Search found 1716 matches
- Tue Mar 26, 2024 7:27 pm
- Forum: Personal Finance (Not Investing)
- Topic: Social Security Break-Even Calculator That Includes Opportunity Cost of Waiting?
- Replies: 16
- Views: 1503
Re: Social Security Break-Even Calculator That Includes Opportunity Cost of Waiting?
Thus far, all the Social Security break even calculators I've seen only factor in the amount of the benefit when calculating the break-even date. It seems obvious to me that while the benefit increases substantially when one waits to collect, there is nonetheless an opportunity cost in terms of the money that is withdrawn from one's portfolio while waiting. 1. Does anyone know a calculator that factors in both calculations? 2. Is this reasonable to consider? I thought for sure I remembered a discussion about this and someone had whipped up a spread sheet(#Cruncher?) that allowed some calculation around this topic. I did not find it by searching, though. Perhaps someone will remember it and find the link. I think it is reasonable to conside...
- Tue Mar 26, 2024 12:50 pm
- Forum: Personal Finance (Not Investing)
- Topic: 20-30X income, is that the "retirement rut"?
- Replies: 132
- Views: 20442
Re: 20-30X income, is that the "retirement rut"?
Say you are in your 40s with a $100,000 salary with a NW of $2,000,000 or 20x Income to NW ratio You are not quite motivated to work harder in your career (e.g. staying in the office until 8pm) because your investments daily fluctuations is more than your salary. You are comfortable enough to give your boss/upper management the middle finger if he pulls a fast one on you. However, you are not quite ready to retire early yet as in today's economy, $2million doesn't carry your that far, especially in HCOL cities like NY or SF. Is that a career to retirement "rut"? I pretty much lived this, except I was in my early 50's (53,54). I had been at the same job at the same company for 25 years. The last few years the company was in declin...
- Tue Mar 26, 2024 8:38 am
- Forum: Investing - Theory, News & General
- Topic: It is really that simple to do it the Bogleheads way?
- Replies: 87
- Views: 8166
Re: It is really that simple to do it the Bogleheads way?
I think there are a fair amount of people that are 90% passive and 5 to 10 percent active, with individual stocks and other investments. You will see "fun money" posts on the forum, which allude to allocating a portion of the portfolio to going their own way. I myself have gone from owning a basket of stocks comprising around 10% of my portfolio down to just one stock. Just don't care to worry about individual stocks anymore.
- Tue Mar 26, 2024 8:17 am
- Forum: Personal Consumer Issues
- Topic: Improving the sound from t.v.
- Replies: 29
- Views: 1755
Re: Improving the sound from t.v.
I would imagine all the sound is greatly improved. Good on you and the PM person on finding a good solution.AAA wrote: ↑Tue Mar 26, 2024 7:59 am I'm updating this thread with what I ended up doing, with the help of someone who preferred to communicate in private messages.
Basically I took some components from a rarely used stereo system - the receiver and two 16" tall speakers. As my t.v. only has optical audio output I am still using the Panlong PL-DTAD decoder that provides L and R outputs for RCA cables which I feed into the Tape input on the receiver. The clarity of dialogue is greatly improved over what the t.v. speakers provide.
- Mon Mar 25, 2024 8:19 am
- Forum: Personal Investments
- Topic: Please help me organize the fixed income part of my portfolio
- Replies: 130
- Views: 8258
Re: Please hep me organise the fixed income part of my portfolio
Bond funds are available in a wide range of durations, so I don't know why you have a constant 7 years as the required investment horizon. But that applies to assets where you are spending principal. For bond assets that are generating income via interest, a short duration bond fund or money market is exposed to the risk of a considerable drop in interest rates and concomitant falloff in income. This could lead to spending principal whereas a somewhat longer duration would have provided for stability of income. There have always been at least a couple of schools of thought on this, at least on this forum. 1. Bond funds are just another investment that produces "returns". In times when yield curves are not inverted and yields aren...
- Sun Mar 24, 2024 9:34 am
- Forum: Personal Investments
- Topic: Please help me organize the fixed income part of my portfolio
- Replies: 130
- Views: 8258
Re: Please hep me organise the fixed income part of my portfolio
What's your opinion? That investing decisions that include recency bias and emotion need to be made very carefully. OP, as you learn more, reread the post bonesly made. (I definitely don’t have enough knowledge to add anything “real”) This then gets back to the core of WHY ARE YOU INVESTING IN BOND FUND? You want to put your principal at risk? take that risk in equities. If you are considering bond funds for safety (they are NOT SAFE!!), be prepared for another double digit drop. As happened between Jan-2024 and Feb-2024 (NOTHING REALLY!), simply being thwarted of expectations of a rate cut can decimate your bond fund. It is like a petulant child that throws tantrums just because he/she did not get the cookie that's expected. And it is not...
