Search found 5313 matches

by Leesbro63
Thu Jul 12, 2018 3:51 pm
Forum: Personal Finance (Not Investing)
Topic: Grandpa's 88 and has term life insurance
Replies: 39
Views: 2793

Re: Grandpa's 88 and has term life insurance

NotWhoYouThink wrote:
Thu Jul 12, 2018 3:01 pm
We don't know that his rates will remain constant in the future. IIRC, my term insurance policy would have allowed me to extend it past the 10 year term but at rates that started out high and got higher.
1 This. Are you sure the premiums won’t jump at some point?
by Leesbro63
Mon Jul 09, 2018 5:13 pm
Forum: Personal Consumer Issues
Topic: Neighbor’s Contractor Damaged Adjoining Property
Replies: 30
Views: 2039

Re: Neighbor’s Contractor Damaged Adjoining Property

I’m the OP. Thank you for the replies. I have a better understanding of the situation now and will show this thread to my buddy. If it can’t be worked out amicably, he’ll better know his options. No need to continue with discussion of giving legal advice vs not giving legal advice. I just wanted to ...
by Leesbro63
Mon Jul 09, 2018 2:57 pm
Forum: Personal Consumer Issues
Topic: Neighbor’s Contractor Damaged Adjoining Property
Replies: 30
Views: 2039

Neighbor’s Contractor Damaged Adjoining Property

A very good friend recently had concrete damaged on his property by a contractor’s heavy truck. Who does he go after? My guess is that the contractor will ignore it and have other legal roadblocks. But is the neighbor, himself, perhaps responsible, as the contractor was working as his agent? (I’m ju...
by Leesbro63
Mon Jul 09, 2018 1:44 pm
Forum: Investing - Help with Personal Investments
Topic: $13 Million Goal for Early Retirement (am I crazy?)
Replies: 177
Views: 32240

Re: $13 Million Goal for Early Retirement (am I crazy?)

HSA (paying for current expenses out of pocket and saving receipts): $10K cash at HSA bank $23K invested in Fidelity Total Market Index (FSTVX) with Fidelity as administrator I'm curious, if you are cash-flowing healthcare expenses, why do you have $10k in cash in your HSA? I'm not knocking the dec...
by Leesbro63
Mon Jul 09, 2018 6:26 am
Forum: Investing - Theory, News & General
Topic: WCI blog post - "This Real Estate Bubble - Likely Isn't a Bubble"
Replies: 58
Views: 6491

Re: WCI blog post - "This Real Estate Bubble - Likely Isn't a Bubble"

Gosh. If we've learned one thing from being on the planet and paying a modicum of attention the past 40 years or so, it is this. These types of articles or fun to read and talk about. Period. Don't base huge life decisions on the conclusions within. If you read the blog post, you sadly learn that m...
by Leesbro63
Sun Jul 08, 2018 7:41 pm
Forum: Investing - Theory, News & General
Topic: WCI blog post - "This Real Estate Bubble - Likely Isn't a Bubble"
Replies: 58
Views: 6491

Re: WCI blog post - "This Real Estate Bubble - Likely Isn't a Bubble"

Reply to two posts above: I don’t think certain areas going up qualifies as a true “bubble”. We’ve always had hot real estate areas. They change from time to time. A bubble implies a widespread, huge spurt in prices for a large geographic area.
by Leesbro63
Sun Jul 08, 2018 7:14 pm
Forum: Investing - Theory, News & General
Topic: WCI blog post - "This Real Estate Bubble - Likely Isn't a Bubble"
Replies: 58
Views: 6491

Re: WCI blog post - "This Real Estate Bubble - Likely Isn't a Bubble"

Theoretical wrote:
Sun Jul 08, 2018 7:06 pm
Lending standards being better is totally wrong.

