Search found 41 matches

by Wanderingwheelz
Fri Sep 20, 2019 2:32 pm
Forum: Personal Investments
Topic: Get Rid of FA. Create Single Fund Retirement Portfolio
Replies: 11
Views: 1534

Re: Get Rid of FA. Create Single Fund Retirement Portfolio

The problem is that if you are paying your advisor 1% a year then that needs to come out of your 4% budget so you are actually paying the advisor 25% of your spendable income each year.
Amazing that retires, or really anyone, fails to see this.
by Wanderingwheelz
Tue Sep 17, 2019 7:50 am
Forum: Investing - Theory, News & General
Topic: DCA vs. Lump Sum- an interesting analysis
Replies: 62
Views: 3379

DCA vs. Lump Sum- an interesting analysis

https://ofdollarsanddata.com/the-cost-o ... ssion=true

Thought it was worth a read if you’re a “nervous nellie” sitting on the sidelines in cash.
by Wanderingwheelz
Wed Aug 14, 2019 8:39 pm
Forum: Personal Investments
Topic: Interest rates low: leverage up?
Replies: 63
Views: 4613

Re: Interest rates low: leverage up?

I appreciate the concern about excessive losses and ending up in debt. That is what happened to market timer and was obviously a disaster. Note that the way I'm implementing this is by buying a 3x leverage ETF with a fraction (30%) of one of my retirement accounts. The worst case for this investmen...
by Wanderingwheelz
Tue Apr 09, 2019 11:14 am
Forum: Personal Investments
Topic: Grandparents gifting options for grandkids college
Replies: 48
Views: 3294

Re: Grandparents gifting options for grandkids college

In my situation, unbeknownst to me, my parents began contributing to 529 plans for all of the grandkids at birth. They’ve never given me a nickel directly, mind you. For anything- since I finished college. Lol. Now that my kids are in college, when a bill comes due I tell my dad how much and he mak...
by Wanderingwheelz
Sun Apr 07, 2019 9:49 pm
Forum: Personal Investments
Topic: Grandparents gifting options for grandkids college
Replies: 48
Views: 3294

Re: Grandparents gifting options for grandkids college

In my situation, unbeknownst to me, my parents began contributing to 529 plans for all of the grandkids at birth. They’ve never given me a nickel directly, mind you. For anything- since I finished college. Lol. Now that my kids are in college, when a bill comes due I tell my dad how much and he make...
by Wanderingwheelz
Mon Mar 25, 2019 10:43 pm
Forum: Personal Investments
Topic: Experience with Edward Jones?
Replies: 76
Views: 7447

Re: Experience with Edward Jones?

My brother has been an EJ rep for nearly 20 years and he’s never once asked me for my business, or even implied anything when he and I talk about investing. He knows I have more to invest than he does, but still leaves me alone to do it my way- 100% Vanguard index funds. A couple of years ago I told...
by Wanderingwheelz
Mon Mar 25, 2019 10:41 am
Forum: Personal Investments
Topic: Is this a reasonable AA for someone retiring in 5 to 10 years?
Replies: 12
Views: 1492

Re: Is this a reasonable AA for someone retiring in 5 to 10 years?

Will you also receive Social Security benefits? If so how much? Do you have any debt? If so what types, amounts and interest rates? Getting ready to change new contributions. How does this look for a couple getting ready to retire in five to ten years? I will have a 65k/yr pension with 1.5% COLA th...
by Wanderingwheelz
Fri Mar 22, 2019 3:41 pm
Forum: Personal Investments
Topic: How to realistically FIRE?
Replies: 310
Views: 22831

Re: How to realistically FIRE?

One thing I haven’t seen mentioned in this thread is ability of an individual to return to work if their FIRE plan fails. Theoretically, somebody retiring very early should be able to go back to some sort of employment if their 25x, 35x or whatever it may be falls short when they FIRE. I plan to ca...
by Wanderingwheelz
Fri Mar 22, 2019 12:58 pm
Forum: Personal Investments
Topic: How to realistically FIRE?
Replies: 310
Views: 22831

Re: How to realistically FIRE?