- Sun Mar 24, 2024 8:27 am
- Forum: Personal Consumer Issues
- Topic: Improving the sound from t.v.
- Replies: 29
- Views: 1755
Re: Improving the sound from t.v.
They also talk about soundbars some and there is a linked article for best soundbars under $200.
https://www.cnet.com/tech/home-entertai ... under-200/
- Sun Mar 24, 2024 8:10 am
- Forum: Personal Consumer Issues
- Topic: Improving the sound from t.v.
- Replies: 29
- Views: 1755
Re: Improving the sound from t.v.
Have you read this article?
https://www.cnet.com/tech/home-entertai ... n-your-tv/
The part I was thinking about is if there might be a sound setting on your TV that would help you but the whole article is geared to your problem of not hearing dialogue well.
I have a sound bar. I used to have my stereo receiver connected to speakers but my wife got tired of the speakers. The sound bar isn't as good but is better than just the TV speakers.
https://www.cnet.com/tech/home-entertai ... n-your-tv/
The part I was thinking about is if there might be a sound setting on your TV that would help you but the whole article is geared to your problem of not hearing dialogue well.
I have a sound bar. I used to have my stereo receiver connected to speakers but my wife got tired of the speakers. The sound bar isn't as good but is better than just the TV speakers.
- Sat Mar 23, 2024 8:09 am
- Forum: Investing - Theory, News & General
- Topic: It is really that simple to do it the Bogleheads way?
- Replies: 87
- Views: 8166
Re: It is really that simple to do it the Bogleheads way?
And you can be sure that if they have success stories about some stocks they also have some horror stories hidden in the closet.TomatoTomahto wrote: ↑Sat Mar 23, 2024 7:54 am I have to ignore people’s success stories with individual stocks, but that’s no more difficult than ignoring stories about gambling wins, dating successes, etc.
The phrase up thread that said it best was it is simple but not easy. Everyone wants to tinker or go with the flavor of the day and can't leave well enough alone.
- Fri Mar 22, 2024 1:37 pm
- Forum: Personal Finance (Not Investing)
- Topic: Controling Assets From the Grave
- Replies: 31
- Views: 3635
Re: Controling Assets From the Grave
Do you trust the final recipients to use the money as needed to care for your spouse? If you did, a simple solution would be to just leave that portion of the estate to them. That is of course not enforceable. I suspect there is a way to accomplish what you want, but it probably won't be simple, requiring someone to administer the trust.
- Fri Mar 22, 2024 1:29 pm
- Forum: Investing - Theory, News & General
- Topic: Cash accumulator pathology
- Replies: 24
- Views: 2484
Re: Cash accumulator pathology
You're playing the losers game.PhinanceMD wrote: ↑Fri Mar 22, 2024 12:27 pm I'm a cash accumulator who believes he can time the market,
https://www.amazon.com/Winning-Losers-G ... author_mpb
With a large net worth, it's hard to really lose, so there is that. I would set things up to invest automatically, twice a month. Autodraft from your checking account to your investment accounts.PhinanceMD wrote: ↑Fri Mar 22, 2024 12:27 pm Overall, I'm moderate risk 4M net wealth no debt, young family, at 41yo, my desired asset allocation is 60/30/10 (stocks/bonds/cash). I currently sit at 13% cash. I've heard of band asset rebalancing, open to any suggestions..
- Wed Mar 20, 2024 9:12 am
- Forum: Forum Issues and Administration
- Topic: Rule Against Disparaging a Post or Question?
- Replies: 68
- Views: 6422
Re: Rule Against Disparaging a Post or Question?
You're welcome. I have threads that are my own personal Kryptonite. I have to remember my own advice above sometimes. It's hard not to be grumpy old man at times.
- Wed Mar 20, 2024 8:43 am
- Forum: Forum Issues and Administration
- Topic: Rule Against Disparaging a Post or Question?
- Replies: 68
- Views: 6422
Re: Rule Against Disparaging a Post or Question?