Living in Dallas, we definitely have a bad housing bubble going on right now here. Good news is it looks fairly limited.
Isn’t “limited” the thing that determines whether bubble or not a bubble is not a bubble?
by Leesbro63
Sun Jul 08, 2018 6:27 pm
Forum: Investing - Theory, News & General
Topic: WCI blog post - "This Real Estate Bubble - Likely Isn't a Bubble"
Replies: 58
Views: 6491

Re: WCI blog post - "This Real Estate Bubble - Likely Isn't a Bubble"

Bubble? Maybe in California. No bubble here in the Midwest. Healthy gains, but what bubble?
by Leesbro63
Thu Jul 05, 2018 4:53 pm
Forum: Personal Finance (Not Investing)
Topic: Bogus PayPal Debt Collection Letter
Replies: 2
Views: 358

Bogus PayPal Debt Collection Letter

Today I received a very authentic-looking collection letter from ACI "American Coradius International LLC" attempting to collect $146.91 from an alleged PayPal debt that I (do not) owe. The letter offers to "accept $110.19". if paid immediately. Oddly, the letter is addressed to my current address. ...
by Leesbro63
Wed Jul 04, 2018 8:48 pm
Forum: Personal Finance (Not Investing)
Topic: Do We need health insurance??
Replies: 94
Views: 6089

Re: Do We need health insurance??

How does one accumulate $14m and not recognize huge risk?
by Leesbro63
Mon Jul 02, 2018 2:38 pm
Forum: Investing - Theory, News & General
Topic: Dividends are not coupons(interest)
Replies: 32
Views: 1809

Re: Dividends are not coupons(interest)

I think the issue became an issue due to the rise in popularity of bond mutual funds over the last generation. Until not too many years ago (less than 10), bond fund payments were known as "interest" and reported as "interest" on Federal tax returns. Somewhere about 2012, this changed and bond fund ...
by Leesbro63
Wed Jun 27, 2018 9:56 pm
Forum: Personal Finance (Not Investing)
Topic: "Who's John Bogle?"
Replies: 17
Views: 2343

Re: "Who's John Bogle?"

My experience is that, sadly, very few “average investors” have ever heard of Mr. Bogle.
by Leesbro63
Wed Jun 27, 2018 2:54 pm
Forum: Personal Finance (Not Investing)
Topic: 529 Withdrawal TIming
Replies: 17
Views: 2606

Re: 529 Withdrawal TIming

It sounds like perhaps the IRS has finally gotten up to speed with 529 withdrawals. I haven't seen any comments here lately regarding issues. In the past there were a lot of posts about it.
by Leesbro63
Wed Jun 27, 2018 2:48 pm
Forum: Investing - Theory, News & General
Topic: When does purchasing equities lose its marginal utility?
Replies: 48
Views: 2486

Re: When does purchasing equities lose its marginal utility?

One doesn't know what the future will bring. I caused some rather heated reaction in another thread by stating that if you need to cut back your lifestyle due to relatively common events, then you failed to plan and save properly. People were talking about stuff that I don't consider to be "black s...
by Leesbro63
Wed Jun 27, 2018 2:47 pm
Forum: Investing - Theory, News & General
Topic: When does purchasing equities lose its marginal utility?
Replies: 48
Views: 2486

Re: When does purchasing equities lose its marginal utility?

But I'd argue that you don't know if you win or lose until you're on your deathbed. :thumbsup That was my point as well. You don't know that you had 'enough' until the 'game' is over. True, but if you try to solve for all edge cases you never retire. So pretty much every who retires early makes thi...
by Leesbro63
Wed Jun 27, 2018 2:42 pm
Forum: Investing - Theory, News & General
Topic: The Three-Fund Portfolio
Replies: 2202
Views: 1367915

Re: The Three-Fund Portfolio

For what it's worth, my book arrived from Amazon today. I look forward to reading it. Thank you, Taylor Larimore!
by Leesbro63
Wed Jun 27, 2018 10:54 am
Forum: Investing - Theory, News & General
Topic: When does purchasing equities lose its marginal utility?
Replies: 48
Views: 2486

Re: When does purchasing equities lose its marginal utility?

