Search found 20841 matches

by willthrill81
Thu Oct 22, 2020 7:13 pm
Forum: Personal Finance (Not Investing)
Topic: Payoff rental mortgages?
Replies: 46
Views: 2441

Re: Payoff rental mortgages?

OP. The 1% rule, or whatever it's called, says you should get at least 1% of the market value of your property per month in rent. This is 12% per year return before expenses come out. It looks like you are getting about half of that or about .50% which is only 6% per year and that's before expenses...
by willthrill81
Thu Oct 22, 2020 6:04 pm
Forum: Personal Finance (Not Investing)
Topic: Payoff rental mortgages?
Replies: 46
Views: 2441

Re: Payoff rental mortgages?

$1500 (monthly) Value 280K Gross rent per year = $18000 We can keep $5000 for property taxes/insurance/maintenance Net rent of $13000 per year gives a return of 4.6%. Isn't the return better than bonds with favorable tax treatment as bonus? I agree that there is maintenance headache with rentals bu...
by willthrill81
Thu Oct 22, 2020 5:58 pm
Forum: Investing - Theory, News & General
Topic: Small amount left in Vanguard rollover IRA; How to transfer it?
Replies: 6
Views: 380

Re: Small amount left in Vanguard rollover IRA; How to transfer it?

jebmke wrote: Thu Oct 22, 2020 2:27 pm You can do another custodian transfer (cash to cash) or do an indirect (withdraw the money from VG then put it into your Fidelity IRA within the 60 day time window.
M1 won't do a transfer for under $1k, but I might go the indirect route. Thanks for the suggestion.
by willthrill81
Thu Oct 22, 2020 5:57 pm
Forum: Investing - Theory, News & General
Topic: Small amount left in Vanguard rollover IRA; How to transfer it?
Replies: 6
Views: 380

Re: Small amount left in Vanguard rollover IRA; How to transfer it?

Is the cash in your Vanguard account from recent dividends or interest? When I did a transfer of my IRA balance from Vanguard to Fidelity, about 2-3 weeks later Vanguard automatically sent a 2nd transfer of the dividends that posted after the initial transfer. No, it wasn't quite enough cash to buy...
by willthrill81
Thu Oct 22, 2020 5:56 pm
Forum: Investing - Theory, News & General
Topic: Did the 4% rule just become the 5% rule? :)
Replies: 131
Views: 13019

Re: Did the 4% rule just become the 5% rule? :)

I suspect that quality corp. bonds would be slightly better than treasuries. Historically, investment-grade corporate bonds have had very similar returns to a 20/80 allocation (TSM and intermediate-term Treasuries) but with greater volatility. You basically haven't gotten anything good with them th...
by willthrill81
Thu Oct 22, 2020 1:46 pm
Forum: Investing - Theory, News & General
Topic: Did the 4% rule just become the 5% rule? :)
Replies: 131
Views: 13019

Re: Did the 4% rule just become the 5% rule? :)

I mean, part of the point of Safe Withdrawal Rate is that it is safe. Maybe you don't want a 97% confidence that you will not run out of money. 100% historic success definitely feels good, but we shouldn't assume that that means 100% success in the future, nor should we assume that our specific ret...
by willthrill81
Thu Oct 22, 2020 1:04 pm
Forum: Personal Finance (Not Investing)
Topic: Payoff rental mortgages?
Replies: 46
Views: 2441

Re: Payoff rental mortgages?

The monthly rental rates are way too low as compared to the values of the properties. Sell both. Not sure I understand your reasoning. 1st one was me 110K and second 81K. I have never put a penny of my owe money into them. The One Percent Rule. It applies to current value, not initial purchase pric...
by willthrill81
Thu Oct 22, 2020 12:56 pm
Forum: Investing - Theory, News & General
Topic: Did the 4% rule just become the 5% rule? :)
Replies: 131
Views: 13019

Re: Did the 4% rule just become the 5% rule? :)

I suspect that quality corp. bonds would be slightly better than treasuries. Historically, investment-grade corporate bonds have had very similar returns to a 20/80 allocation (TSM and intermediate-term Treasuries) but with greater volatility. You basically haven't gotten anything good with them th...
by willthrill81
Thu Oct 22, 2020 12:38 pm
Forum: Investing - Theory, News & General
Topic: Did the 4% rule just become the 5% rule? :)
Replies: 131
Views: 13019

Re: Did the 4% rule just become the 5% rule? :)

MathWizard wrote: Thu Oct 22, 2020 12:37 pm I remember Bengen's article recommended WR of 4.5%

I thought that the 4% rule came from the Trinity Study.
No, Bengen was the first to 'discover' the '4% rule'. The Trinity study cam later.

