Search found 478 matches

by burt
Thu Jan 19, 2017 6:39 pm
Forum: Investing - Theory, News & General
Topic: "Millennials may need to double how much they save for retirement"
Replies: 164
Views: 14113

Re: "Millennials may need to double how much they save for retirement"

How does a human being spend $30 a day on coffee? Do they buy 10 cups then throw out the other 9? $30 sounds high but there are plenty of drinks at Starbucks that are over $5 with tax and I know several people who drink three a day. Just how overweight are they drinking that many calories per day? ...
by burt
Wed Jan 18, 2017 6:48 pm
Forum: Personal Consumer Issues
Topic: Biting the bullet and getting off the roof.
Replies: 30
Views: 3295

Re: Biting the bullet and getting off the roof.

My suggestion is to just hire someone each Fall, after the leaves come down. My guy charges $100 and is well worth it. This is what I do - every fall I pay a lawn guy to come out and de-leaf my lawn and gutters, and power wash the north side of my house which accumulates green stuff on the siding. ...
by burt
Tue Jan 17, 2017 7:03 pm
Forum: Investing - Theory, News & General
Topic: "Millennials may need to double how much they save for retirement"
Replies: 164
Views: 14113

Re: "Millennials may need to double how much they save for retirement"

But if you read the article closely you'll see that new graduates graduated with an average of $35,000 in debt. I read the article and looked up Mark Kantrowitz who gave that figure. I think we all know what Fake News is and need more than a quickie on MarketWatch to get our facts straight. I would...
by burt
Tue Jan 17, 2017 6:26 pm
Forum: Investing - Theory, News & General
Topic: "Millennials may need to double how much they save for retirement"
Replies: 164
Views: 14113

Re: "Millennials may need to double how much they save for retirement"

Wondering...

Are Millennials not saving enough or are they not making enough ?
(Wages have not kept pace with productivity since the 70's)

burt
by burt
Mon Jan 16, 2017 8:10 am
Forum: Investing - Theory, News & General
Topic: "Millennials may need to double how much they save for retirement"
Replies: 164
Views: 14113

Re: "Millennials may need to double how much they save for retirement"

It's hard to imagine an equivalent generational market trend that would distribute as much wealth into the pockets of millennials, but I admit it's possible. Maybe millennials will inherit more from their parents than the previous generation? Yes, I think they will, and I think it will become an in...
by burt
Mon Jan 16, 2017 7:16 am
Forum: Investing - Theory, News & General
Topic: Retired, expenses covered but still growing portfolio, why?
Replies: 46
Views: 4311

Re: Retired, expenses covered but still growing portfolio, why?

The stock market has been on a big bull run lately, so somebody who retired in the last 5-10 years has probably seen their portfolio grow even if they are taking distributions from it. But that trend can and eventually will reverse. If the market drops 20% this year and you're mostly in stocks, you...
by burt
Fri Jan 13, 2017 7:19 pm
Forum: Personal Finance (Not Investing)
Topic: Stay in paid-off starter house vs. dream house+work a few more years
Replies: 51
Views: 3079

Re: Stay in paid-off starter house vs. dream house+work a few more years

Think about income leveling.
Maintaining the same lifestyle in retirement as when working.
Sounds like you might be able to bump up your working lifestyle... unless you might want to retire at 50.

burt
by burt
Fri Jan 13, 2017 6:46 pm
Forum: Personal Finance (Not Investing)
Topic: Best Financial Moves You've Made
Replies: 141
Views: 15011

Re: Best Financial Moves You've Made

Got a physics PhD just as Nixon laid off 2000 from NASA in the early 1970s :oops: Best move was to join the oil industry! :mrgreen: Always lived well below our means, saving >30% of income. Next best move was to purchase 3 houses on different continents using 90% mortgages at age 31. Two worked out...
by burt
Thu Jan 12, 2017 6:56 pm
Forum: Personal Finance (Not Investing)
Topic: Best Financial Moves You've Made
Replies: 141
Views: 15011

Re: Best Financial Moves You've Made

primetime5 wrote:#1 Pay tithing .


That's a good one. "wink" :wink:

burt
by burt
Thu Jan 12, 2017 6:37 pm
Forum: Personal Finance (Not Investing)
Topic: Inquiring about family finances?
Replies: 45
Views: 3367

Re: Inquiring about familiy finances?

A highly compensated retiree from MegaCorp likely has the kind of generous pension that most people could only dream of. He will also be eligible for a high Social Security payment when the time comes. He very likely can maintain his pre-retirement spending level (which is different from drawing hi...
by burt
Thu Jan 12, 2017 4:59 pm
Forum: Investing - Theory, News & General
Topic: How Bad was 2008, really?
Replies: 189
Views: 12063

Re: How Bad was 2008, really?

