Search found 338 matches

by retire57
Wed Jan 17, 2018 12:16 pm
Forum: Investing - Help with Personal Investments
Topic: Make me feel good about my bond allocation
Replies: 21
Views: 1642

Re: Make me feel good about my bond allocation

Will be interested to see the respones as we are in a similar spot. We went 50/50 in 2016 and our bond allocation looks like a great big drag on our returns. Because it is. We lived through 1987, 2001, and 2008 so we aren't strangers to sub-optimal returns. But, even with all our experience, NOT tim...
by retire57
Sat Jan 13, 2018 12:30 pm
Forum: Personal Finance (Not Investing)
Topic: Getting your spouse on the same page
Replies: 53
Views: 4895

Re: Getting your spouse on the same page

We are fortunate in that my DH of 34 years and I are both collectors and love to spend.

Fortunate, because what we love to collect are shares. Buy, buy, buy!!! :D
by retire57
Sun Jan 07, 2018 5:16 pm
Forum: Investing - Theory, News & General
Topic: Memo to those who have won the game: it's time to quit playing
Replies: 210
Views: 17637

Re: Memo to those who have won the game: it's time to quit playing

I also am letting my equities drift higher. Formerly I had 50% stocks as a target. I'm now thinking a 60% target will be better for the rest of my retirement, which started in 2013. I will win my latest game in two years when I file for SS at age 70. That $3500/month, on top of my annuity income, s...
by retire57
Sun Dec 31, 2017 2:17 pm
Forum: Investing - Help with Personal Investments
Topic: Early Retirement Planning Advice
Replies: 43
Views: 4092

Re: Early Retirement Planning Advice

Agree with the Firecalc suggestion. Health insurance premiums are a big piece of the puzzle. DH and I are pre-Medicare and we pay close to $1000/month for coverage. :o
by retire57
Fri Dec 29, 2017 12:29 pm
Forum: Investing - Help with Personal Investments
Topic: Decision on withdrawals
Replies: 13
Views: 457

Re: Decision on withdrawals

We are in exactly in your position. When the RMD days are upon us, we plan to contribute them to charity as Qualified Charitable Distributions. The QCD is omitted from your AGI whether you itemize or take the standard deduction. This is my understanding. Correct me, Bogleheads if I'm wrong. Just th...
by retire57
Fri Dec 29, 2017 12:28 pm
Forum: Personal Consumer Issues
Topic: A Year of Extreme Frugality
Replies: 48
Views: 4628

Re: A Year of Extreme Frugality

One simple method, and one I have used for a 'no-spend month', is to resist buying any non-food item unless the item is a replacement for another e.g. toothpaste, car battery, refrigerator...
by retire57
Fri Dec 29, 2017 12:19 pm
Forum: Investing - Help with Personal Investments
Topic: Decision on withdrawals
Replies: 13
Views: 457

Re: Decision on withdrawals

We are in exactly in your position. When the RMD days are upon us, we plan to contribute them to charity as Qualified Charitable Distributions. The QCD is omitted from your AGI whether you itemize or take the standard deduction.

This is my understanding. Correct me, Bogleheads if I'm wrong.
by retire57
Thu Dec 28, 2017 12:44 pm
Forum: Personal Finance (Not Investing)
Topic: TurboTax Prices
Replies: 153
Views: 17410

Re: TurboTax Prices

TurboTax Premier (fed + efile + state) is currently $55 on Amazon. Last year I think that was the lowest it got. Thanks for the head's up - dropped $15 - this likely might be the best (legitimate) price we will get. Thanks! Just ordered mine - $21.36 total using reward points and a gift card balanc...
by retire57
Mon Dec 25, 2017 2:23 pm
Forum: Personal Consumer Issues
Topic: What frugal thing did you do today?
Replies: 315
Views: 23049

Re: What frugal thing did you do today?

evilityb wrote:
Mon Dec 25, 2017 12:36 pm
I continued to not have children. It's amazing how much money I've saved with this strategy. :)
+1 :beer
by retire57
Sat Dec 23, 2017 11:19 am
Forum: Personal Finance (Not Investing)
Topic: Has anyone here purchased a home for cash (no mortgages)?
Replies: 39
Views: 3851

Re: Has anyone here purchased a home for cash (no mortgages)?

