Bogleheads.org

RenoJay

We are very glad that one particular person DID purchase umbrella coverage. WE would have been destitute at that point in our lives, and/or our child would not have had the care that was, in fact, provided. (And there might NOT have been as good a recovery.) What bills did you have that wouldn't ha...

RenoJay

Just out of curiosity, after reading this thread last night I decided to see what it would cost to double my umbrella from $5 MM to $10 MM. My premium for $5 MM is around $1,100/year. I only found one carrier who would do $10 MM (GEICO) and their quote was around $3,400/year. I was dumbfounded and t...

RenoJay

My unexpected cost of my wife staying home is that when the kids are at school she seems to always discover some product on the Internet that we just need to have.

RenoJay

Just use specific ID and sell the shares that were automatically reinvested. If they have a loss, that's tax-loss harvesting :) If they have a gain, that's better than they would've done in your checking or mm account. Livesoft: This is an interesting tip, although if I've previously chosen a diffe...

RenoJay

Putting them into an MM fund doesn't change the tax due (except for the a small amt of CG distributions on those CG distributions next year. Yes, I'm aware of that but the goal is to lessen my equity exposure so I hate the fact that this was automatically reinvested into a fund in which I'd rather ...

RenoJay

Early this year I decided I no longer wanted any automatic reinvestment of capital gains or dividends in my taxable accounts. I went through the Vanguard screens and thought I had checked all the correct boxes to have these pay outs put into a money market fund. Lo and behold...I just discovered an ...

RenoJay

When I left work at the end of 2003 I never imagined that I would have a higher value portfolio and net worth ten years on...especially after some of the market's antics over that period. You just never know how the chips will fall. Enjoy it while you can. That's remarkable given the timing. Any ch...

RenoJay

I'm thinking of retiring sometime between 45 - 50. A few sites I've enjoyed that are dedicated to this topic are:

http://www.early-retirement.org/

http://www.caniretireyet.com/

RenoJay

For me, I was 85% in equities when the market tanked in 2008/2009. I stayed the course, but it ate me up inside. I had a ton of anxiety. So I realized that was way too high an allocation to equities. Eventually I figured out that 50/50 is right for me, and I waited until the market had made a nice r...

RenoJay

Is it possible to sell the underwater home and simply eat the loss yourself so it's out of your hair? I've had situations where I needed to make a tough choice of either sticking with something I hated or taking a big loss and moving on with my life. I chose the latter, and within a month or two I r...

RenoJay

Don't do it. I upgraded to a 4,000+ sq foot home and I regret it. In addition to buying at the wrong time and watching the value plummet, the utility bills are very high, it takes forever to walk from A to B in the house, and the yard maintenance gives me palpitations since something is always going...

RenoJay

For a large, one-time event like yours it's worth paying a good California-based accountant for an hour of advice. Congrats on the windfall, by the way!

RenoJay

I put in about $60k each into my kids' 529s, and the rest into UTMA accounts with the intent of that money being used for college. At this point in their young lives, I feel it's way too early to know if they'll go Ivy League, state school, community college or into the trades and also whether they'...

RenoJay

Buying a big house. It's a money pit.

RenoJay

What form was the inheritance? If you inherited IRAs, there are some strict rules about how those need to be titled to avoid big tax penalties. While I think paying an "advisor" .6% - 1.2% is totally unnecessary, I would pay a good CPA $200/hour to advise you on titling all these assets so...

RenoJay

What is this like the fifth time this "news" has been posted over the past few weeks? I'm kind of offended that there seems to be an expectation that no one can open their mouths unless they've thoroughly searched every thread ever posted. I visit this site daily. I had not seen any repor...

RenoJay

I have started four businesses and I now sell businesses for others. I can't tell you the number of corporate people I've seen who have lost a big chunk of their lifesavings either buying or starting a business. I went this route because I simply could not work for others. Fortunately I was successf...

RenoJay

This morning I found this article about private money lending on marketwatch.com: http://www.marketwatch.com/story/bank-wont-give-you-a-home-loan-ask-hank-2013-11-11 By the time an article like this comes out, I figure the asset class has maybe two more good years before it totally devolves into the...

RenoJay

I've never owned a BMW, but have owned numerous Acuras. Overall Acura is nice, but my most recent model (a 2012 MDX) feels "cheap" in some ways, although the handling, turning, and cool electronic features are pretty nice.

RenoJay

Many of us own Ally CD's in large part because of the 60 day interest penalty for early withdrawals, which is a relatively mild penalty. For CD's opened on 12/7/13 or later, the new penalties will be: 90 days' interest on 3 year CD 120 days' interest on 4 year CD 150 days interest on 5 year CD It's ...

RenoJay

Why would someone want to undertake this level of complexity for what is essentially I geographically undiversified portfolio of loans. And, provide a cut to a middle man at the same time. What is the anticipate rate of return that one is looking at with this investment and is it high enough to com...

RenoJay

Ok...understand on the pool manager risk. So, if I was to do on my own, and being I don't live in a very large area (thus not many opportunities), would you recommend a service like the below to find potential loans? http://www.loanmls.com Or just stay away from this if you can't actually visit the...

RenoJay

Appreciate the input from both of you. As I said earlier, I would not recommend the pool route. I'm wondering if you would give some detailed reasoning why you wouldn't recommend the pool route. I did just look thru the thread and didn't see any mention of pools. My reasoning on going the pool rout...

