Search found 1457 matches

by hoops777
Sun Mar 26, 2017 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: Do you have enough? How I realized yeah I do.
Replies: 44
Views: 6104

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

Up to the age of 42 I never had any assets and lived month to month.My family was at the very bottom rung of middle class growing up all the way until I left home.Now at 65 I honestly have a difficult time believing that I have enough but I know that I do.I tell myself you have a paid off home in th...
by hoops777
Sun Mar 26, 2017 11:36 am
Forum: Investing - Theory, News & General
Topic: "Designing Your "Glide Path"
Replies: 22
Views: 2048

Re: "Designing Your "Glide Path"

One thing I have learned on this forum over the years is the incredible differences between what people spend,need,etc.
by hoops777
Sat Mar 25, 2017 10:32 pm
Forum: Investing - Theory, News & General
Topic: So why exactly is everyone gloomy about bonds?
Replies: 34
Views: 3673

Re: So why exactly is everyone gloomy about bonds?

I have mostly gone the cd route along with some high quality individual corp bonds.My CDs and few corp bonds are yielding about 3.5 pct which is adequate for me.I grew tired of of worrying about bond funds.All in IRA's.Also have a couple 30 year GO muni's paying 5 pct.Also have a good amount of Ibon...
by hoops777
Sat Mar 25, 2017 10:16 pm
Forum: Investing - Theory, News & General
Topic: What's your strategy for withdrawing funds in Retirement ?
Replies: 45
Views: 4068

Re: What's your strategy for withdrawing funds in Retirement ?

In other words,if you are 65 you can use your HSA to pay for Medicare premiums.
by hoops777
Sat Mar 25, 2017 12:53 pm
Forum: Investing - Theory, News & General
Topic: "Designing Your "Glide Path"
Replies: 22
Views: 2048

Re: "Designing Your "Glide Path"

I am 65 and still working.We have about 98pct of our investments in CD's,Ibonds,bond funds,mm,and a few high quality muni bonds and corp bonds. This combination is producing about 35,000 a year tax free and I will be investing most of it into stocks along with all new money the next 5 years to start...
by hoops777
Sat Mar 25, 2017 12:25 pm
Forum: Investing - Theory, News & General
Topic: What's your strategy for withdrawing funds in Retirement ?
Replies: 45
Views: 4068

Re: What's your strategy for withdrawing funds in Retirement ?

My wife and I are 67 and 65 and I have been obsessed with this lately.Our combined SS would cover our basic day to day expenses minus our taxes,unless something changes. I really like the RMD covering expenses method.Our combined RMD should begin at around 35,000 which should cover all taxes with so...
by hoops777
Fri Mar 24, 2017 5:24 pm
Forum: Personal Consumer Issues
Topic: The Sweet Spot for Yearly Car Costs
Replies: 50
Views: 2960

Re: The Sweet Spot for Yearly Car Costs

We have leased and purchased.I hate leasing because you have to worry about every little scratch,your miles and you cannot predict the market 3 years later when it is time to do it again.It is cheaper to buy and hold and less worry.If you just have to have a new car every 3 years then lease.Like mos...
by hoops777
Fri Mar 24, 2017 5:14 pm
Forum: Personal Finance (Not Investing)
Topic: Moving to the US, which CCs to get?
Replies: 16
Views: 606

Re: Moving to the US, which CCs to get?

Frustrated about not being able to get a business card for a stay at home mom??? :? :D :)
by hoops777
Fri Mar 24, 2017 5:11 pm
Forum: Personal Finance (Not Investing)
Topic: Moving to the US, which CCs to get?
Replies: 16
Views: 606

Re: Moving to the US, which CCs to get?

