Search found 1621 matches

by dknightd
Sun Jun 16, 2019 12:08 pm
Forum: Investing - Theory, News & General
Topic: Why do large personal portfolios include bonds?
Replies: 105
Views: 6732

Re: Why do large personal portfolios include bonds?

kfitz1313 wrote:
Sun Jun 16, 2019 8:57 am

Am I missing something?
There is more to life than money
by dknightd
Sun Jun 16, 2019 11:57 am
Forum: Personal Finance (Not Investing)
Topic: Should we retire in 4 years?
Replies: 31
Views: 3642

Re: Should we retire in 4 years?

It really depends on your expenses. And what happens in the next 4 years. I cant predict either one.
by dknightd
Sun Jun 16, 2019 11:07 am
Forum: Investing - Theory, News & General
Topic: How Bad was 2008, really?
Replies: 310
Views: 35108

Re: How Bad was 2008, really?

2008 was bad. But it could be worse.
by dknightd
Sat Jun 15, 2019 6:35 pm
Forum: Personal Consumer Issues
Topic: Cost of mini split installation? [Ductless Air Conditioning/ Heat]
Replies: 36
Views: 2825

Re: Cost of mini split installation?

I suspect you’ll find hidden ceiling units cost more than wall mount units. I’d get at least 3 estimates. You might decide wall units are ok. Some spaces are well suited to mini split duct. We like our split system. One outside unit. Five inside zones. Cost about 12k. Every space is different. If yo...
by dknightd
Fri Jun 14, 2019 10:56 am
Forum: Personal Consumer Issues
Topic: The Upper Peninsula (UP) in August....What to do, Where to stay?
Replies: 36
Views: 2519

Re: The Upper Peninsula (UP) in August....What to do, Where to stay?

What about agett (SP?) beach? is that in lower or upper Michigan?
by dknightd
Fri Jun 14, 2019 9:24 am
Forum: Investing - Theory, News & General
Topic: How have your homes as investments done?
Replies: 213
Views: 21009

Re: How have your homes as investments done?

I've been in the same house for 30 years. I doubt its value has kept up with inflation.
Horrible investment. But we needed a place to live.
I'd do it again.
by dknightd
Fri Jun 14, 2019 6:33 am
Forum: Personal Consumer Issues
Topic: The Upper Peninsula (UP) in August....What to do, Where to stay?
Replies: 36
Views: 2519

Re: The Upper Peninsula (UP) in August....What to do, Where to stay?

My wife and I are (were) thinking about visiting in July. The original plan was to get an airb&b near Munising. But all the good ones are booked. So you are wise to start your search early. We might do something different this year then revisit visiting the UP in another year.
by dknightd
Thu Jun 13, 2019 6:29 am
Forum: Investing - Theory, News & General
Topic: Annuities are a bet on future inflation rates and should not be purchased by retirees
Replies: 176
Views: 11761

Re: Annuities are a bet on future inflation rates and should not be purchased by retirees

willthrill81 wrote:
Wed Jun 12, 2019 7:40 pm

What are you trying to achieve with an annuity?
Income, that combined with SS, should provide for comfortable enough living no matter how long we live.
by dknightd
Wed Jun 12, 2019 7:22 pm
Forum: Investing - Theory, News & General
Topic: Annuities are a bet on future inflation rates and should not be purchased by retirees
Replies: 176
Views: 11761

Re: Annuities are a bet on future inflation rates and should not be purchased by retirees

I'm going to buy an annuity in a few months. When I stop getting paid.

If an annuity should not be purchased by a retiree, who should buy one? Perhaps nobody?

I have a plan. My plan includes a dual life annuity. Please do not make me question my plan unless you have a better alternative.

