Search found 5177 matches

by Sandtrap
Tue Sep 18, 2018 6:28 pm
Forum: Personal Consumer Issues
Topic: What is your single most expensive mistake?
Replies: 56
Views: 3064

Re: What is your single most expensive mistake?

Flobes wrote:
Tue Sep 18, 2018 6:23 pm
Single most expensive mistake?

Trusting my sister when we were co-executors of estates.

Ouch!
+1
$$$$$$$$$$ :(
by Sandtrap
Tue Sep 18, 2018 6:20 pm
Forum: Personal Consumer Issues
Topic: What is your single most expensive mistake?
Replies: 56
Views: 3064

Re: What is your single most expensive mistake?

-+ Changed from PreMed to Finance/Business
+ Rented to good tenants :happy
- Rented to bad tenants $$$ :shock:
+ Bought good properties :D
- Bought bad properties $$$:(
+ Married the wrong person $$$$$:oops:
- Married an excellent person and stayed married. :D :D :D :D
by Sandtrap
Tue Sep 18, 2018 9:54 am
Forum: Personal Finance (Not Investing)
Topic: How did you decide when to retire?
Replies: 41
Views: 5158

Re: How did you decide when to retire?

Some thoughts to ponder: 1. Consider posting a "portfolio review" so others can give better input based on a comprehensive review of your financial picture going forward. Otherwise it's a bit of "guestimating". 2. Some folks seem to age in "dog years" after 60. Health problems crop up. Lifestyle com...
by Sandtrap
Tue Sep 18, 2018 9:43 am
Forum: Personal Consumer Issues
Topic: Consumer Issue - Storage Unit Rental
Replies: 13
Views: 859

Re: Consumer Issue - Storage Unit Rental

Some random thoughts to think about. 1. Info gather: Call and politely inquire/clarify if the insurance was a requirement to rent, and if not, what would happen if you cancel it. 2. Consider if the extra cost of the insurance per month is still a competitive monthly rental rate compared to other opt...
by Sandtrap
Tue Sep 18, 2018 9:36 am
Forum: Investing - Theory, News & General
Topic: Equity in house / Do you use it?
Replies: 56
Views: 3124

Re: Equity in house / Do you use it?

Never touch it.
DW and I consider it a last resort emergency fund after all emergency funds and other funds have been exhausted.
And, even if it came to that, downsizing would be the next option vs incurring debt.
j
by Sandtrap
Tue Sep 18, 2018 9:32 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review
Replies: 7
Views: 864

Re: Portfolio Review

Some options amongst many that I might pursue if in your shoes. 1. Down Payment. (life in transition, uncertain expenses may arise). 2. A bit aggressive. Consider if the value of your equities drop 50%. What would you do? Income streams post retirement are great. Consider diversification of fixed to...
by Sandtrap
Tue Sep 18, 2018 9:12 am
Forum: Personal Consumer Issues
Topic: Anyone hire an interior designer?
Replies: 21
Views: 1887

Re: Anyone hire an interior designer?

DW is a designer and I was a builder so it works out great for our own homes. However, I've done countless projects over the decades where owners did not use an interior designer, architect, or consultant. The difference in end result between those with "no taste" and no outside advice, and those wi...
by Sandtrap
Mon Sep 17, 2018 8:55 am
Forum: Investing - Help with Personal Investments
Topic: Can I have an oversized emergency savings account?
Replies: 19
Views: 2065

Re: Can I have an oversized emergency savings account?

I really only need 25K for my emergency savings. I have about 55k right now sitting in checking. I was thinking of going with an online savings account with higher interest and using that as emergency savings + not yet invested money and put like 50k in it. Or should I just have a proper emergency ...
by Sandtrap
Mon Sep 17, 2018 8:50 am
Forum: Personal Finance (Not Investing)
Topic: Delaying SS? How Long It Will Take for It to Pay Off?
Replies: 39
Views: 2785

Re: Delaying SS? How Long It Will Take for It to Pay Off?

