Search found 228 matches

by Beehave
Fri Jun 15, 2018 5:00 pm
Forum: Investing - Help with Personal Investments
Topic: Late to the party, looking for some advice
Replies: 18
Views: 2178

Re: Late to the party, looking for some advice

I was in similar circumstances. Things will work out fine for you. Here are my comments/suggestions. 1. First thank you for your service 2. The financial "sacrifice" you and your spouse made by having one parent at home and one working is not so much a sacrifice as an investment in your childrens' f...
by Beehave
Fri Jun 15, 2018 3:51 pm
Forum: Personal Consumer Issues
Topic: Contractor - Threatening Lien/Lawsuit
Replies: 43
Views: 3474

Re: Contractor - Threatening Lien/Lawsuit

I am not a lawyer - - below are my suggestions. Time to talk to (an aggressive) lawyer. I'm not experienced at this sort of thing but I'd think a good lawyer would be able to figure out a way to let this contractor come to the conclusion that it would be wise to drop the whole matter by signing an a...
by Beehave
Fri Jun 15, 2018 3:00 pm
Forum: Personal Finance (Not Investing)
Topic: I was rear ended and the other guy wants a payout!
Replies: 106
Views: 8796

Re: I was rear ended and the other guy wants a payout!

As I read OP’s description, and then looking at it from the other driver’s view, I think he has a point. You pulled out and went slow enough that he had to brake to avoid you. File your claim with your insurance, and let it play out. Consider yourself fortunate you were not cited. Hit on an angle o...
by Beehave
Wed Jun 13, 2018 2:12 pm
Forum: Investing - Help with Personal Investments
Topic: [Looking for ways to reduce taxes and keep more of my income]
Replies: 91
Views: 8577

Re: Getting killed on taxes - any ideas?

You are getting absolutely destroyed by people here, but I will say, I understand your point of view. With a high income, seeing the raw numbers come out somehow hurts worse than if you figure the actual tax rate which actually isn't that terrible, but to folks not making this sort of cash, its rea...
by Beehave
Tue Jun 12, 2018 7:02 pm
Forum: Investing - Theory, News & General
Topic: Vanguard - You'll need to sign up for security codes soon
Replies: 41
Views: 5815

Re: Vaguard - You'll need to sign up for security codes soon

Should people be posting how they generate passwords for their financial holdings?
by Beehave
Sun Jun 10, 2018 9:05 pm
Forum: Investing - Help with Personal Investments
Topic: Annuity/Pension subsitutes for portfolio
Replies: 31
Views: 2526

Re: Annuity/Pension subsitutes for portfolio

There's a scenario in which TIPS fall behind. If they are the main asset in your portfolio it could be a problem. Example: If the US debt becomes unpayable through tax receipts, then default or reduced payments become increasingly possible. In one "reduced payment" scenario, there is inflation, but...
by Beehave
Sun Jun 10, 2018 8:31 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard STAR, Vanguard 2030 TDF, pay extra toward the house, or other?
Replies: 22
Views: 1362

Re: Vanguard STAR, Vanguard 2030 TDF, pay extra toward the house, or other?

If you make any extra payments on your mortgage, make sure they are applied to your principal, and not interest.
by Beehave
Sun Jun 10, 2018 8:12 pm
Forum: Personal Consumer Issues
Topic: House sale by owner - Problems & Pitfalls?
Replies: 30
Views: 1579

Re: House sale by owner - Problems & Pitfalls?

Here is my opinion based on my experience. I pay the fee because for me there is corresponding value. - Realtors provide at least some filter to qualify who it is that visits your home - Realtors bring customers who otherwise probably will not actually come by either because they rely on their realt...
by Beehave
Sun Jun 10, 2018 7:51 pm
Forum: Investing - Help with Personal Investments
Topic: Annuity/Pension subsitutes for portfolio
Replies: 31
Views: 2526

Re: Annuity/Pension subsitutes for portfolio

There's a scenario in which TIPS fall behind. If they are the main asset in your portfolio it could be a problem. Example: If the US debt becomes unpayable through tax receipts, then default or reduced payments become increasingly possible. In one "reduced payment" scenario, there is inflation, but ...
by Beehave
Sun Jun 10, 2018 6:37 pm
Forum: Investing - Help with Personal Investments
Topic: Windfall advice for an overwhelmed person
Replies: 76
Views: 6010

Re: Is Bogleheads not right for me? Trying to generate monthly income before retirement

Get debt-free. Get work. If you need retraining to get work, get retrained.

