Search found 3412 matches

by MnD
Sun Jun 24, 2018 8:05 am
Forum: Personal Finance (Not Investing)
Topic: Can you retire on $2M?
Replies: 124
Views: 11646

Re: Can you retire on $2M?

If your life-force is focused on fear and shortage then probably not.
If it is one of abundance then sure you can with a good plan.
by MnD
Sat Jun 23, 2018 7:49 pm
Forum: Personal Consumer Issues
Topic: When did you start flying business class?
Replies: 77
Views: 4111

Re: When did you start flying business class?

About 50% of the time starting about 10 years ago. I use miles or relatively small cash upgrade payments. It's small money. If I made "high 6 figures" it would be more like 90% but I would still be smart about it. For small to medium miles or dollars you can get to 90% or so without buying rack rate...
by MnD
Sat Jun 23, 2018 9:52 am
Forum: Personal Consumer Issues
Topic: Is Amazon Prime worth it?
Replies: 146
Views: 14075

Re: Is Amazon Prime worth it?

We do the large majority of our shopping on Amazon and at a very nearby Costco. That combination is incredibly convenient and the pricing is very good. Maybe by driving all around in a congested large city of 3 million people and ordering from 30 different no-name e-tailers would save us a few more ...
by MnD
Sat Jun 23, 2018 9:10 am
Forum: Personal Finance (Not Investing)
Topic: FAFSA EFC number shock! [Expected Family Contribution]
Replies: 51
Views: 6071

Re: FAFSA EFC number shock! [Expected Family Contribution]

Our EFC (had we paid it for both kids) would have consumed all of our college savings, all other taxable savings/investments and nearly all of our truly discretionary income. If you aren't genuinely middle class or lower or really rich, private college is a terrible deal.
by MnD
Fri Jun 22, 2018 5:56 pm
Forum: Personal Finance (Not Investing)
Topic: Can One Keep Trial Deposits?
Replies: 30
Views: 4332

Re: Can One Keep Trial Deposits?

Yes you can keep them but a true Boglehead will also declare them as income on their federal and state tax returns and there will be a 17 page "spirited" thread on Bogleheads.org debating the correct way to declare the trial deposit income on tax forms.
by MnD
Fri Jun 22, 2018 3:55 pm
Forum: Investing - Theory, News & General
Topic: Small-cap exposure in VBR, ie CRSP small-cap value index fund
Replies: 48
Views: 2582

Re: Small-cap exposure in VBR, ie CRSP small-cap value index fund

By any measure I can find, IJS has SUBSTANTIALLY more exposure to smaller stocks than VBR does. The difference in size exposure isn't subtle. This doesn't seem very SUBSTANTIAL - rather subtle actually. Although IJS does seem to be holding a hot hand (finally!) since around April 2018. :mrgreen: ht...
by MnD
Fri Jun 22, 2018 9:04 am
Forum: Investing - Theory, News & General
Topic: Steep rise in "Old Age Dependency Ratio"
Replies: 15
Views: 1895

Re: Steep rise in "Old Age Dependency Ratio"

So we are already past the midpoint on the increase in the dependency ratio and the sky isn't falling. A high dependency ratio also implies a high ratio of voters who will vote their self-interest in maintaining old-age benefit programs. Baby-boomers are already starting to die off in significant nu...
by MnD
Thu Jun 21, 2018 6:37 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Total International Fund
Replies: 16
Views: 1757

Re: Vanguard Total International Fund

I'm liking all these capitulation threads on ex-US! :beer
by MnD
Thu Jun 21, 2018 2:13 pm
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation Change - 4 Years from Retirement
Replies: 8
Views: 649

Re: Asset Allocation Change - 4 Years from Retirement

Do you have a stable value option in your 401-K? Would seem ideal in this situation.
Going from 100% stocks to 40% is a big jump. What's up wit that? I notice a lot of bull market is over news articles lately.
Are those getting to you?
by MnD
Thu Jun 21, 2018 11:36 am
Forum: Investing - Help with Personal Investments
Topic: Feel like I'm sinking money into international
Replies: 43
Views: 3264

