Search found 372 matches

by retire57
Fri May 25, 2018 2:40 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone having trouble with Quicken today?
Replies: 1
Views: 193

Anyone having trouble with Quicken today?

Can't open Quicken. I keep getting an error message - with no explanation. I have the 2016 Deluxe Version. I've tried re-starting, then re-installing with no luck.

Thanks.
by retire57
Sat Apr 07, 2018 9:07 am
Forum: Personal Finance (Not Investing)
Topic: Permanent DINK couples - Considerations, thoughts, etc?
Replies: 40
Views: 4618

Re: Permanent DINK couples - Considerations, thoughts, etc?

DINKs here, now retired. Built a nice nest egg as a result of lower living expenses, no college funding, small ER, and no life insurance premiums.
by retire57
Wed Mar 28, 2018 10:43 am
Forum: Personal Finance (Not Investing)
Topic: Retirees: How does your retirement spending compare to pre-retirement spending?
Replies: 48
Views: 6630

Re: Retirees: How does your retirement spending compare to pre-retirement spending?

We are bridging the gap before Medicare and now pay $960/month for medical insurance for both of us. So yes, we spend more in retirement. Other than that, our expenses haven't changed.
by retire57
Sun Mar 25, 2018 8:17 pm
Forum: Investing - Theory, News & General
Topic: How old were you when you started spending your “principal”?
Replies: 90
Views: 8493

Re: How old were you when you started spending your “principal”?

Love this practical (versus theoretical) question. Enjoy the responses from those with actual (versus speculative) experience. Though, in true BH.org style, the theoretical (versus anecdotal) responses will hijack the thread. 8-)
by retire57
Thu Mar 22, 2018 10:53 am
Forum: Personal Finance (Not Investing)
Topic: What Budget? Do you keep one?
Replies: 116
Views: 7821

Re: What Budget? Do you keep one?

Yes. We use a spreadsheet with categories: Groceries, Gas, Golf, Cash, Insurance, Utilities. Years of Quicken data makes for easy plug-in of the monthly numbers. Whatever is left is ear-marked for Miscellaneous (i.e. household items, pet care, clothing etc...). Zero-based.
by retire57
Mon Mar 19, 2018 9:43 am
Forum: Personal Finance (Not Investing)
Topic: Retirement - Fear of the Unknown
Replies: 34
Views: 3775

Re: Retirement - Fear of the Unknown

Get a pen and paper. Make a list of some activities you would engage in rather than working. If the list flows easily, you'll be fine. Me - I could have filled up a legal pad without even trying.

People who can't imagine what they will do when retired have no imagination.
by retire57
Fri Mar 16, 2018 12:48 pm
Forum: Personal Finance (Not Investing)
Topic: Those with high savings rate: why?
Replies: 246
Views: 31812

Re: Those with high savings rate: why?

Money gives you options. Our incomes always exceeded our expenses because we live simply, so saving a lot wasn't a sacrifice.
by retire57
Thu Mar 15, 2018 10:31 am
Forum: Personal Finance (Not Investing)
Topic: Recommended savings ‘Buckets’?
Replies: 30
Views: 2505

Re: Recommended savings ‘Buckets’?

We like simplicity and one bucket of 10K has covered us nicely for years.
by retire57
Thu Mar 08, 2018 6:15 pm
Forum: Personal Finance (Not Investing)
Topic: BH's that are retired & mortgage free
Replies: 21
Views: 3136

Re: BH's that are retired & mortgage free

We are 60 and 64 and debt-free. We pay 1064/month for health insurance for the 2 of us (a group plan for retirees of DH's previous employer). The premiums increase every couple of years. Note: I don't include the cost of health insurance in our spending as the amount is deducted from DH's pension. L...
by retire57
Fri Mar 02, 2018 11:52 am
Forum: Investing - Theory, News & General
Topic: How does one emotionally keep it together during market swings?
Replies: 111
Views: 8935

Re: How does one emotionally keep it together during market swings?