Bengen subsequently adjusted it to 4.5% if the portfolio had a small cap tilt.
by willthrill81
Thu Oct 22, 2020 12:25 pm
Forum: Investing - Theory, News & General
Topic: Small amount left in Vanguard rollover IRA; How to transfer it?
Replies: 6
Views: 380

Re: Small amount left in Vanguard rollover IRA; How to transfer it?

Is the cash in your Vanguard account from recent dividends or interest? When I did a transfer of my IRA balance from Vanguard to Fidelity, about 2-3 weeks later Vanguard automatically sent a 2nd transfer of the dividends that posted after the initial transfer. No, it wasn't quite enough cash to buy...
by willthrill81
Thu Oct 22, 2020 12:22 pm
Forum: Investing - Theory, News & General
Topic: Did the 4% rule just become the 5% rule? :)
Replies: 131
Views: 13019

Re: Changes to 4% rule for retirees?

I get Bengen's argument about inflation being the big but silent killer of SWRs, but sequence of returns risk has historically been even an even bigger threat, and that hasn't gone away at all.

I wouldn't recommend that a retiree planning on a 30 year retirement start withdrawing more than 4%.
by willthrill81
Thu Oct 22, 2020 12:08 pm
Forum: Investing - Theory, News & General
Topic: Small amount left in Vanguard rollover IRA; How to transfer it?
Replies: 6
Views: 380

Small amount left in Vanguard rollover IRA; How to transfer it?

I recently transferred a rollover IRA from Vanguard to M1 Finance. They transferred all of the invested funds but left a little over $200 in cash in the Vanguard rollover IRA. I tried to transfer these funds to M1 Finance this morning, but they won't do transfers that are less than $1,000. I would c...
by willthrill81
Thu Oct 22, 2020 12:02 pm
Forum: Personal Consumer Issues
Topic: water softener (southern california) - worth it ?
Replies: 22
Views: 1232

Re: water softener (southern california) - worth it ?

krishk24 wrote: Thu Oct 22, 2020 11:24 am I received the TDS water meter that I ordered from Amazon.
Our tap water clocked in at 428 ppm. So what was reported earlier by the water softener company is true.
That is extremely hard water. You would absolutely benefit from a softener.
by willthrill81
Thu Oct 22, 2020 11:58 am
Forum: Personal Investments
Topic: Living on investment
Replies: 19
Views: 2365

Re: Living on investment

And, of course, in this case, the OP will get other income (SS), so it makes it even easier. Even with completely ignoring the OP's real estate holdings, if he delays SS to age 70, he'll only need to withdraw about $50k annually to cover his remaining expenses, which only $1.25 million could very s...
by willthrill81
Thu Oct 22, 2020 11:55 am
Forum: Personal Investments
Topic: Financial moves to make while not working?
Replies: 2
Views: 366

Re: Financial moves to make while not working?

VartAndelay wrote: Thu Oct 22, 2020 11:52 am I might not work (and thus receive no income) for all of 2021. Are there any financial/investment related things I could do during this year to maximize any advantages that might be related to having 0 income?
Roth conversions and tax-gain harvesting come to mind.
by willthrill81
Thu Oct 22, 2020 10:57 am
Forum: Personal Consumer Issues
Topic: water softener (southern california) - worth it ?
Replies: 22
Views: 1232

Re: water softener (southern california) - worth it ?

