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Re: Article on "New Patterns" of Boomer Retirement Spending

This article suggests that many Boomers with retirement nest eggs in the $500k range or less are consciously avoiding the "typical" 4% withdraw rate in favor of an alternating spending pattern of "binge and frugality ." http://www.huffingtonpost.com/buck-wargo/baby-boomers-retir...
by texasdiver
Tue Mar 31, 2015 9:48 pm
 
Forum: Investing - Theory, News & General
Topic: Article on "New Patterns" of Boomer Retirement Spending
Replies: 5
Views: 597

Re: Hate where we live, do we make major changes?

I live in the south. This morning I was laying in a field of clover with the dog and counting bees. It was quite green and I thought quite civilized. Rochester is interesting. I've done a lot of cross-country skiing in upstate NY at Easter time. We live in a subdivision that has a walkscore of 8. O...
by texasdiver
Tue Mar 31, 2015 4:51 pm
 
Forum: Personal Consumer Issues
Topic: Hate where we live, do we make major changes?
Replies: 92
Views: 6317

Re: Hate where we live, do we make major changes?

These are always great and informative threads. My wife and I live in Texas and she is getting very restless professionally and socially. Just yesterday she emailed me from work: "What about Rochester NY? There is a great job opening there." Which of course meant I had to spend the rest of...
by texasdiver
Tue Mar 31, 2015 4:12 pm
 
Forum: Personal Consumer Issues
Topic: Hate where we live, do we make major changes?
Replies: 92
Views: 6317

Re: Detroit: up-and-coming technology city

Over the longer-term time horizon I expect Detroit and the rest of the Great Lakes region to be relatively well positioned to accommodate climate change due to the proximity to water resources. But we may be talking decades. And I'm not sure that Detroit itself as opposed to the Great Lakes region i...
by texasdiver
Mon Mar 30, 2015 4:50 pm
 
Forum: Personal Consumer Issues
Topic: Detroit: up-and-coming technology city
Replies: 18
Views: 1200

Re: Hate where we live, do we make major changes?

i think the cultural issues are very significant. The gap between Canada, say, and Upstate NY is much smaller than the gap between Upstate NY and anywhere south of the Mason-Dixon line. This is neither a statement of good nor bad, just a recognition of the potential for big adjustments to be made. ...
by texasdiver
Mon Mar 30, 2015 1:36 pm
 
Forum: Personal Consumer Issues
Topic: Hate where we live, do we make major changes?
Replies: 92
Views: 6317

Re: Hate where we live, do we make major changes?

.....Remember that each $1 of pension income replaces $25 of savings (assuming a 4% withdrawal rate). Why? Why isn't $1 = $1? Because you get the $1 pension every year for the rest of your life which is 25 or more years on average. You need about $25 in savings to be able to safely withdraw the sam...
by texasdiver
Mon Mar 30, 2015 9:47 am
 
Forum: Personal Consumer Issues
Topic: Hate where we live, do we make major changes?
Replies: 92
Views: 6317

Re: What do you think of storage sheds as an investment?

Around this part of Central Texas there are a bazillion self-storage businesses. Mostly they are self-serve fenced operations where the renters get a gate code to get into the complex. I expect vacancy rates are pretty high, at least seemed to be when I used one temporarily during a move. What seems...
by texasdiver
Wed Mar 25, 2015 7:49 am
 
Forum: Investing - Help with Personal Investments
Topic: What do you think of storage sheds as an investment?
Replies: 33
Views: 2786

Re: master bath remodel: return on investment?

Friend of mine spent 2 years beautifully remodeling every aspect of a small craftsman style home in the Seattle area....new floors and surfaces everywhere, new fixtures, appliances, counters, etc. Total labor of love. He did recover his investment when he sold due to appreciation. But the new owners...
by texasdiver
Fri Mar 20, 2015 8:42 am
 
Forum: Personal Finance (Not Investing)
Topic: master bath remodel: return on investment?
Replies: 42
Views: 2831

Re: Does an AirBnB guesthouse make sense?