I usually sugar-coat and mention alternatives and nuances.

Not in this case.

Best wishes.
by Beehave
Sun Jun 10, 2018 11:22 am
Forum: Personal Finance (Not Investing)
Topic: Bogleheads' College Philosophy question
Replies: 68
Views: 3567

Re: Bogleheads' College Philosophy question

Community college can be a very good way to save on 2 years of undergrad. Yes, it can save money, but it's not as straightforward as this post implies. There are surprisingly highly qualified faculty members. Because there are no other jobs available, especially in fields like humanities. People wh...
by Beehave
Sun Jun 10, 2018 3:50 am
Forum: Personal Finance (Not Investing)
Topic: Bogleheads' College Philosophy question
Replies: 68
Views: 3567

Re: Bogleheads' College Philosophy question

Community college can be a very good way to save on 2 years of undergrad. There are surprisingly highly qualified faculty members. Classes are small. Faculty is devoted to instruction -- not publishing. Just be careful about which instructors you choose -- this is easily researchable. It can be an i...
by Beehave
Sat Jun 09, 2018 6:54 pm
Forum: Personal Finance (Not Investing)
Topic: Need motivation - how much did you lower expenses by downsizing ( if you did)
Replies: 11
Views: 1576

Re: Need motivation - how much did you lower expenses by downsizing ( if you did)

'Nearing retirement age' covers a pretty wide swath. Are you late '50's-early '60's in good health? If that's the case, and you like the house and would be happiest there, I would strongly consider staying. You could have another 20 years there yet. If you are older and/or have health issues, that ...
by Beehave
Sat Jun 09, 2018 4:07 pm
Forum: Personal Consumer Issues
Topic: New or used Genesis reviews
Replies: 14
Views: 1762

Re: New or used Genesis reviews

For what it's worth - - - a friend leased a Genesis two or three years ago. I think he needed a software update to the nav or dynamic cruise right after getting it, never heard of any issues after that. He turned it in for some giant Audi SUV a couple of months ago. Now says he prefers and will go b...
by Beehave
Sat Jun 09, 2018 3:55 pm
Forum: Investing - Theory, News & General
Topic: The Psychology of Money - A Blog Post
Replies: 66
Views: 8914

Re: The Psychology of Money - A Blog Post

I loved this one: There are over 2,000 books picking apart how Warren Buffett built his fortune. But none are called “This Guy Has Been Investing Consistently for Three-Quarters of a Century.” And that's apparently how Grace Groner built her fortune, too. But there are not 2,000 books about that. S...
by Beehave
Thu Jun 07, 2018 5:40 pm
Forum: Personal Consumer Issues
Topic: daughter wants a college transfer?
Replies: 65
Views: 5061

Re: daughter wants a college transfer?

My son transferred. He had the worst freshman year ever. I knew after the 1st week he was going to hate being there. He picked a school where none of his friends where going, which was fine, but the school set him up for failure as they place him in a sophomore dorm as a freshman. I won't even get ...
by Beehave
Wed Jun 06, 2018 12:53 pm
Forum: Investing - Theory, News & General
Topic: Yes, you can diversify a market portfolio
Replies: 190
Views: 9367

Re: Yes, you can diversify a market portfolio

I glean from the OP's writing is that a barbell strategy for this implementation is somehow supposed to be superior to a market-weighted strategy. Specifically, it is suggested that adding tilts such as long-term bonds and small caps adds diversification and lowers risk. I would argue that these ti...
by Beehave
Wed Jun 06, 2018 6:52 am
Forum: Investing - Theory, News & General
Topic: Yes, you can diversify a market portfolio
Replies: 190
Views: 9367

