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Nice Post Captain...

Dave Ramsey & Susie Ormond would 't be on my reading list, so good to see what they are preaching these days.

I'm 65, wife is 63. No debt. medium/high COL. Small home $275K. $2.2M in IRAs/401k/Annuity. No kids or dependents. Expenses running about $60K per year. 58% VOO-VTI 36% CDs 6% TIAA annuity Home needs upgrade to both BRs, kitchen and 2 bedrooms. I can do most of the work myself for about $50K. Hate the town I live in so really would like move. Wife retired now, I'm still working but ready to go. Medical thru state so costs are reimbursed. Not counting on S/S for this calculations. Can you retire? Mathematically...most likely. Should you? Not enough info. Some considerations: 1. Health Insurance - Med Sup? Medicare Parts B & D? 2. Relocation Costs? You say you hate your location. WHY would you want to retire there then? 3. What retiremen...

Hello bogleheads, I am 22 years old and very recently received a $2.5 million dollar windfall due to the death of someone I love in my family. Not taxable based on my research and the circumstances (meeting with someone this week to verify this). I know there was a similar post here a few years ago (https://www.bogleheads.org/forum/viewtopic.php?t=301519) but I decided to make a new one since my situation is a bit different About me -Currently no stable income as I am finishing up my Masters this spring. Have a bachelors degree. $20k in student loans -$500 a month rent, paying using savings from previous internships -Plan on getting a permanent job in my field that pays $55-60,000 this summer -No credit card debt, good credit score -Planni...

Additional information: We got started with retirement accounts relatively late, but we both have well-funded and state-guaranteed pensions with COLA's. Additionally, we will both have Social Security, her starting anytime now and I will wait to age 70 per the Open Social Security calculator. All monthly expenses are met through our pensions and part-time work including $1500 each month that is split between our savings and vacation accounts. We each have term insurance that will more than handle the remaining mortgage debt and funeral expenses. We each also have LTC insurance providing about $350 coverage per day. Question: She and I have different perspectives on what to do with $300,000. She is comfortable with it in a savings account ea...

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Question: "Biggest turnoff for me has been many of their e/r's vs. their competition for asset classes I'm interested in."

e/r's...?
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e/r = expense ratio
They often have higher expenses than other providers. Not always, but often. Historically, for some of their funds, the higher returns have more than offset their expenses vs. their peers. Sometimes not. And as always, nothing is guaranteed in the future...

Cheers
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HA! Sometimes it's just the terminology used.

thanks.

i looked into the data too. unlikely that DFA can beat simple index funds over a long period of time. If you want to hold them, i would limit to 10% of total portfolio. basically they are small cap value with some intricacies. you can buy AVANTIS etfs similar too df. I'd say unknowable, rather than unlikely. DFA provides a large number of funds, not just small cap value and that also includes bond funds, target date funds, fixed allocation funds, etc. Recently some of the same mutual funds, which are only accessible via an advisor, have been made available in ETF form for the masses. I own no DFA mutual funds or ETFs. Biggest turnoff for me has been many of their e/r's vs. their competition for asset classes I'm interested in. I do wish th...

tl;dr seeking advice on how to smoothly exit Vanguard.com for Fidelity.com I have been a vanguard flagship customer for many, many years. For a long time, I regarded their antiquated technology with concern, but the issues posted about here weren't really in my face. Today, I logged on to see what was available in brokered CDs. Buy and Trade -> CDs -> blank screen . Several minutes of clicking through "support," I finally had to lie about the problem I was having to get a phone number. Mind you that on older versions of the site, my flagship phone # was always on the main page. So after a transfer and TWO account authentications (after being promised the second wouldn't happen), I was informed that I needed to turn off the "...

To the OP, you can get MYGA's that allow for up to 10% per year withdraw starting the year you purchase the contract. I'm retired and using some of these for income, I pull 5% per year as systematic monthly withdrawals and have taxes withheld. What do you get back from the investment at the end of the annuity period, after withdrawing 10% per year. Assuming this is NOT a rhetorical question ...the obvious answer is the remaining principal and the interest earned thereon...which in fact, is the case. In addition, there are MYGAs that allow for only the interest to be withdrawn, rather than principal. Far too many on this forum have a closed mind with regards to annuities and unfortunately, "Those convinced against their will, are of th...

