Search found 1583 matches

by EnjoyIt
Sun Nov 25, 2018 11:46 pm
Forum: Personal Finance (Not Investing)
Topic: Help me be confident with Roth IRA and post Tax 401k details.
Replies: 15
Views: 982

Re: Help me be confident with Roth IRA and post Tax 401k details.

Thank you all for the responses. I learned a lot. The plan will be to max the pre-tax 401k plus the company 6% match. She then has the option for an after tax 401k which she will fund and immediately convert to a Roth. Ideally there will be little to no gain and therefor little to no additional taxe...
by EnjoyIt
Mon Nov 19, 2018 2:12 pm
Forum: Personal Finance (Not Investing)
Topic: Help me be confident with Roth IRA and post Tax 401k details.
Replies: 15
Views: 982

Re: Help me be confident with Roth IRA and post Tax 401k details.

Thanks everyone. So my wife’s situation is: She has maxed her pre-tax 401k of $18,500 employee contribution and received a 6% match. She is now offered an after tax 401k possibility of up to $17k. I want to contribute $17K immediately and then roll it over to a Roth. This way she won’t have to pay a...
by EnjoyIt
Mon Nov 19, 2018 11:35 am
Forum: Personal Finance (Not Investing)
Topic: Help me be confident with Roth IRA and post Tax 401k details.
Replies: 15
Views: 982

Help me be confident with Roth IRA and post Tax 401k details.

Bogleheads, I want to make sure I understand all the details and will list everything I understand and hopefully someone can correct me if anything is wrong. I will edit my list based on corrections and maybe this list may help someone in the future as well. Thanks. 1) There is a limit of 5500 per y...
by EnjoyIt
Mon Nov 12, 2018 12:35 pm
Forum: Personal Finance (Not Investing)
Topic: At what point does a life insurance policy not make sense?
Replies: 16
Views: 1791

Re: At what point does a life insurance policy not make sense?

everything everyone said above plus Life insurance is a math problem. Here is how I calculate it. I am a believer in a 4% withdrawal rate as being relatively safe for retirement if one can make adjustments and use that belief in my math. Feel free to use your own rate if you plan differently. ((year...
by EnjoyIt
Tue Nov 06, 2018 10:01 am
Forum: Investing - Theory, News & General
Topic: Debunking Bonds in Taxable
Replies: 99
Views: 10510

Re: Debunking Bonds in Taxable

Back when yields were very low, I felt I was not sure exactly what the best answer was so I split my bonds 50/50 between taxable and tax advantaged. My taxable bonds are not actually taxable since they are in intermediate munis which after taxes yield a bit more than taxable bonds. I am glad I did t...
by EnjoyIt
Tue Nov 06, 2018 9:04 am
Forum: Personal Finance (Not Investing)
Topic: Are we in trouble?
Replies: 106
Views: 12892

Re: Are we in trouble?

As others have said, you will be ok as long as you are willing to keep up your current salary for the next 20+ years. I think a mortgage 3x salary is way too much for a family to spend if they want a comfortable retirement or want an early retirement while protecting themselves from job loss. Some t...
by EnjoyIt
Sun Oct 28, 2018 4:13 am
Forum: Investing - Help with Personal Investments
Topic: Market Timing = Dumb. But What About Retirement Timing?
Replies: 15
Views: 2377

Re: Market Timing = Dumb. But What About Retirement Timing?

People who choose to retire tend to do it during a good bull market as we recently have seen. Which means there may or may not be some sequence of return risk since after a bull you will eventually at some point get a bear. Therefor the market dictates the timing for those people. You have one of tw...
by EnjoyIt
Sun Oct 28, 2018 4:04 am
Forum: Investing - Theory, News & General
Topic: In retirement, when do you stop withdrawing from stocks in a downturn?
Replies: 141
Views: 9442

Re: In retirement, when do you stop withdrawing from stocks in a downturn?

