Search found 8283 matches

by JBTX
Wed Jul 28, 2021 11:03 pm
Forum: Personal Finance (Not Investing)
Topic: Is this a viable path to the CFP?
Replies: 22
Views: 1672

Re: Is this a viable path to the CFP?

Decades ago I looked into it, as I enjoy financial planning and have a financial background. I talked with a guy at a major firm. I realized pretty quickly probably not my cup of tea. Generating business / sales would be a material part, at least at first. While obviously not impossible, it seems li...
by JBTX
Wed Jul 28, 2021 2:08 am
Forum: Personal Finance (Not Investing)
Topic: What is the average savings rates for bogleheads?
Replies: 263
Views: 18737

Re: What is the average savings rates for bogleheads?

These threads always make me scratch my head. Some of these very high savings percents just seem so highly improbable. If true then I would think they could retire at a very young age. But ultimately I can't know exactly what and how people spend so best not to get too worked up. If you asked me, I ...
by JBTX
Tue Jul 27, 2021 8:35 pm
Forum: Personal Consumer Issues
Topic: [What TV Show Have You Recently Watched?]
Replies: 2991
Views: 298086

Re: [What TV Show Have You Recently Watched?]

Just finished the 2 seasons of Sense8 on Netflix. A Sci fi series where 8 people scattered across the globe find they have the ability of shared consciousness. Most of the series surrounds them dealing with people who think the are a threat. There were several things I didn't like, at times ridiculo...
by JBTX
Tue Jul 27, 2021 4:58 pm
Forum: Investing - Theory, News & General
Topic: Thinking of Dropping Out of International Stock Funds
Replies: 223
Views: 13908

Re: Thinking of Dropping Out of International Stock Funds

Hi So like a good Bogle-head I split my assets b/w US-Stocks, International Stocks and Fixed Assets (Bonds, MM etc.) for the last few decades. Reviewing performance over the last 20 years of say VGTSX (total international stock fund) I see it's barely up 30% compared to say VTSMX (total stock fund)...
by JBTX
Tue Jul 27, 2021 2:50 pm
Forum: Investing - Theory, News & General
Topic: Thinking of Dropping Out of International Stock Funds
Replies: 223
Views: 13908

Re: Thinking of Dropping Out of International Stock Funds

Hi So like a good Bogle-head I split my assets b/w US-Stocks, International Stocks and Fixed Assets (Bonds, MM etc.) for the last few decades. Reviewing performance over the last 20 years of say VGTSX (total international stock fund) I see it's barely up 30% compared to say VTSMX (total stock fund)...
by JBTX
Tue Jul 27, 2021 2:47 pm
Forum: Investing - Theory, News & General
Topic: Thinking of Dropping Out of International Stock Funds
Replies: 223
Views: 13908

Re: Thinking of Dropping Out of International Stock Funds

Hi So like a good Bogle-head I split my assets b/w US-Stocks, International Stocks and Fixed Assets (Bonds, MM etc.) for the last few decades. Reviewing performance over the last 20 years of say VGTSX (total international stock fund) I see it's barely up 30% compared to say VTSMX (total stock fund)...
by JBTX
Sun Jul 25, 2021 7:30 pm
Forum: Personal Consumer Issues
Topic: Delete gmails
Replies: 19
Views: 3462

Re: Delete gmails

Different ways to tackle this. I usually prefer to do on a desktop so I can sort by sender. You could probably find email apps that do that. Just using your iPad email, if you want to delete everything, the click on the "edit" at top right and "select all" and then archive. If yo...
by JBTX
Sun Jul 25, 2021 3:44 am
Forum: Personal Consumer Issues
Topic: Lastpass MFA Options
Replies: 6
Views: 700

Re: Lastpass MFA Options

I've started to use authy. With last pass, and maybe even other programs, even if it doesn't list authy, you can choose Google authenticator, scan the QR code in Authy, and it will work in Authy.
by JBTX
Sat Jul 24, 2021 9:30 pm
Forum: Investing - Theory, News & General
Topic: Psychology behind TOO much emergency fund
Replies: 48
Views: 3211

