Search found 472 matches

by truenorth418
Thu Jul 16, 2020 6:35 am
Forum: Personal Finance (Not Investing)
Topic: My office job in NYC has just gone remote for the rest of the year. Can I reduce my tax burden by moving to Florida?
Replies: 92
Views: 8513

Re: My office job in NYC has just gone remote for the rest of the year. Can I reduce my tax burden by moving to Florida?

Lol. New Yorker here. Many of the supposed threats to safety and security you cite are hyperbolic and not supported by data. The end of bail for non violent offenses does not represent a threat to my safety. I wouldn’t believe everything you see on television. I feel far safer in an environment whe...
by truenorth418
Thu Jul 16, 2020 5:17 am
Forum: Personal Finance (Not Investing)
Topic: My office job in NYC has just gone remote for the rest of the year. Can I reduce my tax burden by moving to Florida?
Replies: 92
Views: 8513

Re: My office job in NYC has just gone remote for the rest of the year. Can I reduce my tax burden by moving to Florida?

Are you sure you want to move to Florida...NOW? It seems safer to just stay put and pay the taxes. Safer in NYC? :shock: Move to FL. Watch/read the news lately? :shock: I've read the news. Florida covid cases have risen sharply, deaths also increased, thank goodness not at the same rate as cases so...
by truenorth418
Sat Jul 11, 2020 3:17 am
Forum: Personal Investments
Topic: VSS Dividends
Replies: 23
Views: 1784

Re: VSS Dividends

Anyway, it seems odd that Vanguard announced there would be a distribution, did not do it, and said nothing about that. I share your concerns. I own 100s of 1,000s of $$ worth of this ETF. Vanguard announced a distribution and then didn't pay it. If an individual company did this they would be exco...
by truenorth418
Sun Jul 05, 2020 7:29 am
Forum: Investing - Theory, News & General
Topic: Coronavirus and the market
Replies: 4005
Views: 307005

Re: Coronavirus and the market

Stock markets (that is, the people who make up the markets) hate uncertainty. We now know a lot more about coronavirus than was known back in February - March. We know that the supply chains have worked their way around outbreaks. PPE items are now generally available. We know about hand sanitizer,...
by truenorth418
Thu Jul 02, 2020 6:13 am
Forum: Personal Finance (Not Investing)
Topic: What is the best financial decision you ever made?
Replies: 213
Views: 16631

Re: What is the best financial decision you ever made?

To live most of my income earning years in a residence that was well, well below my means. I lived in a cheap studio apartment for almost 20 years in my 30s and 40s, socked away a ton of money, so I could retire at age 47.
by truenorth418
Tue Jun 30, 2020 7:18 am
Forum: Personal Consumer Issues
Topic: Job candidate sending messages via LinkedIn
Replies: 62
Views: 3677

Re: Job candidate sending messages via LinkedIn

Agree. Let HR handle it. BUT in my experience the degree of follow up to the "losing candidates" by the interviewing companies is typically AWFUL. I can't tell you how many times I snuck out of work, used vacation days, travelled to faraway cities, to interview for a job, and never -NEVER- heard bac...
by truenorth418
Sun Jun 14, 2020 9:18 am
Forum: Personal Finance (Not Investing)
Topic: Prenup? What Should It Say?
Replies: 232
Views: 11556

Re: Prenup? What Should It Say?

If I were you I would hire my own lawyer and talk through all of the possibilities. Your SO should have her own attorney. If you opt for a pre-nup, make sure it represents the wishes of both of you. In the event your MIL is right and the pre-nup is thrown out someday in the future, make sure you hav...
by truenorth418
Sun Jun 14, 2020 6:29 am
Forum: Personal Consumer Issues
Topic: Retiring Abroad
Replies: 109
Views: 11263

Re: Retiring Abroad

houseofnine wrote:
Fri Jun 12, 2020 1:49 pm


Thanks. We are in the early stages, but I’m thinking Europe would be our first choice (Portugal, Spain, Italy), followed by South America (Columbia).
ColOmbia.
by truenorth418
Wed Jun 10, 2020 10:12 am
Forum: Personal Consumer Issues
Topic: What happens to all my digitized photos when I die?
Replies: 68
Views: 5401

Re: What happens to all my digitized photos when I die?

