Search found 241 matches

by backofbeyond
Thu Dec 12, 2019 11:48 am
Forum: Personal Finance (Not Investing)
Topic: How not to feel poor...
Replies: 78
Views: 12468

Re: How not to feel poor...

So what is the problem in spending $20k a year on travel and increasing your budget to $65k a year? If this is psychologically an issue for you, take a part time job to add income but by all accounts you are good. At this rate, your children are going to be very fortunate inheriting a mid 7 figure ...
by backofbeyond
Wed Dec 11, 2019 2:35 pm
Forum: Personal Finance (Not Investing)
Topic: What Metrics do you use to Monitor the Health of your Retirement Plan?
Replies: 31
Views: 2115

Re: What Metrics do you use to Monitor the Health of your Retirement Plan?

The one tool I do use is Personal Capital. Really enjoy their platform and it does many of those things you mention, but not all. Many on this site are hesitant to turn over access to their various accounts to PC, but if so, you can still fat finger then in and the system will dissect it as if it pu...
by backofbeyond
Wed Dec 11, 2019 2:17 pm
Forum: Personal Consumer Issues
Topic: Found hidden safe, should we crack?
Replies: 291
Views: 79914

Re: Found hidden safe, should we crack?

Back in the late 1980's i bought a house in a suburb of London. One day as I was doing my business on the toilet, I saw that the carpet was a bit off in the corner. I went over to check it, pulled it back and there was a hidden compartment built inside it. It wasn't a combo lock but one that require...
by backofbeyond
Wed Dec 11, 2019 12:06 pm
Forum: Personal Investments
Topic: Pick a stock
Replies: 90
Views: 4151

Re: Pick a stock

By the nature of Bogle heads mantra, picking individual stocks is frowned upon, namely because few can or have consistently beat the market (well almost no one). So we buy the whole market. If you read up on it, it's logical and makes complete sense. And it's pretty boring. So while I have 90% of my...
by backofbeyond
Mon Sep 30, 2019 12:04 pm
Forum: Personal Finance (Not Investing)
Topic: Half of Retirees Afraid to Use Savings
Replies: 111
Views: 12984

Re: Half of Retirees Afraid to Use Savings

A couple observations: 1. Best friend retired from Gov't with 34 years in, age 56. Did well in TSP and side investments. Wife continued to work. First 6 months, love it. Afterwards, hated it. No one his age was able to "play" during the day, as they were all working. Wife wasn't home. So he golfed,...
by backofbeyond
Thu Sep 26, 2019 2:18 pm
Forum: Personal Finance (Not Investing)
Topic: Half of Retirees Afraid to Use Savings
Replies: 111
Views: 12984

Re: Half of Retirees Afraid to Use Savings

A couple observations: 1. Best friend retired from Gov't with 34 years in, age 56. Did well in TSP and side investments. Wife continued to work. First 6 months, love it. Afterwards, hated it. No one his age was able to "play" during the day, as they were all working. Wife wasn't home. So he golfed, ...
by backofbeyond
Tue Sep 10, 2019 11:50 am
Forum: Investing - Theory, News & General
Topic: Variable Percentage Withdrawal (VPW)
Replies: 922
Views: 311496

Re: Variable Percentage Withdrawal (VPW)

I was watching a youtube video called Techniques and Strategies for Creating a Retirement Income You Can Live With. It featured Prof Wade Pfau along with several other experts. The intended audience is other financial planners. But one of the discussion points that Prof Pfau mentioned was VPW (he di...
by backofbeyond
Thu Jul 18, 2019 9:54 am
Forum: Personal Finance (Not Investing)
Topic: Lesson Learned on selling old books like a 1608 Breeches Bible?
Replies: 8
Views: 1088

Lesson Learned on selling old books like a 1608 Breeches Bible?

Greetings, Back in the early 90s I was stationed in the United Kingdom while in the US Navy. I had the opportunity to visit several old book stores and I ended up buying several books. The most interesting one is a British Ship’s Bible, which the dealer told me was a Geneva Bible 1608: The Breeches ...
by backofbeyond
Mon Jul 08, 2019 1:33 pm
Forum: Investing - Theory, News & General
Topic: Calculation of SS difference between working to 62 but delay withdrawls until 70 vs working until 70
Replies: 12
Views: 1255

Re: Calculation of SS difference between working to 62 but delay withdrawls until 70 vs working until 70

OP here.
Thanks everyone!


