Search found 1461 matches

by Dottie57
Thu Jun 22, 2017 3:16 pm
Forum: Personal Finance (Not Investing)
Topic: House Closing is Tomorrow! Here are the Closing fees .... am I being ripped off?
Replies: 19
Views: 1324

Re: House Closing is Tomorrow! Here are the Closing fees .... am I being ripped off?

Justwondering why you are asking about fees on such short notice. Did the lendor just give you the figures?
by Dottie57
Thu Jun 22, 2017 2:31 pm
Forum: Personal Finance (Not Investing)
Topic: Early Retirement - what to do about healthcare?
Replies: 128
Views: 14520

Re: Early Retirement - what to do about healthcare?

It's something of an irony that we're here in the forum overall to learn better how to profit from the constant growth that is celebrated and supported above all else in the US — above affordable health care, above education, above everything. At the end of the day, it means Americans believe it’s ...
by Dottie57
Thu Jun 22, 2017 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: Early Retirement - what to do about healthcare?
Replies: 128
Views: 14520

Re: Early Retirement - what to do about healthcare?

Regarding "USA having one of the longest life expediencies in the world." USA appears to be #31. https://en.wikipedia.org/wiki/List_of_countries_by_life_expectancy OK. That's the page I was looking at too, but I was looking at the graph at the top of the page. Not all countries are shown ...
by Dottie57
Wed Jun 21, 2017 8:33 pm
Forum: Personal Finance (Not Investing)
Topic: SURS help [State Universities Retirement System]
Replies: 9
Views: 465

Re: SURS help

Facing the irrevocable decision of a retirement plan for Illinois higher ed ---but I'm not sure of the implications of choosing the Traditional, Portable, or Self-Managed Plan. Would like to hear the pros/cons of each from anyone familiar with this system---I've read the online info, but not savvy ...
by Dottie57
Wed Jun 21, 2017 5:19 pm
Forum: Personal Finance (Not Investing)
Topic: Siblings in disagreement over mom's house.
Replies: 238
Views: 14791

Re: Siblings in disagreement over mom's house.

In my family our parents and grandparents generation left their homes to their children equally. The intent was not to split the proceeds in equal amounts. What they really wanted was for the siblings to remain close and use the money to take care of each for the rest of their lives as the parents ...
by Dottie57
Wed Jun 21, 2017 3:56 pm
Forum: Investing - Theory, News & General
Topic: Christine Benz: "How to Make the Most of Your 401(k)"
Replies: 18
Views: 2310

Re: Christine Benz: "How to Make the Most of Your 401(k)"

I am astonished how many people don't participate in 401k plans. The employer match is low hanging fruit ready to be plucked and there are folks that refuse even that. It seems that there are other priorities and retirement seems so far off. I think the issue is the initial administrative barrier. ...
by Dottie57
Wed Jun 21, 2017 12:18 pm
Forum: Investing - Help with Personal Investments
Topic: Unsure where to start with 401k choices
Replies: 12
Views: 560

Re: Unsure where to start with 401k choices

PFInterest wrote:Vanguard institutional + one of those bond funds should be fine (whichever is more indexy...Didn't look)


+1
by Dottie57
Wed Jun 21, 2017 8:23 am
Forum: Personal Finance (Not Investing)
Topic: Co-workers advising to buy house RIGHT NOW
Replies: 59
Views: 4775

Re: Co-workers advising to buy house RIGHT NOW

delamer wrote:Last time I heard people talking like that was right before the housing crash beginning in 2006.



+1

Never buy a house before you are ready.
by Dottie57
Wed Jun 21, 2017 7:22 am
Forum: Personal Finance (Not Investing)
Topic: Early Retirement - what to do about healthcare?
Replies: 128
Views: 14520

Re: Early Retirement - what to do about healthcare?

If anything, the ACA made it easier for me to retire at a relatively young age, 47. Since its inception I have paid $250-400/month for insurance. The annual increases have been in the 20% range, which sucks, but I have been eligible for subsidies since I live off my portfolio, and I have been able ...
by Dottie57
Tue Jun 20, 2017 9:04 am
Forum: Personal Consumer Issues
Topic: is luxury car a smarter purchase?
Replies: 90
Views: 5055

Re: is luxury car a smarter purchase?

Today, buying any car other than a self-driving car(Tesla?) is not a smart purchase. There is a revolution coming in the automobile world. Few more years, and all current car ownerships and insurance models will be history. Balderdash. Maybe in a few decades, but in a few years they will still be i...
by Dottie57
Mon Jun 19, 2017 11:47 pm
Forum: Personal Finance (Not Investing)
Topic: What to do with extra money?
Replies: 4
Views: 532

Re: What to do with extra money?

