Do you feel using an IT fund instead of bnd in an 80-20 portfolio significantly impacts your risk?cosmos wrote: ↑Tue Mar 26, 2024 11:50 pm McQ this is a great article!
I run a 3 fund portfolio (80% stocks/ 20% bonds) 60/20 domestic/intl stocks split and my bond portion is in the intermediate treasury fund. It occured to me a decade ago that ballast meant safety and I want all my risk on the stocks side with no surprises on the safety/ballast side.
Search found 1757 matches
- Wed Mar 27, 2024 2:24 am
- Forum: Investing - Theory, News & General
- Topic: Can you do better than BND, Part 2: Test across bear and bull markets
- Replies: 28
- Views: 3321
Re: Can you do better than BND, Part 2: Test across bear and bull markets
- Sat Mar 23, 2024 8:21 pm
- Forum: Personal Finance (Not Investing)
- Topic: CitiBank "Simplified Banking" ... not too simplified!
- Replies: 27
- Views: 2184
Re: CitiBank "Simplified Banking" ... not too simplified!
Yes, fortunately we are not stupid enough and unfortunately we are not wealthy enough to store millions of dollars in watches and jewelry in a safety deposit box. Given the number of safety deposit boxes in the US and the number of crimes, I’m comfortable storing some key documents and jewelry when we’re on vacation. Do you have an alternative suggestion? I was a Citibank customer for 35 years before I received my first kyc call. I answered all their questions but my answers generated new questions and the answers to those questions generated even more questions. And then they started fresh the following year and the year after that. Finally I spoke to our relationship manager, she intermediated a round of questions and I never heard anoth...
- Sat Mar 23, 2024 1:01 am
- Forum: Personal Finance (Not Investing)
- Topic: Dedicated Financial Computer Master Thread
- Replies: 205
- Views: 9303
- Fri Mar 22, 2024 11:22 pm
- Forum: Personal Finance (Not Investing)
- Topic: CitiBank "Simplified Banking" ... not too simplified!
- Replies: 27
- Views: 2184
Re: CitiBank "Simplified Banking" ... not too simplified!
We keep enough $ in brokerage etfs to qualify for citigold. It’s a pretty good package, especially if you live in or around nyc and can take advantage of the free citibike membership and the culture pass. Even without those perks, it’s nice to have the subscription rebate and a personal banker. Best, As I just put enough for the Priority status (not gold yet), I wonder what your personal banker does for you ? I definitely do not want anyone managing my account for me, so please what else have or could they do for you ? Very little, they don’t manage my account but they were able to facilitate citigold status for my family members, ran interference on compliance when I complained about a never ending series of kyc calls, and I believe they ...
- Fri Mar 22, 2024 2:20 am
- Forum: Personal Finance (Not Investing)
- Topic: CitiBank "Simplified Banking" ... not too simplified!
- Replies: 27
- Views: 2184
Re: CitiBank "Simplified Banking" ... not too simplified!
We keep enough $ in brokerage etfs to qualify for citigold. It’s a pretty good package, especially if you live in or around nyc and can take advantage of the free citibike membership and the culture pass. Even without those perks, it’s nice to have the subscription rebate and a personal banker. Best, As I just put enough for the Priority status (not gold yet), I wonder what your personal banker does for you ? I definitely do not want anyone managing my account for me, so what else have or could they do for you ? Very little, they don’t manage my account but they were able to facilitate citigold status for my family members, ran interference on compliance when I complained about a never ending series of kyc calls, and I believe they helped ...
- Thu Mar 21, 2024 11:44 pm
- Forum: Personal Finance (Not Investing)
- Topic: CitiBank "Simplified Banking" ... not too simplified!
- Replies: 27
- Views: 2184
Re: CitiBank "Simplified Banking" ... not too simplified!
We keep enough $ in brokerage etfs to qualify for citigold. It’s a pretty good package, especially if you live in or around nyc and can take advantage of the free citibike membership and the culture pass. Even without those perks, it’s nice to have the subscription rebate and a personal banker.
Best,
Best,
- Thu Mar 21, 2024 11:37 pm
- Forum: Personal Finance (Not Investing)
- Topic: At what age to tell child about family's finances
- Replies: 74
- Views: 6098
Re: At what age to tell child about family's finances
We have a letter stored in an online vault, the letter has links to various documents and contact info for our lawyer and accountant. Our kids know how to request access to the vault should we both pass away.
Other than that, I’m not sure what’s to be gained by sharing financial information. Do you have a specific concern?
- Thu Mar 21, 2024 11:32 pm
- Forum: Personal Finance (Not Investing)
- Topic: At what age to tell child about family's finances
- Replies: 74
- Views: 6098
Re: At what age to tell child about family's finances
And now we all know.MathWizard wrote: ↑Thu Mar 21, 2024 11:18 pm He knows that we have over a million in financial assets , our own home and no debt.
