Search found 6108 matches

by midareff
Wed Apr 24, 2019 9:28 am
Forum: Personal Finance (Not Investing)
Topic: Whats the Point of Climbing the Corporate Ladder?
Replies: 53
Views: 2955

Re: Whats the Point of Climbing the Corporate Ladder?

Because you will be fired to make room for the people that you are blocking behind you. Where I work, the inverse is actually true. The higher you climb, the easier it is for you to be fired. +1 Seen directors and VP level people walked out the door. Yup...... seen IT crews come in and carry off yo...
by midareff
Wed Apr 24, 2019 9:25 am
Forum: Personal Investments
Topic: Close Vanguard and go all in with Fidelity?
Replies: 55
Views: 2160

Re: Close Vanguard and go all in with Fidelity?

I have accounts at both, FWIW. All of my core taxable and IRA investment portfolios are at Vanguard, that's about 93% of total. The remaining 7% is in a Roth at Fidelity which I use as my play account, and track and play momentum from 75 sector and geographic funds they have available. Yes, they are...
by midareff
Mon Apr 22, 2019 11:33 am
Forum: Personal Investments
Topic: Getting through a 2008-like crash during retirement
Replies: 38
Views: 3736

Re: Getting through a 2008-like crash during retirement

My retirement plan involves splitting my savings between bond funds (such as VWIUX) and index funds (such as VFIAX). Bonds will give me 5% to 6% annual interest, which I can use to pay for part of my living expenses. I can sell up to 4% of index funds annually "to create my own dividend". I have sa...
by midareff
Sun Apr 21, 2019 9:40 am
Forum: Investing - Theory, News & General
Topic: Re-Examining an assumption: 45% bonds in retirement?
Replies: 66
Views: 5841

Re: Re-Examining an assumption: 45% bonds in retirement?

If the change in bond % is for safety as you near the end of your earning years, what does yield have to do with it? I would increase my amount of monthly savings if the bond yield jepardized my retirement timeline. I am retired and have a 50% bond allocation. The amount of yield is not the reason ...
by midareff
Sun Apr 21, 2019 9:32 am
Forum: Personal Consumer Issues
Topic: Tips for getting the most out of your cruise?
Replies: 60
Views: 3820

Re: Tips for getting the most out of your cruise?

[ quoted post removed by admin LadyGeek] In my experience this is most typical of the Caribbean cruises since those tend to be cheapest. And more prevalent on Carnival than other lines. I did Norwegian's Boston to Bermuda and it was as you described. Dozens of morbidly obese people riding mobility ...
by midareff
Sun Apr 21, 2019 7:38 am
Forum: Personal Consumer Issues
Topic: Tips for getting the most out of your cruise?
Replies: 60
Views: 3820

Re: Tips for getting the most out of your cruise?

[ quoted post removed by admin LadyGeek] If you want your pick of tables at dining be a bit early. For ground excursions and such reserve early as the more popular ones may get fully reserved. We have found at sea days are the best for reserving a specialty restaurant, so booking early helps. Bring...
by midareff
Mon Apr 15, 2019 12:53 pm
Forum: Personal Consumer Issues
Topic: Newbie international traveler
Replies: 62
Views: 3232

Re: Newbie international traveler

Converters and chargers for cells, tablets, cameras. Very comfortable shoes.. and avoid the lug type soles which can catch on uneven surfaces. Flat sole sneakers recommended for long days on your feet. Download area maps before hand on Here We Go, snap a screen print before you leave your hotel so y...
by midareff
Mon Apr 15, 2019 12:27 pm
Forum: Personal Investments
Topic: Too much cash?
Replies: 9
Views: 1371

Re: Too much cash?

