Search found 622 matches

by bradshaw1965
Tue Nov 07, 2017 10:41 pm
Forum: Personal Finance (Not Investing)
Topic: How old are you and how much do you save for retirement a year
Replies: 151
Views: 12759

Re: How old are you and how much do you save for retirement a year

52 and 46

401K 42k + 6% match
HSA 6750
Roth 12k
Taxable 20k some of this will eventually be mid-term savings auto, etc.

Much easier since last kid is done with college.
by bradshaw1965
Sun Nov 05, 2017 8:41 pm
Forum: Investing - Theory, News & General
Topic: I-bond inflation irony?
Replies: 35
Views: 3584

Re: I-bond inflation irony?

Jack FFR1846 wrote:
Sun Nov 05, 2017 1:31 pm

Savings bonds are much easier to use as an emergency fund and/or to fund kids' college expenses.
Wrong to comment on proposed legislation but I really hope that we don't lose this since repeal is in the first rev of the new tax bill.
by bradshaw1965
Fri Sep 15, 2017 7:47 pm
Forum: Personal Consumer Issues
Topic: Audio books
Replies: 28
Views: 1801

Re: Audio books

You can "borrow" audio books from your public library. It usually involves downloading an app and then the library sends the book to your app and you can listen for a pre-determined amount of time and then the book is "returned' to the library and disappears from your phone +1 Many libraries also h...
by bradshaw1965
Thu Sep 14, 2017 8:13 pm
Forum: Personal Consumer Issues
Topic: The true cost of Luxury
Replies: 32
Views: 3899

Re: The true cost of Luxury

$1000 apple iPhone 10 Apple is a bit different from Madison Avenue luxury goods purveyors. They don't tout country of origin (everyone knows it's China), and the products are quite easy to buy. Non-enthusiasts are welcomed- even encouraged. I'm a long-time Apple fan and pretty disturbed by their mo...
by bradshaw1965
Thu Sep 14, 2017 8:06 pm
Forum: Personal Consumer Issues
Topic: Best Lower Cost USA Cities to Live
Replies: 102
Views: 7960

Re: Best Lower Cost USA Cities to Live

Atlanta seemed really nice to me, especially if you still need to work. Houses are pretty cheap. You can find a very nice 4 bedroom house in a nice subdivision in the suburbs for about $450K and only about $5000 property taxes (more or less on these costs, depending on the town). The weather is not...
by bradshaw1965
Wed Sep 13, 2017 10:59 am
Forum: Personal Consumer Issues
Topic: Best Lower Cost USA Cities to Live
Replies: 102
Views: 7960

Re: Best Lower Cost USA Cities to Live

I have been looking at Chattanooga area lately due to reasonably better (better than Midwest) climate year-round, low cost of living and housing and no state income taxes. They are also phasing out taxes on dividend and interest income. You'll have to do the research on being a resident but Chattan...
by bradshaw1965
Wed Sep 13, 2017 9:43 am
Forum: Personal Consumer Issues
Topic: Best Lower Cost USA Cities to Live
Replies: 102
Views: 7960

Re: Best Lower Cost USA Cities to Live

Shhhh, as soon as the word gets out they are no longer best or lower cost, see my former towns of Austin and Asheville.
by bradshaw1965
Thu Sep 07, 2017 1:37 pm
Forum: Investing - Theory, News & General
Topic: Good Article on Retirement Investing and Withdrawals
Replies: 7
Views: 1494

Re: Good Article on Retirement Investing and Withdrawals

Saw a good article on retirement investing and withdrawals on CNN.com this morning. Offering it to others for it's perspective. "A Simple but Effective Retirement Income Plan" http://money.cnn.com/2017/09/06/retirement/retirement-income-plan/index.html?iid=hp-stack-dom Cheers, Ray The article is OK...
by bradshaw1965
Fri Sep 01, 2017 9:10 am
Forum: Investing - Theory, News & General
Topic: Michael Kitces 4% rule podcast on Madfientist
Replies: 355
Views: 37560