Ricola wrote: ↑Mon Feb 06, 2023 9:26 am What degree of tax-free is VMFXX? A recent Allan Roth article mentions VUSXX Vanguard Treasury Money Market Fund as being Fed and State Tax-free. I can't see where this can be verified anywhere.

I cut and pasted this from the VUSXX Prospectus...

"Tax Information

The Fund’s distributions may be taxable as ordinary income or capital gain. If you are investing through a tax-advantaged account, such as an IRA or an employer-sponsored retirement or savings plan, special tax rules apply."

Didn't read full thread (too busy working today :) ) - to continue contributing to society - to continue staying engaged and mentally active - can find enough time for leisure activities and enjoyment while still working - 24/7 isn't required for leisure. - 40+ hour work weeks with ample vacation time provides good work life balance. Why retire? SmilyFace: I have been looking at the "why retire" question for some time now. Your post struck a chord with me as well. 1. I am a college professor. (Third Career) 2. I love the teaching and the student interaction aspects of my profession. 3. I believe society benefits greatly from the students I help prepare for career success. 4. I earn a substantial income and I enjoy great benefits,...

In the immortal words of my father who continued to work despite having two inflation indexed pensions (one of which is income tax free) that totaled about $200k a year and two sold gold health plans that together covered 100% of all medical costs: "Work is my hobby". He worked until he was 82 years old. He has been collecting his first pension since the early 1980s. Isn’t this what has ruined the retirement futures of most of the current workers and probably all of the young and future workers who will have no pension ? The fact that he kept on working even after his pensions is great, but why does anybody deserve lifetime tax free pensions such as these ? Skor- Are you serious? Do you actually think what this gentleman's father...

the_wiki wrote: ↑Tue Dec 13, 2022 1:19 pm If you really wanted to work it, you could sign up for a bunch of different accounts and get new account bonuses. For example Am Ex has $350 for opening up a savings account with $25k, Discover has $500 with $50k, and so on. And then they all pay 3-3.25% like other banks anyway.

Maybe milk an extra $2k that way but you’ll have cleanup to do when you clean them all out.

Another consideration is the effect on your credit score for all the new accounts and inquiries. IF your credit score is high enough (I am in the 825-850 bracket) this will not really matter, but if you are in the 740's, it could cause mortgage availability and costs issues.

My niece just got in a car accident, hit in the rear, not her fault. Talking to my brother, he suggested I start thinking about Umbrella Insurance. A while ago his lawyer suggested he get umbrella insurance..and after looking at his policy, years later, his lawyer was thrilled he has 3-4 million in coverage. Was telling me if I was ever to cause an accident, the other party could come after my vanguard assets, Roth IRA, and other assets. At what net worth would it make sense to look into it? I’m not a millionaire… From my limited research, I saw it. Might cost another 2-300 bucks a year for an extra million in coverage. Would love to hear some thoughts. Thanks! The correct amount of Umbrella Liability Insurance to own is what ever you can ...

Miriam2: I was originally scheduled to be in the class of 2020, and then "you know what hit the fan"...No...NOT THAT..COVID 19. Ha! I decided OMY was in order, since there was a real danger facing me in the form of Sequence of Returns Risk...and I moved my retirement date forward, as TBD. In June of 2021, I received a contract extension, through 6-30-2025. Well that was nice and all, but there's no way I am staying on that long. I turned 72 in October 2022 and I decided June 30, 2023 would be my date. 209 days and counting. As we all have experienced, 2022 has been a "rough and rocky road," markets wise. My portfolio is down about $116,000 for the year. Based on our recently received SSA announcement, however, we will be...

