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Re: lock-up for 20 years [20 year CD]

I would not. 20 years is a long time to lock up money at 4% interest. Inflation will raise its ugly head again and it would not surprise me to see CD rates in double digit again. The only rate you should lock up is the low mortgage interest rate.
by TravelforFun
Wed Nov 19, 2014 7:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: lock-up for 20 years [20 year CD]
Replies: 21
Views: 2484

Re: How premium cable can cost $59K

Everybody is different. Some like to watch premium channels, some enjoy fine dining, some like to travel, some love to buy things. As long as we have a budget, spend less than what we make, save and invest the difference wisely, and get to do things we enjoy... To me, that's living.
by TravelforFun
Sat Nov 15, 2014 12:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: How premium cable can cost $59K
Replies: 45
Views: 5149

Re: Slingbox to "Wire" TV two floors away?

Are you an AT &T Uverse subscriber? I had the same problem then I got an AT&T Uverse wireless receiver and now can plug the receiver to any TV to watch any program. Watching sports is more fun with theTV set up in the yard while grilling.
by TravelforFun
Sat Nov 15, 2014 12:36 pm
 
Forum: Personal Consumer Issues
Topic: Slingbox to "Wire" TV two floors away?
Replies: 22
Views: 2128

Re: Bogleheads, tell me about your 40's?

I'm about a year away from turning 40. What did you learn, what do you wish you had done differently, or what do you wish you had known at 40? Did you have any "crisis" experiences? Let's hear it! I learned that my 40's were our toughest years and that our 50's were much better than 40's....
by TravelforFun
Sat Nov 15, 2014 12:43 am
 
Forum: Personal Consumer Issues
Topic: Bogleheads, tell me about your 40's?
Replies: 100
Views: 13128

Re: Assisted Living

subham wrote:I took a LTC policy last year before prices hiked. Not sure if its a good idea financially.


It is if you want to protect your assets not unlike purchasing your homeowners insurance.
by TravelforFun
Wed Nov 12, 2014 8:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: Assisted Living
Replies: 24
Views: 1952

Re: Transition from Saving to Spending

But when she dies, our kids have a tax problem. At best, they get to roll their shares into an "Inherited IRA" and take RMDs using my life expectancy (and without any step-up in basis). At worst, the estate has to liquidate the IRA and pay ordinary income tax on the whole thing, as laid o...
by TravelforFun
Wed Nov 12, 2014 8:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: Transition from Saving to Spending
Replies: 37
Views: 3921

Re: Your car(s) are equal to how many months income

Bogleheads are cheap when it comes to cars, clothes, and watches.
by TravelforFun
Wed Nov 12, 2014 10:24 am
 
Forum: Personal Consumer Issues
Topic: Your car(s) are equal to how many months income
Replies: 93
Views: 6022

Re: Running contrary to the rule

Sounds like two separate investing philosophies...one set of rules for "those who have" and another set for the "average man". Lucky3 One size doesn't have to fit all. If you can live comfortably on pension and SS, no need to increase your bond or CD holding as you get closer to...
by TravelforFun
Mon Nov 10, 2014 3:03 pm
 
Forum: Investing - Theory, News & General
Topic: Running contrary to the rule
Replies: 8
Views: 599

Re: New Tony Robbins Book on Financial Freedom

wxz76 wrote:You're probably thinking about Kevin Trudeau.


Whatever happened to Kevin Trudeau? I was facinated with the expose ABC did on him a while back.
by TravelforFun
Sun Nov 02, 2014 8:44 pm
 
Forum: Investing - Theory, News & General
Topic: New Tony Robbins Book on Financial Freedom
Replies: 66
Views: 11402

Re: Bonds: Percentage or Absolute Dollar Amount

I plan on having enough bonds, cash and CDs (low risk investments) to cover 10 years of expenses when I retire, and since my planned safe withdrawal rate is 3%, 30% of my asset will be of the low risk investment kind on the date of my retirement. Then every year, I'll rebalance to maintain the 30%. ...
by TravelforFun
Sat Nov 01, 2014 1:24 pm
 
Forum: Investing - Help with Personal Investments
Topic: Bonds: Percentage or Absolute Dollar Amount
Replies: 11
Views: 562

Re: What are you up YTD?