Re: Michael Kitces 4% rule podcast on Madfientist

An early retiree interested in a side gig may be able to make $10k-$20k for a few years, but that income should not be extrapolated to the entire length of one's retirement. As one gets weaker, physically or mentally, doing a gig becomes infeasible. It's fun to be a bartender at the age of 60, less...
by bradshaw1965
Fri Sep 01, 2017 6:37 am
Forum: Investing - Theory, News & General
Topic: Michael Kitces 4% rule podcast on Madfientist
Replies: 355
Views: 37560

Re: Michael Kitces 4% rule podcast on Madfientist

In your example, if the retirement portfolio is invested in the typical 60/40 fashion and the market drops 50%, and stays there, even 3% in required distributions can become catastrophic. As a safer approach, Bill Bernstein divides retirement assets into Liability Matching Portfolio (LMP) and Risk ...
by bradshaw1965
Tue Aug 29, 2017 2:39 pm
Forum: Investing - Theory, News & General
Topic: Rob Arnott: Dump US stocks buy EM
Replies: 65
Views: 6100

Re: Rob Arnott: Dump US stocks buy EM

As far as accessing the article behind a paywall, most publishers have decided that a Google search is not an effective revenue generator so searching for the title in search is not useful, but searching social networks such as Twitter and Facebook seem to be in the publishers plans. YMMV.
by bradshaw1965
Tue Aug 29, 2017 8:17 am
Forum: Personal Finance (Not Investing)
Topic: Article on Savings - Are BHs the 1% ?
Replies: 23
Views: 3865

Re: Article on Savings - Are BHs the 1% ?

Another reason to call BS on the article....I thought about 10% of families were one million dollars net worth. Of course, a lot of folks have money tied up in house equity, but we are supposed to believe that 10% of families have $1M in retirement+investments+house and only 1% have $1M in retireme...
by bradshaw1965
Thu Aug 24, 2017 7:51 pm
Forum: Personal Consumer Issues
Topic: Eclipse Traffic: predictions vs reality?
Replies: 64
Views: 5190

Re: Eclipse Traffic: predictions vs reality?

2 hour drive up to Lake Rabun, Ga from Atlanta day before, 4 hour drive back day of. I just treat it like a 2 hour long Disneyland ride line but with a much better pay off (for me anyway).
by bradshaw1965
Thu Aug 24, 2017 9:02 am
Forum: Personal Finance (Not Investing)
Topic: Retirement anxiety- emotionally and financially
Replies: 55
Views: 7053

Re: Retirement anxiety- emotionally and financially

It depends on how the OP and his wife have acquired their $2.8m. Victoria That makes sense. I'm really asking a general SS question, for prospective early retirees it seems like getting to the second bend point is more important then the 35 years? Just getting started in even considering SS so I co...
by bradshaw1965
Thu Aug 24, 2017 8:54 am
Forum: Personal Finance (Not Investing)
Topic: Retirement anxiety- emotionally and financially
Replies: 55
Views: 7053

Re: Retirement anxiety- emotionally and financially

Furthermore, if the OP and his wife stopped working now, their Social Security would be lower than if they had 35 years of credits. Thus, they will have a larger gap between the Social Security and their needs. Trying to get my head around this. If you get to the second bend point with lifetime ear...
by bradshaw1965
Wed Aug 23, 2017 12:41 pm
Forum: Personal Finance (Not Investing)
Topic: "I'm Bill Bengen, and I first proposed the 4% safe withdrawal rate in 1994. Ask me anything!"
Replies: 119
Views: 14630

Re: "I'm Bill Bengen, and I first proposed the 4% safe withdrawal rate in 1994. Ask me anything!"

