Search found 1867 matches

by mlebuf
Tue Apr 16, 2019 9:57 pm
Forum: Personal Consumer Issues
Topic: What is your hobby and how did it come to be your hobby?
Replies: 88
Views: 6338

Re: What is your hobby and how did it come to be your hobby?

Another Amateur Radio operator here. Got interested in 1956 when a story in one of the school readers was about a teenage ham who used his ham station sending Morse code to alert people about a dam that was about to break. The message was relayed and saved a lot of lives. Was first licensed in 1957 ...
by mlebuf
Tue Apr 16, 2019 1:09 am
Forum: Personal Consumer Issues
Topic: seriously thinking about leaving S. CA but where to?
Replies: 177
Views: 9672

Re: seriously thinking about leaving S. CA but where to?

I live within a mile of Scottsdale. Great quality of life and low crime. The only downside is the summer heat. A lot of people establish a residency in Scottsdale and buy/rent a condo in San Diego, Orange County, etc. for the summers to escape the heat and CA taxes. Others get a second place in Flag...
by mlebuf
Sat Mar 30, 2019 11:02 pm
Forum: Personal Finance (Not Investing)
Topic: Thinking about going into sales from engineering
Replies: 39
Views: 2619

Re: Thinking about going into sales from engineering

An engineer with good human skills, who is interested in matching people's needs with what he sells can make far more money than most engineers if he sells the right product/service. One of my former students has a Mechanical Engineering degree and an MBA. At around age 30 he quit his engineering jo...
by mlebuf
Sat Mar 30, 2019 9:28 pm
Forum: Personal Consumer Issues
Topic: "The best and worst U.S. states for retirement"
Replies: 259
Views: 21525

Re: "The best and worst U.S. states for retirement"

A ranking of the best states to retire or whatever likely sells magazines or attracts eyeballs to websites. However there is no one place that's a best place to retire for everyone because we all have different tastes and preferences. Here's a ranking of states from Kiplinger. You will notice that t...
by mlebuf
Thu Mar 28, 2019 8:56 pm
Forum: Personal Consumer Issues
Topic: Tattoos and Bogleheads
Replies: 180
Views: 8444

Re: Tattoos and Bogleheads

I once saw an interview with the late author Truman Capote who interviewed a lot of convicted murderers on death row. When asked if he saw any common threads between them, Capote said that he notice two: 1. Almost all had been abused as children. 2. They had a strange fascination with tattoos. Of co...
by mlebuf
Tue Mar 26, 2019 7:19 pm
Forum: Personal Consumer Issues
Topic: Tattoos and Bogleheads
Replies: 180
Views: 8444

Re: Tattoos and Bogleheads

From "Saturday Night Live:" https://vimeo.com/69310297
by mlebuf
Sun Mar 24, 2019 11:42 pm
Forum: Investing - Theory, News & General
Topic: Any believers in the dollar milkshake theory?
Replies: 44
Views: 6075

Re: Any believers in the dollar milkshake theory?

Taking advice from a hedge fund manager selling gold is much like asking any salesperson if you need what he/she is selling. A good starting point is to get your investment advice and buy your investment products from different sources. Some salespeople will recommend what is in your best interest b...
by mlebuf
Fri Mar 22, 2019 1:32 am
Forum: Investing - Theory, News & General
Topic: The $4,026,858.95 Car or a Worry-Free Retirement?
Replies: 245
Views: 11475

Re: The $4,026,858.95 Car or a Worry-Free Retirement?

Other keys to accumulating equity: 3. Marry and be a frugal spouse if you marry. 8. If it floats, flies or flirts, lease it. :D How do you reconcile #3 and #8? I would think "marry" + "flirt" would be a wealth destroyer. :P In #3 I wrote, "if you marry." #8 was intended for single people and as a j...
by mlebuf
Thu Mar 21, 2019 11:17 pm
Forum: Investing - Theory, News & General
Topic: The $4,026,858.95 Car or a Worry-Free Retirement?
Replies: 245
Views: 11475

Re: The $4,026,858.95 Car or a Worry-Free Retirement?