Back them up as jpegs on a variety of media. Unfortunately, popular types of media come and go. You could save them on CD's, but CD drives are becoming less common. Same with USB inputs. So many digital companies gravitating to the "cloud". One thing you could do is choose the most modern type of po...
by truenorth418
Tue May 12, 2020 12:41 pm
Forum: Investing - Theory, News & General
Topic: proportional withdrawal -> no sequence-of-returns risk
Replies: 30
Views: 1374

Re: proportional withdrawal -> no sequence-of-returns risk

This seems overly simplistic and assumes that the person plans on never spending down the portfolio. If at any given time I keep 96% of my portfolio, of course I'll never run out of money. You're right, it's just mathematics. But it doesn't take into account whether 4% of whatever is left after a l...
by truenorth418
Mon May 11, 2020 1:35 pm
Forum: Investing - Theory, News & General
Topic: At what moment does retirement begin?
Replies: 68
Views: 5877

Re: At what moment does retirement begin?

My retirement began on Friday, September 30, 2011, at 3PM EDT.

The day I walked out of mega-corp HQ for the last time was one of the best days of my life.
by truenorth418
Mon May 11, 2020 6:38 am
Forum: Personal Finance (Not Investing)
Topic: What age do you use for retirement end date?
Replies: 68
Views: 4319

Re: What age do you use for retirement end date?

I use 100.

As a safety precaution, better to aim on the high side vs use some statistical average or "what age you did your parents die" approach and maybe run out of money.
by truenorth418
Wed Apr 29, 2020 10:22 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 7463
Views: 607030

Re: U.S. stocks continue to soar!

I am not a market timer and never have been, but if I ever was to attempt, I can't imagine a more tempting time than now. The country is shut down, earnings are going to be awful, we're very likely in a recession, unemployment is 17% or maybe higher, we are seeing resurgence in virus cases when oth...
by truenorth418
Sun Apr 26, 2020 10:21 am
Forum: Personal Finance (Not Investing)
Topic: Moving out of NYC due to pandemic
Replies: 164
Views: 13081

Re: Moving out of NYC due to pandemic

Don't move out of NYC because of the pandemic. Move out of NYC because there are many other places to live with superior quality of life, lower cost of living, better weather, much lower taxes, places that are more accepting of people with alternative politic views, and where residents don't think t...
by truenorth418
Fri Apr 24, 2020 10:45 am
Forum: Personal Finance (Not Investing)
Topic: Moving out of NYC due to pandemic
Replies: 164
Views: 13081

Re: Moving out of NYC due to pandemic

I moved out of NYC 2 years ago.

My only regret is that I didn't leave sooner.

Good luck to you, whatever you decide.
by truenorth418
Fri Apr 24, 2020 7:50 am
Forum: Investing - Theory, News & General
Topic: [Jim Cramer] "Stop Buying Index Funds"
Replies: 37
Views: 6179

Re: [Jim Cramer] "Stop Buying Index Funds"

If Jim Cramer - or any of the other TV tabloid financial porn idiots - was so good at picking individual stocks, he would be a multi-billionaire like Warren Buffett.

Is he?
by truenorth418
Thu Apr 23, 2020 6:23 am
Forum: Personal Finance (Not Investing)
Topic: Best Covid19 resistant job
Replies: 154
Views: 9886

Re: Best Covid19 resistant job

Government worker.

More specifically, federal government worker.
by truenorth418
Sun Apr 12, 2020 6:00 am
Forum: Personal Finance (Not Investing)
Topic: How often do you login and review your investment accounts?
Replies: 68
Views: 2597

Re: How often do you login and review your investment accounts?

I built a google spreadsheet the updates in real time. I log into the accounts a couple of times a week depending on what I need to do.
by truenorth418
Wed Apr 08, 2020 1:22 pm
Forum: Personal Consumer Issues
Topic: How do you maximize enjoyment after achieving FI?
Replies: 161
Views: 8866

Re: How do you maximize enjoyment after achieving FI?

I love to travel all over the world, even for months at a time. I love to take cruises. But I can't do those things anymore because of the coronavirus situation. Now I just sit at home and think about doing those things, which is not nearly as enjoyable. Thanks China!
by truenorth418
Mon Apr 06, 2020 6:50 pm
Forum: Investing - Theory, News & General
Topic: The Calm Post - Stay the course thread.
Replies: 511
Views: 45866

Re: The Calm Post - Stay the course thread.

