Search found 681 matches

by Swampy
Mon May 30, 2016 8:11 am
Forum: Local Chapters and Bogleheads Community
Topic: Thank you to all of our Veterans
Replies: 14
Views: 1111

Thank you to all of our Veterans

...especially those who gave all and those who never fully recovered from the sacrifices they made so that we can live in the Land of the Free. It is because this is the Home of the Brave that we can enjoy our liberties in so many different ways. Thank a Vet, not just today - but whenever you meet o...
by Swampy
Tue Apr 26, 2016 1:57 pm
Forum: Investing - Help with Personal Investments
Topic: Roth IRA Fund transfer HELP/QUESTIONS
Replies: 5
Views: 401

Re: Roth IRA Fund transfer HELP/QUESTIONS

This is fraught with risks. He advised me to liquidate the fund and have us bank send me a check then I write a check and sent it to Mainstay. Say 'Good Bye' to your financial advisor and call Vanguard. They'll walk you through the process, even if you have to transfer everything 'in kind.' I am so...
by Swampy
Tue Apr 26, 2016 10:15 am
Forum: Investing - Help with Personal Investments
Topic: any opinions about investment clubs?
Replies: 19
Views: 1161

Re: any opinions about investment clubs?

I recently joined an investment club in my area. It's run under the aegis of //www.betterinvesting.org/. Although I do have the bulk of my investments in passive equity and bond funds, I joined this club primarily to meet other people and make new friends. But I can't help but question the investme...
by Swampy
Sun Apr 24, 2016 9:52 am
Forum: Personal Finance (Not Investing)
Topic: Retirement Income AMount
Replies: 10
Views: 1830

Re: Retirement Income AMount

joebh wrote:
leaddog49 wrote:Can I retire comfortably in Florida on $65-70k a year after taxes?


Yes, depending on your definition of "comfortably".


+1
by Swampy
Thu Apr 21, 2016 1:54 pm
Forum: Investing - Help with Personal Investments
Topic: Should I bother with Options Trading?
Replies: 36
Views: 3026

Re: Should I bother with Options Trading?

Is there a compelling reason for me to bother with Options?
Is trading Options contradictory to Boglehead investing?


No.
Yes.
by Swampy
Thu Apr 21, 2016 9:23 am
Forum: Investing - Help with Personal Investments
Topic: Reverse Mortgage - To pay off existing mortgage?
Replies: 6
Views: 825

Re: Reverse Mortgage - To pay off existing mortgage?

Personally, I think the reverse mortgage industry is guilty of predatory lending
practices similar to the 'cash out' from structured settlement operators.
by Swampy
Mon Apr 18, 2016 9:36 am
Forum: Personal Consumer Issues
Topic: Coin Collecting (will coins increase or decrease in value?)
Replies: 36
Views: 3578

Re: Coin Collecting (will coins increase or decrease in value?)

Like my other thread about baseball cards dying in value, will coins be that way you think? My dad gave my sister and I a huge old coin collection that his grandfather started. I have coins as old as the upper 1800's from several countries. I have about 30lbs worth of various coins and wonder if we...
by Swampy
Mon Apr 18, 2016 9:25 am
Forum: Forum Issues and Administration
Topic: How about a buy/sell (personal goods) forum?
Replies: 27
Views: 3271

Re: How about a buy/sell (personal goods) forum?

TravelGeek wrote:

Bottom line for me - I come here to learn and share, not to buy or sell. Not every site needs to do everything.

+1
by Swampy
Mon Apr 18, 2016 8:29 am
Forum: Investing - Help with Personal Investments
Topic: $100,000 fell into my lap and I have no idea what to do
Replies: 14
Views: 3348

Re: $100,000 fell into my lap and I have no idea what to do

First, if it is not too late, I would keep this pretty quiet. If word gets out that you "have money", lots of people are going to want you to loan them some of it. Second, beware of any of your friends from church, clubs, etc. who offer to help you manage your inheritance. I know this see...
by Swampy
Sun Apr 17, 2016 4:04 pm
Forum: Forum Issues and Administration
Topic: How about a buy/sell (personal goods) forum?
Replies: 27
Views: 3271

Re: How about a buy/sell (personal goods) forum?

jay22 wrote:I edited the title to remove any confusion.


