Search found 225 matches

by Wricha
Thu Mar 23, 2017 5:45 pm
Forum: Personal Finance (Not Investing)
Topic: Divesting to heirs. When and how quickly.
Replies: 45
Views: 4139

Re: Divesting to heirs. When and how quickly.

I am going to go out on limb here (without knowing your children) 19 year old with $1M dollars :shock: that would have to be off the table. 19 and 40 are not equal, one is an adolescent and the other is entering middle age. In the end they can/may get the same amount they just don't receive it at th...
by Wricha
Wed Mar 08, 2017 9:15 pm
Forum: Personal Consumer Issues
Topic: Zero-Turn Mowers
Replies: 23
Views: 1679

Re: Zero-Turn Mowers

I have Scag and am very pleased with it. I paid more than twice what OP is wanting to spend.
by Wricha
Mon Mar 06, 2017 7:42 am
Forum: Personal Finance (Not Investing)
Topic: Progress Made - What Now? (Pay off cheap mtg or invest)
Replies: 23
Views: 2280

Re: Progress Made - What Now? (Pay off cheap mtg or invest)

Meg I might be tempted to save $100k or so. Take a look around in year and see where the prevailing are coming from. I think your are in good position to deploy a large chunk of cash either in the market, new real estate, or pay down debt at that time in the mean time you are building up a cash rese...
by Wricha
Sun Mar 05, 2017 6:51 pm
Forum: Personal Finance (Not Investing)
Topic: Net worth milestone reached: $100,000!
Replies: 52
Views: 3913

Re: Net worth milestone reached: $100,000!

Good for you! At your age I had a negative net worth. 30 years later doing just fine. Give yourself a pat on the back you deserve it.
by Wricha
Sat Mar 04, 2017 6:38 am
Forum: Personal Finance (Not Investing)
Topic: Second home or not ready
Replies: 56
Views: 4311

Re: Second home or not ready

FWIW, I have a slightly different take. I have had a second home (4 different places) since I was 45. Yes there are expenses but if you really like the area, no kids, fairly high income you can use more often than most (long weekends etc.). The big decision rent or not I did for one place and I find...
by Wricha
Fri Mar 03, 2017 10:13 pm
Forum: Investing - Theory, News & General
Topic: Generating Passive income
Replies: 33
Views: 3667

Re: Generating Passive income

I could be wrong. My experience: once I started looking at cash flow vs net worth as the most important indicator to defining financial independence my view of investments changed. It is the same for people that are employed vs self employed (with employees) they see the financial world very differe...
by Wricha
Tue Feb 21, 2017 1:14 pm
Forum: Personal Consumer Issues
Topic: best type boat for FL Keys - need help from conchs
Replies: 13
Views: 1943

Re: best type boat for FL Keys - need help from conchs

Center console 100% or cuddy if you plan some weekend trips. Everglades, Pursuit, Boston Whaler, Grandy all well built boats on expensive side. A step down but decent Sea Hunt.
by Wricha
Tue Feb 21, 2017 12:59 pm
Forum: Investing - Help with Personal Investments
Topic: Who would quit playing if they already won?
Replies: 106
Views: 10755

Re: Who would quit playing if they already won?

Let me sound the voice of dissent, it's not entirely clear to me that living on a 2% withdrawal rate means you can blithely maintain a high equity allocation. for example, if you were 100% in equities and the market moved down 50%, your withdrawal rate would move to 4%, which may be too high. My ap...
by Wricha
Tue Feb 21, 2017 10:04 am
Forum: Investing - Help with Personal Investments
Topic: Who would quit playing if they already won?
Replies: 106
Views: 10755

Re: Who would quit playing if they already won?

Thanks Victoria I owe you a beer!
by Wricha
Mon Feb 20, 2017 10:51 pm
Forum: Investing - Help with Personal Investments
Topic: Who would quit playing if they already won?
Replies: 106
Views: 10755

Re: Who would quit playing if they already won?

Thanks all for posts. Interesting I really thought out of the game was out of equities. I can now see how folks would see it otherwise. I do like the idea of laddered annuity after 70 gives me more time to procrastinate. Thanks again
by Wricha
Mon Feb 20, 2017 7:07 am
Forum: Investing - Help with Personal Investments
Topic: Who would quit playing if they already won?
Replies: 106
Views: 10755

Re: Who would quit playing if they already won?