How to get the Companion Pass without the minimum $110k spend has been blogged about to death: Having problems getting my wife's business card approved because she is a stay at home mom.Welcome to America :D http://extrapackofpeanuts.com/southwest-companion-pass/ The current SW credit card links ar...
by hoops777
Thu Mar 23, 2017 10:47 am
Forum: Investing - Theory, News & General
Topic: Muni fund reinvest or not
Replies: 11
Views: 788

Re: Muni fund reinvest or not

Thank you.I was thinking it made sense to reinvest and drive up the principal so the income would be higher when retired.I do not think I will need the principal because our RMD's should cover our expenses in combination with SS.Of course one never knows for sure unless they have a lot more money th...
by hoops777
Thu Mar 23, 2017 9:35 am
Forum: Investing - Theory, News & General
Topic: Muni fund reinvest or not
Replies: 11
Views: 788

Re: Muni fund reinvest or not

I meant to say is it better to automatically reinvest into the fund for 5 years before taking the cash or start taking it now?
by hoops777
Thu Mar 23, 2017 9:31 am
Forum: Personal Finance (Not Investing)
Topic: How to report HSA gains in CA return? (H&R block software)
Replies: 19
Views: 869

Re: How to report HSA gains in CA return? (H&R block software)

This is great.So I had no idea Ca.HSA's.So my wife has had hers only in the HSA savings for the last 8 years without reporting it.She has earned almost nothing,a few hundred dollars or so.So what to do?
by hoops777
Thu Mar 23, 2017 9:23 am
Forum: Investing - Theory, News & General
Topic: Muni fund reinvest or not
Replies: 11
Views: 788

Re: Muni fund reinvest or not

Thanks Artsdoctor but should I reinvest the next 5 years or take the interest?
by hoops777
Wed Mar 22, 2017 3:38 pm
Forum: Investing - Theory, News & General
Topic: Muni fund reinvest or not
Replies: 11
Views: 788

Re: Muni fund reinvest or not

I am not anticipating a need to sell any funds during retirement so trying to keep it very simple.I was debating whether I should be in the longer term fund since I have plans to keep it forever.
by hoops777
Wed Mar 22, 2017 1:56 pm
Forum: Investing - Theory, News & General
Topic: Muni fund reinvest or not
Replies: 11
Views: 788

Re: Muni fund reinvest or not

Thanks.When I start taking SS my goal was to have an allocation of probably 65/35 Muni fund and total stock market in my taxable acct.My plan is to spend the muni fund interest at that point throughout the rest of my life.I may combine it with a national muni fund for diversification but still decid...
by hoops777
Wed Mar 22, 2017 12:42 pm
Forum: Investing - Theory, News & General
Topic: Muni fund reinvest or not
Replies: 11
Views: 788

Muni fund reinvest or not

So I am 5 years from taking SS at 70.I am confused about whether I should reinvest the monthly interest from my Calif intermediate tax free fund or just put them in my checking.We do not need it for current expenses and it is of course in our taxable accounts.Thanks.
by hoops777
Tue Mar 21, 2017 2:35 pm
Forum: Personal Finance (Not Investing)
Topic: "Millionaire Next Door" Net Worth Formula
Replies: 168
Views: 13685

Re: "Millionaire Next Door" Net Worth Formula

knpstr wrote:
hoops777 wrote:I honestly can care less about them.


Then you should care less about them. :mrgreen:
:beer[/quote
Easier said than done with current conditions :D
by hoops777
Tue Mar 21, 2017 1:51 pm
Forum: Personal Finance (Not Investing)
Topic: "Millionaire Next Door" Net Worth Formula
Replies: 168
Views: 13685

Re: "Millionaire Next Door" Net Worth Formula

At age 42 I had a net worth of less than 5000 dollars. The word wealthy is way too broad and futile to argue about.I will say there is a huge disconnect between people that have a good amount of money understanding those who do not as a general rule.I honestly find myself being unbelievably conserva...
by hoops777
Mon Mar 20, 2017 8:59 pm
Forum: Personal Finance (Not Investing)
Topic: "Millionaire Next Door" Net Worth Formula
Replies: 168
Views: 13685

Re: "Millionaire Next Door" Net Worth Formula

I am honestly not being sarcastic or negative but I just do not get this.I mean is it not basic common sense that the more frugal you live the more money you will save?I can guarantee you all those millionaire next door types that are 70,80 years old now never needed a brilliant PHD to tell them if ...
by hoops777
Mon Mar 20, 2017 6:05 pm
Forum: Personal Finance (Not Investing)
Topic: "Millionaire Next Door" Net Worth Formula
Replies: 168
Views: 13685

