Search found 263 matches

by Whiggish Boffin
Sat Jul 21, 2018 1:35 pm
Forum: Investing - Theory, News & General
Topic: Good Books on Investment?
Replies: 14
Views: 1075

Re: Good Books on Investment?

Dr. William Bernstein wrote "If You Can: How Millennials Can Get Rich Slowly". It's a free-to-download 15-page paper with a 7-book reading list. You read it once for the gist, and a second time while you do the readings. The books cover the five hurdles of motivation to save, theory, history, psycho...
by Whiggish Boffin
Wed Jul 18, 2018 7:58 am
Forum: Investing - Help with Personal Investments
Topic: Other alternatives
Replies: 15
Views: 1165

Re: Other alternatives

No ERs on the State Street Target Retirement funds, Russell Small-Cap, or U. S. Bond Index ? As expected, ERs of the State Street funds are the lowest of your options. Earlier, I recommended a Three-Fund Portfolio with your age in bonds. Since then I looked at your earlier posts. On 20 Apr. 2017, in...
by Whiggish Boffin
Mon Jul 09, 2018 5:50 pm
Forum: Personal Finance (Not Investing)
Topic: Book Recommendations for a new Boglehead
Replies: 8
Views: 680

Re: Book Recommendations for a new Boglehead

Dr. William Bernstein wrote If You Can: How Millennials Can Get Rich Slowly . It's a 15-page paper that you can download, for free, from the link. You read it twice -- once for the gist, and once for the reading assignments. If you absorb what's in the assigned books, you'll be giving us advice pret...
by Whiggish Boffin
Mon Jul 09, 2018 1:42 am
Forum: Investing - Theory, News & General
Topic: Article: Rich kids are counting on inheritance to pay for retirement
Replies: 31
Views: 4689

Re: Article: Rich kids are counting on inheritance to pay for retirement

When Dr. William Bernstein was growing up, he asked his father "Dad, are we rich?" Dad said "Your mother and I are quite well-to-do. You don't have a dime."
by Whiggish Boffin
Sun Jul 08, 2018 12:55 pm
Forum: Investing - Help with Personal Investments
Topic: Other alternatives
Replies: 15
Views: 1165

Re: Other alternatives

fiverus -- State Street isn't publicly releasing the ERs of these trust classes. You will have to find out what your ERs are. Did you get the 401(k) information folder when you on-boarded at the new job? If not, ask Human Resources for it. It should include information sheets for your available inve...
by Whiggish Boffin
Sat Jul 07, 2018 11:27 pm
Forum: Investing - Help with Personal Investments
Topic: Other alternatives
Replies: 15
Views: 1165

Re: Other alternatives

fiverus -- Mazel tov on the new job! How about Tayor Larimore's Three-Fund Portfolio ? 60% State Street U.S. Bond Index Securities Lending Series Fund - Class VI 23% State Street S&P 500 Index Securities Lending Series Fund - Class VI 4% State Street Russell Small Cap Index Securities Lending Series...
by Whiggish Boffin
Wed Jul 04, 2018 9:50 pm
Forum: Investing - Help with Personal Investments
Topic: When is ok to change your IPS?
Replies: 21
Views: 1359

Re: When is ok to change your IPS?

One of the smart guys in the DC area Bogleheads has an Amendment Clause in his Investment Policy Statement. It requires him to wait three months before making changes in allocation, except in response to a major event. He gives it here : [H]ere is the last paragraph in my own Investment Policy State...
by Whiggish Boffin
Sun Jul 01, 2018 4:57 pm
Forum: Investing - Help with Personal Investments
Topic: Question on "If You Can, How Millenials Can Get Rich Slowly"
Replies: 30
Views: 3838

Re: Question on "If You Can, How Millenials Can Get Rich Slowly"

I suppose you're referring to the paragraph under Hurdle Number Three: Those Who Ignore Financial History Are Doomed to Repeat It (page 10 of 16) that says: Put another way, we often depend on the recommendations of others for, say, restaurants, movies, doctors, or accountants; when all your friends...
by Whiggish Boffin
Sat Jan 27, 2018 9:34 pm
Forum: Personal Finance (Not Investing)
Topic: Cashed in Ibonds
Replies: 4
Views: 1146

