Search found 1810 matches

by TN_Boy
Sat Sep 26, 2020 10:21 am
Forum: Personal Consumer Issues
Topic: What can I expect from new golf clubs
Replies: 96
Views: 5340

Re: What can I expect from new golf clubs

Another great wisdom I learned long ago. For a course you play regularly, stand on the green and look backwards to the tee. What shot would you want to play into the green? How do you get to that place from the tee? Often that results in a different approach to a hole than just blasting driver off ...
by TN_Boy
Sat Sep 26, 2020 10:18 am
Forum: Personal Consumer Issues
Topic: A simpler car.
Replies: 203
Views: 12947

Re: A simpler car.

That's just silly. :oops: I agree. ... I don't care if people think I'm poor because my car looks like I am. Finally one of the few people on this forum that speaks my language. When it comes to cars this financial forum turns into the "safety at all cost" forum ;) I like what you said about impres...
by TN_Boy
Fri Sep 25, 2020 5:03 pm
Forum: Personal Consumer Issues
Topic: What can I expect from new golf clubs
Replies: 96
Views: 5340

Re: What can I expect from new golf clubs

A 300 yard carry on level ground is pro length if that was measured accurately :-) Yes, I was carrying them in the 280-300 range when getting fitted for my new clubs. It was amazing. I couldn't even get that on rollout with my old driver. Accuracy is a different story. (I am not a good golfer and d...
by TN_Boy
Fri Sep 25, 2020 4:45 pm
Forum: Personal Consumer Issues
Topic: A simpler car.
Replies: 203
Views: 12947

Re: A simpler car.

We have enough to buy whatever we want but I don't feel compelled spend $20-30k on a car... am I crazy? Yes. Just lease something decent and you'll always have a warranty. If you have the means, life is too short to drive old needy cars. That's just silly. :oops: I agree. This is pretty much the op...
by TN_Boy
Thu Sep 24, 2020 5:34 pm
Forum: Personal Consumer Issues
Topic: What can I expect from new golf clubs
Replies: 96
Views: 5340

Re: What can I expect from new golf clubs

This is a very useful thread for me. I am in a similar situation as the Topic Author. I have a low end set of clubs (Callaway Strata) I bought 7 years ago brand new. I had only been playing golf for a few years with clubs purchased at Goodwill. before that. Since retiring 2 years ago, the biggest f...
by TN_Boy
Thu Sep 24, 2020 2:42 pm
Forum: Personal Consumer Issues
Topic: What can I expect from new golf clubs
Replies: 96
Views: 5340

Re: What can I expect from new golf clubs

I have played golf off and on my whole life and have been using the same clubs for 20+ years. I just went to a custom clubfitter and ended up with a set up custom Callaway Mavrik clubs. The total cost was around $2300. The difference is phenomenal. I am hitting each club at least 20 yards longer an...
by TN_Boy
Thu Sep 24, 2020 9:31 am
Forum: Personal Consumer Issues
Topic: What can I expect from new golf clubs
Replies: 96
Views: 5340

Re: What can I expect from new golf clubs

I think most new golf clubs are a terrible investment. Most will do the BK within a decade. The demographics of golfers are not encouraging. Run away. My new golf clubs last year were not an investment -- they have no capital gains or dividends! But they helped my golf game. Which was all I wanted....
by TN_Boy
Thu Sep 24, 2020 9:27 am
Forum: Personal Investments
Topic: Is intermediate treasuries good as fixed income in retirement ?
Replies: 35
Views: 2726

Re: Is intermediate treasuries good as fixed income in retirement ?

That, to me, seems to be an excellent plan. Yes, intermediate treasuries are as good as fixed income in retirement. The yield is low, but then you get the guarantee that you will receive all your money, Uncle Sam does not default. Not true. The United States defaulted on some Treasury bills in 1979...
by TN_Boy
Thu Sep 24, 2020 8:43 am
Forum: Personal Consumer Issues
Topic: A simpler car.
Replies: 203
Views: 12947

Re: A simpler car.

AerialWombat wrote: Thu Sep 24, 2020 12:19 am I’m about to buy a Ford Mustang that’s almost as old as I am. I guess that won’t be a Boglehead-approved purchase?

