Search found 1162 matches

by Sandtrap
Mon Apr 03, 2017 10:06 pm
Forum: Personal Finance (Not Investing)
Topic: Switching Jobs for less...Has anyone done this....
Replies: 46
Views: 3603

Re: Switching Jobs for less...Has anyone done this....

Yes.
Too many times.
Some worked out. . . some didn't. :oops:
by Sandtrap
Mon Apr 03, 2017 10:04 pm
Forum: Personal Finance (Not Investing)
Topic: Did you and your spouse have different opinions on retirement income need?
Replies: 31
Views: 2432

Re: Did you and your spouse have different opinions on retirement income need?

. . . . . . As far as different opinions between spouses - a constant source of friction between my wife and myself is 'not having a paycheck' in retirement. Actual paychecks, pension (not eligible for any) checks, and SS (not taking it yet) checks count as paychecks, income from multi-million doll...
by Sandtrap
Mon Apr 03, 2017 9:53 pm
Forum: Personal Consumer Issues
Topic: Dream vacation spots?
Replies: 73
Views: 6776

Re: Dream vacation spots?

Hapuna Beach Resort on the Big Island of Hawaii. 1 great and reasonable priced resort golf, "kamaina rates" are low. 2 awesome crab and prime rib and seafood asian buffet 3 quiet, secluded, yet modern VRBO Makawao on the slopes of Haleakala on the island of Maui, in Hawaii. rolling high mo...
by Sandtrap
Mon Apr 03, 2017 9:45 pm
Forum: Personal Finance (Not Investing)
Topic: Low-earners- What is your profession?
Replies: 262
Views: 23514

Re: Low-earners- What is your profession?

I regularly see mention in these threads of how Americans out earn the citizens of many other countries in the world, with the implication that we should somehow be grateful for that. Bogleheads know income is only one side of the equation. When I stop seeing media reports of how U.S. citizens pay ...
by Sandtrap
Mon Apr 03, 2017 9:41 pm
Forum: Personal Consumer Issues
Topic: Comfortable Vehicle Front Seats
Replies: 90
Views: 14049

Re: Comfortable Vehicle Front Seats

As others have mentioned, I flipped the headrests so they don't tilt forward. (Who designs these things?) Comfortable front seats and driving positions are hard to find. But, at least not as hard as finding comfortable airline seats that are not lst class. It was around 2009 or so that a federal re...
by Sandtrap
Mon Apr 03, 2017 9:32 pm
Forum: Personal Finance (Not Investing)
Topic: Low-earners- What is your profession?
Replies: 262
Views: 23514

Re: Low-earners- What is your profession?

You won't like the answer; 0. Two earner family. 1. Could not afford to buy house, so rent in a cheap place. 2. Could not afford to buy vehicle, so walk or ride bike to jobs. 3. Delay having children, so money goes to investments for many early years. Children go to public schools and before that i...
by Sandtrap
Mon Apr 03, 2017 1:55 pm
Forum: Investing - Help with Personal Investments
Topic: Currently have $700,000 at 26 years old get $100,000 a year
Replies: 80
Views: 10842

Re: Currently have $700,000 at 26 years old get $100,000 a year

Actionable options: First >> 1: Funds in a conservative LMP (liability matching portfolio) focusing on conservative preservation of what you have and a minimal 2-3% annual withdrawal rate for a minimal income stream (frugal). Second>>2: Options: A. Take the ASVAB (even if just for kicks), talk to th...
by Sandtrap
Mon Apr 03, 2017 12:27 pm
Forum: Personal Finance (Not Investing)
Topic: Verbal abuser at work
Replies: 37
Views: 2654

Re: Verbal abuser at work

A bully poisons a workplace. The only way to deal with a bully is by swift and strong action. Your friend and her colleagues need to visit HR. Today. +1 This cure for a bully is to get put into place by a much larger authority. Serious visit to HR with follow-up and decisive action is in order. How...
by Sandtrap
Mon Apr 03, 2017 9:59 am
Forum: Investing - Help with Personal Investments
Topic: Annuities the answer for correctly timing transition to retirement?
Replies: 89
Views: 3849

Re: Annuities the answer for correctly timing transition to retirement?

I know that generally speaking annuities are not well thought of on this board. Voice Of Reason: I'm not sure this statement is correct. It is true that most annuities are poor investments. However, most authorities agree that a low-cost Single Premium Life Income Annuity can be an excellent invest...
by Sandtrap
Mon Apr 03, 2017 9:49 am
Forum: Personal Consumer Issues
Topic: Is Craigslist still the main site to sell stuff locally?
Replies: 51
Views: 4699

Re: Is Craigslist still the main site to sell stuff locally?

