Search found 252 matches

by retire57
Thu Aug 17, 2017 11:40 am
Forum: Personal Consumer Issues
Topic: Is it worth it? [demanding jobs vs time with family]
Replies: 179
Views: 9925

Re: Is it worth it? [demanding jobs vs time with family]

It's worth the pay-cut to get your life back. At least it was for me.
by retire57
Wed Aug 16, 2017 5:45 pm
Forum: Personal Finance (Not Investing)
Topic: How can I keep track of my monthly spendings?
Replies: 27
Views: 1698

Re: How can I keep track of my monthly spendings?

Quicken. The array of reports you can generate are unlimited. For example, you can examine your monthly, quarterly, yearly spending with a click. I'm not opposed to spreadsheets, but Quicken is far superior. Drudgery -free!
by retire57
Thu Aug 10, 2017 2:37 pm
Forum: Investing - Theory, News & General
Topic: What Percentage CASH are you?
Replies: 90
Views: 6054

Re: What Percentage CASH are you?

I try to keep cash at 1% of our total retirement portfolio value.
by retire57
Sat Aug 05, 2017 5:26 pm
Forum: Personal Finance (Not Investing)
Topic: Quicken's future direction - a cause for concern
Replies: 333
Views: 37014

Re: Quicken's future direction - a cause for concern

I've tried everything else-- nothing does what Quicken does, as well as it does. Unfortunately, this has been my experience as well. Same here. I've spent a lot of effort over the years developing reports that are useful for us. Highly customized data that I can't get anywhere else. Like many other...
by retire57
Fri Aug 04, 2017 8:17 pm
Forum: Personal Finance (Not Investing)
Topic: A poll: How much money do you want to retire?
Replies: 270
Views: 21234

Re: A poll: How much money do you want to retire?

Age 33. Goal is to retire at 50 with $600,000 and a paid off mortgage. Not sure I'm going to make it. I only have $40,000 toward retirement (7% of the goal), and don't have a house yet (but have a 30% down payment ready). Laudable. Just curious -why 600K? It's 25x expenses, which is the common rule...
by retire57
Fri Aug 04, 2017 1:27 pm
Forum: Personal Finance (Not Investing)
Topic: A poll: How much money do you want to retire?
Replies: 270
Views: 21234

Re: A poll: How much money do you want to retire?

LiterallyIronic wrote:Age 33. Goal is to retire at 50 with $600,000 and a paid off mortgage.

Not sure I'm going to make it. I only have $40,000 toward retirement (7% of the goal), and don't have a house yet (but have a 30% down payment ready).
Laudable. Just curious -why 600K?
by retire57
Fri Aug 04, 2017 10:30 am
Forum: Personal Finance (Not Investing)
Topic: Do you count vehicle equity in net worth?
Replies: 203
Views: 9767

Re: Do you count vehicle equity in net worth?

We do. I recognize that cars are depreciating assets, but still assets. Mainly we count them because, when we buy, we pay cash and don't enjoy seeing the resultant decrease in net worth.
by retire57
Wed Aug 02, 2017 7:25 pm
Forum: Personal Finance (Not Investing)
Topic: A poll: How much money do you want to retire?
Replies: 270
Views: 21234

Re: A poll: How much money do you need to retire?

Retired x 1.5 years at 59. (Hence the user name). Our goal was always 1.25 million with no debt, and we achived that right on time. We have 2 pensions and are awaiting SS at FRA. Life is pretty great right now.
by retire57
Tue Aug 01, 2017 7:00 pm
Forum: Personal Consumer Issues
Topic: Wal-Mart Grocery Pick-Up?
Replies: 2
Views: 370

Wal-Mart Grocery Pick-Up?

Anyone use this service? Pros? Cons?
by retire57
Tue Aug 01, 2017 6:43 pm
Forum: Personal Finance (Not Investing)
Topic: Is This Always True Regarding Umbrella Policies?
Replies: 15
Views: 1991

Re: Is This Always True Regarding Umbrella Policies?

PVW wrote:
retire57 wrote:Must you have your vehicle insurance with one carrier in order to obtain umbrella insurance?
No
https://www.rlicorp.com/personal-umbrella-policy
Thanks PVW for the suggestion. RLI worked out.
by retire57
Tue Aug 01, 2017 6:39 pm
Forum: Personal Consumer Issues
Topic: How much should I fix up my house before selling?
Replies: 10
Views: 1785

Re: How much should I fix up my house before selling?

