Search found 235 matches

by SoonerD
Mon Jul 08, 2019 3:04 pm
Forum: Personal Finance (Not Investing)
Topic: If there are no close or trusted relatives close by, who will care for you, pay your bills, etc.
Replies: 140
Views: 11973

Re: If there are no close or trusted relatives close by, who will care for you, pay your bills, etc.

One option for a portion of that (caring for you, making sure you get to doctors and take your medicine) is to move to a CCRC. Much of the financial aspect could be done long distance. Many/most bills that remain beyond the CCRC bill can be put on auto-pay. I don't know much about CCRC's. Do you ha...
by SoonerD
Mon Jul 08, 2019 2:56 pm
Forum: Personal Finance (Not Investing)
Topic: If there are no close or trusted relatives close by, who will care for you, pay your bills, etc.
Replies: 140
Views: 11973

Re: If there are no close or trusted relatives close by, who will care for you, pay your bills, etc.

You move closer to trusted relatives. Thanks for the insightful answer. For some of us, that's not an option (drug addictied siblings, etc.). Given the OPs premise that “If there are no younger, trusted relatives close by...” Livesofts reply is the best possible answer. Now we have new information ...
by SoonerD
Sun Jul 07, 2019 9:36 pm
Forum: Personal Finance (Not Investing)
Topic: Does saving 20% towards retirement starting in your twenties allow you to retire early?
Replies: 144
Views: 15102

Re: Does saving 20% towards retirement starting in your twenties allow you to retire early?

This is a decent starting point. http://www.mrmoneymustache.com/wp-content/uploads/2012/01/mmm-early-retirement-savings-rate.png Source: https://www.mrmoneymustache.com/2012/01/13/the-shockingly-simple-math-behind-early-retirement/ This is an idiotic starting point. Save 5%, which is close to the U...
by SoonerD
Sun Jul 07, 2019 8:14 pm
Forum: Personal Consumer Issues
Topic: Parent giving us money to pay off mortgage
Replies: 17
Views: 3003

Re: Parent giving us money to pay off mortgage

another option is to 'borrow' the $100k from your mom to pay off your mortgage. Draft up a simple IOU for $100k at the applicable AFR, and you can pay her monthly. By using the AFR, you avoid inputed income issues. https://www.investopedia.com/terms/a/applicablefederalrate.asp Can you clarify why y...
by SoonerD
Sun Jul 07, 2019 8:01 pm
Forum: Personal Investments
Topic: Retiree with no retirement accounts
Replies: 34
Views: 4666

Re: Retiree with no retirement accounts

1) upon your demise will she receive mandatory upkeep from your heirs? I Assume not for the basis of my comments. 2) keep the entire $250k in Money Market ($50k) and Vanguard Target Retirement fund, or similar. She doesn’t need earnings on this money (as her SS plus your monthly assistance cover her...
by SoonerD
Sun Jul 07, 2019 11:12 am
Forum: Investing - Theory, News & General
Topic: John Bogle says investors don't need to own international stocks​
Replies: 42
Views: 4823

Re: John Bogle says investors don't need to own international stocks​

...Any chance anyone could summarize in a quick sentence what the consensus is on this statement from Bogle for a brand new noob, please? Int'l stocks - Yep, or Nope? Many people in the forum will say "Bogle was wrong about that," but I don't think it reaches the level of "consensus." Another way t...
by SoonerD
Sun Jul 07, 2019 10:44 am
Forum: Personal Investments
Topic: How to avoid industries I do not want to invest in?
Replies: 55
Views: 4284

Re: How to avoid industries I do not want to invest in?

Your life will be less complicated when you come to terms with the fact that your choices have very little impact at all upon the world in general. I shudder to think of the consequences for the world if everyone thought this way. And it also misses the obvious point that your choices define the ki...
by SoonerD
Sun Jul 07, 2019 12:02 am
Forum: Personal Investments
Topic: How to avoid industries I do not want to invest in?
Replies: 55
Views: 4284

Re: How to avoid industries I do not want to invest in?