Breakevens depends on what rates you use. Personally, I see delaying SS simply as longevity insurance. The only reasons I would it take earlier than 70 is if I thought I would die earlier than average or if I needed the money before 70. True. But, notwithstanding a known medical issue -- -- fate se...
by Sandtrap
Sun Sep 16, 2018 9:30 am
Forum: Personal Finance (Not Investing)
Topic: Financial situation/Health checkup - Stocks vs. Real Estate?
Replies: 14
Views: 1074

Re: Financial situation/Health checkup - Stocks vs. Real Estate?

Stay on course.
Keep it simple.
Purchase new home.
Sell old home.
Stick with what is working.
Great job so far!
j
by Sandtrap
Sun Sep 16, 2018 9:25 am
Forum: Investing - Theory, News & General
Topic: Age in Bonds - Still Recommended?
Replies: 127
Views: 7975

Re: Taylor Larimore Recommendation From May 2016

hudson wrote:
Sun Sep 16, 2018 8:04 am
I have a simple asset-allocation in retirement:
The money I cannot afford to lose is in fixed-income. The rest is in stock funds.


viewtopic.php?p=2909645#p2909645
Outstanding!
Thanks for posting the link.
This is what I adhere to.
j :D
by Sandtrap
Sun Sep 16, 2018 9:22 am
Forum: Investing - Theory, News & General
Topic: Age in Bonds - Still Recommended?
Replies: 127
Views: 7975

Re: Age in Bonds - Still Recommended?

BogleMelon wrote:
Sat Sep 15, 2018 2:54 pm
My asset allocation is related to my financial goals not to my age. The more I get closer to my goal, the more my allocation becomes conservative. Why would I take risk if I don't need to?
+1
Well said.
:D
by Sandtrap
Sat Sep 15, 2018 10:34 pm
Forum: Personal Finance (Not Investing)
Topic: The Boglehead is anti-entrepreneur?
Replies: 62
Views: 3818

Re: The Boglehead is anti-entrepreneur?

I told a former colleague I used the BH forums and his response was “Yeah, they don’t like our tribe.” What he meant was we believed in taking risk. He built and sold a company: I had 80% of my NW tied to my company stock for more than 15 years. Both of us had borrowed heavily at times to maximize ...
by Sandtrap
Sat Sep 15, 2018 9:14 am
Forum: Personal Consumer Issues
Topic: How to determine quality of a finished new construction home
Replies: 45
Views: 2806

Re: How to determine quality of a finished new construction home

How likely is it that they make all of the apparent stuff high quality but average or lower quality on construction like insulation, materials, foundation, roofing, etc.? The likelihood is 100%. Agreed. +1 The average minimum standard is "build per code, plans, and specs", then add cosmetics and ac...
by Sandtrap
Sat Sep 15, 2018 9:11 am
Forum: Investing - Theory, News & General
Topic: Age in Bonds - Still Recommended?
Replies: 127
Views: 7975

Re: Age in Bonds - Still Recommended?

What is your need and ability to take risk? I think that is better measure of your asset allocation than an arbitrary rule of thumb. Take a look at the link below, there is a nice table that shows returns of various equity / bond mixes. https://www.bogleheads.org/wiki/Financial_planning#Step_5:_Imp...
by Sandtrap
Sat Sep 15, 2018 9:03 am
Forum: Personal Consumer Issues
Topic: Revocable Trust or TOD Deed for Primary Residence?
Replies: 5
Views: 481

Re: Revocable Trust or TOD Deed for Primary Residence?

DW and I have a TOD deed for our sons as well as other properties. Simple.
by Sandtrap
Fri Sep 14, 2018 9:46 am
Forum: Personal Finance (Not Investing)
Topic: Job burnout - Keep grinding or change?
Replies: 56
Views: 4983

Re: Job burnout - Keep grinding or change?

