Search found 2073 matches

by 22twain
Sun Nov 17, 2019 8:39 am
Forum: Personal Investments
Topic: Why do you have to "beat the market"?
Replies: 93
Views: 5572

Re: Why do you have to "beat the market"?

Let me turn that around - why wouldn't you want to beat the market? In my case, it's because I already have "enough", and don't need to reach for more. Besides, I have other ways to goose my overall expected returns without fiddling with tilting etc. I'm retired, with about a 50% stock allocation. ...
by 22twain
Tue Nov 12, 2019 11:13 am
Forum: Investing - Theory, News & General
Topic: Rich people are hoarding cash
Replies: 153
Views: 23213

Re: Rich people are hoarding cash

I was curious about their definition of "rich", so I clicked. [...] according to the report which was conducted between August and October and polled those with at least $1 million in investable assets. As one of the people in that category, “I know nuttin' “ :wink: so I've made no changes in my inv...
by 22twain
Tue Nov 12, 2019 7:53 am
Forum: Personal Investments
Topic: TIAA's real estate fund
Replies: 11
Views: 812

Re: TIAA's real estate fund

According to this earlier thread: https://www.bogleheads.org/forum/viewtopic.php?t=173703 you can open an IRA at TIAA, and thereby gain access to TREA, even if you don't participate in a TIAA retirement plan through an employer, provided that you or a close relative have ever worked for a non-profit...
by 22twain
Mon Nov 11, 2019 6:57 pm
Forum: Personal Investments
Topic: Advice on Nest Egg draw down
Replies: 9
Views: 1342

Re: Advice on Nest Egg draw down

KatchABogle wrote:
Mon Nov 11, 2019 6:39 pm
Of that total , $2.5 mill in IRAs, Roth IRA, and 401k accounts. 80% stocks, 20% BONDS. $250k additional in investment property
Just out of curiosity, what's the rest of the $7.5M in?

I agree that a key figure is how much you need/want to spend, including taxes and healthcare.
by 22twain
Sun Nov 10, 2019 12:28 pm
Forum: Personal Investments
Topic: Any positive feedback on being a franchisee?
Replies: 13
Views: 1268

Re: Any positive feedback on being a franchisee?

Wiggums wrote:
Sun Nov 10, 2019 11:35 am
lakpr wrote:
Sun Nov 10, 2019 11:22 am
HEDGEFUNDIE wrote:
Sun Nov 10, 2019 11:09 am
Free fast food any time you want 🍔🍟🍕🌭🌮
That is a negative, OP wanted either positive or success stories 😝
I agree. No such thing as free food. It’s all about income and expenses. Free food is an expense. Sorry.
Maybe he was thinking of the dietary/health aspects. :wink:
by 22twain
Fri Nov 08, 2019 11:25 pm
Forum: Investing - Theory, News & General
Topic: How often should someone rebalance?
Replies: 43
Views: 3132

Re: How often should someone rebalance?

If I had rebalanced annually, regardless of the amount of imbalance, I would now have about 3% more. My recollection is that rebalancing lowers returns over time because you usually paring back the over performing asset (stocks) and adding to lower performing bonds. My calculations do show the effe...
by 22twain
Fri Nov 08, 2019 9:19 am
Forum: Investing - Theory, News & General
Topic: Bond yield too low, how about high yield stock?
Replies: 24
Views: 1795

Re: Bond yield too low, how about high yield stock?

If you do seek income from equity, I suggest you look carefully at Vanguard High Dividend Yield Fund/etf. You can offset some of the risk of sector investment through diversification. And it is free. VHDYX (VYM) has a history of moderate, steady dividend increases. It also has just about the same t...
by 22twain
Fri Nov 08, 2019 7:44 am
Forum: Investing - Theory, News & General
Topic: How often should someone rebalance?
Replies: 43
Views: 3132

Re: How often should someone rebalance?

