Search found 871 matches

by TravelforFun
Tue Dec 12, 2017 10:25 am
Forum: Personal Finance (Not Investing)
Topic: Year end review with less nerdy spouse
Replies: 53
Views: 3724

Re: Year end review with less nerdy spouse

I stopped pushing financial data on my non-interested wife years ago. Luckily, my adult kids who will l execute our wills are well versed and receive a copy of all our statements.
by TravelforFun
Tue Dec 12, 2017 10:13 am
Forum: Personal Consumer Issues
Topic: Purchasing Airline Tickets
Replies: 21
Views: 1205

Re: Purchasing Airline Tickets

Bigfish wrote:
Tue Dec 12, 2017 10:08 am
The price is $564 each on Virgin Atlantic non stop and we are flying out of Boston. I only look for non stop flights flying into London it's worth it to me to pay a little extra and avoid the 1-2 stops.
I've gone to Europe many times and $564 to London is a good price.

TravelforFun
by TravelforFun
Tue Dec 12, 2017 9:59 am
Forum: Investing - Help with Personal Investments
Topic: Play money individual stocks, which ones?
Replies: 35
Views: 1185

Re: Play money individual stocks, which ones?

I use my play money to buy and sell individual stocks, Currently I own:

Alibaba
Amazon
Facebook
GBTC
Lockheed
LTC
Skyworks
Square
USG

The stocks are 12% of my net asset.

TravelforFun
by TravelforFun
Mon Dec 11, 2017 3:45 pm
Forum: Personal Finance (Not Investing)
Topic: Done gone and did it [Retire]
Replies: 70
Views: 5584

Re: Done gone and did it

Good to see an active poster retiring so he can devote more time to help other folks. Earl, be sure to let us know which pension benefit option you selected. I would go the annuity route if the company is solid.

TravelforFun
by TravelforFun
Mon Dec 11, 2017 3:34 pm
Forum: Personal Consumer Issues
Topic: How easy is it to minimize tax liability yourself without a CPA/accountant?
Replies: 15
Views: 1336

Re: How easy is it to minimize tax liability yourself without a CPA/accountant?

Do your own 2017 tax return using a tax software then hire a CPA to do it and compare results. That will tell you whether you're capable to do it yourself or not going foward.

TravelforFun
by TravelforFun
Mon Dec 11, 2017 3:28 pm
Forum: Personal Finance (Not Investing)
Topic: 2018 financial goals - what are yours?
Replies: 59
Views: 4349

Re: 2018 financial goals - what are yours?

... Pay huge tax bill. ... Paying a huge tax bill is a strange goal to have. :happy One of my goals is to do whatever I can to minimize my huge tax bill (should have listed that above) :) I expect the bill to be huge despite my efforts to minimize it. No income tax if there is no income so congratu...
by TravelforFun
Sun Dec 10, 2017 1:16 pm
Forum: Investing - Help with Personal Investments
Topic: Interesting ride so far - Crypto-curriencies
Replies: 86
Views: 5542

Re: Interesting ride so far - Crypto-curriencies

If you're certain that bitcoin is a bubble or a Ponzi, you can short it. Coinbase is a mainstream, well-insured exchange that you can use to purchase a short. Then, if the value of bitcoin plummets, you'll profit significantly. Have any bogleheads shorted bitcoin? There is no vehicle to short bitco...
by TravelforFun
Sun Dec 10, 2017 1:09 pm
Forum: Investing - Help with Personal Investments
Topic: Pay down loans or invest
Replies: 14
Views: 1054

Re: Pay down loans or invest

memphisand53rd wrote:
Sun Dec 10, 2017 12:50 pm
Yeah I'm leaning towards destroying the loan. My employer contributes to my 401k regardless if I do or not so I'll probably fill up my Roth IRA in January then go into full loan elimination mode. Thanks for the input dudes!
I agree with this strategy.