Keep at the existing job while, concurrently: 1. Taking time off, vacations, by yourself, and with family. 2. Take quality "days off", leave work at work. 3. Take up new hobbies for quality down time and R & R. 4. Explore other employment options and paths. I have never met a retiree (including myse...
by Sandtrap
Fri Sep 14, 2018 9:35 am
Forum: Personal Consumer Issues
Topic: Can only take (1) DSLR lens..which one?
Replies: 27
Views: 659

Re: Can only take (1) DSLR lens..which one?

24-75mm 2.8 DW takes a Canon 24-100 f4 (L) when traveling. Incredible versatility :D I usually take a Canon EF 24-70mm f/2.8L II. We also will use the Canon 5d mk iv if limited to only 1 body. My latest "back up" play camera is an Olympus OM-D E-M1 Mark II with the Olympus M.Zuiko Digital ED 12-100m...
by Sandtrap
Fri Sep 14, 2018 9:31 am
Forum: Personal Finance (Not Investing)
Topic: Laid Off, Considering Multiple Options - Which Would You Recommend?
Replies: 39
Views: 5301

Re: Laid Off, Considering Multiple Options - Which Would You Recommend?

#1 while concurrently pursuing #2 and #3.
While streamlining expenses.
Cover all of your bases at the same time.
j
by Sandtrap
Thu Sep 13, 2018 9:42 am
Forum: Investing - Theory, News & General
Topic: Value of Vanguard's Allocation Chart? Putting the present in a larger context? Or ???
Replies: 12
Views: 1344

Re: How close are your 12 month earnings compared to Vanguard's Allocation Chart?

how is this helpful? You're correct. I've focused the original post to better frame what I had in mind. I questioned how the Vanguard historical average returns chart is supposed to help new investors given the average returns over time actually received by those on the Bogle Forum. Is there some k...
by Sandtrap
Thu Sep 13, 2018 9:37 am
Forum: Investing - Theory, News & General
Topic: Value of Vanguard's Allocation Chart? Putting the present in a larger context? Or ???
Replies: 12
Views: 1344

Re: How close are your 12 month earnings compared to Vanguard's Allocation Chart?

I've been gradually reducing me near 100% equity exposure, currently around 95/5, aiming to get to 90/10. Pretty much entirely in equities, S&P 500 index fund... my past 12 month return exceeded the 'average return' suggested by the chart. I think a more useful comparison would be Sandtrap's return...
by Sandtrap
Wed Sep 12, 2018 9:11 am
Forum: Personal Consumer Issues
Topic: Botched countertop installation - leave it as-is or risk the repair?
Replies: 78
Views: 8204

Re: Botched countertop installation - leave it as-is or risk the repair?

I actually think that the problem is the sink that you picked out. No matter if the inner seal was there or not, not having the slab wrap around the entire sink is always going to leave those front two corners of the slab exposed where it drops off to meet the sink. These areas will always require ...
by Sandtrap
Tue Sep 11, 2018 2:18 pm
Forum: Personal Consumer Issues
Topic: Singing/Voice Classes
Replies: 20
Views: 1300

Re: Singing/Voice Classes

Private voice training from a professional is well worth it and where you can make the most improvement. Also, have an idea of what type of singing you have in mind and/or what various scenarios you have in mind to sing. IE: the shower, the car, singalong, group, or performance with a self played in...
by Sandtrap
Tue Sep 11, 2018 12:28 pm
Forum: Personal Consumer Issues
Topic: Toilet Makes A Flushing Sound Occasionally
Replies: 37
Views: 2773

Re: Toilet Makes A Flushing Sound Occasionally

I remember seeing a toilet with a button on the lid.
Makes a sound like a jet taking off when flushing.
Very very powerful, maybe too powerful? Sort of "plug proof".
Not sure if that type of toilet is used anymore.
by Sandtrap
Tue Sep 11, 2018 9:26 am
Forum: Personal Consumer Issues
Topic: Remodel for aging in place
Replies: 44
Views: 2990

