Search found 2728 matches

by FIREchief
Sun Dec 16, 2018 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: Empty nester downsizing - any advice?
Replies: 63
Views: 7690

Re: Empty nester downsizing - any advice?

Hey OP: I'm just now catching up on your thread. WELL DONE!!! Woo hoo. :sharebeer Thanks SoAnyway!! It's getting more fun every time something else leaves the driveway. I was getting a backlog on trash and found out that my garbage company would give me a second big 95 gallon container for $5 more ...
by FIREchief
Sat Dec 15, 2018 11:53 pm
Forum: Personal Finance (Not Investing)
Topic: Empty nester downsizing - any advice?
Replies: 63
Views: 7690

Re: Empty nester downsizing - any advice?

Rather than a lot of Craigs List, yard sale, etc., activity, we are thinking of having an "estate sale" company sell everything left after we move. I described earlier, it's a move from a 4 BR 2 story house to a 1000 sq ft 2 bedroom apartment in a retirement community. Then paint, and sell an empty...
by FIREchief
Sat Dec 15, 2018 5:54 pm
Forum: Personal Finance (Not Investing)
Topic: Empty nester downsizing - any advice?
Replies: 63
Views: 7690

Re: Empty nester downsizing - any advice?

Another status update.... The declutter process has gone very well. Hard, time consuming work; but worth every minute. I found stuff I hadn't thought about for decades. Some old silver coins brought about $70 at the coin shop. We're probably at about a 95% success level on the declutter, with just a...
by FIREchief
Sat Dec 08, 2018 10:05 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Understanding TIPS
Replies: 36
Views: 3374

Re: Larry Swedroe: Understanding TIPS

Also, Doc: a belated thanks for a discussion several years ago when you helped me to see the light wrt the lack of any real "rebalancing premium." I think I soon after migrated towards the LMP/RP strategy for my situation. I was likely a boglehead for decades before I found the forum soon after FIRE...
by FIREchief
Sat Dec 08, 2018 9:58 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Understanding TIPS
Replies: 36
Views: 3374

Re: Larry Swedroe: Understanding TIPS

... and never rebalance ... That's a concept that I have never even considered and am unlikely to. The whole point of a TIPS ladder for retirement is to reduce risk. Why would you let your portfolio become more risky by never rebalancing and just let your equity portion increase with no limit. Abil...
by FIREchief
Sat Dec 08, 2018 2:32 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Understanding TIPS
Replies: 36
Views: 3374

Re: Larry Swedroe: Understanding TIPS

Our entire ten year TIPS was sold to rebalance in '08. If you use Treasuries as the rebalancing allotment of your portfolio for potential market crashes that allotment should be in nominals. Fair point. I use an LMP/RP strategy and never rebalance, so it's a non-issue in my situation. TIPS should b...
by FIREchief
Sat Dec 08, 2018 12:25 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Understanding TIPS
Replies: 36
Views: 3374

Re: Larry Swedroe: Understanding TIPS

jalbert wrote:
Fri Dec 07, 2018 11:56 pm
Some minor additional points come to mind.

First, if a 401K plan has a brokerage option, individual TIPS can be purchased there.
Oddly enough, my former Megacorp 401k with Fido did have a brokeragelink component, but it did not allow the purchase of individual TIPS.
by FIREchief
Fri Dec 07, 2018 11:02 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Understanding TIPS
Replies: 36
Views: 3374

Re: Larry Swedroe: Understanding TIPS

I think that way too much focus is given to the "liquidity premium." If it truly does exist, it is miniscule. These are US treasuries that are bought and sold by millions of individuals and institutions. 2008 was an isolated data point that rapidly faded to irrelevance.
by FIREchief
Wed Dec 05, 2018 10:11 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement itch- when did you get it?
Replies: 126
Views: 11598

Re: Retirement itch- when did you get it?

