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Re: Boomer forced to retire (unemployed)

54 is a tough age to be laid off. He is too young for retirement but encounters age discrimination in his job search. I have hired several managers in that age range who worked out well for me. I based my decision more on their experience and references than how they presented themselves. I remember...
by johnep
Sat Mar 28, 2015 8:00 am
 
Forum: Personal Finance (Not Investing)
Topic: Boomer forced to retire (unemployed)
Replies: 34
Views: 3939

Re: Economics of climbing the ladder - experiences requested

Whenever I read comments about how management is filled with sociopaths and management doesn't care about anyone but themselves, I'm surprised. It just hasn't been my experience at all. Maybe I've just been lucky, but I specifically look for corporate culture as a factor in deciding where to work. ...
by johnep
Sat Mar 28, 2015 7:12 am
 
Forum: Personal Finance (Not Investing)
Topic: Economics of climbing the ladder - experiences requested!
Replies: 25
Views: 2725

Re: Benefits of setting up a Trust Account

There are different types of trust account, each intended for different purposes. Please give us more information about what you are trying to accomplish so that we may give you information about the type of trusts that may meet your needs (or not).
by johnep
Fri Mar 27, 2015 7:47 am
 
Forum: Investing - Help with Personal Investments
Topic: Benefits of setting up a Trust Account
Replies: 16
Views: 1907

Re: Investment Property - Why doesn't this make sense?

I think option B is fine if he is pretty confident in renting through a good management company and realizing roughly $1900. Since the home is relatively new, maintenance costs should be minimal for a while without any major costs, like replacing HVAC or roof. Another consideration is how well does ...
by johnep
Fri Mar 27, 2015 7:39 am
 
Forum: Investing - Theory, News & General
Topic: Investment Property - Why doesn't this make sense?
Replies: 18
Views: 1861

Re: CPA, CFP, CFA, MBA - all needed to be a financial advise

I am always a little dubious of someone who feels the need to have so many credentials to prove his worth, in this case as a financial adviser.
by johnep
Fri Mar 20, 2015 7:33 am
 
Forum: Personal Finance (Not Investing)
Topic: CPA, CFP, CFA, MBA - all needed to be a financial adviser?
Replies: 19
Views: 1294

Re: Trust Advice

I have never had to do this but it seems the simplest and perhaps safest approach is to designate several well established charities whom you and your wife support or favor.
by johnep
Fri Mar 20, 2015 7:26 am
 
Forum: Personal Finance (Not Investing)
Topic: Trust Advice
Replies: 6
Views: 650

Re: Costco optical

I have used Costco for optical needs past 10 years and have been extremely satisfied. Their prices are good and they provide a good selection of frames and options. Their sales people are knowledgeable and helpful but are not pushing high dollar items like other optical retailers. Their service and ...
by johnep
Thu Mar 19, 2015 6:25 am
 
Forum: Personal Consumer Issues
Topic: Costco optical
Replies: 30
Views: 3209

Re: Medicare -- Credible Coverage

I believe that credible coverage is also a requirement to sign up for Part D and a Medigap policy without penalty or underwriting should you require either of those.
by johnep
Thu Mar 19, 2015 6:18 am
 
Forum: Personal Finance (Not Investing)
Topic: Medicare -- [Creditable] Coverage
Replies: 8
Views: 818

Re: My Greatest Weakness.

Good Afternoon All, Today I would like to discuss weakness. How it affects your investments, your career and your greater life. Recently I started a thread looking for some career guidance: https://www.bogleheads.org/forum/viewtopic.php?t=158146 I got some great suggestions and since then I have be...
by johnep
Wed Mar 18, 2015 8:14 am
 
Forum: Personal Finance (Not Investing)
Topic: My Greatest Weakness.
Replies: 37
Views: 5693

Re: Defined-Benefit Retirement Plan

I have a local govt pension from DB plan. I contributed 6% of my pre tax salary to plan when working. My employer contributed a variable amount, depending upon what was needed to meet the plan's long term liabilities. The calculation for that is very complicated and is done by an actuarial consultan...
by johnep
Sat Mar 14, 2015 7:11 am
 
Forum: Personal Finance (Not Investing)
Topic: Defined-Benefit Retirement Plan
Replies: 11
Views: 1132

Re: New car question

Salvage companies will pay dealers to take an older car that is not practical to be repaired. A salvage company came to my house and picked up an older car I had, and paid me $400 last year.
by johnep
Sat Mar 14, 2015 6:45 am
 
Forum: Personal Finance (Not Investing)
Topic: New car question
Replies: 5
Views: 660

Re: Cleaning my back yard?

