Search found 1019 matches

by basspond
Wed Jul 18, 2018 11:03 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone not have a Budget?
Replies: 114
Views: 6133

Re: Anyone not have a Budget?

No budget here either. Just a high savings rate (over 30%).
by basspond
Wed Jul 18, 2018 7:47 am
Forum: Personal Finance (Not Investing)
Topic: Thrift Savings Plan Loan Help/Withdrawl/Tax
Replies: 11
Views: 830

Re: Thrift Savings Plan Loan Help/Withdrawl/Tax

...The good thing about the TSP is that I am paying my loan back to myself with interest, not some bank. It is not just you but a lot of others that this logic doesn't make sense. Why is that? Why does it matter who pays your interest on your retirement account? Does the loan interest you pay worth...
by basspond
Sun Jul 15, 2018 3:30 pm
Forum: Personal Finance (Not Investing)
Topic: Thrift Savings Plan Loan Help/Withdrawl/Tax
Replies: 11
Views: 830

Re: Thrift Savings Plan Loan Help/Withdrawl/Tax

...The good thing about the TSP is that I am paying my loan back to myself with interest, not some bank. It is not just you but a lot of others that this logic doesn't make sense. You still have to pay interest if you borrowed from another bank and your TSP account would still be making interest. I...
by basspond
Sat Jul 14, 2018 4:59 pm
Forum: Personal Finance (Not Investing)
Topic: Early retirement
Replies: 143
Views: 12481

Re: Early retirement

The most interesting conversations I have heard or hear of someone else having is someone not understanding why we retired early yet they had a close relative that died at a younger age then when we retired.
by basspond
Fri Jul 13, 2018 6:41 am
Forum: Personal Finance (Not Investing)
Topic: Preparing non-technocrat spouse $ Mgmt
Replies: 25
Views: 2130

Re: Preparing non-technocrat spouse $ Mgmt

Have a binder that you update yearly with balances in account and the information on how to access the accounts. Also a list of monthly bills and how they are paid. Review with your spouse yearly and have her access the accounts. But make sure your children know where the information is and you expl...
by basspond
Fri Jul 13, 2018 6:08 am
Forum: Personal Consumer Issues
Topic: When does frugal cross the line to cheapskate?
Replies: 136
Views: 9436

Re: When does frugal cross the line to cheapskate?

When your financial decisions brings actual physical harm to someone, when they cheat others, and if you try to haggle over a majority of transactions.
by basspond
Fri Jul 06, 2018 9:20 am
Forum: Investing - Help with Personal Investments
Topic: Do you count pension contributions as a portion of your overall retirement contributions.
Replies: 47
Views: 3503

Re: Do you count pension contributions as a portion of your overall retirement contributions.

Why not count your and your company's contribution to SS? The main reason to have a real % number that you save is to control your other spending. Just count what you save, you will be better off in the long run.
by basspond
Fri Jul 06, 2018 9:09 am
Forum: Personal Finance (Not Investing)
Topic: 10 years to lose wealth applicable to bogleheads ?
Replies: 32
Views: 3711

Re: 10 years to lose wealth applicable to bogleheads ?

These numbers might be skewed by professional athletes. The main thing that everyone must be weary of is lifestyle creep or in these instances avalanches.
by basspond
Thu Jul 05, 2018 12:06 pm
Forum: Personal Finance (Not Investing)
Topic: Downsizing question: smaller house or interim rental
Replies: 15
Views: 837

Re: Downsizing question: smaller house or interim rental

Had a retired relative move to a smaller house after spouse died. I couldn’t believe that the price paid for new house which was almost 1/2 the size, no pool, and zero lot was as much as the old house. However, they seem very happy and the price was well worth the less maintenance.
by basspond
Wed Jul 04, 2018 6:19 pm
Forum: Personal Finance (Not Investing)
Topic: Will I ever be able to itemize?
Replies: 64
Views: 4221

Re: Will I ever be able to itemize?

I thought the same thing when DW and I married. But as we matured we started to give more and when our interest portion on mortgage got minuscule we started to stack charity and SALT every other year.
by basspond
Wed Jul 04, 2018 6:15 pm
Forum: Personal Finance (Not Investing)
Topic: Just divide what you've got by what you'll spend??
Replies: 21
Views: 2792

Re: Just divide what you've got by what you'll spend??