If you're worried about tax brackets you could also consider a bond fund that gives you a tax break like a muni fund or something like that; depends on your state and what you really need out of it. Very much so.... as I recall VWIUX has out performed VBTLX on a pre let alone post tax basis regardl...
by midareff
Mon Apr 15, 2019 11:41 am
Forum: Investing - Theory, News & General
Topic: Home equity as % of AA
Replies: 41
Views: 2884

Re: Home equity as % of AA

)% .... I count only assets at Vanguard and Fidelity.
by midareff
Mon Apr 15, 2019 11:06 am
Forum: Personal Consumer Issues
Topic: Do You Give Money to Panhandlers?
Replies: 38
Views: 1839

Re: Do You Give Money to Panhandlers?

I never give money to panhandlers or beggars. I do leave donations at churches and temples, synagogues, wats and so forth when we are traveling. I also donate about 3% or so of AGI to a combination of charities that help needy children medically, such as Fred Hollows Foundation, Operation Smile, St....
by midareff
Mon Apr 15, 2019 8:50 am
Forum: Personal Investments
Topic: Retirement Planning with Pension
Replies: 18
Views: 2075

Re: Retirement Planning with Pension

I had a 457 (b) at my municipal employer (into Tier 5) until retirement. I was at max contribution for about 22 years. I also had a D.R.O.P. plan there as well and used it for 29 months after age 62, until retirement. I was also saving into my Roth and as much as I could into taxable. I retired and...
by midareff
Mon Apr 15, 2019 7:58 am
Forum: Personal Investments
Topic: Retirement Planning with Pension
Replies: 18
Views: 2075

Re: Retirement Planning with Pension

I had a 457 (b) at my municipal employer (into Tier 5) until retirement. I was at max contribution for about 22 years. I also had a D.R.O.P. plan there as well and used it for 29 months after age 62, until retirement. I was also saving into my Roth and as much as I could into taxable. I retired and ...
by midareff
Mon Apr 15, 2019 7:44 am
Forum: Personal Consumer Issues
Topic: Worry free antivirus for my parent's computer
Replies: 18
Views: 1020

Re: Worry free antivirus for my parent's computer

I use Windows Defender along with Malwarebytes Premium on all our computers. It may not make them any safer than Defender alone but I feel better about it.

BTW.. I NEVER open links or attachments from anyone regardless if I know them or not and anyone who would send me something like that knows it.
by midareff
Mon Apr 15, 2019 7:40 am
Forum: Personal Consumer Issues
Topic: Luxury car recommendations?
Replies: 104
Views: 8147

Re: Luxury car recommendations?

I retired with a 7 or 8 year old pretty basic Jeep Liberty that was starting to have "issues" at near 80K miles. I ordered a new C350 Mercedes pretty loaded up and it was so sweet, and the market did so well I replaced it with an AMG Mercedes 5 years later. Since there isn't work commute and we fly ...
by midareff
Mon Apr 15, 2019 7:28 am
Forum: Personal Investments
Topic: Increasing Risk in Retirement
Replies: 26
Views: 2129

Re: Increasing Risk in Retirement

tennisplyr wrote:
Sun Apr 14, 2019 6:34 pm
I retired in 2011 with a 50/50 AA; today I'm at 50/50...all is well.
I retired 4/2012 at 48% equities. 48% bonds and 4% cash. Right now it's 48% equities, 49% bonds and 3% cash. All is well here too.
by midareff
Sun Apr 14, 2019 5:43 pm
Forum: Investing - Theory, News & General
Topic: Stocks will return about 4% annually over the next decade or so rather than the 10% average annual returns - John Bogle
Replies: 104
Views: 13295

Re: Stocks will return about 4% annually over the next decade or so rather than the 10% average annual returns - John Bo

Well... predictions are just that, predictions. With a Friday Shiller of 31.28 and the mean being 16.61 and the median 15.70 the market could easily get up 50% to get to historic norms. If you assume a straight decline over the decade that's a 5% decline a year, pre inflation. I like to be more con...
by midareff
Sun Apr 14, 2019 5:28 pm
Forum: Investing - Theory, News & General
Topic: Stocks will return about 4% annually over the next decade or so rather than the 10% average annual returns - John Bogle
Replies: 104
Views: 13295

