Search found 255 matches

by nick evets
Sun Apr 19, 2020 8:00 am
Forum: Personal Investments
Topic: 2 years from retirement - add to total bond?
Replies: 23
Views: 2422

Re: 2 years from retirement - add to total bond?

You don't mention your plans for Social Security (when you plan to claim and what percentage of your retirement income the benefits are expected to provide), but my observation is that MOST investors with more than 30% in bonds need to start confronting the possibility of inflation risk . Right now...
by nick evets
Sun Apr 19, 2020 6:33 am
Forum: Personal Investments
Topic: 2 years from retirement - add to total bond?
Replies: 23
Views: 2422

Re: 2 years from retirement - add to total bond?

Hmm...I probably didn't state my question clearly. I'm not wondering if a 77/23 AA is appropriate; it's uncomfortably aggressive and want to move to something closer to 60/40, soon. I'll be really upset if the market drops again, and I haven't protected more of my 401k. My question is, is it reasona...
by nick evets
Sat Apr 18, 2020 5:34 pm
Forum: Personal Investments
Topic: 2 years from retirement - add to total bond?
Replies: 23
Views: 2422

Re: 2 years from retirement - add to total bond?

Perhaps you could send all your 401k contributions to your Total Bond Fund holding or which fixed income selection you make. Now I prefer treasuries, but I do not hold them for yield. If you need yield, Total Bond Fund would be more likely to give more yield. I wouldn't sell existing holdings to pu...
by nick evets
Sat Apr 18, 2020 3:31 pm
Forum: Personal Investments
Topic: 2 years from retirement - add to total bond?
Replies: 23
Views: 2422

2 years from retirement - add to total bond?

I'm planning on retiring in two years. (Actually I'm planning on retiring at the end of this year, living on savings for the next year, while my wife works one additional year, then we'll both start pulling from our respective portfolios). Currently my 401k is allocated 77% equities (two index stock...
by nick evets
Wed Apr 15, 2020 6:50 am
Forum: Investing - Theory, News & General
Topic: Do I really need an Annuity? I have 40% Bonds
Replies: 43
Views: 2344

Re: Do I really need an Annuity? I have 40% Bonds

I like the idea of SPIA's and our megacorp presents them as an option in our retirement savings portal. But: 1) inflation-indexed SPIA's aren't offered (through sources I'd purchase from). 2) I've come to the conclusion that the principal benefit is convenience: not having to manage CD-ladders and t...
by nick evets
Fri Mar 06, 2020 3:31 pm
Forum: Personal Investments
Topic: Another Edward Jones and other Financial Advisor "Lessons to Share"
Replies: 80
Views: 9963

Re: Another Edward Jones and other Financial Advisor "Lessons to Share"

What continues to be interesting to me is that, of the handful of 'very rich' people I know well enough to know a bit about their finances...100% of them use some sort of professional management. They're also into all sorts of venture capital, real-estate, private equity this-and-that, and other wei...
by nick evets
Sun Mar 01, 2020 1:05 pm
Forum: Personal Investments
Topic: returning unwanted dividend to brokerage
Replies: 3
Views: 494

returning unwanted dividend to brokerage

Interesting situation. My wife wanted some extra spending money, and when she turned 59.5 asked that the brokerage of one of her tax-advantaged IRA plans send her the dividends rather than re-invest. Recently we got an unexpectedly large check -- her shares of a non-traded REIT were purchased, and t...
by nick evets
Sun Jan 19, 2020 2:35 pm
Forum: Personal Investments
Topic: $200k best way to pull out $30-40k for 5 years
Replies: 1
Views: 438

$200k best way to pull out $30-40k for 5 years

My wife would like more money. :) She just turned 60, and although she still plans to continue to work for another year or two, would like an additional $30-40k a year of income for some trips, house projects, etc. In one of her retirement accounts, a REIT just liquidated, so combined with some Schw...
by nick evets
Wed Dec 18, 2019 12:41 pm
Forum: Personal Finance (Not Investing)
Topic: Is any one uncomfortable with their wealth?
Replies: 152
Views: 12261

Re: Is any one uncomfortable with their wealth?

