Search found 972 matches

by TravelforFun
Tue Jan 16, 2018 2:29 pm
Forum: Personal Consumer Issues
Topic: Anyone disenchanted with retirement?
Replies: 142
Views: 13629

Re: Anyone disenchanted with retirement?

fourwaystreet wrote:
Mon Jan 15, 2018 1:24 pm
I have been retired for 18 months and have had a total of four bad days and that is only because my flu shot didn't work.
Had you still been working, you would have gotten paid for those four days. Lol

TravelforFun
by TravelforFun
Mon Jan 15, 2018 5:26 pm
Forum: Investing - Theory, News & General
Topic: Best 401k Employer Match Structure
Replies: 114
Views: 8856

Re: Best 401k Employer Match Structure

alfaspider wrote:
Mon Jan 15, 2018 5:15 pm
My company matches 100% on 7% of compensation. 100% Vesting after 1 year. We also have a pension on 3-year vesting.

The best I've heard is Saudi Aramco, which matches 9%.
Best? Nope. Read the third post above this.

TravelforFun
by TravelforFun
Mon Jan 15, 2018 4:53 pm
Forum: Investing - Theory, News & General
Topic: Best 401k Employer Match Structure
Replies: 114
Views: 8856

Re: Best 401k Employer Match Structure

Shikoku wrote:
Mon Jan 15, 2018 4:36 pm
My employer contributes 16% of base salary irrespective of my contributions.
Your employer is extremely generous. Is it a governmental entity?

TravelforFun
by TravelforFun
Mon Jan 15, 2018 4:00 pm
Forum: Personal Finance (Not Investing)
Topic: TurboTax Prices
Replies: 153
Views: 17171

Re: TurboTax Prices

I buy Turbo Tax from Costco every year. This year version of Home federal without state is $30. I buy it and share it with my adult kids.

TravelforFun
by TravelforFun
Mon Jan 15, 2018 3:52 pm
Forum: Personal Finance (Not Investing)
Topic: Stats on When People Take Social Security
Replies: 74
Views: 4561

Re: Stats on When People Take Social Security

And then there are some, admittedly few, who took SS at 62 because they had young children who would get benefits, and a spouse who would wait until age 70. Not everyone filing at 62 “doesn’t get it.” 🍅 🍅 This is our situation. Wife will file for benefits at 62 this year and that would allow me to ...
by TravelforFun
Mon Jan 15, 2018 3:45 pm
Forum: Personal Consumer Issues
Topic: PTO policy after international business travel
Replies: 48
Views: 2320

Re: PTO policy after international business travel

Arriving one day ahead of your meeting and going back to the office one day after a long flight seems reasonable to me. Some people have no problems adjusting to time zone changes and some do. May be international traveling doesn't suit you if it takes you 5 days to recover at the end of trip. I ret...
by TravelforFun
Mon Jan 15, 2018 3:36 pm
Forum: Investing - Theory, News & General
Topic: Best 401k Employer Match Structure
Replies: 114
Views: 8856

Re: Best 401k Employer Match Structure

TwstdSista wrote:
Sun Dec 17, 2017 7:54 am
The best we've personally seen in the last few years was a 100% match up to a maximum of 3%, fully vested.

Second best was a 50% match up to a max of 6%, also fully vested.
My employer would put in 6% of our salary if the employee puts in 4% of his/hers. 100% vested in 5 years.

TravelforFun
by TravelforFun
Mon Jan 15, 2018 3:33 pm
Forum: Investing - Theory, News & General
Topic: Year 2000 retirees using the '4% rule' - Where are they now?
Replies: 281
Views: 22939

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

The fact that things work this way is why academic financial experts conclude that withdrawal from a portfolio is an inefficient way to use retirement assets and advocate that one should annuitize instead. The lack of enthusiasm for single premium immediate annuities is called the annuity puzzle. A...
by TravelforFun
Mon Jan 15, 2018 2:28 pm
Forum: Local Chapters and Bogleheads Community
Topic: Roll Call for the Retirement Class of 2018!
Replies: 77
Views: 10030

Re: Roll Call for the Retirement Class of 2018!

