Search found 1264 matches

by friar1610
Wed Oct 17, 2018 2:01 pm
Forum: Personal Consumer Issues
Topic: To replace old Volvo
Replies: 31
Views: 1014

Re: To replace old Volvo

My Volvo s70 2000, which I had hoped to keep forever, is beginning to require very expensive repairs. I may have to replace it. However, I'm a senior citizen and may not be driving for more than another five years or so. What do you recommend as a safe replacement? I recently replaced a 2005 Volvo ...
by friar1610
Wed Oct 17, 2018 11:12 am
Forum: Personal Finance (Not Investing)
Topic: Did you retire because you hit your number?
Replies: 58
Views: 4356

Re: Did you retire because you hit your number?

I was shy of my number by a bit. But I was ready to retire for good. Fortunately, I had already retired from a previous career which gave me a nice pension, so being short of my number wasn't as big a deal as it might sound. I subsequently determined that I had been too conservative in estimating my...
by friar1610
Sun Oct 14, 2018 4:55 pm
Forum: Investing - Help with Personal Investments
Topic: Cassaday & Co. (Financial Advisors)?
Replies: 12
Views: 994

Re: Cassaday & Co. (Financial Advisors)?

Need to start with minimum of 1 million with the first 500,000 at 1.20% and the second 500.000 at .95%. You just gave up 25% of your safe 4% withdrawal in AUM expenses not counting the fund expenses,trading, tax hit. Seems like all of the other Financial Advisers out there to me. That was my take a...
by friar1610
Sun Oct 14, 2018 11:19 am
Forum: Investing - Help with Personal Investments
Topic: Cassaday & Co. (Financial Advisors)?
Replies: 12
Views: 994

Re: Cassaday & Co. (Financial Advisors)?

Need to start with minimum of 1 million with the first 500,000 at 1.20% and the second 500.000 at .95%. You just gave up 25% of your safe 4% withdrawal in AUM expenses not counting the fund expenses,trading, tax hit. Seems like all of the other Financial Advisers out there to me. That was my take a...
by friar1610
Sun Oct 14, 2018 8:33 am
Forum: Investing - Help with Personal Investments
Topic: Cassaday & Co. (Financial Advisors)?
Replies: 12
Views: 994

Cassaday & Co. (Financial Advisors)?

Curious whether or not any Bogleheads have had first-hand experience with Cassaday. They seem to be mainly focused on clients in Virginia/DC. I ask because a friend has recently signed on with them after being a DIY investor. He speaks very highly of them. From their web site it looks like an AUM ty...
by friar1610
Thu Oct 04, 2018 4:15 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Be Prepared For Losses
Replies: 100
Views: 12057

Re: Larry Swedroe: Be Prepared For Losses

Here's something I find a bit sobering.... Discussions above have focused on needing to be prepared for equities to drop by 50% and thus, depending on one's AA, likely a smaller drop in overall portfolio value. But those computations appear to be premised on fixed income maintaining its value. But,...
by friar1610
Thu Oct 04, 2018 4:12 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Be Prepared For Losses
Replies: 100
Views: 12057

Re: Larry Swedroe: Be Prepared For Losses

Here's something I find a bit sobering.... Discussions above have focused on needing to be prepared for equities to drop by 50% and thus, depending on one's AA, likely a smaller drop in overall portfolio value. But those computations appear to be premised on fixed income maintaining its value. But,...
by friar1610
Thu Oct 04, 2018 12:30 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Be Prepared For Losses
Replies: 100
Views: 12057

Re: Larry Swedroe: Be Prepared For Losses

Here's something I find a bit sobering.... Discussions above have focused on needing to be prepared for equities to drop by 50% and thus, depending on one's AA, likely a smaller drop in overall portfolio value. But those computations appear to be premised on fixed income maintaining its value. But, ...
by friar1610
Tue Oct 02, 2018 7:23 pm
Forum: Personal Consumer Issues
Topic: Any (medicare plans) experience with Silver & Fit?
Replies: 21
Views: 1168

Re: Any (medicare plans) experience with Silver & Fit?

