Search found 1216 matches

by tennisplyr
Fri Jul 21, 2017 5:48 am
Forum: Personal Finance (Not Investing)
Topic: When to stop being "concerned"
Replies: 27
Views: 4916

Re: When to stop being "concerned"

For those of you who remember Alfred E Newman: "What Me Worry?"
by tennisplyr
Thu Jul 20, 2017 3:57 pm
Forum: Investing - Theory, News & General
Topic: Most Americans don't trust financial advisers
Replies: 46
Views: 3604

Re: Most Americans don't trust financial advisers

As Bill Bernstein has said, if you know enough to choose an appropriate financial adviser you don't need one. From reading the Forum for over 15 years, I have noticed that the most egregious posters' financial problems resulted from their financial advisers putting them into inappropriate funds, ch...
by tennisplyr
Wed Jul 19, 2017 7:16 pm
Forum: Investing - Theory, News & General
Topic: Most Americans don't trust financial advisers
Replies: 46
Views: 3604

Re: Most Americans don't trust financial advisers

I disagree with the article's insinuation that people should seek advisers. Investing isn't like any other subject - it's vitally important. Done right, investment returns have the potential to make you more money than your regular job over the course of a lifetime. I think that people should read ...
by tennisplyr
Wed Jul 19, 2017 7:10 pm
Forum: Investing - Theory, News & General
Topic: Most Americans don't trust financial advisers
Replies: 46
Views: 3604

Re: Most Americans don't trust financial advisers

Most investors struggle with determining their risk tolerance. The questionnaires on websites such as Vanguard help, but I've never known an investor who understood his real risk tolerance until he experienced a real bear market. Most people don't understand that a 50% loss requires a 100% gain to ...
by tennisplyr
Wed Jul 19, 2017 9:49 am
Forum: Personal Finance (Not Investing)
Topic: When should my wife and I take our social security?
Replies: 25
Views: 2626

Re: When should my wife and I take our social security?

You should also consider whether taking SS now and investing in it would be better than waiting for age 70. Did some rough calculations awhile back and assuming 6% return, it was better off for my parents to take it now as opposed to larger payment later on as breakeven was in their 90s. +1 I did t...
by tennisplyr
Wed Jul 19, 2017 9:44 am
Forum: Investing - Theory, News & General
Topic: Most Americans don't trust financial advisers
Replies: 46
Views: 3604

Most Americans don't trust financial advisers

While many Americans say they need financial guidance, most don't trust financial advisers a recent Wells Fargo survey shows.

https://www.usatoday.com/story/money/pe ... 103598166/
by tennisplyr
Tue Jul 18, 2017 2:05 pm
Forum: Personal Consumer Issues
Topic: Thinking of Retiring in South Florida
Replies: 13
Views: 1636

Re: Thinking of Retiring in South Florida

We lived on Long Island for most of our lives and moved to FL after a few years of retirement and a few years of snowbirding. We bought a home here a couple of months ago and so far, so good. We know little about the East coast but learned a lot about the Gulf coast through snowbirding. A few words ...
by tennisplyr
Mon Jul 17, 2017 8:11 pm
Forum: Investing - Help with Personal Investments
Topic: Thinking out loud
Replies: 30
Views: 3177

Re: Thinking out loud

Retired in my mid sixties. In the absence of anything else about your life, IMHO I would go for 70/30. You have some time to recover in the event of a downturn. The way I look at it, when you do retire you likely won't need all of your money at one time, so you could nibble away with withdrawals in...
by tennisplyr
Mon Jul 17, 2017 10:35 am
Forum: Investing - Help with Personal Investments
Topic: What to do with company stock plan?
Replies: 17
Views: 477

Re: What to do with company stock plan?