As to the original question: It's a conundrum. You need the long term horsepower of equities to keep you up with inflation during your remaining lifetime, which might be long. But you don't want the risk of a 1929 or even a 1966 situation. I like the 50/50 solution, although there are those who say ...
by Leesbro63
Wed Jun 27, 2018 9:23 am
Forum: Investing - Theory, News & General
Topic: Factor Investing Makes Someone Money, But Maybe Not You
Replies: 126
Views: 9054

Re: Factor Investing Makes Someone Money, But Maybe Not You

My observation, for what it's worth, is that Rick Ferri has been the "most right" of the financial gurus who have posted here over the years. He stated clearly in 2008 that perhaps this was the last great investment opportunity for pre-retiring Babyboomers. Those who had the guts to buy, or at least...
by Leesbro63
Tue Jun 26, 2018 7:39 am
Forum: Investing - Help with Personal Investments
Topic: Could Annuities be considered Bonds in AA
Replies: 28
Views: 1656

Re: Could Annuities be considered Bonds in AA

Doesn't Mr. Bogle say you need to consider Social Security in your allocation? As if it were a bond? Extrapolating that logic, it would suggest the same for annuities.
by Leesbro63
Mon Jun 25, 2018 4:10 pm
Forum: Personal Finance (Not Investing)
Topic: How to pay college tuition from a 529?
Replies: 56
Views: 5067

Re: How to pay college tuition from a 529?

If you pay grandchild's tuition/fee/room/board college expenses directly to the institution, and then seek 529 reimbursement to yourself, what is the effect on the FAFSA for the child/parents? I believe that if payments from a 529 account are made directly to the institution, this resource would ha...
by Leesbro63
Mon Jun 25, 2018 3:08 pm
Forum: Personal Finance (Not Investing)
Topic: How to pay college tuition from a 529?
Replies: 56
Views: 5067

Re: How to pay college tuition from a 529?

If you pay grandchild's tuition/fee/room/board college expenses directly to the institution, and then seek 529 reimbursement to yourself, what is the effect on the FAFSA for the child/parents? I believe that if payments from a 529 account are made directly to the institution, this resource would ha...
by Leesbro63
Mon Jun 25, 2018 3:05 pm
Forum: Investing - Theory, News & General
Topic: The Three-Fund Portfolio
Replies: 2202
Views: 1367915

Re: The Three-Fund Portfolio

Leesbro63: VTEBX/VTEAX (Tax-Exempt Bond Index) charges a 0.25% load on non-ETF shares. I'd probably go for VWITX (Intermediate-Term Tax-Exempt) or possibly a State Tax-Exempt Fund. We're dancing on the head of a pin. Best wishes. Taylor Wow. I learned something new. I wonder why they charge a load?...
by Leesbro63
Mon Jun 25, 2018 2:14 pm
Forum: Investing - Theory, News & General
Topic: The Three-Fund Portfolio
Replies: 2202
Views: 1367915

Re: The Three-Fund Portfolio

I ordered the book and look forward to it. I wonder how tax-free bonds are treated/suggested. The Three Fund Portfolio, as often referred to here, seems to ignore large taxable portfolios. These, I think, would probably be better served by a tax-free muni bond fund rather than Vanguard Total Bond M...
by Leesbro63
Mon Jun 25, 2018 7:40 am
Forum: Investing - Theory, News & General
Topic: The Three-Fund Portfolio
Replies: 2202
Views: 1367915

Re: The Three-Fund Portfolio

PhilosophyAndrew wrote:
Mon Jun 25, 2018 7:22 am
Doesn’t this depend on which of these two options provides a better affer-tax return?
Yes. That’s why I mentioned “large” taxable portfolios. Implying higher tax brackets.
by Leesbro63
Mon Jun 25, 2018 6:55 am
Forum: Investing - Theory, News & General
Topic: The Three-Fund Portfolio
Replies: 2202
Views: 1367915

Re: The Three-Fund Portfolio

I ordered the book and look forward to it. I wonder how tax-free bonds are treated/suggested. The Three Fund Portfolio, as often referred to here, seems to ignore large taxable portfolios. These, I think, would probably be better served by a tax-free muni bond fund rather than Vanguard Total Bond Ma...
by Leesbro63
Sat Jun 23, 2018 1:08 pm
Forum: Investing - Help with Personal Investments
Topic: Need 3% Steady Income from $1.1 Mil Nest Egg
Replies: 30
Views: 4262