My niece just got in a car accident, hit in the rear, not her fault. Talking to my brother, he suggested I start thinking about Umbrella Insurance. A while ago his lawyer suggested he get umbrella insurance..and after looking at his policy, years later, his lawyer was thrilled he has 3-4 million in coverage. Was telling me if I was ever to cause an accident, the other party could come after my vanguard assets, Roth IRA, and other assets. At what net worth would it make sense to look into it? I’m not a millionaire… From my limited research, I saw it. Might cost another 2-300 bucks a year for an extra million in coverage. Would love to hear some thoughts. Thanks! The correct amount of Umbrella Liability Insurance to own is what ever you can ...

The Home insurance jargon and the risks covered or excluded are quite complex for me to grasp via a phone call to insurance agent. Are there resources that you found useful to help explain the risks, inclusions and exclusions in simple terms. Example: Someone explained to me the differences in water damage coverage. "Water damage due to bottom up(flooding) vs top down( plumbing, water back up) are covered differently. Dwelling damage caused from events inside the home( fire, water) vs events outside the home(fire,water,wind etc). Also, currently have a HO-B insurance(texas). Any experiences with Ho-B vs Ho3 in Texas with claims? Thank you! Aggieland, I was a Nationwide Insurance Agent in TX for a decade beginning in 1998. The very bes...

Looked around on BH and could not find this topic addressed. Background: 63 yrs old Planning to retire at end of June 2023 Salary = $205K, plus a likely $30K bonus in April '23 I have historically contributed whatever gets me to the IRS max annual deferral limit by ~end of Nov/early Dec each year. So for 2022 I made sure to tweak contributions to be 11-13% to get me to $27K in Dec (basic + >50 catch-up = 20.5 + 6.5). Under by employer's plan I can adjust my % real-time paycheck to paycheck). My company does a true-up on 401ks which I am told by my benefits department will even apply to me as a retiree in Dec 2023 even if I leave in June and have withdrawn my money from the Prudential plan by December (although I am awaiting a pointer to wh...

I have appealed it twice and been approved twice, the first time when I got married and then later when my wife retired. Both were mailed. I estimated the income numbers. SSA worked out the refunds in a timely manner with no input from me. Oh, do send a copy of your marriage certificate. On one of our appeals the estimate ended up being a few 10's of thousands low due to some LTCG and the 5% fee my wife got for settling her brother's estate. Anyway, SSA sent me a letter and took the additional IRMAA owed for the previous year out of my monthly deposit with no penalties or interest. Thanks for the Good News. I am planing on retiring June 30 2023. Our Total income in 2023, with salary, paid out Vacation Time and Social Security will be under...

I have appealed it twice and been approved twice, the first time when I got married and then later when my wife retired. Both were mailed. I estimated the income numbers. SSA worked out the refunds in a timely manner with no input from me. Oh, do send a copy of your marriage certificate. On one of our appeals the estimate ended up being a few 10's of thousands low due to some LTCG and the 5% fee my wife got for settling her brother's estate. Anyway, SSA sent me a letter and took the additional IRMAA owed for the previous year out of my monthly deposit with no penalties or interest. Thanks for the Good News. I am planing on retiring June 30 2023. Our Total income in 2023, with salary, paid out Vacation Time and Social Security will be under...

Out at age 49... (had just buried a parent that I had cared for for 32 yrs, and the kids had just left home for college (on their own)). Finally it was Time to live again :) the stars aligned. Tho it was a great job with great people, benefits, challenge and paid travel (with family). A GREAT severance package I had been waiting for 15 yrs to be offered. ! (2 yrs salary, 2 yrs UI and HC (while attending free college)), + payout of vacation (20+ weeks) and sick leave (1000+ hrs) much of which I had accumulated at $2.00-$4.00/ hr...) Unfortunatley... missed lifetime HC and new CEO had tanked the stock price by 90% and got rid of a lot of retiree and recreation benefits (for active and retirees, including free company resorts worldwide for li...

