Search found 1357 matches

by 22twain
Sat Jun 16, 2018 6:48 am
Forum: Personal Consumer Issues
Topic: Life in retirement - what did you do today?
Replies: 173
Views: 13625

Re: Life in retirement - what did you do today?

Yesterday I took a mini-roadtrip to a hobby show about 130 miles away. The trip out took about 3.5 hours along rural roads and through small towns, with lunch along the way so as to avoid the expensive convention-center food concessions. Then a couple of hours checking out dealers' displays. The tri...
by 22twain
Thu Jun 14, 2018 2:07 pm
Forum: Investing - Help with Personal Investments
Topic: Setting up 300k Ira. ..
Replies: 13
Views: 565

Re: Setting up 300k Ira. ..

ETFS have to many fees Vanguard Total Stock Market ETF has an expense ratio of 0.04%, and no transaction fees if you hold it at Vanguard. That's $120 per year on your $300K. That's about as low as you can get except maybe for a basket of individual stocks (which have no expense ratio) if you can fi...
by 22twain
Mon Jun 11, 2018 11:51 pm
Forum: Personal Consumer Issues
Topic: Life in retirement - what did you do today?
Replies: 173
Views: 13625

Re: Life in retirement - what did you do today?

A lot of BHs seem to struggle with the concept of filling their previous working hours with their own creative agenda. A thread like this may give them some practical examples of how to fill their day. Or it may reinforce their idea that people in retirement fill their day doing boring things. As o...
by 22twain
Mon Jun 11, 2018 11:09 am
Forum: Investing - Help with Personal Investments
Topic: How to convince my co-worker to invest more?
Replies: 47
Views: 3193

Re: How to convince my co-worker to invest more?

When I was 26, I was halfway through my Ph.D. studies. I didn't start saving "officially" for retirement until I became eligible for a 403(b) plan during my first teaching job after grad school, at the ripe old age of 30. I retired 33 years later. My wife, also a college professor, had a similar car...
by 22twain
Mon Jun 11, 2018 10:54 am
Forum: Personal Consumer Issues
Topic: Life in retirement - what did you do today?
Replies: 173
Views: 13625

Re: Life in retirement - what did you do today?

livesoft wrote:
Mon Jun 11, 2018 10:02 am
Tidied house for the maids who come this afternoon.
Uh... aren't the maids supposed to do that? :shock:
by 22twain
Mon Jun 11, 2018 12:54 am
Forum: Personal Finance (Not Investing)
Topic: Retire in 2 years at 55 - Can I do it
Replies: 26
Views: 3588

Re: Retire in 2 years at 55 - Can I do it

Strong desire to move from the N/E (PA) to the South and find a nice college town where we can walk to events ... and work up a nice sweat, at least during late spring through early fall. :wink: My wife and I worked for many years at a small-town small college in the South and still live there in r...
by 22twain
Sat Jun 09, 2018 1:52 am
Forum: Investing - Help with Personal Investments
Topic: Why does employer 401K has more limit than personal Roth IRA
Replies: 15
Views: 1356

Re: Why does employer 401K has more limit than personal Roth IRA

Why isn't government allowing Roth IRA contributors same amount as employer 401K ?\ If people could contribute to either a personal IRA or a 401K with the same (total) limit, which would seem to be logical, it would probably lead to a loss of income for companies that manage 401Ks. Those companies ...
by 22twain
Sat Jun 09, 2018 1:35 am
Forum: Investing - Help with Personal Investments
Topic: What are you doing with cash?
Replies: 82
Views: 9621

Re: What are you doing with cash?

She qualifies for full social security soon, and the amount she will get, even accounting for the cost of Medicare, will cover her expenses two times over. She also has a separate pension coming that, if added to the Social Security, makes her monthly expenses be covered 2.4x over. For people in si...
by 22twain
Fri Jun 08, 2018 5:39 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement, allocation, & Fear
Replies: 15
Views: 1770

Re: Retirement, allocation, & Fear

Welcome! First let's try a big-picture feasibility estimate. Adding up all your assets, and rounding up a smidgen, I get $600K. Have you heard of the "4% rule of thumb?" It says that if your assets are invested "reasonably", you can start by withdrawing 4% in the first year, then adjust the dollar a...
by 22twain
Fri Jun 08, 2018 9:42 am
Forum: Investing - Theory, News & General
Topic: Unnecessary Complexity? Your thoughts please.
Replies: 13
Views: 1195

Re: Unnecessary Complexity? Your thoughts please.

