Search found 2323 matches

by wolf359
Mon Apr 12, 2021 10:22 am
Forum: Personal Investments
Topic: Question on simultaneous 72t & Roth ladder
Replies: 23
Views: 1425

Re: Question on simultaneous 72t & Roth ladder

This is a complicated plan, and there are a lot of moving parts. You don't know what you don't know, and there may be things you are not considering. Given the high cost of getting it wrong, and because you won't be able to change things once you commit to a 72T plan, I'd strongly suggest you consul...
by wolf359
Wed Apr 07, 2021 2:17 pm
Forum: Personal Investments
Topic: Suddenly retired; Read the book; Have questions!
Replies: 21
Views: 3192

Re: Suddenly retired; Read the book; Have questions!

You may want to format your question in the following manner: https://www.bogleheads.org/forum/viewtopic.php?t=6212 This would allow us to know specifically what your situation is, and how to best advise you to proceed. It also lays out all your assets, income, and expenses in a standardized format,...
by wolf359
Tue Apr 06, 2021 2:09 pm
Forum: Personal Finance (Not Investing)
Topic: Too early to retire?
Replies: 53
Views: 6838

Re: Too early to retire?

Basically, you have enough to retire if you really had to. However, you're relatively young, and although you're burnt out, you don't really have to retire right now. I suggest that instead of retiring, you take the opportunity to PREPARE to retire. Start exploring activities for how you'll fill you...
by wolf359
Tue Apr 06, 2021 12:13 pm
Forum: Personal Finance (Not Investing)
Topic: Anyways to improve financial aid?
Replies: 70
Views: 3659

Re: Anyways to improve financial aid?

I have a child that is a freshman in high school now and am looking for any strategies to improve his chances of financial aid. I think we make too much to qualify. Income is about 150k, AGI is 125k but most of that gets added back in for FAFSA. House and cars are paid for and all assets get moved ...
by wolf359
Mon Apr 05, 2021 12:27 pm
Forum: Personal Consumer Issues
Topic: Costco/Kirkland Premium Paper Towels (Roll Size?)
Replies: 12
Views: 1385

Re: Costco/Kirkland Premium Paper Towels (Roll Size?)

Thank you for confirming that it wasn't my imagination. I suspected something along those lines was the reason or just another example of the industry-wide packaging trend where we are getting less for the same price. Thanks again. Nope. Costco was very upfront about this change. They also reduced ...
by wolf359
Sun Apr 04, 2021 9:57 am
Forum: Personal Investments
Topic: Fundrise Review?
Replies: 11
Views: 1240

Re: Fundrise Review?

Unlike Fundrise, you can liquidate O very easily, any time you want, by selling the stock. All the financial information is readily available. The stock is registered with the SEC, and it has to follow all financial disclosure rules. The properties it owns are extremely conservative, primarily sing...
by wolf359
Sun Apr 04, 2021 9:05 am
Forum: Investing - Theory, News & General
Topic: What am I missing? Don't max out your 401k.
Replies: 80
Views: 10518

Re: What am I missing? Don't max out your 401k.

I say you only contribute for what you get match for , then in roth IRA and leftover in taxable account . you never know what oppurtunities you can find in the open market generally not available in 401k . If you change jobs, you can take the 401-k from a former employer and convert it to an IRA. I...
by wolf359
Sat Apr 03, 2021 7:28 am
Forum: Personal Investments
Topic: Considering retirement
Replies: 26
Views: 2874

Re: Considering retirement

Taxable Assets: $1.75 M in brokerage accounts These assets were also recently inherited and consist mostly of individual stocks representing Large US companies with a focus on dividends. I would like to move them to a Vanguard 3 fund portfolio in the future but I am not in a major hurry to do so. I...
by wolf359
Sat Apr 03, 2021 7:07 am
Forum: Personal Consumer Issues
Topic: Would you give money to close friends to live in same neighborhood?
Replies: 45
Views: 2943

Re: Would you give money to close friends to live in same neighborhood?

