Search found 686 matches

by retire57
Wed May 05, 2021 2:47 pm
Forum: Personal Finance (Not Investing)
Topic: How Much Did You Budget for Travel in Retirement?
Replies: 122
Views: 10605

Re: How Much Did You Budget for Travel in Retirement?

We keep 10k on hand for travel and replenish as needed. It hasn't been needed since March 2020.
by retire57
Fri Apr 30, 2021 5:54 pm
Forum: Personal Finance (Not Investing)
Topic: Home Sale Regret
Replies: 37
Views: 6309

Re: Home Sale Regret

I guess anyone who has lived long enough has at least one story like this. I know we do.

Forget it and move on. Enjoy your new house!
by retire57
Fri Apr 30, 2021 5:46 pm
Forum: Personal Finance (Not Investing)
Topic: 24 years old - car loan vs sell truck and invest cash
Replies: 7
Views: 500

Re: 24 years old - car loan vs sell truck and invest cash

To me, it's a no-brainer. Sell the Tacoma and keep and drive your perfectly good Tundra. Invest the proceeds.
by retire57
Tue Apr 27, 2021 11:34 am
Forum: Personal Finance (Not Investing)
Topic: Saving for a house by buying a smaller house?
Replies: 4
Views: 525

Re: Saving for a house by buying a smaller house?

Consider how much time, energy, and money go into maintaining a house and a yard. Also: furnishings, window coverings, floor coverings, appliances, lawn equipment ... the list of purchases is extensive.

If you value simplicity and free time, save your money until you can get the house you want.
by retire57
Mon Apr 26, 2021 5:01 pm
Forum: Personal Consumer Issues
Topic: YouTube TV may disappear from Roku devices shortly
Replies: 34
Views: 3924

Re: YouTube TV may disappear from Roku devices shortly

Time for new TVs. So long Roku!
by retire57
Sun Apr 25, 2021 12:04 pm
Forum: Personal Investments
Topic: Did Anyone Think They HAD saved enough for retirement but wished they had saved more?
Replies: 39
Views: 7537

Re: Did Anyone Think They HAD saved enough for retirement but wished they had saved more?

billthecat wrote: Sun Apr 25, 2021 9:42 am Maybe people who got divorced after starting retirement?
Ouch.
by retire57
Thu Apr 22, 2021 4:50 pm
Forum: Personal Investments
Topic: What do you define "hitting your number?"
Replies: 50
Views: 5455

Re: What do you define "hitting your number?"

Our pre-retirement goal was 1.25 million in liquid assets. And, most importantly, $0 in debt.
by retire57
Thu Apr 22, 2021 4:32 pm
Forum: Personal Consumer Issues
Topic: Struggling with car purchase
Replies: 31
Views: 1779

Re: Struggling with car purchase

Lee_WSP wrote: Thu Apr 22, 2021 4:20 pm If you can’t pay cash for a want, then I don’t think it’s affordable by my definition.
Well-said!
by retire57
Tue Apr 20, 2021 8:45 pm
Forum: Personal Investments
Topic: Almost on FIRE
Replies: 37
Views: 6008

Re: Almost on FIRE

As your life isn't really "settled" yet - single, no kids, no house - retiring so early would be quite risky. There is too much that could happen to send you right back into the workplace. Divorce, sick kid(s), and who knows how much house maintenance, repairs, insurance, furnishings, and ...
by retire57
Sun Apr 18, 2021 3:50 pm
Forum: Personal Finance (Not Investing)
Topic: What Does College Tuition Really Cost?
Replies: 84
Views: 6727

Re: What Does College Tuition Really Cost?

ChinchillaWhiplash wrote: Fri Apr 16, 2021 5:38 pm State college in our state in state is $26k a year average when you count mandatory on campus living freshman and sophomore years.
Wow. What does that include? How much would you estimate above that for living expenses?
by retire57
Fri Apr 16, 2021 11:33 am
Forum: Investing - Theory, News & General
Topic: What’s the problem with dividends?
Replies: 300
Views: 17364

Re: What’s the problem with dividends?

