Search found 1286 matches

by JDCarpenter
Tue Jun 27, 2017 10:30 pm
Forum: Personal Consumer Issues
Topic: Sam's Club vs. Costco
Replies: 84
Views: 4901

Re: Sam's Club vs. Costco

Which Sam's Club? In our experience, they differ drastically depending upon the demographics of the area in which they are located. Near us, we can't buy a bottle of Dom if we want to celebrate with a bubbly; near in-laws, Sam's stocks that. Costco, in our limited exposure to it, is pricey and full ...
by JDCarpenter
Fri Jun 23, 2017 4:32 pm
Forum: Investing - Help with Personal Investments
Topic: Can you share some of your financial goals?
Replies: 42
Views: 3452

Re: Can you share some of your financial goals?

After buying a home I've had 3 three "goals" for every dollar and "invest accordingly" for these: 1) ... 2) Send the kids through college debt-free savings (finished this goal - now withdrawing from it until complete). 3) A comfortable Retirement (this is certainly the biggest o...
by JDCarpenter
Fri Jun 23, 2017 3:27 pm
Forum: Investing - Help with Personal Investments
Topic: Advice with retirement planning and investments
Replies: 9
Views: 527

Re: Advice with retirement planning and investments

I'm in the "put it in immediately" camp. If you don't want to do that, there are good behavioral arguments for doing set-in-advance dollar cost averaging; say, 5% each month beginning July 1. This raises the question though of whether 75/25 is the appropriate asset allocation for you. If ...
by JDCarpenter
Fri Jun 23, 2017 11:23 am
Forum: Investing - Help with Personal Investments
Topic: Advice with retirement planning and investments
Replies: 9
Views: 527

Re: Advice with retirement planning and investments

... Desired Asset allocation: 75% stocks / 25% bonds Desired International allocation: 30% of stocks ... About me I have never really paid attention to my retirement planning. I am a big procrastinator and not disciplined when it comes to investing. I am also a very impulsive person and every so of...
by JDCarpenter
Thu Jun 22, 2017 12:35 pm
Forum: Investing - Help with Personal Investments
Topic: Early retirement
Replies: 21
Views: 3281

Re: Early retirement

I forgot the author, but he researched Safe Withdrawal Rates and determined that your age divided by 20 yields a SWR. He determined that there has never been a period of time since the modern stock market where assets were ever depleted at this rate. In other words, the 4% rule works at the age of ...
by JDCarpenter
Thu Jun 22, 2017 7:43 am
Forum: Personal Finance (Not Investing)
Topic: What does it mean to be a board-certified elder law attorney?
Replies: 10
Views: 1006

Re: What does it mean to be a board-certified elder law attorney?

I am looking for an estate attorney to help me with estate planning and I would prefer someone board-certified in elder law ..... Elder law is mainly Medicaid and guardianships. If you want someone to help you with your estate planning, you should look for a conventional trusts and estates lawyer. ...
by JDCarpenter
Wed Jun 21, 2017 5:36 pm
Forum: Investing - Help with Personal Investments
Topic: Early retirement
Replies: 21
Views: 3281

Re: Early retirement

... We're in the 28% tax bracket. I currently hold intermediate term tax exempt and a state muni. Does our tax bracket justify the use of these? What is the yield on each of those funds? What is the yield on a comparably "safe" taxable fund? What is the yield on a US government bond fund ...
by JDCarpenter
Wed Jun 21, 2017 12:35 pm
Forum: Investing - Help with Personal Investments
Topic: Early retirement
Replies: 21
Views: 3281

Re: Early retirement

Here are a couple of places to start reading, from the wiki: https://www.bogleheads.org/wiki/Tax-efficient_fund_placement https://www.bogleheads.org/wiki/Early_retirement (talks about how to access funds if before 59.5) You mention "FRA," in connection with accessing the deferred accounts....
by JDCarpenter
Tue Jun 20, 2017 3:50 pm
Forum: Personal Finance (Not Investing)
Topic: Widowed mother - siblings try to make a plan
Replies: 30
Views: 2332