It's hardly a secret that young Americans spend a lot of their earnings on cars, rent and credit. What's important is to not overspend on those items. A young person who saves at least 15 percent of their after tax income starting with the first paycheck and adheres to that habit over time will like...
by mlebuf
Sun Mar 10, 2019 6:56 pm
Forum: Personal Finance (Not Investing)
Topic: What are your personal experiences with downside of early retirement?
Replies: 69
Views: 10096

Re: What are your personal experiences with downside of early retirement?

I retired from my first career in academia in May 1989, and cut way back on my second career writing and speaking in June 1995. If there is a downside to retiring early, I have yet to find it. There is a downside to aging. Most of us tend to accumulate prescriptions and physicians with the passage o...
by mlebuf
Thu Mar 07, 2019 2:30 pm
Forum: Personal Consumer Issues
Topic: Repair or Sell 2002 Avalon
Replies: 32
Views: 2329

Re: Repair or Sell 2002 Avalon

If you like the car, keep it. Otherwise buy a new/used car. I have an '02 Cadillac De Ville that has 103K miles on it. I bought new and get it repaired because I like the car. If I wanted another car today, the first car I would look at is a new Avalon. They did an update on the 2019 model and got a...
by mlebuf
Tue Mar 05, 2019 4:00 am
Forum: Personal Consumer Issues
Topic: Why do you live where you live?
Replies: 134
Views: 8499

Re: Why do you live where you live?

1. No snow and ice. 2. 310 days of sunshine a year. 3. Only 8 inches of rain per year. 4. Low humidity. 5. Low crime rate in this part of the Valley. 6. Good restaurants. 7. Nice people. 8. Good roads. 9. Stable government. 10. Moderate cost of living. 11. Major airport. 12. All the benefits of a bi...
by mlebuf
Wed Feb 20, 2019 12:49 pm
Forum: US Chapters
Topic: Arizona Chapter
Replies: 83
Views: 9905

Re: Arizona Chapter

Mark,

Thank you for arranging another meeting. Will be there.
by mlebuf
Tue Feb 19, 2019 2:47 pm
Forum: Personal Finance (Not Investing)
Topic: Do I need a degree?
Replies: 73
Views: 4336

Re: Do I need a degree?

With a 20-year track record in your field competing with college grads, you have done quite well. Spending all that time and effort at age 41 to get a 4-year degree seems like a very high price to pay in time and money for insurance. I say that as someone with a Ph.D. who went to grad school in my m...
by mlebuf
Mon Feb 18, 2019 11:55 pm
Forum: Personal Consumer Issues
Topic: First thing(s) you'd do when you achieve financial independence?
Replies: 73
Views: 5933

Re: First thing(s) you'd do when you achieve financial independence?

When I first realized that I was financially indpendent, I thought to myself, "If you ever go broke you will have taken stupidity to a new level." That was 27 years ago. So far, so good. Becoming FI and maintaining FI are not the same thing. Many a millionaire has gone broke.
by mlebuf
Fri Feb 15, 2019 2:10 pm
Forum: Personal Consumer Issues
Topic: What are your best retirement years?
Replies: 50
Views: 4465

Re: What are your best retirement years?

My best years began when I took an early retirement from Academia at age 47 in May 1989. Every year since has been a good year. I have a few health issues that I did not have then but nothing that prevents me from enjoying life. If you have your health you are wealthy. To be continued...
by mlebuf
Wed Feb 13, 2019 7:05 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: 3 Factor Investing Myths
Replies: 42
Views: 3933

Re: Larry Swedroe: 3 Factor Investing Myths

Scott Burns just published an article comparing the returns of a 3 fund portfolio with a simple 2 fund US index portfolio over the last 30 years. The 3 fund portfolio got smoked.

https://couchpotatoinvesting.com/the-lo ... portfolio/
by mlebuf
Tue Jan 29, 2019 1:56 am
Forum: Personal Finance (Not Investing)
Topic: Career Decision - Asking for help.
Replies: 30
Views: 2837

Re: Career Decision - Asking for help.