It probably works if your “years” are between 25 - 35. Less years chances are it won’t last that long, more years it will last infinitely.
by basspond
Mon Jul 02, 2018 10:02 am
Forum: Investing - Help with Personal Investments
Topic: Private Label Blackrock Index Funds?
Replies: 28
Views: 1851

Re: Private Label Blackrock Index Funds?

My company had the same. They had several funds that said mimicked different indexes with very low fees. When I started to dig into it the rate of returns were lower then the indexes they said they mimicked. As soon as I retired I moved everything out.
by basspond
Sat Jun 30, 2018 8:34 am
Forum: Personal Finance (Not Investing)
Topic: Timing exit from megacorp
Replies: 54
Views: 5877

Re: Timing exit from megacorp

Don’t feel greedy or guilty. I picked my retirement based on what gave me the most bang for my buck. In my case it was to maximize my vacation pay.
by basspond
Fri Jun 29, 2018 4:08 pm
Forum: Personal Finance (Not Investing)
Topic: Charity giving how much? How much do other retirees give?
Replies: 44
Views: 3952

Re: Charity giving how much? How much do other retirees give?

Set a percentage to give as your #1 expense item. If you give what is left over, you will not receive the benefits of giving. Would you please list the benefits which you see? As an example you tell yourself you are only going to save what you have left over. What do you think a person would save m...
by basspond
Fri Jun 29, 2018 4:01 pm
Forum: Personal Finance (Not Investing)
Topic: Does It Make Sense to Wait to Claim SocSec?
Replies: 62
Views: 6773

Re: Does It Make Sense to Wait to Claim SocSec?

A lot of good information has already been posted in response to the OP's question. I would summarize some considerations as follows: Health concern - does the early retiree have a normal life expectancy? Spouse - does the spouse have higher SS benefits? If yes, can the couple afford to delay benef...
by basspond
Mon Jun 25, 2018 2:33 pm
Forum: Personal Finance (Not Investing)
Topic: Charity giving how much? How much do other retirees give?
Replies: 44
Views: 3952

Re: Charity giving how much? How much do other retirees give?

Set a percentage to give as your #1 expense item. If you give what is left over, you will not receive the benefits of giving.
by basspond
Sun Jun 24, 2018 6:55 pm
Forum: Personal Finance (Not Investing)
Topic: Retirees: When you cut spending, what do you cut?
Replies: 84
Views: 8453

Re: Retirees: When you cut spending, what do you cut?

Permanent cuts phone/Mobil phone/internet/cable bundled with lower rates was about $75 monthly, life insurance over $200 monthly. But most are non permanent, avoid getting drinks when eating out, that is anywhere from $5- $30 a meal, have more time so avoid toll roads $10-$20 monthly, cook more at h...
by basspond
Thu Jun 21, 2018 7:06 am
Forum: Investing - Help with Personal Investments
Topic: help, inheritance of $3.5M, read & read BogleH, & still in the dark
Replies: 33
Views: 4466

Re: help, inheritance of $3.5M, read & read BogleH, & still in the dark

I would diffinitely shop around for financial advisors especially with your feelings. With this amount of money most will discount their services. I thought about DIY since I did it in my earning years, but this life stage is a different animal. It has been a relief for me. The main reasons I choose...
by basspond
Thu Jun 21, 2018 6:55 am
Forum: Investing - Help with Personal Investments
Topic: How much of your taxable holdings is unrealized capital gains?
Replies: 58
Views: 5019

Re: How much of your taxable holdings is unrealized capital gains?