Re: Widowed mother - siblings try to make a plan

... Outside of the family dynamics/issues, are there any financial considerations I am blind to in looking at this? When you consult the attorney, make sure to inquire as to whether the state in which your mother will reside with her youngest has a "filial responsibility" law with respect...
by JDCarpenter
Tue Jun 20, 2017 3:41 pm
Forum: Personal Finance (Not Investing)
Topic: Regret early retirement/downsizing
Replies: 230
Views: 36240

Re: Regret early retirement/downsizing

Question for those who retired "early". I am 61 and considering retirement (I can do it financially :happy ). Some writers on the subject say that you shouldn't just retire from something, you should have something to retire to. I have in mind the usual suspects: reading, volunteering, so...
by JDCarpenter
Tue Jun 20, 2017 2:57 pm
Forum: Personal Finance (Not Investing)
Topic: Regret early retirement/downsizing
Replies: 230
Views: 36240

Re: Regret early retirement/downsizing

... Technically, we haven't retired yet--but our ~2 years of notice runs out next month. We are retiring to travel. Only have relatively detailed plans for 2 trips encompassing 5 months (2 this year, 3 next),.... Any live aboard trips planned? Right now, just 10 days on Naia in Fiji, and another 9 ...
by JDCarpenter
Tue Jun 20, 2017 1:42 pm
Forum: Personal Finance (Not Investing)
Topic: Regret early retirement/downsizing
Replies: 230
Views: 36240

Re: Regret early retirement/downsizing

Question for those who retired "early". I am 61 and considering retirement (I can do it financially :happy ). Some writers on the subject say that you shouldn't just retire from something, you should have something to retire to. I have in mind the usual suspects: reading, volunteering, so...
by JDCarpenter
Mon Jun 19, 2017 5:26 pm
Forum: Personal Finance (Not Investing)
Topic: Siblings in disagreement over mom's house.
Replies: 241
Views: 16320

Re: Siblings in disagreement over mom's house.

... Family vs Family litigation is not a good thing, and the only advantages to arbitration that I can see for this situation is the likelihood possibility of somewhat reduced costs. At least in my practice (granted, commercial disputes), the "lower costs" of arbitration are present more ...
by JDCarpenter
Mon Jun 19, 2017 5:21 pm
Forum: Personal Finance (Not Investing)
Topic: "Wealth doesn't come with a handbook"
Replies: 2
Views: 1070

Re: "Wealth doesn't come with a handbook"

I read most of the article, but it's not something I can relate to since I don't have their problem. :beer We don't have that problem to anywhere near the same degree, but the thought process is familiar even at our level. When our kids were at home, how best to draw the line on spending? We never ...
by JDCarpenter
Mon Jun 19, 2017 5:16 pm
Forum: Personal Finance (Not Investing)
Topic: Full comprehensive or liability only?
Replies: 30
Views: 2097

Re: Full comprehensive or liability only?

If I can easily replace the car out of cash flow, we go liability only. Drove the last new/cheap one off the lot with that.

E.T.A.--lthenderson has a good point though, which we will consider when we start to travel more and rent more vehicles.
by JDCarpenter
Mon Jun 19, 2017 2:52 pm
Forum: Personal Finance (Not Investing)
Topic: Can One Keep Trial Deposits?
Replies: 19
Views: 2325

Re: Can One Keep Trial Deposits?

Amazingly, Bank of America gave me the 89 cents from the two trial deposits in my new Ally account this year. (Vanguard yanked them back quickly.)
by JDCarpenter
Mon Jun 19, 2017 11:11 am
Forum: Personal Finance (Not Investing)
Topic: What Car Should I Buy My Daughter as a Graduation Present
Replies: 139
Views: 6734

Re: Any BHs Had Experience With the Honda Fit?

Pros: -I am 5'11" and have plenty of room. -TONS of storage space with the seats folded down. "Most in class." e.g. Ikea queens size bed. Main reason I bought it-- I call it my mini-truck. Cons: - Poorer build quality than Toyota Corolla IMO [no problems that I've seen after 88K mile...
by JDCarpenter
Mon Jun 19, 2017 7:40 am
Forum: Personal Finance (Not Investing)
Topic: What Car Should I Buy My Daughter as a Graduation Present
Replies: 139
Views: 6734

Re: Any BHs Had Experience With the Honda Fit?

