Search found 6990 matches

by Leesbro63
Mon Apr 12, 2021 1:16 pm
Forum: Personal Investments
Topic: ETF For Cybercurrency If Asset Class
Replies: 21
Views: 1220

Re: ETF For Cybercurrency If Asset Class

So there is not yet a Boglehead way to own a small percentage in case this really IS an asset class? You can buy crypto directly from a few apps. I personally do not by any crypto, but I know some popular apps to buy crypto like Bitcoin are Coinbase, Robinhood, Cash App, Paypal. I have no experienc...
by Leesbro63
Mon Apr 12, 2021 11:11 am
Forum: Personal Investments
Topic: ETF For Cybercurrency If Asset Class
Replies: 21
Views: 1220

Re: ETF For Cybercurrency If Asset Class

So there is not yet a Boglehead way to own a small percentage in case this really IS an asset class?
by Leesbro63
Mon Apr 12, 2021 8:54 am
Forum: Personal Investments
Topic: ETF For Cybercurrency If Asset Class
Replies: 21
Views: 1220

ETF For Cybercurrency If Asset Class

OK, I am starting to wonder if maybe this whole "crazy Bitcoin thing" (or, cybercurrencies, more generally), might not actually now be a real asset class. And if so, what ETF(s) would an index investor consider for a sliver of his/her nest egg?
by Leesbro63
Mon Apr 12, 2021 8:33 am
Forum: Investing - Theory, News & General
Topic: Another 2.8% SWR Article Quoting Wade Pfau
Replies: 166
Views: 9124

Re: Another 2.8% SWR Article Quoting Wade Pfau

SeasOfCheese wrote: Mon Apr 12, 2021 8:30 am "There is no way to retire safely, keep working and paying taxes." - US Government.

"There is no way to retire safely, keep saving and paying 1.67% AUM+ER fees." - Wall St.

Did I get that correct?
+1. Excellent!
by Leesbro63
Sun Apr 11, 2021 9:50 am
Forum: Investing - Theory, News & General
Topic: Another 2.8% SWR Article Quoting Wade Pfau
Replies: 166
Views: 9124

Another 2.8% SWR Article Quoting Wade Pfau

I hesitate to start yet another "4% won't work" SWR thread, but I saw this WSJ article and think anything quoting Wade Pfau will be of interest to Bogleheads: https://www.wsj.com/articles/retirement-nest-egg-11617929631 "Wade Pfau, a professor at the American College of Financial Serv...
by Leesbro63
Fri Apr 09, 2021 9:02 am
Forum: Personal Finance (Not Investing)
Topic: Old Stock - Solid State Scientific Corp
Replies: 1
Views: 240

Old Stock - Solid State Scientific Corp

A friend of mine asked me to research this for her. She has a receipt for interest (yes, not a dividend by interest) from 1984 for a company called Solid State Scientific Inc. The receipt shows this interest was paid to her mother, as custodian for her via a UGMA, even though she was born in 1946 an...
by Leesbro63
Sun Apr 04, 2021 11:54 am
Forum: Personal Consumer Issues
Topic: "V" Rated Tired vs "H" Rated Tire
Replies: 12
Views: 939

Re: "V" Rated Tired vs "H" Rated Tire

Mainly because I'm in Pittsburgh and I can't find a tire yet that lasts past 25,000 miles here. What is it about Pittsburgh that is unusually hard on tires? Winter, hills, potholes, hills, bad roads, hills and hills. I fully fess up that there are better drivers who get longer tire life than me, bu...
by Leesbro63
Sun Apr 04, 2021 11:19 am
Forum: Personal Consumer Issues
Topic: "V" Rated Tired vs "H" Rated Tire
Replies: 12
Views: 939

Re: "V" Rated Tired vs "H" Rated Tire

Mainly because I'm in Pittsburgh and I can't find a tire yet that lasts past 25,000 miles here. What is it about Pittsburgh that is unusually hard on tires? Winter, hills, potholes, hills, bad roads, hills and hills. I fully fess up that there are better drivers who get longer tire life than me, bu...
by Leesbro63
Sun Apr 04, 2021 10:42 am
Forum: Personal Consumer Issues
Topic: "V" Rated Tired vs "H" Rated Tire
Replies: 12
Views: 939