$5-15k is couch/pocket change when it comes to homes. If that somehow enables them to get in to a home that they wouldn’t have been able to get otherwise then they must be at the top of what the bank says they can borrow and most certainly can’t afford it. Give them $15k as a gift but not if it is ...
by wolf359
Sat Apr 03, 2021 7:00 am
Forum: Personal Consumer Issues
Topic: big box stores for fruit trees?
Replies: 10
Views: 1008

Re: big box stores for fruit trees?

It is possible to buy directly from reputable nurseries and have them ship the product to you. We have done that successfully multiple times. This allows you to pick from the highest rated suppliers in the US, not just the nurseries closest to you. You may pay more in shipping, but the quality and s...
by wolf359
Sat Apr 03, 2021 6:54 am
Forum: Personal Investments
Topic: Lump sum vs. Annuity...it's time to decide - need some help!
Replies: 25
Views: 2268

Re: Lump sum vs. Annuity...it's time to decide - need some help!

Questions about your pension: 1) How much do they give you for a pension that is you only, without a survivorship benefit? Sometimes it is a better deal to select that benefit, get a higher income, and use that difference to pay for a whole life insurance policy that provides enough to replace the p...
by wolf359
Sat Apr 03, 2021 6:41 am
Forum: Investing - Theory, News & General
Topic: What am I missing? Don't max out your 401k.
Replies: 80
Views: 10518

Re: What am I missing? Don't max out your 401k.

I say you only contribute for what you get match for , then in roth IRA and leftover in taxable account . you never know what oppurtunities you can find in the open market generally not available in 401k . If you change jobs, you can take the 401-k from a former employer and convert it to an IRA. I...
by wolf359
Fri Apr 02, 2021 10:47 pm
Forum: Personal Investments
Topic: Fundrise Review?
Replies: 11
Views: 1240

Re: Fundrise Review?

I don't get it. Isn't Fundrise essentially a private REIT? For those not familiar with the term, private REITs are real estate funds or companies that are exempt from SEC registration and whose shares do not trade on national stock exchanges. Essentially it means that funds are illiquid, fees are le...
by wolf359
Thu Apr 01, 2021 4:49 pm
Forum: Personal Finance (Not Investing)
Topic: Setting up Your Retirement Paycheck?
Replies: 14
Views: 1925

Re: Setting up Your Retirement Paycheck?

I'm retiring very soon. My last paycheck will arrive several weeks from now. Did you set up some kind of "cash account bucket" to pull from to replace your paycheck in order to pay bills? I have had a steady paycheck, in one form or another, since 1983, kind of freaking out here for a min...
by wolf359
Thu Apr 01, 2021 6:58 am
Forum: Investing - Theory, News & General
Topic: What am I missing? Don't max out your 401k.
Replies: 80
Views: 10518

Re: What am I missing? Don't max out your 401k.

The linked article discusses the video. The two are not from the same author. The article notes a lot of inaccuracies in the video, but also concedes that the case for the 401k isn't as strong as most people perceive. There is a point in which you can have too much in the traditional 401k. If you've...
by wolf359
Wed Mar 31, 2021 9:26 pm
Forum: Personal Consumer Issues
Topic: exipred / obsolete propane jugs
Replies: 58
Views: 3918

Re: exipred / obsolete propane jugs

You have multiple choices when refilling a propane tank. 1) You can exchange the tank for a pre-filled tank for a set price. The industry standard is to provide 15 lbs of propane in the tank. This is your most expensive option. However, they will let you trade in any tank. As part of their business ...
by wolf359
Wed Mar 31, 2021 9:05 pm
Forum: Personal Consumer Issues
Topic: exipred / obsolete propane jugs
Replies: 58
Views: 3918

Re: exipred / obsolete propane jugs

I have exchanged mine @home depot or gas stations with cages outside. They never look at what I am exchanging. Very unethical and probably illegal Is it unethical that the companies that do exchanges sell you underfilled tanks: a 20 lb tank with 15 lbs of propane? That profit margin lets them take ...
by wolf359
Wed Mar 31, 2021 8:56 pm
Forum: Investing - Theory, News & General
Topic: Small Cap Value heads Rejoice !!!
Replies: 4408
Views: 338708

Re: Small Cap Value heads Rejoice !!!