I have a 2012 Fit, base trim, with manual tranny--my first new car (at age 52). Currently has 88,000 miles on it. Average 39-44 mpg in mixed, commuting driving. (Way more than the EPA estimates.) Haven't noticed much noise at less than 70 miles per hour, except when accelerating. Above 70 on multist...
by JDCarpenter
Sun Jun 18, 2017 10:21 pm
Forum: Personal Finance (Not Investing)
Topic: Bank of America/Merrill Edge - Preferred Rewards
Replies: 338
Views: 58093

Re: Bank of America/Merrill Edge - Preferred Rewards

tooluser wrote:Any idea whether/when the Merrill Edge signup bonus will increase to $1000 as it has done in the past? Is there a historical time frame?


If he doesn't respond, you should PM Earl Lemongrab. I think he likely knows of the tendencies...
by JDCarpenter
Sun Jun 18, 2017 2:31 pm
Forum: Personal Consumer Issues
Topic: My Wife is having our 5th child. What is an appropriately extravagant push gift?
Replies: 90
Views: 6943

Re: My Wife is having our 5th child. What is an appropriately extravagant push gift?

#5 was born early Wednesday morning. My wife did amazingly, and delivered a beautiful, healthy baby girl. I opted to get her the bottle of wine, which was only $36. I'm not sure why I thought it was $80 maybe that was a different year. I think when they get close to running out of a particular year...
by JDCarpenter
Sun Jun 18, 2017 12:54 pm
Forum: Personal Consumer Issues
Topic: Alternatives to Amazon, Freebooksy, Bookbub, etc.
Replies: 15
Views: 1308

Re: Alternatives to Amazon, Freebooksy, Bookbub, etc.

gutenberg.org Note that other countries typically have shorter copyright duration than the US; Thanks, Mickey! (just for example, Australia and Canada have their own gutenberg projects, albeit with smaller holdings) These aren't options for cutting edge nonfiction, but I've been happy with these sou...
by JDCarpenter
Fri Jun 16, 2017 12:58 pm
Forum: Personal Finance (Not Investing)
Topic: Regret early retirement/downsizing
Replies: 230
Views: 36240

Re: Regret early retirement/downsizing

... Not like I don't deserve it, I often laugh at myself on the topic. Actually I have started noticing some behaviors in myself that lead me to believe that I am moving towards the end faster than I would want to acknowledge. I outlined some of the reasons in the "Bored with investing" t...
by JDCarpenter
Fri Jun 16, 2017 10:41 am
Forum: Personal Finance (Not Investing)
Topic: Regret early retirement/downsizing
Replies: 230
Views: 36240

Re: Regret early retirement/downsizing

.....retired at age 56........... My wife said "Watcha doing today?" I said "Nothing" She said.... "You did that yesterday". I said "I wasn't finished" I think you just delayed my retirement by at least 18 months. Thanks a lot. Not again! :D (I keed, I keed. ...
by JDCarpenter
Fri Jun 16, 2017 10:30 am
Forum: Investing - Help with Personal Investments
Topic: Parent's Portfolio
Replies: 12
Views: 1182

Re: Parent's Portfolio

Are they eligible for Social security? If so, is the lower income-earner drawing now? That might eliminate some/much of any desire/need for a dedicated cash amount. (I count VFSUX as a short term cash-like reserve myself, while recognizing that it is not truly cash, as shown by its short term hit in...
by JDCarpenter
Thu Jun 15, 2017 8:49 am
Forum: Investing - Help with Personal Investments
Topic: Retiree needs help
Replies: 5
Views: 800

Re: Retiree needs help

That's a lot of funds for your spouse to get a handle on. If not the Personal Advisory services, I'd consider going 2 or 3 fund approach, with the money market fund (or a bank account) being used to sweep dividends/interest into for spending. (And, any sale proceeds when cashing out for spending.) ...
by JDCarpenter
Wed Jun 14, 2017 4:04 pm
Forum: Investing - Help with Personal Investments
Topic: Retiree needs help
Replies: 5
Views: 800

