Search found 1824 matches

by mlebuf
Sun Oct 14, 2018 7:37 pm
Forum: Personal Consumer Issues
Topic: Recommendation for an ergonomic chair (staples)
Replies: 17
Views: 826

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: 3761

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: 3761

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: 154
Views: 12094

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: 4759

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: 3937

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: 3937

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: 3937

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: 3937

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: 3937

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: 2024

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: 937

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: 5279

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: 18483

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: 4265

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: 2174

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: 5967

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: 9869

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: 17553

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: 56827

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: 7017

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: 362
Views: 18369

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: 362
Views: 18369

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: 1619

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: 22275

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: 2032

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: 5612

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: 15232

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: 5488

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: 14396

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: 2998

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: 57
Views: 5952

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: 4067

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...
by mlebuf
Fri May 11, 2018 12:31 am
Forum: Local Chapters and Bogleheads Community
Topic: Arizona Chapter
Replies: 57
Views: 5952

Re: Arizona Chapter

Bump. Initial meeting is less than a week away.
by mlebuf
Wed May 09, 2018 9:09 pm
Forum: Personal Finance (Not Investing)
Topic: [Golf ball] cracked my house window. Do I have any recourse?
Replies: 68
Views: 7851

Re: Gold ball cracked my house window. Do I have any recourse?

Living overlooking a golf course and not expecting damage is like living with a swimming pool that overlooks a golf course and expecting privacy. I have a friend whose home overlooks a golf course. The walls on his patio have numerous dents the diameter of a golf ball. The simplest and probably chea...
by mlebuf
Thu Apr 26, 2018 9:13 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Financial Perils Of Old Age
Replies: 94
Views: 11987

Re: Larry Swedroe: Financial Perils Of Old Age

Another article on how doctors die: http://www.zocalopublicsquare.org/2011/11/30/how-doctors-die/ideas/nexus/ Also, my friend Hattie Bryant has written a wonderful book and done a PBS special on how we can manage the final chapter of our lives to make the passage as peaceful and painless as possible...
by mlebuf
Thu Apr 26, 2018 5:53 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Financial Perils Of Old Age
Replies: 94
Views: 11987

Re: Larry Swedroe: Financial Perils Of Old Age

Along similar lines, I recommend this article from a few years ago: https://www.theatlantic.com/magazine/archive/2014/10/why-i-hope-to-die-at-75/379329/ Why I Hope to Die at 75. (He's a staunch opponent of physician assisted suicide, incidentally.) The author of that essay might want to check with ...
by mlebuf
Sat Apr 21, 2018 3:08 am
Forum: Personal Consumer Issues
Topic: Bose quiet comfort noise cancelling headphones
Replies: 10
Views: 1830

Re: Bose quiet comfort noise cancelling headphones

I am on my second pair of Bose noise cancelling headphones. The first pair worked well for well over 10 years. After many years of good use I had problems with them. I took them to the Bose outlet store in the area for repair. They took the old pair and sold me a new pair at a greatly reduced price....
by mlebuf
Fri Apr 20, 2018 9:59 pm
Forum: Investing - Theory, News & General
Topic: NYT article: Everyone should hire a financial planner
Replies: 103
Views: 10498

Re: NYT article: Everyone should hire a financial planner

In my opinion the real issue is not the damage you might suffer if you don't seek professional advice. The real issue is the all too great likelihood you will suffer severe financial damage because you sought advice. There are very few areas of life where asking for help is more likely to hurt you ...
by mlebuf
Sat Apr 14, 2018 6:07 pm
Forum: Local Chapters and Bogleheads Community
Topic: Arizona Chapter
Replies: 57
Views: 5952

Re: Arizona Chapter

Somewhere in Greater Phoenix is the logical place to hold chapter meetings. The population of AZ is 7 million and 4.7 million live in Greater Phoenix. As for how meetings can be conducted, that's for the group to decide if/when we get started. Here are some suggestions: https://www.bogleheads.org/fo...
by mlebuf
Fri Apr 13, 2018 11:02 pm
Forum: Local Chapters and Bogleheads Community
Topic: Arizona Chapter
Replies: 57
Views: 5952

Re: Arizona Chapter

Count me in. I hope it comes to pass.
by mlebuf
Thu Apr 12, 2018 2:05 am
Forum: Investing - Theory, News & General
Topic: Is there a such thing as a blue collar Boglehead?
Replies: 251
Views: 38074

Re: Is there a such thing as a blue collar Boglehead?

Being white collar or blue collar has nothing to do with accumulating wealth. The ability to save and knowing the simple basics of investing are infinitely more important.
by mlebuf
Thu Apr 12, 2018 1:59 am
Forum: Investing - Help with Personal Investments
Topic: 29 YO With a big windfall. Invest or Pay off the mortgage?
Replies: 17
Views: 2747

Re: 29 YO With a big windfall. Invest or Pay off the mortgage?

I suspect that in a few years people will look at your 3.6% mortgage and say, "Those were the good old days." For years interest rates have been kept artificially low and those days are likely coming to an end. When I bought my first home in 1975, the best, fixed interest rate I could get was 8.5%. ...
by mlebuf
Tue Apr 10, 2018 3:51 pm
Forum: Personal Finance (Not Investing)
Topic: Ivy school education. Is it worth it?
Replies: 238
Views: 15240

Re: Ivy school education. Is it worth it?

RollTide31457 wrote:
Tue Apr 10, 2018 11:16 am
Wouldn’t even consider a school that is not competitive in the BCS.

+1
by mlebuf
Mon Apr 09, 2018 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: Ivy school education. Is it worth it?
Replies: 238
Views: 15240

Re: Ivy school education. Is it worth it?

Some emprical research may provide some answers to the question. The study is over
20 years old but likely still valid.

http://www.newsweek.com/worthless-ivy-league-167702
by mlebuf
Mon Apr 09, 2018 1:04 am
Forum: Personal Consumer Issues
Topic: Regrets of the frugal and dying?
Replies: 62
Views: 9540

Re: Regrets of the frugal and dying?

Here's an article on the top 5 regrets of the dying: http://www.aarp.org/relationships/grief ... ing.2.html
by mlebuf
Fri Apr 06, 2018 3:42 pm
Forum: Investing - Theory, News & General
Topic: What can we learn from secret millionaires.
Replies: 93
Views: 17998

Re: What can we learn from secret millionaires.

I live in a gated community with all homes worth over $1 million. Years ago, when homes in the community were selling in the $800K - $1.4 million range, I refinanced the mortgage when interest rates dropped. When the broker came over to finalize the paperwork, he told me, "Most of the people who liv...
by mlebuf
Thu Mar 29, 2018 3:16 am
Forum: Investing - Help with Personal Investments
Topic: Freshly Minted Boglehead
Replies: 17
Views: 1590

Re: Freshly Minted Boglehead

Hi Arinbjorn, Welcome to the forum. As a co-author of the "Bogleheads' Guide..." I'm delighted that it set you on the right path. Someday when you are financially independent, and you will be, you will look back on those hard times and realize that they helped mold you in to the successful person yo...