IMHO Craigslist has gotten "flakier" over the years since it started and one has to be more careful, both buying and selling. However, it is still a low cost way of selling or buying things with good local exposure. Also good for other things like renting apartments, finding services, etc....
by Sandtrap
Mon Apr 03, 2017 9:44 am
Forum: Investing - Theory, News & General
Topic: Helping explain low cost indexing to friends
Replies: 19
Views: 1387

Re: Helping explain low cost indexing to friends

Actionably: perhaps emailing a link to the "Bogleheads" forum is a simple tangible step to explain low cost indexing to friends without debate, conflict, defensiveness, or judgement. Or the "Startup Kit" from the Bogleheads WIKI. I looked at that 2 weeks ago and was reminded tha...
by Sandtrap
Mon Apr 03, 2017 9:30 am
Forum: Investing - Help with Personal Investments
Topic: Beginner Boglehead, looking for advice
Replies: 8
Views: 1040

Re: Beginner Boglehead, looking for advice

Also suggest reading through the Boglehead forum "book list", as well as links if you have not already.
Welcome :happy
by Sandtrap
Mon Apr 03, 2017 9:18 am
Forum: Investing - Theory, News & General
Topic: Helping explain low cost indexing to friends
Replies: 19
Views: 1387

Re: Helping explain low cost indexing to friends

Actionably: perhaps emailing a link to the "Bogleheads" forum is a simple tangible step to explain low cost indexing others who care to ask. I have found that over the course of 18 holes of golf, most folks would rather explain their own career and choice of investing rather than hear from...
by Sandtrap
Mon Apr 03, 2017 12:12 am
Forum: Personal Finance (Not Investing)
Topic: Low-earners- What is your profession?
Replies: 262
Views: 23514

Re: Low-earners- What is your profession?

This is a pretty humorous thread. Folks making just under $100K calling it "low-income"? Our family makes much less, and we aren't low income. Please change the title. The thread title came from the opposite thread I read earlier, where someone asked about professions making $100k or more...
by Sandtrap
Sun Apr 02, 2017 11:42 am
Forum: Personal Finance (Not Investing)
Topic: Retirement Planning Today Course
Replies: 16
Views: 1288

Re: Retirement Planning Today Course

May be good basic source material for investment finance.
Can't remember, brings to mind that movie with Nicholas Cage, "Straw Men"?

Learn and also, be very very careful.
by Sandtrap
Sun Apr 02, 2017 11:32 am
Forum: Personal Consumer Issues
Topic: What career helped you become wealthy?
Replies: 75
Views: 8557

Re: What career helped you become wealthy?

Of course wealth is relative, but I think most people would agree if you are in the bottom 1% you are poor and in the top 1% you are wealthy. A billionaire saying he isn't wealthy because all his friends have 10s of billions is just silly. I agree that most of the very wealthy that didn't inherit m...
by Sandtrap
Sun Apr 02, 2017 11:17 am
Forum: Investing - Theory, News & General
Topic: Why Buffet likes S&P 500 Index over a TSM Index Fund?
Replies: 45
Views: 5222

Re: Why Buffet likes S&P 500 Index over a TSM Index Fund?

TSM is more diversified. Per "Bogle" emphasis on diversification. . . therefore. . . .?
Perhaps get both?
by Sandtrap
Sun Apr 02, 2017 9:18 am
Forum: Personal Finance (Not Investing)
Topic: Will vs Living Trust
Replies: 44
Views: 3094

Re: Will vs Living Trust

Everything my wife and I own is joint except for individual IRAs and beneficiary should cover that. If one of our kids dies before my wife or myself I would change my documents accordingly. My basic question is a Will sufficient or would BH folks recommend a Living Trust. Sounds like a "will i...
by Sandtrap
Sun Apr 02, 2017 9:10 am
Forum: Personal Consumer Issues
Topic: What career helped you become wealthy?
Replies: 75
Views: 8557

Re: What career helped you become wealthy?

