Search found 85 matches

by BernardShakey
Thu Jul 16, 2020 6:51 pm
Forum: Personal Finance (Not Investing)
Topic: Stumbling upon Retirement
Replies: 18
Views: 2504

Re: Stumbling upon Retirement

Ah, much better. That might be a little conservative for your age but probably not overly so, IMO. Everyone has their mix that allows them to sleep well.
by BernardShakey
Thu Jul 16, 2020 6:15 pm
Forum: Personal Finance (Not Investing)
Topic: Stumbling upon Retirement
Replies: 18
Views: 2504

Re: Stumbling upon Retirement

Personally, I would stay away from a mortgage in retirement though today's low rates are enticing. Is your 70/30 AA 70% stocks and 30% bonds ? If so, I would not view that as too conservative for someone planning to retire and just about to hit 60.
by BernardShakey
Wed Jul 15, 2020 9:58 pm
Forum: Personal Finance (Not Investing)
Topic: why get - or not get - umbrella insurance?
Replies: 13
Views: 1092

Re: why get - or not get - umbrella insurance?

OP - for me, having teenage drivers (or drivers under age ~25) in my house is one of the most compelling reasons for umbrella policy coverage. Young, inexperienced, and potentially distracted drivers are a significant risk. I'm in CA and pay about $600 a year for $2M. I don't have income properties,...
by BernardShakey
Mon Jul 13, 2020 9:02 am
Forum: Personal Finance (Not Investing)
Topic: Umbrella Policy: Follow-up question
Replies: 9
Views: 575

Re: Umbrella Policy: FOLLOW UP QUESTION

I'm in California and I pay about $300 annually per 1M.
by BernardShakey
Sun Jul 12, 2020 10:11 pm
Forum: Personal Investments
Topic: Portfolio Review Please
Replies: 11
Views: 1116

Re: Portfolio Review Please

OP - you certainly have options. The Roth via Mega Back Door does give you more flexibility. One risk is that the Roth money (principal) could get spent on things other than college --- I too started with Roth for college but then home improvements and other stuff came calling. The 529 kind of locks...
by BernardShakey
Sun Jul 12, 2020 4:15 pm
Forum: Investing - Theory, News & General
Topic: Reasons for Optimism about bonds?
Replies: 63
Views: 4408

Re: Reasons for Optimism about bonds?

My bond market index fund in my 401k is up 0.9% in June, 2.5% Apr-June, 6.7% YTD, and almost 9.5% over last 12 months. What's not to like ?
by BernardShakey
Sun Jul 12, 2020 3:56 pm
Forum: Personal Investments
Topic: Portfolio Review - Open Taxable vs Pay Down Mortgage
Replies: 13
Views: 932

Re: Portfolio Review - Open Taxable vs Pay Down Mortgage

Does it make sense to open the taxable at Vanguard or worth using another brokerage? I know it might not be the best decision financially, but having a paid for house before I’m 40 is a goal of mine . I’m sure I could split the difference and still come close to my goal. cardinalsfan1022, << but ha...
by BernardShakey
Sun Jul 12, 2020 3:31 pm
Forum: Personal Investments
Topic: Portfolio Review Please
Replies: 11
Views: 1116

Re: Portfolio Review Please

With four kids, some of whom it seems are quite a ways from college age, I would significantly ramp up the 529 contributions. The tax free growth would really pay off for you. You could easily spend a half million putting all four through undergraduate if they live away.
by BernardShakey
Sun Jul 12, 2020 11:30 am
Forum: Investing - Theory, News & General
Topic: Reasons for Optimism about bonds?
Replies: 63
Views: 4408

Re: Reasons for Optimism about bonds?

Hello all, I'm 31 and steadily building an all-equities portfolio from scratch (current portfolio is worth about $20k, all in VT, VTI, and their mutual fund equivalents, I started contributing small amounts in 2019 and picked up steam this year). I hold a small cash reserve (3 months of expenses), ...
by BernardShakey
Sat Jul 11, 2020 11:22 am
Forum: Personal Investments
Topic: Portfolio and career change advice
Replies: 13
Views: 1129

Re: Portfolio and career change advice

Maybe I missed it, but how much are your annual after-tax expenses now ? How much do you expect them to be at 59 when you are planning to fully retire? With your portfolio size it would seem you have a lot of options, but expenses are what really matter.
by BernardShakey
Sun Jul 05, 2020 6:06 pm
Forum: Personal Investments
Topic: Retire or grind it out at another job after a layoff ?
Replies: 49
Views: 5348

Re: Retire or grind it out at another job after a layoff ?