Craigslist.
by Swampy
Fri Apr 15, 2016 7:31 am
Forum: Investing - Help with Personal Investments
Topic: Magic Number? How much to save for retirement
Replies: 45
Views: 7172

Re: Magic Number? How much to save for retirement

Depending on the age you plan to retire, the 'magic number' is between 15-40 times your anticipated annual expenses . Earlier retirement means you need a higher multiple. That number will be constantly shifting and changing, but a realistic estimate while working toward a goal will get you further ...
by Swampy
Thu Apr 14, 2016 5:19 pm
Forum: Personal Finance (Not Investing)
Topic: grateful for any input on a major, urgent real estate decision
Replies: 75
Views: 5884

Re: grateful for any input on a major, urgent real estate decision

You've gotten a lot of good advice so far. It's Thursday. Sleep on it for the next three nights (BUT don't 'stew' about it). If the answer doesn't come together logically by Sunday morning, don't buy it. 'Trying' to make something happen when all else signals otherwise is a mistake. Don't let the la...
by Swampy
Thu Apr 14, 2016 3:25 pm
Forum: Personal Finance (Not Investing)
Topic: grateful for any input on a major, urgent real estate decision
Replies: 75
Views: 5884

Re: grateful for any input on a major, urgent real estate decision

PS...
we've had three realtors over this week who all told us it's a "great investment" at the price on the table.

Yeah, I've heard that whopper before.
by Swampy
Thu Apr 14, 2016 3:22 pm
Forum: Personal Finance (Not Investing)
Topic: grateful for any input on a major, urgent real estate decision
Replies: 75
Views: 5884

Re: grateful for any input on a major, urgent real estate decision

We learned this week that our landlord has decided to sell. This is the second time this has happened for us in the past 4 years. Our landlord has offered us first dibs, at a price that is 1. significantly below the current market value of the house, and 2. significantly more than we'd like to pay....
by Swampy
Wed Apr 13, 2016 3:33 pm
Forum: Personal Finance (Not Investing)
Topic: CPA pricing and physical location
Replies: 41
Views: 2783

Re: CPA pricing and physical location

Anyone? Any suggestion on who to go with? Have to pick soon as deadline approaching! :?: If it's for 2015 tax prep, waiting till this week was a poor move on your part. File an extension form, then perform your due diligence. Decisions made at the last minute aren't usually the best. Good CPA's are...
by Swampy
Sun Apr 10, 2016 4:10 pm
Forum: Personal Consumer Issues
Topic: Car hit - Insurance or Small Claims Court
Replies: 16
Views: 2067

Re: Car hit - Insurance or Small Claims Court

Has a police report been filed???

You've got to get legal documentation and a verifiable timeline established.
Your first mistake was waiting a week if you didn't call the police.

Honestly, this sounds like a Judge Judy episode in the making.
by Swampy
Sun Apr 10, 2016 8:53 am
Forum: Personal Consumer Issues
Topic: Van vibration problem - any car experts?
Replies: 14
Views: 905

Re: Van vibration problem - any car experts?

If you're willing to spend $5-700 for new tires, I bet it would 'buy' that kind of time for you. Maybe you'll be happy enough to wait a little longer to replace the vehicle. Then again, it may not 'fix' the problem but, by your own admission, Wheels rotated because the front wheels were balding on t...
by Swampy
Sun Apr 10, 2016 8:39 am
Forum: Personal Consumer Issues
Topic: Van vibration problem - any car experts?
Replies: 14
Views: 905

Re: Van vibration problem - any car experts?

What's magical about 4-5 months from now, other than the new models coming out?
by Swampy
Tue Mar 29, 2016 8:29 am
Forum: Personal Finance (Not Investing)
Topic: When to drop life insurance after achieving FI?
Replies: 10
Views: 1290

Re: When to drop life insurance after achieving FI?

Any other thoughts out there?
by Swampy
Tue Mar 29, 2016 8:27 am
Forum: Investing - Help with Personal Investments
Topic: When do I sell????
Replies: 36
Views: 3568

Re: When do I sell????

Hey so I just found out about ETF investing and it really is the best thing since slice bread, but I still need some clarification on when to sell the ETF. Some advisors recommend to sell once it goes below -8% to prevent further losses,while others recommend to buy more when it goes under(DVA). Ne...
by Swampy
Mon Mar 28, 2016 7:26 pm
Forum: Personal Finance (Not Investing)
Topic: When to drop life insurance after achieving FI?
Replies: 10
Views: 1290

Re: When to drop life insurance after achieving FI?

