Search found 1824 matches

by 1210sda
Thu May 13, 2021 7:46 pm
Forum: Personal Consumer Issues
Topic: how much is integrity worth?
Replies: 25
Views: 2211

Re: how much is integrity worth?

lightheir wrote: Thu May 13, 2021 6:26 pm
I value integrity highly. You can't put a price on it.
Indeed!!
by 1210sda
Fri May 07, 2021 10:33 am
Forum: Personal Finance (Not Investing)
Topic: end-of-life values statement
Replies: 45
Views: 5369

Re: end-of-life values statement

OP, well done!!

I will use this thread as motivation to get started on my own statement.

Granted that these statements are personal, as such I will adapt to my needs using yours as my "format".

Thanks again for being the catalyst!!
by 1210sda
Sat Apr 24, 2021 2:28 pm
Forum: Personal Finance (Not Investing)
Topic: Discuss Net Worth with Adult Children
Replies: 176
Views: 17997

Re: Discuss Net Worth with Adult Children

In a relative's case, their only child married a woman from a different culture, promptly converted to wife's religion, moved her parents in, and had very little contact with his own parents. When the kids were born, they were given names from the wife's culture, raised in the wife's religion, spok...
by 1210sda
Thu Apr 22, 2021 10:25 am
Forum: Personal Finance (Not Investing)
Topic: No wife 401k to build cash for early retirement?
Replies: 6
Views: 805

Re: No wife 401k to build cash for early retirement?

What about your 3 teenagers? Are you planning on paying, fully or partially, for their college?
by 1210sda
Tue Apr 20, 2021 4:40 pm
Forum: Personal Investments
Topic: What does "won the game stop playing" mean in practice?
Replies: 206
Views: 18463

Re: What does "won the game stop playing" mean in practice?

I'm stating a fact, not making a judgement. It's not a fact, it's a hypothetical without empirical applicability. For practical purposes, it's impossible to get the consumption / savings balance exactly right. The real-world choice is between undersaving, then going broke in retirement. Or oversavi...
by 1210sda
Tue Apr 20, 2021 1:05 pm
Forum: Personal Investments
Topic: What does "won the game stop playing" mean in practice?
Replies: 206
Views: 18463

Re: What does "won the game stop playing" mean in practice?

If someone has both a liability matching portfolio and a risk portfolio. And If the LMP is enough to cover their expenses so that they don't need to touch the RP, does the RP then avoid sequence of return risk?
by 1210sda
Mon Apr 19, 2021 10:28 am
Forum: Personal Investments
Topic: What does "won the game stop playing" mean in practice?
Replies: 206
Views: 18463

Re: What does "won the game stop playing" mean in practice?

Klang, thank you for the response. As I said, not everyone will be able to fully fund their expenses with just the fixed income portion of their portfolio. You are fortunate that your Residual Living Expenses are quite low at $15,000. Others may not be as fortunate. Do you consider your portfolio to...
by 1210sda
Sun Apr 18, 2021 10:00 pm
Forum: Personal Investments
Topic: What does "won the game stop playing" mean in practice?
Replies: 206
Views: 18463

Re: What does "won the game stop playing" mean in practice?

I also agree that "stop playing" means reducing your risk. My question is how much can you reduce your risk and still be able to fund 30 years of retirement? (hypothetical, I'm way too old for a 30 year retirement). How does one determine if 50/50 is adequate, or maybe as low as 20/80? How...
by 1210sda
Sat Apr 17, 2021 1:56 pm
Forum: Personal Investments
Topic: withdrawal strategy after market decline
Replies: 44
Views: 3320

Re: withdrawal strategy after market decline

Amortization based withdrawal (ABW) would respond to a decline in portfolio with the same percentage decline in withdrawals if expected returns stay the same and the portfolio is being fully depleted (i.e. no terminal value). A 50% decline in stocks for a 60/40 portfolio is a 30% decline of the por...
by 1210sda
Thu Apr 15, 2021 6:36 pm
Forum: Investing - Theory, News & General
Topic: Sequence of Returns Risk Scenario
Replies: 198
Views: 8802