Re: Retiree needs help

That's a lot of funds for your spouse to get a handle on. If not the Personal Advisory services, I'd consider going 2 or 3 fund approach, with the money market fund (or a bank account) being used to sweep dividends/interest into for spending. (And, any sale proceeds when cashing out for spending.) D...
by JDCarpenter
Sat Jun 10, 2017 11:52 pm
Forum: Personal Consumer Issues
Topic: Help me choose an EXPENSIVE* red wine for a gift
Replies: 70
Views: 7987

Re: Help me choose an EXPENSIVE* red wine for a gift

,,, Thanks EVERYONE for your help. I learned a lot reading about wines, regions, history, etc. But I didn't really taste any in the process, and most likely will stick to $20 bottle for my personal drinking. My "splurge" funds are already accounted for! :D :D Neurosphere You are not in th...
by JDCarpenter
Fri Jun 09, 2017 3:55 pm
Forum: Personal Consumer Issues
Topic: Help me choose an EXPENSIVE* red wine for a gift
Replies: 70
Views: 7987

Re: Help me choose an EXPENSIVE* red wine for a gift

They are a different taste, but Sauternes, TBAs/BAs, Tokaji, and many eisweins are loaded with sugar and can age spectacularly. Acronym decoder from an authoritative source: Glossary | Learn Wine | Wine Spectator BA = Beerenauslese TBA = Trockenbeerenauslese ... Thanks for that pickup/clarification...
by JDCarpenter
Fri Jun 09, 2017 1:57 pm
Forum: Personal Consumer Issues
Topic: Help me choose an EXPENSIVE* red wine for a gift
Replies: 70
Views: 7987

Re: Help me choose an EXPENSIVE* red wine for a gift

... Stay away from sugar in wine? Again...this is very bad advice. If producers use sugar properly - such as many of the traditional German Mosel Riesling producers (JJ Prum being a good example...) - wines of world class quality can be produced. Lesson #1 about wine is that blanket statements like...
by JDCarpenter
Fri Jun 09, 2017 1:51 pm
Forum: Personal Consumer Issues
Topic: When the Gospel of Minimalism Collides With Daily Life
Replies: 5
Views: 1351

Re: When the Gospel of Minimalism Collides With Daily Life

I'm a comfortablist. .... Nice. I like that term; fits us as well. Of course, it is dependent upon one's environment. I have a lot more stuff on our big house on a small farm than I'll have whenever it is that we sell the acreage and move into the city core--but we'll still have the same comfortabi...
by JDCarpenter
Wed Jun 07, 2017 7:44 am
Forum: Personal Consumer Issues
Topic: Help me choose an EXPENSIVE* red wine for a gift
Replies: 70
Views: 7987

Re: Help me choose an EXPENSIVE* red wine for a gift

... I was in the retail wine business for 42 years. Bordeaux was my specialty. From the choices on your list I'd go with the Lynch Bages 1995 or Ducru Beaucaillou 1995. Both are mature and absolutely delicious now. VinhoVerde Cool! Thanks for the suggestions... :beer (imagine a wine glass instead o...
by JDCarpenter
Tue Jun 06, 2017 4:32 pm
Forum: Personal Consumer Issues
Topic: Flying first class, business, versus economy.
Replies: 105
Views: 6835

Re: Flying first class, business, versus economy.

For us, it is an age thing. In our 20s-40s, we never paid to fly anything other than the cheapest coach seats we could get--even with incomes that most would consider high. Now it is a different story (mid 50s, DW with a touch of arthritis, nearing retirement....) Last pacific trip (Fiji, with tight...
by JDCarpenter
Tue Jun 06, 2017 3:07 pm
Forum: Personal Finance (Not Investing)
Topic: Play Money for Spouse....
Replies: 138
Views: 9402

Re: Play Money for Spouse....

ColoradoRick wrote:OP - sounds like through the thread you are on the right path. I'll give you our personal experience just for laughs.

...

I think women people don't want to feel like they have to go to "daddyParent" for money. Anyway, after a bumpy couple of years we are both happy.


