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Re: If you own a car, do you have a car payment?

No. Paid cash for both our cars.
by hq38sq43
Sat Jul 19, 2014 9:47 pm
 
Forum: Personal Consumer Issues
Topic: If you own a car, do you have a car payment?
Replies: 112
Views: 6875

Re: How much to retire

On TV's Wall Street Week many years ago, investment icon John Templeton used to opine that looking out 40 years prudent investments should yield this, that, or the other. Even at my age at that time, visions like that never appealed to me. Hard to argue with an icon, but just consider the many, many...
by hq38sq43
Sat Jun 28, 2014 7:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: How much to retire
Replies: 21
Views: 2923

Re: Equity% if 3% withdrawal for 40 years?

Apparently I misread your post. Sorry.

Best regards,
by hq38sq43
Fri Jun 20, 2014 12:30 pm
 
Forum: Investing - Theory, News & General
Topic: Equity% if 3% withdrawal for 40 years?
Replies: 12
Views: 1390

Re: Equity% if 3% withdrawal for 40 years?

Whenever contemplating my mortality while the primary financial support of my family (wife and 2 children), I always assumed that DW would and could immediately take the laboring oar financially and otherwise. My job was to provide what help I could through insurance, investments, etc., to ease that...
by hq38sq43
Fri Jun 20, 2014 12:59 am
 
Forum: Investing - Theory, News & General
Topic: Equity% if 3% withdrawal for 40 years?
Replies: 12
Views: 1390

Re: Can a dead woman take her RMD?

Throwing around a few Latin terms doesn't add to your credibility. Bruce Without getting into the rest of it. Mens rea is a term 'derived" from Latin but with a specific English language legal meaning. Cf. Subpoena , impromptu, verbatim , pro Rata, Habeus Corpus , versus etc. etc etc Habeas Co...
by hq38sq43
Wed Jun 04, 2014 3:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can a dead woman take her RMD?
Replies: 47
Views: 3289

Re: Can we defend a 4% Safe Withdrawal Rate?

Regardless of history, how can 4% or any other starting withdrawal rate not subject to adjustment as conditions change be rational? If the portfolio has shrunk the previous year, one withdraws less in the current year; if it has increased, one withdraws more or reinvests or give away the excess. Wha...
by hq38sq43
Mon May 26, 2014 8:54 pm
 
Forum: Investing - Theory, News & General
Topic: Can we defend a 4% Safe Withdrawal Rate?
Replies: 62
Views: 5478

Re: Favorite Investing Book?

It's very very hard for me to choose my favorite from the following list: Cashing in on The American Dream (Paul Terhorst) The Only Investment Guide You'll Ever Need (Andrew Tobias) Smart and Simple Financial Strategies for Busy People (Jane Bryant Quinn) The Little Book of Common Sense Investing (J...
by hq38sq43
Fri May 23, 2014 7:32 pm
 
Forum: Investing - Theory, News & General
Topic: Favorite Investing Book?
Replies: 50
Views: 4969

Re: Books for someone who is not that interested

The Only Investment Guide You'll Ever Need-Andrew Tobias At your local library :happy "The Dow was under 1000 when the book came out in 1978" "The basics never change. Live beneath your means, get off the debt treadmill, minimize your transaction costs, trust no one" http://andr...
by hq38sq43
Thu May 15, 2014 12:30 pm
 
Forum: Investing - Theory, News & General
Topic: Books for someone who is not that interested
Replies: 48
Views: 3258

Re: Thoughts on prenups

An alternative to hedging at the altar:

"With this Ring I thee wed, with my Body I thee worship, and with all my worldly Goods I thee endow . . ."

Anglican Book of Common Prayer (1662)

Best wishes,
by hq38sq43
Mon May 12, 2014 8:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: Thoughts on prenups
Replies: 99
Views: 4170

Re: Thoughts on prenups

In some cases, especially second marriages, prenups may be desirable, even necessary. But in most cases they indicate, IMHO, a lack of trust and confidence between the prospective partners. Warren Buffett has said and written many times that he has learned to do business only with people he likes, t...
by hq38sq43
Sat May 10, 2014 8:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Thoughts on prenups
Replies: 99
Views: 4170

Re: "The Simplest Wealth Plan Ever"

As we manage our own finances and opine how others should manage theirs, we should remember Clint Eastwood's admonition that tomorrow is promised to no one. Financial advisers (croupiers in Mr Bogle's words) also warn us (as required by law) that yesterday's results do not guarantee tomorrow's. But ...
by hq38sq43
Wed May 07, 2014 10:08 pm
 
Forum: Investing - Theory, News & General
Topic: "The Simplest Wealth Plan Ever"
Replies: 26
Views: 4665

Re: Why have a HELOC

Lots of good reasons to get or keep a HELOC noted by other posters. The only down side that occurs to me is that it might be abused/misused. Is there another?