Hey, everyone Background info. I'm 22 years old. Debt free. In the military. I have 3-6 months of expenses saved in my savings account and am regularly putting 15% of my income into retirement. My retirement isn't being maxed out but I'd rather not put more than that into retirement accounts for th...
by Dottie57
Mon Jun 19, 2017 7:04 am
Forum: Investing - Help with Personal Investments
Topic: Why do we need an emergency fund?
Replies: 70
Views: 3957

Re: Why do we need an emergency fund?

An emergency fund is for emergencies when you need cash NOW. Like when you are told your dad is dying, mom is glassy eyed and he is being transferred to a physical hospice. Hospice want money NOW on Friday evening. I had money in checking and savings , so wrote a check which was cashed on Monday mo...
by Dottie57
Sun Jun 18, 2017 7:01 pm
Forum: Investing - Help with Personal Investments
Topic: What Is The Right Amount For An Emergency Fund?
Replies: 27
Views: 2419

Re: What Is The Right Amount For An Emergency Fund?

For myself, I keep the often recommended 6 months worth of cash on hand given my circumstance. I do know that each person's situation is different and how much you keep depends on your circumstance. Yet nobody seems to agree what the sweet spot is. What do you think a good amount is? Be brutally ho...
by Dottie57
Sun Jun 18, 2017 6:37 pm
Forum: Investing - Help with Personal Investments
Topic: Why do we need an emergency fund?
Replies: 70
Views: 3957

Re: Why do we need an emergency fund?

An emergency fund is for emergencies when you need cash NOW. Like when you are told your dad is dying, mom is glassy eyed and he is being transferred to a physical hospice. Hospice want money NOW on Friday evening. I had money in checking and savings , so wrote a check which was cashed on Monday mor...
by Dottie57
Sun Jun 18, 2017 1:25 pm
Forum: Investing - Theory, News & General
Topic: FireCalc: Equities almost 70% for a 20 year term???
Replies: 43
Views: 3484

Re: FireCalc: Equities almost 70% for a 20 year term???

I have been running firecalc with reduced SS amounts. I' first ran it with 50/50 asset allocation. Then 60 stock/40 fixed income. The success rate went down with 60/40 but a possibility of much higher ending value. Is this expected?
by Dottie57
Sun Jun 18, 2017 1:02 pm
Forum: Personal Consumer Issues
Topic: Lg refrigerator vs Samsung refrigerator.
Replies: 19
Views: 1465

Lg refrigerator vs Samsung refrigerator.

My refrigerator is running out of steam. I want a black one which will match other appliances in color. Any preferences between LG and Samsung? The refrigerator will be about 21-22 cubic feet or less. Thanks.
by Dottie57
Sun Jun 18, 2017 12:59 pm
Forum: Personal Finance (Not Investing)
Topic: Inheriting Quandary
Replies: 46
Views: 6542

Re: Inheriting Quandary

Seek legal counsel representing only yourself. Inquire "partition suit" proceedings to be able to extricate yourself from building/property ownership paid fairly/appraised apportioned value, to you. The siblings have the option of buying you out with cash or selling the properties. A part...
by Dottie57
Sun Jun 18, 2017 11:06 am
Forum: Personal Finance (Not Investing)
Topic: Siblings in disagreement over mom's house.
Replies: 238
Views: 14791

Re: Siblings in disagreement over mom's house.

General question to the knowledgeable posters who have commented: What (besides deep sympathy to OP) is the take-away from this for others? Can you write something in your Will stating that the heirs have a certain period of time (six months, 11 months, whatever) to sell the real property, whether ...
by Dottie57
Sun Jun 18, 2017 8:48 am
Forum: Personal Finance (Not Investing)
Topic: Unexpected raise while househunting-- should I change my budget?
Replies: 17
Views: 1961

Re: Unexpected raise while househunting-- should I change my budget?

Don't increase your budget. Your future self with thank you. Don't use taxable for downpayment. Let it grow. I don't know what downpayment gift means, but use that. I personally would buy a $300,000 house and get a 15 year mortgage for $100,000. A house payment close to $1000/month is a blessing th...
by Dottie57
Sun Jun 18, 2017 8:33 am
Forum: Investing - Theory, News & General
Topic: Best Financial Advice from Dad (in honor of father's day)
Replies: 79
Views: 4694

Re: Best Financial Advice from Dad (in honor of father's day)

My dad's financial gift was an education and Jane Bryant Quin's financial book. Also his example of figuring out how to retire by doing long hand calcs. Excel would have helped him so much.

