Search found 2617 matches

by RadAudit
Wed Nov 22, 2017 4:08 pm
Forum: Investing - Help with Personal Investments
Topic: Looking for 2nd opinions on early retirement portfolio & plan
Replies: 4
Views: 641

Re: Looking for 2nd opinions on early retirement portfolio & plan

Our current plan would be to live off the brokerage account until age 59.5 when we could then access the retirement accounts penalty free. In case you get to the point of wanting an early retirement before 59.5, look at a 72(t)[?] so you can withdraw earlier from a retirement plan penalty free - if...
by RadAudit
Wed Nov 22, 2017 9:34 am
Forum: Investing - Help with Personal Investments
Topic: Advice to become wealthy
Replies: 58
Views: 4768

Re: Advice to become wealthy

westrichj312 wrote:
Wed Nov 22, 2017 9:19 am
best chance for most is to marry someone with a rich family!
Sometimes that is a very expensive way to become rich.
by RadAudit
Wed Nov 22, 2017 8:29 am
Forum: Personal Consumer Issues
Topic: Tipping contractors?
Replies: 15
Views: 1124

Re: Tipping contractors?

Thanks to all for your replies.
by RadAudit
Tue Nov 21, 2017 1:33 pm
Forum: Personal Consumer Issues
Topic: Tipping contractors?
Replies: 15
Views: 1124

Tipping contractors?

We're in the middle of a remodel of a 30+ year old home (2 1/2 baths, kitchen, den, downstairs flooring). Hopefully, they'll be finished by Christmas. The contractor was the low bid and (so far) has done very satisfactory work. The question DW has is how much, if anything, should we pay them as a bo...
by RadAudit
Tue Nov 21, 2017 8:17 am
Forum: Personal Consumer Issues
Topic: Your favorite Costco wines?
Replies: 40
Views: 3579

Re: Your favorite Costco wines?

TLC1957 wrote:
Tue Nov 21, 2017 4:17 am
So if you went to a wedding and saw Costco wine (Kirkland) what would think?
I would think you made the right choice given the number of people invited.

But, if your friends came just to drink high priced wine at your expense maybe you've got the wrong folks on the guest list.
by RadAudit
Mon Nov 20, 2017 7:29 am
Forum: Personal Finance (Not Investing)
Topic: The valet smashed my Tesla into a brick wall!
Replies: 102
Views: 10674

Re: The valet smashed my Tesla into a brick wall!

I have a great deal of sympathy for the OP. Tough situation. Best of luck going forward.

My DW - who thinks I spend way too much time on this site - said "Didn't he ever watch Ferris Bueller's Day Off?"
by RadAudit
Sat Nov 18, 2017 7:04 am
Forum: Personal Consumer Issues
Topic: Confused!!!! CRCCs or home care..? Help!!
Replies: 12
Views: 1120

Re: Confused!!!! CRCCs or home care..? Help!!

Mom lived alone for 10 years after Dad died. After some resistance, we let the out of town older sister be the bad guy, she took our suggestion and moved to a CCRC. A couple of years later, she said she should of made the move ten years sooner.
by RadAudit
Fri Nov 17, 2017 12:36 pm
Forum: Investing - Help with Personal Investments
Topic: Target Date Fund Investment Strategy
Replies: 12
Views: 921

Re: Target Date Fund Investment Strategy

Looks OK. That's probably what I'd do if I were young. Some will ask whether the brokerage account is a taxable account. Then they might point out that such an arrangement might result in higher taxable income. Lot of different ways to skin this cat. Three fund portfolio with municipals in the taxab...
by RadAudit
Wed Nov 15, 2017 12:19 pm
Forum: Personal Consumer Issues
Topic: Regrets after reaching retirement?
Replies: 42
Views: 4308

Re: Regrets after reaching retirement?

I have a few minor regrets that I didn't retire sooner. But, water under the bridge.
by RadAudit
Tue Nov 14, 2017 4:22 pm
Forum: Investing - Help with Personal Investments
Topic: Mother in retirement: Withdraw annually or monthly?
Replies: 19
Views: 1959

Re: Mother in retirement: Withdraw annually or monthly?

I am not so sure I know the right answer.

