Search found 490 matches

by retire57
Sun Mar 29, 2020 1:45 pm
Forum: Personal Investments
Topic: Retirement Check: Guidance Appreciated
Replies: 9
Views: 812

Re: Retirement Check: Guidance Appreciated

Pay the debt off before retirement.
by retire57
Sat Mar 28, 2020 4:15 pm
Forum: Personal Finance (Not Investing)
Topic: how much cash do you keep at home?
Replies: 130
Views: 8282

Re: how much cash do you keep at home?

Zero. That's never even occurred to me. :confused
by retire57
Fri Mar 27, 2020 7:47 pm
Forum: Investing - Theory, News & General
Topic: So, Where Are You *Back* To in Time? (And Were You Happy Then?)
Replies: 63
Views: 3658

Re: So, Where Are You *Back* To in Time? (And Were You Happy Then?)

Mid-February 2017. Happy then, happy now. Great thread!
by retire57
Wed Mar 25, 2020 11:23 pm
Forum: Personal Investments
Topic: Can you share your success stories?
Replies: 15
Views: 1468

Re: Can you share your success stories?

It took us about 30 years, with some employment gaps, to become financially independent using Boglehead principles. Buying and holding index funds all the way, we were never big earners, but rather big savers. Living in modest homes, driving modest cars, and avoiding debt helped.
by retire57
Sun Mar 22, 2020 10:14 pm
Forum: Personal Investments
Topic: Recently retired, should I protect equity and sell?
Replies: 20
Views: 2253

Re: Recently retired, should I protect equity and sell?

retire57 wrote:
Sun Mar 22, 2020 10:13 pm
DH and I are in a similar position and we aren't selling. The only thing we are doing differently is not looking at our portfolio :shock:.
by retire57
Sun Mar 22, 2020 10:13 pm
Forum: Personal Investments
Topic: Recently retired, should I protect equity and sell?
Replies: 20
Views: 2253

Re: Recently retired, should I protect equity and sell?

DH and I are in a similar position and we aren't selling. The only thing we are doing differently is not looking at our portfolio :shock:
by retire57
Sat Mar 14, 2020 9:00 pm
Forum: Investing - Theory, News & General
Topic: Vanguard CEO and CIO - stay the course, rebalance
Replies: 17
Views: 1105

Re: Vanguard CEO and CIO - stay the course, rebalance

Very good article and advise. As a long time bogleheads, I have always followed “stay the course” philosophy. I have a question with regards to rebalancing in this market. Current Portfolio Value - $832K Age 65 Target Allocation 55% Stocks - Total Stock & S&P 500 INDEX 35% Bonds - VBILX 10% Cash Cu...
by retire57
Sat Mar 14, 2020 1:54 pm
Forum: Personal Finance (Not Investing)
Topic: New Car Advice [Buy outright or finance?]
Replies: 4
Views: 531

Re: New Car Advice [Buy outright or finance?]

OP, We are in the same situation. We have the cash to buy new and are waiting for the 2020 Highlander Hybrids to arrive on the dealer lots. Although the cash is earmarked for the car purchase, the current conditions have given us pause even though, like you, our income is covered. Unlike you, I don'...
by retire57
Sat Mar 14, 2020 12:51 pm
Forum: Personal Investments
Topic: Pay more on mortgage
Replies: 26
Views: 1459

Re: Pay more on mortgage

I can only speak from my experience. We paid cash for a home in 1999 versus dumping it into the market and it was absolutely the correct decision for us. Having no debt over the past 20 years has given us enormous flexibility in our careers in addition to a priceless sense of security. Good luck wit...
by retire57
Sat Mar 14, 2020 12:35 pm
Forum: Personal Investments
Topic: What are people who are using their portfolio for income doing?
Replies: 42
Views: 1927

Re: What are people who are using their portfolio for income doing?

dbr wrote:
Sat Mar 14, 2020 10:01 am
retire57 wrote:
Sat Mar 14, 2020 9:38 am
Same thing we've always done as we only spend dividends.
Spending dividends issued by stock funds IS withdrawing from stocks.
I never stated otherwise. I'm just answering the OP's question. :happy
by retire57
Sat Mar 14, 2020 9:38 am
Forum: Personal Investments
Topic: What are people who are using their portfolio for income doing?
Replies: 42
Views: 1927

Re: What are people who are using their portfolio for income doing?