Re: Need 3% Steady Income from $1.1 Mil Nest Egg

Sounds like you are over-complicating this. Half Vanguard Total Market fund and half Vanguard Total Bond Market Fund (or Vanguard Intermediate Tax Exempt) should yield about 3%. If you're short a little, sell a tiny silver to make up the difference.
by Leesbro63
Fri Jun 22, 2018 9:04 am
Forum: Personal Consumer Issues
Topic: Most vs. Least satisfying home impovements
Replies: 35
Views: 3504

Re: Most vs. Least satisfying home impovements

I just spent a whopping $1000 for a professionally installed, room-darkening, motorized window blind, with a remote. I debated long and hard as spending $1000 on a window blind is not very Bogleheadish. It’s turned out to be a homerun, worth every penny. My room is now darkroom dark at night and the...
by Leesbro63
Wed Jun 20, 2018 8:06 am
Forum: Investing - Theory, News & General
Topic: Oh my! Cardone says we need $10m net worth
Replies: 104
Views: 13896

Re: Oh my! Cardone says we need $10m net worth

This article dovetails with THIS article, that says the "average" retiree couple will spend $244,000 in healthcare costs, out of pocket. C'mon. The "average" retiree couple lives on a SS check and in no way will ever even have $244,000, let alone spend it on healthcare, out of pocket. "The average 6...
by Leesbro63
Wed Jun 20, 2018 7:26 am
Forum: Investing - Theory, News & General
Topic: Oh my! Cardone says we need $10m net worth
Replies: 104
Views: 13896

Re: Oh my! Cardone says we need $10m net worth

Who? For a majority of people, $1M to $4M is perfectly reasonable range. Just make sure that the money you received from your withdraw rate is higher than your expenses, the principal money can be recovered again over time through investments/distributions/whatever other methods you choose, and you...
by Leesbro63
Tue Jun 19, 2018 11:05 am
Forum: Personal Consumer Issues
Topic: Article on hotel booking sites - no bargains
Replies: 38
Views: 3918

Re: Article on hotel booking sites - no bargains

ResearchMed wrote:
Mon Jun 18, 2018 6:31 pm
ETA: So we book directly with the hotel, who has the possibility of changing things upon request, which usually the discount websites can't do. No need to use the third parties, who offer nothing extra.

RM
+1. Exactly. I always book direct for the reasons stated.
by Leesbro63
Mon Jun 18, 2018 8:13 am
Forum: Personal Consumer Issues
Topic: Negotiating for a new Toyota.[my fault comparing apples and oranges]
Replies: 36
Views: 3853

Re: Negotiating for a new Toyota.[my fault comparing apples and oranges]

My dealer (not Toyota) didn't allow negotiating (permanent dealer policy), but gave me a $500 discount for going with a color that the manager wanted to move. Then why is he/she your dealer? Are you THAT loyal to spend maybe thousands more because a dealer told you they don’t negotiate? This makes ...
by Leesbro63
Fri Jun 15, 2018 6:41 pm
Forum: Investing - Theory, News & General
Topic: Are Bogleheads smarter than the bond market?
Replies: 40
Views: 4315

Re: Are Bogleheads smarter than the bond market?

I am 70 with a large fixed income allocation that is roughly 1/3 Principal "safe" assets e.g. FDIC products, 1/3 short term bond funds and 1/3 intermediate bond funds. Since asset preservation is my goal and fixed income allocation is so large this allocation suits my needs since rising, lower or s...
by Leesbro63
Fri Jun 15, 2018 12:30 pm
Forum: Personal Finance (Not Investing)
Topic: Question for those who used 529 plans
Replies: 48
Views: 2939

