Search found 292 matches

by invst65
Tue Jul 25, 2017 2:46 pm
Forum: Investing - Theory, News & General
Topic: How are folks handling the unprecedented rise in the market ?
Replies: 166
Views: 16484

Re: How are folks handling the unprecedented rise in the market ?

I use the permanent portfolio so I don't give much thought to whether any of the assets (stocks,bonds,gold,cash) are overvalued. Except for cash, I've seen that happen to all of them from time to time. If I'm overweight in stocks at re-balance time I'll be selling some off and buying the other assets.
by invst65
Thu Jul 20, 2017 4:00 pm
Forum: Personal Finance (Not Investing)
Topic: Cobra Benefits question
Replies: 6
Views: 464

Re: Cobra Benefits question

"Under COBRA, if you voluntarily resign from a job or are terminated for any reason other than "gross misconduct" you are guaranteed the right to continue your former employer's group plan as individual or family health care coverage for up to 18 months, at your own expense." ht...
by invst65
Thu Jul 20, 2017 3:46 pm
Forum: Personal Consumer Issues
Topic: Books not to read.
Replies: 155
Views: 11007

Re: Books not to read.

I wouldn't include Millionaire Next Door on a "not to read" list but I do think it's overrated. I found it to be the kind of book where the point of the story could actually be made in a couple of pages or so, but the author has to fill a whole book with something so you get lots of anecd...
by invst65
Fri Jul 14, 2017 11:11 am
Forum: Investing - Help with Personal Investments
Topic: Work Discount Stock Purchase Plan - When to Sell
Replies: 15
Views: 747

Re: Work Discount Stock Purchase Plan - When to Sell

I think this depends on your overall portfolio. If it's just a small portion of your stock allocation and the company is in good shape, then I see nothing wrong with holding it. I used to hold at least some of mine for a year so I could get the lower capital gains rate. If it's a big chunk of money ...
by invst65
Fri Jul 14, 2017 9:38 am
Forum: Personal Finance (Not Investing)
Topic: When to max out 401k (Aspiring Early Retiree)
Replies: 89
Views: 4720

Re: When to max out 401k (Aspiring Early Retiree)

amd7239 wrote:My goal is to retire at 50.

I am almost 27 years old ..... I live with my parents ....

Can I make my goal?



Let me put it this way .... If you were a stock you might be attractive to short-sellers.
by invst65
Fri Jul 14, 2017 9:24 am
Forum: Personal Consumer Issues
Topic: Shopping for first bike since I was a kid
Replies: 121
Views: 6411

Re: Shopping for first bike since I was a kid

Make sure you are able to take it for a test ride. Which means don't buy it a store like Dick's Sporting Goods. Their policy is once it goes out the door you can't take it back. I put that policy to the test after buying a Schwinn for my wife that looked good and felt good to sit on but as soon as s...
by invst65
Tue Jul 11, 2017 12:17 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity with multiple 401Ks?
Replies: 2
Views: 247

Re: Fidelity with multiple 401Ks?

Yes, I have multiple 401K accounts on Fidelity but I have the opposite problem you have. They are from old employers, long since rolled over into my own IRA but they still show up when I log on and I don't know how to make them go away.
by invst65
Wed Jul 05, 2017 10:36 am
Forum: Investing - Help with Personal Investments
Topic: 59 1/2 yo Question
Replies: 8
Views: 600

Re: 59 1/2 yo Question

I turned 59 1/2 last month and I'm wondering if I should transfer my 401k and company DC plan into a self directed IRA. My DC plan is currently being managed by Financial Engines for .25%. Is transferring my 401k and DC plan into a self directed IRA a must do, a should do or it's not going to make ...
by invst65
Wed Jul 05, 2017 10:32 am
Forum: Personal Consumer Issues
Topic: Are you finding any good values at Amazon anymore?
Replies: 149
Views: 13265

Re: Are you finding any good values at Amazon anymore?

I still find good deals but one thing I've been noticing as a Prime Member is that "free shipping" isn't as free as it pretends to be. This becomes obvious when I can buy the same item at Walmart for the same price minus the cost of shipping. I think what "free shipping" really m...
by invst65
Tue Jul 04, 2017 11:57 am
Forum: Personal Consumer Issues
Topic: Bogleheads: you should be buying 10-year old cars
Replies: 173
Views: 12843

Re: Bogleheads: you should be buying 10-year old cars

Modern cars can easily do 150K without major problems (unless you get a low quality brand like anything Chrysler, Fiat, etc) 100K to 150K miles just is not that much for a modern car that is taken care of. Change the fluids, change the belts and hoses and get the oil changed and the vast majority o...
by invst65
Mon Jul 03, 2017 1:12 pm
Forum: Personal Finance (Not Investing)
Topic: Buy health insurance for one week in Cancun?
Replies: 12
Views: 1205

Re: Buy health insurance for one week in Cancun?