It drives me crazy that Bill is in the thread answering questions and people are still talking past each other defending their positions and talking over his perfectly reasonable responses. You should stay away from Reddit then :oops: Agreed. I'm a bit of a lurker in a couple of sub-reddits but the...
by bradshaw1965
Wed Aug 23, 2017 12:21 pm
Forum: Personal Finance (Not Investing)
Topic: "I'm Bill Bengen, and I first proposed the 4% safe withdrawal rate in 1994. Ask me anything!"
Replies: 119
Views: 14630

Re: "I'm Bill Bengen, and I first proposed the 4% safe withdrawal rate in 1994. Ask me anything!"

It drives me crazy that Bill is in the thread answering questions and people are still talking past each other defending their positions and talking over his perfectly reasonable responses.
by bradshaw1965
Thu Aug 10, 2017 3:52 pm
Forum: Investing - Theory, News & General
Topic: What Percentage CASH are you?
Replies: 90
Views: 6964

Re: What Percentage CASH are you?

5%, mostly about my wife and I needing to talk about having a chunk go to taxable or a house project we've noodled around with.
by bradshaw1965
Sun Aug 06, 2017 7:25 pm
Forum: Investing - Theory, News & General
Topic: Study: Who Sold Stock During the 2008-9 Crash?
Replies: 85
Views: 7850

Re: Study: Who Sold Stock During the 2008-9 Crash?

I did tax loss harvesting but went a bit deer in the headlights with rebalancing in tax deferred accounts, market velocity really took me by surprise with 6-8% days not uncommon. Doing nothing was probably not the worst thing in the world.
by bradshaw1965
Sun Jul 30, 2017 2:43 pm
Forum: Investing - Theory, News & General
Topic: NYT Carl Richards "You’re No Coward if You’re Keeping Some Money Out of Stocks"
Replies: 42
Views: 5501

Re: NYT Carl Richards "You’re No Coward if You’re Keeping Some Money Out of Stocks"

I think he's trying to talk about entrepreneurial risk and balancing with safe assets rather then asset allocation. There is often an assumption that sort of like everybody has a novel somewhere in them that the same is true for a business idea. I'm not sure that's true, I've looked around at busine...
by bradshaw1965
Sun Jul 30, 2017 10:23 am
Forum: Personal Consumer Issues
Topic: NYT: Buy more takeout and hire a maid, study suggests
Replies: 36
Views: 6176

Re: NYT: Buy more takeout and hire a maid, study suggests

“People who spent money to buy themselves time, such as by outsourcing disliked tasks, reported greater overall life satisfaction".

Use your money to buy time seems to be perfectly reasonable advice. Don't get caught up in the weeds.
by bradshaw1965
Sat Jul 15, 2017 7:40 pm
Forum: Investing - Theory, News & General
Topic: William Bernstein on Meb Faber's podcast
Replies: 54
Views: 7510

Re: William Bernstein on Meb Faber's podcast

Awesome. I love Bill Berstein... wish he'd write some more books :) Did he have anything new to say on the podcast? I hadn't heard him express that he uses a heuristic for identifying bubbles and not any specific calculations. Used Potter Stewart's, "I know it when I see it" and gave a handful of b...
by bradshaw1965
Thu Jul 13, 2017 1:14 pm
Forum: Personal Finance (Not Investing)
Topic: Do you count vehicle equity in net worth?
Replies: 203
Views: 11374

Re: Do you count vehicle equity in net worth?

I do, just because from my perspective that seems to fit the definition of net worth. I do question the usefulness of net worth as a metric but I have a relatively simple set of assets, I imagine it would be more difficult for people who predominately have illiquid assets in their net worth, real es...
by bradshaw1965
Tue Jul 04, 2017 10:23 am
Forum: Investing - Theory, News & General
Topic: What's the ideal safe retirement net worth target?
Replies: 225
Views: 35532

Re: What's the ideal safe retirement net worth target?