Re: "V" Rated Tired vs "H" Rated Tire

If your relying on the wear guarantee to get a second set.... I expect putting on H rated will void that plan. In real life they are fine. Yeah, I think that's right. If I want to be sure to get the pro-rata effective low price when they wear out in 20,000 miles, I'll need to stick to the "V&q...
by Leesbro63
Sun Apr 04, 2021 9:52 am
Forum: Personal Consumer Issues
Topic: "V" Rated Tired vs "H" Rated Tire
Replies: 12
Views: 939

"V" Rated Tired vs "H" Rated Tire

I'm driving a 2020 Lexus RX350 with Bridgestone Ecopia 235/55/R20 102V OEM tires at 6000 miles. I'm not happy with them for a number of reasons, including wear. I've decided that rather than fight with the dealer, I'll just buy new tires. I was thinking of putting on Pirelli Scorpion Verde All Seaso...
by Leesbro63
Sat Apr 03, 2021 12:03 pm
Forum: Personal Investments
Topic: What Are You Doing Given Record Stock Market Highs and What Is Your Situation?
Replies: 120
Views: 12575

Re: What Are You Doing Given Record Stock Market Highs and What Is Your Situation?

I remember when the market hit 50+ all time highs in 2013. That’s what markets do. My ISP now says “never sell equity” for over 2 years now. As most of my nest egg is taxable, and I have large capital gains, my ISP is pretty much this too. I need to formalize that. My ISP is actually 55/45, but I'v...
by Leesbro63
Fri Apr 02, 2021 1:33 pm
Forum: Personal Consumer Issues
Topic: Honda CRV-Satellite Radio
Replies: 2
Views: 325

Honda CRV-Satellite Radio

A good friend is looking for a new 2021 Honda CR-V. Their old 2013 CR-V (base model) does not have SiriusXM satellite radio and it was complicated to install it...so they never did. They want it for the new car. Do all CRVs come with it? It would be better if it's factory installed and ready to go. ...
by Leesbro63
Wed Mar 31, 2021 11:15 am
Forum: Personal Finance (Not Investing)
Topic: Federal Income Tax Safe Harbor For Engaged Couple
Replies: 1
Views: 217

Federal Income Tax Safe Harbor For Engaged Couple

How does the Federal Income Tax "safe harbor" work for an engaged couple? The prospective groom is a big earner and the prospective wife earns about $50,000. Will the groom's original safe harbor number (110% of prior year taxes) also safe harbor the couple (getting married before 12/31/21...
by Leesbro63
Tue Mar 30, 2021 10:07 am
Forum: Investing - Theory, News & General
Topic: Question About Retiring in 1966
Replies: 48
Views: 4392

Re: Question About Retiring in 1966

Frugality is part of the Boglehead Philosophy. I don't think that's quite right. I think "value" is the better way to describe it. And you can drive a Lexus, for instance, and still subscribe to value. You might have negative associations with the word "frugal," but we might not...
by Leesbro63
Mon Mar 29, 2021 1:49 pm
Forum: Investing - Theory, News & General
Topic: Question About Retiring in 1966
Replies: 48
Views: 4392

Re: Question About Retiring in 1966

Frugality is part of the Boglehead Philosophy. I don't think that's quite right. I think "value" is the better way to describe it. And you can drive a Lexus, for instance, and still subscribe to value. Sure, no one said otherwise. The difference is Bogleheads buy the Lexus with cash, and ...
by Leesbro63
Mon Mar 29, 2021 1:35 pm
Forum: Investing - Theory, News & General
Topic: Question About Retiring in 1966
Replies: 48
Views: 4392

Re: Question About Retiring in 1966

wolf359 wrote: Mon Mar 29, 2021 1:07 pm
Frugality is part of the Boglehead Philosophy.
I don't think that's quite right. I think "value" is the better way to describe it. And you can drive a Lexus, for instance, and still subscribe to value.
by Leesbro63
Mon Mar 29, 2021 12:38 pm
Forum: Personal Consumer Issues
Topic: Why are Subarus so popular?
Replies: 114
Views: 6218

Re: Why are Subarus so popular?

