Search found 59 matches

by rfowler
Mon Jun 11, 2018 12:48 am
Forum: Personal Consumer Issues
Topic: “Day to kill” in Venice Italy
Replies: 51
Views: 4433

Re: “Day to kill” in Venice Italy

Despite the tourists, Venice is ..... spectacular. Look at is as city-museum. I second the suggestion to visit Peggy Guggenheim house (now a "museum") for your extra day and introduction to Venice. The house was her personal residence so it's human sized, right on the canal, and contains some of the...
by rfowler
Sun Jan 07, 2018 2:22 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Patience And Diversification Crucial
Replies: 51
Views: 8740

Re: Larry Swedroe: Patience And Diversification Crucial

Hello all, Very interesting article by Swedroe -- thanks for posting. I would appreciate comments on Swedroe's concluding lines in the article -- I am scratching my head a bit: "Thus, the prudent strategy (the one most likely to allow you to achieve your goals) is to diversify across various factors...
by rfowler
Thu May 04, 2017 2:00 am
Forum: Personal Finance (Not Investing)
Topic: Buying a luxury car (how dumb would it be to do this?)
Replies: 216
Views: 28416

Re: Buying a luxury car (how dumb would it be to do this?)

I recommend you buy two Certified pre-owned vehicles. We are on our second HIghlander and second Mercedes E-series---both purchased as 2-yr old Certified Pre-Owned cars (lease returns), as were the previous ones. Our family has always enjoyed owning the practical family hauler AND the fun/luxury veh...
by rfowler
Sat Apr 29, 2017 1:49 am
Forum: Investing - Theory, News & General
Topic: The Importance of “Cash on Hand” to Life Satisfaction
Replies: 29
Views: 5308

Re: The Importance of “Cash on Hand” to Life Satisfaction

Michael Kitces, a fee-only financial planner who has a popular FP blog and newsletter, Nerd's Eye View, had a good post about this study: https://www.kitces.com/blog/buying-happiness-life-satisfaction-wellbeing-with-cash-on-hand-reserves-ruberton-gladstone-lyubomirsky/#disqus_thread I have been read...
by rfowler
Thu Apr 27, 2017 1:27 am
Forum: Personal Finance (Not Investing)
Topic: Best strategy for retaining tenants?
Replies: 30
Views: 2752

Re: Best strategy for retaining tenants?

Excellent tenants who are paying close to market rents, on time, AND whose rent could possibly cover a mortgage will eventually be buyers. It's good to keep them for another year or two before they make that transition. Could you have made an additional $50/month by raising their rent? Possibly. But...
by rfowler
Mon Apr 24, 2017 3:31 am
Forum: Personal Consumer Issues
Topic: Alaska cruise advice
Replies: 33
Views: 4529

Re: Alaska cruise advice

We live in Puget Sound and did a last minute Alaska Cruise on Celebrity (Silhouette) from Seattle last June. We booked through Costco Travel including 3 of the excursions. The benefit of using Costco travel is you get onboard credit which you don't have to use and will be credited back to your credi...
by rfowler
Wed Apr 19, 2017 11:25 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe says "Goodbye."
Replies: 336
Views: 55145

Re: Larry Swedroe says "Goodby."

I too have greatly appreciated Larry's comments, particularly recently as I've been learning more about the "Larry Portfolio" concept and its variants. And I completely understand that he would want to step away from a forum where he felt personally attacked. While this forum is for the most part ve...
by rfowler
Mon Apr 17, 2017 4:18 pm
Forum: Personal Finance (Not Investing)
Topic: Trust Services
Replies: 204
Views: 25021

Re: Trust Services

riggoodma, I am so glad you posted your questions -- they are the exact ones I came up with, also from just finishing "Beyond the Grave." We too had set up a revocable trust and thought we had everything squared away with a family member serving as trustee for our young adult children, all our real ...
by rfowler
Sun Apr 16, 2017 2:34 am
Forum: Personal Consumer Issues
Topic: Anyone else decided not to finish med school?
Replies: 76
Views: 25942

Re: Anyone else decided not to finish med school?