Your life will be less complicated when you come to terms with the fact that your choices have very little impact at all upon the world in general. I shudder to think of the consequences for the world if everyone thought this way. And it also misses the obvious point that your choices define the ki...
by SoonerD
Sat Jul 06, 2019 11:44 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: The Historical Imperative For International Diversification
Replies: 347
Views: 20236

Re: Larry Swedroe: The Historical Imperative For International Diversification

It might be nitpicking, but do you believe that an all-U.S. portfolio will only at least match ex-U.S. in "just one possible future?" It's possible, but the point is we don't know. In the face of ignorance about the future, the most prudent course for a passive index investor is to spread one's bet...
by SoonerD
Fri Jul 05, 2019 10:42 pm
Forum: Personal Investments
Topic: I'm beside myself about my dad's investment account
Replies: 32
Views: 5724

Re: I'm beside myself about my dad's investment account

Theclady bug, the dramatic title doesn’t help matters. If you’re the one responsible for your fathers wellbeing calm in the storm is often a good demeanor. Father is responsible party for selecting the advisor, the investment policy, and the performance until his mental acuity declined to the point ...
by SoonerD
Fri Jul 05, 2019 8:18 pm
Forum: Personal Finance (Not Investing)
Topic: Elderly grandparents moving in with parents; what should they plan for?
Replies: 63
Views: 5384

Re: Elderly grandparents moving in with parents; what should they plan for?

My grandparents are moving in with my parents. My parents are in their late 60’s and grandparents are both in their early nineties. Both have been in reasonably good health until this year. Grandpa broke his hip and spent a couple of months in rehab. Grandma has seen a rapid decline in her memory a...
by SoonerD
Fri Jul 05, 2019 7:51 pm
Forum: Personal Investments
Topic: How to avoid industries I do not want to invest in?
Replies: 55
Views: 4284

Re: How to avoid industries I do not want to invest in?

By the way, if many people choose not to invest in particular industries, their stock should rise in yield, rewarding those without scruples. I don’t think price going down is a reward and I doubt the nominal dividend would persist long for new buyers. If OP and her friends sell XYZ and I buy it at...
by SoonerD
Fri Jul 05, 2019 3:33 pm
Forum: Investing - Theory, News & General
Topic: HEDGEFUNDIE's excellent adventure [risk parity strategy using 3x leveraged ETFs]
Replies: 3353
Views: 294462

Re: HEDGEFUNDIE's excellent adventure [risk parity strategy using 3x leveraged ETFs]

I intend to follow this thread. Thanks for sharing your plan and progress.
by SoonerD
Thu Jul 04, 2019 12:00 am
Forum: Personal Finance (Not Investing)
Topic: Big Hospital Bill - Any way to negotiate ?
Replies: 130
Views: 8672

Re: Big Hospital Bill - Anyway to negociate ?

I was under the impression that their contract with the insurance company usually forbids them to negotiate on the reduced insurance rate I was told same thing by an executive at our hospital. I commented that I negotiated a discount on my prior stay. She confirmed that it was a newer policy/ regul...
by SoonerD
Wed Jul 03, 2019 10:03 am
Forum: Personal Finance (Not Investing)
Topic: Big Hospital Bill - Any way to negotiate ?
Replies: 130
Views: 8672

Re: Big Hospital Bill - Anyway to negociate ?

I was under the impression that their contract with the insurance company usually forbids them to negotiate on the reduced insurance rate. I was told same thing by an executive at our hospital. I commented that I negotiated a discount on my prior stay. She confirmed that it was a newer policy/ regu...
by SoonerD
Mon Jul 01, 2019 4:53 pm
Forum: Personal Consumer Issues
Topic: What do you do if you get in an accident?
Replies: 26
Views: 2164

Re: What do you do if you get in an accident?

