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Re: Life changing decision... advices needed!

It seems you have two good options. Whichever you choose, you will be fine. However, you have strong preference for emergency medicine. To pursue that will delay your reaching your investment goal by 3 to 5 years. Which is most important to you? It sounds like EM is but you must decide. I would advi...
by johnep
Wed Nov 26, 2014 6:36 am
 
Forum: Personal Finance (Not Investing)
Topic: Life changing decision... advices needed!
Replies: 26
Views: 1782

Re: Retirement around the corner, seeking advice on getting

You indicate some anxiousness of living off retirement savings until pension and SS kick in. You also want to help some people in the near term and possibly spend more than your frugal budget expenses. How will these factors affect your spending and life style between retirement and age 70? My back ...
by johnep
Mon Nov 24, 2014 8:28 am
 
Forum: Investing - Help with Personal Investments
Topic: Retirement around the corner, seeking advice on getting hous
Replies: 21
Views: 1870

Re: How should wife counter salary offer within current co.?

My view is that the offer of 5.7% probably isn't all that bad----and not all that far off from what would be considered to be normal. A good rule of thumb in compensation is that----ceteris paribis----a promotional increase should be 2-3x what the average merit (or general) increase in/during any g...
by johnep
Sat Nov 22, 2014 1:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: How should wife counter salary offer within current co.?
Replies: 60
Views: 5223

Re: What would be the investing strategy for a coming crash?

Increase your cash allocation if you really think this is forthcoming. But understand if the market goes up 40% then crashes by a third and you remain in cash the entire time, you're still losing. Your point is valid but your math is not. 140% X (1-.33 =.67) = 93.8% = balance if you stayed in the m...
by johnep
Sat Nov 22, 2014 10:05 am
 
Forum: Investing - Theory, News & General
Topic: What would be the investing strategy for a coming crash?
Replies: 81
Views: 6501

Re: Retirees' Regrets

The advice to front load your bucket list is very wise, especially travel. I am 70 and DW is 71 and she already has some limitations, mostly inability to walk very far. I took a trip to the Holy Land this Spring with our church (DW decided not to go because she knew it would be strenuous). Many of t...
by johnep
Fri Nov 21, 2014 4:18 pm
 
Forum: Personal Consumer Issues
Topic: Retirees' Regrets
Replies: 23
Views: 2849

Re: Selecting Charities for Donation

I give to a number of Christian charities and a couple of secular ones. I make sure their mission is consistent with my beliefs and that the vast majority of funds go towards their mission and they have a low administrative percentage. Most are based in our area but a few are national or internation...
by johnep
Fri Nov 21, 2014 4:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: Selecting Charities for Donation
Replies: 55
Views: 3312

Re: getting umbrella insurance

I was asked most of the above (occupation, do I have pool, boat, jetski, snowmobile, dog, etc, am I on a Board of directors) and was also asked if I entertain at home, how many time per year I invite guests to my house, how many guests, do I serve alcohol when I do so, do I know the people I invite...
by johnep
Fri Nov 21, 2014 7:30 am
 
Forum: Personal Finance (Not Investing)
Topic: getting umbrella insurance
Replies: 25
Views: 1490

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

Levett wrote:What was my major take away from my 40s? That human life is exceedingly fragile.

Recommendation: pay far more attention to your family than to your portfolio for the remainder of your life.

Happy trails.

Lev


+1. Great advice!
by johnep
Thu Nov 20, 2014 12:46 pm
 
Forum: Personal Consumer Issues
Topic: Bogleheads, tell me about your 40's?
Replies: 101
Views: 13402

Re: What were your biggest financial emergencies?

Replaced HVAC system that died during heat wave, $6,500

Dental work for DW this year, $7,000
by johnep
Thu Nov 20, 2014 7:08 am
 
Forum: Personal Finance (Not Investing)
Topic: What were your biggest financial emergencies?
Replies: 39
Views: 3788

Re: car sensor showing TPMS sign

I had new tires put on 2007 Toyota Avalon 2 weeks ago. Within a day, the tire sensor indicated a failure with a sensor. I took car back to Toyota today expecting to argue over cost/payment of a new sensor ($100+ plus install). Toyota said one sensor was not working and replaced at no charge without ...
by johnep
Mon Nov 17, 2014 10:30 am
 
Forum: Personal Consumer Issues
Topic: car sensor showing TPMS sign
Replies: 26
Views: 1678

Re: car sensor showing TPMS sign

Will a car pass inspection if the tire sensor light is on? If so, you would have to fix it whenever inspected.
by johnep
Mon Nov 17, 2014 8:01 am
 
Forum: Personal Consumer Issues
Topic: car sensor showing TPMS sign
Replies: 26
Views: 1678

Re: VWINX (Wellesley Inc.)