Did it really come easy? Most people worked and saved their whole lives. It is true that at some point (if not withdrawing too much) it does just grow and grow with little effort but that is a factor of time and compounding. I think accumulating wealth can be a combination of a lot of things. We of...
by nick evets
Tue Dec 10, 2019 3:01 pm
Forum: Personal Investments
Topic: "The Wealthy Renter" by Alex Avery.
Replies: 191
Views: 21279

Re: "The Wealthy Renter" by Alex Avery.

I doubt that article is accurate. The "study" showing it's cheaper to own is by gobankingrate.com, which obviously makes money from referring people to mortgages. It may in fact be cheaper to own, but I'd take those numbers with a grain of salt. Fair point -- that may well be biased data. Still, of...
by nick evets
Tue Dec 10, 2019 12:06 pm
Forum: Personal Finance (Not Investing)
Topic: Is it ever worth paying a 2.35% service fee on a 7k tax bill?
Replies: 16
Views: 1341

Re: Is it ever worth paying a 2.35% service fee on a 7k tax bill?

LOL - don't make my mistake.... One year I decided to pay a substantial property tax bill via credit card, but was dismayed by the 2.something (forget) surcharge. But! I had these 'convenience checks' -- in a blatantly stupid moment, w/out any verification beyond a vague notion of "0%", I paid my bi...
by nick evets
Tue Dec 10, 2019 11:48 am
Forum: Personal Investments
Topic: "The Wealthy Renter" by Alex Avery.
Replies: 191
Views: 21279

Re: "The Wealthy Renter" by Alex Avery.

I'm not understanding this delta between rent and mortgage monthly payments, where renting is cheaper, and you invest the savings.... In Washington DC a 1BR in the NW rents for $2-2.5k/mo. It might sell for $400-450k. Assuming you put down 20%, that would leave a 30 year mortgage payment of well un...
by nick evets
Tue Dec 10, 2019 10:55 am
Forum: Personal Investments
Topic: "The Wealthy Renter" by Alex Avery.
Replies: 191
Views: 21279

Re: "The Wealthy Renter" by Alex Avery.

I'm not understanding this delta between rent and mortgage monthly payments, where renting is cheaper, and you invest the savings.... In Washington DC a 1BR in the NW rents for $2-2.5k/mo. It might sell for $400-450k. Assuming you put down 20%, that would leave a 30 year mortgage payment of well und...
by nick evets
Tue Dec 10, 2019 9:34 am
Forum: Personal Consumer Issues
Topic: How Bogleheads sell and buy jewelry?
Replies: 9
Views: 1088

Re: How Bogleheads sell and buy jewelry?

My wife isn't a big jewelry person, but I'd like to buy her a nice pair of earrings. My limited experience with gems and the like is there is a *massive* discrepancy between retail price and 'actual cash value' of jewels. There is an estate store that is sells used jewelry. For a pair of earrings wi...
by nick evets
Tue Nov 26, 2019 8:29 am
Forum: Personal Finance (Not Investing)
Topic: Lease vs Buy Car...what am I missing?
Replies: 50
Views: 4997

Re: Lease vs Buy Car...what am I missing?

sunny_socal wrote:
Tue Nov 26, 2019 7:47 am

The modern way to buy a car:
0) Test drive cars by visiting dealers, don't provide any contact information whatsoever.
How do those test drives at the dealership work w/out providing a drivers license? (Of which they'll make a photocopy, as they should).
by nick evets
Sat Nov 23, 2019 5:54 pm
Forum: Personal Finance (Not Investing)
Topic: switch to manager role with 10% less pay, good idea?
Replies: 36
Views: 3053

Re: switch to manager role with 10% less pay, good idea?

Being a manager is significantly different than a technical role regardless of what they tell you. I do recommend it but make certain that you want it. It's much more about people, relationships, team performance, strategy, and occasionally tough decisions that impact people than what you currently...
by nick evets
Sat Nov 23, 2019 3:48 pm
Forum: Personal Finance (Not Investing)
Topic: What's your FIRECALC number?
Replies: 58
Views: 8402

Re: What's your FIRECALC number?

