Search found 7450 matches

by tibbitts
Thu Apr 05, 2018 8:57 pm
Forum: Investing - Theory, News & General
Topic: Bogle on stock turbulence: ‘never seen a market this volatile to this extent in my career’
Replies: 88
Views: 12669

Re: Bogle on stock turbulence: ‘never seen a market this volatile to this extent in my career’

jehovasfitness wrote:
Thu Apr 05, 2018 8:40 pm
Market is volatile because times are volatile. Not political just reality
I don't think times are particularly volatile, politically or economically.
by tibbitts
Thu Apr 05, 2018 8:31 pm
Forum: Investing - Help with Personal Investments
Topic: High Yield Bond Fund Question
Replies: 6
Views: 531

Re: High Yield Bond Fund Question

Hello fellow Bogleheads! Back in 2016, I rolled over a previous employer 401(k) to a traditional IRA with Forester's Financial. Two years later, I found Bogleheads and educated myself with the philosophy and realized that I need to get my money out of there and into my vanguard account which I open...
by tibbitts
Thu Apr 05, 2018 8:27 pm
Forum: Investing - Help with Personal Investments
Topic: Keep TIAA 403(b) or roll to Vanguard IRA?
Replies: 5
Views: 456

Re: Keep TIAA 403(b) or roll to Vanguard IRA?

Although the amount may not be much compared to your eventual portfolio, I'd keep it until you understand it.

With TIAA that's forever, in case you didn't know.
by tibbitts
Wed Apr 04, 2018 12:07 am
Forum: Investing - Theory, News & General
Topic: The "American companies I invest in already have international exposure" argument --- valid or not?
Replies: 139
Views: 10612

Re: The "American companies I invest in already have international exposure" argument --- valid or not?

"So if you bet entirely on one of the two largest stock markets in 2000 (note that this graph starts after Japan's big crash and gets much, much, much worse if you go back another 5 or 10 years), and you picked wrong, you'd have had dismal returns versus great returns." There are many historical, g...
by tibbitts
Tue Apr 03, 2018 11:37 pm
Forum: Personal Finance (Not Investing)
Topic: Advice for using credit card for auto rental insurance
Replies: 25
Views: 1913

Re: Advice for using credit card for auto rental insurance

The only time I've had to use my credit car auto rental insurance, I never heard from the rental company after filing the report, so I'm not sure what happened. I do know that no credit card will cover any kind of liability, and I'm not convinced any will cover loss-of-use - only because the rental ...
by tibbitts
Sun Apr 01, 2018 10:05 pm
Forum: Personal Consumer Issues
Topic: New laptop purchase decision
Replies: 36
Views: 2969

Re: New laptop purchase decision

Macbook for sure. These things LAST. I'm using a 3 year old MacBook Pro and I can't tell any difference in the machine from the day I bought it, except it may be a little -faster- as macOS has been upgraded a couple of times. I just checked, and the last time this machine was restarted was 139 days...
by tibbitts
Sun Apr 01, 2018 10:00 pm
Forum: Personal Consumer Issues
Topic: New laptop purchase decision
Replies: 36
Views: 2969

Re: New laptop purchase decision

I'm in the market for a new laptop. I've never bought a computer before since my job supplied me with a nice MacBook Air but I'm leaving after 17 years soon so I'm shopping around. I'm a basic user I would use it for typing papers, working on the resume, surfing the web, and email. I heard and read...
by tibbitts
Sun Apr 01, 2018 8:42 pm
Forum: Personal Finance (Not Investing)
Topic: What is Causing 403(b) Tax Preparer Problem?
Replies: 9
Views: 723

Re: What is Causing 403(b) Tax Preparer Problem?