We did. After much deliberation, this monumental decision came down to a desire for peace-of-mind. 18 years later, we've never once regretted it.
by retire57
Fri Dec 22, 2017 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: Do you see a meaningful change in your income with new Tax Bill?
Replies: 260
Views: 19959

Re: Do you see a meaningful change in your income with new Tax Bill?

Thanks for the calculator link. Looks like we'll save about $850.
by retire57
Wed Dec 20, 2017 9:35 pm
Forum: Personal Finance (Not Investing)
Topic: A meal with friends yields a financial revelation
Replies: 95
Views: 11735

Re: A meal with friends yields a financial revelation

Know what you mean. I had a corollary experience some years ago, before retirement, walking through a casino/hotel. I saw a sweet-looking older couple enjoying some good wine in a nice bar. It suddenly struck me: THAT is what I want from my retirement savings. To be able to sit with DH and cheerfull...
by retire57
Tue Dec 19, 2017 8:23 pm
Forum: Personal Consumer Issues
Topic: How much do you spend on food per month, per person?
Replies: 151
Views: 8962

Re: How much do you spend on food per month, per person?

Was just doing our annual budget review as well and we, 2 of us, average $508/month. This includes food for the whole family (pups too) and wine. We love to cook and don't skimp on ingredients, but we do meal-plan each week. We dine out maybe 4 times a year and always pay cash, so don't track restau...
by retire57
Sun Dec 17, 2017 6:31 pm
Forum: Investing - Theory, News & General
Topic: Do you have bonds in Roths as a retiree?
Replies: 35
Views: 2784

Re: Do you have bonds in Roths as a retiree?

Yes. 100%. Was necessary to achieve our 50/50 AA.
by retire57
Fri Dec 15, 2017 5:00 pm
Forum: Personal Finance (Not Investing)
Topic: Two commas, I'm calling it
Replies: 20
Views: 4674

Re: Two commas, I'm calling it

2 bits,

Great story. Thanks for telling it and ... congratulations! :beer
by retire57
Thu Dec 14, 2017 4:24 pm
Forum: Investing - Help with Personal Investments
Topic: I’ve made huge errors and hope it’s not too late
Replies: 35
Views: 4924

Re: I’ve made huge errors and hope it’s not too late

You are in good shape. DH and I didn't get serious about saving for retirement until we were about your age. And we are doing great despite 2 bear markets along the way. What's made the biggest difference has been living frugally and staying out of debt for 20-plus years. Keep coming back here to st...
by retire57
Thu Dec 14, 2017 12:14 pm
Forum: Investing - Help with Personal Investments
Topic: Reached 50X annual spending. Now what?
Replies: 56
Views: 6229

Re: Reached 50X annual spending. Now what?

We also achieved that goal last year at 58 and 62. Congrats, BTW! We are at 50/50 which has been a bit nettling with this bull run but .... we keep reminding ourselves that in 2008, we were grateful to hold 30% bonds. And yes, having no debt at retirement was a key component of our financial plan.
by retire57
Tue Nov 28, 2017 6:13 pm
Forum: Personal Consumer Issues
Topic: After financial independence, do you lose motivation for work?
Replies: 156
Views: 11562

Re: After financial independence, do you lose motivation for work?

I certainly have. I'm a semi-retired professor and teach online. Lately I think about resigning just about every day. Maybe tomorrow will be the day I do it. :|
by retire57
Sun Nov 26, 2017 5:32 pm
Forum: Personal Finance (Not Investing)
Topic: Regrets for taking SS at 62 or waiting?
Replies: 100
Views: 9467

Re: Regrets for taking SS at 62 or waiting?

