Search found 278 matches

by bb
Sun Feb 04, 2018 12:18 pm
Forum: Investing - Help with Personal Investments
Topic: Retired at 50. Staying 100% in stock Index Funds. Anyone else?
Replies: 153
Views: 13686

Re: Retired at 50. Staying 100% in stock Index Funds. Anyone else?

Can we put all the threads where someone's pension fund covers all there expenses in a single thread similar to the wealth progression thread :D
by bb
Fri Jan 26, 2018 6:53 pm
Forum: Personal Finance (Not Investing)
Topic: Sanity check of SS with less than 35 years earnings
Replies: 31
Views: 3620

Re: Sanity check of SS with less than 35 years earnings

Thank for the responses. Sounds like I am not off base - bottom line was I found it hard to believe anyone's retirement is dialed in to within a few thousand dollars either way - seems like noise - caveat being a reasonable middle class lifestyle.
by bb
Fri Jan 26, 2018 4:02 pm
Forum: Personal Finance (Not Investing)
Topic: Sanity check of SS with less than 35 years earnings
Replies: 31
Views: 3620

Re: Sanity check of SS with less than 35 years earnings

You are missing the point of my thread. I am trying to reconcile some of the posters comments regarding being careful about having 0's in the SS calculation and then looking at the dollar amounts involved and thinking they are small.
by bb
Fri Jan 26, 2018 12:06 pm
Forum: Personal Finance (Not Investing)
Topic: Sanity check of SS with less than 35 years earnings
Replies: 31
Views: 3620

Sanity check of SS with less than 35 years earnings

I often see comments on threads that if someone is considering early retirement that they should consider the reduced social security benefits they will get. Looking at SS benefit formula is seems that after the 2'nd bend point the increases in the SS benefit are so small they seem negligible for so...
by bb
Fri Jan 26, 2018 8:51 am
Forum: Personal Finance (Not Investing)
Topic: What kind of skilled casual work is out there (US)?
Replies: 24
Views: 2564

Re: What kind of skilled casual work is out there (US)?

That job description to me sounds like someone who owns
a company and has professional management running it.
by bb
Fri Jan 12, 2018 8:40 am
Forum: Personal Finance (Not Investing)
Topic: Is it time for me to "call in rich"?
Replies: 75
Views: 12397

Re: Is it time for me to "call in rich"?

TravelforFun wrote:
Thu Jan 11, 2018 7:04 pm
You’re cutting it close.
This analysis seems flawed. No gain for such a long period of time
and then saying a conservative withdrawal rate of 3% - which is
conservative for any age - let alone the age of OP in 2036 seems
to be conservative to the point of ridiculous.
by bb
Sun Jan 07, 2018 9:09 pm
Forum: Personal Finance (Not Investing)
Topic: Life at a crossroad: seeking advice
Replies: 54
Views: 6838

Re: Life at a crossroad: seeking advice

If you need to be employed 40 hrs/wk due to VISA status then how can you quit and pursue passion? If you are really prepared to quit engineering then possibly just consider looking for another job that maximizes doing something interesting vs salary. Not sure if that is practical or not. Seems a lit...
by bb
Fri Dec 29, 2017 9:13 pm
Forum: Personal Finance (Not Investing)
Topic: Another should i buy my dream porsche thread...
Replies: 240
Views: 11260

Re: Another should i buy my dream porsche thread...

Coachrhino11 wrote:
Fri Dec 29, 2017 8:02 pm
drive boring Camry, can’t imagine.
Hey - I really like my camry!
by bb
Wed Dec 20, 2017 10:39 pm
Forum: Investing - Help with Personal Investments
Topic: Just downsized at age 60...input appreciated
Replies: 56
Views: 5231

Re: Downsized at age 60. Input appreciated.