H&R Block software for personal use doesn't even do the age-based catch up correctly (at least as of a month or so ago), so it's not surprising it can't do the 15-year.
by tibbitts
Sun Apr 01, 2018 8:37 pm
Forum: Personal Finance (Not Investing)
Topic: Retire at 55, what's the magic number
Replies: 90
Views: 10272

Re: Retire at 55, what's the magic number

Hello, I know there are a lot of variables to this question, but curious what amount of money fellow BHs would want to have saved/invested in order to retire at 55. Make the assumption that a) you would be 100% debt free and b) dual SS when that time comes. What's your number? Thanks For some peopl...
by tibbitts
Sun Apr 01, 2018 4:38 pm
Forum: Personal Finance (Not Investing)
Topic: 4% SWR - planning for worst, hoping for better
Replies: 37
Views: 2239

Re: 4% SWR - planning for worst, hoping for better

Yes and I think the 4% rule there's some very high probability that you end up with more money after 30 years than before it, even with regular withdrawing, and some incredibly low probability of being down to a small percentage of the portfolio. Well, yes. Equities get, what, ~7-8% real? Bonds get...
by tibbitts
Sun Apr 01, 2018 1:45 pm
Forum: Personal Consumer Issues
Topic: Maximizing airlines miles or rewards points
Replies: 6
Views: 994

Re: Maximizing airlines miles or rewards points

I've caught the entrepreneurial bug again and am in the process of getting my company and a couple of co-founders set up with all our office IT and supply needs. All the purchases are segregated on company credit cards, but I've been thinking that sites like MileagePlus Shopping or Skymiles Shoppin...
by tibbitts
Sun Apr 01, 2018 1:01 pm
Forum: Personal Finance (Not Investing)
Topic: 4% SWR - planning for worst, hoping for better
Replies: 37
Views: 2239

Re: 4% SWR - planning for worst, hoping for better

It seems that what is being said is that the portfolio went down by 1/3 in a few months. Example: January: portfolio= $1,000,000 @4% SWR= $40,000. In May portfolio was down to $666,666 and he still wants to take out $40,000. So, $40,000/$666,666 = ~6%. If that is not what is meant....then I'm with ...
by tibbitts
Sun Apr 01, 2018 12:53 pm
Forum: Personal Finance (Not Investing)
Topic: 4% SWR - planning for worst, hoping for better
Replies: 37
Views: 2239

Re: 4% SWR - planning for worst, hoping for better

I've played with Firecalc and such tools plugging in different withdrawal amounts and seeing the "odds" of success . The 4% studies are more of academic interest than really being all that useful since people expenses are not constant in retirement. You also need to consider the definition of "fail...
by tibbitts
Sun Apr 01, 2018 12:47 pm
Forum: Personal Finance (Not Investing)
Topic: 4% SWR - planning for worst, hoping for better
Replies: 37
Views: 2239

Re: 4% SWR - planning for worst, hoping for better

There seem to be a lot of interesting interpretations of the 4% rate here. As I've pointed out in other threads, I don't think a lot of Bogleheads would be on board with someone retiring with a 6% SWR just because a few months before they could have retired with a 4% SWR, even though that's what th...
by tibbitts
Sun Apr 01, 2018 10:47 am
Forum: Personal Finance (Not Investing)
Topic: 4% SWR - planning for worst, hoping for better
Replies: 37
Views: 2239

Re: 4% SWR - planning for worst, hoping for better

There seem to be a lot of interesting interpretations of the 4% rate here. As I've pointed out in other threads, I don't think a lot of Bogleheads would be on board with someone retiring with a 6% SWR just because a few months before they could have retired with a 4% SWR, even though that's what th...
by tibbitts
Sun Apr 01, 2018 10:04 am
Forum: Personal Finance (Not Investing)
Topic: 4% SWR - planning for worst, hoping for better
Replies: 37
Views: 2239

Re: 4% SWR - planning for worst, hoping for better

There seem to be a lot of interesting interpretations of the 4% rate here. As I've pointed out in other threads, I don't think a lot of Bogleheads would be on board with someone retiring with a 6% SWR just because a few months before they could have retired with a 4% SWR, even though that's what the...
by tibbitts
Sat Mar 31, 2018 1:01 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Return e-file 1099 question
Replies: 2
Views: 173

Re: Tax Return e-file 1099 question

It didn't allow entering letters, so I guess that's what they wanted - but not what the form contained. Thanks.
by tibbitts
Sat Mar 31, 2018 12:08 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Return e-file 1099 question
Replies: 2
Views: 173

