Search found 254 matches

by Wricha
Fri Nov 17, 2017 3:40 pm
Forum: Personal Consumer Issues
Topic: My dad's army jacket
Replies: 57
Views: 3007

Re: My dad's army jacket

Vet here (which means absolutely nothing). Wear it if you like I don’t understand the problem.
by Wricha
Wed Nov 08, 2017 1:05 pm
Forum: Investing - Help with Personal Investments
Topic: Annuity for winning the game
Replies: 39
Views: 3406

Re: Annuity for winning the game

Thank you in advance. I am very very slowly coming (10 years) to the conclusion that there maybe a place to augment my investments with an annuity. I am 63 years old (SS at 70) and have been lucky (no inheritance things just worked out) with enough money to live a very good lifestyle on 2% withdraw...
by Wricha
Wed Nov 08, 2017 1:03 pm
Forum: Investing - Help with Personal Investments
Topic: Annuity for winning the game
Replies: 39
Views: 3406

Re: Annuity for winning the game

Great points made above. Still missing, however: 1) You don't indicate where you live, so you might be subject to the non-deductible state tax on annuities. https://www.immediateannuities.com/state-premium-tax/ 2) At 63, you just can't say you know exactly how you will want to spend the rest of you...
by Wricha
Wed Nov 08, 2017 12:56 pm
Forum: Investing - Help with Personal Investments
Topic: Annuity for winning the game
Replies: 39
Views: 3406

Re: Annuity for winning the game

See Jim Otar’s book and web site for best advice. If I recall correctly, according to Otar, you are well past the sweet spot for an SPIA. So, no need to annuitize and would be a waste of principle, but it is your money. Even with an annuity, one needs a good financial fiduciary/trustee in the event...
by Wricha
Wed Nov 08, 2017 5:37 am
Forum: Investing - Help with Personal Investments
Topic: Annuity for winning the game
Replies: 39
Views: 3406

Re: Annuity for winning the game

While the other post rightfully points out that any investment you make will be fine in terms of return and (probably) longevity -- I think it too easily glossed over cognitive decline as a Pretty Good Reason To Buy An Annuity. You don't need to annuitize all at once, if 12% feels like a lot. You c...
by Wricha
Wed Nov 08, 2017 5:36 am
Forum: Investing - Help with Personal Investments
Topic: Annuity for winning the game
Replies: 39
Views: 3406

Re: Annuity for winning the game

2% withdrawal rate means that you can do whatever you want and it'll work. Saving 50 times your annual expenses means you could get a real return of zero and wind up with enough money to last you until you turn 113 years old. Very few people live to that age. Any non-terrible investment is fine. Wh...
by Wricha
Wed Nov 08, 2017 3:24 am
Forum: Investing - Help with Personal Investments
Topic: Annuity for winning the game
Replies: 39
Views: 3406

Annuity for winning the game

Thank you in advance. I am very very slowly coming (10 years) to the conclusion that there maybe a place to augment my investments with an annuity. I am 63 years old (SS at 70) and have been lucky (no inheritance things just worked out) with enough money to live a very good lifestyle on 2% withdrawa...
by Wricha
Fri Nov 03, 2017 8:04 am
Forum: Investing - Help with Personal Investments
Topic: Accidentally bought $20,000 worth of I Bonds
Replies: 17
Views: 4603

Re: Accidentally bought $20,000 worth of I Bonds

Assuming you bought them on line. I bought too many through Treasury Direct. It went through as you said but they caught it within 48 hours. As I recall I got a pretty stern email saying don't do it again or I will be shot or something worse. Right But did you get to keep the extra bonds? They bust...
by Wricha
Thu Nov 02, 2017 8:23 pm
Forum: Personal Consumer Issues
Topic: Retirees: which websites do you spend the most time on?
Replies: 33
Views: 5766

Re: Retirees: which websites do you spend the most time on?