Re: Remodel for aging in place

"Watty" has given good advice. Look at R/E listings in your area, or area of choice for retirement. Go to "open houses". Visit homes for sale that might meet your "aging in place criteria". True, you can remodel most any home to some degree but looking at other homes might widen your options. As for...
by Sandtrap
Tue Sep 11, 2018 9:20 am
Forum: Personal Consumer Issues
Topic: Toilet Makes A Flushing Sound Occasionally
Replies: 37
Views: 2773

Re: Toilet Makes A Flushing Sound Occasionally

Flapper - easy, no tools. Change it anyway. Buy a quality one. Cheap ones use stiff materials and don't seal well. Flush valve - if the type that uses a floater ball on a stem, replace with an antisiphon modern valve. Turn off water supply valve below toilet. Then follow directions. Only need a chan...
by Sandtrap
Mon Sep 10, 2018 10:22 pm
Forum: Personal Finance (Not Investing)
Topic: Taking on project work after retirement?
Replies: 11
Views: 1084

Re: Taking on project work after retirement?

There was no sense in doing occasional or part time construction Commercial General Contracting or Real Estate Development because the cost of keeping up liability and other insurance was not worth it. Income property is okay, though. I think it depends on what field is involved. However, I do know ...
by Sandtrap
Mon Sep 10, 2018 7:52 pm
Forum: Investing - Help with Personal Investments
Topic: Investing with Vanguard through an advisor
Replies: 4
Views: 446

Re: Investing with Vanguard through an advisor

Just go to to the source, of course, of course.
Vanguard brokerage account and do it yourself.
or use Vanguard VPAS services.
j
by Sandtrap
Mon Sep 10, 2018 10:18 am
Forum: Personal Consumer Issues
Topic: Decking materials -your thoughts
Replies: 11
Views: 995

Re: Decking materials -your thoughts

Trex Deck or other high quality modern synthetic. Be sure that joists are spaced accordingly, some may need to be added. Also, seal existing joists after decking removal to prevent future water rot. If you want to refinish every few years, then go with wood. Good luck j (retired General Contractor/d...
by Sandtrap
Mon Sep 10, 2018 10:16 am
Forum: Personal Consumer Issues
Topic: Botched countertop installation - leave it as-is or risk the repair?
Replies: 78
Views: 8204

Re: Botched countertop installation - leave it as-is or risk the repair?

Absolutely #1 with no compromises. Or it will haunt you forever. Have it stipulated in writing that the contractor will be liable for any damages from the redo project. Good luck. j (retired General Contractor) As a former GC, what are your thoughts on the sealant around the flange? There's definit...
by Sandtrap
Mon Sep 10, 2018 10:05 am
Forum: Personal Consumer Issues
Topic: Botched countertop installation - leave it as-is or risk the repair?
Replies: 78
Views: 8204

Re: Botched countertop installation - leave it as-is or risk the repair?

Thanks for the pictures. Helps a lot. Absolutely #1 with no compromises. Or it will haunt you forever. Have it stipulated in writing that the contractor will be liable for any damages from the redo project. Insist on 100% Marine Silicone or 3M Marine 5200 caulking/sealant (nickname is 52 forever). I...
by Sandtrap
Sun Sep 09, 2018 10:13 am
Forum: Investing - Theory, News & General
Topic: Value of Vanguard's Allocation Chart? Putting the present in a larger context? Or ???
Replies: 12
Views: 1344

Value of Vanguard's Allocation Chart? Putting the present in a larger context? Or ???

For the purpose of putting your average returns within the context of a historical average: For the purpose of encouraging folks to "stay the course" with the confidence that the market does indeed average out over a period of time: How close are Boglehead's allocations relatively matching the Vangu...
by Sandtrap
Sun Sep 09, 2018 9:35 am
Forum: Investing - Help with Personal Investments
Topic: CD Break and Reinvest Options Perspectives
Replies: 18
Views: 1293

Re: CD Break and Reinvest Options Perspectives

#1 for simplicity . . .
or #2 . . .
The difference is very small but both are good moves from the existing.
j
by Sandtrap
Sun Sep 09, 2018 9:27 am
Forum: Investing - Theory, News & General
Topic: Myth Busting on Index Funds
Replies: 16
Views: 4031

