Search found 1853 matches

by 1210sda
Sat Nov 06, 2021 3:09 pm
Forum: Personal Investments
Topic: Help me understand SWR rate
Replies: 162
Views: 11994

Re: Help me understand SWR rate

Great topic. Making my own sticky.
by 1210sda
Fri Sep 03, 2021 12:13 pm
Forum: Personal Consumer Issues
Topic: Windows Defender
Replies: 20
Views: 2984

Windows Defender

Is Windows Defender enough for AV or do I need something like Norton or McAfee?
by 1210sda
Sat Aug 14, 2021 3:23 pm
Forum: Personal Finance (Not Investing)
Topic: Self-Insuring for Long Term Care
Replies: 189
Views: 16510

Re: Self-Insuring for Long Term Care

TomatoTomahto wrote: Thu Aug 05, 2021 3:41 pm If you’re self insuring you need sufficient funds in safe assets. We do a quasi-Liability Matching Portfolio, but that’s only one way to approach this.
[/quote

TT,what's a quasi-LMP?
by 1210sda
Tue Jun 08, 2021 3:06 pm
Forum: Personal Investments
Topic: Does a research department at an education institution qualify for QCD treatment
Replies: 6
Views: 604

Does a research department at an education institution qualify for QCD treatment

I'm trying to determine if a research department at a medical school qualifies for QCD status.
by 1210sda
Mon Jun 07, 2021 11:22 am
Forum: Investing - Theory, News & General
Topic: My favorite authors are turning their backs on Bonds
Replies: 167
Views: 22307

Re: My favorite authors are turning their backs on Bonds

MPT isn't a bunch of vague bromides. People knew about diversification thousands of years ago. MPT is a mathematical optimization technique that requires asset correlation matrices, expected future variance estimates, and expected future returns estimates. The fact that people "knew about diversification" long before 1952 has no bearing on seismic shift that resulted from the insight that Markowitz published. Before Markowitz there was no coherent formal theory which guided portfolio construction. Portfolio construction was essentially just a matter of doing security analysis to identify assets with high expected returns and then putting them together. The concept of diversification certainly existed, but only in a vague way. The...
by 1210sda
Mon Jun 07, 2021 8:42 am
Forum: Investing - Theory, News & General
Topic: My favorite authors are turning their backs on Bonds
Replies: 167
Views: 22307

Re: My favorite authors are turning their backs on Bonds

Isn't one of the concepts of MPT that you should look at portfolio return in total and not at the individual components of the portfolio.

Is this right?
by 1210sda
Mon May 31, 2021 6:31 pm
Forum: Personal Investments
Topic: Is the three fund approach still recommended here??
Replies: 66
Views: 7071

Re: Is the three fund approach still recommended here??

What is the opposite of "fearmongering?"
by 1210sda
Mon May 31, 2021 11:46 am
Forum: Personal Investments
Topic: Is the three fund approach still recommended here??
Replies: 66
Views: 7071

Re: Is the three fund approach still recommended here??

I thought the three fund approach was still appropriate. My issue is with the VBTLX fund. Having 55k just sitting in that fund not making money is gut wrenching. I have trouble understanding how someone having 5% of their money in bonds finds the underperformance of bonds "gut wrenching". Is that just hyperbole, or do you actually feel anguish every time you think about your bond allocation? And if the slight underperformance of your portfolio in good times due to your bonds is gut wrenching, how will you stand the loss of 30-50% of your stock value in a serious downturn? +1 how will you react if we have a major downturn and your portfolio drops from $1,000,000 to $500,000. If you find the actions of 5% of your portfolio "gu...
by 1210sda
Sun May 30, 2021 10:52 am
Forum: Personal Investments
Topic: Is the three fund approach still recommended here??
Replies: 66
Views: 7071

Re: Is the three fund approach still recommended here??

We value simplicity, therefore we are exclusively using the three fund portfolio (other than bank accounts).

If I predecease my wife, simplicity will become even more important.

The plan then is to exchange the three fund portfolio into a Lifestrategy fund.
by 1210sda
Sun May 30, 2021 10:07 am
Forum: Investing - Theory, News & General
Topic: What percentage of your portfolio is active?
Replies: 138
Views: 11722

Re: What percentage of your portfolio is active?

Other than checking and savings, 0% Active.