- Sun Mar 17, 2024 7:05 pm
- Forum: Personal Consumer Issues
- Topic: NYC This Year or Wait? Has it sufficiently recovered from Covid?
- Replies: 54
- Views: 4713
Re: NYC This Year or Wait? Has it sufficiently recovered from Covid?
Why don’t you tell us what you’d like to do while in nyc. Certainly the museums, restaurants and theater are back to full swing.
- Thu Mar 14, 2024 8:29 pm
- Forum: Personal Investments
- Topic: should I include portfolio income when calculating portfolio spend down?
- Replies: 3
- Views: 410
should I include portfolio income when calculating portfolio spend down?
hi,
- we are retired
- last year our classic three-fund portfolio threw off $80k in interest and dividends
- In 2.5 years we'll start collecting $70k of ss income
- our spend is $180k/year
do people use interest and dividend income when calculating residual living expenses?
$180k-($70k+$80k) = $30k/year needed from portfolio once ss starts
and to calculate years of expenses:
portfolio amount/$30k
or are dividends usually excluded from the formula:
$180k-$70k = $110k/year needed from portfolio once ss starts
and to calculate years of expenses:
portfolio amount/$110k
thanks,
- we are retired
- last year our classic three-fund portfolio threw off $80k in interest and dividends
- In 2.5 years we'll start collecting $70k of ss income
- our spend is $180k/year
do people use interest and dividend income when calculating residual living expenses?
$180k-($70k+$80k) = $30k/year needed from portfolio once ss starts
and to calculate years of expenses:
portfolio amount/$30k
or are dividends usually excluded from the formula:
$180k-$70k = $110k/year needed from portfolio once ss starts
and to calculate years of expenses:
portfolio amount/$110k
thanks,
- Thu Mar 14, 2024 2:34 pm
- Forum: Personal Consumer Issues
- Topic: Who's up for pickleball? Zero-zero-two. Game On!
- Replies: 377
- Views: 89807
Re: Who's up for pickleball? Zero-zero-two. Game On!
I would say Yes. Here are the official ratings: Definitions of Player Skill Ratings - USA Pickleball It's not just physical ability, but understanding strategy and tactics. You need to play for a while to get accustomed to what those descriptions mean. Interesting... Those descriptions are way off compared to the skill level at my club. All the 3.0s at my place appear to be 3.5s or even 4.0s based on that (we all can mostly control depth of return, and have a drop shot, and are decent at dinking, and you definitely don't want to pop it up too high and give any of us an overhand slam opportunity) Very weird that those descriptions act like it's hard to return a serve. Like 3.0s aren't even consistent at hitting the very first return. (???) ...
- Mon Mar 11, 2024 11:26 pm
- Forum: Investing - Theory, News & General
- Topic: William Bernstein On the Financial Industry
- Replies: 81
- Views: 10122
Re: William Bernstein On the Financial Industry
"People do not seek employment in investment banks, brokerage houses, and mutual fund companies with the same motivations as those who choose to work in fire departments or elementary schools. Whether investors know it or not, they are engaged in an ongoing zero-sum, life-and-death struggle with piranhas, and if rigorous precautions are not taken, the financial services industry will strip investors of their wealth faster than they can say 'Bernie Madoff'". -- William Bernstein Actionable information: Use index funds only and keep costs low. Avoid the piranhas. I'm guessing Dr Bernstein never worked at an investment bank, brokerage house, or mutual fund. The reality is that the majority of people working in these institutions wor...
- Sun Mar 10, 2024 8:45 pm
- Forum: Investing - Theory, News & General
- Topic: William Bernstein On the Financial Industry
- Replies: 81
- Views: 10122
Re: William Bernstein On the Financial Industry
"People do not seek employment in investment banks, brokerage houses, and mutual fund companies with the same motivations as those who choose to work in fire departments or elementary schools. Whether investors know it or not, they are engaged in an ongoing zero-sum, life-and-death struggle with piranhas, and if rigorous precautions are not taken, the financial services industry will strip investors of their wealth faster than they can say 'Bernie Madoff'". -- William Bernstein Actionable information: Use index funds only and keep costs low. Avoid the piranhas. I'm guessing Dr Bernstein never worked at an investment bank, brokerage house, or mutual fund. The reality is that the majority of people working in these institutions wor...
- Fri Mar 08, 2024 6:15 pm
- Forum: Personal Investments
- Topic: Checkup: I'm way behind. Hope for late bloomers?
