Search found 516 matches

by burt
Sat Apr 29, 2017 6:35 am
Forum: Personal Finance (Not Investing)
Topic: Looking For Advice - Move NY -> Tampa?
Replies: 36
Views: 2457

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: 757

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: 757

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: 3140

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: 4965

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: 12205

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: 12205

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: 5581

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: 1052

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: 3860

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: 4156

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: 4284

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: 6423

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: 12220

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: 6123

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: 101
Views: 10741

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: 2993

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: 2993

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: 12794

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: 101
Views: 10741

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: 101
Views: 10741

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: 101
Views: 10741

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: 5499

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: 11200

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: 6108

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: 2858

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: 2858

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: 3822

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: 1736

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
by burt
Sat Jan 28, 2017 7:37 am
Forum: Investing - Theory, News & General
Topic: Scott Burns is Signing Off -- He'll be missed
Replies: 25
Views: 6493

Re: Scott Burns is Signing Off -- He'll be missed

It was Scott Burns who got me started on index funds and diversification 18 years ago. He was the gateway to Vanguard, Bogleheads, and many of the investment books listed on the Boglehead reading list. I am convinced that if I hadn't discovered Scott Burns, most likely I would still be working and m...
by burt
Fri Jan 27, 2017 7:00 pm
Forum: Personal Consumer Issues
Topic: Concierge medicine Worth It????
Replies: 168
Views: 16440

Re: Concierge medicine Worth It????

Recently, after moving to a small mid-west town I started calling for a new primary care physician, who was willing to accept new patients. After 15 calls I finally found one who could see me.... 3 months later. The medical system is broken. burt Was this in general "no new patients" OR w...
by burt
Thu Jan 26, 2017 8:05 pm
Forum: Personal Consumer Issues
Topic: Concierge medicine Worth It????
Replies: 168
Views: 16440

Re: Concierge medicine Worth It????

Recently, after moving to a small mid-west town I started calling for a new primary care physician, who was willing to accept new patients.
After 15 calls I finally found one who could see me.... 3 months later.

The medical system is broken.


burt
by burt
Thu Jan 26, 2017 7:01 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford to stop working overtime?
Replies: 56
Views: 4630

Re: Can I afford to stop working overtime?

That income and you get paid overtime ?
Makes me feel bad for all the free overtime I worked over the past 40 years.

Overtime is a drug, and rehab may be necessary.

burt
by burt
Thu Jan 26, 2017 6:42 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone moved to another state for lower cost of living?
Replies: 56
Views: 6993

Re: Anyone moved to another state for lower cost of living?

Spent the first 50 years in small mid-west towns/cities. Spent the last 10 years in Houston for work. Retired last year and moved back to a small college town in the upper mid-west. Some general observations about living in a HCOL (big city) area: - Life is good if you are really loaded and can affo...
by burt
Tue Jan 24, 2017 6:19 pm
Forum: Investing - Help with Personal Investments
Topic: How to allocate 3-6 million in assets to achieve goals?
Replies: 72
Views: 7825

Re: How to allocate 3-6 million in assets to achieve goals?

OP, I'm probably in the minority of bogleheads who likes the concept of "buckets", or mental accounting, or even just putting funds in different accounts if they are to be used for specific purposes. I know many here don't subscribe to this idea but I admit to doing it myself. In your cas...
by burt
Mon Jan 23, 2017 5:52 pm
Forum: Investing - Theory, News & General
Topic: Tom Sossnof's derivative trades
Replies: 35
Views: 2110

Re: Tom Sossnof's derivative trades

Everybody thinks they are Michael Burry (The Big Short)... until they get hit.
(Paraphrased from Mike Tyson.)

burt
by burt
Mon Jan 23, 2017 5:35 pm
Forum: Investing - Theory, News & General
Topic: Tom Sossnof's derivative trades
Replies: 35
Views: 2110

Re: Tom Sossnof's derivative trades

- OTC and exchange-traded
- Common derivative contract
- Collateralized debt obligation
- Credit default swap
- Forwards
- Futures
- Mortgage-backed securities
- Options
- Swaps

After the 2008/2009 crash from which we have yet to recover.
Absolutely remarkable.

burt
by burt
Sun Jan 22, 2017 7:20 pm
Forum: Personal Finance (Not Investing)
Topic: Load up on cash - it might be one of your best investments
Replies: 53
Views: 9365

Re: Load up on cash - it might be one of your best investments

"The Great Depression: A Diary"
The diary of a young lawyer during the 1929 Great Depression.

I remember that the diary author remarked several times how he wished he had cash to take advantage of the extreme low prices for everything.

burt
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: 173
Views: 17738

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: 41
Views: 5725

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: 173
Views: 17738

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: 173
Views: 17738

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: 173
Views: 17738

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: 4743

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: 3331

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: 17377

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: 17377

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: 46
Views: 4108

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: 224
Views: 18831

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: 224
Views: 18831

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...

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