Search found 2292 matches

by technovelist
Sun Oct 22, 2017 12:32 am
Forum: Investing - Theory, News & General
Topic: When one reaches the 1 million mark what to do with all the money?
Replies: 30
Views: 4804

Re: When one reaches the 1 million mark what to do with all the money?

When I hit the $10,000 mark, I did... nothing. When I hit the $50,000 mark, I did... nothing. When I hit the $100,000 mark, I did... nothing. When I hit the $500,000 mark, I did... nothing. When I hit the $1,000,000 mark, I did... nothing. When I hit the $2,000,000 mark, I did... nothing. When I hi...
by technovelist
Thu Oct 19, 2017 4:41 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe:Better To Face The Correction
Replies: 51
Views: 6320

Re: Larry Swedroe:Better To Face The Correction

Nonsense - when the oil market was tanking about two years ago, oils sold off like they were going out of business +1 Same for emerging markets (ok, these are expected to be more volatile). The catch is that when there's a crash in the making, it's not that the market crashes just because. There's ...
by technovelist
Tue Oct 17, 2017 10:11 pm
Forum: Investing - Theory, News & General
Topic: 30th Anniversary of October 19, 1987 stock market crash
Replies: 36
Views: 2904

Re: 30th Anniversary of October 19, 1987 stock market crash

I remember that the crash was blamed mainly on "Programmed Trading." What is the current significance of that now? (And was it true in retrospect?) My understanding of it is that there were quite a few large institutions who all thought that they could hold more stocks than they really wanted to be...
by technovelist
Tue Oct 17, 2017 10:09 pm
Forum: Investing - Theory, News & General
Topic: Gold ETF
Replies: 32
Views: 3010

Re: Gold ETF

I recall a gold bug in a forum where I used to post recommended this https://goldstockbull.com/articles/central-fund-of-canada-cef-safest-way-to-own-gold/ https://seekingalpha.com/article/4035859-central-fund-canada-buying-100-gold-silver-90 At least I think that is what it was...I recall it was so...
by technovelist
Tue Oct 17, 2017 7:26 pm
Forum: Investing - Theory, News & General
Topic: Gold ETF
Replies: 32
Views: 3010

Re: Gold ETF

I have it in coin so there is a perpetual put option. Why a perpetual put option? If a coin is issued from a country as legal tender and still honored then it can be used as cash at it's face value regardless of what metal prices do. So, a 40% silver Kennedy half dollar is about $2.50 in silver wit...
by technovelist
Tue Oct 17, 2017 7:19 pm
Forum: Personal Finance (Not Investing)
Topic: Help picking apart whole life insurance cash value
Replies: 39
Views: 1579

Re: Help picking apart whole life insurance cash value

What need are you trying to fill with whole life insurance? Analyzing the benefits of it means comparing whole life to other ways to accomplish the same goal. Are you trying to provide for your family if something happens to you? If so, do you see a permanent need for this protection, long after yo...
by technovelist
Tue Oct 17, 2017 4:04 pm
Forum: Personal Finance (Not Investing)
Topic: Help picking apart whole life insurance cash value
Replies: 39
Views: 1579

Re: Help picking apart whole life insurance cash value

Another problem is the lack of inflation protection. The dollars you put in near the beginning of the term aren't worth nearly as much as the dollars you might get out later.
by technovelist
Tue Oct 17, 2017 3:36 pm
Forum: Personal Finance (Not Investing)
Topic: Help picking apart whole life insurance cash value
Replies: 39
Views: 1579

Re: Help picking apart whole life insurance cash value

I am a life insurance agent.

I would never sell a whole life policy except maybe in extremely rare circumstances for extremely HNW people who have estate tax problems for which it might be a solution.
by technovelist
Tue Oct 17, 2017 3:22 pm
Forum: Investing - Theory, News & General
Topic: Annuities-when and why?
Replies: 94
Views: 12996

Re: Annuities-when and why?

"Too big to fail" doesn't mean that the shareholders will be made whole. It means that the depositors don't have too much to worry about. People who buy their preferred stock are shareholders, not depositors. Source? Because: Federal Reserve Chair Ben Bernanke also defined the term in 2010: "A too-...
by technovelist
Tue Oct 17, 2017 8:38 am
Forum: Investing - Theory, News & General
Topic: Annuities-when and why?
Replies: 94
Views: 12996

Re: Annuities-when and why?