Simple question. Is 25x expenses/spending really a “safe” way to look at one’s ability or preparedness to retire? I realize it get safer to use such “rules of thumb” as you get older, but even for a 50 year old, is it still “within the margin of safety” to use the 25x figure? Two SSs will be there,...
by Wanderingwheelz
Thu Mar 21, 2019 9:20 am
Forum: Personal Investments
Topic: How to realistically FIRE?
Replies: 310
Views: 22831

Re: How to realistically FIRE?

It’s shame the SF Bay Area totally took over this thread, since each one of us already knows that it’s incredibly unlike the vast majority of America. Middle class doesn’t mean the same thing in San Francisco as it does in Cleveland. We get it. The ability to FIRE is affected by cost of living as w...
by Wanderingwheelz
Tue Mar 19, 2019 4:07 pm
Forum: Personal Investments
Topic: How to realistically FIRE?
Replies: 310
Views: 22831

Re: How to realistically FIRE?

It’s shame the SF Bay Area totally took over this thread, since each one of us already knows that it’s incredibly unlike the vast majority of America. Middle class doesn’t mean the same thing in San Francisco as it does in Cleveland. We get it. The ability to FIRE is affected by cost of living as we...
by Wanderingwheelz
Tue Mar 19, 2019 8:56 am
Forum: Personal Investments
Topic: How to get over a $25K stock market loss?
Replies: 125
Views: 10948

Re: How to get over a $25K stock market loss?

I had put the money we had saved up over the past few years for the downpayment for a home purchase in a taxable account in Vanguard. It was sitting in the Money Market Fund earning 2% or so. But sometime in September last year when it looked like we will not be buying a home for another year at le...
by Wanderingwheelz
Mon Mar 18, 2019 2:19 pm
Forum: Personal Investments
Topic: How to realistically FIRE?
Replies: 310
Views: 22831

Re: How to realistically FIRE?

I just wish all the boomers would FIRE already. Us Genexers need some top jobs and you keep hogging them :) As a tail-end boomer that just bagged it at 56, you're welcome! But I'm really liking this 3% is the new 4% with maybe a safety margin on top of that and let's also discount Social Security t...
by Wanderingwheelz
Mon Mar 18, 2019 9:56 am
Forum: Personal Investments
Topic: How to realistically FIRE?
Replies: 310
Views: 22831

Re: How to realistically FIRE?

I just wish all the boomers would FIRE already. Us Genexers need some top jobs and you keep hogging them :) As a tail-end boomer that just bagged it at 56, you're welcome! But I'm really liking this 3% is the new 4% with maybe a safety margin on top of that and let's also discount Social Security t...
by Wanderingwheelz
Mon Mar 18, 2019 7:57 am
Forum: Personal Investments
Topic: How to realistically FIRE?
Replies: 310
Views: 22831

Re: How to realistically FIRE?

Just another data point here to confirm that it’s not unusual at all for a family in (or around) San Francisco to spend $120k / year even without a mortgage, and while living a fairly frugal life. I know it’s very hard to believe if you’re not living there (I certainly couldn’t imagine it before I ...
by Wanderingwheelz
Sun Mar 17, 2019 9:56 am
Forum: Personal Investments
Topic: How to realistically FIRE?
Replies: 310
Views: 22831

Re: How to realistically FIRE?

If your mindset is one of fear and scarcity, no SWR can be too low, no multiple of expenses can be too high and no serial deep discounting of other revenue streams can be enough. What you end up in sum is a ridiculous plan that involves never retiring or working for many more years than you need to...
by Wanderingwheelz
Sun Mar 17, 2019 9:10 am
Forum: Personal Investments
Topic: How to realistically FIRE?
Replies: 310
Views: 22831

Re: How to realistically FIRE?