TravelforFun
by TravelforFun
Sat Dec 09, 2017 12:45 pm
Forum: Personal Consumer Issues
Topic: I am buying a car: Most/Least Reliable Makes?
Replies: 64
Views: 3559

Re: I am buying a car: Most/Least Reliable Makes?

I’ve owned 2 Honda’s in the last 26 years. By my own anecdotal survey, they are dead on reliable. I got 300k miles out of my Honda CRX before I traded it in. We have two Lexus now (80k and 30k) and have not had to do any repairs on them. Japanese automotive reliability is what keeps us away from Am...
by TravelforFun
Sat Dec 09, 2017 12:38 pm
Forum: Personal Finance (Not Investing)
Topic: Save all this money, what do you splurge on?
Replies: 155
Views: 10264

Re: Save all this money, what do you splurge on?

My handle says it all. We spend the equivalent of a new car every year on trips.

TravelforFun
by TravelforFun
Sat Dec 09, 2017 12:32 pm
Forum: Investing - Theory, News & General
Topic: Trying to nail down asset allocation for second bucket
Replies: 43
Views: 1416

Re: Trying to nail down asset allocation for second bucket

Semi-retired here. I have two buckets too but use them differently than you. Bucket 1 has 10 years worth of annual expenses in bonds which is about 30% of my asset, and Bucket 2 is 100% stocks. In bad years, I take money from Bucket 1 to supplement my income. I good years, I take money from Bucket ...
by TravelforFun
Sat Dec 09, 2017 11:36 am
Forum: Investing - Theory, News & General
Topic: Trying to nail down asset allocation for second bucket
Replies: 43
Views: 1416

Re: Trying to nail down asset allocation for second bucket

Semi-retired here. I have two buckets too but use them differently than you. Bucket 1 has 10 years worth of annual expenses in bonds which is about 30% of my asset, and Bucket 2 is 100% stocks. In bad years, I take money from Bucket 1 to supplement my income. I good years, I take money from Bucket 2...
by TravelforFun
Fri Dec 08, 2017 1:39 pm
Forum: Personal Finance (Not Investing)
Topic: Southwest Companion Pass [California only]
Replies: 54
Views: 4494

Re: Southwest Companion Pass [California only]

I don’t remember whether I received an email notification from Southwest Airlines or not when my account hit 110,000 points. I checked my account regularly and when I saw that I had 110K, I booked my trip shortly after that and was able to use the pass immediately. Your points are accumulated after ...
by TravelforFun
Wed Dec 06, 2017 11:49 pm
Forum: Personal Consumer Issues
Topic: Recommended places to live
Replies: 54
Views: 5150

Re: Recommended places to live

I found a perfect place to live in Fort Worth, TX, 35 miles from the OP. We have a charming city here, right in the middle of the country, lot of jobs, reasonable housing cost, low crime rate, a great airport, and wonderful medical facilities and universities. We found that living in one place and t...
by TravelforFun
Wed Dec 06, 2017 11:37 pm
Forum: Personal Consumer Issues
Topic: Price of haircut?
Replies: 194
Views: 10258

Re: Price of haircut?

$12 cut at a franchise haircut shop and $8 tip. My barber loves me.

TravelforFun.
by TravelforFun
Wed Dec 06, 2017 11:34 pm
Forum: Investing - Help with Personal Investments
Topic: 18 Year old Wants To Start Investing in Roth IRA
Replies: 5
Views: 525

Re: 18 Year Old Wants To Start Investing In Roth IRA

100% stock may not be the best way to go for an 18 year old. He will likely have some large short-term expenses such as car and traveling, even if college is covered. Might as well fill a Roth if he can, contributions can be withdrawn without penalty, but it could be reasonable to have a much more ...
by TravelforFun
Wed Dec 06, 2017 9:07 pm
Forum: Personal Consumer Issues
Topic: It's that time of year again... buying christmas gifts
Replies: 70
Views: 5704

Re: It's that time of year again... buying christmas gifts

I love Christmas...I love getting my wife presents that she would never buy for herself (but that she likes). I don't typically buy gifts outside of the family though, and the thought of buying a gift for anyone at work is completely foreign. You're a much better husband than a lot of guys. My wife...
by TravelforFun
Wed Dec 06, 2017 1:31 pm
Forum: Investing - Help with Personal Investments
Topic: Anyone mirror AA acorss multiple accounts ?
Replies: 23
Views: 1514

Re: Anyone mirror AA acorss multiple accounts ?

