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Re: The Worst Investment You Can Make: Buying a Home

Maybe we should start a thread " Renting/Landlords They are Horrible" Seriously, my widowed mother sold our house when I was nine years old. From that point we moved and moved and moved. Landlords from hell. Wouldn't fix things that were broken, and if they did used the cheapest quality ju...
by Greenie
Mon Aug 25, 2014 1:59 pm
 
Forum: Investing - Theory, News & General
Topic: The Worst Investment You Can Make: Buying a Home
Replies: 135
Views: 16053

Re: How much do you plan to save in your 529 plan?

My kid is starting her third year of a four year program. A few experiences I went through might be helpful to the original poster or others. First of all, pretty much forget about financial aid. Unless your kid is a super athlete or you are dirt poor you are getting very little or no help. A 529, p...
by Greenie
Sun Aug 24, 2014 1:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: How much do you plan to save in your 529 plan?
Replies: 60
Views: 6908

Re: Living in or near San Diego

I lived in the Midwest, Florida, North California, and Los Angeles. I have been here now for 33 years. For me it's place to be. So many different neighborhood scenes with live music, great food, great beer, friendly people, plenty of healthy outdoor activities with unbelievable weather. I guess it's...
by Greenie
Mon Jun 02, 2014 11:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: Living in or near San Diego
Replies: 17
Views: 1567

About to Retire? Three Big Questions

I respect Jonathan Clements writer for the WSJ. While it may be ideal, how many retirees will come close to Clement's suggestion of a cash reserve equal to five years of portfolio withdraws? I would love to be in that position but it is not possible for my wife and myself to accumulate that much in ...
by Greenie
Mon May 05, 2014 12:08 am
 
Forum: Investing - Theory, News & General
Topic: About to Retire? Three Big Questions
Replies: 28
Views: 3624

Re: Edward Jones Advisory Solutions account

"I'm 62 and want to preserve my investment and reduce expenses" There is so much pricing matching these days. Ask the Edward Jones if he can match the expense rate of .05 for Vanguard's Total US Stock Index, Admiral Shares and you will sign on :greedy
by Greenie
Sat Mar 22, 2014 1:30 pm
 
Forum: Investing - Help with Personal Investments
Topic: Edward Jones Advisory Solutions account
Replies: 58
Views: 12844

Re: Vanguard annuities? Pro's vs cons?

I am in some what of a similar situation as the original poster of my age and a sizable taxable account. I am commenting on your ideas of gaming the FAFSA system. I have friends of various financial assets and no one I know gets a break on college costs. FAFSA is for those that can't afford college ...
by Greenie
Sat Mar 22, 2014 12:43 pm
 
Forum: Investing - Help with Personal Investments
Topic: Vanguard annuities? Pro's vs cons?
Replies: 11
Views: 1580

Re: Portfolio checkup after sale of business

Are you planning to retire now at 33?
by Greenie
Sat Mar 08, 2014 4:30 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio checkup after sale of business
Replies: 11
Views: 666

Re: Take SS now or spend down saving & Delay Benefit

I think it is save to say most all Bogleheads would take 8% guaranteed come here to eternity. There is always the quality of life factor. Myself at 63 and my 55 wife life and health are great. Sometimes I think it comes down getting close with all your calculations and then what your gut or intuitio...
by Greenie
Fri Mar 07, 2014 9:43 pm
 
Forum: Investing - Help with Personal Investments
Topic: Take SS now or spend down saving & Delay Benefit
Replies: 12
Views: 1203

Re: Take SS now or spend down saving & Delay Benefit

Bucket of CDs? That seems a loss to inflation. Maybe a combo of CDs and Wellesley???
by Greenie
Fri Mar 07, 2014 1:34 am
 
Forum: Investing - Help with Personal Investments
Topic: Take SS now or spend down saving & Delay Benefit
Replies: 12
Views: 1203

Re: Take SS now or spend down saving & Delay Benefit

We are both in excellent health and yes health care is going to be one of the biggest nuts to crack. We were planning on taking her small benefit at 62. She also has a small annuity that kicks in for her at 65. I am assuming the ACA only looks at income and not savings so I think we are ok there. Do...
by Greenie
Fri Mar 07, 2014 12:58 am
 
Forum: Investing - Help with Personal Investments
Topic: Take SS now or spend down saving & Delay Benefit
Replies: 12
Views: 1203