Re: Sequence of Returns Risk Scenario

I was planning to do something to mitigate SORR. After reading Estrada's article, I decided the cost of insuring against SORR (by reducing equity exposure) wasn't worth it. Two reasons for this decision: being affected by SORR is unlikely and the cost to my portfolio if SORR didn't show up was sign...
by 1210sda
Mon Apr 12, 2021 6:25 pm
Forum: Investing - Theory, News & General
Topic: Is this the single worst time to be a passive investor
Replies: 73
Views: 9477

Re: Is this the single worst time to be a passive investor

aristotelian wrote: Mon Apr 12, 2021 9:04 am To paraphrase Sammy Sosa, passive investing has been very, very good to me.
I always thought that was Chico Escuela (Garrett Morris)!
by 1210sda
Sun Apr 11, 2021 10:13 pm
Forum: Investing - Theory, News & General
Topic: “Buy and Hold No More” says A16Z
Replies: 90
Views: 9327

Re: “Buy and Hold No More” says A16Z

I read all 59 posts. I am now convinced that this time it's different!!
by 1210sda
Wed Mar 31, 2021 8:58 am
Forum: Personal Finance (Not Investing)
Topic: Spending money and living now VS saving and living better later?
Replies: 82
Views: 17511

Re: Spending money and living now VS saving and living better later?

The goal should be to achieve an overall average standard of living over one's life. In other words, one should not live a life of deprivation most of one's life so one can live like a rock start in the last 3 years of one's life. Conversely, one should not live like such a rock star early in life ...
by 1210sda
Fri Mar 26, 2021 2:30 pm
Forum: Investing - Theory, News & General
Topic: "--Jack Bogle chose to make others richer"
Replies: 25
Views: 2997

Re: "--Jack Bogle chose to make others richer"

jibantik wrote: Fri Mar 26, 2021 12:12 pm RIP Jack Bogle. Amazing person, personal hero of mine. :beer
Mine too!! One of the all time greats!!
by 1210sda
Thu Mar 18, 2021 11:33 am
Forum: Investing - Theory, News & General
Topic: cFIREsim has been revised and is super easy to use.
Replies: 193
Views: 17629

Re: Cfiresim has been revised and is super easy to use. (It's based on Firecalc)

Lauren, For a given portfolio level and desired success percent, is there a way to determine the maximum annual withdrawal ? Yup. Set up your portfolio, and then click the "Open Investigation Panel" button at the top right of the Basics section. It will pop open a new section, where you c...
by 1210sda
Thu Mar 18, 2021 11:17 am
Forum: Investing - Theory, News & General
Topic: cFIREsim has been revised and is super easy to use.
Replies: 193
Views: 17629

Re: Cfiresim has been revised and is super easy to use. (It's based on Firecalc)

Lauren,

For a given portfolio level and desired success percent, is there a way to determine the maximum annual withdrawal ?
by 1210sda
Mon Mar 08, 2021 7:41 pm
Forum: Investing - Theory, News & General
Topic: Proper Asset Allocation for High Net Worth
Replies: 74
Views: 6786

Re: Proper Asset Allocation for High Net Worth

What’s the proper allocation for high net worth individuals. Say $10 to $20M. Once the proper allocation for this high net worth individual has been set, is there a need for rebalancing? I suppose if the dollar amount of fixed income is enough to cover expenses (along with other sources of income) ...
by 1210sda
Mon Mar 08, 2021 1:18 pm
Forum: Personal Consumer Issues
Topic: Estate (Home) clean-out after my parents passing - tips and best practices?
Replies: 53
Views: 5920

Re: Estate (Home) clean-out after my parents passing - tips and best practices?