Previously I have suggested to people to use a mix of mainly WFC/PL for yield and a little WFC common to "insure" against the forced conversion. The only scenario that you get the forced conversion is the scenario wherein WFC has gone up by 3.5 from today's price, so when you eventually lose yield ...
by technovelist
Mon Oct 16, 2017 8:33 pm
Forum: Investing - Theory, News & General
Topic: 30th Anniversary of October 19, 1987 stock market crash
Replies: 36
Views: 2904

Re: 30th Anniversary of October 19, 1987 stock market crash

I had just started a new job in the financial sector that very day, if I recall correctly.

However, I didn't have anything in the stock market, so it didn't affect my portfolio.
by technovelist
Mon Oct 16, 2017 7:52 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Bracket in Retirement
Replies: 46
Views: 5212

Re: Tax Bracket in Retirement

My question is what are the factors that one can consider he/she'll be in a higher or lower bracket in retirement? One major factor is the time gap (if any) between when you stop working and when you start collecting social security. A tricky issue with social security income is it can be completel...
by technovelist
Mon Oct 16, 2017 7:35 pm
Forum: Investing - Help with Personal Investments
Topic: Thinking we are close to winning the game
Replies: 35
Views: 5757

Re: Thinking we are close to winning the game

I think you should be cautious because you don't have a good idea of your current spending, much less your future spending. Plus you have large but inexactly known education expenses upcoming and it is a full six years or more before your youngest starts. You need to take a hard look at your spendi...
by technovelist
Mon Oct 16, 2017 6:23 pm
Forum: Investing - Theory, News & General
Topic: Annuities-when and why?
Replies: 94
Views: 12996

Re: Annuities-when and why?

I have a pension, my wife's SSA, and some day my SSA. That's enough annuities for me. I think I can get a better return through investing than with annuities. Yes, it is enough annuitization in many cases, but getting better return through investing is easy because annuities (SPIA) don't have retur...
by technovelist
Mon Oct 16, 2017 5:49 pm
Forum: Investing - Help with Personal Investments
Topic: Thinking we are close to winning the game
Replies: 35
Views: 5757

Re: Thinking we are close to winning the game

Why do you need life insurance? Sure, keep it for now, but once you retire you can self-insure. That is one of the benefits of having everything paid for and 1.7m in the market. The reason that retirees need life insurance is that the second Social Security payment is a very valuable asset, being e...
by technovelist
Mon Oct 16, 2017 3:44 pm
Forum: Personal Consumer Issues
Topic: How long for hedonic adaptation to set in?
Replies: 109
Views: 7129

Re: How long for hedonic adaptation to set in?

I have decided that at my age (68) I will no longer fly in economy even for a few hours if I have a reasonable option to fly in a more comfortable seat, which I should if it isn't a last-minute emergency where the better seats are thousands of dollars more. I find economy not merely uncomfortable b...
by technovelist
Mon Oct 16, 2017 3:40 pm
Forum: Personal Consumer Issues
Topic: How long for hedonic adaptation to set in?
Replies: 109
Views: 7129

Re: How long for hedonic adaptation to set in?

The housing though, is def legit. I wish it wasn't, but it absolutely is life-changing, and probably THE most life-changing way you can possibly spend your money. It is life-changing for you . I have three close friends and a neighbor who bought mansions (not McMansions, but legit 10,000+ sqft mons...
by technovelist
Mon Oct 16, 2017 3:34 pm
Forum: Investing - Help with Personal Investments
Topic: Thinking we are close to winning the game
Replies: 35
Views: 5757

Re: Thinking we are close to winning the game

Why do you need life insurance? Sure, keep it for now, but once you retire you can self-insure. That is one of the benefits of having everything paid for and 1.7m in the market. The reason that retirees need life insurance is that the second Social Security payment is a very valuable asset, being e...
by technovelist
Mon Oct 16, 2017 3:26 pm
Forum: Investing - Theory, News & General
Topic: Annuities-when and why?
Replies: 94
Views: 12996

Re: Annuities-when and why?

Previously I have suggested to people to use a mix of mainly WFC/PL for yield and a little WFC common to "insure" against the forced conversion. The only scenario that you get the forced conversion is the scenario wherein WFC has gone up by 3.5 from today's price, so when you eventually lose yield ...
by technovelist
Sun Oct 15, 2017 9:18 pm
Forum: Investing - Help with Personal Investments
Topic: Thinking we are close to winning the game
Replies: 35
Views: 5757

Re: Thinking we are close to winning the game

That $5,000/month in SS will be cut in half if (when) one of you dies. Do you have life insurance against the possibility of that happening early in retirement, which is when it is the most hazardous to the standard of living of the survivor? 30-year term should be pretty cheap at your (relatively) ...
by technovelist
Sun Oct 15, 2017 8:58 pm
Forum: Personal Consumer Issues
Topic: How long for hedonic adaptation to set in?
Replies: 109
Views: 7129

Re: How long for hedonic adaptation to set in?

