Search found 1018 matches

by Mr.BB
Tue Oct 15, 2019 7:18 am
Forum: Personal Investments
Topic: How much to hold in cash?
Replies: 26
Views: 2221

Re: How much to hold in cash?

We hold the year of expenses in a emergency fund.
The best answer is really what helps you sleep best at night.
by Mr.BB
Mon Oct 14, 2019 5:22 am
Forum: Personal Investments
Topic: Extricating Myself From an Advisor and Investment Bank
Replies: 36
Views: 2177

Re: Extricating Myself From an Advisor and Investment Bank

The way you want to think about your advisor is that he is a business employee of yours (You're paying him) he is not a family member who you see or talk to weekly or monthly. If you think about your relationship with the advisor this way you realize you're probably not as close to him as you think ...
by Mr.BB
Sat Oct 12, 2019 8:19 am
Forum: Personal Investments
Topic: Retirees, when did you start really planning your retirement?
Replies: 53
Views: 4542

Re: Retirees, when did you start really planning your retirement?

abuss368 wrote:
Fri Oct 11, 2019 6:02 pm
Preparing for retirement also includes being debt free or very low debt. This provides so much additional flexibility and a lot less potential stress on a portfolio, especially during periods of market stress.
+1
by Mr.BB
Fri Oct 11, 2019 3:50 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard keeps pushing their financial advisors...why?
Replies: 88
Views: 6227

Re: Vanguard keeps pushing their financial advisors...why?

I found it interesting that in these emails promoting their services there is no unsubscribe button to stop getting these emails. They make you actually go and send them an email asking them to stop; which I did. About 2-3 weeks later I start getting a couple more emails so again I emailed them tell...
by Mr.BB
Thu Oct 10, 2019 4:57 pm
Forum: US Chapters
Topic: Retirement Class of 1998
Replies: 62
Views: 10130

Re: Retirement Class of 1998

Happy belated anniversary Sheepdog! Thank you for sharing. :sharebeer
by Mr.BB
Thu Oct 10, 2019 4:42 pm
Forum: Investing - Theory, News & General
Topic: A great example of single stock risk
Replies: 51
Views: 5146

Re: A great example of single stock risk

I don't know that I have ever heard or seen any advice saying to invest in only one stock. Not invest in nothing but one stock, but employee stock purchase plans and management stock option/RSU plans implicitly urge people to invest significantly in only one stock. Most employers don't suggest that...
by Mr.BB
Tue Oct 08, 2019 7:23 am
Forum: Personal Finance (Not Investing)
Topic: Long term care insurance [looking for information]
Replies: 52
Views: 2991

Re: Long term care insurance [looking for information]

We had a long discussion on this topic here (you will find numerous threads on this). We got all different points of views on it which actually really was very helpful whether I agree with them or not. What it really came down to is the final numbers. What is the coverage (total payout of the insura...
by Mr.BB
Mon Oct 07, 2019 6:41 pm
Forum: Personal Finance (Not Investing)
Topic: Half of Retirees Afraid to Use Savings
Replies: 111
Views: 12088

Re: Half of Retirees Afraid to Use Savings

Young people tend to be relatively fearless, and they become more fearful as they age. OK, I admit, I didn't read any studies....but that seems to be my anecdotal experience. When you are young you feel like you are invincible, no matter what you do to yourself. On the other hand, many old people t...
by Mr.BB
Mon Oct 07, 2019 6:37 pm
Forum: Personal Finance (Not Investing)
Topic: Career Change from Commercial Banking
Replies: 14
Views: 1412

Re: Career Change from Commercial Banking

I don't think you can judge everyone by one experience. Obviously it didn't work out for you, I'm also sure there's a bunch of people that would find it very helpful. We glcoupd have the same discussion about a psychiatrist or any type of doctor, physical therapist, masseuse, etc... With most experi...
by Mr.BB
Sat Oct 05, 2019 4:47 am
Forum: Personal Consumer Issues
Topic: Buying Home with Aging Parent in Mind?
Replies: 13
Views: 1360

Re: Buying Home with Aging Parent in Mind?

