Search found 4641 matches

by TheTimeLord
Sun Nov 19, 2017 7:50 pm
Forum: Personal Consumer Issues
Topic: How much do you budget for vacation?
Replies: 58
Views: 2441

Re: How much do you budget for vacation?

How much do you budget for vacation? Whatever it takes. :twisted: (Sorry, that was a bit snarky, wasn't it?) I just retired, and DW will be retiring in a couple of years. We tentatively plan to hit some "bucket list" spots in the next decade, so I tentatively budget for a "lesser" and "greater" tri...
by TheTimeLord
Sun Nov 19, 2017 2:28 pm
Forum: Investing - Help with Personal Investments
Topic: Do you include the sale of your home as part of your retirement planning?
Replies: 75
Views: 3113

Re: Do you include the sale of your home as part of your retirement planning?

jebmke wrote:
Sun Nov 19, 2017 2:26 pm
TheTimeLord wrote:
Sun Nov 19, 2017 2:21 pm
We certainly plan to transition before that point.
This makes it sound like you are going to off yourself. :P
LOL, transition from a stand alone home to Independent/Assisted Living.
by TheTimeLord
Sun Nov 19, 2017 2:21 pm
Forum: Investing - Help with Personal Investments
Topic: Do you include the sale of your home as part of your retirement planning?
Replies: 75
Views: 3113

Re: Do you include the sale of your home as part of your retirement planning?

I thought LTC insurance only paid for the medical treatment aspects of assisted living (could be wrong). From experience the range of services and costs associated with assisted living varies greatly and usually progress with length of stay. It just doesn't seem logical to me that an insurance poli...
by TheTimeLord
Sun Nov 19, 2017 1:31 pm
Forum: Investing - Help with Personal Investments
Topic: Confused about cash and retirement - isn't this really about market timing?
Replies: 38
Views: 2841

Re: Confused about cash and retirement - isn't this really about market timing?

This entire thread confuses me because different posters seem to mean different things by the word "cash." When people say they have four years of cash, I surely hope that they are not holding four years of expenses in a standard savings account or even a money market account. It seems wasteful for...
by TheTimeLord
Sun Nov 19, 2017 1:25 pm
Forum: Investing - Help with Personal Investments
Topic: Confused about cash and retirement - isn't this really about market timing?
Replies: 38
Views: 2841

Re: Confused about cash and retirement - isn't this really about market timing?

I would say that most of what people call cash really is not earning more than 1.5% these days. And that makes me sad. A 12-month CD earns more than 1.5%. If the "cash" is for expenses covering a period longer than 12 months, why not put it in a 12-month CD? Seems inconsistent to have a Boglehead i...
by TheTimeLord
Sun Nov 19, 2017 1:11 pm
Forum: Investing - Help with Personal Investments
Topic: Confused about cash and retirement - isn't this really about market timing?
Replies: 38
Views: 2841

Re: Confused about cash and retirement - isn't this really about market timing?

This entire thread confuses me because different posters seem to mean different things by the word "cash." When people say they have four years of cash, I surely hope that they are not holding four years of expenses in a standard savings account or even a money market account. It seems wasteful for...
by TheTimeLord
Sun Nov 19, 2017 11:22 am
Forum: Investing - Help with Personal Investments
Topic: Do you include the sale of your home as part of your retirement planning?
Replies: 75
Views: 3113

Re: Do you include the sale of your home as part of your retirement planning?

But I absolutely view the home equity as part of the solution for long term care; e.g. I move to something like assisted living, and use sale proceeds of house to fund it. So, do I have LTC insurance? Sort of -- equity in the house would pay for about four years of assisted living in my area. Depen...
by TheTimeLord
Sun Nov 19, 2017 11:11 am
Forum: Investing - Theory, News & General
Topic: is Amazon a monopoly?
Replies: 15
Views: 612

Re: is Amazon a monopoly?

...or, could it eventually be deemed one? Heard a snip this week that " ...Amazon accounts for $0.44 of every $1 spent online ". Have read/heard similar things over the past few years - example from Feb 2017 . At what point is a company like this considered a monopoly where its broken up? what is t...
by TheTimeLord
Sun Nov 19, 2017 10:58 am
Forum: Investing - Help with Personal Investments
Topic: Confused about cash and retirement - isn't this really about market timing?
Replies: 38
Views: 2841

Re: Confused about cash and retirement - isn't this really about market timing?

