Search found 1840 matches

by mlebuf
Sat Dec 15, 2018 8:24 pm
Forum: Personal Consumer Issues
Topic: Is this a good time to start paying extra on the mortgage?
Replies: 29
Views: 1308

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 Consumer Issues
Topic: Is this a good time to start paying extra on the mortgage?
Replies: 29
Views: 1308

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: 215
Views: 15880

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: 4186

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: 13957

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: 4412

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: 2527

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: 10391

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: 222
Views: 29281

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: 4485

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: 2245

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: 4854

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: 8598

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: Investing - Help with Personal Investments
Topic: Financial Advice is a Ripoff, Here is What You Should Pay
Replies: 4
Views: 1260

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: 4291

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: 931

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: 68
Views: 4035

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: 68
Views: 4035

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: 13447

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: 4868

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: 4044

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: 4044

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 ...
by mlebuf
Sat Sep 22, 2018 12:14 pm
Forum: Personal Finance (Not Investing)
Topic: Reverse Mortgages - Pros, Cons
Replies: 55
Views: 4044

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 1:57 am
Forum: Personal Finance (Not Investing)
Topic: Reverse Mortgages - Pros, Cons
Replies: 55
Views: 4044

Re: Reverse Mortgages - Pros, Cons

Research? You call this research? Never heard of this guy so I read thru the link. Guess what, gee, in order to learn the secrets of reverse mortgages, you hafta Buy His Book! What a load of baloney. :P :P :P "Better to remain silent and be thought a fool than to speak and to remove all doubt." - M...
by mlebuf
Fri Sep 21, 2018 7:47 pm
Forum: Personal Finance (Not Investing)
Topic: Reverse Mortgages - Pros, Cons
Replies: 55
Views: 4044

Re: Reverse Mortgages - Pros, Cons

We opted for a reverse mortgage (aka HECM) in August 2016. The total upfront cost was $125. The initial line of credit was $369,670. Today the LOC has appreciated to $410,496. Since that time the rules have changed and the intial LOC would be less. Under today's rules my initial LOC would be $291,10...
by mlebuf
Thu Sep 20, 2018 9:40 pm
Forum: Personal Finance (Not Investing)
Topic: Kid's school brought in Wells Fargo to teach them financial literacy today.
Replies: 26
Views: 2067

Re: Kid's school brought in Wells Fargo to teach them financial literacy today.

The old Blood, Sweat & Tears song, "Symphony for the Devil" comes to mind. For those too young to remember, you can read the lyrics and/or listen to it here: https://genius.com/Blood-sweat-and-tears-symphony-for-the-devil-sympathy-for-the-devil-lyrics Over 20 years ago when I was fortunate enough to...
by mlebuf
Thu Sep 20, 2018 12:24 am
Forum: Investing - Help with Personal Investments
Topic: The Biggest Lesson Investors Should Learn from the 2008 Financial Crisis
Replies: 1
Views: 964

The Biggest Lesson Investors Should Learn from the 2008 Financial Crisis

That is the title of a most interesting article on Marketwatch.com: https://www.marketwatch.com/story/this-is-the-biggest-lesson-investors-should-learn-from-the-2008-financial-crisis-2018-09-18 Most of it will not be news to seasoned Bogleheads. However, I also found a Boglehead questioning thread f...
by mlebuf
Wed Sep 12, 2018 12:03 am
Forum: Investing - Theory, News & General
Topic: A Boglehead explains the simplest way to manage your money
Replies: 18
Views: 5354

Re: A Boglehead explains the simplest way to manage your money

Hi Taylor, Congratulations on the great write-up in MarketWatch! As many of us, including myself learned the hard way, many/most of the complexities of investing are created to protect the livelihoods of so-called, "investment experts." Thanks to Jack Bogle, the Bogleheads and many others who helped...
by mlebuf
Sun Sep 02, 2018 3:10 pm
Forum: Personal Finance (Not Investing)
Topic: How to Retire in Your 30's with $1 Million in the Bank
Replies: 148
Views: 18943

How to Retire in Your 30's with $1 Million in the Bank

That is the title of a Sept. 1, "NY Times" article. While some may believe that $1 million is a low number, the article is more about how young people become disenchanted with the rat race of work, live below their means, save, invest and leave the work force decades before most of us do. Many Bogle...
by mlebuf
Mon Aug 27, 2018 8:16 pm
Forum: Personal Consumer Issues
Topic: Shingrix [Vaccine availability]
Replies: 47
Views: 4348

Re: Shingrix [Vaccine availability]

I went to the local CVS in Scottsdale last week to get flu and pneumonia shots. Pharmacist said that Shingrix vaccine is not available and to check back early next year.
by mlebuf
Fri Aug 03, 2018 1:57 am
Forum: Personal Finance (Not Investing)
Topic: Is there a Boglehead way of running a business?
Replies: 19
Views: 2217

Re: Is there a Boglehead way of running a business?