Thanks
by dknightd
Wed Jun 12, 2019 7:09 pm
Forum: Investing - Theory, News & General
Topic: The impact of Baby Boomers on the Future of U.S. Stocks
Replies: 41
Views: 5183

Re: The impact of Baby Boomers on the Future of U.S. Stocks

I don't have the answers to these questions. I am simply concerned. I will write out my concerns in the interest of starting an exchange of ideas on the topic. I believe I read that we have now reached the point where the average baby boomer (defined as birth from 1946 - 1964) has reached the avera...
by dknightd
Wed Jun 12, 2019 6:45 pm
Forum: Personal Consumer Issues
Topic: Toyota Sienna tire replacement at 12k miles
Replies: 70
Views: 3546

Re: Toyota Sienna tire replacement at 12k miles

There is a big difference between legal to drive on, and safe to drive on in inclement weather, or road conditions.
12K is very low. But factory tires are rarely any good.
by dknightd
Wed Jun 12, 2019 4:08 pm
Forum: Investing - Theory, News & General
Topic: "The S&P 500 Is Beating Yale's Endowment Fund"
Replies: 34
Views: 3973

Re: "The S&P 500 Is Beating Yale's Endowment Fund"

Honestly it looks like Yale is doing pretty well.
by dknightd
Wed Jun 12, 2019 12:52 pm
Forum: Personal Finance (Not Investing)
Topic: How to preserve $10M+ in wealth owned by unsophisticated people?
Replies: 82
Views: 14435

Re: How to preserve $10M+ in wealth owned by unsophisticated people?

OP perhaps invite your mother, and wife, and kids to join the Bogleheads online community.There is much to be learned here.
by dknightd
Wed Jun 12, 2019 9:29 am
Forum: Personal Finance (Not Investing)
Topic: Do you carry Umbrella Insurance?
Replies: 141
Views: 8394

Re: Do you carry Umbrella Insurance?

I'm was thinking around $1m. But that might not be enough. I guess we'll decide after we meet with insurance agent. This reminds me of the adage...never ask your barber if you need a haircut. I don't know how I can decide if I don't know what it will cost. I suspect the insurance agent will be able...
by dknightd
Wed Jun 12, 2019 9:29 am
Forum: Personal Finance (Not Investing)
Topic: Do you carry Umbrella Insurance?
Replies: 141
Views: 8394

Re: Do you carry Umbrella Insurance?

I'm was thinking around $1m. But that might not be enough. I guess we'll decide after we meet with insurance agent. This reminds me of the adage...never ask your barber if you need a haircut. I don't know how I can decide if I don't what it will cost. I suspect the insurance agent will be able to p...
by dknightd
Wed Jun 12, 2019 8:38 am
Forum: Personal Finance (Not Investing)
Topic: [Proposed changes to 401(k) and IRAs]
Replies: 67
Views: 2785

Re: "Help Is Almost Here for Retirement Savers"

It is good to have options. Choose the one that makes you happy.
by dknightd
Wed Jun 12, 2019 7:54 am
Forum: Personal Finance (Not Investing)
Topic: How to preserve $10M+ in wealth owned by unsophisticated people?
Replies: 82
Views: 14435

Re: How to preserve $10M+ in wealth owned by unsophisticated people?

QTIP trusts! Wow, thanks. We've done an AB Living Trust which saved us probate when my father passed away, but I did not know about this except vaguely, I will research it. Maybe your mother and father have this already set up in a trust for you. Sorry for the loss of your father. Likely they are m...
by dknightd
Wed Jun 12, 2019 6:31 am
Forum: Personal Finance (Not Investing)
Topic: Pension plus savings vs defined contribution plan for new teacher
Replies: 11
Views: 961

Re: Pension plus savings vs defined contribution plan for new teacher

1) Assuming she stays at the same teaching job for her entire career, which would be a better option? Likely the pension 2) If she thinks she will leave before the 10 year vesting period, which would be better? Likely the defined contribution. I had a similar decision to make when I started my job....
by dknightd
Mon Jun 10, 2019 7:03 pm
Forum: Personal Consumer Issues
Topic: Anything you wish you had spent money on when you were younger?
Replies: 71
Views: 6456

Re: Anything you wish you had spent money on when you were younger?