But that's exactly the point. I don't need that cash to "perform" - the rest of my portfolio does the heavy lifting. +1 Retirees who "have enough" let's say can live on 2% or less yearly draw are in a different place. Their need to take risk is much less because the need for growth is less. Everyon...
by TheTimeLord
Sun Nov 19, 2017 10:48 am
Forum: Investing - Help with Personal Investments
Topic: Do you include the sale of your home as part of your retirement planning?
Replies: 75
Views: 3113

Re: Do you include the sale of your home as part of your retirement planning?

No I do not. However, I do account on the expense side what projected upgrades/maintenance may be required over the years that I remain here. If I had to plan to use my home as a source for retirement income, I would further refine my plan to remove it from the equation. Additionally, I've moved en...
by TheTimeLord
Sun Nov 19, 2017 10:38 am
Forum: Investing - Help with Personal Investments
Topic: Do you include the sale of your home as part of your retirement planning?
Replies: 75
Views: 3113

Re: Do you include the sale of your home as part of your retirement planning?

But I absolutely view the home equity as part of the solution for long term care; e.g. I move to something like assisted living, and use sale proceeds of house to fund it. So, do I have LTC insurance? Sort of -- equity in the house would pay for about four years of assisted living in my area. Depen...
by TheTimeLord
Sat Nov 18, 2017 10:37 pm
Forum: Personal Finance (Not Investing)
Topic: What we don't know
Replies: 42
Views: 2510

Re: What we don't know

We really don't know anything when it comes to investing,do we?Almost daily I see posts on Bogleheads that make me feel this way Which is better a CD ladder or bond fund,with interest rates this low? Which is better index funds or a low cost managed fund (Wellington,Wesley,Primecap...)? Am I saving...
by TheTimeLord
Sat Nov 18, 2017 8:36 pm
Forum: Investing - Help with Personal Investments
Topic: Do you include the sale of your home as part of your retirement planning?
Replies: 75
Views: 3113

Re: Do you include the sale of your home as part of your retirement planning?

wander wrote:
Sat Nov 18, 2017 4:37 pm
Selling our house is the last option if our retirement money is running out. It is nice to have a safety net, but when planning for retirement we exclude the house.
Sounds like you plan for it, you just plan for it off book and don't reflect it in your formal plan.
by TheTimeLord
Sat Nov 18, 2017 8:31 pm
Forum: Investing - Theory, News & General
Topic: The 4% rule DOES fail but still makes sense!
Replies: 151
Views: 9764

Re: The 4% rule DOES fail but still makes sense!

^ how does RMD work with 4% SWR when most of our retirement assets are in IRAs? Just because you withdraw it from your IRA doesn't mean you can't turn around and re-invest it in your taxable accounts. Doesn't the 4% rule just say you can spend up to 4% of your original portfolio's balance at retire...
by TheTimeLord
Sat Nov 18, 2017 4:31 pm
Forum: Investing - Help with Personal Investments
Topic: Do you include the sale of your home as part of your retirement planning?
Replies: 75
Views: 3113

Re: Do you include the sale of your home as part of your retirement planning?

For me the importance lies in my wanting to maximize what I can spend in the first 10 years of retirement. Including or not including the sale of the house is material to the amount I would have available. Everyone has different priorities. Well, I don't have any plans to spend as much as possible....
by TheTimeLord
Sat Nov 18, 2017 3:51 pm
Forum: Investing - Help with Personal Investments
Topic: Do you include the sale of your home as part of your retirement planning?
Replies: 75
Views: 3113

Re: Do you include the sale of your home as part of your retirement planning?

No. Then again, its value is small compared to investments. Selling it would be part of contingent planning for extended long-term health care, as my POA could sell it and use the money for that as needed. No one knows the future, so I don't see any point to specific planning like that for events 2...
by TheTimeLord
Sat Nov 18, 2017 12:31 pm
Forum: Investing - Help with Personal Investments
Topic: Confused about cash and retirement - isn't this really about market timing?
Replies: 38
Views: 2841

Re: Confused about cash and retirement - isn't this really about market timing?