It is confusing for sure. Like others have stated, the CPI -W for Q3 established the COLA for 2023 at 8,7%. My wife and I have our notices of the new benefit payments for 2023. As others have stated, the December payments are made in January, so it would appear the new payments are effective January, 2023. And all that is well and good...however on MYSSA.gov, the page says, Social Security (Retirement) Active $4,367 next payment before deductions Next Payment Date: December 14, 2022 Payments are made on the 2nd Wednesday of every month Payments are made by Direct Deposit Last payment: November 9, 2022 Monthly Benefit Amount: $4,017.00 No deductions Last Payment Total: $4017.00 So it is accurately showing my $350 per month increase for 2023....

I hardly ever see this mentioned on Bogleheads, but I retired when I did because I wasn't good enough at my job any longer and wasn't being as productive or contributing as much as I wanted to. I wasn't told that and could have kept working. I did hold out maybe a few months more than I would have for some benefits to vest, but if I felt I was doing a better job I would have probably stayed for full retirement (another 10 months or so.) But then I would have retired anyway because I wanted to travel and do other things I didn't have time for. As it happened the pandemic hit right after I retired, and took away almost everything I wanted to retire to do. If not for feeling the way I did, I would have at least stayed a few months into the fo...

Golfer-- wrote: ↑Sat Nov 12, 2022 12:21 pm Long ago I realized this about comparing myself to others-if I compare to those who have more then me I can become disappointed, sad, insecure. If I compare myself to those who have less than me I can become egotistical. So I learned to compare myself to myself-who I was yesterday, who I am today and who I want to be tomorrow.

One of the VERY BEST POSTS of the 1,000's I have read on this Forum.

I will be repeating it to myself in the future...often!

Be sure to look into alternative institutions. I am a DSL (Doctor of Strategic Leadership) student at Liberty university. As a veteran, my tuition and fees are extremely inexpensive. I am paying out of pocket, by the semester. They too have the IT PhD program you aspire to complete. As a suggestion, make sure your employer or the one you aspire to join recognizes the desirability of the degree from the institution from which you intend to earn your degree. And as others have said, make sure the cost in time, energy and dollars is worth it to you. It will be soul crushing. And lastly...be aware that institutions do NOT have your best interests in mind. Otherwise they would not be spewing out ABDs (All But Dissertation) in the multitudes that...

Mike,

You understand it essentially correct.

One thing to take into account is that it is actually possible to file a SSA document SSA-44 to appeal your IRMAA, if you will be retiring in 2025, as well.

"If you wish to appeal your IRMAA, you should print out Form SSA-44 titled Medicare Income-Related Monthly Adjustment Amount – Life-Changing Event. This form walks you through the steps of providing updated income information as well as listing what documentation will be required for evidence of your new MAGI."

Retirement is considered a life changing event.

Otherwise, your are correct to stop doing Roth Conversions two years out.

Thanks ExodusNH.

Am I incorrect in believing that I Bonds, like EE Bonds and H Bonds were previously sold through Banks?

I wish I could say that something in the Federal Government works efficiently, but whatever is is, it is NOT Treasury Direct. I changed bank accounts and went through weeks of BS and paperwork to get it accomplished. Called them because of trouble with log on...and the recording stated "Due to heavy calling volume wait times are 2 hours or more." Sent them an email, on their system, and received a response stating that because of email volume, I should try calling. My personal belief is the treasury doesn't want to provide decent client services, so they simply don't, knowing that as consumers, there is absolutely nothing we can do about it. I Bonds are only available through Treasury Direct, online. Why? Why can't banks sell them...

I have purchased several MYGAs from both Blueprint & Gainbridge over the last few months. Agree totally with the plus and minus experiences with both companies. One point with Gainbridge vs Blueprint- upon maturity Blueprint will assist with a 1035 exchange into any product (company) they represent. With Gainbridge, it appears one can only roll over into another Guggenheim Life product or cash out. Still, both companies provide great options for fixed income, and I plan on further purchases as CDs mature. Section 1035 exchange is a federal law and I believe it is allowed in the law to permit exchanging one annuity for another, as long as the person who holds the contract doesn’t change. Guggenheim MYGAs also offer annuitization option ...