When I was younger I pretty much spent all the money I had. I wish I had more money to spend back then.
But it all worked out. At least so far. I'm glad I did not spend more money than I had.
by dknightd
Mon Jun 10, 2019 6:50 pm
Forum: Personal Consumer Issues
Topic: Preventing Identity Theft
Replies: 46
Views: 3564

Re: Preventing Identity Theft

On a related note, I received the following email today: "It's your identity. Help keep it that way. Activate free alerts to help you protect your most precious asset – your identity. FREE Social Security number alerts We'll monitor thousands of Dark Web sites every day and alert you if we find your...
by dknightd
Mon Jun 10, 2019 6:40 pm
Forum: Personal Finance (Not Investing)
Topic: Do you carry Umbrella Insurance?
Replies: 141
Views: 8394

Re: Do you carry Umbrella Insurance?

Why would I insure an Umbrella? They are cheap and easy to replace. At least the ones I use. Sorry, I could not resist . . . We do not currently have an Umbrella liability insurance policy. But is it something to look at on my to do list. Along with increasing liability insurance on house and cars. ...
by dknightd
Mon Jun 10, 2019 6:24 pm
Forum: Personal Finance (Not Investing)
Topic: Paying for rent is throwing away money...myth?
Replies: 302
Views: 18485

Re: Paying for rent is throwing away money...myth?

myth Renting is paying for something you need. A place to live. It is also a life choice. You have the flexibility to move more easily, and have the landlord take care of repairs. But, you can't paint the walls any color you want. In some markets you can rent for less than you would pay for interest...
by dknightd
Mon Jun 10, 2019 5:32 pm
Forum: Investing - Theory, News & General
Topic: Is it bad to look at debt (student loans) like this?
Replies: 39
Views: 2956

Re: Is it bad to look at debt (student loans) like this?

I look at student loans as an investment. An investment in myself. I took out student loans (and have paid them back) to help fund my education. Both my kids took out student loans to help them fund their education. There is more to this than just money. There is job satisfaction and doing what you ...
by dknightd
Sat Jun 08, 2019 10:56 am
Forum: Investing - Theory, News & General
Topic: The logical fallacy behind "Bonds Are For Safety"
Replies: 248
Views: 15361

Re: The logical fallacy behind "Bonds Are For Safety"

I think the logical fallacy here is believing that any paper or electronic investment makes you "safe". I'm willing to accept this fallacy since I would not likely survive the alternative.
by dknightd
Sat Jun 08, 2019 10:12 am
Forum: Investing - Theory, News & General
Topic: The logical fallacy behind "Bonds Are For Safety"
Replies: 248
Views: 15361

Re: The logical fallacy behind "Bonds Are For Safety"

Bonds are not safe. Stocks are not safe. Pensions are not safe. Annuities are not safe. You can make up as many logical fallacies as you want. In the end, if you are lucky to be able to retire when you want, be happy. The hardest thing for me was trying to draw the line. When do you have enough? The...
by dknightd
Sat Jun 08, 2019 9:48 am
Forum: Investing - Theory, News & General
Topic: Annuities are a bet on future inflation rates and should not be purchased by retirees
Replies: 176
Views: 11761

Re: Annuities are a bet on future inflation rates and should not be purchased by retirees

I agree annuities are a bet on future inflation rates. The bet is inflation will stay reasonable. I'm not convinced any retirement investment is safe in the eyes of extremely high inflation. I'm not convinced SS will keep up. I'm not convinced TIPS will keep up. The inflation adjustments to both cou...
by dknightd
Sat Jun 08, 2019 5:50 am
Forum: US Chapters
Topic: Roll Call for the Retirement Class of 2019!
Replies: 289
Views: 34742

Re: Roll Call for the Retirement Class of 2019!

Here’s to not yet being retired but not having to go to work ever again! Cheers! My last day working was also 5/31/19. My first day of official retirement is 9/1. In some ways this a good thing. In some ways it complicates things a little. I'm still in the just do nothing for a little while phase ;...
by dknightd
Thu Jun 06, 2019 1:25 pm
Forum: Personal Finance (Not Investing)
Topic: Selling home- Demanding Buyer (Repairs)
Replies: 315
Views: 21574

Re: Selling home- Demanding Buyer (Repairs)

If I was the seller, I'd fix the septic, then relist. Raise the price since it is has new septic. Unless I needed the money ASAP. Then I'd probably offer your potential buyer a final offer. Get it over with. Either they will take it or not. If you want/need to sell the house, bummer for you, good fo...
by dknightd
Wed Jun 05, 2019 9:44 am
Forum: Personal Finance (Not Investing)
Topic: 1st Tax Audit in 22 years!
Replies: 27
Views: 3349

Re: 1st Tax Audit in 22 years!