Bnjneer wrote: Mon Mar 08, 2021 8:23 am We finally hired a "picker" that came in and gave an estimate to completely clean out the house and he would sell what he could to offset his time and costs of cleaning out the house.
How did you find this "picker"?
by 1210sda
Sun Mar 07, 2021 8:01 pm
Forum: Personal Consumer Issues
Topic: Estate (Home) clean-out after my parents passing - tips and best practices?
Replies: 53
Views: 5920

Re: Estate (Home) clean-out after my parents passing - tips and best practices?

what an incredible thread! Thank you for starting it.

It's already has us thinking about how we can begin to downsize so that our kid's won't have such a hard time when our time comes.
by 1210sda
Thu Mar 04, 2021 8:47 am
Forum: Personal Investments
Topic: How long would you back a losing horse, to Stay The Course?
Replies: 167
Views: 11573

Re: How long would you back a loosing horse, to Stay The Course?

Tilting is by definition trying to time the market, so switch to Total market and get off the horse. I disagree that tilting is the same thing as trying to time the market. It depends why you are tilting and if you are willing to do so forever. If you hold on to it "forever", it's not Mar...
by 1210sda
Mon Mar 01, 2021 1:03 pm
Forum: Personal Finance (Not Investing)
Topic: How much leave to the charity in will
Replies: 27
Views: 1540

Re: How much leave to the charity in will

We plan on leaving part of our estate to charity. Our thoughts are that the portion that goes to charity will come from our IRA's. If it went to our heirs, they would be taxed at ordinary income tax rates, whereas the charity gets it tax free. Our heirs will get our taxable accounts. Assuming the st...
by 1210sda
Mon Feb 22, 2021 2:43 pm
Forum: Investing - Theory, News & General
Topic: Nate Silver sums up trying to beat the market very well
Replies: 105
Views: 14637

Re: Nate Silver sums up trying to beat the market very well

"It is hard to tell how many investors beat the stock market in the long run, because the data is very noisy, but we know that most cannot relative to their level of risk, since trading produces no net excess return but entails transaction costs, so unless you have inside information, you are ...
by 1210sda
Sun Feb 21, 2021 7:34 pm
Forum: Investing - Theory, News & General
Topic: "This Vanguard ETF Could Make You a Multi-Millionaire With Zero Effort""
Replies: 25
Views: 4247

Re: "This Vanguard ETF Could Make You a Multi-Millionaire With Zero Effort""

i lost confidence when i ran the numbers. Author said, invest $600 a month at 15% return for 35 years would get the investor $6,344,425. Actually it's $8,806,308. Even though she said $600 per month, she actually calculated $7,200 per year for 35 years at 15%. Just a little thing, but misleading (as...
by 1210sda
Sun Feb 21, 2021 5:44 pm
Forum: Personal Investments
Topic: Tubo Tax and foreign tax credit carry forward
Replies: 24
Views: 1390

Re: Tubo Tax and foreign tax credit carry forward

I didn't read all the posts. Sorry if this has already been addressed. For 2020, I was only able to use a very small part of my FTC. The cause for this was that I had a very low tax due. My tax was $71.00. My FTC allowed was $16.00. I was only allowed to use 22.5% of my FTC. I normally have three so...
by 1210sda
Sun Feb 21, 2021 5:02 pm
Forum: Personal Finance (Not Investing)
Topic: Has anyone had a TurboTax return that included a form 1116 accepted?
Replies: 210
Views: 11462

Re: How long is the IRS taking to accept returns

Ours, with $70K in realized losses due to TLH, is pending on day 5. Hmm, and when I tried to sign up for an IRS.gov account it would not accept my AT&T mobile phone for verification. They are sending me an activation code by US mail. Just saw the other thread, how many people who are in a multi...
by 1210sda
Sun Feb 21, 2021 1:53 pm
Forum: Personal Finance (Not Investing)
Topic: Revealing net worth
Replies: 251
Views: 16831