I saw people mentioning CD for retirement investing. This is the presentation I did for South Bay Bogleheads this week about the use of CD during retirement. https://drive.google.com/file/d/1UWtp_SQ5ZkNnzw6oRrYHAXN6959D-54-/view?usp=sharing In what is believed to be a rising interest rate environme...
by TheTimeLord
Sat Nov 18, 2017 12:17 pm
Forum: Investing - Help with Personal Investments
Topic: Confused about cash and retirement - isn't this really about market timing?
Replies: 38
Views: 2841

Re: Confused about cash and retirement - isn't this really about market timing?

From that perspective then the problem is with what each individual defines as "cash" and your knowledge of the return they are receiving on that "cash". I don't believe I have seen a large number of posts suggesting people are pulling out money and piling it under their mattresses. In my case whil...
by TheTimeLord
Sat Nov 18, 2017 11:06 am
Forum: Investing - Theory, News & General
Topic: WSJ commentary about declining # of publicly traded companies
Replies: 28
Views: 2195

Re: WSJ commentary about declining # of publicly traded companies

While index funds don't, some Mutual Funds carry shares of privately held companies. I was looking at a Fidelity funds that has outperformed the S&P for over a decade and noticed one of its top holdings was UBER. Fidelity Contrafund (FCNTX) The Fidelity Contrafund (“FCNTX”) is one of the most aggres...
by TheTimeLord
Sat Nov 18, 2017 10:54 am
Forum: Investing - Help with Personal Investments
Topic: Confused about cash and retirement - isn't this really about market timing?
Replies: 38
Views: 2841

Re: Confused about cash and retirement - isn't this really about market timing?

Bernstein Says Stop When You Win The Game https://www.whitecoatinvestor.com/bernstein-says-stop-when-you-win-the-game/ While this approach smacks of market timing, it’s entirely based on past performance, not future performance and so requires no predictive ability. He’s just suggesting that your g...
by TheTimeLord
Sat Nov 18, 2017 10:15 am
Forum: Investing - Help with Personal Investments
Topic: Do you include the sale of your home as part of your retirement planning?
Replies: 75
Views: 3113

Re: Do you include the sale of your home as part of your retirement planning?

What I think I am hearing is most don't see themselves utilizing independent or assisted living facilities, only more traditional LTC or skilled nursing. I find this consistent with my relatives but I have also observed that once in either independent or assisted living their attitudes changed and ...
by TheTimeLord
Sat Nov 18, 2017 10:10 am
Forum: Investing - Help with Personal Investments
Topic: Do you include the sale of your home as part of your retirement planning?
Replies: 75
Views: 3113

Re: Do you include the sale of your home as part of your retirement planning?

No. It would be cutting things too close for my comfort. j :D Not sure why it makes you cut anything closer, you don't have to plan on spending the proceeds of the sale just recognize their existence. But I can understand if people are worried about overvaluing their property in their plan or anoth...
by TheTimeLord
Sat Nov 18, 2017 10:04 am
Forum: Investing - Help with Personal Investments
Topic: Do you include the sale of your home as part of your retirement planning?
Replies: 75
Views: 3113

Re: Do you include the sale of your home as part of your retirement planning?

What I think I am hearing is most don't see themselves utilizing independent or assisted living facilities, only more traditional LTC or skilled nursing. I find this consistent with my relatives but I have also observed that once in either independent or assisted living their attitudes changed and t...
by TheTimeLord
Sat Nov 18, 2017 9:37 am
Forum: Investing - Help with Personal Investments
Topic: Do you include the sale of your home as part of your retirement planning?
Replies: 75
Views: 3113

Re: Do you include the sale of your home as part of your retirement planning?

I view it as a neutral. We'll either be living in a paid off house/condo or using the proceeds from selling a home to pay rent. Either way housing costs are covered up until we need years of specialized care which would then be funded out of investments and retirement income (e.g. dividends, SS). I...
by TheTimeLord
Sat Nov 18, 2017 9:32 am
Forum: Investing - Help with Personal Investments
Topic: Do you include the sale of your home as part of your retirement planning?
Replies: 75
Views: 3113

Re: Do you include the sale of your home as part of your retirement planning?

