Search found 1672 matches

by mlebuf
Sat Aug 27, 2016 11:42 pm
Forum: Personal Consumer Issues
Topic: Hawaii anniversary trip suggestions
Replies: 12
Views: 561

Re: Hawaii anniversary trip suggestions

Been to Lanai, Kauai, Oahu and Maui. Oahu is too commercial, although it's definitely worth a day trip to visit the Arizona Memorial, and Battleship Missouri at Pearl Harbor. Kauai is most beautiful of the islands I visited because they get the most rain. Best overall is Maui. The rest aren't even c...
by mlebuf
Sat Aug 27, 2016 7:49 pm
Forum: Personal Finance (Not Investing)
Topic: Can we get by without permanent life insurance?
Replies: 28
Views: 1615

Re: Can we get by without permanent life insurance?

The first law of expert is advice is to never ask the barber if you need a haircut. Your logic is sound despite what your brother-in-law or any other insurance salesperson tells you. I believe it was Sinclair Lewis who said something to the effect, "It's difficult for a man to see your point of...
by mlebuf
Wed Aug 17, 2016 3:47 pm
Forum: Investing - Theory, News & General
Topic: Is there a such thing as a blue collar Boglehead?
Replies: 206
Views: 20120

Re: Is there a such thing as a blue collar Boglehead?

I know some blue collar folk who are also small business owners who have high income and net worth but drive their white pick up trucks and work with their hands +1 - The talent and smarts of most blue-collar people I know amaze me. I'm sure they have far more mental capacity than they need to unde...
by mlebuf
Mon Aug 15, 2016 5:57 pm
Forum: Personal Finance (Not Investing)
Topic: Self-made Millionaires: how did hitting 7 figures change you?
Replies: 262
Views: 29120

Re: Self-made Millionaires: how did hitting 7 figures change you?

I don't believe that money changes people. It just reveals them. Money simply enables us to become more of who we already are. Those who choose to do good can do more good. The same is true for those who have a tendency to harm themself/others.
by mlebuf
Sun Aug 14, 2016 4:12 pm
Forum: Personal Finance (Not Investing)
Topic: You have $10 Million and 10 years to live. What would you do?
Replies: 55
Views: 4916

You have $10 Million and 10 years to live. What would you do?

That's the thought provoking question covered in this WSJ blog. Thoughts?

http://on.wsj.com/2aM6HPF
by mlebuf
Sun Aug 14, 2016 12:43 am
Forum: Personal Finance (Not Investing)
Topic: HOA Ruling
Replies: 34
Views: 3688

Re: HOA Ruling

I'm not an attorney, but if you signed a document stating that 12X16 is allowed, I don't see how they can deny you of that request. To do that would be a violation of their own contract. If they allowed someone else to have a 12X16 shed but not you, they are basically practicing selective enforcemen...
by mlebuf
Tue Aug 09, 2016 8:33 pm
Forum: Personal Finance (Not Investing)
Topic: What is the trap of interest-only mortgage?
Replies: 13
Views: 2145

Re: What is the trap of interest-only mortgage?

With an interest-only mortgage most people are better off renting. The benefit of interest only is that you can deduct the interest if you itemize on your income taxes. The disadvantage is that you just can't call the movers and leave as a renter would be able to do. Of course, you can just walk awa...
by mlebuf
Fri Aug 05, 2016 1:50 am
Forum: Investing - Theory, News & General
Topic: "Your 10 Most Important Financial Decisions"
Replies: 21
Views: 2953

Re: "Your 10 Most Important Financial Decisions"

That's a great list, Taylor. As I read it, what occurred to me is how many of those very critical decisions are made so early in life. I try to stress to young people that much of their financial and personal success will likely be determined by the choices they make between ages 15 and 25. I also t...
by mlebuf
Wed Aug 03, 2016 7:05 pm
Forum: Personal Finance (Not Investing)
Topic: 29 years old too young to buy Long Term Care Insurance?
Replies: 28
Views: 2765

Re: 29 years old too young to buy Long Term Care Insurance?