Re: Cashed in Ibonds

I haven't actually used I-Bonds for education, so I don't know if it's worth it for a small tuition expense like yours. Google led me to the TreasuryDirect webpage on I-Bonds for Education Planning , which says: Additional Requirements to Qualify •Qualified higher education expenses must be incurred...
by Whiggish Boffin
Tue Jan 23, 2018 7:41 pm
Forum: Personal Consumer Issues
Topic: Medicare plan G supplement costs?
Replies: 15
Views: 1059

Re: Medicare plan G supplement costs?

I looked at random at four states' Department of Insurance websites: Kentucky, Oregon, Pennsylvania, and Texas. I couldn't find a list of Medigap premiums posted by those departments, the way Maryland and Virginia do. I suppose the OP will have to talk to salesmen to get a good answer. I'd guess the...
by Whiggish Boffin
Tue Jan 23, 2018 7:03 pm
Forum: Personal Consumer Issues
Topic: Medicare plan G supplement costs?
Replies: 15
Views: 1059

Re: Medicare plan G supplement costs?

Choosing a Medicare Supplement type G plan was my project last spring. I am a Virginia resident. I went to the Virginia State Corporation Commission Bureau of Insurance website, clicked Especially for Seniors , and then clicked Virginia Medigap Policies - Annual Premium Charts . This is a .pdf docum...
by Whiggish Boffin
Tue Jan 02, 2018 2:27 pm
Forum: Investing - Theory, News & General
Topic: An hour with David Swensen at Council of Foreign Relations
Replies: 25
Views: 3237

Re: An hour with David Swensen at Council of Foreign Relations

Fred-- That was my too-brief summary of Unconventional Success Chapter 3, Portfolio Construction , and Figure 3.1: Investors Reduce Their Risk As Time Horizon Shortens . Swensen's figure is the well-known return vs. risk graph from modern portfolio theory, with the Markowitz bullet giving the effici...
by Whiggish Boffin
Mon Jan 01, 2018 3:29 pm
Forum: Investing - Help with Personal Investments
Topic: Portion of Emergency Fund in TIPS?
Replies: 18
Views: 1755

Re: Portion of Emergency Fund in TIPS?

saltycaper --
I didn't realize we were competing either, and I regret that you took it that way. I meant to acknowledge the good points you had made.
by Whiggish Boffin
Sun Dec 31, 2017 10:12 am
Forum: Investing - Theory, News & General
Topic: An hour with David Swensen at Council of Foreign Relations
Replies: 25
Views: 3237

Re: An hour with David Swensen at Council of Foreign Relations

Stick5vw -- Swensen's book for individual investors is Unconventional Success . The preface says: When I began my work on Unconventional Success , I contemplated writing a different book... Pioneering Portfolio Management [his book for institutional investors] describes an equity-oriented, broadly d...
by Whiggish Boffin
Sun Dec 31, 2017 12:34 am
Forum: Investing - Help with Personal Investments
Topic: Portion of Emergency Fund in TIPS?
Replies: 18
Views: 1755

Re: Portion of Emergency Fund in TIPS?

Glad to be of service! saltycaper, thanks for playing! :) (Since 2014, I've had about a years' living expenses in I bonds. I started buying in 2010, making a big push. After 2014 I just rolled my tax refunds in. But I turned 59-1/2 during that time, and all my retirement accounts became available fo...
by Whiggish Boffin
Sat Dec 30, 2017 8:04 pm
Forum: Investing - Help with Personal Investments
Topic: Portion of Emergency Fund in TIPS?
Replies: 18
Views: 1755

Re: Portion of Emergency Fund in TIPS?

saltycaper -- Yes, tindel (the OP) could do all those things. They would all have tax consequences and require some effort to maintain. The TIPS-fund dividend would be taxable if not held in a tax-advantaged account. If held in a tax advantaged account there would be withdrawal penalties until he re...
by Whiggish Boffin
Sat Dec 30, 2017 4:30 pm
Forum: Investing - Help with Personal Investments
Topic: Portion of Emergency Fund in TIPS?
Replies: 18
Views: 1755

Re: Portion of Emergency Fund in TIPS?

