Search found 2720 matches

by Petrocelli
Mon Oct 02, 2017 9:03 am
Forum: Local Chapters and Bogleheads Community
Topic: Retirement Class of 1998 (Sheepdog's Experience)
Replies: 45
Views: 4540

Re: Retirement Class of 1998 (Sheepdog's Experience)

Excellent post. Thank you for sharing it. It is very helpful to people like me approaching retirement.
by Petrocelli
Thu Sep 28, 2017 4:42 pm
Forum: Personal Consumer Issues
Topic: What are your monthly expenses?
Replies: 69
Views: 7643

Re: What are your monthly expenses?

About $10,000-$12,000 a month total, including mortgage and property taxes. This includes some expenses for my kids. (I still pay their cell phones, car insurance and car payments, even though they are college graduates.) Mortgage, taxes and and insurance is about $5,000. My groceries run about $1,0...
by Petrocelli
Thu Sep 28, 2017 1:55 pm
Forum: Personal Consumer Issues
Topic: The Rolex and The Boglehead
Replies: 274
Views: 12004

Re: The Rolex and The Boglehead

I think the better analogy is something like a $5,000 suit vs. $1,000 suit vs. a $300 suit. Or a $100 necktie vs. a $2 goodwill tie. The suit analogy does not work because suits wear out after a few years, regardless of how much you spend on them. The Rolex will increase in value, and will still be...
by Petrocelli
Thu Sep 28, 2017 12:24 pm
Forum: Personal Consumer Issues
Topic: The Rolex and The Boglehead
Replies: 274
Views: 12004

Re: The Rolex and The Boglehead

What was your point? Was that your point that watches are jewelry? If so, why did you bring up housing? The 100x IS important. Someone might actually spend $1.00 for a Coke in a cool-looking can over 50 cents for a Coke in a standard can. Very few people would spend $50 (100x as much) just for the ...
by Petrocelli
Thu Sep 28, 2017 8:14 am
Forum: Personal Consumer Issues
Topic: The Rolex and The Boglehead
Replies: 274
Views: 12004

Re: The Rolex and The Boglehead

I have a Rolex. I didn't buy it. My wife gave it to me. I opened up a box on Christmas morning, and there it was. The difference between the Rolex and the Casio is this: I will leave my Rolex to my son. He will wear it on his wrist. He can leave it to his son. He will wear it on his wrist. If that m...
by Petrocelli
Thu Sep 28, 2017 8:04 am
Forum: Personal Consumer Issues
Topic: The Rolex and The Boglehead
Replies: 274
Views: 12004

Re: The Rolex and The Boglehead

Ok, I will admit it....my husband and I have three between the two of us. I have a 35 mm Yachtmaster. My husband has a GMT and a Datejust 41. We are not fancy people, but we do appreciate nice watches. I have no regrets about the 3 that we have purchased. Which GMT does your husband have? He has th...
by Petrocelli
Tue Sep 26, 2017 11:32 pm
Forum: Personal Consumer Issues
Topic: The Rolex and The Boglehead
Replies: 274
Views: 12004

Re: The Rolex and The Boglehead

How many Bogleheads out there own and wear a Rolex (or similar)? Those that do, any regrets? I'd like to one day own a nice watch but for right now I just admire them all. DW might not ever sign off on a watch that expensive but still I'm curious what other Bogleheads have to say. I consider it a p...
by Petrocelli
Mon Sep 25, 2017 12:33 pm
Forum: Personal Consumer Issues
Topic: Do you subscribe to digital newspapers?
Replies: 92
Views: 5461

Re: Do you subscribe to digital newspapers?

I have a digital subscription to the Los Angeles Times. I get a hard copy of the paper on Sunday. It costs about $11 a month.

I actually prefer to read papers in digital format.
by Petrocelli
Sat Sep 23, 2017 12:55 pm
Forum: Investing - Help with Personal Investments
Topic: Should I buy a long term municiapl bond fund?
Replies: 4
Views: 748

Should I buy a long term municiapl bond fund?

From all my reading of Diehard books, I understand that as a general rule you should not extend the duration of bonds past intermediate term because the risk is not worth the reward. But if I am going to buy a tax-exempt bond fund, would it make more sense to buy a long term fund if: I am going to r...
by Petrocelli
Sat Sep 23, 2017 12:42 pm
Forum: Personal Finance (Not Investing)
Topic: Bogleheads monthly costs of dog ownership?
Replies: 83
Views: 5474

Re: Bogleheads monthly costs of dog ownership?