If your friend is regretting his decision, it may be a good idea to work with a life/career coach who specializes in physicians, and reevaluate. Based on personal experience on this topic of physician dissatisfaction and career detours ("friends and family"),it's important to understand that medical...
by rfowler
Thu Mar 30, 2017 10:25 pm
Forum: Personal Investments
Topic: What if capital gains net tax = zero, how would you structure taxable portfolio?
Replies: 6
Views: 866

Re: What if capital gains net tax = zero, how would you structure taxable portfolio?

All, thank you for the quick responses and weighing in. Regarding 2), legacy-wise there's less advantage from donating appreciated securities, and from step-up in basis, so you might prioritize using your tax-deferred accounts for charity. Designate charities as beneficiaries, and use qualified char...
by rfowler
Thu Mar 30, 2017 2:46 am
Forum: Personal Finance (Not Investing)
Topic: Wife wants to get into real-estate
Replies: 29
Views: 6231

Re: Wife wants to get into real-estate

A couple thoughts, coming from the RE investment business: 1) If neither of you have had experience with investing to rent or investing to flip, getting a RE license as a "tax" move would not be the first step I would recommend. Instead, figure out which of those options appeals to you: Getting an i...
by rfowler
Thu Mar 30, 2017 2:01 am
Forum: Personal Investments
Topic: What if capital gains net tax = zero, how would you structure taxable portfolio?
Replies: 6
Views: 866

What if capital gains net tax = zero, how would you structure taxable portfolio?

All, I have posed our situation to a fee-only financial advisor and was not entirely satisfied with the answer (absence of rigor). Would appreciate bogle-brain power on this one: We have a significant capital loss carry forward (from real-estate related capital loss, a REAL out-of-the-wallet loss, n...
by rfowler
Sat Feb 25, 2017 9:47 pm
Forum: Personal Consumer Issues
Topic: critique Italian itinerary
Replies: 34
Views: 3496

Re: critique Italian itinerary

Italy is such a wonderful country, it's hard to go wrong. Venice is indeed a must, and I would highly recommend 3-4 full days. Visiting Venice during the off season will allow you to fully explore this fascinating "living museum" at your leisure without throngs of tourists. We were there in December...
by rfowler
Sat May 28, 2016 11:36 pm
Forum: Personal Investments
Topic: Physician Leadership Courses--Worth it? Is it feasible?
Replies: 3
Views: 862

Re: Physician Leadership Courses--Worth it? Is it feasible?

Having family members in the field, this topic comes up...
Here is the best resource to answer your questions and explore training, career path etc:
http://www.physicianleaders.org/
by rfowler
Tue Feb 16, 2016 3:43 am
Forum: Personal Finance (Not Investing)
Topic: How to save money and keep the house clean?
Replies: 48
Views: 7936

Re: How to save money and keep the house clean?

My spouse and I learned very early in our marriage that certain household services were worth it, and for two reasons: 1) the obvious one -- harmony -- we are busy professionals and our limited after-work hours were best spent together, with friends or on hobbies and recreation. 2) money you pay a h...
by rfowler
Tue Feb 02, 2016 8:32 pm
Forum: Personal Consumer Issues
Topic: Which news source do you use?
Replies: 67
Views: 7930

Re: Which news source do you use?

1) NY Times Sunday print version with online version daily. Good articles in general, with occasional outstanding in-depth stories 2) Local newspaper print version daily - 1/3 is "old news" we got online already but do enjoy local stories and and want to support the local press 3) On Flipboard (onli...
by rfowler
Mon Jan 18, 2016 4:59 pm
Forum: Personal Investments
Topic: Failing "sleep well" test: Change AA or more Boglehead-therapy?
Replies: 63
Views: 7014

Re: Failing "sleep well" test: Change AA or more Boglehead-therapy?

All, Again, this is very helpful and I do appreciate the various insights (that's why I consulted you!) No doubt this is 70% psychological and 30% "technical allocation" -- both of which are important. I'm not ashamed to be completely transparent about my anxiety and other foibles (life is too short...
by rfowler
Mon Jan 18, 2016 6:08 am
Forum: Personal Investments
Topic: Failing "sleep well" test: Change AA or more Boglehead-therapy?
Replies: 63
Views: 7014

Re: Failing "sleep well" test: Change AA or more Boglehead-therapy?

