Search found 1743 matches

by Raybo
Fri Apr 19, 2019 2:49 am
Forum: Personal Consumer Issues
Topic: What is your hobby and how did it come to be your hobby?
Replies: 88
Views: 6338

Re: What is your hobby and how did it come to be your hobby?

My main hobby/passion is traveling long distances by bicycle. Generally, I ride 800-1000 miles per trip once a year, twice, if I am lucky. This requires a good deal of local riding to stay in shape and then train for a tour. Living in SF makes the training more pleasant but also hillier than many ot...
by Raybo
Fri Apr 05, 2019 12:10 pm
Forum: Personal Finance (Not Investing)
Topic: Married couples: can you have a team mentality with separate finances?
Replies: 183
Views: 8390

Re: Married couples: can you have a team mentality with separate finances?

I've had it both ways (two wives!) First wife was bad at math and secretive about money. We both ran our own businesses. She preferred to keep things private. Eventually, I found out that while I was putting money in a saving account, she was rolling over her credit card debt month to month. I start...
by Raybo
Wed Apr 03, 2019 10:36 pm
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?

To me, it depends on what drives you. If you are content working in a dynamic, though big, organization and doing well in it, then staying there, investing well, and retiring (from paid work) as soon as you can might be a better life plan. If, on the other hand, running your own show, dealing with a...
by Raybo
Tue Apr 02, 2019 8:05 am
Forum: Personal Consumer Issues
Topic: Alitalia
Replies: 11
Views: 711

Re: Alitalia

Always
Late
In
Taking-off
Always
Late
In
Arriving
by Raybo
Sun Mar 31, 2019 7:33 am
Forum: Personal Investments
Topic: Rethinking investments
Replies: 11
Views: 1223

Re: Rethinking investments

What withdrawal method are you using? Do you have any bonds?

Dividend paying stocks tend to be older companies in established businesses. Just the kinds of places killed by the internet.

I suggest you need a broader strategy then a more specific tactic.
by Raybo
Thu Mar 28, 2019 9:16 am
Forum: Investing - Theory, News & General
Topic: 17 out of 18 American Funds have beaten the index
Replies: 63
Views: 4644

Re: 17 out of 18 American Funds have beaten the index

I was given this same marketing hype from an Edward Jones rep. When I mentioned the sales load, the comparison against the index (no dividends) not the actual performance, and that it seemed a bit misleading, he said they had other funds, if I was interested. I wasn't.
by Raybo
Thu Mar 21, 2019 9:12 am
Forum: US Chapters
Topic: San Francisco Mid Peninsula, California Chapter
Replies: 40
Views: 5820

Re: San Francisco Mid Peninsula, California Chapter

Is anyone driving from San Francisco? I need a ride.

PM me if I can catch a ride with you. I live in Noe Valley, but can bus to where you area.
by Raybo
Fri Mar 15, 2019 8:50 am
Forum: Personal Investments
Topic: retirement planning
Replies: 7
Views: 1332

Re: retirement planning

It is unlikely that an allocation that is 75% bonds will return 4% a year going forward. If you told the FA at Vanguard that you wanted to make 4% a year and you have a CD earning 3%, it makes sense that the FA would suggest selling it and moving it into something else. We would all like to have a l...
by Raybo
Sun Mar 10, 2019 7:48 pm
Forum: Personal Investments
Topic: Spouse wants to buy individual stocks
Replies: 78
Views: 5654

Re: Spouse wants to buy individual stocks

In my view, it depends on how he gets his information about the stocks he wants to trade and how much he wants to "play" with. When I was working, I consulted for various companies in Silicon Valley. It wasn't hard to get a pretty good idea of how the company was doing by just walking around and lis...
by Raybo
Sun Mar 10, 2019 7:38 pm
Forum: Investing - Theory, News & General
Topic: Larry's new book The Complete Guide to a Successful & Secure Retirement
Replies: 22
Views: 6204

Re: Larry's new book The Complete Guide to a Successful & Secure Retirement

I checked this book out of the library and found it aimed at a pretty sophisticated investors. It isn't that Larry uses words without defining them, he defines them and then uses them liberally. Words like asset allocation, diversification, correlation, etc. I had no trouble with them, buy people ne...
by Raybo
Thu Mar 07, 2019 10:31 am
Forum: Personal Consumer Issues
Topic: Has any retiree taken classes at 4-year college - for interest - e.g. Spanish
Replies: 108
Views: 5791

Re: Has any retiree taken classes at 4-year college - for interest - e.g. Spanish

I scanned this thread and didn't see listed one of the best resources for learning languages via the web, in my opinion. It is www.conversationexchange.com . It is a site that hosts thousands of people looking to exchange conversation with native speakers in any language you might want to learn. I a...
by Raybo
Wed Mar 06, 2019 6:28 pm
Forum: Investing - Theory, News & General
Topic: What do you tell people who ask for retirement/investment advice?
Replies: 71
Views: 5255

Re: What do you tell people who ask for retirement/investment advice?

