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Re: Florida Retirement Communities advice/thoughts

galaxy wrote:wild life is great


Another reason I will probably not live in Florida is that I love lakes and boats, but I'm not a big fan of alligators :)
by HomerJ
Mon Jul 28, 2014 5:38 pm
 
Forum: Personal Consumer Issues
Topic: Florida Retirement Communities advice/thoughts
Replies: 18
Views: 1867

Re: Kitchen Remodel... Or Not?

You can't get woodwork or hardwood floors like the old days either. Someday look at a hundred year old oak floor and compare it to nowadays. Then take out your hankie and sniffle. Hankie is good to protect your airways from the lead paint and asbestos as well.... :) Edit: Ah, already mentioned righ...
by HomerJ
Mon Jul 28, 2014 3:47 pm
 
Forum: Personal Consumer Issues
Topic: Kitchen Remodel... Or Not?
Replies: 52
Views: 2211

Re: Florida Retirement Communities advice/thoughts

jimkinny wrote:Any thoughts on hurricanes.


I'd like to hear about this as well... The main reason I don't want to buy in Florida is the Hurricane risk... (also that whole "ocean levels may rise 10 feet and 70% of Florida is underwater" thing)
by HomerJ
Mon Jul 28, 2014 3:13 pm
 
Forum: Personal Consumer Issues
Topic: Florida Retirement Communities advice/thoughts
Replies: 18
Views: 1867

Re: Do Bogleheads Feel Wealthier?

I was pretty broke in my 20s (spent every cent I had, and didn't have many cents)... In my late 20s, I got married to a very smart very frugal woman, and my career finally started taking off.. We had plenty of income between the two of us, so I never felt broke, but I certainly didn't feel wealthy. ...
by HomerJ
Mon Jul 28, 2014 12:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do Bogleheads Feel Wealthier?
Replies: 50
Views: 3175

Re: Body by Science Workout

Which kind of post do I hate more??

I also gained about 5-6 pounds, which doesn't sound like much, but I don't have a tendency to gain weight so it was a big deal for me.


or

I have $15 million at age 40. Think I can retire?


Envy is not a pretty emotion :)
by HomerJ
Fri Jul 25, 2014 5:25 pm
 
Forum: Personal Consumer Issues
Topic: Body by Science Workout
Replies: 239
Views: 24717

Re: Rich Spouse, Poor Spouse [Tax filing apportionment]

TimeRunner wrote:
HomerJ wrote:
Alistair wrote:In all seriousness, start your own thread.


Why do you keep saying this? What does this mean?


It means that divorce, as a solution to the OP's question, is seriously off the table.


Ah, he wasn't quoting anyone so I wasn't sure what he was responding to.
by HomerJ
Fri Jul 25, 2014 5:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: Rich Spouse, Poor Spouse [Tax filing apportionment]
Replies: 77
Views: 5049

Re: Treasury Direct--just blowing off steam

nisiprius wrote:sends you back a confirmation via regular non-secure smtp: mail, which includes the full message text with the sensitive information.


Yes, that is bad.
by HomerJ
Fri Jul 25, 2014 5:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: Treasury Direct--just blowing off steam
Replies: 58
Views: 4054

Re: Treasury Direct--just blowing off steam

Never had any troubles with my treasury direct account. With the secret decoder card and without, it has always worked fine. I moved to a different state and had to change banks. So, I had to go through the medallion signature guarantee process. It was quick and painless. It also taught me that, ev...
by HomerJ
Fri Jul 25, 2014 5:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: Treasury Direct--just blowing off steam
Replies: 58
Views: 4054

Re: Rich Spouse, Poor Spouse [Tax filing apportionment]

Alistair wrote:In all seriousness, start your own thread.


Why do you keep saying this? What does this mean?
by HomerJ
Fri Jul 25, 2014 5:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: Rich Spouse, Poor Spouse [Tax filing apportionment]
Replies: 77
Views: 5049

Re: Personal win: I am now free of individual holdings!

