Search found 12451 matches

by The Wizard
Tue Jan 22, 2019 9:21 pm
Forum: Investing - Theory, News & General
Topic: Your Retirement W/D method and why?
Replies: 27
Views: 1756

Re: Your Retirement W/D method and why?

...What's helpful about it is: it goes contrary to the sometimes held belief that it's a good idea to hold X months or years of expenses in cash in retirement. Keeping funds fully invested will generally work out better, so long as one knows how to deal with Loss Aversion properly... I see a lot of...
by The Wizard
Tue Jan 22, 2019 8:47 pm
Forum: Personal Consumer Issues
Topic: Recommendation for pickup truck?
Replies: 54
Views: 2042

Re: Recommendation for pickup truck?

We have a 4 door F150. I could go on and on about how awesome this truck has been. Bought it new in 2004 and still have it. I would be leery of the newer F150s that have the aluminum frame... To clarify, the frame is still genuine steel. It's all the body panels that are aluminum. My 2004 Ford Rang...
by The Wizard
Tue Jan 22, 2019 8:40 pm
Forum: Investing - Theory, News & General
Topic: Retirement readiness checklist.
Replies: 14
Views: 902

Re: Retirement readiness checklist.

If one has way sufficient income from pensions + annuities + SS to fund all reasonable retirement expenses plus put $1000 per monthon average into their taxable account, without needing to withdraw from portfolio, would that qualify as 100% chance of success?

Or does it need to be more robust?
by The Wizard
Tue Jan 22, 2019 8:19 pm
Forum: Personal Consumer Issues
Topic: Recommendation for pickup truck?
Replies: 54
Views: 2042

Re: Recommendation for pickup truck?

What is his budget? I think up to about $20,000 - preferable less. My (rather upscale) 2016 F-150 cost three times that three years ago. I would generally advise against getting a pickup mostly for show. A regular car should be fine for most folks... $60K for a 2016 F150 4 door pickup? Not quite. I...
by The Wizard
Tue Jan 22, 2019 8:09 pm
Forum: Personal Consumer Issues
Topic: Do you carry gas cans, mowers, string trimmers, etc in your car or SUV?
Replies: 17
Views: 775

Re: Do you carry gas cans, mowers, string trimmers, etc in your car or SUV?

I carry a fully loaded Husqvarna chainsaw in the backseat floor of my pickup much of the time. But I have bar oil and gas mix at both my place and the GF's place so no need to haul those. When I buy propane or five gallons of gasoline from time to time, I either tie the container down in the bed of ...
by The Wizard
Tue Jan 22, 2019 7:42 pm
Forum: Investing - Theory, News & General
Topic: Your Retirement W/D method and why?
Replies: 27
Views: 1756

Re: Your Retirement W/D method and why?

I've read most all the studies and they seem to concentrated mostly on how much one can spend without running out of money, so to me that's for the folks who are living at the margins of their assets. I don't live at the margin of my assets, so it really doesn't matter what kind of withdrawal metho...
by The Wizard
Tue Jan 22, 2019 6:29 pm
Forum: Investing - Theory, News & General
Topic: Retirement readiness checklist.
Replies: 14
Views: 902

Re: Retirement readiness checklist.

I made a detailed spreadsheet of my basic living expenses a few years before retiring in 2013. Fortunately, my basic expenses were less than half of my expected retirement income, so I was able to focus on doing more recreational travel, which was one of the reasons for retiring. Nonetheless, for a ...
by The Wizard
Tue Jan 22, 2019 6:03 pm
Forum: Investing - Theory, News & General
Topic: Your Retirement W/D method and why?
Replies: 27
Views: 1756

Re: Your Retirement W/D method and why?

