Search found 538 matches

by EddyB
Tue Oct 16, 2018 8:45 pm
Forum: Investing - Theory, News & General
Topic: "Safe" Withdrawal Rate for Early Retirees (or any retiree)
Replies: 187
Views: 14164

Re: "Safe" Withdrawal Rate for Early Retirees (or any retiree)

... I mean, if you can't put faith on any historical data, then it seems odd to say 3% for ER is "groupthink", but 2% you are comfortable with. Discarding historical data, then you are left to imagining dire scenarios, which I understand. But, is your imagination so limited that you can only conjur...
by EddyB
Tue Oct 16, 2018 7:22 pm
Forum: Investing - Theory, News & General
Topic: "Why Jack Bogle Doesn't Own Non-U.S. Stocks"
Replies: 156
Views: 7440

Re: "Why Jack Bogle Doesn't Own Non-U.S. Stocks"

In conclusion, if you folks are content with following the herd about international investing without doing any investigation, then by all mean. Better you than me. What does the herd do? My impression is that U.S. investors overall are heavily tilted toward the U.S. in their equity investing, but ...
by EddyB
Fri Oct 12, 2018 9:40 pm
Forum: Personal Consumer Issues
Topic: Anyone here major in Economics in college?
Replies: 68
Views: 3810

Re: Anyone here major in Economics in college?

I majored in economics in a selective liberal arts program, with my personal focus on the purely impractical. My entire school emphasized effective, persuasive writing, and I found that to be a great complement to the analytical aspect of the economics program. I then went to a top law school, where...
by EddyB
Tue Oct 09, 2018 11:34 pm
Forum: Personal Finance (Not Investing)
Topic: You're in the Top 1% if you have $2.5 million
Replies: 21
Views: 3397

Re: You're in the Top 1% if you have $2.5 million

What is says is that people who are top 1% income earners have average savings of $2.5 million. That’s not to say that having $2.5 million puts one in the top 1% by savings (or at least, by the savings they’re measuring; hard to say whether it’s comprehensive).
by EddyB
Sat Oct 06, 2018 10:10 am
Forum: Investing - Help with Personal Investments
Topic: 45 year old - retirement question
Replies: 10
Views: 1372

Re: 45 year old - retirement question

https://www.thebalance.com/what-is-the- ... 55-2894280

Consider the “rule of 55” regarding accessing a 401(k) if you separate from the employer at or after 55.
by EddyB
Tue Oct 02, 2018 7:13 pm
Forum: Personal Finance (Not Investing)
Topic: Root of Good's cost of raising a child: $3,300 per year
Replies: 163
Views: 5361

Re: Root of Good's cost of raising a child: $3,300 per year

To paraphrase: "we retired early so the rest of you taxpayers are paying for my kids healthcare". I would be embarrassed to openly admit such a thing. Just like MMM types - the rest of society is subsidizing these lazy folk that don't want to work long enough to be self sustaining. Name of the site...
by EddyB
Tue Oct 02, 2018 7:00 pm
Forum: Personal Finance (Not Investing)
Topic: Root of Good's cost of raising a child: $3,300 per year
Replies: 163
Views: 5361

Re: Root of Good's cost of raising a child: $3,300 per year

To paraphrase: "we retired early so the rest of you taxpayers are paying for my kids healthcare". I would be embarrassed to openly admit such a thing. Just like MMM types - the rest of society is subsidizing these lazy folk that don't want to work long enough to be self sustaining. Name of the site...
by EddyB
Tue Oct 02, 2018 6:25 pm
Forum: Personal Finance (Not Investing)
Topic: Root of Good's cost of raising a child: $3,300 per year
Replies: 163
Views: 5361

Re: Root of Good's cost of raising a child: $3,300 per year

To paraphrase: "we retired early so the rest of you taxpayers are paying for my kids healthcare". I would be embarrassed to openly admit such a thing. Just like MMM types - the rest of society is subsidizing these lazy folk that don't want to work long enough to be self sustaining. Name of the site...
by EddyB
Tue Oct 02, 2018 10:38 am
Forum: Personal Finance (Not Investing)
Topic: Root of Good's cost of raising a child: $3,300 per year
Replies: 163
Views: 5361

