Search found 135 matches

by calmaniac
Tue Oct 15, 2019 6:48 pm
Forum: Investing - Theory, News & General
Topic: Edward Jones presentation at the senior center
Replies: 44
Views: 5897

Re: Edward Jones presentation at the senior center

What a great opportunity to take advantage of local Atlanta* Boglehead expertise and organize a senior center seminar on the Boglehead approach to investing.

*I'm local to Washington, D.C., so easy for me to say..... :D
by calmaniac
Sat Oct 05, 2019 10:47 pm
Forum: Personal Finance (Not Investing)
Topic: Long term care insurance [looking for information]
Replies: 52
Views: 3011

Re: Long term care insurance [looking for information]

Check out the Bogleheads Wiki on Long term care insurance: https://www.bogleheads.org/wiki/Long-te ... _insurance

In the upper right hand corner of this screen is a search bar, type in "Long term care insurance" and read previous posts. Those posts will be full of additional resources and wisdom.
by calmaniac
Mon Sep 16, 2019 2:44 pm
Forum: Personal Investments
Topic: Math is scary
Replies: 42
Views: 6793

Re: Math is scary

mikemikemike,

Just the fact that you are thinking about this now and not 10 years before the fact is wonderful! You have 30 years to take advantage of savings and compounding.
by calmaniac
Tue Aug 13, 2019 8:09 pm
Forum: Personal Consumer Issues
Topic: Do you "lock" computers in your home?
Replies: 77
Views: 5512

Re: Do you "lock" computers in your home?

Yes, I have my laptop set to autolock after 5 minutes. I also wear seat belts, even though I have yet to have ever needed them. :happy
by calmaniac
Thu Aug 08, 2019 9:38 pm
Forum: Personal Finance (Not Investing)
Topic: Bogleheads, give me strength to resist a car purchase when I find myself way ahead of our financial goals
Replies: 61
Views: 4324

Re: Bogleheads, give me strength to resist a car purchase when I find myself way ahead of our financial goals

You are assuming 7% returns going forward? That's optimistic, and if inflation is 2% that's only 5% nominal returns anyhow. When all you know is a few years of living with a financial tailwind, you start to think life is always good. As others have pointed out it ain't. There are going to be ups and...
by calmaniac
Mon Aug 05, 2019 8:45 pm
Forum: Personal Investments
Topic: How much Small Cap Value?
Replies: 52
Views: 3505

Re: How much Small Cap Value?

So, what is the point of tilting if the different tilt winners just alternate over time? Might as well just invest in the average and sleep easy. --- SNIP --- What is "the average"? There are many ways to calculate what the total stock market is doing ---> "the average". Using the S&P500 or VTSAX s...
by calmaniac
Fri Jul 26, 2019 9:10 pm
Forum: Personal Finance (Not Investing)
Topic: DAF for church offering? [Donor Advised Fund]
Replies: 81
Views: 9902

Re: DAF for church offering? [Donor Advised Fund]

Rather than give $5k yearly to the donor advised fund, you will get more tax deductions by giving $10k every other year. With the 2017 tax law, standard deductions are increased, such that you don't get as much additional deduction by itemizing. By bunching your contributions every other year you wi...
by calmaniac
Tue Jul 23, 2019 8:06 pm
Forum: Personal Investments
Topic: specific investments when market crashes
Replies: 38
Views: 4114

Re: specific investments when market crashes

I would do Roth conversions on some of the stock funds in a tIRA, putting them in Roth instead. The taxes on the Roth conversion will be a bargain compared to converting at almost any other time! PS. This is what I did in 2008. Some days I get tired reading the same old Bogleheads stuff and then I ...
by calmaniac
Mon Jul 22, 2019 9:40 pm
Forum: Personal Investments
Topic: More aggressive portfolio with a pension?
Replies: 52
Views: 7196

Re: More aggressive portfolio with a pension?

