Search found 354 matches

by retire57
Sat Feb 17, 2018 9:11 pm
Forum: Personal Finance (Not Investing)
Topic: What has been your most important skill in achieving financial independence?
Replies: 135
Views: 7078

Re: What has been your most important skill in achieving financial independence?

Discipline. Both to save/invest and live below our means. It paid off.
by retire57
Fri Feb 16, 2018 1:03 pm
Forum: Investing - Theory, News & General
Topic: Retirees: The common sense withdrawal method
Replies: 82
Views: 6658

Re: Retirees: The common sense withdrawal method

So far, two years into retirement, we take what we need. That has worked out to a 1% withdrawal rate from our taxable Vtsax in the form of dividends. This thread will garner input from people who are not yet retired and will jump the track. But hearing from those who are actually retired will be enl...
by retire57
Thu Feb 15, 2018 11:51 am
Forum: Investing - Theory, News & General
Topic: How many of you use the "4% rule" during retirement?
Replies: 43
Views: 5269

Re: How many of you use the "4% rule" during retirement?

Two years into retirement, we are withdrawing around 1%. Just don't need 4%. As I've said many times, you never know till you get there.
by retire57
Tue Feb 13, 2018 10:56 pm
Forum: Personal Finance (Not Investing)
Topic: Our 'cure' for emergency expenses
Replies: 96
Views: 10676

Re: Our 'cure' for emergency expenses

We've earmarked cash like that for years; the balance is kept at 8K. We call it our Curveball Fund.
by retire57
Tue Feb 13, 2018 4:57 pm
Forum: Investing - Theory, News & General
Topic: What if you only live off dividends?
Replies: 69
Views: 5577

Re: What if you only live off dividends?

We live off dividends and aren't what I consider rich. We are able to do so because the dividends from taxable funds supplement our pensions to provide living expenses. Once we reach FRA, we won't even 'need' the dividends. We didn't plan it this way - it just happened organically. We never once in...
by retire57
Tue Feb 13, 2018 11:47 am
Forum: Investing - Theory, News & General
Topic: What if you only live off dividends?
Replies: 69
Views: 5577

Re: What if you only live off dividends?

What if you drop this assumption altogether and just withdraw the dividends and bond interest payments? If you can live off of just dividends then you are rich. Congratulations on your financial success. Telling people "just be rich" doesn't seem like useful advice. We live off dividends and aren't...
by retire57
Mon Feb 12, 2018 7:26 pm
Forum: Personal Consumer Issues
Topic: What big item (>20k) are you saving up for?
Replies: 109
Views: 7568

Re: What big item (>20k) are you saving up for?

Two cruises to Hawaii and Alaska.
by retire57
Sat Feb 10, 2018 11:35 pm
Forum: Personal Consumer Issues
Topic: Home printer
Replies: 21
Views: 968

Re: Home printer

I know this is not what you are asking, but I've given up on home printers. They malfunction, eventually break, and are costly to operate. Like you, my printing needs are small. I put docs on a thumb drive and walk them over to my local printer or library or UPS store. You might spend $20-$80 per ye...
by retire57
Thu Feb 08, 2018 10:12 pm
Forum: Investing - Theory, News & General
Topic: How to deal with regret
Replies: 87
Views: 7288

Re: How to deal with regret

At least you're not the world's worst market timer. That's Bob. He only invested in market peaks right before the market fell. He did this repeatedly over decades. Things worked out fine for him (because he didn't need the money after he invested it AND the market went higher in the future after re...
by retire57
Tue Feb 06, 2018 9:38 am
Forum: Personal Consumer Issues
Topic: Amazon Alternative
Replies: 59
Views: 5676

Re: Amazon Alternative

I shop online at Walmart and Jet more often than Amazon these days.
by retire57
Fri Feb 02, 2018 2:35 pm
Forum: Personal Finance (Not Investing)
Topic: What's your cash position
Replies: 53
Views: 3577