Rob54keep wrote:
Tue Oct 31, 2017 9:40 pm
BH (of course)
Morningstar
Fox News
Clark Howard
Jim Lange Money Hour (in Pittsburg)
science & geology websites (AAPG)
Tax Policy Center
Given you are a Packer's fan that's Pittsburgh wtth "H" 😄
by Wricha
Thu Nov 02, 2017 8:19 pm
Forum: Investing - Help with Personal Investments
Topic: Accidentally bought $20,000 worth of I Bonds
Replies: 17
Views: 4603

Re: Accidentally bought $20,000 worth of I Bonds

Assuming you bought them on line. I bought too many through Treasury Direct. It went through as you said but they caught it within 48 hours. As I recall I got a pretty stern email saying don't do it again or I will be shot or something worse.
by Wricha
Tue Oct 10, 2017 9:05 am
Forum: Investing - Help with Personal Investments
Topic: Protecting against the possibility of a correction?
Replies: 45
Views: 4101

Re: Protecting against the possibility of a correction?

But for those in retirement, like me, markets may not fully recover during our life time after a 2008 type correction. So, what is the Bogleheads strategy for us? NO equities? Perhaps you should take a look at the "liability matching portfolio". I don't know enough about it to comment, but it might...
by Wricha
Sat Sep 02, 2017 6:58 am
Forum: Investing - Theory, News & General
Topic: Robert Kiyosaki - rich dad, poor dad
Replies: 45
Views: 4688

Re: Robert Kiyosaki - rich dad, poor dad

Financial books are different from other types of books. With most books, if you read a bad book you will waste time but no harm will result. By contrast, bad financial books will harm you. Financial books are seldom purely theoretical and the harm comes from the recommendations they make. It's dif...
by Wricha
Wed Jul 19, 2017 11:26 pm
Forum: Personal Consumer Issues
Topic: Fun place to stop overnight en route from Florida Keys to Tampa ( not Disney)
Replies: 35
Views: 3131

Re: Fun place to stop overnight en route from Florida Keys to Tampa ( not Disney)

BashDash wrote:We are going tomorrow! Looks great and thank for the tip!
There is an Italian restaurant just down the road from the Hyatt called Angeleno's. Very nice setting, decent food but a little expensive.
by Wricha
Wed Jul 19, 2017 10:50 pm
Forum: Personal Consumer Issues
Topic: Books not to read.
Replies: 155
Views: 13208

Re: Books not to read.

"Born on Third Base" by Chuck Collins a story about a guy who was heir to the Oscar Myer family. He gave away his trust fund when he was in his twenties out of guilty. Now spends his time trying to convince people to not to donate to charities but to give your money to the government because they c...
by Wricha
Mon Jul 17, 2017 9:07 pm
Forum: Personal Consumer Issues
Topic: Thinking of Retiring in South Florida
Replies: 13
Views: 1891

Re: Thinking of Retiring in South Florida

The east coast and the west coast of Florida in my opinion are very different. They tend to draw different types of people. The east coast of Fl tends to draw more from the east coast while the west coast of Fl tends to draw more from the Midwest. Resulting in more high energy east coast and a laid ...
by Wricha
Mon Jul 17, 2017 8:54 pm
Forum: Personal Consumer Issues
Topic: Books not to read.
Replies: 155
Views: 13208

Re: Books not to read.

Wricha:

Any investment book that promises to "beat the market."

Best wishes
Taylor
Good one! Mr Larimore
by Wricha
Mon Jul 17, 2017 8:52 pm
Forum: Personal Finance (Not Investing)
Topic: Personal Capital - Net Worth?
Replies: 22
Views: 2876

Re: Personal Capital - Net Worth?

I really think personal capital is great. You can setup manually, categories for homes, physical gold, or any asset class. Check out how can analyze your portfolio.
by Wricha
Mon Jul 17, 2017 8:38 pm
Forum: Personal Consumer Issues
Topic: Books not to read.
Replies: 155
Views: 13208

Re: Books not to read.

This would be my pick of books not to read
by Wricha
Mon Jul 17, 2017 8:37 pm
Forum: Personal Consumer Issues
Topic: Books not to read.
Replies: 155
Views: 13208

Books not to read.

"Born on Third Base" by Chuck Collins a story about a guy who was heir to the Oscar Myer family. He gave away his trust fund when he was in his twenties out of guilty. Now spends his time trying to convince people to not to donate to charities but to give your money to the government because they ca...
by Wricha
Sun Jul 16, 2017 10:45 pm
Forum: Personal Consumer Issues
Topic: Anyone have a second home in The NC mountains?
Replies: 25
Views: 3170

Re: Anyone have a second home in The NC mountains?

