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Re: Where would you retire, if $ were no object?

letsgobobby wrote:One more question: if you aren't living there now, why not?


150 mile commute from the lake to my job would be a bit tough. :)
by HomerJ
Wed Apr 23, 2014 12:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: Where would you retire, if $ were no object?
Replies: 38
Views: 1698

Re: Where would you retire, if $ were no object?

I think I would retire in three or four different places. There is no single place that has what I would like if $ were no object. This. Our plan now is to retire on a lake in the Mid-west, but spend January - March renting somewhere else... Like Florida or Costa-Rica or California or anywhere warm...
by HomerJ
Wed Apr 23, 2014 9:17 am
 
Forum: Personal Finance (Not Investing)
Topic: Where would you retire, if $ were no object?
Replies: 38
Views: 1698

Re: Northwestern Mutual Life - Whole Life Policy Review

Can I point out that the GUARENTEED amount of $182,706 after 26 years is around a 0.5% annual return... I mean, the premiums paid in add up to $174,590... You give them $174,590 over 26 years, and the best they can guarantee is $182,706? Even the projected number of $298,619 is only a 3.75% annual r...
by HomerJ
Tue Apr 22, 2014 6:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: Northwestern Mutual Life - Whole Life Policy Review
Replies: 31
Views: 1702

Re: Thinking about retiring early - tell me what I've missed

Well, you don't know how much your new brewing business will make you, so I wouldn't count $15k in salary as a sure thing. If you move, will managing the rental property be possible? You may need to hire a management company which will eat into your rental income... Plus, what if you lose your rente...
by HomerJ
Tue Apr 22, 2014 6:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: Thinking about retiring early - tell me what I've missed
Replies: 23
Views: 1910

Re: Warren Buffett

I don't have a problem admitting that I can't beat the market. I can't. My problem with this (and a lot of threads) is the fact that anyone other that Jack Bogle is insignificant, wrong, a scam artist, etc. It just comes across as complete arrogance at times. I think you're reading things that aren...
by HomerJ
Tue Apr 22, 2014 3:44 pm
 
Forum: Investing - Theory, News & General
Topic: Warren Buffett
Replies: 45
Views: 2222

Re: Warren Buffett

Warren Buffet is awesome, but you cannot invest like Warren Buffet... Warren Buffet buys whole companies at this point, not just individual stocks. Warren Buffet gets special deals from companies that you cannot get... You think Goldman Sachs is going to issue YOU preferred stock that pays a 10% div...
by HomerJ
Tue Apr 22, 2014 1:16 pm
 
Forum: Investing - Theory, News & General
Topic: Warren Buffett
Replies: 45
Views: 2222

Re: Hit your #, Still want to work, does your savings % chan

I hit my number last year so increased my number to something higher which I considered unreachable, now not so sure it is. I also increased my before tax contribution to my 401k and found that my employer is now counting Per Diem and allowable expenses as income when it comes to what they withhold...
by HomerJ
Tue Apr 22, 2014 12:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: Hit your #, Still want to work, does your savings % change?
Replies: 47
Views: 3817

Re: Hit your #, Still want to work, does your savings % chan

Depends on which number and at what age... "We could quit now, but with only a small buffer" number? Or "I'm really good now" number? See, my goal is $2 million at 55... That's my "I'm really good now" number at that age. If I hit $2 million at 52, I'll probably semi-re...
by HomerJ
Tue Apr 22, 2014 12:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: Hit your #, Still want to work, does your savings % change?
Replies: 47
Views: 3817

Re: Hit your #, Still want to work, does your savings % chan

I would let my number get bigger (although to tell the truth, I have no idea what my number is - I stopped working when I no longer wanted to work, but I am still saving). I should try that... Just stop working when I no longer want to work, and not worry about how much money I have. Oh wait, that ...
by HomerJ
Tue Apr 22, 2014 11:55 am
 
