Search found 1681 matches

by 22twain
Sat Feb 16, 2019 11:05 am
Forum: Personal Investments
Topic: Portfolio too diversified?
Replies: 15
Views: 789

Re: Portfolio too diversified?

ReluctantSonInLaw wrote:
Sat Feb 16, 2019 10:00 am
performance has not been good
Compared to what? Make sure you're comparing similar mixes of apples and oranges (stocks and bonds).
by 22twain
Sat Feb 16, 2019 12:37 am
Forum: Personal Finance (Not Investing)
Topic: Retirement Budgeting - What Do You Spend?
Replies: 32
Views: 2632

Re: Retirement Budgeting - What Do You Spend?

Married couple, mid/late 60s, one completely retired, one working part time; house paid off; no major health issues; VLCOL area. Our spending is low enough compared to our assets and income that we don't feel the need to "budget." Based on the past few years, and known changes, I project this year's...
by 22twain
Fri Feb 15, 2019 6:06 pm
Forum: Personal Consumer Issues
Topic: One week family vacation in Miami/Fort Lauderdale Area
Replies: 36
Views: 1801

Re: One week family vacation in Miami/Fort Lauderdale Area

If you are staying in Ft. Lauderdale or Miami, you can easily access the Brightline station in each city from anywhere for a $5-$12 Uber/Lyft ride. A one-way ticket between Miami and Ft. Lauderdale is approx. $15. I've taken it into Miami before, and then it cost about $12 to take a Lyft to South B...
by 22twain
Wed Feb 13, 2019 6:35 pm
Forum: Personal Consumer Issues
Topic: separate computers for specific purposes--how many and for what?
Replies: 35
Views: 2500

Re: separate computers for specific purposes--how many and for what?

I use a single Mac with three login accounts with different passwords: (1) system admin, (2) financial and medical stuff, (3) everything else. Accounts 2 and 3 do not have system admin privileges.
by 22twain
Mon Feb 11, 2019 2:02 pm
Forum: Personal Finance (Not Investing)
Topic: Newlyweds and joint accounts for household expenses
Replies: 120
Views: 5502

Re: Newlyweds and joint accounts for household expenses

What I am curious about for those of you with separate accounts, how do you handle joint expenses that aren't in the household budget? We've never had a "household budget". As I noted before, we don't replenish the joint account monthly with a pre-budgeted amount. We simply put in a largish lump of...
by 22twain
Sun Feb 10, 2019 4:09 pm
Forum: Personal Finance (Not Investing)
Topic: Newlyweds and joint accounts for household expenses
Replies: 120
Views: 5502

Re: Newlyweds and joint accounts for household expenses

What I had envisioned doing was we'd each still have our income direct deposited in our separate accounts and then biweekly or monthly we'd each contribute to the joint account accordingly. We have his, hers and joint accounts, with paychecks going into the personal accounts, and with equal contrib...
by 22twain
Mon Feb 04, 2019 11:33 pm
Forum: Personal Finance (Not Investing)
Topic: If On Medicare Before SS, How Do You Pay?
Replies: 46
Views: 3879

Re: If On Medicare Before SS, How Do You Pay?

My Medicare coverage began in January, after applying for it late November / early December at my local SS office. No SS yet; I'm waiting until age 70 for that. My first premium bill arrived in early January, dated 12/27/2018 and due 1/25/2019. I was expecting it to be for one quarter (three months)...
by 22twain
Mon Feb 04, 2019 2:39 am
Forum: Personal Investments
Topic: Accumulating to Spending Stage
Replies: 23
Views: 1860

Re: Accumulating to Spending Stage

There's some material in the Bogleheads Wiki: https://www.bogleheads.org/wiki/Outline_of_retirement_planning#Withdrawal_methods There are also regular discussions that touch on which accounts to withdraw from, and how to withdraw. For example, this thread started just last Friday: What do wise peopl...
by 22twain
Sun Feb 03, 2019 8:52 pm
Forum: Personal Investments
Topic: Is dividend/cap gain reinvestment supposed to look like a loss?
Replies: 30
Views: 1330

Re: Is dividend/cap gain reinvestment supposed to look like a loss?