I never considered early retirement until I got a really crappy boss/assignment at Megacorp when I was about 48. Suddenly, the FIRE path was exceedingly appealing!! 8-) :sharebeer
by FIREchief
Wed Dec 05, 2018 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: Empty nester downsizing - any advice?
Replies: 63
Views: 7690

Re: Empty nester downsizing - any advice?

RadAudit wrote:
Wed Dec 05, 2018 10:10 am
FIREchief wrote:
Tue Dec 04, 2018 11:00 pm
Put everything at the street with a big "FREE" sign on it.
If "Free" doesn't work, put a sign on it that says "$25" and someone will steal it.
Unfortunately Fortunately, I live in an area where it would likely take weeks for somebody to steal anything. 8-)
by FIREchief
Tue Dec 04, 2018 11:00 pm
Forum: Personal Finance (Not Investing)
Topic: Empty nester downsizing - any advice?
Replies: 63
Views: 7690

Re: Empty nester downsizing - any advice?

Here's my revised game battle plan: f) Craigs list anything worth any meaningful value that is in the garage Everything you can take a picture of. (tools, furniture, air compressor, etc.) *etc includes extra dishes, pots, pans, exercise equipment, books, kids toys, anything else you can think of. d...
by FIREchief
Tue Dec 04, 2018 9:19 pm
Forum: Personal Finance (Not Investing)
Topic: Empty nester downsizing - any advice?
Replies: 63
Views: 7690

Re: Empty nester downsizing - any advice?

Just an update for everybody..... We're moving forward full speed ahead! Apartment is reserved and lease will be signed in Feb. Really nice new complex at the base of the Mountains. Great views with a nice buffer from the main road. Should be quiet, safe and enjoyable. We've gone through every room ...
by FIREchief
Tue Dec 04, 2018 12:59 pm
Forum: Personal Finance (Not Investing)
Topic: IRMAA Avoidance Strategies
Replies: 20
Views: 1688

Re: IRMAA Avoidance Strategies

I would focus more on optimizing income under IRMAA than simply avoiding it. In other words, I will manipulate my income to stay just below whatever the next IRMAA tier is. If it makes sense to avoid it all together, I will look at bringing my income up to just below the MFJ first IRMAA threshold vi...
by FIREchief
Mon Dec 03, 2018 3:00 pm
Forum: Personal Finance (Not Investing)
Topic: "The Steak Dinner Annuity Pitch"
Replies: 68
Views: 7541

Re: "The Steak Dinner Annuity Pitch"

I'm sure that many on the forum fit the following description: Educated Boglehead with DH/DW who is not as savvy in financial matters. There is a real concern in such situations that the Boglehead predeceases the spouse, and that the spouse later falls for one of these pitches. I see value in attend...
by FIREchief
Sat Dec 01, 2018 1:51 pm
Forum: Personal Finance (Not Investing)
Topic: Manager suddenly passed away - New manager ethical dilemma
Replies: 24
Views: 4563

Re: Manager suddenly passed away - New manager ethical dilemma

The OP's new boss sounds like over half the bosses I had at Megacorp! Just suck it up and enjoy the continuing paychecks. LOL 8-)
by FIREchief
Sat Dec 01, 2018 1:28 am
Forum: Personal Finance (Not Investing)
Topic: "The Steak Dinner Annuity Pitch"
Replies: 68
Views: 7541

Re: "The Steak Dinner Annuity Pitch"

Don't get me started!!!.... LOL

Nothing new here. Same as it ever was.

And.... you can bet your bippy that I'll jump on the next high end steak house invite that shows up. Dinner and a show!! :sharebeer
by FIREchief
Fri Nov 30, 2018 2:48 am
Forum: Investing - Theory, News & General
Topic: 2 Fund Ports: Everything You NEED?
Replies: 32
Views: 3799

Re: 2 Fund Ports: Everything You NEED?