Same thing we've always done as we only spend dividends.
by retire57
Thu Mar 12, 2020 11:05 am
Forum: Investing - Theory, News & General
Topic: My Solution
Replies: 20
Views: 1234

Re: My Solution

Just a thought, instead of agonizing over the drop in your balances try just focusing on number of shares you own. Obviously if you didn't panic sell you own exactly the same number of shares as you did a month ago, and with new money and dividend reinvestment your gaining more shares at a lower pr...
by retire57
Thu Mar 12, 2020 11:02 am
Forum: Personal Investments
Topic: Asset Allocation Rebalancing During the Corona Virus
Replies: 18
Views: 2082

Re: Asset Allocation Rebalancing During the Corona Virus

The recent market, um ... volatility ... confirms that rebalancing by schedule rather than by percentage is best. At least for us. Less vigilance = less anxiety.
by retire57
Sun Mar 08, 2020 9:10 pm
Forum: Personal Consumer Issues
Topic: Talk me into or out of a new vehicle purchase
Replies: 29
Views: 2350

Re: Talk me into or out of a new vehicle purchase

Because you can pay cash and intend to keep the car for many years, I vote "yes". Happy shopping!
by retire57
Sun Mar 08, 2020 7:22 am
Forum: Personal Investments
Topic: Living off dividends in retirement?
Replies: 106
Views: 7823

Re: Living off dividends in retirement?

abuss368 wrote:
Sat Mar 07, 2020 12:36 pm
I have family who retired and do this with Total market index funds. It works.
Works for us too.
by retire57
Thu Mar 05, 2020 9:02 pm
Forum: Personal Consumer Issues
Topic: How is this possible? Is Alexa spying on me?
Replies: 110
Views: 8048

Re: How is this possible? Is Alexa spying on me?

calmaniac wrote:
Thu Mar 05, 2020 8:45 pm
Just wait til Alexa tells you she can't open the pod bay doors.
:D :D :D
by retire57
Sun Mar 01, 2020 9:02 pm
Forum: Personal Consumer Issues
Topic: Did you celebrate when you finally hit $1m?
Replies: 282
Views: 33387

Re: Did you celebrate when you finally hit $1m?

We did. Decided to have sushi and sparkling wine to toast our achievement. This has turned into a tradition every time we hit a financial milestone. :D
by retire57
Sun Mar 01, 2020 8:52 pm
Forum: Personal Consumer Issues
Topic: Coronavirus (Consumer Issues) How you are preparing?
Replies: 1447
Views: 110368

Re: Coronavirus (Consumer Issues) How you are preparing?

"Seriously people- STOP BUYING MASKS! I saw that statement too and found it odd. Hospitals and clinics aren't supplied with masks because someone runs to Costco or Walgreens and picks them up. Masks - and everything else- are supplied by vendors. It's quite unlikely the supply would run out just be...
by retire57
Sat Feb 29, 2020 11:46 am
Forum: Personal Investments
Topic: New retiree perspective during Corona Crash
Replies: 57
Views: 6926

Re: New retiree perspective during Corona Crash

Four years into retirement and we are still above where we started. We only use our nest egg to supplement pensions and SS income - and that only comes from dividends from our taxable funds. Those aren't going away. I don't see any panic in this thread so we all must have done something right! :shar...
by retire57
Fri Feb 28, 2020 11:21 pm
Forum: Personal Finance (Not Investing)
Topic: Can my wife and I afford a $600K + house?
Replies: 52
Views: 4202

Re: Can my wife and I afford a $600K + house?

Your living expenses will rise considerably with home-ownership versus renting. Furnishings, insurance, routine maintenance, repairs, and taxes just to name a few. (See how much window coverings, area rugs, and lawnmowers cost, for example). While you are paying off your consumer debt, figure out ho...
by retire57
Fri Feb 28, 2020 6:25 pm
Forum: Investing - Theory, News & General
Topic: Re-assessing risk tolerance if near/in retirement
Replies: 50
Views: 2453

Re: Re-assessing risk tolerance if near/in retirement

We are retired and at 50/50 AA (or were before today - haven't looked and I'm not gonna). We have enough income between pensions and DH's SS to meet our expenses. This is our first drop since retirement, though we weathered 1987, 1999, 9/11, and 2008. So we are calm. But I feel for folks that are re...
by retire57
Mon Feb 24, 2020 4:50 am
Forum: Personal Finance (Not Investing)
Topic: Retirement expenses vs pre-retirement expenses?
Replies: 28
Views: 2978

Re: Retirement expenses vs pre-retirement expenses?