Re: Yes, you can diversify a market portfolio

To me, this discussion is in the weeds, the cause being a peculiar use of the term "diversification." Assume a buy-and-hold overall methodology. The core idea is that over time the market rises; but with jagged, sometimes severe bumps. The objective is to survive the bumps and profit from the long-t...
by Beehave
Tue Jun 05, 2018 9:05 pm
Forum: Personal Finance (Not Investing)
Topic: Submitting an offer on a home
Replies: 24
Views: 2583

Re: Submitting an offer on a home

I'd suggest: (1) Find a good R/E agent who knows the market and something about structures (ask around). (2) Line up an excellent home inspector who is independent of the realtors (ask around or research it) (3) Check zillow.com or realtor.com daily or set alarms for new listings to get a feel for t...
by Beehave
Tue Jun 05, 2018 4:45 pm
Forum: Investing - Help with Personal Investments
Topic: Medically Retired at Age 30 [Looking for financial stability - 100% Disabled Vet]
Replies: 9
Views: 1715

Re: Medically Retired at Age 30 [Looking for financial stability - 100% Disabled Vet]

I want this thread to keep going, so here's my response. Others with expertise on the issues I cover and the ones I do not should chime in. Emergency Fund: You mention a bank account that you keep reaching into as needed. Try to have a fund that you build for emergencies only. Personally, I think th...
by Beehave
Tue Jun 05, 2018 1:00 pm
Forum: Investing - Help with Personal Investments
Topic: Which bridge to SS?
Replies: 8
Views: 874

Re: Which bridge to SS?

My suggestion: Please consider that an inflationary or deflationary shock is possible. When you are employed, you are somewhat shielded from the consequences. When you are not employed there is much less of a shield. It looks to me (on a cursory analysis) like more cash on hand would be advisable to...
by Beehave
Tue Jun 05, 2018 10:27 am
Forum: Personal Finance (Not Investing)
Topic: Can a Retired 60 yo MD, MBA Start a Law Career?
Replies: 273
Views: 12429

Re: Can a Retired 60 yo MD, MBA Start a Law Career?

An alternative suggestion: With your credentials you can teach. I'd bet heavy that any community college would die to have you on adjunct staff. Your salary per course will be a joke. But you can contribute mightily to your community and to the young adults striving to improve their lives. I teach l...
by Beehave
Tue Jun 05, 2018 8:29 am
Forum: Personal Finance (Not Investing)
Topic: Might one take social security before 70 because you would hit total family benefits earlier?
Replies: 32
Views: 2210

Re: Might one take social security before 70 because you would hit total family benefits earlier?

(1) Husband and wife each drawing their own earned Social Security can get well over 5K total per month. I do not know what that $4600 or so "family limitation" is. (2) The way SS payments increase if you delay past full retirement is a fixed amount each month. Using completely made-up numbers, supp...
by Beehave
Mon Jun 04, 2018 1:27 pm
Forum: Investing - Help with Personal Investments
Topic: NYT Story on Importance of Working Just a Little Longer
Replies: 27
Views: 4693

Re: NYT Story on Importance of Working Just a Little Longer

The actual study ("The Power of Working Longer") upon which the newspaper article is based came out of Stanford. The authors of the study make clear what or who the article is intended to address very early on: "In this paper, we examine how households that are close to retirement could reassess ret...
by Beehave
Mon Jun 04, 2018 5:27 am
Forum: Investing - Theory, News & General
Topic: Best case to convert a Bogle skeptic?
Replies: 56
Views: 4841

Re: Best case to convert a Bogle skeptic?

