Search found 864 matches

by Mr.BB
Sat May 18, 2019 8:56 pm
Forum: Personal Investments
Topic: Help with estimating expenses in retirement
Replies: 12
Views: 988

Re: Help with estimating expenses in retirement

add in $3,000 a year for unexpected stuff. If you don't use it that year then you can roll it into the next year's amount (giving you more of a cushion) for the unexpected things that happen in life and that is not in your budget.
by Mr.BB
Fri May 17, 2019 8:14 am
Forum: Investing - Theory, News & General
Topic: We’ve won the game...but how do we stop playing?
Replies: 72
Views: 6634

Re: We’ve won the game...but how do we stop playing?

Do you know about the rest of her holdings? Does her. social security / pension / possible annuity cover all her expenses or most of them right now, so even if the market crashes she still is okay, and she knows this. It sounds like she actually handle the 2008 crash pretty well with her current hol...
by Mr.BB
Wed May 15, 2019 7:12 am
Forum: Personal Investments
Topic: One time fee only advisor - costs?
Replies: 20
Views: 1788

Re: One time fee only advisor - costs?

Why not get quotes from more advisors? Check out the Garnett Network, you'll be able to find experts with different backgrounds and of course prices.
by Mr.BB
Wed May 15, 2019 7:08 am
Forum: Personal Finance (Not Investing)
Topic: Do you reward yourself for achieving a financial goal?
Replies: 106
Views: 6040

Re: Do you reward yourself for achieving a financial goal?

TomatoTomahto wrote:
Wed May 15, 2019 5:45 am
When we hit a significant milestone, I now buy Kona coffee without feeling like I’m a spendthrift.

I still can’t get myself to splurge on business class tickets.
+1
by Mr.BB
Fri May 10, 2019 9:24 pm
Forum: Investing - Theory, News & General
Topic: Any conservative young investors?
Replies: 68
Views: 6244

Re: Any conservative young investors?

28 living in a medium-high COL area. I'm currently at 80/20 but I have been sorely tempted to just go all-in with one of Vanguard's balanced funds at 60/40. My reasoning is that I don't necessarily need to take the risk. I have a 60% savings rate on a mid-six-figure income and based on historical r...
by Mr.BB
Fri May 10, 2019 9:02 pm
Forum: Personal Finance (Not Investing)
Topic: Cash - Throw it all on the table!!!
Replies: 112
Views: 13825

Re: Cash - Throw it all on the table!!!

We keep basically one year of expenses in cash $60,000 (supplemental savings acct) for cash on hand. We have more saved in other savings accounts, but they are for specific items like new car account or a vacation fund, etc. The good news is that cash( piece of mind), now earns 2%
by Mr.BB
Fri May 10, 2019 8:37 pm
Forum: Investing - Theory, News & General
Topic: 17 of our 18 equity-focused American Funds have delivered index-beating lifetime results.
Replies: 34
Views: 2895

Re: 17 of our 18 equity-focused American Funds have delivered index-beating lifetime results.

403b Salesman gave me this today. Comments? https://www.americanfunds.com/advisor/pdf/shareholder/mfcpfl-132_tcaii.pdf It's misleading at best. I did a spot-check on the American Funds web site looking at prospectus information for some of these funds. The ones I looked at (The Investment Company o...
by Mr.BB
Fri May 10, 2019 5:55 pm
Forum: Personal Finance (Not Investing)
Topic: Term4Sale callbacks trying to upsell?
Replies: 25
Views: 1680

Re: Term4Sale callbacks trying to upsell?

Grt2bOutdoors wrote:
Fri May 10, 2019 5:26 pm
If you're not happy with these 3 agents, you have the right to shop with other agents.
You can try Zander.com or Select Quote or you can shop at an independent insurance broker. Lot's of choices.
+1
by Mr.BB
Fri May 10, 2019 5:53 pm
Forum: Personal Investments
Topic: Time to fire the financial assistant. Help me with the courage.
Replies: 41
Views: 3932

Re: Time to fire the financial assistant. Help me with the courage.

If you really think he is "that nice", just wait until you remove the funds from him. You'll never hear from him again...a "real friend" !
I understand this is not your comfort zone, but remember he has been basically stealing from your mom and you for years! Think about that!
by Mr.BB
Fri May 10, 2019 5:07 pm
Forum: Personal Investments
Topic: Why are intermediate term bonds (VWITX) often recommended on these forums over short term bonds (VWSTX)?
Replies: 24
Views: 2432

Re: Why are intermediate term bonds (VWITX) often recommended on these forums over short term bonds (VWSTX)?