Appreciate all the replies and insights and really glad that it isn't going to make much of a difference!

:sharebeer
by backofbeyond
Mon Jul 08, 2019 9:38 am
Forum: Investing - Theory, News & General
Topic: Calculation of SS difference between working to 62 but delay withdrawls until 70 vs working until 70
Replies: 12
Views: 1255

Calculation of SS difference between working to 62 but delay withdrawls until 70 vs working until 70

Sorry Team, if this has been asked a million times but after data mining the search tool, I'll be darn if I can find the direct answer. I also tried various SS calculators, but none of them seem to address my question. I have my SS statement in hand. At my full retirement age of 67 it states payment...
by backofbeyond
Fri Jun 28, 2019 2:33 pm
Forum: Investing - Theory, News & General
Topic: Hitting Critical Mass and then dealing with those feelings of Surreal
Replies: 51
Views: 6983

Re: Hitting Critical Mass and then dealing with those feelings of Surreal

OP here.
Thanks all for the enlightening and often funny replies.
Much appreciated!
by backofbeyond
Fri Jun 28, 2019 11:03 am
Forum: Investing - Theory, News & General
Topic: Hitting Critical Mass and then dealing with those feelings of Surreal
Replies: 51
Views: 6983

Hitting Critical Mass and then dealing with those feelings of Surreal

Critical Mass is referencing when your investments are so huge that your wages and corresponding spending habits seem insignificant by comparison. As you can imagine, this subject isn't one that you normally broach with others for obvious reasons. So I'd like to get feedback from other bogleheads th...
by backofbeyond
Tue Feb 12, 2019 12:21 pm
Forum: Investing - Theory, News & General
Topic: How Investing Ability Changes With Age --blog post
Replies: 33
Views: 2797

Re: How Investing Ability Changes With Age --blog post

This subject really hits home for me and I can certainly identify with the fact that as we grow older we face a real dilemma. My father was a self made millionaire by the time he was in his mid 30s. Did it via Real Estate and owning small businesses. Very savvy businessman. For 30 years he told me t...
by backofbeyond
Sat Oct 06, 2018 3:00 pm
Forum: Personal Finance (Not Investing)
Topic: 20 countries where 200K in retirement savings will last you decades
Replies: 232
Views: 30567

Re: 20 countries where 200K in retirement savings will last you decades

I've lived in a few of these places and visited most of them. Ex-AF Officer. I'd retire in Thailand or the PI in a second...but only if I was single. Something not mentioned here, but is realistic, is that you are seen as "rich" in the natives eyes. And that brings all kinds of visibility. You can g...
by backofbeyond
Sat Aug 11, 2018 6:37 am
Forum: Personal Investments
Topic: Preparing for a bear market
Replies: 43
Views: 5779

Re: Preparing for a bear market

Back in 2000 or so, my father was about your age and he wanted my advice because he too was concerned about a deep recession. He had substantial real estate assets but was afraid of the stock market. I was his Trustee on his Trust and having earned advanced degrees in Finance and MBA, he thought may...
by backofbeyond
Fri Aug 10, 2018 1:09 pm
Forum: Personal Finance (Not Investing)
Topic: Rental Property with Sibling Questions
Replies: 22
Views: 1849

Re: Rental Property with Sibling Questions

Like so many others mentioned, I'd recommend put it on the market and split the profits. Save you and your Sister a LOT of heartaches. I learned the hard way. I was the Trustee for both of my parents estates (they were divorce). The first passing broke the family apart, as siblings wanted different ...
by backofbeyond
Fri Aug 10, 2018 12:57 pm
Forum: Personal Finance (Not Investing)
Topic: Biggest Threats to Financial Well-Being
Replies: 99
Views: 10053

Re: Biggest Threats to Financial Well-Being

Black Swan event

Don't know what or when or if it will happen. Nassim Nicholas Taleb taught me this.

