Search found 471 matches

by Mr.BB
Thu Jul 12, 2018 6:11 am
Forum: Personal Finance (Not Investing)
Topic: Credit score after becoming debt free?
Replies: 44
Views: 2828

Re: Credit score after becoming debt free?

We are debt free including our home. After we paid off our house, our credit score dropped about 30 points. We are still in the mid 800's (depending on whose scale you use) so it really has not affected anything. But well worth it not having a mortgage payment.
by Mr.BB
Wed Jul 11, 2018 2:58 pm
Forum: Investing - Help with Personal Investments
Topic: Any Dry Powder Strategies?
Replies: 103
Views: 5649

Re: Any Dry Powder Strategies?

I have 2 parts. 1) Emergency Fund. I try to put a little extra in there to use during a stock market correction. It can be applied toward our Roths or Taxable Funds. Otherwise I don't mind having a little larger than emergency fund for life's emergencies. 2) Bonds - We have bond funds in our SEP acc...
by Mr.BB
Wed Jul 11, 2018 5:21 am
Forum: Personal Consumer Issues
Topic: Replace water heater at end of warranty or repair?
Replies: 31
Views: 1984

Re: Replace water heater at end of warranty or repair?

We just replaced our water heater after 18 years. It was a tall 40 gallon one, definitely got our money out that one. The plumber said the older models used thicker metal casing versus the new ones now. We got an an AO Smith, which got pretty good ratings as far as water heaters go. I researched the...
by Mr.BB
Mon Jul 09, 2018 7:30 pm
Forum: Investing - Theory, News & General
Topic: Is Your Retirement Portfolio All-Weather?
Replies: 7
Views: 1283

Re: Is Your Retirement Portfolio All-Weather?

willthrill81 wrote:
Mon Jul 09, 2018 7:18 pm
Another good article from Ms. Benz. Timely and yet timeless.
+1
by Mr.BB
Sat Jul 07, 2018 5:59 pm
Forum: Personal Consumer Issues
Topic: Anyone Tried Costco Travel Packages?
Replies: 31
Views: 3408

Re: Anyone Tried Costco Travel Packages?

We used them one time for a Maui trip. Got an excellent deal on the hotel and it included the rental car. It's not always the best deal or have what we are looking for but, they are always a good option for comparing with other travel offers.
by Mr.BB
Sat Jul 07, 2018 1:02 pm
Forum: Personal Consumer Issues
Topic: How to tip
Replies: 86
Views: 5071

Re: How to tip

You tip on food total, not including the tip. However, as long as it is good service I make sure that it is 20%. Exceptional service even more.
by Mr.BB
Thu Jul 05, 2018 7:03 am
Forum: Investing - Theory, News & General
Topic: Do Advisers Add $$$ Value?
Replies: 71
Views: 5371

Re: Do Advisers Add $$$ Value?

I meet about every 1-2 years from an adviser from my wife work to do a quick review / long term planning outlook to see if we are on track. It's free so I figure why not. My simple acid test is that if a person cannot answer "why" or "how" to my question then I know they don't have my best interest ...
by Mr.BB
Wed Jul 04, 2018 11:55 am
Forum: Investing - Help with Personal Investments
Topic: Morgan Stanley Wealth Management Thoughts
Replies: 27
Views: 2104

Re: Morgan Stanley Wealth Management Thoughts

I would go find a "fee base" only advisor and get a second opinion. Also, when Morgan Stanley shows you their numbers for moving over to their Wealth Management section do they include "all" the costs for doing business with them; primarily their fees and their fund fees? However, they are correct a...
by Mr.BB
Tue Jul 03, 2018 5:48 pm
Forum: Investing - Help with Personal Investments
Topic: bonds or bond funds?
Replies: 39
Views: 2248

Re: bonds or bond funds?

