Search found 1564 matches

by wolf359
Sat Apr 20, 2019 12:40 am
Forum: Personal Investments
Topic: Net Worth where it should be?
Replies: 49
Views: 6379

Re: Net Worth where it should be?

Personal finance is personal. Comparison to others is useless (and "the thief of joy") I calculate progress as follows: Current retirement withdrawal rate = (12 x Monthly expenses) / Current retirement assets Progress = (Desired retirement withdrawal rate / Current retirement withdrawal rate) -----...
by wolf359
Thu Apr 18, 2019 2:26 pm
Forum: Personal Finance (Not Investing)
Topic: When did you start spending more and saving less?
Replies: 76
Views: 4561

Re: When did you start spending more and saving less?

The only problem with relaxing is that when you get used to spending a higher amount, it lends to lifestyle creep. It's hard to then cut back, and then you might not be FI any more.

If your annual spending amount is higher than your assets can sustain, then you are no longer FI.
by wolf359
Thu Apr 18, 2019 12:53 pm
Forum: Personal Finance (Not Investing)
Topic: Question on free credit reports?
Replies: 4
Views: 332

Re: Question on free credit reports?

Why are you putting a fraud alert that you have to renew annually? The fraud alert still allows your credit to be pulled if the creditor validates your identity. You're depending upon the creditor to validate your identity properly. You should put a permanent freeze on your credit. You can still app...
by wolf359
Thu Apr 18, 2019 10:20 am
Forum: Personal Finance (Not Investing)
Topic: In Laws Retirement Nest Egg
Replies: 156
Views: 14105

Re: In Laws Retirement Nest Egg

I agree with the poster on page 1 who said the main problem here is that the OP and his ILs come from different socioeconomic status. Also from the rest of us on this board. That's the only thing I can come up with that someone thinks that you can't safely retire with a paid off house, Social secur...
by wolf359
Wed Apr 17, 2019 8:48 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security - How Secure?
Replies: 28
Views: 1467

Re: Social Security - How Secure?

I am building cash flow projections to determine the amount of $$ I will need to withdraw in retirement. I have never expected social security to be there for my retirement but now that I am 58 years old I am thinking that it is likely social security won't be bust when I am eligible to get checks ...
by wolf359
Wed Apr 17, 2019 4:46 pm
Forum: Personal Investments
Topic: REIT's recent pullback
Replies: 14
Views: 1747

Re: REIT's recent pullback

Does anybody have any insight as to why REIT's have been pulling back recently? I was watching Fast Money on CNBC last week, and their resident chartist, Carter Worth, noted that the technicals indicated a top, and to perhaps take some profits now. It seems like that is what is happening the past f...
by wolf359
Wed Apr 17, 2019 4:34 pm
Forum: Personal Investments
Topic: REIT's recent pullback
Replies: 14
Views: 1747

Re: REIT's recent pullback

The idea of an asset allocation is that different parts of your portfolio are at different points of their investment cycles at any given time. If you're happy with all parts of your portfolio, then you are probably not properly diversified. If REITs are part of your asset allocation, the specific r...
by wolf359
Tue Apr 16, 2019 5:12 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone Having Trouble with PNC?
Replies: 21
Views: 1239

Re: Anyone Having Trouble with PNC?

Why are you sure PNC is at fault? I confess that I once caused such a problem for some other customer of my insurance company. I had my username incorrect. The username that I was attempting to use belonged to someone else. I locked that other individual out of her account twice before I realized m...
by wolf359
Tue Apr 16, 2019 1:54 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone Having Trouble with PNC?
Replies: 21
Views: 1239

Re: Anyone Having Trouble with PNC?