OP, this is more food for thought for you. When comparing with a SPIA, please remember to account for inflation. Agree. As I review all the good information people have offered. I realize that what I am most struggling against most, is that in this strong market I am making money irrespective of not...
by Wricha
Sun Feb 19, 2017 8:01 pm
Forum: Investing - Help with Personal Investments
Topic: Who would quit playing if they already won?
Replies: 106
Views: 10755

Re: Who would quit playing if they already won?

Wricha wrote: I know it sounds crazy, but if you can cover your expenses over social security with 35% of your current portfolio value, why not just stick with what you have and if things go bad an your portfolio drops in value by 65%, buy the SPIA at that point? How are you calculating that 35% of ...
by Wricha
Sat Feb 18, 2017 11:20 pm
Forum: Investing - Help with Personal Investments
Topic: Who would quit playing if they already won?
Replies: 106
Views: 10755

Re: Who would quit playing if they already won?

I know it sounds crazy, but if you can cover your expenses over social security with 35% of your current portfolio value, why not just stick with what you have and if things go bad an your portfolio drops in value by 65%, buy the SPIA at that point? Note that since you are 60/40, to a first approxim...
by Wricha
Fri Feb 17, 2017 11:51 pm
Forum: Investing - Help with Personal Investments
Topic: Who would quit playing if they already won?
Replies: 106
Views: 10755

Re: Who would quit playing if they already won?

Looked at an annuity calculator again: If my living expenses are 2% of my portfolio. I would have to give up about 35% of my portfolio to cover my expenses in an annuity. Seeing that decline in the portfolio is what always throws me down the steps. Then a 35% decline in the market is not unheard of...
by Wricha
Fri Feb 17, 2017 1:59 pm
Forum: Investing - Help with Personal Investments
Topic: Who would quit playing if they already won?
Replies: 106
Views: 10755

Re: Who would quit playing if they already won?

Looked at an annuity calculator again: If my living expenses are 2% of my portfolio. I would have to give up about 35% of my portfolio to cover my expenses in an annuity. Seeing that decline in the portfolio is what always throws me down the steps. Then a 35% decline in the market is not unheard of,...
by Wricha
Fri Feb 17, 2017 3:16 am
Forum: Investing - Help with Personal Investments
Topic: Who would quit playing if they already won?
Replies: 106
Views: 10755

Re: Who would quit playing if they already won?

1. Has anyone in the thread suggested a single premium immediate annuity to provide guaranteed income for a portion of your expenses? The income will be greater than the income from tbills or a treasury ladder. 2. If the beneficiary of your estate is going to be a charity anyway, what about a chari...
by Wricha
Tue Feb 14, 2017 11:08 pm
Forum: Investing - Help with Personal Investments
Topic: Who would quit playing if they already won?
Replies: 106
Views: 10755

Re: Who would quit playing if they already won?

Thanks folks good comments as always!
by Wricha
Mon Feb 13, 2017 8:25 pm
Forum: Investing - Help with Personal Investments
Topic: Who would quit playing if they already won?
Replies: 106
Views: 10755

Re: Who would quit playing if they already won?

Managing your finances is not a game, it's a lifelong skill that we develop. And because it's not a game, it can't be "won". Managing riisk is part of this skill set. If you don't have enough $$$ to retire comfortably, your risk tolerance should be low. If you have N times what it takes t...
by Wricha
Mon Feb 13, 2017 7:53 pm
Forum: Investing - Help with Personal Investments
Topic: Who would quit playing if they already won?
Replies: 106
Views: 10755

Re: Who would quit playing if they already won?

Wricha, I'm in a similar situation and while I didn't get to meet Dr Bernstein, I've read many of his books. My plan going into retirement was to hold 60/40 forever but.... after reading "The Ages of the Investor" and "Deep Risk" I decided to make a change using his LMP approach...
by Wricha
Mon Feb 13, 2017 7:51 pm
Forum: Personal Consumer Issues
Topic: Mint/Financial Organization/Credit Card Travel Hobby
Replies: 10
Views: 725

Re: Mint/Financial Organization/Credit Card Travel Hobby

BFG

I have used mint for years. I am now using Personal Capital and think it's much better on the investment side. They both will tract credit cards.
by Wricha
Mon Feb 13, 2017 7:45 pm
Forum: Investing - Help with Personal Investments
Topic: Who would quit playing if they already won?
Replies: 106
Views: 10755

Re: Who would quit playing if they already won?