Bumping this thread. It didn't receive much attention a few weeks ago vs. the various "hair-on-fire" threads. The market was up over 7% today. It's up about 19% since March 23. Bogleheads has become unusually contentious recently. I'm sure we can all come together in hopes that the corona situation ...
by truenorth418
Fri Mar 27, 2020 11:07 am
Forum: US Chapters
Topic: [Archived] Bogleheads community discussion - Coronavirus
Replies: 4963
Views: 195824

Re: Bogleheads community discussion - Coronavirus

Disease spread does not follow the laws of economics or the stock market. Comparing COVID to TSLA is...interesting. The data supports exponential spread up to this point. At some point that will inevitably slow. We might have slowed it already with highly aggressive public health policies. In the U...
by truenorth418
Tue Mar 17, 2020 9:27 am
Forum: Personal Investments
Topic: When are you rebalancing?
Replies: 76
Views: 4675

Re: When are you rebalancing?

I rebalance based on 5%/25% bands. I hit the rebalancing band on the way down yesterday, and so I sold off some bond fund and bought some stock this morning to get back to my target AA. Specifically I bought more international and small caps index funds - those have been hammered even worse than U.S...
by truenorth418
Mon Mar 09, 2020 5:32 am
Forum: Investing - Theory, News & General
Topic: "Here We Go Again!"
Replies: 32
Views: 7157

Re: "Here We Go Again!"

Thank you for sharing this Taylor. Very helpful.
by truenorth418
Tue Mar 03, 2020 7:08 pm
Forum: Personal Consumer Issues
Topic: Moving out of usa for 12-14 months : requesting suggestions
Replies: 13
Views: 1075

Re: Moving out of usa for 12-14 months : requesting suggestions

Port the numbers to Google Voice, which will cancel your Verizon plan. You'll be able to make and receive calls via the Internet (using phone or computer), but the quality isn't always great. Google Voice is absolutely right. This is what I did. And you can leave it ported their indefinitely until ...
by truenorth418
Tue Mar 03, 2020 9:35 am
Forum: Investing - Theory, News & General
Topic: Are CNBC all day traders?
Replies: 71
Views: 5259

Re: Are CNBC all day traders?

If these CNBC types were as savvy about stock picking they would all be gazillionaires and would not have to work for CNBC in the first place.
by truenorth418
Mon Mar 02, 2020 8:13 am
Forum: Investing - Theory, News & General
Topic: [Why aren't forum members following the "Stay the course" approach?]
Replies: 372
Views: 26029

Re: Disappointed in forum members

Also, we have a whole generation of investors that have never seen a bear market and may not have chosen the right asset allocation. The previous market “plunge” -20% ended Dec 2018. Only 14 months ago. Personally I was disgusted by the doom and gloom on the Bogleheads forum over the last few days.
by truenorth418
Sat Feb 29, 2020 9:45 am
Forum: Investing - Theory, News & General
Topic: Coronavirus and the market
Replies: 4005
Views: 307005

Re: Coronavirus and the market

The amount of gloom and doom sentiment on this thread on the Bogleheads Forum is shocking. Among the principles of the Bogleheads are to have an IPS consistent with your risk tolerance and stick to it. Stay the course. Don’t just do something stand there. If you are uncomfortable with the performanc...
by truenorth418
Fri Feb 28, 2020 6:43 am
Forum: Investing - Theory, News & General
Topic: The Calm Post - Stay the course thread.
Replies: 511
Views: 45866

Re: The Calm Post - Stay the course thread.

OP thanks for starting this thread. I think it’s far more in keeping with the spirit and philosophy of Bogleheads than many of the other threads that have appeared in the last few days. it was just 14 months ago the market completed a -20% correction (some would call it a bear market). So much panic...
by truenorth418
Mon Jan 27, 2020 9:23 pm
Forum: Personal Consumer Issues
Topic: Amount of cash wedding gift?
Replies: 57
Views: 4837

Re: Amount of cash wedding gift?

I recently missed my niece's wedding but sent $250 plus a nice card with hand-written sentiments.

Just do that and don't give it a second thought.
by truenorth418
Wed Jan 22, 2020 9:08 pm
Forum: Personal Finance (Not Investing)
Topic: to pre-nup or not?
Replies: 133
Views: 12067

Re: to pre-nup or not?