Ironically, the only time I ever bought one of those travel insurance policies was also the only time I ever got sick while travelling and had to go to the hospital. It was in the Philippines where I acquired some kind of parasite by allowing ice in my drink. Big mistake. As it turned out, the total...
by invst65
Mon Jul 03, 2017 11:23 am
Forum: Investing - Help with Personal Investments
Topic: Should I keep pension or roll it over?
Replies: 13
Views: 1192

Re: Should I keep pension or roll it over?

10 years ago I was offered $85k in lieu of a pension that was to begin paying $850/month in 7 years when I turned 65. I took the money and rolled it into my IRA for two basic reasons 1.) companies like AIG and Lehman Brothers were failing at the time so my confidence in the stability of any pension ...
by invst65
Mon Jul 03, 2017 10:40 am
Forum: Personal Consumer Issues
Topic: Verizon- Why do they treat old customers worse?
Replies: 47
Views: 5064

Re: Verizon- Why do they treat old customers worse?

Like others have said, I just have to switch providers every couple of years. My $40 monthly credit from the last switch is up in October so I'll probably be doing it again soon. In my neighborhood what used to be Verizon is now Frontier. Brighthouse has become Spectrum. We also have WOW which has t...
by invst65
Sun Jul 02, 2017 2:31 pm
Forum: Investing - Help with Personal Investments
Topic: Uncertainty About Bond Investing
Replies: 38
Views: 3081

Re: Uncertainty About Bond Investing

... or individual bonds (which I don't know how to purchase and there seems a LOT to be wary of) I buy my own individual bonds on Fidelity and it is actually quite easy. I've heard the same thing about Vanguard but never tried it though I do have a Roth IRA account there. Personally, I like not hav...
by invst65
Sun Jul 02, 2017 2:01 pm
Forum: Investing - Theory, News & General
Topic: 401k and RMD, confused about what to do...
Replies: 13
Views: 913

Re: 401k and RMD, confused about what to do...

Here is a book I read on this very subject a while ago. I'd offer you my copy but I just cleaned out my bookshelf and donated it to the library. https://www.amazon.com/Retirement-Savings-Time-Bomb-Defuse/dp/0143120794 None of his suggestions seemed to fit my own situation but he did have some intere...
by invst65
Sun Jul 02, 2017 9:17 am
Forum: Investing - Theory, News & General
Topic: 401k and RMD, confused about what to do...
Replies: 13
Views: 913

Re: 401k and RMD, confused about what to do...

Hi, We are not eligible for IRA or RothIRA due to income limits and both me and my wife contribute maximum to our 401ks. If we continue to max out the 401k for the next 30 years @ $16000 per individual per year, and assume 7% rate of return, it looks like the net value will be ~ $5 million total? a...
by invst65
Sun Jul 02, 2017 8:26 am
Forum: Personal Finance (Not Investing)
Topic: Parents Social Security payments, deceased Father.
Replies: 8
Views: 836

Re: Parents Social Security payments, deceased Father.

JW-Retired wrote:On the other hand, 1687 seems really low for a doctor's wages.


That was also what I thought. This is around the same amount my mother gets and my Dad was a milkman who never paid in anything close to the maximum amount.
by invst65
Wed Jun 28, 2017 2:19 pm
Forum: Personal Finance (Not Investing)
Topic: Middle age job blues
Replies: 86
Views: 8582

Re: Middle age job blues

I had a 40 year career in IT starting with board wiring, and then moving on to Fortran programming on punched cards. I always tried to keep up with the current technology and at the time my career ended I had just taught myself Java Programming and Web Services and was getting quite proficient at it...
by invst65
Tue Jun 27, 2017 12:30 pm
Forum: Personal Consumer Issues
Topic: Fun place to stop overnight en route from Florida Keys to Tampa ( not Disney)
Replies: 35
Views: 2667

Re: Fun place to stop overnight en route from Florida Keys to Tampa ( not Disney)

We like the Thomas Edison Home in Ft Myers I second this suggestion. Also includes Henry Ford's summer home and what was once Edison's working lab. Kids usually like it and the buildings are all air-conditioned. Will leave you about 3.5 to 4 hours from Tampa if you spend the night there (I think yo...
by invst65
Tue Jun 27, 2017 11:23 am
Forum: Personal Finance (Not Investing)
Topic: Things to consider when going from employee to independent contractor
Replies: 13
Views: 871

Re: Things to consider when going from employee to independent contractor

Good times may not last. I went into independent contracting as a software developer in 1996 and kept at it for about 10 years. In my second year I more than doubled the salary I was making as an employee. Today I would be hard pressed to find a contracting gig that paid as much as I could earn as a...
by invst65
Mon Jun 26, 2017 7:10 am
Forum: Investing - Help with Personal Investments
Topic: Can we retire early?
Replies: 18
Views: 4113

Re: Can we retire early?

