Search found 4389 matches

by Sandtrap
Sat May 26, 2018 9:02 am
Forum: Investing - Theory, News & General
Topic: 5 yr CD up to 3.41% APY, NO EWP for seniors in IRA, but with catch
Replies: 43
Views: 5144

Re: 5 yr CD up to 3.41% APY, NO EWP for seniors in IRA, but with catch

kevin, researching new issues at Vanguard and Schwab for the past 2 weeks. Did you get those at Fido or Vanguard? Which ones? What size were the "lots". (still trying to grasp that concept). thanks, jim With new issues there's really not much to research. Both Vanguard and Fidelity show the top rat...
by Sandtrap
Fri May 25, 2018 9:39 am
Forum: Investing - Theory, News & General
Topic: 5 yr CD up to 3.41% APY, NO EWP for seniors in IRA, but with catch
Replies: 43
Views: 5144

Re: 5 yr CD up to 3.41% APY, NO EWP for seniors in IRA, but with catch

3% for under 99,000 at any age isn't too bad. It's not very good though. New-issue 3-year brokered CD now is 3% at Fidelity and Vanguard, and you probably can get 3.06% on secondary market at Fidelity if patient. I picked up 9 today at 3.07% for 37-month maturity. Kevin kevin, researching new issue...
by Sandtrap
Fri May 25, 2018 9:21 am
Forum: Personal Finance (Not Investing)
Topic: govt vs. private job offers: please help me decide!
Replies: 33
Views: 2386

Re: govt vs. private job offers: please help me decide!

My dream has always been private practice. . . This is the secret "mojo" that will enable to succeed wherever you go, regardless of what can be entered on a spreadsheet, quantified, or measured. Follow your dream and your passion. The numbers will come. But, follow the numbers defensively, without ...
by Sandtrap
Thu May 24, 2018 2:17 pm
Forum: Personal Consumer Issues
Topic: Winter Home - issues/costs?
Replies: 33
Views: 2069

Re: Winter Home - issues/costs?

If YOU want to be there, so do other people. So rents will be high and rentals will be scarce. If you DON'T want to be there, few others will. So it will be hard to rent, and rental yield will be low. You could try to own only one house in a climate that is OK year round. This is what I do in north...
by Sandtrap
Thu May 24, 2018 2:16 pm
Forum: Personal Finance (Not Investing)
Topic: govt vs. private job offers: please help me decide!
Replies: 33
Views: 2386

Re: govt vs. private job offers: please help me decide!

My dream has always been private practice. . . This is the secret "mojo" that will enable to succeed wherever you go, regardless of what can be entered on a spreadsheet, quantified, or measured. Follow your dream and your passion. The numbers will come. But, follow the numbers defensively, without ...
by Sandtrap
Thu May 24, 2018 9:44 am
Forum: Investing - Theory, News & General
Topic: Renting vs Owning Your Home
Replies: 91
Views: 5896

Re: Renting vs Owning Your Home

The greatest benefits to owning one's own home cannot be put on a spreadsheet. That said, purchasing a home as an "investment" with sound financial logic, raises the odds that owning that home will not jeopardize one's financial position going forward. Renting is a viable option to owning a home . ....
by Sandtrap
Thu May 24, 2018 9:39 am
Forum: Investing - Help with Personal Investments
Topic: How big a portfolio should I have before retiring?
Replies: 60
Views: 9301

Re: How big a portfolio should I have before retiring?

Question How big of a portfolio would you require to feel comfortable retiring? I would require a portfolio of at least 50x (50 times annual income/expenses needed) to begin to feel comfortable in retirement. And even more than that would add to that comfort level. :D I too like the 50x approach as...
by Sandtrap
Tue May 22, 2018 10:51 am
Forum: Personal Finance (Not Investing)
Topic: Buy an old farmhouse?
Replies: 51
Views: 4251

Re: Buy an old farmhouse?