All,
Thanks again for the additional comments. I appreciate the insights -- good food for thought.
by rfowler
Sun Jan 17, 2016 8:47 pm
Forum: Personal Investments
Topic: Failing "sleep well" test: Change AA or more Boglehead-therapy?
Replies: 63
Views: 7014

Re: Failing "sleep well" test: Change AA or more Boglehead-therapy?

Thanks, john94549,
We have started the 5-year CD ladder with 250K. I'll read up more on that and TIPS ladders (although CD ladders seem easier)
by rfowler
Sun Jan 17, 2016 7:28 pm
Forum: Personal Investments
Topic: Failing "sleep well" test: Change AA or more Boglehead-therapy?
Replies: 63
Views: 7014

Re: Failing "sleep well" test: Change AA or more Boglehead-therapy?

Dr. Bogleheads, Thanks for the words of calm (I needed a slap in the face AND half a Valium). You're right, $100K down is not bad. What hurts and alarms me is the fact that this literally came out of my pocket 4 months ago. Klangfool and edge, I have been indeed been looking into a low cost advisory...
by rfowler
Sun Jan 17, 2016 4:46 pm
Forum: Personal Investments
Topic: Failing "sleep well" test: Change AA or more Boglehead-therapy?
Replies: 63
Views: 7014

Failing "sleep well" test: Change AA or more Boglehead-therapy?

I would appreciate input from those of you who are IN or NEAR RETIREMENT and using their portfolio for part or most of their income. Sorry to exclude young accumulators but I want "in the trenches," "been there" insights from those in my shoes. I'll lie down on the therapist's couch now.... Dr. Bogl...
by rfowler
Sat Jan 16, 2016 12:08 am
Forum: Personal Finance (Not Investing)
Topic: purchase REO property advice [Real Estate Owned]
Replies: 3
Views: 547

Re: purchase REO property advice [Real Estate Owned]

If you had a title company perform a title search to clear title, that should have been uncovered. If not, there is something amiss and either the bank or title company are at fault for not disclosing. If you did not have title search (and contingency) and If the bank did not state the title was cle...
by rfowler
Fri Jan 15, 2016 11:36 pm
Forum: Personal Finance (Not Investing)
Topic: Tell me about Expected Family Contribution for college
Replies: 65
Views: 8188

Re: Tell me about Expected Family Contribution for college

Gee, this is a lot of math for what I thought might be simple advice for the OP. :D Our second child will graduate college in June. From our experience in the real world of raising children, I would advice keeping things simple. Here are some thoughts. (Please no need for anyone to reply with comple...
by rfowler
Fri Jan 08, 2016 8:23 pm
Forum: Personal Finance (Not Investing)
Topic: Job Prospects for English Majors?
Replies: 73
Views: 10533

Re: Job Prospects for English Majors?

We have been in a similar career -counseling mode with our daughter who is a History major (Liberal arts). Initially we pleaded with her to get a business degree as she is truly a natural born salesperson and manager. Although she followed her heart to be a history major, we are confident her commun...
by rfowler
Wed Dec 30, 2015 12:07 am
Forum: Personal Finance (Not Investing)
Topic: Can I still contribute to my SEP-IRA?
Replies: 7
Views: 800

Re: Can I still contribute to my SEP-IRA?

I have had similar situation for 5 years. For many years I've had my solo business (corporation) and contributed to my SEP-IRA to the max. Forr 2015 the limits are up to $53K (i.e. when you combine the "employer" portion along with the "employee" and factor in the catch up for being over 51 years ol...
by rfowler
Mon Nov 30, 2015 3:20 am
Forum: Personal Investments
Topic: Merrill to Betterment - does this sound like the right strategy?
Replies: 43
Views: 4372

Re: Merrill to Betterment - does this sound like the right strategy?