Is that additional .4% yield really worth the 5+ yr interest rate risk? Or am I thinking about this wrong? In other words, why would anyone invest in intermediate term bonds instead of short term bonds with these current yields? I think that one common misperception about bond risk might be underly...
by Mr.BB
Fri May 10, 2019 5:03 pm
Forum: Personal Finance (Not Investing)
Topic: Term4Sale callbacks trying to upsell?
Replies: 25
Views: 1680

Re: Term4Sale callbacks trying to upsell?

An agent's first goal is not to get you the best policy for your needs, but to get you to spend more.
Know your numbers and tell them you know what you need and how much you want to spend. Though it will be interesting to hear all 3 agents offers.
by Mr.BB
Thu May 09, 2019 12:17 am
Forum: Personal Consumer Issues
Topic: Island life?
Replies: 54
Views: 6823

Re: Island life?

1 Island "culture". (IE: Hawaii's local culture is so different than the mainland that it might as well be another country, in context). 2 Pace (what pace? there is none) IE: what time? . . . . when I get there, you get there, everyone gets there. 3 Food (the most authentic best of every culture ev...
by Mr.BB
Wed May 08, 2019 5:00 pm
Forum: Personal Consumer Issues
Topic: Island life?
Replies: 54
Views: 6823

Re: Island life?

Our goal when we retire is to take 2 to 3 months a year and spend a month in Hawaii (Maui's our favorite), maybe a month in Europe somewhere, and a couple weeks somewhere else. We visit Hawaii all the time but living here full-time is not the same as visiting; as the saying goes "absence makes the h...
by Mr.BB
Tue May 07, 2019 11:54 am
Forum: Personal Investments
Topic: I tried to fire my financial advisor of 12 years today...
Replies: 127
Views: 13209

Re: I tried to fire my financial advisor of 12 years today...

just1question wrote:
Tue May 07, 2019 6:37 am
Let me tell you something from personal experience: A FA is not your buddy, pal, or friend. In most cases, once you fire a financial advisor, you are essentially dead to him. That's not friendship. You will get over it quickly.
+1
by Mr.BB
Sun May 05, 2019 1:42 pm
Forum: Personal Investments
Topic: At 28, I Don't See How I Can Make Any Projections for My Retirement Amount or Age?
Replies: 83
Views: 5872

Re: At 28, I Don't See How I Can Make Any Projections for My Retirement Amount or Age?

"If you don't know where your going, any path will do."
A plan is like a road map for your lifetime trip. You can make changes along the way. When you start crunching and understanding the numbers, you will have a better chance of reaching your destination.
by Mr.BB
Tue Apr 30, 2019 1:01 pm
Forum: Personal Finance (Not Investing)
Topic: Retirees: I'm not going to run out
Replies: 62
Views: 8494

Re: Retirees: I'm not going to run out

The difference between bogleheads and most other people is this type of conversation.
by Mr.BB
Sat Apr 27, 2019 8:22 am
Forum: Personal Finance (Not Investing)
Topic: Intro and Personal Finance Advice
Replies: 55
Views: 5117

Re: Intro and Personal Finance Advice

Attention to anyone following my thread! We have 100% paid off all credit card debt! We started with over $10,000 at the beginning of this thread. All spare money went directly to these cards. We finished the last credit off by taking money out of savings. Feels great! Next up is to figure out the ...
by Mr.BB
Fri Apr 26, 2019 6:04 pm
Forum: Personal Finance (Not Investing)
Topic: Advising financially unsavvy family on windfall
Replies: 77
Views: 5660

Re: Advising financially unsavvy family on windfall

You could take an approach of education. If they know something is coming their way, you might say I found this book years ago and it has really made a different in my life. It is my gift to you, and I hope you find it as useful as I have. And just leave it at that. The book is "A Random Walk Down W...
by Mr.BB
Thu Apr 25, 2019 6:20 am
Forum: Personal Investments
Topic: Dump international?
Replies: 228
Views: 14708

Re: Dump international?