We recently purchased a 2021 Crosstrek. I also own a 2020 Lexus RX350. The Crosstrek was about half the price and is 85% the vehicle . Yeah, I know it's an apples to oranges comparision. But my point is that it has Toyota quality, AWD utility (we're in Pittsburgh...'nuff said") and state of ar...
by Leesbro63
Mon Mar 29, 2021 12:00 pm
Forum: Investing - Theory, News & General
Topic: Question About Retiring in 1966
Replies: 48
Views: 4392

Re: Question About Retiring in 1966

Good point. This is something that has struck me about this forum, is how cautious people are, in general, about "having enough" to take their foot off the gas when it comes to working. I think that generally that's a good thing, but it's also worthwhile to step back occasionally and real...
by Leesbro63
Mon Mar 29, 2021 11:54 am
Forum: Investing - Theory, News & General
Topic: Question About Retiring in 1966
Replies: 48
Views: 4392

Re: Question About Retiring in 1966

Low bond yields isn't what killed the 1966 retiree (bond rates were even lower in the 1940s and 1950s). What killed them was the high inflation (even double-digit a few years) in the late 70s and early 1980s. I'm the original poster and that is exactly why I posted this thread. Trying to review wha...
by Leesbro63
Mon Mar 29, 2021 11:53 am
Forum: Personal Consumer Issues
Topic: Why are Subarus so popular?
Replies: 114
Views: 6218

Re: Why are Subarus so popular?

We recently purchased a 2021 Crosstrek. I also own a 2020 Lexus RX350. The Crosstrek was about half the price and is 85% the vehicle. Yeah, I know it's an apples to oranges comparision. But my point is that it has Toyota quality, AWD utility (we're in Pittsburgh...'nuff said") and state of art ...
by Leesbro63
Sun Mar 28, 2021 10:42 am
Forum: Investing - Theory, News & General
Topic: 4% rule disputed (Again??!!)
Replies: 421
Views: 29548

Re: 4% rule disputed (Again??!!)

One thing that's bothered me is the discrepancy between people who retired in 1928 and 1929 or those who retired in 1999 versus 2000 or 2007 versus 2008. In other words, if you have $2,000,000 on the earlier of those dates and begin withdrawing $80,000, why can't the person who has $1,500,000 (just ...
by Leesbro63
Sat Mar 27, 2021 2:21 pm
Forum: Personal Consumer Issues
Topic: Car in Hawaii For One Year
Replies: 35
Views: 2264

Re: Car in Hawaii For One Year

Brianmcg321 wrote: Sat Mar 27, 2021 2:19 pm
ncbill wrote: Sat Mar 27, 2021 1:24 pm Just ask Higgins if you can borrow the Ferrari...
Lol. Now that was funny.
Agreed! +1
by Leesbro63
Sat Mar 27, 2021 12:02 pm
Forum: Personal Consumer Issues
Topic: Car in Hawaii For One Year
Replies: 35
Views: 2264

Re: Car in Hawaii For One Year

Related question: The car won’t be needed after the 1 year in Hawaii. It’s a 2014 Corolla in good shape. A friend insists it will fetch a lot more if sold in Hawaii. I’m skeptical.

Do used cars fetch more in Hawaii than apples to apples same cars on the mainland?
by Leesbro63
Sat Mar 27, 2021 10:27 am
Forum: Personal Consumer Issues
Topic: Car in Hawaii For One Year
Replies: 35
Views: 2264

Car in Hawaii For One Year

A close relative is going to Hawaii for 1 year for work. His employer will pay to ship his Pennsylvania-registered car both ways. Hawaii says he can do that and maintain his PA registration for that period, but must have front and back license plates. PA only issues one (rear) plate. What’s the easi...
by Leesbro63
Fri Mar 26, 2021 4:31 pm
Forum: Investing - Theory, News & General
Topic: Question About Retiring in 1966
Replies: 48
Views: 4392

Re: Question About Retiring in 1966

Agree. There are so many "you can't predict the future" posts on bogleheads you could pave the road to perdition with them. When you are trying to decide if you can retire, you HAVE to predict the future. Or just keep working. I pity the fools that keep working until they are at 50x just ...
by Leesbro63
Fri Mar 26, 2021 1:46 pm
Forum: Personal Finance (Not Investing)
Topic: Car Loan at .9%?
Replies: 70
Views: 4678

Re: Car Loan at .9%?

