Search found 537 matches

by burt
Thu Aug 17, 2017 6:15 pm
Forum: Personal Finance (Not Investing)
Topic: ObamaCare 2018
Replies: 50
Views: 6187

Re: ObamaCare 2018

This thread is absolutely terrifying. I am so thankful for my company retiree medical insurance.....until it goes away. Never thought I would look forward to age 65. Actionable item: If my retiree medical insurance went away, I guess I would buy a used Buick and commute to whoever had group medical ...
by burt
Thu Aug 17, 2017 5:44 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone planning on never retiring?
Replies: 115
Views: 6398

Re: Anyone planning on never retiring?

I wanted to retire at the top of my game. I think I did that... in my mind.
Didn't want someone else to tell me when my talents were sub-standard.
Call it ego, I guess.

burt
by burt
Thu Aug 17, 2017 6:51 am
Forum: Investing - Help with Personal Investments
Topic: Edward Jones to Vanguard Transfer
Replies: 6
Views: 713

Re: Edward Jones to Vanguard Transfer

If it's in a taxable account, it should be a tad more time efficient for you to sell the funds, get EJ to ACH you the money (if you get a call from their adviser, tell them you're buying a nice Mercedes or a house or something)... I agree. I just want to point out that it can be hard for some peopl...
by burt
Fri Jul 28, 2017 4:53 pm
Forum: Investing - Help with Personal Investments
Topic: 100% Stock Portfolio For Late Starter?
Replies: 35
Views: 2848

Re: 100% Stock Portfolio For Late Starter?

Let’s say you're 40 yrs. old and a first time investor with a 25 year time horizon to retire. You don't mind volatility and want to be 100% stocks for the rest of your life. You also keep a significant cash reserve (18 months to 2 years savings) in cash equivalents. What are your thoughts on this? ...
by burt
Fri Jul 28, 2017 4:43 pm
Forum: Investing - Help with Personal Investments
Topic: How to transfer out of vanguard?
Replies: 29
Views: 3003

Re: How to transfer out of vanguard?

I had a incident with my funds at vanguard that has made me loose all trust in them.... A different story in itself... But... How does one transfer funds from vanguard to say fidelity? I have a ira, roth, and a old 401k. Thanks, James Are you sure it's Vanguard's fault ? 20 years with Vanguard and ...
by burt
Wed Jul 19, 2017 5:27 pm
Forum: Personal Finance (Not Investing)
Topic: When to stop being "concerned"
Replies: 27
Views: 5435

Re: When to stop being "concerned"

Why would I be concerned about stocks going on a massive sale? 100/0 If you are in the withdrawal phase rather than the accumulation phase, your perspective changes. +1 If retired and having 100x expenses in savings, I wouldn't worry about a 50% drop in stocks lasting 20 years. The worse that could...
by burt
Sat Jun 24, 2017 5:16 pm
Forum: Personal Finance (Not Investing)
Topic: Regret early retirement/downsizing
Replies: 230
Views: 38846

Re: Regret early retirement/downsizing

From browsing this thread it seems like those who liked their work have a much tougher time adjusting to retirement than those who dreaded their work. For me... having the pain go away is satisfaction enough. (yes I know, I should have been making pizzas in a hippy community for the past 40 years.) ...
by burt
Fri Jun 23, 2017 6:08 pm
Forum: Personal Consumer Issues
Topic: Check engine light. Toyota Avalon 2006, 155K miles [safety issue?]
Replies: 65
Views: 5360

Re: Check engine light. Toyota Avalon 2006, 155K miles [safety issue?]

I love my 2010 Avalon, and will replace with another.
Advice: just take it to a reputable dealer/garage and get it checked out.

burt
by burt
Sun Jun 11, 2017 6:01 pm
Forum: Personal Finance (Not Investing)
Topic: Regret early retirement/downsizing
Replies: 230
Views: 38846

Re: Regret early retirement/downsizing

Retired at 60, 1.5 years ago. I think people overthink retirement. It's amazing how much effort (life energy) is required to put food on the table and a roof over your head. All of a sudden at age 61 I'm supposed to find purpose ?? It's a little late for that. I help my neighbors, friends and relati...
by burt
Wed May 31, 2017 6:43 am
Forum: Investing - Help with Personal Investments
Topic: Is anyone here allocated 30/70 a la Rick Ferri's "new center of gravity?"
Replies: 35
Views: 5531

Re: Is anyone here allocated 30/70 a la Rick Ferri's "new center of gravity?"