- Replies: 42
- Views: 5509
Re: Checkup: I'm way behind. Hope for late bloomers?
here's a link to the wiki on traditional vs roth:
https://www.bogleheads.org/wiki/Traditional_versus_Roth
as for being a late bloomer, you're doing well, no credit card debt, a low-interest rate mortgage, high savings rate. Just keep at it and you'll be fine! do you have term life insurance?
https://www.bogleheads.org/wiki/Traditional_versus_Roth
as for being a late bloomer, you're doing well, no credit card debt, a low-interest rate mortgage, high savings rate. Just keep at it and you'll be fine! do you have term life insurance?
- Fri Mar 08, 2024 5:55 pm
- Forum: Investing - Theory, News & General
- Topic: "When" do you sell equities during Retirement?
- Replies: 29
- Views: 4519
Re: "When" do you sell equities during Retirement?
our fellow forum members may be assuming you have a certain level of knowledge. Here's a practical example: - our target asset allocation (this is what people mean when they write AA) is 40% equities and 60% fixed income. I've chosen this allocation based on our age and my ability to sleep at night if markets should recede. So generally, you need to choose your target asset allocation. A decent starting point for asset allocation is your age in bonds but really, it depends on your age, income, expenses, portfolio size, and risk appetite. Most people fall into the 40-60 to 60-40 range though early career earners should probably be closer to 100% equties. - we have 10% rebalance bands, so if our actual asset allocation moves outside these ban...
- Thu Mar 07, 2024 11:14 am
- Forum: Personal Investments
- Topic: Career ending, getting fired. Can we FIRE ?
- Replies: 161
- Views: 26615
Re: Career ending, getting fired. Can we FIRE ?
>>his social security : have not run the numbers, but not likely to be much as he has worked fewer years than I have at low wages. He should be able to claim on your record. Give opensocialsecurity.com a try to understand amount. Thanks. I will look at it. It seems like qualifying for ssdi will help quite a bit, I’d try to prioritize understanding and getting through this process. My sil’s work disability insurance helped her through it, not sure if that’s a possibility for you. Yes, SSDI would help a fair bit. I have done a lot of reading about it. As far as my group disability insurance company, once I apply for LTD I believe they will ask me to also apply for SSDI, because the benefits are offset by government benefits. From what I have...
- Thu Mar 07, 2024 4:20 am
- Forum: Personal Investments
- Topic: Career ending, getting fired. Can we FIRE ?
- Replies: 161
- Views: 26615
Re: Career ending, getting fired. Can we FIRE ?
>>his social security : have not run the numbers, but not likely to be much as he has worked fewer years than I have at low wages.
He should be able to claim on your record. Give opensocialsecurity.com a try to understand amount.
It seems like qualifying for ssdi will help quite a bit, I’d try to prioritize understanding and getting through this process. My sil’s work disability insurance helped her through it, not sure if that’s a possibility for you.
Best,
He should be able to claim on your record. Give opensocialsecurity.com a try to understand amount.
It seems like qualifying for ssdi will help quite a bit, I’d try to prioritize understanding and getting through this process. My sil’s work disability insurance helped her through it, not sure if that’s a possibility for you.
Best,
- Wed Mar 06, 2024 11:12 am
- Forum: Personal Consumer Issues
- Topic: AARP/UHC Medigap policies
- Replies: 40
- Views: 3331
Re: AARP/UHC Medigap policies
We are in ny and plan g hi has been a no-lose proposition because after meeting the deductible, our costs are still lower than plan g. Might be worth checking the math out for your situation.
Additionally, last year I didn’t come close to meeting my deductible so saved quite a bit of money over plan g. I use the lowest cost plan g hi deductible provider which for us is emblem, they’ve been great and my costs haven’t risen much (maybe $10) in 2 years.
Additionally, last year I didn’t come close to meeting my deductible so saved quite a bit of money over plan g. I use the lowest cost plan g hi deductible provider which for us is emblem, they’ve been great and my costs haven’t risen much (maybe $10) in 2 years.
- Wed Mar 06, 2024 10:23 am
- Forum: Personal Investments
- Topic: Are factors dead?
- Replies: 84
- Views: 10981
Re: Are factors dead?
yeah, I laughed when I read that.ScubaHogg wrote: ↑Wed Mar 06, 2024 10:04 amThis is a bit of a tautology. “Market risk is a factor” only under the definitions created by factor folksTimeIsYourFriend wrote: ↑Tue Mar 05, 2024 5:59 pm Market risk is a factor so if factors are dead, then stocks don’t have a premium over risk-free assets like t-bills.
- Wed Mar 06, 2024 10:19 am
- Forum: Personal Investments
- Topic: Are factors dead?
- Replies: 84
- Views: 10981
Re: Are factors dead?
