Base Camp would be considered ‘light hiking’ as the daily mileage and elevation gains are on the low side. Would the shoes mentioned above ( Solomon Speedcross, Brooks Cascadias ), perhaps coupled with mini-crampons, do the job? I’m headed there in October.
by jeroly
Fri Aug 09, 2019 3:40 pm
Forum: Personal Finance (Not Investing)
Topic: NP degree worth the investment?
Replies: 62
Views: 5817

Re: NP degree worth the investment?

My ex got her FNP degree at night while working full time until her last semester (or year, forget which) when she needed to do clinical rotations and then found a part time (1/2 time?) visiting nurse gig for that year. She went to a private school in NY and still spent way less than $70k. Granted i...
by jeroly
Mon Aug 05, 2019 11:57 pm
Forum: Personal Consumer Issues
Topic: Advice on short Vietnam visit
Replies: 30
Views: 2708

Re: Advice on short Vietnam visit

I was in Vietnam last November and previously in 2014.
You definitely need two almost full days/ 1 night to visit Halong Bay.
You could get value out of 2-3 days in each of Saigon and Hanoi, but it would be rather rushed.
by jeroly
Sun Aug 04, 2019 4:03 pm
Forum: Personal Finance (Not Investing)
Topic: Is our spending crazy?
Replies: 136
Views: 12286

Re: Is our spending crazy?

The biggest categories to save money in are housing, food, and transportation. How often are you eating out? How much are you spending on your cars/ SUVs? To answer your question, though, well, it’s all relative... You are saving more than many of your peers but you could do even better. My gf, for ...
by jeroly
Fri Jul 19, 2019 5:08 am
Forum: Personal Finance (Not Investing)
Topic: Do people in HCOL areas have a higher net worth and more wealth building potential than LCOL?
Replies: 289
Views: 23430

Re: Do people in HCOL areas have a higher net worth and more wealth building potential than LCOL?

There is such a huge variability in individual circumstances as to make this almost meaningless, but... All things being equal, I'd say that the opportunities for wealth generation in an HCOL area are greater. However, the temptations to spend that income may be greater in an HCOL area. 1. On averag...
by jeroly
Wed Jul 17, 2019 9:22 am
Forum: Personal Finance (Not Investing)
Topic: Do you care about your home appreciating?
Replies: 91
Views: 5756

Re: Do you care about your home appreciating?

Even if you plan to never leave a home, price appreciation (or lack thereof) will impact your estate planning. Let's say that you want to leave $1,000,000 to your grandkids/charities/etc. If your home is worth $1,000,000 after paying off the mortgage balance, you don't have to worry about holding on...
by jeroly
Sun Jul 14, 2019 4:14 pm
Forum: Personal Consumer Issues
Topic: I think i can spend 30k on this vacation, but wife not sure
Replies: 77
Views: 8108

Re: I think i can spend 30k on this vacation, but wife not sure

Thanks to all. I suppose expenses for college could be 300-400k for kids, and that means less net worth. I plan on paying that no matter what. It seems like most say I can afford this trip, but some are skeptical. I guess my expenses could be 150k in retirement, so I would need 6-7.5 M. Seems like ...
by jeroly
Sun Jul 14, 2019 9:37 am
Forum: Personal Investments
Topic: First post of confused retiree
Replies: 20
Views: 3624

Re: First post of confused retiree

Pensions cover our living expenses. Any left over is used for vacations and travel. In the event of a death, would sell one property and payoff the other so there would be no mortgage debt. One pension will then be able to cover living expenses and would probably start withdrawing a thousand a mont...
by jeroly
Sun Jul 14, 2019 9:22 am
Forum: Investing - Theory, News & General
Topic: Americans believe they need $1.7 million, on average, to retire
Replies: 284
Views: 31779

Re: Americans believe they need $1.7 million, on average, to retire

I FIREd at 42 with a paid off mortgage and $750k and it all worked out great - I am now 60 with way more in assets than I had then - but if I were planning now, I'd want to have more like twice that. - I didn't take sequence of returns risk into account, and thought that I could safely withdraw 6%/...
by jeroly
Sun Jul 14, 2019 5:18 am
Forum: Investing - Theory, News & General
Topic: Americans believe they need $1.7 million, on average, to retire
Replies: 284
Views: 31779

Re: Americans believe they need $1.7 million, on average, to retire

I FIREd at 42 with a paid off mortgage and $750k and it all worked out great - I am now 60 with way more in assets than I had then - but if I were planning now, I'd want to have more like twice that. - I didn't take sequence of returns risk into account, and thought that I could safely withdraw 6%/y...
by jeroly
Mon May 20, 2019 8:57 pm
Forum: Personal Consumer Issues
Topic: Relocate to Charleston SC?
Replies: 57
Views: 6252

Re: Relocate to Charleston SC?

If you've got $650k net after mortgage and you're only netting $12k/ year from it, possibly not including the cost of visiting the property regularly, then I'd suggest that you're better off selling the property and putting the proceeds in a diversified financial portfolio. Big picture, though... Yo...
by jeroly
Thu May 09, 2019 9:46 am
Forum: Non-US Investing
Topic: Theory: Choose retirement country based on Forex rate
Replies: 32
Views: 2656

Re: Theory: Choose retirement country based on Forex rate

Just because country A has seen its currency drop versus currency B doesn't make it a relative bargain. It may have been seeing higher inflation, or its economy may be in the tank. If the former, then after adjusting for the change in exchange rates, prices may actually be higher in currency B then ...
by jeroly
Thu May 09, 2019 9:37 am
Forum: Personal Consumer Issues
Topic: Good town to stop on I-81
Replies: 42
Views: 3648

Re: Good town to stop on I-81

Lexington is probably the prettiest town on that strip, but I can't speak to the biking possibilities there. Blacksburg is just a bit off of I-81, but has pretty surroundings and a good selection of restaurants and more accommodation.
by jeroly
Sun May 05, 2019 5:26 am
Forum: Investing - Theory, News & General
Topic: Legos appreciating in value?
Replies: 49
Views: 9481

Re: Legos appreciating in value?

momar wrote:
Mon Dec 19, 2011 6:58 pm
I recommend you stop trying to time the market and instead develop a reasonable toy allocation, with quarterly rebalancing.
+1. Start by writing down an LPS (Lego Policy Statement).
by jeroly
Sun Apr 28, 2019 3:01 am
Forum: Personal Investments
Topic: In this case, should I be 100% stocks?
Replies: 63
Views: 7096

Re: In this case, should I be 100% stocks?

Will the job change affect your social security payments?
If so you will want to consider this in your calculations. Losing some of this annuity-like income may change your asset allocation decision.