Age 61/60. Retired 1.5 years. SWR a little less than 4%. No heirs.
Plan on taking SS at FRA age 66.
25 year company pension.
30/70 stock/bond allocation.
No need to take risk... with limited ability to take risk.

burt
by burt
Thu May 25, 2017 6:22 am
Forum: Investing - Help with Personal Investments
Topic: My dad is taking Social Security at 62, why would anyone not? (If they already quit working)
Replies: 114
Views: 16005

Re: My dad is taking Social Security at 62, why would anyone not? (If they already quit working)

Regarding taking SS at age 62 or delaying until age 70. I think I may pick door #3. Delay SS until FRA (Full Retirement Age) at age 66 and enjoy the extra $700/month. edit: And who knows, maybe I want to do part time work before FRA at age 66. I most certainly would want to avoid the steep penalty f...
by burt
Sun May 21, 2017 5:22 pm
Forum: Personal Finance (Not Investing)
Topic: Question for you high net worth individuals... [real estate investments]
Replies: 82
Views: 11241

Re: Question for you high net worth individuals...

I think the way you make money on real estate is to hold it for decades. My dad bought his house in 1952 for $22,000 and sold it in 2004 for $1,600,000. After my uncle and aunt passed away, their son remarked that the house sold for $2500 over the original purchase price in 1953. This is in a rust ...
by burt
Sun May 21, 2017 4:37 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a luxury car (how dumb would it be to do this?)
Replies: 216
Views: 20092

Re: Buying a luxury car (how dumb would it be to do this?)

Ohhh hell, go for it.
I guess a luxury car is better than gambling, drugs, or short term expensive relationships. :wink:

burt
by burt
Thu May 18, 2017 6:24 pm
Forum: Personal Finance (Not Investing)
Topic: Why 20% House Down Payment?
Replies: 14
Views: 2040

Re: Why 20% House Down Payment?

Just wondering.....
Who is lending money on a house with less than 20% down?
Seems like I've seen this before.......

burt
by burt
Wed May 17, 2017 5:50 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone else agree with my logic on silicon valley housing?
Replies: 84
Views: 7826

Re: Anyone else agree with my logic on silicon valley housing?

Your logic is correct. When the music stops, someone is going to get burnt. Those most likely to get burnt are a young couple where both are educated having a family income between $200,000 and $400,000.
Just my opinion.

https://www.youtube.com/watch?v=SBjXUBMkkE8


burt
by burt
Sat May 13, 2017 6:00 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a luxury car (how dumb would it be to do this?)
Replies: 216
Views: 20092

Re: Buying a luxury car (how dumb would it be to do this?)

I always wondered why a person would buy a Porsche 911 Turbo while crawling in traffic at 30 mph.
Maybe they are making a statement... A statement, which I wouldn't want to advertise.

burt
by burt
Sat May 13, 2017 5:13 pm
Forum: Investing - Theory, News & General
Topic: When 60/40 just isn't appropriate
Replies: 182
Views: 27621

Re: When 60/40 just isn't appropriate

60/40 is Ok in retirement if... when stuff hits the fan the impact is downsizing from a Mercedes to a Buick.
It's not OK if you downsize from 3 meals a day to 1 meal a day.

I'm at 30/70 and feel pretty comfortable with that.


burt
by burt
Fri May 12, 2017 6:30 pm
Forum: Personal Finance (Not Investing)
Topic: Does Retirement Planning impact your job performance?
Replies: 68
Views: 7541

Re: Does Retirement Planning impact your job performance?

I got sick. If this didn't happen to me I would still be a prisoner to the rate race when I didn't need to be. When you have enough get out and semi-retire to something you enjoy. It's hard to leave the corporate lifestyle behind when you're in deep. Keep piling into your portfolio and let everyone...
by burt
Thu May 11, 2017 5:43 pm
Forum: Personal Finance (Not Investing)
Topic: Does Retirement Planning impact your job performance?
Replies: 68
Views: 7541

Re: Does Retirement Planning impact your job performance?

Re: "Did" Retirement Planning impact your job performance ? When working ... we were on a forced ranking system. The manager only had so many 4's and 5's (Superior performance) to give out. Therefore better to give high ratings to younger people as an incentive to motivate or retain them, ...
by burt
Sun Apr 30, 2017 5:01 pm
Forum: Personal Finance (Not Investing)
Topic: Looking For Advice - Move NY -> Tampa?
Replies: 53
Views: 4947

Re: Looking For Advice - Move NY -> Tampa?