Best regards,
by hq38sq43
Mon May 05, 2014 7:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: Why have a HELOC
Replies: 19
Views: 1710

Re: Skip IRA for 1 year to buy engagement ring

[quote="Raymond"]An old article (Feb. 1982) from The Atlantic : "Have You Ever Tried to Sell a Diamond?" As mentioned earlier in this thread, I think $1000 - 1500 would get you a decent engagement ring. However, you need to talk about a LOT of things with your girlfriend. I would...
by hq38sq43
Sun May 04, 2014 8:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: Skip IRA for 1 year to buy engagement ring
Replies: 194
Views: 13055

Re: Car Insurance - Which company do you use?

USAA since 1965. Can't beat them for service and hard to beat them for price. Their slogan is "We know what it means to serve," and I'm convinced they're right.

Best regards,
by hq38sq43
Wed Apr 30, 2014 8:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: Car Insurance - Which company do you use?
Replies: 19
Views: 1773

Re: San Francisco Restaurant Recommendations

While in Napa last week we were touted by a local couple (retired grade school teachers) to Fume Bistro and were very happy with its food, ambience, and prices.

:beer
by hq38sq43
Wed Apr 30, 2014 2:27 pm
 
Forum: Personal Consumer Issues
Topic: San Francisco Restaurant Recommendations
Replies: 44
Views: 2714

Re: Reducing Sequence of Returns Risk

I haven't researched reverse mortgages recently, but when I last did, the biggest knock on them was huge up-front cost. If they currently have anywhere near that cost, please compare it to establishing a low and sometimes no cost HELOC. "Reducing Sequence of Returns Risk" sounds to me like...
by hq38sq43
Thu Apr 10, 2014 8:17 pm
 
Forum: Investing - Help with Personal Investments
Topic: Reducing Sequence of Returns Risk
Replies: 11
Views: 1204

Re: The Three Fund Portfolio

Why shouldn't i invest mostly in value funds? Phokus: Welcome to the Bogleheads Forum! It is dangerous to invest in only a single stock category. The Callan Table linked by BL shows this graphically. Consider the more diversified Three Fund Portfolio recommended by many investing authorities. Best ...
by hq38sq43
Tue Apr 08, 2014 10:49 pm
 
Forum: Investing - Theory, News & General
Topic: Why shouldn't i invest mostly in value funds?
Replies: 22
Views: 1607

Re: John Bogle, Index Icon, Accused of Timing Market

The lesson Nelson learns from the interview with Bogle, whose “cult-like following” has “hundreds of thousands of individual investors hanging on his every word,” is to “trust a philosophy, not a person” who “can easily be swayed by prevailing market sentiments.” I agree with “trust a philosophy, n...
by hq38sq43
Sun Apr 06, 2014 11:59 am
 
Forum: Investing - Theory, News & General
Topic: John Bogle, Index Icon, Accused of Timing Market
Replies: 44
Views: 5715

Re: When does depreciating a rental property save on taxes?

Great explanation, thanks. So, to make sure I understand correctly: If I sell the house I bought for 200k 27.5 years later for the same price, 200k, I would pay 25% of 200k which is 50k. If I were to sell at 30 years, do I pay the same 50k because taking depreciation ends at 27.5 years? Likewise, I...
by hq38sq43
Tue Apr 01, 2014 11:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: When does depreciating a rental property save on taxes?
Replies: 70
Views: 4756

Re: New job, ready to start retirement planning

Best advice I can think of: Buy a copy of The Bogleheads' Guide to Investing (ca. $15 from Amazon, hopefully linked from this web site)) spend a few hours with it, then keep it close at hand for periodic re-reading).

Warm regards,
by hq38sq43
Mon Mar 31, 2014 8:30 pm
 
Forum: Investing - Help with Personal Investments
Topic: New job, ready to start retirement planning
Replies: 20
Views: 2176

Re: Are master limited partnerships worthwhile?

The handful of my tax clients who bought into (were sold) MLPs all got waxed. One was victimized by her brother, who played with her money (seven MLPs) until it almost disappeared. So much for affinity investing.