Since the incident may occur in any community regardless of my knowledge of local police policies I call the police and let them decide if they will or won’t come to the scene. My community has dedicated police personnel who arrive at collisions to create a police report regardless of injury. I have...
by SoonerD
Tue Jun 25, 2019 9:40 pm
Forum: Personal Finance (Not Investing)
Topic: Tax planning for NJ - transferring assets from parents to children
Replies: 16
Views: 1072

Re: Tax planning for NJ - transferring assets from parents to children

Hi All, Wife and I in our 30's and in the top tax bracket, living in NJ. Father is 62, and mother is 58. They both are on Medicaid due to medicaid expansion in NJ; they also have 2 rental properties with net income of about 18,000 from the rental properties annually. This qualifies them for medicai...
by SoonerD
Tue Jun 25, 2019 9:33 pm
Forum: Personal Finance (Not Investing)
Topic: Tax planning for NJ - transferring assets from parents to children
Replies: 16
Views: 1072

Re: Tax planning for NJ - transferring assets from parents to children

booradley83 wrote:
Tue Jun 25, 2019 9:27 pm
Maximizing tax savings? Yes I do actually......
Sir, you might reread your OP. It was not about maximizing tax savings.

I thank God my physicians are men and women of impeccable integrity.
by SoonerD
Tue Jun 25, 2019 9:26 pm
Forum: Personal Finance (Not Investing)
Topic: Tax planning for NJ - transferring assets from parents to children
Replies: 16
Views: 1072

Re: Tax planning for NJ - transferring assets from parents to children

booradley83 wrote:
Tue Jun 25, 2019 9:08 pm
This is just regarding mechanics; it's actually dad's idea.
Don’t hide behind dad. Do you condone it? don’t physicians hold themselves to a higher standard.
by SoonerD
Tue Jun 25, 2019 9:20 pm
Forum: Personal Finance (Not Investing)
Topic: Tax planning for NJ - transferring assets from parents to children
Replies: 16
Views: 1072

Re: Tax planning for NJ - transferring assets from parents to children

Hi All, Wife and I in our 30's and in the top tax bracket, living in NJ. Father is 62, and mother is 58. They both are on Medicaid due to medicaid expansion in NJ; they also have 2 rental properties with net income of about 18,000 from the rental properties annually. This qualifies them for medicai...
by SoonerD
Sat Jun 22, 2019 11:15 pm
Forum: Personal Investments
Topic: Scared about investing large amount of money
Replies: 24
Views: 2655

Re: Scared about investing large amount of money

I know market timing doesn't work but I can't get over the fear of dumping 300k in right now when the market is at all time highs. Any advice? Don’t market-time. Either DCA or lump sum it. If you want highest probability of greater returns you will lump sum it today. If you want to avoid regret tha...
by SoonerD
Sat Jun 15, 2019 1:15 am
Forum: Personal Finance (Not Investing)
Topic: Got a refund today they only would put in back on the visa card. Later I found out that card has been closed nine months
Replies: 22
Views: 2539

Re: Got a refund today they only would put in back on the visa card. Later I found out that card has been closed nine mo

OP, if I were in your shoes I would just wait up to 3-months for a check to arrive. I would make sure the creditor has your current address. If the amount due is large, according to your view, I would call and ask for a supervisor to have him explain the process and timeline. If unsatisfactory, I wo...
by SoonerD
Sat Jun 15, 2019 1:09 am
Forum: Personal Finance (Not Investing)
Topic: Got a refund today they only would put in back on the visa card. Later I found out that card has been closed nine months
Replies: 22
Views: 2539

Re: Got a refund today they only would put in back on the visa card. Later I found out that card has been closed nine mo

What sort of thing leads to a refund on a purchase that was made at least nine months ago? :confused Maybe a far-in-advance alrline ticket? There could be innumerable possibilities, I imagine. When I remodeled repossessed residential real estate it was common for me to purchase excess materials (to...
by SoonerD
Sat Jun 15, 2019 12:59 am
Forum: Personal Finance (Not Investing)
Topic: Got a refund today they only would put in back on the visa card. Later I found out that card has been closed nine months
Replies: 22
Views: 2539

Re: Got a refund today they only would put in back on the visa card. Later I found out that card has been closed nine mo

I closed several credit cards around the same time so I have no idea which one this was. The good news is it is not big money at stake. Why did you close multiple credit cards around the same time? Bayview, that's an interesting question that I wouldn't have thought to ask. Do you suppose the reaso...
by SoonerD
Fri Jun 14, 2019 2:08 pm
Forum: Personal Finance (Not Investing)
Topic: Short-term money needs for Executor of Estate
Replies: 57
Views: 4350

Re: Short-term money needs for Executor of Estate

BrokenMan, before my father became ill with dementia my parents asked me to takeover their financials and day-to-day bill management. We got all the legal papers and they turned over the reins to me, as well as making me executor of their Will. to manage their daily bills I got a new credit card in ...
by SoonerD
Tue Jun 11, 2019 11:34 pm
Forum: Personal Finance (Not Investing)
Topic: Paying for rent is throwing away money...myth?
Replies: 302
Views: 20702

Re: Paying for rent is throwing away money...myth?