Re: Myth Busting on Index Funds

Thanks for posting.
Have passed Larry's article on to others.
Mahalo
j :D
by Sandtrap
Sat Sep 08, 2018 11:17 pm
Forum: Personal Finance (Not Investing)
Topic: Rent vs Buy for low-income retiree
Replies: 23
Views: 1975

Re: Rent vs Buy for low-income retiree

Move to Hawaii with 800k and expectation of owning a home? Hawaii with an ultra high cost of living? Low income retiree? (in Hawaii . . . . ouch). :shock: Highly suggest renting for a short period until "Hawaii Sticker Shock" sets in. :shock: And, have an exit plan for returning or moving elsewhere....
by Sandtrap
Sat Sep 08, 2018 10:00 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Preservation Fund(s)
Replies: 13
Views: 1058

Re: Portfolio Preservation Fund(s)

bikechuck wrote:
Sat Sep 08, 2018 9:52 am
Altron wrote:
Fri Sep 07, 2018 9:02 pm
Assuming a long term time horizon where your not looking for income. I like VBIAX which is a low cost 60/40 stock/bond.

I would stay away from multiple funds where you have to rebalance the allocation over time.
What in heaven's name is VBIAX?
Vanguard Balanced Index Fund (60/40 allocation)
by Sandtrap
Sat Sep 08, 2018 9:55 am
Forum: Personal Consumer Issues
Topic: Buy a house that needs full renovation?
Replies: 40
Views: 1657

Re: Buy a house that needs full renovation?

As a retired General Contractor and R/E developer, I would not take on a renovation project as a "purchase" if the residence had serious structure issues. IE: My last project was a million dollar home that needed a complete renovation which required all interior insulation and drywall replaced as we...
by Sandtrap
Fri Sep 07, 2018 9:34 am
Forum: Investing - Help with Personal Investments
Topic: Good place to have a will done
Replies: 6
Views: 735

Re: Good place to have a will done

Seek legal counsel first. Get their professional opinion on what works best for your situation and other options. 1. Ask friends or relatives who have had good experiences with someone in your area. 2. Do an online search for who is in your area and read the reviews. It's a start. Initial consultati...
by Sandtrap
Fri Sep 07, 2018 9:31 am
Forum: Personal Consumer Issues
Topic: Short Sale Purchasing [property]
Replies: 17
Views: 1333

Re: Short Sale Purchasing [property]

Hi, I'm in process of purchasing a short sale. I put an offer - and that was accepted by the seller, and passed on to the seller's lender. The Seller's lender performed an appraisal, and it seems that their appraisal came back so high, that the lowest they may allow the sale is still higher than my...
by Sandtrap
Fri Sep 07, 2018 9:26 am
Forum: Personal Consumer Issues
Topic: taking home equity for credit card debt?
Replies: 19
Views: 1204

Re: taking home equity for credit card debt?

I have $20,000 in credit card debt on two cards. My circumstances have changed drastically since 1 yr ago when I had zero cc debt and was 5 years away from retirement. Not sure the details are relevant but I can provide. My question is how to pay this cc debt off. I own two homes in another state (...
by Sandtrap
Thu Sep 06, 2018 10:01 am
Forum: Investing - Help with Personal Investments
Topic: Invest for income?
Replies: 20
Views: 2001

Re: Invest for income?

