Search found 1146 matches

by friar1610
Sun May 27, 2018 7:14 pm
Forum: Personal Consumer Issues
Topic: Peloton spin bike worth the high cost?
Replies: 20
Views: 1459

Re: Peloton spin bike worth the high cost?

I realize this is not a direct answer to your question. I belong to a gym that offers spin classes at no additional charge. I spin 2x per week, occasionally 3x, and do other stuff there as well. We have a great instructor and a group that has a good time together. I would personally find it less app...
by friar1610
Sat May 26, 2018 9:59 pm
Forum: Personal Finance (Not Investing)
Topic: Leave career (fortune 200) and join the peace corps?
Replies: 28
Views: 2735

Re: Leave career (fortune 200) and join the peace corps?

Are you sure you are eligible for the Peace Corps since you are prior military? My understanding was always that former military were fine but not if they had served in the intelligence field. (This also applies to civilian intelligence people.) The reason is that the Peace Corps needs to go out of...
by friar1610
Sat May 26, 2018 11:28 am
Forum: Personal Consumer Issues
Topic: Rowing machine
Replies: 27
Views: 1741

Re: Rowing machine

I have a very old piston type rower that I still use occasionally (e.g. when the snow is too high to get to the gym.) But at the gym I use a Concept 2. I don't know how much they cost because I'm not planning to buy one. But the C2 is far superior to my old rower.
by friar1610
Wed May 23, 2018 10:03 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Global Bond Index Portfolio (annuity)
Replies: 14
Views: 2456

Re: Vanguard Global Bond Index Portfolio (annuity)

Abuss, I'll contribute a blog entry on the topic of diversifying with International Bonds and more tomorrow. Stay tuned! Back to my original question, it doesn't seem that anybody noticed a pattern of Vanguard using the annuity platform to make a test of a possible new fund, then... Oh well, I was ...
by friar1610
Wed May 23, 2018 6:05 am
Forum: Personal Consumer Issues
Topic: Lexus RX 350, Audi Q5, or Volvo XC 60 (update)
Replies: 111
Views: 7289

Re: Lexus RX 350, Audi Q5, or Volvo XC 60

FWIW, my 2015 Volvo XC70 had some work done on it today and they gave me a 2018 XC60 as a loaner. I thought it was a nice driving car although I personally prefer wagons to SUVs. All new Volvos now have at least a 4 cyl w/turbo. The high end engine adds a supercharger for more pep. I don't know for...
by friar1610
Tue May 22, 2018 8:33 pm
Forum: Personal Consumer Issues
Topic: Lexus RX 350, Audi Q5, or Volvo XC 60 (update)
Replies: 111
Views: 7289

Re: Lexus RX 350, Audi Q5, or Volvo XC 60

FWIW, my 2015 Volvo XC70 had some work done on it today and they gave me a 2018 XC60 as a loaner. I thought it was a nice driving car although I personally prefer wagons to SUVs. All new Volvos now have at least a 4 cyl w/turbo. The high end engine adds a supercharger for more pep. I don't know for ...
by friar1610
Mon May 21, 2018 10:34 am
Forum: Personal Consumer Issues
Topic: Lexus RX 350, Audi Q5, or Volvo XC 60 (update)
Replies: 111
Views: 7289

Re: Lexus RX 350, Audi Q5, or Volvo XC 60

We recently got the XC60 for my wife and love it. The safety, tech and look are superior to the others you named IMO We test drove one yesterday. We liked it a lot. But...no Overseas Delivery. I think we are going to wait to see if by chance they bring it back. <crossing fingers> We did OSD last ye...
by friar1610
Sat May 19, 2018 5:24 pm
Forum: Personal Consumer Issues
Topic: Nephew graduating high school & joining military. Gift Ideas?
Replies: 29
Views: 1545

Re: Nephew graduating high school & joining military. Gift Ideas?