Tax Return e-file 1099 question

I've never noticed before but all my 1099s list XXX-XX-0000 (not really 0000 but the actual numbers) for the recipient tax-ID number. Does everyone enter their actual tax-ID or the 'X's into their tax software?
by tibbitts
Wed Mar 28, 2018 10:49 pm
Forum: Personal Finance (Not Investing)
Topic: Amended 2016 returns question
Replies: 7
Views: 487

Re: Amended 2016 returns question

Hello friends, I have a question about NY state amended returns. Will NY state accept amended returns that have "do not file" watermarks on the forms? My accountant made a mistake in my 2016 state taxes so I had to do amended returns. I noticed the NY state amended forms he gave me have "do not fil...
by tibbitts
Wed Mar 28, 2018 7:57 am
Forum: Investing - Theory, News & General
Topic: What would you do if you were in charge of a State Pension Fund?
Replies: 36
Views: 2140

Re: What would you do if you were in charge of a State Pension Fund?

Would you believe that I just got selected to head the CalSTRS, with $225 billion in assets? Well, not really, but if you were in charge, would you fire all the investment advisors and just use a three-fund portfolio? Does is make a difference if other people's financial well-being is on the line? ...
by tibbitts
Tue Mar 27, 2018 10:03 pm
Forum: Investing - Theory, News & General
Topic: What would you do if you were in charge of a State Pension Fund?
Replies: 36
Views: 2140

Re: What would you do if you were in charge of a State Pension Fund?

Would you believe that I just got selected to head the CalSTRS, with $225 billion in assets? Well, not really, but if you were in charge, would you fire all the investment advisors and just use a three-fund portfolio? Does is make a difference if other people's financial well-being is on the line? ...
by tibbitts
Sun Mar 25, 2018 11:21 am
Forum: Personal Finance (Not Investing)
Topic: Reporting Interest on Schedule B
Replies: 14
Views: 847

Re: Reporting Interest on Schedule B

Thanks to everyone for the suggestions, which seem to uniformly say to go with the total (as does Ally Bank - but I only called once!) So that's what I'll do. Also saves typing (not really, I already entered all the individual items, so I'll have to replace that), but it will save typing next year! ...
by tibbitts
Sun Mar 25, 2018 11:16 am
Forum: Investing - Theory, News & General
Topic: Seasoned bogleheads repressing the thought of lower expected returns
Replies: 178
Views: 12275

Re: Seasoned bogleheads repressing the thought of lower expected returns

I think most Bogleheads are not too optimistic about future returns - thus all the talk of 2% SWR, living off dividends (coincidentally 2%), etc. On the other hand I do think Bogleheads are too optimistic about other aspects of personal finances - for example telling younger people to "save their ra...
by tibbitts
Sun Mar 25, 2018 7:49 am
Forum: Investing - Theory, News & General
Topic: Invests money, 3 days later the market tanks.
Replies: 58
Views: 7308

Re: Invests money, 3 days later the market tanks.

I invested $6500 on 3-20-18. Then the next day Jerome Powell raises interest rates. The stock market tanks on 3-23-18 and I lose $3,500. If I had known the exact date the FEDS were going to raise interest rates I would not have invested. I read and stay abreast of financial news and I did not see t...
by tibbitts
Sun Mar 25, 2018 7:40 am
Forum: Personal Finance (Not Investing)
Topic: Reporting Interest on Schedule B
Replies: 14
Views: 847

Re: Reporting Interest on Schedule B

I avoid getting interest and thus have very few accounts that give me interest, namely 2. Since one account routinely gives me less than 50 cents of interest, I cannot use tax software to report it because tax software rounds it down to zero. The other one is reported even though I don't get a 1099...
by tibbitts
Sun Mar 25, 2018 7:34 am
Forum: Investing - Theory, News & General
Topic: Seasoned bogleheads repressing the thought of lower expected returns
Replies: 178
Views: 12275

