Search found 812 matches

by TN_Boy
Wed May 15, 2019 5:23 pm
Forum: Personal Consumer Issues
Topic: Police and Troopers fund.
Replies: 77
Views: 3119

Re: Police and Troopers fund.

I keep getting calls for donations to a Police and Troopers fund. I said no and hung up. How do others handle these types of calls whose wording is designed to generate guilt. On my part, I’ve looked up salary, starting point for pension and pension. Salary is ok, the other two pieces are generous....
by TN_Boy
Wed May 15, 2019 5:08 pm
Forum: Investing - Theory, News & General
Topic: 10,000% inflation in USA?
Replies: 19
Views: 1499

Re: 10,000% inflation in USA?

Hi bogleheads, Venezuela had 60,000% annual inflation in 2018, and is projected to suffer 1,000,000% to 10,000,000% inflation this year. Much stuff deleted .... Thoughts? And what are you currently doing to hedge against this type of extreme scenario happening? The US is not Venezuela. The differen...
by TN_Boy
Mon May 13, 2019 2:54 pm
Forum: Personal Investments
Topic: Does your retirement plan work if stocks are flat or in decline for decades?
Replies: 180
Views: 10313

Re: Does your retirement plan work if stocks are flat or in decline for decades?

From everything I can tell for the BH philosophy to work you have to believe over the long term stocks will move from lower left to upper right. That said it is very common in threads to see a post that disputes this as a valid assumption and cites non-US examples like Japan, Argentina, Venezuela a...
by TN_Boy
Sun May 12, 2019 7:01 pm
Forum: Personal Consumer Issues
Topic: Camera Lens Recommendation - 50-250MM
Replies: 12
Views: 700

Re: Camera Lens Recommendation - 50-250MM

Look at Tamron 70-210. A bit more than your price range but Tamrons are well built. I’ll second the vote for tamron. I have the Tamron SP 70-200 mm f/2.8 for Nikon. It is sharp as a tack and plenty fast. It’s heavy so benefits from a tripod. You get a lot for your money with tamron compared to Niko...
by TN_Boy
Wed May 08, 2019 2:37 pm
Forum: Personal Finance (Not Investing)
Topic: Walk away from my auto lease?
Replies: 154
Views: 7349

Re: Walk away from my auto lease?

I'm sorry but I'm not going to post the make and model. I don't want to turn this into my life's work so I think I'm going to start paying my lease again and pay for the transmission repair. It sounds like I'd be getting into a giant mess if I do anything else. EDIT: Maybe pay the lease, repair the...
by TN_Boy
Wed May 08, 2019 11:09 am
Forum: Personal Finance (Not Investing)
Topic: Walk away from my auto lease?
Replies: 154
Views: 7349

Re: Walk away from my auto lease?

Heck I am not even sure what is actually broken besides the clutch. There is a chance you just hit a crappy dealer but this is one of those stories where you have a feeling the other side might be interesting to hear. Most dealers are more than willing to do repairs if they think they will get paid...
by TN_Boy
Thu May 02, 2019 4:52 pm
Forum: Personal Consumer Issues
Topic: Questions for Folks that Does Not Need Their 401k/IRA Funds in Retirement
Replies: 67
Views: 4739

Re: Questions for Folks that Does Not Need Their 401k/IRA Funds in Retirement

Spend your time focusing on the future not the past. If you are anchored in the past (what things cost then, what you could do then) it's hard to adjust to changes. Get out, look forward, think ahead. Listen to your kids and grandkids. At least that's my plan to avoid the fate of sitting around in ...
by TN_Boy
Thu May 02, 2019 3:53 pm
Forum: Personal Consumer Issues
Topic: Questions for Folks that Does Not Need Their 401k/IRA Funds in Retirement
Replies: 67
Views: 4739

Re: Questions for Folks that Does Not Need Their 401k/IRA Funds in Retirement

It isn’t uncommon for an elder to be living in a long-time home and consider themselves independent, but: 1. A son is driving them to doctor’s appointment. 2. A daughter is bringing over dinner 3 nights a week. 3. A neighbor is cutting their lawn and shoveling snow. Which the kids/neighbor may or m...
by TN_Boy
Thu May 02, 2019 12:48 pm
Forum: Personal Consumer Issues
Topic: Questions for Folks that Does Not Need Their 401k/IRA Funds in Retirement
Replies: 67
Views: 4739