This morning for the 2nd time in less than a week I get an email from PNC telling me my online banking access has been suspended "due to multiple attempts using the incorrect credentials (user ID/and/or password) to sign on". It then goes on giving instructions how to go in and change both user nam...
by wolf359
Tue Apr 16, 2019 12:45 pm
Forum: Personal Finance (Not Investing)
Topic: Do not use Personal Capital
Replies: 76
Views: 9613

Re: Do not use Personal Capital

I've used software where you can easily enable/disable access at the click of a button. I get that it's free software and I have to pay for it somehow. Well on Mint I'm served ads, which is mildly annoying but at least no one has a complete view of my entire financial history. Clearly I agreed to t...
by wolf359
Mon Apr 15, 2019 12:53 pm
Forum: Investing - Theory, News & General
Topic: Does 100% stocks make sense for very high net worth individuals
Replies: 126
Views: 12838

Re: Does 100% stocks make sense for very high net worth individuals

I don't think the QUESTION makes sense. How did the person became a VHNWI in the first place? If you founded a company then your fortune starts out as 100% stocks, and pretty much one stock. In that case, 100% stocks doesn't make sense. You will want to diversify some of it into something else. If y...
by wolf359
Mon Apr 15, 2019 9:12 am
Forum: Personal Consumer Issues
Topic: How to fix jerky images on streaming TV?
Replies: 29
Views: 1579

Re: How to fix jerky images on streaming TV?

There are 2 potential issues that can cause this: 1. problem with Internet connection 2. problem with wifi You have to debug both independent. For 1. if its possible get a long cable (you can just do an open run) and run it to the roku (or get the roku and tv close to the router). Also connect dire...
by wolf359
Wed Apr 10, 2019 7:47 pm
Forum: Investing - Theory, News & General
Topic: Baby boomer vicious cycle crash
Replies: 63
Views: 5506

Re: Baby boomer vicious cycle crash

This is also known as the Baby Boomer Age Wave Theory. The phrase was coined by economist Harry Dent. See https://www.investopedia.com/terms/b/baby-boom-age-wave.asp There are multiple books on the topic. Many people have already figured out that the Baby Boomers are getting older. I believe that th...
by wolf359
Sat Apr 06, 2019 7:44 am
Forum: Personal Investments
Topic: Bonds in taxable account?
Replies: 45
Views: 3596

Re: Bonds in taxable account?

How can I sell bonds in my 401k without a penalty? You're just swapping the bond allocation in in tax deferred to equities and doing the reverse in your taxable. However with this method it does expose you to higher taxes during selling. Equities are much more likely to have larger cap gains as opp...
by wolf359
Thu Apr 04, 2019 10:49 am
Forum: Personal Investments
Topic: Bonds in taxable account?
Replies: 45
Views: 3596

Re: Bonds in taxable account?

Let's say you have only stocks in your taxable account, but want to sell bonds and not take the hit from selling stocks while they're down. You go ahead and sell the stocks in the taxable account, then exchange bonds in the tax sheltered account for stocks. Voila! Your asset allocation is the same a...
by wolf359
Thu Apr 04, 2019 8:59 am
Forum: Personal Finance (Not Investing)
Topic: Start a business or remain an employee?
Replies: 25
Views: 1092

Re: Start a business or remain an employee?

If you start the business, you have a shot at being fabulously wealthy, but you risk not doing as well as if you stay the course. If you don't leap, you will probably just be wealthy. That's a personal choice that only you can answer for yourself. What other people would or wouldn't do should not pl...
by wolf359
Thu Apr 04, 2019 8:29 am
Forum: Personal Investments
Topic: ZERO cost mutual funds??
Replies: 33
Views: 1885

Re: ZERO cost mutual funds??

Why didn't they make this a a share class of the already-existent total market fund? because that would not have been in the interest of bringing in new customers (see this is a marketing gimmick). It would have just lowered fee extraction on existing customers. I am guessing that folks in retireme...
by wolf359
Wed Apr 03, 2019 12:17 pm
Forum: Personal Investments
Topic: ZERO cost mutual funds??
Replies: 33
Views: 1885

Re: ZERO cost mutual funds??

Keep in mind that Vanguard, Schwab, and Fidelity had already driven index fund costs very low prior to Fidelity making this move. For example, the expense ratio for Vanguard Total Stock Market Index (VTSAX) is only .04%. On an investment of $50,000 in the Fidelity Zero fund instead of VTSAX, you sav...
by wolf359
Wed Apr 03, 2019 12:03 pm
Forum: Personal Investments
Topic: ZERO cost mutual funds??
Replies: 33
Views: 1885

Re: ZERO cost mutual funds??

