Search found 2871 matches

by am
Sun May 19, 2019 1:08 pm
Forum: Investing - Theory, News & General
Topic: 4%rule
Replies: 18
Views: 2188

Re: 4%rule

Yes, seems pessimism and preparing for the worst are a common theme on these forums. Even a bottom 10% return outcome would leave many here with too much money at the end.
by am
Sun May 19, 2019 9:34 am
Forum: Investing - Theory, News & General
Topic: 4%rule
Replies: 18
Views: 2188

Re: 4%rule

Is the 4% rule in addition to other income such as SS and pensions. The '4% rule' is basically this: from 1926-current, a U.S. retiree could have withdrawn 4% in year 1 from an all U.S. investment portfolio, composed of about 50% stocks and 50% bonds, and withdraw that same dollar amount in every s...
by am
Wed May 15, 2019 12:11 pm
Forum: Personal Investments
Topic: Vanguard Municipal Money Market VMSXX 1.39%
Replies: 339
Views: 52045

Re: Vanguard Municipal Money Market VMSXX 1.39%

Dropped another 6 basis points to 1.57% today. Has been dropping about 6 basis points per day since 5/8. TEY for 35% fed, 5% state is now below prime mm. Thinking of switching, maybe short term muni fund? First, at those tax rates, based on SEC yield of 1.57%, your TEY for VMSXX is 2.49%, so still ...
by am
Wed May 15, 2019 8:37 am
Forum: Personal Investments
Topic: Vanguard Municipal Money Market VMSXX 1.39%
Replies: 339
Views: 52045

Re: Vanguard Municipal Money Market VMSXX 1.39%

Kevin M wrote:
Tue May 14, 2019 8:36 pm
Vanguard Fan 1367 wrote:
Tue May 14, 2019 5:52 pm
I believe it is now down to 1.63%
Dropped another 6 basis points to 1.57% today. Has been dropping about 6 basis points per day since 5/8.

Kevin
TEY for 35% fed, 5% state is now below prime mm. Thinking of switching, maybe short term muni fund?
by am
Sat May 11, 2019 1:37 pm
Forum: Investing - Theory, News & General
Topic: Bitcoin: What is it, in Plain English
Replies: 120
Views: 21317

Re: Re:

It's at the beginning of a new uptrend cycle which will likely peak in 2021. :confused Bitcoins been going up now near 7k. Would love to ride the wave to 20k+ or maybe closer to 0: :D . Keep having to fight the itch to throw some money into my Coinbase account which right now has almost nothing, Ke...
by am
Sun May 05, 2019 7:20 pm
Forum: Personal Investments
Topic: Futures Down
Replies: 45
Views: 3145

Re: Futures Down

It’s fun seeing portfolio reach all time highs and tomorrow will break the streak. But I know that market fluctuates and market drops are good for us accumulators.
by am
Sun May 05, 2019 11:59 am
Forum: Investing - Theory, News & General
Topic: Diversifying beyond stock and bonds
Replies: 19
Views: 1605

Re: Diversifying beyond stock and bonds

I’ve seen many diversifiers discussed here over the years such as commodity futures funds, qspix, metals, but seems like they all peter out. Not sure why stocks, bonds and cash are not enough?
by am
Sun May 05, 2019 9:56 am
Forum: Investing - Theory, News & General
Topic: Muni MM Closing in on Prime MM
Replies: 16
Views: 2231

Re: Muni MM Closing in on Prime MM

I use Vanguard High Yield Tax Exempt Admiral (VWALX) for the purpose most people use Prime or Muni MM, so I’ve got a ways to go before I jump entirely to Prime. I’m definitely watching it, though, and my next monthly transfer will be into Prime instead of the junk bond muni. Yes, I’m well aware of ...
by am
Sun May 05, 2019 9:46 am
Forum: Investing - Theory, News & General
Topic: Muni MM Closing in on Prime MM
Replies: 16
Views: 2231

Re: Muni MM Closing in on Prime MM

I use Vanguard High Yield Tax Exempt Admiral (VWALX) for the purpose most people use Prime or Muni MM,<snip> No, you don't. Well, it depends what you mean by "purpose". Someone could also say they use a stock fund for the same purpose, but saying either is really just saying you don't use cash or c...
by am
Sun May 05, 2019 9:37 am
Forum: Personal Investments
Topic: Vanguard Free/Zero Funds
Replies: 43
Views: 4083