During the accumulation phase (working years) one focuses on net worth. However, in retirement the more important metric is cash flow. Who cares how much money you have in the bank? It's how much money you have to live on day in and day out. The question is: what are your expenses and what are your ...
by calmaniac
Thu Jul 04, 2019 1:51 pm
Forum: Personal Finance (Not Investing)
Topic: Staying the course is so hard (support thread)
Replies: 141
Views: 14486

Re: Staying the course is so hard (support thread)

As a physician who took a research career path (≈1/3 your pay, engaging work I love) I am always struck by posts such as yours. Middle-aged docs with a massive income, working to exhaustion, burnt out, and wanting to retire ASAP. Personal finance and financial independence are tools, means to an end...
by calmaniac
Mon Jun 24, 2019 9:23 pm
Forum: Investing - Theory, News & General
Topic: Crypto bulls are back. Are you getting in?
Replies: 278
Views: 24671

Re: Crypto bulls are back. Are you getting in?

No, no, and no. (Apparently you need at least 5 characters to post to the forum, hence the multiple "no" response. Not sure Bitcoin is worth 5 characters.
by calmaniac
Mon Jun 24, 2019 9:07 pm
Forum: Personal Investments
Topic: Financial planning now that retired
Replies: 49
Views: 10113

Re: Financial planning now that retired

Katietsu wrote:
Mon Jun 24, 2019 8:49 pm
The good news is that this is all in retirement accounts. Therefore, you can sell everything and reinvest in a simpler portfolio with lower ER’s without any tax consequences.
+1
by calmaniac
Sun Jun 16, 2019 9:39 am
Forum: Personal Consumer Issues
Topic: Mosquitos
Replies: 45
Views: 4015

Re: Mosquitos

As someone who has for 30+ years used DEET during travel in malaria endemic developing countries, I am pleased to see there are now effective alternatives that have been scientifically tested . I emphasize "scientifically tested", as I find the the non-evidence based home remedy mosquito repellant p...
by calmaniac
Thu May 30, 2019 9:06 pm
Forum: Investing - Theory, News & General
Topic: Jim Cramer
Replies: 59
Views: 5798

Re: Jim Cramer

What am I missing here? It's a clown show. The only question is who's the bigger clown, Jim Cramer or the suckers who watch him? Stop watching the TV, it is entertainment not financial wisdom. Do yourself a favor and read a few books on financial planning or investing. Try The 4 Pillars of Investin...
by calmaniac
Mon May 27, 2019 5:26 pm
Forum: Personal Finance (Not Investing)
Topic: Estate Planning question risk of DNA services with half brother relatives filing against estate
Replies: 48
Views: 4003

Re: Estate Planning question risk of DNA services with half brother relatives filing against estate

BTW, Nolo has a 40% Memorial Day sale that ends on 5/28. I've bought their living trust and executor's guide books and thought both were excellent.

www.nolo.com
by calmaniac
Thu May 23, 2019 8:56 pm
Forum: Investing - Theory, News & General
Topic: Switching from Vanguard to Schwab
Replies: 19
Views: 2988

Re: Switching from Vanguard to Schwab

I'm at Schwab and many of my ETFs are from Vanguard. When I buy new shares I have not seen any fees (bought 2 this week). I would check with Schwab, as at least for my account, they have not charged anything for buying Vanguard ETFs.
by calmaniac
Thu May 23, 2019 8:51 pm
Forum: Personal Consumer Issues
Topic: How Do You Organize Your Flash Drives?
Replies: 39
Views: 2856

Re: How Do You Organize Your Flash Drives?

cheese_breath wrote:
Thu May 23, 2019 8:39 pm
I've already got a couple portable hard drives. But there are some things I'd just like to keep separate, and I don't want to dedicate an entire drive to each one.
My USB flash drives all have a lanyard attachment. You could just as easily use that to attach a label.
by calmaniac
Thu May 23, 2019 8:47 pm
Forum: Personal Consumer Issues
Topic: How Do You Organize Your Flash Drives?
Replies: 39
Views: 2856

Re: How Do You Organize Your Flash Drives?