:beer
by JDCarpenter
Tue Jun 06, 2017 3:04 pm
Forum: Investing - Help with Personal Investments
Topic: High Income Earner Humbly Seeks Advice
Replies: 74
Views: 9792

Re: High Income Earner Humbly Seeks Advice

60% Total Stock Market 20% Total international 20% Intermediate tax exempt It's time to take action, this looks good. You can fiddle with it 10% here or there but it's basically fine however you do it now. .... Yep. We can quibble all day, particularly on international. But the worst enemy of a goo...
by JDCarpenter
Mon Jun 05, 2017 2:24 pm
Forum: Investing - Help with Personal Investments
Topic: Received inheritance, feel paralyzed as to what to do next
Replies: 16
Views: 2096

Re: Received inheritance, feel paralyzed as to what to do next

skillet wrote:...they wonder why you aren't [doing finances the way they are], but that's just not who we are. And we're okay with it. ;)


That final line could likely be applied to just about every active poster on this forum. Welcome to the club! :beer
by JDCarpenter
Sun Jun 04, 2017 11:33 am
Forum: Investing - Help with Personal Investments
Topic: High Income Earner Humbly Seeks Advice
Replies: 74
Views: 9792

Re: High Income Earner Humbly Seeks Advice

Congrats for putting yourself in this position. (Wow!) First question: What are your goals for which you are accumulating your assets? If, for an extreme example, your goal were early retirement, you are [hypothetically] almost there, if you keep the $70,000 post-tax spending going forward and get t...
by JDCarpenter
Sat Jun 03, 2017 6:15 pm
Forum: Personal Finance (Not Investing)
Topic: Academic Question on a real world situation
Replies: 34
Views: 2681

Re: Academic Question on a real world situation

Going back to the paper about safe withdrawal rates in foreign countries and only 4/17 supporting 4%, is this saying that conditions in all those countries were worse than the Great Depression at some point?! That returns were worse than 66-82? Seems to me like we have better protections against th...
by JDCarpenter
Sat Jun 03, 2017 1:26 pm
Forum: Personal Finance (Not Investing)
Topic: Name Change
Replies: 9
Views: 707

Re: Name Change

Do whatever you like. Sounds like you are transitioning to new name.... DW and I have different last names as we didn't want to mess with it in medical school (and her dad enjoyed referring to Dr. His-Last-Name). We both answered socially to Mr./Mrs. other last name, as well as our own when the boys...
by JDCarpenter
Sat Jun 03, 2017 1:19 pm
Forum: Investing - Help with Personal Investments
Topic: Roth IRA Conversion Calculator
Replies: 9
Views: 610

Re: Roth IRA Conversion Calculator

TT, if it applies to you, remember that Medicare Parts B and others are priced in tiers . You don't want to push yourself into a higher tier with Roth conversions. So be careful when converting up to the top of a tax bracket - that may be into the next tier for Medicare premiums. I have seen this a...
by JDCarpenter
Sat Jun 03, 2017 1:13 pm
Forum: Investing - Help with Personal Investments
Topic: Can I Safely Retire?
Replies: 56
Views: 5905

Re: Can I Safely Retire?

... As for my law license, I remain licensed to practice in California. However, if I wanted to practice in the state I'll likely be moving to, I'd have to pass the Uniform Bar Examination. Having no further desire to practice law, I won't be doing this. Rather, I'd prefer to leverage my real estat...
by JDCarpenter
Sat Jun 03, 2017 12:28 pm
Forum: Investing - Help with Personal Investments
Topic: Roth IRA Conversion Calculator
Replies: 9
Views: 610

Re: Roth IRA Conversion Calculator

Unless I'm missing something (which wouldn't be the first time) , that is a very simplistic calculator--especially when compared to iOrp and Big Foots RPM (https://www.bogleheads.org/wiki/Retiree_Portfolio_Model) For example, if you have a large deferred account and indicate that you want to convert...
by JDCarpenter
Fri Jun 02, 2017 10:17 am
Forum: Investing - Help with Personal Investments
Topic: Ex Employer Large Stock Position and Tax Implications
Replies: 10
Views: 830

Re: Ex Employer Large Stock Position and Tax Implications

Jack FFR1846 wrote:... Paying big tax on a big gain is better than paying a little tax on a small gain. ...


