Search found 253 matches

by invst65
Thu May 25, 2017 4:54 pm
Forum: Investing - Help with Personal Investments
Topic: Avoiding Taxes with RMD
Replies: 36
Views: 3366

Re: Avoiding Taxes with RMD

Before I even knew what an RMD was I inadvertently did something to reduce mine. I married a woman 17 years younger than me. If your spouse is > 15 years younger than you, the percentage you have to take out is less. It's a double-edged sword however because now she is still working while I'm retire...
by invst65
Mon May 22, 2017 4:16 pm
Forum: Personal Consumer Issues
Topic: To auto loan or not to auto loan?
Replies: 23
Views: 1308

Re: To auto loan or not to auto loan?

To me it looks like a choice between two bad things. So which one feels worse... 1.) Your portfolio instantly drops by $45k when the check clears. 2.) You go $45k into debt as soon as you sign the papers. Of course, you will get the pleasure of driving a new car in exchange for whichever one you cho...
by invst65
Mon May 15, 2017 11:10 am
Forum: Personal Consumer Issues
Topic: Check engine light. Toyota Avalon 2006, 155K miles [safety issue?]
Replies: 29
Views: 1963

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

I was on my way to Alaska when the check engine light came on in my Dodge Ram van. After spending a lot of money trying to fix it to no avail I drove all the way from Tampa to Alaska and back with the light on with no further problems. The light on my Hyundai Elantra has now been on constantly for 8...
by invst65
Mon May 15, 2017 11:00 am
Forum: Personal Finance (Not Investing)
Topic: Doctor wants Social Security number
Replies: 48
Views: 4523

Re: Doctor wants Social Security number

Your doctor is probably the last person you'd worry about stealing your identity but that's exactly what happened to a cousin of mine. The doctor eventually went to jail but not before causing years of grief.
by invst65
Sat Apr 29, 2017 10:55 pm
Forum: Investing - Help with Personal Investments
Topic: How to hold cash at Fidelity
Replies: 13
Views: 1811

Re: How to hold cash at Fidelity

I use FSBAX a short term UST bond fund for cash in all my Fidelity accounts.
by invst65
Sun Apr 16, 2017 8:53 pm
Forum: Personal Finance (Not Investing)
Topic: New car...finance or not?
Replies: 17
Views: 1466

Re: New car...finance or not?

I wouldn't finance. Being financially independent to me means not having to pay monthly installments. Being financially independent to me means you have options that other people don't have, like being able to take advantage of a low interest car loan if it works in your favor. The OP doesn't "...
by invst65
Sun Apr 16, 2017 10:19 am
Forum: Personal Finance (Not Investing)
Topic: New car...finance or not?
Replies: 17
Views: 1466

Re: New car...finance or not?

Personally, if I thought financing worked in my favor I wouldn't hesitate to do it. I'm planning on buying a new car this year too using a reserve of cash that's currently earning about .1 percent. If I happen to run across a zero percent loan offer I will probably take it. But if you're going to la...
by invst65
Fri Apr 14, 2017 5:44 pm
Forum: Personal Finance (Not Investing)
Topic: Best Online Banking for Youngster
Replies: 19
Views: 1360

Re: Best Online Banking for Youngster

Thanks for all the suggestions. As an update, Ally bank turned down my daughter's application based on not being able to confirm her identity. She doesn't have a driver's license but she has a passport so that's what we submitted along with a voter registration card that showed her address. Wasn't g...
by invst65
Tue Apr 11, 2017 6:30 pm
Forum: Personal Finance (Not Investing)
Topic: SS question
Replies: 9
Views: 762

Re: SS question

There is a Windows based program called AnyPIA available for download from the SSA website (or at least it was available as late as last year when I updated my copy). It has a clumsy user interface and is a little complicated to figure out but once I did, and input my complete earnings history, it g...
by invst65
Wed Apr 05, 2017 12:18 pm
Forum: Personal Finance (Not Investing)
Topic: Career advice in IT
Replies: 99
Views: 6992

Re: Career advice in IT

I retired from a 40 year career in IT last year, almost all in development.

Just spent yesterday cleaning my computer of all the old development tools I had hanging around. Just seeing the names gave me unpleasant flashbacks.