The best gift was his love for us kids, his pride in us , and his example of generosity and honesty.
by Dottie57
Sun Jun 18, 2017 8:09 am
Forum: Personal Finance (Not Investing)
Topic: Siblings in disagreement over mom's house.
Replies: 238
Views: 14791

Re: Siblings in disagreement over mom's house.

What if you take out a line of credit and use that cash to buy out the parties that don't want to own it? The ones that do want to own the house are left with a reasonable mortgage payment. If I take out a line of credit I would left holding the bag when the keepers do not pay me because of their f...
by Dottie57
Sat Jun 17, 2017 3:18 pm
Forum: Investing - Help with Personal Investments
Topic: Forced to Convert 401k to IRA?
Replies: 17
Views: 1141

Re: Forced to Convert 401k to IRA?

I am 60, and retired at 58 from a large corporation, where I worked for 32 years. I have a substantial 401k, and am contemplating starting to withdraw from it in the next year or two. The 401k is managed by Vanguard. I called Vanguard, and they said that in order to begin withdrawing, I'd have to c...
by Dottie57
Sat Jun 17, 2017 3:07 pm
Forum: Investing - Theory, News & General
Topic: Your Favorite Portfolio Tilts
Replies: 79
Views: 4535

Re: Your Favorite Portfolio Tilts

I have a very small tilt in my 401k to small caps And mid caps. My total stock fund is vanguards S&p 500 fund, small cap and mid cap. In ira's and individual accounts it is fidelity indexs.
by Dottie57
Sat Jun 17, 2017 3:07 pm
Forum: Investing - Theory, News & General
Topic: Your Favorite Portfolio Tilts
Replies: 79
Views: 4535

Re: Your Favorite Portfolio Tilts

I have a very small tilt in my 401k to small caps And mid caps. My total stock fund is vanguards S&p fund, small cap and mid cap. In ira's and individual accounts it is fidely indexs.
by Dottie57
Sat Jun 17, 2017 2:51 pm
Forum: Personal Consumer Issues
Topic: Poaching chicken
Replies: 46
Views: 3025

Re: Poaching chicken

I feel like a fool asking this...as a 60 something vegetarian man I can honestly say that I have never made chicken. Like a fool, instead of taking the easy way out and just donating cash for a charitable event, I volunteered to cook something. So I was assigned to do poached chicken breasts, total...
by Dottie57
Sat Jun 17, 2017 2:50 pm
Forum: Personal Consumer Issues
Topic: Poaching chicken
Replies: 46
Views: 3025

Re: Poaching chicken

I feel like a fool asking this...as a 60 something vegetarian man I can honestly say that I have never made chicken. Like a fool, instead of taking the easy way out and just donating cash for a charitable event, I volunteered to cook something. So I was assigned to do poached chicken breasts, total...
by Dottie57
Sat Jun 17, 2017 2:43 pm
Forum: Investing - Help with Personal Investments
Topic: The terrible things I have done--I wish to come clean
Replies: 24
Views: 2367

Re: The terrible things I have done--I wish to come clean

Good for you! I think some of those are great choices. The sheep around here will tell you how bad they are but for some people they are great choices. I don't think you need to start a thread about it but whatever floats your boat. We're not that baaaaaad. What you call sheep are people who have d...
by Dottie57
Sat Jun 17, 2017 2:27 pm
Forum: Investing - Help with Personal Investments
Topic: The terrible things I have done--I wish to come clean
Replies: 24
Views: 2367

Re: The terrible things I have done--I wish to come clean

HI Folks, A recent blog got me thinking about all the many terrible things I have done or plan to do and for which I now wish to disclose (but not repent): --I own active stock funds (doing very well); --I own high yield bond funds (been a good investment in basis and earnings); --I own > 10 funds ...
by Dottie57
Sat Jun 17, 2017 12:25 pm
Forum: Personal Finance (Not Investing)
Topic: inherited IRA in community property state requires spousal consent for non-spousal beneficiary
Replies: 32
Views: 1835

Re: inherited IRA in community property state requires spousal consent for non-spousal beneficiary

I am very surprised that a certain IRA custodian requires that for an inherited IRA (from a non-spouse), when they are residents of a community property state, a spouse must consent for the beneficiary to be anyone other than him/her. I thought inherited assets were considered separate, even in com...
by Dottie57
Sat Jun 17, 2017 12:21 pm
Forum: Personal Finance (Not Investing)
Topic: Inheriting Quandary
Replies: 46
Views: 6542