At age 29 you need LTC insurance like a fish needs a bicycle. Wait until you are in your 50's and then decide if you need it or not. And being that you are single with no dependents, don't let someone talk you into buying life insurance either. Trust me, the insurance companies will be fine without ...
by mlebuf
Mon Aug 01, 2016 9:36 pm
Forum: Personal Finance (Not Investing)
Topic: Self insure for LTC using Reverse Mortgage HECM?
Replies: 38
Views: 1793

Re: Self insure for LTC using Reverse Mortgage HECM?

Double post deleted. Sorry.
by mlebuf
Mon Aug 01, 2016 6:54 pm
Forum: Personal Finance (Not Investing)
Topic: Self insure for LTC using Reverse Mortgage HECM?
Replies: 38
Views: 1793

Re: Self insure for LTC using Reverse Mortgage HECM?

All those questions are intriguing. Here's my answer to all of them: I don't know. However I will share with you what I do know. First, I am no authority on matters of investing and finance. However, I have been a student of finance and investing for over 20 years. Over those years I have learned th...
by mlebuf
Mon Aug 01, 2016 12:00 am
Forum: Personal Finance (Not Investing)
Topic: Self insure for LTC using Reverse Mortgage HECM?
Replies: 38
Views: 1793

Re: Self insure for LTC using Reverse Mortgage HECM?

I have the impression that once you secure an HECM, your financing charges and annual FHA insurance premium begin to accrue as a loan balance, even if you have not borrowed against your line of credit. Have you received any information on this in your counseling or mortgage paperwork? I had that sa...
by mlebuf
Sun Jul 31, 2016 7:47 pm
Forum: Personal Finance (Not Investing)
Topic: Self insure for LTC using Reverse Mortgage HECM?
Replies: 38
Views: 1793

Re: Self insure for LTC using Reverse Mortgage HECM?

Thanks for sharing this experience. A few questions: 1) At what index rate formula will the line of credit grow? 2) Would you still find this worthwhile to do if you were not married? 3) What company are you using? To answer your questions in order: 1. I don't have the final figures yet. The house ...
by mlebuf
Sun Jul 31, 2016 5:22 pm
Forum: Personal Finance (Not Investing)
Topic: Self insure for LTC using Reverse Mortgage HECM?
Replies: 38
Views: 1793

Re: Self insure for LTC using Reverse Mortgage HECM?

For what it's worth, I am in the process of getting a reverse mortgage. We have no debt, two pensions, two Social Security incomes, a Vanguard Flagship account, LTC insurance and an expensive home that's paid for. After looking into the matter I opted for the HECM for two basic reasons: 1. My total ...
by mlebuf
Sat Jul 30, 2016 8:57 pm
Forum: Personal Consumer Issues
Topic: What makes people succeed?
Replies: 69
Views: 5521

Re: What makes people succeed?

My only observation is that people vastly underestimate the importance of luck as a key factor of success. The notion of a "self made" person is mostly a myth, IMO. Luck plays a role in everything, and many people do indeed play a role in what success we enjoy: Parents, teachers, mentors,...
by mlebuf
Sat Jul 30, 2016 6:43 pm
Forum: Personal Consumer Issues
Topic: What makes people succeed?
Replies: 69
Views: 5521

Re: What makes people succeed?

Talking about what makes people succeed is meaningless until we define success. Here are my 2 favorite definitions: 1. "There is only one success - to be able to spend your own life your own way." - Christopher Morley 2. "Success is the progressive realization of a worthy ideal."...
by mlebuf
Tue Jul 26, 2016 3:39 am
Forum: Investing - Help with Personal Investments
Topic: Planning for the "new normal": how?
Replies: 49
Views: 5091

Re: Planning for the "new normal": how?

One thing that I struggle with when figuring out how much I'll need for retirement is the uncertainty about what the circumstances will be like when I retire. A rule like "25x annual expenses" is unlikely to cut it when I can't even know what those expenses will be, because I don't know w...
by mlebuf
Fri Jul 22, 2016 1:14 pm
Forum: Personal Finance (Not Investing)
Topic: Early retirees, how much did you leave on the table?
Replies: 202
Views: 14830

Re: Early retirees, how much did you leave on the table?