No airbags. Electric nothing. Heck, it’s even carbureted and has a manual transmission. The horrors!
+1 to the manual!
by TN_Boy
Thu Sep 24, 2020 8:15 am
Forum: Personal Consumer Issues
Topic: A simpler car.
Replies: 203
Views: 12947

Re: A simpler car.

Time to walk away from the internal combustion engine Something like this for 6k https://www.autotrader.com/cars-for-sale/vehicledetails.xhtml?atCarId=218c50bd Or a used Chevy Bolt (15k) will set you free. Wipers, Washer Fluid, Brake Fluid...don't look back. Electric cars are interesting now, and b...
by TN_Boy
Wed Sep 23, 2020 9:21 pm
Forum: Personal Consumer Issues
Topic: A simpler car.
Replies: 203
Views: 12947

Re: A simpler car.

Time to walk away from the internal combustion engine Something like this for 6k https://www.autotrader.com/cars-for-sale/vehicledetails.xhtml?atCarId=218c50bd Or a used Chevy Bolt (15k) will set you free. Wipers, Washer Fluid, Brake Fluid...don't look back. Electric cars are interesting now, and b...
by TN_Boy
Wed Sep 23, 2020 11:05 am
Forum: Personal Consumer Issues
Topic: A simpler car.
Replies: 203
Views: 12947

Re: A simpler car.

I have a feeling I'm in the minority here but I'm thinking about buying a simpler older car, I recently sold my (2007) car I really liked I had all the bugs worked out but the paint was starting to go and I didn't want to spend $3k. I bought a 2015 car it had a transmission issue that I fixed but I...
by TN_Boy
Wed Sep 23, 2020 10:59 am
Forum: Personal Consumer Issues
Topic: A simpler car.
Replies: 203
Views: 12947

Re: A simpler car.

Time to walk away from the internal combustion engine Something like this for 6k https://www.autotrader.com/cars-for-sale/vehicledetails.xhtml?atCarId=218c50bd Or a used Chevy Bolt (15k) will set you free. Wipers, Washer Fluid, Brake Fluid...don't look back. Electric cars are interesting now, and b...
by TN_Boy
Wed Sep 23, 2020 10:18 am
Forum: Personal Consumer Issues
Topic: A simpler car.
Replies: 203
Views: 12947

Re: A simpler car.

I have a feeling I'm in the minority here but I'm thinking about buying a simpler older car, I recently sold my (2007) car I really liked I had all the bugs worked out but the paint was starting to go and I didn't want to spend $3k. I bought a 2015 car it had a transmission issue that I fixed but I...
by TN_Boy
Tue Sep 22, 2020 12:16 pm
Forum: Personal Consumer Issues
Topic: What can I expect from new golf clubs
Replies: 96
Views: 5340

Re: What can I expect from new golf clubs

I upgraded a 10 year old set of irons recently and picked up 2 to 4 strokes a round. And 10 to 15 yards a club. The key being the senior flex shafts. Did you compare the lofts between the sets? Many new 8 irons have the lofts of older 7 irons. A pretty decent write-up on the subject is Do equipment...
by TN_Boy
Mon Sep 21, 2020 2:54 pm
Forum: Personal Finance (Not Investing)
Topic: Long Term Care Insurance (LTC)
Replies: 22
Views: 1858

Re: Long Term Care Insurance (LTC)

An issue with LTC policies is the requirements for them to pay. For example, I recently saw a policy that would not pay unless the holder was unable to perform two Activities of Daily Living or had cognitive impairment severe enough to cause her to be unsafe. Coverage is up to $300,000 for a 95 yea...
by TN_Boy
Mon Sep 21, 2020 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: Long Term Care Insurance (LTC)
Replies: 22
Views: 1858

Re: Long Term Care Insurance (LTC)

An issue with LTC policies is the requirements for them to pay. For example, I recently saw a policy that would not pay unless the holder was unable to perform two Activities of Daily Living or had cognitive impairment severe enough to cause her to be unsafe. Coverage is up to $300,000 for a 95 yea...
by TN_Boy
Mon Sep 21, 2020 12:26 pm
Forum: Personal Finance (Not Investing)
Topic: Long Term Care Insurance (LTC)
Replies: 22
Views: 1858

Re: Long Term Care Insurance (LTC)

An issue with LTC policies is the requirements for them to pay. For example, I recently saw a policy that would not pay unless the holder was unable to perform two Activities of Daily Living or had cognitive impairment severe enough to cause her to be unsafe. Coverage is up to $300,000 for a 95 yea...
by TN_Boy
Mon Sep 21, 2020 10:22 am
Forum: Personal Finance (Not Investing)
Topic: Any retirees thought about cutting spending in March 2020?
Replies: 53
Views: 3754

Re: Any retirees thought about cutting spending in March 2020?