Am working on my IPS and decided to lock-in 50/50 AVUV/AVDV. Love the simplicity down to two ETFs. Am I really missing much by not tilting to AVEM, considering that ETF's exposure to emerging market SCV is so low? If the small cap value premium continues to exist world-wide, I don't think an emergi...
by wolf359
Wed Mar 31, 2021 2:50 pm
Forum: Personal Investments
Topic: short term strategy for a lot of cash
Replies: 29
Views: 3623

Re: short term strategy for a lot of cash

3.5 + 1.4 = 4.9 I would just invest it in my 60/40 asset allocation because if it lost any money, then it would just not matter. If I needed $500K to $1000K to buy a home, I would have no qualms selling off part of a retirement portfolio to do so. +1 If you invest $4.9M, you could safely withdraw $...
by wolf359
Wed Mar 31, 2021 2:10 pm
Forum: Investing - Theory, News & General
Topic: For those using a Roth IRA since the beginning (1998?), what's your balance? (Come on, we're anonymous)
Replies: 68
Views: 6390

Re: For those using a Roth IRA since the beginning (1998?), what's your balance? (Come on, we're anonymous)

I started in 1998. But I missed about 10 years of contributions, because I didn’t know about the backdoor Roth IRA. My balance is right at 100K. Backdoor Roth IRA only became available in 2010. Not sure if you meant that you were contributing starting in 1998 but hit the income limits in 2011, or i...
by wolf359
Tue Mar 30, 2021 10:02 am
Forum: Investing - Theory, News & General
Topic: Question About Retiring in 1966
Replies: 48
Views: 4429

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 wolf359
Mon Mar 29, 2021 1:07 pm
Forum: Investing - Theory, News & General
Topic: Question About Retiring in 1966
Replies: 48
Views: 4429

Re: Question About Retiring in 1966

This kinda just changed the discussion. From SWRs to "become more like the Mister Money Mustache crowd". About the reward of not having to work as much or as long by accepting frugality. And for many that's a good tradeoff. But a different discussion. Frugality is part of the Boglehead Ph...
by wolf359
Mon Mar 29, 2021 12:56 pm
Forum: Investing - Theory, News & General
Topic: Question About Retiring in 1966
Replies: 48
Views: 4429

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 wolf359
Fri Mar 26, 2021 7:57 pm
Forum: Personal Investments
Topic: Any reasons to not convert tIRA to Roth?
Replies: 40
Views: 2610

Re: Any reasons to not convert tIRA to Roth?

For me, I’ve decided not to do Roth conversions. My take is, given a choice between paying taxes now, or paying taxes later, always pay them later. By not converting,I will save a lot on taxes now. I will also qualify for maximum ACA premium credits, worth about $18K per year. I may also qualify fo...
by wolf359
Fri Mar 26, 2021 7:46 pm
Forum: Personal Investments
Topic: Any reasons to not convert tIRA to Roth?
Replies: 40
Views: 2610

Re: Any reasons to not convert tIRA to Roth?

All retirement plans pretty much good to go, working on the fine tuning now. Brief overview in case it matters for this: 2.3M in taxable 1.2M in 401k/deferred annuity/403b 137k in tIRA 1 year spending in savings MFJ, 48 and 54, Washington state desired 80/10/10 (us/intl/bond) Income now is ~200k, b...
by wolf359
Fri Mar 26, 2021 7:30 pm
Forum: Personal Investments
Topic: Any reasons to not convert tIRA to Roth?
Replies: 40
Views: 2610

Re: Any reasons to not convert tIRA to Roth?

