Search found 702 matches

by Sandi_k
Mon Jul 16, 2018 12:43 am
Forum: Personal Finance (Not Investing)
Topic: What rate of return are you using for retirement projections?
Replies: 99
Views: 8723

Re: What rate of return are you using for retirement projections?

Thank you. Is there a way to quantify the drag of these risks? In particular, the sequence of returns. 1210 Search for LMP - Liability Matching Portfolio. I am handling it by setting aside $50k per year, for 10 years, in TIPS and cash, from the original investment portfolio. Assuming $1.3M in that ...
by Sandi_k
Sun Jul 15, 2018 11:44 am
Forum: Personal Finance (Not Investing)
Topic: What rate of return are you using for retirement projections?
Replies: 99
Views: 8723

Re: What rate of return are you using for retirement projections?

I assume 4% return, 2.5% inflation...so 1.5% real.

This is with a 60/40 allocation, plus cash/TIPS/bonds for the first ten years to fund the "gap" between retirement at age 60, and SocSec at age 70.
by Sandi_k
Wed Jun 27, 2018 12:53 am
Forum: Personal Consumer Issues
Topic: car for long-distance driving
Replies: 80
Views: 5110

Re: car for long-distance driving

I have a cross-country roadtrip coming up next month, and my biggest issue with renting a car is they are always completely stripped down as to features. Usually bare-bones climate controls and stereo system, rougher ride. Basically all the amenities are gone. If there was a way to rent something c...
by Sandi_k
Sun Jun 24, 2018 2:08 pm
Forum: Investing - Help with Personal Investments
Topic: Double Digits years of living expenses in Fixed Income
Replies: 29
Views: 2366

Re: Double Digits years of living expenses in Fixed Income

Nope, not insane, IMO. We plan for the same: 10 years of FI for our "transition" from working to SocSec claiming (age 60-70 for me). The first 5 years is calculated at withdrawing $50k per year from the "transition account." At the end of year 5, the lower earner will claim SocSec at FRA, and the FI...
by Sandi_k
Thu Jun 21, 2018 9:37 am
Forum: Personal Finance (Not Investing)
Topic: Best books for teens about money/debt/credit cards/power of compounding interest, etc.?
Replies: 9
Views: 858

Re: Best books for teens about money/debt/credit cards/power of compounding interest, etc.?

The Jane Bryant Quinn book is huge, but helpful. As I recall, it's organized into sections based on age: what do to in your 20's, 30's, etc. Your Money or Your Life was a more philosophical book, but it hd a big impact on me. If You Can - only 10 pages, and easy to read. I might lead with that, and ...
by Sandi_k
Thu Jun 21, 2018 1:01 am
Forum: Investing - Help with Personal Investments
Topic: help, inheritance of $3.5M, read & read BogleH, & still in the dark
Replies: 33
Views: 4458

Re: help, inheritance of $3.5M, read & read BogleH, & still in the dark

I am currently selling recently inherited real estate worth $3.5M (a collection of homes). My plan is to buy a home for about $1M and Bogle invest the rest (4% annual draw). It's been a bit tough, as I do not have a natural love for investment theory, as you all do, and reading BogleHead threads is...
by Sandi_k
Wed Jun 20, 2018 7:30 pm
Forum: Investing - Theory, News & General
Topic: Retirement spending/ HCOL areas?
Replies: 10
Views: 1919

Re: Retirement spending/ HCOL areas?

We've been fleshing out our Retirement Budget over the past year or so. We have a LOT of fluff, in a HCOL area. Big ticket items: - $30k for mortgage P&I (ends soon after retirement) - $10k for property taxes - $35k for Federal taxes - $8k for California state taxes - $32k for medical premiums & co-...
by Sandi_k
Tue Jun 19, 2018 6:41 pm
Forum: Personal Consumer Issues
Topic: iPad Pro 12.9": Replacement for Laptop?
Replies: 47
Views: 4035

Re: iPad Pro 12.9": Replacement for Laptop?

I have a 2016 MacBook with the retina display. It replaced a work iPad with external Logitech keyboard.

Ultimately, my need to use spreadsheets and do a lot of typing/email made the MacBook the better choice.
by Sandi_k
Tue Jun 19, 2018 1:40 pm
Forum: Investing - Help with Personal Investments
Topic: Financial Literacy...
Replies: 19
Views: 1407

Re: Financial Literacy...

The best "getting started" publication I have seen is William Bernstein's "If You Can."

