Search found 134 matches

by hesson11
Wed Oct 17, 2018 8:20 pm
Forum: Personal Finance (Not Investing)
Topic: Did you retire because you hit your number?
Replies: 71
Views: 6169

Re: Did you retire because you hit your number?

I never earned what you'd call a lot of money. But I always pointed to a certain number ($X) that I hoped against hope I could achieve by FRA to afford a moderate lifestyle in retirement. Today I'm one year over FRA, and thanks to frugality, rigorous saving and—most important—the gods of the stock m...
by hesson11
Thu Oct 11, 2018 8:44 pm
Forum: Investing - Help with Personal Investments
Topic: Sell it all
Replies: 11
Views: 2730

Re: Sell it all

As GerryL suggested, don't we need to know the tax consequences of making this move before offering advice? Or did I miss something? (Not trying to be a smart aleck; I'm just not as sophisticated as most BHeads and want to know.)
by hesson11
Wed Oct 10, 2018 8:22 pm
Forum: Investing - Help with Personal Investments
Topic: The Psychological Dimension Of The Transition To Retirement
Replies: 25
Views: 2813

Re: The Psychological Dimension Of The Transition To Retirement

OP, Just by being here at Bogleheads, you will do well in retirement. By retiring early, you already have about three decades of practice at living below your means in order to save for retirement. You will not blindly spend 4% plus inflation of your retirement day assets without ever comparing tho...
by hesson11
Wed Oct 10, 2018 7:27 pm
Forum: Investing - Help with Personal Investments
Topic: What did you buy today
Replies: 108
Views: 7504

Re: What did you buy today

I'm retiring in a couple of weeks, so...vodka.
by hesson11
Sun Sep 23, 2018 6:38 pm
Forum: Personal Finance (Not Investing)
Topic: Long Term Care
Replies: 92
Views: 4790

Re: Long Term Care

You might find it helpful to visit: https://longtermcare.acl.gov/ I just started poking around there, so I haven't investigated it fully. But it addresses paying for LTC care through alternatives I hadn't known about, specifically annuities and life insurance. I think it's at least worth checking out.
by hesson11
Tue Sep 18, 2018 2:44 pm
Forum: Investing - Theory, News & General
Topic: "7 Retirement-Portfolio Withdrawal Mistakes to Avoid"
Replies: 13
Views: 2205

Re: "7 Retirement-Portfolio Withdrawal Mistakes to Avoid"

Quote: "Retirees can use the IRS' tables for required minimum distributions as a starting point to inform their withdrawal rates." Is it correct to read that as follows: "Retirees can use the IRS' tables for required minimum distributions as a starting point to inform their OVERALL withdrawal rates...
by hesson11
Sun Sep 16, 2018 11:43 am
Forum: Investing - Help with Personal Investments
Topic: Staying with the old platform Mutual Funds
Replies: 12
Views: 1256

Re: Staying with the old platform Mutual Funds

I've seen posts about this issue, but so far I have not read or heard a single word from Vanguard about switching from my mutual-fund deal to a brokerage deal (I have only mutual funds with Vanguard; been with them since 1985). Will they eventually try to convert everyone to a brokerage?
by hesson11
Sat Sep 15, 2018 9:09 am
Forum: Investing - Help with Personal Investments
Topic: Total Bond or Total Bond/short-term
Replies: 48
Views: 4819

Re: Total Bond or Total Bond/short-term

When people say "rising interest rates," they're generally referring to the Federal Funds Target Rate, which is the rate that banks charge to lend money to each other overnight. This is the ONLY rate that the Fed has any direct control over. All other interest rates are determined by the market, ba...
by hesson11
Fri Sep 14, 2018 9:29 pm
Forum: Investing - Help with Personal Investments
Topic: Total Bond or Total Bond/short-term
Replies: 48
Views: 4819