I live just north of San Diego in OC. Have thought about a water softener and RO system but know little about them. Also not the handy type to self install. Where should I look to buy and install? A water purification service company? Plumber? What should I be looking for in a system? I highly reco...
by willthrill81
Thu Oct 22, 2020 10:54 am
Forum: Personal Consumer Issues
Topic: Floor tile grout appears stained. Is it a plumber issue or a cleaning issue?
Replies: 20
Views: 2374

Re: Floor tile grout appears stained. Is it a plumber issue or a cleaning issue?

OP here. Here's the update. Grout was cleaned and we stopped using the toilet. Detected no water around base when toilet wasn't being used. There was no condensation on tank or related. The grout obviously looked much better after cleaning, however mysteriously the grout stains - some of them - com...
by willthrill81
Thu Oct 22, 2020 10:52 am
Forum: Personal Consumer Issues
Topic: Help me plan a family trip to Italy - Two Weeks
Replies: 67
Views: 3718

Re: Help me plan a family trip to Italy - Two Weeks

Be sure to take very comfortable shoes. Be prepared to walk at least five miles every day and, if needed, get in physical shape to do so now.
by willthrill81
Thu Oct 22, 2020 10:50 am
Forum: Personal Consumer Issues
Topic: New kid on the way, should we get a new minivan? or else?
Replies: 58
Views: 2741

Re: New kid on the way, should we get a new minivan? or else?

I don't have a strong opinion on the minivan vs. SUV issue. There are pros and cons to both. I'd probably lean toward the minivan as they are often less expensive for the space provided than a comparable SUV. But the SUV is better for towing things like travel trailers and such if the OP thinks that...
by willthrill81
Thu Oct 22, 2020 10:44 am
Forum: Personal Investments
Topic: How do you estimate retirement expenses?
Replies: 67
Views: 4640

Re: How do you estimate retirement expenses?

Our retirement expenses will largely be the same as our current expenses with two exceptions. First, we'll have to either get health insurance or participate in a health share ministry (assuming the current 'system' is still in place then) to carry us for the first ~13 years of retirement (i.e. unti...
by willthrill81
Thu Oct 22, 2020 10:34 am
Forum: Personal Investments
Topic: Should We Ever Save for Children's College?
Replies: 467
Views: 29995

Re: Should We Ever Save for Children's College?

:oops: I agree with a lot of your posts, but once you have an idea in your head, you absolutely refuse to admit it may not always be right. Same train of thought regarding your "rules" of buying a home. Making a generalization like "529s are useless for those with income <$200k" is pointless becaus...
by willthrill81
Thu Oct 22, 2020 10:26 am
Forum: Personal Consumer Issues
Topic: Ideal City to live in?
Replies: 160
Views: 11312

Re: Ideal City to live in?

Sounds like Boulder, CO might be a good match. I dunno. OP said, "No Snow!" and Boulder had its snowiest winter season on record 2019-2020. Also, we got 8" of wet heavy snow on Sep 8 which may be shocking to the mentally unprepared. Here close to Spokane, WA, we typically get no more than 1-2' feet...
by willthrill81
Thu Oct 22, 2020 10:06 am
Forum: Personal Investments
Topic: Living on investment
Replies: 19
Views: 2365

Re: Living on investment

I apologize if this has been covered but I have question on living in retirement off of investments. I am 60 yo and want to retire. I have 3.4 million in 60/40 index funds 1/2 in qualified plans. I also have 1 million in commercial real estate and rent now is iffy with Covid so not counting on that...
by willthrill81
Thu Oct 22, 2020 9:59 am
Forum: Personal Finance (Not Investing)
Topic: LT care premiums are going way up; should I self-insure?
Replies: 35
Views: 3588

Re: LT care premiums are going way up; should I self-insure?

Yes, this is anecdotal... There's data supporting it. This chart https://1.bp.blogspot.com/_g6b7lckX2zE/THX7D3XuBpI/AAAAAAAABVI/fk7-z20ukqo/s1600/Screen+shot+2010-08-25+at+10.25.58+PM.png is said to be taken from this journal article. The long tail is evident. This is no normal distribution, it mig...
by willthrill81
Wed Oct 21, 2020 9:03 pm
Forum: Personal Consumer Issues
Topic: water softener (southern california) - worth it ?
Replies: 22
Views: 1232

Re: water softener (southern california) - worth it ?