My recent high percentage allocation to stocks was in the high 59.x% range, call it 60%. As of yesterday's close, my stocks are 56.5% of my allocation. So if a monthly withdrawal was scheduled for today it would be a slightly lower amount from stocks and slightly more from my stable value and real ...
by EnjoyIt
Sat Oct 27, 2018 10:15 am
Forum: Personal Consumer Issues
Topic: Talk me out of buying a Tesla Model 3
Replies: 318
Views: 21704

Re: Talk me out of buying a Tesla Model 3

Tesla is an awesome car for what it is. Maybe not perfect or the most reliable, but definitely an amazing piece of tech. Maybe I will own one in 5-7 years when my current car is starting to get old and less reliable. There is a subset of Tesla owners who are brainwashed fan boys who ignore all bad a...
by EnjoyIt
Sat Oct 27, 2018 5:40 am
Forum: Investing - Theory, News & General
Topic: Why I'm 100% stocks
Replies: 149
Views: 17396

Re: Why I'm 100% stocks

Being 100% stocks is not what concerns me in your post. Having no EF does concern me. I have said before those who are 100% equities should have an AMPLE EF (my opinion 1-2 years worth). That, of course, leads to the usual discussion of mental accounting and that one is NOT 100% stocks then. I woul...
by EnjoyIt
Mon Oct 22, 2018 1:11 am
Forum: Investing - Theory, News & General
Topic: Rich, Broke or Dead: Visualizing probabilities of outcomes in early retirement
Replies: 136
Views: 18035

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

That's why Jim Dahle, the White Coat Investor, advocates for a 'twenties fund'. He says that it's in your twenties when you most often need money the most. Absolutely. That's when money makes the most difference - making it possible to get the right education, settle down, start a family, avoid deb...
by EnjoyIt
Fri Oct 19, 2018 11:27 pm
Forum: Investing - Theory, News & General
Topic: Rich, Broke or Dead: Visualizing probabilities of outcomes in early retirement
Replies: 136
Views: 18035

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

Thanks for further insight into the book, but my feeling remains that the argument "against give kids money to support a lifestyle that will implode if the gifts stop" is easy to use as a rationalization, by readers or people in general, for "it's better if I keep my money for myself". JackoC, I th...
by EnjoyIt
Fri Oct 19, 2018 10:46 pm
Forum: Investing - Theory, News & General
Topic: The End of Indexing?
Replies: 33
Views: 4285

Re: The End of Indexing?

delamer wrote:
Fri Oct 19, 2018 9:54 pm
If “acceptable results” is matching the market return — which is the aim of indexing — then nothing has changed.
What a simple, to the point and perfect response.
by EnjoyIt
Thu Oct 18, 2018 3:16 pm
Forum: Investing - Help with Personal Investments
Topic: BofA/Merrill Edge or Chase Sapphire Banking/CPC?
Replies: 59
Views: 6228

Re: BofA/Merrill Edge or Chase Sapphire Banking/CPC?

I am a Chase Private Client and hooked into their ecosystem. I have multiples of their credit cards since I live near a United hub and fly united often. The chase eco-system works very well for us. Chase Sapphire Reserve card for all travel and restaurants plus lounge access. 3 points Chase Ink for ...
by EnjoyIt
Wed Oct 17, 2018 4:15 pm
Forum: Investing - Theory, News & General
Topic: Rich, Broke or Dead: Visualizing probabilities of outcomes in early retirement
Replies: 136
Views: 18035

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

Not projecting this onto you personally but this argument from 'The Millionaire Next Door' (never read it, don't intend to, I rely on your characterization) gives a whiff to me of rationalizing not giving away money. Many of the millionaires held out as good examples in The Millionaire Next Door ar...
by EnjoyIt
Tue Oct 16, 2018 11:49 am
Forum: Investing - Theory, News & General
Topic: Rich, Broke or Dead: Visualizing probabilities of outcomes in early retirement
Replies: 136
Views: 18035

