Bogleheads.org

sandramjet

The UK stock market's over 80 per cent real drop 1973 to 1975 was an impressive demonstration of how bad things can get. I'm not at all convinced that I could hold on to equities through an 88% drawdown (I believe that was the max drawdown in the Great Depression). Frankly, I'm really not sure how ...

sandramjet

Perhaps she wants to set up an account like a 529? I had to get my grandchildren's SSN to establish a 529 for them. As for the protection, just ask her to be sure to destroy it when done... In reality, I doubt most people have their SSN number stolen by having it written on a slip of paper in Grandm...

sandramjet

Yes, sorry for the wrong attribution...

I agree that the optimization objective may not be what one might think, and that can certainly lead to unexpected results. As I suggested, this is one of the "dangers" of using optimizers.

sandramjet

I don't think this is really a matter of optimization as much as it is a quirk in how i-ORP works. You have only equities in taxable. Tax-deferred is in tIRA. You also most likely gave i-ORP (or used their defaults) expected returns that are higher for equities than it is for fixed income. i-ORP lo...

sandramjet

IMO this is way to much work for a number that really doesn't mean much. If you are going to include all taxes you paid, did you include all the gas tax you may have paid? Or excise taxes on alcohol purchases (in some areas...), hotel taxes when you traveled, or maybe VAT taxes in some countries, et...

sandramjet

MJC: Do you sell LTC insurance or underwrite it? WOW: I've written a book on the topic. Perhaps I'm dense, but that does not seem like an answer to the question. Any chance you can answer, yes or no, to the questions? Nobody asked if you wrote a book. Why is it so hard to answer questions directly?...

sandramjet

MJC: Do you sell LTC insurance or underwrite it? WOW: I've written a book on the topic. Perhaps I'm dense, but that does not seem like an answer to the question. Any chance you can answer, yes or no, to the questions? Nobody asked if you wrote a book. Why is it so hard to answer questions directly?...

sandramjet

I seem to have entered what I know, where it should go ...... but, it is interesting if I enter $55,000 for expenses my models goes "negative" in 3 years. However, if I enter $50,000 it will last for 40 years ......... somehow that doesn't seem that it could be accurate ? or perhaps I've ...

sandramjet

And I can say, the new law was not kind to me. Not kind to us as well. We got hit with an 80% increase in income taxes despite having about the same income. Considering some of your past posts on paying essentially no taxes on relatively high income, does this mean your taxes went from $1.00 to 1.8...

sandramjet

Bumping in hopes of some input!

sandramjet

My 3 siblings and I may be inheriting from our parent a vacation home that is owned by an LLC. There is no rental income, the house is for personal family use only. The only "income" would be the money we all contribute to cover the expenses (maintenance and taxes, etc). My question is whe...

sandramjet

snackdog wrote: ↑Thu Jan 31, 2019 1:22 pm I have no intention of ever being debt free. I am too happy using other people's money as my own! And just because one retires doesn't mean one needs to stop using money and debt intelligently to preserve and continue to build wealth.

+1

sandramjet

The article has a link to the study https://www.federalreserve.gov/2015-report-economic-well-being-us-households-201605.pdf And I found it interesting in reading the report they found 68 percent of all respondents report that they would be prepared for a three-month financial disruption. which was ...

sandramjet

Of course, age is not the only factor. Wealth, expenses, and general risk tolerance will all matter. My point exactly. The comment was that assuming one has "just about enough to live on". Regardless of age, if you have just enough to live on, you can't "spread the loss" -- and ...

sandramjet

An old person who has just about enough to live on can't take on risk. Seems like this is "mental accounting" with respect to something other than money. What does age have to do with this? Whether you can take risk depends on your financial situation and future situation, not your age.

sandramjet

A couple of notes... 1) yes, the spreadsheet can have a steep learning curve, because it does have lots of options. But I found I learned a lot by trying out things and looking to see what it was doing. So I encourage you to keep trying, and coming back for help if needed, just for the education fac...

sandramjet

And got off the ground really quick on takeoff? I thought it was the 707 that basically went vertical immediately after takeoff??? It seemed that way at the time, but in reality, the current big twins (777, 787) can really climb much faster than these planes. The engines on the twins are powerful e...

sandramjet

I've been trying for 2 hours to get a response from website... it won't let me pay online?? Anyone else having these issues?

sandramjet

I was planning on doing this but if I do, it would push me over the limit for getting the AOTC benefits... I can't justify the impact of giving up that credit.

sandramjet

Heated floors in the shower/bath area. Way better than stepping onto cold floors!

sandramjet

I guess I'm confused about what the point of this is? Why do I care what other people's portfolio returns might be? Portfolio's are uniquely personal, IMHO.

sandramjet

2608.72

sandramjet

Just wondering if you have any thoughts on the best way to model some of the less common tax events... in my case specifically, looking at how to model the impact of the American Opportunity Tax Credit, which provides a credit of up to $2500 if you have appropriate college expenses of $4000 or more,...

sandramjet

First of all, welcome to the forum. I apologize and will not post again Please don't feel you can't post again. This site has a wealth of information, and despite the fact that some folks tend to "bite the newcomers" I encourage you to continue to try to use the information and collective ...

sandramjet

Hindsight is 20/20. The trick is finding out which stocks will perform like that over the next lifetime to match those returns...

sandramjet

Sorry if this is a "detour" but I have a question about how to correctly calculate marginal rates as well. In particular, for the case where you will qualify for the American Opportunity Tax Credit (assume up to the full amount of credit ... 2500), it seems like having this is equivalent t...