I am a bargain seeker, not a timer. I'll buy winter clothes in late spring and swimming suits in late fall when they go on sale. Because of the reliably cyclical nature of seasonal weather, you can count on winter clothes being cheaper in late spring, etc. You can't count on anything with stocks. T...
by 22twain
Wed Jun 06, 2018 2:50 pm
Forum: Investing - Theory, News & General
Topic: FIRECalc anomaly
Replies: 10
Views: 946

Re: FIRECalc anomaly

It didn't use to be this way. It started doing this sometime in the not-too-distant past, probably a bug introduced in an update.
by 22twain
Wed Jun 06, 2018 9:21 am
Forum: Investing - Theory, News & General
Topic: WSJ:Social Security Expected to Dip Into Its Reserves This Year
Replies: 61
Views: 3004

Re: Social Security crossover point has arrived

My wife starts collecting SS benefits next year, and I plan to follow five years later. Both at age 70, to maximize the income stream. We're fortunate in that (a) our combined SS will at that point cover our current basic expenses plus taxes on SS and our RMDs, plus my Medicare premiums (she's alrea...
by 22twain
Tue Jun 05, 2018 5:11 pm
Forum: Investing - Help with Personal Investments
Topic: 14yo very very new to investing.
Replies: 24
Views: 1761

Re: 14yo very very new to investing.

If you could invest in two bonds: one with 3% interest and another with 5% interest, then you aren't going to pay as much for the 3% bond. The price you pay will be discounted to make up for the fact that it pays less interest than other bonds available to be purchased. When you buy the bond also m...
by 22twain
Sun Jun 03, 2018 10:04 am
Forum: Personal Finance (Not Investing)
Topic: Leave Job (Philly) and move To Arizon (Phoenix)?
Replies: 67
Views: 4910

Re: Leave Job (Philly) and move To Arizon (Phoenix)?

I believe you shouldn't even spend time pondering this until you actually visit Phoenix. You may love it. You may hate it. If you have enough time to visit there before your wife has to decide on the job offer, and of course if you can get time off from your job to do it, I would definitely conside...
by 22twain
Sun Jun 03, 2018 7:22 am
Forum: Personal Finance (Not Investing)
Topic: Need Help in Investing Exta Cash
Replies: 4
Views: 559

Re: Need Help in Investing Exta Cash

2. How is the idea of spreading the investment over 36 months (to average ups and downs) and invest in several securities ($250k/36 = ~$6,945/month invested) As discussed before, dollar cost averaging is probably statistically more likely to net you less in the long run, but if it makes you feel mo...
by 22twain
Sat Jun 02, 2018 5:54 pm
Forum: Personal Consumer Issues
Topic: Need advice on 1st international vacation
Replies: 106
Views: 5608

Re: Need advice on 1st international vacation

If you're planning this far ahead, you should have some time to learn some language. Not enough to be fluent but enough that you can make an attempt and natives will switch over to English to be nice to you. it also helps to know enough to be able to decipher maps, restaurant menus, common street s...
by 22twain
Sat Jun 02, 2018 1:08 pm
Forum: Investing - Help with Personal Investments
Topic: Confused about accumulating funds
Replies: 13
Views: 1125

Re: Confused about accumulating funds

I just have no idea if there are any actual mutual fund or ETF constructions that offer this tax deferral. And if not, then why not. Mutual funds/ETFs are required by law to distribute dividends in the US. In many tax-deferred retirement plans like 401k's and 403b's, you can find mutual-fund-like t...
by 22twain
Sat Jun 02, 2018 12:45 pm
Forum: Personal Finance (Not Investing)
Topic: Need Help in Investing Exta Cash
Replies: 4
Views: 559

Re: Need Help in Investing Exta Cash

I see from a previous post that you have a public-sector job with a defined-benefit pension plan. Do you also have a tax-deferred retirement savings plan like a 403(b) or a 457 plan, and if yes, are you contributing the maximum amount to it yet?
by 22twain
Sat Jun 02, 2018 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: Have $2.5M at 30, career advice needed
Replies: 49
Views: 5167

Re: Have $2.5M at 30, career advice needed

i would imagine with your high paying jobs that you are both talented and have stellar resumes that would be super competitive anywhere in the country. do you have family anywhere else? anywhere else you would prefer to live? is it possible to work similar jobs in smaller cities? I would say that t...
by 22twain
Wed May 30, 2018 5:45 pm
Forum: Personal Finance (Not Investing)
Topic: Advice on tracking down deposits made to deceased uncle's checking account
Replies: 4
Views: 594

Re: Advice on tracking down deposits made to deceased uncle's checking account

cjcerny wrote:
Wed May 30, 2018 4:15 pm
should I let probate handle it
Has an executor been officially named for the estate? I would think that person would have the authority to get the necessary information from the bank.
by 22twain
Wed May 30, 2018 4:19 am
Forum: Investing - Help with Personal Investments
Topic: Opened 401K - Slavic Portfolio Help Please
Replies: 6
Views: 496

Re: Opened 401K - Slavic Portfolio Help Please

What's "Slavic" about this portfolio? I don't see anything Russian, Polish, etc. :wink:
by 22twain
Tue May 29, 2018 12:53 pm
Forum: Investing - Theory, News & General
Topic: Does VOO or VTI invest in Berkshire Hathaway?
Replies: 11
Views: 1107

Re: Does VOO or VTI invest in Berkshire Hathaway?