Are the kids giving you the proceeds back? Not that I know of. They will both be in college next month. Must be nice. Can you adopt my kids? Or heck, adopt me... :) Your solution doesn't really address Rainier's problem livesoft... Rainer: "Hey I don't want to sell because I'd lose too much mo...
by HomerJ
Fri Jul 25, 2014 3:24 pm
 
Forum: Investing - Help with Personal Investments
Topic: Personal win: I am now free of individual holdings!
Replies: 18
Views: 1157

Re: Rich Spouse, Poor Spouse

Is this a question of Poor Spouse wanting to prove he/she is not trying to take advantage of Rich Spouse? If so, I understand that completely. My wife made twice as much as me when we got married, and I was very careful with money at first so she wouldn't think I married her for her money.... As the...
by HomerJ
Fri Jul 25, 2014 10:58 am
 
Forum: Personal Finance (Not Investing)
Topic: Rich Spouse, Poor Spouse [Tax filing apportionment]
Replies: 77
Views: 5049

Re: Rich Spouse, Poor Spouse

Poor spouse should just claim 0 exemptions (so max tax for his/her income is taken out)... And Rich Spouse pays any money due at the end of the year.
by HomerJ
Thu Jul 24, 2014 5:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: Rich Spouse, Poor Spouse [Tax filing apportionment]
Replies: 77
Views: 5049

Re: Here's another "where should I retire" thread

TomatoTomahto wrote:Lakefront home, probably one that prohibits jet skis and loud motor boats.


You'll get a lot more visits from the grandkids if you have a jetski... :)

Live in a cove off the main channel, and it won't be that noisy.
by HomerJ
Thu Jul 24, 2014 2:17 pm
 
Forum: Personal Consumer Issues
Topic: Here's another "where should I retire" thread
Replies: 104
Views: 6007

Re: Here's another "where should I retire" thread

@tibbitts, talk to livesoft; he wants me in 4 or 5 houses! I would not be surprised if we lived in one place and took extended vacations in various places with climates different from what we are getting sick of at home. The logistics of more than one house are not something I want to deal with; my...
by HomerJ
Thu Jul 24, 2014 2:16 pm
 
Forum: Personal Consumer Issues
Topic: Here's another "where should I retire" thread
Replies: 104
Views: 6007

Re: Dad had a whole life policy but it sounds like term life

36% / 14yrs = 2.6% gain per year Does this sound right? No. The entire concept of "return" is inapplicable when applied to death benefits (unless you are in the mafia). Think it through -- the best financial scenario would be to die immediately after paying your first premium. You'd have ...
by HomerJ
Thu Jul 24, 2014 11:40 am
 
Forum: Personal Finance (Not Investing)
Topic: Dad had a whole life policy but it sounds like term life?!
Replies: 25
Views: 1657

Re: Family member as Financial Advisor

Yes, absolutely I would accept it. I'm a big boy. Of course, they can do math as well as anyone, so their decision would be a relatively short-lived one. My kids when they were younger would put their whole allowance into those arcade crane machines, but I never stopped them. They figured it out. B...
by HomerJ
Thu Jul 24, 2014 11:16 am
 
Forum: Investing - Help with Personal Investments
Topic: Family member as Financial Advisor
Replies: 35
Views: 2986

Re: Family member as Financial Advisor

C'mon folks. Dad is a big boy and can deal with a child pulling their money out of his influence. I would treat it as part of launching my child and be proud that they made up their own mind. But then again, I want my kids to be completely independent of me. So, if your kid decided to go with a ful...
by HomerJ
Thu Jul 24, 2014 10:43 am
 
Forum: Investing - Help with Personal Investments
Topic: Family member as Financial Advisor
Replies: 35
Views: 2986

Re: Can I retire early?

