Search found 255 matches

by BlackStrat
Sat Dec 10, 2016 6:45 pm
Forum: Investing - Help with Personal Investments
Topic: Long-Term Gains and taxes (early retirement strategy)
Replies: 16
Views: 2421

Re: Long-Term Gains and taxes (early retirement strategy)

If the growth is mostly from dividend reinvestment, then your capital gains may a good deal less than you might be guessing they are. Do you know what your cost basis is for your various lots? JW yeah - I finally went through and calculated (to the best of my knowledge) my cost basis for all the sh...
by BlackStrat
Sat Dec 10, 2016 11:12 am
Forum: Investing - Help with Personal Investments
Topic: Long-Term Gains and taxes (early retirement strategy)
Replies: 16
Views: 2421

Re: Long-Term Gains and taxes (early retirement strategy)

I do have a rainy-day (cash) fund which could be used in tandem with the strategy above to avoid taxes (keeping me at a low bracket) and get me through living expenses for a few early retirement years before I begin my actual withdrawal strategy. yes - I'll end the dividend reinvestment (although I'...
by BlackStrat
Sat Dec 10, 2016 9:51 am
Forum: Investing - Help with Personal Investments
Topic: Long-Term Gains and taxes (early retirement strategy)
Replies: 16
Views: 2421

Long-Term Gains and taxes (early retirement strategy)

I'm attempting to develop an early-retirement strategy and get my hands around what my tax situation would look like in the first couple of years. I have about 18% of my investable portfolio in after-tax individual stocks (approx. 15% in a single one from a long-term company stock purchase program, ...
by BlackStrat
Wed Dec 07, 2016 7:35 am
Forum: Investing - Help with Personal Investments
Topic: (When) should I move from individual stocks to VTSAX?
Replies: 14
Views: 1913

Re: (When) should I move from individual stocks to VTSAX?

If you regularly donate to charity - direct that money instead to VTSAX and donate the same portion of shares to your charity to get the full-value write-off without the tax ramifications; this could be a multi-year strategy until you've rebalanced to index funds.
by BlackStrat
Tue Dec 06, 2016 9:09 pm
Forum: Investing - Help with Personal Investments
Topic: American Funds: You can beat the Index
Replies: 23
Views: 4102

Re: American Funds: You can beat the Index

Average performance against the market (via an index) is not a bad thing. It's consistent and most likely you're beating 85% of investors who use active management in a given year.

Investing is one area where being 'average' is probably "better-than-average" over the long haul.
by BlackStrat
Tue Dec 06, 2016 1:46 pm
Forum: Local Chapters and Bogleheads Community
Topic: livesoft is almost at 50,000 posts...
Replies: 62
Views: 7348

Re: livesoft is almost at 50,000 posts...

my first exposure to Livesoft was one of his snarky, annoying and destined-to-be-DOB'd-by-the-moderator posts.

I liked him immediately! :D
by BlackStrat
Tue Nov 22, 2016 3:40 pm
Forum: Investing - Help with Personal Investments
Topic: Thinking of retiring
Replies: 22
Views: 4246

Re: Thinking of retiring

after reading this, I'm now thinking of NOT retiring!
by BlackStrat
Fri Nov 18, 2016 12:17 pm
Forum: Personal Finance (Not Investing)
Topic: Cannot get myself to spend my savings
Replies: 75
Views: 10636

Re: Cannot get myself to spend my savings

We have a guy at church who anonymously (I'm one of the few to know) gives money to families in need. You wouldn't believe how much a $200 'gift' means to a struggling family and how far it can go with someone who is not used to having much.
by BlackStrat
Thu Nov 17, 2016 9:18 am
Forum: Investing - Theory, News & General
Topic: "Stealth Wealth: I’m Just an Ordinary Average Guy"
Replies: 333
Views: 70221

Re: "Stealth Wealth: I’m Just an Ordinary Average Guy"

Years ago I worked for a guy who thought I was an incorrigible tightwad. One day he said to me, "You make $90,000 a year, and you drive a COROLLA, for God's sake!!" It just didn't make any sense to him. a new Corolla goes for what...$20k? So more than 1/4th of one years net income is not enough acc...
by BlackStrat
Mon Nov 14, 2016 4:31 pm
Forum: Investing - Theory, News & General
Topic: "Comedians' best lines of financial wisdom"
Replies: 20
Views: 4473

Re: "Comedians' best lines of financial wisdom"

I'm paraphrasing one I liked from someone in an earlier thread: "A bull market is like sex - it feels best right before it ends'
by BlackStrat
Sat Nov 12, 2016 2:39 pm
Forum: Investing - Theory, News & General
Topic: "Stay the Course in the Next Bad Market?"
Replies: 32
Views: 7162

Re: "Stay the Course in the Next Bad Market?"