Caduceus wrote: My instincts would be to try and quantify what replacing this caregiving would cost, and then protecting just for this amount... A very good and valid point. Watty brought up another interesting angle: It would also help cover only getting one Social Security check if one of you dies...
by Swampy
Mon Mar 28, 2016 5:10 pm
Forum: Personal Finance (Not Investing)
Topic: When to drop life insurance after achieving FI?
Replies: 10
Views: 1290

Re: When to drop life insurance after achieving FI?

Obviously with a special needs child you can not afford to take any chances that would result in your child not receiving the help they need. By definition, if you are financially independent you have sufficient assets to meet your financial needs and so no longer need the insurance. If not, you're...
by Swampy
Mon Mar 28, 2016 3:10 pm
Forum: Investing - Theory, News & General
Topic: It's all about saving, not investing really.
Replies: 84
Views: 8609

Re: It's all about saving, not investing really.

So I've come to the conclusion that investing money properly is only a small part of the equation to early retirement. I read so many posts by people wanting to retire early so they go 70%->100% on equities thinking that's the major component to building a nest egg. Correct me if I'm wrong, but eve...
by Swampy
Mon Mar 28, 2016 2:29 pm
Forum: Personal Finance (Not Investing)
Topic: When to drop life insurance after achieving FI?
Replies: 10
Views: 1290

When to drop life insurance after achieving FI?

My wife and I feel comfortable in that we believe we have achieved FI and are into our 4th year of post-work life. Our portfolio has increased steadily every year in spite of some unexpected expenses. We have a disabled child who will require lifetime care and have set up a Supplemental Needs (Speci...
by Swampy
Sat Mar 26, 2016 9:36 am
Forum: Personal Finance (Not Investing)
Topic: Unwanted cold call from Mass Mutual agent
Replies: 45
Views: 3651

Re: Unwanted cold call from Mass Mutual agent

Any thoughts or advice in this? I no longer answer calls from unknown callers. If it's that important - they can leave a message. My wife, on the other hand, likes to answer all callers :oops: and just gets flustered, much to my chagrin. If I inadvertently pick up a cold call, my response is simple...
by Swampy
Sat Mar 26, 2016 9:28 am
Forum: Personal Consumer Issues
Topic: Groupon Deal - Feels like a scam
Replies: 11
Views: 2141

Re: Groupon Deal - Feels like a scam

Such a deal: :oops:
...half priced coupon to be used at Starbucks...

That said, it's still overpriced by, at least, a factor of 2-3.
:P

Make your own. It'll taste better and you'll achieve FI earlier.
:moneybag :moneybag :moneybag
by Swampy
Wed Mar 23, 2016 11:27 am
Forum: Investing - Help with Personal Investments
Topic: take money from expiring HELOC for opportunities
Replies: 8
Views: 407

Re: take money from expiring HELOC for opportunities

I'm really undecided about how I want my life to proceed, so that is the appeal of having more resources, but there is the cost.


Borrowed money is not something I would consider as a resource.

That said, I think you have a terrible idea.
by Swampy
Wed Mar 23, 2016 11:03 am
Forum: Personal Finance (Not Investing)
Topic: Financially, how have you done/doing vs. your parents?
Replies: 134
Views: 11882

Re: Financially, how have you done/doing vs. your parents?

There's a lot written that the young folks today won't do as well as their parents did financially perhaps for the first time. I was wondering how you feel you are doing or have done compared to your parents? If you could explain why that would be helpful. Considering my parents lost everything , i...
by Swampy
Wed Mar 23, 2016 7:57 am
Forum: Personal Consumer Issues
Topic: How to get rid of poison ivy
Replies: 58
Views: 3644

Re: How to get rid of poison ivy

Pay someone to do it for you. It'll be less expensive than a trip to the clinic or ER. By your own admission "I'm really allergic to the stuff and have a lot in my yard." FYI - Roundup kills everything - not just poison ivy - so, depending on the concentration, you'll have a giant dirt pa...
by Swampy
Mon Mar 21, 2016 11:40 am
Forum: Investing - Theory, News & General
Topic: How can we see if stock markets are about to crash?
Replies: 52
Views: 4513

Re: How can we see if stock markets are about to crash?