My FIL got a pre-nup when he got re-married later in life. Unfortunately, his future wife's attorney wrote it and he didn't read it. Big mistake. The good news is that the divorce judge declared that it was pretty unfair, and he was able to salvage about 50% of his pre-marital assets instead of los...
by truenorth418
Tue Dec 31, 2019 7:09 pm
Forum: Personal Finance (Not Investing)
Topic: To what do you owe your ability to forego spending now and save for your future?
Replies: 116
Views: 5180

Re: To what do you owe your ability to forego spending now and save for your future?

I attribute it to my desire for financial independence, not wanting to be controlled by others - and the self discipline and intelligence it took me to achieve that.

(God bless my parents but I can’t say they were a primary driver as my siblings are not like me at all in this respect).
by truenorth418
Tue Dec 17, 2019 12:17 am
Forum: Personal Consumer Issues
Topic: "Safer" places for Spanish immersion experience?
Replies: 84
Views: 7429

Re: "Safer" places for Spanish immersion experience?

For safer "immersion" experiences I recommend Spain, Chile or Argentina. I love Mexico and Colombia and have visited both countries many times, and I will continue to do so. But I would not characterize them as the safest of options. Colombia may be "safer" than it used to be - and probably some of ...
by truenorth418
Wed Dec 04, 2019 4:24 pm
Forum: Personal Finance (Not Investing)
Topic: How much money can retirees really save by moving to a state without income tax?
Replies: 143
Views: 12030

Re: How much money can retirees really save by moving to a state without income tax?

Just projecting my income taxes on capital gains and Roth conversions for the first 3 year after my move from NYC to Florida, I will save over $50,000 in taxes just on these items alone. I haven't even bothered to calculate the savings beyond the first 3 years, it is a no-brainer that Florida is far...
by truenorth418
Tue Dec 03, 2019 7:33 pm
Forum: Personal Finance (Not Investing)
Topic: Most "vanguard like" HSA provider
Replies: 30
Views: 2762

Re: Most "vanguard like" HSA provider

I moved my HSA to Fidelity a year ago. All is well.
by truenorth418
Fri Nov 29, 2019 5:21 pm
Forum: Personal Investments
Topic: QDRO/Divorce/Market Timing Question
Replies: 25
Views: 1881

Re: QDRO/Divorce/Market Timing Question

1) don’t ignore a court order. Get it done ASAP.

2) don’t get married again without an enforceable pre-nuptial agreement.
by truenorth418
Mon Nov 25, 2019 8:13 pm
Forum: Personal Finance (Not Investing)
Topic: We have a prenup, now buying a house.
Replies: 117
Views: 7661

Re: We have a prenup, now buying a house.

This thread reminds me of that old joke: "Don't get married. Just find somebody you hate and buy them a house."
by truenorth418
Sat Nov 02, 2019 8:36 pm
Forum: Personal Consumer Issues
Topic: Cruises, where to book?
Replies: 17
Views: 1906

Re: Cruises, where to book?

Call the NCL rep on the toll free number listed on their website. Ask if they can offer any “extras” that you’d actually be interested in. Put down a deposit. Check back occasionally to see if there are any price decreases prior to final payment is due. If there are any price reductions, call your r...
by truenorth418
Sun Sep 08, 2019 1:31 pm
Forum: Personal Consumer Issues
Topic: Retirees: Ever feel really lazy?
Replies: 42
Views: 5787

Re: Retirees: Ever feel really lazy?

I love being retired, but yes sometimes I do feel a little lazy. For example, I love to go to the gym in the morning after breakfast, but sometimes I procrastinate and visit the bogleheads forum for a few hours instead instead. This is one of those mornings.
by truenorth418
Sun Aug 25, 2019 4:49 pm
Forum: Personal Finance (Not Investing)
Topic: Marrying earlier for insurance/finances?
Replies: 39
Views: 3122

Re: Marrying earlier for insurance/finances?