I started contributing to my 403(b) plan in 1984, and set my contributions to 50% stock (CREF Stock account) and 50% stable-value fund (TIAA Traditional account). I continued contributing until I retired in 2016, and never rebalanced or changed the allocation of contributions. My year-end stock allo...
by 22twain
Thu Nov 07, 2019 6:06 pm
Forum: Personal Consumer Issues
Topic: Cutting the Cord & Live Television
Replies: 45
Views: 2962

Re: Cutting the Cord & Live Television

Before we got married, I had basic cable in my apartment. This was in the days when basic cable was really basic: local channels, C-SPAN and a local access channel. DW-to-be used indoor rabbit ears and got two barely watchable channels; she was too cheap and too disinterested in TV to pay for cable....
by 22twain
Thu Nov 07, 2019 7:33 am
Forum: Investing - Theory, News & General
Topic: How to draw money from 401k in retirement?
Replies: 9
Views: 1464

Re: How to draw money from 401k in retirement?

I have not considered this Roth IRA conversion (I don't even know what it means). From the Bogleheads Wiki: https://www.bogleheads.org/wiki/Roth_IRA_conversion Basically, you generate more taxable income while you can pay the tax at a lower rate, to save on taxes later when your tax rate is higher ...
by 22twain
Wed Nov 06, 2019 10:39 am
Forum: Personal Investments
Topic: problem with T Rowe Price IRA exchange
Replies: 7
Views: 452

Re: problem with T Rowe Price IRA exchange

I’ve never used TRP’s phone support. The single time I’ve had a problem in nine years, was with setting up bank information to link a second checking account to my taxable and IRA. I used the private message feature in my online account, which resolved the problem in a day or two.
by 22twain
Mon Nov 04, 2019 11:34 pm
Forum: Investing - Theory, News & General
Topic: Do you invest in Real Estate ? Why ?
Replies: 135
Views: 18312

Re: Do you invest in Real Estate ? Why ?

Note the much longer thread with the contrarian title:

Why are you NOT buying rental properties?

which nevertheless has a lot of arguments on both sides.
by 22twain
Mon Nov 04, 2019 10:28 am
Forum: Personal Finance (Not Investing)
Topic: Getting a mortgage after retirement
Replies: 24
Views: 1596

Re: Getting a mortgage after retirement

Just out of curiosity... We could pay off our current house now ($571k mortgage, 29 years left, [...]) If this is a 30-year mortgage, that means you bought the current house about a year ago, right? Our plan is to retire in 2.3 years and move. Did you decide this before or after you bought the house...
by 22twain
Sun Nov 03, 2019 2:32 am
Forum: Personal Consumer Issues
Topic: Man’s life savings stolen from hijacked cellphone number
Replies: 241
Views: 29179

Re: You get hacked, lost a lot of money. What can you do?

Momus wrote:
Sun Nov 03, 2019 1:27 am
How do you defend from 2 FA (cell phone) hack? Seem like this scam is pretty common since the equifax social security hack.
What statistics have you seen about this, as opposed to individual anecdotal stories?
by 22twain
Sun Nov 03, 2019 2:13 am
Forum: Investing - Theory, News & General
Topic: How do you explain individual stock risk (idiosyncratic) vs. stock market risk (systematic) in a simple, intuitive way?
Replies: 21
Views: 1207

Re: How do you explain individual stock risk (idiosyncratic) vs. stock market risk (systematic) in a simple, intuitive w

I’d take the other side and just explain you understand the price is set by professional investors with a lot more time and knowledge than you, so how could you possibly know which companies to pick. The canonical Boglehead answer, of course, is that you don't know which individual companies (or ev...
by 22twain
Sun Nov 03, 2019 1:22 am
Forum: Personal Consumer Issues
Topic: Alternative to Spectrum Cable Internet
Replies: 24
Views: 1499

Re: Alternative to Spectrum Cable Internet

We also seem to get flyers in the mail every three months or so for new customers. We get two or three per month . We're in former Charter territory, and have never been customers, even for TV. We have an old-fashioned antenna on the roof which works fine for us. However, in our neighborhood, AT&T ...
by 22twain
Sat Nov 02, 2019 12:08 pm
Forum: Personal Investments
Topic: New Job and retirement planning
Replies: 11
Views: 1077