I'm completing my sixth year of retirement soon. I "pensionized" a good portion of my 403(b) at start of retirement (age 63) and that provides several thousand $$$ per month of lifetime income. Beyond that, I've been withdrawing $3000/month from my tax deferred 403(b) in lieu of SS at age 70, which ...
by The Wizard
Tue Jan 22, 2019 5:27 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard Tax Forms Now Online
Replies: 61
Views: 6154

Re: Vanguard Tax Forms Now Online

Would be good to start a new thread: "2018 Vanguard Tax Forms..."
by The Wizard
Tue Jan 22, 2019 2:02 pm
Forum: Personal Consumer Issues
Topic: Recommendation for pickup truck?
Replies: 54
Views: 2042

Re: Recommendation for pickup truck?

dm200 wrote:
Tue Jan 22, 2019 11:35 am
Jags4186 wrote:
Tue Jan 22, 2019 11:33 am
What is his budget?
I think up to about $20,000 - preferable less.
My (rather upscale) 2016 F-150 cost three times that three years ago.
I would generally advise against getting a pickup mostly for show.
A regular car should be fine for most folks...
by The Wizard
Tue Jan 22, 2019 9:46 am
Forum: Investing - Help with Personal Investments
Topic: Retirement plan “improvements” (Fidelity vs. TIAA)
Replies: 18
Views: 1082

Re: Retirement plan “improvements” (Fidelity vs. TIAA)

...Bottom line for me is, I wish we had more money with TIAA-CREF. Our $60K with them is from accounts with past employers, so we can't add any more. As much as I like to reduce the number of accounts we have, I'm not touching the TIAA-CREF accounts until we decide to start the 10-year clock on TIA...
by The Wizard
Tue Jan 22, 2019 9:41 am
Forum: Investing - Help with Personal Investments
Topic: Retirement plan “improvements” (Fidelity vs. TIAA)
Replies: 18
Views: 1082

Re: Retirement plan “improvements” (Fidelity vs. TIAA)

My TIAA plan has the lowest cost ER tier along with a few good Vanguard index funds: VIMAX and VSMAX among others. Best thing about a TIAA plan may be the option to do an Immediate Annuitization of a portion of your accumulation when it comes time to start a retirement income scheme. I have a combin...
by The Wizard
Tue Jan 22, 2019 9:15 am
Forum: Investing - Help with Personal Investments
Topic: Saving for 1-2 years rather than for a lifetime
Replies: 72
Views: 5574

Re: Saving for 1-2 years rather than for a lifetime

Not everyone "hates" their job in their latter years.
And even if you do, having saved a lot in the 20 years preceding gives you more options at age 50, not fewer...
by The Wizard
Tue Jan 22, 2019 8:57 am
Forum: Personal Finance (Not Investing)
Topic: Has anyone see an inheritance not go as planned? I would like to hear stories from others of what can go wrong.
Replies: 97
Views: 6102

Re: Has anyone see an inheritance not go as planned? I would like to hear stories from others of what can go wrong.

"As planned" is key.
Most would feel good if the inheritance comes in on top of the $1M that the 40-year old recipient has accumulated thus far in his working years.

And then the combined amount continues to grow for several decades to come.

That's the good scenario...
by The Wizard
Tue Jan 22, 2019 3:13 am
Forum: Investing - Help with Personal Investments
Topic: Saving for 1-2 years rather than for a lifetime
Replies: 72
Views: 5574

Re: Saving for 1-2 years rather than for a lifetime

wiserabbit wrote:
Tue Jan 22, 2019 1:52 am

Right. My original post is inspired by topics like “I’m 58 yo; 3M in savings; hate my job; plan to work 2-3 more years and then retire”. That is safe. That is sad...
Financial Independence is sad?
Really?
You sound like an outsider looking in...
by The Wizard
Mon Jan 21, 2019 1:45 pm
Forum: Personal Consumer Issues
Topic: Is it ever worth purchasing an extended warranty for a vehicle?
Replies: 70
Views: 3285

Re: Is it ever worth purchasing an extended warranty for a vehicle?

I bought my first new car in 1975.
I've bought a number of new cars since.
I've never bought an extended warranty.
And at age 69, I'm not starting now...
by The Wizard
Mon Jan 21, 2019 12:32 pm
Forum: Personal Consumer Issues
Topic: Paying thousands per ticket to attend the NFL Super Bowl?
Replies: 138
Views: 6229

Re: Paying thousands per ticket to attend the NFL Super Bowl?