Re: Revealing net worth

As my spouse and I get older(mid to late 70's) the fear of cognitive decline becomes greater. This is pushing us to begin bringing our kids into the tight circle of who knows our finances. We're thinking of showing them our Investment Policy Statement (IPS). We want them to know how we have managed ...
by 1210sda
Thu Feb 18, 2021 12:32 pm
Forum: Investing - Theory, News & General
Topic: Why the disdain for managed funds like ARKK that destroy total market funds?
Replies: 962
Views: 81765

Re: Why the disdain for managed funds like ARKK that destroy total market funds?

1. Any actively managed total market fund, regardless of past performance, "might" outperform the market over the next 15 years. 2. Any actively managed total market fund, regardless of past performance, "might not" outperform the market over the next 15 years. 3. VTSAX "wi...
by 1210sda
Thu Feb 18, 2021 11:20 am
Forum: Investing - Theory, News & General
Topic: Why the disdain for managed funds like ARKK that destroy total market funds?
Replies: 962
Views: 81765

Re: Why the disdain for managed funds like ARKK that destroy total market funds?

1. Any actively managed total market fund, regardless of past performance, "might" outperform the market over the next 15 years. 2. Any actively managed total market fund, regardless of past performance, "might not" outperform the market over the next 15 years. 3. VTSAX "wi...
by 1210sda
Thu Feb 18, 2021 10:25 am
Forum: Investing - Theory, News & General
Topic: Why the disdain for managed funds like ARKK that destroy total market funds?
Replies: 962
Views: 81765

Re: Why the disdain for managed funds like ARKK that destroy total market funds?

1. Any actively managed total market fund, regardless of past performance, "might" outperform the market over the next 15 years. 2. Any actively managed total market fund, regardless of past performance, "might not" outperform the market over the next 15 years. 3. VTSAX "wil...
by 1210sda
Wed Feb 17, 2021 11:28 am
Forum: Investing - Theory, News & General
Topic: Why the disdain for managed funds like ARKK that destroy total market funds?
Replies: 962
Views: 81765

Re: Why the disdain for managed funds like ARKK that destroy total market funds?

wrongfunds wrote: Tue Feb 16, 2021 3:13 pm Applause! (to nisiprius post above)
Applause indeed!

Nisiprius has an elegant writing style. (in addition to being insightful).
by 1210sda
Tue Feb 16, 2021 5:47 pm
Forum: Personal Finance (Not Investing)
Topic: How should I spend all this money?
Replies: 72
Views: 9204

Re: How should I spend all this money?

One way we plan to "spend" all this money is to donate our entire traditional IRA account to charity. The current discussion my wife and I are having is the timing. Should we make the donation after our deaths, or begin now? Donating now provides us with a current tax benefit and the good ...
by 1210sda
Mon Feb 15, 2021 4:18 pm
Forum: Investing - Theory, News & General
Topic: Why the disdain for managed funds like ARKK that destroy total market funds?
Replies: 962
Views: 81765

Re: Why the disdain for managed funds like ARKK that destroy total market funds?

What really revs the engines is when she says something like ".....people think index funds are safe, we do not think so." @36 minutes into this interview. https://youtu.be/JeB84wGeJiA I have to admit my jaw dropped when I heard that. She doesn't reside in Salem does she? Hahhaha. The exp...
by 1210sda
Mon Feb 15, 2021 2:45 pm
Forum: Investing - Theory, News & General
Topic: Why the disdain for managed funds like ARKK that destroy total market funds?
Replies: 962
Views: 81765

Re: Why the disdain for managed funds like ARKK that destroy total market funds?