Grooming- $50 a month Food - $25 a month Other stuff - $5 (dog bags) Medical - Usually 0, but you I would think setting aside $30 a month would more than cover the cost. Won't be spending a dime on grooming. Don't mind washing, brushing, clipping nails, brushing teeth myself. If we were both retire...
by Petrocelli
Sat Sep 23, 2017 12:41 pm
Forum: Personal Consumer Issues
Topic: Anyone used Amazon to buy household goods
Replies: 26
Views: 2068

Anyone used Amazon to buy household goods

Have you used Amazon to buy household goods? (We have Prime so we get free shipping.) Do you think you can save money on things like laundry detergent and papers towels, etc?

Thanks in advance!
by Petrocelli
Sat Sep 23, 2017 10:59 am
Forum: Personal Finance (Not Investing)
Topic: Bogleheads monthly costs of dog ownership?
Replies: 83
Views: 5474

Re: Bogleheads monthly costs of dog ownership?

Grooming- $50 a month
Food - $25 a month
Other stuff - $5 (dog bags)
Medical - Usually 0, but you I would think setting aside $30 a month would more than cover the cost.
by Petrocelli
Fri Sep 22, 2017 7:44 pm
Forum: Personal Consumer Issues
Topic: Luxury Car Purchase
Replies: 47
Views: 3893

Re: Luxury Car Purchase

I know a lot of people who drive $100,000 cars. They all have a net worth far, far greater than yours, or mine.

I lease a Mercedes for about $600 a month, with all maintenance included. That's like renting a Mercedes for $30 a day. That sounds more like it.
by Petrocelli
Fri Sep 22, 2017 7:41 pm
Forum: Investing - Help with Personal Investments
Topic: Question re passive income
Replies: 5
Views: 689

Question re passive income

I am considering renting out my home, and renting another home in a less expensive area when I retire. We already have a rental property that generates income. It has no mortgage, so it throws of a good amount of income. If I rent out my primary residence, can I use the deductions on the my primary ...
by Petrocelli
Wed Sep 20, 2017 9:41 pm
Forum: Personal Finance (Not Investing)
Topic: Getting over emotional attachment to house
Replies: 70
Views: 6326

Re: Getting over emotional attachment to house

I've been living in a "water view" home for 25 years. We have an incredible vista. It is enriching to come into the house and absorb the scenery. We don't have to stare at it, for even in the background of our daily lives, it enriches us. We have all heard the term "visual blight." Well, there is a...
by Petrocelli
Wed Sep 20, 2017 7:37 am
Forum: Personal Finance (Not Investing)
Topic: Getting over emotional attachment to house
Replies: 70
Views: 6326

Re: Getting over emotional attachment to house

I've had the opportunity several times in my years to move to or build on a spot with "a view of the water", generally at a real estate premium of 50% or more. Always declined. Clearly, as I don't do beach vacations, fish, or own a boat, I'm just not a water person. Everyone has their own values, s...
by Petrocelli
Wed Sep 20, 2017 7:33 am
Forum: Personal Finance (Not Investing)
Topic: Getting over emotional attachment to house
Replies: 70
Views: 6326

Re: Getting over emotional attachment to house

it is a good idea to monitor the unrealized gain you have in the home, and consider selling once you approach the $250k/$500k primary residence capital gain exclusion. This means you may move around a bit... but it is a good strategy for avoiding CG tax on your home(s). (We have moved every 6 to 8 ...
by Petrocelli
Tue Sep 19, 2017 6:30 pm
Forum: Personal Finance (Not Investing)
Topic: Getting over emotional attachment to house
Replies: 70
Views: 6326

Re: Getting over emotional attachment to house

Petrocelli, I am not a homeowner but think I understand this - here goes: your new house has absolutely no impact on the calculation. Neither does your mortgage balance. What matters is your cost basis in the house you are selling, and the sale price (not your proceeds after paying down the mortgag...
by Petrocelli
Tue Sep 19, 2017 5:57 pm
Forum: Personal Finance (Not Investing)
Topic: Getting over emotional attachment to house
Replies: 70
Views: 6326

Re: Getting over emotional attachment to house

Isn't the home likely to appreciate at about the same rate is other investments (albeit with more risk)? Will you need the liquidity in retirement, or can you just spend down your other assets? I don't know if we "need" the liquidity. It will be nice to have. We will have social security, and a ren...
by Petrocelli
Tue Sep 19, 2017 5:45 pm
Forum: Personal Finance (Not Investing)
Topic: Getting over emotional attachment to house
Replies: 70
Views: 6326

