Search found 434 matches

by kcyahoo
Sun Jan 21, 2018 10:15 pm
Forum: Investing - Theory, News & General
Topic: Year 2000 retirees using the '4% rule' - Where are they now?
Replies: 1177
Views: 204324

Re: Year 2000 retirees using the '4% rule' - Where are they now?

"asterix0" asked... "I have read several pages of this thread and have wondered if the minimum required distributions for tax sheltered accounts can be addressed. Even if one only spends at the SWR, taxes (at a marginal rate) will also deplete a retirement account for required distributions beyond the SWR as money moves from sheltered to non-sheltered vehicles." In my case the amount I needed from my IRA for living expenses always exceeded my RMD. I retired at 57. I built my estimated annual RMD into my Retirement model so I saw it coming years ahead of time and planned accordingly. You may have asked the "hidden" RMD issue without realizing it. You much take your RMD from the IRA and you must pay taxes on it. ...
by kcyahoo
Sun Jan 21, 2018 6:27 pm
Forum: Investing - Theory, News & General
Topic: Year 2000 retirees using the '4% rule' - Where are they now?
Replies: 1177
Views: 204324

Re: Year 2000 retirees using the '4% rule' - Where are they now?

"cutehumor"
"awhile back, i found an online article about retiree in 2000. one million invested from 2000-2010 with 4 percent withdrawal in vanguard 500. 100% stock portfolio would be broke. no bonds and no rebalancing"

I have not modeled this but:
Yes, $1,000,000 all stocks at start of 2000 would be $600,000 at end of 2002, with no means to re-balance of replenish.
by kcyahoo
Sun Jan 21, 2018 5:26 pm
Forum: Investing - Theory, News & General
Topic: Year 2000 retirees using the '4% rule' - Where are they now?
Replies: 1177
Views: 204324

Re: Year 2000 retirees using the '4% rule' - Where are they now?

"willthrill81" wrote: "Do you mean 6% of your portfolio balance every year (i.e. relatively constant percentage)?" Yes, rough example; $1,000,000 X .06 = $60,000. Add spouse and my Social Security (approx $28,000) =$88,000. Some years more (new car, Boat, Extended travel, etc.), some years less (maybe don't travel as much in a given year). I forgot that I funded three 529's at about $30,000 each ($90,000). We also both have LTC policies started early on in retirement. We have also prepaid two Cremation policies. -------------------------------------------------------- Quoting you "willthrill81" "Keep in mind that the 'safe' withdrawal rate for most years has been well above 4%, more like 6-7%." Once I...
by kcyahoo
Sun Jan 21, 2018 2:01 pm
Forum: Investing - Theory, News & General
Topic: Year 2000 retirees using the '4% rule' - Where are they now?
Replies: 1177
Views: 204324

Re: Year 2000 retirees using the '4% rule' - Where are they now?

I am one of these retirees. Here is my story. My Retiree Story Originally Posted December 02, 2010; Updated January 11, 2018 I retired at age 57 at the end of 1999, I am 75 1/2 now. I planned to take Social Security at 62 and to start withdrawing from my IRA at the same time. Therefore, to fill the 5-year gap between ages 57 – 62 I had personal savings in MM and Short-term Bonds. I did this because I read that the average market downturn was 18 - 24 months. The market started to tank in early 2000 (my worst-case scenario happened). Because I was living on cash savings, I was able to re-balance from bonds into stocks as my Stock Funds went down down down within my IRA. I was very nervous as the downturn passed its 24-month anniversary. I did...
by kcyahoo
Wed Nov 11, 2015 3:18 pm
Forum: Personal Consumer Issues
Topic: norton vs mc afee
Replies: 17
Views: 2022

Re: norton vs mc afee

PC Windows 10
I have had my problems with viruses over the years. Some of it my fault. Some of it very difficult to get rid of.
You do not need Anti-virus software that you pay for. But you do need it.
Free versions of AVG and Avast are good.
Currently I am using Windows 10 with Windows Firewall and Windows Defender. I have not had any issues with them.
Anytime I think I have a "funny" issue I run the Free Malwarebytes.
by kcyahoo
Sun Nov 01, 2015 2:29 pm
Forum: Investing - Theory, News & General
Topic: [Vanguard Calculated Dividend Incorrectly]
Replies: 65
Views: 10880

Re: [Vanguard Calculated Dividend Incorrectly]

"Kevin M"
I wonder if this affected anyone who had dividends transferred to an external bank account. Not a problem for the tax-exempt bond funds in my taxable account, where dividends are transferred to external account.