I FEEL that our 60% FI allocation needs protection against unexpected inflation so we put 25% (15% of port) into TIPS. We're willing to accept lower yield, more volatility, and less liquidity for that "insurance". Are you suggesting that TIPS will result in lower yield, more volatility and less liq...
by FIREchief
Thu Nov 22, 2018 11:01 pm
Forum: Personal Finance (Not Investing)
Topic: What financial information do you share with your family and relatives?
Replies: 112
Views: 9711

Re: What financial information do you share with your family and relatives?

Only information that there is a good reason to share. Do my adult kids deserve to know that I won't be a financial burden to them? Sure. Does my friend/extended family/etc. need to know anything? Of course not. Why on earth would anybody in their right mind share financial information with extended...
by FIREchief
Tue Nov 20, 2018 1:55 pm
Forum: Personal Finance (Not Investing)
Topic: Incompetent home inspector - what to do?
Replies: 52
Views: 5185

Re: Incompetent home inspector - what to do?

It seems that you will own a house for a while longer and be committed to an apartment lease. You will have two potential places to live, and one will be vacant. However, why do you plan to move to the apartment instead of staying in your house a little longer? Why not leave the apartment, for whic...
by FIREchief
Mon Nov 19, 2018 2:47 pm
Forum: Personal Finance (Not Investing)
Topic: Incompetent home inspector - what to do?
Replies: 52
Views: 5185

Re: Incompetent home inspector - what to do?

Be careful on leaving your home unoccupied. It can void your insurance policy due to vandalism potential. Our insurance agent recently told me that if it was vacant more than 30 days, we would lose the theft and vandalism coverage. I believe the remainder of the policy would remain valid. I'm curio...
by FIREchief
Mon Nov 19, 2018 12:19 am
Forum: Personal Finance (Not Investing)
Topic: Incompetent home inspector - what to do?
Replies: 52
Views: 5185

Re: Incompetent home inspector - what to do?

We had a similar problem when selling our house and the buyer had a Government loan that required strict Inspection procedures. The house was fairly new, but the inspectors found several areas that needed fixing and reinspection. So we had them done and ate the costs! Did that with two properties t...
by FIREchief
Sat Nov 17, 2018 9:06 pm
Forum: Personal Finance (Not Investing)
Topic: Sold house. need sanity check
Replies: 9
Views: 2882

Re: Sold house. need sanity check

linuxology wrote:
Fri Nov 16, 2018 7:57 pm
Quite an achievement to pay cash for homes. Quite an achievement.
The best asset protection for a home is a huge mortgage. Just sayin..... :D
by FIREchief
Sat Nov 17, 2018 2:58 pm
Forum: Personal Finance (Not Investing)
Topic: Incompetent home inspector - what to do?
Replies: 52
Views: 5185

Re: Incompetent home inspector - what to do?

I've sold two homes in my life, and never had these types of problems. Is this a recent development? I am about to sell my third (and last) owned home and am inclined to just price it slightly below market in hopes of having multiple interested buyers. That may not be "bogleheadish," but life's too ...
by FIREchief
Fri Nov 02, 2018 3:02 pm
Forum: Personal Finance (Not Investing)
Topic: Using drug discount coupons affecting deductible?
Replies: 26
Views: 1622

Re: Using drug discount coupons affecting deductible?

I was in a similar situation earlier this year. HDHP and some expensive prescriptions. My Megacorp medical insurance uses CVS for prescription coverage. I talked to CVS, my medical cost insurer and an independent pharmacy that would be able to use some coupons to provide a large discount. After many...
by FIREchief
Thu Nov 01, 2018 12:33 am
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 396
Views: 36668

Re: free dinner investing seminar

Never turn down a chance to go to Perrys Steakhouse. It is a 6 star winner on a 5 star scale! Great food. We don't have a Perrys nearby that I am aware of. My recent good experience was at a Flemings (and it really was a " super thick delicious free steaks that don't need salt or pepper"). LOL :beer
by FIREchief
Wed Oct 31, 2018 2:23 pm
Forum: Personal Finance (Not Investing)
Topic: "Do you have any questions for the interview panel?" Suggestions.
Replies: 14
Views: 1320

Re: "Do you have any questions for the interview panel?" Suggestions.