Re: Questions for Folks that Does Not Need Their 401k/IRA Funds in Retirement

The one thing retirees who never spent much money and have more than they (think they) need should start getting ready for is the need to spend money to maintain their independence. When you get older and weaker and sicker, it's hard to keep the house clean and in good repair, hard to take care of ...
by TN_Boy
Thu May 02, 2019 8:27 am
Forum: Personal Consumer Issues
Topic: Questions for Folks that Does Not Need Their 401k/IRA Funds in Retirement
Replies: 67
Views: 4739

Re: Questions for Folks that Does Not Need Their 401k/IRA Funds in Retirement

The one thing retirees who never spent much money and have more than they (think they) need should start getting ready for is the need to spend money to maintain their independence. When you get older and weaker and sicker, it's hard to keep the house clean and in good repair, hard to take care of ...
by TN_Boy
Wed May 01, 2019 9:49 pm
Forum: Personal Consumer Issues
Topic: Questions for Folks that Does Not Need Their 401k/IRA Funds in Retirement
Replies: 67
Views: 4739

Re: Questions for Folks that Does Not Need Their 401k/IRA Funds in Retirement

Much stuff deleted ... I'm not doing that. I'm simply suggesting that most people spend too much in search of fulfillment. You could essentially call that a fact given the number of people who live paycheck to paycheck. My example is personal, and I'm really just saying that I spend enough to be fu...
by TN_Boy
Wed May 01, 2019 12:11 pm
Forum: Personal Consumer Issues
Topic: Questions for Folks that Does Not Need Their 401k/IRA Funds in Retirement
Replies: 67
Views: 4739

Re: Questions for Folks that Does Not Need Their 401k/IRA Funds in Retirement

I had lunch with an old colleague last week who is retired. He and his wife have great pensions from their jobs along with social security, which covers all their expenses (no debt, home/car are paid off) with lots of discretionary funds. He also have a hefty 401k/IRA funds that have not needed to ...
by TN_Boy
Wed May 01, 2019 11:39 am
Forum: Personal Consumer Issues
Topic: Questions for Folks that Does Not Need Their 401k/IRA Funds in Retirement
Replies: 67
Views: 4739

Re: Questions for Folks that Does Not Need Their 401k/IRA Funds in Retirement

Nothing that costs money is really fulfilling in life. I could not disagree with this statement more. Why? Are you saying family costs money, or that materialistic riches and paid experiences are fulfilling? Sorry, but your original statement was Just Plain Silly. My house cost money, for instance,...
by TN_Boy
Fri Apr 19, 2019 2:13 pm
Forum: Investing - Theory, News & General
Topic: Hedging against hyperinflation scenario
Replies: 47
Views: 3127

Re: Hedging against hyperinflation scenario

Venezuela - a cup of coffee used to cost 4.50 Bolivars. It's now* > millions per cup. Question: How does one hedge against hyperinflation scenario in his own country, assuming that he holds 50/50, or 3-fund portfolio? I like several of the answers you've gotten on the impact of true hyperinflation ...
by TN_Boy
Fri Apr 19, 2019 1:18 pm
Forum: Personal Finance (Not Investing)
Topic: What I don’t understand about Donor Advised Funds...
Replies: 57
Views: 4496

Re: What I don’t understand about Donor Advised Funds...

If you know whom you want to give to, I would just make the donation directly and forgo the donor advised fund. Donor advised funds only make sense if you want a tax deduction in the current year, but don’t know whom you want to give the money to. The exception being if you have a large amount of m...
by TN_Boy
Fri Apr 19, 2019 9:51 am
Forum: Personal Finance (Not Investing)
Topic: In Laws Retirement Nest Egg
Replies: 156
Views: 14410