Everything they need should be on the first floor if you are not getting a ranch style home. Also, bathroom setup is a big deal, sit down shower and a walk in tub is important as well as guardrails. If your house has stairs, look into a chairlift. Watch out for floor surface changes (I e. Wood floor...
by Mr.BB
Wed Oct 02, 2019 5:08 pm
Forum: Personal Finance (Not Investing)
Topic: Career Change from Commercial Banking
Replies: 14
Views: 1412

Re: Career Change from Commercial Banking

I have not used one. However I know an excellent coach. If you want I can PM you his information. He has a deep background, and works with some major corporations and lectures.
by Mr.BB
Wed Oct 02, 2019 4:59 pm
Forum: Personal Investments
Topic: Eldercare financial planning
Replies: 5
Views: 539

Re: Eldercare financial planning

I think you are going to find that many of these Eldercare planners are still basically financial planners. They may have more in-house components (lawyers for drawing up wills, etc). Most planners can help you figure out the average ongoing costs and how that will work with your current income and ...
by Mr.BB
Wed Oct 02, 2019 3:19 pm
Forum: Personal Finance (Not Investing)
Topic: Career Change from Commercial Banking
Replies: 14
Views: 1412

Re: Career Change from Commercial Banking

This sounds like a perfect time to talk to a career coach.
by Mr.BB
Sat Sep 28, 2019 8:24 am
Forum: Forum Issues and Administration
Topic: Why don't members include location?
Replies: 25
Views: 1658

Re: Why don't members include location?

Everyone has their own level of privacy.
by Mr.BB
Wed Sep 25, 2019 7:15 pm
Forum: Personal Investments
Topic: Merrill Lynch Advisor wants to meet for coffee
Replies: 108
Views: 9097

Re: Merrill Lynch Advisor wants to meet for coffee

krafty81 wrote:
Wed Sep 25, 2019 4:56 pm
I met one of those guys for coffee. His credit card was declined when he tried to pay...did not inspire much confidence! :(
ROFL!
by Mr.BB
Fri Sep 20, 2019 8:27 am
Forum: Personal Consumer Issues
Topic: Moisture and mold found during home inspection
Replies: 53
Views: 2963

Re: Moisture and mold found during home inspection

You seem to have a lot of water issues, you sure you want this place?
by Mr.BB
Thu Sep 19, 2019 11:03 am
Forum: Personal Finance (Not Investing)
Topic: Elderly parents in assisted living with new high costs; seeking advice
Replies: 27
Views: 3410

Re: Elderly parents in assisted living with new high costs; seeking advice

You should find out at what point (every state is different) that Medicad would kick in because their retirement income is depleted.
by Mr.BB
Tue Sep 17, 2019 9:56 am
Forum: Personal Finance (Not Investing)
Topic: "End of Life" Issues
Replies: 30
Views: 3109

Re: "End of Life" Issues

At a certain point you definitely want a DNR drawn up so no one can take unnecessary heroic measures to maintain your life if you don't want it.
by Mr.BB
Mon Sep 16, 2019 4:35 pm
Forum: Personal Finance (Not Investing)
Topic: Helping elderly parents manage finances - pros and cons
Replies: 62
Views: 4757

Re: Helping elderly parents manage finances - pros and cons

You may want to have a talk with her doctor about your concerns before her next checkup to possible include any type of mental cognitive evaluation as part of her checkup.
by Mr.BB
Sun Sep 15, 2019 7:33 pm
Forum: Personal Finance (Not Investing)
Topic: Paying "early" on mortgage may be unwise
Replies: 229
Views: 20382

Re: Paying "early" on mortgage may be unwise

We have paid off our mortgage early. Every time I sent in an extra payment I noted on the check that it was for principal only. One time they didn't do it, I caught it and they had to go back and fix their mistake. Their problem not mine, but we got it right, you do have to have it put towards prin...
by Mr.BB
Sun Sep 15, 2019 7:31 pm
Forum: Personal Consumer Issues
Topic: Do You Tip At Counter Service Restaurants?
Replies: 145
Views: 8740

Re: Do You Tip At Counter Service Restaurants?