1. Be aware that an old farmhouse can be a "money pit" going forward and over the long term. 2. Be aware that the peace and tranquility and independence, and healthy fun!, you and your family will experience in a farmhouse on 15 acres is priceless. No longer will the children have to leave the house...
by Sandtrap
Tue May 22, 2018 10:44 am
Forum: Personal Finance (Not Investing)
Topic: Alzheimer's Disease, Long Term Care, and your Retirement Finances
Replies: 83
Views: 7414

Re: Alzheimer's Disease, Long Term Care, and your Retirement Finances

Even those with the ability to self insure, a long tail yearly claim of 100,000 in today's dollars for 10 or more years is a very tough pill to swallow. ++++1 Currently, MIL, age 94, care costs $8,000 + per month. ouch! j Yes, my mother currently almost 93 has care that costs a little more than tha...
by Sandtrap
Tue May 22, 2018 10:29 am
Forum: Investing - Help with Personal Investments
Topic: Retiring in early 2019.
Replies: 15
Views: 2014

Re: Retiring in early 2019.

Retiring 1Q2019. Right now I'm all in cash 1.2Mil with brokered CDs and various bank accounts. 200K in 401k Target fund. Needing around $3200/month in addition to SS age 61 (widow) and small pension. Suggestions on how to achieve what I need and not draw down and run out. Thanks all. I enjoy this f...
by Sandtrap
Tue May 22, 2018 10:26 am
Forum: Personal Consumer Issues
Topic: How have you upgraded your wardrobe?
Replies: 104
Views: 5488

Re: How have you upgraded your wardrobe?

Before I retired in early 2012 I shopped Marshall's for Nautica, Ralph Lauren, Polo, Hugo Boss and other top brands for suits, slacks and dress shirts at bargain prices. There was one of their stores a few blocks from the office and one day a week myself and several staffers would walk it and fast ...
by Sandtrap
Tue May 22, 2018 10:03 am
Forum: Personal Finance (Not Investing)
Topic: Alzheimer's Disease, Long Term Care, and your Retirement Finances
Replies: 83
Views: 7414

Re: Alzheimer's Disease, Long Term Care, and your Retirement Finances

pintail07 wrote:
Sat May 19, 2018 5:24 pm
Even those with the ability to self insure, a long tail yearly claim of 100,000 in today's dollars for 10 or more years is a very tough pill to swallow.
++++1
Currently, MIL, age 94, care costs $8,000 + per month.

ouch!

j
by Sandtrap
Tue May 22, 2018 9:56 am
Forum: Investing - Help with Personal Investments
Topic: How do you stop moving the goal posts.
Replies: 62
Views: 4690

Re: How do you stop moving the goal posts.

Keep setting goal posts. However, the new goal posts may be more about personal growth, family and friends and experience etc rather than work and accumulating money. You will also need to continue managing your resources so redefine those goals as appropriate for you. Well said. There are many of ...
by Sandtrap
Tue May 22, 2018 9:52 am
Forum: Personal Finance (Not Investing)
Topic: Should I buy a new car?
Replies: 43
Views: 2186

Re: Should I buy a new car?

You say money is just piling up. Where's the pile? +1111111 With children and other expenses on the horizon, and the ever potential for personal and financial "black swans", and a small "pile", how can $35,000 be justified in a highly depreciable asset? Perhaps pursue an inexpensive hobby in lieu o...
by Sandtrap
Tue May 22, 2018 9:46 am
Forum: Investing - Theory, News & General
Topic: The Millionaire Next Door and civil servants
Replies: 99
Views: 13569

Re: The Millionaire Next Door and civil servants

Civil servants, teachers, and similar professions belong to the portion of the population that has a fairly tightly clustered range of possible income levels. They amassed wealth by saving and investing wisely. Entrepreneurs belong to a different portion of the population that includes, for example...
by Sandtrap
Tue May 22, 2018 9:42 am
Forum: Investing - Theory, News & General
Topic: The Millionaire Next Door and civil servants
Replies: 99
Views: 13569

Re: The Millionaire Next Door and civil servants

Another retired (FERS) two-comma club Fed here. As Victoria hinted, "Spenders gonna spend, savers gonna save" regardless of Fed or other gov or private sector employment. That is so true. I know MD's who have earned 7 figures annually but retired with far less than a friend of mine who is a retired...
by Sandtrap
Tue May 22, 2018 9:31 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio help
Replies: 7
Views: 600

Re: Portfolio help

Questions: 1. I feel ok doing it, but should I even be maxing my 401k with the high ER? I think we are going to try and change it to a lower cost option or add better choices so that makes me feel better. Good idea. 2. Does this allocation make sense across our accounts? I tried to keep everything ...
by Sandtrap
Tue May 22, 2018 9:15 am
Forum: Personal Consumer Issues
Topic: How have you upgraded your wardrobe?
Replies: 104
Views: 5488

Re: How have you upgraded your wardrobe?