Take SS now or spend down saving & Delay Benefit

I turn 63 next week and I plan to retire as soon as possible. (I am not go to work another job and we don't have plans for my spouse to work any longer as well). I have been crunching numbers and I have come up with this dilemma. First of all, I am planning on spending down 4% a year from my savings...
by Greenie
Fri Mar 07, 2014 12:26 am
 
Forum: Investing - Help with Personal Investments
Topic: Take SS now or spend down saving & Delay Benefit
Replies: 12
Views: 1203

Re: "Weird Trick Adds $1,000 to Your Social Security Checks

When I see the source is Newsmax I don't bother.
by Greenie
Wed Jan 01, 2014 2:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: "Weird Trick Adds $1,000 to Your Social Security Checks "
Replies: 14
Views: 2600

Re: Not Planning To Retire?

To the original poster, 6 to 9 weeks vacation could make a huge difference. We all retire. It is just when and if it is on our own terms. If you love what you do every why would you want to quit. A lot folks, myself included decided one day they couldn't make much of living at what they most enjoyed...
by Greenie
Fri Nov 22, 2013 12:06 am
 
Forum: Personal Finance (Not Investing)
Topic: Not Planning To Retire?
Replies: 51
Views: 3595

Income qualifying for the ACA

If someone retires early before Medicare (65), has large sums in retirement accounts including taxable accounts, but only shows small amounts of income on their tax returns, $20,000 or $30,000 for example, and living off their savings would they we eligible for the subsidy?
by Greenie
Sun Nov 17, 2013 2:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: Income qualifying for the ACA
Replies: 8
Views: 534

Re: Crazy Talk

Typical CNBC article commenting on folks 55 and older, saving for retirement. But really??? Don't go into bonds until your 70 and then only gradually? Glad to know Ellis is a former board member of Vanguard. :D Has the collapse of markets in 2008 faded from most investors memories? http://www.cnbc....
by Greenie
Fri Nov 15, 2013 11:30 am
 
Forum: Investing - Theory, News & General
Topic: Crazy Talk
Replies: 7
Views: 1793

Crazy Talk

Typical CNBC article commenting on folks 55 and older, saving for retirement. But really??? Don't go into bonds until your 70 and then only gradually? Glad to know Ellis is a former board of Vanguard. :D Has the collapse of markets in 2008 faded from most investors memories? http://www.cnbc.com/id/1...
by Greenie
Fri Nov 15, 2013 11:29 am
 
Forum: Investing - Theory, News & General
Topic: Crazy Talk
Replies: 7
Views: 1793

Re: Help Choosing a ACA Plan

Thanks Magellan. It's reassuring to know about the premiums not going up so much with the age bands and it's sounds like I better talk to an insurance broker. It appears the Kaiser rep was wrong.
by Greenie
Wed Nov 13, 2013 12:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: Help Choosing a ACA Plan
Replies: 51
Views: 2506

Re: Decsions

1. Do you like the idea of Kaiser or not? That, to me, is the important question to answer. I am one of those people who thinks KP is great. I don't care who my doc is. I don't take any drugs, but am comfortable with generics. Their offices and hospitals are very close by (2.3-4.5 miles). 2. The co...
by Greenie
Wed Nov 13, 2013 11:14 am
 
Forum: Personal Finance (Not Investing)
Topic: Help Choosing a ACA Plan
Replies: 51
Views: 2506

Re: Help Choosing a ACA Plan

The representative at Kaiser said I could contribute to my HSA account even if I don't have a "HSA Plan". There is a different price for my wife and myself. My cost at 64 is $540.00 a month and my wife's is $392.00. I think I will go with the KP CA Bronze 5000/60. The premium per month is ...
by Greenie
Wed Nov 13, 2013 11:10 am
 
Forum: Personal Finance (Not Investing)
Topic: Help Choosing a ACA Plan
Replies: 51
Views: 2506

Re: Help Choosing a ACA Plan

I forgot to mention both are Kaiser plans. I have been with Kaiser for over 20 years and happy with them. I am 62 and my wife is 54. I shopped a little on the Covered California exchange but don't want to switch providers. The Kaiser Bronze 60 Health Savings Account is through the Covered California...
by Greenie
Tue Nov 12, 2013 10:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: Help Choosing a ACA Plan
Replies: 51
Views: 2506