Hi All- I've been a member for about a year now and am so glad to have found this forum! I had been planning to retire in 2023. A couple weeks ago it became clear that my career at Mega Corp is likely to come to an abrupt end this time next year -- 2 years ahead of plan. I've still got kids in coll...
by BernardShakey
Sun Jul 05, 2020 1:43 pm
Forum: Personal Investments
Topic: Retire or grind it out at another job after a layoff ?
Replies: 49
Views: 5348

Re: Retire or grind it out at another job after a layoff ?

Expenses in retirement: After-tax expenses in retirement are estimated at $9500/month ($114,000 annually) Question: 1. Could I realistically just retire in mid-2021 following a layoff with $120k severance ? Thanks! If the $114,000 expenses does not include taxes, with your current tax rates it appe...
by BernardShakey
Sun Jul 05, 2020 1:06 pm
Forum: Personal Investments
Topic: Retire or grind it out at another job after a layoff ?
Replies: 49
Views: 5348

Re: Retire or grind it out at another job after a layoff ?

For the pension, are you planning to take the annuity? I would. Yes, definitely planning on the annuity option. Lump sum just can't generate the same kind of income. Thanks. It would be good to keep an open mind about that and do another post with all the details when you are closer to having to ma...
by BernardShakey
Sun Jul 05, 2020 11:33 am
Forum: Personal Investments
Topic: Retire or grind it out at another job after a layoff ?
Replies: 49
Views: 5348

Re: Retire or grind it out at another job after a layoff ?

Thanks to all for the great feedback. Appreciate Sandtrap & Galawdawg bringing up the subject of retirement expenses and taxes. Let me clarify. I did indeed mean $114.5k after taxes, meaning I would need to withdraw quite a bit more to cover it. My stated tax rates (24% and 9.3%) in my original pos...
by BernardShakey
Sun Jul 05, 2020 11:25 am
Forum: Personal Investments
Topic: Retire or grind it out at another job after a layoff ?
Replies: 49
Views: 5348

Re: Retire or grind it out at another job after a layoff ?

Horton wrote:
Sun Jul 05, 2020 10:32 am
For the pension, are you planning to take the annuity? I would.
Yes, definitely planning on the annuity option. Lump sum just can't generate the same kind of income. Thanks.
by BernardShakey
Sun Jul 05, 2020 11:23 am
Forum: Personal Investments
Topic: Retire or grind it out at another job after a layoff ?
Replies: 49
Views: 5348

Re: Retire or grind it out at another job after a layoff ?

Expenses in retirement: After-tax expenses in retirement are estimated at $9500/month ($114,000 annually) Question: 1. Could I realistically just retire in mid-2021 following a layoff with $120k severance ? Thanks! If the $114,000 expenses does not include taxes, with your current tax rates it appe...
by BernardShakey
Sun Jul 05, 2020 11:11 am
Forum: Personal Investments
Topic: Retire or grind it out at another job after a layoff ?
Replies: 49
Views: 5348

Re: Retire or grind it out at another job after a layoff ?

I think generally you're in good shape and can retire. $114K annual spending in retirement sounds rather high, but probably that includes housing. You've got 18 years left on the mortgage; I'd look at a refinance to a 15-year, at current rates you could probably make around the same payment but be ...
by BernardShakey
Sun Jul 05, 2020 9:30 am
Forum: Personal Investments
Topic: Retire or grind it out at another job after a layoff ?
Replies: 49
Views: 5348

Re: Retire or grind it out at another job after a layoff ?

Thanks to all for the great feedback. Appreciate Sandtrap & Galawdawg bringing up the subject of retirement expenses and taxes. Let me clarify. I did indeed mean $114.5k after taxes, meaning I would need to withdraw quite a bit more to cover it. My stated tax rates (24% and 9.3%) in my original post...
by BernardShakey
Sat Jul 04, 2020 9:51 pm
Forum: Personal Investments
Topic: Retire or grind it out at another job after a layoff ?
Replies: 49
Views: 5348

Retire or grind it out at another job after a layoff ?