Re: Getting over emotional attachment to house

Do remember that any gains beyond $500K will be taxable as long-term cap gains plus standard CA tax. And no income averaging or other tweaks, so it shows up as a big hit in one year. It can be worth doing a bit of tax modeling to understand the impact. As far as other ways, I haven't paid attention...
by Petrocelli
Tue Sep 19, 2017 5:41 pm
Forum: Personal Finance (Not Investing)
Topic: Getting over emotional attachment to house
Replies: 70
Views: 6326

Re: Getting over emotional attachment to house

Previously, when younger, lived in Palm Springs for a couple of years. Miserable, horrible experience. It was 121 degrees the day we moved out there. The heat is insufferable for at least 5 months of the year. Not much to do, really. Limited culture, dull, insipid people. Do you like to golf? That'...
by Petrocelli
Tue Sep 19, 2017 4:36 pm
Forum: Personal Finance (Not Investing)
Topic: Getting over emotional attachment to house
Replies: 70
Views: 6326

Re: Getting over emotional attachment to house

[quote=Watty post_id=3539274 time=1505855225 user_id=3687 Would the numbers work to buy a condo in Malibu that you could use when you want? [/quote] No. A nice condo in Malibu close to the ocean would be well over a million. The goal is to have one full time residence, and use the extra money to tra...
by Petrocelli
Tue Sep 19, 2017 2:20 pm
Forum: Investing - Theory, News & General
Topic: Any "average Joe" here actually make out well with individual stocks?
Replies: 108
Views: 13164

Re: Any "average Joe" here actually make out well with individual stocks?

When I was 26, I had 10,000 shares in a company that I got for $1 a share. It was my dad's company, so I did no research before acquiring the stock. When I was 27, the stock was featured in Money Magazine's cover article, "5 Hot Stocks for 1987!" (or something like that). The stock went to split adj...
by Petrocelli
Tue Sep 19, 2017 11:11 am
Forum: Personal Finance (Not Investing)
Topic: Getting over emotional attachment to house
Replies: 70
Views: 6326

Re: Getting over emotional attachment to house

It's possible that you might not like your neighborhood as it undergoes mansionization. Many will be motivated to sell because the land is valuable so you may not know any of your neighbors anymore . And your 2,500 sq. feet house will look like an odd duck surrounded by the McMansions. Although I g...
by Petrocelli
Tue Sep 19, 2017 10:59 am
Forum: Personal Finance (Not Investing)
Topic: Getting over emotional attachment to house
Replies: 70
Views: 6326

Re: Getting over emotional attachment to house

No offense, but you ask about emotional attachment, but your analysis basically comes down to tangibles such a extra 100k in income, living in more senior friendly place, and HCOL at current. So is the question about emotional attachment or the best financial move? No offense taken. When I started ...
by Petrocelli
Sun Sep 17, 2017 11:03 pm
Forum: Personal Finance (Not Investing)
Topic: Getting over emotional attachment to house
Replies: 70
Views: 6326

Re: Getting over emotional attachment to house

My humble opinion re: Palm Springs....meh... not so much. Nice place to visit, but I wouldn't want to live there. We would actually move to Indian Wells, which has a very different vibe than Palm Springs proper. It's about 15 miles east of Palm Springs. I like to golf, so the thought of retiring ne...
by Petrocelli
Sun Sep 17, 2017 10:58 pm
Forum: Personal Finance (Not Investing)
Topic: Getting over emotional attachment to house
Replies: 70
Views: 6326

Re: Getting over emotional attachment to house

What about renting out your current house? Hire a property manager so you don't have to deal with any of the details. Live in the desert for a few years. If you decide you like it, you can sell the old house and be done with it. If you miss the old place too much, you can go back. An interesting id...
by Petrocelli
Sun Sep 17, 2017 10:29 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 2687
Views: 862435

Re: What Book Are You Currently Reading? Part VI

I just finished "Stingray Afternoon". A great memoir of growing up in the 1970s. Highly recommended.

I just started reading "The Swamp Fox", which is about Francis Marion and the American Revolution in the Carolinas. Looks promising.
by Petrocelli
Sun Sep 17, 2017 10:25 pm
Forum: Personal Finance (Not Investing)
Topic: Psychological effects of Early Retirement in peak earning years.
Replies: 63
Views: 7379

Re: Psychological effects of Early Retirement in peak earning years.