Re: What's your cash position

1%. For travel and any future home repairs.
by retire57
Thu Feb 01, 2018 8:56 pm
Forum: Personal Consumer Issues
Topic: Tips on Buying a Class-B RV
Replies: 104
Views: 7481

Re: Tips on Buying a Class-B RV

Could a current owner comment on the boon docking? The class B's that I have explored so far have tiny tanks. I can go ten days without having to fill the fresh water tank or dump the waste tank. But then, I'm a solo traveler. The smaller tanks are one of the trade-offs for 1) the motility and 2) t...
by retire57
Thu Feb 01, 2018 12:41 pm
Forum: Personal Consumer Issues
Topic: Tips on Buying a Class-B RV
Replies: 104
Views: 7481

Re: Tips on Buying a Class-B RV

Roadtrek owner here too. 190 Popular 2010 model. Bought barely-used in 2012. I love it, but I'm a solo traveler. Bs hold their value. So the good news is, if you buy lightly used and it doesn't suit you, you are not out much, if at all. RVs are rather like boats - the maintenance and repairs are par...
by retire57
Sun Jan 28, 2018 10:21 pm
Forum: Personal Consumer Issues
Topic: Should I Do My Own Taxes Or Pay A CPA $500?
Replies: 64
Views: 5507

Re: Should I Do My Own Taxes Or Pay A CPA $500?

darrvao777 wrote:
Sun Jan 28, 2018 9:48 pm
Turbotax all the way

It imports all my Vanguard forms for me and is way cheaper than $500
Ditto.
by retire57
Sat Jan 27, 2018 12:31 pm
Forum: Investing - Theory, News & General
Topic: Age-based allocation when you don't need the money?
Replies: 22
Views: 1722

Re: Age-based allocation when you don't need the money?

We fit the scenario in the original post at ages 60 and 65. Our allocation is now 60/40. On the one hand, we can stop playing the game. On the other hand, we can take more risk as our pensions and SS more than cover our expenses. Ultimately, 60/40 feels right.
by retire57
Wed Jan 24, 2018 7:22 pm
Forum: Personal Finance (Not Investing)
Topic: Dear wife quits job and now we are down to 1 income
Replies: 190
Views: 16223

Re: Dear wife quits job and now we are down to 1 income

Cut your budget to the bone. Your wife's FT job is now home economist. No eating out, menu plan, shop using grocery circulars. Thrift stores for family clothing and shoes. Cut cable, read library books, take up hiking. With no debt but your house, you can live very well on your salary. And continue ...
by retire57
Wed Jan 17, 2018 12:16 pm
Forum: Investing - Help with Personal Investments
Topic: Make me feel good about my bond allocation
Replies: 46
Views: 5032

Re: Make me feel good about my bond allocation

Will be interested to see the respones as we are in a similar spot. We went 50/50 in 2016 and our bond allocation looks like a great big drag on our returns. Because it is. We lived through 1987, 2001, and 2008 so we aren't strangers to sub-optimal returns. But, even with all our experience, NOT tim...
by retire57
Sat Jan 13, 2018 12:30 pm
Forum: Personal Finance (Not Investing)
Topic: Getting your spouse on the same page
Replies: 53
Views: 5150

Re: Getting your spouse on the same page

We are fortunate in that my DH of 34 years and I are both collectors and love to spend.

Fortunate, because what we love to collect are shares. Buy, buy, buy!!! :D
by retire57
Sun Jan 07, 2018 5:16 pm
Forum: Investing - Theory, News & General
Topic: Memo to those who have won the game: it's time to quit playing
Replies: 210
Views: 18177

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

I also am letting my equities drift higher. Formerly I had 50% stocks as a target. I'm now thinking a 60% target will be better for the rest of my retirement, which started in 2013. I will win my latest game in two years when I file for SS at age 70. That $3500/month, on top of my annuity income, s...
by retire57
Sun Dec 31, 2017 2:17 pm
Forum: Investing - Help with Personal Investments
Topic: Early Retirement Planning Advice
Replies: 43
Views: 4204