+2 for using a proper external or network drive. I think you need to revisit the whole concept of back-up and do some reading. I have 2 back-ups for my computer, which is less than what real die-hard geeks do. 1. 1 TB external hard drive. I have a Mac and use their Time Machine software to back up e...
by calmaniac
Tue May 21, 2019 1:57 pm
Forum: Personal Consumer Issues
Topic: Renewing TSA Precheck
Replies: 18
Views: 2287

Re: Renewing TSA Precheck

From the TSA website: "Global Entry provides the TSA Pre✓ benefit plus expedited US customs screening for international air travelers when entering the United States. TSA Pre✓ costs $85 and Global Entry costs $100 for a five year membership." If you fly internationally, the extra $15 for Global Entr...
by calmaniac
Thu May 16, 2019 8:58 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage in Retirement
Replies: 73
Views: 5960

Re: Mortgage in Retirement

Having a fixed expense like a mortgage in retirement, by definition, increases your sequence of returns risk because you must pay that mortgage payment every month, regardless of how your investment portfolio is performing. +1 Fewer moving parts when you don't have a mortgage. The Δ between income ...
by calmaniac
Thu May 16, 2019 6:26 pm
Forum: Personal Finance (Not Investing)
Topic: How do I value wife's pension?
Replies: 23
Views: 1903

Re: How do I value wife's pension?

You don't. The calculation you want is not how much the pension contributes to your net worth, it is how much does does net worth contribute to your cash flow. During the accumulation phase (working years) one focuses on net worth. However, in retirement the more important metric is cash flow. Who c...
by calmaniac
Wed May 08, 2019 6:51 pm
Forum: Personal Investments
Topic: My fee only advisor at .8%
Replies: 57
Views: 9013

0.8% is really >25%

Wpines, Those are really high expense ratios (fees). The expense ratios you noted above are roughly around 0.8%, that is more than twenty times the fees that Vanguard, Fidelity, and Schwab charge for most index mutual funds! With the AUM fee of 0.8% plus the expense ratios you noted above (roughly 0...
by calmaniac
Sun May 05, 2019 10:04 am
Forum: Personal Investments
Topic: Say you have a pension & lot of cash. With those in mind, does it make sense to have a more aggressive allocation?
Replies: 62
Views: 4757

Re: Say you have a pension & lot of cash. With those in mind, does it make sense to have a more aggressive allocation?

+1 on what Nutmeg said

Don't count your pension chicks until they've hatched, particularly if the pension source is not well funded (local gov't, company).
by calmaniac
Tue Apr 23, 2019 10:41 pm
Forum: Personal Finance (Not Investing)
Topic: What, if anything, do I owe this guy?
Replies: 82
Views: 8561

Re: What, if anything, do I owe this guy?

Cody6136, Congrats ! You dodged a bullet. There are lots of folks who only learn to get rid of their parasite after several years of blood sucking (search for "Edward Jones" on the B-heads website for some entertainment). And those of us that have never been taken advantage of by an AUM thief have o...
by calmaniac
Sun Mar 31, 2019 8:48 pm
Forum: Personal Consumer Issues
Topic: Best enhancement for folks who work from home
Replies: 42
Views: 4426

Re: Best enhancement for folks who work from home

1. Large monitor 2. PLANTRONICS HW720 EncorePro Premium Binaural Over-the-Head Headset w/Noise Canceling Microphone. I love handsfree. These are the Plantronics headset used in telephone call centers. The mike is highly directional and noise cancelling, so all it picks up is your voice. I have dogs ...
by calmaniac
Fri Mar 29, 2019 8:47 am
Forum: Personal Finance (Not Investing)
Topic: Does anyone here with net worths north of $1 mil use financial advisors?
Replies: 349
Views: 54295

Re: Does anyone here with net worths north of $1 mil use financial advisors?