On any other forum when someone asks the question of "Can we retire early" I think of the saying that "if you have to ask, you can't afford it". On Bogleheads however, it's usually the case that they could probably retire right now if they wanted to. I definitely agree that your ...
by invst65
Sat Jun 24, 2017 11:09 am
Forum: Investing - Help with Personal Investments
Topic: Crazy(?) Adviser Advice: "I don't believe in bonds"
Replies: 49
Views: 5231

Re: Crazy(?) Adviser Advice: "I don't believe in bonds"

My Roth IRA's are also 100% equities and I'm retired. The reason for that is because I prefer for my Roth IRA to be the fastest growing account in my portfolio (for reasons that should be obvious) and I figure that gives me the best chance for that to happen over the long run. If my strategy turns o...
by invst65
Thu Jun 22, 2017 6:54 pm
Forum: Personal Finance (Not Investing)
Topic: New Baby - Wife stay at home for 1 year?
Replies: 48
Views: 4209

Re: New Baby - Wife stay at home for 1 year?

1 year? My wife NEVER worked as long as we were raising kids. This followed in the same footsteps as my own parents. And we weren't rich. My dad drove a milk truck. I was a poor, working class computer programmer (okay, that DID turn out to be a pretty good working class career in the long run and m...
by invst65
Thu Jun 22, 2017 6:14 pm
Forum: Personal Consumer Issues
Topic: Is someone trying to steal my identity?
Replies: 32
Views: 3513

Re: Is someone trying to steal my identity?

If what you said in item#1 of your post is true then the answer to your OP is that somebody already stole your identity. There was no need to read any farther. Now it's only a matter of how much personal information they have and how determined and clever they are in using it. I got my credit card i...
by invst65
Thu Jun 22, 2017 4:40 pm
Forum: Personal Consumer Issues
Topic: Is there "better" time of year to buy older used car?
Replies: 6
Views: 1111

Re: Is there "better" time of year to buy older used car?

Google is your friend....

http://www.popularmechanics.com/cars/a20595/best-and-worst-days-buy-used-car/

Personally, I have two > 10 year old cars that are in high demand, even in the summer months (and I hope some humorless person won't lock the thread for saying so).
by invst65
Thu Jun 22, 2017 4:23 pm
Forum: Personal Finance (Not Investing)
Topic: House Closing is Tomorrow! Here are the Closing fees .... am I being ripped off?
Replies: 22
Views: 2421

Re: House Closing is Tomorrow! Here are the Closing fees .... am I being ripped off?

StevenNJ1 wrote:What is this application fee? My mortgage guy said they'll charge me only $500 for the loan. Is that that fee?


Think of it as a front-loaded mutual fund, if such a thing still exists. You get to pay for the privilege of making someone else a lot of money.
by invst65
Wed Jun 21, 2017 4:22 pm
Forum: Personal Consumer Issues
Topic: Used cars in high demand
Replies: 16
Views: 2060

Used cars in high demand

Am I the only one to have lucked out and chosen to buy new cars that would be in such high demand so many years later? Apparently there is a very great shortage of 2005 Hyundai Elantras and 2006 Dodge Caravans because I keep getting letters in the mail about it almost once a week. Who would have tho...
by invst65
Wed Jun 21, 2017 3:48 pm
Forum: Investing - Theory, News & General
Topic: Your Favorite Portfolio Tilts
Replies: 86
Views: 6599

Re: Your Favorite Portfolio Tilts

Oh, sorry. Didn't know my portfolio had any of those but I missed the letter "l".
by invst65
Tue Jun 20, 2017 6:34 pm
Forum: Personal Consumer Issues
Topic: Seeking help on deciding between two insurance plans
Replies: 3
Views: 301

Re: Seeking help on deciding between two insurance plans

Essentially I know little about insurance and the high out of network scares me a little since I'm not sure al the things that found touch if I develop an issue. If you were talking about Joe Bob's discount health insurance, having to go out "out of network" might be a risk worth consider...
by invst65
Tue Jun 20, 2017 6:19 pm
Forum: Investing - Help with Personal Investments
Topic: Opinions on 401k options
Replies: 4
Views: 230

Re: Opinions on 401k options

Poppinjay wrote:The only fees I can see, besides the funds fees, is a administrative fee of "0.80% assessed on the total plan assets, allocated pro rata among participant accounts".