Flying in Business/First Class is a salient example of Hedonic Adaptation that technovelist , Maya123 , msk , and many others have acquired and I am trying to avoid. Victoria IS it hedonistic adaptation if the scanarios are thus:@ How I felt going Coach in the last 15 years or more: days before vac...
by technovelist
Sun Oct 15, 2017 8:53 pm
Forum: Personal Finance (Not Investing)
Topic: You career roots and your path to financial independence. "Actionable: steps and tips for others?
Replies: 56
Views: 5523

Re: You career roots and your path to financial independence. "Actionable: steps and tips for others?

I am the first one in my family to graduate from college. I paid my own way through a (very expensive) private college, with the help of scholarships, student loans, and work-study, starting at 16 (in 1965). I joined the work force at 20 and worked for the next 40 years, starting out at low pay but ...
by technovelist
Sat Oct 14, 2017 8:42 pm
Forum: Personal Consumer Issues
Topic: How long for hedonic adaptation to set in?
Replies: 109
Views: 7129

Re: How long for hedonic adaptation to set in?

- I try to abstain from flying above basic Economy, because I suspect that if I fly something better, it would be difficult to go back. Several months ago, I took a short flight in Business, because I wanted to use points in my British Airways account. It was significantly better than my normal exp...
by technovelist
Fri Oct 13, 2017 5:32 am
Forum: Investing - Theory, News & General
Topic: Gold ETF
Replies: 32
Views: 3010

Re: Gold ETF

I have it in coin so there is a perpetual put option. Why a perpetual put option? Regarding buying the gold itself, I reckon that 1) from 0.4% to 3% it's a very big difference and 2) storage costs and inconveniences wouldn't be great. But I might very well buy a little physically and put the rest i...
by technovelist
Tue Oct 10, 2017 9:27 am
Forum: Personal Finance (Not Investing)
Topic: Medicare High Earner Premium
Replies: 15
Views: 2272

Re: Medicare High Earner Premium

Just to be clear, a "one-time event" that boosts your MAGI is not a reason to appeal your Medicare premium increase. If you sell your house and the capital gain boosts your MAGI into the stratosphere, you're not going to be able to appeal it. It's going to have to be a life-changing event and those...
by technovelist
Mon Oct 09, 2017 9:35 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio advice after windfall
Replies: 7
Views: 1069

Re: Portfolio advice after windfall

It sounds to me as if you could retire tomorrow if you wanted to.

How much do you think you will need to retire?
by technovelist
Mon Oct 09, 2017 8:44 pm
Forum: Personal Finance (Not Investing)
Topic: Senior citizens can lose everything [to professional guardians via court rulings]
Replies: 111
Views: 9238

Re: Senior citizens can lose everything [to professional guardians via court rulings]

This is horrifying! Thank you for posting it.

We will be talking about this with our family lawyer ASAP to see what can be done to prevent it from happening to us.
by technovelist
Mon Oct 09, 2017 5:42 pm
Forum: Personal Consumer Issues
Topic: Is there boglehead consensus on buying a car?
Replies: 73
Views: 4838

Re: Is there boglehead consensus on buying a car?

My "new" car is a 2008 Acura TL-S, bought new. My "old" car is a 2001 Maxima GXE, bought new. My truck is a 1995 Dodge Dakota, bought used. My previous old car was a 1990 Maxima, bought new and sold in 2008 when I bought the Acura. I almost never buy used vehicles. I generally buy new ones with good...
by technovelist
Mon Oct 09, 2017 5:37 pm
Forum: Investing - Help with Personal Investments
Topic: Ameriprise and Term Insurance
Replies: 4
Views: 459

Re: Ameriprise and Term Insurance

If you are in average health, I would guess it would cost you somewhere around $1200/year for 500K of 20-year term and about $4750/year for $1.5 million on your husband. Obviously the premiums will be lower (as much as 50% lower) if you are in excellent health.
by technovelist
Mon Oct 09, 2017 5:20 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare High Earner Premium
Replies: 15
Views: 2272

Re: Medicare High Earner Premium

I made a withdrawal from a retirement plan that pushed me into the highest bracket for one year. Then the next year I was terminated from my job. I got the dreaded "high income earner" letter from SSA. I contacted SSA and they said as long as I could prove having been terminated from my job, they wo...
by technovelist
Mon Oct 09, 2017 3:25 pm
Forum: Investing - Theory, News & General
Topic: Has your "risk tolerance" been tested?
Replies: 105
Views: 6499

Re: Has your "risk tolerance" been tested?