Re: Root of Good's cost of raising a child: $3,300 per year

Education tends to be a back-end loaded expense. The comparison is 0-17, so the potentially outsized costs of college wouldn’t ordinarily factor in. I also suspect this is a family that will find and take a very affordable path, and not be concerned about whether they can pay sticker price at a pri...
by EddyB
Sat Sep 29, 2018 9:31 am
Forum: Investing - Theory, News & General
Topic: Rich, Broke or Dead: Visualizing probabilities of outcomes in early retirement
Replies: 107
Views: 12069

Re: Rich, Broke or Dead: Visualizing probabilities of outcomes in early retirement

The safe thing for these people to do is to admit uncertainty and overcompensate before retirement by planning to save more and spend less Now, if I can get the kids to buy into that idea I think that would be one less concern on the plate. But it’s easy to turn that into trading one pair of blinde...
by EddyB
Fri Sep 28, 2018 12:01 am
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 620
Views: 75958

Re: How much money do you want to retire?

Peppergrass wrote:
Thu Sep 27, 2018 11:53 pm
I like setting high goals,, it pushes you farther, while if you don't hit it you most likely get pretty dang far
Or it creates catastrophic failure. Or it comes at the expense of other dimensions (or even knowing those other dimensions exist any may merit their own goals).
by EddyB
Tue Sep 25, 2018 10:48 am
Forum: Investing - Help with Personal Investments
Topic: To rent out our house or not
Replies: 25
Views: 1417

Re: To rent out our house or not

Get some numbers together. Insurance: Non-owner occupied is going to increase your rates. Ask your agent how much. Mortgage: If you have an owner occupied residential mortgage, that could be called if the bank finds out it's now a rental. Or find a new mortgage for the rental. Loss of owner occupie...
by EddyB
Sun Sep 23, 2018 9:00 pm
Forum: Investing - Help with Personal Investments
Topic: Im going to die somewhere between Bankruptcy and $20 million
Replies: 46
Views: 9627

Re: Im going to die somewhere between Bankruptcy and $20 million

But if that happens how exactly do you think you could protect yourself? Get a ranch somewhere in the midwest. Buy lots of ammo, canned food, and fuel to run own generator. I grew up being prepared for pretty much that response to SHTF scenarios, and I’m confident that very few US residents could s...
by EddyB
Thu Sep 20, 2018 4:16 pm
Forum: Personal Consumer Issues
Topic: Did you really have something to retire to?
Replies: 133
Views: 11635

Re: Did you really have something to retire to?

I retired specifically to complete a singlehanded sailboat race from San Francisco to Hawaii. That was my entire plan for things to do. Money is not a big issue for us. I spent the last two years after that race getting ready for the next race which I just completed. This kept me busier than a one ...
by EddyB
Sun Sep 16, 2018 3:56 pm
Forum: Personal Finance (Not Investing)
Topic: [Credit freezes and un-freezes are now free]
Replies: 58
Views: 2439

Re: New York Times--NYTimes: Freezing Credit Will Now Be Free. Here’s Why You Should Go for It.

Wouldn't it be great if the news reported the facts instead of the conclusion you're supposed to draw from them? This is a column called "Your Money Adviser". In any case, the only opinion ventured by the author seems to be “[c]hecking your credit report periodically is also wise.” The article does...
by EddyB
Sun Sep 16, 2018 10:12 am
Forum: Personal Finance (Not Investing)
Topic: If you're FI, or close to FI, are still fighting to climb the Corp. Ladder?
Replies: 118
Views: 11447

Re: If you're FI, or close to FI, are still fighting to climb the Corp. Ladder?