Here's a question for those who did not retire early: How many years of freedom did you leave on table? That number is easily determined.
by mlebuf
Wed Jul 20, 2016 3:04 pm
Forum: Personal Finance (Not Investing)
Topic: Early retirees, at what age did you "retire"? Is it working out?
Replies: 57
Views: 8051

Re: Early retirees, at what age did you "retire"? Is it working out?

I retired from my job as university professor at age 47. Such an early retirement was made possible by long-term planning, moonlighting and some good luck. At age 35, I saw my salary being eroded by the stagflation of the '70's. I decided to try my hand at writing a trade book on time management to ...
by mlebuf
Sun Jul 17, 2016 7:11 pm
Forum: Personal Finance (Not Investing)
Topic: Traits of Happiest Retirees
Replies: 82
Views: 12047

Re: Traits of Happiest Retirees

Many years ago there was a song whose lyrics concluded that happiness is different things to different people. https://www.youtube.com/watch?v=yeHXahnBAqY No question about that. My take is that for people living in affluent nations, happiness is built on a foundation of 4 pillars regardless of whet...
by mlebuf
Thu Jul 07, 2016 1:29 am
Forum: Investing - Theory, News & General
Topic: Presidential Election Cycle Theory
Replies: 13
Views: 2037

Re: Presidential Election Cycle Theory

Following the 2012 presidential election, a friend called to tell me he was taking all of his money out of the stock market. I begged and pleaded with him not to do that. I told him that political opinions tend to be highly emotional and emotions and investing don't mix. If he did what he said he wa...
by mlebuf
Thu Jul 07, 2016 1:08 am
Forum: Investing - Theory, News & General
Topic: "Why most retirees will never spend down their portfolio" by Michael Kitces
Replies: 89
Views: 10848

Re: "Why most retirees will never spend down their portfolio" by Michael Kitces

The dilemma of leaving too much money on the table when we die is a problem that most Americans would love to have. According to the 2010 Census, the median net worth of retirees, including home equity was under $200,000. http://www.fool.com/investing/general/2015/05/17/americans-average-net-worth-b...
by mlebuf
Mon Jul 04, 2016 6:18 pm
Forum: Local Chapters and Bogleheads Community
Topic: The Declaration of Independence
Replies: 44
Views: 3434

Re: The Declaration of Independence

My best friend of almost 60 years just forwarded me this very special video about the history of The Star Spangled Banner. Learn and enjoy.
https://www.youtube.com/embed/YaxGNQE5ZLA
by mlebuf
Mon Jul 04, 2016 2:51 pm
Forum: Local Chapters and Bogleheads Community
Topic: The Declaration of Independence
Replies: 44
Views: 3434

Re: The Declaration of Independence

Hi Taylor,

Happy Fourth of July to you and all Bogleheads. Here's another video worth watching. Enjoy.

https://www.youtube.com/embed/B2AEkfjc6 ... detailpage
by mlebuf
Thu Jun 30, 2016 1:49 am
Forum: Personal Consumer Issues
Topic: Not legal advice [Seeking advice about HOA ban on swimming pool use]
Replies: 62
Views: 5723

Re: Not legal advice [Seeking advice about HOA ban on swimming pool use]

My HOA experience is that they often act like schoolyard bullies with their attorney playing the role of the head bully. Some try to intimidate homeowners into doing whatever they dictate and believing the HOA can do whatever they want. The best antidote for that garbage is to hire an attorney who s...
by mlebuf
Wed Jun 29, 2016 9:30 pm
Forum: Personal Finance (Not Investing)
Topic: Where were you financially when you were at 30?
Replies: 226
Views: 23977

Re: Where were you financially when you were at 30?

At thirty, most of us are just hitting our stride in our careers. It's the decisions you make before 30 that really propel your wealth after 30. +1 Excellent observation. I tell young people that the choices they make between ages 15 and 25 will have an enormous impact in determining who they becom...
by mlebuf
Wed Jun 29, 2016 4:47 pm
Forum: Personal Finance (Not Investing)
Topic: Where were you financially when you were at 30?
Replies: 226
Views: 23977

Re: Where were you financially when you were at 30?