Hi Pysia, Given your description of the circumstances, I'd say it's time to go job shopping. Recently there was an article in "The Wall Street Journal" about how MBA's can double their salaries by changing career fields. https://www.wsj.com/articles/looking-to-double-your-salary-try-an-m-b-a-1544187...
by mlebuf
Fri Jan 25, 2019 11:13 pm
Forum: US Chapters
Topic: Happy Birthday, Taylor!
Replies: 76
Views: 3700

Re: Happy Birthday, Taylor!

Happy birthday, Taylor! Your knowledge, kindness, integrity and leadership skills molded this forum into the success that it is. To paraphrase our late friend, Jack Bogle, I want to be like you when I grow up. Your enormous contributions have made an enormous, positive difference to the many people ...
by mlebuf
Fri Jan 25, 2019 2:11 am
Forum: Personal Consumer Issues
Topic: Victim of my own success! How to deal with a complex life?
Replies: 103
Views: 9034

Re: Victim of my own success! How to deal with a complex life?

Hi knightrider, From the situation you describe, you seem to have a time management problem. I know something about the subject. The first book I wrote was titled, WORKING SMART: "How to Accomplish More in Half the Time." The publishers, Mc-Graw-Hill and Warner printed over 400,000 copies. Nightinga...
by mlebuf
Thu Jan 17, 2019 4:14 am
Forum: Investing - Theory, News & General
Topic: John Bogle has died at age 89
Replies: 856
Views: 50309

Re: John Bogle has died at age 89

The enormous numbers of tributes on this thread say all we need to know about how much Jack Bogle's life and work meant to us all. While we miss him terribly, let's all be grateful that he came our way. The lives of millions are better and future generations yet to be born will benefit from the miss...
by mlebuf
Wed Jan 16, 2019 2:50 am
Forum: Investing - Theory, News & General
Topic: When would you stop being a Boglehead?
Replies: 95
Views: 7598

Re: When would you stop being a Boglehead?

When I assume room temperature.
by mlebuf
Fri Jan 11, 2019 7:30 pm
Forum: Personal Investments
Topic: Clueless About Personal Finance At Age 30: Grew Up Poor, Now Make $400K+. Have No Clue What To Do With Money.
Replies: 29
Views: 5707

Re: Clueless About Personal Finance At Age 30: Grew Up Poor, Now Make $400K+. Have No Clue What To Do With Money.

Welcome! You have come to the right place and are reading good sources. Develop the habit of saving a healthy percentage of your income, invest it in low cost mutual funds, leave it alone, let the power of compounding work its magic and you will become wealthy. Begin by maximizing the amount you can...
by mlebuf
Wed Jan 09, 2019 7:59 pm
Forum: Personal Finance (Not Investing)
Topic: Genworth premium increase
Replies: 23
Views: 2029

Re: Genworth premium increase

We have a similar policy with Genworth. In 2017 we faced several options much like you described. Our original policy was lifetime. However if we reduced the length of the policy to 5 years, there would not be a rate increase. We opted to reduce the length to 5 years. I look at LTC insurance in much...
by mlebuf
Wed Jan 02, 2019 10:32 pm
Forum: Personal Investments
Topic: Delaying retirement just to help adult children
Replies: 66
Views: 6258

Re: Delaying retirement just to help adult children

As I was raising my children, I told them that a primary goal of mine was that they would grow up to be self-sufficient adults. I’m pleased to say that all three of them achieved that goal soon after college. If I had a child that was mentally or physically handicapped, I would continue to provide ...
by mlebuf
Wed Jan 02, 2019 8:24 pm
Forum: Personal Finance (Not Investing)
Topic: How to find a quality Estate Planning Attorney?
Replies: 31
Views: 3412

Re: How to find a quality Estate Planning Attorney?

