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Re: Drive a local car, rent for trips ?

If you run the numbers, I doubt it ever makes sense money-wise to rent a car when you have a reliable car that meets your needs on size. 1. The often-quoted 55 cents a mile cost to driving a car includes gas which you are on the hook for regardless. 2. That rate factors in city driving, which wears...
by johnep
Sun Apr 26, 2015 7:12 am
 
Forum: Personal Consumer Issues
Topic: Drive a local car, rent for trips ?
Replies: 40
Views: 2870

Re: “How Does Aging Affect Financial Decision Making?”

... so this will assure finances are managed soundly when I no longer am capable of handling. How would you know? I read a study recently that decision-making ability declines, but one's confidence does not. L. I will review our plan and any changes to our investments with my daughter at least annu...
by johnep
Sun Apr 26, 2015 7:04 am
 
Forum: Investing - Theory, News & General
Topic: “How Does Aging Affect Financial Decision Making?”
Replies: 65
Views: 4139

Re: Drive a local car, rent for trips ?

My DW and I have taken several very long road trips (5,000+ miles each) since retirement and plan to do more. Even though our own vehicles would be capable and comfortable for such trips, I have chosen to rent cars. The primary reason is it is cheaper to rent than to put all those miles on your own ...
by johnep
Sat Apr 25, 2015 7:56 am
 
Forum: Personal Consumer Issues
Topic: Drive a local car, rent for trips ?
Replies: 40
Views: 2870

Re: “How Does Aging Affect Financial Decision Making?”

I am age 70, DW is 72, so we need to plan for this, whether or not it happens. First step is AA simplification. Most of our AA are in a few core accounts but we should consolidate all into a few low ER funds. Second is review our portfolio with a trusted relative. In our case it would be our daughte...
by johnep
Sat Apr 25, 2015 7:47 am
 
Forum: Investing - Theory, News & General
Topic: “How Does Aging Affect Financial Decision Making?”
Replies: 65
Views: 4139

Re: My PC is driving me nuts.

t3xn wrote:Try Malwarebytes and check for ad-ware/malware.

https://www.malwarebytes.org/mwb-download/

Scan your system and see if it finds anything. Do you have anti-virus software?


+1 for Malwarebytes. It is a good product and I have had security consultants recommend it to me.
by johnep
Sat Apr 25, 2015 6:55 am
 
Forum: Personal Consumer Issues
Topic: My PC is driving me nuts.
Replies: 28
Views: 1765

Re: Costco and AMEX

I have had Costco Amex CC for years. It used for mostly gas and some other purchases. I usually get $40 to $50 credit at EOY. For us, it would not be worth it to sign up for just one year. We do plan on keeping our Amex card until their deal with Costco expires though.
by johnep
Sat Apr 25, 2015 6:52 am
 
Forum: Personal Finance (Not Investing)
Topic: Costco and AMEX
Replies: 21
Views: 3320

Re: Best touristy places to live in the world?

Charleston, SC. My daughter lives there and we visit often. It gives you the ability to do touristy things when you want to and live like a local otherwise.
by johnep
Sat Apr 25, 2015 6:46 am
 
Forum: Personal Consumer Issues
Topic: Best touristy places to live in the world?
Replies: 30
Views: 2853

Re: Who still have Cable TV?

Who still have Cable TV? $100 bucks a month. What a waste. *sigh* Whether it's about cable, or Macs, or Rolexen, or luxury cars, these sorts of judgmental threads all miss one very important point: There's nothing wrong with paying money for something from which you legitimately derive commensurate...
by johnep
Fri Apr 24, 2015 9:26 am
 
Forum: Personal Consumer Issues
Topic: Who still have Cable TV?
Replies: 63
Views: 2712

Re: Broken Oxygen Sensor on Car

I had to recently replace oxygen sensor on our Avalon. After confirming code at auto parts store for free and checking Toyota Forum, I decided to have an independent garage that specializes in Toyota to replace the sensor. It saved me about $200. I did not consider replacing it myself because the sp...
by johnep
Thu Apr 23, 2015 7:21 am
 
Forum: Personal Consumer Issues
Topic: Broken Oxygen Sensor on Car
Replies: 43
Views: 2570

Re: Recommended stock to bond ratio??

Levett wrote:Wonderful post, as usual, Nisi.

Few people make more effective pedagogical use of Morningstar data than you.

Lev


+1. I agree. Nisi makes his points with solid data in a very simple way.
by johnep
Thu Apr 23, 2015 6:56 am
 
Forum: Investing - Help with Personal Investments
Topic: Recommended stock to bond ratio??
Replies: 15
Views: 1414

Re: TX, MT, CO, and NM Comparative Tax Burden

Real estate taxes can be tricky with multiple variables. The assessment rate is not always based upon 100% of value. I am not familiar with any of these specific states to know if you have comparable taxes on RE or not.
by johnep
Tue Apr 21, 2015 12:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: TX, MT, CO, and NM Comparative Tax Burden
Replies: 37
Views: 1863

Re: Amelia Island vacation

JDaniels wrote:I'm going to 2nd a vote for Ponte Vedra Beach for obvious reasons. Lol. Then, drive down scenic A1A to St. Augustine. Once there, I recommend Columbia restaurant. Excellent food!