Would you consider Series I savings bonds instead of TIPS? Same benefits and much simpler. TIPS have some disadvantages for an emergency fund. When the TIPS principal is increasd for inflation, that's taxable income for that year. You have to cough up the tax from some other source, because you have...
by Whiggish Boffin
Fri Nov 10, 2017 1:17 pm
Forum: Investing - Theory, News & General
Topic: Do you keep anything in your portfolio as a monument to your bad decisions?
Replies: 69
Views: 5992

Re: Do you keep anything in your portfolio as a monument to your bad decisions?

In 1991, I worked for a small aerospace company. We used an Orbital Sciences rocket to launch our satellites , and I bought $1000 of Orbital stock the next week. The stock price was high then because of our somewhat-successful launch. Peace broke out, and surplus ICBMs became available as cheap sate...
by Whiggish Boffin
Fri Nov 03, 2017 4:56 pm
Forum: Investing - Help with Personal Investments
Topic: TIPs Investment
Replies: 14
Views: 1472

Re: TIPs Investment

I used the #Cruncher spreadsheet to build a collapsing TIPS ladder. Since I retired (April Fools' Day 2017) I've been drawing it down. The ladder, and Social Security starting at age 70, will guarantee me enough to live in Genteel Poverty until I'm 78. The rest of my nest egg, in a balanced stock/bo...
by Whiggish Boffin
Sun Oct 29, 2017 1:38 pm
Forum: Investing - Help with Personal Investments
Topic: What’s a safe formula for assets needed to retire?
Replies: 58
Views: 5783

Re: What’s a safe formula for assets needed to retire?

The rule of thumb of [ assets > 25 x annual expense ] is a restatement of the Bengen 4% rule. It's not safe -- it's a rough approximation that could fail if you get bad returns early in retirement. Bobcat2 has presented something more precise: the funded ratio (FR). Retirement fund and endowment man...
by Whiggish Boffin
Sat Oct 28, 2017 10:44 pm
Forum: Investing - Help with Personal Investments
Topic: New to the world of investing.
Replies: 7
Views: 956

Re: New to the world of investing.

Also, visit the Bogleheads Wiki page on Military Finances . (The author served four years in the Air Force. He is Dr. Jim Dahle aka EmergDoc, a prolific Bogleheads contributor (over 12,000 posts). He is an emergency-medicine doctor who got the Air Force to put him through medical school. He made man...
by Whiggish Boffin
Mon Oct 23, 2017 10:43 am
Forum: Investing - Help with Personal Investments
Topic: Bond ladders that are hard to climb
Replies: 11
Views: 1455

Re: Bond ladders that are hard to climb

cresive-- Yes, SPIA is Single-Premium Immediate Annuity. That's the good kind of annuity. As to your second question: I had accumulated most of my nest egg before I understood bond ladders, so I just bought it all at once. No r-for-2 year involved. Maybe Pfau is talking about building a rolling ladd...
by Whiggish Boffin
Mon Oct 23, 2017 9:01 am
Forum: Investing - Help with Personal Investments
Topic: Bond ladders that are hard to climb
Replies: 11
Views: 1455

Re: Bond ladders that are hard to climb

Lots of us prefer a ladder of TIPS (Treasury Inflation-Protected Securities) to a ladder of nominal Treasuries. Nobody is expecting any unexpected inflation these days, but Inflation has happened before, so it might happen again. TIPS protect against that risk. Here's a thread about building a TIPS ...
by Whiggish Boffin
Sun Aug 13, 2017 11:59 am
Forum: Personal Finance (Not Investing)
Topic: Expect to spend $2.6M on healthcare?
Replies: 66
Views: 7979

Re: Expect to spend $2.6M on healthcare?

