Search found 126 matches

by tealeaves
Fri May 22, 2020 7:46 pm
Forum: Personal Finance (Not Investing)
Topic: The axe falls and I am prepared. What's next?
Replies: 343
Views: 24691

Re: The axe falls and I am prepared. What's next?

A good friend of mine is in a similar position. I've helped him with his taxes so I know a bit about his finances. Mid fifties, just laid off; more of a tech project manager in recent years but still with good development skills. Investable assets a bit greater (roughly $2.3M) but also with higher a...
by tealeaves
Wed May 20, 2020 9:51 am
Forum: Personal Consumer Issues
Topic: What is your most luxury/expensive hobby.
Replies: 262
Views: 19227

Re: What is your most luxury/expensive hobby.

I have a couple of actively managed funds
by tealeaves
Mon May 18, 2020 3:36 pm
Forum: Investing - Theory, News & General
Topic: The value of international stocks, in pictures
Replies: 76
Views: 16135

Re: The value of international stocks, in pictures

vineviz wrote:
Wed Jul 11, 2018 9:22 am


Many investors may be either too young or too old to remember the period from 1971 to 1988 (nearly two full decades) during which a globally diversified equity portfolio complex completely dominated a US-only equity portfolio.
LOL
by tealeaves
Mon May 18, 2020 3:28 pm
Forum: Personal Investments
Topic: Holding cash the right choice?
Replies: 17
Views: 2413

Re: Holding cash the right choice?

I'm an idiot. It's in a saving account. I just refer to anything in my savings account as cash. Clearly I chose the wrong words. I shouldn't post late at night :oops: It sounds like a high-yield savings account might be the best option given the feedback so far. I think having a year of expenses in...
by tealeaves
Mon May 18, 2020 3:20 pm
Forum: Investing - Theory, News & General
Topic: Wall Street says stocks are very overvalued
Replies: 45
Views: 3863

Re: Wall Street says stocks are very overvalued

Croissant wrote:
Mon May 18, 2020 9:06 am
https://www.bloomberg.com/news/articles ... ock-prices

article listed some big fund manager names
I believe these big fund manager names are significantly overvalued (and overpaid)
by tealeaves
Mon May 18, 2020 1:46 pm
Forum: Personal Finance (Not Investing)
Topic: How did you set up your trust distributions?
Replies: 39
Views: 2490

Re: How did you set up your trust distributions?

We are stipulating 9% of the total value annually among three children after DW and I pass (so 3% annually per child); with a balanced portfolio we expect the payout to last at least 15 years. If the trust pays out 9% annually, won't the payouts last indefinitely? I neglected to mention that when t...
by tealeaves
Sat May 16, 2020 4:09 pm
Forum: Personal Finance (Not Investing)
Topic: How did you set up your trust distributions?
Replies: 39
Views: 2490

Re: How did you set up your trust distributions?

We are stipulating 9% of the total value annually among three children after DW and I pass (so 3% annually per child); with a balanced portfolio we expect the payout to last at least 15 years.
by tealeaves
Thu May 14, 2020 4:06 pm
Forum: Personal Finance (Not Investing)
Topic: Secretly Retired - Family doesn't know
Replies: 27
Views: 2910

Re: Secretly Retired - Family doesn't know

Assuming you want to keep this up, just tell family members you work 100% remotely (now more believable than ever). For friends who don't know you all that long, just say you are a lot older (+20 years) than you look. Happy retirement!
by tealeaves
Fri May 08, 2020 11:10 pm
Forum: Personal Finance (Not Investing)
Topic: Any mental health pros giving up their offices?
Replies: 2
Views: 806

Any mental health pros giving up their offices?

i have several mental health professionals in my family (psychologists, counselors, social workers, life coaches, etc.), who rent offices on a full-time or part-time basis. Since the pandemic they have all resorted to remote sessions with patients/clients (some with video, some not) in order to keep...
by tealeaves
Sun Apr 26, 2020 7:30 pm
Forum: Personal Investments
Topic: Why am I even saving for retirement?
Replies: 223
Views: 19837

Re: Why am I even saving for retirement?