Free, and only ~ 10 pages.

https://www.etf.com/docs/IfYouCan.pdf
by Sandi_k
Tue Jun 19, 2018 1:17 pm
Forum: Investing - Help with Personal Investments
Topic: Arrangements for spouse to manage investments on death
Replies: 15
Views: 902

Re: Arrangements for spouse to manage investments on death

My instructions to DH:

- Contact employer re: my passing.
- Contact Fidelity about moving everything to Vanguard Wellington or Wellesley (other than cash) depending on age
- Set it and forget it, except for RMDs every January 5th.

Trust is done, wills are done, POAs are done.
by Sandi_k
Sat Jun 16, 2018 12:41 am
Forum: Personal Consumer Issues
Topic: completely free background check website
Replies: 7
Views: 1495

Re: completely free background check website

familytreenow.com was kinda creepy when I checked it out last year...
by Sandi_k
Tue Jun 05, 2018 11:40 pm
Forum: Investing - Theory, News & General
Topic: Don’t cheat yourself with the 4% rule
Replies: 159
Views: 18363

Re: Don’t cheat yourself with the 4% rule

The other point infrequently cited is that the Trinity Study *assumed you'd be paying an advisor 1% of AUM.* Actually, the Trinity Study seems to not assume any costs. Citing the study "The study did not adjust for taxes or transaction costs. An investor’s own experience would differ depending on h...
by Sandi_k
Tue Jun 05, 2018 4:56 pm
Forum: Investing - Theory, News & General
Topic: Don’t cheat yourself with the 4% rule
Replies: 159
Views: 18363

Re: Don’t cheat yourself with the 4% rule

The other point infrequently cited is that the Trinity Study *assumed you'd be paying an advisor 1% of AUM.*

If you're in index funds with ERs of .50 or less, you could conceivably use a target of 4.5%. An ER average of .10? Then a withdrawal target of 4.9%.
by Sandi_k
Mon Jun 04, 2018 1:43 pm
Forum: Personal Finance (Not Investing)
Topic: Roommate in a house?
Replies: 32
Views: 2979

Re: Roommate in a house?

We went through this ourselves - when we first had a house, DH and I rented out a room to his cousin. Since we had no interest in claiming depreciation, figuring out what percentage of the house he used (common vs. private spaces) we simply claimed the rental income paid as "miscellaneous income," ...
by Sandi_k
Sun Jun 03, 2018 12:56 pm
Forum: Personal Finance (Not Investing)
Topic: Best Advice You Never Took
Replies: 100
Views: 13676

Re: Best Advice You Never Took

I didn't follow the "standard" PF advice to pay off all debt before investing. It was clear to me that my tax-deferred options disappeared each year, and compounding was powerful. So instead of focusing ONLY on paying off debt, I split the funds - half to debt payoff, half to retirement savings. As ...
by Sandi_k
Sat Jun 02, 2018 6:13 pm
Forum: Personal Consumer Issues
Topic: Is our monthly Personal money out of line?
Replies: 74
Views: 7591

Re: Is our monthly Personal money out of line?

We have in the regular budget:

- Tools and household purchases
- Gas
- Haircuts
- Mani/pedis

We have a similar income, and use ~ 2% in cash each month - for lunches at work, occasional purchases, drinks with co-workers. Frankly, $1200+ per month seems crazy high to me for frittering.
by Sandi_k
Sat Jun 02, 2018 12:31 pm
Forum: Personal Finance (Not Investing)
Topic: 125K Spend - Would you do this ?
Replies: 53
Views: 5159

Re: 125K Spend - Would you do this ?

As someone who also suffers from chronic pain that messes with my sleep, several things have helped. - A better mattress. We had one made, where we could each pick the firmness we preferred for our side. Mine has more latex, DH has more gel. For a queen, cost was ~ $1,000. - A better set of pillows ...
by Sandi_k
Sat Jun 02, 2018 12:15 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 1934
Views: 349524

Re: What are you up YTD? [Year To Date]

2018 YTD: 3.02%

Portfolio AA: 68% US Index funds, 15% Int'l Index funds, 17% TIPS and cash
by Sandi_k
Sat Jun 02, 2018 11:10 am
Forum: Personal Finance (Not Investing)
Topic: Gift tax exclusion - gifting to multiple people who then gift to one person?
Replies: 19
Views: 1892

Re: Gift tax exclusion - gifting to multiple people who then gift to one person?

Why wouldn't you just fill out the form? Neither of you has to pay taxes on the gift.