I don't include anything that can't be converted to cash within a short period of time (say, less than a week). That would only seem to matter if you needed the money within a week. If you planned to sell your home 5 years or more years before you would ever use the money why would it matter if you...
by TheTimeLord
Sat Nov 18, 2017 9:29 am
Forum: Investing - Help with Personal Investments
Topic: Do you include the sale of your home as part of your retirement planning?
Replies: 75
Views: 3113

Re: Do you include the sale of your home as part of your retirement planning?

No I do not. However, I do account on the expense side what projected upgrades/maintenance may be required over the years that I remain here. If I had to plan to use my home as a source for retirement income, I would further refine my plan to remove it from the equation. Additionally, I've moved en...
by TheTimeLord
Sat Nov 18, 2017 9:12 am
Forum: Investing - Help with Personal Investments
Topic: Do you include the sale of your home as part of your retirement planning?
Replies: 75
Views: 3113

Do you include the sale of your home as part of your retirement planning?

Do you include the sale of your home as part of your retirement planning? As part of my retirement plan I include the sale of my home in my 80s. I show it being converted to cash at its inflation adjusted purchase price. In Firecalc, I show the sale as a one time event. I include the value of my hom...
by TheTimeLord
Sat Nov 18, 2017 8:51 am
Forum: Investing - Theory, News & General
Topic: The 4% rule DOES fail but still makes sense!
Replies: 151
Views: 9764

Re: The 4% rule DOES fail but still makes sense!

Someone correct me if I am wrong but isn't the 4% rule that you withdraw 4% of your starting portfolio's value adjusted for inflation each year. In other words if you start with a million dollar portfolio you can withdraw $40,000 each year adjusted for inflation. It seems like a lot of folks think i...
by TheTimeLord
Fri Nov 17, 2017 10:56 pm
Forum: Investing - Help with Personal Investments
Topic: Confused about cash and retirement - isn't this really about market timing?
Replies: 38
Views: 2841

Re: Confused about cash and retirement - isn't this really about market timing?

Bernstein Says Stop When You Win The Game https://www.whitecoatinvestor.com/bernstein-says-stop-when-you-win-the-game/ While this approach smacks of market timing, it’s entirely based on past performance, not future performance and so requires no predictive ability. He’s just suggesting that your g...
by TheTimeLord
Fri Nov 17, 2017 11:34 am
Forum: Personal Finance (Not Investing)
Topic: Why NOT make more money?
Replies: 162
Views: 13277

Re: Why NOT make more money?

Is it "put the pin" or "pull the pin"? Not being native American speaker, these type of idioms always gets me. https://www.usingenglish.com/reference/idioms/pull+the+pin.html What does 'Pull the pin' mean? If you pull the pin, you put an end to something, quit or resign. Personally, I always assume...
by TheTimeLord
Fri Nov 17, 2017 11:27 am
Forum: Personal Finance (Not Investing)
Topic: Why NOT make more money?
Replies: 162
Views: 13277

Re: Why NOT make more money?

Is it "put the pin" or "pull the pin"? Not being native American speaker, these type of idioms always gets me. https://www.usingenglish.com/reference/idioms/pull+the+pin.html What does 'Pull the pin' mean? If you pull the pin, you put an end to something, quit or resign. Personally, I always assume...
by TheTimeLord
Fri Nov 17, 2017 11:01 am
Forum: Investing - Help with Personal Investments
Topic: Is it a bad idea to invest several times a month?
Replies: 13
Views: 1184

Re: Is it a bad idea to invest several times a month?

Personally, I try to never invest less than $1,000 (arbitrary number, most of the time I invest more) at a time in any taxable mutual fund holding. The reason is because I do believe it will simplify my tax lot selection down the road and have no real effect on my returns. I want my tax lots simplif...
by TheTimeLord
Tue Nov 14, 2017 3:58 pm
Forum: Investing - Theory, News & General
Topic: The 4% rule DOES fail but still makes sense!
Replies: 151
Views: 9764

Re: The 4% rule DOES fail but still makes sense!