Total retiree upgrade last year. Eliminated most cotton.
Labels:
Columbia
Levi
Wrangler
Asics
Dockers on Sundays.
Walmart.
Slippers :D
by Sandtrap
Mon May 21, 2018 8:38 pm
Forum: Investing - Theory, News & General
Topic: The Millionaire Next Door and civil servants
Replies: 99
Views: 13569

Re: The Millionaire Next Door and civil servants

Perhaps the "Millionaire Next Door" series continues to be popular because of the allure of the spirit of entrepreneurship. I have always found it very interesting that many of the millionaires Stanley studied believe that there was a definite element of 'being in the right place at the right time'...
by Sandtrap
Mon May 21, 2018 8:35 pm
Forum: Personal Finance (Not Investing)
Topic: Chase Savings Account emptied out!
Replies: 77
Views: 11738

Re: Chase Savings Account emptied out!

This is a good reminder for everyone to sign up for e-mail/text alerts (bank, brokerage and credit card) so you get a notification whenever there is account activity. Perfect advice. I did this. Recently got a text message that my Chase account was overdrawn $300,000.00 !!!!! :shock: Error on my pa...
by Sandtrap
Mon May 21, 2018 10:15 am
Forum: Personal Consumer Issues
Topic: Detached Garage
Replies: 18
Views: 2179

Re: Detached Garage

Thanks for all the informative responses. It seems like the general consensus is that whichever option I go with to be sure that it’s dug below the frost line. Thanks again. The other basic thing is to follow the local codes and recommendations from your architect. They will be adapted to your cond...
by Sandtrap
Mon May 21, 2018 10:13 am
Forum: Personal Finance (Not Investing)
Topic: Buying a Vacation Rental Property as an Investment
Replies: 53
Views: 4133

Re: Buying a Vacation Rental Property as an Investment

Lot's of excellent info already provided by others. Some random thoughts: Given CCR's and local code, etc, allow short term and other vacation rental type investments. . . 1. Purchase the R/E investment with the option of switching to long term standard rentals and make it as lucrative to do so. 2. ...
by Sandtrap
Mon May 21, 2018 10:03 am
Forum: Personal Finance (Not Investing)
Topic: Estate Planning Basics
Replies: 23
Views: 2020

Re: Estate Planning Basics

You could include a disclaimer trust for the surviving spouse in case the surviving spouse waives anything passing to him or her upon the first spouse's death. Bruce, are you saying that a surviving spouse can't disclaim unless they have a disclaimer trust?? 1210 Good question. Thanks. Can a "credi...
by Sandtrap
Mon May 21, 2018 9:57 am
Forum: Investing - Help with Personal Investments
Topic: need advice on books for teenagers
Replies: 8
Views: 786

Re: need advice on books for teenagers

You can't run a business successfully unless you have a true understanding of how to "bank", start here: https://www.fdic.gov/consumers/consumer/moneysmart/young.html It's age specific, but if you can't master the basics, you will be unfortunately subject to being "taken". and then, for the entrepr...
by Sandtrap
Mon May 21, 2018 9:46 am
Forum: Personal Finance (Not Investing)
Topic: Estate Planning Basics
Replies: 23
Views: 2020

Re: Estate Planning Basics

Read: Books on Wills, Trusts, and Estates Beyond the Grave: The Right Way and the Wrong Way of Leaving Money to Your Children (And Others) https://www.amazon.com/gp/product/0887307035/ref=oh_aui_search_detailpage?ie=UTF8&psc=1 Thanks for the book recommendation, I just ordered it. As resident legal...
by Sandtrap
Mon May 21, 2018 9:45 am
Forum: Personal Finance (Not Investing)
Topic: Estate Planning Basics
Replies: 23
Views: 2020