FIRECalc is on the optimistic side vs other planning tools/calculators. Based on what, our of curiosity? I've used 4 I think...the one Fidelity offers, Financial Engines, USAA's and FireCalc. I prefer the simplicity of FireCalc, and it more or less lines up with the 'number' I get from Fidelity. FE...
by nick evets
Wed Nov 20, 2019 5:22 pm
Forum: Personal Consumer Issues
Topic: Vacuum recommendations
Replies: 58
Views: 4100

Re: Vacuum recommendations

Miele.
by nick evets
Wed Nov 20, 2019 4:38 pm
Forum: Personal Consumer Issues
Topic: computers/programs/sites changing
Replies: 24
Views: 1972

Re: computers/programs/sites changing

The problem with someone 'building' you a PC is she can't possibly source the parts cheaply enough to be competitive, and as your needs are basic, what are you getting for this premium? Buy the new Windows 10 PC. Run it in parallel transferring data as needed. I don't understand the Dropbox issue -...
by nick evets
Wed Nov 20, 2019 8:37 am
Forum: Personal Consumer Issues
Topic: computers/programs/sites changing
Replies: 24
Views: 1972

Re: computers/programs/sites changing

A refurbished Dell or similar desktop from Best Buy, etc., is under $200. A new one is only slightly more than that and as someone pointed out, CostCo has a 4 year warranty. The problem with someone 'building' you a PC is she can't possibly source the parts cheaply enough to be competitive, and as y...
by nick evets
Sun Nov 17, 2019 3:35 pm
Forum: Personal Investments
Topic: Separate $ in...retirement??
Replies: 38
Views: 3768

Re: Separate $ in...retirement??

I think your wife values her independence and is potentially afraid of losing that in retirement. Try and empathize with that. She speaks as if she simply wants to be in charge of her own life, not that she wants to hoard her money away from you or blow through it all. I don't think drastic changes...
by nick evets
Fri Nov 15, 2019 2:34 pm
Forum: Personal Investments
Topic: Separate $ in...retirement??
Replies: 38
Views: 3768

Re: Separate $ in...retirement??

The tax liability is a good point -- I hadn't considered that. There are lots of unknowns...what type of lifestyle will your half of the retirement allow you to live? Does your wife want to take expensive cruises, for example, that you would not be able to afford? Will her spending be for things the...
by nick evets
Fri Nov 15, 2019 1:44 pm
Forum: Personal Investments
Topic: Separate $ in...retirement??
Replies: 38
Views: 3768

Separate $ in...retirement??

For 20 years of marriage my wife and I have had a 'his,' 'hers,' and 'ours,' account. It's worked out well: we've been fortunate to have good jobs over most of our lifetime, and are on the cusp of retirement. A couple points that may or may not be germane: 1) we don't have children, and no desire to...
by nick evets
Thu Aug 01, 2019 7:56 am
Forum: Personal Investments
Topic: "How active management survives"
Replies: 26
Views: 3960

Re: "How active management survives"

The thing is...let's say I know 6 people that are unquestionably "rich" -- one in the many tens of millions range. And I know them well enough personally to know that 100% use a financial advisor, or some sort of professional wealth management. All of them. And at least some are involved in things I...
by nick evets
Fri Jul 26, 2019 10:12 am
Forum: Personal Investments
Topic: What to do in a crash
Replies: 65
Views: 7654

Re: What to do in a crash

Cheer up. Recognize that a 50% loss in value will require a 100% gain to recover, so it's going to be a while....Crash will only take a month, and you've got to wait years going forward.... In the meantime you'll be cheered by posts from people who: 1) "saw it coming because XYZ, so they went all to...
by nick evets
Wed Jul 17, 2019 12:13 pm
Forum: Personal Investments
Topic: Counseling a Colleague About Their Financial Advisor
Replies: 30
Views: 2291

Re: Counseling a Colleague About Their Financial Advisor

Will you tell your friend she should listen to you because you've been reading a free internet forum, and getting good advice from strangers? And she is wasting money working with a certified financial advisor? What level of credibility are you bringing to the table that qualifies you to direct her ...
by nick evets
Mon Jul 08, 2019 11:25 am
Forum: Personal Consumer Issues
Topic: Outdoor Fire Pit - Wood vs. Gas?
Replies: 53
Views: 4598

Re: Outdoor Fire Pit - Wood vs. Gas?