Well, I guess it depends on the person and where he works. There is no doubt that holding down a responsible full time job or career will take up a lot of energy. Probably the majority of personal energy ,or close to it, for most people. I agree it will often shape one’s identity. Certainly did for...
by EddyB
Sat Sep 15, 2018 10:41 am
Forum: Personal Finance (Not Investing)
Topic: Vacation house? Need objective third party
Replies: 67
Views: 6090

Re: Vacation house? Need objective third party

Don’t buy houses you can’t get to , inspect/work on, and get back from within a day Also for better or worse, summers have changed drastically for most motivated kids - attending TIP programs, specialized camps, pseudo internships, not lazing around lakes. One malady of many affluent parents, raisi...
by EddyB
Sat Sep 15, 2018 9:07 am
Forum: Personal Finance (Not Investing)
Topic: If you're FI, or close to FI, are still fighting to climb the Corp. Ladder?
Replies: 118
Views: 11447

Re: If you're FI, or close to FI, are still fighting to climb the Corp. Ladder?

The assumption that all people who like/love their jobs don’t have any other interests in their lives is clearly false. For this to be true everyone who enjoys their job/career would have to be a “workaholic”. I had plenty of “outside interests” while working and hardly worked more than 50 hours a ...
by EddyB
Sat Sep 15, 2018 8:53 am
Forum: Personal Finance (Not Investing)
Topic: If you're FI, or close to FI, are still fighting to climb the Corp. Ladder?
Replies: 118
Views: 11447

Re: If you're FI, or close to FI, are still fighting to climb the Corp. Ladder?

Is the goal of life to be spending your days in liesure activities? Have a hobby - cool. Go fishing. OK. But what kind of impact do you want to make on the world? Establishing a leadership role in a company is not purely about climbing the ladder to make more money. Making more money is a fringe be...
by EddyB
Thu Sep 13, 2018 9:32 pm
Forum: Personal Consumer Issues
Topic: What will you do when you find you have more money than expected?
Replies: 91
Views: 9881

Re: What will you do when you find you have more money than expected?

With new and ever improved medical treatments in the pipeline as well as LTC concerns and associated expenses for the well healed costing over 100k annually I suspect few have more money than necessary. Lets be realistic, not fool-hearty . +1 There might be a $1MM shot in the future that could make...
by EddyB
Tue Sep 11, 2018 3:53 pm
Forum: Investing - Theory, News & General
Topic: Why Bull Markets Are Dangerous
Replies: 152
Views: 18792

Re: Why Bull Markets Are Dangerous

One of my "clues" came from another thread on this site. People were really lecturing a commenter who came on this site around 2015 announcing they pulled out of the stock market because of high valuations. More recently, someone reposted the thread and lots of "experts" jumped in to give this lost...
by EddyB
Mon Sep 10, 2018 8:48 pm
Forum: Personal Finance (Not Investing)
Topic: Excessive Emergency Room Charges - Options?
Replies: 207
Views: 12378

Re: Excessive Emergency Room Charges - Options?

Trying to find an ophthalmologist on call for an ER is not that easy. Finding a really good one that is available is even harder. The best ones I know don’t take call. This is no criticism of ophthalmologists. It’s the system. Interesting. So people who have severe eye injuries (an emergency) are j...
by EddyB
Sun Sep 09, 2018 10:10 pm
Forum: Personal Consumer Issues
Topic: Can Sneakers go with Business Casual?
Replies: 172
Views: 8507

Re: Can Sneakers go with Business Casual?

... (Personally I don't care what shoes someone is wearing, I don't see how it's related to competence). People don't know what's going on inside your head, or know your level of competence by seeing you. They will form strong initial judgments on how they see you presenting yourself. You may not g...
by EddyB
Sat Sep 08, 2018 4:10 pm
Forum: Personal Finance (Not Investing)
Topic: Excessive Emergency Room Charges - Options?
Replies: 207
Views: 12378

Re: Excessive Emergency Room Charges - Options?

You don't eat a loaf of bread and then negotiate the price. Pay the bill. And don't go to the ER unless it's an actual emergency. If you walked out at the end of the ER visit without hospitalization or surgery it probably could have been managed in a doctors office. Speaking as a doctor who covers ...
by EddyB
Sat Sep 08, 2018 9:51 am
Forum: Investing - Help with Personal Investments
Topic: Max you should invest in a 529?
Replies: 181
Views: 10154

Re: Max you should invest in a 529?