You may not need a pressure washer. A good cleaner and a long handled stiff brush, typically used for sweeping, may do the job. Also, are the brick pavers set in mortar? If they are set in sand or dirt, spray washer will not work.
by johnep
Sat Mar 14, 2015 6:40 am
 
Forum: Personal Consumer Issues
Topic: Cleaning my back yard?
Replies: 39
Views: 4285

Re: Fidelity Contrafund

I own Contrafund and have been very pleased with its long term results. However, due to its huge size and number of holdings, it is now effectively a "closet index" fund. I will probably transfer my Contrafund holding to VTI. I just have not taken the time to do it. My Contrafund is in a T...
by johnep
Fri Mar 13, 2015 8:11 am
 
Forum: Investing - Help with Personal Investments
Topic: Fidelity Contrafund
Replies: 28
Views: 3274

Re: How would you handle this.. Contractor budget question

One option would be to get at least 2 other contractors to bid on the project. This will let you know whether the designer's price is reasonable or not. If these quotes are lower, you could use that for negotiations with the designer. Personally, I would probably go with the designer unless his pric...
by johnep
Fri Mar 13, 2015 7:39 am
 
Forum: Personal Finance (Not Investing)
Topic: How would you handle this.. Contractor budget question
Replies: 7
Views: 626

Re: How do you use your email?

This is topical for various reasons, but I have been wondering .... how should I treat my email correspondence, and do you behave as if your email is private? Are you more careful when putting something down in writing? I assume that every email I send could someday be read by a Federal Judge or a ...
by johnep
Thu Mar 12, 2015 7:37 am
 
Forum: Personal Consumer Issues
Topic: How do you use your email?
Replies: 16
Views: 1364

Re: Bonus received. But its not what was agreed upon. Advi

Just move on. It is too much trouble to try and recoup a mere $500. Also, it may or may not be important to you, but you risk burning bridges, hurting relationships and jeopardize future references. FWIW, I resigned from a company after the end of their fiscal year and was shorted about $8,000 in my...
by johnep
Thu Mar 12, 2015 7:00 am
 
Forum: Personal Finance (Not Investing)
Topic: Bonus received. But its not what was agreed upon. Advice?
Replies: 61
Views: 5076

Re: What would YOU want from a financial advisor?

Here are some things an advisor could help with: Asset allocation is typically one thing. Asset location is another along with how to invest very tax-efficiently. How to get the lowest possible fees/expenses on my investments (no commissions, sub 0.10% expense ratios). Tax advice such as how to pay...
by johnep
Wed Mar 11, 2015 7:59 am
 
Forum: Investing - Help with Personal Investments
Topic: What would YOU want from a financial advisor?
Replies: 28
Views: 2271

Re: Muni bonds vs. Treasuries - Please explain to me like I'

There are other risks about muni bonds that are not related to default. I post enough about this to get someone who knows it better to explain it. Recently, there was a discussion about this. As you might know, the duration of a bond fund determines just how sensitive the fund is to increases in in...
by johnep
Tue Mar 10, 2015 7:32 am
 
Forum: Investing - Theory, News & General
Topic: Muni bonds vs. Treasuries - Please explain to me like I'm 5
Replies: 25
Views: 2560

Re: Poll: Are you happy after retirement?

I was happy before and after retirement. However, after 4 years, retirement is getting a little boring. I am active in a number of things, but need to get involved in more volunteer things.
by johnep
Tue Mar 10, 2015 7:24 am
 
Forum: Personal Finance (Not Investing)
Topic: Poll: Are you happy after retirement?
Replies: 24
Views: 2243

Re: What's your definition on Working and Retired?

I retired from my paying job in 2010. I remain active in a variety of non profit endeavors and volunteer my time to church and other charities. I think that many, like myself, consider themselves retired when they stop working for a pay check.
by johnep
Tue Mar 10, 2015 7:11 am
 
Forum: Personal Finance (Not Investing)
Topic: What's your definition on Working and Retired?
Replies: 24
Views: 1700

Re: What is your fixed income mix?