Your inflation factor amounts to a x 6.44 increase in price. Lots of things would seem expensive, but if wages keep pace, they won't be in real terms. Bananas now cost $0.50/lb, inflates to $3.16/lb. Gallon of milk now costs $2.69, inflates to $17.35. Modest house in Austin, TX now costs $300k, infl...
by Whiggish Boffin
Mon Aug 07, 2017 10:44 pm
Forum: Personal Finance (Not Investing)
Topic: kids think lazy if retire?
Replies: 70
Views: 9567

Re: kids think lazy if retire?

Concur with the attaboy sentiments above.

Two handy phrases:

"Your mother and I are quite well-to-do. You don't have a dime."
-- Dr. Wm. Bernstein's father when asked "Dad, are we rich?"

"What you think of me is none of my business."
-- Therapy maxim.
by Whiggish Boffin
Mon Aug 07, 2017 10:31 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Expectations
Replies: 4
Views: 1004

Re: Social Security Expectations

We don't know. The Social Security Administration would be glad to tell you. Set up a mySocialSecurity account, if you haven't already, here: https://www.ssa.gov/myaccount/message.html Download your latest Social Security statement, which includes your salary history. It will give a rough estimate o...
by Whiggish Boffin
Thu Jul 20, 2017 5:49 pm
Forum: Personal Consumer Issues
Topic: Would you let your teenager spend all his savings on a gaming computer?
Replies: 123
Views: 9824

Re: Would you let your teenager spend all his savings on a gaming computer?

Let him spend the money he earned. Strongly encourage him to give some. save some, and spend the rest with gladness. A 10% / 15% / 75% split would direct $150 to charity, $225 to savings, and $1,125 to the computer. Encourge him to build the computer, and document the build (photos, notes). If you c...
by Whiggish Boffin
Fri Jun 02, 2017 4:44 pm
Forum: Personal Consumer Issues
Topic: Favorite Biographies and Memoirs
Replies: 33
Views: 3130

Re: Favorite Biographies and Memoirs

Boyd: The Fighter Pilot Who Changed the Art of War , Robert Coram, 2004. Col. John Boyd, USAF, took over the Air Force's F-X fighter program in the 1960s. He gave an oral presentation to his commanding officer that began with him gesturing to the multi-volume industry studies on the side table, and...
by Whiggish Boffin
Wed Apr 19, 2017 11:18 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe says "Goodbye."
Replies: 336
Views: 50271

Re: Larry Swedroe says "Goodby."

In 2004, announcing that he would shut down his long-essay blog USS Clueless , the late Steven den Beste wrote: I've learned something interesting: if you give away ice cream, eventually a lot of people will complain about the flavors, and others will complain that you aren't also giving away syrup ...
by Whiggish Boffin
Thu Apr 13, 2017 1:04 am
Forum: Investing - Help with Personal Investments
Topic: STRIPS ladder to buy my retirement home?
Replies: 13
Views: 1977

Re: STRIPS ladder to buy my retirement home?

Thanks, kramer. I was aware, and property tax is a line item in my projected budget. With no state income tax, Texas has to pay the bills somehow. (If I rented, property tax would be rolled into the rent.)
by Whiggish Boffin
Wed Apr 12, 2017 11:09 pm
Forum: Investing - Help with Personal Investments
Topic: STRIPS ladder to buy my retirement home?
Replies: 13
Views: 1977

Re: STRIPS ladder to buy my retirement home?

Thanks, everyone, for your replies! You have been clarifying and helpful. (When #Cruncher drops by to explain bond ladders, I feel kinda like James Clerk Maxwell dropped by to help with my algebra homework.) I'm trying to liability-match my essential retirement expenses. I want a guarantee that (unl...
by Whiggish Boffin
Tue Apr 11, 2017 9:09 pm
Forum: Investing - Help with Personal Investments
Topic: STRIPS ladder to buy my retirement home?
Replies: 13
Views: 1977

STRIPS ladder to buy my retirement home?