Agree with the other posters regarding taking your time to transition your investment to a more transparent, lower-expense set of index funds/ETFs. A key consideration will be timing your capital gains (or losses), given your investment is in taxable (presumably from your post). Regarding Betterment...
by rfowler
Sat Nov 28, 2015 3:17 pm
Forum: Investing - Theory, News & General
Topic: Is Real Estate Bond-Like?
Replies: 40
Views: 5130

Re: Is Real Estate Bond-Like?

We also have income-producing home rentals (plus other commercial real estate) and I posted a similar on this forum (and have also posed the question to two fee-only financial advisors). This is how I framed the question for myself: How should we factor our real estate holdings and income into our d...
by rfowler
Sun Oct 11, 2015 4:20 pm
Forum: Personal Consumer Issues
Topic: Planning a trip to Rome, need advice
Replies: 49
Views: 5404

Re: Planning a trip to Rome, need advice

All of the advise above is good and I would add that your "age' , energy and comfort with with being in a large city, a foreign country will all be factors in your enjoyment of beautiful, wonderful Italia. I will add to what has been provided already: 1) Having traveled to Italy about 5 times for va...
by rfowler
Tue Oct 06, 2015 4:58 pm
Forum: Personal Finance (Not Investing)
Topic: Thinking about purchasing "retirement" annuity/fund for non-family member in lieu of small inheritanted sum later
Replies: 7
Views: 700

Re: Thinking about purchasing "retirement" annuity/fund for non-family member in lieu of small inheritanted sum later

Taylor, I'm fascinated by your decision to "give the inheritance now." And curious as to how you made the "wealth transfer" without major tax implications. Maybe within the Trust? Also curious about how your children are managing it. Currently we are fully funding our children's Roth IRAs (they are ...
by rfowler
Tue Oct 06, 2015 2:40 pm
Forum: Personal Finance (Not Investing)
Topic: Thinking about purchasing "retirement" annuity/fund for non-family member in lieu of small inheritanted sum later
Replies: 7
Views: 700

Re: Thinking about purchasing "retirement" annuity/fund for non-family member in lieu of small inheritanted sum later

Thanks for your comment, Gil. Yes I will play around with the annuity length, payout etc.

One clarification: She has left our employ---about 7 years ago.
But she was and remains important to us and therefore we very comfortable with the "irrevocable" nature of the gift.
by rfowler
Tue Oct 06, 2015 2:36 pm
Forum: Personal Consumer Issues
Topic: Where in the U.S. can I buy a house for under $250k that's a nice place to live?
Replies: 152
Views: 20344

Re: Where in the U.S. can I buy a house for under $250k that's a nice place to live?

I recommend you look into New Mexico, either the Albuquerque area or Las Cruces. Albuquerque: You can definitely can find a very nice newer home for $250K or less (Pulte building all over ABQ) and in fact still some excellent SS and REO popping up for less than 200K (less than 10 years old in good n...
by rfowler
Tue Oct 06, 2015 2:17 pm
Forum: Personal Finance (Not Investing)
Topic: Thinking about purchasing "retirement" annuity/fund for non-family member in lieu of small inheritanted sum later
Replies: 7
Views: 700

Thinking about purchasing "retirement" annuity/fund for non-family member in lieu of small inheritanted sum later

Hello bogleheads, I would appreciate input from the Forum on ideas we're currently pondering as we do our estate planning. In addition to planning for inheritance for adult children and charitable giving, we are also identifying individuals that have been important to our family. One such person is ...
by rfowler
Thu Sep 03, 2015 5:12 pm
Forum: Personal Investments
Topic: Advise wanted: investing small trust for disabled relative
Replies: 4
Views: 632

Re: Advise wanted: investing small trust for disabled relative

Thank you all for your thoughts. I will look into a SPIA. Re: The trust is about ~200 and you want it to last 5 years? What is your thinking if the disabled relative lives longer? Move to a State funded facility? Also, why is the first year 16,000 and the later buckets more? What do you need in year...
by rfowler
Thu Sep 03, 2015 1:59 am
Forum: Personal Investments
Topic: Advise wanted: investing small trust for disabled relative
Replies: 4
Views: 632

Advise wanted: investing small trust for disabled relative

Hello all, I'm hoping you can provide some thoughts on a unique situation in our family. My father-in-law passed last year leaving a small Trust (~200K) for the benefit of his 62 y.o. disabled daughter--she is not a beneficiary of his estate, but rather the Trust is to continue providing some assist...
by rfowler
Sat Feb 14, 2015 5:16 pm
Forum: Personal Finance (Not Investing)
Topic: Long term care insurance?
Replies: 58
Views: 7857

Re: Long term care insurance?