Re: In Laws Retirement Nest Egg

For the people who worry about inlaws with 1M networth, a paid off house, frugal habits, and some SS income, how much money would the inlaws need to have before you would stop worrying? That's a serious question. 1M not enough? How about 2M? A large pension? More SS? I get some curiosity in this si...
by TN_Boy
Thu Apr 18, 2019 9:55 am
Forum: Personal Finance (Not Investing)
Topic: In Laws Retirement Nest Egg
Replies: 156
Views: 14410

Re: In Laws Retirement Nest Egg

This is a very good question. There are a number of post with headings like "How much is enough?" The following is an interesting thread on the FI number. https://www.bogleheads.org/forum/viewtopic.php?f=10&t=207067 Right, and I've seen a lot of those threads. I have to think, someone who felt THEY...
by TN_Boy
Thu Apr 18, 2019 8:35 am
Forum: Personal Finance (Not Investing)
Topic: In Laws Retirement Nest Egg
Replies: 156
Views: 14410

Re: In Laws Retirement Nest Egg

This is a very good question. There are a number of post with headings like "How much is enough?" The following is an interesting thread on the FI number. https://www.bogleheads.org/forum/viewtopic.php?f=10&t=207067 Right, and I've seen a lot of those threads. I have to think, someone who felt THEY...
by TN_Boy
Thu Apr 18, 2019 7:26 am
Forum: Personal Finance (Not Investing)
Topic: What I don’t understand about Donor Advised Funds...
Replies: 57
Views: 4496

Re: What I don’t understand about Donor Advised Funds...

If you know whom you want to give to, I would just make the donation directly and forgo the donor advised fund. Donor advised funds only make sense if you want a tax deduction in the current year, but don’t know whom you want to give the money to. The exception being if you have a large amount of m...
by TN_Boy
Thu Apr 18, 2019 7:14 am
Forum: Personal Finance (Not Investing)
Topic: In Laws Retirement Nest Egg
Replies: 156
Views: 14410

Re: In Laws Retirement Nest Egg

Right, and I've seen a lot of those threads. I have to think, someone who felt THEY couldn't retire without millions in savings, is likely to have great angst when a parent retires with much less (even if the parents spends a lot less and is responsible). This appears to be the crux of the problem ...
by TN_Boy
Wed Apr 17, 2019 9:31 pm
Forum: Personal Finance (Not Investing)
Topic: In Laws Retirement Nest Egg
Replies: 156
Views: 14410

Re: In Laws Retirement Nest Egg

I have anxiety about money and I understand your concerns. For now, maybe you could make sure that your savings are in the correct buckets so that you're not in a position to compromise your immediate family's financial security to help them if they do run out of money. For example, keep maxing out...
by TN_Boy
Wed Apr 17, 2019 9:00 pm
Forum: Personal Finance (Not Investing)
Topic: In Laws Retirement Nest Egg
Replies: 156
Views: 14410

Re: In Laws Retirement Nest Egg

For the people who worry about inlaws with 1M networth, a paid off house, frugal habits, and some SS income, how much money would the inlaws need to have before you would stop worrying? Good question. I think it comes down to a judgment call based on more than just account values. I don't worry at ...
by TN_Boy
Wed Apr 17, 2019 7:51 pm
Forum: Personal Finance (Not Investing)
Topic: What I don’t understand about Donor Advised Funds...
Replies: 57
Views: 4496

Re: What I don’t understand about Donor Advised Funds...

If you know whom you want to give to, I would just make the donation directly and forgo the donor advised fund. Donor advised funds only make sense if you want a tax deduction in the current year, but don’t know whom you want to give the money to. The exception being if you have a large amount of m...
by TN_Boy
Wed Apr 17, 2019 5:05 pm
Forum: Personal Finance (Not Investing)
Topic: In Laws Retirement Nest Egg
Replies: 156
Views: 14410

Re: In Laws Retirement Nest Egg

I have anxiety about money and I understand your concerns. For now, maybe you could make sure that your savings are in the correct buckets so that you're not in a position to compromise your immediate family's financial security to help them if they do run out of money. For example, keep maxing out...
by TN_Boy
Wed Apr 17, 2019 4:44 pm
Forum: Personal Finance (Not Investing)
Topic: In Laws Retirement Nest Egg
Replies: 156
Views: 14410