To someone growing up on a farm with rubber boots, jeans, and an old tee shirt for daily wear, "wealth" and even, "career", takes on a different context than others. No matter the "commas" or "figures", each defines "wealth" at a deeply personal lev...
by Sandtrap
Sat Apr 01, 2017 10:50 pm
Forum: Investing - Help with Personal Investments
Topic: Schwab offering .03% ER
Replies: 75
Views: 3040

Re: Schwab offering .03% ER

duplicate
by Sandtrap
Sat Apr 01, 2017 10:30 pm
Forum: Personal Consumer Issues
Topic: What career helped you become wealthy?
Replies: 75
Views: 8557

Re: What career helped you become wealthy?

My definition of "wealthy" is net worth north of 8 figures. (not me) I have associated and been close friends, and relatives, with very high annual income but did not end up "wealthy". OTOH some of then were from low annual incomes and not college or university educated but were...
by Sandtrap
Sat Apr 01, 2017 10:09 pm
Forum: Personal Consumer Issues
Topic: Help me respond to an angry insurance agent!
Replies: 38
Views: 4142

Re: Help me respond to an angry insurance agent!

"Thank you for your help. I keep you in mind and contact you in the future if needed. Until then, Aloha." :D No further response or conversation or dialogue needed nor obligated to after that. Automatic spam folder. Automatic call block on cell. There's no room for emotion, drama, or "...
by Sandtrap
Sat Apr 01, 2017 12:18 pm
Forum: Personal Consumer Issues
Topic: Necessary to repair termite damaged woods?
Replies: 6
Views: 718

Re: Necessary to repair termite damaged woods?

The foremosan subterranean ground termite will devastate a home and should be addressed first. They also can establish secondary locations that are not on the ground as in between layers of plywood on the roof, etc, as long as there is a source of water. I have seen ground termite tubes go all the w...
by Sandtrap
Sat Apr 01, 2017 9:51 am
Forum: Personal Consumer Issues
Topic: What career helped you become wealthy?
Replies: 75
Views: 8557

Re: What career helped you become wealthy?

Hey Bogleheads, Just curious as to some of the more popular professions around the board that have provided healthy sources of income to lead you to wealth? For instance, I'm only 24 and a recent grad but am in IT sales. Does anyone trade/invest for a living? IMHO and limited experience, as an anal...
by Sandtrap
Sat Apr 01, 2017 12:35 am
Forum: Investing - Theory, News & General
Topic: educate me on spending/cost in retirement
Replies: 27
Views: 2164

Re: educate me on spending/cost in retirement

2-3 million at even a 2-3% withdrawal rate over 30 years is not "guaranteed" to last. And, there is no predicting high demand emergency expenses. And definitely no predicting, "Black Swans". Read Bernstein, "Rational Expectations". Swedroe's, "Black Swans". F...
by Sandtrap
Fri Mar 31, 2017 7:54 pm
Forum: Investing - Help with Personal Investments
Topic: New to the Forum-Totally lost in regards to how much $ I need to retire
Replies: 15
Views: 1228

Re: New to the Forum-Totally lost in regards to how much $ I need to retire

Anticipated yearly income/expenses desired during your retirement years = "X" Somewhere between 25X to 50X if retiring at 65 or later. If pension and other income streams, large SS, etc, then more toward 25X. If smaller post retirement anticipated income streams other than pension, 401k, S...
by Sandtrap
Fri Mar 31, 2017 7:25 pm
Forum: Investing - Theory, News & General
Topic: Is Vanguard Portfolio tool accurate?
Replies: 16
Views: 1513

Re: Is Vanguard Portfolio tool accurate?

IMHO read everything on the book list, "Bogleheads Wiki" including Swedroe, Bernstein, etc. Read the WIKI on "portfolio styles", from "3 fund" etc, etc. Then post your financials per forum format and get recommendations from the Boglehead Senior Experts. Feedback back a...
by Sandtrap
Fri Mar 31, 2017 5:45 pm
Forum: Investing - Theory, News & General
Topic: I don't understand how commercial real estate making money
Replies: 41
Views: 3854

Re: I don't understand how commercial real estate making money

Commercial real estate in the early 70's was hot if one had a solid "anchor tenant" (or 2) with a very long lease agreement with them. The smaller tenants would rotate in and out as the economy moved and they prospered or died. Centers with "food courts" or long runs of eating pl...
by Sandtrap
Fri Mar 31, 2017 3:38 pm
Forum: Investing - Theory, News & General
Topic: I don't understand how commercial real estate making money
Replies: 41
Views: 3854