Another way of saying this is "Why put yourself at risk if you don't need to?" But is a retiree who only wants a 2% withdrawal rate really "at risk" from equity investments, per se? Of course, we're all at risk of a true global meltdown, but who's to say that such a scenario won...
by Wricha
Mon Feb 13, 2017 7:33 pm
Forum: Investing - Help with Personal Investments
Topic: Who would quit playing if they already won?
Replies: 106
Views: 10755

Re: Who would quit playing if they already won?

Another way of saying this is "Why put yourself at risk if you don't need to?" But is a retiree who only wants a 2% withdrawal rate really "at risk" from equity investments, per se? Of course, we're all at risk of a true global meltdown, but who's to say that such a scenario won...
by Wricha
Mon Feb 13, 2017 7:25 pm
Forum: Investing - Help with Personal Investments
Topic: Who would quit playing if they already won?
Replies: 106
Views: 10755

Re: Who would quit playing if they already won?

sarahjane wrote:My take was to put 25 year's estimated annual expenses (less SS) into cash equivalents. Then invest the balance however.



Thanks Sarahjane this the kind of advice I am looking for
by Wricha
Mon Feb 13, 2017 7:19 pm
Forum: Investing - Help with Personal Investments
Topic: Who would quit playing if they already won?
Replies: 106
Views: 10755

Re: Who would quit playing if they already won?

My understanding is that the game is owning stocks and winning is when you don't need to own stocks anymore. I understand that might be simplifying the idea too much. So, is the question who or how many of us would no longer hold anything in stocks if we thought we had enough money to get by only i...
by Wricha
Mon Feb 13, 2017 7:12 pm
Forum: Personal Finance (Not Investing)
Topic: Any advice for buying a Dr Office?
Replies: 15
Views: 1939

Re: Any advice for buying a Dr Office?

I have been involved with the purchase of 100's physicians (PCP and specialists) offices over 25 years. Never been involved with a chiropractic practice so keep that in mind. My gut don't. You are in one of the most hostile medical environments in the country. Chiropractic practices tend to be solo ...
by Wricha
Mon Feb 13, 2017 6:45 pm
Forum: Investing - Help with Personal Investments
Topic: Who would quit playing if they already won?
Replies: 106
Views: 10755

Who would quit playing if they already won?

I am retired with a typical 60/40 stock/bond allocation. Happy to ride into the sunset with this portfolio. The mind is a terrible instrument when it starts thinking and thinking but I can't get this line out of my mind. "Why play the game if you already won" thank you Dr Bernstein (met hi...
by Wricha
Sat Jan 28, 2017 10:21 pm
Forum: Local Chapters and Bogleheads Community
Topic: HAPPY 93RD BIRTHDAY, TAYLOR!
Replies: 199
Views: 7840

Re: HAPPY 93RD BIRTHDAY, TAYLOR!

Happy Birthday and thank you for your extra ordinary grace.
Godspeed
Mr Larimore
by Wricha
Mon Jan 16, 2017 4:44 pm
Forum: Personal Consumer Issues
Topic: Vacationing in Florida (Advice Requested)
Replies: 22
Views: 1838

Re: Vacationing in Florida (Advice Requested)

Resturant (outrageous) Red Mesa 4912 4th street (not the one in center city st Pete) Southwest style The grouper dinner is great everything is wonderful there. Would not miss this one.
by Wricha
Wed Jan 11, 2017 7:46 pm
Forum: Personal Consumer Issues
Topic: Where Can a Self-Supporting Retiree Move?
Replies: 32
Views: 3644

Re: Where Can a Self-Supporting Retiree Move?