80% equity. YTD up 18% partly due to a sale of American Airlines stock and buying Apple stock in August 2014.
by TravelforFun
Fri Oct 31, 2014 11:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: What are you up YTD?
Replies: 213
Views: 18617

Re: Do you dream about retirement?

bertilak wrote:I'm retired and dream about work!

Not retired yet but this is what I'm afraid because I love what I do.
by TravelforFun
Mon Oct 27, 2014 9:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do you dream about retirement?
Replies: 91
Views: 6592

Re: "I've had it" at work - how often

I'm in engineering and construction and I can say my work today is as exciting and satisfying as it was when I began my career 38 years ago. I've had four employers. I stayed with the first three ten plus years each and am in my third year with the current employer. I think if you choose a field tha...
by TravelforFun
Sat Oct 18, 2014 9:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: "I've had it" at work - how often
Replies: 151
Views: 12641

Re: Is it possible to have a favorite movie

Most favorite: Godfather II. There are several close seconds.
by TravelforFun
Fri Oct 17, 2014 9:45 am
 
Forum: Personal Consumer Issues
Topic: Is it possible to have a favorite movie
Replies: 82
Views: 3285

Re: When people put all their eggs in the wrong basket

greg24 wrote:Unfortunately, greed has a large part in such an undertaking.

Agree! Stupidity didn't cause those people to put all their money in one stock. Greed did. The same greed that lures older folks to investment lunches and dinners.
by TravelforFun
Wed Oct 08, 2014 10:28 am
 
Forum: Investing - Theory, News & General
Topic: When people put all their eggs in the wrong basket
Replies: 233
Views: 28865

Re: Tell me about Paris

1- how safe is the city at late night for a family with kids trying to get to their hotel (using public transportation)? Are there specific areas that should be avoided? For our budget, we are looking at Clignancourt (just north west of Gare du l'Est and near Sacre Coeur) and Gallieni (Paris East -...
by TravelforFun
Mon Oct 06, 2014 11:13 pm
 
Forum: Personal Consumer Issues
Topic: Tell me about Paris
Replies: 65
Views: 3774

Re: Wife Expecting, Down to One Income Source

Any stories out there of moving to one income source and making it work! TB I wouldn't worry too much about it. I went through this three times and each time we became a one-income family for about two years. We survived by cutting back on unnecessary expenses and me picking up a part-time job here...
by TravelforFun
Mon Oct 06, 2014 11:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: Wife Expecting, Down to One Income Source
Replies: 116
Views: 8760

Re: Quantum of the Seas

investingdad wrote:We're planning a family cruise on Anthem of the Seas in 2015. Been awhile since we sailed, should be interesting. Let us know how the trip goes.

I will let you know since the Anthem is identical to the Quantum.
by TravelforFun
Wed Sep 17, 2014 11:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: Quantum of the Seas
Replies: 2
Views: 816

Re: Which debt to tackle first?

I'd use Ramsey's baby steps and knock out smaller loans first regardless of interest rates to gain momentum. Cut back on spending and apply the extra money towards debts until you're debt-free except for the mortgage.
by TravelforFun
Wed Sep 17, 2014 10:03 am
 
Forum: Personal Finance (Not Investing)
Topic: Which debt to tackle first?
Replies: 21
Views: 1254

Re: How much to self insure LTC and longevity? hypothetical

I would add LTC insurance premium (say $300 per month for the couple) to your monthly expense. Now you need to withdraw $3,800 ($6,300 - $2,500) per month from your investment to live on. I would multiply $3,800 x 12 months x 33.3 or $1.5 million. That would be the size of my investment. I would wit...
by TravelforFun
Tue Sep 16, 2014 12:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: How much to self insure LTC and longevity? hypothetical
Replies: 13
Views: 735

Re: Key to happintess in retirement.