One of the strategies suggested to deal with sequence of withdrawal risks (SWR) is to cut spending when the market is in serious trouble. I think we had one of those moments in March this year for a short period of time. However, cutting spending in retirement is not a fun thing as it requires sacr...
by TN_Boy
Mon Sep 21, 2020 9:53 am
Forum: Personal Consumer Issues
Topic: What can I expect from new golf clubs
Replies: 96
Views: 5340

Re: What can I expect from new golf clubs

Several years ago when I retired I took up the game of golf. My brother-in-law had some clubs he never used and gave them to me. After playing for the past several years I find my game has not improved to the level I feel I should be at. I am 72 years old and in good health. My golf handicap is aro...
by TN_Boy
Mon Sep 21, 2020 9:43 am
Forum: Personal Consumer Issues
Topic: What can I expect from new golf clubs
Replies: 96
Views: 5340

Re: What can I expect from new golf clubs

I haven't played golf for many years, but what I'd be interested in knowing is specifically what technology has changed since my golf clubs were made in the 1970s. Specifically, technology that would benefit relatively poor golfers. For example I could envision there being technology that would gre...
by TN_Boy
Wed Sep 16, 2020 8:19 am
Forum: Personal Consumer Issues
Topic: Caretaker for parents?
Replies: 46
Views: 3055

Re: Caretaker for parents?

The wife of a couple we know eventually moved in with her Mom full time as she felt it was her duty. Husband could not take the dissension Mom brought and would not agree to have her move in with them. Fast forward about five years, full dementia, the wife maybe gets someone to spell her a couple h...
by TN_Boy
Tue Sep 15, 2020 6:43 pm
Forum: Personal Consumer Issues
Topic: Caretaker for parents?
Replies: 46
Views: 3055

Re: Caretaker for parents?

An interesting thread, because we're dealing with related issues. My elderly Dad (who lives several hours away) currently needs 24x7 care. My sister is mostly running the show and doesn't really listen to me. Not surprisingly, since she's the most responsible, skilled in these things, is retired, a...
by TN_Boy
Tue Sep 15, 2020 6:41 pm
Forum: Personal Consumer Issues
Topic: Caretaker for parents?
Replies: 46
Views: 3055

Re: Caretaker for parents?

A happy ending? Wow, that is rare! Lots of gloom and doom around this topic, with placement in a facility seen as a last resort. I haven't been through any of this, but as an outside observer, placing the person in a facility designed to deal with the problem seems like an obvious choice. Would you...
by TN_Boy
Tue Sep 15, 2020 11:49 am
Forum: Personal Investments
Topic: Anyone successfully living off dividends & interest?
Replies: 204
Views: 19791

Re: Anyone successfully living off dividends & interest?

Thus I said it uses "total return" and you are saying it's "total return accounting" and I confess to not understanding the subtle point you are making into how the studies should be considered :-). What the studies generally do not do is try and figure out what happened if you just withdrew divide...
by TN_Boy
Tue Sep 15, 2020 10:01 am
Forum: Personal Investments
Topic: Anyone successfully living off dividends & interest?
Replies: 204
Views: 19791

Re: Anyone successfully living off dividends & interest?

