Search found 1486 matches

by hoops777
Tue Apr 25, 2017 9:30 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a home in the Bay Area
Replies: 28
Views: 3178

Re: Buying a home in the Bay Area

Buying a home in the Bay Area is a great idea,but not now when the market is at all time highs and with so much uncertainty in the world.Rents of course are ridiculously high as well. The commute stinks and will probably get worse.Nobody here can tell you what will make you happy,but there are no re...
by hoops777
Fri Apr 21, 2017 8:44 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe says "Goodby."
Replies: 332
Views: 33969

Re: Larry Swedroe says "Goodby."

I am beyond help but thanks Larry.It was nice to see a pro freely share their expertise.You helped a lot of people and that is something to be very proud of.
by hoops777
Sat Apr 15, 2017 9:38 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe on Understanding Different Types of Risk
Replies: 45
Views: 4889

Re: Larry Swedroe on Understanding Different Types of Risk

I am not a Swedroehead.My point was that very few financial advisors are true experts.Larry is. On the other hand,a know nothing like me can buy a simple index fund or balanced fund and maybe outperform Larry's portfolio this year.Such is the nature of investing.Over a long period of time I doubt ve...
by hoops777
Sat Apr 15, 2017 4:18 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe on Understanding Different Types of Risk
Replies: 45
Views: 4889

Re: Larry Swedroe on Understanding Different Types of Risk

There is a huge difference between being a financial advisor and being an expert financial advisor, so it pays to know the difference.Nobody is infallible,but I would be extremely confident in what Larry advised me to do and maybe not so much what the person in cubicle C at xyz wealth mgt.suggested.
by hoops777
Sat Apr 15, 2017 2:17 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe on Understanding Different Types of Risk
Replies: 45
Views: 4889

Re: Larry Swedroe on Understanding Different Types of Risk

Yes people thinking they know more than they do is really a huge issue in our society.It is a very complex problem,with many reasons contributing to it.I think a lot of it has to do with the google culture.Google something,get some basic information about something and you now can question the exper...
by hoops777
Sat Apr 15, 2017 11:11 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe on Understanding Different Types of Risk
Replies: 45
Views: 4889

Re: Larry Swedroe on Understanding Different Types of Risk

This is definitely one of the most helpful,educational and civil forums on the entire World Wide Web.Sometimes people get annoyed and impatient and sometimes egos get involved.Nothing is perfect.I hope people here appreciate how lucky they are to have someone with the knowledge of Larry Swedroe post...
by hoops777
Tue Apr 11, 2017 6:53 pm
Forum: Personal Finance (Not Investing)
Topic: SS question
Replies: 9
Views: 701

Re: SS question

Thanks for all of the replies.I have my answer. :D
by hoops777
Tue Apr 11, 2017 2:37 pm
Forum: Personal Finance (Not Investing)
Topic: SS question
Replies: 9
Views: 701

Re: SS question

So I did a little research and my full retirement age is 66 so if I am doing this right,with my benefit being about 2450 at 66 it appears that my payment at 70 will still be about 3200.
by hoops777
Tue Apr 11, 2017 2:25 pm
Forum: Personal Finance (Not Investing)
Topic: SS question
Replies: 9
Views: 701

SS question

When you go to the SS website and use the estimator,it says your payment will be xyz at 70 if you continue to make this amount of money each year. I am 65 and my projected SS at 70 is about 3240 a month.My question is how do I calculate my payment at 70 if I retire tomorrow and wait until 70 without...
by hoops777
Sun Apr 09, 2017 5:46 pm
Forum: Investing - Theory, News & General
Topic: Which Larry Portfolio variation would you choose?
Replies: 30
Views: 2889

Re: Which Larry Portfolio variation would you choose?

Thanks Theoretical.I thought I was the first :D There is an equal weight that has outperformed the traditional.I remember talking about consumer staples instead of the total market here about 4 years ago and they were lined up with their tar and feathers for me even suggesting such a thing. :D Anywa...
by hoops777
Sun Apr 09, 2017 12:44 pm
Forum: Investing - Theory, News & General
Topic: Which Larry Portfolio variation would you choose?
Replies: 30
Views: 2889

Re: Which Larry Portfolio variation would you choose?