No problem at all with dividends. In fact, we love 'em!

From my perspective- someone who is actually retired - dividends from taxable MFs are a great source of income. Dividends are taxed no matter what, so why not spend them rather than selling shares?

It's not that complicated.
by retire57
Thu Apr 15, 2021 3:21 am
Forum: Personal Finance (Not Investing)
Topic: Biggest expenses in life
Replies: 50
Views: 4239

Re: Biggest expenses in life

Regret: Homeownership. If I could do it over again, we would be life-long renters.

No regret: Retiring (earlier than planned) after a job loss in order to travel.
by retire57
Thu Apr 15, 2021 3:16 am
Forum: Personal Finance (Not Investing)
Topic: Does it make sense that a car dealer needs to do a hard pull if you pay in full by check (cash)?
Replies: 79
Views: 7300

Re: Does it make sense that a car dealer needs to do a hard pull if you pay in full by check (cash)?

Bought a new car with a check a couple of months ago and no credit check was required. A credit pull under those circumstances makes ZERO sense.
by retire57
Thu Apr 08, 2021 8:26 pm
Forum: Personal Finance (Not Investing)
Topic: Vote: House or keep buying taxable mutual funds?
Replies: 14
Views: 1071

Re: Vote: House or keep buying taxable mutual funds?

If you want to live in a space you own and don't mind spending some formerly free time on maintenance and repairs, go for it.

For these type threads, I always have to link this piece from JL Collins:
https://jlcollinsnh.com/2013/05/29/why- ... nvestment/
by retire57
Sat Mar 13, 2021 11:32 am
Forum: Personal Investments
Topic: Panic Sold All My Theme Park Stocks
Replies: 35
Views: 5312

Re: Panic Sold All My Theme Park Stocks

Just lump sum into vanguard total stock, total international stock, and total bond, log off your financial account and log back in 12 months to rebalance and lump sum another year worth of savings. 30 transactions from now, retire. Have fun the other 364.8 days of the year. DCA and waiting for a co...
by retire57
Fri Mar 12, 2021 5:50 pm
Forum: Personal Finance (Not Investing)
Topic: [Third stimulus payment - mega-thread]
Replies: 368
Views: 26926

Re: Received 3rd stimulus check 3/12/21

Just in time to send it right back to 'em next month. Yay.
by retire57
Sun Mar 07, 2021 6:12 pm
Forum: Personal Investments
Topic: Will probably never buy a home. What changes should I make to my investment plan/allocation?
Replies: 34
Views: 2630

Re: Will probably never buy a home. What changes should I make to my investment plan/allocation?

OP,

Smart! :beer Your investment choices look great to me. (Don't listen to anyone who tells you are misguided about home ownership.)

Recommend this classic from JL Collins if you haven't already read it:
https://jlcollinsnh.com/2013/05/29/why- ... nvestment/
by retire57
Tue Mar 02, 2021 9:19 pm
Forum: Personal Consumer Issues
Topic: USPS tracking info never updates
Replies: 35
Views: 2463

Re: USPS tracking info never updates

A meme I saw on this topic was essentially: USPS Tracking: 1) Package has left facility 2) We have no idea 3) Package delivered That's been my experience with my last 3 deliveries. No problem tracking before, but now the system seems broken. I know the USPS was whining about being backed up due to ...
by retire57
Mon Mar 01, 2021 8:18 pm
Forum: Personal Finance (Not Investing)
Topic: Personal Finances and Minimalism
Replies: 52
Views: 5941

Re: Personal Finances and Minimalism

Keeping it simple since 1983 - 1 bank, 1 credit card, and a 3-fund portfolio. Put your investment contributions on auto-pilot, increase with raises, check your AA once a year.