...I'm getting ready to make a slight career move and actually emailed our old FA yesterday. I wanted a "realty check," sit down with her....just to make sure we were on the right path. As I recall, she would charge X amount for a one time review. But, she just emailed back and said she would only ...
by calmaniac
Thu Mar 28, 2019 9:36 pm
Forum: Investing - Theory, News & General
Topic: Submit questions for Allan Roth, my next "Bogleheads on Investing" podcast guest
Replies: 22
Views: 2275

Re: Submit questions for Allan Roth, my next "Bogleheads on Investing" podcast guest

Thanks Rick, love the podcast! I see a particular need for a financial advisor for those of us making the transition from working to retirement. In particular, after being DYI for my entire investing career, I plan to hire a fee-only financial advisor to help with my early 60's transition to retirem...
by calmaniac
Mon Mar 18, 2019 9:28 pm
Forum: Personal Consumer Issues
Topic: Uber fraud - what to do?
Replies: 28
Views: 3767

Re: Uber fraud - what to do?

dlw322 wrote:
Mon Mar 18, 2019 8:57 pm
Same thing happened to me a while back. The uber driver dropped me off and didn't let uber know that I was out of the car. This is most likely what happened. I notified uber and they corrected it pretty quickly.
Ditto #3 (but with Lyft)

Very easy to contact using the app
by calmaniac
Wed Mar 13, 2019 8:47 pm
Forum: Personal Finance (Not Investing)
Topic: Bright daughter wants to work for nonprofit
Replies: 103
Views: 8546

Re: Bright daughter wants to work for nonprofit

She has a CPA for goodness sakes! It's not like she has a degree in communications or sports marketing. Sounds like she has a good head on her shoulders. No matter what she does, she will be fine. I got an M.D. and did research with it as a career. I'm sure I could have made 50% or more being in pra...
by calmaniac
Mon Mar 11, 2019 7:50 pm
Forum: Personal Investments
Topic: Spouse wants to buy individual stocks
Replies: 78
Views: 6255

Re: Spouse wants to buy individual stocks

OP here. Thank you for all of the really thoughtful suggestions and ideas, plus book recommendations. We are novices at investing and your input is truly appreciated. ----snip---- Some of you asked what I meant by "trading stocks." ---snip---. He is not buying and holding for years, he is holding f...
by calmaniac
Mon Mar 11, 2019 1:29 pm
Forum: Personal Investments
Topic: Spouse wants to buy individual stocks
Replies: 78
Views: 6255

Re: Spouse wants to buy individual stocks

Losses are worthless in a 401k. At least you can writeoff losses in an after tax account ($3K per year). I want to second the above point. In 2000 I lost 90+% of the value in my speculative dotcom era stocks in my IRA. If these were in a taxable account at least I could have harvested the losses to...
by calmaniac
Mon Mar 11, 2019 7:13 am
Forum: Personal Investments
Topic: Boeing-time to buy?
Replies: 58
Views: 8093

Re: Boeing-time to buy?

NotWhoYouThink wrote:
Mon Mar 11, 2019 6:42 am
You'll have much lower capital gains if you sell your Boeing stock today.
So smart and thoughtful of you to provide such insightful and timely advice.
by calmaniac
Fri Mar 08, 2019 8:00 am
Forum: Personal Investments
Topic: Boeing-time to buy?
Replies: 58
Views: 8093

Re: Boeing-time to buy?

Do you think you can liquidate anything without tax consequences? Of course not. Aren't you going to have long term capital gains in your index funds too? Yes, index funds will have capital gains taxes too. calmaniac response above in red The issue is that I am less comfortable with the lack of div...
by calmaniac
Thu Mar 07, 2019 9:12 pm
Forum: Personal Investments
Topic: Boeing-time to buy?
Replies: 58
Views: 8093

Re: Boeing-time to buy?

Buy Boeing? I want to sell! I'm trying to unload my 25 year old Boeing stock and move it into index funds (taxable account), but the capital gains give me the willies. Another reason to stick with index funds in my next life: you don't get stuck with appreciated stock that is expensive to liquidate.
by calmaniac
Mon Feb 18, 2019 10:43 pm
Forum: Personal Investments
Topic: 26 with a dream for FIRE (already <3 my job).
Replies: 7
Views: 1235

Re: 26 with a dream for FIRE.