Didn't read through all the posts, but wanted to chime in and say just make sure you are aware of the tax issues. What you are describing would be considered a vacation rental if it is used for more than 14 days of personal use. You don't get nearly the benefits that you would otherwise with normal...
by texasdiver
Thu Mar 19, 2015 2:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: Does an AirBnB guesthouse make sense?
Replies: 19
Views: 2230

Re: Children's Swingset

I did a lot of research on these and have put up two of them when the kids were younger. The first one I bought was a fairly high-end playset from CedarWorks in Maine. http://www.cedarworks.com/ It was a beautiful set and went up fairly easily with a large cordless drill driver. It was delivered to ...
by texasdiver
Thu Mar 19, 2015 8:18 am
 
Forum: Personal Consumer Issues
Topic: Children's Swingset
Replies: 43
Views: 2620

Re: 403b Question

So my wife is a teacher and is able to contribute to a 403b plan. The list of vendors and funds are expensive and not the greatest. Question is, is it still worth it for her to invest in the 403b with an additional 1-2% in fee's or just contribute to a personal Traditional or Roth IRA through Vangu...
by texasdiver
Wed Mar 18, 2015 3:47 pm
 
Forum: Investing - Help with Personal Investments
Topic: 403b Question
Replies: 26
Views: 1875

Re: Does an AirBnB guesthouse make sense?

My wife and I are considering AirBnB for the future as a way to rent close to our daughter rather than purchasing/leasing a small place. Are there certain parts of the country that are better for this system? Or are they better in small vs large cities? Thanks! AirBnB seems better for urban areas. ...
by texasdiver
Wed Mar 18, 2015 3:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: Does an AirBnB guesthouse make sense?
Replies: 19
Views: 2230

Re: Recommendation for Home Office Printer

After going through a ton of different HP and Epson inkjet printers and never being happy with any of them in terms of performance and cost of ink, I finally sprang for a Brother color laser multifunction printer and am 100% happy with it. We just use it for home use. The color printing is perfectly...
by texasdiver
Tue Mar 17, 2015 5:12 pm
 
Forum: Personal Consumer Issues
Topic: Recommendation for Home Office Printer
Replies: 11
Views: 989

Re: Steering family away from costly Financial Adviser or MY

One thing I've learned in my 30 years of working in a variety of professions is to never present someone with a problem without also presenting them with a solution. Your Dad is in Vanguard and so already has some comfort level with them I suspect. I'd have the following conversation. "Dad, I a...
by texasdiver
Tue Mar 17, 2015 8:34 am
 
Forum: Investing - Help with Personal Investments
Topic: Steering family away from costly Financial Adviser or MYOB?
Replies: 28
Views: 2262

Re: Does an AirBnB guesthouse make sense?

Nationwide builder Lennar has a NextGen floor plan that includes a one bedroom condo inside a home. The one bedroom condo comes its own small kitchen, laundry, one car garage and separate entries. The condo and the main house share a common wall and are separated by a door that can be locked from e...
by texasdiver
Tue Mar 17, 2015 7:54 am
 
Forum: Personal Finance (Not Investing)
Topic: Does an AirBnB guesthouse make sense?
Replies: 19
Views: 2230

Re: One Level or Two Level House

It seems to really depend on your local market. Here in Central Texas the land is flat and the lots tend to be large and cheap. So most houses tend to be one-story with high ceilings. They often have huge attics with pitched roofs and look like two-story houses from the street but are really just on...
by texasdiver
Tue Mar 17, 2015 7:48 am
 
Forum: Personal Consumer Issues
Topic: One Level or Two Level House
Replies: 68
Views: 5640

Re: Does an AirBnB guesthouse make sense?

Thanks for the link. Doesn't sound easy to make an AirBnB work unless it is empty space that one already owns. I think the real issue is whether a rentable studio could be purchased as part of a main property so that there is a guest house or studio that comes with the house. Then it is just one mor...
by texasdiver
Tue Mar 17, 2015 7:31 am
 
Forum: Personal Finance (Not Investing)
Topic: Does an AirBnB guesthouse make sense?
Replies: 19
Views: 2230

Does an AirBnB guesthouse make sense?

My wife and I are looking at some relocation ideas and among them is the idea of downsizing from our 3300 sf 4 br 3.5 ba suburban home to something quite a bit smaller as we are shortly sending one child off to college and the others won't be that far behind. One of the main reasons we keep a larger...
by texasdiver
Mon Mar 16, 2015 8:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: Does an AirBnB guesthouse make sense?
Replies: 19
Views: 2230

Re: Financial Advisor Put Together This Portfolio - Thoughts

Your advisor is still trying to convince you that he is smarter than the market. He might be but that would make him extremely extremely unique. Read this recent New York Times article on how many professionals can consistently outperform the market http://www.nytimes.com/2015/03/15/your-money/how-m...
by texasdiver
Mon Mar 16, 2015 4:02 pm
 
Forum: Investing - Help with Personal Investments
Topic: Financial Advisor Put Together This Portfolio - Thoughts?
Replies: 27
Views: 2188