Thanks everyone. I ordered a water purity tester at Amazon and will test out the ppm levels myself and report to this thread. https://www.amazon.com/gp/product/B073713G5F/ref=ppx_yo_dt_b_asin_title_o00_s00?ie=UTF8&psc=1 Now is a salt based system better for San Diego than say non-salt based system ...
by willthrill81
Wed Oct 21, 2020 8:47 pm
Forum: Investing - Theory, News & General
Topic: How The Creator Of The 4 Percent Rule Applied It For His Clients And His Own Retirement
Replies: 59
Views: 7533

Re: How The Creator Of The 4 Percent Rule Applied It For His Clients And His Own Retirement

The hardest part of my plan is if one of us dies early in retirement, it has a major impact on SS and taxes. Income goes down and taxes go up. The 'surviving spouse being thrust into a higher tax bracket due to RMDs' problem is, IMHO, potentially one of the biggest disadvantages to tax-deferred acc...
by willthrill81
Wed Oct 21, 2020 7:13 pm
Forum: Personal Consumer Issues
Topic: Ideal City to live in?
Replies: 160
Views: 11312

Re: Ideal City to live in?

How warm? Are you thinking Scottsdale warm? San Antonio warm? Or just not Minneapolis? If it's flexible, you could come join us in the PNW with everyone else from the Bay area :) We live on the Washington side of the Portland area. Great schools, great airport, hardly any mosquitos, outdoor lifesty...
by willthrill81
Wed Oct 21, 2020 7:11 pm
Forum: Personal Consumer Issues
Topic: Ideal City to live in?
Replies: 160
Views: 11312

Re: Ideal City to live in?

mrmass wrote: Wed Oct 21, 2020 12:26 pm Sounds like a unicorn. I'd say someplace up in the Sea-Tac area, or Portland. Maybe Austin TX. No bugs means no SC, NC, or Boston.
Property crime in the Sea-Tac area is among the highest in the nation. Also, real estate prices there are insane.
by willthrill81
Wed Oct 21, 2020 9:39 am
Forum: Investing - Theory, News & General
Topic: Seriously, what is going on with international?
Replies: 216
Views: 19697

Re: Seriously, what is going on with international?

This makes me wonder if the market is truely efficient. People here tell me that I'm crazy for being invested 60% in US stocks lol. Despite just aiming for a market cap weighted portfolio. They totally ignore how great the returns were and still are. Even Eugene Fama, arguably the most vocal academ...
by willthrill81
Tue Oct 20, 2020 9:57 pm
Forum: Investing - Theory, News & General
Topic: Does Dry Powder Work? - The White Coat Investor
Replies: 89
Views: 10943

Re: Does Dry Powder Work? - The White Coat Investor

JonnyDVM wrote: Tue Oct 20, 2020 9:53 pm Having some powder sitting around enables one to aggressively pounce on a good opportunity when presented with it.
If you're talking about business opportunities, you may be right. If you're talking about buying stocks, the data we have so far indicate that it doesn't work.
by willthrill81
Tue Oct 20, 2020 9:56 pm
Forum: Personal Finance (Not Investing)
Topic: LTC Coverage
Replies: 17
Views: 1035

Re: LTC Coverage

Can LTC providers just raise rates anytime they want on existing policies? Doesn’t quite seem fair. On old policies, basically yes. I believe that most states now regulate the premium increases on newer policies. That doesn't mean that they can't go up because they sometimes do, but they have to de...
by willthrill81
Tue Oct 20, 2020 9:37 pm
Forum: Investing - Theory, News & General
Topic: Seriously, what is going on with international?
Replies: 216
Views: 19697

Re: Seriously, what is going on with international?

abuss368 wrote: Tue Oct 20, 2020 9:24 pm
000 wrote: Tue Oct 20, 2020 5:08 pm
visualguy wrote: Tue Oct 20, 2020 1:41 am Right, the ex-US part of the 3-fund portfolio didn't come from Bogle. He was against it.
And the guy who invented the 3-fund portfolio no longer has any ex-US!
Taylor? If so I believe this was an RMD related matter with an IRA.
If Taylor really wanted ex-U.S. stock, he would own it.
by willthrill81
Tue Oct 20, 2020 9:36 pm
Forum: Investing - Theory, News & General
Topic: If you have a sizable portfolio, you don't need an emergency fund
Replies: 261
Views: 24239