Any type of savings can lose money. However, bond funds may lose in a year what a stock fund could lose in a week. Bonds are basically the ballast of your portfolio.
by Mr.BB
Tue Jul 03, 2018 5:45 pm
Forum: Investing - Help with Personal Investments
Topic: What’s your plan for a market downturn?
Replies: 114
Views: 9375

Re: What’s your plan for a market downturn?

When the market (equity funds) drops, your allocation in bonds should rise. You can use your bond holdings and exchange them into your equity funds. It is the exact opposite of what people do when they want to take profit (re-allocate) from their equity funds in a bull market and put them in their b...
by Mr.BB
Tue Jul 03, 2018 5:37 pm
Forum: Investing - Help with Personal Investments
Topic: Need Help Investing
Replies: 6
Views: 238

Re: Need Help Investing

This 16-page document is geared to people a bit younger than you, but the basic information is very useful and advocates for Boglehead investing principles: http://www.etf.com/docs/IfYouCan.pdf You definitely need term life insurance for both you and your wife, but stay away from universal life. Yo...
by Mr.BB
Sat Jun 23, 2018 6:33 am
Forum: Investing - Help with Personal Investments
Topic: How to help my teen (14) grow their savings faster?
Replies: 18
Views: 1660

Re: How to help my teen (14) grow their savings faster?

Teach her more. Have her set up a pretend portfolio in Morningstar. Have her add money to the various funds over the course of a year (as if she was having 401k work money withheld per pay period). Let her see happens to her money and show her the style boxes with her portfolio. I would also show he...
by Mr.BB
Tue Jun 19, 2018 4:42 pm
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation for a 26 year old?
Replies: 15
Views: 1370

Re: Asset Allocation for a 26 year old?

Looks good. Glad to see you're not holding any bonds in your 20's. Don't forget about having an emergency fund!
by Mr.BB
Sun Jun 17, 2018 11:42 pm
Forum: Investing - Theory, News & General
Topic: Which boglehead rule do you break--and are ok with
Replies: 152
Views: 11875

Re: Which boglehead rule do you break--and are ok with

How often do you go out to dinner in a month? Depending on where you like to go eat, not going 1-2x a month should cover it. Zero. We only go out to eat when we have restaurant giftcards that we get from watching someone's kids or something. I recently got a giftcard to Olive Garden from work for a...
by Mr.BB
Sun Jun 17, 2018 6:07 pm
Forum: Investing - Theory, News & General
Topic: Which boglehead rule do you break--and are ok with
Replies: 152
Views: 11875

Re: Which boglehead rule do you break--and are ok with

How often do you go out to dinner in a month? Depending on where you like to go eat, not going 1-2x a month should cover it.
by Mr.BB
Sun Jun 17, 2018 12:12 pm
Forum: Personal Consumer Issues
Topic: Bogleheads, tell me about your 40's?
Replies: 179
Views: 37546

Re: Bogleheads, tell me about your 40's?

My friend plays at a level 4/5 tennis, used to do marathons, overall very good shape. What his trainer meant was to keep up a high level of fitness (that is where my friend was 20 years ago, and still is). Working on flexibility, balance works, joint stability work, core, strength, etc. You can and ...
by Mr.BB
Sun Jun 17, 2018 10:56 am
Forum: Investing - Theory, News & General
Topic: Vanguard email about transition fund accounts to new brokerage platform
Replies: 37
Views: 2270

Re: Vanguard email about transition fund accounts to new brokerage platform

I also had a post about this. I keep getting the same email request to change over to their brokerage platform, since by law they cannot do it themselves. I am not going to do it unless they flip the entire current platform over to the brokerage platform.
by Mr.BB
Sun Jun 17, 2018 10:52 am
Forum: Personal Consumer Issues
Topic: Bogleheads, tell me about your 40's?
Replies: 179
Views: 37546

Re: Bogleheads, tell me about your 40's?