I am still trying to figure this out myself. I move my number up every time I get on this forum, it seems. I am definitely going to suffer from Terminal One More Year Syndrome. This is my number one complaint about Boglehead style retirement planning. It is very, very important to be prudent about ...
by bradshaw1965
Tue Jun 13, 2017 10:49 am
Forum: Investing - Theory, News & General
Topic: Bogle Doubles Down on US Index Funds
Replies: 118
Views: 17291

Re: Bogle Doubles Down on US Index Funds

“Every single person I think I have ever talked to tells me I am wrong in this,” Bogle said. “If you believe in the majority, you can just throw my opinion in the waste basket. But on the other hand, I was brought up in this business and I am saying ‘the crowd is always wrong.’” This quote by Mr Bo...
by bradshaw1965
Sun May 14, 2017 11:27 am
Forum: Investing - Theory, News & General
Topic: Rob Arnott [buy emerging market equities vs. US stocks]
Replies: 40
Views: 3534

Re: Rob Arnott

I think making adjustments on the margins is fine if you have really done your homework and know yourself, because chances are you will be "early" in these decisions. That's been my experience as well, always early even when just shifting at the margins. I have a bit of small value but my experienc...
by bradshaw1965
Fri Apr 28, 2017 9:43 am
Forum: Local Chapters and Bogleheads Community
Topic: The next generation of Boglehead authors
Replies: 41
Views: 4611

Re: The next generation of Boglehead authors

Other than him, he's eschewed the early retirement stuff. He's been reading Cal Newport. Who talks about meaningful work, but work/ life balance. I really enjoyed Deep Work from Cal Newport. He's an interesting guy and not at all the typical fluff and ego stuff of the self help genre. Genuinely use...
by bradshaw1965
Mon Apr 03, 2017 4:47 pm
Forum: Personal Finance (Not Investing)
Topic: IS 200k household income "middle income" these days? Has that threshold increased?
Replies: 42
Views: 4107

Re: IS 200k household income "middle income" these days? Has that threshold increased?

It's decidedly Upper Middle Class. You can argue about Upper Middle Class having more to do with professions and Upper Class having to do with allocating capital more so then income, but 2.5x the median puts this income well outside Middle Class.
by bradshaw1965
Tue Feb 21, 2017 11:44 pm
Forum: Investing - Theory, News & General
Topic: For people who think the market is going to crash, where along the continuum are we?
Replies: 117
Views: 13076

Re: For people who think the market is going to crash, where along the continuum are we?

Corrections happen a lot, bear markets are pretty frequent. Crashes are supposed to be fairly infrequent, maybe 2 or 3 in a lifetime but we've had 2 in the last 15 years or so. I am always expecting a 20-25% drop at any time without a lot of rhyme or reason, they just happen. If we get a 40-50% drop...
by bradshaw1965
Mon Feb 20, 2017 11:17 am
Forum: Investing - Help with Personal Investments
Topic: 20% bonds: why bother at 48?
Replies: 131
Views: 8539

Re: 20% bonds: why bother at 48?

You are getting good arguments pro and con for bonds in your asset allocation. I will say as an outside observer that your post is a contrarian data point in the same vein as "Why should I have International stocks?" for validating the use of bonds in my own asset allocation.
by bradshaw1965
Fri Feb 17, 2017 9:39 am
Forum: Investing - Theory, News & General
Topic: Charlie Munger's Comments on Index Funds versus "Stock Picking"
Replies: 12
Views: 2951

Re: Charlie Munger's Comments on Index Funds versus "Stock Picking"

Buffett and Munger have been big advocates of indexing for the average person for many years now. But to be clear, with small sums of money Buffett (and probably Munger) thinks he can still vastly outperform indexes. In the same Q&A he talked about doing some calculations as a young man and det...
by bradshaw1965
Thu Jan 26, 2017 5:51 pm
Forum: Local Chapters and Bogleheads Community
Topic: HAPPY 93RD BIRTHDAY, TAYLOR!
Replies: 199
Views: 11067

Re: HAPPY 93RD BIRTHDAY, TAYLOR!