No. My Roth and HSA are 100% equity and I have enough bonds in my IRAs to achieve my AA.

TravelforFun
by TravelforFun
Wed Dec 06, 2017 1:25 pm
Forum: Personal Consumer Issues
Topic: It's that time of year again... buying christmas gifts
Replies: 70
Views: 5704

Re: It's that time of year again... buying christmas gifts

I’m shocked you guys give your boss gifts. I would never give my boss a gift. my boss is great, and i am so appreciative of being employed. I am so fortunate to be born in this country and have such opportunities in corportate america. My boss deserves 10x what i am getting him. Your coworkers may ...
by TravelforFun
Mon Dec 04, 2017 6:46 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage is About To Be Paid - I'm Scared!
Replies: 43
Views: 5645

Re: Mortgage is About To Be Paid - I'm Scared!

Nothing to be scared about. After you pay off your home, focus on saving and investing, and enjoy being weird (you have no debt).

TravelforFun
by TravelforFun
Sun Dec 03, 2017 10:00 am
Forum: Personal Finance (Not Investing)
Topic: Thankful for the Debt we Took - Should we Try Again?
Replies: 95
Views: 8893

Re: Thankful for the Debt we Took - Should we Try Again?

BHs don't believe in market timing but the OP unknowingly timed the market just right. Congratulations!

TravelforFun
by TravelforFun
Sun Dec 03, 2017 8:47 am
Forum: Personal Finance (Not Investing)
Topic: Southwest Companion Pass [California only]
Replies: 54
Views: 4494

Re: Southwest Companion Pass [California only]

Too bad. I have companion pass until Dec 2018. Hope another deal comes out next year. TravelforFun No bait and switch. I got my companion pass in February by applying for two Southwest Visa cards, a personal one and a business one, and spending the required amounts. I’ve used my companion pass four...
by TravelforFun
Sun Dec 03, 2017 2:37 am
Forum: Personal Finance (Not Investing)
Topic: Southwest Companion Pass [California only]
Replies: 54
Views: 4494

Re: Southwest Companion Pass [California only]

No bait and switch. I got my companion pass in February by applying for two Southwest Visa cards, a personal one and a business one, and spending the required amounts. I’ve used my companion pass four times this year already and my pass will last until December 2019.

TravelforFun
by TravelforFun
Fri Dec 01, 2017 5:56 pm
Forum: Personal Finance (Not Investing)
Topic: FIRE [financial independence/retire early]
Replies: 132
Views: 11670

Re: FIRE [financial independence/retire early]

So the 25X rule applies no matter one's age? I find it hard to believe that someone with $50K in annual expenses can retire with $1.25M at age 35. Now if that person with the same $50K in expenses was 50 or 55, the $1.25M is more likely enough to retire. That same $1.25M needs to last the 35 year o...
by TravelforFun
Fri Dec 01, 2017 5:29 pm
Forum: Personal Finance (Not Investing)
Topic: Best Financial Moves You've Made
Replies: 158
Views: 21675

Re: Best Financial Moves You've Made

Bought the fixed $9 a month gym membership at 24-Hr Fitness. I've been going there 5 days a week for the last 15 years.

TravelforFun
by TravelforFun
Thu Nov 30, 2017 12:01 pm
Forum: Investing - Help with Personal Investments
Topic: Decision Needed - How to Invest Rental Income?
Replies: 16
Views: 631

Re: Decision Needed - How to Invest Rental Income?