I have been saving equities for over 30 years so my % is off the charts. I have factored in my taxes, it will be a chunk but least we forget I would rather pay later then pay as you go and loose a lot of my holdings. Plus they are generating dividends and capital gains as we go.
by basspond
Mon Jun 18, 2018 5:08 pm
Forum: Personal Finance (Not Investing)
Topic: can we afford to spend $20K on travel annually
Replies: 89
Views: 6994

Re: can we afford to spend $20K on travel annually

You can but also if you can do some less expensive ones to visit relatives. A lot more meaningful and you won’t regret it as they get older and you start losing them.
by basspond
Sat Jun 16, 2018 6:26 am
Forum: Investing - Help with Personal Investments
Topic: I feel like selling my 3 fund
Replies: 57
Views: 7756

Re: I feel like selling my 3 fund

I know someone who has been sitting on the sidelines for the last 3 years hunting for the bear. Others I know sold at the bear and missed the bull. If you do it know the risks. You could have another tax loss opportunity.
by basspond
Thu Jun 14, 2018 11:06 am
Forum: Personal Finance (Not Investing)
Topic: Paying off mortgage early
Replies: 43
Views: 3689

Re: Paying off mortgage early

We didn't pay off early but switched from 30 to 15 years a year into the 30. The interest rate difference was about 1.5%. Basically our payment stayed the same and instead of paying twice the value of the house in interest, the 15 year note total interest was less then 1/2 the value of the house.
by basspond
Tue Jun 12, 2018 3:53 pm
Forum: Personal Finance (Not Investing)
Topic: Shifting money for house from stock funds
Replies: 12
Views: 928

Re: Shifting money for house from stock funds

When I was in accumulating stage I adjusted my contributions into the different buckets to "balance" my funds. Since you have 7 years I would do the same in your position.
by basspond
Tue Jun 12, 2018 3:49 pm
Forum: Personal Finance (Not Investing)
Topic: Home equity as part of retirement asset
Replies: 24
Views: 1527

Re: Home equity as part of retirement asset

I wouldn't use it to fund my retirement except as a safety net for end of life expenses.
by basspond
Tue Jun 12, 2018 3:43 pm
Forum: Personal Finance (Not Investing)
Topic: Car Lease for parents
Replies: 37
Views: 2662

Re: Car Lease for parents

If they had a refrigerator that went out would you have them rent one since their days on earth are numbered? Buy one that is in their budget and get one with all the driver assist options.
by basspond
Tue Jun 12, 2018 3:33 pm
Forum: Investing - Help with Personal Investments
Topic: Respectfully Looking for Advice
Replies: 20
Views: 2427

Re: Respectfully Looking for Advice

fundseeker wrote:
Tue Jun 12, 2018 6:42 am
basspond wrote:
Mon Jun 11, 2018 11:53 pm
You have way to much car debt making $140k combined.
Where does the OP say how much he and she make? I couldn't find that part.
Simple math. The OP says they have a 4% match and the company match is $5,600 ($2,600 and $3,000). $5,600/.04 = $140,000.
by basspond
Tue Jun 12, 2018 3:26 pm
Forum: Personal Finance (Not Investing)
Topic: Boring Job
Replies: 64
Views: 7367

Re: Boring Job

Are you sure this isn't a test to see if you will come forward and ask for more to do? I wouldn't have someone working for me if they were hiding the fact they were slacking off 6 hours a day.
by basspond
Tue Jun 12, 2018 12:13 am
Forum: Local Chapters and Bogleheads Community
Topic: Roll Call for the Retirement Class of 2016!
Replies: 266
Views: 42513

Re: Roll Call for the Retirement Class of 2016!

I was lucky to retire a month before my dad passed away. I was able to help my mom out a lot during his last days and to help with death issues including form 706 (wishful thinking). Staying busy with volunteer work and hobbies. Found out that healthy cooking takes more time then I realized. Still h...
by basspond
Mon Jun 11, 2018 11:53 pm
Forum: Investing - Help with Personal Investments
Topic: Respectfully Looking for Advice
Replies: 20
Views: 2427

Re: Respectfully Looking for Advice

You have way to much car debt making $140k combined. I would pay off the 4.5% interest and pay off the other in a year. You might also want to go down in car. Also try to get your house paid off before you retire. Next is to take a stock on what your risk tolerance is. You were so focused on not los...
by basspond
Mon Jun 11, 2018 11:31 pm
Forum: Investing - Help with Personal Investments
Topic: Strategy for a prolonged bear market
Replies: 65
Views: 5603

Re: Strategy for a prolonged bear market

Four - five years of expenses in less volatile instruments.
by basspond
Mon Jun 11, 2018 11:28 pm
Forum: Personal Finance (Not Investing)
Topic: Why do we work?
Replies: 121
Views: 10553

Re: Why do we work?