In case this hasn't been mentioned, seeing people getting laid off left and right made me really nervous about my job. +1 x 10 25% of my building was layed off. About 125 people. 125 families were impacted including children and spouses. Very, very sad. Many are now working... but far from being re...
by burt
Wed Jan 11, 2017 4:55 pm
Forum: Investing - Theory, News & General
Topic: How Bad was 2008, really?
Replies: 189
Views: 12063

Re: How Bad was 2008, really?

Tell you the truth, I am not sure I would want to work for the company. Prior compensation is not germaine to present. I am not sure if it is germane or not. Most companies seem to use prior salary as a baseline so they know what to offer an applicant. On the other hand, I think I read a couple sta...
by burt
Mon Jan 09, 2017 6:37 pm
Forum: Personal Finance (Not Investing)
Topic: Best Financial Moves You've Made
Replies: 141
Views: 15011

Re: Best Financial Moves You've Made

#2. Buying a small home and staying put. Small home= small expenses. Ohhh how I wish I was able to do that. I would be "setting pretty" if I was living in my first house for the past 40 years. House would have been paid off at age 40. Job changes, lay offs, relocation's, are darn expensiv...
by burt
Sat Jan 07, 2017 5:04 pm
Forum: Investing - Help with Personal Investments
Topic: Anybody else Age - 10 in bonds, rest in stocks
Replies: 58
Views: 3865

Re: Anybody else Age - 10 in bonds, rest in stocks

Age +10 in bonds.
Recently retired and a bad "Sequence of Returns" freaks me out.

(The compound interest/inflation math works in reverse when withdrawing from assets).

burt
by burt
Fri Jan 06, 2017 8:22 am
Forum: Personal Finance (Not Investing)
Topic: Experience selling car to Carmax?
Replies: 42
Views: 5214

Re: Experience selling car to Carmax?

Inframan4712 wrote:
sambb wrote:Have sold to Carmax. Good experience. Saves time. I like the process.


+1


Same here. Good experience. Headache car was gone and I had a check in my hand within 90 minutes. Uber took me back home.

burt
by burt
Wed Jan 04, 2017 7:14 pm
Forum: Personal Finance (Not Investing)
Topic: Difference between HCOL and LCOL [High and Low Cost of Living]
Replies: 35
Views: 2968

Re: Difference between HCOL and LCOL

Retired last year and moved to LCOL area.

- no traffic
- no crime
- no commute
- no noise
- housing 1/3 of HCOL
- I know my neighbors.
- lower stress
- more exercise. can walk anywhere.

Goodness, the cost of access to restaurants, sports, and maybe an opera.

burt
by burt
Wed Jan 04, 2017 5:39 pm
Forum: Investing - Theory, News & General
Topic: Champion of 401K Lament the Revolution they Started
Replies: 75
Views: 4500

Re: Champion of 401K Lament the Revolution they Started

Unfortunately the general public is very uneducated about investments. There is no problem with the 401k, there is a savings rate problem. The general public spends more time on vacation planning than financial planning. Mandatory savings similar to Australia may be the key. (Some will complain abo...
by burt
Tue Jan 03, 2017 7:38 pm
Forum: Investing - Theory, News & General
Topic: Bernstein-"To Make Money They Didn't Need".....and Pascal's Wager
Replies: 187
Views: 18476

Re: Bernstein-"To Make Money They Didn't Need".....and Pascal's Wager

tekenn wrote:I am a low volume poster from Canada.
I always go back to Jim Otar..Unveiling the Retirement Myth


I'm a big fan of Jim Otar.
I'm in the grey area and will most likely be purchasing a single premium immediate annuity as age approaches 65.

burt
by burt
Fri Dec 30, 2016 6:41 pm
Forum: Investing - Theory, News & General
Topic: Bernstein-"To Make Money They Didn't Need".....and Pascal's Wager
Replies: 187
Views: 18476

Re: Bernstein-"To Make Money They Didn't Need".....and Pascal's Wager

[/quote] Finally!! The most intelligent thoughts I think I've ever read on the "willingness, ability, and need" to take risk. Larry, thank you very much for such an instructive post. I am grateful for your contributions to this forum.[/quote] ++1 I reached my goal. I have enough. I have no...
by burt
Thu Dec 29, 2016 5:57 am
Forum: Investing - Theory, News & General
Topic: Remember what it was like before the recession?
Replies: 81
Views: 8117

Re: Remember what it was like before the recession?