Thanks for posting the link. Interesting website. However this excerpt from the website caused me to read no further: How to Retire on $300,000 (and bag 12% gains every year) Michael Foster, Investment Strategist Updated: September 3, 2018 Today I’m going to show you how to get a livable income stre...
by Sandtrap
Thu Sep 06, 2018 9:56 am
Forum: Personal Finance (Not Investing)
Topic: How do you handle Healthcare costs in retirement
Replies: 31
Views: 2562

Re: How do you handle Healthcare costs in retirement

I'm curious on how others on this board are handling healthcare costs in retirement. Specifically two questions; (1) For those on Medicare, do you find you need supplemental insurance and is it expensive ? (2) For those retiring earlier than 65 , not on medicare but possibly enrolling in ACA, do yo...
by Sandtrap
Thu Sep 06, 2018 9:53 am
Forum: Investing - Theory, News & General
Topic: Where to reinvest interest payments in bond ladder
Replies: 5
Views: 480

Re: Where to reinvest interest payments in bond ladder

I route the interest payments to a MM account. When it builds up to a certain point, I will either continue the ladder or invest in an alternative "fixed" to best advantage. This gives me more options.
j
by Sandtrap
Thu Sep 06, 2018 9:48 am
Forum: Investing - Theory, News & General
Topic: Are the stock market movements really random?
Replies: 37
Views: 2793

Re: Are the stock market movements really random?

This may be helpful for you:

Define General Investment Goals and Objectives (what is your plan?)
https://www.bogleheads.org/wiki/Invest ... statement

IPS Statement Worksheet PDF at Morningstar
http://news.morningstar.com/pdfs/inves ... pr2016.pdf
by Sandtrap
Thu Sep 06, 2018 9:42 am
Forum: Personal Consumer Issues
Topic: How to "waste" money on groceries?
Replies: 109
Views: 9384

Re: How to "waste" money on groceries?

My spouse buys fresh fruits and vegetables that she knows she will never touch. She has a mold garden growing in the fridge and on the kitchen counter. She seems to love fruit flies, too... If we didn't have maids that showed up twice month, the entire kitchen would be filled with moldy, goo-ey str...
by Sandtrap
Thu Sep 06, 2018 9:36 am
Forum: Personal Finance (Not Investing)
Topic: Sell our new home to downsize
Replies: 37
Views: 3397

Re: Sell our new home to downsize

You have a well thought out strategy. However . . . OTOH . . . Some thoughts to consider: 1 Would you eventually regret moving out of a brand new home if you can find a way to streamline your finances to make up for the $4-500/mo gain of downsizing? 2 When the existing home is sold and you are into ...
by Sandtrap
Thu Sep 06, 2018 9:27 am
Forum: Investing - Help with Personal Investments
Topic: Invest for income?
Replies: 20
Views: 2001

Re: Invest for income?

sillysaver wrote:
Thu Sep 06, 2018 8:30 am
What about the rates of return? Is a 7-8% yield not better than the market's expected return of about 4% nominal?
. . . I came across a newsletter that touts an "8% withdrawal-free retirement portfolio," . . .
Can you provide a link or reprint of this newsletter?
by Sandtrap
Thu Sep 06, 2018 9:20 am
Forum: Personal Finance (Not Investing)
Topic: Rent Increase or Not?
Replies: 25
Views: 2524

Re: Rent Increase or Not?

If it is a good tenant I usually let the rent lag market rate by about 10% +1 I have one tenant who takes care of all the minor repairs and any issues. Has lived in the unit for 6 years. Right now the rent is nearly 20% below market. Still well worth it at this point considering he has never called...
by Sandtrap
Thu Sep 06, 2018 9:14 am
Forum: Personal Consumer Issues
Topic: could windshield claim to insurance impact what i pay?
Replies: 14
Views: 771

Re: could windshield claim to insurance impact what i pay?

DW and I have replaced a number of windshields at no charge and no increase in rates. We have the "windshield rider" on our USAA policy. In the Arizona highways, rock chips are common, usually several per year. We usually fix them with the "chip repair kit" if they are small. Replace the windshield ...
by Sandtrap
Wed Sep 05, 2018 3:42 pm
Forum: Investing - Help with Personal Investments
Topic: Purchasing annuity for wife
Replies: 21
Views: 2106

Re: Purchasing annuity for wife

Helpful to compare SPIA rates.
Immediate Annuities.com
https://www.immediateannuities.com/a/an ... gKN9_D_BwE