I'll throw out a different thought. Ask them something about themselves. Most people love to talk about themselves. Ask the panel to tell you about how they advanced to their current (lofty) positions. Ask them what they find most rewarding about working at "xyz." Something along those lines... 8-)
by FIREchief
Wed Oct 31, 2018 1:51 pm
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 396
Views: 36668

Re: free dinner investing seminar

I usually get an invite to an annuity or insurance or estate planning or pre-planned funeral arrangements dinner once a month. I haven't received one for 3 months now. I must be getting a bad reputation as a plate licker. :confused The drought is over. Maggiano's for November 6th! Here comes the an...
by FIREchief
Wed Oct 31, 2018 2:49 am
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 396
Views: 36668

Re: free dinner investing seminar

take-out dinners all paid by us no steaks. You've lost me brother... Is paying for a take out meal that doesn't include steak somehow better than enjoying a super thick filet mignon on somebody else's dime (actually $50)? Why not bring home Olive Garden for your family tonight and then enjoy a trem...
by FIREchief
Tue Oct 30, 2018 2:27 am
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 396
Views: 36668

Re: Steak Dinner and Annuities: Retirement Product Surges After Fiduciary Rule’s Demise

Housedoc wrote:
Mon Oct 29, 2018 3:32 pm
DarthSage, hang in there. My wife started getting hers last year. Nice for her to take me out for a change!
+1 The fine Italian cuisine invite I posted up thread did come to DW. I'm ready for another one!! Hit me!! :sharebeer
by FIREchief
Fri Oct 26, 2018 5:33 pm
Forum: Personal Finance (Not Investing)
Topic: Empty nester downsizing - any advice?
Replies: 63
Views: 7690

Re: Empty nester downsizing - any advice?

sergeant wrote:
Fri Oct 26, 2018 5:00 pm
There is a good chance that your free dinners will dry up. The scamsters rarely send invites to folks that live in apartments. They target home owners in nicer areas. :D
Yikes!! :oops: Oh well, they were nice while they lasted..... I'm still salivating over that Filet Mignon last night. :P
by FIREchief
Fri Oct 26, 2018 1:50 pm
Forum: Personal Finance (Not Investing)
Topic: Living Revocable Trust
Replies: 15
Views: 1565

Re: Living Revocable Trust

Rarely would cars be put into a trust. I believe that it is correct that cars are rarely put into a trust. That said, I am not aware of any good reason not to put them into a trust (other than if they have an outstading loan). If they are owned by a trust, successor trustees can easily sell them an...
by FIREchief
Fri Oct 26, 2018 1:41 pm
Forum: Personal Finance (Not Investing)
Topic: Empty nester downsizing - any advice?
Replies: 63
Views: 7690

Re: Empty nester downsizing - any advice?

We rented after downsizing and kids out of the house. We were having coffee in the morning when water started coming through our cabinets which was caused from a pipe breaking. My wife had not moved and was calmly sipping her coffee when I returned from turning off the main valve. She said, "Landlo...
by FIREchief
Fri Oct 26, 2018 4:10 am
Forum: Personal Finance (Not Investing)
Topic: Living Revocable Trust
Replies: 15
Views: 1565

Re: Living Revocable Trust

The attorney also advised us to put the cars in my trust. I declined to do that because in the even of a traffic stop, I would not want a jealous policeman decide to show no mercy. Similarly, in the event of a traffic accident, I would not want the other party to get the idea that I had "deep pocke...
by FIREchief
Fri Oct 26, 2018 4:05 am
Forum: Personal Finance (Not Investing)
Topic: Living Revocable Trust
Replies: 15
Views: 1565

Re: Living Revocable Trust

Here's the deal.... no one on this forum talks about the tax implications (at least that I have read so far) of having a Will only versus having a Will and a Trust. From what I have read (Fed Tax Tables)... it appears Federal Income Tax for income (interest, dividends, stock sales) is vastly differ...
by FIREchief
Fri Oct 26, 2018 3:57 am
Forum: Personal Finance (Not Investing)
Topic: Living Revocable Trust
Replies: 15
Views: 1565