Re: "Millionaire Next Door" Net Worth Formula

I take back all of my negative comments.I just did the calculations and I am a PAW,by a wide margin!!!(honestly I do not care)
This formula is brilliant!Thank you Mr.Stanley because I now feel validated :D
by hoops777
Mon Mar 20, 2017 4:51 pm
Forum: Personal Finance (Not Investing)
Topic: "Millionaire Next Door" Net Worth Formula
Replies: 168
Views: 13685

Re: "Millionaire Next Door" Net Worth Formula

This is interesting.If one reads the posts just on this tiny thread with maybe 20 posters,and you see how inaccurate the formula is,think how great it is for all working people in America.I am certain the author is a really smart guy and has many worthwhile things to say,but this formula is not one ...
by hoops777
Mon Mar 20, 2017 10:56 am
Forum: Personal Finance (Not Investing)
Topic: "Millionaire Next Door" Net Worth Formula
Replies: 168
Views: 13685

Re: "Millionaire Next Door" Net Worth Formula

Why not use common sense and your brain instead of trying to plug in someone's formula.The whole concept of a formula like this when no 2 people have the same circumstances is just ludicrous. I will give you the Hoops formula for free! Save as much money as you can while you and your family enjoy li...
by hoops777
Sun Mar 19, 2017 4:15 pm
Forum: Personal Finance (Not Investing)
Topic: "Millionaire Next Door" Net Worth Formula
Replies: 168
Views: 13685

Re: "Millionaire Next Door" Net Worth Formula

So it is a personal choice.You can drive the same car for 20 years,not take your family on vacations,give your kids second hand everything,put an antenna up and not have cable,maybe put your kids into a public school that you do not care for but save all your money,and you get a gold star :D As far ...
by hoops777
Sun Mar 19, 2017 12:56 pm
Forum: Personal Finance (Not Investing)
Topic: "Millionaire Next Door" Net Worth Formula
Replies: 168
Views: 13685

Re: "Millionaire Next Door" Net Worth Formula

I would say home equity is very much a part of net worth.My home is paid off and worth about 750K.I believe that could be quite useful down the road if I wanted to sell it and rent or move to a low cost area.
by hoops777
Sun Mar 19, 2017 12:27 pm
Forum: Personal Finance (Not Investing)
Topic: "Millionaire Next Door" Net Worth Formula
Replies: 168
Views: 13685

Re: "Millionaire Next Door" Net Worth Formula

Yea but I still do not need some guy determining how much my net worth SHOULD be when he has no idea what my life's circumstances are.People's lives are not neat little packages.
by hoops777
Sat Mar 18, 2017 10:46 pm
Forum: Personal Finance (Not Investing)
Topic: "Millionaire Next Door" Net Worth Formula
Replies: 168
Views: 13685

Re: "Millionaire Next Door" Net Worth Formula

SMJ
What do you mean where you should be financially?Who sets the standard where we are 'supposed" to be?Is it not good enough that we work hard,save as much as we can?Do we really have to be measured?
by hoops777
Sat Mar 18, 2017 9:40 pm
Forum: Personal Finance (Not Investing)
Topic: "Millionaire Next Door" Net Worth Formula
Replies: 168
Views: 13685

Re: "Millionaire Next Door" Net Worth Formula

Homer has provided wisdom and common sense for this useless formula.I just do not understand why anyone would put any value on this.I guess there is some human emotional need to measure ourselves against some quasi standard of success or to feel more successful if we meet the numbers.
by hoops777
Sat Mar 18, 2017 6:02 pm
Forum: Investing - Help with Personal Investments
Topic: Schwab vs Vanguard
Replies: 54
Views: 10456

Re: Schwab vs Vanguard

Doc I did not know that.I have read so many posts saying you cannot buy admiral shares at Schwab that I have not yet tried.Can you buy Wellesley?
by hoops777
Sat Mar 18, 2017 5:36 pm
Forum: Personal Finance (Not Investing)
Topic: "Millionaire Next Door" Net Worth Formula
Replies: 168
Views: 13685