Personally, this happened to me. I just held the stock (as found money) and cashed out when I needed it. I know this isn't very scientific but that's me. I've funded several vacations like this.
by tennisplyr
Mon Jul 17, 2017 10:14 am
Forum: Investing - Help with Personal Investments
Topic: Thinking out loud
Replies: 30
Views: 3177

Re: Thinking out loud

Retired in my mid sixties. In the absence of anything else about your life, IMHO I would go for 70/30. You have some time to recover in the event of a downturn. The way I look at it, when you do retire you likely won't need all of your money at one time, so you could nibble away with withdrawals in ...
by tennisplyr
Mon Jul 17, 2017 10:07 am
Forum: Investing - Help with Personal Investments
Topic: Why Not REIT's?
Replies: 47
Views: 4214

Re: Why Not REIT's?

munemaker wrote:
aristotelian wrote:Concentrating in any sector is inherently riskier than owning the total stock market.


By owning total stock market, you are concentrating in the technology sector as it has the most market weight, right?


Overweighting not concentrating.
by tennisplyr
Sun Jul 16, 2017 7:04 am
Forum: Investing - Theory, News & General
Topic: Is the Total US Stock Market too concentrated?
Replies: 51
Views: 3676

Re: Is the Total US Stock Market too concentrated?

Generally speaking, diversification is good on many levels.
by tennisplyr
Sun Jul 16, 2017 6:57 am
Forum: Personal Consumer Issues
Topic: Does mower brand matter much if they're all Briggs & Stratton engines?
Replies: 58
Views: 4837

Re: Does mower brand matter much if they're all Briggs & Stratton engines?

Had one in an off-brand mower and it lasted like 15 years.
by tennisplyr
Sat Jul 15, 2017 5:29 pm
Forum: Investing - Help with Personal Investments
Topic: What is a typical (ballpark) AA for age 65?
Replies: 25
Views: 1941

Re: What is a typical (ballpark) AA for age 65?

Retired, midsixties here and due to recent home downsizing am at 45/45/10 (stocks/bonds/cash) at the moment. Not making millions but sleep at night. Probably stay in this range for at least 5 years.
by tennisplyr
Sat Jul 15, 2017 3:22 pm
Forum: Personal Consumer Issues
Topic: what's your secret to cleaning inside car windows?
Replies: 47
Views: 3405

Re: what's your secrete to cleaning inside car windows?

Nowizard wrote:Windex works fine for me with paper towels.

Tim


+1
by tennisplyr
Sat Jul 15, 2017 3:20 pm
Forum: Personal Consumer Issues
Topic: Teeth Whitening
Replies: 20
Views: 2264

Re: Teeth Whitening

by tennisplyr
Fri Jul 14, 2017 8:40 pm
Forum: Personal Consumer Issues
Topic: Recommendations...Italy
Replies: 29
Views: 1766

Re: Recommendations...Italy

Been to Italy several times.....lovely country. We've always toured on our own, love the freedom to do what/when we want. Took mass transit to get around. Usually hard to get a bad meal and the history is just fantastic. If I remember, August virtually everything comes to a halt as everyone's on vac...
by tennisplyr
Fri Jul 14, 2017 10:49 am
Forum: Investing - Help with Personal Investments
Topic: Advice on investing proceeds of home sale
Replies: 1
Views: 189

Re: Advice on investing proceeds of home sale

I sold my house in NY with no mortgage. Put the money I thought I'd need the buy a home in FL into an Ally savings account @1.15% as I did not want to lose any of this. I put ~10% of it into a Vanguard fund. Things have worked out well as I bought a nice new home, all cash. Am retired in my midsixti...
by tennisplyr
Fri Jul 14, 2017 7:21 am
Forum: Investing - Theory, News & General
Topic: Fascinating Morningstar Article - Mutual Fund Flows
Replies: 25
Views: 2532

Re: Fascinating Morningstar Article - Mutual Fund Flows

I'm in Vanguard (75%) and Fidelity (25%). Does anyone else believe they shouldn't have all their eggs in one basket??
by tennisplyr
Thu Jul 13, 2017 3:13 pm
Forum: Investing - Theory, News & General
Topic: % bogleheads of overall population
Replies: 70
Views: 7948

Re: % bogleheads of overall population

htdrag11 wrote:+1.