Re: New Job and retirement planning

And it is only when you want to transfer the TIAA Traditional to another financial institution that the 10-year payout comes into play? Or when you want to withdraw part or all of it to cash. Or when you want to transfer part of it to another TIAA account or another mutual fund inside your 403(b) p...
by 22twain
Sat Nov 02, 2019 11:29 am
Forum: Personal Investments
Topic: What to do with extra money
Replies: 24
Views: 2946

Re: What to do with extra money

Could you consider using a stock index fund like Vanguard's Total Stock Market, VTSAX (mutual fund) or VTI (ETF)? Most or all of its dividends are "qualified" which means they enjoy the same tax rate as long-term capital gains, i.e. lower than on ordinary income like from money-market funds. Plus ov...
by 22twain
Sat Nov 02, 2019 11:00 am
Forum: Personal Investments
Topic: New Job and retirement planning
Replies: 11
Views: 1077

Re: New Job and retirement planning

Just an aside - what I’ve never been able to understand is the relationship between TIAA payout (often 10 years?), RMD’s and SWR. If one has $1,000,000 in TIAA at retirement, how does one manage their withdrawals/distributions? Now I see in your first post that her TIAA Traditional is a Group Retir...
by 22twain
Thu Oct 31, 2019 9:00 pm
Forum: Personal Investments
Topic: If I save $65,000 a year for the next 25 years
Replies: 34
Views: 4228

Re: If I save $65,000 a year for the next 25 years

According to http://cfiresim.com/, investing $65k in real dollars every year for 25 years in a 75/25 portfolio one could expect a nest egg of $3.5M. What range of final values does it give you? I tried FIRECalc (which I understand uses the same data set) as follows: On the home page, set (annual) s...
by 22twain
Thu Oct 31, 2019 6:17 pm
Forum: Personal Investments
Topic: Afraid to take the leap
Replies: 42
Views: 5130

Re: Afraid to take the leap

If you're not a US investor, then you shouldn't worry as much about a US recession as we US-folk do, right? :wink:

OK, Vanguard World Stock is about 55% US, but that's less US exposure than most US investors have.
by 22twain
Thu Oct 31, 2019 5:37 pm
Forum: Personal Finance (Not Investing)
Topic: [Just got married] Looking for ways to cut down on my budget
Replies: 80
Views: 6428

Re: How do people live on an average household income of 60K? Looking for ways to cut down on my budget

mptfan wrote:
Thu Oct 31, 2019 3:37 pm
gazelle1991 wrote:
Thu Oct 31, 2019 3:32 pm
We live in a tier 2 -> tier 3-ish city in terms of cost of living.
I don't know what that means. Are the tiers published anywhere?
+1

I don't think I've ever seen US cities ranked in "tiers." I tried a Google search for "tier 2 cities" and got mainly references to cities in India.
by 22twain
Thu Oct 31, 2019 1:16 am
Forum: Investing - Theory, News & General
Topic: what was vanguard like before the internet?
Replies: 74
Views: 7330

Re: what was vanguard like before the internet?

It reminds me of reading Sherlock Holmes stories, noting how often he'd send telegrams across London with boys delivering, and was always discussing train schedules to towns outside the city. And there were twice-a-day postal mail deliveries. In a big city, you could mail a letter early in the morn...
by 22twain
Wed Oct 30, 2019 5:05 pm
Forum: Personal Finance (Not Investing)
Topic: Apple Pay. Does anyone use it?
Replies: 196
Views: 11984

Re: Apple Pay. Does anyone use it?

Am I missing something, most terminals I see don't list Apple Pay. Do they have to? I think I was only able to use it once. They don’t have to but many do. If you see the logo that shows the terminal accepts NFC payments, hold your phone near the terminal and see what happens. To get an idea in adv...
by 22twain
Wed Oct 30, 2019 9:31 am
Forum: Personal Finance (Not Investing)
Topic: Apple Pay. Does anyone use it?
Replies: 196
Views: 11984

Re: Apple Pay. Does anyone use it?