65%/35% using the 3 fund portfolio.
by 1210sda
Sat May 29, 2021 12:56 pm
Forum: Personal Finance (Not Investing)
Topic: Don’t need a PUP? [personal umbrella policy]
Replies: 145
Views: 24987

Re: Don’t need a PUP? [personal umbrella policy]

I am a personal injury lawyer. Here is my perspective. First the size of the claim doesn’t care what your net worth is. If your net worth is five million and that’s what you insure for, fine - unless you paralyze a few people due to your negligence and the fair amount of their claim is 50 million. So getting an umbrella to match your net worth doesn’t make sense as far as it doesn’t limit the size of the claim. But here is where the 5 million umbrella helps you. In order for a plaintiff to get more than that, they will have to turn it down in settlement, get a verdict of more than that, and institute what is essentially a second suit to try and collect the amount over 5 million. That switches the risk to the plaintiff. Most of the time I’m...
by 1210sda
Fri May 28, 2021 3:46 pm
Forum: Personal Investments
Topic: Newly Written Trust and pass IRA to wife after death
Replies: 6
Views: 1215

Re: Newly Written Trust and pass IRA to wife after death

Thank you Alan S for your thorough explanation.
by 1210sda
Fri May 28, 2021 10:06 am
Forum: Personal Finance (Not Investing)
Topic: Don’t need a PUP? [personal umbrella policy]
Replies: 145
Views: 24987

Re: Don’t need a PUP? [personal umbrella policy]

A couple of years ago, Kiplinger's Personal Finance magazine had an article on how big an Umbrella liability policy one needs. They had a worksheet that said essentially: 1. Your Net Worth: Your starting point is your assets minus your debt. 2. Minus your "Homestead Exemption": This is the amount of equity you currently have in your home,up to your state's exemption limit. 3. Minus the value of your retirement accounts: check your state's limits. 4. Minus the limits of your liability coverage: This is your auto liability coverage for injury to one person, or your homeowners liability coverage which ever is less. 5.Equals Your Coverage amount: Round to the next million. This is your target coverage for an Umbrella. Hope this helps...
by 1210sda
Thu May 27, 2021 4:53 pm
Forum: Personal Consumer Issues
Topic: HVAC in Texas: how long to use band-aids?
Replies: 69
Views: 7582

Re: HVAC in Texas: how long to use band-aids?

I had a similar-age unit smaller 2t unit and am very glad I replaced it before it failed. I got 6 quotes and they varied by 2x, which was similar to my experience in my other residence (3t, again varied by 2x for similar-rated equipment.) And my experience has been that replacement, even in the off-season, takes several weeks from start (getting quotes) to finish. But like with so many things on Bogleheads, you will find equally valid experiences that range all over the place. You can't assume anyone else's experiences will apply to you, no matter how insistent someone is that they should. Tibbitts, I assume you did this pre-emptively. Did you get much hassle in trying to get a quote. Once you received the quotes were you hounded by them t...
by 1210sda
Thu May 27, 2021 10:24 am
Forum: Personal Finance (Not Investing)
Topic: Utility of additional nest egg after hitting your number?
Replies: 105
Views: 13803

Re: Utility of additional nest egg after hitting your number?

In our case (retired for 20 yrs), an additional $1,000,000 would probably go mostly to increasing our "reserve".

As far as additional spending, it might nudge us into perks such as flying first class, gifting to kids, etc.

Don't discount the comfort level that having a substantial reserve provides. It greatly reduces the fear of running out of money. If we happen to leave a larger estate than initially envisioned, so be it! Lucky kids and charities.
by 1210sda
Mon May 24, 2021 10:03 am
Forum: Personal Finance (Not Investing)
Topic: Don’t need a PUP? [personal umbrella policy]
Replies: 145
Views: 24987

Re: Don’t need a PUP? [personal umbrella policy]

A couple of years ago, Kiplinger's Personal Finance magazine had an article on how big an Umbrella liability policy one needs. They had a worksheet that said essentially: 1. Your Net Worth: Your starting point is your assets minus your debt. 2. Minus your "Homestead Exemption": This is the amount of equity you currently have in your home,up to your state's exemption limit. 3. Minus the value of your retirement accounts: check your state's limits. 4. Minus the limits of your liability coverage: This is your auto liability coverage for injury to one person, or your homeowners liability coverage which ever is less. 5.Equals Your Coverage amount: Round to the next million. This is your target coverage for an Umbrella. Hope this helps ...
by 1210sda
Sun May 23, 2021 7:06 pm
Forum: Personal Investments
Topic: Any free Vanguard basic advisory services available anymore?
Replies: 12
Views: 2626

Re: Any free Vanguard basic advisory services available anymore?

patrick013 wrote: Sun May 23, 2021 6:33 pm
investor_1 wrote: Sat May 01, 2021 6:14 pm The only thing I can find is their Personal Advisor Service which is a fee-based service.
Vanguard Digital Advisor | Vanguard

You could try this while not being free the ER for everything is capped at .20%
Basic use of VG funds and rebalance which you could easily do with a two-fund
portfolio yourself.