Re: "Millionaire Next Door" Net Worth Formula

I wonder how someone 40 knows what income they will need at 65 or 70.Most of this stuff is worthless.You should be fitting your lifestyle to the income you actually have.It is called being able to adjust.I am so tired of reading all of the &$&@&$ about well when I retire I will need 80 p...
by hoops777
Sat Mar 18, 2017 2:28 pm
Forum: Investing - Theory, News & General
Topic: 10 Reasons why Merriman dislikes Total Stock Mkt
Replies: 169
Views: 35960

Re: 10 Reasons why Merriman dislikes Total Stock Mkt

Saying owning the total market is not a strategy is quite strange.It is a simple one no doubt,but I do not remember reading where a strategy has to be complex to be a strategy.
by hoops777
Sat Mar 18, 2017 2:16 pm
Forum: Personal Finance (Not Investing)
Topic: "Millionaire Next Door" Net Worth Formula
Replies: 168
Views: 13685

Re: "Millionaire Next Door" Net Worth Formula

Why does everyone need a magic formula.Like most things it is pretty accurate if your circumstances just happen to fit the formula.Otherwise not so much.
Sells books I guess.
by hoops777
Sat Mar 18, 2017 2:10 pm
Forum: Investing - Help with Personal Investments
Topic: Schwab vs Vanguard
Replies: 54
Views: 10456

Re: Schwab vs Vanguard

Just switched to Schwab and would say it is superior to Vanguard in every way minus the buying admiral funds.
by hoops777
Sat Mar 18, 2017 11:29 am
Forum: Personal Consumer Issues
Topic: Driving Savannah to New Orleans
Replies: 17
Views: 939

Re: Driving Savannah to New Orleans

I know there is too much driving but my wife likes road trips.We have been to Charleston so it is not a priority.The reason for going back past Jacksonville to see St.Augustine 1-We are driving late at night from Jacksonville to Savannah so will see nothing going up 2-would rather see St.Augustine t...
by hoops777
Fri Mar 17, 2017 10:09 pm
Forum: Personal Consumer Issues
Topic: Driving Savannah to New Orleans
Replies: 17
Views: 939

Re: Driving Savannah to New Orleans

Thanks Watty.We have to fly SWA because of points and a companion pass.The rental car deal is dependent upon picking up at Jacksonville.Our trip is simply going to see that part of the country and my wife wants to go to NO for a few days.The first plan was Memphis to New Orleans but I was not so ent...
by hoops777
Fri Mar 17, 2017 8:47 pm
Forum: Personal Consumer Issues
Topic: Driving Savannah to New Orleans
Replies: 17
Views: 939

Re: Driving Savannah to New Orleans

No but I just checked it out.Thanks.Good info about Savannah. I think we are going to get off the plane and drive to Savannah getting there about midnight,but we will still be on Calif time which would be 9:00,so not bad. We are thinking now of driving to St.Augustine from Savannah and seeing the th...
by hoops777
Fri Mar 17, 2017 7:08 pm
Forum: Personal Consumer Issues
Topic: Driving Savannah to New Orleans
Replies: 17
Views: 939

Re: Driving Savannah to New Orleans

Sorry I was in a hurry and should have clarified some things.So if we take 16 is there anything to see?
by hoops777
Fri Mar 17, 2017 5:48 pm
Forum: Personal Consumer Issues
Topic: Driving Savannah to New Orleans
Replies: 17
Views: 939

Driving Savannah to New Orleans

We are flying into Jacksonville and flying home to California from New Orleans.We want to visit Savannah and stay overnight.Trying to figure out driving from Jacksonville to Savannah and then heading to New Orleans without retracing our route back towards Jacksonville.We have 8 days.We were going to...
by hoops777
Tue Mar 14, 2017 5:43 pm
Forum: Personal Finance (Not Investing)
Topic: To buy or rent?
Replies: 25
Views: 2075

Re: To buy or rent?

A house is not an investment,but your home,where you live.If you want to look at it strictly from a financial spreadsheet perspective then you should continue to rent your room.You should never buy a house if it is going to cause you financial hardship,but if you can afford it,it becomes a personal ...
by hoops777
Wed Mar 08, 2017 1:09 pm
Forum: Personal Finance (Not Investing)
Topic: How to finance a home addition?
Replies: 5
Views: 548

Re: How to finance a home addition?

