Search found 264 matches

by CurlyDave
Sun Jan 21, 2018 1:26 am
Forum: Personal Consumer Issues
Topic: Pros and Cons of High Rise Condos for retired couple
Replies: 24
Views: 2353

Re: Pros and Cons of High Rise Condos for retired couple

...(1) safety, they live in a nice area right now but some homes in their neighborhood have been broken into over the years and they figure living in a high rise with 24/7 security would be pretty safe... (A) The second they step outside the building that 24/7 security does not apply. (B) Even insi...
by CurlyDave
Sun Jan 21, 2018 1:12 am
Forum: Investing - Help with Personal Investments
Topic: Pull back on retirement saving to increase savings for kids' college?
Replies: 19
Views: 998

Re: Pull back on retirement saving to increase savings for kids' college?

If push comes to shove, it is always possible to borrow money to go to college.

It is almost never possible to borrow money to enhance your retirement.

Keep putting money into retirement accounts.
by CurlyDave
Fri Jan 19, 2018 5:45 am
Forum: Investing - Help with Personal Investments
Topic: Lost Job. Retirement/Portfolio Advice
Replies: 46
Views: 4199

Re: Lost Job. Retirement/Portfolio Advice

Do not even consider retiring.

Declare yourself INDEPENTLY WEALTHY.

You are.

Now go find something else to do with your life.
by CurlyDave
Fri Jan 19, 2018 5:17 am
Forum: Personal Finance (Not Investing)
Topic: Someone Needs To Pay For What They Did (Advice sought)
Replies: 25
Views: 3780

Re: Someone Needs To Pay For What They Did (Advice sought)

Just pay it and move on with your life. +1 +2 How much do you like your apartment? How hard is it going to be to move? What would the cost of a move be? It is really difficult to assign "fault" here. As a landlord, I would start to consider anyone who took me to small claims court a troublemaker an...
by CurlyDave
Thu Jan 18, 2018 11:44 am
Forum: Personal Finance (Not Investing)
Topic: Real Estate Versus Stocks
Replies: 46
Views: 2447

Re: Real Estate Versus Stocks

... The return on my time from real estate was not enough to justify keeping it. The return on the dollars were really good, but I was able to sell the RE and focus on my career and make much more. If you are in a field that doesn't pay well, or want to avoid corporate life, then RE may be for you....
by CurlyDave
Thu Jan 18, 2018 2:04 am
Forum: Personal Finance (Not Investing)
Topic: Stats on When People Take Social Security
Replies: 168
Views: 10694

Re: Stats on When People Take Social Security

If your account is depleted after 8 years then you should take it at 62. But for me taking at 62, I get about $1800 per month, less than $24k per year, that’s about $192k for 8 years. It’s not a huge amount for some portfolio. Plus I will pay tax on that amount. At 15% for about $20k( only 85% is t...
by CurlyDave
Wed Jan 17, 2018 5:23 am
Forum: Personal Consumer Issues
Topic: A "Home" cell phone?
Replies: 47
Views: 4122

Re: A "Home" cell phone?

...Anyone do that? We did it about 8 months ago. Our need was slightly different -- we have an elevator in the house and need a phone in it in case of emergency. A land line shared between the elevator and a fax machine got up to about $80/month and I decided to do without fax capabilities and adde...
by CurlyDave
Wed Jan 17, 2018 5:11 am
Forum: Personal Consumer Issues
Topic: Hot Water Delay at faucet/shower far from water heater
Replies: 100
Views: 6350

Re: Hot Water Delay at faucet/shower far from water heater

How does this work? You take a shower with six gallons of hot water? Not quite. It is plumbed so that the hot water line feeds into the aux heater. The small amount of cold water in the line goes into the tank and mixes with the already hot water in it. The water will get slightly cooler as the 6 g...
by CurlyDave
Tue Jan 16, 2018 10:27 pm
Forum: Personal Finance (Not Investing)
Topic: Stats on When People Take Social Security
Replies: 168
Views: 10694

Re: Stats on When People Take Social Security

I recently ran across a post on social media about when to take SS...Even though I've been around the personal finance block for a long time, I was truly shocked at the financial illiteracy that I saw. (Granted, it was just a single sample). Are we truly that small a percentage of the population? I...
by CurlyDave
Mon Jan 15, 2018 11:54 pm
Forum: Personal Consumer Issues
Topic: best flooring for a basement wood shop?
Replies: 27
Views: 1419

Re: best flooring for a basement wood shop?