Not sure why you despise software. Been using turbo tax since 99 and it is quite powerful. Certain things require direct interaction with the forms but overall it is excellent. There was no mistake, IRS is just stumped by inputs. I have nothing against tax software. I use it every year. Very handy.
by dknightd
Tue Jun 04, 2019 8:44 pm
Forum: Personal Finance (Not Investing)
Topic: 1st Tax Audit in 22 years!
Replies: 27
Views: 3349

Re: 1st Tax Audit in 22 years!

We rebuilt the entire house so we spent multiples of that HELOC. I'm okay with it being delayed. I don't want to make a mistake and have the IRS deny the claim and force me to pay taxes on the $110k! The mistake, if any, has already been made. You used tax software. If you put in something wrong th...
by dknightd
Tue Jun 04, 2019 8:01 pm
Forum: Personal Consumer Issues
Topic: Walking Cities, potential for retirees
Replies: 92
Views: 7226

Re: Walking Cities, potential for retirees

The problem is it is a moving target. When I moved into my house I could walk to work, walk to a grocery, walk to the library, pretty much the only reason I had to drive was to carry heavy things, or go to a major hospital. Then they moved both the grocery and library. Apparently they were both too...
by dknightd
Tue Jun 04, 2019 7:48 pm
Forum: Personal Finance (Not Investing)
Topic: 1st Tax Audit in 22 years!
Replies: 27
Views: 3349

Re: 1st Tax Audit in 22 years!

Just received an audit by mail notice asking for more information about my Schedule A mortgage interest deduction from 2017. I guess claiming $110,000 in mortgage interest deduction wasn't going to fly under the radar! It's going to be a royal pain in terms of paperwork. Luckily, I've been buying T...
by dknightd
Tue Jun 04, 2019 5:07 pm
Forum: Personal Consumer Issues
Topic: Walking Cities, potential for retirees
Replies: 92
Views: 7226

Re: Walking Cities, potential for retirees

The problem is it is a moving target. When I moved into my house I could walk to work, walk to a grocery, walk to the library, pretty much the only reason I had to drive was to carry heavy things, or go to a major hospital. Then they moved both the grocery and library. Apparently they were both too ...
by dknightd
Mon Jun 03, 2019 6:29 pm
Forum: Personal Consumer Issues
Topic: Does money/lack of money preoccupy you?
Replies: 85
Views: 6848

Re: Does money/lack of money preoccupy you?

Not yet. But I do like to keep my eyes on things
by dknightd
Mon Jun 03, 2019 6:12 pm
Forum: US Chapters
Topic: Roll Call for the Retirement Class of 2019!
Replies: 289
Views: 34742

Re: Roll Call for the Retirement Class of 2019!

Well, that is it for me. Happy Friday! My last one working for money :) Dknightd, enjoyed your post! and now you can work for yourself 8-) Please keep us posted what you're doing. Bogleheads enjoy reading about the retirement adventures of fellow classmates. And thank you, fellow Bogleheads, for he...
by dknightd
Mon Jun 03, 2019 5:22 pm
Forum: Personal Consumer Issues
Topic: Do you drive old cars for long distance travels?
Replies: 105
Views: 6955

Re: Do you drive old cars for long distance travels?

I plan to drive my 2002 BMW 330 cic to Colorado this summer (From NY). Wish me luck ;)
by dknightd
Mon Jun 03, 2019 5:20 pm
Forum: Personal Consumer Issues
Topic: Havasupai, Have a Sticker Shock
Replies: 27
Views: 3689

Re: Havasupai, Have a Sticker Shock

If you want to do it, then do it! You only live once.
by dknightd
Sun Jun 02, 2019 11:33 am
Forum: Personal Finance (Not Investing)
Topic: Can we afford to pay for our kid's college (at all)?
Replies: 234
Views: 14578

Re: Can we afford to pay for our kid's college (at all)?