The fact that Fidelity has a zero cost mutual fund has attracted a lot of attention. Fidelity is mentioned in discussions, the media, and posts like yours in a positive way, that is, talking about Fidelity as a low cost provider of financial products. This free publicity is extremely valuable. It he...
by wolf359
Mon Apr 01, 2019 10:01 am
Forum: Personal Consumer Issues
Topic: Wood vs Laminate Flooring
Replies: 56
Views: 4127

Re: Wood vs Laminate Flooring

Hardwood floors will last much longer than laminate. They can also potentially add value to the home. I have laminate in my basement (due to moisture, hardwood isn't recommended for basements) and hardwood on the main floors. It's a really high quality laminate, with an excellent under layer that gi...
by wolf359
Sat Mar 30, 2019 6:26 pm
Forum: Personal Finance (Not Investing)
Topic: Keeping a stash of vacation days as unemployment "insurance"
Replies: 70
Views: 4844

Re: Keeping a stash of vacation days as unemployment "insurance"

I've done this in the past, especially when I was young and single. If you're cash poor, it's a version of unemployment insurance. I have always had a number of "Plan B's" in case of job loss, and this was one of them. However, it does not work as well after you get married and especially after you ...
by wolf359
Thu Mar 28, 2019 2:18 pm
Forum: Investing - Theory, News & General
Topic: How much $$ would it take for you walk away from investing?
Replies: 45
Views: 4091

Re: How much $$ would it take for you walk away from investing?

https://www.immediateannuities.com/ says that it would take just a little bit over $1 million for a 40 year old male to buy a $50,000 a year lifetime annuity. I'd probably want double that to help with the impact of inflation, and expect social security assist with some of that after around age 70 ...
by wolf359
Thu Mar 28, 2019 8:37 am
Forum: Investing - Theory, News & General
Topic: How much $$ would it take for you walk away from investing?
Replies: 45
Views: 4091

Re: How much $$ would it take for you walk away from investing?

https://www.immediateannuities.com/ says that it would take just a little bit over $1 million for a 40 year old male to buy a $50,000 a year lifetime annuity. I'd probably want double that to help with the impact of inflation, and expect social security assist with some of that after around age 70 ...
by wolf359
Tue Mar 26, 2019 9:29 am
Forum: Personal Consumer Issues
Topic: Installing smart lights - tips? Thinking Philips Hue
Replies: 22
Views: 876

Re: Installing smart lights - tips? Thinking Philips Hue

We have the ability to control light temperature and color, but this is almost never changed after it is set to the desired color/temperature of the primary user. Do you think you would change color temperature more often if it were easy to do, or time dependent? For example, I’m picturing kitchen ...
by wolf359
Tue Mar 26, 2019 8:22 am
Forum: Personal Consumer Issues
Topic: Installing smart lights - tips? Thinking Philips Hue
Replies: 22
Views: 876

Re: Installing smart lights - tips? Thinking Philips Hue

To me, many of the smart light features are luxury items, rather than a necessity. In many cases, they're not even at the level of a convenience. They're more of a toy, a cool thing to show off. They're very expensive for what you get. In my opinion, the primary practical feature is the ability to c...
by wolf359
Tue Mar 26, 2019 7:57 am
Forum: Personal Finance (Not Investing)
Topic: Should I ditch bonds? (Because I have a mortgage)
Replies: 45
Views: 3863

Re: Should I ditch bonds? (Because I have a mortgage)

Regarding considering the mortgage as a negative bond--I have read plenty of relevant threads but am hoping for some opinions on my particulars. Our asset allocation is 75/25; at the same time we have a mortgage about equal to the total of our investments. Because it serves as our emergency fund an...
by wolf359
Mon Mar 25, 2019 9:47 am
Forum: Personal Finance (Not Investing)
Topic: Should I ditch bonds? (Because I have a mortgage)
Replies: 45
Views: 3863