What was it like before the recession ? From my experience the 80's and 90's were good. I had optimism (maybe due to youth). A layoff in 98 was easily handled with a new job within 4 weeks. We were happy. The 9/11/01 layoff was tough. Companies freaked and immediately stopped capital spending. I en...
by burt
Wed Dec 28, 2016 6:44 pm
Forum: Investing - Theory, News & General
Topic: Remember what it was like before the recession?
Replies: 81
Views: 8117

Re: Remember what it was like before the recession?

What was it like before the recession ? From my experience the 80's and 90's were good. I had optimism (maybe due to youth). A layoff in 98 was easily handled with a new job within 4 weeks. We were happy. The 9/11/01 layoff was tough. Companies freaked and immediately stopped capital spending. I end...
by burt
Sat Dec 17, 2016 7:15 pm
Forum: Personal Consumer Issues
Topic: Personal fulfillment in retirement
Replies: 35
Views: 4548

Re: Personal fulfillment in retirement

Fulfillment ?
Heck, I'm satisfied just to have the pain go away. Stress, headaches, relocation, layoffs, free OT, etc.
Reminds me of the young North Korean boy who escaped. He only experienced hunger his entire life.
Retirement is probably tougher for those who liked their jobs.

burt
by burt
Sat Dec 17, 2016 6:27 pm
Forum: Personal Finance (Not Investing)
Topic: Need Help: Drowning in Debt
Replies: 60
Views: 5768

Re: Need Help: Drowning in Debt

Making good money in a High Cost of Living area doesn't do much for future financial independence. It takes huge money to shield yourself from city problems such as traffic, crime, poor schools, and obscene real estate prices. (yes, the restaurants, and night life are excellent.) Just an observation...
by burt
Mon Dec 05, 2016 7:04 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement with $8M in investments
Replies: 164
Views: 19033

Re: Retirement with $8M in investments

Everything is relative. Spent most of my life in small towns in the mid-west. Decent income maybe in the top 20% and I felt fortunate. Moved to the big city at the end of my career and man....did I feel like a rube. I had no idea how many ways people could piss away money. Spending money was enterta...
by burt
Fri Nov 25, 2016 5:40 pm
Forum: Investing - Help with Personal Investments
Topic: Thoughts on AA for the retired
Replies: 44
Views: 5182

Re: Thoughts on AA for the retired

Age 60 and 1 year into retirement.
30 stock/70 bond.
Modest savings for a modest lifestyle.
A bad sequence of returns in early retirement would result in painful years down the road.

burt
by burt
Fri Nov 25, 2016 5:31 pm
Forum: Investing - Help with Personal Investments
Topic: Help with son's 2055 Target fund vs my construct
Replies: 15
Views: 1286

Re: Help with son's 2055 Target fund vs my construct

livesoft wrote:My kids are invested in Target Retirement funds so that they don't have to think about it and neither do I.


Very Good.
I like your response and it gave me a chuckle.

burt
by burt
Wed Nov 23, 2016 6:42 pm
Forum: Investing - Help with Personal Investments
Topic: Which single fund to invest in for widow?
Replies: 20
Views: 2424

Re: Which single fund to invest in for widow?

Grt2bOutdoors wrote:Single Premium Immediate Annuity.
If there is anything left after needs, Target Retirement Income. Or....just Target Retirement Income.


Very good.
Single Premium Immediate Annuity for essential needs.
What's left over... evaluate suggestions by others.

burt
by burt
Mon Nov 21, 2016 6:06 pm
Forum: Personal Finance (Not Investing)
Topic: Double Check Figures: Affording $1M Home
Replies: 81
Views: 7043

Re: Double Check Figures: Affording $1M Home

The numbers from all previous posts blow my mind.
Hard work, high costs, high stress.
I suggest concentrating on the quality of life.

burt
by burt
Sat Nov 05, 2016 8:02 am
Forum: Personal Finance (Not Investing)
Topic: Why do people use banks?
Replies: 66
Views: 6351

Re: Why do people use banks?

After the 2008-2009 debacle, I just don't trust big banks.
The recent Wells Fargo crime supports my belief.
I've been a credit union member for 30+ years.

burt
by burt
Fri Oct 28, 2016 6:05 am
Forum: Investing - Theory, News & General
Topic: The riskiness of home ownership
Replies: 239
Views: 16133

Re: The riskiness of home ownership

The median American stays in their home for 5.9 years. 6% commissions + all the other stuff needed to buy a house -- I think the proper response is ouch. Seems like "they" need high investment returns to keep up with the churn. This is where the risk is. The average American has a much hi...
by burt
Sat Oct 22, 2016 5:43 pm
Forum: Personal Consumer Issues
Topic: Replacement Windshield Wiper Blades
Replies: 38
Views: 3120

Re: Replacement Windshield Wiper Blades

Update: Went to auto parts store #1. Sales person entered my auto (2010 Toyota Avalon) into the computer and asked to look at the auto. I didn't feel confident at this point. Sales person indicated that they only had Trico blades in stock. I told him of my bad experience with Trico and proceeded to ...
by burt
Sat Oct 22, 2016 6:08 am
Forum: Personal Consumer Issues
Topic: Replacement Windshield Wiper Blades
Replies: 38
Views: 3120

Re: Replacement Windshield Wiper Blades

Thanks for the feedback.