I'm five years from retirement. I got all the keys covered except for No. 4. Still trying to figure out what I'll do with the extra 10-12 hours every day.
by TravelforFun
Tue Sep 16, 2014 9:28 am
 
Forum: Personal Finance (Not Investing)
Topic: Key to happiness in retirement
Replies: 36
Views: 3774

Re: Trip to Greece

Our trip bolg is here: http://bocung.com/going_to_greece.html I was thoroughly enchanted by your blog and will use it in the future. Not to be critical but the heading in Day 1 and Day 2, you have the year as 2004. Just thought you might like to know. Peterjens, thanks. I will fix it. Swampy, Greec...
by TravelforFun
Tue Sep 16, 2014 7:19 am
 
Forum: Personal Consumer Issues
Topic: Trip to Greece
Replies: 10
Views: 733

Trip to Greece

My wife and I and some friends went to Greece last month and had a great time. We spent 8 days visiting Athens, Mykonos, Patmos, Crete and Santorini and I would highly recommend a Greece vacation. Thanks for the bogleheads who gave us advice. Our trip bolg is here: http://bocung.com/going_to_greece....
by TravelforFun
Mon Sep 15, 2014 11:03 pm
 
Forum: Personal Consumer Issues
Topic: Trip to Greece
Replies: 10
Views: 733

Re: V6 or V8 engine for new Chrysler 300

Bogleheads should stick with Honda or Toyota! I got two.
by TravelforFun
Thu Sep 11, 2014 11:21 pm
 
Forum: Personal Consumer Issues
Topic: V6 or V8 engine for new Chrysler 300
Replies: 25
Views: 1763

Re: Cruise Around the World

minhnusa wrote:How do u manage ur bills while away from home?


This is so easy nowadays. I pay all my bills including utility bills and check my investments online. Round-the-world ships better have good WiFi.
by TravelforFun
Tue Sep 09, 2014 10:54 pm
 
Forum: Personal Consumer Issues
Topic: Cruise Around the World
Replies: 14
Views: 1495

Re: AAPL

I'm holding on to my AAPL stock. I will get the iPhone 6 Plus on September 19th and if I like it, I will continue to keep AAPL.
by TravelforFun
Tue Sep 09, 2014 10:49 pm
 
Forum: Investing - Help with Personal Investments
Topic: AAPL
Replies: 190
Views: 41491

Re: How much life insurance do I need?

1. How much life insurance should we each have?. 25 to 30 times your take home income. If your gross salary is $50K and your take home pay is $30K a year, get a $750K to $900K policy. When you die, your wife would invest the money and and safely withdraw 3-4% per year to replace your take home inco...
by TravelforFun
Wed Sep 03, 2014 12:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: How much life insurance do I need?
Replies: 22
Views: 1768

Re: Savers vs. Spenders: Default Mode

Money's purpose (or telos, in the philosophical sense) is to be spent. I want to "enjoy" every dollar that I spend, because I use it to provide for my needs and to give me the pleasure of the things that I want. If I don't enjoy spending my money, then the money hasn't served its purpose....
by TravelforFun
Wed Aug 27, 2014 12:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: Savers vs. Spenders: Default Mode
Replies: 34
Views: 2324

Re: What is your most memorable 1 week vacation?

TravelforFun wrote:Just got back from an eight-day trip to Mykonos and Santorini. I highly recommend it.

Highly Recommeded! http://bocung.com/going_to_greece.html
by TravelforFun
Sun Aug 24, 2014 11:07 pm
 
Forum: Personal Consumer Issues
Topic: What is your most memorable 1 week vacation?
Replies: 91
Views: 8223

Re: Retirement Fund Withdrawal and Term Life Insurance

To the OP--did you take action on that insurance plan? We are also considering this TIAA-CREF insurance policy as an alternative to CDs... We are probably doing 2MM in second to die policy as just short term holding vehicle for next 2-3 years depending on what happens with the Fed's rate. Have had ...
by TravelforFun
Sun Aug 24, 2014 8:13 am
 
Forum: Personal Finance (Not Investing)
Topic: Retirement Fund Withdrawal and Term Life Insurance
Replies: 11
Views: 1298

Re: Pay cash for flight on sale, or use FF mileage quandry

I use Barclay card and redeem points to pay for travel expenses. I earn at least 1 point for each dollar charged to my card. You can redeem points for cash back but you would get more value if you redeemed points to pay air fares or hotel bills. My points are easily worth 2 cents per point. No need ...
by TravelforFun
Sat Aug 23, 2014 1:01 pm
 
Forum: Personal Consumer Issues
Topic: Pay cash for flight on sale, or use FF mileage quandry
Replies: 30
Views: 2301

Re: What is your most memorable 1 week vacation?