Having sold cars for years I can see how some of you are a bit out of your element. Dealers make their money on the finance side, plain and simple. At the end of the day the market dictates the actual selling price of the car. A brand like Toyota has so many dealerships that a monkey can buy any mo...
by Leesbro63
Fri Mar 26, 2021 11:21 am
Forum: Personal Finance (Not Investing)
Topic: Car Loan at .9%?
Replies: 70
Views: 4678

Re: Car Loan at .9%?

What’s the REAL price if you pay cash?
by Leesbro63
Thu Mar 25, 2021 5:30 pm
Forum: Investing - Theory, News & General
Topic: Question About Retiring in 1966
Replies: 48
Views: 4392

Re: Question About Retiring in 1966

You are fooling yourself if you think you can predict the future by manipulating these historical numbers. Entirely different market, different economy, different wealth distribution, different demographics, different legislative environment, different kinds of people driving stock price discovery,...
by Leesbro63
Wed Mar 24, 2021 3:42 pm
Forum: Investing - Theory, News & General
Topic: Question About Retiring in 1966
Replies: 48
Views: 4392

Re: Question About Retiring in 1966

https://earlyretirementnow.com/2017/05/24/the-ultimate-guide-to-safe-withdrawal-rates-part-15-sequence-of-return-risk-part2/ I think the worst month is Dec 1968... I don' tknow about a 50/50 portfolio but per ERNs analysis, 3.8% would have worked with a 80/20 porfolio... Higher bonds (and longer bo...
by Leesbro63
Wed Mar 24, 2021 3:36 pm
Forum: Investing - Theory, News & General
Topic: Question About Retiring in 1966
Replies: 48
Views: 4392

Re: Question About Retiring in 1966

I have no data, but I doubt many invested in 1966 like we do now. I think most probably relied on their company pension (if the company provided one), company stock (if the company offered a stock purchase program, typically only to salaried employees), social security, and family. I was two years ...
by Leesbro63
Wed Mar 24, 2021 3:35 pm
Forum: Investing - Theory, News & General
Topic: Question About Retiring in 1966
Replies: 48
Views: 4392

Re: Question About Retiring in 1966

As we regulars know, there's a new "4% won't work anymore" thread about every few days on here. I've been thinking about this. I know that the worst period for the 4% retiree was for those retiring in 1966. How did the 1966 retiree, who lived until 1996, do, in real terms, with a 50/50 po...
by Leesbro63
Wed Mar 24, 2021 3:32 pm
Forum: Investing - Theory, News & General
Topic: Question About Retiring in 1966
Replies: 48
Views: 4392

Re: Question About Retiring in 1966

Could you please run the numbers using a 3% plus inflation rate? Thank you. I'm guessing that this could be the sweet spot for those of us concerned that 4% will deplete the portfolio during a 30 year retirement, without dying as the richest man in the cemetery by limiting withdrawals to 2%. The in...
by Leesbro63
Wed Mar 24, 2021 2:25 pm
Forum: Investing - Theory, News & General
Topic: 4% rule disputed (Again??!!)
Replies: 421
Views: 29548

Re: 4% rule disputed (Again??!!)

I started another thread inquiring about using a 2% plus inflation withdrawal rate starting in 1966. Poster "FactualFan" posted this (below), which is fascinating, and highlights the huge safety factor for those of us concerned about a dwindling portfolio through a 30 year retirement: &quo...
by Leesbro63
Wed Mar 24, 2021 2:21 pm
Forum: Investing - Theory, News & General
Topic: Question About Retiring in 1966
Replies: 48
Views: 4392

Re: Question About Retiring in 1966

Doing the calculations as Bengen did, but using the actual return data for the years after 1992 that Bengen did not have when he did the calculations, after 30 years of withdrawals, the inflation-adjusted balance would have been 8.5 times the initial balance when using an initial withdrawal rate of...
by Leesbro63
Wed Mar 24, 2021 11:38 am
Forum: Investing - Theory, News & General
Topic: 4% rule disputed (Again??!!)
Replies: 421
Views: 29548

Re: 4% rule disputed (Again??!!)