Help Choosing a ACA Plan

If anyone has an opinion on choosing between these two plans, I would really appreciate it. For two people that are very health, which plan do you think is the Most cost effective? As you see the price is basically the same and I receive no subisdy. The first one is through Covered California and th...
by Greenie
Tue Nov 12, 2013 2:23 am
 
Forum: Personal Finance (Not Investing)
Topic: Help Choosing a ACA Plan
Replies: 51
Views: 2506

Re: How Close Are You To Your Number and Financial Independe

I have a small business that consists of my wife, myself, and one employee. It's been good to me with hard work and has got me where I am today financially but I am at the burnt out stage now. I have lost interest and have just been going through the motions. I am just hanging on trying to keep the...
by Greenie
Sat Sep 28, 2013 2:35 pm
 
Forum: Investing - Help with Personal Investments
Topic: How Close Are You To Your Number and Financial Independence?
Replies: 71
Views: 6255

Re: How Close Are You To Your Number and Financial Independe

Greenie, I hit my age goal three years ago and my number this year. Work became a real chore this year, probably exacerbated knowing I could leave. Told them a month ago I am leaving and it is even harder knowing I am leaving, my coworkers do not know yet either. Objectively we are both too young t...
by Greenie
Sat Sep 28, 2013 12:16 pm
 
Forum: Investing - Help with Personal Investments
Topic: How Close Are You To Your Number and Financial Independence?
Replies: 71
Views: 6255

Re: How Close Are You To Your Number and Financial Independe

Hit and passed it by quite a bit when I sold my little company 1.5 years ago - just need to fulfill my contract to the purchaser, which is another 6 months then my hard earned freedom awaits. I have a small business that consists of my wife, myself, and one employee. It's been good to me with hard ...
by Greenie
Sat Sep 28, 2013 11:18 am
 
Forum: Investing - Help with Personal Investments
Topic: How Close Are You To Your Number and Financial Independence?
Replies: 71
Views: 6255

Re: How Close Are You To Your Number and Financial Independe

As we all do here I think and plan with the hard numbers. Part of my question is philosophical. As several of you mentioned low interests, uncertainty in markets, etc. but as some point it has to be a gut feeling, letting go. There are a lot of uncertainties in life beyond money. These are the healt...
by Greenie
Fri Sep 27, 2013 3:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: How Close Are You To Your Number and Financial Independence?
Replies: 71
Views: 6255

How Close Are You To Your Number and Financial Independence?

This question goes out to those who are near their "number" or are retired now and went though the same sort of experience. I will be 63 in March. The original plan was work until I am 66 and with my investments and FRA social security projected income live comfortably. I am very close to ...
by Greenie
Fri Sep 27, 2013 2:25 pm
 
Forum: Investing - Help with Personal Investments
Topic: How Close Are You To Your Number and Financial Independence?
Replies: 71
Views: 6255

Re: I have this correct? Don't use HSA money?

Even though it was a fairly small contribution for $7450 for 2013. (over 55 -family plan). It is the best tax advantage account in my particular situation as a Mom and Pop business. Tax deductible going in, grows tax free, and no taxes going out as long as it is used for medical expenses. With today...
by Greenie
Sat Aug 17, 2013 1:41 pm
 
Forum: Investing - Help with Personal Investments
Topic: I have this correct? Don't use HSA money?
Replies: 14
Views: 1481

Re: Optimal Bond Portfolio for the Recently Retired?

I think many of us near retirement are questioning having 60% of our portfolio in bonds and waiting to be clobbered as interest rates rise. It is tempting to move to the cash sidelines until their are more favorable yields for the risks we are taking.
by Greenie
Sun Jul 28, 2013 1:10 pm
 
Forum: Investing - Theory, News & General
Topic: Optimal Bond Portfolio for the Recently Retired?
Replies: 27
Views: 2927

Re: Optimal Bond Portfolio for the Recently Retired?

This articles suggests possibly being on the bond sidelines for awhile in cash and coming back to bonds when rates are higher:
http://online.wsj.com/article/SB10001424127887324328904578624031829252000.html?mod=rss_Money
by Greenie
Sun Jul 28, 2013 12:20 pm
 
Forum: Investing - Theory, News & General
Topic: Optimal Bond Portfolio for the Recently Retired?
Replies: 27
Views: 2927

Re: Really hard to avoid "Keeping up with the Joneses"!