There is more to investing than just Couch Potato Portfolios so you get the cheapest fee. That's penny wise, pound foolish. I take issue with a lot of the investing advice contained in that post. Investing in equities is risky. There is no magic bullet to protect yourself other than reduce your exp...
by bb
Sun Sep 17, 2017 9:42 am
Forum: Investing - Help with Personal Investments
Topic: Access to 401k at age 55
Replies: 12
Views: 1474

Re: Access to 401k at age 55

Well - I guess I was thinking whenever I retire I will have enough taxable to bridge 5 years in order to access Roth IRA conversion amounts. But you are correct - being able to freely access the IRA money at 55 is what I would really prefer.
by bb
Sat Sep 16, 2017 8:52 pm
Forum: Investing - Help with Personal Investments
Topic: Access to 401k at age 55
Replies: 12
Views: 1474

Re: Access to 401k at age 55

I guess my assumption at this point is I will be doing a rollover to an IRA and then a series of ROTH conversions.
by bb
Sat Sep 16, 2017 11:33 am
Forum: Investing - Help with Personal Investments
Topic: Access to 401k at age 55
Replies: 12
Views: 1474

Re: Access to 401k at age 55

As an aside - can anyone comment on even if you qualify for distributions from a 401k, say at 59 1/2, only being able to do distributions as follows. Surprised there is what appears to be so little flexibility in withdrawals: A series of installment payments paid to you either annually, semi-annuall...
by bb
Sat Sep 16, 2017 10:54 am
Forum: Investing - Help with Personal Investments
Topic: Access to 401k at age 55
Replies: 12
Views: 1474

Re: Access to 401k at age 55

Yes - I was talking about if you retire at 55. On the other hand it seems even if you work until 59 1/2 the options for distributions are limited - lump sum, SEPP. I had assumed after reaching 59 1/2 you could access 401k account balances any way you want - but that also appears to not be the case -...
by bb
Sat Sep 16, 2017 10:43 am
Forum: Investing - Help with Personal Investments
Topic: Access to 401k at age 55
Replies: 12
Views: 1474

Access to 401k at age 55

My 401k plan document does not appear to allow access to 401k plan at age 55. So does the IRS allow this and some plans just don't? Looks like the only option before 59 1/2 is to take a total distribution / roll-over. Was originally thinking would be nice to have some flexibility of accessing money ...
by bb
Mon Jul 10, 2017 11:42 am
Forum: Personal Finance (Not Investing)
Topic: early retirement, asset location
Replies: 9
Views: 1331

Re: early retirement, asset location

Sooner or later I will hit upon the right question - if you want x dollars to spend
how do you arrive at how much money you need saved up between y taxable
and z tax deferred accounts.
by bb
Mon Jul 10, 2017 9:31 am
Forum: Personal Finance (Not Investing)
Topic: early retirement, asset location
Replies: 9
Views: 1331

Re: early retirement, asset location

Guess I was thinking there are 2 issues here - accessing retirement accounts before 59 1/2 and how to go about spending money from taxable/tax deferred accounts which obviously affects taxes. If notionally you could live on 3% of assets how to think about tax rates and asset location to figure out h...
by bb
Sun Jul 09, 2017 9:27 pm
Forum: Personal Finance (Not Investing)
Topic: early retirement, asset location
Replies: 9
Views: 1331

early retirement, asset location

Hypothetical question - if you were to reach a number whereby you thought
you could support your needed expenses at a 3% withdrawal rate would it
matter in terms of early retirement if the assets were 100/0, 50/50, or 0/100
taxable/tax deferred accounts?
by bb
Sat May 27, 2017 8:13 pm
Forum: Personal Consumer Issues
Topic: "sport short" workout/jogging shorts
Replies: 5
Views: 906

Re: "sport short" workout/jogging shorts

Sorry - didn't mean to imply that no one is making cotton shorts. I measured
my old shorts - 5" inseam. Recently bought a pair at Champion and they were 9" inseam.
Seems like no one i making shorts that are short anymore.
by bb
Sat May 27, 2017 1:08 pm
Forum: Personal Consumer Issues
Topic: "sport short" workout/jogging shorts
Replies: 5
Views: 906

"sport short" workout/jogging shorts

I always roll my eyes when people post topics such as this so here goes... Looking for 100% cotton shorts, navy, elastic waste, slightly less than mid thigh length (jogging short). Aware of Champion Brand - not crazy about weight (too light) and design/fit. Seems like they used to be common in place...
by bb
Wed May 24, 2017 7:54 am
Forum: Personal Finance (Not Investing)
Topic: Insurance: To what extent does company matter
Replies: 3
Views: 659