Re: Inheriting Quandary

Seek legal counsel representing only yourself. Inquire "partition suit" proceedings to be able to extricate yourself from building/property ownership paid fairly/appraised apportioned value, to you. The siblings have the option of buying you out with cash or selling the properties. A part...
by Dottie57
Sat Jun 17, 2017 8:29 am
Forum: Personal Finance (Not Investing)
Topic: Tracking progress to $1M portfolio and no mortgage by 40
Replies: 53
Views: 11363

Re: Tracking progress to $1M portfolio and no mortgage by 40

Good luck! It's nice to have goals. Also you have undertaken this work during a pretty powerful run up in equities so don't get discouraged if in a few years your portfolio hasn't moved much or is even worth less than it is today. Mileposts are nice but sometimes it's also helpful to focus on the p...
by Dottie57
Fri Jun 16, 2017 7:53 pm
Forum: Investing - Theory, News & General
Topic: Amazon Buys Whole Foods
Replies: 93
Views: 8829

Re: Amazon Buys Whole Foods

I find it interesting that people worship bezos/amazon...when in reality he's done more to kill brick and mortar stores than waltons/walmart did. Double standard much?? Now amazon is buying grocery chains...they're been in the tv/movie business now for a couple years and are starting to create thei...
by Dottie57
Fri Jun 16, 2017 7:31 pm
Forum: Personal Consumer Issues
Topic: Cataracts & reading glasses
Replies: 31
Views: 2089

Re: Cataracts & reading glasses

My mom had cataracts. Her vision greatly improved. My advice is to not cheap out on this issue.

I've had a cornea transplant. Vision should be taken seriously.
by Dottie57
Wed Jun 14, 2017 6:35 am
Forum: Forum Issues and Administration
Topic: How to "follow" a thread of BH
Replies: 8
Views: 908

Re: How to "follow" a thread of BH

I believe someone mentioned how to do this, but I can't seem to figure it out. There are certain threads that, as they fade into the past and off the board, I'd like to be notified if and when additions are made. Could someone remind me how to do this? Open the thread you want to follow. Click on t...
by Dottie57
Tue Jun 13, 2017 10:19 pm
Forum: Personal Finance (Not Investing)
Topic: Trust Fund Hell
Replies: 57
Views: 6068

Re: Trust Fund Hell

Avo wrote:
Taylor Larimore wrote:In 1990 I brought suit against the largest bank in Miami for mishandling the investments of my grandmother's trust fund.

Did you win??



Hopefully the answer is "Yes"!
by Dottie57
Tue Jun 13, 2017 9:31 pm
Forum: Personal Finance (Not Investing)
Topic: Curious to odd estate question
Replies: 88
Views: 4707

Re: Curious to odd estate question

This is the craziest thread.! Hope whoever wants this info never worked hard to get assets.
by Dottie57
Tue Jun 13, 2017 8:49 pm
Forum: Investing - Help with Personal Investments
Topic: Fisher says Mutual Funds are Risky
Replies: 32
Views: 2249

Re: Fisher says Mutual Funds are Risky

Help! I am being hounded by Fisher Investments. They are trying to convince me that mutual funds are risky since they don't take advantage of market highs. I am told they also trade a lot which raises costs. Fisher is advising me to buy a 100% stock portfolio managed by them which will return high ...
by Dottie57
Tue Jun 13, 2017 8:44 pm
Forum: Personal Finance (Not Investing)
Topic: Help My Mother "Survive"?
Replies: 67
Views: 4513

Re: Help My Mother "Survive"?

Are you in a position to pay the car off? Get rid of cell, or at least a cheaper plan Get rid of wifi. Library has it. Get rid of cable. Library for Dvds. Cheaper apartment or a studio or roommate. Sorry to be so draconian. Appreciate the brutal honesty. I could pay the car off, sure, but I'm appre...
by Dottie57
Tue Jun 13, 2017 8:33 pm
Forum: Personal Finance (Not Investing)
Topic: Who takes financial chances and why is this forum so financially conservative?
Replies: 139
Views: 11765

Re: Who takes financial chances and why is this forum so financially conservative?

Sometimes.. when I think no one is watching.... I buy lottery tickets. :moneybag Pssst.. I do too. shhhhhhh.... My late father-in-law (an engineer) used to say that lottery tickets were a tax on stupidity. The more stupid you were, the more you paid, and yet we are all a bit stupid, so we shouldn't...
by Dottie57
Tue Jun 13, 2017 8:18 pm
Forum: Personal Finance (Not Investing)
Topic: Help My Mother "Survive"?
Replies: 67
Views: 4513

Re: Help My Mother "Survive"?