Re: Stocks will return about 4% annually over the next decade or so rather than the 10% average annual returns - John Bo

If stocks return 4% and fixed income 2% to 2.5%, you have about a 3.25% average, less 2% to 2.5% inflation and you have a real return of the neighborhood of 1%. The best advice is be prepared for that scenario, you can always find things to spend more on if you have too much. I believe that the 4% ...
by midareff
Sun Apr 14, 2019 5:22 pm
Forum: Personal Consumer Issues
Topic: Walking shoes
Replies: 33
Views: 2136

Re: Walking shoes

Need some recommendations for good walking shoes, we are headed to Europe on a viking cruise, plan to do a ton of walking (cobblestone streets, etc) and want good shoes or low hiking sneakers. Please help, thanks Heya Cookiegirl.... we are on Vikings sailing June 4 or 5 I think out of Amsterdam. Fr...
by midareff
Sun Apr 14, 2019 4:02 pm
Forum: Personal Finance (Not Investing)
Topic: One-more-year - am I done or not?
Replies: 50
Views: 7299

Re: One-more-year - am I done or not?

Assuming is always bad for your health. Perhaps including the assumption that one must continue to work at a job one despises, just in case the future will be much worse than the worst of the past. ;) You have a point... even with $500K W2's. Another point is the 4% Guideline was for a 30 year reti...
by midareff
Sun Apr 14, 2019 2:33 pm
Forum: Personal Finance (Not Investing)
Topic: One-more-year - am I done or not?
Replies: 50
Views: 7299

Re: One-more-year - am I done or not?

Assuming is always bad for your health. Perhaps including the assumption that one must continue to work at a job one despises, just in case the future will be much worse than the worst of the past. ;) You have a point... even with $500K W2's. Another point is the 4% Guideline was for a 30 year reti...
by midareff
Sun Apr 14, 2019 2:31 pm
Forum: Investing - Theory, News & General
Topic: Stocks will return about 4% annually over the next decade or so rather than the 10% average annual returns - John Bogle
Replies: 104
Views: 13295

Re: Stocks will return about 4% annually over the next decade or so rather than the 10% average annual returns - John Bo

If stocks return 4% and fixed income 2% to 2.5%, you have about a 3.25% average, less 2% to 2.5% inflation and you have a real return of the neighborhood of 1%. The best advice is be prepared for that scenario, you can always find things to spend more on if you have too much. I believe that the 4% ...
by midareff
Sun Apr 14, 2019 9:53 am
Forum: Investing - Theory, News & General
Topic: Stocks will return about 4% annually over the next decade or so rather than the 10% average annual returns - John Bogle
Replies: 104
Views: 13295

Re: Stocks will return about 4% annually over the next decade or so rather than the 10% average annual returns - John Bo

If stocks return 4% and fixed income 2% to 2.5%, you have about a 3.25% average, less 2% to 2.5% inflation and you have a real return of the neighborhood of 1%. The best advice is be prepared for that scenario, you can always find things to spend more on if you have too much.
by midareff
Sun Apr 14, 2019 9:46 am
Forum: Personal Finance (Not Investing)
Topic: One-more-year - am I done or not?
Replies: 50
Views: 7299

Re: One-more-year - am I done or not?

Assume spouse's salary will cover taxes and health insurance, minimize portfolio draw Assets: $3.2M invested: 2.1M taxable, 300K Roth, 800K IRA/401K (average .09 ER, 70/30) Budget: 90K - based on Quicken last 2 years, rolling 12 month periods (excluding income taxes and health insurance premiums) B...
by midareff
Sat Apr 13, 2019 11:19 am
Forum: Personal Consumer Issues
Topic: Can you buy a new car with a cashiers check without unfreezing a credit freeze?
Replies: 68
Views: 4087

Re: Can you buy a new car with a cashiers check without unfreezing a credit freeze?