Your father feels loyalty to the company he worked for apparently during a long career. They invested in him and he invested in them. He paid for his family's well-being based on this relationship which forms a large part of his identity. Follow his wishes about the investments. Consult with the man...
by Beehave
Thu May 31, 2018 4:21 pm
Forum: Investing - Help with Personal Investments
Topic: Switching from Balanced Funds to Stock and Money Market Funds
Replies: 6
Views: 810

Re: Switching from Balanced Funds to Stock and Money Market Funds

I've already done some of this move from bonds to money market because I analyzed the situation and came to the conclusion that this was the most reasonable thing to do. If I had come to that conclusion and then did not act on it, it would have greater than 90% chance of being correct. However, sinc...
by Beehave
Wed May 30, 2018 10:47 pm
Forum: Personal Finance (Not Investing)
Topic: Am I crazy to pay off my 30-yr fixed 3.625 mortgage?
Replies: 129
Views: 13889

Re: Am I crazy to pay off my 30-yr fixed 3.625 mortgage?

Your assets should help work to make you happy. You state that paying off the home loan will make you happy. My advice = do it. I paid mine off and never regretted it, and yes I'd have made more had I invested it in the market. But peace of mind is of extraordinary value. I'd have greater debt today...
by Beehave
Wed May 30, 2018 3:33 pm
Forum: Investing - Help with Personal Investments
Topic: SPIA - inflation adjusted or not?
Replies: 12
Views: 1466

Re: SPIA - inflation adjusted or not?

In addition to being an investment, an annuity is for peace of mind in the sense of being a worry reducer. Since OP is interested enough in annuities to be seriously researching SPIA-fixed vs inflation-protected, my guess is that peace of mind is a consideration here. First question I'd have is OP's...
by Beehave
Wed May 30, 2018 3:32 pm
Forum: Investing - Help with Personal Investments
Topic: SPIA - inflation adjusted or not?
Replies: 12
Views: 1466

Re: SPIA - inflation adjusted or not?

In addition to being an investment, an annuity is for peace of mind in the sense of being a worry reducer. Since OP is interested enough in annuities to be seriously researching SPIA-fixed vs inflation-protected, my guess is that peace of mind is a consideration here. First question I'd have is OP's...
by Beehave
Sun May 27, 2018 12:21 pm
Forum: Personal Consumer Issues
Topic: Help Buying Mens Shoes for Work and Dating
Replies: 90
Views: 7668

Re: Help Buying Mens Shoes for Work and Dating

Try Clark's Unstructured. Very comfortable. Available in wide sizes. Not too costly. Nice styles. Good for casual or business.
by Beehave
Sat May 26, 2018 10:16 am
Forum: Personal Consumer Issues
Topic: Rowing machine
Replies: 32
Views: 2520

Re: Rowing machine

Ditto Concept 2. Minimum maintenance and it keeps on working. Two suggestions: (1) Don't forget to do core exercises too. (2) If you cruise, cruise ship gyms often have Concept 2 machines. You will want to do your daily routine. Do not use the rower if seas are rocking. The gym is high up, the moti...
by Beehave
Sat May 26, 2018 1:11 am
Forum: Personal Consumer Issues
Topic: Rowing machine
Replies: 32
Views: 2520

Re: Rowing machine

Ditto Concept 2. Minimum maintenance and it keeps on working. Two suggestions: (1) Don't forget to do core exercises too. (2) If you cruise, cruise ship gyms often have Concept 2 machines. You will want to do your daily routine. Do not use the rower if seas are rocking. The gym is high up, the motio...
by Beehave
Tue May 22, 2018 7:06 pm
Forum: Investing - Theory, News & General
Topic: If RMD are large should you still defer into 401k
Replies: 32
Views: 3157

Re: If RMD are large should you still defer into 401k

Looks like you are satisfied with your 401k balances and do not "need" more. So from the perspective of retirement needs, future contributions are optional. Given that, 1st consideration as mentioned in a response above is not to give up on any employer match. If employers are matching dollar for do...
by Beehave
Mon May 21, 2018 7:54 pm
Forum: Investing - Theory, News & General
Topic: What are downsides of ESPP @ 15% discount ?
Replies: 41
Views: 2967

Re: What are downsides of ESPP @ 15% discount ?