I don't think where the money comes from is an important factor in what to do with the money. And that depends on your overall financial picture. With any money, the approximate order of importance is: 1) Pay down high-interest debt (credit cards primarily) 2) Invest (stocks or more rental properti...
by TravelforFun
Thu Nov 30, 2017 11:35 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Restricted Application Dettails
Replies: 6
Views: 564

Re: Social Security Restricted Application Dettails

jazman12 wrote:
Thu Nov 30, 2017 11:19 am
Is your wife already collecting her ss benefit and is she of full retirement age?
The OP's spouse wouldn't have to be at FRA but would have to be receiving his/her benefit for the OP to apply for spousal benefit.

TravelforFun
by TravelforFun
Wed Nov 29, 2017 1:29 pm
Forum: Personal Consumer Issues
Topic: Does it make sense to drop health insurance?
Replies: 198
Views: 7094

Re: Does it make sense to drop health insurance?

I looked up the costs of several catastrophic procedures and found on the avaerage: - Heart by-pass surgery: $70K - $200K - Heart transplant: $800K - Brain cancer chemo: $150K - Cancer drugs: $2K - $10K per month Those are the costs insurance companies pay. I'm pretty sure non-negotiated individual ...
by TravelforFun
Wed Nov 29, 2017 11:46 am
Forum: Personal Finance (Not Investing)
Topic: Why not take Social Security at 62
Replies: 334
Views: 25882

Re: Why not take Social Security at 62

I am 64 and not taking SS. My DW is 61. I fell in under the wire for the ability to take spousal benefits since I was born in 1953. We plan on her applying at 63, and I will collect half of her FRA until I switch over to my benefit at 70. This scenario will work well for us since our earnings were ...
by TravelforFun
Wed Nov 29, 2017 10:50 am
Forum: Personal Finance (Not Investing)
Topic: Why not take Social Security at 62
Replies: 334
Views: 25882

Re: Why not take Social Security at 62

I am 64 and not taking SS. My DW is 61. I fell in under the wire for the ability to take spousal benefits since I was born in 1953. We plan on her applying at 63, and I will collect half of her FRA until I switch over to my benefit at 70. This scenario will work well for us since our earnings were ...
by TravelforFun
Wed Nov 29, 2017 10:41 am
Forum: Investing - Theory, News & General
Topic: Jack Bogle Says ‘Avoid Bitcoin Like the Plague’
Replies: 157
Views: 13840

Re: Jack Bogle Says ‘Avoid Bitcoin Like the Plague’

Had I invested the $18k I put in my 401k in 2012 in bitcoin instead I'd have ~$15,000,000 today. Needless to say, my index investing hasn't produced those returns either. Investors should be barred from using phrases like: could have, would have, or should have. There's no looking back. TravelforFun
by TravelforFun
Tue Nov 28, 2017 12:13 pm
Forum: Personal Finance (Not Investing)
Topic: The fallacy of spending money on "experiences" vs hard assets
Replies: 336
Views: 17345

Re: The fallacy of spending money on "experiences" vs hard assets

For me, either of those would provide more lasting enjoyment than a vacation. Not only do I enjoy them much longer, but they have a tangible value when I'm done with them. Mind you, my wife has accused me of being the worst vacationer in the world as I get bored after about 3 days. I always say in ...
by TravelforFun
Tue Nov 28, 2017 12:03 pm
Forum: Personal Consumer Issues
Topic: Are there any unspoken rules to "keep in touch" with previous boss?
Replies: 21
Views: 2527

Re: Are there any unspoken rules to "keep in touch" with previous boss?

Several of my coworkers left the company over the years and I stay in touch with some of them. I've had pleasant conversations/lunches with some and awkward with others especially the ones who pump me for information.