Insurance: To what extent does company matter

Currently have auto through State Farm. Another company is quoting 30% less. Granted we are not talking large sums of money here. I have never put in an auto claim. To what extent does it matter which company is behind your car insurance and if it really matters how would you go about deciding which...
by bb
Tue May 09, 2017 10:19 pm
Forum: Investing - Help with Personal Investments
Topic: Retire Early?? Need a sense check
Replies: 42
Views: 9199

Re: Retire Early?? Need a sense check

I'm not sure how closely an estimate done today with AnyPIA, at say age 55 and stopping work at 55 will differ from an estimate say 5 years in the future when there would be a new version of AnyPIA with a new NAWI value (with 5 years of increases) to use for the index factors and new bend points. C...
by bb
Mon May 08, 2017 9:19 pm
Forum: Investing - Help with Personal Investments
Topic: Retire Early?? Need a sense check
Replies: 42
Views: 9199

Re: Retire Early?? Need a sense check

At full retirement age (67):
$2,906 a month
At age 70:
$3,608 a month
At early retirement age (62):
$2,000 a month
I thought redution was 25% at 62? $2k is about a 45%
reduction.
by bb
Mon May 08, 2017 7:59 am
Forum: Investing - Help with Personal Investments
Topic: Retire Early?? Need a sense check
Replies: 42
Views: 9199

Re: Retire Early?? Need a sense check

I guess I would be interested in OP's AA and plan if there is a significant decline in taxable account. Is it clear that spending down taxable is better than ROTH conversions from a tax stand point. Is there value in treating taxable/tax defferred accounts as separate with regards to retirement plan...
by bb
Sun Feb 19, 2017 12:16 pm
Forum: Investing - Theory, News & General
Topic: economics of landlording
Replies: 47
Views: 5736

Re: economics of landlording

Does that maintenance cover new furnace, new roof?
Certainly that kid of return does not sound great on the
face of it. Do you expect the house to appreciate?
by bb
Sat Feb 18, 2017 12:30 pm
Forum: Personal Finance (Not Investing)
Topic: life insurance vs extended warranties
Replies: 8
Views: 750

life insurance vs extended warranties

The general consensus is extended warraties are not a good deal. General wisdom is manufacturers make money on the agreements so a consumer would be better off not buying them. Wondered to what extent this is similar with life insurance. Companies price the policies knowing they will make a profit. ...
by bb
Sun Feb 12, 2017 10:03 pm
Forum: Investing - Theory, News & General
Topic: Why go with an 80% stock / 20% bond portfolio?
Replies: 360
Views: 37656

Re: Why go with an 80% stock / 20% bond portfolio?

anticipate staying 100% equities until I'm 45 (10 years from tentative retirement), at which point I'll likely shift to around 70/30.
Thank you. That certainly helps me frame the discussion which I thought was lacking.
by bb
Sun Feb 12, 2017 8:39 pm
Forum: Investing - Theory, News & General
Topic: Why go with an 80% stock / 20% bond portfolio?
Replies: 360
Views: 37656

Re: Why go with an 80% stock / 20% bond portfolio?

OP: Please indulge me on extending your asset allocation model from
from 20's to 60's. Please list your assumptions.
by bb
Sun Feb 12, 2017 11:35 am
Forum: Investing - Theory, News & General
Topic: Why go with an 80% stock / 20% bond portfolio?
Replies: 360
Views: 37656

Re: Why go with an 80% stock / 20% bond portfolio?

Ok - even if we concede that 100/0 vs 80/20 might not drive any different
behavior in the 20s-30s - walk me through 40s-60s assuming no employment
contract, no defined benefit retirement plan, no employer provided health
insurance. When does the allocation to fixed income start?
by bb
Sat Feb 11, 2017 11:17 pm
Forum: Investing - Theory, News & General
Topic: Why go with an 80% stock / 20% bond portfolio?
Replies: 360
Views: 37656

Re: Why go with an 80% stock / 20% bond portfolio?

OP: Have you ever worked for a Fortune 500 Company?
by bb
Sat Feb 11, 2017 11:51 am
Forum: Investing - Theory, News & General
Topic: Why go with an 80% stock / 20% bond portfolio?
Replies: 360
Views: 37656

Re: Why go with an 80% stock / 20% bond portfolio?