Between those who would pay thousands to attend a super bowl and those who couldn't be paid thousands to attend a super bowl is a cultural gulf a million miles wide. This might be similar the gulf between those who would pay hundreds to attend a live rock concert and those who couldn't be paid hund...
by The Wizard
Mon Jan 21, 2019 12:06 pm
Forum: Personal Consumer Issues
Topic: Men's No-Cotton Travel Pants Suggestions? Other Tips from experienced world travellers?
Replies: 88
Views: 4825

Re: Men's No-Cotton Travel Pants Suggestions? Other Tips from experienced world travellers?

I have always tried to wear cotton clothes when flying. I have heard that polyester will melt in high heat and stick to your skin. Think of burning jet fuel. Just trying to give myself a chance as slim as it may be. :shock: You should be wearing WOOL then. Or asbestos, but it's hard to find asbesto...
by The Wizard
Mon Jan 21, 2019 11:31 am
Forum: Personal Consumer Issues
Topic: Paying thousands per ticket to attend the NFL Super Bowl?
Replies: 138
Views: 6229

Re: Paying thousands per ticket to attend the NFL Super Bowl?

Would have been useful to find out how many Regular Season NFL games people go to before getting their Super Bowl answer. In my case, the one and only NFL game I attended was back in 1970 so I'm not a huge in-person football fan. But I do have Red Sox weekend season tickets since 1986 and attend abo...
by The Wizard
Mon Jan 21, 2019 6:50 am
Forum: Investing - Theory, News & General
Topic: Retirement savings new research
Replies: 29
Views: 5983

Re: Retirement savings new research

To make this work the person must ensure they don't get laid off and must also maintain the physical and mental skills needed to do their job. This can be harder to do then the retirement theorists think. Best point I've seen in a while here. My GF and I have good jobs that pay well. We are respons...
by The Wizard
Mon Jan 21, 2019 6:16 am
Forum: Investing - Help with Personal Investments
Topic: Help with Calculation
Replies: 11
Views: 756

Re: Help with Calculation

Answer uses the same formula as computing monthly payment for a 25 year loan of $160k at 6% constant interest.

The, of course, is an academic exercise since there are no longterm 6% bonds to buy nowadays.

Note: the $160k will grow somewhat between now and June, 2020...
by The Wizard
Sun Jan 20, 2019 10:54 pm
Forum: Investing - Help with Personal Investments
Topic: Highest Guaranteed Return Investment for My 75 Year-Old Dad?
Replies: 27
Views: 2394

Re: Highest Guaranteed Return Investment for My 75 Year-Old Dad?

Guaranteed? I haven't had overall guaranteed returns in anything since I started working full-time in 1973. A nice day S&P 500 index fund beats "guaranteed" 90% of the time and certainly in the long run. That being said, I wouldn't be 100% in stock funds in retirement, but I haven't been for the las...
by The Wizard
Sun Jan 20, 2019 7:13 pm
Forum: Personal Consumer Issues
Topic: Men's No-Cotton Travel Pants Suggestions? Other Tips from experienced world travellers?
Replies: 88
Views: 4825

Re: Men's No-Cotton Travel Pants Suggestions? Other Tips from experienced world travellers?

Sandtrap wrote:
Sun Jan 20, 2019 6:58 pm
...Immunizations?? :confused
Entirely dependent on where you are going.
I was looking at a trip to Mongolia which had recommended immunizations...
by The Wizard
Sun Jan 20, 2019 6:28 pm
Forum: Personal Consumer Issues
Topic: How do you keep a calendar?
Replies: 63
Views: 3003

Re: How do you keep a calendar?

Working on this now. Does anyone print out a week at a time?trying to see which app would let me maintain electronically (so I can schedule out,do repeating events, home maintenance tasks, etc) but print a week at a time, I’d do it each Sunday night just for “chore” type things during the week. "Pr...
by The Wizard
Sun Jan 20, 2019 5:40 pm
Forum: Personal Consumer Issues
Topic: Men's No-Cotton Travel Pants Suggestions? Other Tips from experienced world travellers?
Replies: 88
Views: 4825

Re: Men's No-Cotton Travel Pants Suggestions? Other Tips from experienced world travellers?