Re: Living Revocable Trust

The attorney also advised us to put the cars in my trust. I declined to do that because in the even of a traffic stop, I would not want a jealous policeman decide to show no mercy. Similarly, in the event of a traffic accident, I would not want the other party to get the idea that I had "deep pocke...
by FIREchief
Fri Oct 26, 2018 3:11 am
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 396
Views: 36668

Re: free dinner investing seminar

Just had the best one yet tonight!! :sharebeer Top steak house in the best part of town. I had one of those fillet mignons that is like 3" high. Perfect medium throughout. So well seasoned that it didn't warrant any salt or pepper. Even pink from top to bottom. Possibly the best flavor I have ever t...
by FIREchief
Fri Oct 26, 2018 2:57 am
Forum: Personal Finance (Not Investing)
Topic: Empty nester downsizing - any advice?
Replies: 63
Views: 7690

Re: Empty nester downsizing - any advice?

Generally speaking houses sell better with a minimalist furniture layout. Ie I wouldn't put everything in the garage Thanks. Due to some other excellent feedback since my earlier post, I'm considering listing the house as "furnished" (or "partially furnished") and keeping some better surplus furnit...
by FIREchief
Thu Oct 25, 2018 5:47 pm
Forum: Personal Finance (Not Investing)
Topic: Roth Conversion math - taxes paid from IRA
Replies: 7
Views: 727

Re: Roth Conversion math - taxes paid from IRA

I get to $50,700 via: $65,000 - ($65,000 x 0.22), with tax withheld from the IRA at $14,300 ($65,000 x 0.22). I didn't rerun your math, but I believe you understand this correctly. It would be the lower $50K amount that would be converted with the remainder of the IRA withdrawal being taxable and u...
by FIREchief
Thu Oct 25, 2018 5:15 pm
Forum: Personal Finance (Not Investing)
Topic: Empty nester downsizing - any advice?
Replies: 63
Views: 7690

Re: Empty nester downsizing - any advice?

As you asked, Good luck, FIREChief! You're all over it. You've got this. I've been on a similar mission myself. Totally with you on the "marital bliss" point btw- a small cost for sure, hahaha. Everyone's situation is specific and different. Do the the best you can within the boundaries of your per...
by FIREchief
Wed Oct 24, 2018 1:13 pm
Forum: Personal Finance (Not Investing)
Topic: Empty nester downsizing - any advice?
Replies: 63
Views: 7690

Re: Empty nester downsizing - any advice?

We are just a few years ahead of you. Dumped the 4500 sq. ft. house for 1850 sq. ft. condo. Seriously downsized stuff we no longer needed, but took all the clothes and kitchen stuff with us. 3 years later, dumped the 1850 sq. ft. condo for a 1560 sq. ft. apartment. The HOA was dysfunctional, and ma...
by FIREchief
Wed Oct 24, 2018 1:09 pm
Forum: Personal Finance (Not Investing)
Topic: Empty nester downsizing - any advice?
Replies: 63
Views: 7690

Re: Empty nester downsizing - any advice?

Let’s be contrarian. Keep your house and find a good handy man. Pros: 1. Moving sucks, and will only suck more as you get older. 2. Nice to have extra space and stay in the same place if you like the area. 3. If you have annoying/loud neighbors, bed bugs, bufs, whatever, yes you can always move but...
by FIREchief
Wed Oct 24, 2018 12:56 pm
Forum: Personal Finance (Not Investing)
Topic: Empty nester downsizing - any advice?
Replies: 63
Views: 7690

Re: Empty nester downsizing - any advice?