For me, I’ve decided not to do Roth conversions. My take is, given a choice between paying taxes now, or paying taxes later, always pay them later. By not converting,I will save a lot on taxes now. I will also qualify for maximum ACA premium credits, worth about $18K per year. I may also qualify fo...
by wolf359
Fri Mar 26, 2021 9:52 am
Forum: Personal Investments
Topic: Help me estimate how much I’ll need for retirement
Replies: 23
Views: 1859

Re: Help me estimate how much I’ll need for retirement

Great question. And great risk appetite. There is the napkin math method to answer your question, and there is the eye-wateringly-detailed version. Here is the napkin math version. Use $100k per year in required 401k income, in perpetuity, as a starting point. "Rule of 4%" safe withdrawal...
by wolf359
Thu Mar 25, 2021 7:29 am
Forum: Personal Investments
Topic: Advice on not stressing closer to retirement
Replies: 62
Views: 3778

Re: Advice on not stressing closer to retirement

So I’m turning 60 in a few weeks and starting to think seriously about the retirement end game. I’ve always just maxed out my tax deferred space (and now, spending all extra cash making taxable investments and paying down mortgage) and not paid too much attention. But now that I’m thinking about it...
by wolf359
Wed Mar 24, 2021 8:03 pm
Forum: Personal Investments
Topic: Vanguard alternative
Replies: 57
Views: 4542

Re: Vanguard alternative

Hello -- I am 10 yr Vanguard investor. I have 1M+ portfolio with Vanguard mostly in admiral funds for now - rest similar amount is distributed in other providers to real estate and my business. I love admiral fund expense ratios and indexing diversity. However ... I am SICK AND TIRED OF VANGUARD WE...
by wolf359
Wed Mar 24, 2021 12:50 pm
Forum: Personal Finance (Not Investing)
Topic: What is an average retirement a/c worth in America ?
Replies: 228
Views: 22363

Re: What is an average retirement a/c worth in America ?

The ultimate goal is to have on the order of 25 times your annual spending in liquid assets at retirement. Average would not help unless your spending is indeed average. What does a/c mean? 25 times annual spending needs after considering what a discounted pension/SS will cover right? Yes. If you n...
by wolf359
Wed Mar 24, 2021 12:46 pm
Forum: Personal Finance (Not Investing)
Topic: What is an average retirement a/c worth in America ?
Replies: 228
Views: 22363

Re: What is an average retirement a/c worth in America ?

The ultimate goal is to have on the order of 25 times your annual spending in liquid assets at retirement. Average would not help unless your spending is indeed average. What does a/c mean? A/c is account. I understand that lifestyle matters. My question is if the millions in investments in one's 3...
by wolf359
Wed Mar 24, 2021 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: What is an average retirement a/c worth in America ?
Replies: 228
Views: 22363

Re: What is an average retirement a/c worth in America ?

Why do you want a lot of money anyways? If you read these posts, as you say you do, you will also notice that the main goal is not to spend any money. There may be lots of millionaires in here, but most of them will never spend their money. If your plan is not to spend it, then you shouldn't worry ...
by wolf359
Tue Mar 23, 2021 1:22 pm
Forum: Personal Investments
Topic: Advice Please on Income Investments - Starting Fresh
Replies: 35
Views: 1513

Re: Advice on Investing Large Sum with Market at All-time High

Half now, the remainder over the next 9 months. That way you will always be 50 percent correct. I'd invest all of it, but use an asset allocation depending upon how confident you are. For example, if you're saying half in now, I'd use an allocation of 50% stocks 50% bonds, and rebalance or change y...
by wolf359
Tue Mar 23, 2021 1:13 pm
Forum: Personal Finance (Not Investing)
Topic: real-estate in the twilight of my life
Replies: 35
Views: 2313

Re: real-estate in the twilight of my life

The concern about rental properties isn't your age, it's whether or not you can handle it while on a fixed income. That means you need to make sure that after you pay for the property in cash, that your remaining liquid assets can cover expenses, maintenance, and emergencies. What happens if a natur...
by wolf359
Fri Mar 19, 2021 4:13 pm
Forum: Investing - Theory, News & General
Topic: Hitting your numbers. How to estimate when you have enough.
Replies: 175
Views: 20012

Re: Hitting your numbers. How to estimate when you have enough.