Re: Feel like I'm sinking money into international

The one-year return on the consumer staples sector of the US stock market is -9.08% versus $13.73% for the S&P 500. Why do you keep sinking money into buying poorly performing consumer staple stocks which are a part of your S&P 500 or TSM purchases? The total bond market has been losing money for ov...
by MnD
Thu Jun 21, 2018 10:27 am
Forum: Investing - Theory, News & General
Topic: US T bills - first time user
Replies: 113
Views: 8513

Re: US T bills - first time user

yes, the topics are related.
Schwab doesn't have an auto-rollover but it appears from Triceratops inquiry that the timing I proposed for manual rollovers (maturity date same data as settlement date of new purchase) will work at Schwab.
by MnD
Thu Jun 21, 2018 8:46 am
Forum: Investing - Theory, News & General
Topic: US T bills - first time user
Replies: 113
Views: 8513

Re: US T bills - first time user

Not sure on a few details of rollover - the 13 week bills auction on Mondays and settle on Thursdays with maturity dates 13 weeks out also on Thursdays. Makes me wonder if within a given week I can buy at auction on the Monday prior to a bill maturing Thursday of that week without incurring a margi...
by MnD
Wed Jun 20, 2018 9:19 pm
Forum: Investing - Theory, News & General
Topic: Why is Mr. Bogle so against investing internationally?
Replies: 24
Views: 2774

Re: Why is Mr. Bogle so against investing internationally?

It used to be that a small basket of blue-chip dividend paying mega-cap stocks was the way to go. The rest of the market was unnecessary. Then it was the S&P 500 - the rest of the market including those speculative small caps was unnecessary. Then it was total US stock market - the rest of the worl...
by MnD
Wed Jun 20, 2018 8:34 pm
Forum: Investing - Theory, News & General
Topic: Why is Mr. Bogle so against investing internationally?
Replies: 24
Views: 2774

Re: Why is Mr. Bogle so against investing internationally?

It used to be that a small basket of blue-chip dividend paying mega-cap stocks was the way to go. The rest of the market was unnecessary. Then it was the S&P 500 - the rest of the market including those speculative small caps was unnecessary. Then it was total US stock market - the rest of the world...
by MnD
Wed Jun 20, 2018 7:05 pm
Forum: Investing - Theory, News & General
Topic: US T bills - first time user
Replies: 113
Views: 8513

Re: US T bills - first time user

Purchased my first US T bill (13 week) at auction this week with 25% of what I had in Schwab Prime MM at 1.83%. Investment rate on the auction results was 1.936% and with our state tax rate that corresponds to 2.03% taxable equivalent. I plan to do this every 4 weeks until I have a rolling ladder wi...
by MnD
Tue Jun 19, 2018 4:50 pm
Forum: Local Chapters and Bogleheads Community
Topic: Roll Call for the Retirement Class of 2018!
Replies: 205
Views: 27673

Re: Roll Call for the Retirement Class of 2018!

Here is the latest roster for the Retirement Class of 2018! __ ___ MnD __ ___ TinyTim (70) __ ___ bayview __ ___ Sparky1500 Put me down for Friday, November 30. Far end of my range, but it seems manageable now at 5.X months and I'll get to go to our annual trade association meeting in mid-November ...
by MnD
Tue Jun 19, 2018 1:11 pm
Forum: Personal Finance (Not Investing)
Topic: Tracking spending before retirement useful for estimating retirement expenses?
Replies: 72
Views: 4050

Re: Tracking spending before retirement useful for estimating retirement expenses?