A friend of mine personal trainer told him 20 years ago that what he does in the gym now (age 40) will affect him 20 years later. He told me his trainer was completely right.
by Mr.BB
Sat Jun 16, 2018 4:39 am
Forum: Personal Finance (Not Investing)
Topic: can we afford to spend $20K on travel annually
Replies: 89
Views: 6938

Re: can we afford to spend $20K on travel annually

mancich wrote:
Sat Jun 16, 2018 4:29 am
You can absolutely afford it and should do it. Memories with your wife and children are priceless. :happy
+1
by Mr.BB
Sat Jun 16, 2018 4:25 am
Forum: Personal Finance (Not Investing)
Topic: can we afford to spend $20K on travel annually
Replies: 89
Views: 6938

Re: can we afford to spend $20K on travel annually

"One day you will wake up and there won't be any more time to do the things you've always wanted. Do it now.
~Paul Coelho
by Mr.BB
Sat Jun 16, 2018 4:19 am
Forum: Investing - Theory, News & General
Topic: Which boglehead rule do you break--and are ok with
Replies: 152
Views: 11875

Re: Which boglehead rule do you break--and are ok with

I pay extra on my mortgage even though I haven't maxed out my 401k. Does that count as breaking a Boglehead rule? We also don't have life insurance, despite having a one-year-old. It's been on my to-do list, but who has the time? Do you have time to watch SportsCenter or whatever TV shows you like ...
by Mr.BB
Wed Jun 13, 2018 12:29 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone regret paying off mortgage early?
Replies: 456
Views: 102071

Re: Anyone regret paying off mortgage early?

No, glad we did it. Takes a lot pressure off the monthly budget and we can take any extra money (that is not going toward the mortgage payment) and invest it.
by Mr.BB
Tue Jun 12, 2018 1:35 am
Forum: Investing - Theory, News & General
Topic: Interesting video from Ramsey today [How Ramsey Outperforms The Stock Market]
Replies: 127
Views: 10294

Re: Interesting video from Ramsey today [How Ramsey Outperforms The Stock Market]

I listen sometimes to DR on my drive to work. I like some of his ideas on getting out of debt. However he is way off base on his savings approach. He totally misses the point of time being the most valuable asset you can have. Like Warren Buffet says, "You don't need a big snowball, just a big hill....
by Mr.BB
Mon Jun 11, 2018 4:21 pm
Forum: Investing - Help with Personal Investments
Topic: How to convince my co-worker to invest more?
Replies: 47
Views: 3411

Re: How to convince my co-worker to invest more?

Definitely get him the book. I also like simple examples. You could show him on a savings calculator the difference over 40 years what an increase in his savings to the 401k will make (hundred of thousands of dollars), versus waiting 5 or 8 years before he starts increasing, the numbers are staggeri...
by Mr.BB
Thu Jun 07, 2018 7:22 am
Forum: Personal Consumer Issues
Topic: What commuter car provides the best long term financial value?
Replies: 84
Views: 6751

Re: What commuter car provides the best long term financial value?

I drive about the same amount of miles you do per year. The last three cars have all been Honda Civics EX models. My first one was 2002 it went till 2007 about 134,000 miles My second one was 2007 lasted till 2017 had about 270,000 miles. I'm on my third Honda right now, I got last year my 2017 mode...
by Mr.BB
Mon Jun 04, 2018 5:53 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard platform
Replies: 23
Views: 2237

Re: Vanguard platform

Why stay with 19th century stuff, jump to the 21st century and join the FUN. Your money, your portfolio, your decision. Gracias por leer / cfs I agree... which is why I an NOT moving until they make me.... I have one acct in the new and wish I'd never done that - they convinced me my issues would b...
by Mr.BB
Mon Jun 04, 2018 3:33 am
Forum: Personal Consumer Issues
Topic: 6 hour layover on Heathrow
Replies: 54
Views: 4740

Re: 6 hour layover on Heathrow

With the time it takes to get from the airport to the downtown area, you wouldn't have much time to look around and then you will have to deal with going through TSA/security again. You would be better off taking the money and relaxing in one of the club lounges. Some of them even have showers and d...
by Mr.BB
Sun Jun 03, 2018 4:08 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard platform
Replies: 23
Views: 2237