If I have four quarters in my pocket worth a dollar and the treasury gives me a nickle for each quarter and reduces the value of the quarter to 20 cents each I now only have 80 cents worth of quarters and 20 cents worth of nickles totaling $1. How am I ahead? If I had received 20 cents interest on ...
by 22twain
Sat Feb 02, 2019 12:18 am
Forum: Investing - Theory, News & General
Topic: The most important driver of retirement portfolio success (having enough nestegg at retirement)
Replies: 52
Views: 5662

Re: The most important driver of retirement portfolio success (having enough nestegg at retirement)

I'm going to guess:

4) something else - automatic enrollment with a suitable default contribution % and allocation, which can be changed by the participant if he/she chooses to do so.
by 22twain
Fri Feb 01, 2019 3:30 pm
Forum: Investing - Theory, News & General
Topic: Dividends grow by 'double compounding'?
Replies: 15
Views: 1482

Re: Dividends grow by 'double compounding'?

Dividend paying stocks do not offer significantly greater returns than the totality of all stocks. To illustrate this point, here's a Morningstar "growth chart" that compares two mutual funds: Vanguard High Dividend Yield Index (VHDYX) and Vanguard Total Stock Market Index (VTSMX). Each fund starts...
by 22twain
Fri Feb 01, 2019 10:25 am
Forum: Personal Investments
Topic: What do wise people do with 401(k) balances?
Replies: 35
Views: 4563

Re: What do wise people do with 401(k) balances?

I want to know what wise and expense conscious people do with accumulated 401(k)money? It depends on a number of factors, for example: - The amount in the 401(k) - Estimated annual expenses (including taxes; and medical expenses which depend on whether you're retiring before or after Medicare age) ...
by 22twain
Thu Jan 31, 2019 6:13 pm
Forum: Personal Consumer Issues
Topic: iPhones with trade in
Replies: 22
Views: 1227

Re: IPhone Sale from APple

It does look like Apple has increased the trade-in values. So my 5S is now worth $40 instead of $30. Maybe I should hold out for $50. 8-) I've been waffling for a while about whether to upgrade to an 8 or to an XR. Actually my wife has dibs on the 5S if I do upgrade (it would be her first smartphon...
by 22twain
Thu Jan 31, 2019 6:04 pm
Forum: Personal Consumer Issues
Topic: Use of DAC
Replies: 11
Views: 811

Re: Use of DAC

Blueskies123 wrote:
Thu Jan 31, 2019 5:02 pm
people are bypassing stereo receivers (too many commercials)
When did stereo receivers start doing commercials? Do they insert them automatically every few songs from your CD or whatever? :shock:
by 22twain
Thu Jan 31, 2019 9:50 am
Forum: Personal Finance (Not Investing)
Topic: What do you think are (some of) the best states to live in?
Replies: 144
Views: 13120

Re: What do you think are (some of) the best states to live in?

Glockenspiel wrote:
Thu Jan 31, 2019 7:41 am
It was only -28 yesterday morning and it’s -26 right now. Not -65. Where did you find that fake news?
Probably the "wind chill" which gets more publicity than the actual temperature at times like this. :annoyed

I'll gladly take our balmy +21 degrees over your -26 this morning!
by 22twain
Wed Jan 30, 2019 9:39 pm
Forum: Personal Finance (Not Investing)
Topic: What do you think are (some of) the best states to live in?
Replies: 144
Views: 13120

Re: What do you think are (some of) the best states to live in?

bengal22 wrote:
Wed Jan 30, 2019 5:45 pm
I also like Ohio because of [...] safe subways.
Like the one in Cincinnati? :wink:
by 22twain
Mon Jan 28, 2019 1:25 am
Forum: Personal Investments
Topic: Selecting a stock fund for taxable account with possible transfer in the future.
Replies: 5
Views: 336

Re: Selecting a stock fund for taxable account with possible transfer in the future.