March 27, 2018 I showed up at a dealership tp pickup my special order vehicle. I brought a Cashier's Check made out to me intending to sign off on the back. They refused to take it as they considered it a third party check. I put the balance due on 2% cash back credit cards being fortunate enough to...
by midareff
Thu Apr 11, 2019 8:37 am
Forum: Investing - Theory, News & General
Topic: Active vs Passive Fund management
Replies: 18
Views: 1340

Re: Active vs Passive Fund management

Those that think they may have a chance of managing your money, for a fee of course, will always have a thing or two superior to point too. A classic case would have been Legg Mason Value Trust (used to be LMVTX) as it beat the S&P Index for either 16 or 17 straight years under fund manager Bill Mil...
by midareff
Mon Apr 08, 2019 9:18 am
Forum: Investing - Theory, News & General
Topic: Thoughts on this Forbes article? "Why Most Index Funds And ETFs Are Not Good Investments"
Replies: 65
Views: 9795

Re: Thoughts on this Forbes article? "Why Most Index Funds And ETFs Are Not Good Investments"

It is relatively easy to look over a very large field of categories and find a couple that meet the criteria you want to write about based on their current historical performance.
by midareff
Sun Apr 07, 2019 9:17 am
Forum: Investing - Theory, News & General
Topic: Vanguard Announces Plans to Launch Commodities Fund
Replies: 140
Views: 10396

Re: Vanguard Announces Plans to Launch Commodities Fund

Eleven years ago, Larry Swedroe and I had a long debate about including commodities in a portfolio. Larry was for included them and I was against it. There are probably a lot of people on this forum who remember this. My reasons have not changed. The Great Commodities Debate Part 1 The Great Commod...
by midareff
Sun Apr 07, 2019 9:13 am
Forum: Investing - Theory, News & General
Topic: Vanguard Announces Plans to Launch Commodities Fund
Replies: 140
Views: 10396

Re: Vanguard Announces Plans to Launch Commodities Fund

The older and dumber I get the fewer funds I need. There be stocks here, there be bonds there, but NOT as Scotty said, Captain, there be whales here.
by midareff
Sat Apr 06, 2019 9:09 am
Forum: Non-US Investing
Topic: Vanguard value, momentum and liquidity factor ETFs. What do you think about them?
Replies: 9
Views: 1144

Re: Vanguard value, momentum and liquidity factor ETFs. What do you think about them?

I tend to take a very simplistic approach to these types of funds, not just Vanguards but the whole smorgasbord of them. First and foremost, have you demonstrated superior performance over time to the S&P 500, as represented by Vanguards VOO or VFIAX funds? Better upside? Better downside? Less volat...
by midareff
Sat Apr 06, 2019 8:25 am
Forum: Personal Investments
Topic: Those that have an "Anti-Boglehead" investment account, what are your "risky" plays?
Replies: 92
Views: 6300

Re: Those that have an "Anti-Boglehead" investment account, what are your "risky" plays?

I have such an account. I use a mock portfolio in a free tracking service to identify current and recent performance of a wide variety of sector and geographic funds. From there the data on the top 25 is downloaded to my PC. I then run a program that looks at current momentum of the top 25 to identi...
by midareff
Thu Apr 04, 2019 9:41 am
Forum: Personal Consumer Issues
Topic: Windows 10 security software
Replies: 33
Views: 2210

Re: Windows 10 security software

oldzey wrote:
Wed Apr 03, 2019 7:40 am
I use both Malwarebytes Premium and Windows Defender.
+1 and never a problem with the tandem. Both run on startup.
by midareff
Wed Apr 03, 2019 10:14 am
Forum: Investing - Theory, News & General
Topic: Allocation tracking tools?
Replies: 6
Views: 295

Re: Allocation tracking tools?