I don't use Exchanges/PXs/BXs any more but I suspect AAFES (Army-Air Force Exchange Service) has gift cards available. How about one of those in an appropriate amount?
by friar1610
Sat May 19, 2018 5:18 pm
Forum: Personal Consumer Issues
Topic: Nephew graduating high school & joining military. Gift Ideas?
Replies: 29
Views: 1545

Re: Nephew graduating high school & joining military. Gift Ideas?

Raymond wrote:
Fri May 18, 2018 11:31 pm
Tell him to run, not walk, away from anyone from "First Command Financial Services".
+1

(If he ignores this advice he will be - a larger number)
by friar1610
Sun May 13, 2018 12:29 pm
Forum: Personal Consumer Issues
Topic: Subaru Crosstrek vs Outback
Replies: 32
Views: 2352

Re: Subaru Crosstrek vs Outback

This probably doesn't pertain to OP's situation. But my wife and I just finished a several-month process of analyzing cars prior to replacing one. A Subaru Outback was a strong contender although we ended up not going with one. In multiple visits to the Subaru dealer I had a chance to look at both t...
by friar1610
Sun May 13, 2018 11:52 am
Forum: Personal Finance (Not Investing)
Topic: Does it make sense to rent as a retiree?
Replies: 83
Views: 8762

Re: Does it make sense to rent as a retiree?

We have considered this too. Decided to remain homeowners to protect home as an asset should one of us need long term care and we run out of money. Medicaid allows healthy spouse to keep home. A condo is a nice alternative to single-family house... less to maintain one's self. If single, would stro...
by friar1610
Wed May 09, 2018 12:25 pm
Forum: Personal Consumer Issues
Topic: Gas Fireplace - Shut off pilot light during warm months??
Replies: 33
Views: 28312

Re: Gas Fireplace - Shut off pilot light during warm months??

I don't mean to hijack this thread but here's a related issue I just learned about in my house. We have a sealed gas fireplace with an electronic ignition that is lit by flipping a switch. I had always thought that when we had a power outage we were SOL for heat from the fireplace. This past winter ...
by friar1610
Thu May 03, 2018 1:55 pm
Forum: Investing - Help with Personal Investments
Topic: How are you widow-proofing?
Replies: 35
Views: 4462

Re: How are you widow-proofing?

Here are a few concerns that, for me, have been impediments to getting to the next level of simplification; would appreciate any insights... How big a concern are CG taxes for those of you who plan to consolidate multiple taxable accounts into a single LS or TR fund? In cases where you have CDs/I-Bo...
by friar1610
Thu May 03, 2018 12:42 pm
Forum: Personal Consumer Issues
Topic: Vanguard Steering Community - legit or scam?
Replies: 7
Views: 1017

Vanguard Steering Community - legit or scam?

Has anyone else received an email from "Vanguard Flagship Services" inviting them to join the Vanguard Steering Community"? I did, completed the linked survey and then got cold feet about some of the contact information they were asking for. Can't be too careful about scams these days. Comments from...
by friar1610
Wed May 02, 2018 10:25 am
Forum: Investing - Help with Personal Investments
Topic: Retirement at 43-45 (Military)
Replies: 17
Views: 2785

Re: Retirement at 43-45 (Military)

One piece of advice: if a company called First Command visits your base and offers free dinners/financial seminars, etc. volunteer to take the duty that night and don't go.
by friar1610
Wed May 02, 2018 10:19 am
Forum: Personal Consumer Issues
Topic: Have you quit eating sugar? Tell me how!
Replies: 129
Views: 10105

Re: Have you quit eating sugar? Tell me how!

I never used to be too big of a sugar junkie. I would generally pass on dessert, never bought a donut if I stopped for coffee, etc. But about 3 1/2 years ago I gave up alcohol. Since then I have become quite the sugar fiend. My theory is that my body is craving the sugar it no longer gets from malto...
by friar1610
Fri Apr 27, 2018 5:50 pm
Forum: Investing - Theory, News & General
Topic: Is there any way around short term capital gains taxes?
Replies: 24
Views: 1820

Re: Is there any way around short term capital gains taxes?