Why would you NOT track expenses? Whether or not you use them to estimate retirement expenses is neither here nor there. If you do not track expenses you surely will have nothing to compare. It is data. You can have it or not. Is it valid in your situation? Perhaps not. To see if they are not valid...
by MnD
Tue Jun 19, 2018 12:42 pm
Forum: Personal Finance (Not Investing)
Topic: Do you cancel old credit cards?
Replies: 47
Views: 4171

Re: Do you cancel old credit cards?

i cancel any financial account the minute I have no more use for it. If your credit is so bad that you are paying more for credit and other things like insurance than the best rate otherwise, it's not because you are closing old unused credit cards. DW closed an unused credit card last quarter and h...
by MnD
Tue Jun 19, 2018 10:23 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6639
Views: 1435614

Re: Anyone buying today?

I have been slowing building my cash position up to purchase more CD's but with the US Market set to open down over 1% I'm tempted to pick up a little more TSM instead. I'm still within my AA bands of +-5% either way. Just thinking back to my risk assessment and the question of what would you do if...
by MnD
Tue Jun 19, 2018 9:21 am
Forum: Personal Finance (Not Investing)
Topic: Tracking spending before retirement useful for estimating retirement expenses?
Replies: 72
Views: 4050

Re: Tracking spending before retirement useful for estimating retirement expenses?

I have a spreadsheet with before retirement and after retirement pre-tax income and below that, details on the "big 4" specific expenses that will definitely change, namely retirement savings, employee pension contributions, income and payroll taxes and dependant educational support for my youngest ...
by MnD
Mon Jun 18, 2018 3:35 pm
Forum: Personal Consumer Issues
Topic: Which Supermarket are you?
Replies: 155
Views: 7515

Re: Which Supermarket are you?

Costco and Krogers. When I retire later this year I will branch out a bit, adding in Sprouts Farmers Market for produce and going to a farther away Kroger's as the close/convenient one we mainly use now attracts lots of lower income shoppers and is stocked accordingly.
by MnD
Mon Jun 18, 2018 9:03 am
Forum: Investing - Theory, News & General
Topic: Which boglehead rule do you break--and are ok with
Replies: 152
Views: 11192

Re: Which boglehead rule do you break--and are ok with

We have 25% or so of our investment net worth in four Dodge and Cox funds. We own 2 individual stocks. We avoid bond index funds due to the biggest debtor approach to portfolio construction and instead opt for a mix of stable value in 401-K and active domestic and global bond in IRA's. We are not fr...
by MnD
Wed Jun 13, 2018 3:49 pm
Forum: Investing - Theory, News & General
Topic: Bottom hit for bond market?
Replies: 7
Views: 1652

Re: Bottom hit for bond market?

Sandtrap wrote:
Wed Jun 13, 2018 2:55 pm
Solutions?
Reinvest in CD's, Treasuries, etc.??
What to do.. . . .what to do. . .
Get the easiest, low stress part-time federal job you can find and roll everything into the TSP G fund.
Admission gate attendant at some obscure National Monument that's only open on Tuesdays and Saturday.
by MnD
Wed Jun 13, 2018 2:52 pm
Forum: Investing - Theory, News & General
Topic: Bottom hit for bond market?
Replies: 7
Views: 1652

Re: Bottom hit for bond market?

With the exception of the last four weeks, all the BND returns for the past year are negative. Down about 2% YTD, down 2% for the last 6 months, and down a little more than 1% for the past 12 months. Total Bond Market (total return) is also down for the past two years. https://s15.postimg.cc/huix05...
by MnD
Wed Jun 13, 2018 10:36 am
Forum: Investing - Theory, News & General
Topic: VMMXX (Vanguard Prime MM) risks
Replies: 71
Views: 7415

Re: VMMXX (Vanguard Prime MM) risks

I like reading about the fear of something like VMMXX in a pretty financially savvy place like Bogleheadlandia. In real life most people I know have their long-term cash holdings at the local work-affiliated credit union for maybe 0.50% at best. They would not only be afraid of VMMXX but they would ...
by MnD
Wed Jun 13, 2018 8:40 am
Forum: Personal Finance (Not Investing)
Topic: Forbes: Millennials Aren't Having Kids Heres Why That's a Problem for Baby Boomer Real Estate and Retirement
Replies: 74
Views: 7021