Re: Vanguard platform

livesoft wrote:
Sun Jun 03, 2018 3:16 pm
Who knows? Maybe they will offer holdouts $100 to switch? :)

Ever been on a plane when they ask for volunteers who will get voucher to be bumped?
+1
by Mr.BB
Sun Jun 03, 2018 3:13 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard platform
Replies: 23
Views: 2237

Vanguard platform

I do not have a brokerage account with Vanguard, and I use their old platform; although simple in it's layout, works great for me. We have my SEP our ROTHS and basic mutual funds (2) with them. I got an email saying they are retiring the old platform and are transitioning to the new one (which I bel...
by Mr.BB
Tue May 29, 2018 5:54 pm
Forum: Personal Finance (Not Investing)
Topic: I've never budgeted sucessfully
Replies: 59
Views: 5068

Re: I've never budgeted sucessfully

I use Quicken. I simply download our credit card information a couple times a month The key is making sure your categories are updated correctly and then most importantly you have to track your cash. A few dollars here there really does add up. A car wash , a cup of coffee, etc...you will probably f...
by Mr.BB
Tue May 29, 2018 5:50 pm
Forum: Personal Finance (Not Investing)
Topic: I've never budgeted sucessfully
Replies: 59
Views: 5068

Re: I've never budgeted sucessfully

White Coat Investor wrote:
Wed May 23, 2018 10:59 pm
Budgeting is a lot of work, but it's a commitment to your financial future.
+1
by Mr.BB
Sat May 26, 2018 5:00 pm
Forum: Investing - Help with Personal Investments
Topic: Investment Strategy at 55
Replies: 16
Views: 2956

Re: Investment Strategy at 55

I would definitely move the money out of ML. A target date fund is always good, but you can also look at Wellesley and Wellington funds as options (Wellesley is a little more conservative). I am a big believer in having an emergency fund, and if your mom is working for herself her income can really ...
by Mr.BB
Sat May 26, 2018 4:50 pm
Forum: Personal Consumer Issues
Topic: Near commercial level treadmill
Replies: 36
Views: 2787

Re: Near commercial level treadmill

Precor is the best brand out there. Not as fancy as some of the other brands, but that is because they put their money into better belts/ frame and motor.
by Mr.BB
Tue May 22, 2018 6:04 am
Forum: Investing - Help with Personal Investments
Topic: $1,700,000 from family trust...
Replies: 83
Views: 10450

Re: $1,700,000 from family trust...

Congratulations on your inheritance! I completely agree about paying off all credit cards and mortgage. There is a lot of freedom when you have no debt. I would recommend that you nothing for 60 days once you receive your money. I'm sure you already have been playing out about 10,000 different scena...
by Mr.BB
Tue May 15, 2018 3:17 pm
Forum: Personal Consumer Issues
Topic: Hawaii vacation suggestions
Replies: 40
Views: 4897

Re: Hawaii vacation suggestions

Haleakala is a fabulous bike ride. Best sunrise you will ever see if the clouds permit. Our bike guide told us that there are only 80 days a year when you get that great sunrise...we got lucky! Not a hard bike ride, only about 300 yards of actually pedaling at the bottom. It's all downhill, though y...
by Mr.BB
Tue May 15, 2018 3:13 pm
Forum: Local Chapters and Bogleheads Community
Topic: Yes, I'm 89 all right! [Jack Bogle]
Replies: 126
Views: 10425

Re: Yes, I'm 89 all right!