Forum: Personal Finance (Not Investing)
Topic: Hit your #, Still want to work, does your savings % change?
Replies: 47
Views: 3817

Re: Northwestern Mutual Life - Whole Life Policy Review

I would also strongly urge you to use the very high quality advice given by some posters on this Boglehead forum. On the subject of insurance you will find more expertise here with a number of agent and non-agent authors. On the subject of Social Security you will find that SSCRITIC has forgotten m...
by HomerJ
Mon Apr 21, 2014 10:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: Northwestern Mutual Life - Whole Life Policy Review
Replies: 31
Views: 1702

Re: Starting an RIA

Andymoler58 wrote:My main concern is whether I could make it profitable or not billing at $150/hr. That just seems like a lot of hours to bill to make a living.


Depends on your overhead... Even if you only work 13 hours a week, that's $100k a year in gross billing.
by HomerJ
Mon Apr 21, 2014 2:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: Starting an RIA
Replies: 28
Views: 1667

Re: Mr. Money Mustache: Hero or Foolish?

never mind
by HomerJ
Mon Apr 21, 2014 1:10 pm
 
Forum: Investing - Theory, News & General
Topic: Mr. Money Mustache: Hero or Foolish?
Replies: 247
Views: 27141

Re: Northwestern Mutual Life - Whole Life Policy Review

Pertinent facts as of 2/1/2014: Policy is whole life, purchased in early 2008 Basic Amount: 500K From Dividends: $21,752 Total Death Benefit $521,752 Additional Benefits: Waiver Premium Benefit Total Cash Value: $31,462.19 Dividends used to: increase cash value and coverage Past Year's Cash Value I...
by HomerJ
Mon Apr 21, 2014 10:46 am
 
Forum: Personal Finance (Not Investing)
Topic: Northwestern Mutual Life - Whole Life Policy Review
Replies: 31
Views: 1702

Re: Frugality regret: What thing do you regret not spending

I really regret not going inside the Colossium in Rome because I was too cheap to pay the 15 euros to get in. I was 20 doing the whole shoestring backpacking thing but still. :oops: Meh, you didn't miss much... I love Italy by the way... Only spent a few days there, and I want to go back when I ret...
by HomerJ
Fri Apr 18, 2014 1:16 am
 
Forum: Personal Consumer Issues
Topic: Frugality regret: What thing do you regret not spending on?
Replies: 112
Views: 14302

Re: Live Now, Live Later?

The only danger is spending more now is lifestyle creep... Not only are you saving less, but your expected expenses in retirement also go up (because who wants to cut-back in retirement?) My normal advice to this question is to spend more on discretionary items like travel and vacations. Don't buy a...
by HomerJ
Thu Apr 17, 2014 3:49 pm
 
Forum: Personal Finance (Not Investing)
Topic: Live Now, Live Later?
Replies: 37
Views: 3614

Re: Frugality regret: What thing do you regret not spending

My wife's high-school friend died of cancer last year at age 52...

We went out and bought a lake condo and a boat NOW instead of waiting until we retired so that we wouldn't have to risk that regret.
by HomerJ
Thu Apr 17, 2014 12:23 pm
 
Forum: Personal Consumer Issues
Topic: Frugality regret: What thing do you regret not spending on?
Replies: 112
Views: 14302

Re: Frugality regret: What thing do you regret not spending

Poker's post above made me think of something. As a physician, I have heard countless stories of life's regrets from people in their dying moments. They are all over the map. Not spending more time with loved ones. Not having more children. Not learning to play the piano. Not marrying the girl of t...
by HomerJ
Thu Apr 17, 2014 12:20 pm
 
Forum: Personal Consumer Issues
Topic: Frugality regret: What thing do you regret not spending on?
Replies: 112
Views: 14302

Re: Life Insurance Policy Necessary for 25 year old?