I have very strong job security (civil service)
OP - do you have a defined benefit pension coming your way? Boy that sure would
be a relevant factor affecting need/ability/desire to take risk.
by bb
Sat Feb 11, 2017 11:45 am
Forum: Investing - Theory, News & General
Topic: Why go with an 80% stock / 20% bond portfolio?
Replies: 360
Views: 37656

Re: Why go with an 80% stock / 20% bond portfolio?

What does the time frame have to do it, unless you're preparing to use your capital as a big emergency fund? If you are forced to retire your capital is all you have to live on. Conversely, if you don't have at least 25 times your desired income, retirement isn't going to catch you by surprise. If ...
by bb
Sat Feb 11, 2017 8:42 am
Forum: Investing - Theory, News & General
Topic: Why go with an 80% stock / 20% bond portfolio?
Replies: 360
Views: 37656

Re: Why go with an 80% stock / 20% bond portfolio?

Summary: 1) OP didn't find any merit to 80/20 portfolio vs 100/0 in terms of reduced volatility being convincing 2) If you invest in stocks you need non-stock funds to weather a bear market - call it 5 years 3) As you get older you never know when you are going to be unemployed/underemployed/retired...
by bb
Fri Feb 10, 2017 7:22 pm
Forum: Investing - Theory, News & General
Topic: Why go with an 80% stock / 20% bond portfolio?
Replies: 360
Views: 37656

Re: Why go with an 80% stock / 20% bond portfolio?

I'm not determined to prove a point, but I have yet to hear a convincing argument that the typical investor
You have heard several reasons. You just don't agree with them.
by bb
Sun Feb 05, 2017 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: Do you account for likely life expectancy in retirement?
Replies: 63
Views: 5899

Re: Do you account for likely life expectancy in retirement?

Practically speaking I don't see how you can factor life expectancy
into retirement planning because it is something that will always
be unkown. If you had some certainty that you can withdraw
(x)% over a period of (y) years that would be one thing, but I don't
believe that is the case.
by bb
Sun Feb 05, 2017 11:31 am
Forum: Investing - Help with Personal Investments
Topic: duration: vanguard intermediate bond vs NY long term
Replies: 3
Views: 585

duration: vanguard intermediate bond vs NY long term

The vanguard intermediate bond has a duration and average maturity close to each other (6.5,7.2) while the new york state long term fund show (17.4,6.6). So I am confused why one fund is considered intermediate and the other fund is considered long term. For investing purposes would you put the inte...
by bb
Sat Feb 04, 2017 9:00 am
Forum: Personal Finance (Not Investing)
Topic: How much will i need to retire in my apartment in nyc?
Replies: 35
Views: 4617

Re: How much will i need to retire in my apartment in nyc?

If I were willing to draw down the principle and need to plan to live to 100 (grandparents died in late 90's) what would that be?
4% withdrawal adjusted for inflation (real) does assume you are drawing
down the principal.
by bb
Thu Feb 02, 2017 9:34 am
Forum: Personal Finance (Not Investing)
Topic: How much will i need to retire in my apartment in nyc?
Replies: 35
Views: 4617

Re: How much will i need to retire in my apartment in nyc?

2.5% average inflation, 1.025^20= 1.64 3.0% average inflation, 1.03^20=1.8 3.5% average inflation, 1.035^20=1.99 Take a guess at inflation and there is your multiple of today's dollars needed in 20 years. 4% withdrawal rate for today's $1.25M ($50k) will need to be $2.25M in 20 years assuming 3% inf...
by bb
Thu Jan 05, 2017 9:07 pm
Forum: Personal Consumer Issues
Topic: Can you recommend a good food scale?
Replies: 14
Views: 992

Re: Can you recommend a good food scale?

+1 for oxo (think mine might be 11#max)
by bb
Sun Nov 13, 2016 6:26 pm
Forum: Personal Finance (Not Investing)
Topic: How much is business worth?
Replies: 49
Views: 5640

Re: How much is business worth?