I think the formula is really (# of years left to live ) * expenses. At age 50 I would want 40 * expenses. At 65, 25 * expenses works well. I've not seen this said before, but I think it's a very fair and reasonable way to look at it. How your assets are allocated and how close your expenses are to...
by Wanderingwheelz
Sun Mar 17, 2019 7:23 am
Forum: Personal Investments
Topic: How to realistically FIRE?
Replies: 310
Views: 22831

Re: How to realistically FIRE?

I should probably start a separate thread about parents who are 45 to 50 years older than their youngest child. It would be interesting to hear how at least partially paying for college costs while being retired worked out. I'll be 67 when my youngest graduates from high school and his two elder si...
by Wanderingwheelz
Sat Mar 16, 2019 9:42 am
Forum: Investing - Theory, News & General
Topic: That's enough for me in 2019
Replies: 814
Views: 93422

Re: That's enough for me in 2019

As a recent reader of the site, I’ve read a lot about adjusting AA based on the 5% bands. Has anyone been doing this already this year as the market has been up? I am 75/25 ( I didn’t realize that until I put all my accounts in Personal Capital) but am thinking I’d be happier at 60/40. I’m consider...
by Wanderingwheelz
Sat Mar 16, 2019 8:22 am
Forum: Investing - Theory, News & General
Topic: That's enough for me in 2019
Replies: 814
Views: 93422

Re: That's enough for me in 2019

The Fed could very well cut rates back down to zero, for all we know. If that happens there goes your hundred bucks a day. I think we can all agree that if a 100% cash position is to pay off that the Fed is going to be extremely active. And times like those it’s extremely difficult to buy back all i...
by Wanderingwheelz
Fri Mar 15, 2019 1:30 pm
Forum: Personal Investments
Topic: How to realistically FIRE?
Replies: 310
Views: 22831

Re: How to realistically FIRE?

25X gets you 30 years of retirement. Will you and your spouse be dead in 30 years, for sure? If so, you're good to go. 25x gets you 30 yrs in the worst of cases. Much more on average, and even more when markets are good. If all you’ve got is 25x and your discretionary spending isn’t pretty high, I ...
by Wanderingwheelz
Fri Mar 15, 2019 11:34 am
Forum: Personal Investments
Topic: How to realistically FIRE?
Replies: 310
Views: 22831

Re: How to realistically FIRE?

There is no simple answer to your simple question. I think neglecting SS would be a mistake, unless you have not worked the required 40 quarters. You can it discount any way you want, but I do not think it will ever disapeer. There are some of us who don’t factor it into our calculations because it...
by Wanderingwheelz
Fri Mar 15, 2019 7:47 am
Forum: Personal Investments
Topic: How to realistically FIRE?
Replies: 310
Views: 22831

Re: How to realistically FIRE?

You just need to show me a real example of a household that you know with an annual expense of 120K. And, how much of that annual expense is related to the mortgage and the house. You can pick LCOL, HCOL, or whatever area. I am just telling you that from all my observations, it is always about the ...
by Wanderingwheelz
Thu Mar 14, 2019 10:34 pm
Forum: Personal Investments
Topic: How to realistically FIRE?
Replies: 310
Views: 22831

Re: How to realistically FIRE?

I don’t count SS just out of an extreme amount of caution. At 47, I personally feel there’s too many years for congress to make major changes to the social program to work it into the calculations I use that includes the funds that nobody can take away from me. Note that someone running for Preside...
by Wanderingwheelz
Thu Mar 14, 2019 7:13 pm
Forum: Personal Investments
Topic: How to realistically FIRE?
Replies: 310
Views: 22831

Re: How to realistically FIRE?

Simple question. Is 25x expenses/spending really a “safe” way to look at one’s ability or preparedness to retire? I realize it get safer to use such “rules of thumb” as you get older, but even for a 50 year old, is it still “within the margin of safety” to use the 25x figure? Two SSs will be there,...
by Wanderingwheelz
Thu Mar 14, 2019 9:06 am
Forum: Personal Investments
Topic: How to realistically FIRE?
Replies: 310
Views: 22831

How to realistically FIRE?