Wellesley has been a great fund and may continue to do so. However, it has taken advantage of the great bond bull market since the 1980s. For sure, we will not see that again for a long while. Interest rates are low now and may remain low for a while or rise. Either way, bond returns will be much lo...
by johnep
Mon Nov 17, 2014 6:08 am
 
Forum: Investing - Theory, News & General
Topic: VWINX (Wellesley Inc.)
Replies: 44
Views: 4930

Re: How Not to Retire

So what's the actionable point to this story? 1. Don't retire early if you don't have the means to weather certain adverse scenarios, 2. Don't give discretion of your brokerage account, with margin, to anyone. Don't use margin yourself, when you think you have retired. In fact, maybe just don't use...
by johnep
Mon Nov 17, 2014 6:00 am
 
Forum: Personal Finance (Not Investing)
Topic: How Not to Retire
Replies: 67
Views: 6911

Re: Society of Actuaries Increases Life Expectancy Projectio

This article from M* states: American men are living an average of two years longer than they were in 2000 (the last time the tables were revised), and women are getting an additional 2.4 years of life, according to new mortality projections from the Society of Actuaries (SOA). The SOA is the offic...
by johnep
Sat Nov 15, 2014 7:22 am
 
Forum: Personal Finance (Not Investing)
Topic: Society of Actuaries Increases Life Expectancy Projections
Replies: 14
Views: 1593

Society of Actuaries Increases Life Expectancy Projections

This article from M* states: [/quote]American men are living an average of two years longer than they were in 2000 (the last time the tables were revised), and women are getting an additional 2.4 years of life, according to new mortality projections from the Society of Actuaries (SOA). The SOA is th...
by johnep
Fri Nov 14, 2014 7:48 am
 
Forum: Personal Finance (Not Investing)
Topic: Society of Actuaries Increases Life Expectancy Projections
Replies: 14
Views: 1593

Re: Medicare Questions

to get started http://www.medicare.gov/people-like-me/new-to-medicare/getting-started-with-medicare.html The home page is http://www.medicare.gov/ Pt B is medicare. Only Medicare offers it. You can supplement it (add to it) with a Medicare supplement, also called Medigap( There are a number of stan...
by johnep
Fri Nov 14, 2014 7:15 am
 
Forum: Personal Finance (Not Investing)
Topic: Medicare Questions
Replies: 7
Views: 892

Re: Obligation to Parents?

My short answer to your question about an obligation to financially take care of parents is - No you do not have an obligation. My longer answer is a bit more from personal values/priorities. In the hierarchy of things that my wife and I value it is 1. God 2. Family and the rest goes on from there....
by johnep
Thu Nov 13, 2014 2:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: Obligation to Parents?
Replies: 77
Views: 3701

Re: Assisted Living

This is becoming a reality for us. My DW has 2 brothers who now require care due to dementia. One is in an assisted living facility that provides a substantial level of care and the other is in a secure facility because he is a flight risk. It is very sad to see this happen. My mother lived in her o...
by johnep
Wed Nov 12, 2014 4:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: Assisted Living
Replies: 24
Views: 1968

Re: When do you know it is time to switch jobs?

I am in my 30s and work in a small IT department in a big company. I do software development along with general IT support. I have been there for about 8 years now. I have done many projects that have been valuable to the company and management seems to like the work that I do. There is a decent wo...
by johnep
Wed Nov 12, 2014 8:14 am
 
Forum: Personal Consumer Issues
Topic: When do you know it is time to switch jobs?
Replies: 37
Views: 4090

Re: Strategies to protect retirement from depressn or long b

If we ever encounter anything like the great depression, it will be hard to have a financial strategy that works well for you. It is more like choosing the least bad strategy. I think having no debt and owning your home would help best. Being self reliant to the extent possible would be desirable. G...
by johnep
Wed Nov 12, 2014 7:47 am
 
Forum: Investing - Theory, News & General
Topic: Strategies to protect retirement from depressn or long bear?
Replies: 33
Views: 3718

Re: Reliable mid size car

I am a long time Camry owner. My most recent purchase was a 2014 Camry Hybrid. There is nothing terribly wrong with it but the ride, handling and road noise are much worse than my 2004 Camry, which even at its age and mileage, is a better ride than my new Camry. Also, the new Camry is notably smalle...
by johnep
Tue Nov 11, 2014 7:37 am
 