I currently have a life insurance policy that was started for me when I was a baby. The premiums are paid for by the dividends. It is now switched into my name with a cash balance of around 5k. The payout I believe is around 40k. _____________________________________________________________________...
by HomerJ
Wed Apr 16, 2014 9:40 am
 
Forum: Personal Finance (Not Investing)
Topic: Life Insurance Policy Necessary for 25 year old?
Replies: 11
Views: 854

Re: Looking at top 1% for actionable insight

surfstar wrote:"Money can't buy happiness"


I don't know about that... I've never seen anyone sad while riding a jetski.
by HomerJ
Tue Apr 15, 2014 3:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: Looking at top 1% for actionable insight
Replies: 73
Views: 7451

Re: All-inclusive resort vacation for $2K??

Cancun has them... I ran one resort out of Cranberry juice by the end of the week (sue me, I like Cranberry Juice, Grapefruit Juice, and vodka) All-inclusives are also fun because you can try drinks and food you've never tried before, and not have to waste $10 finding out you really don't like a Har...
by HomerJ
Tue Apr 15, 2014 3:35 pm
 
Forum: Personal Consumer Issues
Topic: All-inclusive resort vacation for $2K??
Replies: 16
Views: 1683

Re: Mother Of Bog! I'm Uncertain/Frightened To Buy Fund

Do not use an advisor... You cannot afford one... 1% of your money every year will be a HUGE drain.
by HomerJ
Tue Apr 15, 2014 2:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: I Really Would Appreciate Your Advice!
Replies: 72
Views: 2725

Re: Mother Of Bog! I'm Uncertain/Frightened To Buy Fund

I am retired, disabled, almost 64, and have about $1400 a month income from SSDI. I figure I need about $2500 a month to live. I should have about $270,000 to $280,000 total to invest by Summer. And I expect to start receiving an additional $21,500 a year for the next five years. So for the next 5 ...
by HomerJ
Tue Apr 15, 2014 2:09 pm
 
Forum: Investing - Help with Personal Investments
Topic: I Really Would Appreciate Your Advice!
Replies: 72
Views: 2725

Re: Life Insurance Policy Necessary for 25 year old?

You currently have zero need for life insurance... Who suffers financially today if you get hit by a bus? I would cancel that policy, take the cash, and invest it. When you have kids in 5 years, you'll want 20-year term life insurance... You can get $1 million in coverage for around $600-$900 a year...
by HomerJ
Tue Apr 15, 2014 10:47 am
 
Forum: Personal Finance (Not Investing)
Topic: Life Insurance Policy Necessary for 25 year old?
Replies: 11
Views: 854

Re: Save for 25 years = $1million?

Assume that your nephew puts all of his investments in a total world index fund. If he does that, a 5% annualized real return would be reasonable. In order to have a million dollars (inflation adjusted) by the age of 50, he then needs to invest $20,000 a year, or $1,600 a month. If he starts with $...
by HomerJ
Mon Apr 14, 2014 3:38 pm
 
Forum: Investing - Help with Personal Investments
Topic: Save for 25 years = $1million?
Replies: 22
Views: 4003

Re: The slackening...

Got to build character any way you can... My kids have always had the junkiest cars in the high school parking lot, and they've all had to work part-time jobs at Target or Sonic to make spending money. Still, we coddle them too much... And I'm not sure that parenting matters that much... My kids are...
by HomerJ
Mon Apr 14, 2014 12:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: The slackening...
Replies: 61
Views: 6504

Re: Help deciding to surrender Variable Annuity or not

U need to see the actual illustration and realize no step up basis unlike stocks. I doubt it. Per the illustration, this would be a life annuity with a 10 year period certain. Looking at just the GMIB, the payout rate ranges from 4.73% to 5.35% depending on when the annuity is exercised. That is, 4...
by HomerJ
Sun Apr 13, 2014 11:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help deciding to surrender Variable Annuity or not
Replies: 22
Views: 1094

Re: Stock markets in free fall?

bertilak wrote:
Khanmots wrote:Half of my investments are 100% equities. The other half is 100% bonds.