Robustness is about all you can do. So stay healthy, have money in the bank, have good social networks, carry little or no debt..even then, may not be enough.
by backofbeyond
Tue Aug 07, 2018 2:06 pm
Forum: Personal Consumer Issues
Topic: 3 weeks in Australia
Replies: 25
Views: 1944

Re: 3 weeks in Australia

•Fly up to Cairnes for a couple of days, with one day spent snorkeling the Great Barrier Reef. This ^^^^^^ I have lived in 6 countries and traveled to over 100. The two days I snorkeled the GBR were the two greatest days of my life. Words can not adequately do it justice. Make sure you pick the trip...
by backofbeyond
Wed Jun 20, 2018 8:44 am
Forum: Personal Finance (Not Investing)
Topic: How to calculate "fun money" per year?
Replies: 37
Views: 4038

Re: How to calculate "fun money" per year?

Contrarian view Another way of looking at it is, if you have fun money now are you willing to give up on a early retirement? My research has shown that peeps retire for two main reasons (key word is main, not only): ill health and job burn out. Many BH want to get out of the rat race early, so they...
by backofbeyond
Sun Jun 17, 2018 9:35 am
Forum: Personal Finance (Not Investing)
Topic: How to calculate "fun money" per year?
Replies: 37
Views: 4038

Re: How to calculate "fun money" per year?

Contrarian view Another way of looking at it is, if you have fun money now are you willing to give up on a early retirement? My research has shown that peeps retire for two main reasons (key word is main, not only): ill health and job burn out. Many BH want to get out of the rat race early, so they ...
by backofbeyond
Sat Jun 16, 2018 7:22 am
Forum: Investing - Theory, News & General
Topic: Should your employment/income source determine your investment choices?
Replies: 15
Views: 1629

Re: Should your employment/income source determine your investment choices?

My job is like a bond, so yes, my portfolio is tilted more or less for growth. Like a poster above, I'm a Federal employee. About half of my assets are in the TSP, at 50% S (mid cap), 40% C (Large cap) and 10% I (International Large). While 1/4 of my portfolio is in promissory notes for Real Estate ...
by backofbeyond
Fri Jun 15, 2018 10:06 am
Forum: Personal Consumer Issues
Topic: Living Abroad - Who's done it?
Replies: 90
Views: 11700

Re: Living Abroad - Who's done it?

I'm a Civil Servant, with 28 years under my belt, more than half of it overseas. Lived in the UK (5 years), Germany (4 years), Okinawa (2 years), Canada (2 years) and New Zealand (4 years). Married a British wife and our daughter lived longer abroad than in the US. When asked where she is from, her ...
by backofbeyond
Fri Jun 15, 2018 9:49 am
Forum: Personal Finance (Not Investing)
Topic: can we afford to spend $20K on travel annually
Replies: 89
Views: 8237

Re: can we afford to spend $20K on travel annually

My wife and I have half your guys income, and are in our early 50s. We have $1.5M in retirement account plus a year's salary in cash.We have one kid, age 20 going to community college. I'm middle management in the Gov't and will have a (fairly) secure pension when I retire. We are doing EXACTLY what...
by backofbeyond
Fri Jun 15, 2018 9:34 am
Forum: Investing - Theory, News & General
Topic: Which boglehead rule do you break--and are ok with
Replies: 152
Views: 14215

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

Guilty of timing the market. I'm a Civil Servant and in Nov 2016 I moved my entire TSP (over $700k) in to G. I assumed the market would plummet due to the unexpected nomination of Trump and then the eventual unpredictability a non gov't entity would have. Plainly I was wrong. Should have stayed the ...
by backofbeyond
Mon Jun 04, 2018 2:07 pm
Forum: Personal Finance (Not Investing)
Topic: What is your Take Home Pay / Gross Pay ratio?
Replies: 89
Views: 9016

Re: What is your Take Home Pay / Gross Pay ratio?

54%

For years it was 66%, but kicked my TSP savings into high gear after reaching 50.