I didn't return the blades because I lost the receipt. :-(
A streaky windshield drives me nuts, especially when driving in heavy traffic.
Rubber degrades with age (like tires). I replace wiper blades at least annually.

burt
by burt
Fri Oct 21, 2016 6:21 pm
Forum: Personal Consumer Issues
Topic: Replacement Windshield Wiper Blades
Replies: 38
Views: 3120

Replacement Windshield Wiper Blades

Wondering if anyone has a preference for automobile windshield wiper blades. Just purchased Trico Flex blades. Spent 30 minutes trying to figure out the instructions. (Supposedly the blades fit 6 options of arms.) Spent another 30 minutes trying to force the blades into the wiper arms. I gave up and...
by burt
Sun Sep 11, 2016 7:08 pm
Forum: Investing - Help with Personal Investments
Topic: Opinions of the Couch Potato Retirement Portfolio
Replies: 9
Views: 1210

Re: A simple retirement portfolio

In Ben Stein's book YES, YOU CAN STILL RETIRE COMFORTABLY he recommends the couch potato portfolio for retirement, which is basically 50% of your money in a total stock index and 50% in a total bond index. He also offers a slightly refined version which is 25% total U.S. bond market index, 25% tota...
by burt
Sat Sep 10, 2016 7:17 pm
Forum: Investing - Help with Personal Investments
Topic: Why are Treasury prices AND Stock prices both down today?
Replies: 45
Views: 4575

Re: Why are Treasury prices AND Stock prices both down today?

If money is coming out of stocks and not going into bonds, where is it going? The mental model that market assets move up and down in price due to money moving elsewhere is not correct, in spite of what market commentators like to say. After all, an asset isn't just "sold", it's at the sa...
by burt
Fri Sep 09, 2016 7:55 pm
Forum: Investing - Help with Personal Investments
Topic: Why are Treasury prices AND Stock prices both down today?
Replies: 45
Views: 4575

Re: Why are Treasury prices AND Stock prices both down today?

... If money is coming out of stocks and not going into bonds, where is it going? Money does not have to go anywhere when Mr. Market changes his mind about what prices should be. Very good. Kind of like houses similar to yours selling for $500,000 last year now selling for $450,000 this year. Where...
by burt
Sat Aug 27, 2016 6:32 pm
Forum: Personal Finance (Not Investing)
Topic: Fear and Trembling (Aug. 31st is my last day at work)
Replies: 77
Views: 9830

Re: Fear and Trembling (Aug. 31st is my last day at work)

Throughout history even Kings retire. By their choice, or the choice of others.
Don't fight it.

burt
by burt
Fri Aug 26, 2016 6:21 pm
Forum: Personal Finance (Not Investing)
Topic: Homeowners should consider flood insurance
Replies: 78
Views: 7099

Re: Homeowners should consider flood insurance

Recently bought a retirement home.
The home is not in a flood area so flood insurance is not required.
Nobody has any memory of this area ever flooding.

After the Louisiana floods..... I'm buying flood insurance.

burt
by burt
Fri Aug 26, 2016 5:35 pm
Forum: Investing - Theory, News & General
Topic: "How to Tell if Your Retirement Nest Egg Is Big Enough"
Replies: 61
Views: 14086

Re: "How to Tell if Your Retirement Nest Egg Is Big Enough"

Taylor, thanks for reminding people of this article. I recently retired at age 60 with a modest income over 40 years and modest savings. A bad sequence of returns is a big deal for me. 30/70 stock/bonds is my sleep well at night point. Just want to make sure I can afford a restaurant once a week. burt
by burt
Sun Aug 21, 2016 5:12 pm
Forum: Personal Consumer Issues
Topic: The True Cost of Owning a Dog
Replies: 175
Views: 12887

Re: The True Cost of Owning a Dog

We are empty nesters now, and if it weren't for our rescue pit, we would have an apartment in NYC. I don't think she'd like that, so we stay here in the suburbs. I have no idea what price tag to put on that, but it is worth it when she curls up with us to watch TV in the evening. She's not a very h...
by burt
Sat Aug 20, 2016 6:57 pm
Forum: Personal Consumer Issues
Topic: Instant oatmeal vs "regular" oatmeal
Replies: 76
Views: 6687