Happy Birthday, Taylor! We appreciate all your help.
by bradshaw1965
Wed Jan 25, 2017 12:35 pm
Forum: Personal Consumer Issues
Topic: Need a good commuter car fairly soon
Replies: 86
Views: 7524

Re: Need a good commuter car fairly soon

Even if it is a unreliable headache, we'll get something new when the manufacturer's warranty is up in 5yrs. $8k upfront plus less gas and insurance is a lot of money to people who view cars as simply appliances. My experience with VW was that the engine and powertrain were well designed but all of...
by bradshaw1965
Wed Jan 25, 2017 11:42 am
Forum: Personal Consumer Issues
Topic: Need a good commuter car fairly soon
Replies: 86
Views: 7524

Re: Need a good commuter car fairly soon

Even if it is a unreliable headache, we'll get something new when the manufacturer's warranty is up in 5yrs. $8k upfront plus less gas and insurance is a lot of money to people who view cars as simply appliances. My experience with VW was that the engine and powertrain were well designed but all of...
by bradshaw1965
Wed Jan 25, 2017 10:38 am
Forum: Personal Consumer Issues
Topic: Need a good commuter car fairly soon
Replies: 86
Views: 7524

Re: Need a good commuter car fairly soon

Honda Fit is a great commuter car. Zippy, comfortable and mind defying space available. A CVT transmission was added in 2015 so I'd consider a 2013 or 2014 at around $10-12k. If you really like driving the Mazda 3 will be more fun, but a bit more expensive and slightly less space.
by bradshaw1965
Sun Jan 22, 2017 6:19 pm
Forum: Investing - Help with Personal Investments
Topic: Philosophical question re increasing net worth
Replies: 14
Views: 2018

Re: Philosophical question re increasing net worth

He feels like a low level of consumption is the right and proper way to live even for the very wealthy. It is better for the environment and society, as well as you personally by allowing you to focus on things that truly make you happy. I agree, a little robust pain and effort is much more healthy...
by bradshaw1965
Thu Jan 19, 2017 7:08 pm
Forum: Investing - Theory, News & General
Topic: Beat the market long-term? Yes, it can be done.
Replies: 133
Views: 3269

Re: Beat the market long-term? Yes it can be done. (Vanguard article)

I think a big part of it is framing. Before index funds the message was not "could" you beat the market but that you "should" try to beat the market. Once you know that you don't have to think about it more then a few minutes a year and you'll beat 80% or more of investors that's...
by bradshaw1965
Tue Jan 17, 2017 1:57 pm
Forum: Investing - Help with Personal Investments
Topic: So, I'm going to gamble (for fun) and buy some individual stocks. Best way?
Replies: 65
Views: 4876

Re: So, I'm going to gamble (for fun) and buy some individual stocks. Best way?

Seems like you have it backwards, you should have an investment idea and then talk yourself out of betting the farm because it seems so good rather then starting with a method.
by bradshaw1965
Sun Jan 15, 2017 1:35 pm
Forum: Investing - Theory, News & General
Topic: "Millennials may need to double how much they save for retirement"
Replies: 173
Views: 19294

Re: "Millennials may need to double how much they save for retirement"

I save 50-60% just to be safe. That might be what's needed to retire by the 2040's. There are completely valid reasons to save 50-60% of income but "being safe" is not one of them. It is disengenious because it implies that savings rate will protect you in some way from a range of reasona...
by bradshaw1965
Wed Jan 11, 2017 1:50 pm
Forum: Investing - Theory, News & General
Topic: Outliving your savings - pessimistic news
Replies: 21
Views: 3957

Re: Outliving your savings - pessimistic news

I haven't seen data on the issue, but I would bet money that racial disparities in lifespan among US men are correlated to the likelihood of using drugs or going to prison. In 2010, life expectancy for the black population was 3.8 years lower than that of the white population. This difference was d...
by bradshaw1965
Wed Jan 11, 2017 12:58 pm
Forum: Investing - Theory, News & General
Topic: Outliving your savings - pessimistic news
Replies: 21
Views: 3957

Re: Outliving your savings - pessimistic news

The article below does show better outcomes for lower and moderate incomes in certain urban areas as opposed to a swath of the rural Midwest so maybe better health outcomes are not just dependent upon having means. m A quick read of the article suggests to me that they missed a conclusion: The clos...
by bradshaw1965
Tue Jan 10, 2017 3:40 pm
Forum: Investing - Theory, News & General
Topic: How Bad was 2008, really?
Replies: 224
Views: 21141

Re: How Bad was 2008, really?