Forum: Personal Consumer Issues
Topic: Reliable mid size car
Replies: 23
Views: 2588

Re: Life purpose revisited

The Purpose-Driven Life by Rick Warren Amen. This is an excellent book for people of the Christian faith. For me, my faith is clearly number 1. Number 2 is family. I am blessed to have the same loving wife for 46 years, 2 grown children who are good citizens, and 3 grandchildren. 3 for me is to hav...
by johnep
Mon Nov 10, 2014 6:46 am
 
Forum: Personal Consumer Issues
Topic: Life purpose revisited
Replies: 55
Views: 7577

Re: Junk bond fund NAVs

Eric76 wrote: But as another poster stated, VWEHX initially had a NAV of $10.00 when it was launched. So even though there are obviously ups and downs (such as the move up since '08) the long term movement is lower, even if well managed. I believe It's the same with all high yield bond funds. PRHYX...
by johnep
Sun Nov 09, 2014 8:47 am
 
Forum: Investing - Theory, News & General
Topic: Junk bond fund NAVs
Replies: 86
Views: 5328

Re: Should I claim this damage

Once you have estimates for both vehicles, I would contact insurance agent if there is a question of whether to file claim or not. I have done this in the past and decided to not file a claim based upon their input. There were no repercussions to my premiums.
by johnep
Sun Nov 09, 2014 8:29 am
 
Forum: Personal Consumer Issues
Topic: Should I claim this damage
Replies: 26
Views: 3150

Re: How long to keep Health EOB and clinic statements?

I save all of my medical documents for the current year and the past year. I have found delays in billing and payments can take many months and occasionally there is a discrepancy or refusal of payment by insurance. These often need to be re-submitted for proper payment. One time I had to review rec...
by johnep
Sat Nov 08, 2014 9:02 am
 
Forum: Personal Finance (Not Investing)
Topic: How long to keep Health EOB and clinic statements?
Replies: 2
Views: 393

Re: Decision Time: insurance options

Looking at just for single max (not max for both)...it certainly appears that Option "B" is the best: ex: 13K expenses -- (B) $3000 OOP + 2147 + 1000 ded = 6147 (C) $2500 OOP + 4462 + 500 ded = 7462 ............. "B" wins by over $1300 ex: 21 K expenses --- (B) 5000 OOP + 2147 +...
by johnep
Sat Nov 08, 2014 8:00 am
 
Forum: Personal Finance (Not Investing)
Topic: Decision Time: insurance options
Replies: 6
Views: 967

Re: "Easy" social security question...

Question: If you don't need the money is it always best to wait until you're 70ish to start drawing retirement benefits? No. There are cases in which, if you don't need the money (i.e., the insurance value is near zero, so we're just talking about maximizing total dollars available during your life...
by johnep
Sat Nov 08, 2014 7:54 am
 
Forum: Personal Finance (Not Investing)
Topic: "Easy" social security question...
Replies: 50
Views: 3823

Re: How can I find out how much a dealer would really pay fo

I suggest going to CarMax first. They will give you a no hassle wholesale price. You may do a little better with a dealer but probably not much if this is a straight sell. You can usually do better if you sell it yourself, especially if it is in good condition and a popular model. I have sold severa...
by johnep
Sat Nov 08, 2014 7:39 am
 
Forum: Personal Consumer Issues
Topic: How can I find out the actual value of my car?
Replies: 19
Views: 2669

Re: Collision claim on new auto policy - problems

TomatoTomahto wrote:I always call the police and file a report. Let the other driver lie to the police if he's so inclined.

+1. You should always call police.
by johnep
Fri Nov 07, 2014 1:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: Collision claim on new auto policy - problems
Replies: 24
Views: 2087

Re: Avoid points in unsafe turn ticket!