To add another 2cents: My spouse and I lost our fathers (age 89, 90) in the past year, 7 months of each other so our families have had quality time to reflect on our mortality and the nuances of end-of-life planning. Both of our fathers had LTCi which covered them for up to a year of LTC and both we...
by rfowler
Mon Aug 18, 2014 1:34 am
Forum: Personal Investments
Topic: Spouse not ready to cut ties with financial advisers
Replies: 112
Views: 13589

Re: Spouse not ready to cut ties with financial advisers

I discussed most of the points in this thread with DH this morning. His overriding concern is that we will make a mistake and it will cost us a lot more than 1%. He said that everyone he knows who has ever chosen to manage their own funds has lost money in the stock market. I tried to explain index...
by rfowler
Fri Aug 01, 2014 4:45 am
Forum: Personal Consumer Issues
Topic: Public Speaking-help
Replies: 79
Views: 8685

Re: Public Speaking-help

tempco_rep, First, thanks for sharing your story--- as you can read, there are many, many people for whom it resonates. My story was similar. I considered myself socially "handicapped" due to my paralyzing fear of speaking and of being "called on." At around age 40 I spoke up in a meeting because I ...
by rfowler
Thu Jul 31, 2014 5:49 pm
Forum: Personal Investments
Topic: Help me save my parents from Merrill Lynch
Replies: 54
Views: 9356

Re: Help me save my parents from Merrill Lynch

When 401ks were first came about I and others warned that thieves and charlatans would try to con the ordinary folks that they needed high priced "expert" advice. I wrote memos about it to warn my colleagues that sharks smelled blood and wanted their share. Professor E, Therein is the rub: two deca...
by rfowler
Thu Jul 31, 2014 1:51 pm
Forum: Personal Investments
Topic: Help me save my parents from Merrill Lynch
Replies: 54
Views: 9356

Re: Help me save my parents from Merrill Lynch

Professor E, It's important to separate an academic argument for low-cost index-investing (which I agree with) from the real lives of people who don't have the temperament or time to devote to reading the literature or managing their investments. I'll give you another family example: one of my sibli...
by rfowler
Thu Jul 31, 2014 2:14 am
Forum: Personal Investments
Topic: Help me save my parents from Merrill Lynch
Replies: 54
Views: 9356

Re: Help me save my parents from Merrill Lynch

My father asked my sister to help him consolidate with a bank financial advisor about seven years before he passed. (2007 to 2013) He had been a self-guided mutual fund investor since the 70's, so I wondered at the time why he felt he needed an outside advisor. She found an advisor with his local US...
by rfowler
Thu Jul 31, 2014 1:15 am
Forum: Investing - Theory, News & General
Topic: Should retirement investors own small/value stocks at all?
Replies: 36
Views: 3984

Re: Should retirement investors own small/value stocks at al

a big mistake made by many investors is to think of returns "deterministically" ==I'm going to get x%, only right way to think about them is as the expected is the mean of wide dispersion of potential outcomes. the tails are the extreme good and bad outcomes in the distribution of what can happen t...
by rfowler
Tue Jul 29, 2014 6:03 pm
Forum: Investing - Theory, News & General
Topic: Should retirement investors own small/value stocks at all?
Replies: 36
Views: 3984

Re: Should retirement investors own small/value stocks at al

Taylor, Thanks for the explanation. I'm surprised most asset managers care about "tail risk" as defined. Seems to me all you hear about is upside potential. That's one thing I've appreciated learning from my reading the past year on MPT and bogle-type investing etc: looking at standard deviation up ...
by rfowler
Tue Jul 29, 2014 5:57 pm
Forum: Personal Finance (Not Investing)
Topic: Grad school decision - Help requested
Replies: 25
Views: 3329