Let's assume the employee is allowed to buy ESPP with 10% of their salary and they're making $80k/yr. They are buying at 15% off of the lower price for the stock 6 months ago or today. So they are getting a min of 15% off, and presumably about half the time, more than that 15% off. In this scenario ...
by Beehave
Mon May 21, 2018 4:47 pm
Forum: Investing - Theory, News & General
Topic: What are downsides of ESPP @ 15% discount ?
Replies: 41
Views: 2967

Re: What are downsides of ESPP @ 15% discount ?

Is the company long-term stable and growing? If not, maybe start looking elsewhere for employment. Your long-term security is infinitely more important than a couple of money-making trades a year. If the company is stable and growing, why not hold onto stock you are buying at a minimum of 15% off? ...
by Beehave
Mon May 21, 2018 9:50 am
Forum: Investing - Theory, News & General
Topic: What are downsides of ESPP @ 15% discount ?
Replies: 41
Views: 2967

Re: What are downsides of ESPP @ 15% discount ?

Is the company long-term stable and growing? If not, maybe start looking elsewhere for employment. Your long-term security is infinitely more important than a couple of money-making trades a year. If the company is stable and growing, why not hold onto stock you are buying at a minimum of 15% off? T...
by Beehave
Fri May 18, 2018 9:14 pm
Forum: Investing - Theory, News & General
Topic: Questions about RMDs
Replies: 41
Views: 5560

Re: Questions about RMDs

Regarding taking out a greater amount than required for RMD: As mentioned in some responses above, this may affect your tax bracket and your Social Security taxation. I did not read all replies, so in case it was not mentioned, there is another implication. Your Medicare payments (assuming you are o...
by Beehave
Fri May 18, 2018 8:30 pm
Forum: Investing - Help with Personal Investments
Topic: Long term investment in grains/wheat
Replies: 22
Views: 1425

Re: Long term investment in grains/wheat

Since you are writing about long-term investing, I'd surmise you are not interested in commodities trading but a more permanent aspect of agriculture. I've looked into this a little bit, my thought being that if there is some future "black swan" event (inflation, deflation, or whatever), people will...
by Beehave
Sun May 13, 2018 6:24 pm
Forum: Personal Finance (Not Investing)
Topic: Buying land in central FL
Replies: 55
Views: 5368

Re: Buying land in central FL

Have you checked out: - availability of utilities/water/sewage/telephone - existence of roads - easements and access involving the lots and neighborhood - mineral rights - building and zoning plans in the area and your specific neighborhood/lot - sinkholes - tendency to flood (FEMA rating) - prior h...
by Beehave
Thu May 10, 2018 11:52 am
Forum: Investing - Help with Personal Investments
Topic: How do you quantify the risk differential between 85/15 and 70/30?
Replies: 70
Views: 5918

Re: How do you quantify the risk differential between 85/15 and 70/30?

I'd suggest that this allocation question is better analyzed as a question of psychology than finance. The question of what happens if the market goes down 50% is a key consideration. If you had been at 85/15, will you rebalance? Or will you freeze? Or will you sell? For most people, being at 70/30 ...
by Beehave
Sun Apr 29, 2018 8:55 pm
Forum: Investing - Theory, News & General
Topic: Mental elasticity as you age & free choice paradigm
Replies: 17
Views: 3030

Re: Mental elasticity as you age & free choice paradigm

I don't see much to mitigate; my choices of mutual funds, mostly index funds are just fine. I'm happy to be entrenched with them. And I'm just a young lad of 68, so haven't worried much about cognitive decline yet... Agreed. The learning point here is be "entrenched" in the correct thought process ...
by Beehave
Sat Apr 28, 2018 9:45 pm
Forum: Investing - Help with Personal Investments
Topic: More aggressive portfolio with a pension?
Replies: 42
Views: 3800

Re: More aggressive portfolio with a pension?