Stock factors are intended to be like duration and credit risk of bonds. The market applies a discount rate to bonds just like is does to stocks. Otherwise, why would anyone buy corporates if they did not have a pricing discount relative to treasuries? Rating agencies rate both sovereign and corporate bonds. Investopedia puts it as: "Rating agencies examine financial variables to determine the creditworthiness of a company. Financial statements, cash flow analysis, debt ratios, profitability measurements, and liquidity measures are a few examples of these indicators." I can tilt my portfolio towards less risky bonds (treasuries, investment grade bonds) or if I want to take on more risk for potentially more reward I can tilt to ju...
- Sun Mar 03, 2024 2:15 pm
- Forum: Personal Consumer Issues
- Topic: security issues in providing docs to tax preparer
- Replies: 13
- Views: 1562
security issues in providing docs to tax preparer
I've been sharing a google drive folder with my tax preparer and she downloads my tax docs to her pc, I revoke her access to the google drive folder and I leave the files on google drive for retention purposes. The files include an excel spreadsheet that contains an inventory of my tax docs with links to each doc. She deletes the docs on her computer once the return is prepared (at least that's what she tells me!) this year I purchased a new computer and no longer have or want excel (or openoffice) so I'm using a google sheet instead of excel. The link in my inventory google sheet refers to a file in my google drive folder rather than a local file so I'll need to provide access to my google folder while she works on my return, probably 2-3 ...
- Sat Mar 02, 2024 8:13 pm
- Forum: Personal Consumer Issues
- Topic: Pinot Noir on the lower end?
- Replies: 96
- Views: 10436
Re: Pinot Noir on the lower end?
We used to run a wine web site and know a fair bit about wine, suggest you give Jean Paul Brun’s gamays a try.
- Sat Mar 02, 2024 11:06 am
- Forum: Investing - Theory, News & General
- Topic: Are We in a Stock Market Bubble? (Ray Dalio)
- Replies: 132
- Views: 15785
Re: Are We in a Stock Market Bubble? (Ray Dalio)
Please apply a heavy dose of critical thinking to anything Ray Dalio says before you incorporate into your knowledge base. He is a shameless self promoter and he is one of the best in the world at it. Bridgewater has a cultish culture. His economic model is made up by him and is not credible. Ray Dalio is a complete fraud. Read “The Fund,” it’s worse than you could possibly imagine. You should think critically about anything anyone says pertaining to markets. However, ad hominem is not critical thinking. He could run a UFO cult for all it matters – your job is still to work out whether his position makes sense. Sorry, but no, my job is not to work out whether his position makes sense, my job is to ignore his position because it’s been prov...
- Sat Mar 02, 2024 2:22 am
- Forum: Investing - Theory, News & General
- Topic: Are We in a Stock Market Bubble? (Ray Dalio)
- Replies: 132
- Views: 15785
Re: Are We in a Stock Market Bubble? (Ray Dalio)
Please apply a heavy dose of critical thinking to anything Ray Dalio says before you incorporate into your knowledge base. He is a shameless self promoter and he is one of the best in the world at it. Bridgewater has a cultish culture. His economic model is made up by him and is not credible. Ray Dalio is a complete fraud. Read “The Fund,” it’s worse than you could possibly imagine. You should think critically about anything anyone says pertaining to markets. However, ad hominem is not critical thinking. He could run a UFO cult for all it matters – your job is still to work out whether his position makes sense. Sorry, but no, my job is not to work out whether his position makes sense, my job is to ignore his position because it’s been prov...
- Fri Mar 01, 2024 2:23 pm
- Forum: Personal Investments
- Topic: PlanVision vs Maxifii/NewRetirement/ProjectionLab
- Replies: 30
- Views: 2517
Re: PlanVision vs Maxifii/NewRetirement/ProjectionLab
As a planvision customer, so far, they’ve done all the Roth conversion modeling using emoney, not sure I have access to the modeling platform.
- Thu Feb 29, 2024 2:48 am
- Forum: Personal Investments
- Topic: How Can I Fix This Mess? - Investment Advice
- Replies: 15
- Views: 2466
Re: How Can I Fix This Mess? - Investment Advice
I’m guessing you’re in good shape but not entirely sure how my fellow posters determined that without understanding your expenses. Do you have a sense of your expenses including healthcare during retirement?
Best,
Best,
- Wed Feb 28, 2024 4:55 pm
- Forum: Personal Finance (Not Investing)
- Topic: Medicare: 64 Year Old Eyeing 2025 Medicare
- Replies: 164
- Views: 11815
Re: Medicare: 64 Year Old Eyeing 2025 Medicare
Traditional Medicare with supplemental plan g hi deductible. In our county, it’s impossible to pay more using the hi deductible plan. As others have said, by law, all providers of plan g hi deductible must provide the same base set of services, so just choose the least expensive provider for plan g hi deductible in your area. It is possible plan g is better for you but I think most people who are not sensitive to price choose traditional with plan g or plan g hi. I shared this recommendation with a friend who is a well educated, well-known doctor and he chose Medicare advantage. His wife recently learned she has cancer and told us he regretted his choice as they can’t choose the facility he’d like for the procedure. Oddly, in the past they ...