JaneyLH, I think it would be good to know if you are running away from something or running to something by leaving country. I built a house in Canada it was nice, people are great, beautiful setting, healthcare system marginal at best, still have some property there but in the end life in the US is...
by Wricha
Wed Jan 11, 2017 7:24 pm
Forum: Personal Finance (Not Investing)
Topic: Best Financial Moves You've Made
Replies: 141
Views: 17054

Re: Best Financial Moves You've Made

All the things that define bogleheads but 2 best:

1. Being self employed (creating my own time)
2. Investing with partners in commercial real estate

Both contributed equally to net worth and the boglehead investment strategy maintains the cash flow
by Wricha
Thu Dec 22, 2016 7:43 pm
Forum: Personal Consumer Issues
Topic: High Point NC - furniture shopping
Replies: 1
Views: 562

High Point NC - furniture shopping

Recently bought a house in Asheville NC. I will need to furnish the entire house. I was told that High Point NC was the place to go to buy furniture. Does anyone have any experience with buying furniture at High Point? Selection, price, service and delivery. Any tips would be helpful.
Thank you
by Wricha
Mon Dec 05, 2016 8:00 am
Forum: Personal Consumer Issues
Topic: Relocation to Asheville, NC
Replies: 14
Views: 1883

Re: Relocation to Asheville, NC

Barefoot girl I have a place on the west cost of Fl and closed on a house just 30 miles north of Asheville this past month making me an Asheville expert. I put in a fair amount of time looking for a place that fit my needs which was well built, secure (summer/fall resident), secluded, biking/hiking ...
by Wricha
Mon Oct 31, 2016 3:56 pm
Forum: Personal Consumer Issues
Topic: Printer/Copier recommendation for home use
Replies: 18
Views: 1447

Re: Printer/Copier recommendation for home use

I have always bought HP's . When they made me replace color ink to print black/white I stop with HP. Bought a Brother works great no hassles with ink cartridges. So anything other than HP
by Wricha
Sun Oct 23, 2016 9:34 am
Forum: Investing - Help with Personal Investments
Topic: Real estate investing....thoughts
Replies: 19
Views: 2634

Re: Real estate investing....thoughts

There are many ways to be involved in real estate and make/lose money. You can be an investor, a developer, construction, sale man, property manger etc. You need to decide where you want to place your time/money. As far as a REIT's go I have never been involved with one but I have sold properties to...
by Wricha
Tue Oct 11, 2016 4:22 pm
Forum: Personal Consumer Issues
Topic: Aging and Spending
Replies: 54
Views: 9553

Re: Aging and Spending

I am retired (less than 65) about a year now. I am spending more and plan to spend even more. If the cars begin to get old and they require more of my time to maintain them I will get a new one. If repairs/maintenance are needed I will spend more money on that stuff ( I always did maintenance). Bott...
by Wricha
Sun Oct 09, 2016 9:31 am
Forum: Investing - Help with Personal Investments
Topic: A Retiree's Conundrum - Can you help?
Replies: 21
Views: 3870

Re: A Retiree's Conundrum - Can you help?

Do you want the security your currently have? Which is very solid with a 1% WDR. You probably could go 100% SPY or 100% T-bonds or 100% cash and be ok. Bottom line it is tough to make a mistake unless you increase your lifestyle significantly or get caught up in a sham. How important is leaving behi...
by Wricha
Sun Oct 09, 2016 9:18 am
Forum: Personal Consumer Issues
Topic: Best car for night driving
Replies: 47
Views: 3665

Re: Best car for night driving

Just bought a Ford F150 the lighting is great. The high beams stay on and before you can react it will go to low beams the second a car comes in your direction and will turn off when making turns. No worries about blinding on coming cards. It is amazing how well it works. Don't remember if was an op...
by Wricha
Mon Sep 26, 2016 12:37 pm
Forum: Personal Consumer Issues
Topic: Three Full Days in Asheville, NC - Help for First Timers
Replies: 30
Views: 2713

Re: Three Full Days in Asheville, NC - Help for First Timers

Nine Mile Resturant- go to original address below. It you like good spicey food - extremely reasonable

Address: 233 Montford Ave, Asheville, NC 28801
Phone: (828) 505-3121
Cuisine: Caribbean Ā·
by Wricha
Sun Sep 18, 2016 10:59 pm
Forum: Personal Consumer Issues
Topic: Which city for part time home during retirement?
Replies: 86
Views: 6716

Re: Which city for part time home during retirement?