Vanguard Digital Advisor Review 2021: Pros, Cons
Thanks for the links, especially the Nerdwallet one.
by 1210sda
Sun May 23, 2021 5:04 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard Tertiary Beneficary?
Replies: 14
Views: 1686

Re: Vanguard Tertiary Beneficary?

we have our trust (which then handles other individuals or donations) as contingent, but from a very early thread it was said that VG doesn't handle trusts as beneficiaries very well (that was a Very old thread... perhaps it has improved in the intervening years)... we have "chuck" It's tricky to get a charitable deduction for IRA benefits going to charity through a trust. Why not simply provide for charity on the IRA beneficiary designation (or rider)? Bruce, I was under the impression that if you had a charity and a "regular" person as beneficiaries on the same IRA that the distribution of the IRA would have to be done on an accelerated schedule since the charity has a zero life expectancy. I suppose that with the eli...
by 1210sda
Sat May 22, 2021 9:58 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard Tertiary Beneficary?
Replies: 14
Views: 1686

Re: Vanguard Tertiary Beneficary?

Also, I tried to have Vanguard split the IRA into two separate ones and they said they were not allowed to. There are workarounds. For example, transfer half the IRA to Fidelity. Have one beneficiary at Fidelity, a different one at Vanguard. If you so wish you can later transfer the Fidelity IRA back to Vanguard into a different IRA name. Even if they won't split an existing IRA, Vanguard appears to allow transfers to go into a new IRA. Thank you. It's not an issue for me anymore. We decided to give the entire IRA to charity (charities) and our taxable assets to our kids. If the step up in basis (oops) is still in effect at the time of our passing, everything would pass income tax free. Mods, please don't lock this. If necessary, I'll edit...
by 1210sda
Sat May 22, 2021 6:57 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard Tertiary Beneficary?
Replies: 14
Views: 1686

Re: Vanguard Tertiary Beneficary?

we have our trust (which then handles other individuals or donations) as contingent, but from a very early thread it was said that VG doesn't handle trusts as beneficiaries very well (that was a Very old thread... perhaps it has improved in the intervening years)... we have "chuck" It's tricky to get a charitable deduction for IRA benefits going to charity through a trust. Why not simply provide for charity on the IRA beneficiary designation (or rider)? Bruce, I was under the impression that if you had a charity and a "regular" person as beneficiaries on the same IRA that the distribution of the IRA would have to be done on an accelerated schedule since the charity has a zero life expectancy. I suppose that with the eli...
by 1210sda
Wed May 19, 2021 6:32 pm
Forum: Personal Finance (Not Investing)
Topic: Clarification on 25x annual spending rule
Replies: 67
Views: 7073

Re: Clarification on 25x annual spending rule

Really? There is no comparison at all to a system that cannot fail and one that can. Strictly speaking (mathematically speaking), there are several methods that can't fail. While I'm not endorsing it, as just an example, the "constant percent" method cannot fail. If you only withdraw a percent of something indefinitely, it never hits zero. I would never use a system that had a failure rate. To each his/her own. There's a big difference between "constant-dollar" not failing (yet) vs "constant-percentage" not failing. The former always carries a non-zero risk of failure. Some SWR just hasn't experienced it yet, given our historical data. The latter mathematically never fails. Please define what you mean by succe...
by 1210sda
Wed May 19, 2021 10:55 am
Forum: Non-US Investing
Topic: [Australia] Should I manage my mother's financial affairs and sack her financial advisor
Replies: 21
Views: 4434

Re: Should I manage my mother's financial affairs and sack her financial advisor

tibbitts wrote: Wed May 19, 2021 10:36 am
1210sda wrote: Wed May 19, 2021 10:08 am If you decide to keep the advisor, can you negotiate a lower fee? Or, ask if she could pay based on an hourly rate.

Someone mentioned earlier about POA's. Be sure to have these in order. Things move fast in your late seventies and after. Better to be prepared even if you're a little early rather than be a little late.
A 1% AUM is extraordinarily low for the balance in this example. I don't think hourly would be lower cost, and certainly the vast majority of advisers working for the usual investment companies wouldn't have the option of changing the fee structure.