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

Money makes a lot more of a difference early on in life. Helping my kids with their college education and having the resources to start a family (home, etc.) is a lot more beneficial to them than giving them money when they're middle aged. In particular, if you look at HCOL areas, it's extremely ha...
by EnjoyIt
Mon Oct 15, 2018 7:53 pm
Forum: Investing - Theory, News & General
Topic: Rich, Broke or Dead: Visualizing probabilities of outcomes in early retirement
Replies: 136
Views: 18035

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

It seems like WHEN you give money to your children matters alot in the concerns that some people have about reducing their motivation. If as teenagers they know that they will receive money, that is very different from getting money later in life after they have become hopefully self-sufficient. Ho...
by EnjoyIt
Mon Oct 15, 2018 7:47 pm
Forum: Personal Consumer Issues
Topic: Boglehead's Car Talk
Replies: 35
Views: 3471

Re: Boglehead's Car Talk

Perhaps that's how they became millionaires. :mrgreen: I did the math a few years back about the difference between buying a new fancy car every 3 years for him and her vs holding unto a not so fancy cars for 10 years. Taking that cash and investing it over 30 years comes out to about $750k in toda...
by EnjoyIt
Mon Oct 15, 2018 3:16 pm
Forum: Personal Finance (Not Investing)
Topic: Kids and Money
Replies: 38
Views: 1888

Re: Kids and Money

If you are fortunate enough to have an upscale lifestyle and don't want your kids to think that it is as effortless and automatic as the sunrise, then you will need to show them - once they are older, not as babies! - that it is the result of effort. The best way to do this is to involve them in th...
by EnjoyIt
Mon Oct 15, 2018 3:08 pm
Forum: Personal Finance (Not Investing)
Topic: Kids and Money
Replies: 38
Views: 1888

Re: Kids and Money

It is well known now through research and common sense that the children of the rich will do far better in life than the rest. Without actually giving them cash or a house or something, you will be spending money in ways that are meant to ensure their relatively higher standard of living in adultho...
by EnjoyIt
Mon Oct 15, 2018 3:00 pm
Forum: Personal Consumer Issues
Topic: Boglehead's Car Talk
Replies: 35
Views: 3471

Re: Boglehead's Car Talk

Life is too short to drive boring cars. Oh, I dunno. Lots of millionaires drive boring cars like Honda Accords and Toyota Camrys. ;) Perhaps that's how they became millionaires. :mrgreen: I did the math a few years back about the difference between buying a new fancy car every 3 years for him and h...
by EnjoyIt
Mon Oct 15, 2018 2:42 pm
Forum: Personal Finance (Not Investing)
Topic: Kids and Money
Replies: 38
Views: 1888

Re: Kids and Money

It is well known now through research and common sense that the children of the rich will do far better in life than the rest. Without actually giving them cash or a house or something, you will be spending money in ways that are meant to ensure their relatively higher standard of living in adultho...
by EnjoyIt
Mon Oct 15, 2018 2:26 pm
Forum: Personal Consumer Issues
Topic: Boglehead's Car Talk
Replies: 35
Views: 3471

Re: Boglehead's Car Talk

Life is too short to drive boring cars. Oh, I dunno. Lots of millionaires drive boring cars like Honda Accords and Toyota Camrys. ;) Perhaps that's how they became millionaires. :mrgreen: I did the math a few years back about the difference between buying a new fancy car every 3 years for him and h...
by EnjoyIt
Sun Oct 14, 2018 5:04 pm
Forum: Personal Consumer Issues
Topic: $34k Volt vs $54k Model 3?--help me decide??
Replies: 114
Views: 11732

Re: $34k Volt vs $54k Model 3?--help me decide??