Does it have to be attractive? I'm a big fan of 'burn barrels' - just an old 55 gallon barrel with some holes punched in the bottom. Burns household trash nicely, too, as well as papers you might otherwise shred. But after a couple months outdoors it rusts and looks horrible. But the 'chimney' funct...
by nick evets
Sat Jul 06, 2019 11:07 am
Forum: Personal Finance (Not Investing)
Topic: 50-60k boat purchase??
Replies: 84
Views: 6643

Re: 50-60k boat purchase??

I agree that boats can be expensive, but not being a boat expert, I'm guessing the boat in the photo costs more than a typical boat in the same size range, but has some capability or features that other boats in the same size range (which I believe do cost less) don't? Since you mentioned cameras, ...
by nick evets
Sat Jul 06, 2019 9:27 am
Forum: Personal Finance (Not Investing)
Topic: 50-60k boat purchase??
Replies: 84
Views: 6643

Re: 50-60k boat purchase??

I think if you want to upgrade, you should. As an impatient sales rep at B&H Photo Video once told me, "Every man is his family's own accountant," when I was equivocating over a purchase.... I would just say, as a long time fisherman and boat owner, the market for used boats has been crazy over the ...
by nick evets
Wed Jul 03, 2019 6:05 pm
Forum: Personal Finance (Not Investing)
Topic: The Day Has Come - Hit Retirement Number - Now What?
Replies: 103
Views: 11886

Re: The Day Has Come - Hit Retirement Number - Now What?

Book Premise... "Quit your job, don't tell your boss"... i.e. show up, do what's required, get a life (beyond work). When the right time comes... leave! Ugh, who feels good about that?? It's not fair to your co-workers, your employer, nor yourself, unless you're already someone who puts forth only ...
by nick evets
Tue Jul 02, 2019 3:57 pm
Forum: Personal Consumer Issues
Topic: how do couples work together on home finance
Replies: 60
Views: 5196

Re: how do couples work together on home finance

Hard to 'force' the partner to be interested in something he or she inherently doesn't care about. And going right from 0 to 60 ? (nothing to weekly 30 min sessions??). Are there core financial issues you'd like help with, or joint decision-making to mutually solve, and/or are you also annoyed becau...
by nick evets
Mon Jul 01, 2019 7:01 pm
Forum: Personal Finance (Not Investing)
Topic: Would we regret buying a 2nd home?
Replies: 90
Views: 9997

Re: Would we regret buying a 2nd home?

It may be different after I retire, but I do not really have the time to do all the upkeep on one home/small farm. I can't imagine having two. lol....+1 I enjoy working at the house, but having 2 to maintain would be frustrating. Esp a 2nd home that is supposed to be a 'vacation' home....having to ...
by nick evets
Mon Jul 01, 2019 3:15 pm
Forum: Personal Finance (Not Investing)
Topic: Would we regret buying a 2nd home?
Replies: 90
Views: 9997

Re: Would we regret buying a 2nd home?

Wife and I have a small second property on the coast, 2.75 hours away. We've had it for about 15 years -- has it appreciated? Sure, but we'd probably break-even given the money we've sunk into improvements. Would we be financially ahead had we never bought, and left the purchase price in equities? Y...
by nick evets
Mon Jul 01, 2019 11:10 am
Forum: Personal Consumer Issues
Topic: anyone in the market for a lawn tractor?
Replies: 31
Views: 2273

Re: anyone in the market for a lawn tractor?