Re: Should I ditch bonds? (Because I have a mortgage)

Paying OFF your mortgage permanently reduces your housing expense. Paying DOWN your mortgage reduces your outstanding balance, and your liquid assets, but you still have an outstanding mortgage. Pre-paying the mortgage does not reduce risk, unless you pay it off. The compromise is to invest the fun...
by wolf359
Fri Mar 22, 2019 2:37 pm
Forum: Personal Finance (Not Investing)
Topic: Should I ditch bonds? (Because I have a mortgage)
Replies: 45
Views: 3863

Re: Should I ditch bonds? (Because I have a mortgage)

Regarding considering the mortgage as a negative bond--I have read plenty of relevant threads but am hoping for some opinions on my particulars. Our asset allocation is 75/25; at the same time we have a mortgage about equal to the total of our investments. Because it serves as our emergency fund an...
by wolf359
Fri Mar 22, 2019 8:22 am
Forum: Investing - Theory, News & General
Topic: How do I reconcile these seemingly conflicting common BH phrases?
Replies: 25
Views: 1885

Re: How do I reconcile these seemingly conflicting common BH phrases?

A lot of your conflict seems to revolve around mental accounting. Mental accounting refers to the tendency of humans to develop and make decisions based on purely mental categories. The issue is to be aware of mental accounting. It isn't always bad, but it can lead you to bad outcomes. An example is...
by wolf359
Tue Mar 19, 2019 6:17 am
Forum: Personal Finance (Not Investing)
Topic: How Important is a Credit Score?
Replies: 86
Views: 3813

Re: How Important is a Credit Score?

Two contradictory things are important here: 1) The will to abstain from using credit outside of the tax deductible mortgage. Credit is the anti-portfolio--it compounds against you. 2) Having an at least 'good' credit score. I won't even say you must have a 740+, even a 700+ is probably good enough...
by wolf359
Mon Mar 18, 2019 12:42 pm
Forum: Personal Finance (Not Investing)
Topic: How Important is a Credit Score?
Replies: 86
Views: 3813

Re: How Important is a Credit Score?

Zero importance. If you do plan on taking out a mortgage, either have one of you reach 720-760+, or have a family member cosign. To build credit, you need to take out different kinds of debt, and slowly, but successfully pay them off. EDIT: I would advise being as debt free as possible for you. The...
by wolf359
Mon Mar 18, 2019 12:28 pm
Forum: Personal Consumer Issues
Topic: Fishing Kayak recommendation
Replies: 50
Views: 2343

Re: Fishing Kayak recommendation

If you're a beginner, and not sure what to get, then rent. Develop a preference between the different options before you buy. I fished a lot with my kids before they turned 12. After 12, they developed interests in organized sports. Have you actually fished in a tandem fishing kayak with your kids? ...
by wolf359
Mon Mar 18, 2019 10:55 am
Forum: Personal Investments
Topic: Allocation - No Bonds yet, but they seem like a bad deal. - 38yo
Replies: 41
Views: 2568

Re: Allocation - No Bonds yet, but they seem like a bad deal. - 38yo

If you're really close to FIRE, I suggest that you start projecting how exactly you're going live off your portfolio. How are you converting your portfolio into income? How are you addressing the taxable versus tax sheltered assets? 35X is a withdrawal rate of 2.86%. Is it your intent to just live o...
by wolf359
Thu Mar 07, 2019 1:25 pm
Forum: Personal Investments
Topic: Portfolio Advice for 88 year old
Replies: 18
Views: 1188

Re: Portfolio Advice for 88 year old

I think a short term bond fund is fine. It is only about 4 years expenses so it should not be in stocks. CDs will require a bit of liquidity planning without much benefit - BSV SEC yield is 2.7% OP, does she have social security or pensions? Her current assets divided by $5,600/month equals 4 years...
by wolf359
Thu Mar 07, 2019 12:45 pm
Forum: Personal Investments
Topic: Portfolio Advice for 88 year old
Replies: 18
Views: 1188