Bought a beautiful mountain home north of Asheville (27 miles) in Madison County. House is at 4000 ft elevation. Never have used air conditioner and the humidity is not bad. North of Asheville tend to have the longer mountain views and higher mountains 5k+. The same quint mountains towns (good Restu...
by Wricha
Mon Jul 10, 2017 6:36 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity, Vanguard or Schwab? I need to choose.
Replies: 47
Views: 4285

Re: Fidelity, Vanguard or Schwab? I need to choose.

Personally over the course of 30 years I have been with all three, Schwab's service is heads above Fidelity and heads and shoulders above Vanguard (this is capital offense on this site)
by Wricha
Mon Jul 10, 2017 4:47 pm
Forum: Personal Finance (Not Investing)
Topic: "Millionaire Next Door" Net Worth Formula
Replies: 173
Views: 20459

Re: "Millionaire Next Door" Net Worth Formula

Just another data point the top 1% of someone 65-75 years old is 11M+ I think that is 2 year old data. $10M is not what is use to be :shock:
by Wricha
Sat Jul 08, 2017 3:13 pm
Forum: Personal Consumer Issues
Topic: Shopping for first bike since I was a kid
Replies: 121
Views: 7560

Re: Shopping for first bike since I was a kid

I hate to break this news to you but you may have to up your budget to get a decent bike. No one like working or maintaining a cheap bike. A decent bike is a pleasure to ride a cheap bike is a nightmare.
by Wricha
Sat Jul 08, 2017 2:38 pm
Forum: Personal Consumer Issues
Topic: Fun place to stop overnight en route from Florida Keys to Tampa ( not Disney)
Replies: 35
Views: 3131

Re: Fun place to stop overnight en route from Florida Keys to Tampa ( not Disney)

Wricha, wow that Hyatt seems perfect. We are even considering staying there two nights now. Might be a nice spot for us with our family alone because both other segments will be with extended family. I actually found a rate of 180 on a third party site. Thanks again!

How did it work out.
by Wricha
Mon Jun 26, 2017 12:17 am
Forum: Personal Consumer Issues
Topic: Fun place to stop overnight en route from Florida Keys to Tampa ( not Disney)
Replies: 35
Views: 3131

Re: Fun place to stop overnight en route from Florida Keys to Tampa ( not Disney)

Gill is absolutely correct any outdoor activity in July (for that road trip) is crazy, with small children criminal. Dail mueseum in St Pete might work (Red Mesa jut north of center city for resturant). My choice would be (Hyatt Regency Bonita FL) This time a year $200/night which is a very good rat...
by Wricha
Sun Jun 25, 2017 9:37 pm
Forum: Investing - Theory, News & General
Topic: "Heads I Win, Tails I Win -- A Gem
Replies: 12
Views: 3159

Re: "Heads I Win, Tails I Win -- A Gem

Thank you once again Mr Larimore.
by Wricha
Sun Jun 25, 2017 7:25 pm
Forum: Investing - Theory, News & General
Topic: The "angle" at Schwab
Replies: 32
Views: 4402

Re: The "angle" at Schwab

Schwab, has been first rate no hard sell. It's service excellent, local people great. Arranged a very large loan ( excellent rates) for me in hours to bridge a gap on new monies that were not available. Can't say enough good things about these folks.
by Wricha
Sun Jun 25, 2017 7:15 pm
Forum: Personal Consumer Issues
Topic: Worthwhile TV programming?
Replies: 55
Views: 4158

Re: Worthwhile TV programming?

Barefoot girl

Try "The Keeper" extremely power documentary on Netflix. You can thank me later
by Wricha
Tue May 23, 2017 2:58 pm
Forum: Personal Consumer Issues
Topic: TV show recommendations?
Replies: 554
Views: 211404

Re: TV show recommendations?

Just finished a Netflix original called "The Keepers" a documentary that confirms what The Wire told us about Baltimore. Very well done. Warning emotionally rough
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: 5040

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 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 the same t...
by Wricha
Wed Mar 08, 2017 9:15 pm
Forum: Personal Consumer Issues
Topic: Zero-Turn Mowers
Replies: 52
Views: 4989

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: 31
Views: 3973

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: 53
Views: 5266

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: 5324

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: 4744

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: 2297

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: 12935

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: 12935

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: 12935

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: 12935

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: 12935

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: 12935

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: 12935

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: 12935

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: 12935

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: 12935

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: 12935

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: 12935

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: 958

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: 12935

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...