- Tue Feb 27, 2024 1:55 pm
- Forum: Personal Investments
- Topic: Feel like I won the "game" at 41---Thoughts on Future Asset Allocation
- Replies: 21
- Views: 3992
Re: Feel like I won the "game" at 41---Thoughts on Future Asset Allocation
I was in fintech and duitfully followed age appropriate asset allocations until mid-40s when I co-founded a startup and started making a lot more money. When I hit around 25x I decided to change new contributions to cds/treasuries and tips until we were 25x in safe/liquid investments with the idea that come what may in markets or our business, we were set. Once I hit 25x in those instruments, every subsequent contribution went to vanguards total market etf. I will say college for 3 kids was expensive, maybe $750k, probably around that for your two kids when they are ready. We told our kids they were going to state schools unless they were admitted to demonstrably better schools, but we live in ny, so the bar was lower than if we lived in sa...
- Mon Feb 26, 2024 8:41 pm
- Forum: Investing - Theory, News & General
- Topic: interplay of desired asset allocation and taxes/iirma
- Replies: 12
- Views: 1566
Re: interplay of desired asset allocation and taxes/iirma
The only way I can understand what you are telling us is to conclude that your portfolio is quite large and that you actually spend very little. That makes me wonder how you decided on the 40% stock and 60% bond portfolio - later amended to 50:50 - in the first place. If that is your comfort level or spouse's comfort level, you should probably incur both taxes and IRMAA to maintain it. And frankly, you should be able afford it. If that AA decision was somewhat arbitrary instead of based on your true comfort level, I wonder if you would be better satisfied with a "liability matching" portfolio structure - where you would decide how much you need in cash and bonds to last the rest of your lives, and put the rest of the portfolio in...
- Mon Feb 26, 2024 3:26 pm
- Forum: Investing - Theory, News & General
- Topic: interplay of desired asset allocation and taxes/iirma
- Replies: 12
- Views: 1566
Re: interplay of desired asset allocation and taxes/iirma
My AA is based on my comfort level. Other factors are not really part of the equation. So for me, maintaining my desired AA would take priority over taxes and IRMAA and I would not want to change my AA by much. The same may not be true for you, especially if you have a very large portfolio (sounds like it) and if you are investing for your heirs instead of yourselves. One small thing you could do is stop converting bonds in tax-deferred to stocks in Roth IRA. Yeah, I know Roth IRA is "supposed to be" stocks, but that is making your situation worse, not better. There is something you said that does not make sense though. You apparently are trying to stay in the 12% tax bracket....which is nowhere near the income that triggers IRMA...
- Sun Feb 25, 2024 10:17 pm
- Forum: Investing - Theory, News & General
- Topic: interplay of desired asset allocation and taxes/iirma
- Replies: 12
- Views: 1566
Re: interplay of desired asset allocation and taxes/iirma
I feel like we're a little off track, the reason I asked this question in investing theory rather than personal finance is I'd like to know generally how people prioritize asset allocation vs. tax/iirma costs. For example, I'd guess a fund manager for a target date fund would rebalance despite accordant tax consequences for its shareholders, so perhaps asset allocation should be my priority over tax/iirma (which aligns with your going in proposition). Here's what I have in my Investment Policy Statement: I will pay capital gains tax to rebalance in a taxable account only if a major asset class or subclass would otherwise be off by more than 5% of my total allocation, or a major asset class would be off by more than 25% of its own target al...
- Sun Feb 25, 2024 10:08 pm
- Forum: Investing - Theory, News & General
- Topic: interplay of desired asset allocation and taxes/iirma
- Replies: 12
- Views: 1566
Re: interplay of desired asset allocation and taxes/iirma
I guess I'm headed in the same direction, thanks!stan1 wrote: ↑Sun Feb 25, 2024 6:03 pm I'd generally say these are year to year decisions based on current tax laws (including Roth conversions, tax brackets and thresholds for NIIT and IRMAA).
If you hold cash in taxable with yields going up from 0.01-0.5% in 2020 to over 5% for 2023 that's been a huge impact. If dividends and interest on cash in taxable are part of the cause then you have some ideas on what to do.