My wife (not so much me) are friends with a couple that spend way beyond there means. The woman is the widow of my best friend that died 13 years ago. My friend was a serious Boglehead and I am sure never heard the term. He provided and left his wife a house that was paid off, a thriving business, a...
by Greenie
Fri Jul 26, 2013 1:29 am
 
Forum: Personal Consumer Issues
Topic: Really hard to avoid "Keeping up with the Joneses"!
Replies: 93
Views: 10223

Re: What was your worst investment?

If I paid a lot federal income tax in a specific year then I had a good year. The glass 3/4 full.
by Greenie
Sat Jun 29, 2013 6:36 pm
 
Forum: Investing - Help with Personal Investments
Topic: What was your worst investment?
Replies: 100
Views: 7626

Re: What was your worst investment?

Most of my investments until I discovered the Boglehead way of investing in 2009. My first experience in 1994 was a loaded Dreyfus stock fund that was a total dog recommended and sold to me by someone in a bank. Next experience, another sales person at a different bank (Wells Fargo) sold me a variab...
by Greenie
Sat Jun 29, 2013 5:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: What was your worst investment?
Replies: 100
Views: 7626

Re: Bond Funds Tanking

The main purpose of bonds for me is diversification away from stocks. I was 100% in equities when the financial meltdown hit in 2007/2008. Nothing I want to go through again if I can help it. If the stock market crashes again the masses are going to run to the safety of treasuries. I just buy the Va...
by Greenie
Fri Jun 14, 2013 2:52 pm
 
Forum: Investing - Theory, News & General
Topic: Bond Funds Tanking
Replies: 99
Views: 8014

Re: Paid off mortgage today

I paid my mortgage off three years ago this month. A lot can go wrong in life. Having a roof over my head that is paid for is reassuring for me.
by Greenie
Sat Jun 08, 2013 5:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: Paid off mortgage today
Replies: 73
Views: 5995

Re: The Boglehead Car -- What is It?

I have an 2009 Subaru Outback. Best car I have ever owned. As Btenny said "Luxury car with a Chevy price". The Subaru line are incredibly safe and reliable vehicles. I bought low from advice on this site when the cash for clunders program was available. I got a $4500 cash for clunder disco...
by Greenie
Mon Jun 03, 2013 9:27 pm
 
Forum: Personal Consumer Issues
Topic: The Boglehead Car -- What is It?
Replies: 150
Views: 11559

Re: THANKS, BOGLEHEADS, FROM JACK BOGLE

Mr. Bogle,

Thank you for all your years of tireless service to the little guy. My wife and I now have a shot at a somewhat comfortable retirement.
by Greenie
Wed May 15, 2013 10:29 pm
 
Forum: Investing - Theory, News & General
Topic: THANKS, BOGLEHEADS, FROM JACK BOGLE
Replies: 39
Views: 5312

Re: So money can buy you happiness after all...

I grew up dirt poor and it was down right painful. Trying to avoid that again at ll costs. The richness of good friends is often undervalued. Like the definition I found "bountiful"
by Greenie
Tue Apr 30, 2013 4:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: So money can buy you happiness after all...
Replies: 49
Views: 3723

Re: Capital Opportunity re-opened

Owned in the past before I became a reformed indexer. Is there anything unique about other than it costs more in fees?
by Greenie
Mon Apr 15, 2013 1:22 pm
 
Forum: Investing - Theory, News & General
Topic: Capital Opportunity re-opened
Replies: 3
Views: 510

Bought Bonds Today

I didn't listen to the noise and I bought a significant chunk of California Tax Exempt (intermediate term) bonds today in my taxable account to rebalance. All the talk of rising interest rates is a concern but the equity portion of my portfolio was getting away from my plan for asset allocation. Tho...
by Greenie
Thu Apr 04, 2013 9:53 pm
 
Forum: Investing - Theory, News & General
Topic: Bought Bonds Today
Replies: 31
Views: 3874

Re: Early Social Security, impact on "success rate"?

Thanks Peter good points. I have about 45% of my total portfolio in taxable accounts and taxable potion. My RMD at 70.5 is not going that to be that big a deal. My wife is 54 so no collecting any benefits for her for eight years. We are self employed together owning a mom and pop business, so when w...
by Greenie
Mon Apr 01, 2013 1:36 pm
 
Forum: Investing - Theory, News & General
Topic: Early Social Security, impact on "success rate"?
Replies: 26
Views: 2415

Re: Why Can't I Bring Myself to Buy Me a Nice Watch?