Have you spoken with a realtor? S/he will have the best knowledge of your market and can advise.
by retire57
Mon Jul 31, 2017 3:46 pm
Forum: Investing - Help with Personal Investments
Topic: Tax (and other?) Implications of Spending Dividends
Replies: 11
Views: 965

Re: Tax (and other?) Implications of Spending Dividends

Thanks to you all for your thoughtful perspective!
by retire57
Sun Jul 30, 2017 5:08 pm
Forum: Personal Consumer Issues
Topic: NYT: Buy more takeout and hire a maid, study suggests
Replies: 37
Views: 5875

Re: NYT: Buy more takeout and hire a maid, study suggests

After having aggressively saved for retirement and then obtaining a wholly unexpected large windfall inheritance, my husband and I have come up with the following guideline for spending: yes if will it make our lives better or easier. For us this has meant 1) No new bigger house. Our house which is...
by retire57
Sun Jul 30, 2017 4:40 pm
Forum: Investing - Help with Personal Investments
Topic: Tax (and other?) Implications of Spending Dividends
Replies: 11
Views: 965

Re: Tax (and other?) Implications of Spending Dividends

Do you have a taxable account you could spend dividends from? Would preserve the IRA growth, with the same tax impact short term. Already doing so. But the bulk of those dividends are going toward funding my Roth. (I still work part-time). So that doesn't make much sense, does it? Maybe it's time t...
by retire57
Sun Jul 30, 2017 12:42 pm
Forum: Investing - Help with Personal Investments
Topic: Tax (and other?) Implications of Spending Dividends
Replies: 11
Views: 965

Tax (and other?) Implications of Spending Dividends

I turn 59 and 1/2 next month. Yay! Most people wouldn't consider that a milestone, but we BHs do. DH and I are thinking about spending the dividends from our tax-deferred retirement accounts in order to improve our cash flow. (He's 63 and we plan to delay SS until his FRA). This would increase our t...
by retire57
Sun Jul 30, 2017 10:51 am
Forum: Investing - Theory, News & General
Topic: Living Off Dividends
Replies: 285
Views: 21295

Re: Living Off Dividends

The problems I see with this approach are as follows: 1. The current total market dividend rate is 1.8%. To get a 2.5% dividend rate means selecting a subset of the total market. This in turn opens the question as to whether you can manage the selection of this subset in a way to avoid getting less...
by retire57
Wed Jul 26, 2017 10:08 am
Forum: Investing - Theory, News & General
Topic: Time, not material goods, 'raises happiness'
Replies: 38
Views: 4166

Re: Time, not material goods, 'raises happiness'

That and ability to interact with people on a social level. Retiring with no social support is a big problem. Good gosh, maybe for some of you. I think the woman would be happy if she never had to interact with anyone other than me and her children. And I could pretty much do without people around ...
by retire57
Tue Jul 25, 2017 3:41 pm
Forum: Investing - Theory, News & General
Topic: Living Off Dividends
Replies: 285
Views: 21295

Re: Living Off Dividends

One theme I've noticed running through all these threads about distribution of one's portfolio after retirement is the very large assumption that you will know how you will feel when the time comes. "Well, if I were 70, I would do XYZ ... " As someone 1.5 years into retirement, I can tell...
by retire57
Tue Jul 25, 2017 3:22 pm
Forum: Investing - Theory, News & General
Topic: Living Off Dividends
Replies: 285
Views: 21295

Re: Living Off Dividends

One theme I've noticed running through all these threads about distribution of one's portfolio after retirement is the very large assumption that you will know how you will feel when the time comes. "Well, if I were 70, I would do XYZ ... " As someone 1.5 years into retirement, I can tell ...
by retire57
Tue Jul 25, 2017 2:19 pm
Forum: Investing - Help with Personal Investments
Topic: Money Market Account
Replies: 13
Views: 852

Re: Money Market Account

You don't say if you have an account at a brokerage firm, but if you do you may not have to open a new account anywhere else. For example, if you have a Vanguard account they have a premium money market with a 7 day yield of 1.11% with a $3000 minimum. m Other firms offer similar premium money mark...
by retire57
Mon Jul 24, 2017 11:10 am
Forum: Personal Consumer Issues
Topic: Is Amazon Prime worth it?
Replies: 128
Views: 8899

Re: Is Amazon Prime worth it?