Anyone who has been divorced can tell you that marriage at its core, once all the trappings are stripped away, is just a special kind of legal contract. It’s a contract between 2 people, their local, state, and federal governments. It’s a contract with significant legal, personal finance, and tax im...
by truenorth418
Fri Aug 23, 2019 10:12 am
Forum: Personal Finance (Not Investing)
Topic: Prepare for Recession?
Replies: 80
Views: 13773

Re: Prepare for Recession?

apple44 wrote:
Wed Aug 21, 2019 5:23 pm
There has been a lot of talk recently about the upcoming recession. The rumor is that a recession is coming in the next 12 months.
I don't watch the news so I must have missed these "rumors". When will this "upcoming recession" begin?
by truenorth418
Sun Aug 18, 2019 4:07 pm
Forum: Personal Finance (Not Investing)
Topic: Do Bogleheads plan to utilize Independent Living facilities?
Replies: 108
Views: 12460

Re: Do Bogleheads plan to utilize Independent Living facilities?

Thanks for posting this. I look forward to the responses.

I intend to do this. Even if I do have family close by at that time, I would not want to be a bother to them.
by truenorth418
Sat Aug 17, 2019 2:21 pm
Forum: Personal Finance (Not Investing)
Topic: Taking a break in your 50s: Is it the kiss of death?
Replies: 86
Views: 9347

Re: Taking a break in your 50s: Is it the kiss of death?

I'm sure there are exceptions, but taking a "career break" is mostly considered unacceptable in corporate America, at least in my experience. I never understood why this might be the case. Any idea? I certainly wouldn't hold that against a qualified candidate. I can only speculate: - Maybe the hiri...
by truenorth418
Sat Aug 17, 2019 10:21 am
Forum: Personal Finance (Not Investing)
Topic: Taking a break in your 50s: Is it the kiss of death?
Replies: 86
Views: 9347

Re: Taking a break in your 50s: Is it the kiss of death?

I left a high paying corporate job at age 47. As I had been working non-stop for 25 years in high pressure jobs at big companies - without anything more than a week-long vacation once in a while - I decided to take a 2 month backpacking trip across Europe to treat myself and reflect. It was the end ...
by truenorth418
Sat Aug 10, 2019 3:44 pm
Forum: Personal Consumer Issues
Topic: How do you afford to travel?
Replies: 116
Views: 16893

Re: How do you afford to travel?

I don't care for flying, especially long haul flights. But sometimes it's unavoidable since I love to travel. In recent years, in retirement, I have begun to take use repositioning cruises, transatlantic cruises, and the like as a relaxing, enjoyable alternative. Likewise, after years of awful commu...
by truenorth418
Wed Jul 24, 2019 2:41 am
Forum: Personal Consumer Issues
Topic: Thank you notes,,, out of favor these days?
Replies: 107
Views: 6765

Re: Thank you notes,,, out of favor these days?

I wish this is a social convention that would die. I HATE giving or receiving thank-you notes for socially expected gifts (Birthdays, Births, Christmas, Weddings, Graduations). When I give a gift to a younger relative, I always tell them not to send a thank-you note. Why? Because each of those even...
by truenorth418
Mon Jul 01, 2019 4:21 pm
Forum: Personal Finance (Not Investing)
Topic: Intentional Divorce to avoid Marriage Penalties in tax code?
Replies: 54
Views: 5338

Re: Intentional Divorce to avoid Marriage Penalties in tax code?

As anybody who has gone through a divorce can tell you: today's marriage is, after all the the trappings are stripped away, essentially a legal contract between two individuals and their local, state and federal governments. This special contract has numerous potential legal, tax, and personal finan...
by truenorth418
Thu Jun 27, 2019 6:23 am
Forum: Personal Consumer Issues
Topic: Where to Live? N. Orange County, CA or Vancouver, WA or Atlanta
Replies: 82
Views: 7772

Re: Where to Live? N. Orange County, CA or Vancouver, WA or Atlanta

What is this obsession with "living near family"? 1) you have your own family now - wife, 2 kids. Everyone else is now just "extended family" 2) Atlanta has a major international airport - you can fly anywhere to visit your extended family or whoever you want, on your own timetable 3) How about you...
by truenorth418
Thu Jun 27, 2019 6:15 am
Forum: Personal Investments
Topic: Liability matching VPW plan
Replies: 17
Views: 1762

Re: Liability matching VPW plan

OP, I really like the way you laid out your plan - graphically and with the corresponding bullet points. It's a great way to visualize how a matching + variable withdrawal plan can work together over time. I think in your case your plan looks very reasonable.