Retired with 65% allocation to fixed income. Currently CDs, Stable Value, Vanguard Intermediate Inv Gr Corp, Vanguard HY Corp, Dodge & Cox Income, and Vanguard Intermediate Muni in taxable. My DW has Vanguard ST Corp.
by johnep
Mon Mar 09, 2015 7:26 am
 
Forum: Investing - Help with Personal Investments
Topic: What is your fixed income mix?
Replies: 33
Views: 2396

Re: Home workouts and motivation

I am 70 years old and manage to stay fit with combination of elliptical, walking, swimming and weights. I do elliptical 3 days a week at Y along with weights. I walk other days, usually about 3 miles and do some exercises. I also do some swimming but have slacked off of that recently due to sore nec...
by johnep
Mon Mar 09, 2015 7:19 am
 
Forum: Personal Consumer Issues
Topic: Home workouts and motivation
Replies: 60
Views: 2838

Re: 2 Million Dollar Settlement, what to do with it?

A disproportionate number of former NFL players have serious health issues at an early age due to the violent nature of the sport. Things like dementia, knees and many others that can be crippling and debilitating. He needs to make sure he has a very good insurance policy to cover himself until he r...
by johnep
Mon Mar 09, 2015 7:00 am
 
Forum: Investing - Help with Personal Investments
Topic: 2 Million Dollar Settlement, what to do with it?
Replies: 31
Views: 3977

Re: Retires: How much do you rely on investment income?

My pension and our SS more than cover our annual expenses. However, the pension is non COLA so it is likely that in future, we will have to rely on investments for part of our expenses. I have used a small amount of investments to partially cover some remodeling we have done. But in 4+ years of reti...
by johnep
Mon Mar 09, 2015 6:53 am
 
Forum: Investing - Theory, News & General
Topic: Retirees: How much do you rely on investment income?
Replies: 31
Views: 4114

Re: stress management tips?

I had a very high stress job for nearly 30 years. One of my stress relievers was jogging. I only did about 3 to 4 miles 5 times a week but it really helped. It often felt like the weight of the world had been lifted off my shoulders after a good jog. Find a good strenuous exercise that you really en...
by johnep
Sat Mar 07, 2015 8:14 am
 
Forum: Personal Consumer Issues
Topic: stress management tips?
Replies: 19
Views: 1671

Re: When will / did you claim Social Security benefits?

I took SS at FRA = 66 and retired 3 months later. This was 4 years ago. I thought I had planned my retirement really well and had my plan reviewed by financial planners twice shortly before retiring. DW and I took a retirement class at local CC shortly before retirement and the CFP instructor never ...
by johnep
Sat Mar 07, 2015 7:55 am
 
Forum: Personal Finance (Not Investing)
Topic: When will / did you claim Social Security benefits?
Replies: 147
Views: 10579

Re: New to investing - need advice

Questions: 1. Should we continue to build our emergency fund to 3 mos before we resume the SIMPLE contribution or should we take advantage of the match? I would try to get the 3% match if possible. This may take you longer to build the EF. EF should be first priority but getting the 3% match helps ...
by johnep
Sat Mar 07, 2015 7:39 am
 
Forum: Investing - Help with Personal Investments
Topic: New to investing - need advice
Replies: 5
Views: 442

Re: Backpedaling: Rising Equity Allocation During Retiremen

The flip side of this is the idea that equity allocations should drop around retirement. That is because of sequence of returns risk.* Put that together with the Kitces and Pfau paper, and you have this shiny new thing. I agree with nisiprius, the whole thing was (is) poorly understood and oversold...
by johnep
Thu Mar 05, 2015 8:07 am
 
Forum: Investing - Theory, News & General
Topic: Backpedaling: Rising Equity Allocation During Retirement
Replies: 38
Views: 3689

Re: Wife tired of saving...

Wife and I have had the same mindset since we meet and got married. Fast Forward 16 years and a net worth of 1.9m, she is tired of saving and not doing much with the money. We have 2 kids (9 and 2) and live in a townhome but now she wants to move to a larger home. The townhome is enough but every s...
by johnep
Thu Mar 05, 2015 7:51 am
 
Forum: Personal Finance (Not Investing)
Topic: Wife tired of saving...
Replies: 203
Views: 19247

Re: Retiree Poll: Satisfaction with retirement

I chose neither satisfied nor dissatisfied. DW and I are in good health and have no financial worries so we are thankful for that. I have been retired for 4 years. The first 2 to 3 years were extremely busy. I did a lot of volunteer work, some major remodeling, did some traveling and took care of my...
by johnep
Wed Mar 04, 2015 8:14 am
 
Forum: Personal Consumer Issues
Topic: Retiree Poll: Satisfaction with retirement
Replies: 53
Views: 4025

Re: Opinions on living in Jacksonville FL?