Re: Psychology behind TOO much emergency fund

1. Don't pay down a 2.5% mortgage. Hold on to it, occasionally check rates, you may be able to refi to a lower rate. 2. Take at least $10k per year of your cash and buy ibonds via treasury direct. Overpay your taxes and get another $5k of paper ibonds each year. 3. Take a look at EE bonds that doubl...
by JBTX
Fri Jul 23, 2021 8:27 pm
Forum: Investing - Theory, News & General
Topic: GMO 7 year forecast for Asset classes
Replies: 40
Views: 6152

Re: GMO 7 year forecast for Asset classes

If you're going to pay any attention to the GMO forecasts, be sure to find the reports that state the ±ranges and not just the center point. What you will find is that GMO actually forecasts that the returns will fall within a certain range , and that the ranges are so incredibly wide that the fore...
by JBTX
Fri Jul 23, 2021 8:19 pm
Forum: Investing - Theory, News & General
Topic: GMO 7 year forecast for Asset classes
Replies: 40
Views: 6152

Re: GMO 7 year forecast for Asset classes

MarketWatch posted a column today about the GMO report, which called out skeptical Bogleheads: https://www.marketwatch.com/story/granthams-terrifying-new-forecasts-11627061555?mod=mw_latestnews In fairness, I agree with Arends take. As a longer-term, retirement plan investor, GMO’s warnings don’t m...
by JBTX
Fri Jul 23, 2021 8:06 pm
Forum: Investing - Theory, News & General
Topic: Changing company 401k plan
Replies: 13
Views: 1239

Re: Changing company 401k plan

I manage a small company that has had a 401k plan (safe harbor plan with profit sharing) at AF (american funds) for 7 years. We use a local retirement services company to serve as what I think is known as a TPA (third party administrator). We have 15 employees, 18 people in the plan and $1.6M in in...
by JBTX
Fri Jul 23, 2021 5:17 pm
Forum: Personal Consumer Issues
Topic: 2022 Ford Maverick Megathread...;-)
Replies: 117
Views: 10687

Re: 2022 Ford Maverick Megathread...;-)

Dottie57 wrote: Mon Jul 19, 2021 7:55 am
augryphon wrote: Sat Jul 17, 2021 10:35 pm My girlfriend had a ‘75 maverick and I had a ‘76 pinto hatchback. I’m still traumatized. Please don’t speak of this again!
I had my Dad’s used 1976 Maverick in early 1980’s. It was ok, but had a lot of problems"....
I'm pretty sure we had a tan Ford Maverick in the early 70s.
by JBTX
Fri Jul 23, 2021 5:11 pm
Forum: Investing - Theory, News & General
Topic: "Target-Date Deep Dive: Vanguard" by Morningstar
Replies: 55
Views: 5307

Re: "Target-Date Deep Dive: Vanguard" by Morningstar

There is also an article about Fidelity Target-Date Funds at Morningstar. Got a link for that one? Bob https://www.morningstar.com/articles/1048324/target-date-deep-dive-fidelity Although, for ‘deep dives’, they seem pretty superficial to me. This. I was surprised after a few paragraphs and it was ...
by JBTX
Thu Jul 22, 2021 5:01 pm
Forum: Personal Investments
Topic: Seeking Wisdom...what should I do?
Replies: 26
Views: 1761

Re: Seeking Wisdom...what should I do?

No please don't pay down a 2.25% 30 year mortgage at your stage and you situation, especially at the expense of retirement accounts. Fund retirement accounts first, but if those are maxed then do ibonds. With rates where they are you'd roughly breakeven, and be able to keep the liquidity. You never ...
by JBTX
Thu Jul 22, 2021 2:39 pm
Forum: Personal Investments
Topic: Start building cash reserve or is it cash drag?
Replies: 21
Views: 3171

Re: Start building cash reserve or is it cash drag?