We are retired. Our SS and pension covers our expenses adequately. I do not consider them as bond funds, I consider we may lose that pension. It has happened to other corporate employees - Polaroid for instance. GE is in a scary place. Even SS is not totally guaranteed, laws may change. Our AA is 6...
by Beehave
Wed Apr 25, 2018 10:02 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Financial Perils Of Old Age
Replies: 94
Views: 11139

Re: Larry Swedroe: Financial Perils Of Old Age

Perhaps my story will help someone & how it influenced my investing. I have told this story before but for the new members I'll tell it again... My Mom died of a combination of type 1 diabetes. Her diabetes caused a series of strokes which disabled her (walking with a walker & cane). Which also cau...
by Beehave
Wed Apr 25, 2018 11:54 am
Forum: Investing - Help with Personal Investments
Topic: Vested in pension... leave it in or take it out?
Replies: 10
Views: 1041

Re: Vested in pension... leave it in or take it out?

I did not see monthly benefit estimate above. I did see gov't pension with COLA. I would lean very, very heavily on - - Take the pension!. It is a relatively sure, diversified portion of your retirement. It is peace of mind. It is a base ensuring you do not have to sell your investments at the worst...
by Beehave
Wed Apr 25, 2018 11:42 am
Forum: Personal Finance (Not Investing)
Topic: Turning 65, and choosing not to take Medicare Part B
Replies: 41
Views: 4776

Re: Turning 65, and choosing not to take Medicare Part B

I have fairly comprehensive health coverage in retirement; which I plan to keep. And I will not collect social security till 70 years of age. I am turning 65 in 3 months and am considering not signing up for Medicare Part B. Are their others here who have chosen to not sign up for Medicare Part B? ...
by Beehave
Wed Apr 25, 2018 10:23 am
Forum: Personal Consumer Issues
Topic: Ever ship/transport a car?
Replies: 14
Views: 1053

Re: Ever ship/transport a car?

I shipped one. Picked the company everyone said was the "go to" choice. The shipper convinced me, last minute, to pay fifty bucks extra to guarantee car would be on top row of carrier, because bottom row gets road tar, pebbles/stones. When I received the car, what my fifty bucks had done was guarant...
by Beehave
Mon Apr 23, 2018 9:41 pm
Forum: Investing - Help with Personal Investments
Topic: How to invest what little retirement money is left at 85
Replies: 10
Views: 2336

Re: How to invest what little retirement money is left at 85

Thank you everyone for all of your recommendations. It reaffirms what I was thinking as well. I will be calling Vanguard later this week to start the process. He is fine with my suggestion to transfer his money to something safer. He is still self sufficient up to a point. Im working on getting him...
by Beehave
Sun Apr 22, 2018 10:17 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement Planning for Health Care Costs
Replies: 22
Views: 2201

Re: Retirement Planning for Health Care Costs

Very hard to figure. Will Medicare or other government program be in place? Will dramatic medical advances make insurance less costly? I think the best you can do is try to stay employed and keep your skills up-to-date. If you are consistently employed and save prudently, then most of the benefits o...
by Beehave
Sun Apr 22, 2018 10:02 pm
Forum: Personal Consumer Issues
Topic: AAA? What to do in car emergencies?
Replies: 90
Views: 5690

Re: AAA? What to do in car emergencies?

But as I was driving on the highway, I realized that, without my husband, I have no clue what to do if I have a flat or a breakdown or an accident. Is AAA still the thing to do? AAA is an expensive and bad idea. 30 yrs ago they were the only game in time and people are stuck in old habits. Any auto...
by Beehave
Sat Apr 21, 2018 4:12 pm
Forum: Investing - Help with Personal Investments
Topic: Should I continue to hold REITs?
Replies: 48
Views: 4152

Re: Should I continue to hold REITs?

I understand and agree with the buy and hold theory that in the long run, a broad index of diversified assets will increase in price/value. I've held stocks not only without selling, but buying into the 1987, 2002, and 2008 downturns. Even with that, my mindset is just different with bonds and REITs...