+1 for Columbia Restaurant. We stop there almost every time we go to Florida. Great food!
by johnep
Fri Apr 17, 2015 8:13 am
 
Forum: Personal Consumer Issues
Topic: Amelia Island vacation
Replies: 11
Views: 1432

Re: How much should a small tile floor (3' X 5') cost? $2000

I am not expert on this type of demo but if your are replacing the sub floor too, it seems a much better approach is to remove the sub floor and tiles all together. Why chisel the tiles out when you are going to remove sub floor anyway? You can use a sawzall to cut out sections and use crowbar to pr...
by johnep
Thu Apr 16, 2015 7:01 am
 
Forum: Personal Consumer Issues
Topic: How much should a small tile floor (3' X 5') cost? $2000?
Replies: 47
Views: 3209

Re: Is 2007 Accord 60K mile service worth $300?

I have driven Toyotas for past 30 years. I take my cars to dealer for simple maintenance like oil change (they are competitive with others on this) or if I have a suspected problem. The reason I do that is they will check my car for other issues and let me know of any recommended maintenance or repa...
by johnep
Thu Apr 16, 2015 6:47 am
 
Forum: Personal Consumer Issues
Topic: Is 2007 Accord 60K mile service worth $300?
Replies: 54
Views: 4405

Re: Do you wish you retired earlier?

I retired at age 66 and feel that was the right time for me. I would have retired at age 64, but that was 2008 and I decided to work a couple of more years and rebuild my savings/investments. I am glad that I did as it makes for a more comfortable retirement. BTW, I liked my job which makes a big di...
by johnep
Thu Apr 16, 2015 6:30 am
 
Forum: Personal Finance (Not Investing)
Topic: Do you wish you retired earlier?
Replies: 28
Views: 3574

Re: Visiting continental Europe (first time) with kids

I agree that Rick Steves' books are excellent. Also, http://www.tripadviser.com has forums on European countries and major cities that are excellent. You can search forums and find that most likely your questions have already been asked and answered. If not, you can post and get answers from experie...
by johnep
Tue Apr 07, 2015 6:15 am
 
Forum: Personal Consumer Issues
Topic: Visiting continental Europe (first time) with kids
Replies: 20
Views: 1844

Re: When to start taking pension payments?

Based upon what you have told us, I would probably begin taking the pension when you retire in about 4 years. I am assuming your marginal tax rate will be less then, which should offset the decline of your non COLA pension due to inflation. If you do not need the money at that time, simply invest it...
by johnep
Tue Apr 07, 2015 6:09 am
 
Forum: Personal Finance (Not Investing)
Topic: When to start taking pension payments?
Replies: 11
Views: 1040

Re: Buy riding mower or hire service to cut grass?

likegarden wrote:I have a 0.45 acre lot and mow it with a self propelled Toro Mulching mower. I am 75 and like to do it.


+1. I am 70 and have always mowed my grass with push or self propelled mower. Sure, it takes a little time but also gives you some exercise.
by johnep
Mon Apr 06, 2015 6:56 am
 
Forum: Personal Consumer Issues
Topic: Buy riding mower or hire service to cut grass?
Replies: 56
Views: 3958

Re: Considering Doing My Own Investing...but I'm not sure I

I think you will do fine managing your own investments. Financial advisers can be ok for people without the ability, desire or discipline to manage their own investments, but you are much more than capable of doing this yourself. I like and totally agree with your view that if people cannot explain ...
by johnep
Mon Apr 06, 2015 6:44 am
 
Forum: Investing - Help with Personal Investments
Topic: Considering Doing My Own Investing...but I'm not sure I shou
Replies: 49
Views: 4996

Re: Did you learn anything from 2008?

The old quote about Wall Street, "Nobody knows nothing" was never more true than it was in 2008. I am still amazed that so few experts saw the financial meltdown coming. I did not see it coming but I am not an expert. I still think some of the "so called experts" should have seen...
by johnep
Fri Apr 03, 2015 8:38 am
 
Forum: Investing - Theory, News & General
Topic: Did you learn anything from 2008?
Replies: 105
Views: 8516

Re: Bernanke's Blog: why are interest rates so low?

The article makes sense and is well written. Thanks for sharing. What the article does not address is the Fed's QE which did impact interests rates by buying up huge amounts of treasuries, and driving down the interest rates.
by johnep
Thu Apr 02, 2015 7:36 am
 
Forum: Investing - Theory, News & General
Topic: Bernanke's Blog: why are interest rates so low?
Replies: 52
Views: 6851

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: 4075

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: 29
Views: 3749

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: 2075

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: 1954

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: 1340

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: 670

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: 3263

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: 829

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: 5852

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: 1183

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: 676

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: 4700

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: 32
Views: 4217

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: 650

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: 1430

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: 5286

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: 2438

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: 2687

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: 2323

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: 1819

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: 2486

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: 3097

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: 4111

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: 4306

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: 1773

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: 152
Views: 12224

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: 467

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: 3890

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: 20099
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