Final step: go enjoy your life while compounding and dividend reinvesting do the hard work. It sure worked for us.

:beer
by retire57
Tue Feb 23, 2021 8:25 pm
Forum: Personal Finance (Not Investing)
Topic: Best decision(s) in your financial life
Replies: 167
Views: 13466

Re: Best decision(s) in your financial life

Choosing a spouse who shares the same investing/saving/living-within-our means philosophy. 37 years and counting! :sharebeer
by retire57
Tue Feb 23, 2021 8:23 pm
Forum: Personal Investments
Topic: Best way to withdraw money during earlier retirement
Replies: 32
Views: 2681

Re: Best way to withdraw money during earlier retirement

Agree about pausing the dividend reinvestment in your taxable accounts until you bridge that income gap. You are paying taxes on the dividends anyway so ... Here's what Mr. Bogle himself had to say on the matter. https://www.dividendgrowthinvestor.com/2017/03/john-bogle-likes-dividends.html BTW, thi...
by retire57
Mon Feb 22, 2021 6:58 pm
Forum: Personal Finance (Not Investing)
Topic: Private School - financially irresponsible?
Replies: 213
Views: 16877

Re: Private School - financially irresponsible?

I know you've considered this, but can't the SAH mom homeschool the kids? Investing that $$$ instead will have a massive impact on your savings over the next 18 years. Given the opportunity costs, do the math and let us know what the actual price tag is for private school. I wouldn't consider homes...
by retire57
Mon Feb 22, 2021 6:03 pm
Forum: Personal Finance (Not Investing)
Topic: Private School - financially irresponsible?
Replies: 213
Views: 16877

Re: Private School - financially irresponsible?

Wow, that's insane. I would be major league pissed if I had to send my kid to private school on top of a NYC resident's already-heavy tax burden. Anyway ... I know you've considered this, but can't the SAH mom homeschool the kids? Investing that $$$ instead will have a massive impact on your savings...
by retire57
Sun Feb 21, 2021 11:39 pm
Forum: Investing - Theory, News & General
Topic: Is too much saving a zero sum game ?
Replies: 72
Views: 7373

Re: Is too much saving a zero sum game ?

adamthesmythe wrote: Sun Feb 21, 2021 12:26 pm There are societies where high levels of saving have led to slow economic growth. I think this is said of Japan.
You've made some broad statements in this thread like the one above. Credible sources would be helpful for a serious discussion.
by retire57
Sun Feb 14, 2021 10:37 pm
Forum: Investing - Theory, News & General
Topic: Market valuations? Somethings got to give
Replies: 269
Views: 19158

Re: Market valuations? Somethings got to give

UpperNwGuy wrote: Sat Feb 13, 2021 11:57 pm My IPS explicitly states, "ignore valuations," so this entire thread is not actionable for me.
Exactly. This entire discussion, while entertaining, is moot for Bogleheads.
by retire57
Sun Feb 14, 2021 8:25 pm
Forum: Investing - Theory, News & General
Topic: What was the Dot-Com bubble like?
Replies: 167
Views: 11597

Re: What was the Dot-Com bubble like?

Remember it well. Everyone was talking about a bubble so, in the end, the bust was no big surprise.
by retire57
Fri Feb 12, 2021 11:13 pm
Forum: Personal Finance (Not Investing)
Topic: Aiming To Buy a House For September 2022 Move In
Replies: 16
Views: 1329

Re: Aiming To Buy a House For September 2022 Move In

I've not read this book yet, but the reviews indicate it's worth reading for a different perspective on the common perception that renting "is throwing money away".

https://smile.amazon.com/dp/B01B2DK68E/ ... _lig_dp_it
by retire57
Fri Feb 12, 2021 6:04 am
Forum: Personal Finance (Not Investing)
Topic: Aiming To Buy a House For September 2022 Move In
Replies: 16
Views: 1329

Re: Aiming To Buy a House For September 2022 Move In

Good god!!! Not to be mean, but ... you can't afford to buy, furnish, or maintain a house. With your income, you should be getting rid of that debt FAST. Taking on additional debt is just increasing your risk. What's the hurry?
by retire57
Fri Feb 12, 2021 5:33 am
Forum: Personal Consumer Issues
Topic: What's your favorite reasonably priced gin?
Replies: 119
Views: 9451

Re: What's your favorite reasonably priced gin?