Re: NYTimes on benefits of passive investing

This is why one needs a financial advisor to select actively-managed mutual funds for them every year or so. The funds picked last year are not going to be the best funds for the next year. Just very year or so? That's a pretty lazy advisor. If they really want to earn their pay they should be chur...
by texasdiver
Sun Mar 15, 2015 3:30 pm
 
Forum: Investing - Theory, News & General
Topic: NYTimes on benefits of passive investing
Replies: 16
Views: 2879

Re: Following one's spouse in a relocation: Advice or commen

Females have done this for how long? Although there are a lot of unemployed teachers, I wonder if that is true for science teachers. I would make sure plenty of disability and life insurance is in place for your wife, and move. Yes, I'm pretty sure you are right. You only live once and we don't wan...
by texasdiver
Fri Mar 13, 2015 11:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: Following one's spouse in a relocation: Advice or comments?
Replies: 21
Views: 1510

Re: Following one's spouse in a relocation: Advice or commen

.... FYI, the cost of relocation comes from a few sources: - cost to sell primary residence: 5-6% commissions, 1-2% transaction costs to seller, possibly lower valuation because buyers know they can get a better deal from people who are relocating, - cost to move household, - interruption to employ...
by texasdiver
Fri Mar 13, 2015 11:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: Following one's spouse in a relocation: Advice or comments?
Replies: 21
Views: 1510

Re: Following one's spouse in a relocation: Advice or commen

There's no one right answer as this kind of situation is always so complex and individual. I would really examine ALL the reasons you might want to move versus all the reasons you might want to stay. It seems like it's not just about job opportunities. I maybe missed a step, but you describe your w...
by texasdiver
Fri Mar 13, 2015 9:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: Following one's spouse in a relocation: Advice or comments?
Replies: 21
Views: 1510

Re: Following one's spouse in a relocation: Advice or commen

When I was your age, I went to half-time work so that I could be more involved in the youth sports that my children played. I had coached teams before, but it became a 3 practices during the week plus games on weekends affair. My kids begged me to coach their teams, too, after experiencing some oth...
by texasdiver
Fri Mar 13, 2015 9:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: Following one's spouse in a relocation: Advice or comments?
Replies: 21
Views: 1510

Re: Following one's spouse in a relocation: Advice or commen

Who else here as given up a stable career to follow a spouse and how did that work out? When I was a lot younger, the wife did this sort of thing every time the husband got a new job out of time. It seemed to work out for them. Maybe not exactly as planned. but .... Yes I agree. And frankly still h...
by texasdiver
Fri Mar 13, 2015 9:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: Following one's spouse in a relocation: Advice or comments?
Replies: 21
Views: 1510

Re: Following one's spouse in a relocation: Advice or commen

It would seem that there would be a demand for high school science teachers. One would think so given how tough the work can be and how low the pay is but you'd be surprised. Your profile says Portland. Right now from what I have heard, the chances of an out of state teacher landing a job in Oregon...
by texasdiver
Fri Mar 13, 2015 8:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: Following one's spouse in a relocation: Advice or comments?
Replies: 21
Views: 1510

Following one's spouse in a relocation: Advice or comments?

My wife and I have reached a point where she is growing increasingly burnt out and disenchanted with her current job. Although we are not from Texas and have no real roots here, we have been living and working here since 2003 when we moved here for her medical residency and just sort of ended up sta...
by texasdiver
Fri Mar 13, 2015 8:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: Following one's spouse in a relocation: Advice or comments?
Replies: 21
Views: 1510

Re: buffets portfolio advice

Also considering this advice. I'm interested in hearing the cons for this strategy when compared to the 3 fund portfolio. With 10 years expenses in cash/st bonds and 90% in 500 index to supplement, it seems to work. It's simple and easy for people who don't want to think about it. Plus, will have c...
by texasdiver
Fri Mar 13, 2015 7:26 pm
 
Forum: Investing - Help with Personal Investments
Topic: buffets portfolio advice
Replies: 11
Views: 1436

Re: Financial Advisor Put Together This Portfolio - Thoughts

No way to even evaluate this until you ask and answer some basic questions. 1. (most important) What is your desired stock vs bond ratio. Most people gauge this to the level of risk they are willing to assume and to some extent their age. Your age in bonds minus 10 is a reasonably aggressive formula...
by texasdiver
Fri Mar 13, 2015 6:52 pm
 
Forum: Investing - Help with Personal Investments
Topic: Financial Advisor Put Together This Portfolio - Thoughts?
Replies: 27
Views: 2188

Re: Projects when moving into a new (to us) home

If you have a sprinkler system make sure all the valves are mapped and identified. They can be quickly covered over by grass and landscaping and become a real chore to ever find again once they are completely grown over. In fact I would make a schematic map of the sprinkler system and mount it next ...
by texasdiver
Fri Mar 13, 2015 6:16 pm
 
Forum: Personal Consumer Issues
Topic: Projects when moving into a new (to us) home
Replies: 20
Views: 1554

Re: Kit homes?