If you want to live in a safe very desirable area it makes sense to buy a home instead of renting. Rents in safe and very desirable areas will never stop increasing because there will almost always be increasing demand. Owning a home in safe and desirable places means a home in that area is almost ...
by SoonerD
Tue Jun 11, 2019 12:26 pm
Forum: Personal Finance (Not Investing)
Topic: Late Life/End of Life Expenses
Replies: 38
Views: 4072

Re: Late Life/End of Life Expenses

Godot wrote:
Tue Jun 11, 2019 11:58 am
SoonerD wrote:
Mon Jun 10, 2019 10:00 pm
Barefootgirl wrote:
Mon Jun 10, 2019 6:48 pm


If one does her respect there is no need to let fear mongers lead you to save another million bucks.
What?
Sorry, that was a typo. I meant to write “does her research...”, not “respect”.
by SoonerD
Tue Jun 11, 2019 12:22 pm
Forum: Personal Finance (Not Investing)
Topic: Late Life/End of Life Expenses
Replies: 38
Views: 4072

Re: Late Life/End of Life Expenses

I just read a post elsewhere arguing against the 4% rule for withdrawals for one reason. The person is a physician who treats many high net worth individuals who end up going into nursing homes and burning through their assets until they finally qualify for Medicaid. I think he's arguing for spendi...
by SoonerD
Mon Jun 10, 2019 10:00 pm
Forum: Personal Finance (Not Investing)
Topic: Late Life/End of Life Expenses
Replies: 38
Views: 4072

Re: Late Life/End of Life Expenses

I just read a post elsewhere arguing against the 4% rule for withdrawals for one reason. The person is a physician who treats many high net worth individuals who end up going into nursing homes and burning through their assets until they finally qualify for Medicaid. I think he's arguing for spendi...
by SoonerD
Wed Jun 05, 2019 11:42 pm
Forum: Personal Investments
Topic: How aggressive is your AA? Can you help me with mine?
Replies: 26
Views: 3127

Re: How aggressive is your AA? Can you help me with mine?

I changed to be even more aggressive in 2013 when I bought a home (which, like a pension, increases your tolerance for portfolio risk)... Do you mean a mortgage free home increases ones ability to take more stock market risk? That seems reasonable to me. I would expect increased debt (buying home v...
by SoonerD
Wed Jun 05, 2019 11:31 pm
Forum: Personal Investments
Topic: How aggressive is your AA? Can you help me with mine?
Replies: 26
Views: 3127

Re: How aggressive is your AA? Can you help me with mine?

How aggressive would you make your AA if you were me? Should I be more aggressive and decrease both VTIAX and VBTLX to increase the VTSAX? What percentages would you put next to the 3 fund portfolio (below) for a long term aggressive growth? How long would you keep those percentages in the 3 fund p...
by SoonerD
Wed May 29, 2019 10:54 pm
Forum: Investing - Theory, News & General
Topic: 2% withdrawal rate
Replies: 182
Views: 13748

Re: 2% withdrawal rate

I'm of the opinion that a 2% withdrawal rate or less is the only prudent way to draw on one's portfolio for retirement before the age of 50. Does anyone disagree with this opinion? If so, why? Your statement is egregious; since it is your claim that the entire community of retirement industry exper...
by SoonerD
Wed May 29, 2019 10:40 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford this 2.3 million dollar home?
Replies: 273
Views: 28007

Re: Can I afford this 2.3 million dollar home?