If the WR is < 3% or 4% / year and the WR will not draw down the account to zero in your MIL's lifetime, I'm not so sure it makes a difference.
by RadAudit
Mon Nov 13, 2017 4:49 pm
Forum: Investing - Theory, News & General
Topic: Buffett 90/10 Portfolio vs Target Retirement
Replies: 29
Views: 3236

Re: Buffett 90/10 Portfolio vs Target Retirement

I don't considerate it to be unpatriotic to the USA or disrespectful to Mr. Bogle to have a diversified portfolio. Go with a target retirement fund.
by RadAudit
Sun Nov 12, 2017 8:50 am
Forum: Personal Finance (Not Investing)
Topic: How old are you and how much do you save for retirement a year
Replies: 151
Views: 12736

Re: How old are you and how much do you save for retirement a year

I'm 70. I'm still trying to save the difference between (RMD-taxes) and (SWR-taxes).

Crazy, isn't it?
by RadAudit
Sat Nov 11, 2017 10:14 pm
Forum: Investing - Theory, News & General
Topic: Retirees: I got this!!
Replies: 82
Views: 9671

Re: Retirees: I got this!!

Of those BHs who've been retired a while, I was wondering when you really started feeling comfortable about your finances in retirement. That is, where you thought it's highly unlikely that you'd run into massive distress about your investments. I've been retired almost 7 years and find myself feel...
by RadAudit
Fri Nov 10, 2017 5:41 pm
Forum: Personal Finance (Not Investing)
Topic: Why NOT make more money?
Replies: 201
Views: 16587

Re: Why NOT make more money?

The potential problem for me is: Why not make more money to fly in business class, to slow travel overseas in good hotels 6 months every year, to eat lobsters every week, and to buy a luxury car every three years? Since I teach at a university, I have a lot of free time. I think, at this time if I ...
by RadAudit
Thu Nov 09, 2017 8:17 am
Forum: Personal Finance (Not Investing)
Topic: Why make more money?
Replies: 134
Views: 12894

Re: Why make more money?

I suppose if you die at work next year, the time lost to work no longer matters (to you) anymore... Probably won't matter to you or to too many others. I remember the observation making the rounds at work on a regular basis - if you think you're irreplaceable at work, put your finger in a cup of co...
by RadAudit
Wed Nov 08, 2017 9:02 pm
Forum: Personal Finance (Not Investing)
Topic: Why make more money?
Replies: 134
Views: 12894

Re: Why make more money?

Back to the OPs original question. I don't know. I got to that number at 63 (not that early) and handed in my retirement papers. I remember my boss telling me then to be sure of my decision because he couldn't hire me back in to the corporation if I changed my mind. Two years later, he was dead from...
by RadAudit
Tue Nov 07, 2017 5:31 pm
Forum: Investing - Theory, News & General
Topic: "I took all my money out of the stock market and it feels amazing"
Replies: 69
Views: 8732

Re: "I took all my money out of the stock market and it feels amazing"

Well, if she is happy, I'm happy for her. She's got the money she figures she needs and she's still working part time (?) until 70 - eight years away (?). Sounds as if she did what she needed / wanted to do. In a way, it sounds better than to spend time in semi-retirement wondering whether or not yo...
by RadAudit
Tue Nov 07, 2017 7:49 am
Forum: Investing - Theory, News & General
Topic: "$1 Million is Closer Than You Think"
Replies: 54
Views: 9348

Re: "$1 Million is Closer Than You Think"

I think it deserves a sub-title: $1 Million isn't as much as you think! A million used to be a LOT of money -- yacht-buying territory. Now its is ALMOST enough to retire on. Yogi Berra said it so well so many years ago - A nickel ain't worth a dime anymore. About 8 years ago - and for the 30 years ...
by RadAudit
Mon Nov 06, 2017 12:29 pm
Forum: Personal Finance (Not Investing)
Topic: Morningstar: Cognitive decline in aging. A strong case for portfolio simplification?
Replies: 98
Views: 7718

Re: Morningstar: Cognitive decline in aging. A strong case for portfolio simplification?

All though it wasn't a case of cognitive decline - Dad use the wrong tax table for income taxes on a trust and it cost an extra $50 to set right - I got to be the trustee. Most all of us have made multiple worse mistakes on equally simple(?) aspects of our taxes, and continue making similar mistake...
by RadAudit
Mon Nov 06, 2017 7:06 am
Forum: Personal Finance (Not Investing)
Topic: Morningstar: Cognitive decline in aging. A strong case for portfolio simplification?
Replies: 98
Views: 7718

Re: Morningstar: Cognitive decline in aging. A strong case for portfolio simplification?