Re: Early Retirement Planning Advice

Agree with the Firecalc suggestion. Health insurance premiums are a big piece of the puzzle. DH and I are pre-Medicare and we pay close to $1000/month for coverage. :o
by retire57
Fri Dec 29, 2017 12:29 pm
Forum: Investing - Help with Personal Investments
Topic: Decision on withdrawals
Replies: 13
Views: 490

Re: Decision on withdrawals

We are in exactly in your position. When the RMD days are upon us, we plan to contribute them to charity as Qualified Charitable Distributions. The QCD is omitted from your AGI whether you itemize or take the standard deduction. This is my understanding. Correct me, Bogleheads if I'm wrong. Just th...
by retire57
Fri Dec 29, 2017 12:28 pm
Forum: Personal Consumer Issues
Topic: A Year of Extreme Frugality
Replies: 48
Views: 4781

Re: A Year of Extreme Frugality

One simple method, and one I have used for a 'no-spend month', is to resist buying any non-food item unless the item is a replacement for another e.g. toothpaste, car battery, refrigerator...
by retire57
Fri Dec 29, 2017 12:19 pm
Forum: Investing - Help with Personal Investments
Topic: Decision on withdrawals
Replies: 13
Views: 490

Re: Decision on withdrawals

We are in exactly in your position. When the RMD days are upon us, we plan to contribute them to charity as Qualified Charitable Distributions. The QCD is omitted from your AGI whether you itemize or take the standard deduction.

This is my understanding. Correct me, Bogleheads if I'm wrong.
by retire57
Thu Dec 28, 2017 12:44 pm
Forum: Personal Finance (Not Investing)
Topic: TurboTax Prices
Replies: 171
Views: 21127

Re: TurboTax Prices

TurboTax Premier (fed + efile + state) is currently $55 on Amazon. Last year I think that was the lowest it got. Thanks for the head's up - dropped $15 - this likely might be the best (legitimate) price we will get. Thanks! Just ordered mine - $21.36 total using reward points and a gift card balanc...
by retire57
Mon Dec 25, 2017 2:23 pm
Forum: Personal Consumer Issues
Topic: What frugal thing did you do today?
Replies: 397
Views: 31020

Re: What frugal thing did you do today?

evilityb wrote:
Mon Dec 25, 2017 12:36 pm
I continued to not have children. It's amazing how much money I've saved with this strategy. :)
+1 :beer
by retire57
Sat Dec 23, 2017 11:19 am
Forum: Personal Finance (Not Investing)
Topic: Has anyone here purchased a home for cash (no mortgages)?
Replies: 39
Views: 3939

Re: Has anyone here purchased a home for cash (no mortgages)?

We did. After much deliberation, this monumental decision came down to a desire for peace-of-mind. 18 years later, we've never once regretted it.
by retire57
Fri Dec 22, 2017 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: Do you see a meaningful change in your income with new Tax Bill?
Replies: 266
Views: 21329

Re: Do you see a meaningful change in your income with new Tax Bill?

Thanks for the calculator link. Looks like we'll save about $850.
by retire57
Wed Dec 20, 2017 9:35 pm
Forum: Personal Finance (Not Investing)
Topic: A meal with friends yields a financial revelation
Replies: 95
Views: 11991

Re: A meal with friends yields a financial revelation

Know what you mean. I had a corollary experience some years ago, before retirement, walking through a casino/hotel. I saw a sweet-looking older couple enjoying some good wine in a nice bar. It suddenly struck me: THAT is what I want from my retirement savings. To be able to sit with DH and cheerfull...
by retire57
Tue Dec 19, 2017 8:23 pm
Forum: Personal Consumer Issues
Topic: How much do you spend on food per month, per person?
Replies: 151
Views: 9351

Re: How much do you spend on food per month, per person?