Re: Forbes: Millennials Aren't Having Kids Heres Why That's a Problem for Baby Boomer Real Estate and Retirement

Millennials having kids and wanting to get out of noisey multi-family housing urban living are making houses in our inner-ring suburb look more like winning lotto tickets. Leafy green quiet 8 miles from downtown Denver, walkable/bikeable to light rail stations and a trendy authentic old town center....
by MnD
Tue Jun 12, 2018 9:40 pm
Forum: Investing - Help with Personal Investments
Topic: Why don't we index the Nasdaq too?
Replies: 16
Views: 2004

Re: Why don't we index the Nasdaq too?

Blueskies123 wrote:
Tue Jun 12, 2018 4:52 pm
It is called QQQ
Since March 10, 1999. Magic 8-ball says go for it! What could go wrong?
Image
by MnD
Tue Jun 12, 2018 4:08 pm
Forum: Personal Finance (Not Investing)
Topic: Home equity as part of retirement asset
Replies: 24
Views: 1459

Re: Home equity as part of retirement asset

The $36K or thereabouts value I receive annually in imputed rent (tax-free no less) goes into the economy, or more investments or whatever I want to do with it. And I don't have to cut my home up into a duplex or move to Wyoming. :beer
by MnD
Tue Jun 12, 2018 3:45 pm
Forum: Personal Finance (Not Investing)
Topic: Home equity as part of retirement asset
Replies: 24
Views: 1459

Re: Home equity as part of retirement asset

WhiteMaxima wrote:
Tue Jun 12, 2018 3:23 pm
Home equity is locked in the house, need to free it and put int into hard work into economy.
That's exactly the sort of jargon bank ads use to keep people in debt, cash-flow broke and making payments forever.
by MnD
Tue Jun 12, 2018 3:38 pm
Forum: Personal Finance (Not Investing)
Topic: Home equity as part of retirement asset
Replies: 24
Views: 1459

Re: Home equity as part of retirement asset

Moving to Wyoming or carving up ones home into some sort of duplex seems a bit speculative for booking future retirement assets. If that's a long-held firm plan and one is taking concrete actions to make that happen, I suppose it could be considered. But I'd get on the details sooner rather than lat...
by MnD
Sun Jun 10, 2018 1:38 pm
Forum: Investing - Help with Personal Investments
Topic: Brokerage Account Allocation
Replies: 4
Views: 277

Re: Brokerage Account Allocation

100% VT (Vanguard Total World Stock ETF).
by MnD
Sun Jun 10, 2018 12:46 pm
Forum: Personal Finance (Not Investing)
Topic: What does "tap into" the Social Security trust fund mean?
Replies: 29
Views: 2304

Re: What does "tap into" the Social Security trust fund mean?

After the 1983 reform, SS collected much more in payroll taxes than benefits. This was invested in a special class of Treasury securities that belongs to the federal agency/authority that pays Social Security benefits. These securities and the reinvested interest constitutes the trust fund. Some yea...
by MnD
Sun Jun 10, 2018 10:34 am
Forum: Personal Finance (Not Investing)
Topic: Retire at 55, what's the magic number
Replies: 104
Views: 12778

Re: Retire at 55, what's the magic number

It's been said before, but the two things you really have to consider before retiring early are: (1) medical costs / insurance until you reach 65, and (2) taxable savings until you reach 59.5. When retiring as early as 55 you need to remember to have a sizable taxable account, not just IRAs. Of cou...
by MnD
Sun Jun 10, 2018 10:08 am
Forum: Personal Finance (Not Investing)
Topic: Retire at 55, what's the magic number
Replies: 104
Views: 12778