You may not have to if you don't have (or don't plan to have) kids. Lots of people save for legacy purposes.
by tealeaves
Sat Apr 25, 2020 1:07 pm
Forum: Personal Investments
Topic: SWRs given AA, Age, and Projected Future Returns
Replies: 4
Views: 252

SWRs given AA, Age, and Projected Future Returns

A SWR is highly dependent on these assumptions. What current published sources give a reasonable snapshot of current thinking here given projected future (lower) returns in the stock/bond markets for a retiree? E.g. a chart that shows how many years of projected expenses one should have accumulated ...
by tealeaves
Thu Apr 16, 2020 8:07 am
Forum: Personal Investments
Topic: My friend says his Roth and 401k are higher than before the pandemic started
Replies: 49
Views: 5579

Re: My friend says his Roth and 401k are higher than before the pandemic started

All my balances (not just 401k and IRA) are higher than 3 years before the pandemic started.
by tealeaves
Wed Apr 15, 2020 6:24 pm
Forum: Investing - Theory, News & General
Topic: Ray Dalio: ‘you’d be pretty crazy to hold bonds’ right now
Replies: 128
Views: 13147

Re: Ray Dalio: ‘you’d be pretty crazy to hold bonds’ right now

I thought his "all weather portfolio" had a heavy dose of bonds. No? Or is it only for non extreme weather?
by tealeaves
Tue Mar 31, 2020 10:44 pm
Forum: Investing - Theory, News & General
Topic: Investments you wouldn't touch with a 10 foot pole
Replies: 110
Views: 9173

Re: Investments you wouldn't touch with a 10 foot pole

- Limited Partnerships
- Franchises
- Time Shares
- Anything pitched on a TV infomercial between midnight and 6 AM
- Anything pitched on Facebook
- That insurance product pitched by Alex Trebek
by tealeaves
Sat Mar 28, 2020 7:20 am
Forum: Personal Consumer Issues
Topic: Are you still going to the grocery store or using a delivery service? Which?
Replies: 279
Views: 21010

Re: Are you still going to the grocery store or using a delivery service? Which?

60:40 stocks vs.bonds,and 60:40 going to grocery vs.getting delivery.












60:49
by tealeaves
Thu Mar 26, 2020 3:56 am
Forum: Investing - Theory, News & General
Topic: So bottom is probably behind us....right?
Replies: 709
Views: 63079

Re: Have we hit bottom? Time to buy?

Buy now or wait la little longer? Doesn't matter too much if you are certain you won't need the money for at least 5 years. If there is even a remote chance that you will, I agree with the suggestion to talk to an adviser.
by tealeaves
Tue Mar 24, 2020 8:08 pm
Forum: Personal Finance (Not Investing)
Topic: What have you learned from this situation that you will take action on?
Replies: 158
Views: 14387

Re: What have you learned from this situation that you will take action on?

I learned that at the end of the day spending a lot of time thinking about factors and tilting is kind of silly.
by tealeaves
Tue Mar 24, 2020 8:32 am
Forum: Investing - Theory, News & General
Topic: Asset Allocation in the Most Painful Month
Replies: 8
Views: 818

Re: Asset Allocation in the Most Painful Month

Thanks for posting. I think I'm realizing that at this point in my life I'm a bit too cowardly to maintain the Coward's Portfolio. Is the relative success of the Larry Portfolio in this short span almost all due to his 30:70 allocation, or did his choice of stock categories have a major impact in ri...
by tealeaves
Sun Mar 22, 2020 11:42 am
Forum: Investing - Theory, News & General
Topic: What do you think this time period will be called in the future?
Replies: 5
Views: 406

What do you think this time period will be called in the future?

Covid crisis?
Pandemic/Oil shock?
Corona crash?

I'd like to start using the lingo in my memoirs that future history (and economics) papers/books will reference
by tealeaves
Sat Mar 21, 2020 11:14 am
Forum: Investing - Theory, News & General
Topic: 2020 COVID Crash Lessons
Replies: 157
Views: 12768

Re: 2020 COVID Crash Lessons

I have learned that my tolerance for stock fund declines is much higher than for bond fund declines. Same for me. I agonized about losing a couple thousand in Muni holdings way more than losing over 100k in stocks. Makes no logical sense to me! I think the feeling of agony makes perfect sense if yo...
by tealeaves
Fri Mar 20, 2020 4:12 am
Forum: Personal Investments
Topic: Anyone (now) regret choosing a lump sum vs. annuity option?
Replies: 16
Views: 1254

Re: Anyone (now) regret choosing a lump sum vs. annuity option?