References to "first world problems" in these can I afford a luxury item posts are odd - to me. I've never seen a 3rd world post here - something like I want to trade 2 goats for a pig but I think maybe I should put more mud on the roof first. Posts for all over the world and all income strata are w...
by SoonerD
Wed May 29, 2019 10:35 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford this 2.3 million dollar home?
Replies: 273
Views: 28007

Re: Can I afford this 2.3 million dollar home?

I would not spend more than I can comfortably pay on a 15 year fixed mortgage with one income. This allows for the unfortunate to happen without loosing the home. Too many people (almost all home buying Americans) buy based on what they can afford if things go well - they never consider that they ar...
by SoonerD
Wed May 29, 2019 10:07 pm
Forum: Personal Investments
Topic: Financial Samurai Blog -Passive Income Portfolio - is this guy legit or am I going off track?
Replies: 29
Views: 8639

Re: Financial Samurai Blog -Passive Income Portfolio - is this guy legit or am I going off track?

Another example of a blog where the person says they are retired, but he is not really retired. I quickly noticed that the stated returns don’t match the reports. Meaning, he has a lot more money than he is not showing. It was fun to look at, but not much there. Actually, it's an example of someone...
by SoonerD
Thu May 23, 2019 3:18 pm
Forum: Personal Finance (Not Investing)
Topic: Are you missing a $15,000 payment from CRB FREEDOM?
Replies: 28
Views: 4866

Re: Are you missing a $15,000 payment from CRB FREEDOM?

Posting to follow.

if there is a way to mark a thread to follow it without posting please let me know.
by SoonerD
Thu May 23, 2019 12:43 am
Forum: Investing - Theory, News & General
Topic: "A Set-It-and-Forget-It Target-Date Series From Vanguard"
Replies: 120
Views: 14442

Re: "A Set-It-and-Forget-It Target-Date Series From Vanguard"

I think the Target-Date funds are very overrated. siamond: Are you an adviser? Many adviser's don't like Target Date funds because Target Date portfolios, designed by company experts, make it difficult for adviser's to make money using them. Please read the link in my opening post (OP) to the Morni...
by SoonerD
Wed May 22, 2019 9:23 am
Forum: Personal Finance (Not Investing)
Topic: Why Do Homeowners Have Higher Net Worths than Renters?
Replies: 30
Views: 2557

Re: Why Do Homeowners Have Higher Net Worths than Renters?

Some people are renters because they have have a low new worth and cannot afford a home so that would really skew the selection sample. You also have differences in your phase of life. Many if not most people have a low or even negative net worth when they are in their 20's and are likely renting. ...
by SoonerD
Wed May 22, 2019 9:15 am
Forum: Personal Finance (Not Investing)
Topic: Why Do Homeowners Have Higher Net Worths than Renters?
Replies: 30
Views: 2557

Re: Why Do Homeowners Have Higher Net Worths than Renters?

Statistics show that homeowners have net worths 44x greater than renters. Renting on this site seems to be better sometimes than home ownership and all the costly maintenance / repairs that go with it. But why is net worth still so much higher for homeowners compared to renters? Do you have a sourc...
by SoonerD
Wed May 15, 2019 9:07 pm
Forum: Personal Finance (Not Investing)
Topic: Move out or stay at my parents?
Replies: 70
Views: 5108

Re: Move out or stay at my parents?

I feel sad for you.

If you’re not living in poverty and not of special needs it’s time to try independent manhood. If that doesn’t work your parents will probably have mercy and take you back onto their expense ledger.
by SoonerD
Wed May 15, 2019 8:41 pm
Forum: Investing - Theory, News & General
Topic: Bonds beat S&P500 over last 20 years?
Replies: 40
Views: 3937

Re: Bonds beat S&P500 over last 20 years?

Messing around with morningstar's chart history looking at bond funds for my tIRA lump, and just for fun I usually add the S&P just to see the contrast/neg-correlation. And I oddly saw this: http://i64.tinypic.com/2qdqsnr.png Light blue is S&P and the others are various bond funds. Thesis statement...
by SoonerD
Wed May 15, 2019 8:28 pm
Forum: Investing - Theory, News & General
Topic: Bonds beat S&P500 over last 20 years?
Replies: 40
Views: 3937

Re: Bonds beat S&P500 over last 20 years?