I concur with the idea of having a will, POA, etc. All though it wasn't a case of cognitive decline - Dad used the wrong tax table for income taxes on a trust and it cost an extra $50 to set right - I got to be the trustee. After Dad died, I was absolutely amazed that so many in the family would hav...
by RadAudit
Fri Nov 03, 2017 8:49 am
Forum: Investing - Theory, News & General
Topic: Active vs. Passive: a Vanguard perspective
Replies: 3
Views: 663

Re: Active vs. Passive: a Vanguard perspective

Since a truly passive approach to investing would resemble the orange horizontal line slightly below zero (represented by Vanguard Total Stock Market Index Fund), this suggests index-fund investors have been building active portfolios. So, apparently, some investors are chasing increased returns by...
by RadAudit
Thu Nov 02, 2017 5:57 pm
Forum: Personal Finance (Not Investing)
Topic: Does Retirement Make You Lazier?
Replies: 87
Views: 7589

Re: Does Retirement Make You Lazier?

Retirees, what's your experience? It takes a while to get settled in to retirement. Everyone's experience is different. Yours will work for you. I wouldn't worry about it. As for me, I'm exercising more, losing weight, playing with the grand kids, and traveling more - and a few other things. Never ...
by RadAudit
Thu Nov 02, 2017 10:52 am
Forum: Investing - Theory, News & General
Topic: RU giving advice on cutting the financial cord w/adult children?
Replies: 1
Views: 637

Re: RU giving advice on cutting the financial cord w/adult children?

Looking forward to the article for ideas. What I've done so far doesn't seem to be working as well as I had hoped. :D
by RadAudit
Wed Nov 01, 2017 5:12 pm
Forum: Personal Consumer Issues
Topic: Electric fireplace
Replies: 13
Views: 1081

Re: Electric fireplace

Had a regular fireplace for 45+ years. Thinking of going electric after the den remodel.

No accounting for personal taste. Hope things will turn out OK.
by RadAudit
Sun Oct 29, 2017 7:29 pm
Forum: Personal Finance (Not Investing)
Topic: What was the main reason you retired?
Replies: 210
Views: 15113

Re: What was the main reason you retired?

Isn't that long the lines of, Maslow's Hierarchy of Needs where self-actualization can't happen unless lower more immediate needs like food, clothing, shelter, are fulfilled? I wondered where that came from. I was raised by a son of a share cropper. I don't think in the Depression they got much pas...
by RadAudit
Sun Oct 29, 2017 7:25 pm
Forum: Personal Finance (Not Investing)
Topic: What was the main reason you retired?
Replies: 210
Views: 15113

Re: What was the main reason you retired?

You maintain this is easily fixed. Then why doesn't everyone just find a job they like that provides adequate compensation? Is everyone too dumb or too lazy? Neither. It probably has something to do with the values one internalizes which impact the life decisions one makes and the actions one takes...
by RadAudit
Sun Oct 29, 2017 2:28 pm
Forum: Personal Finance (Not Investing)
Topic: What was the main reason you retired?
Replies: 210
Views: 15113

Re: What was the main reason you retired?

Nothing is worse then not being happy in a job that takes up 8-10 hours of your day for 5 days per week for 30+ years just to make money. I concur. It's absolutely amazing to me the rationalizations one is capable of if he is raised in a environment where the highest goals are to put food on the ta...
by RadAudit
Sun Oct 29, 2017 9:07 am
Forum: Personal Finance (Not Investing)
Topic: What was the main reason you retired?
Replies: 210
Views: 15113

Re: What was the main reason you retired?

1 and 4. The last kid had recently graduated from college / school. Those bills were paid. Just received a small inheritance - so the rest of the mortgage was paid off. The numbers in the retirement portfolio looked pretty good. And, for some combination of reasons, the job wasn't as much fun as it ...
by RadAudit
Sat Oct 28, 2017 8:11 pm
Forum: Investing - Help with Personal Investments
Topic: Early-retired 35 year old with $1 million
Replies: 198
Views: 18619

Re: Early-retired 35 year old with $1 million

People have been retiring on less at about your age for a number of years. You might want to read "Your Money or Your Life" - (Revised or updated). If you don't mind wading thru the pseudo-motivational stuff, it has some ideas on how you check to be sure if you have enough.
by RadAudit
Fri Oct 27, 2017 7:18 am
Forum: Investing - Help with Personal Investments
Topic: RMD distribution timing
Replies: 32
Views: 2497

Re: RMD distribution timing

Early in Dec. And, I take taxes out of the RMDs.