It would not be the "Lifestyles of the Rich and Famous" but around here with a paid off house $60K is enough for an above average middle class lifestyle including some travel. Very roughly I would think that would be comparable to a younger working couple with kids, a mortage, taxes, and retirement...
by retire57
Thu Feb 20, 2020 11:38 pm
Forum: Personal Consumer Issues
Topic: Used car purchase - now dreading it
Replies: 117
Views: 8179

Re: Used car purchase - now dreading it

I have no advice to offer but just want to say I'm so sorry you are having to deal with this. Please return and let us know what transpires.
by retire57
Wed Feb 19, 2020 9:59 pm
Forum: Investing - Theory, News & General
Topic: Retirement Planning for Different Aged Spouses
Replies: 17
Views: 1176

Re: Retirement Planning for Different Aged Spouses

We have the same age gap. We are currently 62 and 66 &1/2 and started saving for retirement after marriage 36 years ago. We did not have His and Hers AAs, although our AA did skew a bit towards DH as he earned more than I did. As others have pointed out, the biggest consideration was our savings rate.
by retire57
Sun Feb 16, 2020 2:32 pm
Forum: Personal Finance (Not Investing)
Topic: How does everyone visualize their finances?
Replies: 48
Views: 3356

Re: How does everyone visualize their finances?

Nothing beats Quicken for tracking and reporting.
by retire57
Fri Feb 14, 2020 9:30 pm
Forum: Personal Investments
Topic: When to take RMD for stretch IRA?
Replies: 9
Views: 798

Re: When to take RMD for stretch IRA?

Beaker12 wrote:
Fri Feb 14, 2020 8:05 am
We setup the Vanguard RMD service to automatically send us a check. To me the peace of mind of knowing I won’t forget to pull the RMD is worth it.
We did the same except the $ is deposited annually in our MM.
by retire57
Fri Feb 14, 2020 9:26 pm
Forum: Personal Consumer Issues
Topic: Advice for my next car please
Replies: 24
Views: 2163

Re: Advice for my next car please

We've been minivan shopping and I recommend you check out the Kia Sedona. We are seriously impressed with this van's quality, reliability, safety ratings, and value. (The only reason we aren't snapping one up is that I've decided to go hybrid/electric.) They are really awesome minivans. (I swear I'm...
by retire57
Fri Feb 14, 2020 2:48 pm
Forum: Personal Investments
Topic: Where can I invest 8,000 cash for a year?
Replies: 14
Views: 1375

Re: Where can I invest 8,000 cash for a year?

tsohg wrote:
Fri Feb 14, 2020 1:47 pm
Taking out a loan and investing in a CD or similar seems like a lot of work to make a small amount of money.
+1
by retire57
Fri Feb 14, 2020 2:23 pm
Forum: Personal Consumer Issues
Topic: What are your not free but still frugal hobbies?
Replies: 102
Views: 7412

Re: What are your not free but still frugal hobbies?

New York Times crossword puzzle annual subscription- $45. I think I'm paying less than that, but I don't remember what sort of deal I wound up getting. At any rate, I'm averaging about 100 minutes a week of solving, or over 85 hours a year. So not a bad per-hour cost, even at $45/yr! Wow! :beer You...
by retire57
Fri Feb 14, 2020 2:17 pm
Forum: Personal Investments
Topic: Selling shares to buy a car? Yikes!
Replies: 47
Views: 4360

Re: Selling shares to buy a car? Yikes!

Unless you are pulling from a Roth IRA, you are potentially paying taxes of 20-25% on that withdrawal, more depending on whether you have state income taxes to worry about. Just something to consider. The choice would be between my Roth or taxable. Wouldn't the taxable withdrawal simply incur a LT ...
by retire57
Thu Feb 13, 2020 11:30 pm
Forum: Personal Investments
Topic: Selling shares to buy a car? Yikes!
Replies: 47
Views: 4360

Re: Selling shares to buy a car? Yikes!

