Search found 45 matches

by Stubbie
Fri Apr 16, 2021 8:54 am
Forum: Personal Finance (Not Investing)
Topic: How foolish is this? [Buying waterfront apartment in Florida]
Replies: 95
Views: 8525

Re: How foolish is this? [Buying waterfront apartment in Florida]

If you can easily afford it and it will make you happy, do it!
You don't want to be the richest person in the graveyard.
If you don't at least go for it now you will be kicking yourself.
Is it the best move financially? Who cares! You can easily afford it even if it isn't.
by Stubbie
Thu Apr 15, 2021 8:33 am
Forum: Personal Investments
Topic: Backdoor Roth conversions (Multiple accounts)
Replies: 7
Views: 462

Re: Backdoor Roth conversions (Multiple accounts)

The tax person I was dealing with stated that you cannot do a backdoor roth and claim them from two different brokerages. This is not correct. The number of brokerages does not matter. The number of conversions does not matter. All the contributions are lumped together on line 1 Form 8606 and all t...
by Stubbie
Wed Apr 14, 2021 3:29 pm
Forum: Personal Finance (Not Investing)
Topic: "Nobody's ever regretted paying off the mortgage."
Replies: 336
Views: 23155

Re: "Nobody's ever regretted paying off the mortgage."

I paid mine off when Allan Roth finally got it through my head that a mortgage is a negative bond. As long as I was holding bonds in any sizeable capacity, the math says to pay off the mortgage.
Plus, I was approaching retirement age and being mortgage free greatly improves monthly cashflow.
by Stubbie
Thu Apr 01, 2021 8:46 am
Forum: Personal Finance (Not Investing)
Topic: How much retirement notice to give
Replies: 66
Views: 3666

Re: How much retirement notice to give

2 months is plenty and more than most give. You can ease the transition by making yourself available for a consulting fee whenever they feel the need to call. I did this when I left a company after 23 years. Got many calls from former colleagues initially. They dwindled very quickly after the boss g...
by Stubbie
Tue Mar 23, 2021 5:46 am
Forum: Investing - Theory, News & General
Topic: "Best Total Stock Market Index Funds"
Replies: 25
Views: 4129

Re: "Best Total Stock Market Index Funds"

Rob Berger started the Dough Roller blog from scratch and cashed out after it had gained significant traffic. He then wrote a book which he promotes heavily as a guest on podcasts and written articles. My guess is to get this article published in Forbes, that fund had to be included. Notice the edit...
by Stubbie
Mon Mar 08, 2021 8:59 am
Forum: Investing - Theory, News & General
Topic: During decumulation, can someone explain why holding VBIAX is the same as holding separate stock&bond funds?
Replies: 35
Views: 2361

Re: During decumulation, can someone explain why holding VBIAX is the same as holding separate stock&bond funds?

Modeling this in PV, rebalancing monthly both portfolios are identical over the last 30 years. Note: I used VBINX (investor version of VBIAX) for more history. https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=4&startYear=1985&firstMonth=1&endYear=2021&lastMo...
by Stubbie
Sat Mar 06, 2021 6:50 pm
Forum: Personal Finance (Not Investing)
Topic: Roth Conversion
Replies: 7
Views: 853

Re: Roth Conversion

Hello - Can someone please let me know when you do a Roth conversion, if you actually have to sell the investment (i.e., the fund, bonds, etc.) or do they just change the assets from IRA to Roth IRA and tax you on the conversion without selling the assets? I transfer in kind at Vanguard. Very easy ...
by Stubbie
Sat Mar 06, 2021 6:40 pm
Forum: Investing - Theory, News & General
Topic: 4% SWR: It is not a rule and it is not safe (anymore).
Replies: 286
Views: 22531

Re: 4% SWR: It is not a rule and it is not safe (anymore).

Something that I think often gets missed is that as of 2021, it's still mostly theory. The 401(k) was only "invented" circa 1980, and didn't really start to take hold in a big way until about 1990. The idea that it would be normal for ordinary middle-class workers to finance their own ret...
by Stubbie
Sat Mar 06, 2021 6:12 pm
Forum: Personal Finance (Not Investing)
Topic: Should I ditch BofA?
Replies: 40
Views: 3614

Re: Should I ditch BofA?