So good luck and enjoy it while you can.
by invst65
Tue Apr 04, 2017 3:54 pm
Forum: Personal Finance (Not Investing)
Topic: Best Online Banking for Youngster
Replies: 19
Views: 1360

Re: Best Online Banking for Youngster

An Ally Bank checking account satisfies your criteria. The free ATM withdrawals are only at specific ATMs but the network is pretty broad plus they will refund you up to $10 of ATM fees incurred outside of this network per month. You'll also get free checks to boot. The phone app is smooth and easy...
by invst65
Tue Apr 04, 2017 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: Best Online Banking for Youngster
Replies: 19
Views: 1360

Re: Best Online Banking for Youngster

Does it have to be online only? A B&M bank that has the online features she wants might be a better option - when she gets a little older and might want a credit card or a car loan, she'll have somewhat of a track record with that bank. Also consider credit unions - we have some in our area tha...
by invst65
Tue Apr 04, 2017 1:45 pm
Forum: Personal Finance (Not Investing)
Topic: Conflict of Interest at work - could I get fired?
Replies: 21
Views: 3108

Re: Conflict of Interest at work - could I get fired?

Pretty sure you could get fired for not disclosing the conflict of interest the next time they ask (assuming they ever found out), but because of it? Sounds pretty far-fetched to me but if they wanted to fire you solely for that reason, I'm not aware of any specific legal protection that would preve...
by invst65
Tue Apr 04, 2017 1:36 pm
Forum: Personal Finance (Not Investing)
Topic: Best Online Banking for Youngster
Replies: 19
Views: 1360

Best Online Banking for Youngster

My daughter just got her first job after high school (slightly above minimum wage @ Dunkin' Donuts). She currently has a Paypal account with a debit card but I'm thinking there has to be something better for her to deposit her meager paychecks into. Mostly interested in... 1.) No minimum balance 2.)...
by invst65
Thu Mar 30, 2017 9:47 pm
Forum: Personal Finance (Not Investing)
Topic: When do you plan to die?
Replies: 165
Views: 11036

Re: When do you plan to die?

Microsoft Money used to come with a longevity calculator as part of their retirement planner. I started using it when I was 50 and my wife was 52. After answering all the questions for my wife, it said her life expectancy was 53. Turned out to be exactly right, and that was even before her lung canc...
by invst65
Thu Mar 30, 2017 8:48 pm
Forum: Investing - Help with Personal Investments
Topic: Recent Retiree with many questions
Replies: 29
Views: 4713

Re: Recent Retiree with many questions

Fifth question: My SS will be about $2400/month if I take it this July, and will be around $2800/month if I wait till I am 70. You said you were recently age 66 so I think your math is way off. After you reach full retirement age your SS goes up by 2/3rds percent per month of delay.... 8% per year....
by invst65
Thu Mar 30, 2017 7:56 pm
Forum: Investing - Help with Personal Investments
Topic: Recent Retiree with many questions
Replies: 29
Views: 4713

Re: Recent Retiree with many questions

First question: I have $320k which I need to move out of the former employer's 401k. Am considering a traditional IRA at either Fidelity or Schwab. The question of how to invest it seems more important than the location of the investment; is that correct? (I'm leaning towards these two rather than ...
by invst65
Mon Mar 27, 2017 10:08 am
Forum: Investing - Help with Personal Investments
Topic: Weathering sell-off days like today
Replies: 107
Views: 6577

Re: Weathering sell-off days like today

I never look at my portfolio if I don't think I'm going to like what I see.
by invst65
Tue Mar 21, 2017 5:10 pm
Forum: Personal Consumer Issues
Topic: A SUV for towing a Travel Trailer
Replies: 71
Views: 5213

Re: A SUV for towing a Travel Trailer

[edit] I would never have believed the violence of the oscillation if I hadn't experienced it myself. I would have insisted that it was a gross exaggeration that a ~2000 pound (loaded) utility trailer could throw my truck around like that. Don't mess with tongue weight rules! I can definitely relat...
by invst65
Tue Mar 21, 2017 4:51 pm
Forum: Investing - Help with Personal Investments
Topic: 401K Advice
Replies: 6
Views: 431

Re: 401K Advice

Hello there. Welcome to the forum. :) If you want to invest in a fund and not have to worry about rebalancing to a more conservative asset allocation as you get closer to retirement, I would suggest going with a target retirement fund. I ditto that suggestion but at the time of the 2008 crash I was...
by invst65
Tue Mar 21, 2017 3:52 pm
Forum: Investing - Help with Personal Investments
Topic: 401K Advice
Replies: 6
Views: 431