It is going to be a SHOP. Put whatever you want in while it is living space, but just lay sheets of T&G plywood subfloor over whatever worn out floor other than carpet is there when you do the conversion. This is cheap and has many advantages. Want to hold something in place? Nail it to the floor. (...
by CurlyDave
Mon Jan 15, 2018 12:52 am
Forum: Investing - Help with Personal Investments
Topic: Early Retirement Question
Replies: 14
Views: 2792

Re: Early Retirement Question

A lot of things are possible, but I would be a lot more comfortable with $2m than $1m.

There is an awful lot that can go wrong, and everything needs to go right for you to have a comfortable life with the resources you have.
by CurlyDave
Sun Jan 14, 2018 12:06 am
Forum: Investing - Theory, News & General
Topic: for those without an emergency fund, what's your plan for an emergency?
Replies: 25
Views: 2882

Re: for those without an emergency fund, what's your plan for an emergency?

Having to pay some tax is not the worst thing that can happen to a person.
by CurlyDave
Sat Jan 13, 2018 11:48 pm
Forum: Investing - Theory, News & General
Topic: Year 2000 retirees using the '8% rule' - Where are they now?
Replies: 40
Views: 6476

Re: Year 2000 retirees using the '8% rule' - Where are they now?

Now that I have actually been retired for 10 years, i have had a while to think about and experience many of these issues. Let me offer up some thoughts to chew on: (1) When I was working I did not not set out my expenditure requirements for living and then adjust my salary to those requirements, I ...
by CurlyDave
Sat Jan 13, 2018 11:55 am
Forum: Investing - Theory, News & General
Topic: DOW breaks 25,000 for first time ever
Replies: 55
Views: 5496

Re: DOW breaks 25,000 for first time ever

...I'm very curious to see what happens post 4/15 after corporations reap their huge tax returns. Lots of money will be flowing. 4/15/18 will be a non-event. Several reasons. (1) Corporations pay estimated taxes every quarter. Any large, medium, or even small corporation has accountants who figure ...
by CurlyDave
Sat Jan 13, 2018 8:52 am
Forum: Investing - Theory, News & General
Topic: When the Fed stops what do you do?
Replies: 17
Views: 2333

Re: When the Fed stops what do you do?

...Who says that an inflation increase has to be "moderate"? You may not be old enough to remember what happened to inflation between 1980 and 1985 or so. I remember 6 year CDs at 12% and money market funds at 18% on an inverted interest rate curve. I still have a bank statement from 1985 that show...
by CurlyDave
Thu Jan 11, 2018 2:33 am
Forum: Personal Finance (Not Investing)
Topic: Is it time for me to "call in rich"?
Replies: 75
Views: 12126

Re: Is it time for me to "call in rich"?

The convincer for me was the realization that I did not know how many days I had left, but that I was selling them to the company for less than they were worth to me. I was 61 and had less than you in assets, but also pensions and SS which added an income floor. Also had rental properties. Right now...
by CurlyDave
Tue Jan 09, 2018 3:39 am
Forum: Investing - Theory, News & General
Topic: Present value of stable income in retirement
Replies: 3
Views: 673

Re: Present value of stable income in retirement

Jack Bogle thinks that pension and SS income should be treated as a bond-like investment, and I agree. Not because I want to pretend it is something it isn't, but because treating it as a bond allows me to use all of the existing research on withdrawal rates and AA. There is a huge body of research ...
by CurlyDave
Tue Jan 09, 2018 3:33 am
Forum: Investing - Theory, News & General
Topic: Value of ESG?
Replies: 11
Views: 692

Re: Value of ESG?