Best regards,
by hq38sq43
Thu Mar 27, 2014 7:09 pm
 
Forum: Investing - Theory, News & General
Topic: Are master limited partnerships worthwhile?
Replies: 25
Views: 1638

Re: When does depreciating a rental property save on taxes?

An important consideration is that upon sale of the property all depreciation, whether claimed (deducted) as an expense or not from time to time, will decrease the tax basis from which capital gain or loss is computed. Nothing is gained by declining or neglecting to claim the depreciation expense, s...
by hq38sq43
Sun Mar 23, 2014 10:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: When does depreciating a rental property save on taxes?
Replies: 70
Views: 4756

Re: New investor seeking advice.

Buy and read either The Only Investment Guide You'll Ever Need by Andrew Tobias, Smart and Simple Financial Strategies for Busy People by Jane Bryant Quinn, or The Bogleheads' Guide to Investing by Taylor Larimore et al. My favorite is the first one, because it is the shortest, most fun, and tells y...
by hq38sq43
Sat Mar 22, 2014 9:38 pm
 
Forum: Investing - Help with Personal Investments
Topic: New investor seeking advice.
Replies: 14
Views: 844

Re: Max TSP or Diversify Elsewhere?

Max it out. There's a few of us here that have done that and are TSP millionaires...all done without moving rollover IRA or 401k money from previous employers into the TSP. We did it the hard way, maxing out every year, one year at a time. It's very doable. Go for it. Agree completely. IMO the dive...
by hq38sq43
Fri Mar 21, 2014 12:21 am
 
Forum: Investing - Help with Personal Investments
Topic: Max TSP or Diversify Elsewhere?
Replies: 21
Views: 2692

Re: Using a convenience check

Deleted

Regards to all,
by hq38sq43
Tue Mar 18, 2014 11:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: Using a convenience check
Replies: 13
Views: 1579

Re: Viking River Cruises

DW and I have cruised twice with Viking: Rhone/Saone in 2009 and Danube in 2011. Very pleased with both. Are booked for Portugal's River of Gold Cruise this summer. We've been on one big ship ocean cruise and are disinclilned to go on another. Viking boats are just right for a relaxing, congenial cr...
by hq38sq43
Tue Mar 18, 2014 5:50 pm
 
Forum: Personal Consumer Issues
Topic: Viking River Cruises
Replies: 26
Views: 3142

Re: Used $35k Porsche on $64k income?

Beware the cost of maintaining an upscale vehicle.

Regards,
by hq38sq43
Tue Mar 04, 2014 6:32 pm
 
Forum: Personal Consumer Issues
Topic: Used $35k Porsche on $64k income?
Replies: 95
Views: 6769

Re: Savings & investment buckets for FSOs (TSP, Roth IRAs, E

During my 4-year FSO career in late '60s (truncated by 4 months in Vietnam, which caused me to resign) DW and I saved and paid down debt ferociously. Very glad now that we did. Don't deny yourselves unduly now, but early saving and investment is the passport to comfort in your "golden years.&qu...
by hq38sq43
Mon Mar 03, 2014 10:03 pm
 
Forum: Investing - Help with Personal Investments
Topic: Savings & investment buckets for FSOs (TSP, Roth IRAs, ERs)
Replies: 11
Views: 653

Re: Paying IRS taxes with a credit card when e-filing

If your credit card charges a 1.87% fee but rewards are 2.00%, then you save 13 basis points by using your card. On a $10,000 tax bill this earns you $13. How much do you value your time? I would be inclined to just write a check. Why assume OP's bill is $10,000? Working in an H&R Block office ...
by hq38sq43
Sun Mar 02, 2014 9:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: Paying IRS taxes with a credit card when e-filing
Replies: 7
Views: 648

Re: Why the love for target date funds?

Clearly, target retirement funds are not for everyone. But in her "Smart and Simple Financial Strategies for Busy People" Jane Bryant Quinn makes a very good case that for very many people they are virtually ideal. She agrees with Jack Bogle, Warren Buffett, and many others of like reputat...
by hq38sq43
Sun Mar 02, 2014 4:02 pm
 
Forum: Investing - Theory, News & General
Topic: Why the love for target date funds?
Replies: 71
Views: 4172

Re: Girl Scout Cookies - why not tax-deductible?

The seller's cost is irrelevant to tax deduction. The difference, if any, between what you pay for the cookies and their "fair market value" is your deduction, if any. Probably not worth fretting about. Buy the cookies, enjoy them, and forget about tax deduction.