BeBH65 wrote:
Tue May 29, 2018 12:26 pm
Apparantly it is the sixth biggest position in VOO see morningstar
And the seventh biggest in VTI, at 1.33%.
by 22twain
Tue May 29, 2018 10:25 am
Forum: Personal Finance (Not Investing)
Topic: Cheap options for retirement?
Replies: 17
Views: 2449

Re: Cheap options for retirement?

pomidoro wrote:
Tue May 29, 2018 10:21 am
(10-12x annual expenses)
Total expenses or residual expenses after Social Security and/or pension? Will you be old enough to collect from either of those, when you plan to retire?
by 22twain
Tue May 29, 2018 9:04 am
Forum: Investing - Help with Personal Investments
Topic: Does anticipated SS alter today’s allocation?
Replies: 20
Views: 1835

Re: Does anticipated SS alter today’s allocation?

Bogleheads (at least the ones who post on this forum) are skewed towards the high end of the income and net-worth distributions, with correspondingly lower percentages of their income coming from SS in retirement.
by 22twain
Tue May 29, 2018 8:59 am
Forum: Investing - Theory, News & General
Topic: Help me better understand a non-dividend paying mutual fund
Replies: 7
Views: 915

Re: Help me better understand a non-dividend paying mutual fund

Grt2bOutdoors wrote:
Tue May 29, 2018 6:10 am
Upon retirement TIAA will annuitize some or all of the investment value of fund [and send you a monthly check.
I would rather say "can annuitize" instead of "will annuitize", because as far as I know, it's completely up to you whether to annuitize a CREF variable-annuity account.
by 22twain
Tue May 29, 2018 1:17 am
Forum: Investing - Help with Personal Investments
Topic: Opening a taxable...any reason for bonds?
Replies: 21
Views: 2381

Re: Opening a taxable...any reason for bonds?

If I needed to sell stock funds in my taxable accounts, I would simultaneously exchange total bond for that stock fund in my 401k. One can argue that it's not necessary to do that second step immediately. Suppose your total portfolio is 50% stocks and 50% bonds. You decide to sell 4% from your taxa...
by 22twain
Mon May 28, 2018 12:52 pm
Forum: Personal Consumer Issues
Topic: Cheapest ways to watch NBA playoffs
Replies: 37
Views: 2965

Re: Cheapest ways to watch NBA playoffs

I don't have cable, or even decent streaming because of a puny Internet connection. But at now that we're at the finals I can watch them on ABC for free via the antenna on our roof. Go Cavs!
by 22twain
Sun May 27, 2018 12:11 am
Forum: Investing - Help with Personal Investments
Topic: Living on Your Investments? What Happens When a Bear Market Hits?
Replies: 53
Views: 7381

Re: Living on Your Investments? What Happens When a Bear Market Hits?

TravelforFun wrote:
Sat May 26, 2018 10:37 pm
Image
Where are the dividends? Try using instead of the S&P index values, a Morningstar growth chart, which includes reinvesting dividends, for e.g. VFINX, Vanguard's S&P 500 index fund.
by 22twain
Fri May 25, 2018 11:07 am
Forum: Investing - Theory, News & General
Topic: Folks, I'm calling the Tops for Bay area RE market
Replies: 46
Views: 2680

Re: Folks, I'm calling the Tops for Bay area RE market

toomuchRE wrote:
Fri May 25, 2018 10:11 am
Now or within 4 months..
You bought a house yesterday, right? :wink:
by 22twain
Fri May 25, 2018 8:51 am
Forum: Investing - Help with Personal Investments
Topic: Expenses now are 50k a year...can I plan that for retirement?
Replies: 12
Views: 1200

Re: Expenses now are 50k a year...can I plan that for retirement?