I find that people who ask me for advice often are open to what I have to say. I always start by asking what their goals are. This usually focuses the conversation on them and their desires. Most people are open to such discussions. I also ask a lot of specific financial questions. Mostly, I offer c...
by Raybo
Mon Mar 04, 2019 12:09 am
Forum: Personal Investments
Topic: Accumulation/decumulation strategy
Replies: 12
Views: 1275

Re: Accumulation/decumulation strategy

You should check out this thread on McClung's ideas of decumulation strategies, specifically Prime Harvesting: https://www.bogleheads.org/forum/viewtopic.php?t=192105 It is a variation of your idea but instead of spending your bonds down to 0 and then spending stocks, there is a mechanism where by y...
by Raybo
Sun Mar 03, 2019 3:52 pm
Forum: Personal Finance (Not Investing)
Topic: How to decline additional responsibilities in work?
Replies: 14
Views: 2029

Re: How to decline additional responsibilities in work?

Ever read The Peter Principle? The author, a funny, insight, college professor who called himself a hierarcheologist, studied bureaucracies and discovered the Peter Principle (the author's name is Lawrence Peter): In a hierarchy, people rise to their level of incompetence. That is, when you stop doi...
by Raybo
Sun Mar 03, 2019 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: Top Down Estimate of Retirement Income Needs
Replies: 6
Views: 709

Re: Top Down Estimate of Retirement Income Needs

I take money out of my accounts as I need them. It has no correlation with what I made when I worked (and was socking away money for retirement). I agree with above posters who suggested an estimate based on known or predicted expenses to arrive at a "money needed annually" amount. That is the amoun...
by Raybo
Sun Mar 03, 2019 9:24 am
Forum: Personal Finance (Not Investing)
Topic: Wow, my paycheck is now at 2015 levels after the "tax cut"
Replies: 19
Views: 3046

Re: Wow, my paycheck is now at 2015 levels after the "tax cut"

The tax cut had no impact on me. I didn't pay any Federal tax in 2017 and I won't pay any tax in 2018.
by Raybo
Fri Mar 01, 2019 10:28 am
Forum: Personal Consumer Issues
Topic: Retirement in Switzerland
Replies: 53
Views: 4735

Re: Retirement in Switzerland

I have found that restaurants are very expensive in Switzerland, likely due to high wages. Hotels, on the other hand, seemed reasonable to me. Food in supermarkets were at or a bit more than what I expect in San Francisco, which is the opposite of Switzerland, high hotels costs and reasonable restau...
by Raybo
Sat Feb 23, 2019 1:16 pm
Forum: Personal Investments
Topic: What’s the next Boglehead move?
Replies: 21
Views: 2486

Re: What’s the next Bogelhead move?

You certainly are getting your financial house in order. Now that you see the value in saving and planning for retirement, don't miss the chance to do things when you are young that might be harder when you get older or that might inform what you want to do as you get older. Examples might be hard p...
by Raybo
Thu Feb 21, 2019 12:03 pm
Forum: Personal Finance (Not Investing)
Topic: Side gig ideas with minimal requirements?
Replies: 124
Views: 8975

Re: Side gig ideas with minimal requirements?

On the assumption that this is a serious post (which I doubt), you might look for on-line tasks that others are willing to pay you for, such as, data entry. I have no idea if such things exist, but I keep hearing about them.
by Raybo
Wed Feb 20, 2019 7:39 pm
Forum: Personal Finance (Not Investing)
Topic: Family member duped into life insurance -- any recourse?
Replies: 84
Views: 7358

Re: Family member duped into life insurance -- any recourse?