Since your goal is to make things easier for your wife eventually, you may want to consider that selling ETFs is a bit less convenient than selling a mutual fund. With an ETF, you have to calculate how many shares to sell to get (approximately) the amount of cash you want, then sell them, then wait ...
by 22twain
Mon Jan 28, 2019 1:05 am
Forum: Personal Consumer Issues
Topic: How will you spend your retirement money?
Replies: 47
Views: 4739

Re: How will you spend your retirement money?

I've been retired for 2 years, and DW semi-retired for 7 years. She still teaches part time because she enjoys it in smaller doses than her full-time faculty position entailed, and there are no longer those time-consuming departmental and college-committee responsibilities. Also, unlike me, she does...
by 22twain
Mon Jan 28, 2019 12:13 am
Forum: Personal Investments
Topic: Selecting a stock fund for taxable account with possible transfer in the future.
Replies: 5
Views: 336

Re: Selecting a stock fund for taxable account with possible transfer in the future.

While you're still at Vanguard, you can convert one of its mutual funds (e.g. VTSAX) to the corresponding ETF (VTI) without incurring any taxes. Then you can transfer VTI in-kind to any other brokerage account. After that, the new account's usual commissions for buying/selling ETFs or individual sto...
by 22twain
Sun Jan 27, 2019 7:10 pm
Forum: Personal Finance (Not Investing)
Topic: What Percentage of Your Pre-Retirement Income are You Projecting You Will Need?
Replies: 108
Views: 7056

Re: What Percentage of Your Pre-Retirement Income are You Projecting You Will Need?

We're both retired: 2 years ago for me and 7 years ago for DW, although she still works part time. Last year, our total expenses were about 32% of our gross earnings during the last year we both worked normally. The only significant changes in expenses were that income taxes last year were much lowe...
by 22twain
Sun Jan 27, 2019 8:59 am
Forum: Personal Consumer Issues
Topic: Quarterly payments to Medicare
Replies: 11
Views: 1003

Re: Quarterly payments to Medicare

I mailed a paper check about 1/7. It hit my checking account on 1/17.
by 22twain
Sun Jan 27, 2019 1:04 am
Forum: Investing - Theory, News & General
Topic: What was your first Vanguard fund or ETF?
Replies: 72
Views: 2805

Re: What was your first Vanguard fund or ETF?

Total Stock Market ETF (VTI), September 2012. It was the beginning of a conversion process from T. Rowe Price mutual funds. In the following months I added Total Bond Market ETF (BND) and Total International Stock Market ETF (VXUS). Those are the only Vanguard funds I've owned.
by 22twain
Sat Jan 26, 2019 12:56 am
Forum: Personal Finance (Not Investing)
Topic: calculating inflation-adjusted social security wages
Replies: 6
Views: 431

Re: calculating inflation-adjusted social security wages

Upon reflection, I'd better clarify that what actually counts for calculating your benefits is the NAWI at age 60 (your "indexing year"). Through age 59: Age X indexed value = (age X nominal value) * (age 60 NAWI) / (age X NAWI) Afterwards, earnings are not indexed: Age X indexed value = age X nomin...
by 22twain
Fri Jan 25, 2019 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: small town
Replies: 47
Views: 3874

Re: small town

We live in a slightly larger town, about twice the size of the OP's, with our similar-size county seat about a 15-minute drive away. We also prefer to buy locally (in either town) when we can, even paying somewhat more for cars here than we probably would if we went to one of the larger cities about...
by 22twain
Fri Jan 25, 2019 9:11 am
Forum: Investing - Theory, News & General
Topic: Dividend paying Portfolio
Replies: 26
Views: 1843