I'm 7 months in to a year-long experiment after dropping our long-held Prime membership. I knew I wouldn't miss Prime Video (we have Netflix) or Kindle Unlimited, but was concerned about added shipping costs. This year, after 14 purchases, we've paid $12.38 for shipping - a savings of $86.62. My stu...
by retire57
Thu Jul 20, 2017 4:58 pm
Forum: Personal Consumer Issues
Topic: How is U-Haul for getting a trailer hitch?
Replies: 28
Views: 2006

Re: How is U-Haul for getting a trailer hitch?

Did a great job on our SUV about 10 years ago. Including a brake hook-up for a travel trailer.
by retire57
Thu Jul 20, 2017 4:15 pm
Forum: Investing - Help with Personal Investments
Topic: Are my parents a good fit for Vanguard Advisory Services?
Replies: 11
Views: 1341

Re: Are my parents a good fit for Vanguard Advisory Services?

I think so. The service is an effective relatively low-cost option for people who aren't interested in managing their own finances. We did the PAS for about a year, but stopped because I missed managing our money. Now I rely upon this board for feedback (free - yet valuable - advice).
by retire57
Thu Jul 20, 2017 12:34 pm
Forum: Personal Consumer Issues
Topic: Keurig vs coffeemaker - and the Keurig won
Replies: 53
Views: 3782

Re: Keurig vs coffeemaker - and the Keurig won

El Greco wrote:I use an old-fashioned electric percolator because nothing else gets the water hotter. The hotter the water the better the coffee. People who own Keurigs RAVE about my coffee. Keurig is Ok in a pinch, most drip coffee makers flat out suck. End of sermon. :happy


+1 !!!
by retire57
Tue Jul 18, 2017 3:31 pm
Forum: Personal Finance (Not Investing)
Topic: Advice Needed - Investing, Saving, Debt reduction
Replies: 26
Views: 2101

Re: Advice Needed - Investing, Saving, Debt reduction

Great progress! In light of the fact that you are behind where you want to be with retirement savings, make that your primary goal. Your kids can always do college somehow. Another poster recommended community college while working part-time. No shame in that and there is some evidence that path is ...
by retire57
Fri Jul 14, 2017 4:52 pm
Forum: Investing - Help with Personal Investments
Topic: Managed account
Replies: 4
Views: 373

Re: Managed account

We were enrolled in the VG PAS for a couple of years as a trial-run, so to speak. But ultimately decided to drop it when we realized that a) our investments are straightforward buy-and-hold index funds b) I enjoy managing our finances, and c)) I can come here for solid (and free!) advice.
by retire57
Fri Jul 14, 2017 3:30 pm
Forum: Investing - Help with Personal Investments
Topic: Paid off the Mortgage!
Replies: 73
Views: 5363

Re: Paid off the Mortgage!

Way to go!!!! We did the same 20 years ago and the air still smells sweeter!
by retire57
Thu Jul 13, 2017 7:50 am
Forum: Personal Finance (Not Investing)
Topic: Do you count vehicle equity in net worth?
Replies: 203
Views: 9767

Re: Do you count vehicle equity in net worth?

Yes, mainly so I can see what the increase in my networth is year over year accurately by counting it and then depreciating it each year. If I didn't count cars in networth then there'd be a ~40k cash outflow the year you buy a car with no asset and it makes it look like the net worth didn't increa...
by retire57
Tue Jul 11, 2017 1:07 pm
Forum: Personal Finance (Not Investing)
Topic: Is This Always True Regarding Umbrella Policies?
Replies: 15
Views: 1991

Re: Is This Always True Regarding Umbrella Policies?

Steelersfan wrote:The surest way to get the definitive answer is to ask your two particular companies.


I've done so, thanks. Now I'm asking you all!
by retire57
Tue Jul 11, 2017 12:08 pm
Forum: Personal Finance (Not Investing)
Topic: Is This Always True Regarding Umbrella Policies?
Replies: 15
Views: 1991

Is This Always True Regarding Umbrella Policies?

Must you have your vehicle insurance with one carrier in order to obtain umbrella insurance?