Re: Seasoned bogleheads repressing the thought of lower expected returns

I don't know I will survive every single recession. My record so far is poor - I've had long unemployed periods in 100% of the recessions since I entered the full time workforce. Just curious but what type of industry are you in that you lost your job through multiple recessions? Not the person you...
by tibbitts
Sun Mar 25, 2018 7:27 am
Forum: Investing - Theory, News & General
Topic: Seasoned bogleheads repressing the thought of lower expected returns
Replies: 178
Views: 12275

Re: Seasoned bogleheads repressing the thought of lower expected returns

The lump sum allocation you have right now may have low 10 year returns due to current market valuations. But if stocks drop materially the money you invest at better valuations will not have low 10 yer returns. So you cannot think, "My whole portfolio is going to have low future 10 year returns," ...
by tibbitts
Sat Mar 24, 2018 10:56 pm
Forum: Investing - Theory, News & General
Topic: Seasoned bogleheads repressing the thought of lower expected returns
Replies: 178
Views: 12275

Re: Seasoned bogleheads repressing the thought of lower expected returns

Are seasoned bogleheads on this forum repressing the prospect of hardly positive real returns for the next decade, because its painful to acknowledge? premiumbananas, Please explain how is that relevant to the portfolio return of any individual? A) A reasonable person will be 70/30 to 30/70. It is ...
by tibbitts
Sat Mar 24, 2018 5:52 pm
Forum: Personal Finance (Not Investing)
Topic: Power of attorney for a particular asset that supersedes power of attorney listed in will
Replies: 86
Views: 3802

Re: Power of attorney for a particular asset that supersedes power of attorney listed in will

I have a valid POA for all of my elderly parents brokerage accounts. I used each brokerage’s own forms, and requested a letter of acknowledgment. Although I generally use online access to rebalance their accounts and get tax data, ive needed human help on occasion. Because I jumped through their ho...
by tibbitts
Sat Mar 24, 2018 5:46 pm
Forum: Personal Finance (Not Investing)
Topic: Reporting Interest on Schedule B
Replies: 14
Views: 847

Re: Reporting Interest on Schedule B

If I recall correctly some tax software wants (or did in the past) account numbers for interest reported, and that was why I got into the individual entry method years ago. Each item is still reported with its unique account number. But now none of the software I'm looking at seems to ask for accoun...
by tibbitts
Sat Mar 24, 2018 5:30 pm
Forum: Personal Finance (Not Investing)
Topic: Reporting Interest on Schedule B
Replies: 14
Views: 847

Re: Reporting Interest on Schedule B

I always report 1 line on Sch B for each 1099-INT received To clarify, it's all one 1099-INT "substitute" that you receive - the institutions just itemize and then give a total at the end. But of course if you enter each item into your tax software, the total won't be the same as the total reported...
by tibbitts
Sat Mar 24, 2018 4:47 pm
Forum: Personal Finance (Not Investing)
Topic: Reporting Interest on Schedule B
Replies: 14
Views: 847

Reporting Interest on Schedule B

This seems like an obvious question, but do you report interest itemized per-account, or one total per institution? Obviously the amount will (probably) be different, so the issue is which number the IRS will see. So if you have twenty accounts at an institution, and they report to you the interest ...
by tibbitts
Fri Mar 23, 2018 7:57 am
Forum: Investing - Help with Personal Investments
Topic: Wrapping my head around bond funds
Replies: 56
Views: 5205

Re: Wrapping my head around bond funds

Thanks everyone for commenting on my post. I do feel a bit clearer on the value of bond funds, but not quite where I want to be. I will do some more research and see if I can find the answer to my original question. However, your responses have helped clarify my question quite a bit. Ben I think yo...
by tibbitts
Thu Mar 22, 2018 7:59 am
Forum: Personal Consumer Issues
Topic: New vs Used Camry vs Accord
Replies: 64
Views: 3910