Re: In Laws Retirement Nest Egg

Thanks all. One thing I will mention... I am not a man, I am a woman, and these are my husbands parents I am talking about. I don't want to ruffle more feathers by suggesting that this makes a difference, but despite the strides our society has made for women and equality, there is still a slight s...
by TN_Boy
Wed Apr 17, 2019 4:39 pm
Forum: Personal Finance (Not Investing)
Topic: In Laws Retirement Nest Egg
Replies: 156
Views: 14410

Re: In Laws Retirement Nest Egg

I have anxiety about money and I understand your concerns. For now, maybe you could make sure that your savings are in the correct buckets so that you're not in a position to compromise your immediate family's financial security to help them if they do run out of money. For example, keep maxing out...
by TN_Boy
Wed Apr 17, 2019 10:39 am
Forum: Personal Finance (Not Investing)
Topic: In Laws Retirement Nest Egg
Replies: 156
Views: 14410

Re: In Laws Retirement Nest Egg

Don't suffer. Your in laws are not likely to either. I retired 20 years ago with $800k, slightly more than your inlaws with no pension. I had a heart attack 3 months before retiring. I could not get LTC either. Oh, my God, how am I going to live? So, I took a trip to Scotland, Ireland and England. ...
by TN_Boy
Wed Apr 17, 2019 8:23 am
Forum: Personal Finance (Not Investing)
Topic: In Laws Retirement Nest Egg
Replies: 156
Views: 14410

Re: In Laws Retirement Nest Egg

I'm not clear on what is "actionable" out of all of this? Is the OP going to somehow force them to go back to work? Is the OP going to sit down with the parents and...what, exactly? Tell them that he's not comfortable with their decision to retire without consulting him? Ask them to walk him throug...
by TN_Boy
Wed Apr 17, 2019 8:14 am
Forum: Personal Finance (Not Investing)
Topic: In Laws Retirement Nest Egg
Replies: 156
Views: 14410

Re: In Laws Retirement Nest Egg

Ah but sheepdog, I must point out the inflation problem ... 800k in 1999 is equivalent to 1.2M today. You started with a good bit more than the OP's inlaws. And your nest egg today is down in real dollars from when you retired. You're still doing great :-) but I feel compelled to point out "real" v...
by TN_Boy
Tue Apr 16, 2019 4:48 pm
Forum: Personal Finance (Not Investing)
Topic: In Laws Retirement Nest Egg
Replies: 156
Views: 14410

Re: In Laws Retirement Nest Egg

Don't suffer. Your in laws are not likely to either. I retired 20 years ago with $800k, slightly more than your inlaws with no pension. I had a heart attack 3 months before retiring. I could not get LTC either. Oh, my God, how am I going to live? So, I took a trip to Scotland, Ireland and England. ...
by TN_Boy
Tue Apr 16, 2019 4:28 pm
Forum: Personal Finance (Not Investing)
Topic: In Laws Retirement Nest Egg
Replies: 156
Views: 14410

Re: In Laws Retirement Nest Egg

Unlike most responses, I can understand your concern. He could keep working but decides to retire early. His assets may be enough if everything goes well, but with health problems, there is not much cushion. You are concerned because he could keep working and have a little cushion, or quit working ...
by TN_Boy
Tue Apr 16, 2019 4:24 pm
Forum: Personal Finance (Not Investing)
Topic: In Laws Retirement Nest Egg
Replies: 156
Views: 14410

Re: In Laws Retirement Nest Egg

Thanks very much to all for your feedback and insight. I did not realize that this situation is quite standard, and after reading several of your responses, I agree that I might be a bit out of touch. This has been a good lesson learned for me. Regarding the money gifted to us from my family - this...
by TN_Boy
Tue Apr 16, 2019 4:15 pm
Forum: Personal Finance (Not Investing)
Topic: In Laws Retirement Nest Egg
Replies: 156
Views: 14410

Re: In Laws Retirement Nest Egg

Fourwaystreet - In terms of the health concerns, I meant that in the context of preventing them from getting a Long Term Care policy, not anything that would prevent them from working. I think the reason they denied him was because of a recent cortisone shot in his knee. No clue why that would prev...
by TN_Boy
Mon Apr 15, 2019 10:37 pm
Forum: Personal Finance (Not Investing)
Topic: In Laws Retirement Nest Egg
Replies: 156
Views: 14410