Re: Grad school decision - Help requested

RyeW, Intriguing post. I was a big shocked on your big "reveal" that the Masters work you are contemplating is in Art Critical Theory and Critical Research, a real "right brain" area, obviously. This was in contrast to your initial post that was "left brain": disciplined, methodical. A good combo! G...
by rfowler
Tue Jul 29, 2014 5:07 pm
Forum: Investing - Theory, News & General
Topic: Should retirement investors own small/value stocks at all?
Replies: 36
Views: 3984

Re: Should retirement investors own small/value stocks at al

larryswedroe wrote:fwiw retirees are the very people who should tilt AND lower beta exposure to cut tail risk when it matters most in withdrawal stage
larry
Can you elaborate on what you mean: "to cut tail risk"
I'm not familiar with that phrase.
by rfowler
Mon Jul 28, 2014 4:45 pm
Forum: Personal Finance (Not Investing)
Topic: Selling House - Do We Need a Listing Broker?
Replies: 61
Views: 4874

Re: Selling House - Do We Need a Listing Broker?

I agree with those who say you can sell it yourself to save on the listing commission, IF and ONLY IF: a) You can conduct a thorough, honest and accurate market analysis (if you know your neighborhood well and can get comps you'll have the data you need) to establish a reasonable price b) You list v...
by rfowler
Mon Jul 28, 2014 1:21 pm
Forum: Personal Finance (Not Investing)
Topic: What amount of Earnest Money - New Pulte Home
Replies: 35
Views: 11838

Re: What amount of Earnest Money - New Pulte Home

An earnest money somewhere in the $5K - $10K is reasonable, given the purchase price. 10% is not reasonable, no matter what Pulte says. We had looked at purchasing a Pulte home several years ago and I have also observed them building out (and selling) a couple of large development in my old home tow...
by rfowler
Sun Jul 13, 2014 4:22 am
Forum: Investing - Theory, News & General
Topic: What ONE investing book or article for skeptical sibling?
Replies: 30
Views: 3758

Re: What ONE investing book or article for skeptical sibling

All, Thank you again for the suggestions and insights. I am optimistic that my sibling will absorb new learning. It's not that he is opposed to a passive index approach, but rather that he has never heard of it, nor anything about MPT etc. He has been reading doomsday-prepping type books, which has ...
by rfowler
Fri Jul 11, 2014 1:51 am
Forum: Investing - Theory, News & General
Topic: What ONE investing book or article for skeptical sibling?
Replies: 30
Views: 3758

Re: What ONE investing book or article for skeptical sibling

All, Thanks again for the additional excellent thoughts. As pointed out by a couple of you hoping for an "ah-ha" moment may not be the best strategy, but rather working with his current mind set and aiming to nudge him toward a "balanced" outlook of optimism/pessimism and index funds + other. Thanks...
by rfowler
Thu Jul 10, 2014 7:27 pm
Forum: Investing - Theory, News & General
Topic: What ONE investing book or article for skeptical sibling?
Replies: 30
Views: 3758

Re: What ONE investing book or article for skeptical sibling

Thanks to all for your input. Good thoughts! My idea was that if one single resource could encapsulate both the "theory" (why and what is the historical long view) plus the "practicality" (example 3-fund, 4-fund, 6-fund portfolios) that would make it easier to ease into. I'm trying to remember what ...
by rfowler
Thu Jul 10, 2014 4:21 pm
Forum: Investing - Theory, News & General
Topic: What ONE investing book or article for skeptical sibling?
Replies: 30
Views: 3758

What ONE investing book or article for skeptical sibling?

Hello all, I'm wondering what ONE book or couple of articles Bogleheads would recommend for my sibling to learn more about the Boglehead approach to investing. He is mid-40s leaving his job after 15 years and has a $300K 401k which he has stated he wants to rollover into a vehicle where he can inves...