First, I maintain a copy of my portfolio in Morningstar (M*), with custom columns for all the data I want to know or use later. I then export this portfolio, including 2 Views of data, to my PC. I open my excel spreadsheet which then imports the data I want and calculates everything I want to know f...
by midareff
Tue Apr 02, 2019 10:56 am
Forum: Personal Finance (Not Investing)
Topic: Any *disadvantages* to citizenship?
Replies: 74
Views: 3696

Re: Any *disadvantages* to citizenship?

By far the biggest problem we faced was travel. My wife is Thai and we needed visas for her to go travel anywhere, and some embassies are just impossible to deal with. She is a US Citizen now and that is one less thing to deal with. We don’t know what EU country the OP’s wife is from, but it appear...
by midareff
Tue Apr 02, 2019 10:50 am
Forum: Personal Consumer Issues
Topic: Summer Europe trip - overwhelming to plan!
Replies: 29
Views: 1998

Re: Summer Europe trip - overwhelming to plan!

I've traveled in Europe (and other places) with my own planning and by organized tours. If you have to spend time in Finland I'd recommend you pick up an organized tour for the rest of the trip through Europe. There are many, many choices of companies who do wonderful jobs. They make all transportat...
by midareff
Tue Apr 02, 2019 10:30 am
Forum: Personal Finance (Not Investing)
Topic: Any *disadvantages* to citizenship?
Replies: 74
Views: 3696

Re: Any *disadvantages* to citizenship?

You shouldn't do this if said wife person is planning to live elsewhere ever. The USA taxes worldwide income. or has any income that "may" require reporting from elsewhere, and of course the FBAR requirements are the same for resident or citizen. Again, estate taxation may be problematic with a non...
by midareff
Tue Apr 02, 2019 10:27 am
Forum: Investing - Theory, News & General
Topic: IF we enter a financial crisis in the future, how are you going to adjust?
Replies: 57
Views: 3642

Re: IF we enter a financial crisis in the future, how are you going to adjust?

Just started my eighth year of retirement. AA roughly 50/50. Why would I have to adjust to anything? Right. 50/50 all the way. Whatever happens in the future we will be able to look back and say "Half of our portfolio was (and remains) in absolutely perfect shape and the other half is now in the pe...
by midareff
Tue Apr 02, 2019 10:13 am
Forum: Personal Finance (Not Investing)
Topic: Any *disadvantages* to citizenship?
Replies: 74
Views: 3696

Re: Any *disadvantages* to citizenship?

whodidntante wrote:
Mon Apr 01, 2019 8:43 pm
You shouldn't do this if said wife person is planning to live elsewhere ever. The USA taxes worldwide income.
or has any income that "may" require reporting from elsewhere, and of course the FBAR requirements are the same for resident or citizen.
by midareff
Tue Apr 02, 2019 8:22 am
Forum: Investing - Theory, News & General
Topic: IF we enter a financial crisis in the future, how are you going to adjust?
Replies: 57
Views: 3642

Re: IF we enter a financial crisis in the future, how are you going to adjust?

Just started my eighth year of retirement. AA roughly 50/50. Why would I have to adjust to anything?
by midareff
Mon Apr 01, 2019 4:31 pm
Forum: Non-US Investing
Topic: Your opinion on debt?
Replies: 111
Views: 6515

Re: Your opinion on debt?

Debt can be useful in my opinion and a money maker. Financed part of a new car a year ago at 1.49%. Payoff money for the car is sitting in IT Tax-Ex Munis at VG yielding 2.9% tax free. Mortgage is at 3.0% and (at least until recently) a useful IRS deduct for the interest. Have not paid a penny in in...
by midareff
Sun Mar 31, 2019 6:38 pm
Forum: Personal Consumer Issues
Topic: Good computer with solid state drive (SSD)
Replies: 36
Views: 2129

Re: Good computer with solid state drive (SSD)

Several years ago I bought a Samsung 27" desktop model with everything built into the case including a 512 GB SSD and 64 gig of ram. I back up to 2, Samsung 512 GB external SSD drives, a 512 GB USB 3.0 Toshiba and a iTB LaCie Raid... and an external thumb. It's overkill but I have records I am willi...
by midareff
Sun Mar 31, 2019 9:53 am
Forum: Personal Consumer Issues
Topic: Anyone looking to retire in FL?
Replies: 18
Views: 2261

Re: Anyone looking to retire in FL?