RubyTuesday wrote:
Sun Jan 14, 2018 11:23 pm
It’s official, my last day was Friday, Jan 12.

Tomorrow I will sleep In I think.
Congratulations, Ruby Tuesday. I heard sleeping in is hard for retirees to do.

TravelforFun
by TravelforFun
Mon Jan 15, 2018 2:23 pm
Forum: Personal Consumer Issues
Topic: A "Home" cell phone?
Replies: 29
Views: 1903

Re: A "Home" cell phone?

Some of my friends still have a home number (land line) but I don't dial those numbers anymore. I dial their mobile numbers. I don't see a need for a home number.

TravelforFun
by TravelforFun
Mon Jan 15, 2018 9:36 am
Forum: Personal Consumer Issues
Topic: Anyone disenchanted with retirement?
Replies: 142
Views: 13629

Re: Anyone disenchanted with retirement?

I retired 7 months ago. After catching up on my sleep and de-stressing, I've returned two days a week, different employer. I was getting bored and restless at home and just needed more to do. I love to read and I have hobbies, but I missed the social interaction and I'm in a field with a great shor...
by TravelforFun
Sat Jan 13, 2018 4:08 pm
Forum: Personal Finance (Not Investing)
Topic: Roth conversion confusion
Replies: 28
Views: 1148

Re: Roth conversion confusion

I got a few more years before I have to face RMD but out of curiosity, why would you want to convert your IRA over a two or three-year period rather than going the RMD route and convert that IRA over a much longer period? I would think RMD taxes would less burdensome. I don't know this poster's mot...
by TravelforFun
Sat Jan 13, 2018 1:05 pm
Forum: Investing - Help with Personal Investments
Topic: Capital Preservation after an 8 year bull market
Replies: 17
Views: 1889

Re: Capital Preservation after an 8 year bull market

I try to put as much stocks in Roth and taxable as possible because growth in Roth is tax free and growth in taxable could qualify for long term capital gain which is taxed as a low rate. I see this stock in roth due to tax-free a lot here.... The flip side is there is no tax sharing of losses :-) ...
by TravelforFun
Sat Jan 13, 2018 11:39 am
Forum: Personal Finance (Not Investing)
Topic: Roth conversion confusion
Replies: 28
Views: 1148

Re: Roth conversion confusion

I am converting my T-IRA to Roth because I do not want RMD's. I would like to convert some of it each year for tax purposes. I am confused about when I have to start taking RMD's and their relation to tax years. Let's say my birthday is 01/15/1950. In 2018, I am 68, and pay income taxes on 2017 inc...
by TravelforFun
Sat Jan 13, 2018 11:27 am
Forum: Investing - Theory, News & General
Topic: Energy sector time to turn around?
Replies: 39
Views: 3205

Re: Energy sector time to turn around?

You might want to read the book "Burn Out: The Endgame for Fossil Fuels" by Dieter Helm before putting money in the energy sector. While there is some speculation in the book I found it pretty compelling overall. But not compelling enough that I would *short* the energy sector. I read the book whic...
by TravelforFun
Sat Jan 13, 2018 11:11 am
Forum: Investing - Help with Personal Investments
Topic: Capital Preservation after an 8 year bull market
Replies: 17
Views: 1889

Re: Capital Preservation after an 8 year bull market

I try to put as much stocks in Roth and taxable as possible because growth in Roth is tax free and growth in taxable could qualify for long term capital gain which is taxed as a low rate. I would put bonds in 401k since growth in 401k will be taxed at your marginal rate when you withdraw. Having sai...
by TravelforFun
Sat Jan 13, 2018 9:06 am
Forum: Personal Finance (Not Investing)
Topic: 2018 Retirement Checklist.
Replies: 16
Views: 2545

Re: 2018 Retirement Checklist.