Re: New vs Used Camry vs Accord

I've narrowed my car search to Toyota Camry and Honda Accord, but I'm really struggling with (1) new versus used and (2) choosing between the two makes. How would you analyze these decisions? It's not an "analysis" - you buy the car you would prefer to drive. If you prefer a new one you buy that, i...
by tibbitts
Wed Mar 21, 2018 8:17 pm
Forum: Investing - Help with Personal Investments
Topic: Helping daughter set up an IRA
Replies: 28
Views: 1348

Re: Helping daughter set up an IRA

I don't understand all the talk about Roth vs. traditional without at least running both through your tax preparation program. She should be doing her own taxes and that's one of the reasons, so can see the difference various changes will make - impact from the Savers Credit, if any, for example.
by tibbitts
Wed Mar 21, 2018 6:31 pm
Forum: Investing - Help with Personal Investments
Topic: Prime Cap Core, Vanguard Health care fund as part of 3 fund plan of diversification
Replies: 25
Views: 2213

Re: Prime Cap Core, Vanguard Health care fund as part of 3 fund plan of diversification

The 3 fund portfolio or the 2 fund portfolio seem really good. At retirement age... on both of those what do you think if one took the stock side of the portfolio lets say its 50% stock and of that 50% put 25% in Healthcare fund and 25% in Prime Cap Capital opportunity? other 50% of portfolio would...
by tibbitts
Mon Mar 19, 2018 9:44 pm
Forum: Investing - Theory, News & General
Topic: Could all of these "low expected returns over next 10 years" predictions be wrong?
Replies: 120
Views: 11068

Re: Could all of these "low expected returns over next 10 years" predictions be wrong?

I sure hope they're wrong, because I'm just at the beginning really of the investing end of my career, and you're right, there are a lot of really smart people who are saying that the future looks awful; but if it does my future doesn't look as awful as most of the rest of America that can't save a...
by tibbitts
Mon Mar 19, 2018 6:42 pm
Forum: Investing - Theory, News & General
Topic: Why is 16 the magic number for FAs?
Replies: 27
Views: 4506

Re: Why is 16 the magic number for FAs?

randomguy wrote:
Sun Mar 18, 2018 4:43 pm
I am not too lazy to spend a couple hours to make some money:)
You really meant for the possibility of making some money. Or losing some.
by tibbitts
Sun Mar 18, 2018 8:27 am
Forum: Investing - Theory, News & General
Topic: Could all of these "low expected returns over next 10 years" predictions be wrong?
Replies: 120
Views: 11068

Re: Could all of these "low expected returns over next 10 years" predictions be wrong?

I sure hope they're wrong, because I'm just at the beginning really of the investing end of my career, and you're right, there are a lot of really smart people who are saying that the future looks awful; but if it does my future doesn't look as awful as most of the rest of America that can't save a...
by tibbitts
Sun Mar 18, 2018 8:05 am
Forum: Investing - Theory, News & General
Topic: "Demographics and equity returns: A far-fetched horror story" by Joe Davis of Vanguard
Replies: 30
Views: 5234

Re: "Demographics and equity returns: A far-fetched horror story" by Joe Davis of Vanguard

Also because healthy lifespans have increased (if not by as much as lifespans) I see older people as travelling much more than their parents were able to do. That's certainly been my experience -- lots of spry (and even wheelchair bound) 75 and 80 year old Americans seeing Europe, etc. SE Asia or C...
by tibbitts
Sun Mar 18, 2018 7:52 am
Forum: Investing - Theory, News & General
Topic: What return assumptions to use?
Replies: 26
Views: 2108

Re: What return assumptions to use?

oldcomputerguy wrote:
Fri Mar 16, 2018 5:06 am
I use 2% nominal. Hopefully the long-term returns will be better than that. :|
I think oldcomputerguy is on the right track here (and I'm also an old computer guy): so 0% real and call it a day (or lifetime, in this case.) Makes the math easier as a bonus.
by tibbitts
Sat Mar 17, 2018 11:08 am
Forum: Personal Finance (Not Investing)
Topic: Owning cars in 2 different states
Replies: 15
Views: 1010