Hey I am not a technical analysis guy.Just pointing out there is some value,no pun intended,in buying stocks in companies that supply day to day necessities through good times and bad,and of course they are defensive stocks which is why I said a very conservative investor,or in other words,someone w...
by hoops777
Sat Apr 08, 2017 11:42 am
Forum: Investing - Theory, News & General
Topic: Which Larry Portfolio variation would you choose?
Replies: 30
Views: 2889

Re: Which Larry Portfolio variation would you choose?

The more I read about small cap value and it's historical returns the more impressive it is.Here is another one that is impressive but on the opposite end of the spectrum.Consumer staples have outperformed the SP500 by a good margin the last 30 years or so with a lot more downside protection for a c...
by hoops777
Tue Apr 04, 2017 4:25 pm
Forum: Personal Finance (Not Investing)
Topic: Taxable SS Benefits
Replies: 28
Views: 2619

Re: Taxable SS Benefits

I will say that it is rather interesting how they tax SS.It is actually pretty simple if you spend a little time with it.I had never looked into it before other than hearing 85 pct was taxable,so I learned a lot and this has changed our future retirement strategy a bit.
by hoops777
Mon Apr 03, 2017 1:33 pm
Forum: Personal Finance (Not Investing)
Topic: Taxable SS Benefits
Replies: 28
Views: 2619

Re: Taxable SS Benefits

Thanks to all for your help.
by hoops777
Mon Apr 03, 2017 12:26 pm
Forum: Personal Finance (Not Investing)
Topic: Taxable SS Benefits
Replies: 28
Views: 2619

Re: Taxable SS Benefits

It appears that if you have tax free bond interest or take money out of your Roth it increases the percentage of your SS taxation?So I guess any income source all added up determines the percentage which your SS is taxed up to 85 percent. Not sure about Roth withdrawals but I saw a box for it on the...
by hoops777
Sun Apr 02, 2017 6:04 pm
Forum: Personal Finance (Not Investing)
Topic: Taxable SS Benefits
Replies: 28
Views: 2619

Re: Taxable SS Benefits

Yes we are 65 and 67,and waiting until 70 ,so I realize it can change but unless they change the tax code,it is still going to be a whole lot better than I thought.
by hoops777
Sun Apr 02, 2017 5:12 pm
Forum: Personal Finance (Not Investing)
Topic: Taxable SS Benefits
Replies: 28
Views: 2619

Re: Taxable SS Benefits

I just assumed that Calif taxed SS.Our taxes are going to be about 1/3 of what I was anticipating.I feel like retiring earlier now but I think my wife wants me out of the house :D I obviously am at the beginning stages of all this but I sure was misinformed about SS taxation.I guess that is what hap...
by hoops777
Sat Apr 01, 2017 9:39 pm
Forum: Personal Finance (Not Investing)
Topic: Taxable SS Benefits
Replies: 28
Views: 2619

Re: Taxable SS Benefits

I totally had a misunderstanding of the SS taxation.When I was researching this I was very surprised at how low the taxes were and glad to get some confirmation here.Very good news.Thanks.
by hoops777
Sat Apr 01, 2017 7:01 pm
Forum: Personal Finance (Not Investing)
Topic: Taxable SS Benefits
Replies: 28
Views: 2619

Taxable SS Benefits

Little confused and would appreciate some clarity regarding SS taxation. I am projecting our combined SS benefits to be about 62000 a year and our RMD's to start at about 36,000,and a pension annuity of 7000.Assuming this is accurate what would our federal tax be? We live in Calif so if someone has ...
by hoops777
Fri Mar 31, 2017 4:53 pm
Forum: Personal Finance (Not Investing)
Topic: Car insurance without a license
Replies: 4
Views: 441

Re: Car insurance without a license

Yes I did google it and all I could figure was it was possible if the guy was not the driver,but he is the driver.
by hoops777
Fri Mar 31, 2017 3:51 pm
Forum: Personal Finance (Not Investing)
Topic: How do credit cards with rotating categories make money for credit card companies?
Replies: 16
Views: 1437

Re: How do credit cards with rotating categories make money for credit card companies?