I think kit homes may make sense for construction in remote locations where ready access to building supplies and contractors is difficult. For example I knew people who built kit homes on remote islands in SE Alaska where they could get a barge to deliver the entire kit to a remote site but would h...
by texasdiver
Fri Mar 13, 2015 4:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: Kit homes?
Replies: 7
Views: 807

Re: 86% of investment managers stunk in 2014

Should we tell them that it's mathematically impossible for the average of active funds to beat the index? I might be missing something but I don't think that is true. It would be true only if the set of funds being averaged had a composite distribution of companies that exactly matched that of the...
by texasdiver
Fri Mar 13, 2015 4:05 pm
 
Forum: Investing - Theory, News & General
Topic: 86% of investment managers stunk in 2014
Replies: 22
Views: 2057

Re: LifeStrategy Moderate Growth vs Separate funds

I would point out that for people holding 401(k) and 403(b) funds directly with Vanguard there is no fee savings to be had by investing in individual funds compared to target retirement or lifestyle funds. Admiral shares are unavailable within Vanguard 401(k) and 403(b) plans so nothing is really g...
by texasdiver
Fri Mar 13, 2015 1:42 pm
 
Forum: Investing - Help with Personal Investments
Topic: LifeStrategy Moderate Growth vs Separate funds
Replies: 38
Views: 2992

Re: LifeStrategy Moderate Growth vs Separate funds

I don't know the answer to your question but I would point out that for people holding 401(k) and 403(b) funds directly with Vanguard there is no fee savings to be had by investing in individual funds compared to target retirement or lifestyle funds. Admiral shares are unavailable within Vanguard 40...
by texasdiver
Fri Mar 13, 2015 12:31 pm
 
Forum: Investing - Help with Personal Investments
Topic: LifeStrategy Moderate Growth vs Separate funds
Replies: 38
Views: 2992

Re: What cash interest rate to not invest in bonds?

What is your definition of cash ?

I have a bunch invested in the TSP G Fund which looks a lot like cash.
by texasdiver
Thu Mar 12, 2015 6:07 pm
 
Forum: Investing - Theory, News & General
Topic: What cash interest rate to not invest in bonds?
Replies: 14
Views: 2335

Re: Term Life Insurance...

Who are your beneficiaries? Your parents or siblings? As long as you have enough net worth in your estate to cover your burial costs and the hassle of settling your affairs I wouldn't bother with life insurance. Or just get a very small amount. Some employers have small inexpensive group life polici...
by texasdiver
Thu Mar 12, 2015 1:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: Term Life Insurance...
Replies: 6
Views: 363

Re: Do bogleheads invest in a retirement home?

Neighborhoods change over time, sometimes a lot. I know people who have done what you suggest in both Seattle and Texas. I have an older co-worker who bought a condo together with his wife on the Texas coast back in the 90s with the idea they would retire there some day. They have been renting it ou...
by texasdiver
Thu Mar 12, 2015 1:17 pm
 
Forum: Investing - Help with Personal Investments
Topic: Do bogleheads invest in a retirement home?
Replies: 19
Views: 2512

Re: Another take on Vanguard questionnaire: NYTimes

I'm quibbling with the idea that it is assumed that the parents will BORROW to help fund their adult children's college education. My wife and I fully intend to greatly assist our children but we have not intention of borrowing ourselves. It just seems like there is a creeping normalization of this...
by texasdiver
Thu Mar 12, 2015 12:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: Another take on Vanguard questionnaire: NYTimes
Replies: 42
Views: 3968

Re: Another take on Vanguard questionnaire: NYTimes

What I actually found the most alarming was the almost cavalier aside that the parents were borrowing for their children's college educations. When did that become a "thing?" And what kinds of loans are they taking out? Home equity loans ? My wife and I haven't crossed that bridge yet but...
by texasdiver
Thu Mar 12, 2015 11:37 am
 
Forum: Personal Finance (Not Investing)
Topic: Another take on Vanguard questionnaire: NYTimes
Replies: 42
Views: 3968