Moved to Miami in 1964 to go to the U. Retired April 2012 and still live in Miami. We are not going anywhere it gets cold or to a state with a state income tax. Lots of good places to live in Miami.
by midareff
Sun Mar 31, 2019 9:50 am
Forum: Personal Investments
Topic: Closest thing to high-yield savings at Fidelity?
Replies: 7
Views: 692

Re: Closest thing to high-yield savings at Fidelity?

I've never had an external transfer fee at Fidelity. When my 2% Fidelity card pays me I transfer the money to an Ally Bank savings account. Have never seen a charge for this and have been doing it for quite a few years.
by midareff
Sat Mar 30, 2019 2:27 pm
Forum: Personal Consumer Issues
Topic: "The best and worst U.S. states for retirement"
Replies: 259
Views: 21876

Re: "The best and worst U.S. states for retirement"

Send out the word, Florida is full up We have enough for now Truth be known (or my opinion), any state that offers a climate that gets people outside to walk or play (where tennis and golf can be played all year long) is a good place to be. There is a lot to be said for longevity and for no state i...
by midareff
Sat Mar 30, 2019 1:04 pm
Forum: Personal Finance (Not Investing)
Topic: Mysterious SSA deposit in my Vanguard Account
Replies: 4
Views: 622

Re: Mysterious SSA deposit in my Vanguard Account

I would write to Fidelity, Vanguard and the SSA requesting they identify the transfers as to whether or not they came from them. I would sent the letters with tracking numbers to be able to verify delivery. I would keep the money in an interest bearing account so when someone figures it out at least...
by midareff
Sat Mar 30, 2019 12:58 pm
Forum: Personal Investments
Topic: Advice for paying $3K special assessment - up front vs. over 15 yr at 4%APR (and invest $ instead)
Replies: 15
Views: 843

Re: Advice for paying $3K special assessment - up front vs. over 15 yr at 4%APR (and invest $ instead)

Dottie57 wrote:
Sat Mar 30, 2019 11:41 am
delamer wrote:
Sat Mar 30, 2019 11:38 am
I would not want a $250/year payment hanging over my head for 15 years.

Pay the lump sum.
Agree.
+2
by midareff
Sat Mar 30, 2019 12:56 pm
Forum: Personal Finance (Not Investing)
Topic: Keeping a stash of vacation days as unemployment "insurance"
Replies: 70
Views: 4851

Re: Keeping a stash of vacation days as unemployment "insurance"

My former employer, a muni government allowed us to stash 10 of 13 holidays annually + sick leave + vacation time (2 to 4 weeks depending on longevity). Whatever wasn't used during your career would be paid out at termination or retirement. Over a 30 year career it was not that difficult to accumula...
by midareff
Sat Mar 30, 2019 10:30 am
Forum: Personal Consumer Issues
Topic: I have a car problem - $100K+ Cars
Replies: 22
Views: 1796

Re: I have a car problem - $100K+ Cars

The cash finance question depends on the offers at the time. I picked up some finance money from PenFed at 1.49% which let me keep that money in IT Tax-Ex at about 2.9% tax exempt dividends. I like using other peoples money to make money. My fun car is an AMG Benz.
by midareff
Sat Mar 30, 2019 10:16 am
Forum: Personal Consumer Issues
Topic: I would like a boat. I also know nothing about boats
Replies: 147
Views: 8755

Re: I would like a boat. I also know nothing about boats

How was the boat repaired and what did you/they find? Already posted that. - Was it due to water getting into the engine? (poor elbow, poor exhaust lift design, failed coupler or exhaust flapper etc) I don't think that happens with outboards. - Was it due to overloading the engine? (too large a pro...