Additionally, I have about driven the Feds withholding to zero on the pensions. Seems to be working, so far.
by RadAudit
Fri Oct 27, 2017 5:59 am
Forum: Investing - Help with Personal Investments
Topic: Index investing is boring
Replies: 63
Views: 5572

Re: Index investing is boring

Paul Samuelson
Investing should be dull. It shouldn't be exciting. Investing should be more like watching paint dry or grass grow. If you want excitement, take $800 and go to Las Vegas.
I think I read that quote first in one of Mr. Bogle's earlier books.
by RadAudit
Thu Oct 26, 2017 6:42 pm
Forum: Investing - Theory, News & General
Topic: Career advice: Ok to work as a Commission-Based FA?
Replies: 18
Views: 1281

Re: Career advice: Ok to work as a Commission-Based FA?

Nate79 wrote:
Thu Oct 26, 2017 6:25 pm
Is he a fiduciary?
OK. Stupid question. If he is a FA and is a fiduciary, and selling funds that will be going in to an IRA, how is doing that w / o violating fiduciary rules? Didn't EJ have to switch its business model to comply with fiduciary rules?
by RadAudit
Thu Oct 26, 2017 10:30 am
Forum: Investing - Theory, News & General
Topic: Emotional impact of spending down assets?
Replies: 100
Views: 10027

Re: Emotional impact of spending down assets?

Thanks for the post. For the last eight years, the portfolio balances have been increasing each year. Projections are at 3% SWR that they will continue to do so. But, who knows? What I'm fairly sure of is that no matter what, we'll not be able to make our heirs FI. The trick will be is to make sure ...
by RadAudit
Thu Oct 26, 2017 8:18 am
Forum: Investing - Help with Personal Investments
Topic: Should you rebalance when you’re in your seventies?
Replies: 25
Views: 2506

Re: Should you rebalance when you’re in your seventies?

Given this, is there any reason to rebalance into stocks during the next bear market? Lot of discussion on the board about this. One book (McClung (?) - Living Off Your Money) reviewed on this site described a withdrawal strategy that advised against rebalancing in a bear market when you had to sel...
by RadAudit
Thu Oct 26, 2017 7:54 am
Forum: Investing - Theory, News & General
Topic: Can you own a share [of a person's future earnings?]
Replies: 19
Views: 1731

Re: Can you own a share of a person?

With your explanation, it seems your question is "Can I invest in the future earnings of someone?" and some people have answered that question. Please consider editing the title of your post - it sounds too close to slavery or serfdom. +1 After a quick glance at the title, I had the same thought. I...
by RadAudit
Tue Oct 24, 2017 1:24 pm
Forum: Investing - Help with Personal Investments
Topic: Can one have too much money in tax-deferred
Replies: 128
Views: 11396

Re: Can one have too much money in tax-deferred

The best way to look at a traditional IRA is that it's part yours (1 minus the tax rate) and part the government's, and that the income and gains on your share are tax-free. So ... it's best to have as much as you can in your IRA and to keep it in as long as you can. I'll vote for this explanation....
by RadAudit
Mon Oct 23, 2017 6:13 pm
Forum: Personal Finance (Not Investing)
Topic: Helping college costs of grandchildren
Replies: 37
Views: 2358

Re: Helping college costs of grandchildren

Someone once observed that when siblings are distributing an inheritance, they are no longer siblings. They are people dividing up money. I am pleased that so many on this forum are as well mannered and mature as their posts indicate. When my FIL's estate was divvied up, all the animosities and recr...
by RadAudit
Sat Oct 21, 2017 8:32 am
Forum: Investing - Theory, News & General
Topic: Indexing: capitalism at its finest
Replies: 4
Views: 576

Re: Indexing: capitalism at its finest

Love the quote
The fact that most active managers, though, don’t add enough value to recover their higher fees suggests a current oversupply of active managers.
Active managers beware! Time to step it up.

Thanks for the link.
by RadAudit
Fri Oct 20, 2017 5:21 pm
Forum: Personal Finance (Not Investing)
Topic: Does anyone here with net worths north of $1 mil use financial advisors?
Replies: 164
Views: 14945

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

My FA is Bogleheads.org, the books, the wiki ... Their charge for AUM seems reasonable.