In 2008-9 I was a bit of a deer in headlights. I did not sell, but also did not have the glee of those buying on discount. Perhaps 60/40 will smooth things out a bit. I'll ponder it. Certainly 50/50 by ten years into early retirement, if not sooner, makes sense. You've won the game... I would start...
by HomerJ
Mon Jul 21, 2014 12:06 am
 
Forum: Investing - Help with Personal Investments
Topic: Can I retire early?
Replies: 28
Views: 3897

Re: Helping My Grandmother

She should buy a SPIA (Single Premium Immediate Annuity) with the $30k... At her age it will pay her around $180 a month or a 7% return... until the day she dies. Note that the money is GONE. She pays a single premium ($30k), and the insurance company pays her $180 a month until she dies. If she die...
by HomerJ
Sun Jul 20, 2014 11:58 pm
 
Forum: Investing - Help with Personal Investments
Topic: Helping My Grandmother
Replies: 54
Views: 3182

Re: Should I use margin to buy a balanced fund?

Homework question #3: Have you read this thread yet... http://www.bogleheads.org/forum/viewtopic.php?t=5934 I have not read it, but I definitely will. Thanks! If it's too boring for you, skip forward to page 10 or so (look for Sept 2008-Nov 2008 posting dates), and watch poor MarketTimer go $200k i...
by HomerJ
Thu Jul 17, 2014 4:47 pm
 
Forum: Investing - Theory, News & General
Topic: Should I use margin to buy a balanced fund?
Replies: 175
Views: 8600

I'm a genius!

Was searching through some old posts for something else, and found this little nugget posted by myself... In March 2009... Man, I'm smart... or maybe just lucky :) Those who invested in 1999 (10 years ago) who currently have absolutely nothing show for their investments... will STILL likely end up i...
by HomerJ
Thu Jul 17, 2014 2:02 pm
 
Forum: Investing - Theory, News & General
Topic: I'm a genius!
Replies: 19
Views: 5148

Re: Should I use margin to buy a balanced fund?

It's not every day that you run into an Amazon review from a nobel prize winner. Here's Robert Shiller's Amazon review of the Ayres and Nalebuff book. I have been getting flak for endorsing the Ayres and Nalebuff book (see above on Amazon.com), just as the authors are for writing it. People are thi...
by HomerJ
Thu Jul 17, 2014 11:35 am
 
Forum: Investing - Theory, News & General
Topic: Should I use margin to buy a balanced fund?
Replies: 175
Views: 8600

Re: Should I use margin to buy a balanced fund?

Homework question: Which balanced funds dropped less than 37% in the past 80 years? Have any dropped by 58%? Wellington is easy to check. The others would need to be approximated by their indexes. Homework question #1: What happens if the fund you pick DOES drop more than 37%? Is the extra potentia...
by HomerJ
Thu Jul 17, 2014 11:32 am
 
Forum: Investing - Theory, News & General
Topic: Should I use margin to buy a balanced fund?
Replies: 175
Views: 8600

Re: New vehicle...GMC Acadia, Chevy Traverse, or Buick Encla

For heaven's sake, the towing capacity wouldn't even be needed at this time, rather for the future. Why do you need towing capacity in the future? How often will you need to tow and go off-road? Maybe you need two cars... One for daily driving, and one for occasional hauling (this one could be an o...
by HomerJ
Mon Jul 14, 2014 3:54 pm
 
Forum: Personal Consumer Issues
Topic: New vehicle...GMC Acadia, Chevy Traverse, or Buick Enclave?
Replies: 61
Views: 4925

Re: In a crash, will you re-balance to maintain your target

For those who answered they will re-balance to the target gradually over time such as with new contributions, I have another q. Why gradually? If ratio deviates enough, shouldn't you re-balance immediately? Is it because of tax reasons? Or market correction? Or not committed to your target? What is...
by HomerJ
Mon Jul 14, 2014 3:20 pm
 
Forum: Investing - Theory, News & General
Topic: In a crash, will you re-balance to maintain your target AA?
Replies: 64
Views: 4144

Re: [Poll] Are you more risk averse than average?