During the tech bubble I bought the stock of a small company that very shortly increased in value fivefold. I wanted to cash in my chips but was dissuaded from doing so because the CG would have been ST (and I was in a higher tax bracket then). So, I decided to wait until I'd owned the stock for a y...
by friar1610
Wed Apr 25, 2018 11:24 am
Forum: Investing - Help with Personal Investments
Topic: 40/60 Balanced Index ?
Replies: 10
Views: 1258

Re: 40/60 Balanced Index ?

If you/she could tolerate one simple rebalance a year, here are 2 options: 1. 50% VG Balanced Index (60-40) and 50% Life Strategy Income (20-80). This also has the advantage (if you consider it such) of diluting the international allocation you would have with LS Conservative (40-60) but leads to t...
by friar1610
Wed Apr 25, 2018 10:36 am
Forum: Personal Finance (Not Investing)
Topic: How to be a good executor to family
Replies: 44
Views: 3414

Re: How to be a good executor to family

I was an executor twice - once for my mother and once for my aunt. The first was easy as I was also the sole heir. The second was time-consuming but not awful; there were about 8 heirs one of whom was me and two of whom were my children. These comments pertain to the second case: - it's useful to re...
by friar1610
Sat Apr 21, 2018 3:24 pm
Forum: Personal Consumer Issues
Topic: Do you buy new or used cars?
Replies: 113
Views: 7578

Re: Do you buy new or used cars?

I've bought both new and used over the years. But when used they've been realatively recent model years (1-3 years old) with low mileage (<20k miles). Like you, I set a $40K limit on the purchase of my most recent one about 6 weeks ago. I was paying cash, could have afforded more but saw no reason t...
by friar1610
Thu Apr 19, 2018 8:53 pm
Forum: Personal Finance (Not Investing)
Topic: “The Smell of Retiree Mon$y...”
Replies: 57
Views: 8418

Re: “The Smell of Retiree Mon$y...”

We have arranged to leave enough money to fund a scholarship to a school after we die. To set up the scholarship we needed to let the school in on the plan because we wanted to make sure they would accept the provisions attached to the scolarship. Although we still receive mailings for their normal ...
by friar1610
Wed Apr 18, 2018 3:50 pm
Forum: Personal Consumer Issues
Topic: How do you know what price to negotiate when buying a used car?
Replies: 28
Views: 1691

Re: How do you know what price to negotiate when buying a used car?

Limiting yourself to "certified" cars is a trap that limits your options and takes away most of your negotiating power. Now, if you have the money and want that specifically, go ahead. But it's unlikely that you'll get what I would consider to be an equitable deal. I recently shopped for a 2-3 y.o....
by friar1610
Wed Apr 18, 2018 3:38 pm
Forum: Personal Consumer Issues
Topic: Perks of Owning Certain Individual Stocks
Replies: 28
Views: 3337

Re: Perks of Owning Certain Individual Stocks

Back when I worked I used to get a discount on my suits from Jos. A. Bank because I owned their stock. I have long since become an index fund BH and JOSB was acquired by Men's Wearhouse so I don't know if that still works.
by friar1610
Tue Apr 17, 2018 7:45 pm
Forum: Personal Consumer Issues
Topic: How to buy a gravestone online?
Replies: 8
Views: 664

Re: How to buy a gravestone online?

Something you may already know, but I'll mention it anyway. In addition to the cost of the stone, expect an installation charge. I learned about this when I was the Service Officer for an American Legion post. Vets are entitled to free gravestones from the VA but the government does not pay the inst...
by friar1610
Tue Apr 17, 2018 7:29 pm
Forum: Personal Consumer Issues
Topic: car at 80
Replies: 59
Views: 4548

Re: car at 80

72 yo here. I just replaced a 2005 Volvo XC70 (wagon) with a gently used 2015 version of the same thing. I can't say enough for the safety and convenience improvements over those 10 years! Knowing that I'm not getting any younger I definitely wanted things like the backup camera, blind spot detectio...
by friar1610
Sun Apr 15, 2018 5:40 pm
Forum: Personal Finance (Not Investing)
Topic: Could you support family on 1 income?
Replies: 88
Views: 6087

Re: Could you support family on 1 income?