Mowing ~1acre with a push mower seems...masochistic. By chance do you have a Sears Outlet store within driving distance? If you don't mind some minor cosmetic issues, you can purchase a brand-new Craftsman riding mower for a substantial discount. But really, a basic Craftsman/Deere/Husq. etc, from t...
by nick evets
Mon Jul 01, 2019 10:04 am
Forum: Personal Finance (Not Investing)
Topic: Do you share your net worth with family members?
Replies: 252
Views: 23549

Re: Do you share your net worth with family members?

No!

I save that information to share with tens of thousands of strangers on internet forums.
by nick evets
Fri Jun 21, 2019 4:19 pm
Forum: Personal Finance (Not Investing)
Topic: Permanent DINK couples - Considerations, thoughts, etc?
Replies: 97
Views: 11155

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

Hmm....I'm still not sure I see the financial question here. Wife and I married somewhat late in life (mid/late 30's) and didn't have a desire to have children and 20 years later...no regrets. Financially a significant obligation is avoided, but yes, at the end of our lives, perhaps there may be oth...
by nick evets
Sat Apr 27, 2019 8:48 am
Forum: Personal Finance (Not Investing)
Topic: Condo costs
Replies: 16
Views: 1610

Re: Condo costs

My wife and I will probably relocate to the U.S. in 2021 after living in Europe for more than 26 years. We are trying to estimate the monthly costs of owning a condominium.... JK It depends! You've left 'internet' off your list. And maybe there's an additional charge for parking, if it's available....
by nick evets
Mon Apr 15, 2019 3:49 pm
Forum: Personal Consumer Issues
Topic: venting/air flow large master bath with high ceilings
Replies: 4
Views: 443

venting/air flow large master bath with high ceilings

We have a large master bath in a 30 year-old suburban home. The bathroom as very high ceilings -- ~20' -- and ceiling fan and two skylights. There is a toilet closet in the bathroom with a small exhaust in the ceiling, but otherwise no venting except the HVAC supply vents in the floor. We've had mol...
by nick evets
Wed Mar 27, 2019 8:20 am
Forum: Personal Consumer Issues
Topic: Buying Concert Tickets
Replies: 20
Views: 1038

Re: Buying Concert Tickets

Ticketmaster and Stubhub are definitely the safest options. You'll usually pay a slight premium for that protection though. They are still usually my go-to though since I've never had a bad experience with either. As for the prices, unfortunately it's just anyone's guess. There really isn't a rule ...
by nick evets
Tue Mar 26, 2019 11:27 am
Forum: Personal Consumer Issues
Topic: I would like a boat. I also know nothing about boats
Replies: 147
Views: 10511

Re: I would like a boat. I also know nothing about boats

I really don't see how a Boston Whaler would be a good boat for OP. It *wouldn't* be, but the point of this thread is to either repeat the "two happiest days..." aphorism, or supply a boat (or canoe!) brand or style that you, yourself, are partially familiar with. Oh, and to admonish the OP that he...
by nick evets
Mon Mar 25, 2019 4:09 pm
Forum: Personal Consumer Issues
Topic: I would like a boat. I also know nothing about boats
Replies: 147
Views: 10511

Re: I would like a boat. I also know nothing about boats

ponyboy wrote:
Mon Mar 25, 2019 2:04 pm
Best two days of boat ownership..

The day you buy, and the day you sell.
If that's the case, I've had quite a few good days...and more to come!
by nick evets
Mon Mar 25, 2019 8:22 am
Forum: Personal Investments
Topic: Adjust my AA to compensate for spouse AA?
Replies: 13
Views: 1101

Re: Adjust my AA to compensate for spouse AA?