I think ESG investing is always going to produce lower returns than investing based on ignoring non-financial criteria.
by CurlyDave
Tue Jan 09, 2018 3:26 am
Forum: Investing - Theory, News & General
Topic: Memo to those who have won the game: it's time to quit playing
Replies: 210
Views: 17694

Re: Memo to those who have won the game: it's time to quit playing

By the numbers I have won the game but most of my portfolio is still in stocks. The underlying assumption here is that bonds have no risk. That is not always true. The two biggest risks for bonds are inflation and longevity risk, finding out in the 4th quarter of the game that you hadn't won it in ...
by CurlyDave
Mon Jan 08, 2018 3:46 am
Forum: Personal Consumer Issues
Topic: New Honda CRV - first oil change full synthetic?
Replies: 72
Views: 4539

Re: New Honda CRV - first oil change full synthetic?

FWIW, there are two kinds of Mobil 1 synthetic, the ordinary stuff, and EP which Mobil rates for 15,000 miles. The EP has more additives. If I buy the 5 qt containers at Walmart, the difference in price is $3 or $4. When a vehicle is still in warranty, I have the oil changed at the dealer on the sch...
by CurlyDave
Fri Jan 05, 2018 3:57 pm
Forum: Investing - Theory, News & General
Topic: Why Edward Jones?
Replies: 25
Views: 3364

Re: Why Edward Jones?

Not all of the advisors at EJ are CFPs either. I know that one of our neighbor's adult (45 ish) kids worked there for a while. He is so financially astute that he withdrew 100% of his state pension and lost it all in a Ponzi scheme. The way the deal at EJ worked was that he was supposed to be paid o...
by CurlyDave
Fri Jan 05, 2018 8:30 am
Forum: Investing - Help with Personal Investments
Topic: 1m in Stocks looking to Simplify to Indexes
Replies: 11
Views: 1448

Re: 1m in Stocks looking to Simplify to Indexes

...All 7 stocks after increased in value (lucky due to the bull market I am now realizing) and I've held all for at least 3 years or more. They all are held in a taxable account... So my questions is this. (i) How can I move my sell my stocks and move to index funds with minimal tax implications, o...
by CurlyDave
Tue Jan 02, 2018 2:29 am
Forum: Personal Finance (Not Investing)
Topic: How to take advantage of lowered property value?
Replies: 24
Views: 1560

Re: How to take advantage of lowered property value?

How far from your house is the tower? Is it really 250' tall? I have never seen one anywhere close to that height, but they can be big. I would be tempted to plant a few trees that would grow quite tall and might block the view of the tower over the course of a few years. How many acres does the nei...
by CurlyDave
Tue Jan 02, 2018 2:22 am
Forum: Personal Finance (Not Investing)
Topic: PenFed messed up my mortgage payment - again
Replies: 8
Views: 1061

Re: PenFed messed up my mortgage payment - again

Don't get mad -- get even. Many years ago, when I refinanced right before property taxes were due, the mortgage company failed to make a the tax payment, despite the fact that I called them twice, wrote two ordinary letters and one registered letter reminding them that the tax payment was due. With ...
by CurlyDave
Tue Jan 02, 2018 2:12 am
Forum: Personal Finance (Not Investing)
Topic: Embarrassment Preventing Retirement Work: A factor for you?
Replies: 131
Views: 12032

Re: Embarrassment Preventing Retirement Work: A factor for you?

If you don't need the money, taking a paid position may prevent someone who does need the money from working in that job.