what I hate is when I'm at a restaurant and at the bottom of the bill they will show the dollar amount for 15-18 or 20% of a tip which is fine, unless they're including tipping on the total; including tax. That is wrong and should only be pre-taxed amount.
by Mr.BB
Sun Sep 15, 2019 3:40 pm
Forum: Personal Finance (Not Investing)
Topic: Paying "early" on mortgage may be unwise
Replies: 229
Views: 20382

Re: Paying "early" on mortgage may be unwise

We have paid off our mortgage early. Every time I sent in an extra payment I noted on the check that it was for principal only. One time they didn't do it, I caught it and they had to go back and fix their mistake. Their problem not mine, but we got it right, you do have to have it put towards princ...
by Mr.BB
Tue Sep 03, 2019 4:44 pm
Forum: Personal Investments
Topic: Learnings/Regrets from last two recessions
Replies: 91
Views: 12001

Re: Learnings/Regrets from last two recessions

Valuethinker wrote:
Tue Sep 03, 2019 4:03 pm
greg24 wrote:
Tue Sep 03, 2019 3:04 pm
I learned that remaining employed is key.
Yes.
+1
by Mr.BB
Tue Sep 03, 2019 10:18 am
Forum: Personal Consumer Issues
Topic: Not gaining weight on vacation?
Replies: 115
Views: 5604

Re: Not gaining weight on vacation?

Start with the basics. Instead of having a big plate of food at the buffet for breakfast use a small plate. Eat slower put your fork down between bites. ( I bet when you're eating the fork never leaves your hand). When you're done with your breakfast leave the table get out of the dining room, also ...
by Mr.BB
Mon Sep 02, 2019 2:20 pm
Forum: Investing - Theory, News & General
Topic: No Vanguard Customer Support on weekends
Replies: 76
Views: 10722

Re: No Vanguard Customer Support on weekends

JMacDonald wrote:
Sat Aug 24, 2019 10:05 pm
Maybe Edward Jones would be a good alternative to Vanguard for those needing better service. :shock:
That's like saying you'll go to the Sweeny Todd barbershop because you heard he gives a good shave and haircut.
by Mr.BB
Mon Sep 02, 2019 2:16 pm
Forum: Personal Investments
Topic: Bank Financial Planner Suggests Market Linked CD
Replies: 11
Views: 868

Re: Bank Financial Planner Suggests Market Linked CD

Show them what the difference would be for just 1% and you should also take into account any tax implications for the money.
by Mr.BB
Mon Sep 02, 2019 1:52 pm
Forum: Personal Finance (Not Investing)
Topic: When was the most stressful financial time in your life?
Replies: 142
Views: 22148

Re: When was the most stressful financial time in your life?

I had left the only real job I knew after 8 years (I was about 29 yrs old), started a new job and had bought a new car and didn't really have any savings. After a week of training I remember hating it and sitting in the parking lot just wanting to quit. But since I had a new car, I had no choice but...
by Mr.BB
Sun Sep 01, 2019 8:15 pm
Forum: Personal Consumer Issues
Topic: Neighbor wants me to sell her my driveway but parking is tight. Detailed analysis help
Replies: 45
Views: 5729

Re: Neighbor wants me to sell her my driveway but parking is tight. Detailed analysis help

1. Absolutely do not sell your driveway or space. You permanently reduce the value of your property. Forever. And it's sale-ability. 2. You can rent on a month to month basis. The problem with this is that if you ever want it back and discontinue the written rental agreement, there will be hard fee...
by Mr.BB
Sun Sep 01, 2019 4:10 pm
Forum: Investing - Theory, News & General
Topic: Best of Bogleheads - your #1 takeaway
Replies: 151
Views: 14662

Re: Best of Bogleheads - your #1 takeaway

The long term costs of a fund's expense ratio and other fees.
by Mr.BB
Thu Aug 29, 2019 2:59 pm
Forum: Personal Consumer Issues
Topic: Maui Honeymoon Daily Spending Budget
Replies: 39
Views: 2653

Re: Maui Honeymoon Daily Spending Budget

Dont miss the sunrise on Haleakala... Enjoy! I've never done the sunrise on Haleakala. We didn't want to get up at 4AM, so we took our time, drove up the volcano in the afternoon and watched the sunset. It was quite impressive and we weren't deprived of any sleep! :happy I can't compare it and I ma...
by Mr.BB
Thu Aug 29, 2019 1:45 pm
Forum: Personal Consumer Issues
Topic: Maui Honeymoon Daily Spending Budget
Replies: 39
Views: 2653