Close to that point and was leaning toward the annuity option because of my lack of confidence in consistently exceeding its implied IRR over my assumed lifetime, plus considering he large component of risk in my other assets. So yes, this latest debacle and my generally gloomy economic outlook over...
by tealeaves
Fri Mar 20, 2020 3:03 am
Forum: Personal Investments
Topic: When will S&P 500 go back to 3386 ?
Replies: 98
Views: 6247

Re: When will S&P 500 go back to 3386 ?

4/30/2020. Then I will sell in May and go away (forever).
by tealeaves
Thu Mar 19, 2020 6:09 pm
Forum: Personal Investments
Topic: List of Vanguard "Wash Sale" Equivalents?
Replies: 3
Views: 420

Re: List of Vanguard "Wash Sale" Equivalents?

venkman wrote:
Thu Mar 19, 2020 12:19 am
The general rule of thumb is that you're fine as long as you switch to a fund that tracks a different index, even if it's very similar to your original fund. Aside from different share classes of the same fund, I don't think Vanguard has more than one fund that tracks any given index.
Thank you
by tealeaves
Wed Mar 18, 2020 11:22 pm
Forum: Personal Investments
Topic: List of Vanguard "Wash Sale" Equivalents?
Replies: 3
Views: 420

List of Vanguard "Wash Sale" Equivalents?

Planning to TLH shortly across several Vanguard funds (I'm new to that) and want to make sure I don't mess up with regard to wash sales. Besides the obvious (funds and their ETF equivalents), is there some type of list to refer to as to what funds are "substantially equivalent" to each other (and po...
by tealeaves
Thu Mar 12, 2020 9:53 am
Forum: Personal Investments
Topic: This is why I like buckets
Replies: 11
Views: 1364

Re: News Sources !!!

OP, What’s your problem with CNBC (or any other news source)? I would encourage anyone (even you) to get information from multiple sources and to continue asking questions. DW may outlive you and then will need to be financially literate and know where the family assets are. She needs to be able to...
by tealeaves
Fri Mar 06, 2020 9:49 pm
Forum: Investing - Theory, News & General
Topic: Okay, now when you do buy back in?
Replies: 230
Views: 21560

Re: Okay, now when you do buy back in?

I'm buying a little every day, and keep catching the falling knife. I have cuts on my hands, but know they will heal.
by tealeaves
Thu Feb 27, 2020 4:50 pm
Forum: Personal Investments
Topic: I miss looking at my portfolio
Replies: 5
Views: 818

I miss looking at my portfolio

Since 2009 I've been looking at my balance online daily, once in the morning and once in the evening. It's been fun watching the steady increases (with some bumps along the way of course) via Vanguard's portfolio analysis tools (including portfolio tester). Now I've stopped looking at it. Watching t...
by tealeaves
Wed Feb 26, 2020 7:53 pm
Forum: Personal Finance (Not Investing)
Topic: Cell phone usage in Europe
Replies: 27
Views: 1644

Cell phone usage in Europe

I have not traveled abroad in many years but need to leave on Friday for Europe (specifically to London, Prague, and Berlin) for a week to attend to some unexpected family issues. I currently have an Iphone 7 with an AT&T family plan. What is the most economical way to continue cell phone usage whil...
by tealeaves
Thu Feb 20, 2020 12:07 am
Forum: US Chapters
Topic: Where is Livesoft!?
Replies: 147
Views: 27528

Re: Where is Livesoft!?

RubyTuesday wrote:
Tue Feb 18, 2020 11:13 pm
It’s been 2 full weeks since he was active.

I’m doing my taxes and will surely need his sage advice before filing.

Hope he is well and just traveling and taking time off.

RT
I think I saw him last weekend. But I'm not positive that it was him. So I won't say where I think I saw him.
by tealeaves
Sun Feb 16, 2020 2:11 pm
Forum: Personal Finance (Not Investing)
Topic: Annuity recipients - how does the payer know when you die?
Replies: 7
Views: 1022

Annuity recipients - how does the payer know when you die?

If one is the lone recipient or last surviving beneficiary of a lifetime pension or annuity where the monthly payment is on automatic EFT to a bank, what happens if the executor (assuming there is one) or somebody from the family (assuming there is one) does not notify the payer (insurance company, ...
by tealeaves
Fri Feb 14, 2020 3:40 pm
Forum: Personal Investments
Topic: Need help in evaluating lump sum/pension options for couple friend
Replies: 34
Views: 1115

Re: Need help in evaluating lump sum/pension options for couple friend

Her: age 58, retiring later this year, no interest in managing money The only thing the I'd add (after mulling over this type of decision myself for the future) is that I would not let the above fact alone dissuade you from recommending the lump sum IF the numbers work in favor of that option. I th...
by tealeaves
Mon Feb 10, 2020 1:40 pm
Forum: Personal Finance (Not Investing)
Topic: Am I crazy to consider quitting my job?
Replies: 128
Views: 14067

Re: Am I crazy to consider quitting my job?