Just got back from an eight-day trip to Mykonos and Santorini. I highly recommend it.
by TravelforFun
Thu Aug 07, 2014 1:18 pm
 
Forum: Personal Consumer Issues
Topic: What is your most memorable 1 week vacation?
Replies: 91
Views: 8223

Re: Who on here owned American Airlines Stock

I got everything back and more. Now, I'm shocked the other way.
by TravelforFun
Sat Jul 19, 2014 12:29 am
 
Forum: Investing - Help with Personal Investments
Topic: Who on here owned American Airlines Stock
Replies: 21
Views: 2007

Re: A Romney Problem

DonCamillo wrote:It is Romney's heirs that are going to get clobbered.


True! If he passed, his wife would be okay but when she passed, their kids would get clobbered!
by TravelforFun
Fri Jul 18, 2014 8:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: A Romney Problem
Replies: 16
Views: 2058

A Romney Problem

What other Bogleheads have done to soften the tax hit if you had most of your money in 401K and IRA accounts and had to take RMD? I will have to deal with RMD in a few years. I read somewhere that Mitt Romney has a similar problem.
by TravelforFun
Fri Jul 18, 2014 6:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: A Romney Problem
Replies: 16
Views: 2058

Re: investing and debt

I'd invest just enough to get the company match and throw everything at debts that have interest rates of 4% or higher because there is no risk-free investment that would give you that kind of return. Then I'd focus on the mortgage and pay it down as quickly as possible until I can eliminate the PMI...
by TravelforFun
Sat Jul 05, 2014 11:27 am
 
Forum: Personal Finance (Not Investing)
Topic: investing and debt
Replies: 22
Views: 1461

Re: Please Help Me Plan A Trip To Italy

I've been to Rome, Venice, Lake Como, Bellagio and the Amalfi Coast. I strongly recommend Amalfi Coast.
http://bocung.com/amalfi_coast_2011.html
by TravelforFun
Fri Jul 04, 2014 12:08 am
 
Forum: Personal Consumer Issues
Topic: Please Help Me Plan A Trip To Italy
Replies: 31
Views: 2359

Re: Continue subscribing to local newspaper?

Have not read hard copy newspapers, had land line phones, gone to a bank, and written checks for years. I'm not missing the good old days.
by TravelforFun
Fri Jul 04, 2014 12:05 am
 
Forum: Personal Consumer Issues
Topic: Continue subscribing to local newspaper?
Replies: 86
Views: 6590

Re: Who do you talk with about your financial goals?

Once a year, wife and I update our Asset List and send it to our three adult children. The list includes names of financial institutions where we have accounts, account numbers, and the amounts in the accounts. We don't have any debts hence, there is no Liability List. Kids seem to appreciate being ...
by TravelforFun
Tue Jul 01, 2014 12:57 am
 
Forum: Personal Finance (Not Investing)
Topic: Who do you talk with about your financial goals?
Replies: 158
Views: 9577

Re: How much to retire

25-33x expenses less (annual amount of social security, pensions if any, 0.5x annual amount of dividends) For hypothetical example: Annual expenses with tax equals $60K Annual Social Security equals ($22k) Annual pension equals a big fat 0. Annual dividends equals (0.5x10k) ($5k) Target retirement ...
by TravelforFun
Sat Jun 28, 2014 1:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: How much to retire
Replies: 21
Views: 2977

Re: Want to Save Money? Be Polite!

astrohip wrote:
“And, in the end
The love you take
is equal to the love you make.”