Be careful of how you apply for SS. Get the most you can. Rules are complex.
by Dottie57
Tue Jun 13, 2017 8:09 pm
Forum: Personal Finance (Not Investing)
Topic: Help My Mother "Survive"?
Replies: 67
Views: 4513

Re: Help My Mother "Survive"?

Are you in a position to pay the car off?
Get rid of cell, or at least a cheaper plan
Get rid of wifi. Library has it.
Get rid of cable. Library for Dvds.
Cheaper apartment or a studio or roommate.

Sorry to be so draconian.
by Dottie57
Tue Jun 13, 2017 7:57 pm
Forum: Personal Finance (Not Investing)
Topic: Help My Mother "Survive"?
Replies: 67
Views: 4513

Re: Help My Mother "Survive"?

Your mom needs to work full time until she is 70 yo if at all possible. Her SS at 70 should be more than 1700 per month.

How long has she been working part time? Did someone die recently. How has she been surviving?
by Dottie57
Tue Jun 13, 2017 5:15 pm
Forum: Personal Finance (Not Investing)
Topic: Who takes financial chances and why is this forum so financially conservative?
Replies: 139
Views: 11765

Re: Who takes financial chances and why is this forum so financially conservative?

bligh wrote:Sometimes.. when I think no one is watching.... I buy lottery tickets. :moneybag



Pssst.. I do too. shhhhhhh....
by Dottie57
Tue Jun 13, 2017 3:51 pm
Forum: Investing - Help with Personal Investments
Topic: Another one of those "We are at the peak, crash is coming, how do I invest?" posts!
Replies: 75
Views: 5263

Re: Another one of those "We are at the peak, crash is coming, how do I invest?" posts!

"if we are at the beginning of a major market crash, should I at least tilt that allocation slightly towards bonds and perhaps a bit more international?" Of course not. If we are at the beginning of a major market crash, you should put all your money into a 3x leveraged inverse S&P ET...
by Dottie57
Tue Jun 13, 2017 12:30 pm
Forum: Investing - Help with Personal Investments
Topic: Another one of those "We are at the peak, crash is coming, how do I invest?" posts!
Replies: 75
Views: 5263

Re: Another one of those "We are at the peak, crash is coming, how do I invest?" posts!

There is another "doomsday" video floating around online. This one is by James Davidson and he says things like: "The stock market will plummet in 2017", "Our economy is past the point of no return" "The inevitable stock market wipe-out which will lead to a stock ...
by Dottie57
Tue Jun 13, 2017 12:23 pm
Forum: Personal Finance (Not Investing)
Topic: Who takes financial chances and why is this forum so financially conservative?
Replies: 139
Views: 11765

Re: Who takes financial chances and why is this forum so financially conservative?

I think there is a subset of posters who are almost frantic about the security of their actual or anticipated retirement. I don't think the Forum as such is conservative, aggressive, or anything else. There is a range. I agree if there is a mainstream it is, as the other poster stated, prudent. I j...
by Dottie57
Tue Jun 13, 2017 12:15 pm
Forum: Personal Consumer Issues
Topic: How many tech devices do you have?
Replies: 74
Views: 2953

Re: How many tech devices do you have?

I have 2008 iMac which is mostly a server now. 2012 macbook pro.. just haven't gotten rid of it. 2016. Macbook air. Mostly taxes and some graphics on it for weaving. Original iPad -may never sell this baby. Newer ipad ffrom 2015 IPad pro from 2016 IPhone 7 IPhone 5 2 Appletvs. 1 person household. I ...
by Dottie57
Tue Jun 13, 2017 9:27 am
Forum: Investing - Theory, News & General
Topic: Roth 401k > Traditional 401k
Replies: 58
Views: 3249

Re: Roth 401k > Traditional 401k

Did no one post this yet, or am I blind? https://www.wsj.com/articles/roth-vs-traditional-401-k-study-finds-a-clear-winner-1497233040?mod=trending_now_1 HBS study finds that savers using Roths ended up ahead. Mainly because people aim for a target to save each year, and by choosing a Roth you effec...
by Dottie57
Mon Jun 12, 2017 2:36 pm
Forum: Investing - Theory, News & General
Topic: Ok reasons for a 37 year old to have a 60/40 mix?
Replies: 39
Views: 3648

Re: Ok reasons for a 37 year old to have a 60/40 mix?

1) Helps me sleep at night easily. 2) If the stock allocation was higher ( 70/30 or 80/20 ) I don't feel confident on when in my life I would change it to a lower stock allocation. 3) I do feel confident holding 60/40 through a major downturn. 4) I do feel comfortable doing a change to 40/60 on yea...

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