I am fairly new here, so I will start by saying "thank you" because this community is SO valuable. I am spending way too much time here by the way. So, I wanted to put this out here. I realize everyone is different and that I should not let emotions get in the way, but here goes: - I got ...
by Stubbie
Sat Mar 06, 2021 5:31 pm
Forum: Investing - Theory, News & General
Topic: Bogleheads who own individual stocks in "funny money" accounts, how do you know when to rebalance?
Replies: 40
Views: 3134

Re: Bogleheads who own individual stocks in "funny money" accounts, how do you know when to rebalance?

Trick question. Rebalancing isn’t a thing because you always hodl... stonks always go up, forever or to the moon, whichever comes first. Diamond hands. It’s such a small percentage that it’s more like an expense than a part of my AA. Theres this chunk of money that may go to the moon or it was some...
by Stubbie
Sat Mar 06, 2021 5:19 pm
Forum: Personal Investments
Topic: issue with Vanguard website to select specific lot when selling VTSAX [update]
Replies: 29
Views: 1657

Re: does vanguard track cost basis for VTSAX?

Thanks for the reply. I double-checked the transaction history and looked for 1099-B, and confirmed that I have not sold any VTSAX before. I will call Vanguard again to insist them to correct it for me. Thanks. I think Vanguard has high school interns do this work during the summers. I hope so. I h...
by Stubbie
Fri Mar 05, 2021 9:41 am
Forum: Personal Investments
Topic: How long would you back a losing horse, to Stay The Course?
Replies: 167
Views: 11368

Re: How long would you back a loosing horse, to Stay The Course?

I'm surprised it hasn't paid off. Since March 23, 2020, SCV in the form of IJS is up 119% while Total US is up only 77%. I've written numerous times before that SCV-tilting is not a workable buy-and-hold strategy, but it is a buy, judiciously rebalance strategy. So if you cannot buy more SCV when i...
by Stubbie
Fri Mar 05, 2021 9:29 am
Forum: Personal Finance (Not Investing)
Topic: Taxes - Success in Doing Them Yourself
Replies: 34
Views: 2749

Re: Taxes - Success in Doing Them Yourself

I started doing my own taxes using TurboTax when I realized I was doing all the work gathering information and filling out my CPA's tax questionnaire before going into his office for our annual meeting. I would sit there and watch him use all the information I had spent hours compiling and type it i...
by Stubbie
Thu Mar 04, 2021 2:38 pm
Forum: Personal Finance (Not Investing)
Topic: Schwab customer service completely swamped?
Replies: 29
Views: 2776

Re: Schwab customer service completely swamped?

Just another data point. Opened a Schwab chat session today at 1:57 pm. Estimated wait was listed as 20-25 minutes. Continued doing other things. Live rep joined chat at 2:11 pm. Questioned answered completely and accurately (about a transfer). I thought that was VERY good given the current delays e...
by Stubbie
Wed Mar 03, 2021 10:19 am
Forum: Personal Finance (Not Investing)
Topic: Schwab customer service completely swamped?
Replies: 29
Views: 2776

Re: Schwab customer service completely swamped?

I have found that the Schwab chat wait times are minimal if you engage them early in the morning. Have had very short wait times when logging on at 6 am and the customer service was still top notch.
by Stubbie
Thu Feb 11, 2021 8:03 am
Forum: Investing - Theory, News & General
Topic: Moving to short-term bonds because yields can only go up? Careful what you wish for.
Replies: 139
Views: 13908

Re: Moving to short-term bonds because yields can only go up? Careful what you wish for.

The great financial prognosticator Suze Orman told all of her followers to "get out of bond funds!" way back in 2011 because bonds had "nowhere to go but up!". Not bashing Suze, all of the great financial prognosticators were predicting the same thing. That turned out to be bad a...
by Stubbie
Thu Feb 11, 2021 7:41 am
Forum: Investing - Theory, News & General
Topic: Are Any Financial Subscriptions Worth It?
Replies: 58
Views: 4876

Re: Are Any Financial Subscriptions Worth It?

Way back in the day, I used to read Motley Fool profusely. Lost a lot of money with them during the 2000 tech meltdown. They are a much bigger organization now and I would classify their advice as a cross between Jim Cramer analysis with Suze Orman marketing. Every online article includes a hard sel...
by Stubbie
Mon Feb 08, 2021 8:52 am
Forum: Personal Finance (Not Investing)
Topic: Am I nuts? About to retire early without bulletproof money.
Replies: 89
Views: 11606

Re: Am I nuts? About to retire early without bulletproof money.