Hi All- I've been a member for about a year now and am so glad to have found this forum! I had been planning to retire in 2023. A couple weeks ago it became clear that my career at Mega Corp is likely to come to an abrupt end this time next year -- 2 years ahead of plan. I've still got kids in colle...
by BernardShakey
Sat Jul 04, 2020 2:43 pm
Forum: Personal Investments
Topic: Portfolio Advice Please
Replies: 24
Views: 1322

Re: Portfolio Advice Please

I think the other 3.5% is in his current 401k associated with new job.
by BernardShakey
Thu Jul 02, 2020 9:34 pm
Forum: Investing - Theory, News & General
Topic: Current safe withdrawal rate or slightly aggressive withdrawal rate
Replies: 27
Views: 2339

Re: Current safe withdrawal rate or slightly aggressive withdrawal rate

Does anyone believe that since the Dow and SP500 are roughly flat to down year over year and 2 years the SWR or SAWR could be more than the previous rough consensus 3-3.5% SWR? Just focus on the long-term and figure out your situation based on your planned budget, asset allocation, years in retirem...
by BernardShakey
Wed Jul 01, 2020 5:23 pm
Forum: Investing - Theory, News & General
Topic: 4% rule - confidence poll
Replies: 457
Views: 26665

Re: 4% rule - confidence poll

Can someone clarify if the 4% rule means you withdraw 4% of: balance on the day that you retire i.e. you retire with $1M and withdraw $40K/year regardless of future fluctuation in your base balance balance on the day you want to make an annual withdrawal The former, but adjusting for inflation each...
by BernardShakey
Sat Jun 27, 2020 11:47 pm
Forum: Investing - Theory, News & General
Topic: What famous investing quote reminds you of your investing style?
Replies: 151
Views: 7348

Re: What famous investing quote reminds you of your investing style?

A portfolio is like a bar of wet soap, the more frequently you touch it, the less of it there is - Bill Bernstein
by BernardShakey
Sat Jun 27, 2020 10:21 pm
Forum: Investing - Theory, News & General
Topic: Principal residence as only real estate investment?
Replies: 15
Views: 1813

Re: Principal residence as only real estate investment?

I don't read anything Reed puts out. Worthless.
by BernardShakey
Sat Jun 20, 2020 12:36 am
Forum: Investing - Theory, News & General
Topic: A cautionary tale about pensions and wages
Replies: 76
Views: 10467

Re: A cautionary tale about pensions and wages

Regarding the college bubble: https://johntreed.com/blogs/john-t-reed-s-news-blog/covid-19-has-revealed-that-education-needs-to-be-reconstructed-from-scratch [ quote fixed by admin LadyGeek] Really ? [Rude comment removed by admin LadyGeek] Half the article is him telling me what he has done. Oh pl...
by BernardShakey
Tue Jun 16, 2020 11:20 pm
Forum: Investing - Theory, News & General
Topic: What famous investing quote reminds you of your investing style?
Replies: 151
Views: 7348

Re: What famous investing quote reminds you of your investing style?

I like this one that I sometimes use to remind my kids about the difference between perceived vs real wealth.

"Big hat, no cattle"
by BernardShakey
Mon Jun 15, 2020 11:56 pm
Forum: Investing - Theory, News & General
Topic: What famous investing quote reminds you of your investing style?
Replies: 151
Views: 7348

Re: What famous investing quote reminds you of your investing style?

"Diversification is a protection against ignorance" - Warren Buffett
by BernardShakey
Sun Jun 07, 2020 3:43 pm
Forum: Personal Finance (Not Investing)
Topic: Avoiding keeping-up-with-the-joneses w.r.t. private schools
Replies: 320
Views: 18326

Re: Avoiding keeping-up-with-the-joneses w.r.t. private schools

Move to a neighborhood with good public schools? You can obviously afford that. I don't understand why so many incredibly high-income boglehead parents seem to own houses in places where the public schools are poor. Are they not researching school districts when buying their home? Or is their stand...
by BernardShakey
Sat May 30, 2020 4:00 pm
Forum: Personal Consumer Issues
Topic: New Vehicle: Forester or Rav4 for boglehead couple
Replies: 88
Views: 5752