Long ago, I bought a Universal Life Policy from a knowledgeable American Express financial advisor. He told me, in general, how the policy worked, showed me the investment categories, said I could borrow out the cash value without paying taxes. I had no need for insurance but I was looking to shelte...
by Raybo
Wed Feb 20, 2019 10:23 am
Forum: US Chapters
Topic: Do you discuss BH philosophy with others?
Replies: 66
Views: 3269

Re: Do you discuss BH philosophy with others?

I get asked by two types of people. Those who are getting older and closer to retirement age and who wonder what to do with things moving forward. There are usually people who have some retirement savings and are getting tired of working. The second type are women who my wife offers my advice to whe...
by Raybo
Tue Feb 19, 2019 5:04 pm
Forum: Personal Finance (Not Investing)
Topic: Family member duped into life insurance -- any recourse?
Replies: 84
Views: 7358

Re: Family member duped into life insurance -- any recourse?

It is impressive what passes for ethical behavior for insurance salespeople!
by Raybo
Mon Feb 18, 2019 9:20 am
Forum: Investing - Theory, News & General
Topic: rebalancing during decumulation phase
Replies: 61
Views: 4389

Re: rebalancing during decumulation phase

I have been decumulating for close to 20 years now. At first, after selling a house and not buying another one, I had a large taxable account that I lived on. My taxable account got a good bump after 2008 when things recovered. I am getting to the end of my taxable account, which I hope to stretch ...
by Raybo
Sun Feb 17, 2019 8:18 pm
Forum: Investing - Theory, News & General
Topic: rebalancing during decumulation phase
Replies: 61
Views: 4389

Re: rebalancing during decumulation phase

I have been decumulating for close to 20 years now. At first, after selling a house and not buying another one, I had a large taxable account that I lived on. My taxable account got a good bump after 2008 when things recovered. I am getting to the end of my taxable account, which I hope to stretch t...
by Raybo
Sat Feb 16, 2019 6:11 pm
Forum: Investing - Theory, News & General
Topic: 30 years not long enough to calculate SWR?
Replies: 27
Views: 1990

30 years not long enough to calculate SWR?

I started reading Larry Swedroe's new book (co-authored with Kevin Grogan) Your Complete Guide to a Successful and Secure Retirement. In it, he says Historically, a safe harbor withdrawal rate for a 65 year-old couple has only been about 4% of the portfolio's initial value [adjusted each year for in...
by Raybo
Fri Feb 15, 2019 2:28 pm
Forum: Personal Finance (Not Investing)
Topic: What business did you sell?
Replies: 10
Views: 1052

Re: What business did you sell?

When I was working, I taught people how to use and program computers. I wrote books, articles, a newsletter, and taught live classes. Then, I created a set of video training tapes. I added video tapes made by others to create a real catalog of courses. This grew enough that I hired someone to manage...
by Raybo
Tue Feb 12, 2019 4:42 pm
Forum: Personal Investments
Topic: Advice on bridge to SS, asset mix, etc
Replies: 15
Views: 1153

Re: Advice on bridge to SS, asset mix, etc

A bit of math if I read your post correctly: You need $12K/month and have a pension of about $6K/month until you are 62 and then (roughly) $5K/month thereafter. At 70, your pension and social security are $12K/month, equaling your projected expenses. This means you need to generate $6K x 12 = $72K f...
by Raybo
Tue Feb 12, 2019 1:36 pm
Forum: Personal Investments
Topic: What stress test do you run on your retirement portfolio?
Replies: 39
Views: 2273

Re: What stress test do you run on your retirement portfolio?

I use 2008. I have no clue what this means, how do you use it? -50% return? In 2008, I watched my asset pile decline precipitously. At the bottom, I realized I might not have enough if things kept falling and didn't recover. I took (ill-advised, it turns out) steps to give my assets time to recover...
by Raybo
Tue Feb 12, 2019 9:19 am
Forum: Personal Finance (Not Investing)
Topic: Small business partial ownership
Replies: 22
Views: 818

Re: Small business partial ownership

For me, the answer would come down to this: Will you be creating new material or adapting existing material? If you are adapting material you already have, then it gives you another way to profit off work you've done previously. I would see it like writing a book from a class you teach or teaching a...
by Raybo
Mon Feb 11, 2019 10:15 am
Forum: Non-US Investing
Topic: Insurance for the aging parent
Replies: 6
Views: 665

Re: Insurance for the aging parent

First, do some research on how much it might cost to pay for some expensive medical treatment. Once you know how much money you might need, you can begin building a kind of Dad's emergency fund to pay for such a problem. You will likely have some notice before such an operation is needed so I don't ...
by Raybo
Sun Feb 10, 2019 12:51 pm
Forum: Personal Investments
Topic: Is more in my taxable my only option now?
Replies: 6
Views: 738

Re: Is more in my taxable my only option now?