Heh... Can I steal this for my sig?
by HomerJ
Sat Apr 12, 2014 12:11 pm
 
Forum: Investing - Theory, News & General
Topic: Stock markets in free fall?
Replies: 92
Views: 6564

Re: Stock markets in free fall?

Bonds are still a waste of time for young investors (<40yrs) who plan on retiring at 55 or later, even if the market drops another 30-40%. The market has risen well over that in the last few years and bonds would have been a major drag on returns. I agree. I wish I would have realized this 20 years...
by HomerJ
Sat Apr 12, 2014 12:08 pm
 
Forum: Investing - Theory, News & General
Topic: Stock markets in free fall?
Replies: 92
Views: 6564

Re: Help deciding to surrender Variable Annuity or not

They should be able to tell you the payout rate if you tell them when. Find out what the real payout is... Will do. But she'd probably be able to get a 8% SPIA on the open market at age 70... To get a SPIA that pays $43,200 a year would only cost her $540k... That GMIB number and the 6% growth are ...
by HomerJ
Fri Apr 11, 2014 2:40 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help deciding to surrender Variable Annuity or not
Replies: 22
Views: 1094

Re: Help deciding to surrender Variable Annuity or not

Found out that the interest rate on the GMIB and the death benefit is 6% compounded daily until age 85. Not too shabby, eh? I still don't know what the payout rate is. Isn't that calculated at the time she annuitizes?[/color] This is how they get you... That 6% number and that 338k number are MEANI...
by HomerJ
Fri Apr 11, 2014 1:25 pm
 
Forum: Investing - Help with Personal Investments
Topic: Help deciding to surrender Variable Annuity or not
Replies: 22
Views: 1094

Re: Life in the Bay Area and housing costs

I don't think the good valuations here are only driven by the tech bubble. Yes, the tech growth definitely helps prices, no doubt, but the area has so many of its own draws (weather and nature in particular, but also high education and multiculturalism) that it would be considered an extremely desi...
by HomerJ
Fri Apr 11, 2014 1:06 pm
 
Forum: Personal Consumer Issues
Topic: Life in the Bay Area and housing costs
Replies: 51
Views: 3131

Re: Life in the Bay Area and housing costs

If/when the select areas of the S Bay hit the ceiling, it is almost certain that most of the the entire country will be hard harder first. Sure, it may stall out, but you can be sure that other areas will stall out faster. Why do you say that? Serious question... I don't see why other areas of the ...
by HomerJ
Fri Apr 11, 2014 1:02 pm
 
Forum: Personal Consumer Issues
Topic: Life in the Bay Area and housing costs
Replies: 51
Views: 3131

Re: A story, and a feeling of financial under-accomplishment

Angelus359 wrote:Should I get my masters degree?

I would need to take 10 classes, which I'd take 5 per year, and it'd cost about 10 grand total.


I wouldn't worry about that for now... Concentrate on getting your work skills and experience up and explore a possible Master's degree in a few years.
by HomerJ
Fri Apr 11, 2014 12:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: A story, and a feeling of financial under-accomplishment
Replies: 48
Views: 4175

Re: Mr. Money Mustache: Hero or Foolish?

"Some people have a way with words while others.... um... er.... um.... not have way, I guess..."