Do volunteer work instead.
by CurlyDave
Tue Jan 02, 2018 1:38 am
Forum: Personal Finance (Not Investing)
Topic: SALT Tax Deduction Max of $10K is NOT indexed to Inflation
Replies: 29
Views: 4265

Re: SALT Tax Deduction Max of $10K is NOT indexed to Inflation

The taxation of SS benefits is another thing that is not indexes and has, I believe, never been adjusted. I assume this was by design to slowly make more SS benefits taxable over time. Actually, the taxation of SS benefits has been adjusted many times over the years. You might not be old enough to ...
by CurlyDave
Mon Jan 01, 2018 8:53 pm
Forum: Investing - Theory, News & General
Topic: Individual Stocks That Went Bust
Replies: 90
Views: 5282

Re: Individual Stocks That Went Bust

Who remembers W.T. Grant?

Used to be a department store that competed with Woolworth.

I still have a battery charger that has their name on it. They went bankrupt in 1976, and the fool thing still works.
by CurlyDave
Mon Jan 01, 2018 5:49 pm
Forum: Investing - Help with Personal Investments
Topic: Investing in Real Estate
Replies: 30
Views: 2312

Re: Investing in Real Estate

DW and I have done well in Real Estate, but you must approach it as a business. It may be a part time business, but it will still take significant time and we used it as an opportunity to develop a profitable sideline, making the conscious decision not to put in the extra hours at my primary job req...
by CurlyDave
Mon Jan 01, 2018 1:24 am
Forum: Personal Consumer Issues
Topic: help me optimize new snow tires
Replies: 30
Views: 1573

Re: help me optimize new snow tires

For steel wheels, a wrecking yard will be happy to sell you good ones for about $25. I wire brushed mine and then painted with primer and them flat black. Snow tires mount permanently on these. Alloy ones get the all-season tires. Only have to store 3, since the spare was on a steel wheel and can be...
by CurlyDave
Mon Jan 01, 2018 12:30 am
Forum: Investing - Theory, News & General
Topic: Compounding “theory” question
Replies: 30
Views: 2833

Re: Compounding “theory” question

Sequence of returns don't matter by the commutative property of ordinary multiplication (ie, 1.06 * 1.08 = 1.08 * 1.06). You are absolutely right. If there are no withdrawals, SOR risk does not exist. SOR is not really well understood on this board. In fact, the no withdrawal scenarios is just a sp...
by CurlyDave
Sat Dec 30, 2017 2:09 pm
Forum: Personal Finance (Not Investing)
Topic: What to do with $100K? Free Mortgage Recast or Continue to Invest?
Replies: 6
Views: 703

Re: What to do with $100K? Free Mortgage Recast or Continue to Invest?

I would not pay down the mortgage. Keep the money in your portfolio, where it will probably earn a CAGR much higher than the mortgage rate. And, in your portfolio it can act as a "deep" emergency fund. If something unforeseen happens, the mortgage company is never going to give you that money back. ...
by CurlyDave
Sun Dec 24, 2017 4:24 am
Forum: Investing - Theory, News & General
Topic: Tax bill effects on investments
Replies: 11
Views: 1562

Re: Tax bill effects on investments

I am inclined to take the statements about the intent of the tax changes more or less at face value.

They will increase US competitiveness by lowering prices of US made goods, bring jobs back from overseas, and increase domestic consumer spending.

Sounds to me like US equities are where its at.
by CurlyDave
Sun Dec 24, 2017 3:43 am
Forum: Investing - Theory, News & General
Topic: Worked to death [A preview of the US without pensions]
Replies: 15
Views: 2488

Re: Worked to death

I wish it pointed out the need to take charge of one's own finances much more explicitly than it does. A few years before I left megacorp they switched from a traditional pension to an additional 5% match on a 401(k) for new hires. This was on top of an existing match of 4% to an 8% employee contrib...
by CurlyDave
Tue Dec 19, 2017 3:51 pm
Forum: Personal Finance (Not Investing)
Topic: House purchase considerations
Replies: 33
Views: 2708