Right now our expenses average about 50k/year (that includes mortgage). Does it also include taxes? an income of 170k (single income earner) In retirement, how much tax you pay will depend on the nature of your income and how much of it is taxable. In our case, about half of our savings is in tax-d...
by 22twain
Thu May 24, 2018 2:02 am
Forum: Personal Finance (Not Investing)
Topic: I've never budgeted sucessfully
Replies: 59
Views: 4913

Re: I've never budgeted sucessfully

each bank has a purpose (holding a mortgage, deposit account for tenants, etc) So you own rental property? In that case it might be helpful to keep your rental income and expenses separate from your salaries from work and your household expenses. Have all your rental-related stuff flow through one ...
by 22twain
Wed May 23, 2018 10:17 am
Forum: Investing - Theory, News & General
Topic: Why do so many people quote "You will likely be in a lower tax bracket in retirement"
Replies: 491
Views: 28823

Re: Why do so many people quote "You will likely be in a lower tax bracket in retirement"

It just occurred to me: Anyone planning decades into the future, who assumes that Social Security benefits will be cut around 2034, as must happen according to current law, should also assume that the current individual tax rates and brackets will expire in 2024 (IIRC) and return to last year’s setu...
by 22twain
Tue May 22, 2018 10:14 pm
Forum: Personal Consumer Issues
Topic: Wifi + wired device [updated]
Replies: 56
Views: 3263

Re: Wifi + wired device

[about powerline adapters] There's also some worry about containing your network to your house, as your power plugs are directly connected to the telephone pole, your neighbors, etc... and you hope the power transformers isolate your network traffic. Each adapter has a password configured in it, and...
by 22twain
Mon May 21, 2018 4:54 pm
Forum: Investing - Help with Personal Investments
Topic: Investments that are unique *and* sensible?
Replies: 19
Views: 2315

Re: Investments that are unique *and* sensible?

If the covered person dies before the life expectancy, the insurance co wins. If the covered person lives beyond life expectancy the insurance co loses. Actually, I think the winners are mostly the covered people who live beyond the life expectancy. I strongly suspect that the "cut" that the insura...
by 22twain
Sat May 19, 2018 10:53 am
Forum: Investing - Help with Personal Investments
Topic: Pension and Sociai Security Impact on 4% Rule
Replies: 20
Views: 2537

Re: Pension and Sociai Security Impact on 4% Rule

the "RE" part of FIRE refers to "Retiring Early", often quite early. Not sure if that is what you are contemplating According to a previous thread , the OP is contemplating retiring at 57-58. Somewhat early, but not super early. Maybe use an average withdrawal rate of 3.5% instead of 4% for back-of...
by 22twain
Sat May 19, 2018 9:53 am
Forum: Investing - Help with Personal Investments
Topic: Pension and Sociai Security Impact on 4% Rule
Replies: 20
Views: 2537

Re: Pension and Sociai Security Impact on 4% Rule

For example if your annual spending in $80K you needs $2M to consider a FIRE retirement. To illustrate dbr's comments with an explicit example: if you will receive $40K per year total in Social Security and pension, then you need to cover only $80K - $40K = $40K from your investments, which accordi...
by 22twain
Fri May 18, 2018 3:24 am
Forum: Personal Consumer Issues
Topic: Road trip Newark NJ to Albany
Replies: 76
Views: 3606

Re: Road trip Newark NJ to Albany

On the west side of the river, take the road between West Point and Newburgh that hugs the east side of Storm King Mountain. There's a place where you can pull off and enjoy spectacular views up and down the Hudson River.
by 22twain
Thu May 17, 2018 9:36 pm
Forum: Investing - Help with Personal Investments
Topic: Long term investment in grains/wheat
Replies: 22
Views: 1423

Re: Long term investment in grains/wheat

Silk McCue wrote:
Thu May 17, 2018 3:09 pm
On a lighter note:

I would do wheat conversions to bread and eat the gains.
Or do a different kind of conversion, and drink them. :beer
by 22twain
Wed May 16, 2018 10:13 pm
Forum: Investing - Theory, News & General
Topic: What's the ideal safe retirement net worth target?
Replies: 264
Views: 49444

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

Does home equity count towards net worth? As far as funding your retirement is concerned, you should count home equity only if you plan to tap into it to help pay other expenses if necessary. For example, you might plan to sell your (expensive) house and move to a LCOL area where houses aren't as e...
by 22twain
Wed May 16, 2018 9:46 pm
Forum: Personal Consumer Issues
Topic: Roof TV Antenna Recommendation Needed
Replies: 23
Views: 1614

Re: Roof TV Antenna Recommendation Needed

If you have no channels that are actually in the low-VHF band (2-6) (*), look for an antenna that's specialized for high-VHF (7-13) and UHF (14+). Low-VHF requires long antenna elements which increase the weight and susceptibility to wind. A good antenna of this type for long-range reception is the ...
by 22twain
Wed May 16, 2018 4:44 pm
Forum: Personal Finance (Not Investing)
Topic: Would you send your children to private school in my situation?
Replies: 93
Views: 6368

Re: Would you send your children to private school in my situation?