Tested, yes, like so many in 2008-9. I was about 75% stocks, 9 years to go to retirement with pension. We know what happened to the stocks. But the surprise came May 2009 when our entire organization got notice that, due to an imploding state budget, we would cease to exist in 60 days. It seemed un...
by technovelist
Mon Oct 09, 2017 10:45 am
Forum: Investing - Theory, News & General
Topic: what to research on possible "too good to be true" ETF
Replies: 10
Views: 624

Re: what to research on possible "too good to be true" ETF

This is basically a lottery ticket.

Enjoy any gains you get, but don't count on them. They can evaporate as fast as (or faster than) they arrive.
by technovelist
Mon Oct 09, 2017 10:33 am
Forum: Investing - Theory, News & General
Topic: Has your "risk tolerance" been tested?
Replies: 105
Views: 6499

Re: Has your "risk tolerance" been tested?

The events that can harm your savings have a fairly high correlation with the events that can harm your income, so attempting to make sure that the worst-case scenario is tolerable is a more appropriate goal. Well said. What I do to build in the worst-case scenario that you mention--and thus get a ...
by technovelist
Mon Oct 09, 2017 9:11 am
Forum: Investing - Theory, News & General
Topic: Has your "risk tolerance" been tested?
Replies: 105
Views: 6499

Re: Has your "risk tolerance" been tested?

One thing people should be aware of is that their risk tolerance may change as their circumstances change. For example, when someone retires they lose their human capital. They are vulnerable to the sequence of return risk and no longer can rely on their human capital to help recoup their losses. A...
by technovelist
Sun Oct 08, 2017 9:41 pm
Forum: Personal Consumer Issues
Topic: Most expensive gel car battery or cheapest? How often?
Replies: 32
Views: 1979

Re: Most expensive gel car battery or cheapest? How often?

I love the Optima batteries. They last a REALLY long time, 7 years or more, compared to 3-4 years for "regular" unsealed lead-acid batteries, in my experience anyway. I have the yellow (mixed mode) one in my older (2001) car but my mechanic (I think it was) said that the red ones are better for cars...
by technovelist
Sun Oct 08, 2017 8:51 pm
Forum: Investing - Theory, News & General
Topic: Has your "risk tolerance" been tested?
Replies: 105
Views: 6499

Re: Has your "risk tolerance" been tested?

I was ok with 2001 market downturn but did not handle 2008 as well. I finally capitulated and sold about half my equity in March 2009. Great timing, right? I actually had planned to retire at end of 2008, but decided to work a couple of more years to recoup some of my losses. One thing people shoul...
by technovelist
Sun Oct 08, 2017 11:27 am
Forum: Investing - Theory, News & General
Topic: Has your "risk tolerance" been tested?
Replies: 105
Views: 6499

Re: Has your "risk tolerance" been tested?

Events in 2008 really shook me and even impacted my health. In my retirement account, I stayed the course but suspended rebalancing into bonds. But the real action was in taxable. I was stock-heavy (for me) and I sold the stock in mid September when the slide really accelerated. However, I bought b...
by technovelist
Sat Oct 07, 2017 10:25 pm
Forum: Investing - Theory, News & General
Topic: Gold ETF
Replies: 32
Views: 3010

Re: Gold ETF

Check out the Permanent Portfolio book and forum for discussion. The book lists several methods to invest in gold with discussion of each. ETF's are the better than nothing but not ideal solution. I agree with above that CEF may be the best choice. After that is physical ownership at a hidden locat...
by technovelist
Sat Oct 07, 2017 2:14 pm
Forum: Investing - Theory, News & General
Topic: Has your "risk tolerance" been tested?
Replies: 105
Views: 6499

Re: Has your "risk tolerance" been tested?

I think the real test is if and when the market goes down and stays down for years. Most people here have been conditioned to think it bounces back up. That isn't always the case. Look at 30s. Look at mid 60s to 1982. Or worse look at Japan. Agree. That's why I said we were just lucky in 08-09 that...
by technovelist
Sat Oct 07, 2017 9:46 am
Forum: Investing - Theory, News & General
Topic: Has your "risk tolerance" been tested?
Replies: 105
Views: 6499

Re: Has your "risk tolerance" been tested?