Kevin
Yes, I originally saw this problem when the dividend amount posted to an external bank account did not make sense.
by kcyahoo
Sat Oct 31, 2015 9:37 am
Forum: Investing - Theory, News & General
Topic: [Vanguard Calculated Dividend Incorrectly]
Replies: 65
Views: 10880

[Vanguard Calculated Dividend Incorrectly]

[Title was: Vanguard Intermediate-Term Investment-Grade Fund. Thread merged into here, see below. --admin LadyGeek]

Does anyone know why October dividends for the Vanguard Intermediate-Term Investment-Grade Fund are dramatically down? Thanks

*NOTE FROM MODERATOR MEL: - Vanguard is aware of the dividend issue and is working to resolve it. All clients will be paid the full dividends due them. Thank you for your patience.
by kcyahoo
Fri May 09, 2014 8:09 am
Forum: Personal Consumer Issues
Topic: Snowbirds: Best Mail Forwarding Options?
Replies: 24
Views: 27904

Re: Snowbirds: Best Mail Forwarding Options?

I've used The UPS Store (used to be Mail Boxes) for 15 years. I do a USPS forward to my UPS mail box, they filter out junk, I email them when I want them to send me accumulated mail, every few weeks. This is good inexpensive service.
by kcyahoo
Thu Apr 17, 2014 4:32 pm
Forum: Personal Consumer Issues
Topic: Keep passwords in USB thumb drive: good idea?
Replies: 43
Views: 14132

Re: Keep passwords in USB thumb drive: good idea?

You install LastPass as a browser extension (I use Chrome, IE and Dolphin). The first time you use a userid and a password combination LastPass asks if you want to save it, The first time you need a password after starting the browser you are queried for your master Password. LastPass stays active until you close your browser. LastPass keeps a relationship file for each site's name, your userid and the password. Most of the time it recognizes the need to fill in your userid and password. Sometimes, like with Vanguard where your user id and you password are on two different pages, on page one you need to right click copy id and paste then on page two you right click copy then paste in the password field. You can also access your entire LastP...
by kcyahoo
Thu Apr 17, 2014 1:49 pm
Forum: Personal Consumer Issues
Topic: Keep passwords in USB thumb drive: good idea?
Replies: 43
Views: 14132

Re: Keep passwords in USB thumb drive: good idea?

I have over 200 passwords. LastPass remembers all of them for me, on Windows and Android.

Passwords are not the only thing that needs to be stored securely.

I also store all Credit Card info in LastPass. I use this to auto-fill at shopping sites and at bill-pay sites.

I also save notes in LastPass that need to be recalled and secured (example, combination to a relatives garage door that I only need a few times a year. I whip out my Android phone and look it up).
by kcyahoo
Thu Apr 17, 2014 7:40 am
Forum: Personal Consumer Issues
Topic: Keep passwords in USB thumb drive: good idea?
Replies: 43
Views: 14132

Re: Keep passwords in USB thumb drive: good idea?

Bad bad idea for the reasons stated.

Also, I use the Dolphin browser on Android with the Lastpass extension. Works great. I'd be hard pressed to plug a USB drive into my Telephone or Tablet.
by kcyahoo
Thu Apr 17, 2014 7:34 am
Forum: Personal Consumer Issues
Topic: "At Vanguard my voice is my password"
Replies: 24
Views: 5691

Re: "At Vanguard my voice is my password"

I've used it. I works for saving some hassle when doing a special transaction that requires the agent to positively identify you. In my case I needed to wire some money from my Vanguard account to a closing company. After the first time of going through the positive identification process I set up my voice recognition. The second time I did a transfer there was no hassle, ergo, less time on the phone.
by kcyahoo
Wed Apr 16, 2014 8:21 pm
Forum: Personal Finance (Not Investing)
Topic: Just had offer accepted on a house! (Advice pls!)
Replies: 29
Views: 3804

Re: Just had offer accepted on a house! (Advice pls!)