In any case, this is a personal finance forum. Folks need to assess their probability of not reaching the next level of the pyramid. It gets narrower at the top. It is obvious that most people do not make it to the next level. KlangFool I don’t think anyone’s disputing that, just pointing out that ...
by EddyB
Fri Sep 07, 2018 5:47 pm
Forum: Investing - Help with Personal Investments
Topic: Max you should invest in a 529?
Replies: 181
Views: 10154

Re: Max you should invest in a 529?

Bacchus01, Time for you to provide a counter example. KlangFool Not Bacchus, but this recent article claims peak earnings at an "average" 40 for women and 49 for men. https://www.businessinsider.com/when-you-earn-the-most-owe-the-most-and-accrue-the-most-wealth-2017-12 EddyB, From your quoted artic...
by EddyB
Fri Sep 07, 2018 5:29 pm
Forum: Investing - Help with Personal Investments
Topic: Max you should invest in a 529?
Replies: 181
Views: 10154

Re: Max you should invest in a 529?

Still doesn’t support “most” Bacchus01, Time for you to provide a counter example. KlangFool Not Bacchus, but this recent article claims peak earnings at an "average" 40 for women and 49 for men. https://www.businessinsider.com/when-you-earn-the-most-owe-the-most-and-accrue-the-most-wealth-2017-12 ...
by EddyB
Fri Sep 07, 2018 5:10 pm
Forum: Investing - Help with Personal Investments
Topic: Max you should invest in a 529?
Replies: 181
Views: 10154

Re: Max you should invest in a 529?

Still doesn’t support “most” Bacchus01, Time for you to provide a counter example. KlangFool Not Bacchus, but this recent article claims peak earnings at an "average" 40 for women and 49 for men. https://www.businessinsider.com/when-you-earn-the-most-owe-the-most-and-accrue-the-most-wealth-2017-12
by EddyB
Thu Sep 06, 2018 10:43 pm
Forum: Investing - Help with Personal Investments
Topic: Max you should invest in a 529?
Replies: 181
Views: 10154

Re: Max you should invest in a 529?

A) For most folks that could answer "yes" to that question, their annual savings is high enough that they could "cash flow" the college education when the times come. Hence, they do not need to save for a college education. This advice seems to be ignoring the tax benefit of 529? When you income is...
by EddyB
Thu Aug 30, 2018 10:26 pm
Forum: Investing - Theory, News & General
Topic: "6 Reasons The Rich Should Pay-Off Their Mortgage"
Replies: 192
Views: 35228

Re: "6 Reasons The Rich Should Pay-Off Their Mortgage"

I couldn't agree with you more. In days when it is cold or rains heavily, my family and I can stay warm, have a roof of our own over our heads - the feeling is priceless! I like the idea, but it seems like a fantasy. Isn’t the relevant difference between a mortgage and property taxes just one of de...
by EddyB
Thu Aug 30, 2018 9:24 pm
Forum: Investing - Theory, News & General
Topic: "6 Reasons The Rich Should Pay-Off Their Mortgage"
Replies: 192
Views: 35228

Re: "6 Reasons The Rich Should Pay-Off Their Mortgage"

On the other hand, being debt-free with a roof over your head is psychologically priceless, especially in 2008-like scenarios or worse. I couldn't agree with you more. In days when it is cold or rains heavily, my family and I can stay warm, have a roof of our own over our heads - the feeling is pri...
by EddyB
Thu Aug 30, 2018 12:36 am
Forum: Investing - Theory, News & General
Topic: "6 Reasons The Rich Should Pay-Off Their Mortgage"
Replies: 192
Views: 35228

Re: "6 Reasons The Rich Should Pay-Off Their Mortgage"

On the other hand, being debt-free with a roof over your head is psychologically priceless, especially in 2008-like scenarios or worse. I couldn't agree with you more. In days when it is cold or rains heavily, my family and I can stay warm, have a roof of our own over our heads - the feeling is pri...
by EddyB
Wed Aug 29, 2018 3:20 pm
Forum: Investing - Theory, News & General
Topic: Diminishing Proportion of Returns with Stocks
Replies: 23
Views: 1474