OP here. Thanks to all for your thoughtful responses.
by retire57
Thu Nov 23, 2017 10:52 am
Forum: Personal Finance (Not Investing)
Topic: Regrets for taking SS at 62 or waiting?
Replies: 100
Views: 9467

Regrets for taking SS at 62 or waiting?

The current SS discussion has made me curious. Can we hear from those of you who are collecting SS and whether you feel, for your situation, that you made the right decision to claim early or wait?
by retire57
Fri Nov 17, 2017 9:09 am
Forum: Investing - Theory, News & General
Topic: Where did you first learn about investing?
Replies: 98
Views: 5363

Re: Where did you first learn about investing?

A high school class included a months-long assignment that entailed choosing, trading, and tracking stocks. By newspaper, of course; it was the 70's. We even had a field trip to a brokerage firm.
by retire57
Wed Nov 15, 2017 6:02 pm
Forum: Personal Consumer Issues
Topic: Regrets after reaching retirement?
Replies: 42
Views: 4639

Re: Regrets after reaching retirement?

We made some not-so-good financial moves over our working careers, and yet everything worked out just fine. Never been happier.
by retire57
Mon Nov 06, 2017 5:34 pm
Forum: Personal Finance (Not Investing)
Topic: Disposable income... how?
Replies: 106
Views: 10375

Re: Disposable income... how?

Keep doing what you are doing and, one day, those people will look at you and say "How do they do that?".

:beer
by retire57
Sat Nov 04, 2017 1:21 pm
Forum: Personal Finance (Not Investing)
Topic: College student... Financial mess... Need advice...
Replies: 58
Views: 6105

Re: College student... Financial mess... Need advice...

Just accept the fact that you will be stuck with the rent for the duration of the lease. The good news is that you have a place to live in the meantime. Life lessons can be painful and expensive. Get through this tough time and move on.
by retire57
Fri Nov 03, 2017 9:49 am
Forum: Personal Finance (Not Investing)
Topic: Giving up on Quicken? (and expense tracking software altogether)
Replies: 65
Views: 4764

Re: Giving up on Quicken? (and expense tracking software altogether)

If we used Quicken for reconciling only, I would give it up. But we use it to track so many things - our savings rate, charitable contributions, travel expenses, and unexpected expenses, just to name a few. All this info is extremely valuable year-to-year.
by retire57
Tue Oct 24, 2017 8:42 am
Forum: Personal Consumer Issues
Topic: What service do you pay for that you could easily do yourself?
Replies: 57
Views: 5147

Re: What service do you pay for that you could easily do yourself?

Can't stand DIY. Been there. The ability to write a check to avoid tedious chores, maintenance, and repairs was a key motivation to accumulate a nice nest egg (and downsize as well).
by retire57
Wed Oct 18, 2017 4:44 pm
Forum: Personal Finance (Not Investing)
Topic: 2 Commas, Seven Figure
Replies: 19
Views: 3425

Re: 2 Commas, Seven Figure

:beer
by retire57
Tue Oct 17, 2017 4:53 pm
Forum: Personal Finance (Not Investing)
Topic: how long did it take to get used to retirement
Replies: 105
Views: 10812

Re: how long did it take to get used to retirement

It took DH about 20 minutes. I realize how harsh this sounds but ... people who say they don't know what they will do with themselves in retirement have no imagination.
by retire57
Mon Oct 16, 2017 8:41 pm
Forum: Personal Consumer Issues
Topic: Class B RV. Travato vs Roadtrek vs Suggestions?
Replies: 12
Views: 1434

Re: Class B RV. Travato vs Roadtrek vs Suggestions?