Just to clarify - fitness programs such as those discussed above are only available with Advantage plans, right? No way to get them with Original Medicare + TRICARE for Life (supplement) as I understand it.
by friar1610
Tue Oct 02, 2018 11:59 am
Forum: Personal Consumer Issues
Topic: My Experience in Buying a Burial Plot: The cost (in NJ)
Replies: 64
Views: 4329

Re: My Experience in Buying a Burial Plot: The cost (in NJ)

If I can talk my wife into it, I would like us to be buried (or, preferably cremated remains) in a national cemetery, since I am eligible as a veteran. That's my/our plan. Massachusetts National Cemetery on Cape Cod. Finally, a place at the Cape. Edited to add: and a free headstone. What's not to l...
by friar1610
Thu Sep 27, 2018 12:05 pm
Forum: Investing - Help with Personal Investments
Topic: Liquidating saving bonds?
Replies: 14
Views: 1210

Re: Liquidating saving bonds?

I was under the impression you couldn't get the tax break when you use them for grandkids' educational expenses. Is there a way that you can? There are a whole lot of restrictions on using the savings bonds for educational expenses. https://www.treasurydirect.gov/indiv/planning/plan_education.htm T...
by friar1610
Thu Sep 27, 2018 7:15 am
Forum: Investing - Help with Personal Investments
Topic: Liquidating saving bonds?
Replies: 14
Views: 1210

Re: Liquidating saving bonds?

If you have kids or grandkids then you may be able to use them for college expenses and get some tax advantages. You would count them as part of your bond asset allocation so it makes little sense to sell them and pay the taxes then buy riskier bonds that are paying 2%. If you sell any now you will...
by friar1610
Tue Sep 25, 2018 9:05 pm
Forum: Investing - Theory, News & General
Topic: New Facebook group for Vanguard investors!
Replies: 22
Views: 2145

Re: New Facebook group for Vanguard investors!

ThereAreNoGurus wrote:
Tue Sep 25, 2018 11:52 am
jehovasfitness wrote:
Tue Sep 25, 2018 11:29 am
ThereAreNoGurus wrote:
Tue Sep 25, 2018 10:03 am
What's the point? This forum seems to serve that purpose well.
less censorship perhaps
I view that (moderator intervention) as a plus. [edited to add: But I guess, as you state, some would view the lack of moderation as a good thing]
+1
by friar1610
Tue Sep 25, 2018 11:37 am
Forum: Personal Consumer Issues
Topic: Minimalist Lifestyle
Replies: 80
Views: 8670

Re: Minimalist Lifestyle

DW and I like to garage sale. It always amazes me how much stuff some people have to sell. And it is all stuff that they good money for and now are willing to unload for ten cents on the dollar. My favorite was the family that was selling around 50 sweatshirts with various college logos. Those thin...
by friar1610
Sat Sep 22, 2018 12:50 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 3759
Views: 1067845

Re: What Movie Have You Recently Watched?

Operation Finale w/ Ben Kingsley. Based on the Israelis' tracking and capture of Nazi Adolph Eichmann and his return to Israel for war crimes trial. Excellent.
by friar1610
Sat Sep 22, 2018 9:31 am
Forum: Personal Finance (Not Investing)
Topic: Moving to Dallas, how to establish residency
Replies: 47
Views: 2962

Re: Moving to Dallas, how to establish residency

Just got a position in Dallas, TX with the same company (finally). Currently live in OH. I will be getting an executive apartment for the rest of this year in the Dallas area. Will sell house in Jan and wife will follow. We plan to rent a house in the Dallas area. I would like to establish residenc...
by friar1610
Wed Sep 19, 2018 9:25 pm
Forum: Personal Finance (Not Investing)
Topic: Moving to Dallas, how to establish residency
Replies: 47
Views: 2962