Re: Total Bond or Total Bond/short-term

Bond prices already reflect market expectations about what will happen to interest rates in the future... Vineviz, I see this idea expressed often on the forum, and I'm not at all sure I understand what it means. I wonder if you or someone else can elaborate on it. Surely it can't mean that if inte...
by hesson11
Fri Sep 14, 2018 12:19 pm
Forum: Investing - Help with Personal Investments
Topic: Best tool/way to manage the a portfolio of multiple accounts
Replies: 22
Views: 1333

Re: Best tool/way to manage the a portfolio of multiple accounts

I use benign neglect for portfolio management to a limited degree. I believe that's a free download. :happy I'm transitioning from the accumulation stage to the retirement stage and have been using my own Excel spreadsheets. I just need to figure out how to reconfigure them for the drawdown rather ...
by hesson11
Tue Sep 11, 2018 6:23 pm
Forum: Investing - Help with Personal Investments
Topic: Money market vs Bond funds
Replies: 10
Views: 1322

Re: Money market vs Bond funds

What am I missing? Intermediate VG bond funds have lost from 1.25 to 1.50% YTD 9/2018. Short term funds have lost a small amount YTD. It would seem reasonable to expect interest rate to increase in future resulting in more loss of principal. VG Prime money market fund has a SEC yield of 2 %. Why sh...
by hesson11
Mon Sep 10, 2018 9:48 pm
Forum: Personal Finance (Not Investing)
Topic: Taking on project work after retirement?
Replies: 11
Views: 1129

Re: Taking on project work after retirement?

Thank you for your thoughts, everyone. Very interesting perspectives. I see that the thoughts all of you have expressed are as varied as the often contradictory thoughts running through my own mind! One good thing: I can always give it a shot, see how it goes, then decide whether to continue or to m...
by hesson11
Mon Sep 10, 2018 9:22 am
Forum: Personal Finance (Not Investing)
Topic: Taking on project work after retirement?
Replies: 11
Views: 1129

Taking on project work after retirement?

I've been a freelance (independent contractor) consultant for about 30 years. When informing my best client of my plans to retire soon, they asked me to consider taking on project work from time to time. Just wondering if any of you have been a similar situation and, if so, how it turned out. As lon...
by hesson11
Fri Sep 07, 2018 7:46 pm
Forum: Investing - Theory, News & General
Topic: Is individual Bonds better than Bond Fund?
Replies: 58
Views: 5342

Re: Is individual Bonds better than Bond Fund?

I saw the same PBS Suze show that the OP did. My ears perked up when she said that because about two days before that, I put a boatload of money into the Vanguard Total Bond Fund! (The I remembered that I probably trust Taylor Larimore more than Suze.) BUT...I was surprised just a few days after tha...
by hesson11
Wed Aug 29, 2018 2:40 pm
Forum: Personal Finance (Not Investing)
Topic: Chase Closing Credit Card Accounts
Replies: 32
Views: 4220

Re: Chase Closing Credit Card Accounts

THY4373 wrote:
Wed Aug 29, 2018 11:49 am
Almost 100% guaranteed to be a phish. Ask yourself why they would suspend your online access but then ask you to log in to restore access?
Hence my understated, "I don't think I'm going to do that!" Thanks! :D
by hesson11
Wed Aug 29, 2018 11:23 am
Forum: Personal Finance (Not Investing)
Topic: Chase Closing Credit Card Accounts
Replies: 32
Views: 4220

Re: Chase Closing Credit Card Accounts

I don't even have a Chase card, but the other day I got an email from them saying they have "suspended my online access" due to "unusual activity." The email asks me to click on a link to log in to my account and unblock it. I don't think I'm going to do that! Anybody else get one of these?
by hesson11
Tue Aug 28, 2018 7:21 pm
Forum: Investing - Theory, News & General
Topic: 2000-2018 retirement - sequence of returns
Replies: 153
Views: 13691