25x is sufficient imo. Make sure you take into account the cost of health insurance or any other benefits provided by your job. 25x has a failure rate, especially if you retire early. But imo if your retirement plan doesn't have a failure rate, you're being overconservative. Don't magnify the risk ...
by wolf359
Thu Mar 18, 2021 7:29 pm
Forum: Personal Finance (Not Investing)
Topic: Recommendation for FIRE book
Replies: 31
Views: 3144

Re: Recommendation for FIRE book

It's not all about the money. If you accumulate the appropriate funds and successfully choose your date of retirement, you'll probably have the money angle covered. Here's a recent blog post by a blogger who successfully FIRED at a young age, and "failed." Well, he didn't fail in the sense...
by wolf359
Thu Mar 18, 2021 7:20 pm
Forum: Personal Finance (Not Investing)
Topic: Recommendation for FIRE book
Replies: 31
Views: 3144

Re: Recommendation for FIRE book

Wade Pfau is a PHD researcher who specializes in retirement withdrawal strategies. He has two excellent books the cover the two fundamentally different retirement philosophies: Safety-First Retirement Planning: An integrated Approach for a Worry-free retirement How Much Can I Spend in Retirement?: A...
by wolf359
Thu Mar 18, 2021 12:11 am
Forum: Investing - Theory, News & General
Topic: Strategy changes after Lean FI?
Replies: 41
Views: 3011

Re: Strategy changes after Lean FI?

All Lean FI means is that you can survive indefinitely (or at least 30 years) if you should lose your jobs. You state that you like your current lifestyle, so therefore you do not intend to retire at this income level. Also, at 25X expenses at Lean FI, you have NO flexibility should something go wro...
by wolf359
Wed Mar 17, 2021 5:52 pm
Forum: Personal Investments
Topic: How much do you weigh your homes value in your retirement portfolio?
Replies: 106
Views: 8332

Re: How much do you weigh your homes value in your retirement portfolio?

My wife and I retired early. Me at 45 (stroke) and her at 56. We are not "rich" as far as normal investments. But, we are fortunate enough to own a home without a mortgage in a tourist area where home prices are very, very high. Basically, many people here are "house rich" but c...
by wolf359
Mon Mar 15, 2021 1:02 pm
Forum: Personal Finance (Not Investing)
Topic: Decision Paralysis
Replies: 7
Views: 698

Re: Decision Paralysis

Florida has generally had a positive population growth. In recent decades, it has been about 1-2% a year. In recent years there has been a lot of press about how wealthier people are moving to Florida from high-tax states. This might account for the real estate boom, in which wealthier families are ...
by wolf359
Mon Mar 15, 2021 12:39 pm
Forum: Personal Investments
Topic: 15x expenses, then SS
Replies: 95
Views: 7832

Re: 15x expenses, then SS

Have you accounted for the possibility that Social Security reduces its payments by about 24% around 2030? (It's not speculation on politics/pending law, so discussion of this is allowed per forum rules. It's in the 2020 OASDI Annual Trustee Report.) If Congress takes no action, then this reduction ...
by wolf359
Mon Mar 15, 2021 9:28 am
Forum: Investing - Theory, News & General
Topic: Announcing the FOMO fund...
Replies: 34
Views: 3726

Re: Announcing the FOMO fund...