Re: Maui Honeymoon Daily Spending Budget

We go to Maui all the time, we just there for 8 days earlier this year (Maui No Ka Oi). Food does not have to cost you an arm and a leg there, one day we're going up country so it was later morning we stopped at Costco, got gas (Costco is the best place) cheapest gas on the island) picked up a tray...
by Mr.BB
Thu Aug 29, 2019 7:10 am
Forum: Personal Consumer Issues
Topic: Maui Honeymoon Daily Spending Budget
Replies: 39
Views: 2653

Re: Maui Honeymoon Daily Spending Budget

We go to Maui all the time, we just there for 8 days earlier this year (Maui No Ka Oi). Food does not have to cost you an arm and a leg there, one day we're going up country so it was later morning we stopped at Costco, got gas (Costco is the best place) cheapest gas on the island) picked up a tray ...
by Mr.BB
Fri Aug 16, 2019 12:45 pm
Forum: Personal Consumer Issues
Topic: Woodstock
Replies: 93
Views: 8866

Re: Woodstock

I was able to record Woodstock (the director's cut) on TV. It's 4 hours, absolutely fantastic. Not just some of the musical acts, but the interviews with the people who attended, the guy who help put it all together, the town folks and of course the great video.
by Mr.BB
Thu Aug 15, 2019 8:50 am
Forum: Investing - Theory, News & General
Topic: Why is market timing bad in this case?
Replies: 52
Views: 3261

Re: Why is market timing bad in this case?

As you mentioned, the investors is in it for the long haul
Being 25, it is safe to assumed we are talking 30 to 35 years. Do you think the market will be higher in the future then now? During that time do you think there be other corrections along the way?
by Mr.BB
Mon Aug 12, 2019 7:48 pm
Forum: Investing - Theory, News & General
Topic: [Vanguard ongoing glitches, August 12-13, 2019]
Replies: 256
Views: 16244

Re: Wellesley 56.05% drop today

ginrummy wrote:
Mon Aug 12, 2019 7:00 pm
Fire drill.
+1 :D
by Mr.BB
Mon Aug 12, 2019 5:42 pm
Forum: Investing - Theory, News & General
Topic: [Vanguard ongoing glitches, August 12-13, 2019]
Replies: 256
Views: 16244

Re: Wellesley 56.05% drop today

Im not too worried. If VWINX dropped 56% the rest of the market would of dropped 70%
But it does grab your attention the first time you see it!
by Mr.BB
Mon Aug 12, 2019 5:39 pm
Forum: Investing - Theory, News & General
Topic: [Vanguard ongoing glitches, August 12-13, 2019]
Replies: 256
Views: 16244

Re: Wellesley 56.05% drop today

I happened to glance at my Morningstar portfolio and saw the same thing! I'll bet Vanguard is having some technical problems. I wondered if they got hacked?
by Mr.BB
Sat Aug 10, 2019 8:07 am
Forum: Personal Investments
Topic: Ok to increase 401K contributions before maxing out Roth IRAs?
Replies: 51
Views: 2184

Re: Ok to increase 401K contributions before maxing out Roth IRAs?

If your company gives you matching for your 401k that's free money, you should get as much of that as you can before you do your Roth.
by Mr.BB
Fri Aug 09, 2019 7:52 pm
Forum: Personal Consumer Issues
Topic: Ponder this, BH's... is Ben & Jerry's worth it?
Replies: 142
Views: 10562

Re: Ponder this, BH's... is Ben & Jerry's worth it?

Life is short, enjoy your ice cream, enjoy your life!
by Mr.BB
Fri Aug 09, 2019 7:36 pm
Forum: Personal Finance (Not Investing)
Topic: Pretty much broke --- what would you advise?
Replies: 85
Views: 9563

Re: Pretty much broke --- what would you advise?