Was just doing our annual budget review as well and we, 2 of us, average $508/month. This includes food for the whole family (pups too) and wine. We love to cook and don't skimp on ingredients, but we do meal-plan each week. We dine out maybe 4 times a year and always pay cash, so don't track restau...
by retire57
Sun Dec 17, 2017 6:31 pm
Forum: Investing - Theory, News & General
Topic: Do you have bonds in Roths as a retiree?
Replies: 35
Views: 2868

Re: Do you have bonds in Roths as a retiree?

Yes. 100%. Was necessary to achieve our 50/50 AA.
by retire57
Fri Dec 15, 2017 5:00 pm
Forum: Personal Finance (Not Investing)
Topic: Two commas, I'm calling it
Replies: 20
Views: 4711

Re: Two commas, I'm calling it

2 bits,

Great story. Thanks for telling it and ... congratulations! :beer
by retire57
Thu Dec 14, 2017 4:24 pm
Forum: Investing - Help with Personal Investments
Topic: I’ve made huge errors and hope it’s not too late
Replies: 35
Views: 4965

Re: I’ve made huge errors and hope it’s not too late

You are in good shape. DH and I didn't get serious about saving for retirement until we were about your age. And we are doing great despite 2 bear markets along the way. What's made the biggest difference has been living frugally and staying out of debt for 20-plus years. Keep coming back here to st...
by retire57
Thu Dec 14, 2017 12:14 pm
Forum: Investing - Help with Personal Investments
Topic: Reached 50X annual spending. Now what?
Replies: 56
Views: 6308

Re: Reached 50X annual spending. Now what?

We also achieved that goal last year at 58 and 62. Congrats, BTW! We are at 50/50 which has been a bit nettling with this bull run but .... we keep reminding ourselves that in 2008, we were grateful to hold 30% bonds. And yes, having no debt at retirement was a key component of our financial plan.
by retire57
Tue Nov 28, 2017 6:13 pm
Forum: Personal Consumer Issues
Topic: After financial independence, do you lose motivation for work?
Replies: 156
Views: 11898

Re: After financial independence, do you lose motivation for work?

I certainly have. I'm a semi-retired professor and teach online. Lately I think about resigning just about every day. Maybe tomorrow will be the day I do it. :|
by retire57
Sun Nov 26, 2017 5:32 pm
Forum: Personal Finance (Not Investing)
Topic: Regrets for taking SS at 62 or waiting?
Replies: 100
Views: 9837

Re: Regrets for taking SS at 62 or waiting?

OP here. Thanks to all for your thoughtful responses.
by retire57
Thu Nov 23, 2017 10:52 am
Forum: Personal Finance (Not Investing)
Topic: Regrets for taking SS at 62 or waiting?
Replies: 100
Views: 9837

Regrets for taking SS at 62 or waiting?

The current SS discussion has made me curious. Can we hear from those of you who are collecting SS and whether you feel, for your situation, that you made the right decision to claim early or wait?
by retire57
Fri Nov 17, 2017 9:09 am
Forum: Investing - Theory, News & General
Topic: Where did you first learn about investing?
Replies: 98
Views: 5759

Re: Where did you first learn about investing?

A high school class included a months-long assignment that entailed choosing, trading, and tracking stocks. By newspaper, of course; it was the 70's. We even had a field trip to a brokerage firm.
by retire57
Wed Nov 15, 2017 6:02 pm
Forum: Personal Consumer Issues
Topic: Regrets after reaching retirement?
Replies: 42
Views: 4813

Re: Regrets after reaching retirement?

We made some not-so-good financial moves over our working careers, and yet everything worked out just fine. Never been happier.
by retire57
Mon Nov 06, 2017 5:34 pm
Forum: Personal Finance (Not Investing)
Topic: Disposable income... how?
Replies: 106
Views: 10591

Re: Disposable income... how?

Keep doing what you are doing and, one day, those people will look at you and say "How do they do that?".