I asked a Boglehead friend who was in law school at the time if he had a recommendation for an estate-planning attorney. We live in Arizona. He recommended an excellent estate-planning attorney who teaches part-time at AZ State and donates his salary to the university. I was very impressed with his ...
by mlebuf
Sun Dec 23, 2018 8:42 pm
Forum: US Chapters
Topic: My Christmas Present To You
Replies: 108
Views: 11427

Re: My Christmas Present To You

Hi Taylor,

Merry Christmas from Elke and me. Great to know that you're still cruising. This one should be special.
by mlebuf
Sat Dec 15, 2018 8:24 pm
Forum: Personal Finance (Not Investing)
Topic: Is this a good time to start paying extra on the mortgage?
Replies: 32
Views: 2173

Re: Is this a good time to start paying extra on the mortgage?

P.S. - Thank you, Taylor for that great post. It is one of your best.
by mlebuf
Sat Dec 15, 2018 8:19 pm
Forum: Personal Finance (Not Investing)
Topic: Is this a good time to start paying extra on the mortgage?
Replies: 32
Views: 2173

Re: Is this a good time to start paying extra on the mortgage?

Hi fortfun, I suspect that a 3 percent home mortgage rate is the lowest rate you will see for the rest of your life. The bank would love for you to pay that off. Even without a home interest deduction, 3 percent is like free money when inflation is taken into account. I would be in no hurry to pay i...
by mlebuf
Wed Dec 12, 2018 3:53 pm
Forum: Investing - Theory, News & General
Topic: What Happened to you during the Financial crisis of 2007–2008
Replies: 249
Views: 20922

Re: What Happened to you during the Financial crisis of 2007–2008

In 2007 I turned 65 and had been immersed in the Boglehead approach to investing for 10 years. I was prepared for the dot com bubble of 2000, never owned tech stock funds and rode it out. When the 2007-'08 crash came, I was 55/45 stocks/bonds. Still took a big hit but stayed the course and dialed al...
by mlebuf
Sun Dec 09, 2018 7:40 pm
Forum: Personal Consumer Issues
Topic: Teachers, Professors, and others with lots of vacation days: what do you do in the summer?
Replies: 49
Views: 4402

Re: Teachers, Professors, and others with lots of vacation days: what do you do in the summer?

Former university prof here who began teaching at 27 and retired early from academia at age 47. In the early years, I taught summer school for extra income. I used half of the summer school income to buy things I wanted and saved/invested the other half. When I was 35, I taught summer school and use...
by mlebuf
Tue Dec 04, 2018 2:51 am
Forum: Personal Consumer Issues
Topic: Retired in your late 40s or early 50s?
Replies: 87
Views: 14630

Re: Retired in your late 40s or early 50s?

I had two overlapping careers: One as a university professor from 1969'-'89 and another as a writer of business trade books that evolved into speaking, consulting, audio and video programs. I began the teaching career at age 27 in 1969, and started moonlighting as a writer at 35 in 1977. The short-t...
by mlebuf
Thu Nov 29, 2018 11:03 pm
Forum: Personal Consumer Issues
Topic: How do Bogleheads justify taking vacation?
Replies: 102
Views: 4764

Re: How do Bogleheads justify taking vacation?