Re: Dividend paying Portfolio

A company can either pay out its profits to investors in the form of dividends, or it can reinvest in itself which generally increases its share price (capital growth). The sum of dividends and capital growth is the company's total return. There are companies with low or no dividends and high capita...
by 22twain
Fri Jan 25, 2019 1:05 am
Forum: Personal Consumer Issues
Topic: 2-week European vacation
Replies: 34
Views: 2434

Re: 2-week European vacation

I agree, that itinerary is way too ambitious for a 14-day trip, unless perhaps you're a train buff like me. But even I would prefer to focus on two or three regions, using one city in each as a base. I could easily spend two whole weeks just in Switzerland, it has so much stuff to ride and photograp...
by 22twain
Thu Jan 24, 2019 6:53 pm
Forum: Personal Finance (Not Investing)
Topic: calculating inflation-adjusted social security wages
Replies: 6
Views: 431

Re: calculating inflation-adjusted social security wages

As far as I know (which might be wrong), social security uses inflation adjustments to determine your top-35 earning years. It's not an inflation adjustment using something like the Consumer Price Index (CPI), which is what the cost-of-living adjustment to ongoing benefits uses. Instead, it uses th...
by 22twain
Thu Jan 24, 2019 11:39 am
Forum: Personal Finance (Not Investing)
Topic: Why doesn't a lot of money feel like a lot of money?
Replies: 205
Views: 21232

Re: Why doesn't a lot of money feel like a lot of money?

"Marginal utility of money". Google it. Bingo. Before I even reached this post, I remembered this phrase and Googled it to see if I remembered correctly. Example: Diminishing marginal utility of income and wealth (economicshelp.org) According to this article, the concept goes back to at least 1890.
by 22twain
Wed Jan 23, 2019 6:49 pm
Forum: Personal Investments
Topic: All in now? Or dollar cost average?
Replies: 20
Views: 1854

Re: All in now? Or dollar cost average?

Hello all. I just sold about $13,000 worth of mediocre mutual funds in my Roth IRA Were they stock funds (as opposed to bond funds)? and plan to invest it all in VFIAX. Should I buy it all now, or dollar-cost-average If the answer to the question was "yes", then you're not changing your basic stock...
by 22twain
Tue Jan 22, 2019 11:37 pm
Forum: Personal Finance (Not Investing)
Topic: Reaching Severe Burnout - Can I Scale Back Career?
Replies: 64
Views: 11201

Re: Reaching Severe Burnout - Can I Scale Back Career?

I started to read this thread’s opening post without realizing that it was 4+ years old. Friendly tip to the Topic Author (a.k.a. OP): you might consider editing your original opening post to add a parenthetical comment, something like "[WARNING: This is an old thread. Please read the update from 2...
by 22twain
Tue Jan 22, 2019 1:10 pm
Forum: Personal Consumer Issues
Topic: External Hard Drive?
Replies: 71
Views: 3929

Re: External Hard Drive?

Never used Time Machine until now, and if it only stores changed files, it should be fine for a long time. Yes, Time Machine saves only files that have changed. If you have it on "autopilot", it does this once per hour. Then, every 24 hours, it deletes hourly backups so as to leave only one per day...
by 22twain
Mon Jan 21, 2019 12:21 am
Forum: Personal Consumer Issues
Topic: Looking for old school CD player & bookshelf stereo
Replies: 28
Views: 1955

Re: Looking for old school CD player & bookshelf stereo

One reason you don't see many standalone CD players nowadays (besides the fact that most people stream or download files from the Internet) is that many or most Blu-ray and DVD players can probably also play CDs. After I bought a Blu-ray player that can also play CDs and SACDs, I got rid of my CD/SA...
by 22twain
Sat Jan 19, 2019 5:20 pm
Forum: Personal Finance (Not Investing)
Topic: What I spent in 6 months on medicare
Replies: 179
Views: 17279