+ 1 "Buy an owner's title insurance policy."

Also consider buying a Home Warranty policy. They do not cost much but will cover all appliances, Water Heater and Heating & AC system.

For a home inspector, I have found the best to be ASHI certified and former (retired) home contractors.
by kcyahoo
Wed Apr 16, 2014 7:00 pm
Forum: Personal Finance (Not Investing)
Topic: Let's compare 2013 effective tax rates
Replies: 46
Views: 4199

Re: Let's compare 2013 effective tax rates

I'm a little gun shy here. I thought I understood the OP's question. As he/she later defined it is how I always understood it. It seems there are variations I have never encountered.

Retired, Married filing Jointly, Ages 71 & 70, Plain vanilla tax return (no mortgage).
Federal effective tax rate: $9,904 / $95,572 = 10.04%

Most of my retirement has been around 10 - 14%.
I have been 0% a few times when I still had a mortgage.
by kcyahoo
Sat Apr 12, 2014 8:57 pm
Forum: Personal Consumer Issues
Topic: How to encrypt files for backup?
Replies: 41
Views: 6787

Re: How to encrypt files for backup?

AxCrypt is free and easy to use. I also use it to encrypt sensitive files that I send via email. I encrypt the file with a key that only the receiver and I know.
"AxCrypt is the leading open source file encryption software for Windows. It integrates with Windows for single-click operation."
by kcyahoo
Sun Mar 02, 2014 2:32 pm
Forum: Investing - Theory, News & General
Topic: How are retirees from 2000 doing today ?
Replies: 30
Views: 4579

Re: How are retirees from 2000 doing today ?

I subscribe to the 'Boglehead" stay they course and rebalance at +- 5%. I am now at 30% Stocks and 70% Fixed. My story My 25 year retirement Budget and Investing planning model is on an Excel spreadsheet. I listened to Bob Brinker and took The Independent Guide to the Vanguard Funds newsletter. I stopped both of these several years ago. They did help me early on. I didn't find the DieHards on Morningstar.com until a few years latter. I retired the last day of November 1999. I was 57 and planned to take SS at age 62. I had cash reserves to live on for 5 years (57 - 62). The cash reserves were important because historically when the market takes a dump it lasts on average "18 months". I rolled my 401K and my lump sum to my Vang...
by kcyahoo
Thu Feb 27, 2014 6:56 am
Forum: Personal Consumer Issues
Topic: Just returned new laptop with Window 8.1
Replies: 104
Views: 14119

Re: Just returned new laptop with Window 8.1

I went from Windows 7 to 8.1.
I had a little bit of a learning curve. I used Windows 8.1 for Dummies and Internet searches to help resolve usability issues.
After reading some responses here I tried Powershell. For me It got in the way more than it helped.
At the same time I went to Office 2013 from Office 2003 and from Quicken 2011 to 2013.
I spent more time resolving Office and Quicken issues than 8.1 issues.
I would say that my use of 8.1 is now about the same as Windows 7.
by kcyahoo
Wed Feb 19, 2014 7:58 pm
Forum: Personal Consumer Issues
Topic: Just returned new laptop with Window 8.1
Replies: 104
Views: 14119

Re: Just returned new laptop with Window 8.1

Previous computer ran Windows 7. 7 was solid.
I had Vista (got off this asap) and XP (used for many years) in the past.
Purchased new Lenovo Yoga 2 (SSD) with 8.1.
Installed my apps.
Tried to "go live" with 8.1. Too confusing. Trial and error was not working fast enough for me.
Bought Windows 8.1 for Dummy's from Amazon.
Followed some basic instructions in Dummy's.
Did a few searches on the internet for some issues.
I now run 8.1 pretty much just like 7, except when I have to take my computer to show my wife something. I then fold it back to Tablet Mode and use the touch screen. Sometimes I use Google Cast for this too.
by kcyahoo
Tue Nov 19, 2013 6:46 pm
Forum: Personal Investments
Topic: Advice for Annuities and Inflation in Retirement and Where t
Replies: 11
Views: 1570