I plan to retire in 10 years at 62. Possibly a couple of years earlier if the market is good to me, or life throw a curve ball (not sure if find the motivation to "rebuild" with a new company at 59 for example). I'm currently 60/40 AA, Firecalc shows 100 survival rate of my portfolio at 5...
by JBTX
Thu Jul 22, 2021 2:28 pm
Forum: Personal Finance (Not Investing)
Topic: Mechanics of funding a special needs trust account
Replies: 31
Views: 1723

Re: Mechanics of funding a special needs trust account

Regarding an ABLE account, we have a regular 529 for him that we have been funding to the state deductible max since birth, which we continue to fund. It seems impossible that he would go to college. We have not moved those funds to an ABLE account yet due to the Medicaid claw back rules if the ben...
by JBTX
Thu Jul 22, 2021 2:25 pm
Forum: Personal Finance (Not Investing)
Topic: Mechanics of funding a special needs trust account
Replies: 31
Views: 1723

Re: Mechanics of funding a special needs trust account

We have a decent income but nothing even remotely close to doctor/tech/lawyer levels seen on this board. The amounts we are saving that we consider untouchable for our disabled son are significant to our income, but we are happy to sacrifice now so he can live his best life when we are gone. We're ...
by JBTX
Thu Jul 22, 2021 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: Mechanics of funding a special needs trust account
Replies: 31
Views: 1723

Re: Mechanics of funding a special needs trust account

We had an estate attorney handle this a year ago. DW and I have a revocable living trust. Once we pass, the RLT will split assets between our children, with our disabled son's portion going into his SNT. It was funded upon creation with a nominal amount ~$10. We won't be funding it further until mu...
by JBTX
Wed Jul 21, 2021 9:41 pm
Forum: Investing - Theory, News & General
Topic: Do Indexers even need to pay attention to market valuation?
Replies: 192
Views: 15754

Re: Do Indexers even need to pay attention to market valuation?

You don't have to pay attention to multiples, but I do. It's not that they are very actionable, they aren't, but to a degree they do inform risk awareness. As multiples get higher, I make modest adjustments, like less in stocks, or more in international. This doesn't mean this strategy will give you...
by JBTX
Wed Jul 21, 2021 9:20 pm
Forum: Personal Investments
Topic: How would you invest 200k Right now?
Replies: 25
Views: 3983

Re: How would you invest 200k Right now?

Are you still working? What tax bracket are you in? Is this $200k for future retirement, or to hold you over until pension? Do you have access to a 401k or 403b? To get the best answer it would be helpful to list your details as described in the recommended format. Those details may materially chang...
by JBTX
Wed Jul 21, 2021 9:08 pm
Forum: Investing - Theory, News & General
Topic: Why Jack Bogle Doesn't (Didn't) Own Non-US Stocks
Replies: 54
Views: 5075

Re: Why Jack Bogle Doesn't (Didn't) Own Non-US Stocks

tc101 wrote: Wed Jul 21, 2021 9:04 pm I don't think this has been discussed here before, so I am very interested in what people have to say about it.
Indeed! I'm sure the definitive and concensus answer will be sorted out quickly.
by JBTX
Wed Jul 21, 2021 8:14 pm
Forum: Personal Finance (Not Investing)
Topic: Mechanics of funding a special needs trust account
Replies: 31
Views: 1723

Re: Mechanics of funding a special needs trust account

Yes, thanks. One of the decisions I'll have to make in the next 4-5 years is whether to take SS early to be able for son to draw adult child SSDI vs SSI. Typically I'd defer SS to 70, but having disabled adult child complicates the situation. The https://opensocialsecurity.com/ calculator does a gr...
by JBTX
Wed Jul 21, 2021 7:04 pm
Forum: Personal Finance (Not Investing)
Topic: Mechanics of funding a special needs trust account
Replies: 31
Views: 1723

Re: Mechanics of funding a special needs trust account

Having the ira go to special needs child via SNT is an interesting idea, get stretch since disabled. However trust tax rates are higher than ordinary and I'd rather have ira going to me initially while I'm alive at lower tax rates, even if the stretch isn't as long. But an interesting thought. I do...
by JBTX
Wed Jul 21, 2021 5:52 pm
Forum: Personal Finance (Not Investing)
Topic: Mechanics of funding a special needs trust account
Replies: 31
Views: 1723