Re: House purchase considerations

... Plus every raise reduces the percentage of your take home that goes to housing if you own. Some companies are so "free" in handing out raises. In my 35 year working career, there was only one year when there was not an annual raise. There were several years when promotions, job changes, or comp...
by CurlyDave
Tue Dec 19, 2017 3:35 pm
Forum: Personal Finance (Not Investing)
Topic: pay down mortgage or invest in taxable
Replies: 73
Views: 6177

Re: pay down mortgage or invest in taxable

...Just curious , do you think you would feel the same if we weren't in a 8 year bull market? Yes. I like to keep the odds in my favor. And my portfolio is a "back up emergency fund". If i pay off a mortgage the money is gone. If I invest it and someone develops an expensive medical problem, or any...
by CurlyDave
Tue Dec 19, 2017 1:19 pm
Forum: Personal Finance (Not Investing)
Topic: House purchase considerations
Replies: 33
Views: 2708

Re: House purchase considerations

In 45 years of home ownership I have never once regretted buying a house. Oh, there was temporary buyer's remorse right after a purchase, but it never lasted more than a few months. Plus there are intangibles associated with owning rather than buying. DH wants to build a workbench and shelves in the...
by CurlyDave
Tue Dec 19, 2017 12:59 pm
Forum: Personal Finance (Not Investing)
Topic: pay down mortgage or invest in taxable
Replies: 73
Views: 6177

Re: pay down mortgage or invest in taxable

... I was making a point that people do not generally take out mortgages on homes they already own for the sole reason of funding a retirement account. I agree with you that everything depends on a person's situation or the situation. I think this question will be answered the same time we settle r...
by CurlyDave
Mon Dec 18, 2017 12:26 pm
Forum: Personal Finance (Not Investing)
Topic: Why You Took an Adjustable Rate Mortgage?
Replies: 43
Views: 3247

Re: Why You Took an Adjustable Rate Mortgage?

I bought my first house in 1972. Over the years I have had about 30 mortgages, really too many to count. Both primary residence and investment properties. More refinances than initial purchases in that total, but a goodly number of each. About 2/3 have been ARMs, and never once have I regretted gett...
by CurlyDave
Mon Dec 18, 2017 2:05 am
Forum: Personal Finance (Not Investing)
Topic: Buy home with structural issues
Replies: 51
Views: 3700

Re: Buy home with structural issues

... Both first floor and second floor are sinking. They have sunk about 1.5 inches in two years. The crack is in the dry wall and is about 2 feet long, wider than 1/16th of an inch. It’s only on the inner wall, not the outer wall. Doors and windows close without a problem. I will go to the city to ...
by CurlyDave
Sun Dec 17, 2017 8:39 pm
Forum: Personal Finance (Not Investing)
Topic: Buy home with structural issues
Replies: 51
Views: 3700

Re: Buy home with structural issues

Hello, I am in a big mess and could use some advice. We live in a high COL area where homes are quite expensive and its common to have multiple offers on a home. To get an offer accepted you have to put lot of earnest money and waive contingencies. We have been looking for 6 months and finally foun...
by CurlyDave
Sun Dec 17, 2017 11:54 am
Forum: Personal Finance (Not Investing)
Topic: 55+ Early retirement offer.
Replies: 76
Views: 11067

Re: 55+ Early retirement offer.

What a wonderful turn of events. Having gone thorough a similar experience, the one piece of advice I will offer is that if you ever intend to return to a job, you will be far better off to start looking right away. I know you said you would like to take time off to recover, but a low-key job search...
by CurlyDave
Sun Dec 17, 2017 3:05 am
Forum: Investing - Help with Personal Investments
Topic: Taxable vs. Tax Deferred - not much difference?
Replies: 56
Views: 4259

Re: Taxable vs. Tax Deferred - not much difference?