Yes. I have a very unconventional portfolio, which was tested in 2013-2015 after having flown through 2008-2009 without a hitch.
I wasn't tempted to change it when it went down about 30%.
by technovelist
Thu Oct 05, 2017 10:11 am
Forum: Personal Finance (Not Investing)
Topic: How much worth house should one buy?
Replies: 73
Views: 4156

Re: How much worth house should one buy?

My rules: 1) The PITI of the house you buy should be 20% to 30% lower than the house that you are renting. 2) Your net worth excluding the house should be at least 2.5 to 3 times the price of the house. KlangFool IMO, comparing mortgage payment to rent is comparing apples and oranges. Mortgage is j...
by technovelist
Thu Oct 05, 2017 9:50 am
Forum: Investing - Theory, News & General
Topic: Annuities-when and why?
Replies: 94
Views: 12996

Re: Annuities-when and why?

dbr wrote:
Thu Oct 05, 2017 9:08 am
1035 exchange? As suggested call Vanguard to discuss what might or might not be possible.
Right, most annuities can be exchanged for other annuities without causing a taxable event.
by technovelist
Thu Oct 05, 2017 9:22 am
Forum: Personal Finance (Not Investing)
Topic: That blank stare... ?
Replies: 49
Views: 2881

Re: That blank stare... ?

I really don't understand not wanting to know. Money is critical tolifestye. If spouse with knowledge dies, then spouse with little knowledge becomes a target. My spouse has just asked I leave a list of account locations (no account numbers) and any instructions in our safety deposit box. She is a ...
by technovelist
Thu Oct 05, 2017 9:16 am
Forum: Personal Finance (Not Investing)
Topic: How much worth house should one buy?
Replies: 73
Views: 4156

Re: How much worth house should one buy?

It would have shortened my life expectancy due to stress if I had had to borrow 2.5x my income to "buy" a house. And the first house I "bought" was in a HCOL area, namely Long Island, NY. I recommend either renting or buying the least expensive house that you can get your wife to agree to. :D We bor...
by technovelist
Tue Oct 03, 2017 10:58 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Strategy for Timing of Early Retirement with Significant Long-Term Capital Gains
Replies: 41
Views: 2881

Re: Tax Strategy for Timing of Early Retirement with Significant Long-Term Capital Gains

Ok, thanks. That didn't say "Federal tax calculator", so I didn't recognize it as the spreadsheet in question.
by technovelist
Tue Oct 03, 2017 3:34 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Strategy for Timing of Early Retirement with Significant Long-Term Capital Gains
Replies: 41
Views: 2881

Re: Tax Strategy for Timing of Early Retirement with Significant Long-Term Capital Gains

MFJ both 67 with $40K pension, $35K SS, $100K LTCG/QD, and standard deduction, would pay ~$16,600 federal income tax for 2017, based on this tax calculator . I get $16,619 after updating my calculator with the 2017 brackets, exemptions, and so on. Yes, same number. I'm getting a slightly different ...
by technovelist
Tue Oct 03, 2017 12:37 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 1539
Views: 272532

Re: What are you up YTD? [Year To Date]

About 9.9% investment return YTD.
Approximate AA: 50% gold, 35% Swiss francs, 10% US dollar cash.
by technovelist
Tue Oct 03, 2017 12:19 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Strategy for Timing of Early Retirement with Significant Long-Term Capital Gains
Replies: 41
Views: 2881

Re: Tax Strategy for Timing of Early Retirement with Significant Long-Term Capital Gains

MFJ both 67 with $40K pension, $35K SS, $100K LTCG/QD, and standard deduction, would pay ~$16,600 federal income tax for 2017, based on this tax calculator . I get $16,619 after updating my calculator with the 2017 brackets, exemptions, and so on. Yes, same number. I'm getting a slightly different ...
by technovelist
Tue Oct 03, 2017 5:56 am
Forum: Personal Finance (Not Investing)
Topic: Would you take a pay cut to work from home?
Replies: 67
Views: 5319

Re: Would you take a pay cut to work from home?

I'm in the minority here, but I'd say go for it, OP. To me, one of the most important things you said is that you've lived all your life in the same state, and really want to try somewhere different. The new work-from-anywhere job seems like the ideal opportunity to try at least one new place, and ...