People can tell you what they would do, but in the end it doesn't matter. You and your husband should obviously take whatever protective precautions you can (adequate disability insurance for him. etc.) and then make the risk/reward decision based your joint forward looking worst case scenario. You'...
by tealeaves
Sat Feb 08, 2020 11:26 am
Forum: Personal Finance (Not Investing)
Topic: Use same lawyer to update trust and other estate documents?
Replies: 7
Views: 533

Use same lawyer to update trust and other estate documents?

Our revocable trust (created 8 years ago) needs to be updated (no longer own a house, wish to tweak how beneficiaries get allocated, make changes if necessary accounting for new tax law, etc.). I would grade the law firm we used as just OK (knowledgeable but as I think back too "salesy"). Is it typi...
by tealeaves
Sun Jan 26, 2020 7:48 pm
Forum: Personal Investments
Topic: Leaving TIRAs to kids vs.spouse and vs. Roth conversions
Replies: 24
Views: 1233

Re: Leaving TIRAs to kids vs.spouse and vs. Roth conversions

While the Secure Act delivers a major blow to the stretch, the beneficiary decision should be primarily based on the facts and circumstances of both the surviving spouse (if any) and the non spouse beneficiaries. And there are a few issues the IRS needs to clean up, and release guidance. I assume t...
by tealeaves
Sun Jan 26, 2020 7:46 pm
Forum: Personal Investments
Topic: Leaving TIRAs to kids vs.spouse and vs. Roth conversions
Replies: 24
Views: 1233

Re: Leaving TIRAs to kids vs.spouse and vs. Roth conversions

I've been doing minor Roth conversions for a couple of years for all the conventional reasons (i.e, belief that my tax rate at RMD time will be higher, etc.), but also for easing the future tax burden on my heirs. Between taxable investments, a joint survivor pension annuity, and her own TIRA, my D...
by tealeaves
Sun Jan 26, 2020 7:45 pm
Forum: Personal Investments
Topic: Leaving TIRAs to kids vs.spouse and vs. Roth conversions
Replies: 24
Views: 1233

Re: Leaving TIRAs to kids vs.spouse and vs. Roth conversions

We have our children as contingent beneficiaries of our IRA's with the spouse as primary. Our IRA's are at Fidelity and I verified with them that the surviving spouse can disclaim all or part of the IRA with the balance going to the contingent beneficiaries. This allows the surviving spouse to make...
by tealeaves
Sun Jan 26, 2020 7:44 pm
Forum: Personal Investments
Topic: Leaving TIRAs to kids vs.spouse and vs. Roth conversions
Replies: 24
Views: 1233

Re: Leaving TIRAs to kids vs.spouse and vs. Roth conversions

with these low tax rates you gotta be crazy not to do massive roth conversions especially if married filing jointly and living in an income tax free state like florida with the secure act you gotta plan who gets the roth and who gets the traditional most experts feel rates will go up in 2026 we can...
by tealeaves
Sun Jan 26, 2020 7:43 pm
Forum: Personal Investments
Topic: Leaving TIRAs to kids vs.spouse and vs. Roth conversions
Replies: 24
Views: 1233

Re: Leaving TIRAs to kids vs.spouse and vs. Roth conversions

Actually, in our particular case each spouse has enough in their own TIRA to place them in the 35+% tax bracket as a surviving individual when RMD's kick in with pensions, social security and taxable investment income. At least one of our two children will be in a much lower tax bracket because tea...
by tealeaves
Sun Jan 26, 2020 10:00 am
Forum: Personal Investments
Topic: Leaving TIRAs to kids vs.spouse and vs. Roth conversions
Replies: 24
Views: 1233

Re: Leaving TIRAs to kids vs.spouse and vs. Roth conversions

TomatoTomahto wrote:
Sun Jan 26, 2020 9:52 am
I guess a lot depends on the details. My wife and I are doing something similar. She won’t need my tIRAs to provide for her, and we are giving them directly to the heirs.
Thanks. And given this decision are you not doing (or doing less in) Roth conversions from your tIRAs?
by tealeaves
Sun Jan 26, 2020 9:48 am
Forum: Personal Investments
Topic: Leaving TIRAs to kids vs.spouse and vs. Roth conversions
Replies: 24
Views: 1233