Re: New Vehicle: Forester or Rav4 for boglehead couple

I have a 2011 RAV4 that I bought used (a year old with about 9,000 miles). It is the most reliable vehicle I have ever owned and I'm now 57. I too considered the Forester at the time. It was a toss up. If making the choice again, I'd look real hard at safety and reliability to help me decide.
by BernardShakey
Sat May 23, 2020 12:31 pm
Forum: Personal Finance (Not Investing)
Topic: College in fall
Replies: 549
Views: 45831

Re: College in fall

It will certainly be interesting to see what comes of college sports. The in-person "college experience" is still going to be a draw for millions of families in this country and as such there will be continued pressure from schools, college towns, and students to do everything possible to re-open an...
by BernardShakey
Sat May 23, 2020 12:07 pm
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 1548
Views: 204719

Re: Just Paid Off My Mortgage

Congratulations! At 57 and still carrying one (albeit a fairly modest one) I can imagine how that feels to eliminate that monthly expense. With paltry investment returns likely in the near future, it probably makes more sense now than in recent years to pay that sucker off! :sharebeer
by BernardShakey
Sat May 23, 2020 11:55 am
Forum: Personal Finance (Not Investing)
Topic: Should I go to grad school?
Replies: 24
Views: 1693

Re: Should I go to grad school?

Hmm, doesn't really sound like your heart is into this grad program. How necessary or beneficial is the degree for employment should you be out of work in say the next 1-5 years ? If the degree is partly technical in nature it might not be that helpful several years down the road as the field change...
by BernardShakey
Sat May 23, 2020 11:40 am
Forum: Personal Finance (Not Investing)
Topic: House budget advice
Replies: 10
Views: 953

Re: House budget advice

Given what you have shared, I think buying a place in this area where you will be working for at least several years makes sense. With interest rates exceptionally low and your solid incomes, there doesn't appear to be much downside. 3500 sf is a lot of house, so I'd probably look for something larg...
by BernardShakey
Sat May 16, 2020 10:20 am
Forum: Personal Finance (Not Investing)
Topic: Companies that have a pension and 401k?
Replies: 63
Views: 3608

Re: Companies that have a pension and 401k?

Don't you have to contribute to a pension? I'm asking as a modern person who has only worked for modern companies that commit absolutely nothing to me other than to educate me what "at will" means. FWIW, a company I worked for used to offer both pension and a 401k plan. There was no direct contribu...
by BernardShakey
Sat May 16, 2020 9:10 am
Forum: Investing - Theory, News & General
Topic: Understanding single stock risk
Replies: 14
Views: 1252

Re: Understanding single stock risk

Yes, and the stock dropped 30% yesterday to 16.5 cents.
by BernardShakey
Wed May 13, 2020 5:14 pm
Forum: Personal Investments
Topic: Asset Allocation review request with 7 questions
Replies: 11
Views: 668

Re: Asset Allocation review request with 7 questions

So he's paying his own way so far, but if he is able to up his game and be accepted to MIT, I'll pay for that and let him take out Staffords. +1 Totally agree. If the kids are showing the motivation (already have skin in the game), funding their college years sets them up nicely going forward. I se...
by BernardShakey
Sun May 10, 2020 10:46 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Medicare viability and planning for potential reduced benefits
Replies: 8
Views: 979

Re: Social Security Medicare viability and planning for potential reduced benefits

I think we're likely to see several changes, going from most to least politically palatable: 1) Increase in FRA to something above 67. 2) Some reduction in COLA. 3) Maybe an increase in the cap so folks making over the current income cap continue to pay in. 4) Maybe some sort of means testing. +1 on...
by BernardShakey
Sun May 10, 2020 11:36 am
Forum: Personal Finance (Not Investing)
Topic: Retirement due to COVID 19 ?
Replies: 82
Views: 6339

Re: Retirement due to COVID 19 ?