Re: Moving to Dallas, how to establish residency

Just got a position in Dallas, TX with the same company (finally). Currently live in OH. I will be getting an executive apartment for the rest of this year in the Dallas area. Will sell house in Jan and wife will follow. We plan to rent a house in the Dallas area. I would like to establish residenc...
by friar1610
Wed Sep 19, 2018 4:46 pm
Forum: Investing - Theory, News & General
Topic: Bonds. Why? (vs. cds)
Replies: 59
Views: 4638

Re: Bonds. Why? (vs. cds)

Let's all go back to the original discussion. It seems like tangents abound. Why not just get an FDIC insured 3 yr CD at 3.01 % instead of a bond for our low risk portion of our portfolio? Amen. And I think Dandy's post above does an excellent job of explaining the answer, along with a good real-li...
by friar1610
Sun Sep 16, 2018 7:57 pm
Forum: Investing - Help with Personal Investments
Topic: Total Bond or Total Bond/short-term
Replies: 48
Views: 4816

Re: Total Bond or Total Bond/short-term

Right now my wife and I have only VG Total Bond Index in our IRAs and we are taking RMDs. I'm thinking of moving 3 years worth either to the Short-Term Bond Index or to a 3 year brokered CD ladder (with the principal for each rung the same as the anticipated RMDs). As each year's CD matured, I woul...
by friar1610
Sun Sep 16, 2018 11:19 am
Forum: Investing - Theory, News & General
Topic: CDs role in Fixed income part of portfolio
Replies: 31
Views: 2804

Re: CDs role in Fixed income part of portfolio

I allocate a % of living expense to CD's. I have a CD ladder of 8 CD's with one maturing in the 3rd month of each quarter (2 year ladder). Each CD's $ value is 1/4th of a year's expense. My thought is that in a downturn where my other investments don't produce the expected income, I can expect a CD...
by friar1610
Sat Sep 15, 2018 7:35 pm
Forum: Investing - Help with Personal Investments
Topic: Total Bond or Total Bond/short-term
Replies: 48
Views: 4816

Re: Total Bond or Total Bond/short-term

Right now my wife and I have only VG Total Bond Index in our IRAs and we are taking RMDs. I'm thinking of moving 3 years worth either to the Short-Term Bond Index or to a 3 year brokered CD ladder (with the principal for each rung the same as the anticipated RMDs). As each year's CD matured, I would...
by friar1610
Sat Sep 15, 2018 2:21 pm
Forum: Personal Consumer Issues
Topic: HOA Donation in Remembrance of Deceased Owner
Replies: 40
Views: 3138

Re: HOA Donation in Remembrance of Deceased Owner

I was on a condo trust board - not the same as an HOA but similar. My first take was that it wouldn't be appropriate. The more I thought about it, I decided it would be OK if : - it were a standard policy (I.e., you did it for every resident who died. - you had a standard amount, say $50 or $100 - y...
by friar1610
Thu Sep 13, 2018 4:50 pm
Forum: Investing - Help with Personal Investments
Topic: Question for RMD'ers with predominantly bond IRAs
Replies: 11
Views: 932

Re: Question for RMD'ers with predominantly bond IRAs

How about a cd ladder? Maybe 1-2 years in mm, then a 2-3 year ladder. Like many of the other respondents, we keep laddered CDs and short-term bond funds representing three years of RMDs in TIRAs. Our TIRAs are primarily invested in intermediate-term bonds, but with small equity stakes. We plan to t...
by friar1610
Thu Sep 13, 2018 4:39 pm
Forum: Investing - Help with Personal Investments
Topic: Question for RMD'ers with predominantly bond IRAs
Replies: 11
Views: 932

Re: Question for RMD'ers with predominantly bond IRAs

I'm taking RMDs. As long as it is just a few years' RMDs, I doubt if it would hurt much (loss of value vs. potential increase in income) no matter which way interest rates jump. I too have all of my bonds in an IRA and they are targeted for the source of the RMDs now and into the future. I've SWAG'...
by friar1610
Thu Sep 13, 2018 11:09 am
Forum: Investing - Help with Personal Investments
Topic: Question for RMD'ers with predominantly bond IRAs
Replies: 11
Views: 932

Question for RMD'ers with predominantly bond IRAs

Our modest IRAs are currently 100% VG Total Bond fund and we are >70.5 and thus taking RMDs. With intermediate bond fund values down a bit and MM fund interest rates up a bit due to rising interest rates, I've been thinking about moving the next couple of years worth of RMDs to a MM fund within the ...
by friar1610
Fri Sep 07, 2018 5:40 pm
Forum: Personal Consumer Issues
Topic: Certified Pre-Owned Cars (CPO): Is this normal?
Replies: 30
Views: 2522

Re: Certified Pre-Owned Cars (CPO): Is this normal?