Re: Question for those who used 529 plans

We used our state's guaranteed savings plan in which you buy a number of credits at today's price and they promise to have those number of credits available to you later on. I think we actually did well, although I'm not sure of any specific numbers, because we put in our investment in a lump sum e...
by Leesbro63
Fri Jun 15, 2018 12:28 pm
Forum: Investing - Help with Personal Investments
Topic: Taking $1M+ Long Term Capital Gains
Replies: 73
Views: 7729

Re: Taking $1M+ Long Term Capital Gains

Hi viewer0, I'm in a similar situation with a $1million + capital gain in a taxable account. The gains are in individual stocks and I want to move the money into index funds. I would also like to move a rollover IRA into a Roth IRA, but that may not be feasible since I am 61 (I probably need to hav...
by Leesbro63
Fri Jun 15, 2018 12:26 pm
Forum: Investing - Theory, News & General
Topic: Are Bogleheads smarter than the bond market?
Replies: 40
Views: 4315

Re: Are Bogleheads smarter than the bond market?

Not just recently. This conversation has been going on for at least 10 years. Maybe 15. Dr. Bernstein is right about the risk of anything but shorter term bonds. But he's been wrong about the market. So far. He says "keep your safe money safe" and "take your risk on the equity side", no on the bond ...
by Leesbro63
Fri Jun 15, 2018 10:27 am
Forum: Investing - Help with Personal Investments
Topic: Taking $1M+ Long Term Capital Gains
Replies: 73
Views: 7729

Re: Taking $1M+ Long Term Capital Gains

I’m curious about the long term prospects for the highly appreciated stock in question. My thinking is that if it’s a speculative stock that did well, pay the tax and diversify out. That may be cheaper than continuing the risk that today’s darling will become tomorrow’s dud. But if it’s a solid comp...
by Leesbro63
Fri Jun 15, 2018 8:56 am
Forum: Personal Consumer Issues
Topic: SleepScore App
Replies: 11
Views: 1274

SleepScore App

Anyone else here fool with the SLEEPSCORE app? Frankly I'm having a hard time understanding what to do with my poor sleep scores (about 60). I'm not even sure this is really measuring my sleep accurately, based on noise my iPhone picks up. Nevertheless, I do know that I don't sleep well, and this se...
by Leesbro63
Fri Jun 15, 2018 8:35 am
Forum: Personal Finance (Not Investing)
Topic: Question for those who used 529 plans
Replies: 48
Views: 2939

Re: Question for those who used 529 plans

I mega-funded both of my kids about 17 years ago when 529 plans first became tax free (if used for qualified education expenses). I did the PA TAP "Guaranteed Savings Plan", which is basically a "prepaid" plan, pegged to the cost of Penn State but usable anywhere. Penn State is constantly under fund...
by Leesbro63
Thu Jun 14, 2018 10:22 am
Forum: Investing - Help with Personal Investments
Topic: Taking $1M+ Long Term Capital Gains
Replies: 73
Views: 7729

Re: Taking $1M+ Long Term Capital Gains

While researching exchange funds, it is fairly illiquid for 7 years, that is a bummer. On the other hand, I can think of it as inheritance of my kids, which they will inherit after 7 years. I understand the asset value that one should have ($5M+), but how much can one put in an exchange fund, e.g. ...
by Leesbro63
Thu Jun 14, 2018 6:30 am
Forum: Personal Consumer Issues
Topic: At what point to buy new car for safety
Replies: 95
Views: 9711

Re: At what point to buy new car for safety

That’s a fallacy. Cars today, especially top rated ones (usually Toy/Hon) go to the shop WAY less than “simple” cars of yesteryear. I remember my father keeping a pad and pen, when buying a new car, to list the repairs required for the first service visit. Maintenance was way more frequent. And brea...
by Leesbro63
Wed Jun 13, 2018 3:00 pm
Forum: Personal Consumer Issues
Topic: At what point to buy new car for safety
Replies: 95
Views: 9711

Re: At what point to buy new car for safety

j0nnyg1984 wrote:
Wed Jun 13, 2018 2:24 pm
Never.