I think people need to remember if a topic irritates them for any reason they have the option not to read or reply to it. If you can't bear reading another SS claiming thread, then don't.
- Tue Mar 19, 2024 10:43 am
- Forum: Personal Consumer Issues
- Topic: 40 Minutes to Connect in DFW
- Replies: 61
- Views: 4655
Re: 40 Minutes to Connect in DFW
40 minutes will be tight. Skylink is your friend:
https://www.dfwairport.com/explore/plan/connect/Skylink is a free light rail train that connects all five terminals and is the shortest route to your stop while inside of security.
Operates 24 hours a day
Trains arrive every two minutes
Average ride time of five minutes
Maximum ride time of nine minutes between farthest points
Easy access to shops and restaurants in other terminals
No ticket or pass needed
- Tue Mar 19, 2024 7:59 am
- Forum: Non-US Investing
- Topic: Courage to Invest in Equities
- Replies: 57
- Views: 4506
Re: Courage to Invest in Equities
Bull markets climb a wall of worry; bear markets slide down a river of hope. The market is at an all time high often.
Since the 1950s, the index has posted over 1,200 new highs, averaging more than 17 new highs per year — more than one in every 20 trading days. It's also reached multiple new highs in every decade since the 1950s, typically surpassing its previous peak more than 100 times each decade.
- Sat Mar 16, 2024 9:54 am
- Forum: Personal Investments
- Topic: Cash or CD's Instead of Bond Funds
- Replies: 61
- Views: 5678
Re: Cash or CD's Instead of Bond Funds
Yes, which I did not do. But having gone through one of the worst periods for bonds in history, I'm not going to quit playing this game now.ruralavalon wrote: ↑Sat Mar 16, 2024 9:42 amThe time to swear off bond funds was before the rate hikes, not after.
- Sat Mar 16, 2024 9:02 am
- Forum: Personal Investments
- Topic: Cash or CD's Instead of Bond Funds
- Replies: 61
- Views: 5678
Re: Cash or CD's Instead of Bond Funds
Or $12, we will roll a dice or use a random number generator to see. I'm starting to like this game we are inventing.
- Sat Mar 16, 2024 8:52 am
- Forum: Personal Investments
- Topic: Cash or CD's Instead of Bond Funds
- Replies: 61
- Views: 5678
Re: Cash or CD's Instead of Bond Funds
I am completely soured on bond funds, and decided to NEVER INVEST A PENNY MORE in any bond fund going forward. For me, I won't say NEVER, but I'll be very wary. People need to quit taking the drop in bonds personally. Rates went up, bonds went down. Now we are being compensated with better dividends. My prediction is in a few years people will be complaining about the lack of returns from their stack of CD's. Let me make an offer to you. Give me $100, I will pay you $6 every year, and at the end of 7 years I will return something other than $100. It will not be $0, it will not be $100, it depends on my fancy and mood at that time. Sounds like a deal? Take the emotions out of it. You are looking for better dividends right? I am offering the...
- Sat Mar 16, 2024 7:56 am
- Forum: Personal Investments
- Topic: Cash or CD's Instead of Bond Funds
- Replies: 61
- Views: 5678
Re: Cash or CD's Instead of Bond Funds
People need to quit taking the drop in bonds personally. Rates went up, bonds went down. Now we are being compensated with better dividends. My prediction is in a few years people will be complaining about the lack of returns from their stack of CD's.
- Fri Mar 15, 2024 7:19 am
- Forum: Personal Finance (Not Investing)
- Topic: How much should I leave to nieces/nephews vs. siblings vs. charity I'm passionate about?
- Replies: 66
- Views: 5587
Re: How much should I leave to nieces/nephews vs. siblings vs. charity I'm passionate about?
Or do it now. 15,000 in 20+ years is not nearly as useful as 10k now, to that 20 something year old. And you will be alive to see if they spent it usefully.Gradient Descent wrote: ↑Thu Mar 14, 2024 9:24 pm It could be a very long time before you die. That token amount for nieces/nephews now in their 20s/30s could end up going to 50/60-something year olds themselves.
If you are only considering token amounts anyway, I just wouldn’t bother.
- Thu Mar 14, 2024 9:38 pm
- Forum: Personal Finance (Not Investing)
- Topic: The best game-changing financial advice you ever received (or "discovered")
- Replies: 219
- Views: 25583
Re: The best game-changing financial advice you ever received (or "discovered")
Few things in life are expensive as divorce. A bad marriage is one.