Re: Estate Planning Basics

Read: Books on Wills, Trusts, and Estates ... Thanks for the book recommendation, I just ordered it. While that book is popular here, keep in mind that the author is in California, so much of what he writes is geared to community property states, particularly California. Also note that he focuses o...
by Sandtrap
Sun May 20, 2018 11:15 pm
Forum: Investing - Theory, News & General
Topic: The Millionaire Next Door and civil servants
Replies: 99
Views: 13569

Re: The Millionaire Next Door and civil servants

Perhaps the "Millionaire Next Door" series continues to be popular because of the allure of the spirit of entrepreneurship. I have always found it very interesting that many of the millionaires Stanley studied believe that there was a definite element of 'being in the right place at the right time'...
by Sandtrap
Sun May 20, 2018 9:24 pm
Forum: Personal Finance (Not Investing)
Topic: Estate Planning Basics
Replies: 23
Views: 2020

Re: Estate Planning Basics

Read:
Books on Wills, Trusts, and Estates
Beyond the Grave: The Right Way and the Wrong Way of Leaving Money to Your Children (And Others)
https://www.amazon.com/gp/product/08873 ... UTF8&psc=1

Hire legal counsel.

j
by Sandtrap
Sun May 20, 2018 9:09 pm
Forum: Investing - Theory, News & General
Topic: Good read on why to keep a simple indexed fund portfolio
Replies: 11
Views: 2201

Re: Good read on why to keep a simple indexed fund portfolio

Good primer article.
Thanks for posting it.
aloha
j
by Sandtrap
Sun May 20, 2018 9:08 pm
Forum: Investing - Theory, News & General
Topic: The Millionaire Next Door and civil servants
Replies: 99
Views: 13569

Re: The Millionaire Next Door and civil servants

Perhaps the "Millionaire Next Door" series continues to be popular because of the allure of the spirit of entrepreneurship. Yes, certainly, many with pensions are "millionaires", but then again, so many pensioners (not bogleheads) truly understand the actual value of their pensions. For many, there'...
by Sandtrap
Sun May 20, 2018 8:59 pm
Forum: Personal Finance (Not Investing)
Topic: Is there a phrase for that?
Replies: 14
Views: 1135

Re: Is there a phrase for that?

Each year of early retirement, given collecting SS at 70, Medicare at 65, and pension at 65, leaves one open to Sequence of Returns Risk and the "Retirement Red Zone". There are few general average scenarios (ie: substantial windfall, etc.) where it is practical to "stop saving" and simply dine on t...
by Sandtrap
Sun May 20, 2018 8:53 pm
Forum: Investing - Help with Personal Investments
Topic: need advice on books for teenagers
Replies: 8
Views: 786

Re: need advice on books for teenagers

some random thoughts Free Reading: "If You Can" by Bernstein https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=1&cad=rja&uact=8&ved=0ahUKEwjyzoDk9vHXAhVMxYMKHYFdATUQFggpMAA&url=https%3A%2F%2Fwww.etf.com%2Fdocs%2FIfYouCan.pdf&usg=AOvVaw25wxjcA_8Pzo-SB3S580I5 Hand out links to the "mister...
by Sandtrap
Sun May 20, 2018 8:48 pm
Forum: Investing - Help with Personal Investments
Topic: $1,700,000 from family trust...
Replies: 59
Views: 7796

Re: $1,700,000 from family trust...

Congratulations. 1. Read and memorize : "Managing a Windfall". 2. Put all of the $1.7 mil in Vanguard or Schwab MM account or other reputable brokerage. 3. Set up ACH transfer links between the brokerages and your local bank, etc. 4. Confer (free) with Vanguard VPAS services. (but do nothing, yet)....
by Sandtrap
Sun May 20, 2018 3:43 pm
Forum: Investing - Help with Personal Investments
Topic: Timing for the 3 fund portfolio?
Replies: 2
Views: 433

Re: Timing for the 3 fund portfolio?