Unless you plan on leaving more than $11M from your estate when you pass, no taxes would be due at any time. So why not gift $150k and fill out a form?
by Sandi_k
Sat Jun 02, 2018 10:59 am
Forum: Personal Finance (Not Investing)
Topic: How do you repay back a 401k loan
Replies: 21
Views: 1839

Re: How do you repay back a 401k loan

Why can't you make a claim on your homeowners' insurance policy?
by Sandi_k
Fri Jun 01, 2018 12:13 am
Forum: Personal Consumer Issues
Topic: Book Recommendation Wanted
Replies: 15
Views: 1280

Re: Book Recommendation Wanted

Another book, though old, certainly applies here - Silas Marnas, a miser so consumed with the hoarding of gold coins until a young child enters his life. Your brother as you describe could be the reincarnation of Silas. I believe that's Silas Marner a character in the book The Weaver of Raveloe, by...
by Sandi_k
Fri Jun 01, 2018 12:00 am
Forum: Personal Finance (Not Investing)
Topic: Roommate in a house?
Replies: 32
Views: 2979

Re: Roommate in a house?

I don't understand all the talk about claiming rental income and depreciation and all of that. I don't think the OP qualifies as a renter as defined by the IRS. I thought there were different rules when you are in a spouse like relationship vs. a roommate relationship. If the OP was truly a roommat...
by Sandi_k
Thu May 31, 2018 6:15 pm
Forum: Investing - Help with Personal Investments
Topic: Creative Planning vs Vanguard PAS
Replies: 94
Views: 6052

Re: Creative Planning vs Vanguard PAS

Planning at your age should take into account two possibilities — cognitive decline on your part and that you may die before your wife, leaving her to deal with whatever you put into place. Yes, this is a very valid point and is a significant advantage of Creative Planning's "home office" team. My ...
by Sandi_k
Thu May 31, 2018 5:55 pm
Forum: Investing - Help with Personal Investments
Topic: 15% rate of return in last 15 years can I expect the same in next 16 years
Replies: 39
Views: 4137

Re: 15% rate of return in last 15 years can I expect the same in next 16 years

I assume nominal returns of 4.5% and inflation of 2.5% going forward. So a 2% real return.

I'd love to be under-estimating real returns, but sequence of return risk is unknowable - so under-estimating real returns is a sort of proxy for SoR risks in my planning long-term.
by Sandi_k
Thu May 31, 2018 5:06 pm
Forum: Personal Finance (Not Investing)
Topic: Roommate in a house?
Replies: 32
Views: 2979

Re: Roommate in a house?

She still gets all deductions - the interest deduction, and the property tax deduction. You get no deductions. She *should* claim any cash you pay her as rent on her tax forms for the year. We went through this ourselves - when we first had a house, DH and I rented out a room to his cousin. Since we...
by Sandi_k
Wed May 30, 2018 6:01 pm
Forum: Personal Finance (Not Investing)
Topic: Do you have a monthly household budget?
Replies: 63
Views: 4112

Re: Do you have a monthly household budget?

Random question, but when you calculate your savings, would you include the company 401k match? For instance my company matches 6% of my salary+bonus for 401k. It works out to roughly $16k per year. When calculating my savings rate, would you include that $16 or skip it? I'm trying to come up with ...
by Sandi_k
Tue May 29, 2018 11:47 pm
Forum: Investing - Help with Personal Investments
Topic: When and how often do you rebalance
Replies: 52
Views: 3953

Re: When and how often do you rebalance

I rebalance once a year. It's done at some time within the first couple of weeks of January, when I have a chance to assess my end-of-year returns, and decide on any changes to Asset Allocation, or transferring cash into my "pre-SS" bucket. I do track our account balances monthly, just to see where ...
by Sandi_k
Tue May 29, 2018 10:23 pm
Forum: Personal Consumer Issues
Topic: Lawyer instead of buyer's real estate agent? Experience anyone?
Replies: 54
Views: 5100

Re: Lawyer instead of buyer's real estate agent. Experience anyone?

How in the world is this knowable, or enforceable? Stopping at an Open House without a representative is not against the law, and there's no legal requirement that I'm aware of for you to sign their "attendance" log... Any good agent will ask who you're working with (unless there are lots of folks ...
by Sandi_k
Tue May 29, 2018 12:46 pm
Forum: Personal Finance (Not Investing)
Topic: Do you have a monthly household budget?
Replies: 63
Views: 4112

Re: Do you have a monthly household budget?