Re: 401K Advice

Given that you have just reached the level you were at during the 2008 crash, I have to wonder what action you took when the crash occurred. Did you panic sell? If so, then I think the question you should probably ask yourself before getting back in is if you are going to repeat the same mistake aga...
by invst65
Mon Mar 20, 2017 10:45 am
Forum: Personal Consumer Issues
Topic: A SUV for towing a Travel Trailer
Replies: 71
Views: 5213

Re: A SUV for towing a Travel Trailer

I would be very hesitant about towing a large trailer with a small SUV after what I observed on a mountain road up in Canada one time. I was pulling a 25 foot trailer with a large Dodge Van so I never had any sway problems but on the other side of the road I saw a rig coming down the mountain when ...
by invst65
Mon Mar 20, 2017 10:00 am
Forum: Personal Consumer Issues
Topic: A SUV for towing a Travel Trailer
Replies: 71
Views: 5213

Re: A SUV for towing a Travel Trailer

I would be very hesitant about towing a large trailer with a small SUV after what I observed on a mountain road up in Canada one time. I was pulling a 25 foot trailer with a large Dodge Van so I never had any sway problems but on the other side of the road I saw a rig coming down the mountain when a...
by invst65
Mon Mar 20, 2017 9:51 am
Forum: Personal Consumer Issues
Topic: Anyone taken a mid-career sabbatical?
Replies: 38
Views: 5081

Re: Anyone taken a mid-career sabbatical?

I took a sabbatical of nearly two years after my wife died of lung cancer. Wasn't quite mid-career as I was 50 years old and still had 17 years to go in my career (up until last year). I traveled out west along with my adopted granddaughter, going all the way to Alaska and back one time. Looking bac...
by invst65
Wed Mar 15, 2017 5:43 pm
Forum: Investing - Theory, News & General
Topic: BND Jumps 0.5% on Fed Announcement
Replies: 43
Views: 4380

Re: BND Jumps 0.5% on Fed Announcement

I'm new to this game, but isn't this defying all logic or am I missing something Forget logic. I like to think it eventually wins the day but it often loses in the short term. The logic, which often is misrepresented in the press, is that for a bond that's already been issued, which is to say its c...
by invst65
Wed Mar 15, 2017 5:20 pm
Forum: Investing - Theory, News & General
Topic: BND Jumps 0.5% on Fed Announcement
Replies: 43
Views: 4380

Re: BND Jumps 0.5% on Fed Announcement

ray333 wrote:I'm new to this game, but isn't this defying all logic or am I missing something


Forget logic. I like to think it eventually wins the day but it often loses in the short term.
by invst65
Mon Mar 13, 2017 3:19 pm
Forum: Investing - Help with Personal Investments
Topic: ESPP is it worth it?
Replies: 10
Views: 853

Re: ESPP is it worth it?

Do you happen to work for a company called FIS? The reason I ask is because the plan is identical to the one I had. If so, it used to be a 33% match given 4 times a year and 50% after ten years of service and there was no requirement to hold it for any length of time at all. Before they changed it t...
by invst65
Wed Mar 08, 2017 3:48 pm
Forum: Personal Finance (Not Investing)
Topic: How Much in Your Emergency Fund And Is It Used?
Replies: 176
Views: 15645

Re: How Much in Your Emergency Fund And Is It Used?

I follow a modified version of the Permanent Portfolio strategy called the Golden Butterfly and it calls for 20% cash at all times (the Permanent Portfolio is 25%). So there is no need for an emergency fund. An adequate supply of cash is always there. Hopefully at re-balancing time you will add to ...
by invst65
Tue Mar 07, 2017 11:44 pm
Forum: Personal Finance (Not Investing)
Topic: How Much in Your Emergency Fund And Is It Used?
Replies: 176
Views: 15645

Re: How Much in Your Emergency Fund And Is It Used?

I follow a modified version of the Permanent Portfolio strategy called the Golden Butterfly and it calls for 20% cash at all times (the Permanent Portfolio is 25%). So there is no need for an emergency fund. An adequate supply of cash is always there. Hopefully at re-balancing time you will add to i...
by invst65
Fri Mar 03, 2017 8:10 pm
Forum: Investing - Theory, News & General
Topic: Great Portfolio Analzer
Replies: 16
Views: 1887

Re: Great Portfolio Analzer

Their retirement planner is good too. But I'm still not going to spend $30k/year more now that I'm retired even though it says I can. Does the best job of breaking down by asset allocation of any that I have seen. Too many of them end up with a great big slice of the pie for "Unknown". Als...
by invst65
Fri Mar 03, 2017 4:24 pm
Forum: Investing - Help with Personal Investments
Topic: Need help with determining if this is wash sale
Replies: 13
Views: 913