You might look into IBonds. They pay a (tiny) real interest rate and get an inflation adjustment, so, essentially, they keep pace with inflation. The good thing for you is that the interest and inflation adjustments are tax deferred, only being recognized as income when the bond is cashed. They can'...
by Raybo
Sat Feb 09, 2019 10:46 pm
Forum: Personal Consumer Issues
Topic: a week in Italy(first time)
Replies: 29
Views: 1827

Re: a week in Italy(first time)

First, give up any idea of actually seeing everything in any of the cities you visit. Pick a list of things you want to see in each place, determine if you can buy tickets on-line, and then create a schedule around those sites. Like others have said, choose 2 cities (my choices would be Florence and...
by Raybo
Fri Feb 08, 2019 2:35 pm
Forum: Personal Consumer Issues
Topic: Hostels while solo traveling in Europe?
Replies: 23
Views: 2257

Re: Hostels while solo traveling in Europe?

If you like to interact with locals, check out couchsurfing.org. It is full of local people who will offer you a place to stay in their houses for free. There are also people looking to meet travelers, as well. This site has been around for many years and has all the problems of free internet sites....
by Raybo
Fri Feb 08, 2019 10:17 am
Forum: Personal Consumer Issues
Topic: Visiting Hawaii- Big Island - 8 days
Replies: 24
Views: 1853

Re: Visiting Hawaii- Big Island - 8 days

I have 3 suggestions. Both are south of Kona, so not all that far from where you are staying. First is Kahalu'u Beach. Of all the places I've snorkled in Hawaii, this beach was the most spectacular. The lagoon is protected by a reef about 100 yards off shore. The water is warm and the fish are every...
by Raybo
Thu Feb 07, 2019 10:12 pm
Forum: Investing - Theory, News & General
Topic: To What Degree Does Money Buy Happiness?
Replies: 107
Views: 5046

Re: Does Money Buy Happiness?

It depends on what someone has to do to get the money in the first place.
by Raybo
Mon Feb 04, 2019 11:45 pm
Forum: Personal Finance (Not Investing)
Topic: Chase credit card dispute - denied
Replies: 141
Views: 9094

Re: Chase credit card dispute - denied

Does Avis have video cameras in the rental locations or the car pick-up? If so, you could ask to see the video. Maybe that would convince Chase.

Frankly, I'd cancel the Chase card and find another bank.
by Raybo
Mon Feb 04, 2019 8:11 pm
Forum: Personal Consumer Issues
Topic: Trip to San Francisco & San Jose - tips on travel
Replies: 20
Views: 1127

Re: Trip to San Francisco & San Jose - tips on travel

Regarding Muir Woods, it is now required that you get (pay for) a parking reservation in order to drive a car to Muir Woods. You can get these on-line.

There is a bus and a park and ride tram to get there, instead.
by Raybo
Mon Feb 04, 2019 9:27 am
Forum: Personal Investments
Topic: Accumulating to Spending Stage
Replies: 23
Views: 1904

Re: Accumulating to Spending Stage

I'd suggest you read Michael McClurg's book Living Off Your Money (http://livingoffyourmoney.com/) as a start. Also, check out the long thread discussing his book (https://www.bogleheads.org/forum/viewtopic.php?t=192105). That should jump start your study on withdrawal methods and provide you with t...
by Raybo
Mon Feb 04, 2019 9:19 am
Forum: Personal Investments
Topic: Help with our retirement investments
Replies: 2
Views: 411

Re: Help with our retirement investments

Investing is about achieving goals. What are you trying to achieve? Will you move back to the US at some point? If so, when? After your wife retires or when she is reassigned? Will you sell the house you have now or keep it? I have no idea what stocks you are invested in, as I can only recognize a f...
by Raybo
Mon Feb 04, 2019 9:09 am
Forum: Personal Consumer Issues
Topic: Trip to San Francisco & San Jose - tips on travel
Replies: 20
Views: 1127

Re: Trip to San Francisco & San Jose - tips on travel

The fall in the Bay Area is the nicest time of the year, in my experience. September is the "hottest" month. If you come in, say, October and it is a "normal" year and you like hiking, it is likely you will want to visit Marin County and do some hiking. Getting there on a bus is doable buy not easy....
by Raybo
Fri Feb 01, 2019 3:24 pm
Forum: Personal Investments
Topic: Am I supposed to keep dumping any excess money in an index fund and thats it?
Replies: 39
Views: 4411

Re: Am I supposed to keep dumping any excess money in an index fund and thats it?