TravelforFun
by TravelforFun
Tue Nov 28, 2017 11:51 am
Forum: Investing - Theory, News & General
Topic: Asset Allocation [in market crash]
Replies: 38
Views: 1877

Re: Asset Allocation [in market crash]

Oh Brad thank you for that insight. That makes sense. But isn’t the timing of when you rebalance your allocation important in this scenario?? It seems recommended here that rebalancing only occur once a year and not too often. Would it be a good idea to rebalance often in a year of a major crash? I...
by TravelforFun
Tue Nov 28, 2017 11:43 am
Forum: Personal Finance (Not Investing)
Topic: My Plan for Roth Conversion in December - Does This Make Sense?
Replies: 7
Views: 490

Re: My Plan for Roth Conversion in December - Does This Make Sense?

It's not complicated to run tax scenarios on a tax software. Just import last year return and make changes to specific line items. This could be simpler than recharacterization of a Roth

TravelforFun
by TravelforFun
Tue Nov 28, 2017 11:38 am
Forum: Personal Consumer Issues
Topic: How Do You Stay Current With Music?
Replies: 111
Views: 5121

Re: How Do You Stay Current With Popular Music?

Jack FFR1846 wrote:
Tue Nov 28, 2017 10:35 am
New music? I'd prefer to just remain comfortably numb to it.
Haha... We don't need no (new) education.

TravelforFun
by TravelforFun
Mon Nov 27, 2017 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: Why not take Social Security at 62
Replies: 334
Views: 25882

Re: Why not take Social Security at 62

One thought I've had with this, is the wife and I are high earners with relatively low expenses. My thought is SS at 62 for one of us(me) and delay hers until 67. However, my thought is we could probably live on SS and 2-3% of our portfolio in perpetuity and leave our two kids a big inheritance. Th...
by TravelforFun
Sun Nov 26, 2017 1:48 pm
Forum: Personal Finance (Not Investing)
Topic: Why not take Social Security at 62
Replies: 334
Views: 25882

Re: Why not take Social Security at 62

Real life example here: I'm 65 and my wife is 61. Our scheduled monthly SS benefits at 62, Full Retirement Age, and 70 for me and my wife are: $2,380, $2,684, $3,606 (mine); and $750, $1,018, $1,316 (my wife's) Next year, my wife will file for her benefit when she turns 62 and receive $750. I will ...
by TravelforFun
Sat Nov 25, 2017 2:05 pm
Forum: Investing - Theory, News & General
Topic: The 4% rule DOES fail but still makes sense!
Replies: 195
Views: 14968

Re: The 4% rule DOES fail but still makes sense!

4% SWR has a small chance to fail, 3% shouln't fail. I identify my financial independent number by using the 3% withdrawal rate and my adult kids are thrilled. TravelforFun The amount of the inheritance is dependent upon the withdrawal rate, if not careful, could become negative. That’s why our kid...
by TravelforFun
Sat Nov 25, 2017 10:41 am
Forum: Investing - Help with Personal Investments
Topic: 10 years to retirement - Vanguard Target Retirement
Replies: 3
Views: 941

Re: 10 years to retirement - Vanguard Target Retirement

1) You should continue to keep the $320K in the IRA since you would have better control and much more investing flexibility.

2) The time to transfer to a Roth is after you retire (you said at age 60 or 61) and before RMD.

TravelforFun
by TravelforFun
Sat Nov 25, 2017 9:49 am
Forum: Investing - Theory, News & General
Topic: HSA: "Pay out of pocket" vs Withdraw math problem
Replies: 48
Views: 3291

Re: HSA: "Pay out of pocket" vs Withdraw math problem

I’m pretty sure at age 65 you can withdraw tax free for any reason. You can withdraw penalty-free for any reason at age 65. Normal income taxes still apply if the withdrawal is not a reimbursement of medical expenses. Not true. You would have to pay income tax plus 20% penalty if you used your HSA ...
by TravelforFun
Sat Nov 25, 2017 9:14 am
Forum: Personal Finance (Not Investing)
Topic: Why not take Social Security at 62
Replies: 334
Views: 25882