Do it. If the main motivation to retire is to move close to your dad and help him through his elder journey, do it. You won't regret it. Financially, you are in good shape.
by Stubbie
Wed Jan 20, 2021 1:57 pm
Forum: Investing - Theory, News & General
Topic: Why isn't every indexer investing in small cap value index funds?
Replies: 372
Views: 35337

Re: Why isn't every indexer investing in small cap value index funds?

I have a portfolio that is tilted to small-cap and value for the past say 15 years or so. My personal experience is SCV is not a buy-and-hold portfolio. And it is not a buy, hold, rebalance-based-on-the-calendar portfolio. For one to expect SCV to outperform a market-weight portfolio nowadays one h...
by Stubbie
Sat Jan 16, 2021 3:25 pm
Forum: Personal Finance (Not Investing)
Topic: Leaving FA - had the convo, could use some support!
Replies: 31
Views: 2817

Re: Leaving FA - had the convo, could use some support!

Do it now. Every month you wait only makes it more difficult.
by Stubbie
Sat Jan 16, 2021 8:56 am
Forum: Personal Finance (Not Investing)
Topic: YOLO vs BH
Replies: 97
Views: 9698

Re: YOLO vs BH

OP, this is a reprint of a post of mine from 2015. I hope you find it relevant to your dilemma (especially given the pandemic wake-up call of 2020): by protagonist » Thu Jul 30, 2015 10:39 am I'm 63. Last week I had a heart attack on the way to the airport to play music abroad. You can do everythin...
by Stubbie
Sat Jan 16, 2021 7:59 am
Forum: Investing - Theory, News & General
Topic: Start Date Sensitivity: A Potentially Important Variable Impacting Portfolios
Replies: 97
Views: 6422

Re: Start Date Sensitivity: A Potentially Important Variable Impacting Portfolios

The way I look at it, outperformance is better judged internally than externally. Compared to their own stated average returns, high beta portfolios are more likely to outperform with low stock valuations and underperform with high stock valuations. Basically, they're not very dependable. Truly div...
by Stubbie
Fri Jan 15, 2021 12:02 pm
Forum: Personal Finance (Not Investing)
Topic: Ugh Vanguard! May have to leave. They made a huge error.
Replies: 223
Views: 25532

Re: Ugh Vanguard! May have to leave. They made a huge error.

The only reason we're at Vanguard is if I pass or become mentally unable, my wife is instructed to work with PAS. If we were to move to Fidelity, Schwab, E-Trade, my biggest fear is their advisors would steer her into high costs plans. That used to be my plan also. Now my wife has been instructed t...
by Stubbie
Fri Jan 15, 2021 7:48 am
Forum: Personal Finance (Not Investing)
Topic: Ugh Vanguard! May have to leave. They made a huge error.
Replies: 223
Views: 25532

Re: Ugh Vanguard! May have to leave. They made a huge error.

Regarding the Bloomingdale's / Walmart comparison, since I was the one who made that statement originally, it wasn't so much directed specifically at you, just a general comment that much like shopping at Walmart vs Bloomingdale's, one has to realize that the low cost aspect that attracted the busi...
by Stubbie
Thu Jan 14, 2021 9:30 am
Forum: Personal Finance (Not Investing)
Topic: Ugh Vanguard! May have to leave. They made a huge error.
Replies: 223
Views: 25532

Re: Ugh Vanguard! May have to leave. They made a huge error.

The only reason we're at Vanguard is if I pass or become mentally unable, my wife is instructed to work with PAS. If we were to move to Fidelity, Schwab, E-Trade, my biggest fear is their advisors would steer her into high costs plans. That used to be my plan also. Now my wife has been instructed t...
by Stubbie
Thu Jan 14, 2021 9:16 am
Forum: Personal Consumer Issues
Topic: Should priority always be control of your life?
Replies: 33
Views: 2499

Re: Should priority always be control of your life?

jabberwockOG wrote: Thu Jan 14, 2021 8:44 am Like the man said "Don't confuse effort with results".
I think another one said "Don't confuse activity with accomplishment". Maybe it was the same guy.......
by Stubbie
Thu Jan 14, 2021 6:52 am
Forum: Personal Investments
Topic: Frustrating Experience with Vanguard Portfolio Watch Glitch
Replies: 16
Views: 1354

Re: Frustrating Experience with Vanguard Portfolio Watch Glitch

It's frustrating when something you depend upon lets you down, so I try not to depend upon the work of others for critical functions. Fool me once, shame on you.... I track my investments in Excel. If it's wrong or broke, I know who to blame. Fortunately I'm very understanding of my mistakes... whi...
by Stubbie
Thu Jan 14, 2021 6:47 am
Forum: Personal Consumer Issues
Topic: Regrets postponing retirement too long?
Replies: 171
Views: 15679

Re: Regrets postponing retirement too long?