Oh sure. But I think a big bear market even after 10 years for anyone with a high equity percentage is going to be a shock. Suppose you are pulling a mere 2% + inflation adjustment. Between the draw, the impact of inflation on the overall portfolio balance, and a big hit to your equity, the balance...
by Leesbro63
Wed Mar 24, 2021 11:35 am
Forum: Investing - Theory, News & General
Topic: Question About Retiring in 1966
Replies: 48
Views: 4392

Re: Question About Retiring in 1966

https://earlyretirementnow.com/2017/05/24/the-ultimate-guide-to-safe-withdrawal-rates-part-15-sequence-of-return-risk-part2/ I think the worst month is Dec 1968... I don' tknow about a 50/50 portfolio but per ERNs analysis, 3.8% would have worked with a 80/20 porfolio... Higher bonds (and longer bo...
by Leesbro63
Wed Mar 24, 2021 11:34 am
Forum: Personal Investments
Topic: The Difference Between 2 Vanguard Money Market Funds
Replies: 2
Views: 463

The Difference Between 2 Vanguard Money Market Funds

My brother noticed that he has both VMMXX, Vanguard Cash Reserves Federal Money Market Fund as well as the default VMFXX Vanguard Federal Money Market Fund (settlement fund). Something changed from something else to become one or both of those funds. What's going on here and does he need both? Both ...
by Leesbro63
Wed Mar 24, 2021 11:24 am
Forum: Investing - Theory, News & General
Topic: Question About Retiring in 1966
Replies: 48
Views: 4392

Re: Question About Retiring in 1966

https://earlyretirementnow.com/2017/05/24/the-ultimate-guide-to-safe-withdrawal-rates-part-15-sequence-of-return-risk-part2/ I think the worst month is Dec 1968... I don' tknow about a 50/50 portfolio but per ERNs analysis, 3.8% would have worked with a 80/20 porfolio... Higher bonds (and longer bo...
by Leesbro63
Wed Mar 24, 2021 11:11 am
Forum: Personal Finance (Not Investing)
Topic: [Third stimulus payment - mega-thread]
Replies: 362
Views: 25871

Re: [Third stimulus payment - mega-thread]

For reference, I was an original poster to one of the threads merged into this one. It was about how my parents qualified for all 3 stimulus checks but didn't get number three. Just to reconcile my post, it showed up today. It's still not clear who got what when and why, but for what it's worth, the...
by Leesbro63
Wed Mar 24, 2021 11:08 am
Forum: Investing - Theory, News & General
Topic: Question About Retiring in 1966
Replies: 48
Views: 4392

Question About Retiring in 1966

As we regulars know, there's a new "4% won't work anymore" thread about every few days on here. I've been thinking about this. I know that the worst period for the 4% retiree was for those retiring in 1966. How did the 1966 retiree, who lived until 1996, do, in real terms, with a 50/50 por...
by Leesbro63
Wed Mar 24, 2021 11:03 am
Forum: Investing - Theory, News & General
Topic: 4% rule disputed (Again??!!)
Replies: 421
Views: 29548

Re: 4% rule disputed (Again??!!)

Oh sure. But I think a big bear market even after 10 years for anyone with a high equity percentage is going to be a shock. Suppose you are pulling a mere 2% + inflation adjustment. Between the draw, the impact of inflation on the overall portfolio balance, and a big hit to your equity, the balance...
by Leesbro63
Tue Mar 23, 2021 4:18 pm
Forum: Investing - Theory, News & General
Topic: 4% rule disputed (Again??!!)
Replies: 421
Views: 29548

Re: 4% rule disputed (Again??!!)