If all of your investments are doing well at the same time, you are not diversified.
by Mr.BB
Wed Apr 24, 2019 8:10 pm
Forum: Personal Finance (Not Investing)
Topic: Financial planning for the ill informed
Replies: 35
Views: 3095

Re: Financial planning for the ill informed

Even though you may know and understand the good the bad and ugly of financial planning and how financial planners work the numbers, if someone sees you don't have the "credentials" that a CFP has odds are that they probably won't sign up for your seminar. It's kind of of like saying I know a lot ab...
by Mr.BB
Tue Apr 23, 2019 6:12 am
Forum: Personal Consumer Issues
Topic: How much do you spend on food per month, per person?
Replies: 190
Views: 15376

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

Fresh wild caught fish is the best and it's worth the money.
The cost of being healthy is a lot cheaper then the cost of sick and various diseases.
by Mr.BB
Mon Apr 22, 2019 3:49 am
Forum: Personal Investments
Topic: T. Rowe Price Claims they consistently beat Indexing
Replies: 39
Views: 7285

Re: T. Rowe Price Claims they consistently beat Indexing

We own a large slug of T. Rowe Price Capital Appreciation (PRWCX) and like the fund a lot. We started investing in the fund just before the turn of the century and we add to it each year in our Roth's. We've been through a few management changes, which were announced well in advance, planned for by...
by Mr.BB
Sun Apr 21, 2019 10:56 am
Forum: Personal Investments
Topic: Anyone here have experience with Zacks or Personal Capital managing their investments
Replies: 33
Views: 2530

Re: Anyone here have experience with Zacks or Personal Capital managing their investments

Everything has a cost...even if it is not financial. Let's say they can be the index's average (year after year). Question is by how much? Is a few hundred dollars worth having someone tangle up your holdings so much that when things go bad or you just want out that it becomes a headache just to und...
by Mr.BB
Sun Apr 21, 2019 9:28 am
Forum: Personal Consumer Issues
Topic: For those who like travel, when did you retire and where are the most exciting places you travelled to?
Replies: 110
Views: 8555

Re: For those who like travel, when did you retire and where are the most exciting places you travelled to?

Not retired yet, but we LOVE to travel.
#1 Maui...best place in the world.
Italy
Mexico
Spain
France
by Mr.BB
Sun Apr 21, 2019 8:14 am
Forum: Personal Consumer Issues
Topic: How much do you spend on food per month, per person?
Replies: 190
Views: 15376

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

For 2019
Groceries YTD - 2 of us = $450 per month
Restaurants YTD - 2 of us = $315 per month

This does not include money spent on vacations this year.
by Mr.BB
Sun Apr 21, 2019 8:11 am
Forum: Personal Consumer Issues
Topic: How much do you spend on food per month, per person?
Replies: 190
Views: 15376

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

YTD - 2 of us = $450 a month
by Mr.BB
Fri Apr 19, 2019 6:23 pm
Forum: Personal Finance (Not Investing)
Topic: Wife hates new job...wants to quit after 1 day
Replies: 191
Views: 18763

Re: Wife hates new job...wants to quit after 1 day

While everything about this process (interviewing/questions asked..etc) is still fresh in her head. She should sit down and write out all things she thought she did right, wrong, questions she didn't ask, getting things in writing..etc. When she goes for her next job interview, this experience will ...
by Mr.BB
Fri Apr 19, 2019 6:17 pm
Forum: Personal Investments
Topic: Fire my financial advisor now or later? (recent windfall help needed)
Replies: 61
Views: 6382

Re: Fire my financial advisor now or later? (recent windfall help needed)

In a nut shell...the more complicated a financial plan is, the less beneficial it is to you!
by Mr.BB
Fri Apr 19, 2019 6:16 pm
Forum: Personal Investments
Topic: Fire my financial advisor now or later? (recent windfall help needed)
Replies: 61
Views: 6382

Re: Fire my financial advisor now or later? (recent windfall help needed)

Ask her to supply examples of her funds are doing compared to a total vsic index fund. Demand some examples. How has it done maximizing alpha? How long is this fund been around? How is it doing right now compared to the rest of the market? Using the fund the OP referenced (https://olui2.fs.ml.com/M...
by Mr.BB
Fri Apr 19, 2019 6:15 pm
Forum: Personal Investments
Topic: Can we retire yet? And other related questions...
Replies: 29
Views: 3332

Re: Can we retire yet? And other related questions...