Re: Retirement Dreams on the Water

This may be a naive question, but is there reason to be concerned about piracy in this kind of endeavor? It seems that there have been numerous reports of modern-day pirates operating in various locations. Yes, but the cruising world is a small one and places to avoid are well known among the cruis...
by texasdiver
Thu Mar 12, 2015 10:35 am
 
Forum: Personal Consumer Issues
Topic: Retirement Dreams on the Water
Replies: 17
Views: 2964

Re: Another take on Vanguard questionnaire: NYTimes

Always surprises me when highly educated middle aged professionals seem this out of touch with their finances. Although I suspect some of the apparent cluelessness was a literary device. What I actually found the most alarming was the almost cavalier aside that the parents were borrowing for their c...
by texasdiver
Thu Mar 12, 2015 10:19 am
 
Forum: Personal Finance (Not Investing)
Topic: Another take on Vanguard questionnaire: NYTimes
Replies: 42
Views: 3968

Re: How do you use your email?

My high school daughter recently informed me: "Dad...NO ONE uses email anymore. It's only for writing to teachers and Grandma." She also says the basically the same thing about Facebook. As a teacher I have found that to basically be true. The only thing most students use email for these ...
by texasdiver
Wed Mar 11, 2015 10:38 pm
 
Forum: Personal Consumer Issues
Topic: How do you use your email?
Replies: 16
Views: 1363

Re: How do you use your email?

My high school daughter recently informed me: "Dad...NO ONE uses email anymore. It's only for writing to teachers and Grandma." She also says the basically the same thing about Facebook. As a teacher I have found that to basically be true. The only thing most students use email for these d...
by texasdiver
Wed Mar 11, 2015 7:39 pm
 
Forum: Personal Consumer Issues
Topic: How do you use your email?
Replies: 16
Views: 1363

Re: Edward Jones - Ripped off Advice

Edward Jones and other similar broker/advisors have so many legal ways to skim your money that it would be sheer utter incompetence on their part to have done it illegally. You can do some sort of amateur forensic accounting to try to figure out where the money went and folks here can probably give ...
by texasdiver
Wed Mar 11, 2015 5:18 pm
 
Forum: Investing - Help with Personal Investments
Topic: Edward Jones - Ripped off Advice
Replies: 20
Views: 1540

Re: Where to retire in New England?

Can't believe I one has mentioned Burlington VT. That would be high on my list as a place to live. Skiing and mountains nearby. Boating on Lake Champlain. And there is Montreal right up the road for when you want some big city culture. I also like Portland ME for a more maritime feel. There are lots...
by texasdiver
Wed Mar 11, 2015 5:04 pm
 
Forum: Personal Consumer Issues
Topic: Where to retire in New England?
Replies: 101
Views: 7527

Re: Money Web Sites or Blogs

In addition to some already listed

The Big Picture: http://www.ritholtz.com/blog/
Get Rich Slowly: http://www.getrichslowly.org/
Early Retirement Extreme: http://earlyretirementextreme.com
by texasdiver
Tue Mar 10, 2015 10:55 pm
 
Forum: Investing - Theory, News & General
Topic: Money Web Sites or Blogs
Replies: 9
Views: 1228

Re: roomy car for transporting elderly with walkers, etc

Definitely a minivan. In addition to what livesoft has shown, there are various companies that do custom mobility options for minivans including ramps, wheelchair lifts, and so forth. The toyota mobility site is the place to start for the Sienna but the other brands also have similar options http://...
by texasdiver
Tue Mar 10, 2015 5:37 pm
 
Forum: Personal Consumer Issues
Topic: roomy car for transporting elderly with walkers, etc
Replies: 15
Views: 953

Re: Retirement Dreams on the Water

Those are some spendy boats you are looking at. Another brand that is popular in the northwest is Nordic Tug. I bareboat chartered one once in Alaska for a dive expedition and they are very nice. Here is a blog I semi follow about a couple that is traveling the northwest on a Nordic Tug. They previo...
by texasdiver
Tue Mar 10, 2015 4:37 pm
 
Forum: Personal Consumer Issues
Topic: Retirement Dreams on the Water
Replies: 17
Views: 2964

Re: Parents:Have you had any luck teaching your kids about m

When my 16 year old daughter was four I can still remember a conversation we had in the toy aisle of the local store when she wanted to buy some toy and her allowance wasn't big enough. Stomping her foot...."but Dad, I don't WANT an allowance, I just want you to BUY me stuff!" A lot of it ...
by texasdiver
Tue Mar 10, 2015 4:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: Parents:Have you had any luck teaching your kids about money
Replies: 40
Views: 2647
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