Re: What I spent in 6 months on medicare

1) Humana requires you to e-sign BUT does not tell you that you can only do it on a laptop or PC using explorer. You get an error message if you try it on anything else and no explanation. I enrolled in Humana's Rx Plan last year on an iMac with no problems. Similarly, I had no problem enrolling in...
by 22twain
Fri Jan 18, 2019 7:10 pm
Forum: Personal Investments
Topic: etf vs index funds . tax efficiency
Replies: 16
Views: 646

Re: etf vs index funds . tax efficiency

Some ETFs have the same tax-efficiency as some index funds. Specifically, Vanguard's ETFs which are share classes of the corresponding mutual funds, e.g. for Total Stock Market we have VTI (ETF) versus VTSAX (mutual fund). But since the Topic Author has revealed himself to be using Schwab's mutual ...
by 22twain
Fri Jan 18, 2019 2:25 pm
Forum: Investing - Theory, News & General
Topic: Ever heard of "Floating island" strategy?
Replies: 19
Views: 2661

Re: Ever heard of "Floating island" strategy?

Anyone knows what “floating island” strategy is all about? Maybe this? A floating Pacific island is in the works with its own government, cryptocurrency and 300 houses (CNBC) As well as offering a home for the displaced, the self-contained islands are designed to function as business centers that a...
by 22twain
Fri Jan 18, 2019 10:30 am
Forum: Personal Investments
Topic: Differences in Investment Approach
Replies: 46
Views: 1675

Re: Differences in investment approach

RJC wrote:
Fri Jan 18, 2019 10:24 am
SUV??
Sport Utility Vehicle.
By skinflints are you talking about lean FIRE?
Sometimes that, sometimes about whether to be prepared for extreme financial scenarios in retirement, or to die as the richest man in the graveyard. :wink:
by 22twain
Wed Jan 16, 2019 9:58 am
Forum: Personal Finance (Not Investing)
Topic: Which Type of Annuities Did You Choose and Why
Replies: 18
Views: 1091

Re: Which Type of Annuities Did You Choose and Why

nisiprius wrote:
Wed Jan 16, 2019 7:35 am
full of cartoons of Snoopy
MetLife!
by 22twain
Wed Jan 16, 2019 2:29 am
Forum: Investing - Theory, News & General
Topic: An Annuity Hater Revisits SPIAs
Replies: 22
Views: 3084

Re: An Annuity Hater Revisits SPIAs

TIAA Traditional Annuity offers an "adjusted" SPIA type product (adjusted in more than just their regular-but-not-guaranteed small increases). The name TIAA uses for this is "graded." IIRC the way it works is that they hold back some of the money they would have paid you in the early years of a sta...
by 22twain
Mon Jan 14, 2019 5:57 pm
Forum: Investing - Theory, News & General
Topic: Book on withdrawal strategies / retirement income?
Replies: 19
Views: 1890

Re: Book on withdrawal strategies / retirement income?

Monster99 wrote:
Mon Jan 14, 2019 4:36 pm
I enjoyed Michael McClung's book "Living off your Money".
You can find the1st 3 chapters free online.
That's the book he said he didn't like. :wink:
by 22twain
Mon Jan 14, 2019 5:48 pm
Forum: Personal Investments
Topic: Tapping into retirement savings question
Replies: 6
Views: 1212

Re: Tapping into retirement savings question

I currently have a target of 45% stocks in my portfolio. If I'm above that percentage, I sell stocks. If I'm below it, I sell bonds. I don't split the withdrawal to try to make the percentage come out exactly right. At any time, if the percentage is off by more than 5% (i.e. above 50% or below 40%),...
by 22twain
Sun Jan 13, 2019 11:11 pm
Forum: Personal Investments
Topic: Real estate as part of overall investment plan
Replies: 37
Views: 2640

Re: Real estate as part of overall investment plan

You have to take things you read on this forum with a grain of salt when it comes to real estate investing (no disrespect). I say this because most people here (1) are older and too conservative, (2) don't have the money, (3) don't have the skills (and balls). (4) too lazy (that includes me :beer )
by 22twain
Wed Jan 09, 2019 10:33 pm
Forum: Personal Finance (Not Investing)
Topic: Under $100k Avg Annual Income Millionaires and How You Did It?
Replies: 117
Views: 14210

Re: Under $100k Avg Annual Income Millionaires and How You Did It?