Re: Advice for Annuities and Inflation in Retirement and Whe

Develop a monthly expense budget. Include prorated non-monthly expenses and save that amount monthly. Annually inflate by 3% until you are 90. Use a spread sheet and list your income three ways, (1) taking ss when you plan to retire next year and (2) if you take it at 70. The third way (3) would be to work until 70 taking SS at that time. Assume you buy an spia at $100,000 and list monthly payments as income at the time you retire. Then assume your non-spia is invested in Target Retirement income. A basic SPIA does not protect you from inflation but SS (monthly) and Retirement income Fund does (this is not meant to be an absolute statement). This fund income flow is quarterly. Assume your expenses inflate at 3% per year. Assume you will liv...
by kcyahoo
Thu May 17, 2012 7:12 pm
Forum: Personal Finance (Not Investing)
Topic: Mint vs Quicken
Replies: 21
Views: 6750

Re: Mint vs Quicken

If you need a flexible budget capability Mint and Quicken 2012 are terrible. I tried both and had to go back to Quicken 2011. Intuit moved Mint's Budget process to Quicken 2012. Problems include no multiple budgets (this years and next years planning budget), no going back to adjust previous months accounts and many many more budget problems. There are numerous more comments at getsatisfaction. Google search "getsatisfaction quicken budget".

I have used Windows Quicken for 13 years.
by kcyahoo
Sat Feb 18, 2012 7:46 pm
Forum: Personal Finance (Not Investing)
Topic: Do you use mint.com? Security concerns?
Replies: 59
Views: 10272

Re: Do you use mint.com? Security concerns?

I did a test conversion from Quicken to Mint at the end of 2011. I wanted to go to a browser based personal finance system. I gave up on Mint after one week because of its weak and clumsy budget process. I have used Quicken for years and make extensive use of its budget process. I need to note that I installed Quicken 2012 and had to back off because they put the Mint budget process in it. Using Quicken I download transactions from a Bank, Credit Union, Vanguard and a Retailer (credit card).
by kcyahoo
Tue Jan 03, 2012 7:04 am
Forum: Personal Investments
Topic: Early Retiree Portfolio ?
Replies: 1
Views: 775

Re: Early Retiree Portfolio ?

Short Version 1. I retired at 57. You are retiring at 55 with more money than I had. You're moving to TN, I moved to FL. I did not have to pay income taxes for 10 years (mortgage deduction, managed capital gains/loses, etc., took income from taxable accounts first). I now pay 14.5%. My current budget is $92,000 (SS + IRA withdrawals). I too ran the numbers before retirement using Excel. I was naive on what my retirement expenses would be, but pluses and minuses balanced out. I retired at the end of 1999, the market started a (long) dumper in the first quarter of 2000. I continued to rebalance all the way down. 2003 was a very good year (for returns). 2. I went to 50/50 at retirement with 2 years of cash to see me through market rough spots ...
by kcyahoo
Wed Dec 07, 2011 2:03 pm
Forum: Investing - Theory, News & General
Topic: Dan Wiener
Replies: 16
Views: 3004

Re: Dan Wiener

chaz wrote:Dan Wiener helped me with Vanguard funds before this forum started.
Me too.
by kcyahoo
Sun Nov 20, 2011 8:00 am
Forum: Personal Consumer Issues
Topic: When To Upgrade To A New Computer
Replies: 39
Views: 4277

Re: When To Upgrade To A New Computer

I have used Windows Easy Transfer. I works well.

I have copied my data using Windows Explorer onto a USB fob and a USB hard disk. Both work well also.