Let's make it interesting and go for this watch. http://www.watchesonnet.com/715-ci-1123-rx.html?gclid=CIjioaqoo7YCFe1_Qgodd2QAxg I think there might be a typo and it is only 50 grand. Seriously though I had a man crush a $3500 Hubolt. I like ultra thin watches that I can hardly feel when wearing. T...
by Greenie
Fri Mar 29, 2013 9:54 pm
 
Forum: Personal Consumer Issues
Topic: Why Can't I Bring Myself to Buy Me a Nice Watch?
Replies: 193
Views: 13711

Re: Selling Your House and Renting after Retirement.

Where specifically in the LA area? It is vast geographically. LA area means traffic. Try and rent as close as you can to your kids and grandkids. Go for it. I moved to the San Diego area 35 years ago and have never regretted the move. You will love the climate and many things to do.
by Greenie
Fri Mar 29, 2013 9:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: Selling Your House and Renting after Retirement.
Replies: 12
Views: 2378

Re: Early Social Security, impact on "success rate"?

I am 62 and I had planned on collecting SS at my FRA of 66. My wife is 54. I have considered waiting until 70 for the maximum pay out and survivor benefit and collect my wife's SS at 62. I really don't wanted to work until am 70. What I am wrestling with is, should I retire at 66 (with no pension) a...
by Greenie
Wed Mar 27, 2013 1:31 am
 
Forum: Investing - Theory, News & General
Topic: Early Social Security, impact on "success rate"?
Replies: 26
Views: 2415

Re: Mila Kunis Rotates Into Stocks

"I'm an advocate of like put things in the bank" Valley girl strikes again. Totally Awesome
by Greenie
Fri Mar 15, 2013 11:41 am
 
Forum: Investing - Help with Personal Investments
Topic: Mila Kunis Rotates Into Stocks
Replies: 21
Views: 2403

Re: Any of you Bogleheads NOT going to retire?

I know several acquaintances they say they are never going to retire. It's not because they love their work but they have no exit plan. Health forces everyone to retire at some point. It's great your Dad loves his work.
by Greenie
Mon Mar 11, 2013 1:16 am
 
Forum: Personal Finance (Not Investing)
Topic: Any of you Bogleheads NOT going to retire?
Replies: 35
Views: 4167

Re: questions about 529 plan - asset allocation

you'll also want to consider to what extent 529s completely obliterate your financial aid eligibility. At a certain income level that becomes pretty irrelevant, but for others it is not. If you have income that allows to make serious 529 contributions you aren't to get much, most likely no financia...
by Greenie
Sun Mar 03, 2013 3:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: questions about 529 plan - asset allocation
Replies: 20
Views: 1271

Re: questions about 529 plan - asset allocation

The Vanguard 529 allows for your own preferred AA mix but only one asset allocation change a year. I got bit with that during the 2008 meltdown. I made my one yearly change and then the age based target fund kicked in to make the mix more conservative and I was stuck for a year. I don't like the tar...
by Greenie
Sun Mar 03, 2013 3:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: questions about 529 plan - asset allocation
Replies: 20
Views: 1271

Re: Risk Tolerance and Career Satisfaction

I turn 62 next month and my plan is to keeping working at my own business until 66. I am fairly confident save a serious market meltdown that I will reach "my number" close to or before 66. I enjoyed owning my business for the past 20 plus years but it's become in the last few years, feeli...
by Greenie
Wed Feb 06, 2013 3:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: Risk Tolerance and Career Satisfaction
Replies: 12
Views: 947

Re: Paid off mortgage today - Thanks!

Congrats!! I paid off a 15 year loan in 8 years as of last Summer. It's a great feeling. A lot can go wrong but knowing the roof over your head is paid for is a big relief.
by Greenie
Sat Aug 25, 2012 3:24 am
 
Forum: Personal Finance (Not Investing)
Topic: Paid off mortgage today - Thanks!
Replies: 37
Views: 4631

Re: College Funding Strategies

With the post 2008 meltdown much of the advice given on this thread is outdated. I would have your daughter apply to a least one lower cost private school. Students today normally apply to a half a dozen schools. Competition is so stiff to get into many schools even If they are off the charts studen...
by Greenie
Mon Jun 11, 2012 11:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: College Funding Strategies
Replies: 85
Views: 6138
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