I was 30 years of age in 1972, single, living in an apartment and owned no real estate. All numbers to follow are in 2016 dollars. My 12-month university teaching salary was about $105,000. I had about $15K in savings/investment but owed about $7500 in student loans. I was making car payments on a 1...
by mlebuf
Mon Jun 27, 2016 3:29 pm
Forum: Investing - Theory, News & General
Topic: Jason Zweig: The More It Hurts, the More You Make
Replies: 35
Views: 6210

Re: Jason Zweig: The More It Hurts, the More You Make

Someone much wiser than I said, "Wall Street is the only place on earth where people run away from a sale." Young investors should be praying for a bear market so they can get more shares for their money. Just the opposite for retirees.
by mlebuf
Sun Jun 26, 2016 7:47 pm
Forum: Personal Finance (Not Investing)
Topic: Dogs scratched my car on country road
Replies: 27
Views: 2857

Re: Dogs scratched my car on country road

I have no ideas on how to repair your scratches. However, "Dogs Scratched My Car on a Country Road" is a great title for a country and western song. Good luck.
by mlebuf
Sun Jun 26, 2016 7:40 pm
Forum: Investing - Theory, News & General
Topic: Plunge and Panic-Do You Get It Now?
Replies: 108
Views: 12524

Re: Plunge and Panic-Do You Get It Now?

Great original post, Paul. Like most Bogleheads, no changed planned here. "This ain't my first rodeo."
by mlebuf
Thu Jun 23, 2016 1:14 am
Forum: Personal Finance (Not Investing)
Topic: Retirement Coaches?
Replies: 52
Views: 3903

Re: Retirement Coaches?

Retirement coaching in Three Easy Steps: 1. Do you have enough money and adequate health care coverage? If the answer is yes, proceed to Step 2. 2. Would you like to stop working? If the answer is yes, proceed to Step 3. 3. Write a letter resignation, if applicable and retire. Trust me, you'll be fi...
by mlebuf
Thu Jun 16, 2016 6:29 pm
Forum: Investing - Theory, News & General
Topic: Psychotherapy Techniques for Maintaining your AA
Replies: 9
Views: 635

Re: Psychotherapy Techniques for Maintaining your AA

On any given day, some people believe that the market is about to crash, while other's believe a boom is just around the corner. The wise person knows what he doesn't know and pays no attention to either hunch. The market will do what the market will do and not what we expect. If the possibility of ...
by mlebuf
Tue Jun 14, 2016 9:18 pm
Forum: Personal Finance (Not Investing)
Topic: Live the Good Life Today vs Save For a Better Life Tomorrow
Replies: 84
Views: 7631

Re: Live the Good Life Today vs Save For a Better Life Tomorrow

The best line I heard about consumption vs. saving was in a documentary about how many professional athletes make millions and squander their fortunes. One savvy player being interviewed told the following story: Coming out of college he was a high draft choice and got an enormous signing bonus. As ...
by mlebuf
Sun Jun 12, 2016 8:20 pm
Forum: Personal Finance (Not Investing)
Topic: Did you retire before normal retirement age?
Replies: 93
Views: 12543

Re: Did you retire before normal retirement age?

I retired from academe at 55 with a state pension and enough in savings to see me through to the end of my days. I’ve never regretted retiring that early. +1 I retired from academe with a pension, cheap healthcare and savings at 47. More free time enabled me to focus on a writing/speaking/consultin...
by mlebuf
Sun Jun 12, 2016 6:24 pm
Forum: Personal Consumer Issues
Topic: Cats in yard, what to do?
Replies: 38
Views: 3036

Re: Cats in yard, what to do?

This is good news. Cats make wonderful pets, but they do not make good feral animals even if neutered. They are not a native species and do a lot of harm to native songbird populations. It will be difficult to deal with those kittens as pets if someone does not begin the task of socializing them. F...
by mlebuf
Sun Jun 12, 2016 6:21 pm
Forum: Personal Consumer Issues
Topic: Cats in yard, what to do?
Replies: 38
Views: 3036

Re: Cats in yard, what to do?

This is good news. Cats make wonderful pets, but they do not make good feral animals even if neutered. They are not a native species and do a lot of harm to native songbird populations. It will be difficult to deal with those kittens as pets if someone does not begin the task of socializing them. F...
by mlebuf
Wed Jun 08, 2016 10:51 pm
Forum: Investing - Theory, News & General
Topic: What are your friends saying about you?
Replies: 127
Views: 11430

Re: What are your friends saying about you?