For most people I like the Pension for both husband and wife. Even though it is a little bit less, you never know what the future will hold and it helps protect her more. I agree with the other poster, on reducing some of your 100% equity holdings. As far as SS is concern, you will basically get an ...
by Mr.BB
Fri Apr 19, 2019 2:04 pm
Forum: Personal Investments
Topic: Fire my financial advisor now or later? (recent windfall help needed)
Replies: 61
Views: 6382

Re: Fire my financial advisor now or later? (recent windfall help needed)

Ask her to supply examples of her funds are doing compared to a total vsic index fund. Demand some examples. How has it done maximizing alpha? How long is this fund been around? How is it doing right now compared to the rest of the market?
by Mr.BB
Fri Apr 19, 2019 8:14 am
Forum: Investing - Theory, News & General
Topic: American Funds vs Vanguard
Replies: 69
Views: 4232

Re: American Funds vs Vanguard

My wife's employer's SIMPLE is American Funds through a local broker. The sales loads are nuts. The only available fund without a load is a money market. She's maxed out on her VG Roth IRA, so we deposit enough into the money market to get her up to 12% of gross (also counting what goes into the VG...
by Mr.BB
Fri Apr 19, 2019 7:55 am
Forum: Investing - Theory, News & General
Topic: American Funds vs Vanguard
Replies: 69
Views: 4232

Re: American Funds vs Vanguard

My wife's employer's SIMPLE is American Funds through a local broker. The sales loads are nuts. The only available fund without a load is a money market. She's maxed out on her VG Roth IRA, so we deposit enough into the money market to get her up to 12% of gross (also counting what goes into the VG...
by Mr.BB
Thu Apr 18, 2019 6:28 pm
Forum: Personal Investments
Topic: Anyone here have experience with Zacks or Personal Capital managing their investments
Replies: 33
Views: 2530

Re: Anyone here have experience with Zacks or Personal Capital managing their investments

Can they give you examples of their work and how it was successful in the past? You should also ask them if they ever had negative or lower then expected returns with their portfolio's concentrated choices. if they say they never had that, you know they're lying through their teeth.
by Mr.BB
Thu Apr 18, 2019 5:08 pm
Forum: Personal Investments
Topic: 100% total market index for 10 years, wondering if I should have bonds and international
Replies: 16
Views: 2048

Re: 100% total market index for 10 years, wondering if I should have bonds and international

You are only 28 years old. I wouldn't touch bonds for about 7-10 years (especially if you have a high risk tolerance). If you can tolerate losing 30-40% in a downturn and be smart enough to double down your savings effort when the market is low, you will come out way ahead.
by Mr.BB
Wed Apr 17, 2019 5:42 pm
Forum: Personal Finance (Not Investing)
Topic: In Laws Retirement Nest Egg
Replies: 156
Views: 14396

Re: In Laws Retirement Nest Egg

Thanks all. One thing I will mention... I am not a man, I am a woman, and these are my husbands parents I am talking about. I don't want to ruffle more feathers by suggesting that this makes a difference, but despite the strides our society has made for women and equality, there is still a slight s...
by Mr.BB
Tue Apr 16, 2019 4:54 pm
Forum: Personal Consumer Issues
Topic: Migrating to better weather in retirement -- rent a timeshare or buy a vacation home?
Replies: 21
Views: 1966

Re: Migrating to better weather in retirement -- rent a timeshare or buy a vacation home?

Timeshares are one of the worst, if not the worse than investment you will ever make in your life.
by Mr.BB
Tue Apr 16, 2019 2:33 pm
Forum: Personal Consumer Issues
Topic: Women, How Much Do You Pay for Haircut
Replies: 77
Views: 4151

Re: Women, How Much Do You Pay for Haircut

The price you pay for haircut depends on so many things ;location, education/ quality of the person cutting your hair etc.... Don't forget the tools. The best haircut I ever got in my entire life was years ago at a high-end snooty place in Rehoboth Beach. When I told a knowledgeable person about it...
by Mr.BB
Tue Apr 16, 2019 2:32 pm
Forum: Investing - Theory, News & General
Topic: Fixed Indexed Annuities
Replies: 22
Views: 1176

Re: Fixed Indexed Annuities

There is a person I know who sells fixed indexed annuities. His claim is that the product guarantees that clients benefit from the growth potential of the stock market without any of downside the risk. This honestly sounds too good to be true! When I asked about how this is possible and for him to ...
by Mr.BB
Tue Apr 16, 2019 8:40 am
Forum: Personal Finance (Not Investing)
Topic: Do not use Personal Capital
Replies: 76
Views: 9834