:beer
by retire57
Sat Nov 04, 2017 1:21 pm
Forum: Personal Finance (Not Investing)
Topic: College student... Financial mess... Need advice...
Replies: 58
Views: 6234

Re: College student... Financial mess... Need advice...

Just accept the fact that you will be stuck with the rent for the duration of the lease. The good news is that you have a place to live in the meantime. Life lessons can be painful and expensive. Get through this tough time and move on.
by retire57
Fri Nov 03, 2017 9:49 am
Forum: Personal Finance (Not Investing)
Topic: Giving up on Quicken? (and expense tracking software altogether)
Replies: 73
Views: 5978

Re: Giving up on Quicken? (and expense tracking software altogether)

If we used Quicken for reconciling only, I would give it up. But we use it to track so many things - our savings rate, charitable contributions, travel expenses, and unexpected expenses, just to name a few. All this info is extremely valuable year-to-year.
by retire57
Tue Oct 24, 2017 8:42 am
Forum: Personal Consumer Issues
Topic: What service do you pay for that you could easily do yourself?
Replies: 57
Views: 5216

Re: What service do you pay for that you could easily do yourself?

Can't stand DIY. Been there. The ability to write a check to avoid tedious chores, maintenance, and repairs was a key motivation to accumulate a nice nest egg (and downsize as well).
by retire57
Wed Oct 18, 2017 4:44 pm
Forum: Personal Finance (Not Investing)
Topic: 2 Commas, Seven Figure
Replies: 19
Views: 3464

Re: 2 Commas, Seven Figure

:beer
by retire57
Tue Oct 17, 2017 4:53 pm
Forum: Personal Finance (Not Investing)
Topic: how long did it take to get used to retirement
Replies: 105
Views: 11005

Re: how long did it take to get used to retirement

It took DH about 20 minutes. I realize how harsh this sounds but ... people who say they don't know what they will do with themselves in retirement have no imagination.
by retire57
Mon Oct 16, 2017 8:41 pm
Forum: Personal Consumer Issues
Topic: Class B RV. Travato vs Roadtrek vs Suggestions?
Replies: 12
Views: 1542

Re: Class B RV. Travato vs Roadtrek vs Suggestions?

Hi Mr. Sandtrap, I'm a fan of the Roadtreks. As a matter of fact, I am writing this from my 2010 RT Popular - all snug in a campground on Lake Erie. I'm on a month-long trip at present, and have traveled solo for 5 years and over 60,000 miles in my beloved Roadie. (DH hates to travel.) You can't bea...
by retire57
Sat Oct 14, 2017 5:41 pm
Forum: Investing - Help with Personal Investments
Topic: First time investing - Invest now or wait?
Replies: 14
Views: 1212

Re: First time investing - Invest now or wait?

We invested a fat wad right before the 2000 tech bust. And we're doing just fine!
by retire57
Sun Oct 08, 2017 6:27 pm
Forum: Investing - Theory, News & General
Topic: Headlines du Jour [Financial news]
Replies: 4
Views: 769

Headlines du Jour [Financial news]

"Financial news doesn’t rhyme but it does repeat itself.” Helpful perspective on offer from this blogger:

http://awealthofcommonsense.com/2017/10 ... at-itself/
by retire57
Sun Oct 08, 2017 5:44 pm
Forum: Personal Finance (Not Investing)
Topic: What do you do with your empty inkjet cartridges?
Replies: 22
Views: 1806

Re: What do you do with your empty inkjet cartridges?

Big box office supply stores will recycle them.
by retire57
Sat Oct 07, 2017 8:10 pm
Forum: Investing - Theory, News & General
Topic: Flagship Reps
Replies: 91
Views: 9701

Re: Flagship Reps

drzzzzz wrote:
Sat Oct 07, 2017 7:57 pm
LadyGeek
That's what makes Vanguard so frustrating at times - different rules, internal processes, inconsistencies, and outcomes based upon who is asking, when it occurs, and whether there is an interest in solving the issue.
That's the case with any organization.