Still waiting for the first Boglehead thread to claim an negative withdrawal rate is unsafe because it causes an increase in taxes. Distracting animated gif removed by Mod Mel. (They're not allowed.) If it weren't for beating dead horses (4% rule, international or not, home ownership, etc) what wou...
by TheTimeLord
Tue Nov 14, 2017 3:25 pm
Forum: Investing - Theory, News & General
Topic: The 4% rule DOES fail but still makes sense!
Replies: 151
Views: 9764

Re: The 4% rule DOES fail but still makes sense!

Still waiting for the first Boglehead thread to claim an negative withdrawal rate is unsafe because it causes an increase in taxes.

Distracting animated gif removed by Mod Mel. (They're not allowed.).
by TheTimeLord
Sun Nov 12, 2017 8:08 pm
Forum: Personal Finance (Not Investing)
Topic: Why NOT make more money?
Replies: 162
Views: 13277

Re: Why NOT make more money?

JDCarpenter wrote:
Sun Nov 12, 2017 3:07 pm
While working, we had 1 week of dive travel a year (with three exceptional 2 week trips in 27 years)
Maybe we will cross paths on a boat someday in the future.
by TheTimeLord
Sun Nov 12, 2017 2:51 pm
Forum: Investing - Help with Personal Investments
Topic: How do you project the amount you will have to spend annually in retirement?
Replies: 76
Views: 4138

Re: How do you project the amount of income you will have in retirement?

For those who retire well before SS they may want to spend well beyond 4% before collecting SS so if I want to have level spending for the first 15 years of my retirement 10 years before SS and 5 years after I am not thinking a straight 4% would give me the proper approximation. Kinda why I created...
by TheTimeLord
Sun Nov 12, 2017 2:18 pm
Forum: Investing - Help with Personal Investments
Topic: How do you project the amount you will have to spend annually in retirement?
Replies: 76
Views: 4138

Re: How do you project the amount you will have to spend annually in retirement?

How do you project the amount of income you will have in retirement? I use what I consider a fairly simple spreadsheet I created and validate the numbers it produces are reasonable using FireCalc and I-ORP. I don't use Firecalc or I-Orp exclusively because I have a couple custom scenarios built it ...
by TheTimeLord
Sun Nov 12, 2017 1:32 pm
Forum: Investing - Help with Personal Investments
Topic: How do you project the amount you will have to spend annually in retirement?
Replies: 76
Views: 4138

Re: How do you project the amount of income you will have in retirement?

How do you project the amount you will have to spend annually in retirement? A simple way is to add up known income streams you will have and 4% of the portfolio value you expect to have at retirement. Since income streams may have timing different from date of retirement and some may be inflation ...
by TheTimeLord
Sun Nov 12, 2017 1:14 pm
Forum: Investing - Help with Personal Investments
Topic: How do you project the amount you will have to spend annually in retirement?
Replies: 76
Views: 4138

Re: How do you project the amount of income you will have in retirement?

Fair enough, but this definition of income I use. So I look at things in terms of income and outgo. I can see some of the shades of gray people are painting but struggling to find any utility in them. https://www.investopedia.com/terms/i/income.asp?ad=dirN&qo=relatedSearchNarrow&qsrc=6&o=40186 What...
by TheTimeLord
Sun Nov 12, 2017 12:59 pm
Forum: Personal Finance (Not Investing)
Topic: Why NOT make more money?
Replies: 162
Views: 13277

Re: Why NOT make more money?

There is a thread about "why make more money"? So this one is to discuss about the other side of the story. For myself, I am actually in the middle and in a difficult situation to go either way. Here is my situation (said before in other threads): We are in early 50s and have achieved financial ind...
by TheTimeLord
Sun Nov 12, 2017 12:50 pm
Forum: Investing - Help with Personal Investments
Topic: How do you project the amount you will have to spend annually in retirement?
Replies: 76
Views: 4138

Re: How do you project the amount of income you will have in retirement?

Fair enough, but this definition of income I use. So I look at things in terms of income and outgo. I can see some of the shades of gray people are painting but struggling to find any utility in them. https://www.investopedia.com/terms/i/income.asp?ad=dirN&qo=relatedSearchNarrow&qsrc=6&o=40186 What...
by TheTimeLord
Sun Nov 12, 2017 12:42 pm
Forum: Investing - Help with Personal Investments
Topic: How do you project the amount you will have to spend annually in retirement?
Replies: 76
Views: 4138

Re: How do you project the amount of income you will have in retirement?