<r>I get the desire for FI, but at age 26, I don't get the RE part. The money part is the easy calculation. <br/> <br/> The hard part is asking what you want to make of your life. Rather than thinking about what you want to retire from, think about what life financial independence will allow you to ...
by calmaniac
Sat Feb 09, 2019 10:33 pm
Forum: Personal Investments
Topic: How to Begin with 1M
Replies: 150
Views: 23231

Re: How to Begin with 1M

What I expect .... About $1060 at 66-1/2 from Social Security. I am sorry for your loss. Strongly suggest waiting until age 70 to take Social Security. For every year deferring after full retirement age you get an additional 8% monthly. By age 70, that's $1,357 per month by my calculations. You not...
by calmaniac
Sat Feb 09, 2019 10:07 pm
Forum: Personal Consumer Issues
Topic: a week in Italy(first time)
Replies: 53
Views: 4337

Re: a week in Italy(first time)

Rome and Florence- 7 days. To do more than 2 cities in one week is a waste of your time. Forget Venice, whatever you can see in one day is more than offset by the Disney-esque grotesquerie. Yes, there are charming parts that Venice lovers will tell you about. However, you will not find those on a fi...
by calmaniac
Tue Feb 05, 2019 10:10 pm
Forum: Personal Finance (Not Investing)
Topic: Please critique my plan for early retirement
Replies: 42
Views: 5274

Re: Please critique my plan for early retirement

Hey Bravo, Rather than "retire", consider taking some time off, recharging your batteries, and get a better sense of what would make you happy. Clearly, what you have been doing does not, so good for you to make that decision and change your life trajectory. At several times in my life, I've found m...
by calmaniac
Tue Jan 29, 2019 2:53 pm
Forum: Personal Investments
Topic: Should I pay off my mortgage?
Replies: 37
Views: 2755

Re: Should I pay off my mortgage?

BTW, paid off our mortgage in 2017 and loving it! This, to me, is one of the most undervalued components of this entire decision. (Okay, it's not much of a hard call for me, but obviously to others it is.) How much is your peace of mind worth? How heavy is that debt on your consciousness? How much ...
by calmaniac
Tue Jan 29, 2019 2:09 pm
Forum: Personal Investments
Topic: Should I pay off my mortgage?
Replies: 37
Views: 2755

Re: Should I pay off my mortgage?

OP, After reading a gazillion Bogleheads threads on whether to pay off the mortgage or invest the $, it is clear that it this a multifaceted argument and there is no one "right answer" for all people and situations. So why perseverate and try to convince? Your friend may know herself better than you...
by calmaniac
Mon Jan 28, 2019 10:31 pm
Forum: Personal Investments
Topic: Post Military - Financial Update
Replies: 10
Views: 2380

Re: Post Military - Financial Update

10 percent, Congratulations on your military retirement ! A couple of thoughts: 1. Glad to see the 20 year term life insurance after seeing that you chose not to take Survivor Benefit Plan. I took SBP and now that I am seeing friends & family my age (61) drop dead am glad I did. 2. For fixed income,...
by calmaniac
Mon Jan 28, 2019 9:56 pm
Forum: Personal Investments
Topic: Investment experts predict that US equity will return -4.1% to 2.6% over the next decade. Time to get out of US equity?
Replies: 75
Views: 8461

Re: Investment experts predict that US equity will return -4.1% to 2.6% over the next decade. Time to get out of US equi

LongTermEtfHolder,

How old are you? How many years of asset accumulation do you have before retirement?

These are important variables that could allay some of your concerns.
by calmaniac
Sun Jan 27, 2019 6:54 pm
Forum: Personal Investments
Topic: Military Retirement = Treasury Inflation Protected Security (TIPS)? Does this change the way I allocate?
Replies: 25
Views: 2002

Re: Military Retirement = Treasury Inflation Protected Security (TIPS)? Does this change the way I allocate?