Now is a great time. Read About Bob, The Worst Market Timer What happens if you only invested at market highs? http://awealthofcommonsense.com/2014/02/worlds-worst-market-timer/ How about a comprehensive portfolio review in this format so your questions can be answered in context? Asking Portfolio Q...
by Sandtrap
Sun May 20, 2018 3:35 pm
Forum: Personal Finance (Not Investing)
Topic: Trusts and Bank Accounts
Replies: 17
Views: 1156

Re: Trusts and Bank Accounts

In my experience, each bank has its own peculiarities regarding trust accounts and personal accounts. Some banks are horrible. Some easier.
j
by Sandtrap
Sun May 20, 2018 3:19 pm
Forum: Personal Finance (Not Investing)
Topic: Life Changes
Replies: 27
Views: 3270

Re: Life Changes

Sometimes things look great when a paycheck is large and assured. Even other projects seem immune to failure.
But when a paycheck is not so large and employment not so assured, many things do not look so bright.
Some thoughts.
j
by Sandtrap
Sun May 20, 2018 3:10 pm
Forum: Personal Finance (Not Investing)
Topic: Considering Buying a Home, Seeking Advice
Replies: 16
Views: 1187

Re: Considering Buying a Home, Seeking Advice

rent.
solidly your financial position
patience
j
by Sandtrap
Sun May 20, 2018 3:08 pm
Forum: Investing - Help with Personal Investments
Topic: $1,700,000 from family trust...
Replies: 59
Views: 7796

Re: $1,700,000 from family trust...

Congratulations. 1. Read and memorize : "Managing a Windfall". 2. Put all of the $1.7 mil in Vanguard or Schwab MM account or other reputable brokerage. 3. Set up ACH transfer links between the brokerages and your local bank, etc. 4. Confer (free) with Vanguard VPAS services. (but do nothing, yet). ...
by Sandtrap
Sun May 20, 2018 11:05 am
Forum: Investing - Help with Personal Investments
Topic: need advice on books for teenagers
Replies: 8
Views: 786

Re: need advice on books for teenagers

some random thoughts Free Reading: "If You Can" by Bernstein https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=1&cad=rja&uact=8&ved=0ahUKEwjyzoDk9vHXAhVMxYMKHYFdATUQFggpMAA&url=https%3A%2F%2Fwww.etf.com%2Fdocs%2FIfYouCan.pdf&usg=AOvVaw25wxjcA_8Pzo-SB3S580I5 Hand out links to the "mister ...
by Sandtrap
Sun May 20, 2018 10:58 am
Forum: Personal Consumer Issues
Topic: Solar panels
Replies: 96
Views: 8766

Re: Solar panels

Total cost of solar system. Annual savings compared to no solar. Years to recoup cost of solar system in those savings. Plus repair and replacement of items that wear out or degrade. compared to: My estimated retirement years at this residence and time left on the planet. DW estimated retirement yea...
by Sandtrap
Sun May 20, 2018 10:53 am
Forum: Personal Consumer Issues
Topic: Air conditioner recommendations?
Replies: 17
Views: 1081

Re: Air conditioner recommendations?

Get at least 3 quotes to replace your system from at least 3 reputable licensed HVAC contractors in your area. First, ask for their recommendations and a quote for that, then later, have them quote you again but for the same system and work across the board.
j
by Sandtrap
Sun May 20, 2018 10:46 am
Forum: Investing - Help with Personal Investments
Topic: Investment allocation
Replies: 13
Views: 588

Re: Investment allocation

Welcome: Regarding Allocation: VANGUARD ALLOCATION RISK./RETURN CHART https://personal.vanguard.com/us/AnalyticsPageController?view=258522597&determineAction=&cash=6.800000190734863&stock=36.0&bond=57.20000076293945&other=0.0&FW_Event=AnalyticsChooseTarget&viewDetermine=258522597&targetMethod=assetM...
by Sandtrap
Sun May 20, 2018 10:40 am
Forum: Investing - Help with Personal Investments
Topic: Newly widowed, how do I invest 1.5 million life ins. proceeds
Replies: 72
Views: 7800