Re: 2000-2018 retirement - sequence of returns

Thanks so much to Homer and others who have contributed to this eye-opening—and to me reassuring—thread. One thought has occurred to me while reading through it: The information presented seems—in general—to reinforce the validity of the approach Jane Bryant Quinn writes about in her book "How to Ma...
by hesson11
Mon Aug 27, 2018 6:22 pm
Forum: Investing - Theory, News & General
Topic: Best way to sell long held mutual fund
Replies: 13
Views: 1451

Re: Best way to sell long held mutual fund

I don't know enough to offer advice, but if you consider four years to be "long held," I'm guessing you're a pretty young whippersnapper! To many here, four years isn't even a blip on the radar screen. I'm hoping this move is part of a carefully thought-out long-term plan.
by hesson11
Sun Aug 26, 2018 8:56 pm
Forum: Investing - Help with Personal Investments
Topic: Does it make sense to take some cash out now
Replies: 8
Views: 1213

Re: Does it make sense to take some cash out now

frotec, I see that you have undergone an initiation similar to many new or relatively new members: Your first reply was a rhetorical question that did little or nothing to enlighten you, as a newcomer to the group. I'm sure over the course of your membership here you will gather that the boglehead p...
by hesson11
Sat Aug 25, 2018 10:24 am
Forum: Investing - Help with Personal Investments
Topic: Investing in a Broadway show production
Replies: 28
Views: 2434

Re: Investing in a Broadway show production

I don't know whether this will be more valuable as entertainment or instruction, but... Years ago, my father knew a well-established Broadway producer. He asked my dad to invest in his upcoming show about a rock-and-roll star who was enlisting in the Army and who wanted to give a female fan one last...
by hesson11
Sat Aug 18, 2018 9:19 am
Forum: Investing - Theory, News & General
Topic: Capital Gains on an Index Fund
Replies: 25
Views: 1573

Re: Capital Gains on an Index Fund

(ON EDIT: I see PFInterest beat me to the punch—and did a better job of explaining things while I was typing the following!) Hi bgyt. I'm not much ahead of you in terms of experience, but I'll try to help out, knowing others will expand on or correct what I say. I believe PFInterest's "TLH" is tax-l...
by hesson11
Tue Aug 14, 2018 5:26 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard PAS Recommendation
Replies: 5
Views: 713

Re: Vanguard PAS Recommendation

tj, are you talking about the free portfolio review that Vanguard offers? Or are you talking about the services of Vanguard's Personal Advisory Service? If the former, do you get a sales "pitch" to enroll with PAS? I'm curious because I'd like to see what the free review is like, but I'd be less cra...
by hesson11
Sun Aug 12, 2018 10:45 pm
Forum: Personal Finance (Not Investing)
Topic: What I spent in 6 months on medicare
Replies: 159
Views: 13382

Re: What I spent in 6 months on medicare

Wow. You're paying $128 a month for Plan L? In many areas of the U.S. people are buying G for around $101 How long have you had Plan L? I've had it for 2.5 years. When my decision time came, it offered the best combination of value and coverage, to my mind. At the time I enrolled, the four Plan G p...
by hesson11
Sun Aug 12, 2018 10:25 pm
Forum: Investing - Theory, News & General
Topic: How can I use the Rising Equity Glide Path?
Replies: 61
Views: 4084

Re: How can I use the Rising Equity Glide Path?

Darwin, you seem to be hitting some headwinds here! I, too, find this idea intriguing, though I don't know whether I'd have the guts to carry it out. If you haven't seen the article below, perhaps it will be of help: http://www.aaii.com/journal/article/reduce-stock-exposure-in-retirement-or-graduall...
by hesson11
Sun Aug 12, 2018 10:12 pm
Forum: Investing - Help with Personal Investments
Topic: [How can I simplify rebalancing across multiple accounts?]
Replies: 19
Views: 2073

Re: [How can I simplify rebalancing across multiple accounts?]