- Sun Feb 25, 2024 10:05 pm
- Forum: Investing - Theory, News & General
- Topic: interplay of desired asset allocation and taxes/iirma
- Replies: 12
- Views: 1566
Re: interplay of desired asset allocation and taxes/iirma
There is not enough information to know what your choices are, but a few things come to mind... If you have a tax-deferred account or even a Roth account, rebalance there. If you are reinvesting dividends in the taxable account, stop reinvesting dividends and every few months, buy the asset you have too little of with the dividends. If you are still adding money, rebalance with the new money. If you are taking money out, rebalance with the withdrawals. When you do rebalance, rebalance back into the band instead of all the way back to target. If none of those work, maybe we could look at your portfolio and come up with some other ideas. You may be too tightly married to some portfolio guidelines and preferences that are no longer serving yo...
- Sun Feb 25, 2024 9:58 pm
- Forum: Investing - Theory, News & General
- Topic: interplay of desired asset allocation and taxes/iirma
- Replies: 12
- Views: 1566
Re: interplay of desired asset allocation and taxes/iirma
If you are planning to sell the stock eventually, capital-gains taxes should not be a significant concern, since you are selling stock now that you are intended to sell soon and the tax will be due anyway. If you expect to leave it to your heirs, selling now is a significant tax cost. However, if you have a significant amount of stock that you intend to leave to your heirs, you may want to re-evaluate your asset allocation. The money you are investing for your retirement should be invested according to your risk tolerance. The money you are investing for your children's retirement or your not-yet-born great-granchildren's college can be all in stock. (Similarly, if your grandchildren are already born, your portfolio already does not count ...
- Sun Feb 25, 2024 9:43 pm
- Forum: Personal Consumer Issues
- Topic: Who's up for pickleball? Zero-zero-two. Game On!
- Replies: 377
- Views: 89807
Re: Who's up for pickleball? Zero-zero-two. Game On!
I played the other day, it was interesting and humbling, I was the strongest person on the court but couldn't figure out how to play with a partner who , despite everyone on the court trying to help her, took three steps onto the court after serving and got jammed up on the return, couldn't run for a short ball but did have a decent forehand. First I went too big and made mistakes, then I went too small and they redirected every ball to her. No way am I going to take balls off her paddle, eventually, I found my sweet spot but we still lost at around 6. after two games, my partner took a bad fall, shaken up she sat for a bit and I played with someone steady, we pickled the same team. One of my friends is probably 4.5 and he'd have controlle...
- Sun Feb 25, 2024 4:25 pm
- Forum: Personal Finance (Not Investing)
- Topic: How do people go bankrupt?
- Replies: 39
- Views: 3231
Re: How do people go bankrupt?
my brother declared bankruptcy. His wife was a cpa and handled all their finances. One day he came home early, picked up the mail, and saw a letter from their bank. He opened it up to find he was in foreclosure. Over the next week or so he learned his wife was addicted to prescription drugs and had been using their combined six-figure income, mid-six figures retirement savings, and their college fund to finance her drug habit.
yes, seems like he should have picked up on it earlier and yes, he should have been more involved with family finances. Luckily it happened when he was young and he had time to recover mentally and financially. He's happily married to someone else and is enjoying a great retirement.
best,
yes, seems like he should have picked up on it earlier and yes, he should have been more involved with family finances. Luckily it happened when he was young and he had time to recover mentally and financially. He's happily married to someone else and is enjoying a great retirement.
best,
- Sun Feb 25, 2024 11:41 am
- Forum: Investing - Theory, News & General
- Topic: interplay of desired asset allocation and taxes/iirma
- Replies: 12
- Views: 1566
interplay of desired asset allocation and taxes/iirma
our desired asset allocation is 40-60 eq to fi with a 10 percent rebalance band, our allocation drifted to 53% so we decided to adjust our asset allocation. Moving back to 40-60 costs $2400 in iirma premiums and puts us in the highest tax bracket, so after some consideration, we moved to 50-50 which allows us to remain in the same iirma bracket but we'll have to skip a roth conversion this year since I don't think there's much of a point beyond the 12% bracket. with the recent market run, we're back at 53%, another 3% sale of equities will cost $1200 in iirma premium and increase our tax bracket. So how do people make decisions on following their ips asset allocation, which allows one to buy low and sell high vs the accordant cost of taxes/...
- Sun Feb 25, 2024 11:19 am
- Forum: Personal Consumer Issues
- Topic: Who's up for pickleball? Zero-zero-two. Game On!
- Replies: 377
- Views: 89807
Re: Who's up for pickleball? Zero-zero-two. Game On!
I played the other day, it was interesting and humbling, I was the strongest person on the court but couldn't figure out how to play with a partner who , despite everyone on the court trying to help her, took three steps onto the court after serving and got jammed up on the return, couldn't run for a short ball but did have a decent forehand. First I went too big and made mistakes, then I went too small and they redirected every ball to her. No way am I going to take balls off her paddle, eventually, I found my sweet spot but we still lost at around 6. after two games, my partner took a bad fall, shaken up she sat for a bit and I played with someone steady, we pickled the same team. One of my friends is probably 4.5 and he'd have controlled...