It depends on the local jurisdiction. Many counties or districts have methods for keeping the points off your record. Call the court clerk and ask if there is a way to avoid the points. Sometimes, if you pay the fine in full with no contest, they will drop the points. Sometimes you have to do some ...
by johnep
Thu Nov 06, 2014 8:00 am
 
Forum: Personal Consumer Issues
Topic: Avoid points in unsafe turn ticket!
Replies: 48
Views: 2422

Re: Homeowners Policy Increased 26% in 2 Years

....This year, every State Farm customer in NC is getting a "Consent to Rate" form that allows them to charge more than the rates set by the NC rate bureau. If you don't sign the form you will be dropped. It's a scam. ...... Whoa, really? I'm in NC and have State Farm and haven't gotten a...
by johnep
Tue Nov 04, 2014 8:31 am
 
Forum: Personal Finance (Not Investing)
Topic: Homeowners Policy Increased 26% in 2 Years
Replies: 29
Views: 2582

Re: Kitchen Cabinets

We did complete kitchen remodel 2 years ago and replaced our 40 year old cabinets with cherry cabinets from a custom cabinet maker in our area. Initially I planned to go with Lowes but surprisingly found the custom cabinets of higher quality and cheaper than Lowes sales price. I did not expect the c...
by johnep
Tue Nov 04, 2014 8:09 am
 
Forum: Personal Consumer Issues
Topic: Kitchen Cabinets
Replies: 11
Views: 1417

Re: Ashley Furniture

We bought living room and dining room furniture from Ashley a few years ago, but my imporession of them was very different than yours. They are one of the cheaper furniture stores I've seen, and the quality of the furniture reflects that. The stuff they sell is very lightweight and not very durable...
by johnep
Tue Nov 04, 2014 7:54 am
 
Forum: Personal Consumer Issues
Topic: Ashley Furniture
Replies: 42
Views: 3311

Re: Appealing a Tax Assessment on Home

One tip - check the county's records for your property to make sure their facts on your home are accurate. I was able to eliminate several thousand of assessed value because of correcting their records. This cuts both ways. Oftentimes, property improvements do not get added to property records, res...
by johnep
Sat Nov 01, 2014 6:58 am
 
Forum: Personal Finance (Not Investing)
Topic: Appealing a Tax Assessment on Home
Replies: 11
Views: 837

Re: Money saved by buying a hybrid or electric car?

I bought a 2014 Toyota Camry hybrid last year. Salesman claimed breakeven versus non-hybrid was about 6 years. Based upon our projected miles driven and cost of gas at the time, I projected breakeven at about 5 years as I recall. I did not buy it as much for the gas savings based upon cost of gas at...
by johnep
Sat Nov 01, 2014 6:48 am
 
Forum: Personal Consumer Issues
Topic: Money saved by buying a hybrid or electric car?
Replies: 81
Views: 6231

Homeowners Policy Increased 26% in 2 Years

I recently received quote for renewal of my State Farm homeowners policy that was 26% higher than 2 years ago. We have only had 2 small claims in 30+ years and none in last 10 years. The dwelling value only increased 6% in the 2 year period. I called agent and she gave me the mumbo jumbo of increase...
by johnep
Fri Oct 31, 2014 9:24 am
 
Forum: Personal Finance (Not Investing)
Topic: Homeowners Policy Increased 26% in 2 Years
Replies: 29
Views: 2582

Re: That stress-relieving thing you do at work

Mindfulness Meditation. Seriously. Shut the office door. Set a timer for five minutes (I use an app on my phone called "Insight Timer"). Do a simple breathing meditation, guiding your attention non-judgmentally back to your breath each time your mind wanders--which it will. Here's a good ...
by johnep
Fri Oct 31, 2014 7:30 am
 
Forum: Personal Finance (Not Investing)
Topic: That stress-relieving thing you do at work
Replies: 45
Views: 2875

Re: Do you dream about retirement?

I retired 4 years ago and I too occasionally have dreams about work. They seem to be neutral, neither good nor bad. I enjoyed my work and left on a high note, but I am done with that. I would never want to go back to doing what I did. About 10 years before I retired, I thought about retirement a lot...
by johnep
Wed Oct 29, 2014 7:16 am
 
Forum: Personal Finance (Not Investing)
Topic: Do you dream about retirement?
Replies: 91
Views: 6607

Re: Lump Sum vs Pension

If you did take the lump sum, what would happen to your medical insurance? If that goes away, you would have to buy insurance at an added cost until 65 when Medicare starts. With your current pension, does your medical insurance continue past age 65. Many do as a supplement to Medicare. For example,...
by johnep
Tue Oct 28, 2014 6:34 am
 
Forum: Personal Finance (Not Investing)
Topic: Lump Sum vs Pension
Replies: 15
Views: 1477

Re: If holding cash, do you want a Great Depression?