Re: Newly widowed, how do I invest 1.5 million life ins. proceeds

Sorry for your loss. Here are some info and contacts that may help. Vanguard Personal Advisory Services (feel free to ask and discuss your needs. . very low pressure folks) https://investor.vanguard.com/financial-advisor/financial-advice Vanguard investment professional. Call 877-527-4942 Monday thr...
by Sandtrap
Sat May 19, 2018 6:41 pm
Forum: Personal Consumer Issues
Topic: Detached Garage
Replies: 18
Views: 2179

Re: Detached Garage

I'm working with a builder and architect to design an unheated 24'x24' detached garage with loft in NY. The builder gave me the option to do a monolithic slab to cut costs vs footings with a foundation. The architect agrees that both options will satisfy local code but the monolithic slab may resul...
by Sandtrap
Sat May 19, 2018 6:37 pm
Forum: Investing - Help with Personal Investments
Topic: Would like to simplify my portfolio. Any thoughts?
Replies: 23
Views: 902

Re: Would like to simplify my portfolio. Any thoughts?

Here's what I would do SCHB Us Broad Market ETF, 46.9% 42-80% SLYV SPDR S&P 600 Small Cap ETF, 15.23% SCHF, Schwab International ETF, 14.95% 14-40% SCHH, Schwab REIT ETF, 10.06% SCHE, Schwab Emerging Markets ETF, 5% SCHC, Schwab International Small Cap ETF, 4.83% SCHZ, Schwab US Aggregate Bond ETF,...
by Sandtrap
Sat May 19, 2018 6:33 pm
Forum: Personal Finance (Not Investing)
Topic: Lucrative careers?
Replies: 318
Views: 22691

Re: Lucrative careers?

OP. WHAT JOB TO DO IN LIFE FOR FULFILLMENT and a lucrative career. The best profession is to be found by knowing oneself and finding what you love and are passionate about. From that, the money will come, the career satisfaction will be found, and personal fulfillment and growth will be realized. Wi...
by Sandtrap
Sat May 19, 2018 6:31 pm
Forum: Investing - Help with Personal Investments
Topic: Would like to simplify my portfolio. Any thoughts?
Replies: 23
Views: 902

Re: Would like to simplify my portfolio. Any thoughts?

Here's what I would do SCHB Us Broad Market ETF, 46.9% 42-80% SLYV SPDR S&P 600 Small Cap ETF, 15.23% SCHF, Schwab International ETF, 14.95% 14-40% SCHH, Schwab REIT ETF, 10.06% SCHE, Schwab Emerging Markets ETF, 5% SCHC, Schwab International Small Cap ETF, 4.83% SCHZ, Schwab US Aggregate Bond ETF,...
by Sandtrap
Sat May 19, 2018 6:24 pm
Forum: Investing - Help with Personal Investments
Topic: New to investing 28 yo, advice on mutual funds
Replies: 7
Views: 772

Re: New to investing 28 yo, advice on mutual funds

Welcome. The first thing to spend on is time and education. Hang onto your funds for now. Suggested Reading List https://www.bogleheads.org/RecommendedReading.php Forum Library of Investing Advice with links https://www.bogleheads.org/wiki/Main_Page Free Reading: "If You Can" by Bernstein https://ww...
by Sandtrap
Sat May 19, 2018 6:19 pm
Forum: Personal Finance (Not Investing)
Topic: Finance a $28,000 house for Brother?
Replies: 73
Views: 5208

Re: Finance a $28,000 house for Brother?

Toons wrote:
Sat May 19, 2018 3:55 pm
Let him figure it out by himself,,
He will be better off.
Character Building.
:happy
Tough love.
:sharebeer
by Sandtrap
Sat May 19, 2018 6:17 pm
Forum: Personal Consumer Issues
Topic: Moving to Texas - [Request for clothes, car window tint] recommendations
Replies: 42
Views: 2938

Re: Moving to Texas - [Request for clothes, car window tint] recommendations

Clothes: Very dressy > Dockers. Dressy > new clean jeans. Casual > older jeans. Dressy > long sleeve shirts. (one color) Casual > long sleeve shirts (for the sun). (patterned). Tint for Toyota Tundra (made in Texas). Not too dark as law enforcement has a tough time with that. Hat: Ball cap or Stetso...