Re: Diminishing Proportion of Returns with Stocks

Equities are increasing by 20% at each data point (0, 20, 40, 60, 80, 100%). The average returns are increasing (5.4, 6.7, 7.8, 8.7, 9.5, 10.1%) but the proportional increase (the difference between them) is decreasing (1.3, 1.1, 0.9, 0.8, 0.6%). I apologize for not explaining my question very clea...
by EddyB
Wed Aug 22, 2018 11:01 pm
Forum: Investing - Help with Personal Investments
Topic: Roth IRA in peak earning years?
Replies: 8
Views: 875

Re: Roth IRA in peak earning years?

Plus a “mega backdoor Roth” if you have after-tax room in your 401(k) and an in-service withdrawal option.
by EddyB
Tue Aug 21, 2018 1:13 pm
Forum: Personal Consumer Issues
Topic: Reckless driving ticket in VA-Help!
Replies: 124
Views: 7703

Re: Reckless driving ticket in VA-Help!

Today morning while going to office I got a speeding ticket (46) on speed limit of 25. Speed limit suddenly changes at that place and I was in previous speed flow. "Suddenly changes", huh? No speed change ahead signs to warn of the new speed limit or anything? I don't know how roads and signs work ...
by EddyB
Sat Aug 18, 2018 10:12 am
Forum: Investing - Theory, News & General
Topic: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!
Replies: 1154
Views: 95287

Re: It's not enough to mumble "Stay the Course"... INT'L Investing has been a disaster!

One of Taylor Larimore's favorite sayings is: "When experts disagree it is often because it does not make a foreseeable difference." Steven Dunn's* remarks reinforce this observation (see #8 below), originally found at: http://socialize.morningstar.com/NewSocialize/forums/t/162377.aspx Order of imp...
by EddyB
Sun Aug 12, 2018 6:15 pm
Forum: Personal Finance (Not Investing)
Topic: personal injury lawsuit
Replies: 25
Views: 2666

Re: personal injury lawsuit

My experiences with attorneys regarding lawsuits is that they are interested as long as you give them money upfront and tend to spend down the retainer - then they conclude you do not have a good case. OP, you implied, but did not explicitly state, that this would be a contingency-only representati...
by EddyB
Thu Aug 09, 2018 4:43 pm
Forum: Investing - Theory, News & General
Topic: "Don't Obsess About Expense Ratios"
Replies: 240
Views: 21656

Re: "Don't Obsess About Expense Ratios"

I don't need customer service. I do everything online, and it's very easy to use Vanguard to do what I do. On the rare occasion that I've needed to contact Vanguard's staff for some reason, they've been fine. That is my experience as well. I have never called VG or Fidelity in over 20 years of acco...
by EddyB
Mon Aug 06, 2018 11:52 pm
Forum: Investing - Theory, News & General
Topic: "Don't Obsess About Expense Ratios"
Replies: 240
Views: 21656

Re: "Don't Obsess About Expense Ratios"

Savings $400 annually on a million dollar position in VTSAX seems to be right on the edge between maybe making the change and not. There are probably easier ways for most with that large of a position to make/save $400 than by switching from Vanguard to Fidelity. I have had an S&P 500 index fund in...
by EddyB
Thu Jul 26, 2018 3:58 pm
Forum: Investing - Theory, News & General
Topic: Direct Real Estate Returns
Replies: 361
Views: 17174

Re: Direct Real Estate Returns

What made your RE investments go bust? You said you owned some then had to cash flow them from your day job -- then presumably sold all of them? Or do you still have investment property? They didn't, as the nut never exceeded what I could cover from other income, and I viewed those difficulties as ...
by EddyB
Thu Jul 26, 2018 2:17 pm
Forum: Investing - Theory, News & General
Topic: Direct Real Estate Returns
Replies: 361
Views: 17174

Re: Direct Real Estate Returns

And that’s all normal stuff. There’s also never a general economic collapse that leads to slumping demand for housing (locally or generally). There are confident, optimistic people who have been landlording for five years and don’t know that there were people Who felt the same way, with equal justi...
by EddyB
Thu Jul 26, 2018 2:11 pm
Forum: Investing - Theory, News & General
Topic: Direct Real Estate Returns
Replies: 361
Views: 17174