Actually, I worry about retirement because I enjoy the people I work with. I'm a lawyer, and am now the oldest litigator there, and the department chair. Young people stop by to chat about their cases. Young lawyers who want to learn from you are really fun. I will miss the intellectual stimulation,...
by Petrocelli
Sun Sep 17, 2017 10:07 pm
Forum: Personal Finance (Not Investing)
Topic: Getting over emotional attachment to house
Replies: 70
Views: 6326

Re: Getting over emotional attachment to house

We moved out of our first house after 35 years. We bought it at the time we were married and raised our family there. We moved to get a house on one floor for ease of movement as we age. We like our new house so much, that we never give a thought to missing the old one. So, the best advice I can gi...
by Petrocelli
Sun Sep 17, 2017 10:05 pm
Forum: Personal Finance (Not Investing)
Topic: Getting over emotional attachment to house
Replies: 70
Views: 6326

Re: Getting over emotional attachment to house

You have to appreciate the wine not the bottle. It's the people that were within that are important/memorable and not the container (house). That said I enjoy very much driving through the streets of the neighborhood I grew up in. The neighborhood is very different now, it was a bucolic family area...
by Petrocelli
Sun Sep 17, 2017 9:55 pm
Forum: Investing - Help with Personal Investments
Topic: Best book for planning your retirement?
Replies: 20
Views: 3141

Re: Best book for planning your retirement?

Quinn's book, How to Make Your Money Last , is much like the title implies. If your resources are tight, this is a must read. If that is not one's situation, The BH Guide to Retirement Planning is indeed a good read. Full disclosure, I'm one of the chapter authors. I would also recommend Ed Slott's...
by Petrocelli
Sun Sep 17, 2017 9:52 pm
Forum: Investing - Help with Personal Investments
Topic: Mfr. home in SoCal......
Replies: 4
Views: 817

Re: Mfr. home in SoCal......

> a double wide manufactured home would be affordable The cost of a double wide may be affordable The value will continuously decrease. The home will depreciate, but the right to rent for spaces (which is often rent controlled) in North San Diego County often causes the homes to sell at a premium
by Petrocelli
Sun Sep 17, 2017 9:48 pm
Forum: Personal Finance (Not Investing)
Topic: Getting over emotional attachment to house
Replies: 70
Views: 6326

Getting over emotional attachment to house

I was wondering if anyone has any advice on a subject that does not involve number crunching. Have any of you sold a house you have been in for decades, in order to get equity out of a house for retirement? How do you get over the emotional attachment to the house? Here's our situation: We are about...
by Petrocelli
Sat Sep 16, 2017 3:27 pm
Forum: Investing - Help with Personal Investments
Topic: Mfr. home in SoCal......
Replies: 4
Views: 817

Re: Mfr. home in SoCal......

Manufactured homes in North Dan Diego county are not cheap. In some of the better areas, the space rental alone can run over $1,000 a month.
by Petrocelli
Sat Sep 16, 2017 3:24 pm
Forum: Personal Consumer Issues
Topic: Websites for last minute travel?
Replies: 5
Views: 1099

Websites for last minute travel?

I am beginning to plan for retirement. I would like to travel in retirement. Right now, because my schedule is so jam packed, I have to plan vacations months in advance. But if I would have the luxury of finding a good deal and going at the last minute Question: Can anyone recommend a website for la...
by Petrocelli
Sat Sep 16, 2017 3:02 pm
Forum: Investing - Help with Personal Investments
Topic: Best book for planning your retirement?
Replies: 20
Views: 3141

Re: Best book for planning your retirement?

Another book I liked better was "Control Your Retirement Destiny" by Dana Anspach. It provides more details about retirement planning. She is not as folksy as Quinn but provides good advice and more depth to this topic. She does a better job of guiding you through the retirement planning process. S...
by Petrocelli
Sat Sep 16, 2017 2:55 pm
Forum: Investing - Help with Personal Investments
Topic: Best book for planning your retirement?
Replies: 20
Views: 3141

Re: Best book for planning your retirement?

southport wrote:
Sat Sep 09, 2017 9:46 am
"The Boglehead's Guide to Retirement Planning" is marvelous, written by a variety of authors who frequent this forum.
Thanks so much. I will check it out.
by Petrocelli
Sat Sep 16, 2017 2:54 pm
Forum: Investing - Help with Personal Investments
Topic: Best book for planning your retirement?
Replies: 20
Views: 3141

Re: Best book for planning your retirement?