We have our cars with one company and an RV with another. It looks like both must be with the same issuer?
by retire57
Sat Jul 08, 2017 8:02 pm
Forum: Personal Finance (Not Investing)
Topic: Paying off loan or not
Replies: 10
Views: 1013

Re: Paying off loan or not

Where you are wrong with your thinking is the belief that even a 10-year term is OK. It's not. The opportunity cost alone is horrible. With your salary, you could pay that debt off in 2 years - easy. Just avoid lifestyle inflation and you can be free in 24 short months. This is fair enough. My plan...
by retire57
Sat Jul 08, 2017 9:02 am
Forum: Personal Finance (Not Investing)
Topic: Paying off loan or not
Replies: 10
Views: 1013

Re: Paying off loan or not

Where you are wrong with your thinking is the belief that even a 10-year term is OK. It's not. The opportunity cost alone is horrible.

With your salary, you could pay that debt off in 2 years - easy. Just avoid lifestyle inflation and you can be free in 24 short months.
by retire57
Sat Jul 08, 2017 8:52 am
Forum: Personal Finance (Not Investing)
Topic: Financial check up/Am I ready to buy a house?
Replies: 12
Views: 869

Re: Financial check up/Am I ready to buy a house?

If you do buy a house, you won't have any questions about what to do with your cash flow - it will go toward home expenses. Homeownership entails much much more $ than the mortgage payment.

Pay off your debt first to free-up more $ for repairs and maintenance. Because there is a lot of that.
by retire57
Sat Jul 01, 2017 6:27 pm
Forum: Personal Finance (Not Investing)
Topic: FIREcalc says I can retire. Should I ?
Replies: 19
Views: 3822

Re: FIREcalc says I can retire. Should I ?

delamer wrote:Do you have a COBRA option that would cover at least some of the pre-Medicare period?


We have an interim COBRA plan now, but it's still $900/month for us 2 healthy early-sixties folks. Makes you look forward to 65!
by retire57
Sat Jul 01, 2017 6:15 pm
Forum: Personal Finance (Not Investing)
Topic: Can't find houses less than 3.3x income. Can we afford it?
Replies: 40
Views: 4527

Re: Can't find houses less than 3.3x income. Can we afford it?

Not to be a buzzkill, but .... you're going to need a lot of surplus $ to purchase things you may not own (lawnmower, leaf blower, fireplace tools, guestroom furniture) and services you are not accustomed to (pest control, plumber, electrician). Just saying you need a healthy cash reserve that you w...
by retire57
Sat Jul 01, 2017 5:54 pm
Forum: Investing - Help with Personal Investments
Topic: New to Investing. $25,000 to Invest.
Replies: 20
Views: 1924

Re: New to Investing. $25,000 to Invest.

I would state take care of your debt. The car loan at 4.5% will kill your profits in your investments. After you pay the car you will have even more money to invest monthly. Agreed. Pay off that car debt immediately for a guaranteed return. Then you'll be in great shape, with even more $ to invest ...
by retire57
Fri Jun 30, 2017 2:49 pm
Forum: Investing - Help with Personal Investments
Topic: New to Investing. $25,000 to Invest.
Replies: 20
Views: 1924

Re: New to Investing. $25,000 to Invest.

Debt?

How stable is your job? A cash cushion of 3-6 months living expenses will save you should you become unemployed.

With no debt and a cash cushion, investing it all is a good idea. And good for you for being so careful with your financial decisions at such a young age!
by retire57
Sat Jun 24, 2017 4:20 pm
Forum: Investing - Theory, News & General
Topic: Anyone have a habit of checking the market all day?
Replies: 38
Views: 2628

Re: Anyone have a habit of checking the market all day?

Maybe its because Im a young investor but I find myself checking the market everyday once it opens and periodically throughout the day. I get excited when it goes even by pennies and upset when it goes down.. I have a 3 fund and I really should be taking a set it and forget it approach.. Or at leas...
by retire57
Fri Jun 23, 2017 3:04 pm
Forum: Personal Finance (Not Investing)
Topic: I need a strategy to address debt and savings
Replies: 38
Views: 4176

Re: I need a strategy to address debt and savings

You first priority should be to get that match, because it is "free money." If you start contributing enough to the 401(k) to get the full match, that will cost you about $2000/year after taxes because you are in the 25% federal bracket. (It will be even less if you pay state income tax.)...
by retire57
Fri Jun 23, 2017 2:55 pm
Forum: Personal Finance (Not Investing)
Topic: Can you share some of your financial goals?
Replies: 69
Views: 7813

Re: Can you share some of your financial goals?

