Search found 292 matches

by bb
Thu Sep 20, 2018 8:42 pm
Forum: Investing - Help with Personal Investments
Topic: Im going to die somewhere between Bankruptcy and $20 million
Replies: 31
Views: 6014

Re: Im going to die somewhere between Bankruptcy and $20 million

If you continue to be a decent saver and not a big spending I don't see how you won't make out ok unless there is a doomsday scenario. But if that happens how exactly do you think you could protect yourself?
by bb
Sat Sep 08, 2018 3:19 pm
Forum: Personal Consumer Issues
Topic: Buying a new Toyota Camry. What extra options if any?
Replies: 53
Views: 2991

Re: Buying a new Toyota Camry. What extra options if any?

Don't drive the v6 - it isn't an option on the LE. And after you
drive a v6 it is hard to want the 4 cylinder.
by bb
Tue Aug 07, 2018 8:36 pm
Forum: Personal Finance (Not Investing)
Topic: Personal liability issues as a result of hiring uninsured & unlicensed handyman
Replies: 33
Views: 3699

Re: Personal liability issues as a result of hiring uninsured & unlicensed handyman

Wouldn't the owner of the home have to somehow be negligent of something to win a judgement against? If I go to my neighbors house, clime a tree and fall out are you saying no jury would argue I was responsible for my actions? Not at all?
by bb
Wed Jul 25, 2018 6:32 am
Forum: Personal Finance (Not Investing)
Topic: Passing the second SSA Bend Point - Reversible?
Replies: 53
Views: 4894

Re: Passing the second SSA Bend Point - Reversible?

If past wages and the bend points use the same indexing I don't see how once you meet the 2'nd bend point you could ever not meet it at some point in the future.
by bb
Sun Jun 24, 2018 10:12 am
Forum: Personal Finance (Not Investing)
Topic: Retire at 50: Should I?
Replies: 93
Views: 12814

Re: Retire at 50: Should I?

The issue of health care seems somewhat unsolvable. I don't get the impression that most companies want folks sticking around until 65 at which point they are eligible for medicare.
by bb
Wed May 16, 2018 8:23 pm
Forum: Investing - Theory, News & General
Topic: Why do so many people quote "You will likely be in a lower tax bracket in retirement"
Replies: 550
Views: 37851

Re: Why do so many people quote "You will likely be in a lower tax bracket in retirement"

Not definitive but I always assumed having to pay too much taxes when retired would be a good problem to have.
by bb
Wed May 16, 2018 5:38 am
Forum: Personal Consumer Issues
Topic: Planned Summer trip to the Finger Lakes. Suggestions?
Replies: 8
Views: 817

Re: Planned Summer trip to the Finger Lakes. Suggestions?

Nestegg_User wrote:
Tue May 15, 2018 10:52 pm
Thousand Islands ????

that’s nowhere near the Finger Lakes region
jkushne1 wrote:
Tue May 15, 2018 7:06 pm
Or if not the finger lakes, somewhere else
by bb
Tue May 15, 2018 10:15 pm
Forum: Personal Consumer Issues
Topic: Planned Summer trip to the Finger Lakes. Suggestions?
Replies: 8
Views: 817

Re: Planned Summer trip to the Finger Lakes. Suggestions?

Wineries are something to do along the Finger Lakes - although not sure that meets your kid friendly definition. Both Ithaca and Watkins Glenn have nice gorges. Ithaca is college town with Cornell University there and is nice for a visit. Not sure about staying a week in any one place but Corning ha...
by bb
Fri May 04, 2018 6:20 pm
Forum: Investing - Theory, News & General
Topic: LMP vs 3-Fund SWR
Replies: 7
Views: 614

Re: LMP vs 3-Fund SWR

LMP - Liability Matching Portfolio.

I realize SWR is a guideline - but for those of us retiring with our own investments we all have to eat. So there is an assumed floor that one cannot go below. If you read between the lines I have suggested a flexible withdrawal strategy.
by bb
Fri May 04, 2018 4:53 pm
Forum: Investing - Theory, News & General
Topic: LMP vs 3-Fund SWR
Replies: 7
Views: 614

LMP vs 3-Fund SWR

So if scenario #1 is 3 fund portfolio, 2% would cover needs, 3% would allow for some discretionary spending and 4% would allow for a lot more discretionary spending at say age 50 would the implications scenario #2 with LMP covering needs result in potentially working much longer or accepting a much ...
by bb
Fri Apr 20, 2018 12:30 pm
Forum: Personal Finance (Not Investing)
Topic: 2.5% Withdrawal for 50 Years With 50/50 Portfolio?
Replies: 121
Views: 10066

Re: 2.5% Withdrawal for 50 Years With 50/50 Portfolio?

I would be really surprised if anyone with 3M would put 1/2 into a SPIA.
by bb
Fri Apr 20, 2018 11:33 am
Forum: Personal Finance (Not Investing)
Topic: 2.5% Withdrawal for 50 Years With 50/50 Portfolio?
Replies: 121
Views: 10066

Re: 2.5% Withdrawal for 50 Years With 50/50 Portfolio?

Part of the debate here seems to be concepts of safe and flexibility. The OP asked about safety yet the ensuing discussion brought in concept spending being flexible. Victoria focused on safety. Focusing on safety or emphasizing flexibility seems to drive two vastly different discussions.
by bb
Fri Apr 06, 2018 1:38 pm
Forum: Investing - Theory, News & General
Topic: Trying the Impossible - Financing 30-Year Retirements with 40-Year Careers
Replies: 118
Views: 18027

Re: Trying the Impossible - Financing 30-Year Retirements with 40-Year Careers

bobcat2 wrote:
Fri Apr 06, 2018 11:57 am
No. The worry is that people are not working long enough, given longer life expectancy at age 65.

BobK
I was just commenting based on a fair amount of discussion in this thread that if you have a high
savings rate you can't retire early if everyone else has a high savings rate.
by bb
Fri Apr 06, 2018 11:49 am
Forum: Investing - Theory, News & General
Topic: Trying the Impossible - Financing 30-Year Retirements with 40-Year Careers
Replies: 118
Views: 18027

Re: Trying the Impossible - Financing 30-Year Retirements with 40-Year Careers

Of all the things to worry about in the universe - worrying about your typical
American saving too much money?

I have not read any stories suggesting consumers are not doing anything but
consuming with consumer debt at record levels.
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: 16266

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: 4105

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: 4105

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: 4105

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: 2803

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: 13113

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: 7400

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: 14317

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: 5865

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: 1587

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: 1587

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: 1587

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: 1587

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: 1587

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: 1430

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: 1430

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: 1430

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: 981

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: 981

"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: 721

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: 9857

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: 9857

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: 9857

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: 6221

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: 826

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: 43719

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: 43719

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: 43719

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: 43719

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: 43719

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: 43719

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: 43719

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: 43719

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: 6249

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: 629

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...