Re: Need help with determining if this is wash sale

So, before you all blast me on trading, let me put the disclaimer that this is play money for fun that I put in based on some recommendations of friends and some research. That said, here is the conundrum I bought 2443 shares of NUGT at $30k on Oct 10 and sold all of them for a minor profit on Oct ...
by invst65
Wed Mar 01, 2017 6:31 pm
Forum: Personal Finance (Not Investing)
Topic: Question for Retired Members--life mistakes
Replies: 64
Views: 9032

Re: Question for Retired Members--life mistakes

1) Off the top of your head, what was the biggest mistake(s) you make with regard to your retirement when you were young, and when you were in your 50's. Not being more financially savvy about investing for the long term (mostly before my 50's). I made a big chunk of money investing in "Aggres...
by invst65
Mon Feb 27, 2017 5:33 pm
Forum: Personal Finance (Not Investing)
Topic: Are travel costs deductible when looking for investment property?
Replies: 9
Views: 1139

Re: Are travel costs deductible when looking for investment property?

Don't know exactly what you mean by "deductible", but it sure sounds like a legitimate business expense to me, as long as you have documentation.
by invst65
Sat Feb 25, 2017 9:45 pm
Forum: Investing - Theory, News & General
Topic: How should people factor Social Security into their "magic number" with early retirement?
Replies: 76
Views: 6235

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

I think that the real value in computing an FI number, especially with conservative returns, is that it shows you how much you have to save to get there. The needed savings rate is almost always higher than what people think is needed. I never even dreamed of having a "Magic Number" until...
by invst65
Sat Feb 25, 2017 9:34 pm
Forum: Personal Finance (Not Investing)
Topic: What if someone gets your password and transfers money from your bank to theirs?
Replies: 42
Views: 6145

Re: What if someone gets your password and transfers money from your bank to theirs?

Good reason to only keep enough for short term expenses in bank accounts. Having said that, I bank with Fidelity so the same username/password would gain access to a lot of my other retirement accounts. It would take a lot of transacting to get any money out of those accounts, all with notifications...
by invst65
Sat Feb 25, 2017 9:25 pm
Forum: Personal Consumer Issues
Topic: Caribbean vacation with 3 kids
Replies: 27
Views: 2246

Re: Caribbean vacation with 3 kids

How about Cuba?

Since they just opened it up for travel, I doubt that anybody can give you any advice but you could report back to us on the adventure of a lifetime.
by invst65
Sat Feb 25, 2017 9:17 pm
Forum: Investing - Theory, News & General
Topic: How should people factor Social Security into their "magic number" with early retirement?
Replies: 76
Views: 6235

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

That's why SS is not in my current plans; I am planning on the fairly conservative side. If I get a bit more than I had hoped for down the road, fine, but if I don't, that's okay too. Maybe my SS will be enough to buy us a not too expensive new car every year when I'm 70. :) Or maybe it will just c...
by invst65
Sat Feb 25, 2017 8:50 pm
Forum: Investing - Theory, News & General
Topic: How should people factor Social Security into their "magic number" with early retirement?
Replies: 76
Views: 6235

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

As a general rule of life, when the future is uncertain we don't throw up our hands and say "Gee, I dunno, it might change so I won't plan at all." Instead we make a plan, realise there are margins of error, and reevaluate the plan on a regular basis as circumstances change. Your plan -- ...
by invst65
Sat Feb 25, 2017 7:59 pm
Forum: Personal Finance (Not Investing)
Topic: How long to keep paper investment statements
Replies: 13
Views: 1273

Re: How long to keep paper investment statements

I can't even remember the last time I saw a paper statement. And when I did I can't remember the last time I ever looked at it.
by invst65
Sat Feb 25, 2017 7:55 pm
Forum: Investing - Theory, News & General
Topic: How should people factor Social Security into their "magic number" with early retirement?
Replies: 76
Views: 6235

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

For example, let's say you expect to start taking SS payments at age 70, with an estimated benefit of $20,000/yr for a married couple. If you expect to live another 25 years, that gives you a lifetime SS income of $20,000*25 = $500,000. I think that might be a low estimate of SS income for a couple...
by invst65
Sat Feb 25, 2017 7:26 pm
Forum: Personal Consumer Issues
Topic: Caribbean vacation with 3 kids
Replies: 27
Views: 2246