1. Don't look or
2. Rather than examining your porfolio's total value, look at the number of shares you own. See how they accumulate more quickly when they are on sale.
by retire57
Thu Mar 01, 2018 12:13 pm
Forum: Investing - Theory, News & General
Topic: Two- Factor Authentication at Vanguard - Update
Replies: 41
Views: 8760

Re: Two- Factor Authentication at Vanguard

Just an update with some, perhaps, helpful info. Today was the first day I had transactions to download to Quicken from Vanguard since enrolling in the 2-factor authentication. The transactions would not update in Quicken. Next I logged onto my Vanguard account on my PC and tried the update again an...
by retire57
Wed Feb 28, 2018 6:27 pm
Forum: Personal Finance (Not Investing)
Topic: What should my priorities be?
Replies: 34
Views: 2908

Re: What should my priorities be?

All that debt is a heavy anchor that will delay your financial independence the longer you drag it around. Work like a maniac to get it out of your life. And, yes, start with the family member.
by retire57
Wed Feb 28, 2018 9:55 am
Forum: Personal Finance (Not Investing)
Topic: How much cash do you keep at any time on checking?
Replies: 183
Views: 15065

Re: How much cash do you keep at any time on checking?

One month of expenses ~ 2,000 - 2,500.
by retire57
Sun Feb 25, 2018 4:47 pm
Forum: Investing - Theory, News & General
Topic: Two- Factor Authentication at Vanguard - Update
Replies: 41
Views: 8760

Re: Two- Factor Authentication at Vanguard

Thanks all! I did enroll in 2 FA - stipulating the safeguard is only for 'unknown' devices. We'll see how it works with Quicken.
by retire57
Sat Feb 24, 2018 7:17 pm
Forum: Investing - Theory, News & General
Topic: Two- Factor Authentication at Vanguard - Update
Replies: 41
Views: 8760

Two- Factor Authentication at Vanguard - Update

Am not currently using the 2FA. Should probably start. So ... does the code get sent from VG every single time you want to log-in? I download all my transactions and balances every day in Quicken and dread the inconvenience of going through the text message process everyday. Of course, I dread the i...
by retire57
Thu Feb 22, 2018 10:31 pm
Forum: Personal Finance (Not Investing)
Topic: Do you rent even if you can afford to buy?
Replies: 82
Views: 9836

Re: Do you rent even if you can afford to buy?

It's apples to oranges. Homeowner expenses include repairs and maintenance. Not so renting. Examples: replacing our roof cost $8,000, pest control is about $800 per year. You'll have to pay to replace the dead refrigerator, broken dishwasher, and malfunctioning air conditioner. Crack open the walle...
by retire57
Thu Feb 22, 2018 9:23 am
Forum: Personal Finance (Not Investing)
Topic: Do you rent even if you can afford to buy?
Replies: 82
Views: 9836

Re: Do you rent even if you can afford to buy?

It's apples to oranges. Homeowner expenses include repairs and maintenance. Not so renting. Examples: replacing our roof cost $8,000, pest control is about $800 per year. You'll have to pay to replace the dead refrigerator, broken dishwasher, and malfunctioning air conditioner. Crack open the wallet...
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: 164
Views: 11973

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: 168
Views: 18292

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: 68
Views: 9264

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: 11419

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: 316
Views: 35204

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: 316
Views: 35204

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: 159
Views: 14030

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: 50
Views: 3153

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: 99
Views: 10900

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: 86
Views: 7921

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: 105
Views: 10819

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: 115
Views: 10118

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: 115
Views: 10118

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: 65
Views: 6505

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: 1922

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: 17500

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: 5519

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: 5496

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: 211
Views: 20599

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: 4624

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: 628

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: 5112

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: 628

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: 186
Views: 25270

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: 483
Views: 43048

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: 4265

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: 23419

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: 12808

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: 10373

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: 3124

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: 4894

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: 5281

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...