Re: Vanguard Free/Zero Funds

danaht wrote:
Sat May 04, 2019 5:03 pm
If Fidelity can do it - so can Vanguard. Vanguard could justify the expense as a way to get more business - just like what Fidelity did.
What is vanguards motivation for growing if they run at cost?
by am
Fri May 03, 2019 8:14 am
Forum: Personal Finance (Not Investing)
Topic: Opening Solo 401k question for small contribution
Replies: 1
Views: 155

Opening Solo 401k question for small contribution

I have an employer sponsored 401k with employee + match =36k. I have about 3k of 1099 income this year and was wondering if I should open a Fidelity solo 401k for a small contribution as a sole proprietor.. I may have no to similar amounts of earnings in future years. Also if I leave my job, I’ll ha...
by am
Thu May 02, 2019 3:00 pm
Forum: Personal Investments
Topic: Vanguard Intermediate-Term Tax-Exempt VWITX makes no sense?
Replies: 43
Views: 3890

Re: Vanguard Intermediate-Term Tax-Exempt VWITX makes no sense?

What do you guys think about going from vang int muni to muni money market until yields diverge?
by am
Wed May 01, 2019 6:23 pm
Forum: Personal Investments
Topic: Same Yield for VG Intermediate Term Tax Exempt vs. Municipal MM
Replies: 6
Views: 757

Re: Same Yield for VG Intermediate Term Tax Exempt vs. Municipal MM

Today, the yield for both VWITX (intermediate term tax exempt) and VMSXX (municipal money market) are identical, at 2.03%. Given that the former bears interest and duration risk, is there any reason to pick it over VMSXX at this time? (In a Taxable account, of course) The muni mm yield will soon cr...
by am
Tue Apr 30, 2019 12:59 pm
Forum: Personal Finance (Not Investing)
Topic: Mental/nervous - weird explanation...
Replies: 9
Views: 1945

Re: Mental/nervous - weird explanation...

If your a physician, with a 2 yr disability from mental nervous substance abuse etc. , you will face enormous hurdles to get back into practice...
by am
Sun Apr 28, 2019 11:39 am
Forum: Investing - Theory, News & General
Topic: Justifying Home Bias in your Portfolio
Replies: 97
Views: 6132

Re: Justifying Home Bias in your Portfolio

International has outperformed US before for years. I’m 60 us/40 int. I’m hoping continuous contributions to international at lower valuations will one day push me fast past my number as international finally outperforms. I gotta admit, my patience is running thin, however, I’ve learned to stay the ...
by am
Sun Apr 28, 2019 11:35 am
Forum: Investing - Theory, News & General
Topic: When do you notice the compounding at work?
Replies: 137
Views: 27207

Re: When do you notice the compounding at work?

Here's a real life example...this is a graph of my actual retirement accounts with the dollar values omitted. I'm 49 and got a late start due to grad school and having children at a relatively young age. Since I am a business owner I am able to make fairly significant contributions to a SEP and a s...
by am
Fri Apr 26, 2019 8:36 pm
Forum: Personal Investments
Topic: Vanguard Municipal Money Market VMSXX 1.39%
Replies: 339
Views: 52045

Re: Vanguard Municipal Money Market VMSXX 1.39%

Why is the yield curve flat to inverting for muni funds? Short term and limited term muni funds yielding less than money market and int. Muni not far ahead of the money market? What’s going on?
by am
Wed Apr 17, 2019 6:44 pm
Forum: Personal Investments
Topic: (Another) Should I invest in my non-govermental 457 (b) or something else?
Replies: 18
Views: 1109

Re: (Another) Should I invest in my non-govermental 457 (b) or something else?

If your investing >100-150k+ a yr, then it doesn’t really matter. It’s “only” 19k pre tax which reduces take home by 10-11k. Just noise, same with if you lose it. After investing all those years its not going to break your expected retirement. And this is bogleheads, so hyper worrying and catastroph...
by am
Tue Apr 16, 2019 12:17 pm
Forum: Investing - Theory, News & General
Topic: Why does the stock market go up in the long term?
Replies: 62
Views: 4606

Re: Why does the stock market go up in the long term?

I wonder if the widespread adoption of retirement accounts like 401ks, low cost investment vehicles, more knowledge available with the internet , more indexing has created a situation where the market is more likely to keep going up since more people are buying?
by am
Tue Apr 16, 2019 9:07 am
Forum: Personal Investments
Topic: (Another) Should I invest in my non-govermental 457 (b) or something else?
Replies: 18
Views: 1109

Re: (Another) Should I invest in my non-govermental 457 (b) or something else?