For pants, I like Prana cargo pants that unzip into shorts. Agreed on Prana, but also agree with @Stan1 that convertibles are bestial. These are my choice, wear them every day whiile traveling overseas, and they dry while you wear them if you get in a pickle, the Stretch Zion with zippered pockets:...
by The Wizard
Sun Jan 20, 2019 4:21 pm
Forum: Investing - Help with Personal Investments
Topic: Stay the course is hard
Replies: 74
Views: 7379

Re: Stay the course is hard

Staying the course isn't hard, but now that I'm starting to get a decent taxable account for the first time, it involves looking for TLH opportunities as well as monitoring overall AA for rebalancing bands. I should put together a spreadsheet to keep track of my composite actual allocation better: t...
by The Wizard
Sun Jan 20, 2019 1:29 pm
Forum: Personal Consumer Issues
Topic: Men's No-Cotton Travel Pants Suggestions? Other Tips from experienced world travellers?
Replies: 88
Views: 4825

Re: Men's No-Cotton Travel Pants Suggestions? Other Tips from experienced world travellers?

I always get mine though companies that sell outdoor hiking gear like REI. They always have a large selection of non-cotton clothing in various styles. Right. I use convertible cargo pants from Columbia and other companies. They are lightweight, no cotton at all, polyester mostly. Extra pockets all...
by The Wizard
Sun Jan 20, 2019 1:00 pm
Forum: Investing - Help with Personal Investments
Topic: TIAA Traditional, what is it, and death of spouse
Replies: 22
Views: 3058

Re: TIAA Traditional, what is it, and death of spouse

Capricorn51 wrote:
Sun Jan 20, 2019 10:46 am
...You cannot withdraw the principal per se, AFAIK. So you need to ferret out what the distribution option was.
Certainly if you are subject to RMDs, TIAA is required to withdraw the proper amount for you each year, from your "principal" and otherwise...
by The Wizard
Sun Jan 20, 2019 10:27 am
Forum: Personal Consumer Issues
Topic: Ford F-series pickup with 4x4 and 4 doors?
Replies: 31
Views: 2078

Re: Ford F-series pickup with 4x4 and 4 doors?

The rated capacity includes EVERYTHING in the truck, so if the capacity is 2,000lbs, you have to back out your weight and the weight of any passengers and tools and other heavy things that tend to accumulate in a pickup. I won't deny I'm overloading my truck by 600 lbs at times for a one hour trip....
by The Wizard
Sun Jan 20, 2019 9:19 am
Forum: Personal Consumer Issues
Topic: Zero Gravity Chairs
Replies: 8
Views: 977

Re: Zero Gravity Chairs

whodidntante wrote:
Sun Jan 20, 2019 9:13 am
Make sure you get one with a harness so you don't float away.
Indeed!
:P
by The Wizard
Sat Jan 19, 2019 11:39 pm
Forum: Personal Consumer Issues
Topic: Zero Gravity Chairs
Replies: 8
Views: 977

Re: Zero Gravity Chairs

Zero gravity chairs are mandatory on the International Space Station...
by The Wizard
Sat Jan 19, 2019 10:29 pm
Forum: Personal Consumer Issues
Topic: Ford F-series pickup with 4x4 and 4 doors?
Replies: 31
Views: 2078

Re: Ford F-series pickup with 4x4 and 4 doors?