"The correlation I was referring to is between taxes and the social safety net, not crime." For the most part homelessness, quality of education, and health care vary greatly within any state and also tend to be much more local than a statewide statistic. Certainly this is true for larger...
by burt
Sat Apr 29, 2017 6:35 am
Forum: Personal Finance (Not Investing)
Topic: Looking For Advice - Move NY -> Tampa?
Replies: 53
Views: 4947

Re: Looking For Advice - Move NY -> Tampa?

Crime is also a significant problem in Tampa. Compared to New York City, Tampa has crime rates that are significantly higher. Murder, the same rate Rape, rate is three times that of NYC Robbery, 50% higher rate Aggravated assault, more than double the rate Burglary, five times the rate Larceny, wel...
by burt
Fri Apr 28, 2017 4:31 pm
Forum: Personal Consumer Issues
Topic: Phone For Japan?
Replies: 16
Views: 1100

Re: Phone For Japan?

Be careful with unlocked phones (phone not purchased from Verizon) on the Verizon network. Verizon customer service indicated my phone (Moto 4G) is not in their system. They couldn't sign me up for international plans (Canada). The agent indicated that a Pay as You Go plan "might" work bu...
by burt
Fri Apr 28, 2017 7:52 am
Forum: Personal Consumer Issues
Topic: Phone For Japan?
Replies: 16
Views: 1100

Re: Phone For Japan?

Be careful with unlocked phones (phone not purchased from Verizon) on the Verizon network. Verizon customer service indicated my phone (Moto 4G) is not in their system. They couldn't sign me up for international plans (Canada). The agent indicated that a Pay as You Go plan "might" work but...
by burt
Sun Apr 23, 2017 5:38 pm
Forum: Personal Finance (Not Investing)
Topic: how much house can we afford? Boston area.
Replies: 50
Views: 3858

Re: how much house can we afford? Boston area.

Are you willing to move outside the city? If you can move as far as a place like Sharon, MA, then you can get a reasonable house in a price range you could likely afford. If you're willing to compromise slightly and move to Easton, Framingham, or other similar places, you can do better. My wife and...
by burt
Sat Apr 22, 2017 5:39 pm
Forum: Personal Consumer Issues
Topic: Six pack for barbecue?
Replies: 77
Views: 5926

Re: Six pack for barbecue?

Great suggestions by all.
My only advice is..... NO LIGHT BEER.

burt
by burt
Sat Apr 22, 2017 5:13 pm
Forum: Personal Consumer Issues
Topic: You can never go "home" - retirement
Replies: 85
Views: 13229

Re: You can never go "home" - retirement

What I have noticed during my working career of 40 years, is that many families move out of necessity (layoffs, plant closing, etc.) or career advancement (move or suffer). The adaptability of humans is amazing. Families will move to the worst s**holes (in country and out). They tell themselves it i...
by burt
Thu Apr 13, 2017 5:15 pm
Forum: Personal Consumer Issues
Topic: You can never go "home" - retirement
Replies: 85
Views: 13229

Re: You can never go "home" - retirement

I recently retired and came back home after 40 years. Like the OP, back to the Great Lakes. It’s a small town and the population is about the same as 50 years ago. No crime, no traffic, no car jacking, no jugging, no home breakins, no drive by’s, no snakes. The hospital where I was born is still the...
by burt
Thu Apr 06, 2017 5:40 pm
Forum: Personal Consumer Issues
Topic: Keurig Coffee Makers
Replies: 57
Views: 5983

Re: Keurig Coffee Makers

I just received an AeroPress as a holiday gift. It is a great cheap option that is also very easy to clean. If you're interested in individual cups of coffee its a great way to go. Prior I always made pour over which is another cheap easy way to make an individual cup. Both my methods involve grind...
by burt
Thu Apr 06, 2017 4:35 pm
Forum: Personal Finance (Not Investing)
Topic: Unique position
Replies: 17
Views: 1142

Re: Unique position

I have very recently found this forum, and I'm not surprised that so many people hold this philosophy. I have been studying the stock market and I am coming to the unfortunate realization that unless I get lucky, I'm probably not going to get way ahead by picking my own stocks. I will still leave a...
by burt
Sun Apr 02, 2017 5:30 pm
Forum: Investing - Help with Personal Investments
Topic: Annuities the answer for correctly timing transition to retirement?
Replies: 89
Views: 4623

Re: Annuities the answer for correctly timing transition to retirement?