He need to get a job (even part time)..since he is collecting SS there are limits on how much he can earn before they start penalizing him for earned income over a certain amount ( I think $15,000?) No. There is no penalty once you reach FRA. This "She is old enough to apply for Social Security. He...
by Mr.BB
Fri Aug 09, 2019 6:03 pm
Forum: Personal Finance (Not Investing)
Topic: Spend safely in Retirement (link to report)
Replies: 4
Views: 1002

Re: Spend safely in Retirement (link to report)

So does this new report by Pfau contradict his earlier recommendations that a person starts off retirement heavily in bonds and then increase to stocks as they get older? I know they want people to wait until 70 to start SS and depending on their situation use a SPIA. Not sure of how this timeline o...
by Mr.BB
Fri Aug 09, 2019 2:12 pm
Forum: Personal Finance (Not Investing)
Topic: Pretty much broke --- what would you advise?
Replies: 85
Views: 9563

Re: Pretty much broke --- what would you advise?

She needs to hold off Social Security as long as possible. He need to get a job (even part time)..since he is collecting SS there are limits on how much he can earn before they start penalizing him for earned income over a certain amount ( I think $15,000?) And as mentioned in previous posts, there ...
by Mr.BB
Thu Aug 08, 2019 4:36 pm
Forum: Personal Investments
Topic: Vanguard customer service
Replies: 44
Views: 2321

Re: Vanguard Customer Service Recently

Vanguard has certainly declined in customer service. I think this is due to a deterioration in the quality and experience of the customer service employees. Vanguard says this is due to growth, internal opportunities for their employees, and more turnover than usual. That's nice for Vanguard. But f...
by Mr.BB
Thu Aug 08, 2019 7:26 am
Forum: Personal Investments
Topic: Helping my CSRS parent navigate meeting with Raymond James CFP
Replies: 35
Views: 3278

Re: Helping my CSRS parent navigate meeting with Raymond James CFP

Just a reminder....the more complex things are, the less beneficial to you.
by Mr.BB
Wed Aug 07, 2019 5:04 pm
Forum: Personal Consumer Issues
Topic: Worth it to upgrade to Main Cabin Extra?
Replies: 76
Views: 4007

Re: Worth it to upgrade to Main Cabin Extra?

$230 round trip to upgrade to a more comfortable seat... well worth it!
by Mr.BB
Wed Aug 07, 2019 2:25 pm
Forum: Personal Investments
Topic: Helping my CSRS parent navigate meeting with Raymond James CFP
Replies: 35
Views: 3278

Re: Helping my CSRS parent navigate meeting with Raymond James CFP

When your meeting with the rep, you should have him calculate in front of your dad (based on the amount your dad has to invest) how much he will be paying in fees for the year. And make sure they include the cost of any front loaded funds and other basic fees.
by Mr.BB
Wed Aug 07, 2019 8:44 am
Forum: Personal Investments
Topic: Helping my CSRS parent navigate meeting with Raymond James CFP
Replies: 35
Views: 3278

Re: Helping my parents

Make sure the advisor shows you all the expense ratio's of all the funds he will show you, as well as ALL the fees that your father will incur if working with him (dividend reinvestment, maintenance fees, fees for transferring out of his firm late on if he chooses..etc)
by Mr.BB
Tue Aug 06, 2019 12:44 pm
Forum: Personal Investments
Topic: Father investing with Edward Jones
Replies: 43
Views: 4514

Re: Father investing with Edward Jones

My guess is that your dad is paying EJ about 2% per year (1% fee + 1% high ERs/loads). So that means on $1.5 million that your dad is withdrawing $45,000 (3%) and EJ is charging $30,000 (2%) per year. That’s a new car every year! Your dad would be much better off moving to Vanguard or Fidelity and ...
by Mr.BB
Tue Aug 06, 2019 12:41 pm
Forum: Personal Investments
Topic: Father investing with Edward Jones
Replies: 43
Views: 4514

Re: Father investing with Edward Jones

What I would do... Watch The Retirement Gamble on PBS with him. https://www.pbs.org/wgbh/frontline/film/retirement-gamble/ If he’s up for the idea of switching to Vanguard and their low fee index funds... transfer in kind to Vanguard and transition to an age appropriate stock/bond mix of the three ...