I live 200 miles inland in NC. Most East Coast hurricanes hit the NC coast more often than anywhere else. If you look at a map, the NC coast is farther east than SC, GA or northern Florida. My daughter lives in Charleston and has only experienced a couple of minor hurricanes in the 20 years she has ...
by johnep
Tue Mar 03, 2015 1:25 pm
 
Forum: Personal Consumer Issues
Topic: Opinions on living in Jacksonville FL?
Replies: 19
Views: 1955

Re: Lumber Liquidators Safety Issue

Any company that buys their products from Chinese must be vigilant in quality control, otherwise they will eventually pay the price like LL. LL is not unique to this sort of thing. If they had exercised reasonable quality control, this would not have happened. I have bought LL wood flooring that was...
by johnep
Tue Mar 03, 2015 7:16 am
 
Forum: Personal Consumer Issues
Topic: Lumber Liquidators Safety Issue
Replies: 19
Views: 1940

Re: Is any sector fund better than Total Market fund?

The 10 year returns posted by sector show 7 that outperformed TSM and 4 that underperformed. The question is which sectors will outperform over the next 10 years. We can speculate about that but no one knows for sure. Those that have high expectations probably also have built those expectations into...
by johnep
Mon Mar 02, 2015 7:37 am
 
Forum: Investing - Help with Personal Investments
Topic: Is any sector fund better than Total Market fund?
Replies: 10
Views: 945

Re: Would you buy into this state defined benefit pension?

This sounds like a good deal. The only caveat would be the health of the pension plan. As others have stated, some state pension systems are seriously underfunded. The following link is a ranking of funding levels: http://assets.thefiscaltimes.com/TFT2_20101228/App_Data/MediaFiles/8/A/7/%7B8A7FE094-...
by johnep
Sun Mar 01, 2015 7:47 am
 
Forum: Investing - Help with Personal Investments
Topic: Would you buy into this state defined benefit pension?
Replies: 16
Views: 1189

Re: slice and dice question (fixed income)

I was recommended these by a financial adviser. Are these more/less risky than just investing the money in BND? They are all more risky. I have the Vanguard HY Corporate (VWEAX, ER: .13%) which is HY with the inherent credit risk but is more moderate in risk than many other HY funds. The big risk w...
by johnep
Sun Mar 01, 2015 7:24 am
 
Forum: Investing - Help with Personal Investments
Topic: slice and dice question (fixed income)
Replies: 10
Views: 838

Re: Replacing exterior door ease?

My son has done this for me a couple of times in a 43 year old house. The last time he replaced the door without the frame and it went in pretty well. It is a nice tight fit. My guess is if your door frame is pretty square it should not be a problem.
by johnep
Sat Feb 28, 2015 8:21 am
 
Forum: Personal Finance (Not Investing)
Topic: Replacing exterior door ease?
Replies: 10
Views: 706

Re: I survived my initial performance improvement mtg. Now w

Congratulations on your PIP. It sounds like this will buy you time to find another job provided you execute your plan well. I think it is a good idea to interact in person with your field staff. I would caution about overdoing the rah rah company thing. You certainly need to represent the company po...
by johnep
Sat Feb 28, 2015 8:15 am
 
Forum: Personal Finance (Not Investing)
Topic: I survived my initial performance improvement mtg. Now what?
Replies: 33
Views: 4551

Re: Guns for hunting/defense

I have a S&W 38 snub note revolver and Ruger 32 semi automatic. I keep 38 at home for defense and have concealed carry and can easily conceal the 32 when I am going somewhere I feel it might be necessary (usually travel situations).

I also have a Remington 22 semi automatic rifle
by johnep
Fri Feb 27, 2015 8:19 am
 
Forum: Personal Consumer Issues
Topic: Guns for hunting/defense
Replies: 134
Views: 8101

Re: Is a generator worth it?

I bought a generator after a bad ice storm years ago when we were without power for about 4 days. I only used it once after that for about 3 hours over about 7 or 8 years. It was stolen out of my storage building and I have decided it is not practical to do again. We do lose power during ice storms,...
by johnep
Thu Feb 26, 2015 4:29 pm
 
Forum: Personal Consumer Issues
Topic: Is a generator worth it?
Replies: 105
Views: 5636

Re: Should you tip when picking up takeout food?