I created this poll because there's a thread asking about 100% stock. Most replies were against it. Curious whether BH think they are more risk averse than average. FYI, I'm not implying average investors invest 100% stocks. I'm very conservative with my investments... 50/50 right now stocks/bonds ...
by HomerJ
Mon Jul 14, 2014 2:56 pm
 
Forum: Investing - Theory, News & General
Topic: [Poll] Are you more risk averse than average?
Replies: 36
Views: 2608

Re: Unique situation

Currently making about 60-80k/month give or take, but that can change at ANY moment. How much could you LOSE a month? What part of your portfolio is your gambling stake? Is that separate from the million in Schwab? How much do you have set aside? How long could you withstand a losing streak? Does t...
by HomerJ
Mon Jul 14, 2014 1:20 pm
 
Forum: Investing - Help with Personal Investments
Topic: Unique situation
Replies: 17
Views: 2746

Re: In a crash, will you re-balance to maintain your target

If you have $600K in stocks and $400K in Treasury bonds, you at least have the comfort that you will have $400K even if stocks go to zero. If the stock market goes to zero then the nation as a whole is bankrupt and there's a good chance those Treasuries won't be worth much either. Okay not zero, bu...
by HomerJ
Mon Jul 14, 2014 1:15 pm
 
Forum: Investing - Theory, News & General
Topic: In a crash, will you re-balance to maintain your target AA?
Replies: 64
Views: 4144

Re: In a crash, will you re-balance to maintain your target

The better question than "will" you rebalance in a crash is, "Did" you rebalance in the last crash? Actually, here's a list of possible spin off poll questions that have crossed my mind after reading Bogleheads this week: - If you are 100% invested in stocks, in what year did yo...
by HomerJ
Mon Jul 14, 2014 12:24 pm
 
Forum: Investing - Theory, News & General
Topic: In a crash, will you re-balance to maintain your target AA?
Replies: 64
Views: 4144

Re: Will you change your AA based on market performance?

ralph124cf wrote:in 2008-2009, when some of the individual stocks that I own dropped 80%-90%. They have done very well since.


That is a dangerous game... The market as a whole is 99.99% likely to come back.... Individual stocks... not nearly as good odds.
by HomerJ
Mon Jul 14, 2014 10:25 am
 
Forum: Investing - Theory, News & General
Topic: In a crash, will you re-balance to maintain your target AA?
Replies: 64
Views: 4144

Re: In a crash, will you re-balance to maintain your target

Suppose you are a 80/20 investor and there's no personal change (same age, same job, etc.) If the stock suddenly drops by 25% so your new portfolio weights are 75% (= 0.75*0.80/(0.75*80%+0.20)) and 25%. Will you re-balance back to 80/20? You can also rebalance by changing all your new money to 100%...
by HomerJ
Mon Jul 14, 2014 10:22 am
 
Forum: Investing - Theory, News & General
Topic: In a crash, will you re-balance to maintain your target AA?
Replies: 64
Views: 4144

Re: Family member as Financial Advisor

Yeah, it will be awkward, but it will never be easier than now. I would just say that upon reflection, you decided you don't want to mix business with family. And I don't think I would try to talk about costs/ERs/fees as a justification. "Dad, we just don't want to mix business with family. It...
by HomerJ
Fri Jul 11, 2014 3:55 pm
 
Forum: Investing - Help with Personal Investments
Topic: Family member as Financial Advisor
Replies: 35
Views: 2986

Re: Engineer career change

Heh.

Image
by HomerJ
Fri Jul 11, 2014 11:51 am
 
Forum: Personal Finance (Not Investing)
Topic: Engineer career change
Replies: 55
Views: 5495

Re: The Millionaire Next Door: Are You One?