After reading this post, I set up Apple Pay on my watch. This morning I tried using it at a gas station but it doesn't appear to take it. Shouldn't gas stations be the first to take NFC payments because of all the card skimming? If you tried it at the pump, did the pump actually have an RFID reader...
by 22twain
Tue Oct 29, 2019 10:36 pm
Forum: Personal Consumer Issues
Topic: I want a pre-made, wholesome lunch delivered to me daily for under $15. Options?
Replies: 52
Views: 4695

Re: I want a pre-made, wholesome lunch delivered to me daily for under $15. Options?

alec wrote:
Tue Oct 29, 2019 7:11 pm
2. Ham/Turkey sandwich and fruit that I spend all of 5 mins that morning packing.
That’s what I did for more than thirty years. I always had a refrigerator available near my office so I didn’t have to worry about stuff spoiling during the morning.
by 22twain
Mon Oct 28, 2019 7:21 am
Forum: Personal Consumer Issues
Topic: Roadtrip & Space Camp Huntsville
Replies: 10
Views: 885

Re: Roadtrip & Space Camp Huntsville

Google Maps shows 10+ hours from the DC area to Huntsville via the most direct route (I-81). Are you planning to do it in a single day? If so, you won't have time to do anything en route except to stop for lunch and potty breaks. And IMHO I-81 through VA and TN is pure hell, chock full of trucks. I'...
by 22twain
Sat Oct 26, 2019 11:15 pm
Forum: Personal Investments
Topic: Retiring at 62
Replies: 17
Views: 2517

Re: Retiring at 62

Are you single or married? $4750/month is $57,000/year which is above the income cutoff for ACA health insurance subsidy (premium tax credit) for single, but below the cutoff for married. So if you're single you won't get a subsidy, but if you're married you will. That depends where the 2k a month ...
by 22twain
Sat Oct 26, 2019 11:09 pm
Forum: Personal Investments
Topic: Retire at 50(ish) possible?
Replies: 38
Views: 5900

Re: Retire at 50(ish) possible?

Half this thread is arguing over the definition of the word “withdraw”. Can you all please agree to disagree and move on? :annoyed
by 22twain
Sat Oct 26, 2019 2:25 pm
Forum: Personal Investments
Topic: Retiring at 62
Replies: 17
Views: 2517

Re: Retiring at 62

Have you checked the prices for health insurance on healthcare.gov or on your state's equivalent exchange (if there is one)? Are you single or married? $4750/month is $57,000/year which is above the income cutoff for ACA health insurance subsidy (premium tax credit) for single, but below the cutoff ...
by 22twain
Sat Oct 26, 2019 6:30 am
Forum: Personal Finance (Not Investing)
Topic: First Republic Bank doesn’t have physical coins
Replies: 76
Views: 4902

Re: First Republic Bank doesn’t have physical coins

We are much further from a 'cashless society' than many seem to think. Young adults are still carrying cash nearly as frequently as older consumers. And there are millions of people in the US who don't have bank accounts or credit cards. https://www.fdic.gov/householdsurvey/ Estimates from the 2017...
by 22twain
Sat Oct 26, 2019 4:54 am
Forum: Personal Investments
Topic: 29yo Targeting FI at 40 - Review Request
Replies: 28
Views: 3506

Re: 29yo Targeting FI at 40 - Review Request

mikieikie wrote:
Sat Oct 26, 2019 4:39 am
What does FI and RE stand for?
FI = Financial Independence
RE = Retire Early (some people like the alternate version Recreational Employment)

Often seen together as FIRE (this acronym was in fact invented first).
by 22twain
Fri Oct 25, 2019 11:34 am
Forum: Personal Finance (Not Investing)
Topic: Who does your tax returns?
Replies: 103
Views: 5195

Re: Who does your tax returns?