Re: Why not take Social Security at 62

Most of what I find on the web says to wait at least until age 67 (my full benefit age). I am having a difficult time making the math justify most of what I read, and as is typical for me it seems, it seems like I will buck the trend and take Social Security at 62, My 2 cents. Take it at 62. Most p...
by TravelforFun
Fri Nov 24, 2017 10:23 pm
Forum: Investing - Help with Personal Investments
Topic: Anyone tired of the stock market going up?
Replies: 213
Views: 16191

Re: Anyone tired of the stock market going up?

I'm tired too. I've had to re-balance twice in the last three months. May have to do it again on Monday. Your IPS or personality must be very exact! Regardless, your comment made me think. I've heard advice not to look at accounts during bear markets, but your post made me realize that prolonged ma...
by TravelforFun
Fri Nov 24, 2017 10:14 pm
Forum: Personal Finance (Not Investing)
Topic: Why not take Social Security at 62
Replies: 334
Views: 25882

Re: Why not take Social Security at 62

Real life example here: I'm 65 and my wife is 61. Our scheduled monthly SS benefits at 62, Full Retirement Age, and 70 for me and my wife are: $2,380, $2,684, $3,606 (mine); and $750, $1,018, $1,316 (my wife's) Next year, my wife will file for her benefit when she turns 62 and receive $750. I will f...
by TravelforFun
Fri Nov 24, 2017 8:03 pm
Forum: Investing - Help with Personal Investments
Topic: if you could use only 1 investment firm...
Replies: 79
Views: 4866

Re: if you could use only 1 investment firm...

I move my money to firms that offer bonuses. At the present time, I have accounts at Fidelity, Schwab and TD Ameritrade; and I have no preference.

TravelforFun
by TravelforFun
Fri Nov 24, 2017 7:59 pm
Forum: Investing - Theory, News & General
Topic: The 4% rule DOES fail but still makes sense!
Replies: 195
Views: 14968

Re: The 4% rule DOES fail but still makes sense!

4% SWR has a small chance to fail, 3% shouln't fail. I identify my financial independent number by using the 3% withdrawal rate and my adult kids are thrilled.

TravelforFun
by TravelforFun
Fri Nov 24, 2017 7:14 pm
Forum: Investing - Help with Personal Investments
Topic: Anyone tired of the stock market going up?
Replies: 213
Views: 16191

Re: Anyone tired of the stock market going up?

I'm tired too. I've had to re-balance twice in the last three months. May have to do it again on Monday.

TravelforFun
by TravelforFun
Thu Nov 23, 2017 12:23 pm
Forum: Personal Finance (Not Investing)
Topic: Why not take Social Security at 62
Replies: 334
Views: 25882

Re: Why not take Social Security at 62

DrGoogle2017 wrote:
Thu Nov 23, 2017 11:40 am
I’m delaying and here are my reasons:

6) If possible, I would like to get credit for delaying until I’m 75.
I wish this was possible as well.

TravelforFun
by TravelforFun
Thu Nov 23, 2017 12:42 am
Forum: Local Chapters and Bogleheads Community
Topic: Roll Call for the Retirement Class of 2017!
Replies: 274
Views: 37915

Re: Roll Call for the Retirement Class of 2017!

Miriam2, I love your enthusiasm.

TravelforFun
by TravelforFun
Wed Nov 22, 2017 9:43 pm
Forum: Personal Finance (Not Investing)
Topic: Why not take Social Security at 62
Replies: 334
Views: 25882

Re: Why not take Social Security at 62

Never have thought much about taking SS at 62, but my FRA is 67 not 65, thought even less about taking it at 70. What's wrong with taking it at FRA? Does everything have to be an extreme, either 62 or 70? Want 'bird-in-the-hand'? take it at 62; want maximum survivor's benefit? take it at 70. And th...