Re: Retire at 55, what's the magic number

Let me understand it better. It is essentially stating that if I can survive on the $30K per year, I could spend more if other conditions are met. So this is a variable dollar amount withdrawal scheme with 3% floor. Is that floor inflation adjusted? I am basing this on MnD's descriptions (i hope he...
by MnD
Sun Jun 10, 2018 8:58 am
Forum: Personal Finance (Not Investing)
Topic: College Credit Union or National Bank for new college student
Replies: 5
Views: 308

Re: College Credit Union or National Bank for new college student

Both kids have had Schwab checking since start of college and now after. They both make use of the brokerage account as well. One made the comment that their peers checking "deals" were typically awful relative to Schwab. One travels internationally quite a bit and really appreciates the free every ...
by MnD
Sun Jun 10, 2018 8:34 am
Forum: Investing - Theory, News & General
Topic: Don’t cheat yourself with the 4% rule
Replies: 159
Views: 17970

Re: Don’t cheat yourself with the 4% rule

Maybe I am reading too much into it, but i do notice many poster advocating sub 2.5% because "valuations are high", "bonds yields are low", "healthcare is expensive", "you don't know what the future will bring, it may be different than the past", etc. But, you may be right that they are just descri...
by MnD
Sat Jun 09, 2018 3:17 pm
Forum: Personal Finance (Not Investing)
Topic: Are you including SS in your planning model? Are the benefits really that high?
Replies: 148
Views: 11156

Re: Are you including SS in your planning model? Are the benefits really that high?

The payroll tax and ceiling will be increased, the taxable portion will maybe be 100% instead of 85% for those above a certain income, for young people the retirement age will be very gradually increased a bit - those sorts of things. We aren't going to wake up on Jan 1, 2034 to SS eligibility means...
by MnD
Sat Jun 09, 2018 1:53 pm
Forum: Investing - Theory, News & General
Topic: VMMXX (Vanguard Prime MM) risks
Replies: 71
Views: 7415

Re: VMMXX (Vanguard Prime MM) risks

I don't understand why Vanguard would produce money market funds meant to hold cash that are not riskless and don't understand why anyone would want to place their cash in such funds. I guess Vanguard is simply competing with the banks and Treasury Direct for it's share of our cash investments. Van...
by MnD
Sat Jun 09, 2018 12:26 pm
Forum: Investing - Theory, News & General
Topic: Don’t cheat yourself with the 4% rule
Replies: 159
Views: 17970

Re: Don’t cheat yourself with the 4% rule

5% of annual account balance, 3% inflation-adjusted floor, 70/30 AA .11ER. Average and median spend is better than 5% inflation-adjusted. Worst case is slightly better than 3% Inflation-adjusted. Yes the unlucky 1966 retiree spends 20 or so years on the 3% floor, but compare that to 2.5% SWR for _ev...
by MnD
Sat Jun 09, 2018 8:51 am
Forum: Investing - Theory, News & General
Topic: Rising Interest Rate Strategy
Replies: 35
Views: 4036

Re: Rising Interest Rate Strategy

I'm lucky to have a t-bond yield linked stable value fund for core fixed income. Beyond that, Prime Money Market, a T-bill ladder and an actively manged go-anywhere global bond fund with a relatively short duration. No change on the equity side - global market cap. I'm aware that at some level of in...
by MnD
Sat Jun 09, 2018 8:45 am
Forum: Personal Finance (Not Investing)
Topic: Best banks for checking accounts?
Replies: 33
Views: 3228

Re: Best banks for checking accounts?

Moved to Schwab and couldn't be happier. Seems to meet all your criteria. Wish I had done it years ago.
by MnD
Sat Jun 09, 2018 8:42 am
Forum: Personal Finance (Not Investing)
Topic: Are you including SS in your planning model? Are the benefits really that high?
Replies: 148
Views: 11156

Re: Are you including SS in your planning model? Are the benefits really that high?

Yes I do along with my federal pension and other benefits, my paid off house and other factors besides the size of my individual investment portfolio. Serially discounting or ignoring non-portfolio sources of income and assets will lead to some very large divergences in planning from a reasonable re...
by MnD
Fri Jun 08, 2018 6:16 pm
Forum: Investing - Theory, News & General
Topic: Buffett says Bonds are a terrible investment now. What should we invest in besides stocks?
Replies: 141
Views: 20237

Re: Buffett says Bonds are a terrible investment now. What should we invest in besides stocks?