- Thu Mar 14, 2024 9:25 pm
- Forum: Investing - Theory, News & General
- Topic: 5M, probably enough to retire to a frugal lifestyle
- Replies: 180
- Views: 15728
Re: 5M, probably enough to retire to a frugal lifestyle
Love it! I've been listening to Warren's version of Steve Winewood's Back in the High Life. Seems to fit this thread, somehow.TheTimeLord wrote: ↑Thu Mar 14, 2024 7:50 pmAlso the words of Warren Zevon "There's a train leavin' nightly called "When All is Said and Done"".
https://www.youtube.com/watch?v=xgs6eLCaN9s
- Thu Mar 14, 2024 7:39 pm
- Forum: Investing - Theory, News & General
- Topic: 5M, probably enough to retire to a frugal lifestyle
- Replies: 180
- Views: 15728
Re: 5M, probably enough to retire to a frugal lifestyle
in the words of Warren Zevon, sung by Linda Ronstadt, "poor, poor, pitiful me". I only have 1.5 million to live on. I feel like I'm a step ahead of frugal.
- Sun Mar 10, 2024 9:09 am
- Forum: Personal Finance (Not Investing)
- Topic: At what point did you prioritize health over money?
- Replies: 65
- Views: 8592
Re: At what point did you prioritize health over money?
I never felt it was a choice of health or money. For me it was healthy or unhealthy. Did I want to smoke or not smoke? I finally chose to not smoke. Did I want to be really over weight, or just a little? (or not at all, but for me it appears a little is more realistic). At some point I understood that taking care of myself was more important than not. It started to look like the old saying of "if I'd known I was going to live this long, I'd have taken better care of myself" was coming true.
- Sat Mar 09, 2024 10:12 am
- Forum: Personal Consumer Issues
- Topic: [Visiting Mackinac Island, Michigan with a small child]
- Replies: 19
- Views: 1514
Re: Mackinac Island, Michigan
You can take a horse and carriage ride to sightsee. A 1 year old is generally ambivalent to their surroundings. The island won't be much different. Keep the child fed and rested and hope for good weather.
- Fri Mar 08, 2024 9:03 am
- Forum: Personal Investments
- Topic: 16 yr old - how can I best take on high risk?
- Replies: 65
- Views: 5610
Re: 16 yr old - how can I best take on high risk?
There was a whole thread on this option, PSLDX:
viewtopic.php?t=305950
I put some money into this that is earmarked for my heirs. They don't know they are taking on more risk, but hopefully it will be worth it.
viewtopic.php?t=305950
I put some money into this that is earmarked for my heirs. They don't know they are taking on more risk, but hopefully it will be worth it.
- Thu Mar 07, 2024 9:30 am
- Forum: Investing - Theory, News & General
- Topic: Age 60+ AND retired? What's your asset allocation? What type of bonds/Fixed Inc instruments do you use?
- Replies: 63
- Views: 10030
Re: Age 60+ AND retired? What's your asset allocation? What type of bonds/Fixed Inc instruments do you use?
1. 63/62 60/35/5 (5% cash)
2. Intermediate bond fund, AGG. I used to have TIPs but simplified out of them around 2019.
3. AGG 100%. I have some CD's in my cash allocation.
I would say the most interesting thing is I never thought I would be as conservative as 60/40, but when the job went away I became more risk adverse.
2. Intermediate bond fund, AGG. I used to have TIPs but simplified out of them around 2019.
3. AGG 100%. I have some CD's in my cash allocation.
I would say the most interesting thing is I never thought I would be as conservative as 60/40, but when the job went away I became more risk adverse.
- Thu Mar 07, 2024 7:48 am
- Forum: Personal Finance (Not Investing)
- Topic: How do you deal with online misinformation?
- Replies: 28
- Views: 1782
Re: How do you deal with online misinformation?
I believe in Darwinism. People who are smart enough will soon find out the advice is bad and the others won't believe you anyway.
- Fri Mar 01, 2024 7:57 am
- Forum: Investing - Theory, News & General
- Topic: Retirees: at what age...?