I thought that we're the 1%. :mrgreen:

According to the latest US News and World Report, most folks have about $100k in their savings/retirement account.

It's great to be different!


And the $100k is an average, less if you pull out the more affluent folks.
by tennisplyr
Thu Jul 13, 2017 12:13 pm
Forum: Personal Consumer Issues
Topic: Hotel tipping: how much to leave?
Replies: 72
Views: 3584

Hotel tipping: how much to leave?

We're on an extended road trip and staying at various low key hotels: Comfort Inn, Hampton Inn, etc. How much do you typically leave (per night) for the room attendants?
by tennisplyr
Thu Jul 13, 2017 12:02 pm
Forum: Investing - Theory, News & General
Topic: Retirement is Risky Business
Replies: 41
Views: 6710

Re: Retirement is Risky Business

So we've been told all the reasons why we won't make it, now how about all the reasons why we WILL make it! A very good idea so I will start with a few I believe in: 1) Just as has been the case for the last couple of centuries, owning stocks, bonds and other income producing assets will be profita...
by tennisplyr
Thu Jul 13, 2017 7:39 am
Forum: Investing - Theory, News & General
Topic: Retirement is Risky Business
Replies: 41
Views: 6710

Re: Retirement is Risky Business

So we've been told all the reasons why we won't make it, now how about all the reasons why we WILL make it!
by tennisplyr
Wed Jul 12, 2017 3:53 pm
Forum: Investing - Theory, News & General
Topic: No "sequence of returns risk" what to do about withdrawals
Replies: 35
Views: 2689

Re: No "sequence of returns risk" what to do about withdrawals

So, I retired in early 2011 during the bull market and have been doing just fine. Now that I'm 6+ years into retirement, and luckily avoided a bad sequence of returns, do you think I can do better than a 4% withdrawal. I know this is broad question but I wondering what's a reasonable % to take. I'v...
by tennisplyr
Sun Jul 09, 2017 2:01 pm
Forum: Personal Consumer Issues
Topic: How to compromise on moving
Replies: 10
Views: 998

Re: How to compromise on moving

Just moved to FL after a lifetime in NY...Long Island specifically. Unlike you I grew to dislike the NY area, am in my midsixties and retired 6 years. We snowbirded in FL for several years and really liked it a lot so we moved here. Maybe you want to "test" some areas by renting for a few ...
by tennisplyr
Fri Jul 07, 2017 4:52 pm
Forum: Investing - Theory, News & General
Topic: No "sequence of returns risk" what to do about withdrawals
Replies: 35
Views: 2689

No "sequence of returns risk" what to do about withdrawals

So, I retired in early 2011 during the bull market and have been doing just fine. Now that I'm 6+ years into retirement, and luckily avoided a bad sequence of returns, do you think I can do better than a 4% withdrawal. I know this is broad question but I wondering what's a reasonable % to take. I've...
by tennisplyr
Fri Jul 07, 2017 4:44 pm
Forum: Investing - Help with Personal Investments
Topic: Paid off the Mortgage!
Replies: 73
Views: 5036

Re: Paid off the Mortgage!

Good for you :happy
by tennisplyr
Tue Jul 04, 2017 3:03 pm
Forum: Personal Consumer Issues
Topic: Amtrak Autotrain: Virginia to Florida
Replies: 7
Views: 1221

Re: Amtrak Autotrain: Virginia to Florida

Thanks all, we've booked it!
by tennisplyr
Tue Jul 04, 2017 6:18 am
Forum: Personal Consumer Issues
Topic: Amtrak Autotrain: Virginia to Florida
Replies: 7
Views: 1221

Re: Amtrak Autotrain: Virginia to Florida

Thanks folks. Has anyone else had experiences with the Autotrain experience throughout the country, generally.
by tennisplyr
Mon Jul 03, 2017 7:46 pm
Forum: Personal Consumer Issues
Topic: Amtrak Autotrain: Virginia to Florida
Replies: 7
Views: 1221