I wonder how many people are in the position of the OP? I am, kinda. After a couple unpleasant go-rounds with retirement accounts (once with a financial advisor) my wife has settled in with her TSP and an external IRA, and is completely disinterested in the subject. To adjust our AA (around 60:40) ...
by nick evets
Mon Mar 25, 2019 8:09 am
Forum: Personal Consumer Issues
Topic: I would like a boat. I also know nothing about boats
Replies: 147
Views: 10511

Re: I would like a boat. I also know nothing about boats

Some very good posts above about taking a boating course and options on boats. I would also add that you really need to do some research on boats in general and also on which boat would fit your needs. That is even more important since you have very little knowledge of boating. Focusing on 19-22' o...
by nick evets
Mon Mar 25, 2019 7:32 am
Forum: Personal Finance (Not Investing)
Topic: general q: taxes on annuities from 401ks
Replies: 1
Views: 176

general q: taxes on annuities from 401ks

Hi all -- I'm a bit confused about something and just want to clarify... I can convert part or all of my 401k to a lifetime annuity through my plan provider. My understanding is the annuity payments would be taxed at ordinary income rates. What if I wanted to purchase a 10 year simple annuity, and t...
by nick evets
Sun Mar 24, 2019 8:09 am
Forum: Personal Finance (Not Investing)
Topic: IRS notice 3/22/2019: for 2018 taxes, no penalty if 80% of tax shown on return was withheld or est taxes paid
Replies: 13
Views: 2462

Re: IRS notice 3/22/2019: for 2018 taxes, no penalty if 80% of tax shown on return was withheld or est taxes paid

Married 0 has never worked well for 2 earner households, but it's even more off under the new withholding tables. In 2017 we were witholding an extra $2500/year. In 2018, that amount doubled. Yes, that sounds about right for us as well. Actually prior to this year, I was claiming "S" with 2 allowan...
by nick evets
Sun Mar 24, 2019 7:26 am
Forum: Personal Finance (Not Investing)
Topic: IRS notice 3/22/2019: for 2018 taxes, no penalty if 80% of tax shown on return was withheld or est taxes paid
Replies: 13
Views: 2462

Re: IRS notice 3/22/2019: for 2018 taxes, no penalty if 80% of tax shown on return was withheld or est taxes paid

They should have given some sort of reward to those who were instead not caught by surprise and diligently made their estimated payments. Feels like the new homeowner assistance program all over again... What reward would you like? I confess I didn't remember or participate in what the IRS says was...
by nick evets
Tue Mar 19, 2019 4:51 pm
Forum: Personal Consumer Issues
Topic: Recommendations on treadmill purchase
Replies: 16
Views: 1448

Re: Recommendations on treadmill purchase

Long story: years ago, my local gym was clearing out old equipment, and I bought a Life Fitness 9500HR for $500. Another $100 plus tip to have 3 movers haul it upstairs. 1 year later some wax problem where the belt wasn't getting sprayed -- $240 in parts and labor. 6 months after that, my wife becam...
by nick evets
Mon Mar 18, 2019 6:48 pm
Forum: Personal Consumer Issues
Topic: Fishing Kayak recommendation
Replies: 50
Views: 3097

Re: Fishing Kayak recommendation

Everything about the canoe experience is better for me than 2 separate kayaks. You mention that you have a "large SUV", so I assume you would be able to carry a canoe. They also make hitch extenders like this... https://www.homedepot.com/p/TriCam-350-lb-Capacity-Load-Extender-SLE-1/204317805 IME, S...
by nick evets
Mon Mar 18, 2019 12:31 pm
Forum: Personal Consumer Issues
Topic: Fishing Kayak recommendation
Replies: 50
Views: 3097

Re: Fishing Kayak recommendation

I never thought of keeping it inside (maybe one may go in) the SUV. that might work, I have to see if I have enough space to keep back hatch open and slide it in there (or keep the door open). Thanks for that. The only reason why I am considering those alternatives (or maybe revo 11) is the two kay...
by nick evets
Mon Mar 18, 2019 9:20 am
Forum: Personal Consumer Issues
Topic: Fishing Kayak recommendation
Replies: 50
Views: 3097

Re: Fishing Kayak recommendation

[I am leaning towards outback for myself, and either a sport or a compass for my kid. I would *not* get the Sport -- it's too short, too slow and more of a recreational water toy-thing than a serious fishing kayak. The Outback is great, however, and probably my all-around favorite boat in their fle...