There is a huge cult following for Tesla that refuses to hear or accept anything bad about the vehicle. I am also thrilled how Tesla has pushed the market for electric cars but I refuse to be an early adopter of such expensive tech. $45k-55k is way too much unnecessary risk. My current German car is...
by EnjoyIt
Sun Oct 14, 2018 4:08 pm
Forum: Personal Finance (Not Investing)
Topic: “$1000/month job is worth $300k in retirement funds” // What are some retirement jobs you would actually enjoy doing?
Replies: 103
Views: 9953

Re: “$1000/month job is worth $300k in retirement funds” // What are some retirement jobs you would actually enjoy doing

Amateur poker player. I am pretty sure I can make some decent cash playing part time a few days a week. I can make a few thousand a year churning credit cards, bank accounts and investment accounts. I can make a little extra cash in those high yield checking accounts that have strict requirements. ...
by EnjoyIt
Sun Oct 14, 2018 4:03 pm
Forum: Personal Finance (Not Investing)
Topic: “$1000/month job is worth $300k in retirement funds” // What are some retirement jobs you would actually enjoy doing?
Replies: 103
Views: 9953

Re: “$1000/month job is worth $300k in retirement funds” // What are some retirement jobs you would actually enjoy doing

Amateur poker player. I am pretty sure I can make some decent cash playing part time a few days a week. I can make a few thousand a year churning credit cards, bank accounts and investment accounts. I can make a little extra cash in those high yield checking accounts that have strict requirements. I...
by EnjoyIt
Thu Oct 11, 2018 3:24 am
Forum: Investing - Help with Personal Investments
Topic: What did you buy today
Replies: 111
Views: 8474

Re: What did you buy today

I went part time today and bought myself time.
by EnjoyIt
Tue Oct 09, 2018 2:21 am
Forum: Investing - Help with Personal Investments
Topic: Evaluate net worth - FIRE really that close?
Replies: 56
Views: 7834

Re: Evaluate net worth - FIRE really that close?

Ron Scott, I feel a little bad for you with regards to your financial insecurity. It’s sad to think that your only answer is to work more. I guess if working is the best thing in your life then congrats on having that ideal job. For the rest of us, we will take all the data we have and make a decisi...
by EnjoyIt
Tue Oct 09, 2018 1:42 am
Forum: Personal Consumer Issues
Topic: Talk me out of buying a Tesla Model 3
Replies: 318
Views: 21704

Re: Talk me out of buying a Tesla Model 3

I am a car guy. I love cars and enjoy taking them to the track. I get the desire for speed but think jumping into a $75K car is adding significant lifestyle creep on one of the worst expenses that can affect wealth building. $75k is half a year’s salary. More if you consider taxes. Follow your previ...
by EnjoyIt
Mon Oct 08, 2018 10:28 am
Forum: Personal Consumer Issues
Topic: What purchase saved you the most money?
Replies: 136
Views: 13072

Re: What purchase saved you the most money?

Things that saved you money but cost your labor seem to come up a lot - i.e. washing your own car, mowing your own lawn, etc. Why do people tend not to value their labor? There are pros and cons on doing your own labor. Doing something yourself provides a certain level of satisfaction and happiness...
by EnjoyIt
Sun Oct 07, 2018 10:47 am
Forum: Personal Consumer Issues
Topic: What purchase saved you the most money?
Replies: 136
Views: 13072

Re: What purchase saved you the most money?

I'm going to be contrarian here. Things that saved you money but cost your labor seem to come up a lot - i.e. washing your own car, mowing your own lawn, etc. Why do people tend not to value their labor? Things that saved you money but aren't really comparable - i.e. buying a Honda over a BMW. Peop...
by EnjoyIt
Fri Oct 05, 2018 12:32 pm
Forum: Investing - Theory, News & General
Topic: Key differences between investing philosophies: Swedroe vs. Bogle
Replies: 144
Views: 8172

Re: Key differences between investing philosophies: Swedroe vs. Bogle

I am a simple man and clueless about investing. For me to stay the course the plan must be simple to follow. I need a general idea of what I am doing, why I am doing it, and how to do it. For me the 3 fund approach makes sense, easy to follow and does not require additional input from a paid advisor...
by EnjoyIt
Fri Oct 05, 2018 11:56 am
Forum: Personal Consumer Issues
Topic: What purchase saved you the most money?
Replies: 136
Views: 13072

Re: What purchase saved you the most money?