Keep in mind that some of the people who waited too long can't respond to your question. They retired to the afterlife. If you have "enough"; enjoy life--and if that is work, then keep going; otherwise stop. Agree! We have a limited time on this earth. Spend it wisely. After "enough&...
by Stubbie
Thu Jan 14, 2021 6:24 am
Forum: Personal Consumer Issues
Topic: Should priority always be control of your life?
Replies: 33
Views: 2499

Re: Should priority always be control of your life?

Yeah, I have found working 10 hours a day to be successful (or more) can be pretty standard. On top of that you need to go after the certs or the masters degrees etc in your off time. It is a young persons game so get after it in your 20’s and get as much accomplished as possible. Commitment toward...
by Stubbie
Thu Jan 14, 2021 6:02 am
Forum: Personal Consumer Issues
Topic: Cloud storage services recommendation.
Replies: 18
Views: 1038

Re: Cloud storage services recommendation.

When you want to go to true backup, iDrive is hard to beat. I've used them for years. Look for a promo code for the first year of service.
by Stubbie
Wed Jan 13, 2021 11:48 am
Forum: Personal Consumer Issues
Topic: Any real world Tiny House experience here?
Replies: 29
Views: 2150

Re: Any real world Tiny House experience here?

I actually looked into purchasing one. What I found out is for the same amount of money, you can usually buy a 900-1000 square foot traditional home (or manufactured and then pieced together) that doesn't have all the restrictions and stigma that a lot of communities have against "tiny houses&q...
by Stubbie
Wed Jan 13, 2021 11:41 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity 2% Credit Card: [Update on Experiences, drops two benefits]
Replies: 167
Views: 12513

Re: Fidelity 2% Credit Card: Update on Any Issues or Experiences

Have had the card for years and it is great for a basic 2% cash back card. The only issue I ever had was trying to dispute a charge once. Had to actually call them instead of being able to do this online. It all got resolved but Chase and other card issuers make this process much easier.
by Stubbie
Wed Jan 13, 2021 11:33 am
Forum: Personal Investments
Topic: Opening a high yield savings account at an online-only bank as a FI/FIRE step
Replies: 37
Views: 2617

Re: Opening a high yield savings account at an online-only bank as a FI/FIRE step

+1 Ally. Great customer service. I also have a Fidelity cash management account. Write checks, ATM reimbursement, bill pay, great customer service. MM funds are not paying anything but you can buy a short term treasury fund or ETF to park your cash while you are waiting for that emergency if you don...
by Stubbie
Wed Jan 13, 2021 10:26 am
Forum: Personal Finance (Not Investing)
Topic: Re-Thinking Rewards Checking Accounts
Replies: 51
Views: 3791

Re: Re-Thinking Rewards Checking Accounts

I get those offers all the time, and I just ignore them. Am I passing up free money? Probably. Am I happier by passing it up? Definitely. I hate debit cards, and any attempt by a bank to encourage me to use debit cards instead of credit cards for my purchases just gets me annoyed. I with you here. ...
by Stubbie
Mon Jan 11, 2021 7:27 am
Forum: Personal Consumer Issues
Topic: Regrets postponing retirement too long?
Replies: 171
Views: 15679

Re: Regrets postponing retirement too long?

Retired at age 56 when I realized I had "enough". Was not miserable at my job but knew 2 colleagues who died of brain tumors a couple of years short of their retirement dates. Then, one of my best friends died of liver failure at age 58. After attending his memorial service, decided to pul...
by Stubbie
Sat Jan 09, 2021 2:32 pm
Forum: Forum Issues and Administration
Topic: Thank you moderators, site administrators
Replies: 45
Views: 5197

Re: Thank you moderators, site administrators

Bogleheads: This forum started out as the "Vanguard Diehard Forum" on Morningstar which has many forums. We soon became their most popular forum. I made over 25,000 posts on that forum. Unfortunately, the Morningstar forum was poorly moderated and began deteriorating. Many of us were unha...
by Stubbie
Sat Jan 09, 2021 2:21 pm
Forum: Personal Finance (Not Investing)
Topic: Ugh Vanguard! May have to leave. They made a huge error.
Replies: 223
Views: 25532

Re: Ugh Vanguard! May have to leave. They made a huge error.