Why did I? So I could live, support my family, support charities, and retire with dignity.
by basspond
Mon Jun 11, 2018 1:21 pm
Forum: Personal Finance (Not Investing)
Topic: What does "tap into" the Social Security trust fund mean?
Replies: 29
Views: 2384

Re: What does "tap into" the Social Security trust fund mean?

Here is the scenario. Your company has a 401k you contribute to. Your company uses your contributions to fund their business to make their earnings look better. People would be thrown in jail if the private sector does what the government does. Actually, your bank does just this and its perfectly O...
by basspond
Mon Jun 11, 2018 4:33 am
Forum: Personal Finance (Not Investing)
Topic: What does "tap into" the Social Security trust fund mean?
Replies: 29
Views: 2384

Re: What does "tap into" the Social Security trust fund mean?

Here is the scenario. Your company has a 401k you contribute to. Your company uses your contributions to fund their business to make their earnings look better. People would be thrown in jail if the private sector does what the government does.
by basspond
Sat Jun 09, 2018 7:00 pm
Forum: Personal Finance (Not Investing)
Topic: Are you including SS in your planning model? Are the benefits really that high?
Replies: 148
Views: 11663

Re: Are you including SS in your planning model? Are the benefits really that high?

My early calculations on how much I needed did not include SS, which I will claim at 62. But now I am using it to look at maximizing my withdrawals and minimizing taxes.
by basspond
Fri Jun 08, 2018 4:08 pm
Forum: Personal Finance (Not Investing)
Topic: FIREcalc vs Delayed SS
Replies: 16
Views: 759

Re: FIREcalc vs Delayed SS

Three words NPV. Like the old wise saying, a bird in hand is better then two in the bush.
by basspond
Fri Jun 08, 2018 4:04 pm
Forum: Personal Finance (Not Investing)
Topic: How much to budget for a week long vacation for 2?
Replies: 79
Views: 4465

Re: How much to budget for a week long vacation for 2?

My assumption is about $3k weekly. Some vacations will be more and some less. We live in driving distance from a cruise port so we can get a really good vacation for around $2k.
by basspond
Sat Jun 02, 2018 12:26 pm
Forum: Personal Finance (Not Investing)
Topic: 125K Spend - Would you do this ?
Replies: 53
Views: 5162

Re: 125K Spend - Would you do this ?

You are trying to fix a symptom, not the problem. Work with doctor to manage your pain. Are you still in therapy? Work with doctor to ensure if you do therapy it doesn’t aggravate the problem. My personal experience I have had back pain but no surgery. I have done exercises that have strengthened my...
by basspond
Sat Jun 02, 2018 6:16 am
Forum: Personal Finance (Not Investing)
Topic: Best Advice You Never Took
Replies: 100
Views: 13679

Re: Best Advice You Never Took

Back in the early 80s some coworkers were talking about investing in a company run by a “kid” who was building computers in his UT dorm.
by basspond
Sat Jun 02, 2018 6:10 am
Forum: Personal Finance (Not Investing)
Topic: Have $2.5M at 30, career advice needed
Replies: 49
Views: 5348

Re: Have $2.5M at 30, career advice needed

Your assumption about FIRE is correct when almost 80% of your net worth is tied up in housing that has expensive service fees. If you like your “home”, keep saving as much as you can until your house is less then 20% of your NW, then you will feel more comfortable with FIRE. Focus more on retirement...
by basspond
Fri Jun 01, 2018 12:02 pm
Forum: Personal Finance (Not Investing)
Topic: is Having more and needing less normal?
Replies: 113
Views: 8798

Re: is Having more and needing less normal?