Re: Mechanics of funding a special needs trust account

I'm not a lawyer. We do have 17 year special needs son. Our estate plan is a revocable living trust, and within the RLT creates a special needs trust, if necessary, upon both wife and I passing. The same could be accomplished with trusts created in the will. We used an RLT for ease of designation f...
by JBTX
Wed Jul 21, 2021 1:36 am
Forum: Investing - Theory, News & General
Topic: Best inflation hedge besides gold, real estate, stocks, and crypto
Replies: 131
Views: 10997

Re: Best inflation hedge besides gold, real estate, stocks, and crypto

What are you currently holding besides gold, real estate, stocks, and crypto? I have heard of some people buying small private businesses to act as a hedge against inflation and for extra diversification, but this doesn't seem passive. Would love to hear what others are doing. My $1000 fun money cr...
by JBTX
Wed Jul 21, 2021 1:12 am
Forum: Investing - Theory, News & General
Topic: Best inflation hedge besides gold, real estate, stocks, and crypto
Replies: 131
Views: 10997

Re: Best inflation hedge besides gold, real estate, stocks, and crypto

What are you currently holding besides gold, real estate, stocks, and crypto? I have heard of some people buying small private businesses to act as a hedge against inflation and for extra diversification, but this doesn't seem passive. Would love to hear what others are doing. My $1000 fun money cr...
by JBTX
Wed Jul 21, 2021 12:14 am
Forum: Investing - Theory, News & General
Topic: Life expectancy lowered [U.S. Life Expectancy Fell By 1.5 Years In 2020]
Replies: 10
Views: 2112

Re: Life expectancy lowered

That's a pretty dramatic decrease.
by JBTX
Wed Jul 21, 2021 12:07 am
Forum: Investing - Theory, News & General
Topic: Best inflation hedge besides gold, real estate, stocks, and crypto
Replies: 131
Views: 10997

Re: Best inflation hedge besides gold, real estate, stocks, and crypto

Inflation hedges my wife and I use are Social Security, CPI indexed pension, TIPS (bonds and etfs), I-bonds, and a small holding in the TSP G Fund. Stocks are not an inflation hedge. The correlation between stocks and inflation is approximately zero. You cannot hedge inflation with an asset that ha...
by JBTX
Tue Jul 20, 2021 10:54 pm
Forum: Personal Finance (Not Investing)
Topic: Mechanics of funding a special needs trust account
Replies: 31
Views: 1723

Re: Mechanics of funding a special needs trust account

Can you explain the use of SNT for your child before your pasaing? How would it differ from an ABLE account (if that applies)? My son is 11. We currently aren't financially eligible for disability benefits so we don't need funds in there presently, but he may be eligible for disability benefits onc...
by JBTX
Mon Jul 19, 2021 11:49 pm
Forum: Personal Finance (Not Investing)
Topic: Need advice on how to retire with two underwater properties
Replies: 49
Views: 4385

Re: Need advice on how to retire with two underwater properties

Thanks for replys! They are around 75 years old. They live in KY. FIL was a family practice doc but he's at the end of his career. He shut his solo practice down last year due to pandemic and just didn't reopen. He's struggled to keep up with current medical knowledge already and continuing to work...
by JBTX
Mon Jul 19, 2021 10:53 pm
Forum: Personal Finance (Not Investing)
Topic: Texas Cash Out refi
Replies: 1
Views: 299

Texas Cash Out refi

Moving from refi Megathread as it got buried in there: Question for those familiar with TX. In Nov/Dec of 2020 I did a cash out refi. Now I'm trying to do a straight up refi with Better, but upon reading some stuff I wonder if I'm gonna get slam dunked - after a cash out refi, if you want to do a co...
by JBTX
Mon Jul 19, 2021 9:10 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 11452
Views: 871794

Re: Refinance Mega Thread

Moved to separate thread
by JBTX
Mon Jul 19, 2021 8:46 pm
Forum: Personal Finance (Not Investing)
Topic: Working after Financial Independence
Replies: 273
Views: 20186