I max my non gov 457b and have few worries as my major top ranked hospital system has good financials and the plan has good distribution and investment options. At my bracket, it costs only 11k or so in reduced take home pay to max it. First I heard that physical assets are first in line for credito...
by am
Sat Apr 13, 2019 3:43 pm
Forum: Personal Finance (Not Investing)
Topic: Can I semi-retire now?
Replies: 138
Views: 12771

Re: Can I semi-retire now?

Howdy, This forum has been a tremendous help in sorting out my finances the past few years. Thank you. I am hoping to benefit from the forum’s wisdom on a specific question: Can I semi-retire in Fall (at the start of the next school year)? Situation: Married with two kids: this fall, the older one ...
by am
Sat Mar 30, 2019 8:43 pm
Forum: Investing - Theory, News & General
Topic: Best Fund/ETF for Diversified Commodities Today...
Replies: 15
Views: 1136

Re: Best Fund/ETF for Diversified Commodities Today...

Is a commodity futures fund still not recommended by most now that the expense ratios are down? Seems like the performance has been very poor recently.
by am
Sun Mar 24, 2019 9:58 am
Forum: Investing - Theory, News & General
Topic: Who discovered sequence of returns risk?
Replies: 47
Views: 2978

Re: Who discovered sequence of returns risk?

I am surprised that none of you is referencing the recent work done by Big ERN (Early Retirement Now) and his (to-date) 31-part study of safe withdrawal rates (SWR) and how they are affected by sequence of returns (SOR). His study discusses various strategies - e.g., having enough bonds or cash to ...
by am
Sat Mar 23, 2019 7:19 pm
Forum: Investing - Theory, News & General
Topic: exotic ETFs
Replies: 16
Views: 1068

Re: exotic ETFs

Anything people would like to see that isn’t covered? I’d like to see a micro cap or small cap frontier markets fund. Foreign microcap would do as well. Seems like the diversification benefit would be high with positive expected returns.
by am
Sun Mar 17, 2019 5:14 pm
Forum: Personal Investments
Topic: Tax-Exempt Bond Fund options
Replies: 15
Views: 1690

Re: Tax-Exempt Bond Fund options

VWITX is the textbook answer. Why? Because it's an intermediate-term (duration) fund, so sits on the sweet spot on the risk/return yield curve. It's also a "daily-accrual" fund so exempt from the IRS 6-month holding period requirement to protect tax-exempt dividends. Meaning you can buy shares toda...
by am
Sun Mar 17, 2019 10:02 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Retirement More Than Just Money
Replies: 6
Views: 1817

Re: Larry Swedroe: Retirement More Than Just Money

vencat wrote:
Fri Mar 15, 2019 7:10 pm
Old medical saying...
Throw away the pipe and cut down on the beer! :sharebeer
Nonsense, beer is good for you :D

https://www.piedmont.org/living-better/ ... ts-of-beer
by am
Sun Mar 17, 2019 9:45 am
Forum: Personal Investments
Topic: Tax-Exempt Bond Fund options
Replies: 15
Views: 1690

Re: Tax-Exempt Bond Fund options

VWITX is the textbook answer. Why? Because it's an intermediate-term (duration) fund, so sits on the sweet spot on the risk/return yield curve. It's also a "daily-accrual" fund so exempt from the IRS 6-month holding period requirement to protect tax-exempt dividends. Meaning you can buy shares toda...
by am
Sun Mar 17, 2019 9:14 am
Forum: Personal Investments
Topic: How to realistically FIRE?
Replies: 310
Views: 21754

Re: How to realistically FIRE?

I think the formula is really (# of years left to live ) * expenses. At age 50 I would want 40 * expenses. At 65, 25 * expenses works well. I've not seen this said before, but I think it's a very fair and reasonable way to look at it. How your assets are allocated and how close your expenses are to...
by am
Sun Mar 17, 2019 9:12 am
Forum: Personal Investments
Topic: How to realistically FIRE?
Replies: 310
Views: 21754

Re: How to realistically FIRE?

Are people posting these ultra conservative 2-3% swr because of health and long term care insurance? If so, would you up the swr if some more affordable and guaranteed insurance options were available? It just seems that these ultra conservative numbers aren’t supported by any historical data and ar...
by am
Sat Mar 16, 2019 11:47 am
Forum: Personal Investments
Topic: The future of BMBIX
Replies: 10
Views: 956

Re: The future of BMBIX

The difference between defaults on aaa,aa,a is negligible for me. I choose the cheapest and most convenient vehicle which is vwitx, Vang int. Muni fund. I feel like we’re splitting hairs. It’s such a low return safe investment no matter which fund you use that’s investment grade,
by am
Sat Mar 16, 2019 9:14 am
Forum: Personal Investments
Topic: How to realistically FIRE?
Replies: 310
Views: 21754

Re: How to realistically FIRE?