Re: Do not use Personal Capital

If you prefer, you can use Morningstar X-ray. It's pretty easy. You create a comma separated value file in "ticker, value in USD" format and load it in. There are a few ways to get free access. I get it through my TDA account and through a long since drained but still functional TRP account. +1
by Mr.BB
Tue Apr 16, 2019 7:26 am
Forum: Personal Consumer Issues
Topic: Women, How Much Do You Pay for Haircut
Replies: 77
Views: 4151

Re: Women, How Much Do You Pay for Haircut

The price you pay for haircut depends on so many things ;location, education/ quality of the person cutting your hair etc. I knew a girl back in the 80s who work for hair performers. and back then her cut and blow dry was $12 -$18. Hair performers was not a fancy place and it was actually a relative...
by Mr.BB
Mon Apr 15, 2019 11:51 am
Forum: Personal Consumer Issues
Topic: seriously thinking about leaving S. CA but where to?
Replies: 177
Views: 9980

Re: seriously thinking about leaving S. CA but where to?

What about a place like "The Villages" in northern Florida. It is about 75 miles northwest of Orlando. You can get some heavy rains (left over when hurricanes come to land), but I don't think they get much flooding there. You can't beat the taxes. It has a community of 100,000 people and tons of act...
by Mr.BB
Mon Apr 15, 2019 6:56 am
Forum: Personal Consumer Issues
Topic: Women, How Much Do You Pay for Haircut
Replies: 77
Views: 4151

Re: Women, How Much Do You Pay for Haircut

The real question is, what is a good haircut worth to you? if you go somewhere else and you don't like how your haircut was done, was that worth the savings of an extra $7? Remember you're not going for the ambiance, you are going for that person's skill set. I wouldn't care if they were working out...
by Mr.BB
Sun Apr 14, 2019 5:21 pm
Forum: Investing - Theory, News & General
Topic: "Serious Money" book - Free download
Replies: 17
Views: 2386

Re: "Serious Money" book - Free download

Thank you Rick!
by Mr.BB
Sun Apr 14, 2019 2:15 pm
Forum: Personal Investments
Topic: My advisor VS Vanguard's PAS
Replies: 70
Views: 4770

Re: My advisor VS Vanguard's PAS

The question for the OP's advisor (if he says he will put him in lower ER index funds) is why didn't you do this for me before?
by Mr.BB
Sun Apr 14, 2019 8:56 am
Forum: Personal Investments
Topic: Is the disaster scenario for stocks a reason not to invest or pull out of the market?
Replies: 94
Views: 7059

Re: Is the disaster scenario for stocks a reason not to invest or pull out of the market?

" 50% market drops are usually associated with some significant problems in the real economy, not just random market fluctuation. "
Well said DonIce!
by Mr.BB
Sun Apr 14, 2019 8:54 am
Forum: Personal Investments
Topic: What's next when 401K/tIRA are maxed?
Replies: 24
Views: 2821

Re: What's next when 401K/tIRA are maxed?

To see just how much you're paying in fees, open an account at PersonalCapital.com. It's free. Sales calls from the representative are rare. They are easily dissuaded from further contact without resorting to being rude. The reason for that account is they have an excellent composite view of your e...
by Mr.BB
Sat Apr 13, 2019 4:08 pm
Forum: Investing - Theory, News & General
Topic: Adding a Small cap fund
Replies: 18
Views: 1075

Re: Adding a Small cap fund

VSMAX is not a small cap pure play. It actually as quite a bit of mid cap holdings. In fact, it actually has more midcap then it does small cap in it's portfolio. So which vanguard fund would be a pure small cap play? Say if i wanted to create my own Total Stock Market Index fund. I would think I w...
by Mr.BB
Sat Apr 13, 2019 1:10 pm
Forum: Personal Investments
Topic: Is the disaster scenario for stocks a reason not to invest or pull out of the market?
Replies: 94
Views: 7059

Re: Is the disaster scenario for stocks a reason not to invest or pull out of the market?

The real key to all this is are you working? If you are working and earning enough money, you can buy funds/stocks at a big discount etc. It's when you lose your income flow, is what changes everything.
by Mr.BB
Sat Apr 13, 2019 12:44 pm
Forum: Investing - Theory, News & General
Topic: Adding a Small cap fund
Replies: 18
Views: 1075

Re: Adding a Small cap fund

VSMAX is not a small cap pure play. It actually as quite a bit of mid cap holdings. In fact, it actually has more midcap then it does small cap in it's portfolio.