Agree on having the estate plan in place, though.
I believe "if you don't ask, you don't get". No guarantees however.
by 1210sda
Wed May 19, 2021 10:08 am
Forum: Non-US Investing
Topic: [Australia] Should I manage my mother's financial affairs and sack her financial advisor
Replies: 21
Views: 4434

Re: Should I manage my mother's financial affairs and sack her financial advisor

If you decide to keep the advisor, can you negotiate a lower fee? Or, ask if she could pay based on an hourly rate.

Someone mentioned earlier about POA's. Be sure to have these in order. Things move fast in your late seventies and after. Better to be prepared even if you're a little early rather than be a little late.
by 1210sda
Tue May 18, 2021 5:45 pm
Forum: Investing - Theory, News & General
Topic: Vanguard to Open New Office in Dallas
Replies: 23
Views: 3821

Re: Vanguard to Open New Office in Dallas

Has this info shown up on the Vanguard website?
by 1210sda
Tue May 18, 2021 9:53 am
Forum: Personal Finance (Not Investing)
Topic: Schwab survey: Net worth of $624k is all that's needed to be “financially comfortable”
Replies: 152
Views: 21119

Re: Schwab survey: Net worth of $624k is all that's needed to be “financially comfortable”

This is a wonderful forum. However, it does provide a skewed view of financial reality as compared to many non-Bogleheads.

Also, as was mentioned earlier "where you live" has a huge impact on how much you'll need to be "comfortable".
Your financial obligations (mortgage, college expenses for kids, supporting elderly parents, etc.) also are a major consideration.

Based on this, $624k might be a lot, just right or not enough.
by 1210sda
Sun May 16, 2021 6:16 pm
Forum: Personal Investments
Topic: 18 to 100 percent annual return fund
Replies: 223
Views: 41708

Re: 18 to 100 percent annual return fund

johnsmithsf wrote: Fri Feb 12, 2021 1:07 am That's why it has piqued my interest.
OP,

1. This sounds like major FOMO.

2. In the website, they claim to "believe" in the Efficient Market Theory (Hypothesis?). EMH doesn't believe in Alpha, so just how much risk are they expecting (or trying to rationalize their way through?)

3. Diamond levels, Platinum levels?? Your friend is now into recruiting new investors? Smells like MLM!

4. From your posts you appear to be an intelligent person. Why did it take you so long to recognize the scam?
by 1210sda
Sun May 16, 2021 11:43 am
Forum: Personal Investments
Topic: Percent Asset Allocation, or Dollar Asset Allocation??
Replies: 12
Views: 1356

Re: Percent Asset Allocation, or Dollar Asset Allocation??

1210sda wrote: Sat May 15, 2021 4:59 pm But, is this too high a percent AA for a 70 year old? Or, should the $1,000,000 in bonds and cash be the key consideration?
My view is that the higher percent AA is not too high for a 70 year old given the comfortable amount in Bonds and Cash.

(I realize that "comfortable" has a variety of interpretations.....)

Thanks to everyone for their responses!!
by 1210sda
Sat May 15, 2021 5:29 pm
Forum: Personal Investments
Topic: Percent Asset Allocation, or Dollar Asset Allocation??
Replies: 12
Views: 1356

Re: Percent Asset Allocation, or Dollar Asset Allocation??

goodenyou wrote: Sat May 15, 2021 5:19 pm You need to change your math. If you now have $3,000,000, your SWR for $80,000 of income is 2.7% (lower than the 4% @$2,000,000). The lower SWR is lower risk.

The time frame for legacy is much longer, which is favorable to them. It favors more stocks.
So, are you saying that the additional lower risk due to the 2.7% provides even more support for the riskier portfolio?
by 1210sda
Sat May 15, 2021 4:59 pm
Forum: Personal Investments
Topic: Percent Asset Allocation, or Dollar Asset Allocation??
Replies: 12
Views: 1356

Percent Asset Allocation, or Dollar Asset Allocation??