Our usual recommendation in dealing with a potential bad sequence of events (market crash right before or right after retirement) is simply to reduce equity exposure when coming in for the landing--maybe 6-8 years prior to retirement. Later, you can safely increase equity exposure again. Paul That ...
by burt
Sat Apr 01, 2017 5:37 pm
Forum: Investing - Theory, News & General
Topic: Article--Vanguard's customer service takes a hit as it receives epic inflows of cash
Replies: 33
Views: 4615

Re: Article--Vanguard's customer service takes a hit as it receives epic inflows of cash

Bogleheads: I wonder why Vanguard keeps advertising for new customers. When Mr. Bogle was CEO he emphasized low-cost and quality above getting bigger. Best wishes. Taylor Who is going to be looking at Vanguard governance after Mr. Bogle is gone ? Not sure I want a CEO who is rewarded for growing th...
by burt
Mon Mar 27, 2017 5:25 pm
Forum: Personal Finance (Not Investing)
Topic: Federal pension beats high salary and savings rate? (fed vs contractor for employment)
Replies: 47
Views: 4876

Re: Federal pension beats high salary and savings rate? (fed vs contractor for employment)

With 20/20 hindsight (and now over 70) and having worked in that field, often on federal contracts, I now see folks of my age getting very, very nice federal pensions and getting health insurance benefits (for them and spouses) in retirement. An alternate career path of working for 30 years as a fe...
by burt
Mon Mar 27, 2017 4:50 pm
Forum: Investing - Help with Personal Investments
Topic: Weathering sell-off days like today
Replies: 107
Views: 7293

Re: Weathering sell-off days like today

nisiprius wrote:Oh, and a third thing: when your investments do go up, don't get to thinking you're smart, and don't get to thinking that the risk has gone away.


Very Good.
I like your statement.

burt
by burt
Sun Mar 26, 2017 5:25 pm
Forum: Personal Finance (Not Investing)
Topic: Do you have enough? How I realized yeah I do.
Replies: 75
Views: 13072

Re: Do you have enough? How I realized yeah I do.

At age 50 I set a goal to retire at age 60, hell or high water.
If that meant reducing my standard of living... so be it.
I met my goal, and am very fortunate to maintain my working standard of living.

burt
by burt
Tue Mar 21, 2017 6:00 pm
Forum: Investing - Theory, News & General
Topic: Harvard endowment beats S&P 500 by 2% a year over last 40 years
Replies: 50
Views: 6730

Re: Harvard endowment beats S&P 500 by 2% a year over last 40 years

How do you explain that? Probably, taking more risk than the S&P 500 and making investments that are less liquid than the S&P 500. You would expect to be compensated for both. Investments that are appropriate for Harvard are probably not appropriate for me. Harvard does not plan to retire a...
by burt
Tue Mar 21, 2017 5:38 pm
Forum: Personal Finance (Not Investing)
Topic: Early Retirement - what to do about healthcare?
Replies: 228
Views: 25678

Re: Early Retirement - what to do about healthcare?

Yup. We hear about long wait times in other countries while forgetting that in the United States some people get treated sooner, but others wait literally forever because they can't afford it. In my area you just wait because of appointment availability. I never had to wait more than a day in Belgi...
by burt
Sun Mar 19, 2017 5:41 pm
Forum: Personal Consumer Issues
Topic: moving from landscaper/snow plower to diy in retirement
Replies: 44
Views: 3396

Re: moving from landscaper/snow plower to diy in retirement

Recently retired and moved to a small house in the upper mid-west. I bought a self-propelled walking mower and a snow blower. Lawn may take 2 hours, snow removal may take 1-1/2 hours. I do it for exercise. I also like helping the neighbors when the snow is deep. I don't do this in one shot. I take b...
by burt
Sun Mar 19, 2017 5:18 pm
Forum: Personal Consumer Issues
Topic: moving from landscaper/snow plower to diy in retirement
Replies: 44
Views: 3396

Re: moving from landscaper/snow plower to diy in retirement

Retiring at 60, you should be interested in exercise, and mowing the lawn and plowing the driveway in fresh air is great exercise. Since you want to have exercise several times a week, you need to break up that yardwork and use a walk-behind mower for the lawn. But, I like yardwork for all those he...
by burt
Sun Mar 19, 2017 4:35 pm
Forum: Personal Finance (Not Investing)
Topic: Paying $20 to E-File State Return
Replies: 75
Views: 13488

Re:

It's crazy. The IRS has perfectly good wires going to it, and they manage to accept payments and send refunds over those wires, why can't they directly accept the returns themselves? Because the powerful software industry lobbied successfully to prevent the IRS (i.e. the federal government) from &q...
by burt
Sun Mar 19, 2017 3:22 pm
Forum: Personal Finance (Not Investing)
Topic: Early Retirement - what to do about healthcare?
Replies: 228
Views: 25678

Re: Early Retirement - what to do about healthcare?