Re: Instant oatmeal vs "regular" oatmeal

Another reason to eat Oatmeal. burt "So, why are there no GMO oats? There are a bunch of reasons, but the main one is, not surprisingly, money. There simply aren’t enough oat farmers in the world, or enough oats grown, to create sufficient demand to justify the incredibly expensive research tha...
by burt
Sat Aug 20, 2016 6:40 pm
Forum: Personal Consumer Issues
Topic: The True Cost of Owning a Dog
Replies: 175
Views: 12887

Re: The True Cost of Owning a Dog

The vet remarked that our dog (6 years old) is one of the few they see with no health problems. We attribute this to a good healthy diet. Dogs, like people require good food for good health. Don't be cheap on dog food, or you will pay expensive health bills down the road. Nonsense. We have 2 dogs o...
by burt
Fri Aug 19, 2016 8:02 am
Forum: Personal Consumer Issues
Topic: Has your workplace transitioned to "open/collaborative space?"
Replies: 85
Views: 8546

Re: Has your workplace transitioned to "open/collaborative space?"

I found it amusing when my department wanted to physically pull the project team together to improve collaboration, and productivity. However with half of the project team located 5000 miles away with 11 hours time zone difference, that didn't seem to be an issue because they worked much cheaper tha...
by burt
Thu Aug 18, 2016 7:27 pm
Forum: Personal Consumer Issues
Topic: Has your workplace transitioned to "open/collaborative space?"
Replies: 85
Views: 8546

Re: Has your workplace transitioned to "open/collaborative space?"

My previous employer (big 4 CPA firm) was transitioning all of its offices to this new style office. It allows the company to reduce the size of the office and cram more people into less space. At the end of the day, the public accounting industry doesn't care what its employees think and was reduc...
by burt
Thu Aug 18, 2016 7:51 am
Forum: Personal Consumer Issues
Topic: The True Cost of Owning a Dog
Replies: 175
Views: 12887

Re: The True Cost of Owning a Dog

The vet remarked that our dog (6 years old) is one of the few they see with no health problems.
We attribute this to a good healthy diet.
Dogs, like people require good food for good health.
Don't be cheap on dog food, or you will pay expensive health bills down the road.
by burt
Sun Aug 14, 2016 7:37 pm
Forum: Personal Consumer Issues
Topic: What does the BH community do with their pets when they travel?
Replies: 60
Views: 3627

Re: What does the BH community do with their pets when they travel?

We will be doing a 1200 mile move in the near future. Flying is out of the question because wife does not trust airlines with the little dog. OK, we will drive. When making hotel reservations noticed that "pet friendly" hotels seem to be pretty pricey. That's OK. We do what ever is needed ...
by burt
Sun Aug 14, 2016 6:30 pm
Forum: Personal Consumer Issues
Topic: Are you on Facebook?
Replies: 144
Views: 9540

Re: Are you on Facebook?

No I am not on Facebook. Talked to others who are.... and confirmed I have no interest.

edit:
Pretty sure I don't want to know the minutia of acquaintances.
The small group of people I'm close to use face to face, phone call, text, email, and postal service.

burt
by burt
Sun Aug 14, 2016 6:20 pm
Forum: Personal Consumer Issues
Topic: Request for recommendations: English Mystery TV series
Replies: 82
Views: 5594

Re: Request for recommendations: English Mystery TV series

I really enjoyed "Happy Valley" and "Last Tango in Halifax" with Sarah Lancashire.

burt
by burt
Sat Aug 13, 2016 6:02 pm
Forum: Personal Finance (Not Investing)
Topic: Pre-nup questions
Replies: 35
Views: 4539

Re: Pre-nup questions

Their lives would be much simpler if they did not get married, it seems to me. They could do powers of attorney for healthcare, etc. +1 At that age ? There is no good reason for them to get married. Romance and finances don't mix. Maybe write a $250,000 check and see what happens. Cheap insurance. ...
by burt
Sat Aug 13, 2016 5:43 pm
Forum: Personal Finance (Not Investing)
Topic: Better to sell house ~ every 15 years?
Replies: 40
Views: 5121

Re: Better to sell house ~ every 15 years?

Unless you are lucky and find yourself in a fairly hot market, you'd probably have trouble selling a house with a 15 year old roof, HVAC, paint and carpet. Selling houses is easy in any market. You just have to price it right. Somebody will jump on that unmaintained house because it lists for 50k l...

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