I remarked at work yesterday how the Dow just hit an all-time high. A coworker mentioned that it may be time to get back into the market If that was not so sad, it would be funny. I can picture you quietly shaking your head from side to side in disbelief. 8-) Yeah - and I responded 'Buy high and se...
by BlackStrat
Sat Nov 12, 2016 7:41 am
Forum: Investing - Theory, News & General
Topic: "Stay the Course in the Next Bad Market?"
Replies: 32
Views: 7162

Re: "Stay the Course in the Next Bad Market?"

I remarked at work yesterday how the Dow just hit an all-time high. A coworker mentioned that it may be time to get back into the market. This is after hearing about the fiasco with his risky Puerto Rico Municipal Bonds for the last 6 months.
by BlackStrat
Tue Nov 01, 2016 4:09 pm
Forum: Investing - Help with Personal Investments
Topic: First Time maxing 401k
Replies: 17
Views: 2181

Re: First Time maxing 401k

Good for you!

I did the same thing early in my career (which was a sacrifice) and I'm sure happy for it 25 (quick) years later. Now you need to start developing an after-tax investment plan!
by BlackStrat
Thu Oct 27, 2016 8:13 am
Forum: Personal Finance (Not Investing)
Topic: I need career and financial advice
Replies: 36
Views: 3071

Re: I need career and financial advice

$50k for a licensed architect? That doesn't seem right at all.

Have you considered striking out on your own or with a partner?
by BlackStrat
Mon Oct 24, 2016 8:36 am
Forum: Investing - Help with Personal Investments
Topic: Your opinion on mentors
Replies: 12
Views: 1580

Re: Your opinion on mentors

There are a lot of mentors on this site who will be cheaper (free) and will collectively have your best interests in mind.
by BlackStrat
Mon Oct 17, 2016 8:33 am
Forum: Personal Finance (Not Investing)
Topic: Getting out of my baby work shower
Replies: 22
Views: 3258

Re: Getting out of my baby work shower

Just tell them the truth; that your testosterone level is simply way too high to allow you to enjoy such an event.
by BlackStrat
Thu Sep 22, 2016 7:12 am
Forum: Personal Finance (Not Investing)
Topic: Big 4 Partners - Salary/Risk Worth it?
Replies: 21
Views: 10953

Re: Big 4 Partners - Salary/Risk Worth it?

I read an article the other day speaking of H1B visa holders now moving into the accounting field in the US (much like tech workers already have). Like already mentioned, I would guess worldwide travel would be an even more prevalent requirement to manage offshore resources.
by BlackStrat
Thu Sep 22, 2016 7:05 am
Forum: Investing - Theory, News & General
Topic: Ric Edelman thinks a Financial Planner is needed to buy Term Insurance
Replies: 9
Views: 1722

Re: Ric Edelman thinks a Financial Planner is needed to buy Term Insurance

I also find his radio show interesting and have to thank him for getting me to start paying real attention to my finances and retirement options years ago. Luckily I continued to attempt to educate myself and came across the BogleHead books/approach to investing and can now listen to his show from a...
by BlackStrat
Tue Sep 20, 2016 3:33 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone accidentally tell a friend about your inheritance?
Replies: 83
Views: 12254

Re: Anyone accidentally tell a friend about your inheritance?

so if you move into a high-end apartment with this friend and then blow through all the inheritance living the high life, will he still be your friend when you land back among the mere mortals?
by BlackStrat
Sat Sep 17, 2016 8:01 am
Forum: Personal Finance (Not Investing)
Topic: Lending money to son
Replies: 21
Views: 2735

Re: Lending money to son

I think a conversation now is in order and totally reasonable. Another thing to consider is that many times on this board it's mentioned that physicians aren't the best with money management and investments. Perhaps a discussion with him on the Boglehead way and introduce him to the white coat inves...
by BlackStrat
Fri Sep 02, 2016 7:25 am
Forum: Personal Finance (Not Investing)
Topic: Self-made Millionaires: how did hitting 7 figures change you?
Replies: 304
Views: 52532

Re: Self-made Millionaires: how did hitting 7 figures change you?