You will have to reinstall your add-on applications.
by kcyahoo
Tue Nov 15, 2011 3:15 pm
Forum: Personal Consumer Issues
Topic: When To Upgrade To A New Computer
Replies: 39
Views: 4277

Re: When To Upgrade To A New Computer

Another perspective.
Do not spend any more money on this machine.
You can buy a very nice new computer with an I3/I5 processor at Staples, Office Depot or Best Buy for way less than $500.
With the new computer you will have Windows 7, large memory and disk, Integrated Video Processor, N wireless, etc. (all new)
by kcyahoo
Mon Nov 07, 2011 8:52 pm
Forum: Personal Finance (Not Investing)
Topic: Convert Quicken PC to Online Replacement (How to?)
Replies: 4
Views: 937

Convert Quicken PC to Online Replacement (How to?)

1) I have been a Quicken PC user for years and am mostly happy with it. I use it for budgeting, checking, savings, Visa, and mutual fund records. But now I want to be able to do my financial transactions on the IPad (or an Android pad). Has anyone converted to an online Personal Financial manager from Quicken (and are happy with it?)?

2) I make very basic use of Excel and Word. It seems that Docs 2 Go, QuickOffice and Google Docs are viable replacements. Is that correct?

Thanks
by kcyahoo
Fri Oct 14, 2011 3:15 pm
Forum: Personal Consumer Issues
Topic: Carmera recommendations
Replies: 8
Views: 1195

I bought this camera to take on an Alaska/Canada vacation this summer. It was the smallest camera with the biggest zoom I could find and still carry it in a belt holster. It worked out great.

Sony Cyber-shot DSC-HX9V 16.2 MP Exmor R CMOS Digital Still Camera with 16x Optical Zoom G Lens, 3D Sweep Panorama and Full HD 1080/60p Video
by kcyahoo
Sat Sep 17, 2011 9:18 am
Forum: Personal Finance (Not Investing)
Topic: How do you find a Long Term Care agent?
Replies: 79
Views: 8199

Oneanddone wrote:
kcyahoo wrote:We have had Genworth (formally GE Capital) for 11 years. The reason I picked them was because at the time they had the best (only) mental incapacity coverage (Alzheimers). We have had no premium increases.
Huh? Tax qualified policies certainly existed 11 years ago. ALL tax qualified policy cover Alzheimers.
I did not know that. My Genworth policy is tax qualified. I did my own research and do not remember that being the difference. By the way, I also bought the inflation rider. Using as an example, if my policy paid $100 a day 11 years ago it now pays "about" $140 a day now.
by kcyahoo
Fri Sep 16, 2011 8:35 pm
Forum: Personal Finance (Not Investing)
Topic: How do you find a Long Term Care agent?
Replies: 79
Views: 8199

We have had Genworth (formally GE Capital) for 11 years. The reason I picked them was because at the time they had the best (only) mental incapacity coverage (Alzheimers). We have had no premium increases.
by kcyahoo
Tue Jul 26, 2011 9:42 am
Forum: Personal Finance (Not Investing)
Topic: Furnace/AC Filters - 5" v 1"
Replies: 29
Views: 19556

+1

My filter holders are a little under standard size. I found replacements here.
MarcMyWord wrote:We don't have any "exotic" intake filter sizes in our house, but in general have had good experiences buying from this mail–order company:
http://www.filters-now.com
by kcyahoo
Mon Jul 25, 2011 8:52 am
Forum: Investing - Theory, News & General
Topic: Latest interview with Bill Bernstein from IndexUniverse
Replies: 97
Views: 14011

Maybe we can cut some programs to help out. This is the short list. One hundred million here, one hundred million there, pretty some we're talking real money. IS THERE ANYTHING LISTED THAT YOU CAN'T LIVE WITHOUT? Corporation for Public Broadcasting Subsidy. $445 million annual savings. Save America 's Treasures Program. $25 million annual savings. International Fund for Ireland . $17 million annual savings. Legal Services Corporation. $420 million annual savings. National Endowment for the Arts. $167.5 million annual savings. National Endowment for the Humanities. $167.5 million annual savings. Hope VI Program.. $250 million annual savings. Amtrak Subsidies. $1.565 billion annual savings. Eliminate duplicative education programs. H.R. 2274 ...
by kcyahoo
Tue Jun 14, 2011 9:26 am
Forum: Personal Consumer Issues
Topic: Shopping for watches
Replies: 104
Views: 12613