Perhaps it would help if you do not consider bonds an investment, but instead, protection against catastrophic loss. If you really want to invest all of your money in vehicles having high expected return, you need to accept the possibility of catastrophic loss. I think of catastrophic loss like bro...
by MnD
Fri Jun 08, 2018 9:06 am
Forum: Investing - Theory, News & General
Topic: Don’t cheat yourself with the 4% rule
Replies: 159
Views: 17970

Re: Don’t cheat yourself with the 4% rule

Rarely mentioned by the ultra-low SWR planners (that also often seem keen on discounting pensions and SS) are how many more years or decades they worked or plan to work versus using more normal assumptions. I also hope they have $5 million or more. 2.5% SWR on say $2 million is $50K a year househol...
by MnD
Thu Jun 07, 2018 9:01 am
Forum: Investing - Theory, News & General
Topic: Don’t cheat yourself with the 4% rule
Replies: 159
Views: 17970

Re: Don’t cheat yourself with the 4% rule

Rarely mentioned by the ultra-low SWR planners (that also often seem keen on discounting pensions and SS) are how many more years or decades they worked or plan to work versus using more normal assumptions. I also hope they have $5 million or more. 2.5% SWR on say $2 million is $50K a year household...
by MnD
Tue Jun 05, 2018 10:37 pm
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 433
Views: 50638

Re: How much money do you want to retire?

Enough to have a somewhat higher financial standard of living versus working since we will have more time to enjoy it. We've reached that and will be taking down the "brains and bodies for rent" signs in less than 3-6 months for me and 6-9 months for her! We don't serially compound negative assumpti...
by MnD
Mon Jun 04, 2018 3:01 pm
Forum: Investing - Help with Personal Investments
Topic: Buying Treasury Bills: Treasury Direct or Vanguard / Fidelity
Replies: 55
Views: 7539

Re: Buying Treasury Bills: Treasury Direct or Vanguard / Fidelity

^That's an excellent question to ask Schwab. Whenever I see such questions I have to wonder whether these brokerage firms are so bad that no one wants to call them up and get some service from customer service reps. So help us out here and let us know what Schwab tells you. Thanks! I already did th...
by MnD
Mon Jun 04, 2018 2:41 pm
Forum: Investing - Help with Personal Investments
Topic: Buying Treasury Bills: Treasury Direct or Vanguard / Fidelity
Replies: 55
Views: 7539

Re: Buying Treasury Bills: Treasury Direct or Vanguard / Fidelity

When does the cash need to be in your brokerage account relative to these T-bill auction purchases? My cash is in a Schwab Prime (purchased) Money Market fund in the same account where I'll be buying the T-bills. This MM fund is not the sweep account. In other words for a given auction date, when sh...
by MnD
Mon Jun 04, 2018 1:50 pm
Forum: Investing - Help with Personal Investments
Topic: Just realized that our MFs have high expense ratios
Replies: 28
Views: 2832

Re: Just realized that our MFs have high expense ratios

Working directly with Schwab, Fidelity or Vanguard or another reputable low-cost broker, your wife can move all these accounts with securities intact away from where they are now to appropriately titled brokerage accounts. She should not first contact her current adviser to give him/her a "heads up"...
by MnD
Mon Jun 04, 2018 11:07 am
Forum: Investing - Help with Personal Investments
Topic: TSP Advice - Retiring Soon
Replies: 18
Views: 1545

Re: TSP Advice - Retiring Soon

Rollover a portion of the TSP to a Traditional IRA and do Roth conversions to the top of the 12% or 24% bracket, depending on what you expect your marginal rate will be after age 70. This advice should be taken with a grain of salt. It could result in paying far more in taxes than is necessary or a...