I was 52 in 2008. While losses in the financial and real estate markets were bad, what bothered me even more was how the government intervened and overrode basic free market rules, and picked winners and losers. I don't remember all the details and some of this could be off in some detail. I rememb...
by bradshaw1965
Tue Jan 10, 2017 3:20 pm
Forum: Investing - Theory, News & General
Topic: Outliving your savings - pessimistic news
Replies: 21
Views: 3957

Re: Outliving your savings - pessimistic news

What's causing this short-livedness? Just terrible health culture? Am I okay if I eat right and exercise or is there something in the air? There are a lot of different reasons for health outcomes and the troubling reduction in life expectancy for people in middle age seems to be correlated with sub...
by bradshaw1965
Tue Jan 10, 2017 12:54 pm
Forum: Investing - Theory, News & General
Topic: How Bad was 2008, really?
Replies: 224
Views: 21141

Re: How Bad was 2008, really?

2008 has been the only time in my adult life where not only my financial capital but also career capital was at high risk. Lots of layoffs, furloughs and foreclosures for friends and family made the tuning of finances for maximum return without slack for unexpected outcomes a much clearer view of re...
by bradshaw1965
Fri Jan 06, 2017 6:36 pm
Forum: Personal Consumer Issues
Topic: Mini Vacation to Mexico City
Replies: 5
Views: 694

Re: Mini Vacation to Mexico City

Polanco is more upscale, but if you are willing to be flexible my favorite place to stay in Mexico City is Red Tree House http://theredtreehouse.com in Condesa. About $100 a night with breakfast at current exchange rate.
by bradshaw1965
Tue Jan 03, 2017 1:52 pm
Forum: Personal Finance (Not Investing)
Topic: Study on SWR rates for Early Retirement
Replies: 63
Views: 7225

Re: Study on SWR rates for Early Retirement

The best strategy is to pick something that seems sensible, then adjust based on changes in your portfolio and expenses. Realize that studies of the past have limited utility. Also realize that how to adjust is not going to be entirely clear. Consider: - Alan retires on 1/1/2016 with portfolio of $...
by bradshaw1965
Tue Jan 03, 2017 12:54 pm
Forum: Investing - Theory, News & General
Topic: Tax Loss Harvesting - Is it worth it?
Replies: 85
Views: 8000

Re: Tax Loss Harvesting - Is it worth it?

The behavioral benefit of TLH during the crisis when my brain was screaming "do something" was a small but useful benefit.
by bradshaw1965
Mon Dec 19, 2016 11:22 am
Forum: Investing - Help with Personal Investments
Topic: BRSIX - 20% distribution
Replies: 23
Views: 4667

Re: BRSIX - 20% distribution

2016 update:

1.04446 on $14.40 7.25% long term capital gain distribution
by bradshaw1965
Wed Dec 14, 2016 4:30 pm
Forum: Personal Finance (Not Investing)
Topic: What happens to those who don't invest?
Replies: 70
Views: 5226

Re: What happens to those who don't invest?

Remember that median household income is about $58,000. That is smack in the middle of the band we call middle class. Have to be somewhat careful with the median household income since it includes retirees, students, etc. Married couples with children under 18 years of age, according to the Census ...
by bradshaw1965
Mon Dec 12, 2016 11:31 am
Forum: Investing - Theory, News & General
Topic: I thought Swedroe was a fan of REITs?
Replies: 127
Views: 11399

Re: I thought Swedroe was a fan of REITs?

...I was completely shaken by the speed and amount of the fall in that fund. If you aren't aware, REITs had a much worse crash in 2008-2009 than the stock market as a whole. ... This was one of my biggest investment lessons. I didn't have much money in REIT's but the velocity of the loss really lef...