Holden42 wrote:
Fri Oct 25, 2019 7:03 am
I’m looking for someone new
What/who are you using now and why are you looking to change?
by 22twain
Thu Oct 24, 2019 9:11 am
Forum: Personal Investments
Topic: balancing my retirement investments
Replies: 14
Views: 1225

Re: balancing my retirement investments

The total bond index lost 3,000 since I opened the account How long ago did you open it? Are you reinvesting the dividends? A total market bond fund is much less volatile than a stock fund, but its share price still fluctuates in response to changes in interest rates. Vanguard's Total Bond Market r...
by 22twain
Tue Oct 22, 2019 11:10 pm
Forum: Personal Investments
Topic: New in retirement
Replies: 8
Views: 1567

Re: New in retirement

I also have a 403(b) at TIAA, and a smaller taxable brokerage account. I’m retired but not yet taking RMDs or Social Security, instead taking withdrawals from taxable. When I start SS at 70, it will be enough to cover my expenses, so I’ll simply invest the RMDs in my taxable account. At that time I’...
by 22twain
Tue Oct 22, 2019 10:49 pm
Forum: Personal Finance (Not Investing)
Topic: Is principal portion of mortgage counted for savings rate purposes?
Replies: 126
Views: 6690

Re: Is principal portion of mortgage counted for savings rate purposes?

We didn’t include mortgage principal in “savings” because we live in a LCOL area, and we figured our paid-off house would be a small part of our net worth in retirement. In fact It turned out to be about 5%. If we lived in a HCOL area with our house being a much larger part of our net worth, we woul...
by 22twain
Tue Oct 22, 2019 12:00 pm
Forum: Personal Finance (Not Investing)
Topic: What do Bogleheads think about House Hacking?
Replies: 51
Views: 6054

Re: What do Bogleheads think about House Hacking?

I have been doing this for two decades. After a break up, I had a big house. I choose housemates from nearby Rutgers and run it as a business. Tenants who are unruly won't rent with the landlady in residence. Now that I think of it, my landlady's situation was similar, except that she was a widow. ...
by 22twain
Tue Oct 22, 2019 8:22 am
Forum: Personal Finance (Not Investing)
Topic: What do Bogleheads think about House Hacking?
Replies: 51
Views: 6054

Re: What do Bogleheads think about House Hacking?

I think I am tired of terms like house hacking, side hustle, and such. :oops: How about "house hustling"? :twisted: According to the 1940 census records, my grandparents had someone boarding with them. This was after my mother and my aunt had each married and moved out. During my first job after gr...
by 22twain
Mon Oct 21, 2019 6:08 pm
Forum: Investing - Theory, News & General
Topic: RMD to Roth?
Replies: 33
Views: 3694

Re: RMD to Roth?

From the horse's, er, Social Security Administration's mouth: Medicare Premiums: Rules for Higher-Income Beneficiaries (PDF) You need to calculate your Modified Adjusted Gross Income (MAGI), which is the Adjusted Gross Income on your tax return PLUS any tax-exempt interest that you receive, e.g. fro...
by 22twain
Sun Oct 20, 2019 12:20 am
Forum: Personal Investments
Topic: Help a 40 year old teacher find an efficient 3 fund portfolio
Replies: 7
Views: 960

Re: Help a 40 year old teacher find an efficient 3 fund portfolio

One sometimes sees around here a maxim: "Don't let the (tax) tail wag the (asset allocation) dog." First, decide your overall allocation of stocks versus bonds: 80/20 or 60/40 or 40/60 or whatever. Then, put the bonds preferentially in your tax-deferred space. If you don't have enough tax-deferred s...
by 22twain
Thu Oct 17, 2019 7:42 am
Forum: Personal Consumer Issues
Topic: Why so many iPhones??? Why did you pick it? Why do you upgrade it?
Replies: 156
Views: 10021

Re: Why so many iPhones??? Why did you pick it? Why do you upgrade it?

Why did you choose an iPhone? When I bought my first smartphone four years ago, I went with an iPhone because because it plays nicely with our other devices. I've used Macs since the late 1980s. We also have an iPad and an Apple TV. How often do you upgrade? Why did you upgrade? I upgraded my origi...
by 22twain
Wed Oct 16, 2019 2:26 pm
Forum: Personal Investments
Topic: can you still buy and sell stocks after the age 70 in an IRA account?
Replies: 5
Views: 786

Re: can you still buy and sell stocks after the age 70 in an IRA account?