Have you looked into you collecting earlier than 66 so your husband can collect spousal benefits at age 66 and receive $11.5K a year until he turns 70 when he claims his own benefits and receives $45K a year? This isn't an option for the OP. Since they both turn 64 in August that means they were bo...
by TravelforFun
Fri Jan 12, 2018 6:03 pm
Forum: Personal Finance (Not Investing)
Topic: 2018 Retirement Checklist.
Replies: 16
Views: 2545

Re: 2018 Retirement Checklist.

I expect to collect SS at 66 of about $23k per year. Husband will wait until age 70 to collect $45k per year. I have based this information on our actual SS statements based on our earnings. Have you looked into you collecting earlier than 66 so your husband can collect spousal benefits at age 66 a...
by TravelforFun
Fri Jan 12, 2018 5:52 pm
Forum: Personal Finance (Not Investing)
Topic: Figuring needed value of lump sum to provide given withdrawal rate
Replies: 11
Views: 608

Re: Figuring needed value of lump sum to provide given withdrawal rate

The correct function to determine the needed present value is the "present value" function, named PV in spreadsheet software. For the values you gave, having spreadsheet software evaluate PV(0.03, 20, -30000) returns 446,324. Thanks. Now, what if I want to take inflation into account? The dollar am...
by TravelforFun
Fri Jan 12, 2018 5:48 pm
Forum: Personal Finance (Not Investing)
Topic: Our 'cure' for emergency expenses
Replies: 63
Views: 6631

Re: Our 'cure' for emergency expenses

I do my budget monthly and my actual expenses track pretty closely. I don't keep an emergency fund. TravelforFun Just curious, how do you fund actual big surprises? Such as replacing HVAC equipment (>$5000) or removing a large dead tree (>$3000). I can see how renters can avoid saving for major cap...
by TravelforFun
Fri Jan 12, 2018 5:42 pm
Forum: Investing - Help with Personal Investments
Topic: Help With First Time Rebalance
Replies: 2
Views: 200

Re: Help With First Time Rebalance

Questions: 1. How should I allocate my 401k funds? 2. What are your thoughts on my old 401k? Should I leave as is? Or roll it into my new 401k or TIRA? Thank you!! Currently you have $115K and per your desired AA, you should have $69K in US stocks, $35K in international, and $11K in bonds/cash. Thi...
by TravelforFun
Fri Jan 12, 2018 5:28 pm
Forum: Personal Finance (Not Investing)
Topic: Our 'cure' for emergency expenses
Replies: 63
Views: 6631

Re: Our 'cure' for emergency expenses

About six years ago, my wife and I read Mary Hunt's book "Debt-Proof Your Marriage," which was a good read. What was the most valuable piece of information we got from her was the idea of a 'freedom fund', an account used to save and pay for irregular expenses. Why we hadn't thought of this before,...
by TravelforFun
Fri Jan 12, 2018 5:22 pm
Forum: Investing - Help with Personal Investments
Topic: Reasoning behind Backdoor Roth IRA
Replies: 11
Views: 663

Re: Reasoning behind Backdoor Roth IRA

Hello, I am trying to understand the reasoning behind not allowing high income earners contribute to a Roth IRA directly, even though they still can do a backdoor ROTH. Why the workaround in the first place? High income earners can't deduct the traditional contributions anyway, so why can't they ju...
by TravelforFun
Thu Jan 11, 2018 9:10 pm
Forum: Personal Finance (Not Investing)
Topic: Is it time for me to "call in rich"?
Replies: 75
Views: 11878

Re: Is it time for me to "call in rich"?

Marcopolo,

Back of envelop math, hence the error. A portion of the OP’s portfolio should be invested conservatively just to keep up with inflation unless they want to face sequence of return risk, and 3% is to ensure the money would last them forever.

TravelforFun
by TravelforFun
Thu Jan 11, 2018 7:04 pm
Forum: Personal Finance (Not Investing)
Topic: Is it time for me to "call in rich"?
Replies: 75
Views: 11878

Re: Is it time for me to "call in rich"?