I don't know and I don't care. Our friendships aren't based on income/net worth. Most are based on common interests, trust and mutual respect. Some friendships are new while others go back over 60 years. Friends come and go. Enemies accumulate.
by mlebuf
Sun Jun 05, 2016 8:48 pm
Forum: Investing - Theory, News & General
Topic: Biggest investing myths
Replies: 39
Views: 3294

Re: Biggest investing myths

Believing that investing experts exist who can time the market or consistently beat the market if you let them manage your money. Anyone who could do so would be so wealthy that he/she wouldn't have to pedal that myth.
by mlebuf
Tue May 31, 2016 2:53 pm
Forum: Personal Consumer Issues
Topic: Would you pay 6x face value to see Hamilton on Broadway?
Replies: 139
Views: 8820

Re: Would you pay 6x face value to see Hamilton on Broadway?

I would pay many times that to avoid going to NYC.
by mlebuf
Sun May 29, 2016 7:34 pm
Forum: Personal Consumer Issues
Topic: I bought the wrong car - know it after 15 days
Replies: 156
Views: 22979

Re: I bought the wrong car - know it after 15 days

Hi LadyIJ, +1 for renting a car at least a week before buying. If I were the Lexus/Acura dealer I would give you a smoking good deal in the hope of getting repeat and referral business from you. Dissatisfied vocal customers can ruin a business. Speak with the owner of the dealerships who has the clo...
by mlebuf
Wed May 25, 2016 12:26 am
Forum: Investing - Theory, News & General
Topic: irreverent??? [Bogleheads' Guide to Investing]
Replies: 19
Views: 2551

Re: irreverent???

That copy was written by our publisher, and we're fine with it. When the entire blurb is read, most folks (including us) feel that it's really meant as a positive, as others have pointed out. I'm sure many on Wall Street and in the financial advising business would feel that it was terribly irrever...
by mlebuf
Tue May 24, 2016 2:36 am
Forum: Investing - Theory, News & General
Topic: irreverent??? [Bogleheads' Guide to Investing]
Replies: 19
Views: 2551

Re: irreverent???

That copy was written by our publisher, and we're fine with it. When the entire blurb is read, most folks (including us) feel that it's really meant as a positive, as others have pointed out. I'm sure many on Wall Street and in the financial advising business would feel that it was terribly irrever...
by mlebuf
Tue May 24, 2016 2:21 am
Forum: Personal Finance (Not Investing)
Topic: Should I buy a house?
Replies: 43
Views: 2464

Re: Should I buy a house?

So, yes. I'm ready to live in a home, though I recognize I certainly don't need to at this point in my life. I appreciate you thinking outside the box on this, but I'm just trying to get reassurance - or constructive criticism - about my financial outlook on this decision. Hi Zeralonde, Buying a fi...
by mlebuf
Fri May 13, 2016 9:37 pm
Forum: Personal Finance (Not Investing)
Topic: What was your hardest retirement transition?
Replies: 61
Views: 9494

Re: What was your hardest retirement transition?

Deciding where to go to lunch on any given day. So many good restaurants, so little time. :sharebeer
by mlebuf
Sun May 08, 2016 9:54 pm
Forum: Local Chapters and Bogleheads Community
Topic: HAPPY BIRTHDAY, MR. BOGLE! May 8, 2016
Replies: 52
Views: 3696

Re: Thank you, Jack!

Taylor Larimore wrote:Bogleheads:

God gave Mr. Bogle a successful heart transplant so that he could continue to make the world a better place for all of us.

Thank you, Jack!

Taylor


I could not have written anything more fitting. Hope you had a great birthday, Jack and many more. We need you.
by mlebuf
Sun May 08, 2016 4:51 am
Forum: Investing - Theory, News & General
Topic: End of Golden Era for Investors...?
Replies: 58
Views: 8957

Re: End of Golden Era for Investors...?

My advice to any young person seeking financial independence and a good life is to pay absolutely no attention to economic forecasters for one simple and obvious reason: Nobody knows the future. Instead of paying attention what other people say about the future, focus on what you can control. You ca...

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