I might be mistaken but I remember a while back reading how profitable a company Visa is so there you go.
by hoops777
Fri Mar 31, 2017 3:49 pm
Forum: Personal Finance (Not Investing)
Topic: Car insurance without a license
Replies: 4
Views: 441

Car insurance without a license

I have a friend who has some guy working for him that does not have a drivers license but apparently has auto insurance in California.The story is he got the policy with the insurance company knowing he does not have a license.Seems impossible that a company would give a policy to someone committing...
by hoops777
Fri Mar 31, 2017 3:37 pm
Forum: Personal Finance (Not Investing)
Topic: How do credit cards with rotating categories make money for credit card companies?
Replies: 16
Views: 1437

Re: How do credit cards with rotating categories make money for credit card companies?

For every person who maximizes the benefits like Da5id there are probably 50 that carry a monthly balance.I am really just guessing here but the percentage of people who really play the cc reward game to the max is probably a very small pct.even though there are countless threads about it. I bet mos...
by hoops777
Fri Mar 31, 2017 3:25 pm
Forum: Investing - Theory, News & General
Topic: educate me on spending/cost in retirement
Replies: 27
Views: 2171

Re: educate me on spending/cost in retirement

Much better to have more than you need than the alternative.
by hoops777
Thu Mar 30, 2017 5:46 pm
Forum: Personal Finance (Not Investing)
Topic: Spousal IRA Deduction Limits for Non-Working Spouse - What am I missing?
Replies: 16
Views: 671

Re: Spousal IRA Deduction Limits for Non-Working Spouse - What am I missing?

So if a contribute my full amount to my SEP,I can put money in my retired wife's Roth, but not in her regular IRA on a tax deductible basis.
by hoops777
Tue Mar 28, 2017 11:52 am
Forum: Investing - Theory, News & General
Topic: "Designing Your "Glide Path"
Replies: 25
Views: 3139

Re: "Designing Your "Glide Path"

James22 ....an interesting post.
Makes me feel better about my refusal to buy stocks right now.
by hoops777
Mon Mar 27, 2017 2:29 pm
Forum: Personal Finance (Not Investing)
Topic: Do you have enough? How I realized yeah I do.
Replies: 75
Views: 12212

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

One of the most difficult decisions is do I put off those dream trips until we are in our early 70's or retire a bit earlier and take them in the next few years.You just never know about your future health no matter how much you exercise and eat healthy.I am certain a lot of things that get put off ...
by hoops777
Mon Mar 27, 2017 11:39 am
Forum: Personal Finance (Not Investing)
Topic: Do you have enough? How I realized yeah I do.
Replies: 75
Views: 12212

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

TheTimeLord wrote:
hoops777 wrote:The most secure you can be is to have enough without using any stocks.


Or lying on your death bed. I am pretty sure most of us will concede that control of our lives is primarily an illusion.

The way 2017 has been going I might finally be really secure faster than I had hoped :annoyed
by hoops777
Mon Mar 27, 2017 10:37 am
Forum: Personal Finance (Not Investing)
Topic: Do you have enough? How I realized yeah I do.
Replies: 75
Views: 12212

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

The most secure you can be is to have enough without using any stocks.
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: 75
Views: 12212

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: 25
Views: 3139

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: 4290

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: 57
Views: 6206

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: 25
Views: 3139

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: 57
Views: 6206

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: 54
Views: 3876

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: 690

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: 690

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: 854

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: 854

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: 1065

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: 854

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: 854

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: 854

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: 854

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: 169
Views: 15103

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: 169
Views: 15103

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: 169
Views: 15103

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: 169
Views: 15103

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

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