OP, this is my back-of-the-envelope calculations. I’m going to be conservative and say you need $95K a year or $110K before taxes. If you retire now, follow these numbers: Between 2018 and 2023 when your wife retires, you would need ($110K -$55K wife’s income) x 5 years = $275K Between 2023 and 2030...
by TravelforFun
Thu Jan 11, 2018 6:29 pm
Forum: Personal Finance (Not Investing)
Topic: Max out 2018 Roth IRAs or pay off CC
Replies: 9
Views: 652

Re: Max out 2018 Roth IRAs or pay off CC

OP, what would be the CC interest after 12 months and are you sure if you couldn't pay off the balance before the 12th month is up, they wouldn't charge you interest from the beginning? Be careful.

TravelforFun
by TravelforFun
Wed Jan 10, 2018 8:00 pm
Forum: Personal Consumer Issues
Topic: Anyone disenchanted with retirement?
Replies: 142
Views: 13629

Re: Anyone disenchanted with retirement?

Just hit 7 years in retirement and things seem to be going fast, but well for me. Was wondering if anyone has been disappointed with retirement and maybe went back to work, and went did that hit? I'm semi-retired, working three days a week. I love my work schedule and the work itself, but I've foun...
by TravelforFun
Tue Jan 09, 2018 6:15 pm
Forum: Investing - Help with Personal Investments
Topic: adjust the ratio of stock/bond?
Replies: 10
Views: 747

Re: adjust the ratio of stock/bond?

OP, you're right we advise against timing the market on this forum but let me ask you why you want to settle on a 60/40 AA? Is it because 60/40 fits your risk tolerance? Best way to select your AA is to run a few numbers and see how you feel about them. Say you have $100,000 and 80% of it is in stoc...
by TravelforFun
Tue Jan 09, 2018 5:57 pm
Forum: Forum Issues and Administration
Topic: Help me understand question-less financial status (e.g. "2 comma club") threads.
Replies: 175
Views: 8407

Re: Help me understand question-less financial status (e.g. "2 comma club") threads.

[*]If the principle is that anything people enjoy, that hasn't been demonstrated frequently go off the rails into anger and bad feeling so quickly that moderators can't nip it in the bud (i.e. "sex, politics, and religion," although only one of those is a problem here), , Haha... I agree. Only one ...
by TravelforFun
Sun Jan 07, 2018 2:12 pm
Forum: Investing - Theory, News & General
Topic: Anyone using Optum Bank for HSA?
Replies: 23
Views: 3168

Re: Anyone using Optum Bank for HSA?

I have an HSA account at Optum. I keep $1,500 In cash and the rest in mutual funds. No fees.

TravelforFun
by TravelforFun
Sun Jan 07, 2018 2:08 pm
Forum: Investing - Help with Personal Investments
Topic: Do we have too much in bonds?
Replies: 25
Views: 2570

Re: Do we have too much in bonds?

OP, I don't get theses numbers: your pension is 65K, your wife is making $40K, your expense is $50K, but you still need to take out $40K a year from your investment before SS kicks in? With pension, SS, and perhaps a 2 or 3% withdrawal, you will have more than enough to live on. You should spend and...
by TravelforFun
Sun Jan 07, 2018 1:41 pm
Forum: Personal Finance (Not Investing)
Topic: Request your suggestion - current job Vs. New job
Replies: 35
Views: 2250

Re: Request your suggestion - current job Vs. New job

I changed job every 8-10 years and found my career has advanced faster than my former colleagues who decided to stay put. Of course, a new job brings anxiety, new challaenges, and disrupt routine but if you could adapt, you would get used to it, overcome challenges, learn new things, and take on new...
by TravelforFun
Sun Jan 07, 2018 1:21 pm
Forum: Investing - Theory, News & General
Topic: Memo to those who have won the game: it's time to quit playing
Replies: 210
Views: 17570

Re: Memo to those who have won the game: it's time to quit playing

Nothing is certain and no one can be sure they have won the game.