Re: Working after Financial Independence

I'm currently not working, but wife is. On paper we are FI, probably, 25-30x expenses, but there are a lot of moving parts and variables, mostly around special needs teen/adult children and how much support they will need in the future, and what sort of legacy to leave for ongoing support. I'll go b...
by JBTX
Mon Jul 19, 2021 8:39 pm
Forum: Personal Finance (Not Investing)
Topic: Quicken question
Replies: 20
Views: 1235

Re: Quicken question

reconciliation. What's that? My bank hasn't made a math error in decades. I just look for any spurious charges that might be indicative of fraud, but haven't had any of those for a few years now either so I think the machine learning algorithms developed by FICO and others have shut down whatever v...
by JBTX
Mon Jul 19, 2021 8:19 pm
Forum: Personal Finance (Not Investing)
Topic: Quicken question
Replies: 20
Views: 1235

Re: Quicken question

Hmm.. bummer. So, if I were to start from scratch what would you recommend? I can still have my Quicken 2017 installed if I need to run some reports from the past. I know very little about Mint but I absolutely have no interest in giving Mint my passwords etc. no way would I ever do that regardless...
by JBTX
Mon Jul 19, 2021 7:51 pm
Forum: Personal Finance (Not Investing)
Topic: Sole Trustee and Trust Protection Aspect
Replies: 31
Views: 1876

Re: Sole Trustee and Trust Protection Aspect

With our kids, neither of which will ever be able to responsibly manage sizeable sums of money, this time around in our updated estate plans we are going to go with a recommended local corporate trustee. While the approx 1.0% fee is not optimal, and they don't use just a pure index fund approach, t...
by JBTX
Mon Jul 19, 2021 4:55 pm
Forum: Personal Finance (Not Investing)
Topic: Drop Collision Comp Insurance - Forbes
Replies: 46
Views: 4258

Re: Drop Collision Comp Insurance - Forbes

I know of young adult who totalled a low mileage used car and the collision paid out higher than what it was bought for months earlier (it was bought deeply discounted) Same person later bought another $20k car, financed it, but couldnt afford collision and comp. That car was later totalled now he ...
by JBTX
Mon Jul 19, 2021 4:52 pm
Forum: Investing - Theory, News & General
Topic: Roth vs Traditional, all else being equal, should be a wash, right?
Replies: 28
Views: 2384

Re: Roth vs Traditional, all else being equal, should be a wash, right?

That said, the traditional IRA has an "option" to pay the taxes and convert to Roth whenever they want. If the investments fall in value sometime after purchase, or the tax rates fall (as it did for many with the Tax Cuts and Jobs Act of 2017), or other tax bracket change along the way, t...
by JBTX
Mon Jul 19, 2021 4:52 pm
Forum: Investing - Theory, News & General
Topic: Roth vs Traditional, all else being equal, should be a wash, right?
Replies: 28
Views: 2384

Re: Roth vs Traditional, all else being equal, should be a wash, right?

That said, the traditional IRA has an "option" to pay the taxes and convert to Roth whenever they want. If the investments fall in value sometime after purchase, or the tax rates fall (as it did for many with the Tax Cuts and Jobs Act of 2017), or other tax bracket change along the way, t...
by JBTX
Mon Jul 19, 2021 4:30 pm
Forum: Personal Finance (Not Investing)
Topic: Sole Trustee and Trust Protection Aspect
Replies: 31
Views: 1876

Re: Sole Trustee and Trust Protection Aspect

With our kids, neither of which will ever be able to responsibly manage sizeable sums of money, this time around in our updated estate plans we are going to go with a recommended local corporate trustee. While the approx 1.0% fee is not optimal, and they don't use just a pure index fund approach, th...
by JBTX
Mon Jul 19, 2021 4:12 pm
Forum: Personal Finance (Not Investing)
Topic: Drop Collision Comp Insurance - Forbes
Replies: 46
Views: 4258

Re: Drop Collision Comp Insurance - Forbes

I know of young adult who totalled a low mileage used car and the collision paid out higher than what it was bought for months earlier (it was bought deeply discounted) Same person later bought another $20k car, financed it, but couldnt afford collision and comp. That car was later totalled now he h...
by JBTX
Mon Jul 19, 2021 12:47 pm
Forum: Investing - Theory, News & General
Topic: Revisiting Ron Barron prediction (DJIA) by 2023
Replies: 13
Views: 1822