Why would you wish so much hardship and misery on so many people so you could make personal gain? That seems so selfish and inconsiderate of others. Do you want to accumulate wealth that bad?
by johnep
Tue Oct 28, 2014 6:08 am
 
Forum: Investing - Theory, News & General
Topic: If holding cash, do you want a Great Depression?
Replies: 50
Views: 4071

Re: Career Advice for an Unhappy Young Doctor?

I am not in medical field but it seems way too soon for her to bail out of medicine after spending 10+ years of education and training. She should give this at least a couple of years to see if she can adapt to the role. She may have had some unrealistic expectation of what her role would be like an...
by johnep
Mon Oct 27, 2014 5:45 am
 
Forum: Personal Finance (Not Investing)
Topic: Career Advice for an Unhappy Young Doctor?
Replies: 116
Views: 13302

Re: Back of the envelope recommendation requested

Will your risk tolerance remain the same once you retire and stop accumulating wealth? Eliminating the human capital aspect may change your outlook on downturns in the market. It did for me when I retired. Another reason to perhaps consider a more conservative AA.
by johnep
Mon Oct 27, 2014 5:33 am
 
Forum: Investing - Help with Personal Investments
Topic: Back of the envelope recommendation requested
Replies: 19
Views: 1520

Re: Do you regret buying your home?

You can always find things you wish you had done differently. We built a 2000 sq ft ranch house on 2 wooded acres 41 years ago in a semi rural area outside Charlotte. Initially, we had few neighbors and had to drive 6 miles to the grocery store. Over time the area has been almost fully developed but...
by johnep
Fri Oct 24, 2014 7:09 am
 
Forum: Personal Consumer Issues
Topic: Do you regret buying your home?
Replies: 82
Views: 6968

Re: Gross Yearly Income needed in Retirement (Speculation)

The Wizard wrote:$110K...


+1. This seems like a good number to me.
by johnep
Wed Oct 22, 2014 6:36 am
 
Forum: Personal Finance (Not Investing)
Topic: Gross Yearly Income needed in Retirement (Speculation)
Replies: 159
Views: 12924

Re: POLL: How fulfilling is your retirement?

My retirement has been a mixed bag. I have been retired almost 4 years. I stayed very busy the first 2 years: caring for my sick mother who died about 1.5 years after my retirement, major home improvements and some volunteer work I arranged before retirement. The past year or so, I find myself needi...
by johnep
Tue Oct 21, 2014 6:13 am
 
Forum: Personal Finance (Not Investing)
Topic: POLL: How fulfilling is your retirement?
Replies: 34
Views: 3055

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

I was fortunate to work for and with good people most of my career. My last job before retirement was IT director at a govt agency which lasted 22 years. I had to deal with politicians, elected officials and an occasional unreasonable customer which were often unpleasant and frustrating experiences....
by johnep
Mon Oct 20, 2014 6:51 am
 
Forum: Personal Finance (Not Investing)
Topic: "I've had it" at work - how often
Replies: 151
Views: 12645

Re: Attorney Hourly Rates?

I always ask what the billing rate. I think showing some concern for price helps with attorneys and most other professionals. Of course, this does not apply to doctors.
by johnep
Sun Oct 19, 2014 5:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: Attorney Hourly Rates?
Replies: 41
Views: 3103

Re: What will you do when you retire?

1. I retired 4 years ago 2. I do some volunteer work, serve in various Christian ministries, do some traveling, have done lots of home improvements but am running out of things to improve, play golf, go to the gym several times a week, still participate in a couple of professional organizations, and...
by johnep
Sat Oct 18, 2014 6:02 am
 
Forum: Local Chapters and Bogleheads Community
Topic: What will you do when you retire?
Replies: 37
Views: 3851

Re: Career Advice - leaving public accounting

I left Big Four some years back and went through this decision myself. I have no idea how you made Senior, not being a CPA and not having 150 credit hours. Most people are going to tell you to finish your CPA before you leave, but I know from experience how difficult that will be while being in pub...
by johnep
Sat Oct 18, 2014 5:36 am
 
Forum: Personal Finance (Not Investing)
Topic: Career Advice - leaving public accounting
Replies: 8
Views: 986

Re: Retired, my viewpoint has changed again.

It sounds like you are reacting to the fact you no longer have human capital to build your financial resources. Once retired, we are more vulnerable to big market losses because we cannot easily rebuild them (unless you go back to work which may or may not be an option). Also, there is the concept o...
by johnep
Thu Oct 16, 2014 6:19 am
 
Forum: Personal Finance (Not Investing)
Topic: Retired, my viewpoint has changed again.
Replies: 22
Views: 3245
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