This Wiki article on "Asset Allocation in Multiple Accounts" may be helpful. I found the "pitchers and buckets" analogy especially informative.

https://www.bogleheads.org/wiki/Asset_a ... e_accounts
by hesson11
Sun Aug 12, 2018 8:11 pm
Forum: Personal Finance (Not Investing)
Topic: What I spent in 6 months on medicare
Replies: 159
Views: 13382

Re: What I spent in 6 months on medicare

It's been an unusually active year for me, medically speaking.

I've been billed about $17,000.
I've paid about $400.

Not a bad deal at all, even with the roughly $3,000 I pay in annual premiums (Part B = $1,206. Part D = $317. AARP United Plan L Supplement = $1,540).
by hesson11
Sun Aug 12, 2018 8:06 pm
Forum: Personal Finance (Not Investing)
Topic: Understanding Medicare Options?
Replies: 39
Views: 1631

Re: Understanding Medicare Options?

Thanks for all the great advice. Yes, I am on SSDI and am recovering from a major health issue that could reappear at any time. Will have the opportunity to go on Medicare, but I am not up to speed with all the terms, much less the nuances, health benefits vs financial benefits of various options. ...
by hesson11
Sun Aug 12, 2018 9:24 am
Forum: Personal Finance (Not Investing)
Topic: SS 2019 COLA could be close to 3%
Replies: 55
Views: 5951

Re: SS 2019 COLA could be close to 3%

I'm very happy it was useful to you. I would suggest making an appointment to visit with your local Social Security Office specialist. They can give you a printout which makes your benefit estimation month-by-month very clear. Then you can see the exact tradeoffs and benefits for delaying or taking...
by hesson11
Sat Aug 11, 2018 1:46 pm
Forum: Personal Finance (Not Investing)
Topic: SS 2019 COLA could be close to 3%
Replies: 55
Views: 5951

Re: SS 2019 COLA could be close to 3%

The monthly payment increases by the COLA amount whether you are taking it or deferring it. There's no reason to grab it earlier than you planned or wanted to, and no reason to delay beyond what you planned or wanted either. If you are over full retirement age, each month you delay your payment inc...
by hesson11
Fri Aug 10, 2018 12:53 pm
Forum: Personal Finance (Not Investing)
Topic: SS 2019 COLA could be close to 3%
Replies: 55
Views: 5951

Re: SS 2019 COLA could be close to 3%

Hmmmm. I wonder what the implications are for someone like me, who is planning to start taking SS benefits this-coming January. Will my initial monthly benefit reflect this COLA increase? Should I start receiving benefits before the end of this year in hope that the increase would apply to me, thus ...
by hesson11
Wed Aug 08, 2018 6:19 pm
Forum: Investing - Theory, News & General
Topic: [Explain] something to me about bonds, please
Replies: 4
Views: 881

Re: [Explain] something to me about bonds, please

Thank you very much for your answer, Cruncher.
by hesson11
Tue Aug 07, 2018 9:13 pm
Forum: Investing - Theory, News & General
Topic: [Explain] something to me about bonds, please
Replies: 4
Views: 881

Re: [Explain] something to me about bonds, please

Thank you very much, btraven. But regardless of that, it appears that between the last day of 2013, for instance, and the last day of 2014, I assume I still would be $2,472 "richer" ($57,725 - $57,253).
by hesson11
Tue Aug 07, 2018 7:14 pm
Forum: Investing - Help with Personal Investments
Topic: SPIA for an older retired relative
Replies: 11
Views: 1043

Re: SPIA for an older retired relative

Uniquehorn, since you're new and may not know much about Bogleheads, I promise you that if you were to propose something unfeasible, impractical or just plain stupid, they would tell you and they would leave no doubt about it. I trust the others to answer your particular question much more than I tr...
by hesson11
Tue Aug 07, 2018 6:13 pm
Forum: Investing - Theory, News & General
Topic: [Explain] something to me about bonds, please
Replies: 4
Views: 881