My wife and I were a single income family until our 2 kids were in high school. This was partly due to our own values and partly due to the fact that it was often difficult or impossible for military spouses to find meaningful employment during the 70s and 80s. When she did begin to work outside the...
by friar1610
Wed Apr 11, 2018 8:27 pm
Forum: Investing - Theory, News & General
Topic: What is your AA, given your age? and, Why?
Replies: 163
Views: 12170

Re: What is your AA, given your age? and, Why?

Sounds like a good plan. I kept a 60/40 AA until the RMD’s started just because our solid pensions are more than enough for us. Now we are 45/55 and the T-IRA’s are 100% bonds as suggested by a Vanguard CFP. Other bonds in the taxable folio are tax exempts, Plus index stock funds as well. May event...
by friar1610
Wed Apr 11, 2018 5:14 pm
Forum: Investing - Theory, News & General
Topic: What is your AA, given your age? and, Why?
Replies: 163
Views: 12170

Re: What is your AA, given your age? and, Why?

Age 35. 100% stocks. I agree with Warren Buffett that stocks are not just the best way to make money but also the best way to preserve your buying power. The drawbacks of stocks are more obvious and dramatic than those of bonds/cash but I don't see them as worse. The dollar lost 15% in the last 12 ...
by friar1610
Tue Apr 10, 2018 11:33 am
Forum: Investing - Theory, News & General
Topic: Retirees: Who's increasing their equities as they age?
Replies: 74
Views: 5696

Re: Retirees: Who's increasing their equities as they age?

my point is that long periods of a rising stock market due tend to make one "think about increasing my equity side a little." I eventually decided not to. I was glad I didn't. Although I thought I'd been planning for the possibility of a 50% decline all along, when it actually happened the pain was...
by friar1610
Sat Apr 07, 2018 11:40 am
Forum: Investing - Theory, News & General
Topic: What is your AA, given your age? and, Why?
Replies: 163
Views: 12170

Re: What is your AA, given your age? and, Why?

Ages: 72/71
AA: about 42 (of which 25% Int) equity/55 fixed income (to include bond funds, I-bonds, CDs)/3 cash. Could see going to 45-48% equities but no more.
Why: Feels right in combination with good pension and 2 SS. Not too conservative; not too aggressive.
by friar1610
Sat Apr 07, 2018 8:18 am
Forum: Investing - Theory, News & General
Topic: WSJ article on Vanguard snafoos - Should Bogleheads.org get involved?
Replies: 23
Views: 3153

Re: WSJ article on Vanguard snafoos - Should Boglehead.org get involved?

JoMoney wrote:
Sat Apr 07, 2018 8:05 am

Also, I think "snafoo" is spelled SNAFU.
As an aside, yes you are correct. It's an old military acronym, from WW2 I believe, meaning "situation normal - all screwed up " (or words to that effect.) 😀
by friar1610
Fri Apr 06, 2018 1:40 pm
Forum: Personal Consumer Issues
Topic: Waterbury, Stowe, Burlington, VT
Replies: 12
Views: 735

Re: Waterbury, Stowe, Burlington, VT

If you or your kids enjoy parades, the Memorial Day parade in Vergennes is the largest in the state. It's a real celebration of small-town America and down-home patriotism. Count on seeing the governor and Sen. Bernie walking in it. A ceremony at the City Park (town green) follows the parade as well...
by friar1610
Fri Apr 06, 2018 12:28 pm
Forum: Personal Consumer Issues
Topic: Car Subscriptions
Replies: 22
Views: 2377

Re: Car Subscriptions

I just bought a late model used Volvo. In trying to find the right one I spent a fair amount of time at several Volvo dealers in MA over a 1-2 month period. Two data points from those visits: - many, if not most, of the 2-3 year old models are cars coming off lease - Volvo has a brand new model, the...
by friar1610
Thu Apr 05, 2018 3:16 pm
Forum: Investing - Theory, News & General
Topic: JAMA article's health implications for asset allocation
Replies: 43
Views: 3637

Re: JAMA article's health implications for asset allocation

I have been allowing the percentage of equities to drift upwards by withdrawing only from fixed income (except for charitable donations which take the form of appreciated equities from my taxable account). Currently around 25% in equities. May eventually get to 40% but not in any hurry and don't pl...
by friar1610
Wed Apr 04, 2018 10:25 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle Speeches - Support the Forum?
Replies: 6
Views: 1130

Re: Jack Bogle Speeches - Support the Forum?