Simple question. Is 25x expenses/spending really a “safe” way to look at one’s ability or preparedness to retire? I realize it get safer to use such “rules of thumb” as you get older, but even for a 50 year old, is it still “within the margin of safety” to use the 25x figure? Two SSs will be there, ...
by Wanderingwheelz
Wed Mar 13, 2019 6:46 pm
Forum: Personal Investments
Topic: Long Time Lurker - Portfolio Analysis
Replies: 10
Views: 1204

Re: Long Time Lurker - Portfolio Analysis

Will your 30 year house loan be paid in full before age 60? Do you plan to retire in a 1.6+ million house? Do you have any kids that may want to go to college? Do you have a pension? Off the cuff I say no. Your lifestyle is a bit rich with a savings of 2.2M and an income of 450k. Thank you for the ...
by Wanderingwheelz
Wed Mar 13, 2019 11:17 am
Forum: Personal Investments
Topic: I want to leave Vanguard
Replies: 71
Views: 6181

Re: I want to leave Vanguard

I once accidentally made a transaction in the wrong account at Vanguard just like you explained. I called and explained what I did and they had me fix it, but Vanguard still imposed a penalty on me. It wasn’t 90 days as I recall, but it was enough to annoy me.
by Wanderingwheelz
Wed Mar 13, 2019 9:51 am
Forum: Personal Investments
Topic: Risk averse portfolio for an early retiree?
Replies: 45
Views: 4795

Re: Risk averse portfolio for an early retiree?

Annuities are normally frowned upon by confident long-term investors, and for lots of good reasons. You didn’t mention if you have any kids, but if I was in your position, being risk averse, and especially if I didn't have children, I’d be considering an annuity from Vanguard for a portion of my mon...
by Wanderingwheelz
Wed Mar 13, 2019 8:06 am
Forum: Personal Investments
Topic: Asset allocation to Retire 5 years from now with 2,5m
Replies: 10
Views: 2042

Re: Asset allocation to Retire 5 years from now with 2,5m

If you’re sure you’re going to be bored in retirement, why would you retire so young? To my way of thinking, I’d seek out a job that I enjoyed since you’re so young and being bored for 60 years seems like a trap best not walked into. How many places are there to travel too, anyway? $30,000/year for ...
by Wanderingwheelz
Wed Mar 13, 2019 7:28 am
Forum: Personal Investments
Topic: Going for Three
Replies: 11
Views: 1914

Re: Going for Three

I think being 70 years old had a bearing on how to “dive” into the market too. Vanguard has called for very low stock market returns over the next ten years, and a 70 year old could very well be better off just avoiding stocks altogether, rather than having the risk of regret on top of underperformi...
by Wanderingwheelz
Mon Mar 11, 2019 7:52 pm
Forum: Personal Investments
Topic: Why not 50 Stocks- 50 Bonds, wait for crash then go 90-10?
Replies: 54
Views: 4371

Re: Why not 50 Stocks- 50 Bonds, wait for crash then go 90-10?

Why not just stay at 95-100% stocks ? I have for nearly 50 years There’s nothing wrong with that if you’re able to live off the dividend income (I’d even allow for a percentage of dividends to be reinvested for longevity insurance), and you expect to be able to for the rest of your life. It’s risky...
by Wanderingwheelz
Mon Mar 11, 2019 8:55 am
Forum: Personal Investments
Topic: Retirement Advice Needed.
Replies: 5
Views: 939

Re: Retirement Advice Needed.