Also, the landlord controls your cost. If they decide to jackup the rent (or sell and the new buyer does), I don't want to be forced into moving. YMMV. Would you also agree that the real estate market ultimately controls your costs? The thought of moving from one small rental to another really does...
by FIREchief
Wed Oct 24, 2018 12:51 pm
Forum: Personal Finance (Not Investing)
Topic: Empty nester downsizing - any advice?
Replies: 63
Views: 7690

Re: Empty nester downsizing - any advice?

You seem not to mind renting, so that's a go. So, if you're renting, why not move (temporarily) to an area that really appeals to you. I did that a couple of years ago and eventually bought a home. Life is short... That's a good thought, but we already live in a very popular retirement area and our...
by FIREchief
Tue Oct 23, 2018 11:31 pm
Forum: Personal Finance (Not Investing)
Topic: Empty nester downsizing - any advice?
Replies: 63
Views: 7690

Re: Empty nester downsizing - any advice?

I guess mindset has a lot to do with it. I cannot imagine renting at a full time home. I like to do what I want with the place when I want to. I know a lot of other people are less picky. I don't know if "picky" is the right word, but there are certainly different approaches. In my younger years, I...
by FIREchief
Tue Oct 23, 2018 11:17 pm
Forum: Personal Finance (Not Investing)
Topic: Empty nester downsizing - any advice?
Replies: 63
Views: 7690

Re: Empty nester downsizing - any advice?

In our area, we get 1 free bulk trash pick up every year. You might check with your waste disposal company to see if you have that service. It will save the cost of the bagster disposal. Thanks for the suggestion. Unfortunately, my current waste disposal firm doesn't offer this. We have competition...
by FIREchief
Tue Oct 23, 2018 11:12 pm
Forum: Personal Finance (Not Investing)
Topic: Empty nester downsizing - any advice?
Replies: 63
Views: 7690

Re: Empty nester downsizing - any advice?

Thoughts?? One issue to consider when investing your home equity then renting is that with the investments you will have sequence of returns risk and the invested home equity may not be enough to pay the rent. Buying a condo instead would be worth considering but it would have a different set of pr...
by FIREchief
Tue Oct 23, 2018 11:03 pm
Forum: Personal Finance (Not Investing)
Topic: Empty nester downsizing - any advice?
Replies: 63
Views: 7690

Re: Empty nester downsizing - any advice?

Before downsizing We gave a lot of stuff away.. By the time we were finished our possessions took up a quarter of a full size moving van. Downsized to 1400 sq ft. As the years have trickled by I could probably go 1000-800. It takes less and less. :happy It looks like we're currently gravitating tow...
by FIREchief
Tue Oct 23, 2018 7:41 pm
Forum: Personal Finance (Not Investing)
Topic: Empty nester downsizing - any advice?
Replies: 63
Views: 7690

Re: Empty nester downsizing - any advice?

We downsized from a house with guest house plus two sheds into an RV plus 5X7 storage locker. We live full time in the RV and travel around. Started decrapping years before actual retirement. Thoughts: -Used eBay, CL and FB yard sale. Hate haggling so listed ultra low pricing. Overall was OK but yo...
by FIREchief
Tue Oct 23, 2018 2:39 pm
Forum: Personal Finance (Not Investing)
Topic: Empty nester downsizing - any advice?
Replies: 63
Views: 7690

Re: Empty nester downsizing - any advice?

For lower value items, consider donating. I've done a lot of selling on Craigslist and eBay and similar. It is work. I have had good luck and bad luck. I've found it isn't worth the hassle for many things. A garage sale is easier as people come. You control right there if you want to sell for the p...
by FIREchief
Tue Oct 23, 2018 2:34 pm
Forum: Personal Finance (Not Investing)
Topic: Empty nester downsizing - any advice?
Replies: 63
Views: 7690

Re: Empty nester downsizing - any advice?

Here's my revised game battle plan: f) Craigs list anything worth any meaningful value that is in the garage Everything you can take a picture of. (tools, furniture, air compressor, etc.) *etc includes extra dishes, pots, pans, exercise equipment, books, kids toys, anything else you can think of. d...