What a weird thread. Pay what you can or want to. Let the kid pick up the rest.
by dknightd
Fri May 31, 2019 5:55 pm
Forum: Personal Consumer Issues
Topic: What to do with a 24" analog CRT TV?
Replies: 56
Views: 2955

Re: What to do with a 24" analog CRT TV?

I'd try to recycle it.
by dknightd
Fri May 31, 2019 5:52 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 11008
Views: 1918675

Re: U.S. stocks in free fall

I retired from working today. I'll stop getting paid 9/1/19. So 3 more months of DCA. If the market goes below Dec 2018 lows I'l move money around. Otherwise I'll sit and hope for best. I don't know what else to do. Wish me luck
by dknightd
Fri May 31, 2019 5:32 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 11008
Views: 1918675

Re: U.S. stocks in free fall

willthrill81 wrote:
Fri May 31, 2019 3:17 pm
ReformedSpender wrote:
Fri May 31, 2019 12:06 pm
Image
So we're supposed to believe that the S&P 500 will be cut in half in a year?
Could be. Or maybe a year. Who knows?
by dknightd
Fri May 31, 2019 4:15 pm
Forum: Personal Finance (Not Investing)
Topic: Failure to pay proper estimated tax
Replies: 10
Views: 740

Re: Failure to pay proper estimated tax

You are required to withhold a certain amount of taxes. Generally, if you withhold 100% of the total amount of tax due from last year, or 90% of the tax due this year, you will pay no penalties. I don't really understand the withholding tables, so I just add a flat amount of additional taxes to pay...
by dknightd
Fri May 31, 2019 3:44 pm
Forum: Personal Investments
Topic: 6 months to go for 1/2 of couple to retire
Replies: 5
Views: 983

Re: 6 months to go for 1/2 of couple to retire

Plan looks good to me. Looks like you could spend more now if you think it would make you happier. But don't go crazy. You might want to think about how much longer you want to be a landlord. As long as you keep doing that you will never be truly retired ;) If you have use for a truck once in a whil...
by dknightd
Fri May 31, 2019 2:34 pm
Forum: US Chapters
Topic: Roll Call for the Retirement Class of 2019!
Replies: 289
Views: 34742

Re: Roll Call for the Retirement Class of 2019!

Well, that is it for me. Happy Friday! My last one working for money :)
by dknightd
Thu May 30, 2019 4:00 pm
Forum: Investing - Theory, News & General
Topic: Modeling Worst Case Scenarios & Does AA Matter When Consistently Contributing?
Replies: 16
Views: 1455

Re: Modeling Worst Case Scenarios & Does AA Matter When Consistently Contributing?

I would not trust modeling anything based on historical results. But I'm not sure there is a better model.
Keep throwing money at it. Likely you will be OK
by dknightd
Tue May 28, 2019 3:50 pm
Forum: Personal Consumer Issues
Topic: Used Miata as a daily driver, terrible idea?
Replies: 44
Views: 2308

Re: Used Miata as a daily driver, terrible idea?

Hi, Frequent lurker, rare poster at BH. I am moving to the Bay area, more specifically Redwood City/San Mateo area, next month from an East coast city where I don't have a car and use public transit. As such, I need a car to commute to work and more generally get around. Since the weather seems to ...
by dknightd
Mon May 27, 2019 10:55 am
Forum: Investing - Theory, News & General
Topic: Do you have an allocation more conservative than 50/50 ?? What is it? Why? How Bogleheads are getting it done.
Replies: 135
Views: 11971

Re: Do you have an allocation more conservative than 50/50 ?? What is it? Why?

Wow. Great plan! 25/75 Do you have your baseline expenses covered by income streams outside of your portfolio (which is where the allocation is figured)? thanks, j :happy The plan is that SPIA (dual life, with small annual increases that will likely not keep up with inflation), SS, and my wife's sm...