The best parts of many of his speeches can be found in his books, and actually I think there may already be a book that's composed of a bunch of his speeches.. I'm going to search Amazon and I'll come back and update if I find the one I'm thinking of. ... I believe " John Bogle on Investing: The Fi...
by friar1610
Tue Apr 03, 2018 9:01 am
Forum: Investing - Theory, News & General
Topic: Primerica - a formative experience on the way to being a Boglehead
Replies: 8
Views: 1653

Re: Primerica - a formative experience on the way to being a Boglehead

Great story! I was once in an audience where a "financial planner" - it may have been Primerica but I don't specifically recall - asked if anyone knew what the Rule of 72 was. I raised my hand and explained what it was. He was blown away that a mere mortal and a financial unsophisticate would know a...
by friar1610
Sun Apr 01, 2018 8:58 pm
Forum: Personal Consumer Issues
Topic: Hand and bath towels- keep them or toss
Replies: 14
Views: 1982

Re: Hand and bath towels- keep them or toss

Or if you work out at a fitness center use some of them for gym towels. The rag bin and my gym bag get all of our old towels.
by friar1610
Sat Mar 31, 2018 1:26 pm
Forum: Personal Finance (Not Investing)
Topic: Grass is always greener, federal edition
Replies: 59
Views: 6696

Re: Grass is always greener, federal edition

Why don't you just take the federal contracting route? Here's why: 1.) You get to stay with your employer, same job duties, same boss, same people, etc. 2.) You get same govie-like schedules, 40hr work week (often illegal to work more than your govie counterparts), same holidays, etc 3.) Agencies l...
by friar1610
Sat Mar 31, 2018 12:45 pm
Forum: Personal Finance (Not Investing)
Topic: Federal survivor benefit decision help needed
Replies: 19
Views: 1485

Re: Federal survivor benefit decision help needed

Slightly different situation for me as I am a military retiree but more parallels than not. We could select a base amount of our retired pay and then pay 6% of that base amount. Survivor would then get 55% of the base amount upon death of the retiree. Both the premium we paid and the benefits to the...
by friar1610
Wed Mar 28, 2018 10:15 pm
Forum: Local Chapters and Bogleheads Community
Topic: A lot of heavy hitters this morning
Replies: 244
Views: 18783

Re: A lot of heavy hitters this morning

I'm an old retired guy who long ago stopped worrying about how much income I have relative to others. But I will say that I'm often amazed by some of the incomes relatively young people (say, in their 30s and 40s) are earning these days if BH posts are to be believed (and I gave no reason to disbeli...
by friar1610
Tue Mar 27, 2018 9:06 am
Forum: Personal Finance (Not Investing)
Topic: Gifting Appreciated Stocks to Grandparent to pay Child's Private School Tuition
Replies: 121
Views: 6928

Re: Gifting Appreciated Stocks to Grandparent to pay Child's Private School Tuition

As I've read through this thread the thought occurs to me... If you read in the paper that___________________ (fill in the name of a politician that you particularly dislike) had used this technique to pay for his/her kid's private school tuition, what would your reaction be?
by friar1610
Mon Mar 26, 2018 4:12 pm
Forum: Personal Consumer Issues
Topic: New car?
Replies: 46
Views: 3342

Re: New car?