Best thing we can do is to stay the course and maintain the AA with which we're comfortable. Forcing ourself to rebalance in times like this eliminate the greed factor.

TravelforFun
by TravelforFun
Thu Jan 04, 2018 8:40 pm
Forum: Investing - Theory, News & General
Topic: Hitting The Sell Button
Replies: 211
Views: 21555

Re: Hitting The Sell Button

Despite crying in my root beer all weekend over a portfolio return of "only" 15.01%, I can't help but notice the tremendous power of this bull market. Since July 2013, I have been mildly rebalancing from stocks to bonds. It seems like all I have been doing has been hitting the "sell" button, sellin...
by TravelforFun
Thu Jan 04, 2018 7:57 pm
Forum: Investing - Theory, News & General
Topic: Hitting The Sell Button
Replies: 211
Views: 21555

Re: Hitting The Sell Button

I keep 10 years worth of expenses in bonds and never have to worry about rebalancing.

TravelforFun
by TravelforFun
Thu Jan 04, 2018 12:37 pm
Forum: Investing - Theory, News & General
Topic: DOW breaks 25,000 for first time ever
Replies: 55
Views: 5455

Re: DOW breaks 25,000 for first time ever

I only break out champagne for powers of ten. Powers of ten in dollars . Powers of ten in quarters, no. After 10,000, next champagne stop is 100,000. It broke 24,000 for the first time only a month ago. A year ago, November, it was under 18,000 - That's 7,000 points, or 36%, in a year. Doubt I'll s...
by TravelforFun
Thu Jan 04, 2018 12:33 pm
Forum: Investing - Theory, News & General
Topic: Did everyone in the early 80s have their money in CDs?
Replies: 77
Views: 6122

Re: Did everyone in the early 80s have their money in CDs?

Yes I bought many CDs with 0% cash advances from credit card companies. No regrets!

TravelforFun
by TravelforFun
Wed Jan 03, 2018 4:24 pm
Forum: Investing - Help with Personal Investments
Topic: Early Retirement Planning Advice
Replies: 43
Views: 4059

Re: Early Retirement Planning Advice

Simple rule of thumb- you will need at least80% of what you earn now, excluding SS to retire comfortably. SS should be taken at 62 and reinvested 60/40 equity index fund and total bond market index. You should not plan on completely retiring if you have to take withdrawals before age 65-69. By work...
by TravelforFun
Wed Jan 03, 2018 3:57 pm
Forum: Investing - Help with Personal Investments
Topic: Two-comma club just in time for the New Year, and thank you
Replies: 47
Views: 4716

Re: Two-comma club just in time for the New Year, and thank you

Congrats. We hit the 6 comma club at the end of last year which corresponded almost exactly with when I got my last severance paycheck after being laid off of my job. 6 commas? You must be the richest man in the history of the world. Lol. Btw, I went to see ‘All the Money in the World’ this weekend...
by TravelforFun
Tue Jan 02, 2018 10:48 pm
Forum: Personal Consumer Issues
Topic: Specific Travel Question - USA to Belgium to Italy
Replies: 33
Views: 1801

Re: Specific Travel Question - USA to Belgium to Italy

Forgive me for gatecrashing this thread for a specific question on flying to Naples to get to Amalfi Coast. I Will be flying from Barcelona to Italy in Spring and working my way north. Considering Naples' reputation, is it better to fly from BCN to Rome rather than BCN to Naples to get to Sorrento ...
by TravelforFun
Tue Jan 02, 2018 10:44 pm
Forum: Investing - Help with Personal Investments
Topic: Early Retirement Planning Advice
Replies: 43
Views: 4059

Re: Early Retirement Planning Advice

Simple rule of thumb- you will need at least80% of what you earn now, excluding SS to retire comfortably. SS should be taken at 62 and reinvested 60/40 equity index fund and total bond market index. You should not plan on completely retiring if you have to take withdrawals before age 65-69. By work...
by TravelforFun
Tue Jan 02, 2018 9:29 pm
Forum: Personal Consumer Issues
Topic: Specific Travel Question - USA to Belgium to Italy
Replies: 33
Views: 1801