Happy Birthday, Mr. Bogle!
by Mr.BB
Mon May 14, 2018 3:27 pm
Forum: Personal Consumer Issues
Topic: Hawaii vacation suggestions
Replies: 40
Views: 4897

Re: Hawaii vacation suggestions

Much depends on what you want to do. Costco travels usually has some very good deals available with a rental car included. You definitely want to rent a car. There is so much to do and see on this beautiful island. I wouldn't get anything bigger than a mid-size, especially if you do the Road to Hana...
by Mr.BB
Fri May 11, 2018 5:59 am
Forum: Personal Finance (Not Investing)
Topic: Asked to be Executor - What questions to ask
Replies: 39
Views: 3609

Re: Asked to be Executor - What questions to ask

2) Ask that they keep an updated list of all their credit cards and other financial information (names/passwords) in a safety deposit box. when you have to start accessing all their personal records, this is a life saver. I would never include usernames/passwords. As long as you know where the acco...
by Mr.BB
Thu May 10, 2018 12:47 pm
Forum: Investing - Help with Personal Investments
Topic: Move all funds to Vanguard?
Replies: 29
Views: 2591

Re: Move all funds to Vanguard?

OP you have made one of the best financial decisions you could have made by joining Bogleheads. I think you will find there are many people here who manage their own investments and are willing to help others in need of help like you. Whether you choose Vanguard, Fidelity or Schwab is, to me, not t...
by Mr.BB
Thu May 10, 2018 6:17 am
Forum: Personal Consumer Issues
Topic: Which heart rate monitor is the most accurate?
Replies: 37
Views: 3640

Re: Which heart rate monitor is the most accurate?

Polar is the most accurate (they have been around since the 1980's). It is the chest strap that makes it so accurate. The new wrist /watch monitors uses light sensing for blood flow in your wrist and algorithms to calculate your heart rate. Straps take the information directly from your heart beating.
by Mr.BB
Thu May 10, 2018 6:14 am
Forum: Personal Finance (Not Investing)
Topic: Asked to be Executor - What questions to ask
Replies: 39
Views: 3609

Re: Asked to be Executor - What questions to ask

2) Ask that they keep an updated list of all their credit cards and other financial information (names/passwords) in a safety deposit box. when you have to start accessing all their personal records, this is a life saver. I would never include usernames/passwords. As long as you know where the acco...
by Mr.BB
Wed May 09, 2018 1:28 pm
Forum: Personal Finance (Not Investing)
Topic: Asked to be Executor - What questions to ask
Replies: 39
Views: 3609

Re: Asked to be Executor - What questions to ask

I have 2 siblings that do not talk to each other anymore because of decisions made by one of them as our executor. This is what I would recommend that you make sure is supplied to you as an executor. 1) Letter of Intent. This is an outline from the deceased to help the executor on how they would lik...
by Mr.BB
Sun May 06, 2018 5:04 pm
Forum: Investing - Help with Personal Investments
Topic: Ed. Jones rep didn't like our plan, now we're locked out
Replies: 152
Views: 18377

Re: Ed. Jones rep didn't like our plan, now we're locked out

I would get a lawyer and also make sure you have all the information facts before you do anything, because this going to cost money to do this. I would also have the lawyer tell him they're going to file a lawsuit against the broker and let the corporate office know of this lawsuit and I would also...
by Mr.BB
Sat May 05, 2018 11:11 am
Forum: Personal Finance (Not Investing)
Topic: Wanting to leave Fidelity
Replies: 97
Views: 10984

Re: Wanting to leave Fidelity

Every company has people that like and hate them. You will find people that have never had a problem with fidelity, vanguard, t.rowe or Schwab and you will find people with horror stories at each of these companies. If you don't like your experience where you are at, then pick another company. Just ...
by Mr.BB
Sat May 05, 2018 11:01 am
Forum: Investing - Help with Personal Investments
Topic: Ed. Jones rep didn't like our plan, now we're locked out
Replies: 152
Views: 18377

Re: Ed. Jones rep didn't like our plan, now we're locked out

I would get a lawyer and also make sure you have all the information facts before you do anythi, because this going to cost money to do this. I would also have the lawyer tell him they're going to file a lawsuit against the broker and let the corporate office know of this lawsuit and I would also fi...