First, whether your portfolio is 100k or 10M, there are guidelines/strategies, etc on how much money you can pull from that portfolio without running out of money during retirement. Note that most/all of the safe withdrawal strategy rate (SWR) studies I've seen use a total return strategy when inve...
by TN_Boy
Tue Sep 15, 2020 9:19 am
Forum: Personal Consumer Issues
Topic: Retirement home Job opportunity for teenager / pros cons
Replies: 18
Views: 907

Re: Retirement home Job opportunity for teenager / pros cons

This is a great job and I recommend that your daughter gets this job. The world is full of risks, some worse than others. I see this as minimal risk as long as you don't give your daughter covid-19 because of your own risky behavior. There are so many positives to this job that risks pale in compar...
by TN_Boy
Tue Sep 15, 2020 9:06 am
Forum: Personal Consumer Issues
Topic: Caretaker for parents?
Replies: 46
Views: 3055

Re: Caretaker for parents?

You do not have the training to care for a person with dementia. You can forget about being paid by the insurance company, it will not happen. If your father has long term care insurance, you should find a dementia facility. Your father will be safer and will get the correct professional medical at...
by TN_Boy
Tue Sep 15, 2020 8:34 am
Forum: Personal Investments
Topic: Anyone successfully living off dividends & interest?
Replies: 204
Views: 19791

Re: Anyone successfully living off dividends & interest?

In retrospect, when you consider the title of the OP's thread: Anyone successfully living off dividends & interest [/i], it begs consideration of what the word successfully means innately. To me, in context, successfully, means I can live the life I desire from interest and dividends only, without ...
by TN_Boy
Tue Sep 15, 2020 8:28 am
Forum: Personal Investments
Topic: Anyone successfully living off dividends & interest?
Replies: 204
Views: 19791

Re: Anyone successfully living off dividends & interest?

I'm a few years out from retirement and am exploring a bunch of different portfolio strategies. I won't have enough money to just dump it in a bond fund (unless it's some volatile CEF) and "live off the interest" like our grandparents did. I've run the numbers every which way and in this low-intere...
by TN_Boy
Mon Sep 14, 2020 4:34 pm
Forum: Personal Consumer Issues
Topic: Caretaker for parents?
Replies: 46
Views: 3055

Re: Caretaker for parents?

Dear Bogleheads: Have any of you modified your work to care for another family member? Has anyone done it long term? I am considering helping my parents as my dad's Alzheimers progresses and my mom needs more and more help. They've made it clear that they don't even want to find help through their ...
by TN_Boy
Sat Sep 12, 2020 8:22 pm
Forum: Personal Investments
Topic: Anyone successfully living off dividends & interest?
Replies: 204
Views: 19791

Re: Anyone successfully living off dividends & interest?

We can differ whether that is part of what the OP is asking. It would be nice if the OP would come back and clarify. I think you want me to clarify what I mean by "income only?" Basically, a portfolio that puts capital preservation first and foremost -- and throws off enough income/dividends/intere...
by TN_Boy
Sat Sep 12, 2020 7:46 pm
Forum: Personal Investments
Topic: Anyone successfully living off dividends & interest?
Replies: 204
Views: 19791

Re: Anyone successfully living off dividends & interest?

What is your definition of capital preservation? I imagine you have in mind that the number of shares of whatever you are invested in is not reduced, presumably by selling. But the question is, what do you consider your situation to be if the number of shares is constant but the value of a share fa...
by TN_Boy
Sat Sep 12, 2020 2:03 pm
Forum: Personal Investments
Topic: Anyone successfully living off dividends & interest?
Replies: 204
Views: 19791

Re: Anyone successfully living off dividends & interest?

Not really; the OP asked anyone with a NON 8-figure portfolio actually create a stream of income that allows them to (1) meet all expenses and (2) keep up with inflation But you have not stated how to get a big stream of income from a stock and bond portfolio. FYI The quote you provided from the OP...
by TN_Boy
Sat Sep 12, 2020 11:17 am
Forum: Personal Investments
Topic: Anyone successfully living off dividends & interest?
Replies: 204
Views: 19791

Re: Anyone successfully living off dividends & interest?

Personally as an investor that has 7 figures in stocks and 7 figures in rental real estate I’m an outlier in forums like Bogleheads and BiggerPockets OP I wouldn’t listen to Bogleheads about real estate. They’re generally ignorant in that area (eg. “it’s a lot of work”, etc. I don’t even live in th...
by TN_Boy
Sat Sep 12, 2020 11:08 am
Forum: Personal Investments
Topic: Anyone successfully living off dividends & interest?
Replies: 204
Views: 19791

Re: Anyone successfully living off dividends & interest?