Amtrak Autotrain: Virginia to Florida

DW and I are thinking of taking the Autotrain from Lorton, Va to Sanford, Fl on our way back from NY. Was wondering if anyone has taken their car on the train....what is is like, what should I be aware of/look out for or any other experiences and recommendations. We plan on doing it later this month...
by tennisplyr
Sun Jul 02, 2017 6:26 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement withdrawal rates
Replies: 36
Views: 2507

Re: Retirement withdrawal rates

I think it's way too conservative....and I don't even have a million. You have choices along the way. It's not a black and white decision. I spend what I need to spend in retirement, the future is wildly uncertain. But I have lots of options if things go horribly wrong...I could work, cut my expense...
by tennisplyr
Sun Jul 02, 2017 6:21 pm
Forum: Personal Finance (Not Investing)
Topic: FIREcalc says I can retire. Should I ?
Replies: 19
Views: 3723

Re: FIREcalc says I can retire. Should I ?

Use a few different simulators, if there's a convergence of conclusion that's good. If in your heart you feel it's right and more importantly if you feel it's time then do it. You'll never be able to account for everything...the world ending, a 100% drop in the market, a deadly illness, etc etc. Liv...
by tennisplyr
Sun Jul 02, 2017 6:28 am
Forum: Personal Finance (Not Investing)
Topic: Lease New Car?
Replies: 28
Views: 2794

Re: Lease New Car?

Never liked leasing, always wanted to own. However, since 1995, I've been leasing and love it. -new car every 3 years, state of the art -fun changing models -no repairs, little maintenance -frees up cash -not owning a depreciating asset -I feel safer -etc It's kind of like renting v owning a house. ...
by tennisplyr
Thu Jun 29, 2017 6:17 pm
Forum: Personal Consumer Issues
Topic: Best cars for multiple kids
Replies: 51
Views: 3071

Re: Best cars for multiple kids

Honda Odyssey. It's practical and functional. You simply cannot place a value on those electronic sliding doors with small children. Those doors make carpool exponentially easier, and you don't have to worry about your kids damaging other cars in parking lots. It has great safety ratings. It's chea...
by tennisplyr
Thu Jun 29, 2017 6:15 pm
Forum: Investing - Theory, News & General
Topic: Time in the market is more important, But seriously ?
Replies: 60
Views: 7310

Re: Time in the market is more important, But seriously ?

Do what your gut tells you to do, this way you are living life on your terms. No one can predict the future.
by tennisplyr
Thu Jun 29, 2017 4:40 pm
Forum: Investing - Help with Personal Investments
Topic: Investing at 64
Replies: 6
Views: 1037

Re: Investing at 64

I also found this forum in my sixties. There's a lot of good reading on this site in addition to your asking questions. I kind of figured things out myself based on income needs, my expenses, my age, my risk tolerance, portfolio size. Good luck
by tennisplyr
Tue Jun 27, 2017 8:16 pm
Forum: Personal Finance (Not Investing)
Topic: Middle age job blues
Replies: 86
Views: 8502

Re: Middle age job blues

Keep the faith! I was in my fifties and lost a good job. First, I looked for freelance opportunities and found several. While working those I looked for full time jobs. At the age of 58 I landed a job with a Fortune 100 global company. Retired at the age of 61 and am now in my midsixties and living ...
by tennisplyr
Tue Jun 27, 2017 6:57 am
Forum: Personal Consumer Issues
Topic: Cruise With The Grandkids
Replies: 31
Views: 2112

Re: Cruise With The Grandkids

Carnival cruises typically are more family oriented.
by tennisplyr
Tue Jun 27, 2017 6:54 am
Forum: Personal Finance (Not Investing)
Topic: Realtor fee negotiations
Replies: 27
Views: 2328

Re: Realtor fee negotiations

Why not chose another realtor and negotiate a rate, the house will sell....the realtor doesn't drive the house sale, your house does. I negotiated my rate by starting low and worked towards the middle. You may want to look into Redfin, I know nothing about them but heard their fees were low. Good lu...
by tennisplyr
Sat Jun 24, 2017 7:26 pm
Forum: Personal Consumer Issues
Topic: Worth it to attempt repair on A/C condenser?
Replies: 33
Views: 2065

Re: Worth it to attemp repair on A/C condenser?