- Replies: 48
- Views: 5260
- Thu Feb 29, 2024 10:13 pm
- Forum: Personal Investments
- Topic: HSA question
- Replies: 11
- Views: 1620
Re: HSA question
I wonder if she has an HRA? The fact she can carry over $500 makes me think HRA.
https://www.metlife.com/stories/benefits/hra-vs-hsa/
- Thu Feb 29, 2024 4:02 pm
- Forum: Investing - Theory, News & General
- Topic: Retirees: at what age...?
- Replies: 48
- Views: 5260
Re: Retirees: at what age...?
Shackles, I have a few.
But then again, too few to mention. - With apologies to ol blue eyes
My biggest shackle is the ACA subsidy and Roth rollovers and keeping the agi under 55,000. Luckily I'm able to spend some after tax money. I feel like the shackles will really come off in two years when we are on Medicare and don't have to worry about ACA.
But then again, too few to mention. - With apologies to ol blue eyes
My biggest shackle is the ACA subsidy and Roth rollovers and keeping the agi under 55,000. Luckily I'm able to spend some after tax money. I feel like the shackles will really come off in two years when we are on Medicare and don't have to worry about ACA.
- Tue Feb 27, 2024 11:00 am
- Forum: Personal Finance (Not Investing)
- Topic: HSA Contribution
- Replies: 13
- Views: 1730
Re: HSA Contribution
I found two useful IRS publications for anyone interested in this topic. I'll document them here on the off chance a forum search turns up this thread.
https://www.irs.gov/pub/irs-pdf/p4942.pdf
https://www.irs.gov/pub/irs-pdf/p969.pdf
https://www.irs.gov/pub/irs-pdf/p4942.pdf
https://www.irs.gov/pub/irs-pdf/p969.pdf
- Mon Feb 26, 2024 4:50 pm
- Forum: Personal Finance (Not Investing)
- Topic: HSA Contribution
- Replies: 13
- Views: 1730
Re: HSA Contribution
This was the crux of the question that I was intending to ask. So IF I have a qualifying plan I could put money in and reduce my AGI?
And, I thank the other posters for trying to ensure I had a qualifying plan. As I said, I had assumed it was a qualifying but now I'm not sure and I'm leaning towards no.
- Mon Feb 26, 2024 2:41 pm
- Forum: Personal Finance (Not Investing)
- Topic: HSA Contribution
- Replies: 13
- Views: 1730
Re: HSA Contribution
The deductible would qualify for 2023, as long as the plan provides no coverage under the deductible. So be sure there are no co-pays or $25 Dr. visits or anything like that. Generally a plan that is HSA qualified will have "HSA" in the plan name. If yours doesn't then you should probably assume that there is some disqualifying feature unless you are certain there is not. Thanks for the feedback. I had assumed (making an ass out of me) it was a HDHP but I can't find anything in the plan documents that says that. I guess I've been ok because I haven't made any new contributions since I left my job. I guess to be safe I shouldn't put anything in for 2023 and make sure to get a qualifying plan next open enrollment. To the person tha...
- Mon Feb 26, 2024 10:04 am
- Forum: Personal Finance (Not Investing)
- Topic: HSA Contribution
- Replies: 13
- Views: 1730
Re: HSA Contribution
It is actually 1500/3000. It is BSW Premier HMO.
No, not on Medicare.
I believe it is.
- Sun Feb 25, 2024 5:19 pm
- Forum: Personal Finance (Not Investing)
- Topic: HSA Contribution
- Replies: 13
- Views: 1730
HSA Contribution
So my wife and I are both 62 and retired. We had no earned income other than capital gains, dividends, interest and IRA to Roth rollovers. Can I contribute some of the dividends and interest into our HSA to lower our AGI? We ended up with a little higher income than I expected and losing $4850 of AGI would help but wanted to make sure it is allowed.
- Tue Feb 20, 2024 8:04 am
- Forum: Personal Investments
- Topic: Help me understand my Fidelity 401(k) plan fees
- Replies: 8
- Views: 1127
Re: Help me understand my Fidelity 401(k) plan fees
I think its a bad idea. You have money in an IRA with no restrictions, why subject it to the whims of the 401k plan coordinator? If you want it at Fidelity just roll it into an IRA there.
- Mon Feb 19, 2024 4:20 pm
- Forum: Personal Investments
- Topic: Is it Too Late to Invest in VTI?
- Replies: 130
- Views: 20961
Re: Is it Too Late to Invest in VTI?