What to do with vacation time and what you do with your money is a matter of personal choice. I personally don't care much for travel either. I had more than enough during my career years but that's how I feel. Others have the option to feel differently and do what they want. Working and saving all ...
by mlebuf
Sun Nov 25, 2018 7:15 pm
Forum: Personal Finance (Not Investing)
Topic: Borrowers Are Tapping Their Homes for Cash, Even as Rates Rise
Replies: 14
Views: 2579

Borrowers Are Tapping Their Homes for Cash, Even as Rates Rise

That's headline's a story in today's online issue of "The Wall Street Journal." Here's how the article begins: Rising mortgage rates are crushing much of the refinancing market. But Americans are still using refis to pull cash out of their homes. More than 80% of borrowers who refinanced in the thir...
by mlebuf
Thu Nov 22, 2018 2:33 am
Forum: Personal Finance (Not Investing)
Topic: Is my husband ready to quit tenured professorship to pursue side hustle?
Replies: 97
Views: 10610

Re: Is my husband ready to quit tenured professorship to pursue side hustle?

Hi Francine, Former academic here although my story is somewhat different. Got my Ph.D. and was an assistant professor at age 27. Walked a way from a tenured, full professorship at age 47. The system in which I worked offered a modest retirement pension and inexpensive health care for life to those ...
by mlebuf
Tue Nov 20, 2018 12:48 am
Forum: Personal Finance (Not Investing)
Topic: [Financial] Habits of the Rich
Replies: 238
Views: 34940

Re: [Financial] Habits of the Rich

Well, guess what, Bogleheads? I don't have any friends either. :D Many good ideas on how to build wealth on this thread. As someone who has had a great life and will turn 77 in a few months, I offer this opinion: Anybody who squanders money in their youth because they believe that it's the best thei...
by mlebuf
Wed Nov 14, 2018 5:57 pm
Forum: Investing - Theory, News & General
Topic: Does Early Retirement Make You Live Longer?
Replies: 70
Views: 4806

Re: Does Early Retirement Make You Live Longer?

In one of his articles, Scott Burns reports that men whose earnings are in the top decile, live on average 10 years longer than those whose earnings are in the bottom decile. http://assetbuilder.com/scott_burns/life_and_death_its_complicated I suspect that when we retire has little to do with longev...
by mlebuf
Mon Nov 12, 2018 8:17 pm
Forum: Personal Consumer Issues
Topic: How to get rid of palmettos [Palmetto bugs]
Replies: 15
Views: 2293

Re: How to get rid of palmettos

We had loads of them when I lived in/near New Orleans. The joke was that they were the state bird. The best way I found to keep them at bay was to put several aerosol insecticide bombs in the attic once a year. Moving to AZ was the best remedy. We have subterranean termites and a few other bugs but ...
by mlebuf
Sun Nov 04, 2018 7:33 pm
Forum: Personal Finance (Not Investing)
Topic: Calculating ROI for PhD
Replies: 86
Views: 4983

Re: Calculating ROI for PhD

No, a PhD does not make you smart and it is not true that only smart people get PhDs. If you want to keep your brain sharp, you should keep learning for life. That is the only way. PhD has nothing to do with being smart or sharp. +1 Not all well educated people are smart and not all smart people ar...
by mlebuf
Sun Nov 04, 2018 2:19 am
Forum: Investing - Theory, News & General
Topic: [WSJ: The New Retirement Plan: Save Almost Everything, Spend Virtually Nothing]
Replies: 74
Views: 8834

Re: [WSJ: The New Retirement Plan: Save Almost Everything, Spend Virtually Nothing]

When I was in my 20's, I believed that having complete control over one's time is the greatest luxury that money can buy. Fifty plus years later, I still believe it's true. I don't believe one should lead a life of great deprivation with the sole goal of retiring early. However the simple fact is th...
by mlebuf
Thu Oct 25, 2018 10:21 pm
Forum: Personal Investments
Topic: Financial Advice is a Ripoff, Here is What You Should Pay
Replies: 4
Views: 1311