I bought a CPO Volvo in 2006. This spring I decided to replace it and went looking for another late model (2015 or later), low mileage CPO Volvo. I was very surprised to find that only 10-20% Of those I looked at came with the cert. The rest were certifiable, but I would have had to pay for the cert...
by friar1610
Thu Sep 06, 2018 7:13 am
Forum: Personal Finance (Not Investing)
Topic: Fee only Financial planners
Replies: 31
Views: 2677

Re: Fee only Financial planners

I'm very interested in getting a fee-only planner in place to do hand-holding for my wife should I predecease her. Even if I outlast her, it would probably be worth a few hundred bucks a year to get another pair of eyes on my portfolio as I age and presumably begin to lose it cognitively. For the mo...
by friar1610
Mon Sep 03, 2018 9:55 am
Forum: Personal Consumer Issues
Topic: Best place to exchange dollars to euros?
Replies: 49
Views: 3900

Re: Best place to exchange dollars to euros?

I take foreign cash with me when I travel. I use AAA to buy my foreign currency. Using bank ATM's oversees are also a good deal but not at the airport. Don't use Travelex or American Express at the airport, you won't get a good rate there. Since this thread was just bumped I ran across your earlier...
by friar1610
Sun Sep 02, 2018 10:44 am
Forum: Investing - Help with Personal Investments
Topic: Is it time to go shorter in bonds ?
Replies: 109
Views: 8342

Re: Is it time to go shorter in bonds ?

Here's my dilemma on this issue... Following the conventional wisdom, my wife and I have all of our modest Rollover IRAs in a bond fund, VBTLX to be specific. (And as much as I would like to have that allocation augmented by some equities, the overall [taxable vs. tax-defferred] mix we have pretty m...
by friar1610
Fri Aug 31, 2018 12:14 pm
Forum: Personal Consumer Issues
Topic: Nespresso?
Replies: 87
Views: 6463

Re: Nespresso?

We are always on the lookout for the "perfect bean" to use in our Jura Impressa. But it doesn't do well with oily beans. Are these oily? I recommend Lavazza espresso beans! Not oily at all, good taste, and a pretty cheap (just over $20 for 2.2lbs) (I never had Marimas Orphea, I'll probably give it ...
by friar1610
Thu Aug 30, 2018 7:53 pm
Forum: Investing - Help with Personal Investments
Topic: Will I ever sell Ibonds from 2001 - 3% fixed
Replies: 78
Views: 5175

Re: Will I ever sell Ibonds from 2001 - 3% fixed

nesdog wrote:
Thu Aug 30, 2018 7:11 pm
I've got some of those as well; 3.75% fixed!
Thought 3.4% and 3.6% were the highest the fixed ever got? I have some at 3.4% but if you got some at 3.75% more power to you!
by friar1610
Tue Aug 28, 2018 8:40 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Widower's limit (RIB-LIM)
Replies: 9
Views: 826

Re: Social Security Widower's limit (RIB-LIM)

The issue originally brought up by the OP was news to me. I'm trying to make sure I understand it and how to do the math and would appreciate a review of my thinking. (I know SS has way more complicated computations but I'm just trying to put myself in the ballpark.) 1. I took SS at 62 which meant ...
by friar1610
Tue Aug 28, 2018 4:38 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Widower's limit (RIB-LIM)
Replies: 9
Views: 826

Re: Social Security Widower's limit (RIB-LIM)