Every January I make a table listing savings goals. One column is for the budgeted amount and another is for goal progress. Right now the items in the table include completing my Roth contributions for the year. Next up is setting aside 1% of my portfolio in cash to use for miscellaneous expenses e....
by retire57
Fri Jun 23, 2017 9:32 am
Forum: Personal Finance (Not Investing)
Topic: Early Retirement - what to do about healthcare?
Replies: 228
Views: 25765

Re: Early Retirement - what to do about healthcare?

We were able to continue on DH's employee plan (BC/BS) at a cost of $900/month for both of us. He 62, me 57. Might you have that option?
by retire57
Sun Jun 18, 2017 6:30 pm
Forum: Personal Finance (Not Investing)
Topic: So sick of it! [Paying off student loans]
Replies: 42
Views: 6592

Re: So sick of it! [Paying off student loans]

1. Pay it off tomorrow.
2. Have a big celebration with your family.
3. Enjoy your new and improved cash flow
by retire57
Sun Jun 18, 2017 4:42 pm
Forum: Personal Finance (Not Investing)
Topic: Confused by USAA insurance statement
Replies: 5
Views: 757

Re: Confused by USAA insurance statement

It is needlessly confusing. We have to go to each individual policy account online and look at each balance in order to keep track. I wish the website was more user-friendly. My credit card company makes it simple. Why can't USAA?
by retire57
Sun Jun 18, 2017 3:58 pm
Forum: Personal Finance (Not Investing)
Topic: Early retirement checkup for 38 year old
Replies: 21
Views: 3173

Re: Early retirement checkup for 38 year old

Very impressive! The rosy picture will be even rosier if you can manage to get rid of your mortgage in 5 years instead of 7. Ditto the car payment and, of course, avoiding any additional debt.

You can always work part-time if needed.

Thanks for your years of service.
by retire57
Fri Jun 16, 2017 1:54 pm
Forum: Investing - Help with Personal Investments
Topic: AA with a pension
Replies: 15
Views: 1737

Re: AA with a pension

Will health insurance be deducted from your penion income until you are eligible for SS? Ours is - and the premiums are 60% of DH's net. And we are taxed by the feds for the entire amount.
by retire57
Wed Jun 14, 2017 9:19 pm
Forum: Personal Finance (Not Investing)
Topic: Do You Take Your Credit Card Receipts?
Replies: 85
Views: 6402

Re: Do You Take Your Credit Card Receipts?

Usually. Never know when I'll need to return something. I also save receipts I'll want to itemize later in Quicken to more accurately track expenses.
by retire57
Wed Jun 14, 2017 5:45 pm
Forum: Personal Finance (Not Investing)
Topic: The Average Mortgage?
Replies: 15
Views: 1259

Re: The Average Mortgage?

Even better by Thomas Stanley (author of "Millionaire Next Door") is "Stop Acting Rich". Also based upon research. Amazing on what and how much people spend in a bid to appear affluent.
by retire57
Tue Jun 13, 2017 2:48 pm
Forum: Investing - Help with Personal Investments
Topic: Rebalancing and Taxable Account
Replies: 15
Views: 904

Re: Rebalancing and Taxable Account

livesoft wrote:If I have $10,000 invested in equity funds and they pay me $300, then I will have $9700 in equity funds and $300 in cash. See how the equity funds got knocked back by $300?

If I put that $300 into bond funds, then isn't that an act of rebalancing?


Got it, livesoft. Thanks for the context!
by retire57
Tue Jun 13, 2017 2:31 pm
Forum: Investing - Help with Personal Investments
Topic: Rebalancing and Taxable Account
Replies: 15
Views: 904

Re: Rebalancing and Taxable Account

2.) Should I bite the bullet and reallocate in my taxable account? What have you been doing with the dividends in the taxable account? They help knock down the value of equity funds by 2% to 3% every year, so could go into tax-exempt bond funds in taxable or they can be spent. The June dividends wi...
by retire57
Tue Jun 13, 2017 2:25 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with 18k in Cash?
Replies: 19
Views: 1698

Re: What to do with 18k in Cash?

Pay off the car asap and funnel the money the car has been costing you to your Roth.