Re: Specific Travel Question - USA to Belgium to Italy

1) USA to Brussels, Belgium. Spend 3 days/2 nights there visiting with family. Brusels is a beautiful city especially its Grand Square. 2) Brussels to Brugge, Belgium by train. Spend 2 days/1 night there. Could do 3 days/2 nights there as well to ensure have plenty of time to relax and visit places...
by TravelforFun
Tue Jan 02, 2018 9:18 pm
Forum: Investing - Theory, News & General
Topic: When married, whose contribution should you prioritize?
Replies: 30
Views: 2834

Re: When married, whose contribution should you prioritize?

My wife and I are taking full advantage of our 401k matching, and are planning to max our Roth contributions for 2017. Now, for 2018 and beyond, if we're not able to afford maxing both Roth's, which should we prioritize? My wife is in her mid 20's and I'm in my early 30's. Is better to take advanta...
by TravelforFun
Tue Jan 02, 2018 5:20 pm
Forum: Investing - Help with Personal Investments
Topic: Two-comma club just in time for the New Year, and thank you
Replies: 47
Views: 4716

Re: Two-comma club just in time for the New Year, and thank you

Congrats. We hit the 6 comma club at the end of last year which corresponded almost exactly with when I got my last severance paycheck after being laid off of my job. 6 commas? You must be the richest man in the history of the world. Lol. Btw, I went to see ‘All the Money in the World’ this weekend...
by TravelforFun
Mon Jan 01, 2018 11:55 pm
Forum: Investing - Theory, News & General
Topic: Buffett wins his bet: S&P500 beats selected hedge funds over last 10 years
Replies: 45
Views: 6113

Re: Buffett wins his bet: S&P500 beats selected hedge funds over last 10 years

Had Warren Buffett betted against Charlie Chai, fund manager of Fidelity Select Technology, the outcome would have been different. FSPTX went up 49% in 2017 and averages 13% over 10 years.

TravelforFun
by TravelforFun
Mon Jan 01, 2018 11:44 pm
Forum: Personal Finance (Not Investing)
Topic: Any Recent Experience with Vietnam ATMs?
Replies: 14
Views: 875

Re: Any Recent Experience with Vietnam ATMs?

Bring the cash. I travel to Vietnam every year because my spouse is from there. ATM's are unreliable. We always bring, and carefully safeguard, the cash we will need. CC's of course work fine for hotels and most restaurants and shops in Saigon, Hanoi, and tourist areas. Do you bring dollars or VN d...
by TravelforFun
Mon Jan 01, 2018 9:09 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 1728
Views: 304756

Re: What are you up YTD? [Year To Date]

mptfan wrote:
Mon Jan 01, 2018 8:25 pm
TravelforFun wrote:
Mon Jan 01, 2018 8:11 pm
F = Your portfolio value on 12/31/2017
P = Your portfolio value on 1/1/2017
That's only 364 days. Your P should be 12/31/2016.
is there a difference?

TravelforFun
by TravelforFun
Mon Jan 01, 2018 8:11 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 1728
Views: 304756

Re: What are you up YTD? [Year To Date]

How do you calculate the YTD returns when you are dollar cost averaging? Solve for 'i' in this formula: F = P(1+i)^12 + A((1+i)^12-1)/i F = Your portfolio value on 12/31/2017 P = Your portfolio value on 1/1/2017 A = Monthly amount you added to your portfolio i = Average monthly return. Multiply by ...
by TravelforFun
Mon Jan 01, 2018 2:11 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 1728
Views: 304756

Re: What are you up YTD? [Year To Date]

79.4% (although this includes savings in, haven't stripped out net-adds yet on my calcs). That's breathtaking! How did you get this kind of gain? TravelforFun It's breathtaking because it includes all the contributions, it's called Beardstown Ladies accounting. I know. I was hoping monsterid would ...