I'd prefer to drive a model-t over one of the piece of crap electronic riddled cars of this generation.
Good luck surviving an accident in your Model T, when getting hit by one of the "this generation" cars you reference.
by Leesbro63
Wed Jun 13, 2018 2:58 pm
Forum: Personal Consumer Issues
Topic: Buying CPO Lexus - any advice appreciated
Replies: 22
Views: 1829

Re: Buying CPO Lexus - any advice appreciated

My advice is to buy new. I think that is a possibility. A well-negotiated new 2018 Subaru Outback 3.6R Limited probably costs the same as a poorly negotiated 3-year old Lexus RX350 with similar features. Even a well-negotiated new Lexus might not cost that much more per mile, if anything, than a hi...
by Leesbro63
Wed Jun 13, 2018 1:45 pm
Forum: Personal Consumer Issues
Topic: Buying CPO Lexus - any advice appreciated
Replies: 22
Views: 1829

Re: Buying CPO Lexus - any advice appreciated

My advice is to buy new. I bought a CPO off-lease 2006 RX350 in 2009 from the Lexus dealer. Added an extended warranty. Within the first year I needed brakes and tires. Kept it 3 years. Upon trade in, the same dealer found a panel that had been repainted (prior to my purchase) that, frankly, we neve...
by Leesbro63
Wed Jun 13, 2018 1:38 pm
Forum: Personal Finance (Not Investing)
Topic: Forbes: Millennials Aren't Having Kids Heres Why That's a Problem for Baby Boomer Real Estate and Retirement
Replies: 74
Views: 7248

Re: Forbes: Millennials Aren't Having Kids Heres Why That's a Problem for Baby Boomer Real Estate and Retirement

This doesn't really address the issue of whether Millennial patterns are good or bad. But it's interesting to note that the generation born before The Great Depression often was to large families with lots of kids/siblings. But the birth rate dropped after 1929 thru the end of WW2. Many of us babybo...
by Leesbro63
Wed Jun 13, 2018 11:28 am
Forum: Personal Finance (Not Investing)
Topic: Car Lease for parents
Replies: 37
Views: 2660

Re: Car Lease for parents

Leasing is like taking a 5-6 year loan, with a “put” at 3 years. It’s not like whole life insurance vs term.
by Leesbro63
Tue Jun 12, 2018 10:04 pm
Forum: Investing - Help with Personal Investments
Topic: Taking $1M+ Long Term Capital Gains
Replies: 73
Views: 7729

Re: Taking $1M+ Long Term Capital Gains

Perhaps never sell and never pay cap gains taxes. Ride the market’s ups and downs but hold tight and never pay tax like Warren Buffett. The permanent tax paid is gone forever. Market drops have good probabilities (but, granted, no guarantees) of being only temporary.
by Leesbro63
Tue Jun 12, 2018 9:06 pm
Forum: Personal Finance (Not Investing)
Topic: Car Lease for parents
Replies: 37
Views: 2660

Re: Car Lease for parents

In rethinking this, I'm not totally sure leasing is a bad choice here. First of all, ma and pa are used to driving a General Motors car. Assuming they get another one to be somewhat familiar and comfortable, these cars depreciate horrendously. The leases are usually subsidized. Due to their advanced...
by Leesbro63
Tue Jun 12, 2018 6:34 pm
Forum: Investing - Help with Personal Investments
Topic: Investing when someone else gets all dividends
Replies: 80
Views: 5006

Re: Investing when someone else gets all dividends

Can’t all the beneficiaries (current income beneficiary and current trustees who are the future beneficiaries) agree, in writing, to something that amends the trust and allows for “total return investing”? I’m no lawyer, but if all of the parties agree, is this not legal/doable? Maybe the current in...
by Leesbro63
Tue Jun 12, 2018 11:10 am
Forum: Personal Consumer Issues
Topic: At what point to buy new car for safety
Replies: 95
Views: 9711

Re: At what point to buy new car for safety

The overall driver death rate for all 2011 and equivalent models during 2009-12 was 28 deaths per million registered vehicle years. The overall driver death rate for all 2002 and equivalent models during 2000-03 was 87 deaths per million registered vehicle years. http://www.iihs.org/iihs/topics/dri...