Try to replace it if you feel comfortable doing it.
by tennisplyr
Sat Jun 24, 2017 6:06 pm
Forum: Personal Consumer Issues
Topic: Fun place to stop overnight en route from Florida Keys to Tampa ( not Disney)
Replies: 35
Views: 2586

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

Sarasota is a good place. Great beaches, Mote acquarium and Myakka State Park.
by tennisplyr
Sat Jun 24, 2017 4:43 pm
Forum: Personal Consumer Issues
Topic: Stop saving and start spending
Replies: 67
Views: 9252

Re: Stop saving and start spending

Live your life now! I'm in my midsixties and retired. When we were younger and working we did things that I'll treasure always. Went to Europe, took summer vacations and cruises. Life is to be lived....within reason. We have friends who have passed away and never made it to retirement. I've always b...
by tennisplyr
Fri Jun 23, 2017 6:35 am
Forum: Investing - Theory, News & General
Topic: "10 Reasons Why Advisers Struggle To Keep Client Portfolios Simple"
Replies: 25
Views: 3896

Re: "10 Reasons Why Advisers Struggle To Keep Client Portfolios Simple"

I don't think it's mostly client driven, rather it's predominately adviser driven. Many advisers make portfolios complex to make investing seem difficult and complex. Because if their clients did indeed figure out how simple it is, they would ask why they need an expert to do it for them. Plus chur...
by tennisplyr
Wed Jun 21, 2017 6:33 am
Forum: Investing - Theory, News & General
Topic: LifeStrategy or Target Retirement Funds?
Replies: 17
Views: 1928

Re: LifeStrategy or Target Retirement Funds?

I own Vanguard Target Funds and DW has Fidelity Freedom, no major complaints.
by tennisplyr
Tue Jun 20, 2017 7:35 am
Forum: Personal Consumer Issues
Topic: House selling - timeline question
Replies: 23
Views: 1830

Re: House selling - timeline question

I sold my home recently and choose to make NO improvement outside of cosmetic things like fresh paint and gardening. Some of our reasons: -too costly without guarantee of payback -probably too time-consuming -were satisfied with lesser home value in a neighborhood that probably couldn't support much...
by tennisplyr
Tue Jun 20, 2017 7:27 am
Forum: Investing - Help with Personal Investments
Topic: A slice and dice question
Replies: 9
Views: 1153

Re: A slice and dice question

Thanks all. I think I'm going to simplify opportunistically in the short term and largely in my tax-advantaged accounts. Also need to bring my DW more into the fold.
by tennisplyr
Sun Jun 18, 2017 6:36 pm
Forum: Investing - Help with Personal Investments
Topic: A slice and dice question
Replies: 9
Views: 1153

A slice and dice question

I'm a slice and dice investor with roughly 15-20 funds across Vanguard and Fidelity. Before everyone starts screaming at me, I know there are a lot of you out there like me. I'm reluctant to start wholesale simplifying things largely for fear of tax implications. My AA is fine as are my diversificat...
by tennisplyr
Sun Jun 18, 2017 6:21 pm
Forum: Personal Finance (Not Investing)
Topic: Income Tax Calculation?
Replies: 18
Views: 1782

Re: Income Tax Calculation?

I like using Taxcaster from TurboTax.

https://turbotax.intuit.com/tax-tools/c ... /taxcaster
by tennisplyr
Sat Jun 17, 2017 6:15 am
Forum: Personal Consumer Issues
Topic: Cataracts & reading glasses
Replies: 31
Views: 2272

Re: Cataracts & reading glasses

Dottie57 wrote:My mom had cataracts. Her vision greatly improved. My advice is to not cheap out on this issue.

I've had a cornea transplant. Vision should be taken seriously.


+1
I was told if I waited too long, my cataracts might be difficult to remove and this would not be good.

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