The issue originally brought up by the OP was news to me. I'm trying to make sure I understand it and how to do the math and would appreciate a review of my thinking. (I know SS has way more complicated computations but I'm just trying to put myself in the ballpark.) 1. I took SS at 62 which meant I...
by friar1610
Tue Aug 28, 2018 11:40 am
Forum: Investing - Help with Personal Investments
Topic: Retired Cop/Wannabe Boglehead Needs a Bit of Help
Replies: 16
Views: 1680

Re: Retired Cop/Wannabe Boglehead Needs a Bit of Help

Are you completely retired or are you working in a "second career"? If the latter, what are your retirement goals?
by friar1610
Tue Aug 28, 2018 11:23 am
Forum: Investing - Help with Personal Investments
Topic: What to do after losing $117k in stock market?
Replies: 199
Views: 28330

Re: What to do after losing $117k in stock market?

RickBoglehead wrote:
Mon Aug 27, 2018 10:04 pm
You should consider counseling.
Or Gamblers Anonymous.

Edited to add: that is not a snarky remark; it's a serious suggestion.
by friar1610
Mon Aug 27, 2018 11:24 am
Forum: Personal Consumer Issues
Topic: bank safety deposit box alternative
Replies: 17
Views: 1634

Re: bank safety deposit box alternative

TheDDC wrote:
Mon Aug 27, 2018 11:15 am
Buy a good fire rated safe. Then buy a smaller, higher rated fire rated safe and nest that one inside the big one. That is your safe deposit box. Do you have a basement or secure first floor location?

-TheDDC
Good idea! I use a home safe but the safe-within-a-safe sounds, well...safer.
by friar1610
Wed Aug 22, 2018 2:19 pm
Forum: Investing - Help with Personal Investments
Topic: Should I do a 1035 exchange of this variable annuity?
Replies: 0
Views: 225

Should I do a 1035 exchange of this variable annuity?

I would very much appreciate the collective wisdom of Bogleheads on this issue.... I have a VG VA valued at a bit over $265K. No need to get into why I originally bought it or if I would do it again (I wouldn't) as that is history. It is what it is and by having under VG for a long time (it was orig...
by friar1610
Sun Aug 19, 2018 7:57 pm
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation for 86 year old
Replies: 14
Views: 1262

Re: Asset Allocation for 86 year old

One thing with limited agent authorization -- I can't move any of the assets from Vanguard (that would require full agent authority). But I was thinking along the lines of what you said -- with a CD. Have to look up what happens if/when my dad passes away -- I know that regular CDs have penalties i...
by friar1610
Sun Aug 19, 2018 7:53 pm
Forum: Personal Finance (Not Investing)
Topic: Do you go for annual Medicare preventive tests and screening?
Replies: 84
Views: 5145

Re: Do you go for annual Medicare preventive tests and screening?

I go faithfully every year. I get lab tests and I don't seemed to get billed for them. I imagine that this is either because (1) my doc has broken the code (no pun intended) on how to code things so I don't get billed; (2) my secondary payer (TRICARE) pays for some of the the things Medicare doesn't...
by friar1610
Sun Aug 19, 2018 2:15 pm
Forum: Personal Finance (Not Investing)
Topic: Young dentist seeking advice
Replies: 5
Views: 731

Re: Young dentist seeking advice

Two observations from someone who is neither a dentist nor has run his own business (so give them skeptical credibility): - I had a neighbor who owned his own dental practice. I recall that he once told me that doing dentistry was the easy part. Running the business and the headaches that went with ...
by friar1610
Sun Aug 19, 2018 11:11 am
Forum: Investing - Help with Personal Investments
Topic: Retirees: Timing your withdrawals
Replies: 40
Views: 3799

Re: Retirees: Timing your withdrawals

The only regular withdrawals for us are RMDs. Normal plan is for each of us to take them semi-annually, offset by 3 months, such that there is a withdrawal each quarter. In the past we have turned part of the 2nd withdrawals into QCDs. This year we cheated and took all of the RMDs early in the CY to...
by friar1610
Sat Aug 18, 2018 8:26 pm
Forum: Personal Finance (Not Investing)
Topic: Edward Jones rep door knocking
Replies: 90
Views: 8812