Re: If you have a sizable portfolio, you don't need an emergency fund

I just came across this thread, and it makes sense to me. I'm even more glad now that we no longer have an EF. :D
by willthrill81
Tue Oct 20, 2020 8:48 pm
Forum: Personal Finance (Not Investing)
Topic: LTC Coverage
Replies: 17
Views: 1035

Re: LTC Coverage

$58k of annual benefit won't cover all the costs of a nursing home, but it should at least mostly cover everything else. With an unlimited lifetime benefit, I'd definitely keep that policy.
by willthrill81
Tue Oct 20, 2020 8:30 pm
Forum: Personal Consumer Issues
Topic: Favorite Science Fiction Movies
Replies: 142
Views: 6506

Re: Favorite Science Fiction Movies

Case59 wrote: Sun Oct 11, 2020 7:31 pm 5. Arrival (very under-appreciated, IMO)
I was very surprised at how much I enjoyed that one.
by willthrill81
Tue Oct 20, 2020 7:16 pm
Forum: Personal Investments
Topic: Should We Ever Save for Children's College?
Replies: 467
Views: 29995

Re: Should We Ever Save for Children's College?

If their kids get into a top "full need/no loans" school, they will end up saving $20,000 over 4 years for every $100,000 they save in a retirement account instead of a 529. That's per kid. For those keeping track of zeroes, that's $400,000 if they save $1,000,000. Is there some universe where peop...
by willthrill81
Tue Oct 20, 2020 6:04 pm
Forum: Personal Finance (Not Investing)
Topic: What are the financial risks of not owning a house?
Replies: 98
Views: 8966

Re: What are the financial risks of not owning a house?

mbasherp wrote: Thu Oct 15, 2020 3:43 pm I’ll say it again: imputed rent is tax free.
And it's adjusted for inflation. Not counting property appreciation, we're getting about a 4% real return on our home equity via imputed rent. That's very respectable these days.
by willthrill81
Tue Oct 20, 2020 5:57 pm
Forum: Personal Investments
Topic: Should We Ever Save for Children's College?
Replies: 467
Views: 29995

Re: Should We Ever Save for Children's College?

The key lesson here is to make sure you save enough for retirement before worrying about 529s. The OP's household is saving $4500/year in a 457. They need to get their retirement house in order first before worrying about 529s. The OP has a vested pension benefit of 50-60 percent final pay. No need...
by willthrill81
Tue Oct 20, 2020 5:56 pm
Forum: Personal Investments
Topic: Should We Ever Save for Children's College?
Replies: 467
Views: 29995

Re: Should We Ever Save for Children's College?

I can’t think of anything more important than taking care of your children. Ensuring they have access to a quality education is part of that. It's more important that you don't burden your children with caring for you financially during your retirement. If needed, they can get a loan for college, b...
by willthrill81
Tue Oct 20, 2020 2:50 pm
Forum: Personal Investments
Topic: Should We Ever Save for Children's College?
Replies: 467
Views: 29995

Re: Should We Ever Save for Children's College?

I can’t think of anything more important than taking care of your children. Ensuring they have access to a quality education is part of that. It's more important that you don't burden your children with caring for you financially during your retirement. If needed, they can get a loan for college, b...
by willthrill81
Tue Oct 20, 2020 2:49 pm
Forum: Personal Investments
Topic: Should We Ever Save for Children's College?
Replies: 467
Views: 29995

Re: Should We Ever Save for Children's College?

Boglehead wisdom seems to suggest that we max out all of our tax-favored accounts before contributing any money to our 529 plans. Following that advice, we would need to invest approximately $69,000.00/year before saving any toward our children's college (We are currently two months away from payin...
by willthrill81
Tue Oct 20, 2020 11:15 am
Forum: Investing - Theory, News & General
Topic: Does Dry Powder Work? - The White Coat Investor
Replies: 89
Views: 10943

Re: Does Dry Powder Work? - The White Coat Investor

Cash could helpful if, in the case of a crash, bonds decide :) to not do what you expect them to do. Many consider their bonds to be 'dry powder'. And bonds aren't guaranteed to do what one thinks they will do. This was evidenced back in the spring, when many who were scratching their heads when TB...
by willthrill81
Tue Oct 20, 2020 11:10 am
Forum: Personal Consumer Issues
Topic: water softener (southern california) - worth it ?
Replies: 22
Views: 1232

Re: water softener (southern california) - worth it ?