I usually tip about 10% for takeout which is usually curbside
by johnep
Thu Feb 26, 2015 4:24 pm
 
Forum: Personal Consumer Issues
Topic: Should you tip when picking up takeout food?
Replies: 54
Views: 3971

Re: Help! Ive been put on a performance improvement plan!

Your only hope of salvaging your position is to come up with a PIP that shows a genuine commitment to change your interaction and responsiveness with subordinates. I do not think you are facing imminent termination but you could be if you do not have a good PIP. You should have a better idea of what...
by johnep
Wed Feb 25, 2015 5:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Help! Ive been put on a performance improvement plan!
Replies: 66
Views: 8749

Re: Spending trajectory for families with kids?

I did not see where you indicated the sex of your 2 children. If any are girls, your last big expense will likely be a major one: paying for a wedding. It is something I did gladly but it was not cheap.
by johnep
Wed Feb 25, 2015 5:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: Spending trajectory for families with kids?
Replies: 45
Views: 3653

Re: Tax Quiz

I got 7 out of 10. I thought I knew taxes pretty well so result was a little humbling.
by johnep
Wed Feb 25, 2015 5:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: Tax Quiz
Replies: 22
Views: 1366

Re: What are Costco's best deals?

Gas with Amex CC which is going away at end of calendar year OTC drugs Eyeglasses - great service, they will replace defective or damaged glasses at no charge (at least they did for me twice) Hearing aids (Costco claims they are largest seller of hearing aids) Electronics, especially TVs and compute...
by johnep
Wed Feb 25, 2015 10:01 am
 
Forum: Personal Consumer Issues
Topic: What are Costco's best deals?
Replies: 220
Views: 20148

Re: Ideas of where to relocate

Raleigh area might be possibility. It is not low cost of living but much lower than where you are. Raleigh is state capital with lots of state jobs and there are federal facilities there too. I live near Charlotte which might be another possibility except that there are not many federal jobs here. A...
by johnep
Wed Feb 25, 2015 9:27 am
 
Forum: Personal Consumer Issues
Topic: Ideas of where to relocate
Replies: 32
Views: 2607

Re: How do you plan on spending your time during retirement?

4 years into retirement and these are things that have consumed a lot of my time: - Volunteer work, mostly with a Christian missionary - On board of a retiree association from my former employer, involved in programs and issues of concern for retirees - Church related ministries - Go to Y at least 3...
by johnep
Tue Feb 24, 2015 6:54 am
 
Forum: Personal Consumer Issues
Topic: How do you plan on spending your time during retirement?
Replies: 43
Views: 3210

Re: On line product reviews vs Consumers Reports

I use both. I have more confidence in CR's objectivity and thorough scientific approach. However, they do not cover everything and I sometimes get more details from online reviews about specific products I am interested in. You do have to be more discerning about online reviews but I find them to be...
by johnep
Sun Feb 22, 2015 8:27 am
 
Forum: Personal Consumer Issues
Topic: On line product reviews vs Consumers Reports
Replies: 37
Views: 2725

Re: Shouldn't bond fund holders celebrate if rates go up?

Yes, we should celebrate if real interest rates go up. But if rates go up to match rising inflation, then it is a losing proposition after taxes - and most of us will eventually pay taxes on the accumulated bond interest in 401k or traditional IRA accounts. Dale You are correct if the stuff we are ...
by johnep
Sun Feb 22, 2015 8:08 am
 
Forum: Investing - Theory, News & General
Topic: Shouldn't bond fund holders celebrate if rates go up?
Replies: 55
Views: 5200

Re: Using the "10 year" and "Since Inception" to pick funds

On this forum, the main criteria for picking specific funds within an asset class would probably be..... cost. The Expense Ratio on the fund is one of the main criteria I look at when determining funds. As for past performance, you're right it doesn't indicate future returns, so I guess the better ...
by johnep
Fri Feb 20, 2015 9:12 am
 
Forum: Investing - Theory, News & General
Topic: Using the "10 year" and "Since Inception" to pick funds
Replies: 23
Views: 1704

Re: Poll: Largest fraudulent charge to your credit card(s)?

Someone hacked my Paypal account and charged $999 to my credit card. Fortunately I was notified of the suspicious charge and was able to get it cleared up quickly with Paypal and my CC company. The irony was that I only had the Paypal account for sale of tickets on Stubhub and had not used it in yea...
by johnep
Fri Feb 20, 2015 8:26 am
 
Forum: Personal Consumer Issues
Topic: Poll: Largest fraudulent charge to your credit card(s)?
Replies: 49
Views: 2565
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