Hi Mr. Sandtrap, I'm a fan of the Roadtreks. As a matter of fact, I am writing this from my 2010 RT Popular - all snug in a campground on Lake Erie. I'm on a month-long trip at present, and have traveled solo for 5 years and over 60,000 miles in my beloved Roadie. (DH hates to travel.) You can't bea...
by retire57
Sat Oct 14, 2017 5:41 pm
Forum: Investing - Help with Personal Investments
Topic: First time investing - Invest now or wait?
Replies: 14
Views: 1192

Re: First time investing - Invest now or wait?

We invested a fat wad right before the 2000 tech bust. And we're doing just fine!
by retire57
Sun Oct 08, 2017 6:27 pm
Forum: Investing - Theory, News & General
Topic: Headlines du Jour [Financial news]
Replies: 4
Views: 747

Headlines du Jour [Financial news]

"Financial news doesn’t rhyme but it does repeat itself.” Helpful perspective on offer from this blogger:

http://awealthofcommonsense.com/2017/10 ... at-itself/
by retire57
Sun Oct 08, 2017 5:44 pm
Forum: Personal Finance (Not Investing)
Topic: What do you do with your empty inkjet cartridges?
Replies: 22
Views: 1745

Re: What do you do with your empty inkjet cartridges?

Big box office supply stores will recycle them.
by retire57
Sat Oct 07, 2017 8:10 pm
Forum: Investing - Theory, News & General
Topic: Flagship Reps
Replies: 91
Views: 9459

Re: Flagship Reps

drzzzzz wrote:
Sat Oct 07, 2017 7:57 pm
LadyGeek
That's what makes Vanguard so frustrating at times - different rules, internal processes, inconsistencies, and outcomes based upon who is asking, when it occurs, and whether there is an interest in solving the issue.
That's the case with any organization.
by retire57
Sat Oct 07, 2017 1:29 pm
Forum: Investing - Theory, News & General
Topic: Dividends vs. Capital Gains for Spending Needs?
Replies: 212
Views: 18228

Re: Dividends vs. Capital Gains for Spending Needs?

[/quote] I'm not quite sure but could this be the source of some confusion: The 15% income bracket pays 0% federal qualified dividend tax... but they (retire57) didn't say they were in the 15% income bracket. They may be in the 15% dividend/cap gain bracket, which includes the 25% income bracket amo...
by retire57
Sat Oct 07, 2017 11:01 am
Forum: Personal Finance (Not Investing)
Topic: Growing old without kids or younger caring relatives
Replies: 106
Views: 20459

Re:

Deleted.
by retire57
Sat Oct 07, 2017 10:53 am
Forum: Investing - Theory, News & General
Topic: Dividends vs. Capital Gains for Spending Needs?
Replies: 212
Views: 18228

Re: Dividends vs. Capital Gains for Spending Needs?

The 3 fund portfolio still kicks out a lot of dividends....I'd like to have enough principle to live off dividends some day. We'll see. Why? That might require you to work longer and save more than you really need to. It might also cause you to spend down your retirement too fast. Dividend payouts ...
by retire57
Fri Oct 06, 2017 9:34 pm
Forum: Personal Consumer Issues
Topic: Selling burial plots in Alabama
Replies: 14
Views: 1286

Re: Selling burial plots in Alabama

We have 2 inherited plots to sell and the cemetery admins advised us that Craigslist is the way to go. That was a surprise. Unfortunately, they haven't sold yet but maybe you'll have better luck.
by retire57
Fri Oct 06, 2017 9:46 am
Forum: Personal Finance (Not Investing)
Topic: Retirees, how and how much do you pay for health insurance?
Replies: 33
Views: 4342

Re: Retirees, how and how much do you pay for health insurance?