What indicators do you personally track to identify when market is about to crash? What advice can you provide to understand market conjuncture better? I use my personal "Sleep well at night" indicator. All others are irrelevant. Don't be swayed by bluster, bravado or B S. There is NO way...
by Swampy
Thu Mar 10, 2016 8:54 pm
Forum: Personal Consumer Issues
Topic: Concierge medicine Worth It????
Replies: 115
Views: 10288

Re: Concierge medicine Worth It????

Concierge medicine worth it????


In a word - NO.
by Swampy
Thu Mar 10, 2016 8:51 pm
Forum: Personal Finance (Not Investing)
Topic: Renting to Family Members
Replies: 26
Views: 2566

Re: Renting to Family Members

It's nice that you care but... My opinion is to let them work it out and learn the life lessons. They are educated adults with two incomes. If you must do something, offer a gift that they could use for higher rent if they wanted but let them make any decisions. It sounds like you are wanting to pu...
by Swampy
Thu Mar 03, 2016 12:37 pm
Forum: Investing - Theory, News & General
Topic: "If You Can" book - Free Promo
Replies: 27
Views: 4227

Re: "If You Can" book - Free Promo

Thank you, Doctor Bernstein.
by Swampy
Thu Mar 03, 2016 11:59 am
Forum: Personal Finance (Not Investing)
Topic: Anyone sell a timeshare?
Replies: 22
Views: 2895

Re: Anyone sell a timeshare?

Since these are inherited units, your only expense is the annual maintenance fee plus any associated exchange fee's and RCI/II or other association dues. We have owned timeshares for about 25 years after having bought them 'used' on the resale market for a huge discount - never from the developer. ...
by Swampy
Tue Mar 01, 2016 9:23 pm
Forum: Personal Finance (Not Investing)
Topic: Emergency Fund Target Amount
Replies: 21
Views: 1885

Re: Emergency Fund Target Amount

I vote in favor of having a minimum of 12 months of full living expenses in an emergency fund. It's an insurance policy.
Sure, you'll lose some potential growth/dividends by only being in a 1% savings account - BUT insurance costs money.

What's it worth to you to sleep well at night?
by Swampy
Tue Mar 01, 2016 5:46 pm
Forum: Personal Consumer Issues
Topic: Mac laptop vs. Windows 7 (or 10) laptop
Replies: 63
Views: 4970

Re: Mac laptop vs. Windows 7 (or 10) laptop

Personal experience is a great teacher. I don't buy computers frequently. When I do, I expect them to last. I've had Windows desktops/laptops for decades. A few years ago I decided to try An Apple desktop after purchasing Apple laptops for my college aged kids. Bottom line, I won't go back to Windo...
by Swampy
Tue Mar 01, 2016 10:28 am
Forum: Personal Consumer Issues
Topic: Visiting Belize City
Replies: 28
Views: 2276

Re: Visiting Belize City

OK, it's your neck. USA murder rate - 3.8 per 100,000 inhabitants per year. Belize " " 45.1 " " Guatemala " 34.6 " " Honduras " 84.3 " " Further information at Wikipedia "List of countries by intentional homicide rate." However, bear in min...
by Swampy
Sun Feb 28, 2016 9:50 am
Forum: Personal Finance (Not Investing)
Topic: Making Optional Principal Payments on Primary Residence
Replies: 15
Views: 1245

Re: Making Optional Principal Payments on Primary Residence

I find it interesting that someone who works in corporate finance would need to ask this question.

Get an HP12C and crunch the numbers. Only you know your situation well enough to answer this question.
by Swampy
Sun Feb 28, 2016 9:41 am
Forum: Investing - Theory, News & General
Topic: Is a CFP really held to the fiduciary standard of investment practices?
Replies: 23
Views: 1927

Re: Is a CFP really held to the fiduciary standard of investment practices?

The answer to the title question is: "No!" One can find on the internet several instances where no action was apparently taken against CFPs who did not act as fiduciaries. "Oh, I've got a CFP, but i am not acting as a CFP in this case." If there are rules and regulations, they j...
by Swampy
Thu Feb 25, 2016 10:12 pm
Forum: Investing - Help with Personal Investments
Topic: Need Retirement Allocation Advice
Replies: 28
Views: 2353

Re: Need Retirement Allocation Advice

klobar wrote: I’ll be looking at VASIX. What is the difference between holding VASIX, and holding all 4 funds it represents? Leaving NJ is not an option. Manhattan is only 30 minutes away. You don’t have that in Florida :happy VASIX is automatically rebalanced by Vanguard, otherwise you have to do t...
by Swampy
Wed Feb 24, 2016 9:36 am
Forum: Investing - Help with Personal Investments
Topic: Need Retirement Allocation Advice
Replies: 28
Views: 2353