Agree-->and MUCH better than taking capital losses.
by JDCarpenter
Thu Jun 01, 2017 10:08 am
Forum: Personal Finance (Not Investing)
Topic: Senility: How do you plan on protecting your money when you lose your mental capacities?
Replies: 72
Views: 5811

Re: Senility: How do you plan on protecting your money when you lose your mental capacities?

... As if This thread didn't' already have me nervous--I just went to Amazon to buy this book and noticed that.... I had already bought it on April 26, 2017 Sigh, I know my faculties are still here but, I can't remember buying it! :oops: ... I run into this, especially with Kindle books (or Gutenbe...
by JDCarpenter
Wed May 31, 2017 4:08 pm
Forum: Personal Consumer Issues
Topic: Tuft & Needle prices going up tomorrow
Replies: 5
Views: 1221

Re: Tuft & Needle prices going up tomorrow

What is the significance of Tuft and Needle and why might I want one? I'm not being sarcastic here...I just have never heard of this and wondering what it is. Search through old threads on mattress buying--they come up a lot. IMO, the best bang for buck mattress (excluding water beds); buy online, ...
by JDCarpenter
Wed May 31, 2017 11:02 am
Forum: Personal Finance (Not Investing)
Topic: Play Money for Spouse....
Replies: 138
Views: 9402

Re: Play Money for Spouse....

A couple different people have mentioned identity theft and/or stolen credit card numbers...which leads me to ask: Has anyone had a credit card number stolen and identified the situation *before* your credit card company? .... Yes. (And not just in the distant past.) Granted, it doesn't make much d...
by JDCarpenter
Wed May 31, 2017 9:49 am
Forum: Personal Finance (Not Investing)
Topic: Academic Question on a real world situation
Replies: 34
Views: 2681

Re: Academic Question on a real world situation

Here is a detailed series evaluating safe withdrawal rates at different allocations and reviewing the leading study on the 4% SWR. https://earlyretirementnow.com/2016/12/07/the-ultimate-guide-to-safe-withdrawal-rates-part-1-intro/ I'm​ sure there are critiques of this critique, but I haven't found ...
by JDCarpenter
Wed May 31, 2017 7:55 am
Forum: Personal Finance (Not Investing)
Topic: Senility: How do you plan on protecting your money when you lose your mental capacities?
Replies: 72
Views: 5811

Re: Senility and Seductresses: How do you plan on protecting your money when you lose your mental capacities?

One thing I thought I might do is bring our kids into the the loop sooner rather than later, perhaps reviewing things with them on some periodic basis and running any major changes by them. That's an approach I've begun using. Now if the kids would get interested, that would help even more. ... May...
by JDCarpenter
Tue May 30, 2017 10:07 pm
Forum: Personal Finance (Not Investing)
Topic: Play Money for Spouse....
Replies: 138
Views: 9402

Re: Play Money for Spouse....

Personally I just do not this thread at all.My wife is an intelligent adult and she will make reasonable decisions on what she spends and I do the same.We do not need an allowance or a spending budget because we use common sense.We have never once had an argument over spending money and have never ...
by JDCarpenter
Tue May 30, 2017 3:41 pm
Forum: Personal Finance (Not Investing)
Topic: i am my own "guy," but not sure I should advertise that
Replies: 107
Views: 13635

Re: i am my own "guy," but not sure I should advertise that

At my first job an older co-worker preached the importance of a LBYM lifestyle and saving the max possible in my 401k. I'm glad he did. I understand the feeling completely, but it still bugs me a little that people are hesitant to give this kind of life-changing advice. Even if only 1 person you ta...
by JDCarpenter
Tue May 30, 2017 8:04 am
Forum: Personal Consumer Issues
Topic: Do I deserve it? [A new car]
Replies: 69
Views: 5199

Re: Do I deserve it?

Personal decision. But that's a lot of money.

(I'm atty married to a doctor, and we've never lived anywhere that had public transit. I bought my first new car at age 52--for less than 16K. DW got hers at 48, for whatever a Civic cost in 2009. YMMV.)

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