Seems I'm about where many of my fellow bogleheads are...interesting.
by backofbeyond
Fri Feb 02, 2018 2:16 pm
Forum: Personal Finance (Not Investing)
Topic: Can an inherited Capital Loss (not Gain) from a Trust be written off of an individual’s Capital Gain?
Replies: 3
Views: 446

Can an inherited Capital Loss (not Gain) from a Trust be written off of an individual’s Capital Gain?

I’ve tried to google this question but no luck, so hoping I can get insight from someone that has had a similar experience. Here are the specifics: In 2008, my father passed away, his Trust named me the sole survivor Trustee. Besides myself, 3 other siblings each inherited equal shares of his estate...
by backofbeyond
Mon Jan 29, 2018 11:42 am
Forum: Personal Finance (Not Investing)
Topic: Does anyone here with net worths north of $1 mil use financial advisors?
Replies: 349
Views: 55803

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

My financial advisor is my personal trainer. Really. Who generated the initial income that went into my portfolio? Who studied the bogle ways of becoming a millionaire? Who will ultimately decide when I retire? The answer is: me. So if you have one "asset" that is totally responsible for your wealth...
by backofbeyond
Mon Jan 29, 2018 11:20 am
Forum: Investing - Theory, News & General
Topic: The Value of Your FERS Annuity and Your TSP Investment Strategy
Replies: 14
Views: 2162

Re: The Value of Your FERS Annuity and Your TSP Investment Strategy

This reminded me of the strategy sometime ago when one was to look at their career as either a stock or a bond. And once that was figured out, one could allocate assets more appropriate to their risk tolerance. Gov't employees and College Professors were often suggested examples of "bond like" caree...
by backofbeyond
Wed Jan 03, 2018 10:24 am
Forum: Personal Investments
Topic: Do you eventually get accustomed to your higher balances?
Replies: 47
Views: 7747

Re: Do you eventually get accustomed to your higher balances?

I struggle with this myself, but with a bit of a twist. I'm a First Line Supervisor in DOD (GS-13 step 10). I've been a step 10 for 10 years now, so I haven't technically got a raise in that time. I do get small bonus each year, like $600. My job is very stress free. My employees are 'seasoned" and ...
by backofbeyond
Mon Nov 07, 2016 1:32 pm
Forum: Personal Finance (Not Investing)
Topic: Fed: Retire or transfer?
Replies: 5
Views: 1455

Re: Fed: Retire or transfer?

I think you may get some technical/admin advice regarding the health insurance, so I'll throw out my two cents regarding living overseas as a DOD civilian. I'm 51, been with DOD (GS13) for 27 years,the vast majority living overseas. Been on 6 tours: UK, Germany, Japan (Okinawa), Canada, New Zealand ...
by backofbeyond
Thu Jun 06, 2013 8:32 pm
Forum: Personal Finance (Not Investing)
Topic: Civil Servant Employment Issues
Replies: 33
Views: 3161

Re: Civil Servant Employment Issues

I'm both a civil servant as well as a manager. I've changed my series 3 times: 1102 Contracting, 1910 Quality and 1101 Program Management. One of the many benefits of working for Uncle Sam is the amount of training/education available, which then allows one to qualify for other series. Until the lat...
by backofbeyond
Sat Jun 01, 2013 3:16 pm
Forum: Personal Investments
Topic: Help with Asset Allocation with TSP and Vanguard Funds
Replies: 5
Views: 1210

Re: Help with Asset Allocation with TSP and Vanguard Funds

Great advice above. Love the G fund. If I remember correctly, the I fund doesn't cover Canada firms. Lived in Canada for a couple years, love the people...and it doesn't take a rock scientist to predict their economy will do well in the future...highly educated, HUGE natural resource reserves, small...
by backofbeyond
Sat Jun 01, 2013 2:59 pm
Forum: Personal Finance (Not Investing)
Topic: No permanent home, overseas visits, ineligible for umbrella
Replies: 14
Views: 1687

Re: No permanent home, overseas visits, ineligible for umbre

When we had car/renters insurance with Geico a few years back, got something in the mail saying they'd provide free unbrella insurance up to $1M...and to call to apply. So I called, they had me list out assets, which I did, sent back the form and then subsequently we were told we didnt qualify. When...
by backofbeyond
Sat Jun 01, 2013 2:40 pm
Forum: Investing - Theory, News & General
Topic: Japanese financial crisis
Replies: 48
Views: 5672