Re: Need Retirement Allocation Advice

Consider shifting 2-3% of your cash monthly into VASIX (ER 0.14%)(20% equity index and 80% bonds) until your cash position decreases to around 20-25% (still enough to cover a full five years worth of your expenses). VASIX consistently returns about 4%. For what it's worth, I'd move to a no state in...
by Swampy
Wed Feb 24, 2016 7:18 am
Forum: Investing - Help with Personal Investments
Topic: Keep cash in savings account or bonds?
Replies: 11
Views: 1949

Re: Keep cash in savings account or bonds?

You can easily find a savings rate of 1%, stick with that. Trying to be fancy or chase yields can be hazardous to your wealth, especially as you prepare to 'launch.' Expenses tend to come without warning early on, so don't think $10K is a lot of money when starting out. After you move out, thank you...
by Swampy
Wed Feb 24, 2016 6:24 am
Forum: Investing - Help with Personal Investments
Topic: Received some money equivalent to mortgage amount. Invest, refi, or pay off?
Replies: 7
Views: 899

Re: Received some money equivalent to mortgage amount. Invest, refi, or pay off?

By paying down the mortgage, say $100 to $150K, you've essentially turned your mortgage into a 17 year or a 12 year term loan without the added refi expense because the first decade of a 30 year loan is essentially all front loaded interest and you only make about a 20% dent in principal over 120 p...
by Swampy
Tue Feb 23, 2016 7:43 pm
Forum: Investing - Help with Personal Investments
Topic: Received some money equivalent to mortgage amount. Invest, refi, or pay off?
Replies: 7
Views: 899

Re: Received some money equivalent to mortgage amount. Invest, refi, or pay off?

Why does it have to be only one option?

Set up an emergency fund, pay down the current mortgage to get rid of the mortgage insurance and get a risk free 3.5% return on that money, then invest the rest as you see fit.


I wouldn't consider refinancing.
by Swampy
Sun Feb 21, 2016 9:58 am
Forum: Investing - Help with Personal Investments
Topic: 24 y/o $120k and overwhelmed with next steps and real estate
Replies: 5
Views: 1285

Re: 24 y/o $120k and overwhelmed with next steps and real estate

Don't be in such a hurry.

First things first - make sure you have at least a 6 to 12 month reserve saved up to cover any emergency - then proceed from there.
by Swampy
Thu Feb 04, 2016 5:25 pm
Forum: Investing - Help with Personal Investments
Topic: [Am I getting a bad deal from my financial planner?]
Replies: 58
Views: 4765

Re: Am I getting screwed?

Good books to start with (also the Bogleheads Wiki): Start-up books Thank you. I just ordered every single one of those Start Up books! :oops: May I suggest going to the library? It's free. Besides, these books are not something you can just skim read. They're best read slowly and in depth, like a ...
by Swampy
Thu Feb 04, 2016 3:41 pm
Forum: Investing - Help with Personal Investments
Topic: [Am I getting a bad deal from my financial planner?]
Replies: 58
Views: 4765

Re: Am I getting screwed?

Am I getting screwed?


Yes.
by Swampy
Tue Feb 02, 2016 12:51 pm
Forum: Investing - Help with Personal Investments
Topic: question [Advisor suggests dividend paying funds/stocks]
Replies: 12
Views: 710

Re: question

Your friend's dad needs a reality check AND a new advisor.

Why not tell your friend about Bogleheads and let him tell his dad?
by Swampy
Tue Feb 02, 2016 12:46 pm
Forum: Personal Finance (Not Investing)
Topic: Physician buying an 850k vs 1.25m house
Replies: 54
Views: 6244

Re: Physician buying an 850k vs 1.25m house

Like baseball, this is subject to a three strikes rule. Strike 1: I will be moving cross country and starting my dream job in the near future. (Will it still be a dream job in 2-3-4 or more years?) Strike 2: The second is 1.25 and old. It was however recently remodeled and has twice as much land. I...
by Swampy
Sun Jan 31, 2016 4:16 pm
Forum: Personal Consumer Issues
Topic: Stovetop Tea Kettle Recommendations?
Replies: 22
Views: 1848

Re: Stovetop Tea Kettle Recommendations?

Like new kettle at the Goodwill store - $1.00

Then add a donation.

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