After diligent research, the results are in! My top pick for a great martini is Beefeater (with Tanqueray placing second).

Thanks to all for this educational (and very actionable) thread!
by retire57
Fri Feb 12, 2021 5:24 am
Forum: Investing - Theory, News & General
Topic: Is The Bogleheads' Guide To Investing The Go-To Book?
Replies: 22
Views: 1634

Re: Is The Bogleheads' Guide To Investing The Go-To Book?

"The Simple Path to Wealth" by J.L. Collins.
by retire57
Fri Feb 12, 2021 5:03 am
Forum: Personal Finance (Not Investing)
Topic: Build or buy a home?
Replies: 50
Views: 5694

Re: Build or buy a home?

Our realtor informed us that the cost for a new build has gone up about 40% due to supply chain interruptions. The elevated costs are seen in building materials and other items such as home appliances. These increases are expected to be reflected locally for new builds in the next several months.
by retire57
Tue Feb 09, 2021 10:47 pm
Forum: Personal Finance (Not Investing)
Topic: Loan to friend. Secure with second mortgage.
Replies: 81
Views: 4877

Re: Loan to friend. Secure with second mortgage.

Such a generous thought. But... whether you give the money or loan it, your relationship would change forever. This likely is not worth it to your friend (if he is as considerate as you are).

And he hasn't asked for your help.
by retire57
Sun Feb 07, 2021 10:29 pm
Forum: Personal Finance (Not Investing)
Topic: What was YOUR path to Financial Independence
Replies: 21
Views: 2717

Re: What was YOUR path to Financial Independence

goldendad wrote: Sun Feb 07, 2021 9:59 pm Living below our means plus saving and investing for 45 years.
Same.
by retire57
Fri Feb 05, 2021 6:36 pm
Forum: Investing - Theory, News & General
Topic: International Stock
Replies: 254
Views: 12194

Re: International Stock

Me too but I have a lot of bonds in tax advantage accounts and stocks in taxable! We are in a similar situation, also retired. Our AA is 50/50 and all our stocks are also in taxable accounts. I began a thread on this same subject some months ago, did a lot of soul-searching, and decided to sell som...
by retire57
Fri Feb 05, 2021 6:35 am
Forum: Personal Consumer Issues
Topic: Cash vs. Credit
Replies: 189
Views: 9616

Re: Cash vs. Credit

I take out $100 from the ATM on the first of every month for walkin'-around-money. Everything else goes on one credit card.
by retire57
Fri Feb 05, 2021 12:02 am
Forum: Personal Finance (Not Investing)
Topic: Printing Vanguard docs
Replies: 34
Views: 1698

Re: Printing Vanguard docs

I don't own a printer either. (They always break.) I choose Print to PDF, save to my laptop, transfer the files to my thumb drive, and visit the library.
by retire57
Wed Feb 03, 2021 8:02 am
Forum: Personal Investments
Topic: Did I win the game? What shall I do with this money?
Replies: 58
Views: 6387

Re: Did I win the game? What shall I do with this money?

With only 6 years left on the mortgage at a decent interest rate, I wouldn't refinance. But I would look at paying the mortgage off quickly. Find an online calculator that factors in extra payments to speed up the payoff. Getting a HELOC to buy a boat is the worst idea I've heard all day. It's still...
by retire57
Mon Feb 01, 2021 4:32 am
Forum: Personal Investments
Topic: VTSAX as Emergency Fund?
Replies: 92
Views: 10516

Re: VTSAX as Emergency Fund?