Congrats to Surferlife and thank you for your service! Looking forward to hearing about your second million in a handful of years!
by BlackStrat
Tue Aug 30, 2016 3:22 pm
Forum: Personal Finance (Not Investing)
Topic: Elder care expenses
Replies: 15
Views: 2072

Re: Elder care expenses

not much to add except to reinforce the idea of buying a larger home with an in-law suite. However you've restored my faith in humanity; it used to be where the elderly stayed with their family and died in the family home. Not always with a painfree ending (for anyone involved) but there's something...
by BlackStrat
Mon Aug 29, 2016 2:02 pm
Forum: Personal Finance (Not Investing)
Topic: Fear and Trembling (Aug. 31st is my last day at work)
Replies: 77
Views: 11803

Re: Fear and Trembling (Aug. 31st is my last day at work)

Now if only I could perfect that string bend/vibrato .... practice it daily - just a few minutes is all that's needed at a time. Practice 1/2 step, whole step, and 1 1/2 step bends and work on mimicking a good vocalist; no vibrato at first and then a subtle one which increases in both the bend and ...
by BlackStrat
Fri Aug 26, 2016 7:37 am
Forum: Personal Finance (Not Investing)
Topic: Hiring a Family Law / Divorce Attorney
Replies: 6
Views: 952

Re: Hiring a Family Law / Divorce Attorney

Have you considered a mediator first?

It could be much cleaner, cheaper, and civil.
by BlackStrat
Fri Aug 26, 2016 7:35 am
Forum: Investing - Theory, News & General
Topic: Timing the Stock Market...lol
Replies: 25
Views: 3401

Re: Timing the Stock Market...lol

One of the candidates mentioned dropping corporate taxes pretty substantially so I would imagine that would be good for the market.

Of course you can't necessarily trust the promises from either side and it's not the bogle way to hedge your bets based on these possibilities.
by BlackStrat
Fri Aug 26, 2016 7:07 am
Forum: Investing - Help with Personal Investments
Topic: My 3 fund plan 5 years later
Replies: 8
Views: 1742

Re: My 3 fund plan 5 years later

Nothing like hindsight. Take a look at the best-performing individual stock of the last 5 years. You should've bought that! The thing to remember is things could've been worse - instead you may have invested in individual stocks which tanked, or trusted an advisor who loaded you with 20 funds and al...
by BlackStrat
Sat Aug 20, 2016 9:17 am
Forum: Personal Finance (Not Investing)
Topic: Is Stock Market embarassing Wall street?
Replies: 3
Views: 1417

Re: Is Stock Market embarassing Wall street?

I love it!

How are these guys still in business?

I guess there will always be someone who needs handholding or to follow the latest guru, but I believe people are catching on and becoming content with the market average.
by BlackStrat
Sat Aug 20, 2016 9:10 am
Forum: Personal Finance (Not Investing)
Topic: Can I afford a new car?
Replies: 69
Views: 7138

Re: Can I afford a new car?

I've got 195k miles on my 1998 4Runner; the last vehicle I will have bought new. I'm going to keep it as long as possible and probably give it to me son as I buy a used (4runner?) vehicle.

105k on a Honda is just breaking it in!!
by BlackStrat
Sat Aug 20, 2016 8:41 am
Forum: Investing - Help with Personal Investments
Topic: Is it possible to retire
Replies: 8
Views: 1759

Re: Is it possible to retire

Welcome to the forum. Take a look at the 'Trinity Study' which gives you an idea of a sustainable safe-withdrawal-rate(SWR) over the course of different timeframes. It's not gospel but it's a start for figuring out where you stand versus where you want to be. For instance, a 70-30 (stock-bond) alloc...
by BlackStrat
Thu Aug 18, 2016 12:56 pm
Forum: Investing - Theory, News & General
Topic: Is there a such thing as a blue collar Boglehead?
Replies: 251
Views: 37976

Re: Is there a such thing as a blue collar Boglehead?