Leaving TIRAs to kids vs.spouse and vs. Roth conversions

I've been doing minor Roth conversions for a couple of years for all the conventional reasons (i.e, belief that my tax rate at RMD time will be higher, etc.), but also for easing the future tax burden on my heirs. Between taxable investments, a joint survivor pension annuity, and her own TIRA, my DW...
by tealeaves
Thu Jan 23, 2020 9:58 pm
Forum: Personal Finance (Not Investing)
Topic: Life Insurance in Retirement?
Replies: 42
Views: 3030

Re: Life Insurance in Retirement?

Ed Slott I believe uses the term "tax time bomb" repeatedly in his literature and programs, and always touts whole life (in addition to Roths) as a sensible way to offset the "bomb" for heirs because the life insurance proceeds are income tax free. He does not seem like a sales guy, so why does he ...
by tealeaves
Tue Jan 21, 2020 7:21 pm
Forum: Personal Finance (Not Investing)
Topic: Life Insurance in Retirement?
Replies: 42
Views: 3030

Re: Life Insurance in Retirement?

Ed Slott I believe uses the term "tax time bomb" repeatedly in his literature and programs, and always touts whole life (in addition to Roths) as a sensible way to offset the "bomb" for heirs because the life insurance proceeds are income tax free. He does not seem like a sales guy, so why does he ...
by tealeaves
Tue Jan 21, 2020 5:58 pm
Forum: Personal Finance (Not Investing)
Topic: Life Insurance in Retirement?
Replies: 42
Views: 3030

Re: Life Insurance in Retirement?

Ed Slott I believe uses the term "tax time bomb" repeatedly in his literature and programs, and always touts whole life (in addition to Roths) as a sensible way to offset the "bomb" for heirs because the life insurance proceeds are income tax free. He does not seem like a sales guy, so why does he p...
by tealeaves
Sat Jan 18, 2020 9:59 pm
Forum: Personal Finance (Not Investing)
Topic: Why retire?
Replies: 267
Views: 16858

Re: Why retire?

Hi everyone, This forum is primarily focused on a comfortable secure retirement and many members look forward to early retirement. At my age of 38, I do not see why should I aim for a retirement at 50, 55 or 60. I feel good at my work and life seems comfortable. My question is- what changes happen ...
by tealeaves
Sat Dec 28, 2019 3:57 pm
Forum: Investing - Theory, News & General
Topic: How long to recover from a 30% crash, 10%?
Replies: 47
Views: 3748

Re: How long to recover from a 30% crash, 10%?

For someone like yourself you’d hope it takes a decade or more so you can buy more shares and then have it rebound in retirement. I don't plan on retiring for at least 20 years. Maybe I'll work till I'm dead. I watch a guy on Ytube called "Cliffs Coral Barber" who is still working in his late 70's ...
by tealeaves
Fri Dec 27, 2019 12:18 am
Forum: Personal Consumer Issues
Topic: Sleep Masks & Ear Plugs
Replies: 35
Views: 2338

Re: Sleep Masks & Ear Plugs

I am a light sleeper and need help since my biggest issues are light and noise. I tried the foam ear plugs and they always fall out, no matter what I do. Do they make over the head ear pads that are comfortable for sleeping? Sleep mask suggestions appreciated too. Please post what works for you whe...
by tealeaves
Mon Dec 23, 2019 7:46 pm
Forum: Personal Finance (Not Investing)
Topic: Excessive end of car lease wear and tear charges
Replies: 13
Views: 1682

Re: Excessive end of car lease wear and tear charges

How much money are we talking about? And what are the itemized charges. Facts always better than opinions. Over $4K total. Dents/scratches on left and right doors and quarter panels and front and back bumpers, as well as the roof. $500-$600 per "item." I can get the exact list if helpful in getting...
by tealeaves
Mon Dec 23, 2019 7:38 pm
Forum: Personal Finance (Not Investing)
Topic: Excessive end of car lease wear and tear charges
Replies: 13
Views: 1682

Excessive end of car lease wear and tear charges

Wondering how others have fought these charges. Complicating factor here is that the lessee is no longer in possession of the vehicle (returned early as part of a deal for early renewal into a new lease) so he does not have the option of making repairs at a lower cost by his own body shop. Note that...