We have a written budget, and we have a savings/investment budget. Occasionally, we over-save, and have to compensate by reversing a savings account transfer. I always budgeted as a singleton, because I found it reassuring to see a path forward for debt reduction and retirement savings. DH is the op...
by Sandi_k
Tue May 29, 2018 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: Financial plan review for a widowed mother
Replies: 18
Views: 1859

Re: Financial plan review for a widowed mother

My mom is 81, and with limited assets. Some steps we've taken: - Made sure that her SS benefits are maximized. - Moved from having her taxes done (and paid for) by someone else - Worked to maintain her home - less big "gotchas" with maintenance - Bought her a home warranty for her appliances - paid ...
by Sandi_k
Tue May 29, 2018 12:20 pm
Forum: Personal Consumer Issues
Topic: Lawyer instead of buyer's real estate agent? Experience anyone?
Replies: 54
Views: 5100

Re: Lawyer instead of buyer's real estate agent. Experience anyone?

I am glad it worked out for you. I am curious, how did you find this house without a realtor? Specifically, did you see the house before making a bid? I ask because there are rules around that (which vary by state I believe). You generally cannot go see a house saying you have no agent and then sho...
by Sandi_k
Mon May 28, 2018 4:26 pm
Forum: Personal Finance (Not Investing)
Topic: changing job -- retirement account help please
Replies: 25
Views: 1531

Re: changing job -- retirement account help please

IIWY, this would be my plan: 1) Keep the funds in your current 401(k) until Jan. 1, 2019. You want a -0- balance IRA on Dec. 31, 2018. 2) Max out the 401(k) now, to make sure you've reduced your taxable income to the max for the year. 3) Then the new Roth 401(k) question is moot for 2018, since you'...
by Sandi_k
Mon May 28, 2018 3:13 pm
Forum: Personal Consumer Issues
Topic: What have you baked recently?
Replies: 136
Views: 12258

Re: What have you baked recently?

I made a strawberry layered cake/torte. Used Barefoot Contessa's Strawberry Country Cake recipe: https://www.foodnetwork.com/recipes/ina-garten/strawberry-country-cake-recipe-1912918?sf88578486=1 The cake had a high proportion sugar to flour - it rose nicely, so I used one layer, sliced horizontally...
by Sandi_k
Fri May 25, 2018 2:24 pm
Forum: Investing - Help with Personal Investments
Topic: Do I need to reduce monthly debt payments? Auto + House
Replies: 10
Views: 1295

Re: Do I need to reduce monthly debt payments? Auto + House

The former "platinum" borrower standards were:

- PITI should be a ratio of 28% (or less) of your gross income
- All combined debt payments (including auto loans and PITI) should be 34% (or less).

If you're within that range, you should be fine.
by Sandi_k
Tue May 22, 2018 5:50 pm
Forum: Personal Finance (Not Investing)
Topic: At what point do I focus more on mid-term rather than long-term?
Replies: 5
Views: 895

Re: At what point do I focus more on mid-term rather than long-term?

It doesn't have to be all or nothing, long-term vs. medium-term. In your shoes, I'd keep retirement savings at 15% of gross income, via 401(k) or 403(b). Compounding can never be replaced. I would then start setting aside an additional 10% for shorter-term savings. Note that that could be "housed" v...
by Sandi_k
Tue May 22, 2018 12:59 pm
Forum: Investing - Help with Personal Investments
Topic: Need Your Advice - Thank You
Replies: 11
Views: 972

Re: Need Your Advice - Thank You

You're focused on low cost, and then trying to compare advisory services for high fees on the margins. My advice, if in person matters to you, is to look at Fidelity or Schwab. Both have very low-fee funds, and have brick-and-mortar retail storefronts as well. I have educational accounts at Schwab, ...
by Sandi_k
Tue May 22, 2018 12:51 pm
Forum: Investing - Help with Personal Investments
Topic: Another help-me-help-my-mother post
Replies: 22
Views: 2351

Re: Another help-me-help-my-mother post

I would make sure to revoke HIS account trading authority and POA immediately.
by Sandi_k
Tue May 22, 2018 12:47 pm
Forum: Investing - Help with Personal Investments
Topic: Difficulty with Parents-In-Law
Replies: 25
Views: 1535

Re: Difficulty with Parents-In-Law

None of your business. You don't inherit their debts, they're legal adults, and pay their own bills.