Most of the people on this forum are investing 6 or 7 figures in VTI every day that they don't sell. Maybe Bill Gates. He is not talking about new investment he is talking about the investment you already have. Basically not selling is like buying everyday from a practical perspective because you are deciding to hold $X of that investment. I know, just having a little fun based on the way it was worded. :happy Its not the first time I've been accused of making things confusing. TheTimeLord has my meaning correct. There is no difference between someone making an initial investment or additional investment in something or holding that amount. You "buy" your portfolio every day that you don't sell it. And 6 figures could be $1,000.00
- Mon Feb 19, 2024 10:12 am
- Forum: Personal Investments
- Topic: Is it Too Late to Invest in VTI?
- Replies: 130
- Views: 20961
Re: Is it Too Late to Invest in VTI?
Most of the people on this forum are investing 6 or 7 figures in VTI every day that they don't sell.
- Thu Feb 08, 2024 8:38 am
- Forum: US Chapters
- Topic: Are any BH's not wealthy?
- Replies: 165
- Views: 26455
Re: Are any BH's not wealthy?
This is an interesting perspective that has been highlighted for me over the past week. Spending 2 weeks in Mazatlán Mexico with my sister in law who is still working and 66. My wife and I are 62 and have been retired two years. My sister in law has:
A life coach.
a naturopath
a stylist
a therapist
We have a paid off house.
Who is wealthy? Some will pick A, some will pick B.
- Sat Feb 03, 2024 9:45 am
- Forum: Personal Investments
- Topic: Do Bogleheads "Buy the Dip"?
- Replies: 136
- Views: 12782
Re: Do index investors "Buy the Dip"?
We feel good when we can buy something on sale, provided we can muster the courage to actually act when things are going poorly. But if we really hold cash, for say 3 or 4 years while waiting for the sale, we will likely find that our sale price is more than the entry point would have been 3 or 4 years ago.
- Thu Feb 01, 2024 8:27 am
- Forum: Personal Consumer Issues
- Topic: How do you retire when you love your work?
- Replies: 163
- Views: 13208
Re: How do you retire when you love your work?
The surgeon that replaced my knee was 70, looked 60, and I had a wonderful result. I'm glad he didn't fire. OP, it's your life. Don't retire until you are ready.Artful Dodger wrote: ↑Thu Jan 25, 2024 10:19 am I’ll go a step further and applaud you for staying in your career, following your Hippocratic oath, and benefiting others. You put a lot of time into your medical education and I think it’s great you continue finding your work rewarding.
You’re still young. Possibly you can find some ways to introduce a little more flexibility into your career and take a little more time off.
- Thu Feb 01, 2024 8:20 am
- Forum: Investing - Theory, News & General
- Topic: Asset allocation strategy
- Replies: 37
- Views: 3806
Re: Asset allocation strategy
60% equities and about 40% fixed income. It has not changed since a few years before we retired and will not change going forward. I chose about 60% equities because I can compare portfolio performance to many 60/40 target risk funds. I check the portfolio composition as described in this thread: https://www.bogleheads.org/forum/viewtopic.php?t=150267 Of course, what I do is personal to me and should not affect what you decide to do for yourself. Others may come along shortly and describe Larry Swedroe's "ability, willingness, and need to take risk." Now that I'm retired, I evaluated my need, ability and willingness to take risk and I also landed on 60/40 (actually 60/30/10). Early 40s, retired. 80-90% equities and 8-10 years of ...
- Wed Jan 31, 2024 4:50 pm
- Forum: Personal Finance (Not Investing)
- Topic: Concerned my elderly parents are spending too much of retirement portfolio
- Replies: 69
- Views: 10569
Re: Concerned my elderly parents are spending too much of retirement portfolio
Appreciate all the advice - what I hear is 1) I shouldn’t be worried about portfolio depleting by current spending levels but 2) I should be concerned about absolute spending levels as they seem high for no go years. Thinking about #2 above a little more and my role - it’s not what my mom asked for help with and any spending investigation wouldn’t be welcomed. Another view is my Dad as a cardiologist worked his ass off until 75, built a healthy sized nest egg and I don’t have any business digging into it unless asked. I don’t have any evidence of fraud and think their spending has been around 200k per year over last decade. Is this really “none of my damned business”? Appreciate any perspective from more senior members of forum on this You...