No one is going to invest $250k to make $40k a year
I have wondered to what extent small businesses that are for sale are akin
to buying a job.
by bb
Sat Oct 29, 2016 7:51 pm
Forum: Personal Consumer Issues
Topic: Valuation of Commercial Property
Replies: 11
Views: 1296

Re: Valuation of Commercial Property

I know someone who offered seller financing - buyer eventually stopped paying
and it took several years to get the property back. No I am not kidding.
by bb
Sat Aug 27, 2016 11:25 am
Forum: Investing - Theory, News & General
Topic: "How to Tell if Your Retirement Nest Egg Is Big Enough"
Replies: 61
Views: 16145

Re: "How to Tell if Your Retirement Nest Egg Is Big Enough"

with 20-25 years worth of residual expenses in "safe" fixed income In the age of no pensions having 20-25 years invested with no risk does not seem practical for middle class. Think that would translate into never retiring or maybe retiring at 65. A plan to work until 65 for Fortune 500 companies s...
by bb
Sun May 08, 2016 1:12 pm
Forum: Investing - Theory, News & General
Topic: Got a Question for Jack Bogle? Post it Here.
Replies: 88
Views: 13144

Re: Got a Question for Jack Bogle? Post it Here.

Where are answers to questions posted?
by bb
Fri Apr 22, 2016 5:50 pm
Forum: Personal Finance (Not Investing)
Topic: withdrawing money from 401k plan at 55
Replies: 3
Views: 713

withdrawing money from 401k plan at 55

I was wondering if all 401k plans allow you to leave employment at 55 and
take distributions penalty free? My plan document doesn't mention being
able to do that. Are the rules governing this set by the plan or IRS?
by bb
Sat Feb 13, 2016 6:00 pm
Forum: Personal Finance (Not Investing)
Topic: deducting government obligation income from NYS income tax
Replies: 13
Views: 1046

Re: deducting government obligation income from NYS income tax

Thanks for help. Would be nice if when you called the tax department ....
by bb
Fri Feb 12, 2016 6:30 pm
Forum: Personal Finance (Not Investing)
Topic: deducting government obligation income from NYS income tax
Replies: 13
Views: 1046

Re: deducting government obligation income from NYS income tax

Hodor wrote:Bond interest payments are not qualified dividends and are taxed at your ordinary interest rate. Only qualified dividends from US and some foreign stocks are taxed at the capital gains rate.
I didn't say they were qualified dividends but they do appear on the 1099-DIV as dividends.
by bb
Fri Feb 12, 2016 6:28 pm
Forum: Personal Finance (Not Investing)
Topic: deducting government obligation income from NYS income tax
Replies: 13
Views: 1046

Re: deducting government obligation income from NYS income tax

S-121 Certain investment income from U.S. government agencies Enter any interest or dividend income on bonds or securities of any U.S. authority, commission, or instrumentality that is exempt from state income taxes under federal laws (but included in federal income). https://www.tax.ny.gov/pdf/cur...
by bb
Fri Feb 12, 2016 5:01 pm
Forum: Personal Finance (Not Investing)
Topic: deducting government obligation income from NYS income tax
Replies: 13
Views: 1046

Re: deducting government obligation income from NYS income tax

(Certainly not trying to argue - still a question) Line 28 of IT-201 is Interest Income on US government bonds If you go under the instructions for Line 28 it says: Did you include interest income from U.S. government bonds or other U.S. government obligations on lines 2, 6, or 11? If No, go to line...
by bb
Fri Feb 12, 2016 3:35 pm
Forum: Personal Finance (Not Investing)
Topic: deducting government obligation income from NYS income tax
Replies: 13
Views: 1046

Re: deducting government obligation income from NYS income tax

So would you have to also move that income on the federal 1040 from from dividends to income? Obviously that would not be a favorable thing to do as you would pay federal income tax rates on that money vs capital gains and dividends rate? Issue is NYS says only include income from line 2 - interest ...
by bb
Fri Feb 12, 2016 2:48 pm
Forum: Personal Finance (Not Investing)
Topic: deducting government obligation income from NYS income tax
Replies: 13
Views: 1046

deducting government obligation income from NYS income tax

I hold vanguard intermediate term bond index in a taxable account. Fund holds >50% assets with US government obligations. The income is reported as ordinary dividends (1099-DIV). According to NYS income from US government bonds can be deducted but only if it is reported as interest income - not divi...