Re: Portfolio Advice for 88 year old

I think a short term bond fund is fine. It is only about 4 years expenses so it should not be in stocks. CDs will require a bit of liquidity planning without much benefit - BSV SEC yield is 2.7% OP, does she have social security or pensions? Her current assets divided by $5,600/month equals 4 years...
by wolf359
Wed Mar 06, 2019 8:40 am
Forum: Personal Finance (Not Investing)
Topic: How the Fed calculates household's Net Worth
Replies: 99
Views: 6085

Re: How the Fed calculates household's Net Worth

Interesting discussions. Here's what I learned. 1. There's a standard definition of net worth = total asset - total debt 2. the Fed provides a flow chart showing which items are included in asset and debt category 3. How to calculate the value of each item is somewhat arbitrary. 4. Because of #3, s...
by wolf359
Tue Mar 05, 2019 2:19 pm
Forum: Personal Finance (Not Investing)
Topic: SWR As An After Tax Function
Replies: 21
Views: 1165

Re: SWR As An After Tax Function

In reading some of the other threads about retirement spending, it's become clear to me that accounting for income taxes is a complicated issue. Someone with a very low spending rate to nest egg ("SWR") might actually have income taxes that are higher than consumption spending. If a retiree has $10...
by wolf359
Tue Feb 26, 2019 9:52 am
Forum: Personal Consumer Issues
Topic: DIY Appliance Install
Replies: 28
Views: 1763

Re: DIY Appliance Install

I balance DIY projects against the time, cost savings, and negative consequences if something goes wrong. From that perspective, I'd do everything except the gas appliance. If the worst that can happen is that the appliance doesn't work or you have to re-install, I can handle that. If you do somethi...
by wolf359
Mon Feb 25, 2019 4:29 pm
Forum: Investing - Theory, News & General
Topic: "Warren Buffett says if you invested $10,000 in the S&P 500 in 1942, you'd have $51 million today"
Replies: 110
Views: 7327

Re: "Warren Buffett says if you invested $10,000 in the S&P 500 in 1942, you'd have $51 million today"

You guys nailed it. Warren's quip probably impresses the common man, but we Bogleheads immediately recognize that 10K in 1942 was a lot of jack. So yeah sure, if you invest 154K+ for almost 3 full length working careers, then you're going to have 10s of millions. Like Duh, right? :D So per the OP, ...
by wolf359
Mon Feb 25, 2019 3:20 pm
Forum: Personal Investments
Topic: I'm essentially market timing, but can't bring myself to stop.
Replies: 71
Views: 6684

Re: I'm essentially market timing, but can't bring myself to stop.

The money coming in from your wife's account comes in when it comes in. Therefore, let's just consider the current portfolio and the cash. It's worth considering whether or not to pay off any mortgages because you have the opportunity to do so. If not, you have a portfolio of 1,160,000 that is compr...
by wolf359
Mon Feb 25, 2019 2:25 pm
Forum: Personal Finance (Not Investing)
Topic: Nervous about locking up money in SPIA
Replies: 101
Views: 6345

Re: Nervous about locking up money in SPIA

Does it make sense to purchase an SPIA in an IRA? It doesn't work that way. You don't hold an SPIA within an IRA. You can either fund an SPIA with post-tax dollars or "qualified" dollars within an IRS. If they are funded with post-tax dollars, the IRS considers that the payouts are return of princi...
by wolf359
Mon Feb 25, 2019 10:34 am
Forum: Personal Finance (Not Investing)
Topic: Nervous about locking up money in SPIA
Replies: 101
Views: 6345

Re: Nervous about locking up money in SPIA

I'm years away from doing this, but I'm also considering use of a SPIA when the time comes. I have similar concerns about giving up so much money at once. One thing to consider - as long as you don't annuitize ALL your money (and limiting it to 25% is well below any concerning thresholds), people wh...
by wolf359
Mon Feb 25, 2019 10:24 am
Forum: Personal Finance (Not Investing)
Topic: Our 'cure' for emergency expenses
Replies: 112
Views: 14891