I'm a blue-collar (at heart) Boglehead trapped in a white-collar job standing on the shoulders of my immigrant, blue-collar parents who imparted more wisdom about LBYM, not keeping up with the Joneses, and not buying things you can't afford. They had sensible advice and a simple, humble lifestyle bu...
by BlackStrat
Thu Aug 11, 2016 9:41 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Second Wife
Replies: 41
Views: 3389

Re: Social Security Second Wife

I'm a little confused. I take from this that if someone is divorced (and not remarried) and either spouse dies, the other (ex) can claim survivor benefits on the deceased spouse as long as they had been married for 10+ years. What happens if someone is married only a couple of years and one spouse d...
by BlackStrat
Wed Aug 10, 2016 9:18 am
Forum: Investing - Help with Personal Investments
Topic: More Noise For The Faint Hearted!
Replies: 15
Views: 2701

Re: More Noise For The Faint Hearted!

2 headlines from Marketwatch this morning:

"Why Marc Faber is calling for an ugly stock-market crash--again"

"The Dow at 20,000 in a year is now the consensus forecast"
by BlackStrat
Tue Aug 02, 2016 7:51 am
Forum: Investing - Help with Personal Investments
Topic: Retiring in 6 months ...Why should I pay $13,500/year to a Financial Advisor?
Replies: 43
Views: 6292

Re: Retiring in 6 months ...Why should I pay $13,500/year to a Financial Advisor?

miles monroe wrote:Charging for advice based on a percentage of assets is one of the biggest scams in the industry. Hourly rate is the only way to go.
Well said! It's amazing that a FA can set up the exact same portfolio for a $1M portfolio as a $10M portfolio and yet charge 10 times the fee.
by BlackStrat
Fri Jul 29, 2016 8:34 am
Forum: Investing - Help with Personal Investments
Topic: Thank you
Replies: 8
Views: 1592

Re: Thank you

well wait a minute! If everyone used the 'search' function and didn't post the same questions over and over again* - we wouldn't have a forum!

:)

* - guilty
by BlackStrat
Wed Jul 20, 2016 3:34 pm
Forum: Investing - Help with Personal Investments
Topic: Little update
Replies: 12
Views: 1466

Re: Little update

When I got to $1000 the number mysteriously became $5000... Yeah.. $5000. Got to $5000 - turned to $10,000. $10,000 -> $50,000 $50,000 -> $100,000. $100,000 -> $250,000, then $500,000, then $1,000,000.... The joy of having $1,000,000 lasted about a day.... I agree totally with this, but when you ha...
by BlackStrat
Tue Jul 19, 2016 1:35 pm
Forum: Personal Finance (Not Investing)
Topic: I created dependency, now what?
Replies: 50
Views: 6901

Re: I created dependency, now what?

I would think you've done a good deed for the parents (with their health issues) in being able to raise their children appropriately, but may create a generational dependency much like our current welfare system which offers the young sustenance but no hope for the satisfaction of developing and mai...
by BlackStrat
Fri Jul 01, 2016 4:16 pm
Forum: Personal Finance (Not Investing)
Topic: Where were you financially when you were at 30?
Replies: 226
Views: 33087

Re: Where were you financially when you were at 30?

When I was 30 I had just quit a job that had a so-called 'pension'. I was there 8+ years and they paid me off the current value ($2,500) which I rolled into my next jobs 401k. I had a couple of small IRA's and didn't own a house. A couple of decades later things are looking much better. Remember - t...
by BlackStrat
Thu Jun 30, 2016 2:09 pm
Forum: Personal Finance (Not Investing)
Topic: Do we have enough to retire?
Replies: 87
Views: 8042

Re: Do we have enough to retire?

"20k in charitable donations"

While not a huge percentage of your income, still a very large number of which you give unselfishly.

Kudos to you for that .
by BlackStrat
Tue Jun 28, 2016 11:59 am
Forum: Personal Finance (Not Investing)
Topic: Loans to Friends
Replies: 73
Views: 4959

Re: Loans to Friends

I had a sibling ask for a loan to start a business (didn't even know what kind of business) one time for an amount in six figures comparable to my net worth then . I said I believe loans ruin relationships and anyway I couldn't afford it financially. Our relationship didn't stay the same and I am s...
by BlackStrat
Mon Jun 27, 2016 3:17 pm
Forum: Personal Finance (Not Investing)
Topic: Will - Remarried with Troubled Kids
Replies: 37
Views: 5689