The best way to get a million bucks is to have a high paying job and save 15%. It is a lot easier than having a job that pays half as much and needing to save 30%. Not if the guy with the high-paying job is paying 5x as much for housing... The lower-paid guy may indeed have more disposable income t...
by HomerJ
Fri Jul 11, 2014 10:23 am
 
Forum: Personal Consumer Issues
Topic: The Millionaire Next Door: Are You One?
Replies: 187
Views: 22377

Re: Finally an audience with my brother on Finances

He asked my opinion based on my and other's experience on this forum. Responding with a "go do your own research" doesn't reflect well on the community in my opinon. Give him some books to read... The Four Pillars of Investing is an excellent one. He needs to understand for himself (not b...
by HomerJ
Thu Jul 10, 2014 11:32 am
 
Forum: Investing - Help with Personal Investments
Topic: Finally an audience with my brother on Finances
Replies: 33
Views: 4087

Re: Disclosing Financial Position

Are you asking if you should keep it a secret forever? Or until AFTER you're married? Or until AFTER you're engaged? Or until AFTER you're serious (dating only each other, the "L" word has been spoken, and "boyfriend/girlfriend" is used during introductions) My opinion: I wouldn'...
by HomerJ
Wed Jul 09, 2014 4:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: Disclosing Financial Position
Replies: 13
Views: 1170

Re: The Millionaire Next Door: Are You One?

The best way to get a million bucks is to have a high paying job and save 15%. It is a lot easier than having a job that pays half as much and needing to save 30%. Not if the guy with the high-paying job is paying 5x as much for housing... The lower-paid guy may indeed have more disposable income t...
by HomerJ
Wed Jul 09, 2014 12:27 pm
 
Forum: Personal Consumer Issues
Topic: The Millionaire Next Door: Are You One?
Replies: 187
Views: 22377

Re: Easy careers to last me to retirement?

Since you have IT experience, get a job in a NOC (Network Operating Center) monitoring servers and backups.
by HomerJ
Mon Jul 07, 2014 5:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: Easy careers to last me to retirement?
Replies: 92
Views: 13642

Re: When you retire you plan to?

countdown wrote:Anyone ever in a position where they kept their primary residence where a rental studio on the property either offset their costs or provided additional income?


All that equity invested would probably provide a lot MORE income than that rental studio.
by HomerJ
Mon Jul 07, 2014 12:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: When you retire you plan to?
Replies: 44
Views: 3377

Re: When you retire you plan to?

Original plan was to sell the big house in the suburbs, buy a smaller house on a lake (same price though) in a warmer state like Arkansas or Texas. Tired of winters. We recently bought a lake condo that's much smaller and much cheaper than our primary house (but high end), and we discovered we reall...
by HomerJ
Mon Jul 07, 2014 10:59 am
 
Forum: Personal Finance (Not Investing)
Topic: When you retire you plan to?
Replies: 44
Views: 3377

Re: I Hit My Number Today!

I have trouble coming up with a 'number'. I've heard or read that one would need about twelve times one's current job income. Again, the how and why of this 'number' is beyond me. It's just something that wiser heads have figured out. 25-30x expenses. That might make more sense to you. 12x one's cu...
by HomerJ
Fri Jul 04, 2014 3:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: I Hit My Number Today!
Replies: 31
Views: 3292

Re: I Hit My Number Today!

I think people without traditional pensions tend to be more "the number" oriented than those with because they have to provide their own pension. But wouldn't they prefer a larger self-provided pension than a smaller one? I always like more; I guess I am greedy that way. Time > money. I'm...
by HomerJ
Fri Jul 04, 2014 3:43 pm
 
Forum: Personal Finance (Not Investing)
Topic: I Hit My Number Today!
Replies: 31
Views: 3292

Re: Adult child @ home

wahnfried wrote:but if push comes to shove , do I have a legal right to evict an adult stepchild?