-Steve Martin
by HomerJ
Fri Apr 11, 2014 12:54 pm
 
Forum: Investing - Theory, News & General
Topic: Mr. Money Mustache: Hero or Foolish?
Replies: 247
Views: 27141

Re: A story, and a feeling of financial under-accomplishment

It's not where you came from but where you're going. That is what matters. Congrats on over coming so much thus far. Be proud of what you have done so far and keep pushing forward. This... If it helps at all, I didn't start my career until I was 27, at which point I had 50k in student loans... so y...
by HomerJ
Fri Apr 11, 2014 11:42 am
 
Forum: Personal Finance (Not Investing)
Topic: A story, and a feeling of financial under-accomplishment
Replies: 48
Views: 4175

Re: Life in the Bay Area and housing costs

As said: - Great weather - Great beauty - Great schools - Multicultural area - etc Again, outside of Norcal, I am 100% with you. I consider real estate to NOT be a 'investment' and more of a cost. But I would make exception for Norcal bay area. If the area doesn't even dip during the big recent hou...
by HomerJ
Fri Apr 11, 2014 11:22 am
 
Forum: Personal Consumer Issues
Topic: Life in the Bay Area and housing costs
Replies: 51
Views: 3131

Re: Life in the Bay Area and housing costs

I'd disagree with the casino part. As mentioned before, owning property in the silicon valley area, especially anything from Palo Alto to Campbell and even beyond, has been nothing but all win for anyone who has owned. EVEN in the 'downturn' - the housing prices in this territory just slowed their ...
by HomerJ
Fri Apr 11, 2014 8:59 am
 
Forum: Personal Consumer Issues
Topic: Life in the Bay Area and housing costs
Replies: 51
Views: 3131

Ooh - Media is finally checking past predictions!

Saw this on Yahoo Finance 2014 crash will be worse than 1987's: Marc Faber http://www.cnbc.com/id/101573688?__source=yahoo%7Cfinance%7Cheadline%7Cheadline%7Cstory&par=yahoo&doc=101573688%7C2014%20crash%20will%20be%20worse Bunch of doom and gloom... BUT! At the bottom of the article was this ...
by HomerJ
Fri Apr 11, 2014 12:31 am
 
Forum: Investing - Theory, News & General
Topic: Ooh - Media is finally checking past predictions!
Replies: 4
Views: 834

Re: Mr. Money Mustache: Hero or Foolish?

People seem to take issue with the fact that he lives 'better' than the $25k/yr he's spending. I think that's a bit of a red herring because he could still live a perfectly reasonable lifestyle on $25k/yr. Well, heck I could live a perfectly reasonable lifestyle on 25k too... Can I start a blog and...
by HomerJ
Thu Apr 10, 2014 5:17 pm
 
Forum: Investing - Theory, News & General
Topic: Mr. Money Mustache: Hero or Foolish?
Replies: 247
Views: 27141

Re: Why Americans are Retiring Overseas

Puff piece or not, it is intriguing - for those thinking of Florida, Arizona, Palm Springs etc. it just might be worth considering Costa Rica or Panama or other destinations (written by a guy who just bought in Florida 8-) There is a middle tier that I would consider well before another country: [*...
by HomerJ
Thu Apr 10, 2014 4:47 pm
 
Forum: Personal Consumer Issues
Topic: Why Americans are Retiring Overseas
Replies: 109
Views: 9030

Re: Edward Jones Advisory Solutions account

I have a feeling we won't be hearing back from "ed". This is better than listening to Kramer or Suzie! I'm not going anywhere. Obviously everyone on this post loves to make money. Can we all agree that investing in an index fund is a great investment? I agree with that. There are some gre...
by HomerJ
Thu Apr 10, 2014 11:17 am
 
Forum: Investing - Help with Personal Investments
Topic: Edward Jones Advisory Solutions account
Replies: 58
Views: 10244

Re: Mr. Money Mustache: Hero or Foolish?

Not well versed on all thing's MMM, but I thought the post... http://www.mrmoneymustache.com/2013/04/25/why-should-i-be-frugal-when-im-so-rich/ and comment section were illuminating. Certainly his perspective is a better alternative to the typical American consumerist who pays no attention where th...
by HomerJ
Thu Apr 10, 2014 10:39 am
 
Forum: Investing - Theory, News & General
Topic: Mr. Money Mustache: Hero or Foolish?
Replies: 247
Views: 27141

Re: Mr. Money Mustache: Hero or Foolish?