I ran a one-person business, writing books, speaking and consulting. My formula was very simple: High hopes and low overhead. When other speaker/consultants asked me about my staff, I replied, "Where I work, staff is an infection." Everything I needed done that I could not do was outsourced as neede...
by mlebuf
Sat Jul 28, 2018 10:28 pm
Forum: Personal Consumer Issues
Topic: Regret Public School?
Replies: 75
Views: 6153

Re: Regret Public School?

I went to one of the BEST public schools in America, and here are my observations... The real issue is HOW MUCH TIME can the parents spend with their kids reinforcing what was learned in school. How motivated and disciplined are the kids... Show me a kid that will study and NOT watch TV and play on...
by mlebuf
Tue Jul 24, 2018 1:41 am
Forum: Personal Consumer Issues
Topic: Dealing with HOA Notice
Replies: 118
Views: 10151

Re: Dealing with HOA Notice

If you have visual proof that those alleged violations were there when you purchased the house 5 years ago, they will have a very tough time getting an enforcement in court. As for the AC wire, it's likely that homes in your community put up holiday lights with exposed wires too. If they come down o...
by mlebuf
Mon Jul 23, 2018 11:57 pm
Forum: Personal Finance (Not Investing)
Topic: Salary vs. Lifestyle
Replies: 142
Views: 17908

Re: Salary vs. Lifestyle

At every opportunity, I have chosen lifestyle. Once I made enough to pay my expenses and save, I chose shorter commute, predictable and reasonable hours, more vacation, and better benefits over more pay. That sums up the way I chose to live my life. My initial choice was to be an academic because I...
by mlebuf
Wed Jul 18, 2018 1:40 am
Forum: Personal Consumer Issues
Topic: Flaunt Your High-Mileage Car
Replies: 433
Views: 57811

Re: Flaunt Your High-Mileage Car

2002 Cadillac DeVille DTS purchased new on Sept. 6, 2002. Odometer turned 100,000 miles last week. There is more to the story: This past March, I was sitting in traffic waiting for a stoplight to change. A car two cars behind mine slammed the car in back of me. The car in back of mine hit my car whi...
by mlebuf
Fri Jul 13, 2018 9:07 pm
Forum: Investing - Help with Personal Investments
Topic: Dave Ramsey made me laugh today
Replies: 63
Views: 7209

Re: Dave Ramsey made me laugh today

Back in 2002, Taylor made the following post on the Vanguard Diehards Forum. I keep it on my desktop as a reminder that as one approaches retirement age, it is very important to have a balanced portfolio that includes a hefty percentage of bonds. Vanguard Diehards Conversations # 21469 Bear Market D...
by mlebuf
Thu Jul 12, 2018 7:49 pm
Forum: Investing - Theory, News & General
Topic: COMING SOON: BOGLEHEADS PODCASTS
Replies: 366
Views: 20095

Re: COMING SOON: BOGLEHEADS PODCASTS

Let’s shoot for brevity. Titles such as “The Bogleheads Podcast for Better Investment Returns” are too long. Three words or less would be ideal. "The Boglehead Edge," or "The Boglehead's Edge." A great title, product name, etc. is usually a simple promise of the benefits stated in as few words as p...
by mlebuf
Thu Jul 12, 2018 4:30 pm
Forum: Investing - Theory, News & General
Topic: COMING SOON: BOGLEHEADS PODCASTS
Replies: 366
Views: 20095

Re: COMING SOON: BOGLEHEADS PODCASTS

"Boglehead Bytes," "Bogleheads Speak" or simply "Bogleheads on Investing." I believe it's important to keep Bogleheads in the title.
by mlebuf
Sat Jun 23, 2018 1:22 am
Forum: Local Chapters and Bogleheads Community
Topic: Happy Birthday Mel Lindauer
Replies: 22
Views: 1648

Re: Happy Birthday Mel Lindauer

Happy birthday Mel! Hope you had a great one.
by mlebuf
Fri Jun 22, 2018 6:04 pm
Forum: Personal Consumer Issues
Topic: Did you celebrate when you finally hit $1m?
Replies: 209
Views: 22452

Re: Did you celebrate when you finally hit $1m?

