Search found 1882 matches

by mlebuf
Sat Jun 08, 2019 9:43 pm
Forum: Personal Finance (Not Investing)
Topic: Do you carry Umbrella Insurance?
Replies: 142
Views: 10270

Re: Do you carry Umbrella Insurance?

We carry an umbrella policy with coverage that's slightly more than our net worth. Liability insurance is relatively cheap because the odds of any one person ever needing it are very small. Why do we carry it? To quote the late and very wise Peter Bernstein: "Risk is about the consquences of being w...
by mlebuf
Thu Jun 06, 2019 11:51 am
Forum: Investing - Theory, News & General
Topic: Thank you, Taylor Larimore!
Replies: 49
Views: 6447

Re: Thank you, Taylor Larimore!

Hi Taylor, With today being the 75th anniversary of D-Day, my thoughts immediately turned to you. Bogleheads and others are indebted and eternally grateful for the sacrifices that you and other members of the greatest generation made. Over the years I had neighbors, friends, relatives, teachers and ...
by mlebuf
Wed Jun 05, 2019 8:49 pm
Forum: Personal Finance (Not Investing)
Topic: Would you buy a house without a garage?
Replies: 95
Views: 6489

Re: Would you buy a house without a garage?

If you are one who likes to buy a car and keep it a long time, a garage or some type of indoor parking will help keep your car in good physical shape.
by mlebuf
Wed Jun 05, 2019 1:06 am
Forum: Investing - Theory, News & General
Topic: You May Never See Your Grandchildren Again
Replies: 83
Views: 14916

Re: You May Never See Your Grandchildren Again

Rick, What the "free dinner" guy said may not be illegal, but you have the right to express your opinion as you did in your excellent article. I'm sure there are many other dinner salesmen trolling The Villages selling high commission products. How about putting on a "Let the Buyer Beware" presentat...
by mlebuf
Mon Jun 03, 2019 3:52 pm
Forum: Investing - Theory, News & General
Topic: You May Never See Your Grandchildren Again
Replies: 83
Views: 14916

Re: You May Never See Your Grandchildren Again

What a con artist! Somebody needs to wear a wire to a dinner, record his lies and take it to the appropriate authorities.

Great work, Rick. A lot of seniors will read your column and be saved from the charlatans.
by mlebuf
Thu May 30, 2019 8:29 pm
Forum: Investing - Theory, News & General
Topic: Jim Cramer
Replies: 59
Views: 5913

Re: Jim Cramer in Miami

Bogleheads: In March of 2000, at the peak of a bull market, Mr. Bogle and Mr. Cramer were keynote speakers at a Miami Money Show. Mr. Bogle warned about the stock "bubble" and urged his listeners to maintain a healthy allocation to bonds. Mr. Bogle was followed by Jim Cramer. Mel and I stood in the...
by mlebuf
Sun May 19, 2019 6:31 pm
Forum: Personal Finance (Not Investing)
Topic: Very High Net Worth, elite private or “good” public
Replies: 278
Views: 19496

Re: High net worth, elite private or “good” public

Coachd50 makes some excellent points. How someone does in college and life depends on a lot of other factors as much or more than where they go to school. Thinking back, when I was an undergrad at LSU, I knew a guy who graduated from Newman and flunked out in his freshman year. It doesn't matter whe...
by mlebuf
Sun May 19, 2019 4:23 pm
Forum: Personal Finance (Not Investing)
Topic: Very High Net Worth, elite private or “good” public
Replies: 278
Views: 19496

Re: High net worth, elite private or “good” public

Speaking as a retired professor my belief is that education money is best spent on a great K-12 education. Most parents send their kids to a convenient school for K-12 and then save to pay for an expensive college. The kids who get a great K-12 education will likely do very well in college and later...
by mlebuf
Tue May 14, 2019 1:55 am
Forum: Forum Issues and Administration
Topic: For how long will the forum be around?
Replies: 94
Views: 8968

Re: For how long will the forum be around?

Until some media superior to the Internet replaces it. When that happens, some form similar to or identical to bogleheads.org will likely be there.

"Forecasting is very difficult, especially when it involves the future." - Yogi Berra
by mlebuf
Sat May 11, 2019 10:54 pm
Forum: Personal Investments
Topic: CPA advice--does this make sense??
Replies: 33
Views: 5056

Re: CPA advice--does this make sense??