Re: I don't understand how commercial real estate making money

retail is only part of commercial, you should consider multifamily, especially small balance multifamily loan ($2-5M in value, less than 50 units) multifamily is always the least risky and best performing property type within commercial real estate there are certainly benefit of investing in commer...
by Sandtrap
Fri Mar 31, 2017 3:32 pm
Forum: Investing - Theory, News & General
Topic: educate me on spending/cost in retirement
Replies: 27
Views: 2164

Re: educate me on spending/cost in retirement

2-3 million at even a 2-3% withdrawal rate over 30 years is not "guaranteed" to last. And, there is no predicting high demand emergency expenses. And definitely no predicting, "Black Swans". Read Bernstein, "Rational Expectations". Swedroe's, "Black Swans". Fe...
by Sandtrap
Fri Mar 31, 2017 3:22 pm
Forum: Personal Consumer Issues
Topic: What career helped you become wealthy?
Replies: 75
Views: 8557

Re: What career helped you become wealthy?

My definition of "wealthy" is net worth north of 8 figures. (not me) I have associated and been close friends, and relatives, with very high annual income but did not end up "wealthy". OTOH some of then were from low annual incomes and not college or university educated but were ...
by Sandtrap
Fri Mar 31, 2017 3:18 pm
Forum: Personal Finance (Not Investing)
Topic: High Earners - What's Your Profession?
Replies: 594
Views: 81133

Re: High Earners - What's Your Profession?

You may not find "high earners" here who graduated from welding technical trade school with no more than a dollar, and went on to open a chain of muffler shops and is now worth a least high 7-8 figures yet still goes to work every day to work with the crew, and his family (family business)...
by Sandtrap
Fri Mar 31, 2017 12:43 pm
Forum: Personal Consumer Issues
Topic: Someone To Be In Charge of Moving
Replies: 6
Views: 464

Re: Someone To Be In Charge of Moving

Soon I will be moving out of the house where our kids were raised and we lived for 25 years. I'm single now and will be downsizing to an apartment or probably townhouse. The thought of moving/selling/trashing stuff is stressing me out. I'm fairly well off. Meaning I'd like to just pay someone to be...
by Sandtrap
Fri Mar 31, 2017 10:51 am
Forum: Personal Finance (Not Investing)
Topic: When do you plan to die?
Replies: 149
Views: 8708

Re: When do you plan to die?

I used 96 for planning purposes, that's not a prediction. I retired at 66, that 96 years simply represented a 30 year retirement. My father died at age 47, my mother died at age 98, my younger brother died at age 69. We will both be 72 this summer. According to a period life table my life expectanc...
by Sandtrap
Fri Mar 31, 2017 10:42 am
Forum: Personal Consumer Issues
Topic: (Updated Again- Happy Ending) Issue With Contractor. What to do?
Replies: 56
Views: 5480

Re: (Updated Again- Happy Ending) Issue With Contractor. What to do?

Sorry, I must have got caught up with the kids when I was trying to update the post. They came back and hooked the ductwork back in its original spot which meant adding about 5-6 inches back to the wall. It's a shame they didn't do that to begin with, but they fixed it for no cost and added ductwor...
by Sandtrap
Fri Mar 31, 2017 10:32 am
Forum: Investing - Help with Personal Investments
Topic: Sleep well or not ? [Vanguard Intermediate-Term Tax-Exempt]
Replies: 25
Views: 3179

Re: Sleep well or not ? [Vanguard Intermediate-Term Tax-Exempt]

I would be very interested in the fund that has the "higher sleep factor", Vanguard Total Bond . . or. . . Vanguard Intermediate Term . . or Vanguard Intermediate Term Tax-Exempt. :?:
by Sandtrap
Thu Mar 30, 2017 1:51 pm
Forum: Personal Consumer Issues
Topic: Is the secret to getting wealthy...
Replies: 48
Views: 4422

Re: Is the secret to getting wealthy...

Abe wrote:To learn the secret to wealth, read The Richest Man in Babylon. It's relatively simple, but not so easy to do. :beer

+1
Is this on the "Wiki" reading list?
by Sandtrap
Thu Mar 30, 2017 1:49 pm
Forum: Personal Consumer Issues
Topic: Is the secret to getting wealthy...
Replies: 48
Views: 4422

Re: Is the secret to getting wealthy...