I purchased a $20 Sport Timex on sale 12+ years ago. I seem to remember putting a replacement battery in it several years ago. It still works great. It is water resistant, accurate, light, legible and comfortable. It has Chronograph and Alarm. I still have my "dress gold" Timex from when I was working. It still works and looks good.
by kcyahoo
Sat Jun 11, 2011 9:02 am
Forum: Personal Consumer Issues
Topic: Keeping track of ideas and references
Replies: 15
Views: 2767

There was no conversion program for me. EPIM does have some import capability. You just need to see if it applies to you. It was easier than I thought it would be. I was able to use some import and the rest cut and paste. I started by converting all of my data that I use on a regular basis (Calendar, Notes, ToDo). I still have a ways to go.

For Notes it will use the first line as the default Note name. For me I had used the first line of my Note as a title so I could search on it.
by kcyahoo
Thu Jun 09, 2011 4:04 pm
Forum: Personal Consumer Issues
Topic: Keeping track of ideas and references
Replies: 15
Views: 2767

I just recently started using EssentialPIM (Person Information Manager) after using Lotus Organizer for the last 12 years. EPIM is a very flexible tool. I think it is great. EPIM has a free version and a pay version.

"EssentialPIM is a personal information manager that allows you to keep all your information in electronic form. All your appointments, tasks, notes, contacts, password entries and email messages are stored in a graphical user interface and easily accessible form."

Take a look at it here:


http://www.essentialpim.com/
by kcyahoo
Sun May 08, 2011 7:09 am
Forum: Personal Consumer Issues
Topic: Dedicated laptop- computer question
Replies: 20
Views: 2469

I use AxCrypt file encryption. You encrypt only the files you want to encrypt. Each file can have a different password. I use just one password for the files I protect. It works great and is free. You can also email these file safely. Of course the other end has to have the AxCrypt program and the file's password.
by kcyahoo
Sat May 07, 2011 3:18 pm
Forum: Personal Finance (Not Investing)
Topic: Six figure jobs are a dime a dozen
Replies: 99
Views: 15496

Re: Six figure jobs are a dime a dozen

15% of household incomes are above 100K. I think this statistic alone (especially if adjusted for 2-income households) is enough to establish that these jobs are definitely not "a dime a dozen." As for how to get such a job, it's probably a combination of: (1) hard work (often necessary but not sufficient); (2) starting point (including family upbringing, stability, and finances, etc.); (3) innate ability; and (4) luck. The mix probably varies from person to person. Any time someone singles out only one of these factors as *the* factor (to the exclusion of all else), I get the feeling that it says more about their own particular experiences and what they would prefer to believe. I agree with this holistic view. I have always said...
by kcyahoo
Sat May 07, 2011 1:04 pm
Forum: Personal Finance (Not Investing)
Topic: Six figure jobs are a dime a dozen
Replies: 99
Views: 15496

mithrandir wrote:If I had a nickel for every mention of the term "hard work"...

What is "hard work"? Seriously. What does it mean to work hard?
I do not want to start a definition war here.
I always took "Hard Work" to mean someone who did a good job but then went further (spent more time, contributed more/new ideas, etc.) to make the (product, program, display, etc.) higher quality and or more useful. Doing more than was necessary/expected. Showing extra initiative. Like a student doing an "extra credit" project. Sure, some find these things easier to do, but for the rest of us we have to work harder to achieve better results.
by kcyahoo
Fri May 06, 2011 2:25 pm
Forum: Personal Finance (Not Investing)
Topic: Six figure jobs are a dime a dozen
Replies: 99
Views: 15496

About 80% of the population doesn't have the mental skill set to earn six figures. It's naive to think that guy working at Burger King could make it through med school if he just tried a little harder. Nick I don't know what the % is. I graduated at the bottom of my high school class (after failing several subjects and retaking them) and joined the Army reserve before graduation, after all what were my options? After the Army I went to an off-the-wall trade school. I got hired by a large company where I had to look up to see the bottom rung of the career ladder. After a few years I started college (thanks to some prodding from my manager). 11 years later, all at night, and while raising a family, I got a general business degree. During thi...
by kcyahoo
Fri May 06, 2011 2:05 pm
Forum: Personal Finance (Not Investing)
Topic: Financial plan for my wife if I were to pass away
Replies: 24
Views: 5654