I'm arguing that if you want to try to beat the market, pursuing other options other than straight index will be necessary. Your counter to my argument might be that the average person can't do it. My counter to that would be that some people can out perform the market. Whether any individual or no...
by 1210sda
Mon Feb 15, 2021 11:45 am
Forum: Investing - Theory, News & General
Topic: Market valuations? Somethings got to give
Replies: 269
Views: 19176

Re: Market valuations? Somethings got to give

My IPS explicitly states, "ignore valuations," so this entire thread is not actionable for me. Exactly. This entire discussion, while entertaining, is moot for Bogleheads. 1. I know nothing! (thanks Klangfool) 2. Many years ago I developed my IPS. I believe and hope that this was done at ...
by 1210sda
Sun Feb 14, 2021 8:49 pm
Forum: Investing - Theory, News & General
Topic: Why the disdain for managed funds like ARKK that destroy total market funds?
Replies: 962
Views: 81765

Re: Why the disdain for managed funds like ARKK that destroy total market funds?

What a great thread!! 1. A pretty broad based defense of passive investing. If I ever start doubting my commitment to passive investing, I'll just come back to this thread. 2. With VTSAX, I can be reasonably assured that I will have achieved the market return in 15 years. With an active fund, there ...
by 1210sda
Sat Feb 13, 2021 10:28 am
Forum: Investing - Theory, News & General
Topic: Question about Fidelity retirement rule of thumb
Replies: 21
Views: 2028

Re: Question about Fidelity retirement rule of thumb

I’ve seen on this website to shoot for saving 25x average spending. But Fidelity advises: “Fidelity's rule of thumb: Aim to save at least 1x your salary by 30, 3x by 40, 6x by 50, 8x by 60, and 10x by 67” I realize 25x is spending and Fidelity is salary, but still seems like a big difference. Is BH...
by 1210sda
Fri Feb 12, 2021 3:55 pm
Forum: Investing - Theory, News & General
Topic: What happens if you retire using the 4% rule and the market crashes 40%+ the next week
Replies: 118
Views: 10621

Re: What happens if you retire using the 4% rule and the market crashes 40%+ the next week

Firecalc has an option buried in the "Investigate" tab that gives you a spreadsheet showing the annual portfolio values for all 30 year periods (or whatever length you chose on the starting page), starting with every year from 1871 until (currently) 1990. Look for the checkbox after the w...
by 1210sda
Wed Feb 10, 2021 9:00 am
Forum: Investing - Theory, News & General
Topic: Never Ever Rebalance Bonds into Stocks?
Replies: 300
Views: 27506

Re: Never Ever Rebalance Bonds into Stocks?

longinvest wrote: Wed Jan 27, 2021 7:59 am I think that many investors would be much better (off) to put their entire portfolio into a single automatically-rebalanced globally-diversified balanced index fund in all accounts as suggested in the One-Fund Portfolio thread.
Worth repeating!! (IMHO)
by 1210sda
Sun Feb 07, 2021 9:00 am
Forum: Investing - Theory, News & General
Topic: Retirees: How typical am I?
Replies: 82
Views: 7376

Re: Retirees: How typical am I?

I'm officially retired 10 years and have no idea what my withdrawal rate has been. I have less than $1 million, no pension and spend as I need to. My life is good! "If you don't know where you're going, any road will get you there." (Was that from "Alice in Wonderland"?) Edit: Y...
by 1210sda
Wed Feb 03, 2021 7:54 pm
Forum: Personal Consumer Issues
Topic: Need a cheaper cell phone plan
Replies: 79
Views: 7251

Re: Need a cheaper cell phone plan

So much of this depends on how much you really talk on the phone outside the home. I got my daughter a Tracfone plan for iPhone, it's like $120 for a whole year. Something like 1500 minutes of talk time, 1.5GB data. Because 99% of her communication is with Wi-Fi at home, almost none of this is used...
by 1210sda
Mon Feb 01, 2021 2:37 pm
Forum: Investing - Theory, News & General
Topic: Does the 4% rule take tax, fees etc into account?
Replies: 362
Views: 12945

Re: Does the 4% rule take tax, fees etc into account?