I also have accounts with Fidelity and Vanguard and have always told my wife if something happens to me signup for PAS. Then I started thinking that maybe she should test drive it now to make sure it is a good solution for her vs waiting until I am gone and her finding out it doesn't work for her o...
by Stubbie
Sat Jan 09, 2021 11:58 am
Forum: Investing - Theory, News & General
Topic: Start Date Sensitivity: A Potentially Important Variable Impacting Portfolios
Replies: 97
Views: 6422

Re: Start Date Sensitivity: A Potentially Important Variable Impacting Portfolios

Tyler: I really appreciate the PC site and all of your work! Being retired, the two metrics that currently interest me most are Safe Withdrawal Rate and Perpetual Withdrawal Rate. It's great to have a large portfolio, but without have a reasonable way to determine how much you can safely withdraw ev...
by Stubbie
Sat Jan 09, 2021 8:18 am
Forum: Personal Finance (Not Investing)
Topic: Ugh Vanguard! May have to leave. They made a huge error.
Replies: 223
Views: 25532

Re: Ugh Vanguard! May have to leave. They made a huge error.

I read this thread with great interest. I currently have accounts at Fidelity, Schwab, Merrill Edge, and Vanguard. I opened the Vanguard accounts to establish a relationship with them in case something happens to me and my wife has to manage all of the financial assets. The thought was to direct her...
by Stubbie
Fri Nov 13, 2020 7:47 am
Forum: Investing - Theory, News & General
Topic: Taylor Sends His Best to Fellow Bogleheads
Replies: 334
Views: 26750

Re: Taylor Sends His Best to Fellow Bogleheads

Wishing you the best, Taylor.
I really appreciate your wisdom and all you have done for this forum.
:happy
by Stubbie
Sat Oct 17, 2020 4:49 pm
Forum: Investing - Theory, News & General
Topic: Anybody here trying Coast FIRE?
Replies: 326
Views: 30403

Re: Anybody here trying Coast FIRE?

I'm doing the type of 'FIRE' where I just live off the income from the side hustle I got with all my free time... It's not bad at all, only about 40 hours a week, covers medical insurance and social security, and is a nice break from all the blogging involved with other types of FIRE. I don't mind ...
by Stubbie
Sun Oct 04, 2020 1:45 pm
Forum: Investing - Theory, News & General
Topic: Variable Percentage Withdrawal (VPW)
Replies: 1125
Views: 370264

Re: Variable Percentage Withdrawal (VPW)

Another planning approach is to only include the survivor pension amount, in the worksheet, instead of the full amount when both are alive. This eliminates the income drop on the first death, but it's likely to lead to extra (unplanned for) income when pensions start and for as long as both are ali...
by Stubbie
Mon Aug 10, 2020 10:13 pm
Forum: Personal Finance (Not Investing)
Topic: What did you do when you won the game? Edited
Replies: 53
Views: 6821

Re: What did you do when you won the game? Edited

After the game was won, I celebrated with friends and family, retired from my job, and have occupied my time doing exactly what I want every day. My stress level is nil, my relationships have taken on a much deeper level, I have unlimited time for my grand-kid, and I pursue knowledge for its own sa...
by Stubbie
Mon Aug 10, 2020 7:45 pm
Forum: Investing - Theory, News & General
Topic: Variable Percentage Withdrawal (VPW)
Replies: 1125
Views: 370264

Re: Variable Percentage Withdrawal (VPW)

Another planning approach is to only include the survivor pension amount, in the worksheet, instead of the full amount when both are alive. This eliminates the income drop on the first death, but it's likely to lead to extra (unplanned for) income when pensions start and for as long as both are ali...
by Stubbie
Mon Aug 10, 2020 7:07 pm
Forum: Personal Finance (Not Investing)
Topic: What did you do when you won the game? Edited
Replies: 53
Views: 6821

Re: What did you do when you won the game? Edited

After the game was won, I celebrated with friends and family, retired from my job, and have occupied my time doing exactly what I want every day. My stress level is nil, my relationships have taken on a much deeper level, I have unlimited time for my grand-kid, and I pursue knowledge for its own sak...