- Wed Jan 31, 2024 4:41 pm
- Forum: Personal Finance (Not Investing)
- Topic: Concerned my elderly parents are spending too much of retirement portfolio
- Replies: 69
- Views: 10569
- Wed Jan 31, 2024 11:42 am
- Forum: Investing - Theory, News & General
- Topic: The number one reason why investors fail
- Replies: 94
- Views: 16070
Re: The number one reason why investors fail
I failed to get S&P 500 returns because:
A. I invested in the full US stock market.
B. I invested internationally 18%.
C. I had money in REITS.
Do I regret my allocation? Not really, because my crystal ball was in the repair shop. Still is, for that matter. Still, I would have been better off investing as Warren Buffet said. Guess I should have listened to the real expert.
A. I invested in the full US stock market.
B. I invested internationally 18%.
C. I had money in REITS.
Do I regret my allocation? Not really, because my crystal ball was in the repair shop. Still is, for that matter. Still, I would have been better off investing as Warren Buffet said. Guess I should have listened to the real expert.
- Mon Jan 29, 2024 3:04 pm
- Forum: Personal Consumer Issues
- Topic: Vanguard login, asked for phone # to send PIN?
- Replies: 40
- Views: 3508
Re: Vanguard - 2FA Change
It's a little hard to see below, but this the 2FA page.
"Check your phone
We sent a security code to ***-***-1234. It expires in 10 minutes.
Six-digit security code (required)
Error: Please enter a response.
Send another code
Remember me? (required)
Yes, skip security codes when you recognize me.
No, prompt me with security codes every time I log in."
There are radio buttons to select either "No, prompt me with security codes every time I log in." or
"Yes, skip security codes when you recognize me."
The No option is the default one. Is there a chance you hit the yes option inadvertently?
For what it is worth it is working normally for me.
"Check your phone
We sent a security code to ***-***-1234. It expires in 10 minutes.
Six-digit security code (required)
Error: Please enter a response.
Send another code
Remember me? (required)
Yes, skip security codes when you recognize me.
No, prompt me with security codes every time I log in."
There are radio buttons to select either "No, prompt me with security codes every time I log in." or
"Yes, skip security codes when you recognize me."
The No option is the default one. Is there a chance you hit the yes option inadvertently?
For what it is worth it is working normally for me.
- Mon Jan 29, 2024 2:13 pm
- Forum: Investing - Theory, News & General
- Topic: REITS As A Supplement to Bonds in Retirement
- Replies: 77
- Views: 8077
Re: REITS As A Supplement to Bonds in Retirement
...I often find myself puzzled where this "income" presumption comes from as it is a common one. Clearly it is conventional to label dividends and interest paid by assets as income to the portfolio, distinct from losses or gains in asset prices, but I don't understand why this is confused with the cash flow income in how a person raises funds to pay expenses outside the portfolio. It might be interesting to hear where this mix-up comes from... From before the end of fixed commissions on Mayday, May 1, 1975, I think! Yes, really. Before then, a typical brokerage commission for buying or selling stock was in the neighborhood of $150, plus an extra hidden fee of $0.50 for odd lot transactions. In general, it simply was not feasible ...
- Mon Jan 29, 2024 9:07 am
- Forum: Personal Consumer Issues
- Topic: Recommendations needed for dental insurance for someone with no dental plan
- Replies: 31
- Views: 3023
Re: Recommendations needed for dental insurance for someone with no dental plan
I visit the dentist of my choice and pay out of pocket. After trying various dental plans I found this to provide flexibility in where I visit and not more expensive when factoring in the insurance premiums I no longer pay. This is what I do. I tried some insurance but once I figured out what it really covered which appeared not to be much I was just better off on my own. My dentist has a yearly plan for out of pocketers. It is slightly less than two out of pocket cleanings and x rays and I think he will give 10% off any work needed. I've done this the last two years. All dental insurance sucks. 100% - no exceptions. Don't buy it. I did not realize this was everyone else's experience as well. Makes me feel better I'm not missing something.
- Thu Jan 25, 2024 7:27 am
- Forum: Personal Finance (Not Investing)
- Topic: Anyone wished they had worked a few more years before retiring?
- Replies: 89
- Views: 14720
Re: Anyone wished they had worked a few more years before retiring?
I didn't have nearly as good a situation or incentive to keep working as you did. I managed to make it to 2 months short of 60 before pulling the plug. If I were you, I'd try to keep working while taking some expensive trips as vacations, if that is something you are considering once retired. It's easier to do it while you have a job and can recover some of the cash. Try a fake retirement using as much vacation as you are allowed.