Many thanks to all.
by RadAudit
Tue Oct 17, 2017 7:16 am
Forum: Investing - Help with Personal Investments
Topic: Help w/ parents investments
Replies: 22
Views: 989

Re: Help w/ parents investments

All of Vanguard's Target Date funds end up with a 25/75 split in late retirement, which typically assume that the investor needs that money to live on. That may not be a good assumption in this case. Take a look at VG (or others) Life Strategy (Target Risk) Funds. They have fixed asset allocations ...
by RadAudit
Mon Oct 16, 2017 2:39 pm
Forum: Investing - Theory, News & General
Topic: How does everyone keep track of your portfolio?
Replies: 107
Views: 7085

Re: How does everyone keep track of your portfolio?

Open Office spreadsheet with a few formulas I typed in - addition, percentages, etc. I also cross check with VG's portfolio watch. With all the funds in VG, the update takes about 10 minutes / month.
by RadAudit
Mon Oct 16, 2017 2:14 pm
Forum: Personal Finance (Not Investing)
Topic: couple of questions regarding inflation and the 4% rule
Replies: 19
Views: 2078

Re: couple of questions regarding inflation and the 4% rule

I guess if I were using a CPI other than just a SWAG, I'd use one that came closest to the overall rate of inflation in the economy. Reason (?) being that the overall rate of growth in the stock prices over time is the rate of increase in real earnings + inflation (I guess). My personal rate of infl...
by RadAudit
Thu Oct 12, 2017 7:11 pm
Forum: Investing - Theory, News & General
Topic: Rebalancing - Personal Philosophies
Replies: 43
Views: 3718

Re: Rebalancing - Personal Philosophies

Just to add a wrinkle. I am retired and living off the portfolio. I recently finished McClung's Living Off Your Money. I'm thinking of using one of the approaches - Alt Prime Harvesting (?) - he discusses for withdrawals and rebalancing. https://www.bogleheads.org/forum/viewtopic.php?t=192105 Theore...
by RadAudit
Thu Oct 12, 2017 5:40 pm
Forum: Investing - Help with Personal Investments
Topic: Asset allocation question for my parents
Replies: 16
Views: 870

Re: Asset allocation question for my parents

Welcome to the forum

Have you asked your Dad what he wants to do with his money? Usually, people invest for a goal(s), what are his? Does he want to leave any money to charity?
by RadAudit
Thu Oct 12, 2017 12:19 pm
Forum: Investing - Help with Personal Investments
Topic: Need help investing $1M in today's market
Replies: 24
Views: 3886

Re: Need help investing $1M in today's market

Look here https://www.bogleheads.org/forum/viewtopic.php?t=88005 First post on the thread. Read the linked articles, too. A three fund portfolio will work for a $1 mil. portfolio. It'll work for larger and smaller portfolios, too. And, no. DCA is not necessarily recommended for the highest returns -...
by RadAudit
Wed Oct 11, 2017 4:53 pm
Forum: Personal Finance (Not Investing)
Topic: [Boglehead vs Mr Money Mustache philosophies]
Replies: 203
Views: 15113

Re: [Boglehead vs Mr Money Mustache philosophies]

Teague wrote:
Wed Oct 11, 2017 4:46 pm
Well, heck, since we get to define "retirement" however we please, do we get to define "theoretically sufficient savings" as well?
According to the article on MMM, if you meet the criteria, I guess you can if you want to.
by RadAudit
Wed Oct 11, 2017 4:37 pm
Forum: Personal Finance (Not Investing)
Topic: [Boglehead vs Mr Money Mustache philosophies]
Replies: 203
Views: 15113

Re: [Boglehead vs Mr Money Mustache philosophies]

working a bunch of side jobs isn't "early retirement" ah, yes. The internet retirement police. Please read the article below. http://www.mrmoneymustache.com/2013/02/13/mr-money-mustache-vs-the-internet-retirement-police/ Thanks for the link. Enjoyed the discussion concerning the term retired / fina...
by RadAudit
Tue Oct 10, 2017 8:18 pm
Forum: Investing - Help with Personal Investments
Topic: Advice on Canceling Fidelity Portfolio Advisory Service
Replies: 27
Views: 2249

Re: Advice on Canceling Fidelity Portfolio Advisory Service

Welcome to the forum.

You might want to edit your post / information in to the format discussed here for more complete answers to your questions. viewtopic.php?f=1&t=6212