PFInterest wrote:
Wed May 16, 2018 2:07 pm
Statistically your childrens success is determined by SES
:confused :confused
by 22twain
Wed May 16, 2018 4:36 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Build up Comments?
Replies: 3
Views: 380

Re: Portfolio Build up Comments?

Where do you have your Roth IRAs, and what are they invested in? The normal philosophy here is to consider all your accounts (except for your emergency fund and/or day-to-day checking account) as a single portfolio. You first decide your asset allocation ("AA"): the overall percentages of domestic s...
by 22twain
Tue May 15, 2018 8:00 am
Forum: Investing - Theory, News & General
Topic: How much should I save before I start investing? and more
Replies: 13
Views: 1981

Re: How much should I save before I start investing? and more

What are the first steps a person should follow when they are beginning? The first thing you should do is take advantage of whatever tax-deferred retirement savings plan your employer has (when you get a "real job", that is.): 401(k), 403(b), etc. Unless you start out making a lot more money that I...
by 22twain
Mon May 14, 2018 7:02 am
Forum: Investing - Help with Personal Investments
Topic: Are bonds really needed - why not 100% stocks?
Replies: 71
Views: 5606

Re: Are bonds really needed - why not 100% stocks?

Implicit in your thinking is, I think, the assumption that equity markets always recover in that time frame. [...] 1966-1981 (or probably until around 1986) they did not do so. 1966-1981 almost exactly covered my days in high school, college and graduate school. When I got my first college-teaching...
by 22twain
Sun May 13, 2018 10:40 pm
Forum: Investing - Help with Personal Investments
Topic: Are bonds really needed - why not 100% stocks?
Replies: 71
Views: 5606

Re: Are bonds really needed - why not 100% stocks?

I should not have worded it like that. I should have said that bonds earn significantly less than bonds over a period of time. That sounds tricky. How does that work? ;-) Am I incorrect in saying that bonds tend to under perform equities? Read your first quote again, carefully! :wink: (It's easy to...
by 22twain
Sat May 12, 2018 1:35 pm
Forum: Investing - Help with Personal Investments
Topic: Is it ok to use ETFs in a Roth IRA?
Replies: 12
Views: 897

Re: Is it ok to use ETFs in a Roth IRA?

My Roth is completely in Vanguard Total Stock Market Index ETF (VTI), except for $9.70 in cash left over from my most recent purchase because one can't buy fractional shares of an ETF. But it's such a small fraction of the total that I don't lose sleep over it.
by 22twain
Wed May 09, 2018 5:31 pm
Forum: Investing - Theory, News & General
Topic: 100% Stock Portfolio?
Replies: 148
Views: 16476

Re: 100% Stock Portfolio?

What are 5% rebalance bands? Is it hard to do this consistently. https://www.bogleheads.org/wiki/Rebalancing: When asset classes deviate from their target by a certain absolute percentage. For example, if your target asset allocation is 60% equities and 40% fixed income and your (absolute) rebalanc...
by 22twain
Tue May 08, 2018 12:14 am
Forum: Investing - Help with Personal Investments
Topic: Trying to understand inflation
Replies: 16
Views: 1126

Re: Trying to understand inflation

I do all my retirement planning in current non inflation adjusted numbers. You only have to guess what the future "real" rate of return on your investments will be without inflation. And every few years, adjust your savings target upwards according to the inflation that has actually occurred during...
by 22twain
Mon May 07, 2018 7:48 pm
Forum: Investing - Help with Personal Investments
Topic: Why the shift away from the S&P?
Replies: 32
Views: 4059

Re: Why the shift away from the S&P?

Here's a Morningstar growth chart that compares VTSMX (Vanguard Total Stock Market Index, blue) with VFINX (Vanguard S&P 500 Index, yellow), both with dividends reinvested, since 1992. VFINX was ahead in the late 1990s and early 2000s, and VTSMX had been ahead by a hair since the early 2010s. http:/...
by 22twain
Sun May 06, 2018 8:59 pm
Forum: Personal Consumer Issues
Topic: Anyone from Dayton,OH area-?'s
Replies: 21
Views: 1366

Re: Anyone from Dayton,OH area-?'s

I would agree that she would not need snow tires or AWD in the Dayton area. HOWEVER, I would strongly recommend that she has good tires with plenty of tread depth for the few days that there is snow. IAWTP. (I agree with this post, for those who haven't seen this particular acronym before.) I grew ...