Financial Advice is a Ripoff, Here is What You Should Pay

That's the title of an online article that lays out the bare facts of the long-term financial impact of fees and costs charged by various investment advisors. I suspect that most Bogleheads will love it. :moneybag https://millennialmoola.com/2016/06/21/financial-advice-ripoff/ Returns come and go bu...
by mlebuf
Tue Oct 16, 2018 2:54 pm
Forum: Personal Finance (Not Investing)
Topic: Relocation to California
Replies: 49
Views: 4385

Re: Relocation to California

Have you every been married to or dated someone who is physically very attractive, but very high maintenance and difficult to live with? Well, that's what California is like. It looks great, but will cost you a fortune and you will catch hell every day. Just one man's opinion.
by mlebuf
Sun Oct 14, 2018 7:37 pm
Forum: Personal Consumer Issues
Topic: Recommendation for an ergonomic chair (staples)
Replies: 17
Views: 996

Re: Recommendation for an ergonomic chair (staples)

Hi am, Another +1 for the Aeron Chair. I bought my first one in the late '90's. It cured the lower back pain I had suffered with for over a decade. Two things you need to be cautious about: 1. They do wear out over long periods of time. After about 18 years, the lower back pain returned last year. I...
by mlebuf
Fri Oct 12, 2018 7:59 pm
Forum: Personal Consumer Issues
Topic: Anyone here major in Economics in college?
Replies: 92
Views: 7216

Re: Anyone here major in Economics in college?

One other option she may want to consider: Become an Accounting or Finance professor. There is an enormous shortage of Ph.D, CPA's and the starting salaries are excellent. I had some faculty colleague friends who started out as CPA's, hating working in accounting, went back, got a Ph.D and were very...
by mlebuf
Fri Oct 12, 2018 1:48 am
Forum: Personal Consumer Issues
Topic: Anyone here major in Economics in college?
Replies: 92
Views: 7216

Re: Anyone here major in Economics in college?

Hi Calico, As a former business school professor and what little I know about your daughter, I believe her career would be better served by majoring in Accounting or possibly Finance than Economics. Economics is a fascinating field and I took 21 hours of it. However, accounting is the language of bu...
by mlebuf
Mon Sep 24, 2018 1:07 am
Forum: Personal Finance (Not Investing)
Topic: Considering Quitting Job - Seeking Advice. Would you do it?
Replies: 157
Views: 13645

Re: Considering Quitting Job - Seeking Advice. Would you do it?

Hi RW73 You have gotten some great guidance on this thread and I congratulate you on your decision to leave your job. At age 47 you have accumulated an enormous amount of wealth for your family. What's really, really important at this stage is improving your health and being there for your children ...
by mlebuf
Sun Sep 23, 2018 9:02 pm
Forum: Personal Finance (Not Investing)
Topic: Long Term Care
Replies: 92
Views: 4916

Re: Long Term Care

Hi Ready 53,

This is a no-brainer. At your level of wealth you do not need LTC insurance. Manage your money prudently with a balanced portfolio and you and your spouse will be well equipped to pay any costs of long term care. Here's wishing you both a great retirement.
by mlebuf
Sun Sep 23, 2018 7:41 pm
Forum: Personal Finance (Not Investing)
Topic: Reverse Mortgages - Pros, Cons
Replies: 55
Views: 4138

Re: Reverse Mortgages - Pros, Cons

Is there any cost to draw out money? Isn't some insurance required? What is the interest rate? You've only listed one fee that is low if you don't use it. When money is drawn out, the home owner is charged interest that will be paid when the home is sold in addition to the amount borrowed. Like any...
by mlebuf
Sat Sep 22, 2018 10:28 pm
Forum: Personal Finance (Not Investing)
Topic: Reverse Mortgages - Pros, Cons
Replies: 55
Views: 4138

Re: Reverse Mortgages - Pros, Cons

This link should answer most questions about fees involved in a reverse mortgage:https://www.reversemortgage.org/Your-Roadmap/4-Application-Fees-Disclosures In the two years I have had the unused line of credit, my out of pocket costs have been zero. One excellent strategy for someone with a lot of ...