There is "achieving" wealth. . . and there is "retaining" wealth. And, the more wealth one has achieved, the more it attracts those who would seperate one from it. IE: fees for "lifetime financial advice", fees for "tax breaks of the wealthy", fees for "s...
by Sandtrap
Thu Mar 30, 2017 11:54 am
Forum: Personal Consumer Issues
Topic: Best take it everywhere camera
Replies: 98
Views: 7995

Re: Best take it everywhere camera

http://www.imaging-resource.com/waterproof-cameras
waterproof cameras review at "imaging resources"
by Sandtrap
Thu Mar 30, 2017 11:46 am
Forum: Investing - Help with Personal Investments
Topic: Advisor fee
Replies: 15
Views: 1745

Re: Advisor fee

Vanguard VPAS = .3
All-In-One Fund, Vanguard. . . no advisor fee.
Does it make sense to pay an advisor to manage managed diversified index funds? Manage the managed funds? YMMV. Depends on needs.
by Sandtrap
Thu Mar 30, 2017 11:45 am
Forum: Personal Consumer Issues
Topic: Keep two cars for one person to drive
Replies: 34
Views: 2460

Re: Keep two cars for one person to drive

In the end of town where I live there are folks with collector car garages. However, per "Boglehead" tradition, DW and I have 1 vehicle each.. . . plus golf cart. . . tractor. . . UTV. . . etc. . etc. . . but they don't count.
by Sandtrap
Thu Mar 30, 2017 11:43 am
Forum: Personal Consumer Issues
Topic: Cheap, User Friendly Printer
Replies: 34
Views: 2859

Re: Cheap, User Friendly Printer

Inexpensive HP B/W laser printer. Cost per page is minimal and far less than inkjets where consumables (ink) end up costing far more than the printer. A laser toner cartridge goes very far. Doesn't clog. Print does not run with highlighters. That's why it is used in offices.
by Sandtrap
Thu Mar 30, 2017 10:17 am
Forum: Personal Consumer Issues
Topic: Do I need an electrician? If so how much would it cost?
Replies: 32
Views: 2262

Re: Do I need an electrician? If so how much would it cost?

Hi all I live in a prewar coop and the bathroom doesn't have an electrical socket. I was wondering if I can get one of those recipticle / light switch combo to have electric for say blowdryer and switch to control the light. (Currenty we only have light switch) Do I need an electrician to do this i...
by Sandtrap
Thu Mar 30, 2017 10:06 am
Forum: Investing - Help with Personal Investments
Topic: Sanity Check, or does it even matter if I'm sane?
Replies: 15
Views: 1153

Re: Sanity Check, or does it even matter if I'm sane?

Careful portfolio planning strategy while being careful to be careful is perhaps the "norm" in "BogleWorld". AFAIK, IMHO, FWIW. . . For myself: LMP with tilt to Bernstein and Swedroe while adjusting for the dreaded inevitable "Black Swans" while keeping everything as si...
by Sandtrap
Thu Mar 30, 2017 9:59 am
Forum: Personal Consumer Issues
Topic: House buying- How to think about property taxes?
Replies: 39
Views: 3219

Re: House buying- How to think about property taxes?

In looking for houses at the same price, say $350,000, property taxes seem to range from $7000 to $11,000 annually in my region of northern New Jersey. Its not really a question of affordability since I can technically "afford" to spend $11,000 a year in taxes, but I balk at such numbers....
by Sandtrap
Wed Mar 29, 2017 9:34 pm
Forum: Investing - Help with Personal Investments
Topic: Emergency & Short Term Cash
Replies: 5
Views: 693

Re: Emergency & Short Term Cash

CD's, lst issue from a bank or institution, or short term securities from Treasury Direct (not TIPS) give you security of principal. Next. Money Market Funds, High Yield checking, savings accounts. Funds do not have security of principal. #2, 3, 4. The more yield pursued, the greater the risk. Look ...
by Sandtrap
Wed Mar 29, 2017 9:25 pm
Forum: Investing - Help with Personal Investments
Topic: About Wellington - VWENX
Replies: 9
Views: 1528

Re: About Wellington - VWENX

Yes. Enough to have 7 figures in it.
For the next 3 decades.
According to the Boglehead Senior Experts, I could do a little better with a 3 fund.
But I could do a whole lot worse with other funds. So, simplicity.
VWENX :D
. . . .
(also Balanced Index Fund) :D
by Sandtrap
Wed Mar 29, 2017 9:23 pm
Forum: Investing - Theory, News & General
Topic: What was your costliest investment mistake?
Replies: 162
Views: 22969

Re: What was your costliest investment mistake?

Not becoming an informed "Boglehead" 4 decades ago when I was making substantial money and spending it on substantial things :shock: :oops:

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