Should I buy a Treasury STRIPS ladder in my tIRA to fund the mortgage on my retirement home? I retired last month at age 65. My barely 2-comma nest egg is 90% in a tIRA. I want to sell my 1-bed condo in the DC area and buy a 3-bed house in the Austin/Round Rock, TX area. Zillow and Redfin tell me th...
by Whiggish Boffin
Tue Apr 11, 2017 2:16 pm
Forum: Investing - Theory, News & General
Topic: Vanguard leaves crumbs for active fund managers
Replies: 26
Views: 4641

Re: Vanguard leaves crumbs for active fund managers

At the last Bogleheads conference, Jack Bogle talked about problems of Vanguard's size and growth rate. He said that Vanguard owns about 6% of every US corporation. The Investment Company Act of 1940 (subject of Jack's 1951 Princeton senior thesis) forbids a fund from owning more than 10% of any cor...
by Whiggish Boffin
Wed Mar 22, 2017 7:44 pm
Forum: Investing - Theory, News & General
Topic: The $1,124,176 Car.
Replies: 99
Views: 11838

Re: The $1,124.176 Car.

My brothers and I could go to college, largely because my father bought sensible used cars until we were done.
by Whiggish Boffin
Tue Mar 07, 2017 1:42 am
Forum: Personal Finance (Not Investing)
Topic: Steps to take now before family member's imminent death
Replies: 24
Views: 4014

Re: Steps to take now before family member's imminent death

Make sure you can get to the will and other documents. My father's' will made me his executor. I was also his legal power of attorney. His will was in his safe-deposit box. While he was alive, I could have gotten the will, but I didn't. When he died, I couldn't get into the box any more. I couldn't ...
by Whiggish Boffin
Fri Mar 03, 2017 12:36 am
Forum: Investing - Theory, News & General
Topic: claim: stock/bond allocation should be independent of investment horizon
Replies: 58
Views: 6200

Re: claim: stock/bond allocation should be independent of investment horizon

Paul Samuelson showed in 1979 that stocks don't have less risk as you hold them a long time. You might want to skim, but be sure to read the end:
Why We Should Not Make Mean Log Of Wealth Big Though Years To Act Are Long
by Whiggish Boffin
Thu Feb 23, 2017 10:35 pm
Forum: Local Chapters and Bogleheads Community
Topic: Roll Call for the Retirement Class of 2017!
Replies: 315
Views: 55485

Re: Roll Call for the Retirement Class of 2017!

On April Fools' Day i will become a gentleman of leisure. I gave notice today. -Will do good- and -cinghiale- : At the DC Area Diehards meeting last September, Victoria said she is happy to pass this baton. These days, I gather she's more interested in getting people to walk the Camino de Santiago .
by Whiggish Boffin
Sat Feb 11, 2017 11:27 am
Forum: Investing - Theory, News & General
Topic: 'Won the game', but what factors could potentially derail it?
Replies: 57
Views: 5614

Re: 'Won the game', but what factors could potentially derail it?

If the US implements a national sales tax or Value-Added Tax (VAT), you'd be taxed on your spending, not your income. The Roth IRA wouldn't protect you from that tax.
by Whiggish Boffin
Thu Jan 12, 2017 3:03 pm
Forum: Personal Finance (Not Investing)
Topic: Where do you keep your emergency fund?
Replies: 93
Views: 10791

Re: Where do you keep your emergency fund?

A few days' living expenses in the cookie jar. 10 weeks in a negligible-interest savings account at my local bank (walking distance from home). 28 weeks in paper-certificate Series I savings bonds in the safe-deposit box. 20 weeks in electronic-format Series I savings bonds at TreasuryDirect. I like...
by Whiggish Boffin
Sat Jan 07, 2017 12:58 am
Forum: Investing - Theory, News & General
Topic: Bogle worried Vanguard is getting too big
Replies: 68
Views: 14669

Re: Bogle worried Vanguard is getting too big

In this interview , in Money Magazine on 27 July 2015, Jack Bogle said: Q: One critic of indexing, money manager David Winters, says that because index funds own a stock no matter what, corporate boards have no incentive to rein in executive pay. A: He just doesn’t know what he’s talking about. Ther...
by Whiggish Boffin
Wed Jan 04, 2017 10:54 pm
Forum: Investing - Theory, News & General
Topic: Bogle worried Vanguard is getting too big
Replies: 68
Views: 14669