Okay. :confused Since it's not 2009, what are your thoughts about car loans in 2020? Stocks are expensive now, so take some profits (sell the shares) out of your IRA, reduce your future RMDs, and buy the car. I get your point. But if pulling from my Roth, I would be selling from a bond fund. And I ...
by retire57
Thu Feb 13, 2020 11:28 pm
Forum: Personal Investments
Topic: Selling shares to buy a car? Yikes!
Replies: 47
Views: 4360

Re: Selling shares to buy a car? Yikes!

Unless you are pulling from a Roth IRA, you are potentially paying taxes of 20-25% on that withdrawal, more depending on whether you have state income taxes to worry about. Just something to consider. The choice would be between my Roth or taxable. Wouldn't the taxable withdrawal simply incur a LT ...
by retire57
Thu Feb 13, 2020 8:47 pm
Forum: Personal Investments
Topic: Selling shares to buy a car? Yikes!
Replies: 47
Views: 4360

Re: Selling shares to buy a car? Yikes!

DH is retired and I still work part-time. Our living expenses are covered by his pension/his SS/my income. I plan to take SS at 64 (my break-even age) and may continue to work. I'm beginning to wonder if we will ever touch our $1.2 million nest egg. (50/50 taxable and tax-deferred.) Great problem t...
by retire57
Thu Feb 13, 2020 8:29 pm
Forum: Personal Investments
Topic: Selling shares to buy a car? Yikes!
Replies: 47
Views: 4360

Re: Selling shares to buy a car? Yikes!

Okay. :confused Since it's not 2009, what are your thoughts about car loans in 2020? Stocks are expensive now, so take some profits (sell the shares) out of your IRA, reduce your future RMDs, and buy the car. I get your point. But if pulling from my Roth, I would be selling from a bond fund. And I ...
by retire57
Thu Feb 13, 2020 8:22 pm
Forum: Personal Investments
Topic: Selling shares to buy a car? Yikes!
Replies: 47
Views: 4360

Re: Selling shares to buy a car? Yikes!

I agree, life is short, you have saved up a good sum. Buy a nice car and help the economy grow. :happy I would prefer you buy a nice electric cargo bike or a hybrid or fully electric car, but I am about to buy a new Royal Enfield Himalayan adventure bike that runs on gasoline, so I would be a hypoc...
by retire57
Thu Feb 13, 2020 8:18 pm
Forum: Personal Investments
Topic: Selling shares to buy a car? Yikes!
Replies: 47
Views: 4360

Re: Selling shares to buy a car? Yikes!

Why not buy a 1 to 2 year old used car and not even spend the $10k? I'm sure you've already considered this, because its not the question you asked. But as someone who bought a new car every 2 to 3 years throughout my 20s and 30s, I can't help but to shudder at the thought now. Obviously you can af...
by retire57
Thu Feb 13, 2020 7:17 am
Forum: Personal Finance (Not Investing)
Topic: Benefits of paying cash for a house
Replies: 50
Views: 4779

Re: Benefits of paying cash for a house

I don’t subscribe to the whole “own your home free and clear” thing now that I’ve been there, done that once. What does it let you do that you can’t do if you have a mortgage? I look at it more along the lines of having a partner to share the (small) risk of an uninsured complete loss. And for that...
by retire57
Wed Feb 12, 2020 6:21 pm
Forum: Personal Investments
Topic: Selling shares to buy a car? Yikes!
Replies: 47
Views: 4360

Re: Selling shares to buy a car? Yikes!

adamthesmythe wrote:
Wed Feb 12, 2020 6:18 pm
> it's almost impossible to imagine dipping into our retirement funds in exchange for a depreciating asset

Your lifetime remaining is also a depreciating asset.
May be the truest statement I've ever heard. :beer
by retire57
Wed Feb 12, 2020 3:08 pm
Forum: Personal Investments
Topic: Selling shares to buy a car? Yikes!
Replies: 47
Views: 4360

Re: Selling shares to buy a car? Yikes!

mervinj7 wrote:
Wed Feb 12, 2020 3:05 pm
10/1200=0.83%

It's just noise in the short and long term. When you do sell, look at maximising tax efficiency.
Well, the most tax efficient way would be to use my Roth, right?
by retire57
Wed Feb 12, 2020 3:06 pm
Forum: Personal Investments
Topic: Selling shares to buy a car? Yikes!
Replies: 47
Views: 4360

Re: Selling shares to buy a car? Yikes!