At least when thinking about withdrawal rate, I would recommend this "e-book": https://earlyretirementnow.com/2016/12/07/the-ultimate-guide-to-safe-withdrawal-rates-part-1-intro/ because it covers all the other books and studies in a clear way. So read this one first. As for the financial stuff: Ja...
by Petrocelli
Fri Sep 08, 2017 6:14 pm
Forum: Investing - Help with Personal Investments
Topic: Best book for planning your retirement?
Replies: 20
Views: 3141

Best book for planning your retirement?

I am planning on retiring in about 10 years and figure I better start planning the details now.

If you could recommend one book on retirement, what would it be?

Thanks!
by Petrocelli
Wed Sep 06, 2017 10:15 am
Forum: Personal Finance (Not Investing)
Topic: Any situations car leasing makes sense?
Replies: 67
Views: 11738

Re: Any situations car leasing makes sense?

For the record, I put no money down, other than registration and first month payment. I lease a Mercedes C250 with the fewest possible options. I think the sticker is around $44,000 (but I'm not sure). I get 15,000 miles a year and have to pay a penalty of 25 cents a mile if I go over. I pay $617.2...
by Petrocelli
Fri May 12, 2017 3:39 pm
Forum: Personal Consumer Issues
Topic: TV show recommendations?
Replies: 572
Views: 214651

Re: TV show recommendations?

Drama: Leftovers
Comedy: Master of None
by Petrocelli
Fri May 12, 2017 3:38 pm
Forum: Personal Consumer Issues
Topic: Best watch for around $5,000?
Replies: 1061
Views: 257122

Re: Best watch for around $5,000?

poker27 wrote:For the folks that looked at both Rolex and Omega, how did you make your decision?
My wife gave me my watch as a gift, so I didn't make the decision. However, if I were to choose between those two, I would clearly go with Rolex simply because of resale value.
by Petrocelli
Mon May 08, 2017 9:36 pm
Forum: Personal Consumer Issues
Topic: Best watch for around $5,000?
Replies: 1061
Views: 257122

Re: Best watch for around $5,000?

I saw this article and, of course, thought of the Bogleheads. "He who does not have his Rolex by the Age of 50 id a Failure." For the record, I don't think you are a failure if you don't have a Rolex or if you don't wear a wristwatch or if you don't care what time it is. I think most of you are fail...
by Petrocelli
Mon Jan 30, 2017 6:32 pm
Forum: Investing - Help with Personal Investments
Topic: Sheltering real property sale income without a 1031 exchange
Replies: 3
Views: 541

Re: Sheltering real property sale income without a 1031 exchange

We may be selling a commercial property that my wife inherited. There are no liens against it. Is all the income taxable as regular income? Is there any way of avoiding the income without doing a 1031 exchange? (I would like to invest the proceeds in municipal bonds, as opposed to real estate.) Tha...
by Petrocelli
Mon Jan 30, 2017 5:43 pm
Forum: Investing - Help with Personal Investments
Topic: Sheltering real property sale income without a 1031 exchange
Replies: 3
Views: 541

Sheltering real property sale income without a 1031 exchange

We may be selling a commercial property that my wife inherited. There are no liens against it. Is all the income taxable as regular income? Is there any way of avoiding the income without doing a 1031 exchange? (I would like to invest the proceeds in municipal bonds, as opposed to real estate.) Than...
by Petrocelli
Mon Jan 30, 2017 5:40 pm
Forum: Personal Consumer Issues
Topic: Is joining a country club a character flaw?
Replies: 101
Views: 9783

Re: Is joining a country club a character flaw?

We belong to a Country Club. We initially bought a "tennis membership" that allows unlimited use all facilities except the golf course. (We can use the golf course on certain days for a fee.) For the cost of the membership, 4 members of my family can use the gym and play unlimited tennis. ...
by Petrocelli
Mon Jan 30, 2017 5:37 pm
Forum: Investing - Help with Personal Investments
Topic: Best place to buy individual govt. bonds? [Calif. tax-free]
Replies: 2
Views: 550

Re: Best place to buy individual govt. bonds?

stlutz wrote:Fidelity. Good platform and a large number of bonds available.


Thanks!
by Petrocelli
Sun Jan 29, 2017 10:45 pm
Forum: Investing - Help with Personal Investments
Topic: Best place to buy individual govt. bonds? [Calif. tax-free]
Replies: 2
Views: 550

Best place to buy individual govt. bonds? [Calif. tax-free]

I want to start buying California tax free govt bonds. What is the best website to use to do this?

Thanks.