My net worth crossed the $1 million mark at the end of 1991. I had a 50th birthday coming up at the end of February. A few weeks before my birthday I signed a book contract that came with a very surprising multi-six-figure advance. I had paid off my house and had no debt. I thought to myself, "OMG! ...
by mlebuf
Thu Jun 21, 2018 3:05 am
Forum: Investing - Help with Personal Investments
Topic: Bar Mitzvah Money Investing Ideas
Replies: 21
Views: 2078

Re: Bar Mitzvah Money Investing Ideas

Hi Sruliz, You are doing a wonderful thing by teaching your son the basics of investing at such an early age. At his very young age he has so much time to compound that $15,000 into an enormous sum of money. The first thing I would do is introduce him to an online compound interest calculator such a...
by mlebuf
Fri Jun 15, 2018 2:55 pm
Forum: Personal Consumer Issues
Topic: Apple MacBook Air On Sale $699
Replies: 48
Views: 5690

Re: Apple MacBook Air On Sale $699

We have 4 Macs. One of them is a 2011 Macbook Air that works fine and never given me a bit of trouble. In January of this year I bought a new Macmini. Big mistake. Takes 3 minutes to boot and forever for apps to load. Apple is giving me full credit toward exchanging it for an iMac. Apple's telephone...
by mlebuf
Mon Jun 04, 2018 1:12 am
Forum: Personal Finance (Not Investing)
Topic: Can a Retired 60 yo MD, MBA Start a Law Career?
Replies: 276
Views: 15466

Re: Can Retired 60 yo MD, MBA Start a Law Career?

"I was a PhD student for a while and academia sucks, I don't care if it's law or something else. Lots of politics, people fighting over little things, cliques, etc. The worst." I admit I haven't considered these sorts of factors, except to assume that they are more or less the same in every setting...
by mlebuf
Sun Jun 03, 2018 7:03 pm
Forum: Personal Finance (Not Investing)
Topic: Leave Job (Philly) and move To Arizon (Phoenix)?
Replies: 67
Views: 5585

Re: Leave Job (Philly) and move To Arizon (Phoenix)?

I moved from the heat and humidity of New Orleans to the dry heat of Phoenix over 22 years ago. If I had it to do all over, I'd do it again in a heartbeat. Here's the difference: With heat and humidity, you drip from perspiration all summer. Heat/humidity is an energy drainer. Dry heat combined with...
by mlebuf
Fri Jun 01, 2018 5:47 pm
Forum: Personal Finance (Not Investing)
Topic: Best Advice You Never Took
Replies: 100
Views: 14577

Re: Best Advice You Never Took

Over 30 years ago, I knew nothing about investing. I started making money and called a knowledgable guy I knew to ask for his advice on how to invest. He said, "It's real simple. Just buy Berkshire Hathaway." That seemed like putting too many eggs in one basket so I ignored his advice. :oops: This h...
by mlebuf
Mon May 28, 2018 3:15 am
Forum: Local Chapters and Bogleheads Community
Topic: MEMORIAL DAY 2018
Replies: 28
Views: 3057

Re: MEMORIAL DAY 2018

Hi Taylor and all,

Here is a fitting tribute to those who gave their lives, and those who would have, so that we may live in peace and freedom:
https://www.youtube.com/embed/eEs4ke7cdNQ
by mlebuf
Thu May 24, 2018 4:28 am
Forum: Local Chapters and Bogleheads Community
Topic: Arizona Chapter
Replies: 59
Views: 6802

Re: Arizona Chapter

Our chapter is off to a great start. I was very favorably impressed by everyone who attended. Thank you, Mark for getting the ball rolling on something I believe will be very special. If any of you who attended last week's meeting want to meet for coffee or lunch (dutch treat) in the Scottsdale area...
by mlebuf
Sun May 20, 2018 3:14 am
Forum: Investing - Theory, News & General
Topic: Bogle featured in Barrons cover story
Replies: 38
Views: 4179

Re: Bogle featured in Barrons cover story

I take exception with this paragraph in the article: Thus began Bogle 2.0: Author, speaker, and champion of the individual investor. At Vanguard, he maintained an office with an analyst and an assistant. He often invited employees to eat with him at the cafeteria. Yet it was quite a comedown for som...