66 and 8 months until FRA. I assure you my income will be well below that threshold.
by retire57
Wed Feb 12, 2020 2:54 pm
Forum: Personal Investments
Topic: Selling shares to buy a car? Yikes!
Replies: 47
Views: 4360

Selling shares to buy a car? Yikes!

DH is retired and I still work part-time. Our living expenses are covered by his pension/his SS/my income. I plan to take SS at 64 (my break-even age) and may continue to work. I'm beginning to wonder if we will ever touch our $1.2 million nest egg. (50/50 taxable and tax-deferred.) Great problem to...
by retire57
Tue Feb 11, 2020 10:56 pm
Forum: Personal Investments
Topic: New money to Roth or rebalance?
Replies: 5
Views: 300

Re: New money to Roth or rebalance?

jeroly wrote:
Tue Feb 11, 2020 10:48 pm
You don’t want to be putting bonds into your Roth account. Take advantage of the tax free growth with higher yielding investments like VTI or VXUS.
Appreciate the advice but ... doesn't answer my question. :?
by retire57
Tue Feb 11, 2020 10:50 pm
Forum: Personal Consumer Issues
Topic: What are your not free but still frugal hobbies?
Replies: 102
Views: 7412

Re: What are your not free but still frugal hobbies?

New York Times crossword puzzle annual subscription- $45.
by retire57
Tue Feb 11, 2020 10:43 pm
Forum: Personal Investments
Topic: New money to Roth or rebalance?
Replies: 5
Views: 300

New money to Roth or rebalance?

I'm 61 and still working. These days we could do with some rebalancing. Should I sell taxable Toral Stock Market shares to buy Total Bond Market shares for my 2020 Roth contributions OR infuse new money into the Roth?
by retire57
Tue Feb 11, 2020 10:36 pm
Forum: Personal Finance (Not Investing)
Topic: Benefits of paying cash for a house
Replies: 50
Views: 4779

Re: Benefits of paying cash for a house

Subjective but ... we faced the same decision about 20 years ago. Paid cash and never once regretted it.

Have any of you Bogleheads ever heard anyone say he/she regrets not having a mortgage?

Me neither.
by retire57
Tue Feb 11, 2020 7:00 pm
Forum: Personal Finance (Not Investing)
Topic: What is my best course of action?
Replies: 12
Views: 1035

Re: What is my best course of action?

This may sound harsh, but you can't afford to max out retirement when you have student loan/consumer debt. Clear that out ASAP and start with a clean slate. Your future self will thank you.
by retire57
Mon Feb 10, 2020 5:18 pm
Forum: Personal Consumer Issues
Topic: Chrysler Pacifica?
Replies: 33
Views: 2176

Re: Chrysler Pacifica?

Following as I am interested in the Pacifica too and have the same concerns as you. In fact, going to test-drive one soon.
by retire57
Wed Feb 05, 2020 12:58 pm
Forum: Personal Consumer Issues
Topic: Kia Sedona 2nd Row Seats Removable?
Replies: 10
Views: 800

Re: Kia Sedona 2nd Row Seats Removable?

Folks, I'm not hauling plywood! When did I say that?

I'm simply asking, as I clearly did in my initial post, can the 2nd row bench seats in the Sedona be removed???
by retire57
Tue Feb 04, 2020 11:52 pm
Forum: Personal Consumer Issues
Topic: Kia Sedona 2nd Row Seats Removable?
Replies: 10
Views: 800

Re: Kia Sedona 2nd Row Seats Removable?

Have relatives with a recent Sedona. Their 2nd row is captains chairs, which don't remove, but fold quite compactly against the front seats. No problem carrying a 4x8 sheet of plywood flat with seats folded. Thanks, but I need to remove them as the "fold-and-stow" configuration doesn't give me the ...
by retire57
Tue Feb 04, 2020 11:47 pm
Forum: Personal Consumer Issues
Topic: Kia Sedona 2nd Row Seats Removable?
Replies: 10
Views: 800

Re: Kia Sedona 2nd Row Seats Removable?

A simple Google search on the subject yielded the following: In our testing of cargo room, the Sedona fell short of all of its rivals by a wide margin due to second-row seats that tilt and slide but cannot be removed. https://www.caranddriver.com/kia/sedona Cheers I appreciate the link, but the cri...