Best regards,
by hq38sq43
Sat Mar 01, 2014 8:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: Girl Scout Cookies - why not tax-deductible?
Replies: 25
Views: 1920

Re: Wrist Watches

Timex. "It takes a licking and keeps on ticking." Jumped in the pool ca. 4 years ago forgetting the $80 Pulsar my son had gifted me from one of his first regular pay checks was on my wrist. Big mistake. Bought a $40 Timex replacement which I suspect would survive such a plunge, but I now a...
by hq38sq43
Fri Feb 28, 2014 9:37 pm
 
Forum: Personal Consumer Issues
Topic: Wrist Watches
Replies: 81
Views: 6621

Re: Is 19 too Early to invest in IRA?

19 is not too early to invest in an IRA, I started mine when I was 16 and haven't look back since. I suggest adding $5500 to a Roth IRA for 2013 before April 15th. Then you can add another $5500 for 2014, when you are ready to retire you will be very happy with this decision. Rebus sic stantibus (u...
by hq38sq43
Mon Feb 24, 2014 9:30 pm
 
Forum: Investing - Help with Personal Investments
Topic: Is 19 too Early to invest in IRA?
Replies: 21
Views: 1081

Re: Wanting to know if this financial situation is feasible

From a quick review of the advice you've received here I think the best is that you not count on an annual income more than about $60,000 from a portfolio of $3,000,000 and plan accordingly. Many people have blown through much bigger "fortunes" with amazing speed due to improvident spendin...
by hq38sq43
Wed Feb 19, 2014 2:42 am
 
Forum: Personal Finance (Not Investing)
Topic: Wanting to know if this financial situation is feasible
Replies: 73
Views: 5090

Re: What to do in Austin, TX

The LBJ Presidential Library. Wife and I visited a couple of years ago and were stunned by our ignorance of what President Johnson accomplished during his time as President, despite the Vietnam debacle. We lived through it and thought we knew, but we didn't. Rather than beer, barbecue, and such, ing...
by hq38sq43
Mon Feb 17, 2014 9:48 pm
 
Forum: Personal Consumer Issues
Topic: What to do in Austin, TX
Replies: 44
Views: 3554

Re: The Gecko cost me a lot of $. How often to switch car in

It's important to consider not only premium cost but also provider performance. We've insured with USAA for nearly 50 years, because their claim response has always been good-to-outstanding on the rare occasions we filed a claim. Unfortunately, USAA has largely withdrawn from the Florida Homeowners'...
by hq38sq43
Sat Feb 08, 2014 1:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: The Gecko cost me a lot of $. How often to switch car ins?
Replies: 78
Views: 7931

Re: $10+ M, age 49, seeking wisdom regarding retirement

You might enjoy and benefit from Cashing In On The American Dream by Paul Terhorst. It's a delightful book by a CPA who retired at 35 ca. forty years ago and has since then traveled the world with his wife, Vicky. I believe the book is out of print and more than somewhat out of date, but if you can ...
by hq38sq43
Wed Feb 05, 2014 8:51 am
 
Forum: Personal Finance (Not Investing)
Topic: $10+ M, age 49, seeking wisdom regarding retirement
Replies: 58
Views: 7802

Re: Placing a trade while the market is closed

Remembering the 22.61% October 19, 1987 market plunge and somewhat similar plunges on other days, I often wait until 3:30 pm or so before submitting an order. Sure, it's market-timing, but the decreased likelihood of suffering a substantial loss or missing a substantial gain in the 30 minutes before...
by hq38sq43
Fri Jan 31, 2014 9:18 pm
 
Forum: Investing - Theory, News & General
Topic: Placing a trade while the market is closed
Replies: 19
Views: 1534

Re: What Bond Fund do You Invest In?

My choice as a retired Fed and long time fan of both USAA and Vanguard is USAA Intermediate Term Muni Fund. Am somewhat conflicted between it and comparable Vanguard fund, but what the heck? Both companies and funds are great. I'm comfortable with my choice.