Re: Edward Jones rep door knocking

I would like to ask a question without getting roasted over a fire. If you belong to this forum you are usually pretty knowledgable on investments and the importance of saving. I continuously read on here that Edward Jones is basically evil and that 99% of people don't need to have a financial advi...
by friar1610
Sat Aug 18, 2018 7:14 pm
Forum: Personal Consumer Issues
Topic: New Zealand
Replies: 17
Views: 1630

Re: New Zealand

My wife and I went on a two week Trafalgar tour a few years ago and loved the country! You may have the wherewithal to travel first class or business class. We generally don't but for that long flight (LAX to Aukland) we flew Premium Economy with Air New Zealand. It is really worth any added expense...
by friar1610
Fri Aug 17, 2018 9:23 am
Forum: Personal Consumer Issues
Topic: Retire in Florida or Alabama?
Replies: 107
Views: 8138

Re: Retire in Florida or Alabama?

I live in a coastal town in the "south" (south of Boston, that is :happy ) but not ocean front. Our town and several nearby have taken some big hits from nor'easters in the past few years. My conclusions from watching this are: - It's not all bad that I can't afford oceanfront property. - If I had t...
by friar1610
Fri Aug 17, 2018 8:26 am
Forum: Personal Finance (Not Investing)
Topic: Need advice on where to keep safe money
Replies: 10
Views: 1524

Re: Need advice on where to keep safe money

I found this: https://www.tiaabank.com/banking/money-market Does this look okay? I see no fees, no minimum, no "catches" but am I missing anything? Does anyone know anything about this company either good or bad? Does this seem like a reasonable place to park money. They are a subsidiary bank of TI...
by friar1610
Tue Aug 14, 2018 7:29 pm
Forum: Personal Finance (Not Investing)
Topic: Is it possible to change one's career in their 40s?
Replies: 88
Views: 8178

Re: Is it possible to change one's career in their 40s?

I even know a few folks who have made drastic career changes much later in life. One mother of about a dozen children was widowed when her youngest was in High School. She got into a new career for many years - then in her 60's became a Catholic nun. Another acquaintance had a career in finance/bus...
by friar1610
Tue Aug 14, 2018 9:38 am
Forum: Personal Consumer Issues
Topic: Retire in Florida or Alabama?
Replies: 107
Views: 8138

Re: Retire in Florida or Alabama?

These "which state" discussions often drift to taxes. I've never understood why someone would structure their life based on that. I live next to a state with very different tax structures, and as far as I can tell it's a few percent difference overall- a few thousand dollars per year- for a noticea...
by friar1610
Mon Aug 13, 2018 8:32 pm
Forum: Personal Consumer Issues
Topic: Retire in Florida or Alabama?
Replies: 107
Views: 8138

Re: Retire in Florida or Alabama?

adamshousecat wrote:
Mon Aug 13, 2018 7:27 pm
The beaches from Gulf Shores Al through the Florida panhandle are absolutely gorgeous
+1

Was stationed in Pensacola with the Navy a long time ago. The "Florabama" coast has the whitest sand and warmest water.
by friar1610
Mon Aug 13, 2018 12:18 pm
Forum: Personal Consumer Issues
Topic: Cleaning gas grill
Replies: 40
Views: 3588

Re: Cleaning gas grill

Have not read all posts in this thread so this might have been mentioned....

Every time I grill I take the grates that I used and soak them in hot water in the deep sink in the basement for 5 minutes. Then I clean all the gunk off with a Brillo pad. Rinse. Dry.
by friar1610
Sat Aug 11, 2018 4:08 pm
Forum: Investing - Help with Personal Investments
Topic: Old dog needs to learn to manage his investments
Replies: 60
Views: 5472

Re: Old dog needs to learn to manage his investments

That makes good sense. It just takes an attitude adjustment to have it all in a single fund I guess. Interestingly I took the risk aversion test here and my answers suggested we should be 70% stock and 30% bonds! We are currently 60/40 but my age would make it 40/60. I was thinking of perhaps movin...