In agreement with other posters one should consider that the process is to project desired retirement spending and see if one will have the resources to support that spending. While some resources such as SS or a pension are income, a portfolio is not directly a source of income. It is a reservoir ...
by TheTimeLord
Sun Nov 12, 2017 12:29 pm
Forum: Investing - Help with Personal Investments
Topic: How do you project the amount you will have to spend annually in retirement?
Replies: 76
Views: 4138

Re: How do you project the amount of income you will have in retirement?

4% rule of the investment portfolio is our income, no pension, not count social security , not count credit card signup bonuses, etc. Interesting. I understand why you would do this but for me that would present a true dilemma. Since I place a far higher value on the early retirement years before I...
by TheTimeLord
Sun Nov 12, 2017 12:18 pm
Forum: Personal Finance (Not Investing)
Topic: Why NOT make more money?
Replies: 162
Views: 13277

Re: Why NOT make more money?

I think I have the actually answer to this question. Those who think why not make more money more clearly see the possibilities provided to them by the additional money. Those who think why make more money more clearly see the possibilities provided to them by the additional time. That is to say th...
by TheTimeLord
Sun Nov 12, 2017 12:12 pm
Forum: Investing - Help with Personal Investments
Topic: How do you project the amount you will have to spend annually in retirement?
Replies: 76
Views: 4138

Re: How do you project the amount of income you will have in retirement?

In agreement with other posters one should consider that the process is to project desired retirement spending and see if one will have the resources to support that spending. While some resources such as SS or a pension are income, a portfolio is not directly a source of income. It is a reservoir ...
by TheTimeLord
Sun Nov 12, 2017 11:57 am
Forum: Investing - Help with Personal Investments
Topic: How do you project the amount you will have to spend annually in retirement?
Replies: 76
Views: 4138

Re: How do you project the amount of income you will have in retirement?

In agreement with other posters one should consider that the process is to project desired retirement spending and see if one will have the resources to support that spending. While some resources such as SS or a pension are income, a portfolio is not directly a source of income. It is a reservoir ...
by TheTimeLord
Sun Nov 12, 2017 10:47 am
Forum: Investing - Help with Personal Investments
Topic: How do you project the amount you will have to spend annually in retirement?
Replies: 76
Views: 4138

How do you project the amount you will have to spend annually in retirement?

How do you project the amount of income you will have in retirement? I use what I consider a fairly simple spreadsheet I created and validate the numbers it produces are reasonable using FireCalc and I-ORP. I don't use Firecalc or I-Orp exclusively because I have a couple custom scenarios built it t...
by TheTimeLord
Sun Nov 12, 2017 10:05 am
Forum: Investing - Theory, News & General
Topic: Fidelity 10X Retirement Rule - - Valid???
Replies: 46
Views: 2954

Re: Fidelity 10X Retirement Rule - - Valid???

10X is a terrible rule of thumb. Ok, people tend to know their income better than their expenses. But those of us who are retired understand that expenses is the more important number for forecasting retirement readiness. Fidelity should encourage people to understand their expenses better. So at a...
by TheTimeLord
Sun Nov 12, 2017 9:59 am
Forum: Investing - Theory, News & General
Topic: Fidelity 10X Retirement Rule - - Valid???
Replies: 46
Views: 2954

Re: Fidelity 10X Retirement Rule - - Valid???

It is a perfectly fine rule of thumb, as plenty of empirical research has repeatedly shown. I think the Expenses Brigade always has a knee jerk reaction to this that they don't have for many other topics and I don't understand the religious fervor. If someone saves 10 years of salary by the time th...
by TheTimeLord
Sat Nov 11, 2017 7:58 pm
Forum: Investing - Theory, News & General
Topic: Should you own only non-U.S. stocks?
Replies: 63
Views: 6101

Re: Should you own only non-U.S. stocks?

Tycoon wrote:
Sat Nov 11, 2017 3:14 pm
No, I shouldn't own only non-U.S. stocks.
I agree, I have no interest in owning only International equities.