Why would your father encourage you to snoop in your in-laws' financials? Unbelievably inappropriate, IMO!
by Sandi_k
Tue May 22, 2018 1:04 am
Forum: Investing - Help with Personal Investments
Topic: Pension and Sociai Security Impact on 4% Rule
Replies: 20
Views: 2577

Re: Pension and Sociai Security Impact on 4% Rule

The way I think of this is that the 4% rule is a nice general rule and for those that are retiring early not conservative enough of a rule. So I could count in what I think I will get in SS and pensions and then go with a lower withdrawal rate. But what is the right withdrawal rate that is not too ...
by Sandi_k
Wed May 16, 2018 7:45 pm
Forum: Investing - Theory, News & General
Topic: Why do so many people quote "You will likely be in a lower tax bracket in retirement"
Replies: 550
Views: 35704

Re: Why do so many people quote "You will likely be in a lower tax bracket in retirement"

It is individually dependent. - Some make too much to contribute to a Roth, except via the backdoor sidestep. - Some don't have 401(k) Roths available at all. - Some of us do have pensions - that may very well, when combined with investment withdrawals, kick us into the same (or higher!) tax bracket...
by Sandi_k
Wed May 16, 2018 5:01 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Communities w Great Weather and Low/No State Taxes?
Replies: 12
Views: 1879

Re: Retirement Communities w Great Weather and Low/No State Taxes?

Texas Hill country - near Austin, but not *in* Austin. ;)
by Sandi_k
Wed May 16, 2018 5:00 pm
Forum: Personal Consumer Issues
Topic: Lexus RX 350, Audi Q5, or Volvo XC 60 (update)
Replies: 121
Views: 9300

Re: Lexus RX 350, Audi Q5, or Volvo XC 60

For those saying the Lexus is a snooze-fest - note that I said I ordered mine with a Sport Suspension. Also now enshrined in the F-Sport models, *and* in the hybrid RX450 - which has VDIM as a standard feature. I agree that the platform can exhibit noticeable body roll in corners - the stiffer sport...
by Sandi_k
Wed May 16, 2018 12:42 am
Forum: Personal Consumer Issues
Topic: Lexus RX 350, Audi Q5, or Volvo XC 60 (update)
Replies: 121
Views: 9300

Re: Lexus RX 350, Audi Q5, or Volvo XC 60

If you want decent mileage, look at either the NX300h or the RX450 in the Lexus lineup. As the owner of an RX350, and one who has 220k miles on my 2010 - I average 21-22 mpg in real world driving. When I replace it, I hope to move to a hybrid model, and the abovementioned cars are on my list. Also ...
by Sandi_k
Tue May 15, 2018 5:53 pm
Forum: Personal Consumer Issues
Topic: Lexus RX 350, Audi Q5, or Volvo XC 60 (update)
Replies: 121
Views: 9300

Re: Lexus RX 350, Audi Q5, or Volvo XC 60

If you want decent mileage, look at either the NX300h or the RX450 in the Lexus lineup. As the owner of an RX350, and one who has 220k miles on my 2010 - I average 21-22 mpg in real world driving. When I replace it, I hope to move to a hybrid model, and the abovementioned cars are on my list. Also -...
by Sandi_k
Sat May 12, 2018 1:52 pm
Forum: Personal Finance (Not Investing)
Topic: Advice on building a timeless mens wardrobe?
Replies: 68
Views: 5525

Re: Advice on building a timeless mens wardrobe?

One additional note: Every woman I know is a fan of a *good*, well-proportioned, nicely fitting button-down *white* shirt. Not a business shirt, but a "casual" button down white shirt - Robert Graham is a current hot brand, if a bit expensive and a bit...flashy for my tastes. They're cut a bit long ...
by Sandi_k
Sat May 12, 2018 1:47 pm
Forum: Personal Finance (Not Investing)
Topic: Advice on building a timeless mens wardrobe?
Replies: 68
Views: 5525

Re: Advice on building a timeless mens wardrobe?

Polo’s. You can wear them to work, or at a bbq God, no. The collars curl quickly, and the knit clings to every extra ounce. They scream "I shop at Sears, and can't be bothered to find something flattering and snazzy." If OP is on the dating scene, do not slide into the laziness of Polos. IMO, of co...
by Sandi_k
Sat May 12, 2018 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: Using 403(b) 457(b) for Roth Conversions ?
Replies: 13
Views: 1030

Re: Using 403(b) 457(b) for Roth Conversions ?

You should read up on the Pro Rata rule....
by Sandi_k
Mon May 07, 2018 11:28 pm
Forum: Personal Consumer Issues
Topic: How much car to buy on $250K income, $200K NW, newborn on the way
Replies: 78
Views: 6414

Re: How much car to buy on $250K income, $200K NW, newborn on the way

$25-30k... ~10% of income for car works well. Gotta give yourself room to trade up in 10 years so you are at the $40-45k range there instead of starting there now :) 10% of gross income is a very conservative rule of thumb. I think payments, no more than 10% of annual take-home pay, with a 4 year t...