If you pay a 1% AUM fee then you now have only 3% left to pull as an example. This last bit makes it really obvious how expensive AUM fees are. 1% doesn't sound like much, but it cuts your spending ability by 25%. ^^^^This!! and, if your SWR is 3% or 2%, then you would be reducing your residual liv...
by 1210sda
Sat Jan 30, 2021 10:19 pm
Forum: Investing - Theory, News & General
Topic: Shorting more than 100%
Replies: 62
Views: 5792

Re: Shorting more than 100%

The always entertaining Matt Levine @Bloomberg wrote about this on Monday 1/25/21. See: https://www.bloomberg.com/opinion/articles/2021-01-25/the-game-never-stops and be sure to follow the link to Footnote #3. Fun reading. Very interesting, thanks for sharing. Written on Monday, I wonder what else ...
by 1210sda
Mon Jan 25, 2021 1:05 pm
Forum: Investing - Theory, News & General
Topic: Year 2000 retirees using the '4% rule' - Where are they now?
Replies: 829
Views: 129039

Re: Year 2000 retirees using the '4% rule' - Where are they now?

Just a little clarification...... In the "CashFlows" section, you have four choices: None, Contribute Fixed Amount, Withdraw Fixed Amount and Withdraw Fixed Percent. There is no option for "Increase Initial W/D by inflation". If the "Cashflows" box is set to "With...
by 1210sda
Mon Jan 25, 2021 1:01 pm
Forum: Investing - Theory, News & General
Topic: Year 2000 retirees using the '4% rule' - Where are they now?
Replies: 829
Views: 129039

Re: Year 2000 retirees using the '4% rule' - Where are they now?

Will, I got it. That's a good tab. I hadn't even noticed it. I was using the chart instead. I guess what threw me a bit is that the first withdrawal on the Annual Returns tab is for $41,335. I was expecting $40,000. It appears that Port Visualizer makes the withdrawal at the end of the year. To me i...
by 1210sda
Mon Jan 25, 2021 12:29 pm
Forum: Investing - Theory, News & General
Topic: Year 2000 retirees using the '4% rule' - Where are they now?
Replies: 829
Views: 129039

Re: Year 2000 retirees using the '4% rule' - Where are they now?

To Willthrill: I would like to try and duplicate this analysis. (so that I can understand it better and do my own "whatifs") You mentioned you used portfoliovisualizer, which one in particular and what were your inputs. If you've already described this I apologize, but this is a long thre...
by 1210sda
Mon Jan 25, 2021 9:48 am
Forum: Investing - Theory, News & General
Topic: Year 2000 retirees using the '4% rule' - Where are they now?
Replies: 829
Views: 129039

Re: Year 2000 retirees using the '4% rule' - Where are they now?

To Willthrill: I would like to try and duplicate this analysis. (so that I can understand it better and do my own "whatifs") You mentioned you used portfoliovisualizer, which one in particular and what were your inputs. If you've already described this I apologize, but this is a long threa...
by 1210sda
Thu Jan 21, 2021 7:36 pm
Forum: Personal Finance (Not Investing)
Topic: Millionaire Parents: Do Your Kids Know You're Rich?
Replies: 194
Views: 11303

Re: Millionaire Parents: Do Your Kids Know You're Rich?

KlangFool wrote: Thu Jan 21, 2021 12:54 pm 2) A sign of being wealthy is to be able to do not care about others' opinions.
KlangFool
Hey KF, don't forget this..... :) :)
by 1210sda
Sun Jan 17, 2021 5:02 pm
Forum: Personal Finance (Not Investing)
Topic: Wife's access to things after my death
Replies: 74
Views: 6564

Re: Wife's access to things after my death

why probate in this case?/.. isnt wife sole beneficiary if husband dies? No it would be intestate probate and the court will divide the assets according to state law. The only assets that would go through probate court are those that are titled solely in the decedents name. If all his assets are jo...