I can't think of a single purchase that saved us money. I can think of plenty of purchases that kept us from spending more money and can list those. Reliable car that can be driven for 10+ years well researched household items that may cost a bit more now but last longer and over the coarse of years...
by EnjoyIt
Fri Oct 05, 2018 11:13 am
Forum: Investing - Theory, News & General
Topic: Rich, Broke or Dead: Visualizing probabilities of outcomes in early retirement
Replies: 136
Views: 18035

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

There are a couple of good comments above regarding leaving wealth to heirs. As I mentioned before, creating some assistance like helping pay for college seams like a no brainer if one can afford it. But leaving behind even $1 million to an adult child can make or break them depending on who they ar...
by EnjoyIt
Thu Oct 04, 2018 9:47 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 8550
Views: 1673014

Re: U.S. stocks in freefall

Doom&Gloom wrote:
Thu Oct 04, 2018 9:44 pm
EnjoyIt wrote:
Thu Oct 04, 2018 9:37 pm
My precious US stocks in freewill thread is back. I get nervous when I do not see it coming to the top of my list.
May be the wrong thread :)
Nice catch. I will edit that.
Thanks
by EnjoyIt
Thu Oct 04, 2018 9:46 pm
Forum: Investing - Theory, News & General
Topic: Rich, Broke or Dead: Visualizing probabilities of outcomes in early retirement
Replies: 136
Views: 18035

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

One certainly wants to find a balance of enjoying the one journey we get in life, while also saving for goals in retirement and or passing on to heirs. I love what you wrote above regarding all the fun things you have done so far in your life. Thanks for sharing. May I ask you, why do we want to pa...
by EnjoyIt
Thu Oct 04, 2018 9:37 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 8550
Views: 1673014

Re: U.S. stocks in freefall

My precious US stocks in freefall thread is back. I get nervous when I do not see it coming to the top of my list.
by EnjoyIt
Wed Oct 03, 2018 11:10 pm
Forum: Investing - Theory, News & General
Topic: Rich, Broke or Dead: Visualizing probabilities of outcomes in early retirement
Replies: 136
Views: 18035

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

Would rather expand on this graph (more options). I’m sure most of us at bogleheads have a better life expectancy probability (have access to healthcare, finances to get checked out, etc) I’m am not aware of anyone related to me who died in their 70s but the probability I’m seeing would make me fee...
by EnjoyIt
Wed Oct 03, 2018 10:53 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Be Prepared For Losses
Replies: 146
Views: 18995

Re: Larry Swedroe: Be Prepared For Losses

A) Keep 3 months to 6 months of emergency fund. B) Keep the AA at 70/30. Do not go beyond 70% for stock allocation. Even if a young person wanted to be as conservative as you say they should, they could alternatively build an emergency fund of one year's expenses and be 100% stock with the remainde...
by EnjoyIt
Tue Oct 02, 2018 11:24 pm
Forum: Investing - Theory, News & General
Topic: Rich, Broke or Dead: Visualizing probabilities of outcomes in early retirement
Replies: 136
Views: 18035

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

Thanks for posting this tool. I like how it shows the probability of death right up there as part of the possible portfolio outcomes. Seeing the "grey wedge" of death grow and grow exponentially to where it becomes the final (and only) outcome--that sure is sobering. It puts things in their proper ...
by EnjoyIt
Mon Oct 01, 2018 10:33 pm
Forum: Investing - Theory, News & General
Topic: Rich, Broke or Dead: Visualizing probabilities of outcomes in early retirement
Replies: 136
Views: 18035