I have a 2015 F-150 SuperCrew 4x4 with the full bed (6’) and 36 gallon gas tank. I had to special order it from Ford, but I love the vehicle. Engine is the 3.5 EcoBoost with 3.55 gears. There is nothing wrong with a turbo engine as long as you are religious about using good gas and changing the oil...
by The Wizard
Sat Jan 19, 2019 2:32 pm
Forum: Investing - Help with Personal Investments
Topic: 2018 Vanguard Roth IRA is $0.08 short
Replies: 11
Views: 1044

Re: 2018 Vanguard Roth IRA is $0.08 short

Next time, setup contributions in round numbers, like $500 every two weeks.
Once you hit the limit, it will stop automatically...
by The Wizard
Sat Jan 19, 2019 12:14 pm
Forum: Personal Finance (Not Investing)
Topic: SS: How do Delayed Retirement Credits work?
Replies: 11
Views: 977

Re: SS: How do Delayed Retirement Credits work?

... But another hint: the "missing" credits are not missing. They simply are not applied immediately. Your initial benefit will show the result of some, or all, of your delayed credits. But then "shortly" any credits not previously applied will indeed show up in your benefit. :D Yes, but the small ...
by The Wizard
Sat Jan 19, 2019 12:02 pm
Forum: Personal Finance (Not Investing)
Topic: SS: How do Delayed Retirement Credits work?
Replies: 11
Views: 977

Re: SS: How do Delayed Retirement Credits work?

Perhaps Mike Piper will chime in but I think what you found is exactly right. You earn DRCs month by month but unless you go all the way to age 70, you don't get the full correct amount until the January following your claim. So if you claim in February, you lose 10 or 11 months of a small DRC incre...
by The Wizard
Sat Jan 19, 2019 10:33 am
Forum: Personal Consumer Issues
Topic: How do you keep a calendar?
Replies: 63
Views: 3003

Re: How do you keep a calendar?

Google Calendar. I have no syncing issues. It's always available - - on the phone, desktop, laptop. I see no need to print it on paper... I use Google calendar also, but its major syncing issue is its inability to show events outside a +/- one year interval on my smartphone app. I have several trav...
by The Wizard
Sat Jan 19, 2019 10:30 am
Forum: Personal Consumer Issues
Topic: How do you keep a calendar?
Replies: 63
Views: 3003

Re: How do you keep a calendar?

Google Calendar. I have no syncing issues. It's always available - - on the phone, desktop, laptop. I see no need to print it on paper... I use Google calendar also, but its major syncing issue is its inability to show events outside a +/- one year interval on my smartphone app. I have several trav...
by The Wizard
Sat Jan 19, 2019 9:53 am
Forum: Personal Consumer Issues
Topic: Ford F-series pickup with 4x4 and 4 doors?
Replies: 31
Views: 2078

Re: Ford F-series pickup with 4x4 and 4 doors?

For Max pulling traction, 2000 lbs of crushed stone in the bed with the elocked differential helps. Just to note, 2,000 pounds of crushed stone in the bed on most F-150s is beyond payload capacities. If you're going to tow, or haul heavy loads, make sure you read up on the payload information in th...
by The Wizard
Sat Jan 19, 2019 9:22 am
Forum: Personal Consumer Issues
Topic: Ford F-series pickup with 4x4 and 4 doors?
Replies: 31
Views: 2078

Re: Ford F-series pickup with 4x4 and 4 doors?

I'm looking for input on getting a Ford 4WD pickup, crew cab, short bed, probably 2014 or 2015. Any comments that push to other years? BTW, this is second vehicle, the primary is a Jeep Grand Cherokee Summit edition, so I'm looking for something to keep up with that in off road performance. I have ...
by The Wizard
Fri Jan 18, 2019 9:39 pm
Forum: Personal Finance (Not Investing)
Topic: TIRA Roth Conversion and Backdoor Roth IRA in the same year possible?
Replies: 32
Views: 1291

Re: TIRA Roth Conversion and Backdoor Roth IRA in the same year possible?

Does anyone know if I would need to withhold taxes for this? Like if I opt not to withhold taxes on the Roth conversion of my pre-tax rollover TIRA, would I need to pay estimated taxes to the government or since this is not a wage / salary / work income I can just pay my total tax at the end of the...
by The Wizard
Fri Jan 18, 2019 1:50 pm
Forum: Personal Consumer Issues
Topic: How do you keep a calendar?
Replies: 63
Views: 3003

Re: How do you keep a calendar?