My philosophy is the more you spend on things that should be DIY the more exponentially you will spend because now you have more free time to spend on other things.
by basspond
Thu May 31, 2018 8:25 pm
Forum: Personal Finance (Not Investing)
Topic: Profile: The Road to 1Million USD
Replies: 42
Views: 8514

Re: Profile: The Road to 1Million USD

I used a lot of different models using EXCEL to get my estimate. If you make $70k plus raises, save over 20%, allocation over 90% into equities and no long major downturns 21 years + or - 5 years.
by basspond
Wed May 30, 2018 5:26 pm
Forum: Personal Finance (Not Investing)
Topic: Bored and Anxiety from Work - What to do?
Replies: 13
Views: 2807

Re: Bored and Anxiety from Work - What to do?

What percent of your personal satisfaction do you attain from work/business/vocation/money? If it is over half or your number #1 priority then it will be tough to find anything. Think of a doctor who specializes in one field. I don’t see too many heart specialists that also deliver babies regularly.
by basspond
Mon May 28, 2018 7:15 pm
Forum: Personal Finance (Not Investing)
Topic: Please help. Private school contract woes.
Replies: 21
Views: 3325

Re: Please help. Private school contract woes.

Settle for $5k or counteroffer. If your child’s reason to not attend is a real hardship they might be more accepting. It would cost you more to fight it.
by basspond
Mon May 28, 2018 7:01 pm
Forum: Personal Finance (Not Investing)
Topic: Can we retire in 2018?
Replies: 103
Views: 8550

Re: Can we retire in 2018?

If you can live on $50k yes. Make sure you have plans in place for your 2nd career. I have a long list of things to do that I haven’t been able to do but there is next year. If you are unsure then maybe wait till the the 1st quarter of 2019. If you get vacation then you get an added bonus. Plus one ...
by basspond
Mon May 28, 2018 7:08 am
Forum: Personal Finance (Not Investing)
Topic: Lump sum versus annuity - could use your insight.
Replies: 18
Views: 2274

Re: Lump sum versus annuity - could use your insight.

To me it would be an easier decision If the annuity will generate over 40% of your funding for living expenses (annuity) or under 30% (lump sum). Anything in between could go either way.
by basspond
Wed May 23, 2018 1:35 pm
Forum: Personal Finance (Not Investing)
Topic: Need help with debt strategy
Replies: 47
Views: 2679

Re: Need help with debt strategy

First adhere to a barebones budget and keep your emergency fund balance between $1k-$2k. Second need to make sure your withholding taxes are a little less then what you owe. You want the government (us) to give you a no interest loan until your taxes are due next April. Third change from a Roth to a...
by basspond
Fri May 18, 2018 9:41 am
Forum: Investing - Help with Personal Investments
Topic: Paid off our school loans, e fund, and now what?!
Replies: 14
Views: 1228

Re: Paid off our school loans, e fund, and now what?!

15 year mortgage on new house
Don’t tie yourself to a 2nd house. Adds a lot of expenses to maintain two households.
Open Roth if you can.
Don’t look for ways to spend the student loan payments.
by basspond
Fri May 18, 2018 9:35 am
Forum: Personal Finance (Not Investing)
Topic: Best use of inherited assets to get to retirement soon
Replies: 7
Views: 1358

Re: Best use of inherited assets to get to retirement soon

From my personal experience I would pay off the house before retiring. I would sell your 50% stake in the inherited house. I have had dual ownership agreements and the emotional stress it adds outways any other benefit you might have or perceive.
by basspond
Tue May 15, 2018 6:51 am
Forum: Personal Finance (Not Investing)
Topic: Can a <median household save 1 year of expenses every year?
Replies: 158
Views: 8498

Re: Can a <median household save 1 year of expenses every year?

If the stars are aligned, it is possible. House paid off and no other debt, contribute max to 401k, generous company health care and life insurance subsidy, Children involved with inexpensive activities, don’t eat out, don’t drink or smoke, volunteer so you are not spending money for entertainment, ...
by basspond
Sun May 06, 2018 4:56 pm
Forum: Investing - Help with Personal Investments
Topic: Help with in-laws investment- 100% in stocks with 5 years left to retire
Replies: 46
Views: 3190

Re: Help with in-laws investment- 100% in stocks with 5 years left to retire

As long as one individual stock doesn’t make up more then 10% of their portfolio and they are using less then 3% of their balance for living expenses.