Regarding "USA having one of the longest life expediencies in the world." USA appears to be #31. https://en.wikipedia.org/wiki/List_of_countries_by_life_expectancy OK. That's the page I was looking at too, but I was looking at the graph at the top of the page. Not all countries are shown ...
by burt
Sat Mar 18, 2017 6:13 pm
Forum: Personal Finance (Not Investing)
Topic: Early Retirement - what to do about healthcare?
Replies: 228
Views: 25678

Re: Early Retirement - what to do about healthcare?

The system cannot be fixed until medical "COSTS" are addressed. Our Medical System is broken. EVERY country in the world has cheaper health care than the US... by a significant margin. https://en.wikipedia.org/wiki/List_of_countries_by_total_health_expenditure_per_capita But this should b...
by burt
Thu Mar 16, 2017 5:28 pm
Forum: Personal Finance (Not Investing)
Topic: Early Retirement - what to do about healthcare?
Replies: 228
Views: 25678

Re: Early Retirement - what to do about healthcare?

I could not have retired at age 60 without retiree health insurance provided by my employer (mega corp). This benefit could go away at anytime as decided by the employer. If that's the case, I will have to go back to work part time... just to pay for health insurance. The system cannot be fixed unti...
by burt
Fri Feb 24, 2017 7:03 pm
Forum: Personal Finance (Not Investing)
Topic: Check Your Beneficiaries!
Replies: 56
Views: 5834

Re: Check Your Beneficiaries!

For many people, the designation of beneficiaries might be more important than their will. It might control the disposition of larger, even much larger amounts of money. +1 "For many people, the designation of beneficiaries might be more important than their will." My investments are wort...
by burt
Sun Feb 19, 2017 6:49 am
Forum: Investing - Help with Personal Investments
Topic: Who would quit playing if they already won?
Replies: 106
Views: 12251

Re: Who would quit playing if they already won?

This is the most meaningless, and sad, phrase I hear on this website - as if people just spend their working lives, and their pastime, in the robotic accumulation of wealth, so they can quit their dreaded occupation, and investing once they "have theirs" Many I believe work and invest for...
by burt
Wed Feb 15, 2017 6:52 pm
Forum: Investing - Help with Personal Investments
Topic: Is it reasonable to have 100% in the stock market?
Replies: 58
Views: 6627

Re: Is it reasonable to have 100% in the stock market?

The bottom line, as you might gather, is that it is possible for it to be reasonable and also possible for it to be most unwise. You should be looking for a little more knowledge about what might happen and what makes sense for you. +1 Go 60/40 stock/bond. Forget maximizing return on investments (r...
by burt
Wed Feb 15, 2017 6:00 pm
Forum: Investing - Help with Personal Investments
Topic: How & when to sell lots of a single stock with huge capital gains
Replies: 40
Views: 3262

Re: How & when to sell lots of a single stock with huge capital gains

Taxes are a fact of life. Even if they paid 30% in taxes, they are still up thousands of % from "pennies per share". True dat! I sold some VTSMX that I had since the mid-90s. It had a nice ride and I don't mind paying taxes on the capital gains. +1 I worked 40 years paying taxes on labor ...
by burt
Tue Feb 14, 2017 7:13 pm
Forum: Investing - Help with Personal Investments
Topic: How & when to sell lots of a single stock with huge capital gains
Replies: 40
Views: 3262

Re: How & when to sell lots of a single stock with huge capital gains

Taxes are a fact of life. Even if they paid 30% in taxes, they are still up thousands of % from "pennies per share". Hold it, give it away, pair some with losses, sell some and pay the tax, sell all and pay the tax. It is a good problem and paying some tax should not prevent them from mak...
by burt
Thu Feb 02, 2017 8:16 am
Forum: Personal Finance (Not Investing)
Topic: Should I say YES or NO to this new job responsibility?
Replies: 44
Views: 4116

Re: Should I say YES or NO to this new job responsibility?

I have 3 hours a day min of commuting. Not too sympathetic to the "10-15 min extra commute time". Sounds like a petty complaint unless you already have a very long commute. Do what you can tolerate in terms of hours and locations, based on your ability and personal circumstances. But it s...
by burt
Sun Jan 29, 2017 6:42 pm
Forum: Personal Finance (Not Investing)
Topic: Investment property to help my family?
Replies: 23
Views: 1885

Re: Investment property to help my family?

Just give BIL $20,000 loan at 0% interest.
Do not ever expect this to be paid back and consider it a gift from day one.
You now have a great excuse for not lending(giving) more money in the future.

problem solved...forever.

burt