Depending on your tax status, you might consider IBonds. You can only buy $5K/year but they accrue interest tax-deferred for up to 20 years. An IBond has a real interest rate and an inflation adjustment. Thus, the bond gains in (taxable) value as inflation grows. It pays the real interest rate on th...
by Raybo
Mon Jan 28, 2019 4:32 pm
Forum: Personal Consumer Issues
Topic: Do you do backpacking in your 50s or 60s?
Replies: 51
Views: 3669

Re: Do you do backpacking in your 50s or 60s?

I don't backpack. But, I do BIKEpack, where the weight is on the bike not on my back. Also, I ride on roads or gravel paths and go about 50 miles a day. I'm 66. With the exception of distance and how the weight is carried, the two endeavors are quite similar. Like you, I get my fair share of "you mu...
by Raybo
Mon Jan 28, 2019 9:59 am
Forum: Personal Investments
Topic: Complicated income situation - need help with retirement accounts
Replies: 14
Views: 1351

Re: Complicated income situation - need help with retirement accounts

First, stop beating yourself up about missing tax deferred opportunities. What's done is done. While IRA investments defer taxes, it doesn't mean that after-tax investments are a bad idea. There are ways to invest money in after-tax accounts that minimize taxes. There are I- and E-Bonds that are tax...
by Raybo
Sun Jan 27, 2019 10:28 am
Forum: Personal Finance (Not Investing)
Topic: People with websites as side hustle or business, what marketing channels do you use
Replies: 27
Views: 2355

Re: People with websites as side hustle or business, what marketing channels do you use

First, there are plenty of books on this topic. Have him/her go to his local library and look at the internet business section. There also are websites and blogs that talk about promoting a website. What does this website do/sell? My approach (for a non-income producing website) is respond to posts ...
by Raybo
Fri Jan 25, 2019 10:12 am
Forum: Personal Investments
Topic: Thoughts on this for retirees?
Replies: 9
Views: 926

Re: Thoughts on this for retirees?

Thanks, what would you suggest? There is no one answer for everyone. We would need some more information: What is the purpose of the investment? What other investments do you have? What are you trying to achieve? My suggestion is to stop talking to insurance salespeople and start reading books abou...
by Raybo
Fri Jan 25, 2019 9:40 am
Forum: Personal Investments
Topic: Thoughts on this for retirees?
Replies: 9
Views: 926

Re: Thoughts on this for retirees?

This is a bad investment. It is designed for people who are scared to lose money in they stock market so the sales pitch is all about the no-loss guarantee along with the limited upside. Note that the option is based on the index, but likely excludes dividends. While the no-loss guarantee is for the...
by Raybo
Fri Jan 25, 2019 9:33 am
Forum: Personal Consumer Issues
Topic: Where to stay in Naples, Italy and along Amalfi coast
Replies: 36
Views: 1995

Re: Where to stay in Naples, Italy and along Amalfi coast

If you want to visit Pompeii, it makes sense to stay in Sorrento. It has easy train connections to Pompeii, Herculaneum and Naples (where you will likely want to visit the Archeological Museum to see the truly amazing Pompeii artifacts), has ferries to Capri, and is a real city with all the amenitie...
by Raybo
Thu Jan 24, 2019 9:47 pm
Forum: Personal Consumer Issues
Topic: 2-week European vacation
Replies: 34
Views: 2484

Re: 2-week European vacation

A bit more information about what you want to see and do is necessary. Do you want to see art? Historic places? Beautiful architecture? Eat local foods, meet local people? Do you speak any European languages? Assume that a ride from a major city to another will take a day. It might not, but trains d...
by Raybo
Tue Jan 22, 2019 6:18 pm
Forum: Investing - Theory, News & General
Topic: Your Retirement W/D method and why?
Replies: 40
Views: 3776

Re: Your Retirement W/D method and why?

I have been retired for 19 years and just reached full retirement age. In all that time, I've been using taxable money to live on. At first, I had a wide set of investments to choose from to fund my expenses. I've now consumed most of them. My main taxable account has large taxable gains that I am s...