I just bought a used car to replace a 2005 that I bought in 2006 as a CPO with 20K miles on it. It now has 150K miles on it. It still runs well but is definitely showing signs of age. I wrestled with whether to try to get another year, another few years, whatever out of it. I finally decided that wi...
by friar1610
Fri Mar 23, 2018 4:03 pm
Forum: Investing - Help with Personal Investments
Topic: USAA- limited options for investments w/ high ER's, but I still feel loyal. Help!
Replies: 43
Views: 2287

Re: USAA- limited options for investments w/ high ER's, but I still feel loyal. Help!

>50 year USAA member here. I use them for insurance only. Well, actually I have a cc with the bank and once got a HELOC from them. I can understand the feeling of loyalty toward them. BUT, I invest with VG. USAA has its strengths (primarily insurance) while VG has theirs. So stick with the strength...
by friar1610
Fri Mar 23, 2018 9:00 am
Forum: Investing - Help with Personal Investments
Topic: USAA- limited options for investments w/ high ER's, but I still feel loyal. Help!
Replies: 43
Views: 2287

Re: USAA- limited options for investments w/ high ER's, but I still feel loyal. Help!

>50 year USAA member here. I use them for insurance only. Well, actually I have a cc with the bank and once got a HELOC from them. I can understand the feeling of loyalty toward them. BUT, I invest with VG. USAA has its strengths (primarily insurance) while VG has theirs. So stick with the strengths...
by friar1610
Thu Mar 22, 2018 5:18 pm
Forum: Investing - Theory, News & General
Topic: Working till retirement is not a great plan
Replies: 175
Views: 13869

Re: Working till retirement is not a great plan

OP, 1) I am fighting a losing battle trying to wake people up that they are overly optimistic that they will be fully-employed until retirement age. 2) In most cases, younger professional at the 30s chooses to be "House Poor" and overpay for their houses. When they hit the 40s and faces their first...
by friar1610
Wed Mar 21, 2018 5:00 pm
Forum: Personal Consumer Issues
Topic: Direct TV vs. Cable
Replies: 20
Views: 1288

Re: Direct TV vs. Cable

Been a DirecTV customer for about 6 years. I live in NH where it snows a lot, and I think the comments about it going out are very overstated. I bet in those 6 years I've been without reception for a total of 2 hours or so It depends quite a bit on how and where it's installed I had it when I previ...
by friar1610
Tue Mar 20, 2018 8:10 pm
Forum: Personal Finance (Not Investing)
Topic: Trust vs Will Gotchas
Replies: 20
Views: 2193

Re: Trust vs Will Gotchas

What happens when a healthy parent passes with assets and the spouse is in a nursing home being spent down? What other questions do I need to ask? The assets become the surviving spouses and will be used to pay for the nursing home until it's (almost) gone and then Medicare pays. We just drew this ...
by friar1610
Tue Mar 20, 2018 5:57 pm
Forum: Personal Consumer Issues
Topic: New Subaru Outback vs. used Volvo XC-70
Replies: 53
Views: 5407

Re: New Subaru Outback vs. used Volvo XC-70

OP here. I posted my original question at the end of January. Since then I've looked at and driven a lot of cars - Subarus, a number of different Volvo models, Honda CR-Vs. And finally closed the deal earlier today... I bought a used (2015) Volvo XC-70, the same make and model I have now, only 10 ye...
by friar1610
Mon Mar 19, 2018 4:10 pm
Forum: Personal Consumer Issues
Topic: Modest stereo system
Replies: 57
Views: 3639

Re: Modest stereo system

Silk McCue wrote:
Thu Mar 15, 2018 9:11 pm
Definitely rip all your CD’s to digital. All that I own are in Itunes.
Yeah, any that I really like have been downloaded to my computer and put in iTunes.
by friar1610
Mon Mar 19, 2018 4:09 pm
Forum: Personal Consumer Issues
Topic: Modest stereo system
Replies: 57
Views: 3639

Re: Modest stereo system

What technology do you currently use, especially audio-visual? I have a hi-def TV, a DVD player, FIOS. No special audio enhancements to the TV speakers. My system that I never hooked up is a tuner, a CD player (that probably doesn't work any more), speakers. As you can see, I am not a sophisticate ...