Nobody "plans on" touching his/her emergency fund. I've been around long enough to have had several low-grade emergencies and a high-grade emergency. I sure plan on emergency's now and keep money in a online HYAC (FIDC single account insured max), local bank account (working on FIDC max -...
by retire57
Sun Jan 31, 2021 11:23 pm
Forum: Personal Finance (Not Investing)
Topic: Motivate Graduating HS Sr to Start Life - facing an uphill climb
Replies: 175
Views: 12653

Re: Motivate Graduating HS Sr to Start Life - facing an uphill climb

I don't understand all these suggestions about alternatives to college. The problem is not lack of choices, it's lack of motivation.

The solution for that has to come from within.
by retire57
Sun Jan 31, 2021 8:26 pm
Forum: Personal Finance (Not Investing)
Topic: Best way for 18 year old to get a credit card?
Replies: 14
Views: 799

Re: Best way for 18 year old to get a credit card?

If she pays cash for a used car, credit is not an issue. A secured card is also a good idea for the future. The sooner she can learn to avoid debt, the better.
by retire57
Sun Jan 31, 2021 8:23 pm
Forum: Personal Finance (Not Investing)
Topic: Can my parents retire?
Replies: 70
Views: 5828

Re: Can my parents retire?

What about health insurance?

The numbers just don't work without moving, which they are not willing to do. And I suspect their estimated living expenses are way off.

Looks like they will have to continue working to the extent SS allows.
by retire57
Sat Jan 30, 2021 6:18 pm
Forum: Personal Consumer Issues
Topic: Anyone prefer their old golf clubs?
Replies: 54
Views: 4276

Re: Anyone prefer their old golf clubs?

Yes. DH plays (daily, weather permitting) with his Spalding Tour Edition irons from the late-80s. He's as accurate with them as with his new Titleist AP-1s.
by retire57
Wed Jan 27, 2021 12:15 pm
Forum: Investing - Theory, News & General
Topic: PSA for 3 funds folks: Did you pass the "Buy, Hold, and Rebalance" Test on March 2020?
Replies: 135
Views: 4978

Re: PSA for 3 funds folks: Did you pass the "Buy, Hold, and Rebalance" Test on March 2020?

We held. We bought more stock due to dividend reinvestment. We didn't rebalance as it wasn't time.

We also didn't freak out. We lived through 1987, 2001, and 2008, so March 2020 felt familiar.
by retire57
Tue Jan 26, 2021 9:08 pm
Forum: Personal Finance (Not Investing)
Topic: Rent vs. buy a home for one year
Replies: 25
Views: 1486

Re: Rent vs. buy a home for one year

Keep it simple(r) - rent.
by retire57
Mon Jan 25, 2021 8:07 pm
Forum: Personal Finance (Not Investing)
Topic: What retirement accounts to withdraw from for down payment?
Replies: 10
Views: 1114

Re: What retirement accounts to withdraw from for down payment?

We are in the same position. The upside is that there is no hurry to buy. Rather than borrowing or withdrawing from any tax-deferred account, we will likely have our taxable dividends directed to our money market account for the rest of the year. That should provide a nice down payment. I figure thi...
by retire57
Mon Jan 25, 2021 7:58 pm
Forum: Personal Investments
Topic: What do People on this Forum Expect for Return (Basing on book, Serious Money)
Replies: 46
Views: 4284

Re: What do People on this Forum Expect for Return (Basing on book, Serious Money)

With the 3-fund portfolio at 50/50, I'm using a 5% return projection. Realizing, of course, that this is nothing more than a wild guess.
by retire57
Mon Jan 25, 2021 1:30 pm
Forum: Personal Finance (Not Investing)
Topic: Buying before Selling Existing Home
Replies: 33
Views: 2605

Re: Buying before Selling Existing Home

I would only buy before selling if I could cash-flow both property expenses.