My favorite Beatles' quote too.
by TravelforFun
Sat Jun 28, 2014 1:43 pm
 
Forum: Personal Consumer Issues
Topic: Want to Save Money? Be Polite!
Replies: 41
Views: 6895

Quantum of the Seas

Any bogleheads who may be cruising on the brand new Royal Caribbean ship, the Quantum of the Seas, on 4/12/2015? I just booked it for me, my wife, and some of our friends and sure would like to meet up with you.
by TravelforFun
Fri Jun 27, 2014 12:14 am
 
Forum: Personal Finance (Not Investing)
Topic: Quantum of the Seas
Replies: 2
Views: 816

Re: Want to Save Money? Be Polite!

A sign at a restaurant in Nice, France reads: Coffee Prices on the Terrace "One coffee" .....................................7 Euros "One coffee, please"............................4.25 Euros "Good morning! One coffee please" ....... 1.40 Euros http://www.theguardian.c...
by TravelforFun
Thu Jun 26, 2014 9:39 pm
 
Forum: Personal Consumer Issues
Topic: Want to Save Money? Be Polite!
Replies: 41
Views: 6895

Re: How do you afford to travel?

To travel and to enjoy traveling, you have to have: money, time, good health, and a desire to see and learn new things. For oversea traveling, start small first by going to Canada or Mexico to see how you like to be on long flights, going through custom, and hanging with people who don't speak the s...
by TravelforFun
Thu Jun 26, 2014 10:27 am
 
Forum: Personal Consumer Issues
Topic: How do you afford to travel?
Replies: 68
Views: 6637

Re: Paperless Statements (bank checking acct)

No more hard copies for me. Bank, financial, insurance statements are all electronic now.
by TravelforFun
Thu Jun 26, 2014 12:04 am
 
Forum: Personal Finance (Not Investing)
Topic: Paperless Statements (bank checking acct)
Replies: 64
Views: 3349

Re: Want to Save Money? Be Polite!

JupiterJones wrote:
TomatoTomahto wrote:You obviously don't live in NJ. We're not trusted to pump our own gas.


Oregon's the same way.


No I don't live in NJ or OR. Here in Texas, full-service gas stations no longer exist.
by TravelforFun
Thu Jun 26, 2014 12:01 am
 
Forum: Personal Consumer Issues
Topic: Want to Save Money? Be Polite!
Replies: 41
Views: 6895

Re: Want to Save Money? Be Polite!

TomatoTomahto wrote:My family accuses me of having the human equivalent of a puppy's wagging tail. It is nearly always appreciated by the various clerks, waiters, cashiers, gasoline pumpers, etc.


Gasoline pumpers? What's that? LOL
by TravelforFun
Wed Jun 25, 2014 8:34 am
 
Forum: Personal Consumer Issues
Topic: Want to Save Money? Be Polite!
Replies: 41
Views: 6895

Want to Save Money? Be Polite!

A sign at a restaurant in Nice, France reads: Coffee Prices on the Terrace "One coffee" .....................................7 Euros "One coffee, please"............................4.25 Euros "Good morning! One coffee please" ....... 1.40 Euros http://www.theguardian.co...
by TravelforFun
Tue Jun 24, 2014 11:35 pm
 
Forum: Personal Consumer Issues
Topic: Want to Save Money? Be Polite!
Replies: 41
Views: 6895

Re: % of expenses in retirement

Ditto. Isn't it strange to think of having more money in retirement, when you're not working, than you did when you were working. We will spend every dime of our social security benefits (to be taken when I'm 70) plus 3% of our investment which will be equal to 200% of our pre retirement expenses.7...
by TravelforFun
Mon Jun 23, 2014 2:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: % of expenses in retirement
Replies: 47
Views: 3321

Re: Poll: Dave Ramsey - Harmful or helpful?

twindad57 wrote:Overall helpful. I used his techniques when I was drowning in debt to get out of it.


I hope your diet wasn't just beans and rice and you didn't have to deliver pizzas.
by TravelforFun
Sun Jun 22, 2014 9:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: Poll: Dave Ramsey - Harmful or helpful?
Replies: 65
Views: 5381
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