- Thu Feb 22, 2024 3:47 pm
- Forum: Personal Consumer Issues
- Topic: Who's up for pickleball? Zero-zero-two. Game On!
- Replies: 377
- Views: 89807
Re: Who's up for pickleball? Zero-zero-two. Game On!
One area which limits my ability to improve is that I constantly return shots that are going out of bounds. If I can reach for it, I'll return the shot. Every time. The more experienced players tell me not to do that. They're right, because the play continues and we'll lose the point. So, exercise control and don't hit the ball when you know it's going out. Part of your teammates job is to help with that! If you are tracking a fast moving ball, then it's hard to track the line at times. The partner should yell "bounce it" if there is a question. That's telling you the ball might not stay in .. then again it might .. so don't give up on the play but let it bounce. This is true of serves as well. A really fast topspin serve landing...
- Thu Feb 22, 2024 3:43 pm
- Forum: Personal Consumer Issues
- Topic: Who's up for pickleball? Zero-zero-two. Game On!
- Replies: 377
- Views: 89807
Re: Who's up for pickleball? Zero-zero-two. Game On!
One area which limits my ability to improve is that I constantly return shots that are going out of bounds. If I can reach for it, I'll return the shot. Every time. The more experienced players tell me not to do that. They're right, because the play continues and we'll lose the point. So, exercise control and don't hit the ball when you know it's going out. This is just a function of time on the court. Typically a ball that is struck hard and above my chest is going out, though one does have to account for topspin. If you can get a friend to drill with you and have them hit balls going in and out, you’ll probably fix this in a session or two. When you drill, it might help to say in or out after they strike the ball. Anyhow, that’s how I us...
- Thu Feb 22, 2024 2:24 pm
- Forum: Personal Finance (Not Investing)
- Topic: High Salary (>$500,000) careers
- Replies: 244
- Views: 29136
Re: High Salary (>$500,000) careers
- I had an offer to work at 10-person hedge fund as their cio, I messed up the opportunity (as my wife is fond of reminding me), total comp $600k.
- various roles in fintech (cto of equities for of an investment bank, chief architect for a large asset mgr)
more generally, if one understands buy/sell side business processes, the technology value chain that supports those business processes and are a strong technologist > $500k is achievable.
- various roles in fintech (cto of equities for of an investment bank, chief architect for a large asset mgr)
more generally, if one understands buy/sell side business processes, the technology value chain that supports those business processes and are a strong technologist > $500k is achievable.
- Thu Feb 22, 2024 1:49 pm
- Forum: Personal Consumer Issues
- Topic: Who's up for pickleball? Zero-zero-two. Game On!
- Replies: 377
- Views: 89807
Re: Who's up for pickleball? Zero-zero-two. Game On!
I’m convinced there’s a phenomenon in pickleball where some people have this idea you’re supposed to play a certain way and when you don’t they get irritated. This seems especially true when PB players who have never played tennis encounter former tennis players. I suspect that what you refer to as a "certain way" is a strategy that thousands of coaches teach. Winning in pickleball means getting your team to the net as quickly as possible. Here's what in my experience irritates experienced players and why they don't want to play in open recreational play: 1. For the receiving team, not getting to the NVZ line quickly after the second shot (return of serve). You want your opponents to be looking at two people right at the net when...
- Wed Feb 21, 2024 8:12 pm
- Forum: Personal Consumer Issues
- Topic: Who's up for pickleball? Zero-zero-two. Game On!
- Replies: 377
- Views: 89807
Re: Who's up for pickleball? Zero-zero-two. Game On!
Played for 1st time indoors yesterday with 5 women and one other guy. It was supposed to be a 3.5-4.0 game but 4 of the women were around 3.25, the other two people were 3.5 and I’m around a 4.0 Typically when I play I’m not thinking about who’s a man and who’s a woman, I’m going to take the best shot available. In the first two games, recognizing my opponents weren’t that strong, I lobbed my serves and returns but hit a bunch of balls at people’s feet. In the 3rd game other guy said “stop hitting popups at the women’s feet, hit to me, I can handle it”. It was such a strange request I asked him to repeat it, said ok, hit the next ball at his feet and sure enough he half-volleyed the ball over our heads for a winner. But that was the last ba...