sandramjet

Funny, I don't think these are the worst times to be invested ... I was buying like mad in 2007/2008 ... it has worked out pretty well so far.

sandramjet

For a 65 miles commute, I would recommend a Chevrolet Bolt rather than a Volt. We also have one in our household. I prefer it to the Volt. My husband drives it. I agree with this. I have a Bolt, and it routinely gets between 190-220 miles on a single charge, depending on weather, drive conditions, ...

sandramjet

The last time I priced one was for a woman in her early 80's and her life expectancy was 8 years. The total payouts over the 8 year period were LESS THAN the single premium deposit. That was NOT a typo. The total payments over 8 years was LESS than the single premium deposit. (That is why I said th...

sandramjet

Just wondering if any dedicated BH types have actually placed a big bet with a bigger potential payoff. Not really a "big" bet ... I did invest in a private placement in my brother's internet company. Was small enough that I could afford to lose all of it, but fortunately, it won enough t...

sandramjet

I'm sure this is leading to a recession... problem is, I have no idea when or for how long or how bad...

sandramjet

They lived in NY state. This summer Dee up and moved her and her children to California a community property state. I am a cynic and my mind automatically jumps to financial reasons for her to want to do this? Maybe she just likes the weather better there. Not everyone does things just for financia...

sandramjet

Jags4186 wrote: ↑Mon Oct 01, 2018 10:28 am
Net worth just isn't that useful of a number other than for estate planning purposes.

+1

I compute my net worth including house etc because it potentially impacts my estate planning. I ignore it for everything else.

sandramjet

Thanks for the advice and insights. With a regard to the comments about trusts... 3. As somebody else noted before, a trust would probably be better, since this seems more like personal property and there is no profit motive. Though personally, I would use a trust for this. Can you elaborate more on...

sandramjet

I have used the Retiree Portfolio Model spreadsheet posted by BigFoot48. I think it's pretty comprehensive and flexible. You can use it to do “what if” scenarios. I also like the fact that, in addition to the Results information, it provides worksheets with the detailed information that allows me t...

sandramjet

My wife and I have always done our own taxes, even when she had businesses. However, she is now part of an LLC with siblings and they hire a CPA. She prepares all the information, but the CPA does the taxes. Partly this is because she is the youngest (at almost 60), but also because some in-laws ma...

sandramjet

Bumping this in hopes someone will offer some advice/insight.

sandramjet

I'm trying to get an idea of how complicated it is to do taxes, etc for an LLC. Background: The family is in the process of putting a vacation home into an LLC as part of estate planning purposes. This is a home that will be used by family and friends only, and have no rental income. The LLC will pr...

sandramjet

I realize this is an old thread... but I've discovered that doing this sort of thing doesn't move quickly if all family members aren't really motivated one way or another :annoyed In any case, I think we have decided to go ahead and do this, and so far we've drafted an initial operating agreement, l...

sandramjet

...It's important to note that the Dividend Growth strategy didn't begin until some time in the early 2000's. This was the Vanguard Utilities Fund before that... :oops: Oops. Effective December 6, 2002, the fund changed its investment objective and concentration policy. Prior to making these modifi...

sandramjet

JBTX wrote: ↑Fri Sep 07, 2018 1:44 pm Ultimately, a 10 year period is an arbitrary time frame.

+1 .... Even after retirement, my time frame I hope is a lot longer than 10 years!

sandramjet

Maybe ask Sheldon and Leonard for a copy of their roommate agreement?

sandramjet

It simply shifts the risk profile. If the bear market recovers in 5 years or less you are better off using buckets, but in the really bad case of a bear market lasting 9 years or more, the bucket approach makes a very bad situation worse. If you want less risk, you have to do some form of liability...

sandramjet

He asked us that question, we gave our comments, and we should get a final reply. So I guess I don't understand why anyone on an anonymous internet forum thinks they can impose deadlines on people to do things, or making fun about them for not responding as soon as everyone else believes is possibl...

sandramjet

We have an a-frame popup camper. They are great; hard sided, yet small/easy to put up, easy to pull. We have an indoor kitchen/refrigerator/sink, but no toilet/shower. There are a few different makers - A-Liner, Chalet, Rockwood. Some of the larger ones are too big for the Subaru but the smaller one...

sandramjet

WoW2012 wrote: ↑Sat Jun 09, 2018 2:35 pm Quick question, do you sell this product?

I may have missed it, but I didn't see an answer to this question... From your answers, it sounds like you either sell such products or represent companies that do. Can you confirm whether that is true?

sandramjet

Second, all of the examples that you can actually be quantified. Even the unknowns unkowns. You just set really wide confidence bands. I don't understand this point. Could you explain how wide you set a confidence band for an unknown which is by definition not known. So how do you know how wide to ...

sandramjet

How about let the college going kid earn sufficient summer/part-time income so that he/she can file tax-returns on their own. Assuming decent 10K/15K income, I wish that were true ... our kids get roughly 10-12 weeks of time off during summer, and at about $11/hour full time, there's no way to make...

sandramjet

How about the Simba backtesting spreadsheet from this site?

sandramjet

Stargazer79 wrote: ↑Sun Apr 29, 2018 5:10 pm I am looking to buy a house in about a year and hopefully it should grow to about 120K by then.

You are looking (hoping?) for a 20% return in one year? That takes this out of the area of stable, IMHO

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