Might as well just get divorced and get your own house, since that will be the result.
by HomerJ
Fri Jul 04, 2014 3:03 pm
 
Forum: Personal Consumer Issues
Topic: Adult child @ home
Replies: 23
Views: 2147

Re: Using a variable annuity to pre-fund an SPIA

Thanks, HomerJ - yes I have TSM and TISM and tax-managed small cap, among others - my issue is I've moved to a conservative 35:65 portfolio so have $3.5mm of fixed income allocation and only ~$1.5mm of tax-preferred space...my 35% equities include 10% REITs which are in IRAs, thus shrinking further...
by HomerJ
Thu Jul 03, 2014 3:36 pm
 
Forum: Investing - Help with Personal Investments
Topic: Using a variable annuity to pre-fund an SPIA
Replies: 30
Views: 1346

Re: Using a variable annuity to pre-fund an SPIA

create more tax-sheltered space to minimize taxes in the next 10-20 years If you can keep the expenses below 1%, then JeffNat may work for you. But there's also the option of going with tax-efficient and tax-managed funds. The basic Total Stock Market Index Fund is very tax-efficient. Pretty much z...
by HomerJ
Thu Jul 03, 2014 2:04 pm
 
Forum: Investing - Help with Personal Investments
Topic: Using a variable annuity to pre-fund an SPIA
Replies: 30
Views: 1346

Re: In retirement you expect you standard of living to?

In order for your standard of living to go up a lot, one has to save a lot more. If I hit 55, and I can retire with the exact same standard of living I have today, I'm going to take that deal. Of course, my standard of living is pretty good right now. The other option is work an extra 5-10 years, so...
by HomerJ
Thu Jul 03, 2014 10:54 am
 
Forum: Personal Finance (Not Investing)
Topic: In retirement you expect your standard of living to?
Replies: 55
Views: 4519

Re: Using a variable annuity to pre-fund an SPIA

Their minimum expenses are 0.51%, plus the expenses of the fund they put you in... If you choose a low-cost Vanguard fund, they charge you another 0.35%... Actually, re-reading it, it appears the range of expenses from 0.51% - 3.59% (!!) include the expenses of the fund they put you in, and any low...
by HomerJ
Thu Jul 03, 2014 1:52 am
 
Forum: Investing - Help with Personal Investments
Topic: Using a variable annuity to pre-fund an SPIA
Replies: 30
Views: 1346

Re: Using a variable annuity to pre-fund an SPIA

https://www.jeffnat.com/secure/jef/products/productsummary.cfm?docid=088674F71FAE9B0CB9D48FCAC08B57C5ABAA910EC01BF12BA20423D04AD7576F&product=JMON3&CFID=426411&CFTOKEN=773fde89e58178d-CB155A17-CF51-FE5F-0F5A5AE6D452BD6C&jsessionid=62FE4275B672EB2E6034DB3C884B6328.cfusion Page 9 It's ...
by HomerJ
Thu Jul 03, 2014 1:41 am
 
Forum: Investing - Help with Personal Investments
Topic: Using a variable annuity to pre-fund an SPIA
Replies: 30
Views: 1346

Re: How risky is https: over public wi-fi?

nisiprius wrote:if you see a lock symbol on the screen, isn't it true that your communications are encrypted within your device, before they are sent over wi-fi, and therefore are moderately secure?


Yes, that's correct. I still wouldn't access my bank or Vanguard website from a public wifi if I could help it.
by HomerJ
Wed Jul 02, 2014 2:50 pm
 
Forum: Personal Consumer Issues
Topic: How risky is https: over public wi-fi?
Replies: 15
Views: 2331

Re: Using a variable annuity to pre-fund an SPIA

There is no way you are only paying $240 a year in "fees". You may only see a bill for $240, but there are expenses being deducted from your account that equal far more than that. Their minimum expenses are 0.51%, plus the expenses of the fund they put you in... If you choose a low-cost Va...
by HomerJ
Wed Jul 02, 2014 11:19 am
 
Forum: Investing - Help with Personal Investments
Topic: Using a variable annuity to pre-fund an SPIA
Replies: 30
Views: 1346
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