4% has worked in US but surprisingly few countries outside US. Maybe this has to do with war, communist takeover and other disasters. How would 4% work if you exclude countries where markets were shut down or other disasters look? Since most of us invest globally almost for free, have tons of knowle...
by am
Fri Mar 15, 2019 1:19 pm
Forum: Personal Investments
Topic: How to realistically FIRE?
Replies: 310
Views: 21754

Re: How to realistically FIRE?

Jack FFR1846 wrote:
Thu Mar 14, 2019 9:09 am
25X gets you 30 years of retirement. Will you and your spouse be dead in 30 years, for sure? If so, you're good to go.
25x gets you 30 yrs in the worst of cases. Much more on average, and even more when markets are good.
by am
Sat Mar 09, 2019 10:48 pm
Forum: Personal Finance (Not Investing)
Topic: Is a million really the benchmark for retirement
Replies: 153
Views: 23617

Re: Is a million really the benchmark for retirement

what should someone do at 44 if they have 1.5 million, payed off house, ss and 20k pension at 62 with health? Partner makes 100k from business but could diseappear or go down. Expenses are roughly 100k with kids but will be less hopefully in 10 yrs. Keep working to reach the number, work less and co...
by am
Sat Mar 09, 2019 10:43 pm
Forum: Personal Finance (Not Investing)
Topic: What are your personal experiences with downside of early retirement?
Replies: 69
Views: 10165

Re: What are your personal experiences with downside of early retirement?

So for me, the downside is when talented, older engineers walk out the door with irreplaceable experience. That has nothing to do with early retirement. Instead, it's solely due to management making the mistake of having replacements ready to go. Nobody is truly "irreplaceable". I disagree. In medi...
by am
Sat Mar 09, 2019 11:57 am
Forum: Investing - Theory, News & General
Topic: Does The 4% Rule Work Around The World?
Replies: 23
Views: 1506

Re: Does The 4% Rule Work Around The World?

But 2s and 3s swr are worst case. Why not go with 4-4.5% and save enough money so that if things go bad, you can decrease expenses to essentials? That way you can spend more most of the time and not be the richest in the cemetery?
by am
Thu Mar 07, 2019 10:59 am
Forum: Personal Finance (Not Investing)
Topic: What to expect from accounting services?
Replies: 4
Views: 644

Re: What to expect from accounting services?

What you describe does not seem like 'accounting services'. It seems like tax preparation only. If it's super cheap, then you are probably only paying for tax preparation. Have you asked about accounting services? (Bookkeeping, reporting, strategy, advice?) We asked and he said that if there are an...
by am
Wed Mar 06, 2019 3:40 pm
Forum: Personal Finance (Not Investing)
Topic: What to expect from accounting services?
Replies: 4
Views: 644

What to expect from accounting services?

I’m wondering what the standard of service is for those of you who use accountants. Our taxes include a w2 and small business return. Usually we meet with our accountant annually, give him all of our data, and he prepared a personal and business tax return in front of us. He also does our small busi...
by am
Wed Mar 06, 2019 11:01 am
Forum: Personal Finance (Not Investing)
Topic: Pharmacist - Need advice
Replies: 27
Views: 2228

Re: Pharmacist - Need advice

A little off topic, but this is also happening in medicine as corporations takeover and employ physicians. Productivity trumps all in these type of environments. After all, the MD is the liability sponge not the corporation. If MDs want to keep their job in this environment they’ll do more and more ...
by am
Wed Mar 06, 2019 10:11 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity 401k-avoiding plan fees with brokeragelink question
Replies: 6
Views: 282

Re: Fidelity 401k-avoiding plan fees with brokeragelink question

Your current employer's fees will not be assessed at a new employer or at a rollover IRA. How could they? If by Fidelity you mean the brokerage link is at Fidelity, then they are not the plan administrator for your 401k and would hardly know anything about it. What fees will be assessed at your new...
by am
Wed Mar 06, 2019 9:52 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity 401k-avoiding plan fees with brokeragelink question
Replies: 6
Views: 282