Anyone else get this email— “If you choose to remain on the mutual fund-only platform after September 30, 2022, you'll be charged a $20 annual account service fee for each fund account to offset the costs and complexity of maintaining this system. You'll see a fee of $40.00 in your transaction history. Additionally, your account may lose certain features and functionality over time.” Not really clear why we would see a fee of $40 in our transaction history if the fee is $20 (VTSAX is our only fund) but don’t plan on sticking with the mutual fund account to test what happens. I did NOT get such an email but I am a PAS client as well as having over $1M in accounts with Vanguard. Well, $998,000 as of Friday. I am down this year @$100,000 sinc...

furwut wrote: ↑Sun Aug 14, 2022 3:42 pm

FiveK wrote: ↑Sun Aug 14, 2022 12:29 pm

HENRYGRUGER wrote: ↑Sun Aug 14, 2022 12:21 pm ...I am getting an error message in the Retirement Tab.

Probably need more specifics (e.g., in which cell the error message appears) for a reasonable chance at solving.

Make sure you haven’t added a trailing space to an entry.

In the cell F12 there is a RED Error with an Arrow Pointing to the number 70, cell E 12, which is the age I filed for SS Benefits.

Longinvest...

As I fear when I downloaded your marvelous work product, it doesn't accept my age in the accumulation section (currently 71) and I am getting an error message in the Retirement Tab.

Is it operator error?

100% stock portfolios with regular monthly investments of about 1% are back at all time highs. I can not understand why 100% stocks are considered a high risk portfolio. Yes they may significantly decrease in value, but if you are regularly investing that is a GOOD thing. You buy at lower costs. In a 100% stock portfolio with regular investing, you just bought at a 20-30% discount for the last 8 months. In a 50-50 stock bond portfolio with regular investing, you just bought at a 10-12% discount for the last months. And that is a bear market. In a bull market, the 100% stock portfolio crushes 50-50. And in a longer bear market, you get to buy at a discount for a longer time. This does not even consider inflation risk and the advantage of st...

one is fdic insured. the other is not. money market accounts (at a bank) are fdic insured. money market mutual funds (like vanguard's) are not. ally is fdic. some will pile on and say the money market mutual fund is low risk. that's fine. it's not fdic insured. it's important to understand the difference. money market funds can break the buck. whether the federal government wants to backstop that the next time it happens is another story. this is right from the horse's mouth: You could lose money by investing in the fund. Although the fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation o...

I've been charitable over the years giving to church and numerous other things I support, anywhere from a few thousands of dollars per year to maybe $15k-$20k per year. But a reasonable pace of grants from this DAF would likely far exceed what I've done from my personal accounts...so I need to put some thought into this / think differently. I want to approach this thoughtfully and responsibly. The deceased instructions to me were to "put it to good use" and their typical contribution was $10,000 per year to their church. I plan to increase the contributions to the charities I already support with input from my sister. But I feel like I need to do more research....learn more about the need out there, learn more about charitable or...

This will most likely not be well received, but... I would trust Penn State vs. State of NJ for pension purposes. Unions are shrinking in the US, not growing. Colleges are also changing. Distance learning is not going away. Brick and mortar facilities will become less important but will be here for your working lifetime. You are not promised tomorrow. You only have today. Maximize your current situation. If tomorrow comes, you make adjustments. At your age, you cannot make decisions about your future education with any finality. I completed my MBA at 35, married with two kids. I began my first Doctoral program at 59. As you mature, you will see the benefits in getting an education. It might be a college education but it could also be in an...

I am planning to retire 6-30-2023, but it could be sooner, as I submitted a letter to my institution's President today, voicing "great displeasure" with certain upcoming events, and my letter may have included the phrase "hostile working environment." My letter will meet with one of two eventualities...my concerns will be acknowledged and addressed, and I will entertain an extension of my contract...or it will not be so received, and I will work out my existing contract, which expires 6-20-2023, or be asked to mail my laptop in and be looking for my final paycheck and my cashed out PTO hours. Either way, I am looking forward to 6-30-2023. OK Henry! That's quite a story about telling your boss you're done-and-out, which ...