Sounds like the right decision to keep the house based on what you said about property taxes and all.It also sounds like you really are happy with the house with the exception of the small brs.I would do the addition.As far as the financing,I will leave that to the others here more knowledgeable.
by hoops777
Wed Mar 08, 2017 12:57 pm
Forum: Investing - Theory, News & General
Topic: Rekenthaler: My Asset Allocation
Replies: 21
Views: 2122

Re: Rekenthaler: My Asset Allocation

Gkaplan you are 100 pct correct.However,if you give me the assets Warren has I will happily go 100 pct stocks :D
by hoops777
Wed Mar 08, 2017 12:55 pm
Forum: Personal Finance (Not Investing)
Topic: How much do you spend on food in a year?
Replies: 155
Views: 6915

Re: How much do you spend on food in a year?

Very interesting numbers and what a range!Just goes to show how different people are and why it is so worthless to gauge your retirement expenses vs another person generally speaking.
by hoops777
Wed Mar 08, 2017 12:36 pm
Forum: Investing - Theory, News & General
Topic: Rekenthaler: My Asset Allocation
Replies: 21
Views: 2122

Re: Rekenthaler: My Asset Allocation

More power to him.Who cares what his allocation is since it means nothing to 99.9 pct of people who have different circumstances.
by hoops777
Mon Mar 06, 2017 7:30 pm
Forum: Investing - Theory, News & General
Topic: The Ultimate Guide to Safe Withdrawal Rates: A 2000-2016 case study
Replies: 31
Views: 4303

Re: The Ultimate Guide to Safe Withdrawal Rates: A 2000-2016 case study

Anyone who retires and uses a strict 4 pct withdrawal plus inflation with no common sense flexibility and runs out of money will get no sympathy here,and I am normally a very sympathetic person.
by hoops777
Mon Mar 06, 2017 10:58 am
Forum: Personal Finance (Not Investing)
Topic: Pay ibonds taxes on interest now or later?
Replies: 22
Views: 1295

Re: Pay ibonds taxes on interest now or later?

When your i bond matures do you have to pay the tax then or can you wait a couple years until you cash it.Or does it automatically cash out?My wife has 3 10,000 bonds bought in 2002 at the 3 pct rate.I was thinking one bond a year.They have already more than doubled.
by hoops777
Sat Mar 04, 2017 7:37 pm
Forum: Personal Finance (Not Investing)
Topic: Second home or not ready
Replies: 56
Views: 4278

Re: Second home or not ready

You will probably get tired of Destin and a second home can be a headache for so many reasons,and Florida has a ton of them.You are a wealthy guy,why not travel to different places.
by hoops777
Fri Mar 03, 2017 10:35 pm
Forum: Personal Consumer Issues
Topic: Climate and happiness revisited
Replies: 111
Views: 6581

Re: Climate and happiness revisited

I can think of no other topic that just totally depends on the person,as is clearly shown here as you read the responses.
For me the climate I live in now at 65 is very important to how I feel.
by hoops777
Tue Feb 28, 2017 5:02 pm
Forum: Investing - Theory, News & General
Topic: How should people factor Social Security into their "magic number" with early retirement?
Replies: 76
Views: 5871

Re: How should people factor Social Security into their "magic number" with early retirement?

Someone over 30 years from retiring should be concerned SS will exist as it is today and also has no idea what will happen to their job or anything else.I am 65 and I am not worried about my future SS but I would be if I was 30.If I was planning on retiring early,I would only plan it if I could do i...
by hoops777
Mon Feb 27, 2017 7:12 pm
Forum: Personal Consumer Issues
Topic: Used German Luxury vs New Japanese
Replies: 89
Views: 7141

Re: Used German Luxury vs New Japanese

Case59.... don't know where you live but you were getting taken to the cleaners.
by hoops777
Mon Feb 27, 2017 2:25 pm
Forum: Personal Consumer Issues
Topic: Used German Luxury vs New Japanese
Replies: 89
Views: 7141

Re: Used German Luxury vs New Japanese

I actually like my Prius better than our BMW.It is more comfortable sitting up higher and easier to get in and out of for my 65 year old body.The BMW handles much better but the Prius is actually quicker from a standstill.For example at a red light if want to get out fast to change lanes.I had never...

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