Re: Will - Remarried with Troubled Kids

No expertise on wills but I would think in this case a Trust would be worth looking into so you can protect your husbands' sons from themselves. Incremental inheritance may be a good plan in this case so that you can also leave something for the grandkids. I wouldn't jump the gun either though - you...
by BlackStrat
Mon Jun 27, 2016 1:56 pm
Forum: Personal Finance (Not Investing)
Topic: Loans to Friends
Replies: 73
Views: 4959

Re: Loans to Friends

I think a good response (if you feel you need one) would be "$60k??? Are you kidding me?!?! No...do YOU have $60k YOU can loan ME"?!?! I think a good excuse (if you feel you need one) would be, "I'd have to pay capital gains on some short-term investments and wouldn't feel right charging you the int...
by BlackStrat
Wed Jun 08, 2016 11:23 am
Forum: Investing - Theory, News & General
Topic: What are your friends saying about you?
Replies: 127
Views: 15156

Re: What are your friends saying about you?

I think a good response to friends comments is how lonely I'm going to be in retirement when my dear friends can't afford to join me.
by BlackStrat
Wed Jun 08, 2016 10:08 am
Forum: Investing - Theory, News & General
Topic: What are your friends saying about you?
Replies: 127
Views: 15156

Re: What are your friends saying about you?

they're saying "you'd think if he wasn't going to ever replace that bucket of bolts at least he could get a new muffler"!
by BlackStrat
Wed May 25, 2016 11:56 am
Forum: Investing - Help with Personal Investments
Topic: Advice for my daughter
Replies: 39
Views: 3045

Re: Advice for my daughter

A friend at work is currently trying to figure out how to fix a frozen-up A/C unit in his rental property which is 1,000 miles away.

Oh the joys of being a landlord!
by BlackStrat
Sat May 21, 2016 10:54 am
Forum: Investing - Theory, News & General
Topic: Is there a such thing as a blue collar Boglehead?
Replies: 251
Views: 37976

Re: Is there a such thing as a blue collar Boglehead?

I'm standing on the shoulders of my blue-collar, immigrant father who (as my mother always said) "was never afraid of a hard day's work". Considering his monetarily-poor upbringing and relatively lower educational level, how he managed to save and invest all those years is beyond my comprehension. I...
by BlackStrat
Tue May 03, 2016 2:01 pm
Forum: Investing - Theory, News & General
Topic: The 1 website you'd recommend
Replies: 27
Views: 5276

Re: The 1 website you'd recommend

marketwatch - calm, reasonable, unbiased financial commentary without hype, bluster, or fear-mongering.

...not!
by BlackStrat
Tue May 03, 2016 12:34 pm
Forum: Personal Consumer Issues
Topic: Second IRS Final Notice Filing Law Suit Phone Call
Replies: 19
Views: 2800

Re: Second IRS Final Notice Filing Law Suit Phone Call

After warning us about these scans, I actually read where they IRS may soon allow payment-collection calls: When the IRS and law enforcement officials issue warnings about phone scams involving tax collection, they always say the same thing: The IRS will never call you out of the blue to demand paym...
by BlackStrat
Sat Apr 23, 2016 8:37 am
Forum: Investing - Theory, News & General
Topic: Early Retirement and Social Security Benefits Reduction
Replies: 29
Views: 4758

Re: Early Retirement and Social Security Benefits Reduction

Our financial advisor ran two scenarios. SS at 62 or at FRA. By taking SS at 62 our portfolio will be bigger at 95 than if we took SS at FRA. PV of money is worth more than the 8% SS payments increases yearly. Your FA is simply wrong. Everyone else who runs similar the numbers will have FRA winning...
by BlackStrat
Wed Apr 20, 2016 8:58 am
Forum: Investing - Theory, News & General
Topic: Early Retirement and Social Security Benefits Reduction
Replies: 29
Views: 4758

Re: Early Retirement and Social Security Benefits Reduction

whew - thanks for the replies. I had just talked myself into ruining my day!

I'll do some more reading.
by BlackStrat
Wed Apr 20, 2016 8:40 am
Forum: Investing - Theory, News & General
Topic: Early Retirement and Social Security Benefits Reduction
Replies: 29
Views: 4758

Early Retirement and Social Security Benefits Reduction

With the very real possibility of a forced early retirement looming (I work in the tech industry being replaced by H2B Visa holders), it's very sobering to see how Social Security works. If I manage to stay employed for another 2 years (until age 57), I'll have 10 years until 'normal retirement' age...