[Explain] something to me about bonds, please

I think I understand what I’ve read here about the relationship between interest-rate hikes and bond funds in terms of their durations (i.e., a 1% hike in rates on a 5-year duration = 5% drop in the bond fund, and it will take 5 years to recover ). But today, I ran a Portfolio Visualizer backtest fo...
by hesson11
Sun Aug 05, 2018 10:15 pm
Forum: Investing - Help with Personal Investments
Topic: VINEX international fund
Replies: 29
Views: 1712

Re: VINEX international fund

Omer, Regardless of the tone of some comments, I think most folks here just want to make sure you make your decisions knowing that the past has absolutely nothing to do with the future. I used to base almost all my decisions on past performance. It took a LOT of repeated warnings to get it through m...
by hesson11
Sun Aug 05, 2018 7:28 pm
Forum: Personal Finance (Not Investing)
Topic: Dear BH, what are non-BH [financial] actions you do?
Replies: 71
Views: 4849

Re: Dear BH, what are non-BH actions you do?

I do a lot of market timing. Successfully. Shocking! (Both that you do it AND that you do it successfully.) True confession: I don't index. I'm an extreme example of KISS, and my main holdings are in Vanguard Star, a fund of actively managed funds.I started investing many years ago, when the idea o...
by hesson11
Sun Aug 05, 2018 3:50 pm
Forum: Personal Finance (Not Investing)
Topic: Pulled the trigger
Replies: 15
Views: 2913

Re: Pulled the trigger

Congratulations, Spam. I won't be far behind you.

You seem to have everything nailed down pretty tight. Just out of curiosity, if you care to share whether you've done anything in particular to address sequence-of-return risk early in retirement, I suspect that would also be of interest. Congrats!
by hesson11
Sat Aug 04, 2018 9:30 pm
Forum: Investing - Theory, News & General
Topic: holding bonds-why or why not?
Replies: 19
Views: 2291

Re: holding bonds-why or why not?

It sounds to me like Buffet is talking about investors with extremely long time horizons. The longer your horizon the riskier your portfolio can become because you've got time to recover losses. I wonder what Warren's advice to me would be if he knew I were about to retire and needed to reduce risk....
by hesson11
Sat Aug 04, 2018 7:14 am
Forum: Local Chapters and Bogleheads Community
Topic: Post your Financial Milestone Announcements Here
Replies: 511
Views: 56222

Re: Poll: At what age did you hit $500k Net Worth

Single income making 140k/yr in CA. Reached it at 27 yr old (3 yrs past graduation). Double that at 30. Double again at 34. I am 34 now. All thanks for stock market bubble ran up and housing bubble... I don't think I will get anywhere as fast in the next 10 yr, I stop taking any OTs (used to work a...
by hesson11
Fri Aug 03, 2018 9:30 pm
Forum: Investing - Theory, News & General
Topic: Treasury Bonds are the Only Bonds You Need
Replies: 195
Views: 21461

Re: Treasury Bonds are the Only Bonds You Need

A late learner trying to absorb all of this. I wonder if I could get some thoughts on this scenario: I'll be retiring within months and will have to start taking RMDs in about two years. Within an appropriate stock/bond allocation, would it make sense to have my bond allocation made up of (roughly) ...
by hesson11
Fri Aug 03, 2018 8:50 pm
Forum: Local Chapters and Bogleheads Community
Topic: Post your Financial Milestone Announcements Here
Replies: 511
Views: 56222

Re: Poll: At what age did you hit $500k Net Worth

These threads are both inspiring and frustrating . As a single person who is just going to be starting his career in his mid to late 20's with existing debt, I must admit a bit of jealousy. I know it's very individual and it shouldn't matter where others are as long as I am on track for my own goal...
by hesson11
Fri Aug 03, 2018 3:35 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Asset Mix Pie Chart
Replies: 6
Views: 1095