...Current investment balance: 0 Annual Contributions: $18,000 Number of Years to invest: 30 After 30 years this scenario yielded: Taxable account: $1,423,047 Tax-deferred (adjusted for taxes): $1,664,323 The difference appears to be exactly $241,276.00. That is no small amount however to my friend...
by CurlyDave
Sun Dec 17, 2017 2:54 am
Forum: Investing - Help with Personal Investments
Topic: Can rental home generate small income?
Replies: 56
Views: 4161

Re: Can rental home generate small income?

I can't comment on whether the particular home you're referring to is a good investment, but to answer your question generally yes, it's certainly possible. I wouldn't recommend trying if you aren't going to be dedicated to building a rental business because you'll get fleeced. +1 -- "fleeced" is t...
by CurlyDave
Sun Dec 17, 2017 2:18 am
Forum: Investing - Help with Personal Investments
Topic: When to move into bonds
Replies: 53
Views: 5089

Re: When to move into bonds

Before doing anything I would recommending thinking and exploring some more. You may have more "bonds" than you think. There is a minority here, but a sizable minority (and it includes Jack Bogle himself) who feel that Social Security should be counted as a "bond-like" investment. Exactly how to do ...
by CurlyDave
Sun Dec 17, 2017 12:52 am
Forum: Personal Finance (Not Investing)
Topic: State Farm Insurance, Time to Leave
Replies: 63
Views: 6397

Re: State Farm Insurance, Time to Leave

...Now, admittedly this is only a single data point, but the fact that someone who presents more claims to insurance companies in a week than most people do in a lifetime has his own personal insurance with State Farm is all I needed to know. What exactly does his answer tell you? A person who figh...
by CurlyDave
Thu Dec 14, 2017 3:38 am
Forum: Personal Consumer Issues
Topic: Downsizing - How much to invest in a house before selling?
Replies: 41
Views: 4774

Re: Downsizing - How much to invest in a house before selling?

Think through where an agent's interests really lie. Many people think that because an agent gets a percentage of the selling price, they automatically want to sell your house for the highest possible price. This is not necessarily true. If an agent can sell a house more quickly or with less work th...
by CurlyDave
Thu Dec 14, 2017 3:07 am
Forum: Personal Finance (Not Investing)
Topic: State Farm Insurance, Time to Leave
Replies: 63
Views: 6397

Re: State Farm Insurance, Time to Leave

I have had all of my insurance with State Farm for at least 30 years. Right now that is 6 cars, Homeowners, umbrella, 3 rental properties, personal articles, tractor, camping trailer, and DW's consulting business. About 9 years ago our house burned down while it was up for sale. I thought SF was bei...
by CurlyDave
Tue Dec 12, 2017 7:52 am
Forum: Personal Consumer Issues
Topic: [Prevent mail theft; sign for USPS Informed Delivery]
Replies: 213
Views: 16978

Re: [Prevent mail theft; sign for USPS Informed Delivery]

I just discovered a very interesting benefit of this system. A friend, who recently lost a job, was expecting a distribution check from a retirement account. A big one, six figures. He has been waiting for this for a month. Since he currently has no income at all, this check is important to him. Som...
by CurlyDave
Fri Dec 01, 2017 2:53 am
Forum: Investing - Theory, News & General
Topic: Is there any reason to invest in real estate?
Replies: 98
Views: 7922

Re: Is there any reason to invest in real estate?

If you know that for a fact, you may want to read these links. https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-prohibited-transactions https://www.law.cornell.edu/uscode/text/26/4975 (See paragraph (c)(1)(c)) https://www.irs.gov/compliance/whistleblower-informant-aw...
by CurlyDave
Wed Nov 29, 2017 11:31 am
Forum: Investing - Theory, News & General
Topic: Is there any reason to invest in real estate?
Replies: 98
Views: 7922

Re: Is there any reason to invest in real estate?

...Have you considered the value of your labor in calculating your returns? If not, then you aren't comparing apples and apples, because stocks and REITs don't require labor. To me that is a feature, not a bug. There is no way for me to put my own labor into stocks and REITs. What is the value of y...