Messing around with morningstar's chart history looking at bond funds for my tIRA lump, and just for fun I usually add the S&P just to see the contrast/neg-correlation. And I oddly saw this: http://i64.tinypic.com/2qdqsnr.png Light blue is S&P and the others are various bond funds. Thesis statement...
by SoonerD
Wed Apr 24, 2019 4:49 am
Forum: Personal Consumer Issues
Topic: Who is buying 1-3 year old used Toyotas and Hondas?
Replies: 114
Views: 12817

Re: Who is buying 1-3 year old used Toyotas and Hondas?

If you believe the mantra of buy one year old and never compare their prices to new... Mike, are you speaking for yourself; when you make major purchase decisions you have difficulty thinking for yourself and fall back on trite mantras? Or do you believe the rest of us are lacking critical thinking...
by SoonerD
Tue Apr 23, 2019 10:43 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 1876
Views: 194881

Re: "S&P 500 Index closes at record high"

moghopper wrote:
Tue Apr 23, 2019 7:47 pm
This forum is often more "religion" than "science".
Science is more religion than it is science!

The mathematics of passive investing in low cost broadly diversified investments is irrefutable. What is religious about the math?

What's the issue that offends you?
by SoonerD
Mon Apr 22, 2019 11:42 pm
Forum: Personal Finance (Not Investing)
Topic: Housing: "Super Savers" vs. the "Rest"...
Replies: 85
Views: 10014

Re: Housing: "Super Savers" vs. the "Rest"...

Approaching this from another direction: LCOL, and our housing costs are about 15% of our take-home pay. We are at the point where we "should" upgrade to a larger house. We have 2200 sq. ft., two kids. But the consideration that keeps us here is that we *like* not being house-poor, and being able t...
by SoonerD
Sun Apr 21, 2019 12:48 am
Forum: Personal Finance (Not Investing)
Topic: Mr. Money Mustache, SWR, and equity allocation
Replies: 524
Views: 42837

Re: Mr. Money Mustache, SWR, and equity allocation

The thought occurs to me that if people were as creative and determined at their jobs as they are trying to figure out ways to get away from their jobs they might enjoy them more and be better compensated. LOL!!!! I suppose that's why you'll work until you die; you're not greedy or fearful, you're ...
by SoonerD
Sat Apr 20, 2019 11:38 pm
Forum: Personal Consumer Issues
Topic: Video Camera to check in on Elderly Parent
Replies: 76
Views: 5499

Re: Video Camera to check in on Elderly Parent

How about a cellular or cordless phone instead of this? I don't care what condition I'm in I don't want to be on someone's CCTV. Agreed. Although I see the point of what's being discussed here, it seems pretty creepy. I would never consent to such things. I expect complete privacy in my home. This ...
by SoonerD
Sat Apr 20, 2019 11:27 pm
Forum: Personal Consumer Issues
Topic: Video Camera to check in on Elderly Parent
Replies: 76
Views: 5499

Re: Video Camera to check in on Elderly Parent

mega317 wrote:
Thu Apr 18, 2019 4:20 pm
jebmke wrote:
Thu Apr 18, 2019 1:38 pm
If I miss a call, it isn't the end of the world.
Absolutely. But there are times it might make your life slightly better.
Absolutely. But there are times it might make your life slightly worse.
by SoonerD
Sat Apr 20, 2019 1:07 am
Forum: Personal Consumer Issues
Topic: How far would you commute?
Replies: 104
Views: 5505

Re: How far would you commute?

For the past 5 years I've worked for a megacorp from home. I accepted this role because it offered work from home option. Over 2000 people use this option. The company has now announced that they are removing the Work from Home option and everyone must commute to an office (which will likely be an ...
by SoonerD
Wed Apr 17, 2019 11:39 pm
Forum: Personal Consumer Issues
Topic: Screening Buyers of Goods on Craigslist
Replies: 30
Views: 3030

Re: Screening Buyers of Goods on Craigslist

Social media profile might be a bit much. In the end it’s a game, if they lowball I simply say “no” if they ask me my bottom line I tell them the asking price. I do not post my phone number and I require theirs when they respond. Tell them you don’t text, the lower the IQ the more they text. The be...