Best regards,
by hq38sq43
Sat Jan 25, 2014 11:13 pm
 
Forum: Investing - Theory, News & General
Topic: What Bond Fund do You Invest In?
Replies: 43
Views: 2746

Re: SUV Vs Sedan

As a long time fan of Hondas for cost and reliability, I have considered and driven Accords and CRVs. If I needed an SUV, I'd choose the CRV. But I don't need an SUV, so I have for years chosen the Accord, feeling more in control of it. Don't seem to see out of the CRV as well and never sure of my d...
by hq38sq43
Sat Jan 25, 2014 10:14 pm
 
Forum: Personal Consumer Issues
Topic: SUV Vs Sedan
Replies: 50
Views: 4077

Re: Help me understand why tax-advantaged is a lot better

Thanks for the reply dickenjb and MindBogler. To dickenjb, I'm interested to see a simulation over 30 years about what that tax difference would do. This is assuming that the investor maintain the same level of income. There are so many assumptions built into very long projections (30,40 yrs) it is...
by hq38sq43
Sat Jan 18, 2014 8:44 pm
 
Forum: Investing - Theory, News & General
Topic: Help me understand why tax-advantaged is a lot better
Replies: 63
Views: 5155

Re: Term UL vs term life insurance

Without knowing more about your situation, it seems gratuitous to give advice, But, here goes. IMHO, A father with young children should buy all the term insurance he can afford. Only after sufficient insurance to provide for the family is in place, should decisions regarding use of remaining resour...
by hq38sq43
Thu Jan 16, 2014 9:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: Term UL vs term life insurance
Replies: 6
Views: 696

Re: Home buy - Now or later (Big salary increase)

Sounds like you are well positioned to pay off the student loan; so, despite the currently low interest rate, I recommend you pay it off asap. I have encountered many people with a student loan mill stone dragging them down, and the sight ain't pretty. If your currently rosy future pans out, you wil...
by hq38sq43
Thu Jan 16, 2014 8:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: Home buy - Now or later (Big salary increase)
Replies: 32
Views: 3351

Re: What factors to consider when setting the [retirement] d

One consideration is always whether you are earning your keep. Toward the end of my career, I observed people around me hanging on to their "jobs," i.e., staying on the payroll to maximize their retirement benefits, although they were, as Professor Galbraith termed it, retired in place. Th...
by hq38sq43
Thu Jan 16, 2014 8:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: What factors to consider when setting the [retirement] date
Replies: 24
Views: 1576

Re: Highest safe withdraw rate

Cut-Throat wrote:
IlliniDave wrote: My own goal is to keep withdrawals at or below 2% during semi retirement and 3% thereafter.


Why do this ? Have you looked at VPW?


VPW?
by hq38sq43
Wed Jan 15, 2014 10:26 am
 
Forum: Investing - Theory, News & General
Topic: Highest safe withdraw rate
Replies: 49
Views: 3466

Re: swimming pool pumps

Many thanks to everyone,
by hq38sq43
Wed Jan 15, 2014 9:45 am
 
Forum: Personal Consumer Issues
Topic: swimming pool pumps
Replies: 8
Views: 880

swimming pool pumps

Our pool pump has died and we are shopping for a replacement. Hayward has two we are considering, one very expensive touted as energy efficient possibly eligible for rebate or tax credit, the other "regular" about half as expensive (ca. $600). We live in SW Florida. Advice/recommendations ...
by hq38sq43
Tue Jan 14, 2014 2:24 pm
 
Forum: Personal Consumer Issues
Topic: swimming pool pumps
Replies: 8
Views: 880

Re: misguided interest in div strategies

Warren Buffett has long maintained that managers and owners of corporations should think hard about the circumstances under which earnings should be retained and under which they should be distributed as dividends. He distinguishes "restricted earnings" which must be retained to maintain o...
by hq38sq43
Sat Jan 11, 2014 1:51 pm
 
Forum: Investing - Theory, News & General
Topic: misguided interest in div strategies
Replies: 200
Views: 14800

Re: Windfall advice, please

I'd ask Vanguard about doing an "in-kind" transfer and selling there. If that's an option, see what it would cost. Then sell at whichever place is cheaper, all costs considered. (EJ may charge an outgoing ACAT transfer fee, for example.) Once at Vanguard, I'd suggest you use mutual funds,...
by hq38sq43
Thu Jan 09, 2014 11:08 am
 
Forum: Investing - Help with Personal Investments
Topic: Windfall advice, please
Replies: 18
Views: 1743

Re: How low to go on selling a rental property?

Until it attracts an offer within a range close enough to what you can accept to imply possible negotiation to an acceptable offer. Everything else is sound an fury, signifying . . .

Best wishes,
by hq38sq43
Wed Jan 08, 2014 8:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: How low to go on selling a rental property?
Replies: 33
Views: 2423
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