Re: Japanese financial crisis

Nisi is correct, as always. I've lived in 6 countries now, and always find it amuzing to hear what the locals think of us Yanks. Currently living in New Zealand, where the local paper ALWAYS picks the most sensational new story out of America to report on. I can't help think that the Kiwis must thin...
by backofbeyond
Sat Jun 01, 2013 2:30 pm
Forum: Investing - Theory, News & General
Topic: What is your equity allocation to international?
Replies: 56
Views: 7194

Re: What is your equity allocation to international?

53% International, 47% US Have spent 13 of the last 20 living outside US. Going forward, expect about the same for the next 20, then plan on retiring outside US for half the year. Get paid in US $, spouse paid in local currency. Spouse will have pension in British pounds. Spend majority in local cur...
by backofbeyond
Thu May 30, 2013 3:07 am
Forum: Investing - Theory, News & General
Topic: Great article on psychology of investing
Replies: 8
Views: 1388

Re: Great article on psychology of investing

Aside from the Market Timing an "trading" bias, this article is dead-on in the psychology. It makes me wonder again where all the gold bugs went? They were swarming for years around this forum, then "poof" - gone. http://www.cnbc.com/id/100771373 The market doesn't care what you believe any more th...
by backofbeyond
Thu May 30, 2013 2:41 am
Forum: Personal Consumer Issues
Topic: Year Round Living on a Sandy Beach
Replies: 55
Views: 6837

Re: Year Round Living on a Sandy Beach

All responses so far defaulted to the U.S. locations. I understand--but have not been there myself yet--that Thailand offers fantastic beaches and cheap living. Victoria Victoria, as always you are spot on. I have been to Thailand many many times over the years and my wife and I both agree that is ...
by backofbeyond
Sat May 25, 2013 6:08 pm
Forum: Personal Finance (Not Investing)
Topic: Didn't save enough for retirement, what would you do over?
Replies: 38
Views: 10780

Re: Didn't save enough for retirement, what would you do ove

I started out saving enough. I was sitting pretty until early 30's. Then I had a bad case of mid life crisis after a bad divorce, lasted many years. Spent :dollar on typical midlife "stuff". Also, health plummeted. Saw the light a couple years ago and am getting back on track both financially and he...
by backofbeyond
Fri May 24, 2013 10:50 pm
Forum: Investing - Theory, News & General
Topic: Straying from 'Staying the Course'
Replies: 16
Views: 2549

Re: Straying from 'Staying the Course'

Not only have I strayed, I've completely taken "another course". Until two years ago, I had 100% of my investible assets in stocks. Investible means IRA/TSP, while the majority of my wealth is tied up in RE. Anywho, I developed an AA plan back in 1999 that kept me 100% in stock until I was 10 years ...
by backofbeyond
Wed May 22, 2013 4:20 pm
Forum: Personal Consumer Issues
Topic: statins and exercise study from today's NYT?
Replies: 13
Views: 2506

Re: statins and exercise study from today's NYT?

Two years ago, I had a laundry list of negative health issues. My family doc sat me down and had the "come to Jesus" meeting with me. You either lose 40lbs and stop drinking, or your dead. Instead of 40, I lost 60lbs. Gave up the bottle as well. Began watching what I eat like a hawk. As far as exerc...
by backofbeyond
Tue May 14, 2013 1:50 am
Forum: Investing - Theory, News & General
Topic: 100% equities, anyone?
Replies: 149
Views: 13484

Re: 100% equities, anyone?

Of my investable assets, I was about 88% equities until about a month ago. When I say investable, that's money in my retirement accounts. Most of my non-retirement assets are in RE. I never understood investable accounts. I think this is a concept the brokers used to grab as much of our liquid asse...
by backofbeyond
Mon May 13, 2013 5:44 pm
Forum: Investing - Theory, News & General
Topic: 100% equities, anyone?
Replies: 149
Views: 13484

Re: 100% equities, anyone?