Re: Fidelity 401k-avoiding plan fees with brokeragelink question

My employer charges .06% annual fees of account balance for 401k but somehow I was able to avoid these fees for multiple years by using brokeragelink exclusively. Does anyone know if the fee will be assessed when I switch jobs and rollover funds to a new account? Does anyone have any experience wit...
by am
Wed Mar 06, 2019 8:07 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity 401k-avoiding plan fees with brokeragelink question
Replies: 6
Views: 282

Fidelity 401k-avoiding plan fees with brokeragelink question

My employer charges .06% annual fees of account balance for 401k but somehow I was able to avoid these fees for multiple years by using brokeragelink exclusively. Does anyone know if the fee will be assessed when I switch jobs and rollover funds to a new account? Does anyone have any experience with...
by am
Thu Feb 28, 2019 10:53 pm
Forum: Investing - Theory, News & General
Topic: Predicting future Exp. Ratio changes on Vanguard funds...
Replies: 20
Views: 1575

Re: Predicting future Exp. Ratio changes on Vanguard funds...

I am thinking that vanguard expense ratios can never be 0 since these are set on actual operating expenses. Correct me if I’m wrong. That is also my perception. But for all practical purposes, most of the existing ERs are already low enough to not move the needle by much. If I went to 0 on my expen...
by am
Thu Feb 28, 2019 10:28 pm
Forum: Investing - Theory, News & General
Topic: Predicting future Exp. Ratio changes on Vanguard funds...
Replies: 20
Views: 1575

Re: Predicting future Exp. Ratio changes on Vanguard funds...

I am thinking that vanguard expense ratios can never be 0 since these are set on actual operating expenses. Correct me if I’m wrong.
by am
Thu Feb 28, 2019 4:29 pm
Forum: Investing - Theory, News & General
Topic: Defaults Hurt, But Emerging Debt Still Wins in the Long Run
Replies: 27
Views: 2467

WSJ on emerging market bonds

https://www.wsj.com/articles/defaults-h ... 1551186002

Emerging market bonds deliver good returns over the long run despite defaults. Do you think a 3 funder should include this as a fourth fund for diversification?
by am
Tue Feb 19, 2019 7:06 pm
Forum: Personal Investments
Topic: “Won the Game” how do you know?
Replies: 96
Views: 8158

Re: “Won the Game” how do you know?

If you won the game as stated above, should that won money be put into safe place like a CD, bonds or a SPIA? Paul I also wonder that? Let’s say you hit your number, do you adjust allocation to protect the money or keep investing for the long term? I have these thoughts also. It's a personal decisi...
by am
Tue Feb 19, 2019 5:45 pm
Forum: Personal Investments
Topic: “Won the Game” how do you know?
Replies: 96
Views: 8158

Re: “Won the Game” how do you know?

If you won the game as stated above, should that won money be put into safe place like a CD, bonds or a SPIA? Paul I also wonder that? Let’s say you hit your number, do you adjust allocation to protect the money or keep investing for the long term? That's part of the problem with the whole "won the...
by am
Tue Feb 19, 2019 1:31 pm
Forum: Personal Investments
Topic: “Won the Game” how do you know?
Replies: 96
Views: 8158

Re: “Won the Game” how do you know?

CWRadio wrote:
Tue Feb 19, 2019 1:26 pm
If you won the game as stated above, should that won money be put into safe place like a CD, bonds or a SPIA?
Paul
I also wonder that? Let’s say you hit your number, do you adjust allocation to protect the money or keep investing for the long term?
by am
Tue Feb 19, 2019 12:25 pm
Forum: Investing - Theory, News & General
Topic: VWITX vs MUB [Vanguard Inter-Term Tax-Exempt vs. iShares Nat'l Muni Bond]
Replies: 10
Views: 1024

Re: VWITX vs MUB

I like to have active management (Vang. Int muni fund) in the muni space so that vanguards analysts can analyze the bonds based on their merits rather then on the bond rating agencies alone which have been very wrong in the past. I Ike the flexibility this fund offers to the managers given its activ...
by am
Tue Feb 19, 2019 12:16 pm
Forum: Personal Investments
Topic: “Won the Game” how do you know?
Replies: 96
Views: 8158

Re: “Won the Game” how do you know?

I am in mid 40s and may have won the game already assuming SS+pension+savings. Right now with 4%swr + pension and ss I can cover a nice years worth of retirement expenses. This doesn’t take into account any future savings,growth or downsizing of house. The problem is that I don’t have easy or any ac...