Re: Vanguard Asset Mix Pie Chart

This probably isn't the answer, but if one of your holdings is a fund-of-funds, it's possible that the components of the overall fund have been slightly altered since the last time you checked. Maybe??
by hesson11
Thu Aug 02, 2018 7:14 pm
Forum: Investing - Theory, News & General
Topic: Respect the Magical Power of Mean Reversion
Replies: 20
Views: 2207

Re: Respect the Magical Power of Mean Reversion

I don't know much about anything, but this has me wondering: In investing, should we really be talking about reversion TOWARD the mean rather than reversion TO the mean? Perhaps an extreme will tend to revert toward the mean, but not get there entirely. I wonder if markets always get TO the mean or ...
by hesson11
Wed Aug 01, 2018 10:28 pm
Forum: Personal Consumer Issues
Topic: First smartphone:What to buy and what prepaid plan to sign on?
Replies: 27
Views: 2373

Re: First smartphone:What to buy and what prepaid plan to sign on?

"I have a couple of questions: What's the difference between prepaid plans offered by major carriers vs. not widely known companies? Why do people choose latter vs. former or vice versa?" Not sure I can explain the difference, because I don't have to know. With Consumer Cellular, which I recommended...
by hesson11
Wed Aug 01, 2018 9:01 am
Forum: Investing - Theory, News & General
Topic: Treasury Bonds are the Only Bonds You Need
Replies: 195
Views: 21461

Re: Treasury Bonds are the Only Bonds You Need

Thanks for this info, CULater. I find it very interesting. The chart showing Treasury performance during the biggest stock drawdowns is especially noteworthy and, if accurate, convincing. I have no reason to believe it is not accurate, but I also noticed that the author is president of an advisory f...
by hesson11
Wed Aug 01, 2018 8:38 am
Forum: Personal Consumer Issues
Topic: First smartphone:What to buy and what prepaid plan to sign on?
Replies: 27
Views: 2373

Re: First smartphone:What to buy and what prepaid plan to sign on?

My knowledge certainly isn't extensive, especially regarding your specific needs, but I do have two words of advice for you: Consumer Cellular I've been a customer for several years (both for iPhone purchase and service), and I am constantly amazed by how helpful, flexible and affordable they are. I...
by hesson11
Tue Jul 31, 2018 8:20 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare Supplement Companies
Replies: 62
Views: 5048

Re: Medicare Supplement Companies

Kaiser is very good on preventative medicine treatment. They do keep costs low.. but sometimes there is another steep price to pay for that. Case in point: I happen to know a Kaiser MD who had a relatively sudden onset of sever hypertension, in spite of the fact that he was otherwise fit and athlet...
by hesson11
Tue Jul 31, 2018 2:01 pm
Forum: Investing - Theory, News & General
Topic: DOOM!!!!! Morgan Stanley warns
Replies: 41
Views: 4941

Re: DOOM!!!!! Morgan Stanley warns

Why post nonsense like this? Purely for entertainment value, I think! Here are the top few headlines on MarketWatch right now: • Prepare for the biggest stock-market selloff in months, Morgan Stanley warns • This ‘prophet of doom’ predicts stock market will plunge more than 50% • After a strong Jul...
by hesson11
Mon Jul 30, 2018 9:10 pm
Forum: Investing - Help with Personal Investments
Topic: Newbie enlightened by Bogleheads
Replies: 23
Views: 3210

Re: Newbie burned by bonds

Thanks, Grabiner. Guess it would have helped to look at the signs!
by hesson11
Mon Jul 30, 2018 8:40 pm
Forum: Investing - Help with Personal Investments
Topic: Newbie enlightened by Bogleheads
Replies: 23
Views: 3210

Re: Newbie burned by bonds

Arctic, that DOES put things in perspective.

BTW, I've never known why there are two columns under the "Change" heading, and I can find no clue from Vanguard. Can someone explain what they mean? THANKS.