Re: Caribbean vacation with 3 kids

Hello all, DW and I would like to take our three girls (5,9, and 14) on a nice vacation to the Caribbean later this year. Probably early summer, right after school gets out in late June. We are looking for a family-friendly all-inclusive that also has activities for the kids. We are looking to go f...
by invst65
Sat Feb 25, 2017 1:35 pm
Forum: Investing - Theory, News & General
Topic: How to Rebalance with Rate Hikes Looming
Replies: 49
Views: 9272

Re: How to Rebalance with Rate Hikes Looming

Does anyone remember how long it has been since people were saying that yields have nowhere to go but up? I can't remember his name but someone else might remember. He was supposed to be the bond guru and the year he said it was time to get out of government bonds altogether they were up 33%. Glad I...
by invst65
Wed Feb 22, 2017 7:35 pm
Forum: Investing - Theory, News & General
Topic: How efficiently are my investments working?
Replies: 15
Views: 902

Re: How efficiently are my investments working?

The only information I can draw is that you had one hell of a ROI for one year if I'm reading your numbers correctly. Do tell us what you were invested in. :mrgreen: this is an imaginary scenario. i am not putting my real numbers. Oh, I see that now. So I would infer that you probably put all, or m...
by invst65
Wed Feb 22, 2017 6:45 pm
Forum: Investing - Theory, News & General
Topic: How efficiently are my investments working?
Replies: 15
Views: 902

Re: How efficiently are my investments working?

The only information I can draw is that you had one hell of a ROI for one year if I'm reading your numbers correctly.

Do tell us what you were invested in.
by invst65
Wed Feb 15, 2017 12:30 am
Forum: Investing - Help with Personal Investments
Topic: how much to put in roth accounts?
Replies: 5
Views: 971

Re: how much to put in roth accounts?

Geesh, I was raising three kids on a non-college graduate salary and don't think I had a penny saved at age 35. So congratulations. You are doing much better than I did. Others can correct me if I'm wrong (and knowing the folks here I'm sure they will if I am), but I think you might be greatly overe...
by invst65
Wed Feb 15, 2017 12:00 am
Forum: Investing - Help with Personal Investments
Topic: Adjusting 401k contributions for bonuses and raises
Replies: 17
Views: 866

Re: Adjusting 401k contributions for bonuses and raises

I would divide 18k / 26, figure out the percentage based on salary, and be done with it. Why make it more complicated? Did you really mind getting those bigger paychecks at the end of the year? Nope! Not at all. I just wasn't sure if there was something flawed in my "strategy" that's all....
by invst65
Tue Feb 14, 2017 11:51 pm
Forum: Local Chapters and Bogleheads Community
Topic: Roll Call for the Retirement Class of 2017!
Replies: 102
Views: 11823

Re: Roll Call for the Retirement Class of 2017!

I will definitely be in this class Congrats Invst65! I dream of the 2017 class, but now with kid #2 on the way, we're looking at either 2019 or even 2021. Ugh.... I fully understand how the last year before retirement is the worst. I think my last 5 years are working out to be equivelant to that la...
by invst65
Tue Feb 14, 2017 10:12 pm
Forum: Personal Finance (Not Investing)
Topic: Changing FICO Score
Replies: 42
Views: 4378

Re: Changing FICO Score

My spouse and I have been retired for almost 1 year now. We are taking a trip to Italy in March and decided to get a credit card with no overseas transaction fees. What is an "overseas transaction fee"? I have never encountered this on any of my travels, mostly to Asia. I use a lot of cas...
by invst65
Tue Feb 14, 2017 9:47 pm
Forum: Investing - Help with Personal Investments
Topic: Adjusting 401k contributions for bonuses and raises
Replies: 17
Views: 866

Re: Adjusting 401k contributions for bonuses and raises

I would divide 18k / 26, figure out the percentage based on salary, and be done with it.

Why make it more complicated? Did you really mind getting those bigger paychecks at the end of the year?
by invst65
Tue Feb 14, 2017 9:40 pm
Forum: Personal Finance (Not Investing)
Topic: Early Retirement
Replies: 21
Views: 2786

Re: Early Retirement

As others have said, I think you are probably fine financially. I'm guessing FireCalc and/or other retirement planners have already told you that or you really wouldn't be considering it. I "Early Retired" last year but I was 67 and really had no choice in the matter. It was only "Ear...

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