Consider what marginal tax bracket you are in. For example let's assume you are in the 24 percent marginal tax bracket. For every extra dollar you take out of your tax deferred accounts, you pay 24 cents more to the IRS and perhaps more to the state. For big purchases it might be less taxing in the ...
by mlebuf
Sun May 05, 2019 9:01 pm
Forum: Personal Consumer Issues
Topic: Outdoor Jacuzzi - Cost vs Value?
Replies: 22
Views: 2634

Re: Outdoor Jacuzzi - Cost vs Value?

When I was young and not financially independent, I dreamed of having a home with a fireplace, a pool, a Jacuzzi and a garage. Fortune smiled on me and in 1995 I purchased a house with 3 fireplaces, a heated pool, an indoor and an outdoor Jacuzzi and a 3-car garage. I have been living in this house ...
by mlebuf
Mon Apr 29, 2019 5:30 pm
Forum: Personal Finance (Not Investing)
Topic: Retirees: I'm not going to run out
Replies: 62
Views: 9269

Re: Retirees: I'm not going to run out

Many of us know that financial experts recommend having a portfolio of 25 X annual spending, withdrawing no more than 4 percent per year starting at age 65 and adjusting future annual withdrawals for inflation. My opinion is that the vast majority of retirees who dogmatically follow those rules will...
by mlebuf
Mon Apr 29, 2019 3:30 am
Forum: US Chapters
Topic: Arizona Chapter
Replies: 104
Views: 15956

Re: Arizona Chapter

Hi Mark and jbranx,

Our second meeting attracted another group of quality people and great discussions. I look forward to the next meeting. Many thanks to you for getting the chapter started.

Glad that both of you enjoyed my presentation. I believe that everyone has a right to my opinion. :D
by mlebuf
Sun Apr 28, 2019 2:10 am
Forum: Personal Finance (Not Investing)
Topic: Is this too much house and am I getting away from my financial goal?
Replies: 13
Views: 1708

Re: Is this too much house and am I getting away from my financial goal?

Hi Fisherman8, When it comes to housing, my belief is that choosing a home should be a lifestyle decision rather than a financial one. Yes, a $1.45 million dollar home will likely not give you a better return than a mutual fund. However, you and your family can't live in a mutual fund. If your dream...
by mlebuf
Sat Apr 27, 2019 1:41 pm
Forum: US Chapters
Topic: Arizona Chapter
Replies: 104
Views: 15956

Re: Arizona Chapter

Yes, it is. Hope to see you there.
by mlebuf
Thu Apr 25, 2019 8:48 pm
Forum: Personal Investments
Topic: 14 years old and looking for investment advice
Replies: 37
Views: 3832

Re: 14 years old and looking for investment advice

Hi I’m new here and looking for some advice, I am 14 years old and I have $1000 to invest and I want to turn that into $10,000, any advice would be greatly appreciated. Thank you $10,000 is chump change, my friend. How about $4 million? https://news.wsu.edu/wp-content/uploads/2011/08/wages-and-educ...
by mlebuf
Thu Apr 25, 2019 3:30 am
Forum: Personal Investments
Topic: 14 years old and looking for investment advice
Replies: 37
Views: 3832

Re: 14 years old and looking for investment advice

Hi HKline, Welcome to the Forum. Your post brought back a lot of great memories. Seventeen years ago I got a message from a member of the Bogleheads who was age 13. He bought his first stock at age 8 and had been studying investing since then. He knew I was an author and asked me for some advice. He...
by mlebuf
Wed Apr 24, 2019 2:23 am
Forum: Investing - Theory, News & General
Topic: input needed on this book by Robert T. Kiyosaki in the "Rich Dad" series. Helping a friend.
Replies: 19
Views: 3558

Re: input needed on this book by Robert T. Kiyosaki in the "Rich Dad" series. Helping a friend.

Hi Sandtrap, My advice to your friends about spending money on Rich Dad materials can be summed up in just 4 words: "Don't take the bait!" They need to sit back and learn the simple principles of low cost investing. They won't find it nearly as exciting as being seduced by a slick talking seminar le...
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: 146
Views: 15938

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: 11288

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: 2949

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: 303
Views: 35224

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: 9822

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: 9822

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: 7539

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: 13307

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: 13307

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: 95
Views: 17598

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: 2644

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: 9610

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: 104
Views: 15956

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: 4695

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: 6300

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: 4696

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: 4193

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: 3027

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: 4487

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: 9514

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: 57285

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: 8084

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: 6067

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: 2120

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: 6488

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: 3645

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: 12669

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: 2239

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: 2239

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: 22554

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: 4660

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...