Google Calendar. I have no syncing issues. It's always available - - on the phone, desktop, laptop. I see no need to print it on paper... I use Google calendar also, but its major syncing issue is its inability to show events outside a +/- one year interval on my smartphone app. I have several trav...
by The Wizard
Thu Jan 17, 2019 10:24 pm
Forum: Personal Finance (Not Investing)
Topic: IRS and fed shutdown and balance due
Replies: 8
Views: 1352

Re: IRS and fed shutdown and balance due

She was negligent.
Just have her pay the $800.
Perhaps she'll pay attention better in years to come...
by The Wizard
Thu Jan 17, 2019 9:45 pm
Forum: Investing - Help with Personal Investments
Topic: would appreciate your thoughts
Replies: 22
Views: 1758

Re: would appreciate your thoughts

$50k seems a lot for a wedding, especially if it stresses your finances.
I would probably rethink that...
by The Wizard
Thu Jan 17, 2019 4:36 pm
Forum: Investing - Help with Personal Investments
Topic: Clearing the decks at age 60 and starting over
Replies: 20
Views: 4065

Re: Clearing the decks at age 60 and starting over

Alkali Ike wrote:
Thu Jan 17, 2019 12:14 pm
Thanks for responding. My annual living expenses will be approximately 20k, with no other sources of income.
$20k seems low.
Does that include things like recreational travel and a new car every so often?
by The Wizard
Thu Jan 17, 2019 1:54 pm
Forum: Personal Finance (Not Investing)
Topic: TIRA Roth Conversion and Backdoor Roth IRA in the same year possible?
Replies: 32
Views: 1291

Re: TIRA Roth Conversion and Backdoor Roth IRA in the same year possible?

As noted "Mega" Roth conversion is incorrect terminology.
It's simply a Roth conversion, whether $1000 or $100,000...
by The Wizard
Thu Jan 17, 2019 10:24 am
Forum: Personal Consumer Issues
Topic: What to do this weekend in Tokyo?
Replies: 19
Views: 1416

Re: What to do this weekend in Tokyo?

I don't yet know much about Japan tourist sites, but I would certainly go out for sushi...
by The Wizard
Wed Jan 16, 2019 5:23 pm
Forum: Personal Finance (Not Investing)
Topic: Have I Now Become Out of Touch Financially? Aging question...
Replies: 90
Views: 11135

Re: Have I Now Become Out of Touch Financially? Aging question...

Yes. You are out of touch. The entirety of SoCal is out of touch. Come visit the midwest or south and see how many people drive 100k-200k cars or live in million dollar houses. Heck, if I see a CPO Mercedes driving around it requires a double take. You would instantly become one of the flashiest pe...
by The Wizard
Wed Jan 16, 2019 9:03 am
Forum: Personal Finance (Not Investing)
Topic: Which Type of Annuities Did You Choose and Why
Replies: 18
Views: 1068

Re: Which Type of Annuities Did You Choose and Why

I'm meeting with an annuity advisor tomorrow to discuss getting an annuity. I'm 66, my wife is 62, and I'm thinking about paying an upfront premium of $500,000 in exchange for a flow of monthly payments beginning at my age 70.... I would only look at IMMEDIATE annuities, not one with X years until ...
by The Wizard
Wed Jan 16, 2019 8:58 am
Forum: Investing - Help with Personal Investments
Topic: Variable annuity, a success story?
Replies: 42
Views: 2033

Re: Variable annuity, a success story?

I like IMMEDIATE Variable Annuities with TIAA.
You annuitize now and lifetime monthly income starts a month from now.

The ones you buy into years before payout begins are harder to analyze...
by The Wizard
Mon Jan 14, 2019 3:29 pm
Forum: Investing - Help with Personal Investments
Topic: TLH is called "Murky"
Replies: 17
Views: 2089

Re: TLH is called "Murky"

When attempting to identify a similar replacement holding, many people overlook the fact that the holding being sold is not the perfect holding for them going forward, and probably was not the perfect holding for them when they bought it. Therefore, they may well be better off with something that h...