Stick with Fidelity. Much, much better customer service and benefits for clients. If you like VTSAX, just purchase the ETF version, VTI. As far as Vanguard's "ownership", while it hasn't always been the case, it has become just a meaningless marketing slogan at this point. Personally, I prefer Schwab and their ownership structure. As a publicly-traded company, when they do well, I do well. Both as a client and as a shareholder. And their customer experience and the services provided to clients are, like Fidelity, top notch! Curiosity Question...WHY are you on the Bogleheads Site if you are such a fan of Fidelity? As far as your assertion that VG Mutual Ownership is only a Marketing Ploy, I disagree. Vanguard's success benefits sh...

This will most likely not be well received, but... I would trust Penn State vs. State of NJ for pension purposes. Unions are shrinking in the US, not growing. Colleges are also changing. Distance learning is not going away. Brick and mortar facilities will become less important but will be here for your working lifetime. You are not promised tomorrow. You only have today. Maximize your current situation. If tomorrow comes, you make adjustments. At your age, you cannot make decisions about your future education with any finality. I completed my MBA at 35, married with two kids. I began my first Doctoral program at 59. As you mature, you will see the benefits in getting an education. It might be a college education but it could also be in ano...

Like numerous others have indicated, the only real answer that matters will show itself after a few "standard" paychecks."

FYI...as a General Rule...when you change jobs, the new employer will not take into account what you paid in taxes at the old employer. This occurred to me 5+ times over my careers prior to my current employer. IF, as occurred to me, this results in an over payment of FICA, you simply have a deduction for your 1040 at tax time.

For 2022, all income up to $147,000 is taxed for FICA and Medicare, so it does not appear you will be effected by this.

Congrats on the New Job.

Just to be clear - what type of annuities are you considering? An annuity that will provide you with monthly income for the rest of your lives, like a single premium immediate annuity (SPIA), or an annuity that will grow over time, like a multi year guaranteed annuity (MYGA)? And, for what it’s worth, I don’t believe that you can buy annuities through Vanguard any more. Stinky is correct, Vanguard has exited the annuity business. OP was a bit vague on what type of annuity they were thinking of, but I assume they are looking at a lump sum purchase of a monthly payout annuity. My sole advice to OP is, to carefully consider whether at this point it’s better for you to buy a *life* monthly income annuity versus something like a *10 year fixed ...

Stick with Fidelity. Much, much better customer service and benefits for clients. If you like VTSAX, just purchase the ETF version, VTI. As far as Vanguard's "ownership", while it hasn't always been the case, it has become just a meaningless marketing slogan at this point. Personally, I prefer Schwab and their ownership structure. As a publicly-traded company, when they do well, I do well. Both as a client and as a shareholder. And their customer experience and the services provided to clients are, like Fidelity, top notch! Curiosity Question...WHY are you on the Bogleheads Site if you are such a fan of Fidelity? As far as your assertion that VG Mutual Ownership is only a Marketing Ploy, I disagree. Vanguard's success benefits sh...

I think he had to be collecting SS for her to collect spousal SS benefits on his earnings record. No. If the divorce is at least 2 years in the past, the ex spouse isn't required to already be collecting his benefits. I recall a story where an ex decided to not file for SS so their former spouse couldn’t collect on his record. Has this changed in the last 5 years? It would be to his benefit to delay until age 70 where he gets another 8% for each year he waits. By the ex-wife collecting something on his record before then, it seems reasonable she would get less from his account, because she is collecting for extra years. Possibly the calculations for HER spousal benefit only include the years they were married. The law changed. Spiteful spo...

Watching my step-father. In 1987, he had a one day paper loss of $80,000. In actuality, he never lost a dime, as he never sold anything. He passed away in 2018 at age 93, leaving my sister and I close to $800,000 in mutual funds, the majority of which were in Vanguard Funds. During his working life time, 24 years in the US Army (serving in Korea and Viet Nam) and 16 years as a Capitol Police Officer, I do not think he ever earned more than $2,500 a month. (He retired from the Capitol Police in 1985.) Towards the end of his life, his retire income and his small SS benefits produced @$5,000 monthly income. He started buying mutual funds in 1958-1960. Later in life he bought only no-load investments and he managed them himself. When he passed...