Re: Direct Real Estate Returns

And that’s all normal stuff. There’s also never a general economic collapse that leads to slumping demand for housing (locally or generally). There are confident, optimistic people who have been landlording for five years and don’t know that there were people Who felt the same way, with equal justi...
by EddyB
Thu Jul 26, 2018 1:52 pm
Forum: Investing - Theory, News & General
Topic: Direct Real Estate Returns
Replies: 361
Views: 17174

Re: Direct Real Estate Returns

And that’s all normal stuff. There’s also never a general economic collapse that leads to slumping demand for housing (locally or generally). There are confident, optimistic people who have been landlording for five years and don’t know that there were people Who felt the same way, with equal justi...
by EddyB
Thu Jul 26, 2018 1:17 pm
Forum: Investing - Theory, News & General
Topic: Direct Real Estate Returns
Replies: 361
Views: 17174

Re: Direct Real Estate Returns

That makes perfect sense. It's cash flow vs. net worth. That I can get my head around. Yes, so real estate lets you "extract" more without risking the "nest egg". If you want to frame it in that way. Since equity "nest egg size" must be sufficiently low to guard against volatility or the sequence o...
by EddyB
Wed Jul 25, 2018 11:17 pm
Forum: Personal Consumer Issues
Topic: Son Hurt at Summer Camp
Replies: 65
Views: 8146

Re: Son Hurt at Summer Camp

Your son is entitled to be made whole if someone else injures him, either intentionally or through stupidity. It sounds like stupidity might be at play here. This is exactly the problem. Everyone is entitled these days. And everyone who negligently harms someone wants to be let off the hook.
by EddyB
Wed Jul 25, 2018 11:14 pm
Forum: Investing - Theory, News & General
Topic: If financial markets shut down, temporarily...
Replies: 42
Views: 3138

Re: If financial markets shut down, temporarily...

A functioning US government. A functioning economy. But for one reason or another, the doors to conventional US investment markets are shut for a time. I am not convinced that we’d have a functioning economy if the markets were shut down for more than a couple days. But it might be worth it if it f...
by EddyB
Tue Jul 24, 2018 6:10 pm
Forum: Personal Consumer Issues
Topic: Daughter wants to travel on her own to Montreal
Replies: 105
Views: 7192

Re: Daughter wants to travel on her own to Montreal

I am bothered by the solo part. It is not related to age or gender. I think going with another person or meeting someone there would be fine. I would be bothered even if my 40 year old son were going to Montreal by himself for a period of several days without a companion or a plan to meet a person ...
by EddyB
Tue Jul 17, 2018 5:25 pm
Forum: Personal Finance (Not Investing)
Topic: Early retirement
Replies: 145
Views: 14617

Re: Early retirement

I retired 2 years ago at 47 and my wife last year at 49. We still have side gigs for about 1 week per month so I guess we are really 75% retired. The days go so quick. We look at each other every night and think where did the day go? We are active and workout most days. We spend 30-40% of the year ...
by EddyB
Sun Jul 15, 2018 10:27 pm
Forum: Personal Finance (Not Investing)
Topic: FireCalc: How big a grain of salt?
Replies: 58
Views: 4971

Re: FireCalc: How big a grain of salt?

OMY and you will be fine, if still fearful than another OMY. OMY. OMY. OMY. OMY. To be honest, if BH could be in trouble by not having enough, imagine what the rest of the country/world would be like. YOLO :sharebeer When you can make the decision (to retire or not), OMY can alleviate many problems...
by EddyB
Fri Jul 13, 2018 11:27 pm
Forum: Personal Finance (Not Investing)
Topic: Early retirement
Replies: 145
Views: 14617

Re: Early retirement

50-55 is considered early now? Military enlisted can retire with pension at 37, officers with pension at 40. I would consider early retirement 35-40 tops, since there are a lot of entrepreneurs, real estate investors, and online business owners that do it at 25-26. I mean, they do it but of course ...