Am I reading that correctly? An almost 1% "administrative fee" for the plan in addition to the fund fees?
by invst65
Tue Jun 20, 2017 6:03 pm
Forum: Personal Consumer Issues
Topic: Seeking help on deciding between two insurance plans
Replies: 3
Views: 301

Re: Seeking help on deciding between two insurance plans

I currently have medical insurance through my employer. I pay $899 annually for this plan but have the opportunity to go on my wife's insurance for free (she pays a flat 2% salary fee regardless who is on her plan). Vision/dental are separate and not part of this choice. The main differences: - My ...
by invst65
Mon Jun 19, 2017 6:22 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: More Evidence Against Active
Replies: 5
Views: 1219

Re: Larry Swedroe: More Evidence Against Active

Okay, I give up. The "unanswered posts" search shows both a Larry Swedroe case for Active Management and an Evidence Against Active Management thread.
by invst65
Thu Jun 08, 2017 3:36 pm
Forum: Investing - Help with Personal Investments
Topic: Recommendations for my employer 401k
Replies: 2
Views: 210

Re: Recommendations for my employer 401k

I would probably just stay with your current allocation.
by invst65
Wed Jun 07, 2017 7:13 pm
Forum: Personal Finance (Not Investing)
Topic: Docs to take to SS Office for Medicare signup
Replies: 4
Views: 456

Re: Docs to take to SS Office for Medicare signup

Does she have an online SS account?

I signed up through mine and didn't need to visit the SSA office at all.
by invst65
Tue May 30, 2017 10:39 pm
Forum: Personal Finance (Not Investing)
Topic: Social security question
Replies: 22
Views: 2236

Re: Social security question

So I retired unexpectedly a few weeks ago and I am 65.My question:is the projected payment at age 70 changed now because I will have no more earnings?Thanks. Yes, it will change. The figures on the SS website assume you are still working and will be paying into the system at the same rate you curre...
by invst65
Tue May 30, 2017 10:00 pm
Forum: Investing - Help with Personal Investments
Topic: Early Retirement Approaches (forced) - review my situation?
Replies: 29
Views: 5019

Re: Early Retirement Approaches (forced) - review my situation?

I'm a fellow IT professional who was forced into early retirement last year at the age of 67. I can't speak to your financial situation but I can tell you that if you're anything like me, your back, neck, arms, hands, and brain will appreciate not spending the next 11 years enduring the stress of si...
by invst65
Tue May 30, 2017 4:22 pm
Forum: Investing - Help with Personal Investments
Topic: ? help on taking ss at 62
Replies: 15
Views: 1569

Re: ? help on taking ss at 62

NEI (just learned that is the opposite of TMI). For me, the major factors to consider would be 1.) Do you really need the $1555/month to maintain your desired lifestyle? and 2.) What kind of life expectancy do you foresee for both you and your wife? If you both think there is a good chance you will ...
by invst65
Tue May 30, 2017 4:06 pm
Forum: Personal Consumer Issues
Topic: Using LastPass to Manage Passwords
Replies: 38
Views: 3413

Re: Using LastPass to Manage Passwords

I use LastPass but was considering switching to something else until they made it free to synchronize between multiple devices without paying for the premium version. As far as I know they are the only password manager that does that, though I could be wrong. That's a very handy feature. So far I've...
by invst65
Tue May 30, 2017 12:56 pm
Forum: Personal Consumer Issues
Topic: Multiple seat belt tickets- options?
Replies: 36
Views: 3888

Re: Multiple seat belt tickets- options?

If you call one of the attorneys who specializes in beating traffic tickets you might be able to get some free advice about whether to fight it or not. A similar thing happened to me in Florida when my recent immigrant wife passed a stopped school bus on a divided 3 lane highway. To avoid points on ...
by invst65
Thu May 25, 2017 4:54 pm
Forum: Investing - Help with Personal Investments
Topic: Avoiding Taxes with RMD
Replies: 59
Views: 6962

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: 1546

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: 57
Views: 4412

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: 5054

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: 2146

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: 1627

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: 1627

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: 1568

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: 863

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: 7597

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: 1568

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...

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