@calmaniac @tierartz TierArtz and calmaniac, I have TSP. Why G Fund and not F Fund. I have my bond holdings in the F because there is some return which i hope keeps up with inflation. The G Fund has little to no return? I admit ignorance here. I have not read about the funds in awhile. Readyinvesto...
by calmaniac
Wed Jan 09, 2019 7:41 pm
Forum: Investing - Theory, News & General
Topic: BHers, what is your Roth IRA %?
Replies: 137
Views: 8487

Re: BHers, what is your Roth IRA %?

Inheritance, I guess. One thought, if at some point you have grandchildren of sufficient age (≥18y?) for whom you have a good sense will not blow the money, make them beneficiaries of some of that Roth account. Since their RMD will be based on their life expectancy, this allows the Roth to continue...
by calmaniac
Wed Jan 09, 2019 7:10 pm
Forum: Personal Finance (Not Investing)
Topic: Is buying a $700K first home crazy?
Replies: 70
Views: 7904

Re: Is buying a $700K first home crazy?

What IS you and your wife's commute?

I would also think about you time, which ultimately is worth more than money. If your commute is ≥20 minutes, can you shorten it with this move?

Clearly, you can afford the $700k house.
by calmaniac
Wed Jan 09, 2019 6:31 pm
Forum: Investing - Theory, News & General
Topic: BHers, what is your Roth IRA %?
Replies: 137
Views: 8487

Re: BHers, what is your Roth IRA %?

My question is: is there an ideal % for the tax deferred balance when RMD starts in 10 years? P.S. we don't plan to use the money for retirement, since we have pensions, etc. to cover our living costs and taxes. infotrader, what is your goal in having a Roth IRA? You note you don't plan to use the ...
by calmaniac
Tue Jan 08, 2019 2:00 pm
Forum: Personal Finance (Not Investing)
Topic: Need a little insight from STEM Bogleheads
Replies: 59
Views: 2901

Re: Need a little insight from STEM Bogleheads

Nate79 wrote:
Tue Jan 08, 2019 11:19 am
Sounds like she needs to read some Dave Ramsey books/Financial Peace University/podcasts.
+1

She is 7 years working full time and still $135k in debt?? She needs to learn about budgeting.
by calmaniac
Tue Jan 08, 2019 12:45 pm
Forum: Personal Investments
Topic: Military Retirement = Treasury Inflation Protected Security (TIPS)? Does this change the way I allocate?
Replies: 25
Views: 2002

Re: Military Retirement = Treasury Inflation Protected Security (TIPS)? Does this change the way I allocate?

You did not mention having a TSP account. If you have one, consider putting much/most/all of your bond allocation in the G Fund. Just seconding TierArtz's comment about the G Fund. My TSP is 100% G Fund. Another great resource for this is Early Retirement Now. ERN has a 28 part series on safe withd...
by calmaniac
Mon Jan 07, 2019 9:39 pm
Forum: Personal Investments
Topic: Military Retirement = Treasury Inflation Protected Security (TIPS)? Does this change the way I allocate?
Replies: 25
Views: 2002

Re: Military Retirement = Treasury Inflation Protected Security (TIPS)? Does this change the way I allocate?

First of all, congrats on your retirement ! I am 3.5 years into my military retirement and am also still working. In retirement one has to think first about cash flow, not about present value (TIPS or some calculated present value of the pension). When you stop working what will be the gap between ...
by calmaniac
Wed Jan 02, 2019 2:24 pm
Forum: Personal Consumer Issues
Topic: Black licorice fans - suggestions?
Replies: 29
Views: 1653

Re: Black licorice fans - suggestions?

Amarelli , an Italian licorice manufacturer. Sold mail order , Amazon, and some specialty stores, such as Eataly (NY, Chicago, LA). I like the rombetti (diamond shaped). Most people find them too intense. I love them. Not sweetened. Note: real (black) licorice contains glycyrrhizin, which in large ...