In the '80s, working with this really old guy (now I'm older than he was) who had retired but got wiped out by the Hunt brothers tanking his leveraged position in silver. In the late '90s watching an acquaintance retire with great hoopla in his late '40s: made a fortune day trading. In 2003 he was back to selling industrial products and lost his house. Kind of in parallel I watched the Motley Fool guys as they deftly shifted to the next new, great thing when the former great thing failed. Those top 10 funds and top 10 superstar fund managers...all seemed to completely change year to year. All this got me to the point where I realized that it's a sea of BS out there. In the mid 2000s I got a job where the 401k was at Vanguard. I was astound...

What is the longest successful run of any fund manager? 20 years? Warren Buffett's done it 1965. You could argue size became the major headwind in recent years. But I think the award for outperformance and consistency probably goes to Jim Simons, of Renaissance Technologies, whose Medallion fund's been making 66% annual returns (before fees) since 1982, with virtually no down quarters(?). In 2020, it made a 76% annual return. But in fact, Medallion's really a prime example of minimising risk (by trading everything, and maintaining net 0% market exposure) and using lots of leverage (I believe about 18x). In the UK, a popular retail fund (Capital Gearing Trust, run by Peter Spiller) has been outperforming over the long-term for 40 years, wit...

Watching my step-father. In 1987, he had a one day paper loss of $80,000. In actuality, he never lost a dime, as he never sold anything. He passed away in 2018 at age 93, leaving my sister and I close to $800,000 in mutual funds, the majority of which were in Vanguard Funds. During his working life time, 24 years in the US Army (serving in Korea and Viet Nam) and 16 years as a Capitol Police Officer, I do not think he ever earned more than $2,500 a month. (He retired from the Capitol Police in 1985.) Towards the end of his life, his retirement income and his small SS benefits produced @$5,000 monthly income. He started buying mutual funds in 1958-1960. Later in life he bought only no-load investments and he managed them himself. When he pas...

Rick Ferri wrote: ↑Fri May 27, 2022 8:45 am

HENRYGRUGER wrote: ↑Thu May 26, 2022 9:09 pm Did anyone think to invite JL Collins? He is a BIG VG supporter! Love his book, "The Simple Path to Wealth."

He was invited but fortunately could not make this year's conference due to a prior commitment.

Thanks Rick!

Just read on his Blog Yesterday, big changes coming in his world.

Showed up for a salary negotiation meeting today with all my stuff - company laptop, cell phone, credit card, etc. Announced to the VP and the Sales/Marketing Director I was retiring immediately. Shook hands and got out. Company's longest surviving employee. June would have been 25 years. I turn 55 this spring. :sharebeer Atilla, Assuming you are a guy, "You are THE MAN!" "Showed up for the meeting with all my stuff..." I LOVE IT! Earlier today, I sent a letter to my institution's (academic) President. I explained to him my "concerns" about upcoming "changes." I may have used the terms "hostile work environment" and "disparate treatment." (NO...I am not a minority faculty member.....

Miriam, Put me in line after Suferlife. I am planning to retire 6-30-2023, but it could be sooner, as I submitted a letter to my institution's President today, voicing "great displeasure" with certain upcoming events, and my letter may have included the phrase "hostile working environment." My letter will meet with one of two eventualities...my concerns will be acknowledged and addressed, and I will entertain an extension of my contract...or it will not be so received, and I will work out my existing contract, which expires 6-20-2023, or be asked to mail my laptop in and be looking for my final paycheck and my cashed out PTO hours. Eitherway, I am looking forward to 6-30-2023. My bride of 49 years is a 67 year old retire...

Did anyone think to invite JL Collins? He is a BIG VG supporter! Love his book, "The Simple Path to Wealth."