Re: Our 'cure' for emergency expenses

I use YNAB4. Unfortunately they don't sell it anymore. It was a one-time purchase rather than an on-going subscription, and it had more flexibility of functionality and better cash flow awareness than the newer version (which is online) has. I have chosen not to upgrade. Not sure what I'll do when ...
by wolf359
Mon Feb 25, 2019 10:11 am
Forum: Personal Finance (Not Investing)
Topic: I have the answer - 4% plus 2 years (or 3.7% if you prefer)
Replies: 81
Views: 6484

Re: I have the answer - 4% plus 2 years (or 3.7% if you prefer)

The bigger risk of the 4%, 3.7%, 3%, (or less) method is to die with a gigantic unspent portfolio, allowing the financial advisor to pay his Yacht payment by keeping more assets under management (AUM). Considering that I've never even heard a rumor of anyone who was actually implementing a fixed re...
by wolf359
Fri Feb 22, 2019 2:47 pm
Forum: Investing - Theory, News & General
Topic: Target Date funds are hazardous to your wealth
Replies: 59
Views: 7951

Re: Target Date funds are hazardous to your wealth

Thanks for the link. I guess I read this differently - didn't view it as short term advice. I totally get what you are saying, but just because the title of an article may well be perceived as click bait, does not necessarily mean the content is garbage. In this case, I gave no weight to the title ...
by wolf359
Thu Feb 21, 2019 2:10 pm
Forum: Investing - Theory, News & General
Topic: Target Date funds are hazardous to your wealth
Replies: 59
Views: 7951

Re: Target Date funds are hazardous to your wealth

He criticizes lazy Portfolios, all of which hold some bonds (even the Second Grader!) for not matching the S & P 500. Guess what? A 50/50 portfolio isn't going to match it, either. Right after that, he states that going 100% stock for anybody would be foolhardy. He's got some interesting perspectiv...
by wolf359
Thu Feb 21, 2019 1:08 pm
Forum: Personal Finance (Not Investing)
Topic: 4% SWR - how confident are you?
Replies: 117
Views: 8021

Re: 4% SWR - how confident are you?

How confident are you with the 4% SWR and is this based on a 30 year retirement plan or as some people are saying this can apply to an infinite time period. There seems to be mixed opinions all over the place regarding this. For instance, if I retire at 50 with $1M, take out $40k/yr until 65, then ...
by wolf359
Thu Feb 21, 2019 11:31 am
Forum: Personal Investments
Topic: Should I keep money in TSP long term?
Replies: 66
Views: 2894

Re: Should I keep money in TSP long term?

I have also been envious of those who were able to use the TSP. I have never had a 401k program that came close to matching their low expenses. Vanguard, Schwab, and Fidelity now have funds that are at or below those costs, but you have to access them in a taxable or IRA account. An advisor who disl...
by wolf359
Wed Feb 20, 2019 9:58 pm
Forum: Investing - Theory, News & General
Topic: [misleading] "The Greatest Investor You’ve Never Heard Of: An Optometrist Who Beat The Odds To Become A Billionaire"
Replies: 6
Views: 1966

Re: [misleading] "The Greatest Investor You’ve Never Heard Of: An Optometrist Who Beat The Odds To Become A Billionaire"

Well, after his entrepreneurial brilliance, he had an income of about $10 million a year by his 40's. He invested that diligently and now that he is 79, is worth $2.3 billion. Although he was investing throughout his lifetime, that's probably when his portfolio started shooting through the roof. He ...
by wolf359
Tue Feb 19, 2019 8:35 pm
Forum: Personal Investments
Topic: “Won the Game” how do you know?
Replies: 96
Views: 8104

Re: “Won the Game” how do you know?

If I work until I drop, I wouldn't regret my earlier choices -- I'd be dead. I hate this phrase that gets tossed around here. Why not jump off a cliff then? A person wouldn't regret that choice because they'd be dead, right? If you actually equate suicide with saving for the future, then I may have...