Re: Owning cars in 2 different states

I have State Farm as my insurer and have put summer cars into "dormancy" during the winter months so that while the cars is in storage the car is covered for fire and theft only. I have a friend who has a Corvette he only drives in warm weather who does this. The car is still insured so you can mai...
by tibbitts
Sat Mar 17, 2018 10:59 am
Forum: Personal Consumer Issues
Topic: Paging BH Gearheads: Reasonable Net Worth for Exotic
Replies: 104
Views: 6603

Re: Paging BH Gearheads: Reasonable Net Worth for Exotic

I guess I just don’t get the allure. I cannot imagine myself ever plunking down that much for a car, especially one that I would be reluctant to drive. Of course, my first new car was a 1977 zippo lighter Ford Pinto, so what do I know? :? I don't get the exotic car thing either but most people have...
by tibbitts
Sat Mar 17, 2018 10:11 am
Forum: Personal Finance (Not Investing)
Topic: Owning cars in 2 different states
Replies: 15
Views: 1010

Re: Owning cars in 2 different states

If you own cars in 2 different states, I am wondering whether you can pause the car insurance on one car if you will be away. Do they allow you to pause it for any duration? I am thinking about owning cars in 2+ states but don't want to pay for the insurance for the other car when I am out of state...
by tibbitts
Wed Mar 14, 2018 7:59 am
Forum: Personal Finance (Not Investing)
Topic: Need advice re: Liberal Arts Colleges...
Replies: 235
Views: 12851

Re: Need advice re: Liberal Arts Colleges...

Few thoughts: 1. Deciding what to do after high school is one of the first adult decisions you make. Of the people I know, parents who have forced their kids into a specific college or major...it ended very badly. 2.Unless, your going to pay for her to travel the world non-stop for a year don’t enc...
by tibbitts
Mon Mar 12, 2018 9:20 pm
Forum: Investing - Theory, News & General
Topic: T Rowe Price?
Replies: 15
Views: 1280

Re: T Rowe Price?

I used to have an account at TRP but gave up on it at just the wrong time back around 2000. They had underperformed significantly for years and years, plus they charged me for each fund I held in my retirement plan. After I moved my money out of TRP they began to perform better, of course. Now I hav...
by tibbitts
Mon Mar 12, 2018 7:59 am
Forum: Investing - Help with Personal Investments
Topic: Alternative to bond funds?
Replies: 32
Views: 3867

Re: Alternative to bond funds?

My wife and I currently have about 20% of our holdings in VBIRX (Vanguard Short-Term Bond Index Fund Admiral Shares.) This fund has a negative yield YTD, and this is also the case with many other bond funds. Any recommendations for suitable alternatives? Thanks! I would say if you are going to time...
by tibbitts
Sun Mar 11, 2018 9:10 pm
Forum: Investing - Help with Personal Investments
Topic: Ok fellow bogleheads, was the correction scary or nothing?
Replies: 147
Views: 10754

Re: Ok fellow bogleheads, was the correction scary or nothing?

As I mentioned in my previous post I still don't understand why people are talking about this in the past tense. I assume most people here are still down six figures, and I believe many Bogleheads are probably down seven figures, so at least for those who aren't accumulating I'm not understanding. ...
by tibbitts
Sun Mar 11, 2018 10:31 am
Forum: Investing - Help with Personal Investments
Topic: Ok fellow bogleheads, was the correction scary or nothing?
Replies: 147
Views: 10754

Re: Ok fellow bogleheads, was the correction scary or nothing?

As I mentioned in my previous post I still don't understand why people are talking about this in the past tense. I assume most people here are still down six figures, and I believe many Bogleheads are probably down seven figures, so at least for those who aren't accumulating I'm not understanding.
by tibbitts
Sat Mar 10, 2018 8:42 pm
Forum: Investing - Help with Personal Investments
Topic: What steps to take as I get close to my number?
Replies: 20
Views: 2375

Re: What steps to take as I get close to my number?

I will hit my number (33x expenses) in 3 years (age 55). I've been so focused on working and saving, that I have not given a lick of thought to what do I do when I hit my number. I feel I should be thinking about that now. Are there any books or fora that discuss this topic? Any advice on how to pl...