Re: In Laws Retirement Nest Egg

[cut] Here are my questions: 1. Do you think $700k in retirement savings is enough to scrape by between the two of them? Assuming they will live 20-30 more years. 2. What are our options if they do run out? 3. How much should I push on this? As the breadwinner, am I justified in raising concerns? H...
by TN_Boy
Mon Apr 15, 2019 6:29 pm
Forum: Personal Finance (Not Investing)
Topic: In Laws Retirement Nest Egg
Replies: 156
Views: 14410

Re: In Laws Retirement Nest Egg

Bogleheads, Need some advice about the financial situation of my in laws. I don't know much, but I do know the following: - They are 62 years old. MIL has never worked, FIL just retired (much to my surprise) - They have about $700k in Retirement savings, most of which is invested. - Adding in their...
by TN_Boy
Mon Apr 15, 2019 10:01 am
Forum: Personal Finance (Not Investing)
Topic: volunteering to teach financial literacy basics
Replies: 27
Views: 1357

Re: volunteering to teach financial literacy basics

You might find that there is a huge distrust of banks. A common refrain I heard was “banks are out to steal your money”. Some folks refuse to take personal responsibility for their behavior. There are a group of people whose experience with banks is monthly maintenance fees, over draft fees, high c...
by TN_Boy
Mon Apr 15, 2019 8:55 am
Forum: Personal Finance (Not Investing)
Topic: volunteering to teach financial literacy basics
Replies: 27
Views: 1357

Re: volunteering to teach financial literacy basics

The type of people I'm talking about helping are poorly educated (high school dropouts with shaky math and writing skills) who are particularly prone to getting the short end of the stick from sophisticated lenders (car dealers, appliance stores, banks, etc) and making ill-informed financial decisi...
by TN_Boy
Thu Apr 11, 2019 8:25 am
Forum: Investing - Theory, News & General
Topic: Is there a relatively stable junk bond fund?
Replies: 43
Views: 4860

Re: Is there a relatively stable junk bond fund?

I forget IUSB, the iShares Core Total USD Bond Market ETF, which tracks the Bloomberg Barclay's US Universal Bond Index. This index tries to track the total US bond market, investment-grade and junk, as shown below. It may not make you happy because 87% of it is the regular (investment-grade) US Ag...
by TN_Boy
Wed Apr 10, 2019 7:48 pm
Forum: Personal Finance (Not Investing)
Topic: Bogleheads, why won't anyone hire me?
Replies: 194
Views: 17701

Re: Bogleheads, why wont anyone hire me?

It matters who you know, nothing else. There is a reason the corporate world is full of the Lumburgs. ^^this^^ Many careers are are helped -- and doubtless some started -- because of "who you know." But people who really believe that it only matters who you know are mistaken and blaming the world f...
by TN_Boy
Tue Apr 09, 2019 10:31 pm
Forum: Investing - Theory, News & General
Topic: That's enough for me in 2019
Replies: 763
Views: 72196

Re: That's enough for me in 2019

I don't understand why you find Hussman's thoughts valuable. You find the thoughts of lottery winners valuable? No. Lottery winners think differently from successful stock market investors. What would need to occur for you to think that Hussman's views are useless? That's a serious question. At wha...
by TN_Boy
Tue Apr 09, 2019 10:02 pm
Forum: Investing - Theory, News & General
Topic: That's enough for me in 2019
Replies: 763
Views: 72196

Re: That's enough for me in 2019

I don't understand why you find Hussman's thoughts valuable. For me, one valuable element of this discussion is that it reminds me WHY it's important for my risk tolerance to be fully reflected in my asset allocation. Let's say for a second that Hussman is right. Could my financial plan tolerate a ...
by TN_Boy
Tue Apr 09, 2019 9:37 am
Forum: Investing - Theory, News & General
Topic: Retirees: Are you annually spending in Real or Nominal Terms?
Replies: 63
Views: 3899