- Tue Feb 20, 2024 2:37 pm
- Forum: Personal Investments
- Topic: Sanity Check After 6 Years Away
- Replies: 59
- Views: 5242
Re: Sanity Check After 6 Years Away
529s - compound $100k while adding $200/month with a 5% return and it works out to $255k in 15 years which seems to be about your target. pas - yes, you've done an awesome job at accumulating wealth for your age. Honestly, my suggestion of pas/fee-only advisor had as much to do with the close-ended fund investment as your asset allocation, which most people would find too aggressive. I'm going to assume from your reply that you're probably not going to PAS, we signed on with mark zoril, search the forum for his name, inexpensive and geared for someone who likes to diy. life insurance - if you were hit by a bus today your wife's spend > after tax comp by $50-$100k, no additional savings for retirement/college, etc. I'd want to get her to re...
- Tue Feb 20, 2024 11:51 am
- Forum: Personal Investments
- Topic: Sanity Check After 6 Years Away
- Replies: 59
- Views: 5242
Re: Sanity Check After 6 Years Away
Here are some thoughts: - I was running about 80-20 equity to fixed income but as my total comp approached 7 figures, I decided to allocate every new dollar of savings towards cds (treasuries and tips were paying nothing at the time) until I hit $4mm in cds. At that point, I started to fund my equity position again. The thinking was with $4mm in cds and about 75% of college funded for 3 kids, come what may in the market, we’d be fine. - given your 529s should at least double by the time your kids go to college, going forward I’d suggest just contributing enough to capture the state tax deduction. - I have a smart friend, not just valedictorian smart but mit/top 10 finance mba/fortune 50 cxo smart. Additionally a family member of his is an ...
- Tue Feb 20, 2024 1:06 am
- Forum: Personal Investments
- Topic: Sanity Check After 6 Years Away
- Replies: 59
- Views: 5242
Re: Sanity Check After 6 Years Away
Here are some thoughts: - I was running about 80-20 equity to fixed income but as my total comp approached 7 figures, I decided to allocate every new dollar of savings towards cds (treasuries and tips were paying nothing at the time) until I hit $4mm in cds. At that point, I started to fund my equity position again. The thinking was with $4mm in cds and about 75% of college funded for 3 kids, come what may in the market, we’d be fine. - given your 529s should at least double by the time your kids go to college, going forward I’d suggest just contributing enough to capture the state tax deduction. - I have a smart friend, not just valedictorian smart but mit/top 10 finance mba/fortune 50 cxo smart. Additionally a family member of his is an E...
- Mon Feb 19, 2024 11:05 am
- Forum: Personal Finance (Not Investing)
- Topic: Roth Conversion in NY
- Replies: 24
- Views: 2049
Re: Roth Conversion in NY
Worth reading this thread on mcq’s Roth study:
viewtopic.php?t=351540
We live in ny and use a fee only advisor, he used modeling software to look at the interplay of aca, Medicare irma, ss and taxes, it was very helpful.
Best,
viewtopic.php?t=351540
We live in ny and use a fee only advisor, he used modeling software to look at the interplay of aca, Medicare irma, ss and taxes, it was very helpful.
Best,
- Sat Feb 17, 2024 9:14 pm
- Forum: Personal Investments
- Topic: Vanguard Wellesley
- Replies: 125
- Views: 18644
Re: Vanguard Wellesley
How does everyone feel about this fund now? It has been slow to rebound from disastrous 2022. Has a great track record but wondering if this is a good hold fund for a 62 year old. People are being tough on you because this forum tries to turn typical investor behavior on its head. Most investors see a security with a sharp price price increase and say "Ooh, I have to buy that!" and conversely, when the security suffers a sharp price decrease, they say "Oh no, have to sell that!". So most people end up buying high and selling low. here on Bogleheads, we think in terms of asset allocation: how much of our portfolio do we want to allocate to equities and how much to fixed income? For someone who is 62, a common asset alloc...
- Sat Feb 17, 2024 2:27 pm
- Forum: Personal Finance (Not Investing)
- Topic: Job title advice
- Replies: 31
- Views: 3159
Re: Job title advice
I've held these titles, perhaps one may work for you:
- technical director
- senior technical director
- chief architect
- cto
best,
- technical director
- senior technical director
- chief architect
- cto
best,
- Sat Feb 17, 2024 2:03 pm
- Forum: Personal Consumer Issues
- Topic: Job title for PhD Economist Daughter
- Replies: 36
- Views: 4021
Re: Job title for PhD Economist Daughter
I co-founded a company where people could pick their own titles and title picking was fascinating. I suggest she facilitates a promotion for everyone and chooses the title of senior director. Hopefully, they’ll soon hire someone who chooses the executive director title, a nice win for your daughter as she’ll be able to change her title. This nonsense went on and on at our company until someone chose the title of global, senior executive director. I chose not to have title. I wish I'd been at your company; I've coveted the title "First Sea Lord" since hearing it (effectively the UK Secretary of the Navy), though neither my work nor my hobbies have involved naval affairs. :D it would have been yours as long as you could explain it ...