Re: Bogle worried Vanguard is getting too big

At last October's Bogleheads conference, Bogle gave one hard limit on Vanguard's size. By the Investment Company Act of 1940, a mutual fund can't own more than 10% of any corporation. Vanguard owns about 6% of every corporation now. So, could Vanguard close Total Stock Market to new investors, and o...
by Whiggish Boffin
Mon Dec 26, 2016 12:29 pm
Forum: Investing - Help with Personal Investments
Topic: SPIA?
Replies: 5
Views: 965

Re: SPIA?

Bobcat2 has studied annuity pricing pretty intensely. In this post , he gives an approximate formula for the payout of a constant-dollar SPIA (with no inflation adjustment) as: payout = 1/remaining-life-expectancy + (10-year-Treasure-rate)/2 I haven't seen a formula for payout of an inflation-adjust...
by Whiggish Boffin
Tue Dec 20, 2016 10:06 pm
Forum: Investing - Theory, News & General
Topic: Some novice questions
Replies: 6
Views: 892

Answer to novice question 1) on backdoor Roths

For a step-by-step guide to backdoor Roth conversions, Boglehead contributor tfb (The Finance Buff) has you covered:
Backdoor Roth: A Complete How-To
by Whiggish Boffin
Wed Nov 23, 2016 12:37 pm
Forum: Investing - Theory, News & General
Topic: TIPS - Did you give up?
Replies: 476
Views: 75345

Re: TIPS - Did you give up?

I bought some nice 2028 30-year TIPS last week. They are for the liability-matched part of my portfolio. Its purpose is to support me in Genteel Poverty to the end of my days, at the least possible risk. Its components are: 1) the big-rung TIPS ladder, to spend before taking Social Security; 2) Soci...
by Whiggish Boffin
Mon Aug 29, 2016 1:31 am
Forum: Investing - Theory, News & General
Topic: Rich Dad/Poor Dad Assets
Replies: 57
Views: 8970

Re: Rich Dad/Poor Dad dissected by John T. Reed

John T. Reed is a real-estate investor and educator, who kept getting questions about Kiyosaki. He researched Kiyosaki and wrote the brutal dissection found here: John T. Reed's analysis of Robert T. Kiyosaki's book Rich Dad, Poor Dad, Part 1 John T. Reed's analysis of Robert T. Kiyosaki's book Rich...
by Whiggish Boffin
Tue Jul 26, 2016 3:11 pm
Forum: Personal Finance (Not Investing)
Topic: Seeking wisdom on a career crossroad
Replies: 27
Views: 2872

Re: Seeking wisdom on a career crossroad

Perhaps the job at Company A is a man-killer? Peter Drucker warned about such jobs in The Effective Executive : “[The effective executive is] forever on guard against the ‘impossible’ job, the job that simply is not for normal human beings. Such jobs are common. They usually look exceedingly logical...
by Whiggish Boffin
Wed Jul 13, 2016 9:39 pm
Forum: Investing - Theory, News & General
Topic: Any thoughts on REIT run up so far?
Replies: 14
Views: 2626

Re: Any thoughts on REIT run up so far?

White Coat Investor said: Nice to be rewarded for holding and rebalancing them in 2008 after I lost 78% of my initial investment in the asset class. Hey! I did that, too! Went all-in on a Swensen portfolio in Jan. 2007 (30% US stock, 15% developed int'l stock, 5% emerging int'l stock, 20% REIT, 15% ...
by Whiggish Boffin
Sat Jun 18, 2016 10:05 am
Forum: Investing - Help with Personal Investments
Topic: Debt Free [Investment help for deployed airman]
Replies: 23
Views: 2281

Re: Debt Free

Have you seen the Boglehead wiki page on Military Finanaces ? It's mostly written by EmergDoc ( Dr. Jim Dahle ), who got the Air Force to put him through med school. Yes, the Federal Thrift Savings Plan has the L funds, which are very good target-date funds. Here are the Federal webpage: https://www...