“I may say, of 100 tech stocks, give me 20 with the highest Sharpe ratios over the past 3 months, then the 20 that have had the worst performance in the past week,” he explained. “We want to ride momentum, but also whatever has had its butt kicked, we want to buy into that as well "My weakness...
by wolf359
Mon Mar 15, 2021 8:25 am
Forum: Investing - Theory, News & General
Topic: Announcing the FOMO fund...
Replies: 34
Views: 3726

Re: Announcing the FOMO fund...

“I may say, of 100 tech stocks, give me 20 with the highest Sharpe ratios over the past 3 months, then the 20 that have had the worst performance in the past week,” he explained. “We want to ride momentum, but also whatever has had its butt kicked, we want to buy into that as well "My weakness...
by wolf359
Fri Mar 12, 2021 9:18 am
Forum: Personal Consumer Issues
Topic: Reputable business to sell "graded coins".
Replies: 18
Views: 1239

Re: Reputable business to sell "graded coins".

OP, the other issue which needs to be addressed before you put these coins on the market is your father's wishes. You say you have been tasked by the family to sell your Dad's coins. But you didn't say your Dad himself wants to sell the coins. They are your Dad's. Not your family's. Not yours. The ...
by wolf359
Thu Mar 11, 2021 8:26 pm
Forum: Personal Consumer Issues
Topic: Reputable business to sell "graded coins".
Replies: 18
Views: 1239

Re: Reputable business to sell "graded coins".

I suggest getting this book and reading it: https://www.amazon.com/What-Granddaddys-Coins-Beginners-Identifying-ebook/dp/B0065QMXBM "What to do with Granddaddy's Coins: A Beginners Guide to Identifying, Valuing and Selling Old Coins" An avid coin collector I know is providing copies to his...
by wolf359
Tue Mar 09, 2021 12:31 pm
Forum: Personal Consumer Issues
Topic: Buying new car, need some advice
Replies: 38
Views: 3220

Re: Buying new car, need some advice

IMO that stuff doesn't really matter. Yes, they exist, but in the end you'll pay the market price depending on supply/demand for your vehicle. - Indeed, shop via the internet - DO NOT be suckered into "visiting the dealer" in order to get a bottom-line price. Insist on a quote via email. ...
by wolf359
Tue Mar 09, 2021 12:23 pm
Forum: Personal Investments
Topic: Would you lump sum right now?
Replies: 57
Views: 4274

Re: Would you lump sum right now?

Math is easy. Acting on it is hard. The math says that the market has a tendency to go up, and 3 out of 4 times you'd come out ahead by lump summing. If you have a very long time frame, then even that fourth time will work in your favor. On the other hand, it's hard to look at a market that's been h...
by wolf359
Sun Mar 07, 2021 12:24 pm
Forum: Personal Investments
Topic: How long would you back a losing horse, to Stay The Course?
Replies: 167
Views: 11363

Re: How long would you back a losing horse?

idmcrick: If I were confident I was on the right horse, I would continue riding the "horse" -- but I would keep my eye out for a better one: From 28 Funds to 3: Simplifying to a 3 Fund Portfolio . If I found a better horse like total market index funds I would switch. Best wishes. Taylor ...
by wolf359
Sat Mar 06, 2021 10:08 pm
Forum: Personal Investments
Topic: How long would you back a losing horse, to Stay The Course?
Replies: 167
Views: 11363

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

Some thoughts: - It's not just about small cap value. It's about any asset in your portfolio that you're unhappy with. However, if you're happy with the performance of every single component of your portfolio, then you probably aren't properly diversified. The point of diversification is that some p...
by wolf359
Wed Mar 03, 2021 11:29 am
Forum: Investing - Theory, News & General
Topic: The Efficient Market Hypothesis fundamentally makes no sense
Replies: 108
Views: 5263

Re: The Efficient Market Hypothesis fundamentally makes no sense

There are a lot of reasons why EMH is clearly a fallacy, but let's look at one obvious flaw. One core assumption of EMH is that all news is already priced in. This makes absolutely no sense. How could new information possibly be priced in in the first place without some market participants first pr...