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

Yes this is exactly it. How much are you comfortable spending down because once you shut down the money making engine of your career, it is not always easy to restart it. There's that but also a fear of switching at all from accumulation to distribution. After spending decades growing and attending...
by EnjoyIt
Sun Sep 30, 2018 11:30 pm
Forum: Investing - Theory, News & General
Topic: Rich, Broke or Dead: Visualizing probabilities of outcomes in early retirement
Replies: 136
Views: 18035

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

JackoC, I get it. I really do. I get the fear that this time is different. The math makes it so compelling. Maybe the answer is to buy an annuity and risk a little more in equities. Maybe it is being ready and able to spend just a little bit less if the markets are not favorable. I would be okay wit...
by EnjoyIt
Sun Sep 30, 2018 5:03 pm
Forum: Investing - Theory, News & General
Topic: Rich, Broke or Dead: Visualizing probabilities of outcomes in early retirement
Replies: 136
Views: 18035

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

Could we estimate lower expected future returns by simply increasing the "Investment Fees" field by the amount that expected returns will be lower going forward? If returns used to be about 8.7% historically at a 60/40 portfolio after inflation, returns of 2% less would be 23% worse than what we ha...
by EnjoyIt
Sun Sep 30, 2018 2:20 pm
Forum: Investing - Theory, News & General
Topic: Rich, Broke or Dead: Visualizing probabilities of outcomes in early retirement
Replies: 136
Views: 18035

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

Could we estimate lower expected future returns by simply increasing the "Investment Fees" field by the amount that expected returns will be lower going forward? Plugged in OP's numbers: Again but with 2% investment fees, adjusting for 2 percentage point decrease in expected return going forward: h...
by EnjoyIt
Sun Sep 30, 2018 2:17 pm
Forum: Investing - Theory, News & General
Topic: Rich, Broke or Dead: Visualizing probabilities of outcomes in early retirement
Replies: 136
Views: 18035

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

But, fear of not having enough is a very strong feeling very difficult to break. Yes this is exactly it. How much are you comfortable spending down because once you shut down the money making engine of your career, it is not always easy to restart it. I that really true? Is the ability to make mone...
by EnjoyIt
Sat Sep 29, 2018 8:24 pm
Forum: Investing - Theory, News & General
Topic: Rich, Broke or Dead: Visualizing probabilities of outcomes in early retirement
Replies: 136
Views: 18035

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

The above is why I find this simulator interesting. Here’s my situation: 54 years old, wife is 52. We have about 10x income saved, probably around 14x expenses, with a legit shot at the 25x goal by 65. That said, I also have a pension, and with social security, will probably be able to cover most i...
by EnjoyIt
Fri Sep 28, 2018 4:07 pm
Forum: Investing - Theory, News & General
Topic: Rich, Broke or Dead: Visualizing probabilities of outcomes in early retirement
Replies: 136
Views: 18035

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

Bogglers, This is a really nice interactive website that uses the same data as cFIREsim, tracking historical periods from 1871 to 2016 to run through each scenario with inflation adjusted spending and then calculates the probability of success or failure, but adds, the probability of death from soci...
by EnjoyIt
Mon Sep 24, 2018 9:30 am
Forum: Investing - Theory, News & General
Topic: Regrets / Pearls
Replies: 37
Views: 6956

Re: Regrets / Pearls

Regret: We bought too much house for us which has delayed Financial Independence by a few years as well as added unnecessary stress because more house equals more stuff to fill it, more maintenance, more cleaning, and simply more things can go wrong. Pearl: You only live once and your time is worth ...
by EnjoyIt
Fri Sep 21, 2018 11:12 am
Forum: Personal Finance (Not Investing)
Topic: Can I really retire? Please check my math and poke holes.
Replies: 48
Views: 5895

Re: Can I really retire? Please check my math and poke holes.

.. We'll still have DW's pension of about $328k/month My projected SS at 70 is about $3300/month Hang tight to your wife, you got the best one on BH with $328k/month pension ! Many be happy to dig a mere 5k-10k/month spousal pension and be dandy! A $328k/month is serious coin! Shoot me, leave off t...