I'm going to Greece next year for my niece's wedding. I'll probably visit some very interesting historical sites, and learn more about the history of the world and mankind. I will see beautiful islands, sparkling seas, and I'll imagine how it must of looked very much the same 2000 years ago... I li...
by HomerJ
Thu Apr 10, 2014 10:36 am
 
Forum: Investing - Theory, News & General
Topic: Mr. Money Mustache: Hero or Foolish?
Replies: 247
Views: 27141

Re: Mr. Money Mustache: Hero or Foolish?

I'm going to Greece next year for my niece's wedding. I'll probably visit some very interesting historical sites, and learn more about the history of the world and mankind. I will see beautiful islands, sparkling seas, and I'll imagine how it must of looked very much the same 2000 years ago... I lik...
by HomerJ
Thu Apr 10, 2014 1:24 am
 
Forum: Investing - Theory, News & General
Topic: Mr. Money Mustache: Hero or Foolish?
Replies: 247
Views: 27141

Re: How are you preparing for the coming bear market

There seems to be differing defintions for how you define the end of a bear market. http://www.gold-eagle.com/editorials_12/images/doolittle050413-1.jpg Oh yeah... two 20% drops with a month in between them in 2008-2009 count as "two" bear markets. I remember thinking in Dec 2008, "W...
by HomerJ
Tue Apr 08, 2014 1:27 am
 
Forum: Investing - Theory, News & General
Topic: How are you preparing for the coming bear market
Replies: 104
Views: 7851

Re: How are you preparing for the coming bear market

Longtimelurker wrote:Isn't the whole point of the boglehead philosophy, setting an AA to match your need and ability to take risk, to prepare for a bear market?!


Yes, that is one of the main points of boglehead philosophy.
by HomerJ
Mon Apr 07, 2014 10:35 am
 
Forum: Investing - Theory, News & General
Topic: How are you preparing for the coming bear market
Replies: 104
Views: 7851

Re: How are you preparing for the coming bear market

It's like asking how are you preparing for your next automobile accident? I guess if you have automobile accidents on a regular basis it would be. Bear markets come on a regular basis? We've seen two big crashes in the last 25 years... Two automobile accidents in 25 years (especially if you have 3 ...
by HomerJ
Mon Apr 07, 2014 10:31 am
 
Forum: Investing - Theory, News & General
Topic: How are you preparing for the coming bear market
Replies: 104
Views: 7851

Re: How are you preparing for the coming bear market

It's like asking how are you preparing for your next automobile accident? I guess if you have automobile accidents on a regular basis it would be. Bear markets come on a regular basis? We've seen two big crashes in the last 25 years... Two automobile accidents in 25 years (especially if you have 3 ...
by HomerJ
Mon Apr 07, 2014 1:24 am
 
Forum: Investing - Theory, News & General
Topic: How are you preparing for the coming bear market
Replies: 104
Views: 7851

Re: Why pay off your house?

Did you also install 100k worth of solar panels so you don't have a utility bill? After all it would reduce the amount of income you need to generate.... You might only need 6k versus 8k but you also have 400k (made up number) less cash working for you. Instead it is tied up in your low return hous...
by HomerJ
Mon Apr 07, 2014 12:57 am
 
Forum: Investing - Help with Personal Investments
Topic: Why pay off your house?
Replies: 119
Views: 8602

Re: Why pay off your house?

I would prefer to have a mortgage and cash in the bank. Why? Liquidity. It is sure tough to sell a room in time of need. I did too, until I had enough to pay off my house AND have plenty of cash in the bank (or in the index fund, I should say). I wouldn't suggest to anyone to pay off only mortgage ...
by HomerJ
Sun Apr 06, 2014 10:35 pm
 
Forum: Investing - Help with Personal Investments
Topic: Why pay off your house?
Replies: 119
Views: 8602
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