Re: Revisiting Ron Barron prediction (DJIA) by 2023

14000 to 30000 in 10 years is a tad over 7% annualized. Add in approx 2% dividends and you are at 9%. 9% annualized is well within historical norms, considering 2013 was only a few years after great recession market lows. The Dow doesn't take dividends into consideration. It's a share price index: ...
by JBTX
Mon Jul 19, 2021 2:50 am
Forum: Investing - Theory, News & General
Topic: Revisiting Ron Barron prediction (DJIA) by 2023
Replies: 13
Views: 1822

Re: Revisiting Ron Barron prediction (DJIA) by 2023

14000 to 30000 in 10 years is a tad over 7% annualized. Add in approx 2% dividends and you are at 9%. 9% annualized is well within historical norms, considering 2013 was only a few years after great recession market lows.
by JBTX
Sun Jul 18, 2021 7:41 pm
Forum: Investing - Theory, News & General
Topic: What would happen if a person owned the Total Market and pull out their profit each year putting it in a saving account.
Replies: 53
Views: 6195

Re: What would happen if a person owned the Total Market and pull out their profit each year putting it in a saving acco

The profit would be taken out no matter how much stock were up that year. If there was no profit they would let the Total Stock Market ride. What would happen in the long run? Assuming no taxes, and assuming you start with $10k. Assuming at the end of each year, if the balance in VTSMX is below $10...
by JBTX
Sun Jul 18, 2021 7:27 pm
Forum: Investing - Theory, News & General
Topic: protecting funds with moderate growth over next 12 yrs
Replies: 76
Views: 6068

Re: protecting funds with moderate growth over next 12 yrs

Getting a 5% real return near guaranteed is not possible. Not even close These days just getting guaranteed inflation is difficult. A baseline would be to buy TIPS maturing in the years 2031-2041, allowing for what maturity dates have even been issued. Today the real yields on 10-20 year TIPS are -...
by JBTX
Sun Jul 18, 2021 5:31 pm
Forum: Investing - Theory, News & General
Topic: protecting funds with moderate growth over next 12 yrs
Replies: 76
Views: 6068

Re: protecting funds with moderate growth over next 12 yrs

what is the members opinion on using all weather portfolio for the following SPECIFIC purpose 1 protect assets from inflation over a 12 yr period, 2 moderate growth around five percent or so 3 and preserving capital is very important as i would REALLY need these funds in 12 yrs time my biggest conc...
by JBTX
Sun Jul 18, 2021 3:39 pm
Forum: Investing - Theory, News & General
Topic: protecting funds with moderate growth over next 12 yrs
Replies: 76
Views: 6068

Re: protecting funds with moderate growth over next 12 yrs

what is the members opinion on using all weather portfolio for the following SPECIFIC purpose 1 protect assets from inflation over a 12 yr period, 2 moderate growth around five percent or so 3 and preserving capital is very important as i would REALLY need these funds in 12 yrs time my biggest conc...
by JBTX
Sun Jul 18, 2021 3:43 am
Forum: Investing - Theory, News & General
Topic: VXUS: A Dollar Hedge, Not A Value Investment
Replies: 55
Views: 5754

Re: VXUS: A Dollar Hedge, Not A Value Investment

The article does a decent job of articulating the character of the differences in US vs Ex-US. I don't think it is very convincing in terms of the future superiority of US. Depending on your point of view, it could lead you to the opposite.
by JBTX
Sun Jul 18, 2021 3:22 am
Forum: Investing - Theory, News & General
Topic: Wiki - Prioritizing investments (proposed updates)
Replies: 237
Views: 12436

Re: Wiki - Prioritizing investments (proposed updates)

Overall these look very good and will be very helpful. My only reservation is the estimated returns at the right. I have mixed feelings on those. It's a bit of apples and oranges going on there. To some degree investment returns and incremental return due to tax advantages are getting mixed up, plus...