It helps to live where housing is inexpensive. Our house (3bd 2ba, corner lot) is worth about $150-$160K, about what we paid for it 30 years ago, after inflation. Our annual property tax bill has never been more than about $1100. We don't have kids and don't need to haul a lot of stuff around, so we...
by 22twain
Wed Jan 09, 2019 4:26 pm
Forum: Personal Investments
Topic: Life transition, what's next
Replies: 25
Views: 3221

Re: Life transition, what's next

We also receive a annual mandatory distribution from a retirement annuity of $2800. Is this a lifetime-income payout that was "purchased" by giving up a lump sum, or is it a required minimum distribution (RMD) from your account, to keep the IRS happy? 350K is invested in TIAA CREF retirement annuit...
by 22twain
Tue Jan 08, 2019 2:01 pm
Forum: Personal Finance (Not Investing)
Topic: Need a little insight from STEM Bogleheads
Replies: 59
Views: 2700

Re: Need a little insight from STEM Bogleheads

[A starting salary as a math professor is mid 70's for someone at a research oriented position, at a teaching oriented position it's likely to be in the mid 40's to mid 50's. The latter sounds about right to me. I was in a different STEM field. When I started teaching at a small liberal-arts colleg...
by 22twain
Tue Jan 08, 2019 1:35 am
Forum: Investing - Theory, News & General
Topic: Embarrassed to ask... dividends and Total Return
Replies: 39
Views: 4909

Re: Embarrassed to ask... dividends and Total Return

"Market Gain/Loss of -$5894.27, This is the change in value due to the change in the fund's NAV: basically (number of shares) * (change in NAV). If the number of shares changes during the month, the calculation is more complicated. This is a negative number because the NAV decreased. "Income Return...
by 22twain
Mon Jan 07, 2019 10:11 am
Forum: Investing - Theory, News & General
Topic: For those retired a few years
Replies: 58
Views: 4869

Re: For those retired a few years

Health insurance went up from about $1,600 per year for our employer's plan to about $6,500 for Medicare for two. Income tax (federal+state) went down from about $24,000 for the last year that we both earned full salaries, to about $2,000 for last year. This year it will go up again because one of u...
by 22twain
Sun Jan 06, 2019 5:33 pm
Forum: Personal Investments
Topic: Where can i start a good Roth IRA for retirement?
Replies: 17
Views: 1040

Re: Where can i start a good Roth IRA for retirement?

The best time to invest money is whenever you get it. :happy Just make sure you have enough in a checking and/or savings account so you're not living from paycheck to paycheck and can cover upcoming large expenses, both expected (new vehicle? house downpayment? vacation? kids?) and unexpected (car w...
by 22twain
Sat Jan 05, 2019 12:42 am
Forum: Personal Consumer Issues
Topic: Which iPhone: 8 or XR?
Replies: 45
Views: 3181

Re: Which iPhone: 8 or XR?

I've been facing a similar decision: 8 versus XR, upgrading from a 5S that I bought 3.5 years ago when it was already a two-year-old model. As far as immediate cash flow is concerned, I can afford either one. Until a couple of days ago I was figuring on the 8, mainly for the price: $600 for an unloc...
by 22twain
Fri Jan 04, 2019 11:09 am
Forum: Personal Finance (Not Investing)
Topic: What Do You Spend The Most On Annually?
Replies: 158
Views: 8384

Re: What Do You Spend The Most On Annually?

Retired couple, mid/late 60s. For the coming year, I estimate: 18% income tax (one person collecting SS and taking RMDs, the other not yet) 16% housing (utilities, prop. tax, insurance, maintenance; mortgage paid off) 15% medical (mostly Medicare premiums for two people) 13% charity 11% entertainmen...