RenoJay

Appreciate the input from both of you. As I said earlier, I would not recommend the pool route. I'm wondering if you would give some detailed reasoning why you wouldn't recommend the pool route. I did just look thru the thread and didn't see any mention of pools. My reasoning on going the pool rout...

RenoJay

I was a big fan of Mint.com until last week. After two years of meticulously tracking my spending in Mint, somehow their system duplicated one of my credit card accounts and started double-counting those charges. I deleted just the duplicate account, and when I logged in a few days later my entire b...

RenoJay

Hi: Check out Vanguard REIT Index tax distributions - Bogleheads for historical data. regards, Thanks, Barry. So if I'm reading the chart correctly, it appears the current dividend is quite low compared with history, and that the "return of capital" has to do with depreciating the real es...

RenoJay

Can anyone show me to find the historical yield by year for the Vanguard REIT fund? Also, I was reading the Vanguard site and it appears the yield includes a "return of capital"? What's that about? Finally, are there any metrics to determine if this fund is relatively cheap or relatively e...

RenoJay

Make sure they're not automatically reinvesting dividends. If they are, ending that practice will help rebalance things over time a little bit. I'm in a similar position where most of what I own is in taxable and there are some big gains. Fortunately I tax loss harvested at the very bottom, so I sti...

RenoJay

How will the survey account for investments that are not equities or REITs, but also not the traditional fixed income? (Such as P2P lending, rental properties, and other non traditional investments?)

RenoJay

One more thought: You say that in Sam A's world, $600k of his investable portfolio is tied up to cover "housing costs", but it's the same for Sam B. He's also spending $1,500/month on housing for insurance, fees, etc. which in no way makes him richer. So he has just as much of the investab...

RenoJay

It's an interesting hypothetical. In my world, non income-producing, illiquid assets don't count in the "portfolio" category and therefore are not counted in the calculation of SWR. Overall, I'd suggest that Sam A. (the renter) is in better condition because his $2 million portfolio is lik...

RenoJay

I think it's a question of which family members you're talking about. If it's your own generation or older, it's kind of preachy, but with your children (or the children of your siblings if they're not getting good advice) I see it as an obligation to teach them financial literacy.

RenoJay

Grew up middle class. Graduated college at 22 and bounced around something like four commission sales job. I don't recall what I was earning, but I think it was maybe $18k/year or so on average. (I do recall that I qualified for the "universal lifeline" subsidy so I could have a home phone...

RenoJay

Jack, just wanted to say what an honor it is to hear your voice this forum.

RenoJay

I've had really good luck with Aspen at Bank of Kansas City. (It doesn't matter what state you live in.) She handled 4 refis for me during the rapidly falling rate period of the past few years, and each time she got the job done and offered the best overall deal. Also, she's a pleasure to work with....

RenoJay

4100 sq ft and I regret it. I wish we had about 2,800.

RenoJay

On another forum I heard that a Boglehead had put together some sort of variable withdrawal calculator. Does anyone know about this and could you please provide a link? thanks. I think this is what you're looking for: Variable Percentage Withdrawal A very fine piece of work, in my opinion. Skip to ...

RenoJay

On another forum I heard that a Boglehead had put together some sort of variable withdrawal calculator. Does anyone know about this and could you please provide a link? thanks.

RenoJay

I think you have a good heart. If I were in your shoes, I'd only give money with lots of strings attached. For instance, I'd require my sister to track all her expenses through Mint.com, pay herself first, etc. as conditions of getting some money, and even then I'd dole it out monthly (not all at on...

RenoJay

Congratulations on having your head on straight at 25 and not craving mansions or Ferraris. Life experiences, in my opinion, are massively more valuable. While I agree that you should be extremely cautious of paid financial advisors, I do think you should find a smart CPA and estate-planning attorne...

RenoJay

Sounds like her broker was chasing yield and letting the tax tail wag the dog. I strongly suggest she diversify her muni holdings.

RenoJay

http://www.sepiracalculator.com/ You will need your net profit and be sure to check the right box (sole propriete/corporation). If you also have W2 wages and SS withholding the answer will be slightly different. Wow, this calculator is giving a result totally different from what my CPA always led m...

RenoJay

You may want to check out early-retirement.org. (I suspect you're retiring early as opposed to planning to live to be 115.) The folks there usually recommend the firecalc.com calculator. In general, the consensus there seems to be that 3% is pretty safe and you can always adjust for a few years if t...

RenoJay

If the issue is the obsessing, and not the number, I think the best thing you can do is go ahead and retire. My parents went through the same sort of obsession, but after a year or two of retirement, they were able to relax and really start enjoying it.

RenoJay

My "number" seems to keep moving every time I come close to, or surpass, what I had previously thought was my number.

RenoJay

I think the speaker's thesis has to be true because there's upbeat, fun music playing in the background.

RenoJay

Bob,

Thanks so much. This was very helpful advice.

RenoJay

I was just checking out the website for esplanner. Has anyone used it, and does the cost justify itself compared with all the free retirement planning calculators out there?

RenoJay

The main page looks normal, but the log in page where it asks for my password shows only the text and no graphics. I'm using the same Chrome browser I always use. Just want to make sure this isn't some sort of phishing scam.

RenoJay

I strongly advise you to get a pre-nup. Your assumption may be right or may be wrong, but a few things to consider: 1. You have to be very careful not to intermingle assets lest they become community property. 2. The conversation about a pre-nup is quite awkward when you first bring it up, but it se...

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