Re: Retirees: Are you annually spending in Real or Nominal Ter

When I retired about 16 years ago I set up a really nifty spreadsheet to track the monthly withdrawals we would be taking from the portfolio over and above my pension. It could accommodate inflation increases for future years and was pretty anal in a number of other ways. Guess what? After a few mo...
by TN_Boy
Tue Apr 09, 2019 9:03 am
Forum: Investing - Theory, News & General
Topic: That's enough for me in 2019
Replies: 763
Views: 72196

Re: That's enough for me in 2019

I don't understand why you find Hussman's thoughts valuable. You find the thoughts of lottery winners valuable? No. Lottery winners think differently from successful stock market investors. What would need to occur for you to think that Hussman's views are useless? That's a serious question. At wha...
by TN_Boy
Tue Apr 09, 2019 7:48 am
Forum: Investing - Theory, News & General
Topic: That's enough for me in 2019
Replies: 763
Views: 72196

Re: That's enough for me in 2019

Thanks. I've read about the MAPE before. I'll look into it again. Doesn't it also suggest overvaluation, though not to extremes? Meanwhile, based on the valuation measures we find best-correlated with actual subsequent market returns across history, the current market extreme already matches or exc...
by TN_Boy
Mon Apr 08, 2019 6:35 pm
Forum: Investing - Theory, News & General
Topic: Retirees: Are you annually spending in Real or Nominal Terms?
Replies: 63
Views: 3899

Re: Retirees: Are you annually spending in Real or Nominal Terms?

Certainly not me. I don't budget, period. I have no spending target. I buy what I need and want in accordance with my natural frugality. +1 Were either of you retired during the 08 - 09 crash? I ask because that sort of market trauma is what would compel me to pay a lot more attention to spending.
by TN_Boy
Mon Apr 08, 2019 6:33 pm
Forum: Investing - Theory, News & General
Topic: Retirees: Are you annually spending in Real or Nominal Terms?
Replies: 63
Views: 3899

Re: Retirees: Are you annually spending in Rea sd Nominal Terms?

20 years retired living off of savings and SS. Expenses are not uniform, I think everyone retired would agree. What would you do when you purchase a new car one year and not the next.....or take a $20K cruise.....re-roof your house, etc. My "formula" is to take out an "average" of 4.5% per year. I ...
by TN_Boy
Sat Apr 06, 2019 9:28 am
Forum: Investing - Theory, News & General
Topic: The real impact of inflation on Retired Folks?
Replies: 101
Views: 7955

Re: The real impact of inflation on Retired Folks?

https://en.m.wikipedia.org/wiki/Warren_Buffett "The arithmetic makes it plain that inflation is a far more devastating tax than anything that has been enacted by our legislatures. The inflation tax has a fantastic ability to simply consume capital. It makes no difference to a widow with her savings...
by TN_Boy
Fri Apr 05, 2019 9:00 pm
Forum: Personal Finance (Not Investing)
Topic: Best thing to prepare for care for parents
Replies: 17
Views: 1627

Re: Best thing to prepare for care for parents

Kind of a look ahead/look back question. We have an older family member whose in rehab now with advanced Parkinson’s and looks as if he won’t ever come home. They aren’t prepared to take care of nursing home costs, so he will most likely go to a state facility, etc. Has us thinking about our parent...
by TN_Boy
Fri Apr 05, 2019 1:41 pm
Forum: Investing - Theory, News & General
Topic: The real impact of inflation on Retired Folks?
Replies: 101
Views: 7955

Re: The real impact of inflation on Retired Folks?

Going back to the original question starting this thread, I would say that the impact of inflation in car prices on retirees is minimal to "good" in that when a retiree does buy a new car, they are likely to get a good one for a price increase over their last car that is the same or less than the o...
by TN_Boy
Fri Apr 05, 2019 1:04 pm
Forum: Investing - Theory, News & General
Topic: The real impact of inflation on Retired Folks?
Replies: 101
Views: 7955

Re: The real impact of inflation on Retired Folks?

$28,000 to $35,000 represents a fairly small annual average increase over a 16 year period (not sure where the 25 years came from), especially for a better equipped vehicle. But it isn’t nothing. You paid 25% more in 2013 than in 1997. But the change from 28k to 35k was quite a bit less than the ov...