450 ppm is very hard. Softening that would definitely help. I highly recommend that you contact Ohio Pure Water company. They came highly recommended to me, and I bought a water softener system from them a couple of months ago, installed it myself with relative ease, and it's worked perfectly so fa...
by willthrill81
Mon Oct 19, 2020 9:10 pm
Forum: Personal Finance (Not Investing)
Topic: LT care premiums are going way up; should I self-insure?
Replies: 35
Views: 3588

Re: LT care premiums are going way up; should I self-insure?

$1,116 for $532k of LTC coverage is a steal. I normally come down on the side of self-insuring, but that's a great premium for such a policy. That said, you keep saying "I" and say nothing about a spouse or SO. If you're single, then you have more than enough assets to pay for virtually any LTC even...
by willthrill81
Mon Oct 19, 2020 8:48 pm
Forum: Investing - Theory, News & General
Topic: Does Dry Powder Work? - The White Coat Investor
Replies: 89
Views: 10943

Re: Does Dry Powder Work? - The White Coat Investor

columbia wrote: Mon Oct 19, 2020 8:40 pm Cash could helpful if, in the case of a crash, bonds decide :) to not do what you expect them to do.
Many consider their bonds to be 'dry powder'.
by willthrill81
Mon Oct 19, 2020 8:42 pm
Forum: Personal Consumer Issues
Topic: water softener (southern california) - worth it ?
Replies: 22
Views: 1232

Re: water softener (southern california) - worth it ?

Granted, we are AZ where labor is cheaper, but we paid closer to $600 for ours. Surely that didn't include paying someone else to install it. From what I've seen, installation costs are at least that much, let alone the cost of the softener. Just pulled the receipt. $686.88 for install and softener...
by willthrill81
Mon Oct 19, 2020 7:53 pm
Forum: Investing - Theory, News & General
Topic: Has the growing trend of blindly buying index funds caused market inefficiency?
Replies: 44
Views: 4433

Re: Has the growing trend of blindly buying index funds caused market inefficiency?

This argument is so tiresome. It seems that a new thread putting it forward comes around at least once a month. If index investing did cause greater inefficiency in the market, then active traders should be pushing hard for other people to buy index funds so the active traders can take advantage of ...
by willthrill81
Mon Oct 19, 2020 7:48 pm
Forum: Personal Consumer Issues
Topic: water softener (southern california) - worth it ?
Replies: 22
Views: 1232

Re: water softener (southern california) - worth it ?

Granted, we are AZ where labor is cheaper, but we paid closer to $600 for ours. Surely that didn't include paying someone else to install it. From what I've seen, installation costs are at least that much, let alone the cost of the softener. DIY installation of water softeners is pretty easy as lon...
by willthrill81
Mon Oct 19, 2020 7:45 pm
Forum: Personal Consumer Issues
Topic: water softener (southern california) - worth it ?
Replies: 22
Views: 1232

Re: water softener (southern california) - worth it ?

450 ppm is very hard. Softening that would definitely help. I highly recommend that you contact Ohio Pure Water company. They came highly recommended to me, and I bought a water softener system from them a couple of months ago, installed it myself with relative ease, and it's worked perfectly so far...
by willthrill81
Mon Oct 19, 2020 5:49 pm
Forum: Investing - Theory, News & General
Topic: Does Dry Powder Work? - The White Coat Investor
Replies: 89
Views: 10943

Re: Does Dry Powder Work? - The White Coat Investor

I'm not arguing for dry powder — I agree that it's a form of market timing and so bears a strong burden of proof for any results it might give. But this demo strategy doesn't make any sense to me as a way of testing whether or not dry powder works. The argument for dry powder is that you get a chan...