What kind of environment would you be working in when you return to work ? Something very safe or somewhat risky in terms of the virus ? Seems since you aren't able to work now, your field might be one that you cannot safely return to until a vaccine is developed ?
by BernardShakey
Sun May 10, 2020 11:31 am
Forum: Personal Investments
Topic: Advice on my current asset allocation portfolio
Replies: 13
Views: 822

Re: Advice on my current asset allocation portfolio

OP - Kudos to you for thinking about investing so early in life. You are way ahead of the game at 19, just don't get too far ahead. At this stage you want to focus heavily on developing your trade, your human capital. Invest in your education, your training, and more education. Studies have shown th...
by BernardShakey
Sun May 10, 2020 8:45 am
Forum: Investing - Theory, News & General
Topic: I am always slightly disappointed with my AA
Replies: 48
Views: 3586

Re: I am always slightly disappointed with my AA

Candor wrote:
Sat May 09, 2020 9:47 am
50/50 for a perpetual state of disappointment yet mild satisfaction.
+1

55/45 is Goldilocks for me :D
by BernardShakey
Mon May 04, 2020 10:52 pm
Forum: Personal Investments
Topic: College savings goals, changing in the new world?
Replies: 6
Views: 787

Re: College savings goals, changing in the new world?

I do think things will change. I envision a broader spectrum of options for students. More on-line opportunities on the one end and the full experience (live on campus at the big flagship state or private school) on the other end of the spectrum ---- with pricing tiers to match. I don't think the $6...
by BernardShakey
Mon May 04, 2020 10:33 pm
Forum: Investing - Theory, News & General
Topic: Who is your all time favorite investor and why?
Replies: 52
Views: 2859

Re: Who is your all time favorite investor and why?

For securities it has to be John Bogle. His pioneering work has made a lot of average folk quite wealthy. For real estate, probably not what you are looking for, but my own father comes to mind. A bricklayer by trade, then an engineer in the mid's-60's, he paid $2 for a book by a guy named Nickerson...
by BernardShakey
Mon May 04, 2020 10:07 pm
Forum: Personal Finance (Not Investing)
Topic: 529: Your favorite low cost one?
Replies: 77
Views: 4779

Re: 529: Your favorite low cost one?

Don't get paralyzed by the data... start investing and you can move the money to a better fit down the line. Great advice....get started and then monitor and look around for better options down the road. California's ScholarShare is great. Low fees, super easy, no customer service problems. I also ...
by BernardShakey
Wed Apr 29, 2020 1:17 pm
Forum: Investing - Theory, News & General
Topic: What explains the continued rise in equities?
Replies: 167
Views: 12979

Re: What explains the continued rise in equities?

A lot of the people on this particular thread claim to know quite a bit.
by BernardShakey
Tue Apr 21, 2020 9:57 pm
Forum: Personal Investments
Topic: Asset Allocation at 56
Replies: 12
Views: 1430

Re: Asset Allocation at 56

OP - I'm close to your age, with little smaller nest egg but a mid-size-ish mega-corp pension. We're in the 55/45 range now (with the downturn), intent on being around 45/55 at retirement in 3-5 years. I think 60/40 is certainly reasonable for you at present.
by BernardShakey
Fri Apr 17, 2020 11:03 am
Forum: Investing - Theory, News & General
Topic: What percentage of your paycheck do you invest?
Replies: 268
Views: 16686

Re: What percentage of your paycheck do you invest?

It's true that "anybody" can save 10-20% of income. But here's a story about what happens next. I was in the coin-op laundromat just doing my thing, and a young woman came in with bags and baskets of laundry - clothes, rugs, curtains, comforters, you name it, if she owned it and it was made of clot...
by BernardShakey
Sat Apr 11, 2020 10:14 pm
Forum: Personal Investments
Topic: Use 529 funds for med schools matriculation ?
Replies: 4
Views: 488

Re: Use 529 funds for med schools matriculation ?

Thanks. Agree it's gray but does seem reasonably defensible. Appreciate your help / viewpoint.
by BernardShakey
Fri Apr 10, 2020 4:12 pm
Forum: Personal Investments
Topic: Use 529 funds for med schools matriculation ?
Replies: 4
Views: 488

Re: Use 529 funds for med schools matriculation ?

Thanks for the code reference and your interpretation. I can see that the entrance exam fees (MCAT, for example) would be necessary for enrollment, and the same for the application fee to the school a student eventually attends. What's your thought on whether multiple application fees (for example t...
by BernardShakey
Sun Apr 05, 2020 11:57 pm
Forum: Personal Investments
Topic: 529 alternatives
Replies: 2
Views: 262

Re: 529 alternatives

You can make lump sum contributions any time you like. Or you can set up recurring contributions (weekly, monthly). Or a combination of regular contributions and occasional lump sums. Tax free if spent on qualified expenses is hard to beat and you can kick in more each year than you can with a Roth ...