We pay just under $1K/month for a BC/BS plan carried over from employer. We are 59/63.
by retire57
Thu Oct 05, 2017 5:58 pm
Forum: Investing - Help with Personal Investments
Topic: Millionaire Next Door (Thank you Bogleheads)
Replies: 81
Views: 11952

Re: Millionaire Next Door (Thank you Bogleheads)

Yay!!! :beer BTW, folks always refer to "The Millionaire Next Door", but rarely to Dr. Stanley's other researched-based work "Stop Acting Rich". The latter is an even more informative read, IMO. Congrats to the OP, and thanks for the recommendation to retire57! :sharebeer The author's findings and ...
by retire57
Thu Oct 05, 2017 3:53 pm
Forum: Personal Finance (Not Investing)
Topic: Student Debt Advice
Replies: 17
Views: 1376

Re: Student Debt Advice

LEB1230 wrote:
Thu Oct 05, 2017 2:18 pm
I'd recommend you pick up a copy of The Total Money Makeover by Dave Ramsey and read it. I wish I had read it much earlier in life than I did. Once you are through baby step three come back here for your investing advice.
+1
by retire57
Thu Oct 05, 2017 3:45 pm
Forum: Investing - Help with Personal Investments
Topic: Millionaire Next Door (Thank you Bogleheads)
Replies: 81
Views: 11952

Re: Millionaire Next Door (Thank you Bogleheads)

Yay!!! :beer

BTW, folks always refer to "The Millionaire Next Door", but rarely to Dr. Stanley's other researched-based work "Stop Acting Rich". The latter is an even more informative read, IMO.
by retire57
Thu Oct 05, 2017 7:54 am
Forum: Personal Finance (Not Investing)
Topic: Question on Quicken Willmaker Plus
Replies: 2
Views: 288

Re: Question on Quicken Willmaker Plus

DH and I were both able to complete separate documents with the one program.
by retire57
Wed Oct 04, 2017 10:29 am
Forum: Personal Finance (Not Investing)
Topic: What age did you become debt free and what opportunities did it create?
Replies: 142
Views: 20792

Re: What age did you become debt free and what opportunities did it create?

35, including mortgage. This freedom enabled us to work less and travel more. Of course, being kid-free also dramatically increased our options. :happy
by retire57
Mon Oct 02, 2017 4:56 pm
Forum: Personal Finance (Not Investing)
Topic: Used Car Purchased
Replies: 9
Views: 761

Re: Used Car Purchased

Save for the warranty purchase, you did well. Just pay the remaining balance ASAP and drive it forever. :beer
by retire57
Sun Oct 01, 2017 6:26 pm
Forum: Personal Consumer Issues
Topic: camping trailer...need to change vehicle?
Replies: 44
Views: 2924

Re: camping trailer...need to change vehicle?

That's not much hauling power at all. Even the smallest lightweight trailers start at about 2,000 pounds. Here's a website with wonderful forums full of knowledgeable and experienced people. (Sound familiar? :happy ).

http://www.rv.net/forum/

Good luck with your research!
by retire57
Sun Oct 01, 2017 3:57 pm
Forum: Personal Finance (Not Investing)
Topic: sell an extra car, pay off debt, and roth iras
Replies: 10
Views: 1124

Re: sell an extra car, pay off debt, and roth iras

Sell the RAV4, sell the MSFT shares, put that money plus the savings on the RAV4 payment and insurance for the rest of the year toward the credit card debt. Tighten your belts and make a plan to pay off the rest of credit cards by the end of next year. That should be doable, especially without the ...
by retire57
Sat Sep 30, 2017 7:23 pm
Forum: Personal Finance (Not Investing)
Topic: Two Comma Club
Replies: 17
Views: 4535

Re: Two Comma Club

Any chance you could share how you did it so fast in 4 years coming from sub-zero? It took me 13 years to go from 120K to 1.6 million and that was by beng long in solid stocks and maxing out all my tax advantage accounts every year. Yes, I would be interested to know that as well. Took us 16 years.
by retire57
Sat Sep 30, 2017 12:03 pm
Forum: Personal Consumer Issues
Topic: I bought a car without thinking too much about value
Replies: 45
Views: 4409

Re: I bought a car without thinking too much about value

It's a great car. Drive it forever and, in time, it will look like a bargain!