Seems there's a cult-like subculture on Bogleheads insisting 4% SWR is too high. Seems to reflect the inherent conservatism of Bogleheads rather than any empirical studies. I think the issue is this, which isn't discussed much: many (most?) of us are uncomfortable with a "declining balance&quo...
by Leesbro63
Tue Mar 23, 2021 10:36 am
Forum: Personal Consumer Issues
Topic: People with Covid-19 vaccination record cards: where are you keeping them?
Replies: 163
Views: 13891

Re: People with Covid-19 vaccination record cards: where are you keeping them?

I know this is SOMEWHAT off topic, but isn't it odd that in 2021 we are relying on paper cards with stickers and rubber stamps to prove we have been vaccinated? Can't they link your vax to your driver's license number, electronically, or to your Social Security number? Even if it's just done volunta...
by Leesbro63
Tue Mar 23, 2021 9:35 am
Forum: Investing - Theory, News & General
Topic: 4% rule disputed (Again??!!)
Replies: 421
Views: 29548

Re: 4% rule disputed (Again??!!)

Seems there's a cult-like subculture on Bogleheads insisting 4% SWR is too high. Seems to reflect the inherent conservatism of Bogleheads rather than any empirical studies. I think the issue is this, which isn't discussed much: many (most?) of us are uncomfortable with a "declining balance&quo...
by Leesbro63
Tue Mar 23, 2021 8:59 am
Forum: Personal Investments
Topic: Considering $1M conversion from TIRA to my Roth. Talk me out of it!
Replies: 58
Views: 4587

Re: Considering $1M conversion from TIRA to my Roth. Talk me out of it!

I had a similar, but not same situation when I was 50 in 2010. At that time, conversions first became available for high income taxpayers. My concern was that tax rates would be higher in the future. But there was also talk of a flat sakes tax and low or no income tax. Which would have made Roth con...
by Leesbro63
Mon Mar 22, 2021 5:18 pm
Forum: Personal Investments
Topic: When Does VNQ (Vanguard REIT Index Fund ETF) Go Ex-Div?
Replies: 2
Views: 253

Re: When Does VNQ (Vanguard REIT Index Fund ETF) Go Ex-Div?

I missed that entirely. Very useful, thank you.
by Leesbro63
Mon Mar 22, 2021 5:13 pm
Forum: Personal Investments
Topic: When Does VNQ (Vanguard REIT Index Fund ETF) Go Ex-Div?
Replies: 2
Views: 253

When Does VNQ (Vanguard REIT Index Fund ETF) Go Ex-Div?

I'm trying to figure out when VNQ (Vanguard REIT Index Fund ETF) goes ex-dividend. It was March 10th in 2020, March 28th in 2019 and March 26th in 2018 and March 22nd in 2017. You'd think this info would be readily available on the Vanguard site, but I haven't been able to find it, if it is.
by Leesbro63
Mon Mar 22, 2021 2:39 pm
Forum: Investing - Theory, News & General
Topic: A different perspective on inflation
Replies: 25
Views: 2392

Re: A different perspective on inflation

I come to store - I see food prices up. I come to pump - gas prices up. This is inflation. If one doesn't see prices up - either lives in another universe or too rich to pay attention to prices. I don't know what really cause food prices up. Maybe people less going out since last year and more prep...
by Leesbro63
Sat Mar 20, 2021 6:52 am
Forum: Personal Investments
Topic: Might It Make Sense For Foreign Index Fund In IRA?
Replies: 10
Views: 932

Might It Make Sense For Foreign Index Fund In IRA?

On one of the tax threads, our tax expert Grabiner pointed out that maybe it makes sense to put index funds that pay a foreign tax into an IRA (or other tax-sheltered account). My thinking was that you lose the foreign tax credit, so this doesn't make sense. (The original poster suggested doing this...
by Leesbro63
Sat Mar 20, 2021 4:46 am
Forum: Personal Finance (Not Investing)
Topic: More Form 1116 eFile Issues - TurboTax
Replies: 18
Views: 1705

Re: More Form 1116 eFile Issues - TurboTax

this form is the bane of taxable foreign index funds, i moved what i could to tax-deferred, now I'm <$300 but still seems like this form 1116 never goes away? and/or I'm supposed to now carry backwards or lose $100 or carryforward, and can only do it the 1st year, by amending 1040 from 2019 tax yea...