What changed is that you can no longer add money [to an IRA], unless you still have suitable earned income. From https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-ira-contribution-limits You can’t make regular contributions to a traditional IRA in the year you reach 7...
by 22twain
Wed Oct 16, 2019 11:21 am
Forum: Personal Consumer Issues
Topic: How much do you spend on cellular annually?
Replies: 59
Views: 4153

Re: How much do you spend on cellular annually?

Our last 12 bills totaled almost exactly $450. Consumer Cellular, two phones (one smart, one not). 250 minutes talk per month. 8 months on their lowest tier data plan (250 MB, recently raised to 500 MB). 4 months on their second tier data plan (2 GB, recently raised to 3 GB). The one smartphone spen...
by 22twain
Wed Oct 16, 2019 12:05 am
Forum: Personal Investments
Topic: 3-Fund Portfolio (Adding a “Dividend Stocks” bucket)
Replies: 39
Views: 3151

Re: 3-Fund Portfolio (Adding a “Dividend Stocks” bucket)

oinkyboinky wrote:
Wed Oct 16, 2019 12:01 am
if the dividends are reinvested automatically does one pay taxes on them?
YES!!!!!

(assuming you're talking about a taxable account, not a tax-advantaged account like an IRA, 401(k), etc.)
by 22twain
Tue Oct 15, 2019 11:26 am
Forum: Personal Finance (Not Investing)
Topic: poor Boglehead sending my kids to college
Replies: 69
Views: 5856

Re: poor Boglehead sending my kids to college

Will any liberal arts college issue a bachelor's in engineering?? Many have dual-degree programs with nearby engineering schools. Students typically spend three years at the LAC, majoring in physics. If they meet requirements that the LAC and its partner schools have negotiated, they can transfer e...
by 22twain
Tue Oct 15, 2019 10:17 am
Forum: Personal Investments
Topic: VTSAX vs VTI and fractional shares
Replies: 6
Views: 468

Re: VTSAX vs VTI and fractional shares

Can you "have your cake and eat it too" by holding both VTI and VTSAX at Vanguard? Make your regular contributions to VTSAX every month (or whenever) to take advantage of fractional shares. Every once in a while, convert your VTSAX holding to VTI and start a new holding of VTSAX.
by 22twain
Mon Oct 14, 2019 8:37 am
Forum: Personal Investments
Topic: How much to hold in cash?
Replies: 54
Views: 8083

Re: How much to hold in cash?

You will get a range of responses. We are retired 11 years. Haven't held any cash in decades other than enough in checking to pay bills. +1 I've been retired only about three years. I keep enough cash in my checking account so i don't have to watch it like a hawk to stay above the minimum balance. ...
by 22twain
Mon Oct 14, 2019 7:15 am
Forum: Personal Investments
Topic: Retirees, when did you start really planning your retirement?
Replies: 53
Views: 5030

Re: Retirees, when did you start really planning your retirement?

I know that one should start planning one's retirement the moment one starts working, but I want to know is when do you need to start making moves, etc when retirement is coming up rather fast. We didn't do anything specific until near the end. A year before DW became eligible for our college's "ea...
by 22twain
Sun Oct 13, 2019 11:38 pm
Forum: Personal Consumer Issues
Topic: Portable Music for Exercise
Replies: 13
Views: 1103

Re: Portable Music for Exercise

GiannaLuna wrote:
Sun Oct 13, 2019 1:46 pm
I plan to do some long distance hiking and would appreciate bringing music with me..prefer anything that is not in any way obtrusive, if possible...really not into wearing anything on my upper arm, if possible
No pockets anywhere on your hiking gear?
by 22twain
Sun Oct 13, 2019 10:28 pm
Forum: Personal Investments
Topic: What’s the point of a taxable account?
Replies: 62
Views: 6810

Re: What’s the point of a taxable account?

Should You Contribute to a 401k Without an Employer Match? [...] Lower taxable income Contributions to a Traditional 401(k) plan lower your taxable income because the contributions are invested with money that has not yet been taxed. This gives you an immediate benefit because your employer should ...