If you can stomach the ups and downs and have a long time horizon and a stable career, then I say go for it. Worked for me. Of my investable assets, I was about 88% equities until about a month ago. When I say investable, that's money in my retirement accounts. Most of my non-retirement assets are i...
by backofbeyond
Sun May 12, 2013 7:19 pm
Forum: Investing - Theory, News & General
Topic: For those who have TSP accounts, how often do you rebalance
Replies: 15
Views: 1384

Re: For those who have TSP accounts, how often do you rebala

Your poll asks one thing, and your thread title another. Are you asking about rebalancing or changing the AA? For rebalancing, I just change the allocations of future contributions to get things back where I want them. It's simpler, and there's no limitation on the number of changes. Bay agreed. So...
by backofbeyond
Sun May 12, 2013 4:41 pm
Forum: Investing - Theory, News & General
Topic: For those who have TSP accounts, how often do you rebalance
Replies: 15
Views: 1384

For those who have TSP accounts, how often do you rebalance

If you have access to TSP, you can make two changes per month to any combo of funds (C, I, F, S, G, or lifecycle funds). After these two trades, you can only shift $ into the G. It costs nothing to change, so how often do you "normally" rebalance back to your AA? And why? Reference Source: https://w...
by backofbeyond
Sun May 12, 2013 4:20 pm
Forum: Investing - Theory, News & General
Topic: Do you adjust your AA based on valuations?
Replies: 94
Views: 8505

Re: Do you adjust your AA based on valuations?

My IPS covers this: PE10 < 10, blue light special light is on, find some extra money and invest it, you may make small AA changes if evidence supports it PE10 > 10 < 25, green investing light is on, buy and hold, keep your hands off the controls PE10 > 25 < 30, yellow caution light is on, do resear...
by backofbeyond
Wed May 08, 2013 9:18 pm
Forum: Investing - Theory, News & General
Topic: "Reducing bonds? Proceed with caution."
Replies: 50
Views: 5431

Re: "Reducing bonds? Proceed with caution."

Thank you for the G Fund analysis. Makes perfect sense.

I'm not as smart as I should be on Fixed Assets, glad I have fellow Bogleheads to watch my 6! :happy
by backofbeyond
Wed May 08, 2013 4:15 pm
Forum: Personal Investments
Topic: As a non US expat, should I use NYSE or FTSE ETF
Replies: 8
Views: 1481

Re: As a non US expat, should I use NYSE or FTSE ETF

I'm an ex pat US, live in NZ, but have lived in various countries in the past 20 years. I think you should stick with FTSE, here's why: If you aren't a yank, dealing with the US tax laws is a royal pain. Also, you have to look at how many times the money you invest is switched back and forth thru th...
by backofbeyond
Wed May 08, 2013 4:02 pm
Forum: Investing - Theory, News & General
Topic: "Reducing bonds? Proceed with caution."
Replies: 50
Views: 5431

Re: "Reducing bonds? Proceed with caution."

Speaking of the G fund.... That is where my dilemma lays. Currently I have 50% in the various stock funds (C,S,I) and the other 50% divided equally (25%) in the F and G each. So base on the above analysis, should one up the G fund allocation and wrench down the F Fund? The G fund overall is safer (o...
by backofbeyond
Sun May 05, 2013 9:52 pm
Forum: Personal Investments
Topic: Anyone wish to share their play money investments?
Replies: 56
Views: 5371

Re: Anyone wish to share their play money investments?

Only own one stock, everything else is in index funds.

That one stock is Haliburton, Owned it since 2003, I've made 311% in about 10 years. :greedy

Shame I only put $1000 into it. ha

Could of just as easily went South.
by backofbeyond
Sun May 05, 2013 8:46 pm
Forum: Personal Investments
Topic: Should I sell my 2 rental properties?
Replies: 20
Views: 3022

Re: Should I sell my 2 rental properties?

I've been a landlord more than a few times, and found it stressful every time. I ended up dumping everything but my empty lots. Parked the money into index funds. The stress level is almost nil now. I don't get the tax breaks I used to get as a landlord, but I get a better nights sleep. Which is pri...