Thanks for the input! I’ve used the calculators that are available online, but to me they’re tricky, since just the very fact none of us know how long we are going to live can upset the entire model. Regardless, I’ve been using age 100 figuring if my wife or I lived to be older than that, it’s at mo...
by Wanderingwheelz
Mon Mar 11, 2019 8:40 am
Forum: Personal Investments
Topic: Investing large sum, wait or buy?
Replies: 14
Views: 1420

Re: Investing large sum, wait or buy?

There’s nothing wrong with dollar cost averaging into the stock market (or even the bond market), if you know yourself to be the type who’d feel remorseful if prices became substantially cheaper soon after you made a large lump sum purchase. $150k is a lot of money to most 32 year olds, and at that ...
by Wanderingwheelz
Sun Mar 10, 2019 5:20 pm
Forum: Personal Investments
Topic: Retirement Advice Needed.
Replies: 5
Views: 939

Re: Retirement Advice Needed.

I shouldn’t have all that money in money market. My wife was really thinking she’d like to upgrade our home, but we’ve since figured it would be best to stay put and perhaps retire earlier than 60-65. I’m aggresively working on investing that cash now. I’ve been averaging in monthly rather than jump...
by Wanderingwheelz
Sun Mar 10, 2019 4:58 pm
Forum: Personal Investments
Topic: Retirement Advice Needed.
Replies: 5
Views: 939

Retirement Advice Needed.

I’m getting to the age where I’m thinking more and more about retirement. I’m 47 now and have my eye on age 52. Let me know what you think. Getting my house in order now, transitionaing from a lazy saver to a more focused investor. Me: 47m Married $80,000 income self-employed IRA $110k 20% Total Bon...
by Wanderingwheelz
Sun Mar 10, 2019 4:58 pm
Forum: Personal Investments
Topic: Retirement Advice Needed.
Replies: 1
Views: 264

Retirement Advice Needed.

I’m getting to the age where I’m thinking more and more about retirement. I’m 47 now and have my eye on age 52. Let me know what you think. Getting my house in order now, transitionaing from a lazy saver to a more focused investor. Me: 47m Married $80,000 income self-employed IRA $110k 20% Total Bon...
by Wanderingwheelz
Sun Mar 10, 2019 10:27 am
Forum: Personal Investments
Topic: Ready to FIRE @ 55 with Real Estate Portfolio?
Replies: 28
Views: 3612

Re: Ready to FIRE @ 55 with Real Estate Portfolio?

When it comes to FIRE, one huge benefit to using an extremely tax efficient stock fund like Vanguard Total Stock Market is it allows you to only peel off the monthly income you actually need. Receiving income that you do not need to meet your monthly expenses only serves to drive up your tax burden....
by Wanderingwheelz
Fri Mar 08, 2019 10:23 am
Forum: Personal Investments
Topic: Can I retire? Looking for math help here.
Replies: 24
Views: 3169

Re: Can I retire? Looking for math help here.

I agree that it’s a slam dunk. The biggest risk is any kids finding it hard to get their life on track, thus needing your help however small or large. With three just starting out, the odds are not in your favor. I have one kid with one year of undergraduate left (fully funded, as well as any grad s...
by Wanderingwheelz
Thu Mar 07, 2019 2:38 pm
Forum: Personal Investments
Topic: Most NON obvious thing for new investors
Replies: 58
Views: 7848

Re: Most NON obvious thing for new investors

Warren Buffet was dead on when he said something to the effect of “The markets are a means of wealth transfer to the patient from the impatient.” The most important thing to be a successful investor over the long-term is to deal with the incredible boredom of getting rich slowly. It just happens if ...
by Wanderingwheelz
Wed Mar 06, 2019 9:50 am
Forum: Personal Investments
Topic: Lots of cash .. Scared to put it to work now
Replies: 207
Views: 18561

Re: Lots of cash .. Scared to put it to work now

I know there will be backlash telling me not to time the market When you come to BH, you are going to get that advice. I very much respect the views of BHers, but there is also an aspect of "To a hammer, every problem looks like a nail" that must be acknowledged. 10 years of a huge bull market will...