Here is something to look at. In part: A Summary of our Final Instructions Letters 1 Upon XX's death YY should contact our Estate Attorney: 1a Discuss options for disposition of XX's IRA in the context of current law. - YY's options for XXs IRA are to renounce it, re-title it, or roll it to her IRA. - I expect YY will roll XX's IRA into YY's IRA MM fund then allocate her entire IRA as described below. 1b As soon as possible YY should re-title and name new beneficiaries on all assets; consider trust and stretch IRA issues and opportunities. 1c Discuss XX's Living Trust options. 1d Review the three 529 plans at www.collegesavingsiowa.com - Records for the three 529's are in the same Financial folder as this file. - I expect YY will continue t...
by kcyahoo
Mon May 02, 2011 11:01 am
Forum: Personal Finance (Not Investing)
Topic: [POLL] what are your monthly non-mortgage expenses?
Replies: 42
Views: 6937

How about two polls, one for non-retirees and one for retirees.
by kcyahoo
Mon May 02, 2011 8:27 am
Forum: Investing - Theory, News & General
Topic: Sell in May and Go Away?
Replies: 27
Views: 4819

VennData wrote:Rebalance in May
And stay that way.
Very good.
by kcyahoo
Fri Apr 29, 2011 12:27 pm
Forum: Investing - Theory, News & General
Topic: Retiring on a Passive Portfolio
Replies: 121
Views: 18477

I know that for they sake of your argument you don't care what age the children are. The fact is, if parents aren't making it, then children or other family members often step in to help. In many of those cases, there isn't a nursing home and there isn't assisted living - there's move in with children or other family caregivers. That's the way families function. This is never entered into Armageddon type Monti Carlo simulation projections in retirement years, but it's what actually happens. Rick Ferri While my wife an I do not expect it my daughter and her husband has already told us they would "take us in" if the situation called for it. My wife and I have LTC insurance that include payments to family members for covered services.
by kcyahoo
Fri Apr 29, 2011 12:22 pm
Forum: Investing - Theory, News & General
Topic: Retiring on a Passive Portfolio
Replies: 121
Views: 18477

ResNullius wrote:Great analysis and discussion. I've always known that the 4% SWR is much overblown, given that a person could take much more out and still have a huge probability of ending life with more than he/she started. I think a lot of folks plan for the worst-case, thus the 4% rule. On the other hand, the past 12 years were quite bad in terms of market performance, and a person could have withdrawn 6% and still ended the period with more than he/she started. Yeah, inflation was left out, but that doesn't change an apple into an orange over 12 years.
+1
by kcyahoo
Tue Apr 26, 2011 11:35 am
Forum: Personal Finance (Not Investing)
Topic: Help -- MSNQuotes is screwed up in Excel
Replies: 8
Views: 1239

Do a Google search on "excel msn quotes".
by kcyahoo
Fri Apr 22, 2011 8:37 am
Forum: Personal Investments
Topic: Multi million dollar inheritance where do i start
Replies: 117
Views: 20243

rcole33856 wrote:Even if I put the money under my mattress and take out 500k per year it will last 30 years. So yes i believe I can get another ten years if need be with prudent investments.
Exactly.
by kcyahoo
Thu Apr 21, 2011 11:56 am
Forum: Personal Investments
Topic: Multi million dollar inheritance where do i start
Replies: 117
Views: 20243

I'm not sure "withdrawal rate" makes a lot of sense to talk about in this situation. First of all, the bulk of this $$$ will be in after-tax investments so some of the usual strategizing is not applicable. And the comparison of average monthly expenses to the steady cash flow from a 3% SWR is also a bit silly when dealing with a LARGE portfolio. I'd expect there would be some large (well thought out!) lump sum withdrawals to fund meaningful lifestyle choices. So I'm not sure what sort of algorithm one should use to supervise this situation... I agree with this point. It says, in part, what I was trying to say. Regarding your question rcole33856, my portfolio has fluctuated. The market downturn from 2000 - 2003 for instance. Fortu...