1. Retiree is 70 years old. He has an investment portfolio of $2,000,000. $1,000,000 is in bonds and cash, and $1,000,000 is in stocks for a 50%/50% percent AA. He plans to withdraw 4% swr from his portfolio ($80,000) which together with $40,000 in Soc Sec will provide them with $120,000 to spend. He is satisfied that this will provide a very satisfactory lifestyle. 2. Shortly after he retires, he finds out that a distant, wealthy relative has left him an inheritance of $1,000,000. He is now wondering if he should continue with his 50/50 AA or not. He reasons that if $1,000,000 in bonds and cash was completely satisfactory before the new money, why would it not be adequate now? If he were to put the new $1,000,000 all into stocks, he would ...
by 1210sda
Thu May 13, 2021 7:46 pm
Forum: Personal Consumer Issues
Topic: how much is integrity worth?
Replies: 25
Views: 3051

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: 7045

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: 21417

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, spoke their mother's language, and only visited the paternal grandparents once every 3/4 years (whilst living full time with the maternal grandparents). Relative was HNW and after years of trying to build a relationship with the DIL & grandkids, gave up. He left 80% of his wealth to various charities and the rest 20% to a niece who moved in and took care of his wife and him in their old age. You should have seen the son's face when the will was r...
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: 1061

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: 250
Views: 38829

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

watchnerd wrote: Tue Apr 20, 2021 2:49 pm
dbr wrote: Tue Apr 20, 2021 2:44 pm

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 oversaving, and not going broke.
Well said.

I guess in a perfect world one could get the balance exactly right. I don't live there.
by 1210sda
Tue Apr 20, 2021 1:05 pm
Forum: Personal Investments
Topic: What does "won the game stop playing" mean in practice?
Replies: 250
Views: 38829

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: 250
Views: 38829

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 be a Liability Matching Portfolio?

What does your Fixed Income portfolio consist of?
by 1210sda
Sun Apr 18, 2021 10:00 pm
Forum: Personal Investments
Topic: What does "won the game stop playing" mean in practice?
Replies: 250
Views: 38829

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 much risk reducing can you afford?

For those with a large amount of assets (Tomato, etc.) a liability matching approach seems like a worthy consideration.

Unfortunately, not everyone will be able to fully fund their expenses with just the fixed income portion of their portfolio.
by 1210sda
Sat Apr 17, 2021 1:56 pm
Forum: Personal Investments
Topic: withdrawal strategy after market decline
Replies: 44
Views: 4192

Re: withdrawal strategy after market decline

Ben Mathew wrote: Sat Apr 17, 2021 12:10 pm 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 portfolio. So withdrawals will reduce by 30%. Rebalance back to 60/40.
Thanks Ben. Can always count on you.

So, if the OP's expenses are 50% discretionary (i.e. 50% non discretionary), then he should be able to fully cover his non discretionary and still have 20% to use as discretionary. Right?
by 1210sda
Thu Apr 15, 2021 6:36 pm
Forum: Investing - Theory, News & General
Topic: Sequence of Returns Risk Scenario
Replies: 198
Views: 12622

Re: Sequence of Returns Risk Scenario

dogagility wrote: Thu Apr 15, 2021 4:16 pm 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 significant (~15% of portfolio according to my plan).

https://papers.ssrn.com/sol3/papers.cfm ... id=3685653
Dogagility, thanks for the link to Estrada's article.

If the cost of SORR to the portfolio does turn out to be 15%, does that mean you could reduce your SWR from 4% to 3.4% (4% times 85%) and be ok?
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: 11088

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: 10997

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: 103
Views: 24559

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 such that one is destitute later in life and has to eat cat food in old age. Stated yet another way, one's present self should only "steal" enough from one's future self so that one's present self enjoys a standard of living somewhere in the ball park of one's future self. How to achieve this however is another question. This type of balance is what we wanted to achieve. Unfortunately, we are dealing with an unknowable future. As it tur...
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: 3625

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: 257
Views: 35391

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 can toggle an investigation of Maximum Spending, given a success threshold. It shows the result on the Output page under the graph. -Lauren Thank you. At first I didn't notice the switch that I had to turn on. Is there a way to print and/or save this? P.S. Sorry to come off as such a dummy, but the first time I tried to click on the "Open Investigations Panel", I double clicked and it opened and then closed the panel. Just FYI
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: 257
Views: 35391

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 6:41 pm
Forum: Investing - Theory, News & General
Topic: Proper Asset Allocation for High Net Worth
Replies: 75
Views: 10964

Re: Proper Asset Allocation for High Net Worth

Leesbro63 wrote: Sun Mar 07, 2021 6:56 am 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) then you could let the equity side grow (hopefully) rather than rebalancing.
by 1210sda
Mon Mar 08, 2021 12:18 pm
Forum: Personal Consumer Issues
Topic: Estate (Home) clean-out after my parents passing - tips and best practices?
Replies: 56
Views: 10409

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

Bnjneer wrote: Mon Mar 08, 2021 7:23 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 7:01 pm
Forum: Personal Consumer Issues
Topic: Estate (Home) clean-out after my parents passing - tips and best practices?
Replies: 56
Views: 10409

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.