Check out Asheville NC . Was there a couple of weeks ago. Beautiful mountains, college town, reasonable housing cost and plenty of outdoor activities.
by Wricha
Sun Sep 18, 2016 10:53 pm
Forum: Personal Consumer Issues
Topic: More on Scouting Retirement Locations
Replies: 35
Views: 3235

Re: More on Scouting Retirement Locations

BFG,
I have a place on the fl gulf. I think we are safe for a little while.
by Wricha
Sun Sep 18, 2016 10:37 pm
Forum: Personal Finance (Not Investing)
Topic: How do you view money over and above your number?
Replies: 50
Views: 5746

Re: How do you view money over and above your number?

I have done some very short term consulting (negotiations) on behalf of former clients. They have gone well and I have been very fairly compensated. The money was unexpected and not needed for retirement. Not sure why I did it and I hope I have the courage not to do it again (really did not enjoy it...
by Wricha
Tue Sep 13, 2016 3:19 am
Forum: Personal Finance (Not Investing)
Topic: Physician employment and fair salary and raises
Replies: 58
Views: 6547

Re: Physician employment and fair salary and raises

The following would be useful :

What speciality (most likely not PCP)
What part of country and (city, suburbs rural)
Who is the employer (hospital, large group, insurance company)
What is the current base
Payer Mix
by Wricha
Mon Sep 12, 2016 4:25 pm
Forum: Investing - Theory, News & General
Topic: Thank you Taylor Larimore
Replies: 51
Views: 8502

Re: Thank you Taylor Larimore

Mr Larimore will not remember this but a few years ago I went to my first boglehead conference. I was stumbling around the lobby not knowing where anything was. This gentleman who was recovering from surgery and it was effort for him to speak introduced himself to me as Taylor Larimore and ask me if...
by Wricha
Tue Sep 06, 2016 9:30 pm
Forum: Personal Finance (Not Investing)
Topic: Opening a medical office...Can it still be done?
Replies: 18
Views: 3303

Re: Opening a medical office...Can it still be done?

If Western PA is Pittsburgh. I would suggest to try a different market (more rural) Right now the Pittsburgh health market is confused at best. There may be some dramatic changes that will make solo practice the first of many business failures in that city. It is doubtful that a solo doc running a p...
by Wricha
Sun Aug 28, 2016 7:27 pm
Forum: Investing - Theory, News & General
Topic: Rich Dad/Poor Dad Assets
Replies: 57
Views: 6812

Re: Rich Dad/Poor Dad Assets

It's been many years for me as well since I read his book. I think he was saying a house is not an asset because it cost you money and produces no income. Stocks are what "rich" people sell to the unwashed masses. Even John would admit that stocks and bonds are assets. I do agree with him ...
by Wricha
Sat Aug 27, 2016 10:56 am
Forum: Personal Consumer Issues
Topic: Any Porsche 911 owners here?
Replies: 118
Views: 13112

Re: Any Porsche 911 owners here?

Please watch the following:

https://m.youtube.com/watch?v=7sWPHKU1XZU

If you can relate .................You will know what to do.


20+ years of 911's, maintenance reasonable (my experience nothing more than oil changes and of course tires)
by Wricha
Tue Aug 23, 2016 8:43 pm
Forum: Personal Finance (Not Investing)
Topic: Did you use Real Estate to build wealth?
Replies: 45
Views: 4159

Re: Did you use Real Estate to build wealth?

Yes I did. First I like looking at real estate doesn't matter what kind I like to look (even on vacation). Second I like to think how can I make this into something valuable/unique. Third I built a team of people who know what they are doing (construction company, property manager banker and lawyer)...
by Wricha
Fri Dec 25, 2015 3:36 pm
Forum: Investing - Help with Personal Investments
Topic: My husband left me for a younger woman - help me take control of my finances
Replies: 36
Views: 9732

Re: My husband left me for a younger woman - help me take control of my finances

Christine Had one call told them I was not interested never had another call in past year. I think their security is better and their investment tracking is very good (a good bit better than mint) All in all a 30 second phone call was worth the price (free). You should check it out. It makes AA a br...
by Wricha
Fri Dec 25, 2015 9:20 am
Forum: Investing - Help with Personal Investments
Topic: My husband left me for a younger woman - help me take control of my finances
Replies: 36
Views: 9732

Re: My husband left me for a younger woman - help me take control of my finances

Good morning and Merry Christmas to all. Just finished coffee no newspaper today so it was the Bogleheads. OP you are more than fine and it is clear that your are bright and have things under control (good for you) one very minor suggestion I would use Personal Capital rather then Mint much better f...

Go to advanced search