Not really; the OP asked anyone with a NON 8-figure portfolio actually create a stream of income that allows them to (1) meet all expenses and (2) keep up with inflation But you have not stated how to get a big stream of income from a stock and bond portfolio. FYI The quote you provided from the OP...
by TN_Boy
Sat Sep 12, 2020 9:35 am
Forum: Personal Investments
Topic: Anyone successfully living off dividends & interest?
Replies: 204
Views: 19791

Re: Anyone successfully living off dividends & interest?

This has concerned me as well. As does the lack of replies. As AlohaJoe pointed out, $2MM portfolio sheds $30k per year. How many folks have $2MM in retirement and unfortunately, $30k isn't that big of a number these days. I continue to search for other avenues of passive income but have yet to fin...
by TN_Boy
Sat Sep 12, 2020 9:14 am
Forum: Personal Finance (Not Investing)
Topic: Financial advisor
Replies: 45
Views: 4826

Re: Would you fire your financial advisor for this error?

My mother, a widowed retiree, has her investments managed by a relatively low cost advisor who uses index funds/passively managed ETFs. Although the advisor is mentioned only infrequently on this forum, I have not read anything bad about this advisor, who charges her about 50 basis points per year ...
by TN_Boy
Sat Sep 12, 2020 8:36 am
Forum: Personal Investments
Topic: Anyone successfully living off dividends & interest?
Replies: 204
Views: 19791

Re: Anyone successfully living off dividends & interest?

The problem that you are having is that you are thinking in terms of "living off income" and "not touching principal." I don't think it's necessarily a problem. It's more of a mindset. A business owner sells out and invests in stocks and bonds. He is exchanging one income producing asset (the forme...
by TN_Boy
Sat Sep 12, 2020 8:31 am
Forum: Personal Investments
Topic: Anyone successfully living off dividends & interest?
Replies: 204
Views: 19791

Re: Anyone successfully living off dividends & interest?

But just out of curiosity, anyone with a NON 8-figure portfolio actually create a stream of income that allows them to (1) meet all expenses and (2) keep up with inflation -- all without eating into principal or using capital gains for your withdrawal strategy? If so, how the heck did you do it? Ye...
by TN_Boy
Sat Sep 12, 2020 8:23 am
Forum: Personal Investments
Topic: Anyone successfully living off dividends & interest?
Replies: 204
Views: 19791

Re: Anyone successfully living off dividends & interest?

This has concerned me as well. As does the lack of replies. As AlohaJoe pointed out, $2MM portfolio sheds $30k per year. How many folks have $2MM in retirement and unfortunately, $30k isn't that big of a number these days. I continue to search for other avenues of passive income but have yet to fin...
by TN_Boy
Fri Sep 11, 2020 6:58 am
Forum: Personal Consumer Issues
Topic: Do you have a lot of "actions" in your retirement life?
Replies: 68
Views: 7863

Re: Do you have a lot of "actions" in your retirement life?

For some reason, people equating their lives under COVID to what their retirement life will be like is a canard that keeps coming up in the forums. Life under COVID is limited and challenging. Life in retirement, especially early retirement, is very much a year round version of summer vacation. If ...
by TN_Boy
Thu Sep 10, 2020 7:25 pm
Forum: Personal Finance (Not Investing)
Topic: How to stop judging how other people spend/invest
Replies: 76
Views: 4803

Re: How to stop judging how other people spend/invest

All, Now that I've been implementing a Dave Ramsey/BogleHead/Index Only/Cash Only/No Debt lifestyle, I have a hard time with judging how others (family, friends, etc.) spend their money. I know it's not my money/doesn't affect me rationally, but when a friend casually mentions how they are going to...
by TN_Boy
Thu Sep 10, 2020 7:32 am
Forum: Personal Investments
Topic: Is IUSB still suitable for my main bond holding?
Replies: 6
Views: 459

Re: Is IUSB still suitable for my main bond holding?

Based on advice I received from a user here, I went with IUSB over something like AGG or BND for my main bond holdings, because it adds a "non-rated" (junk-ish) segment and offers a higher yield. I'd just like to get people's view on whether this is still an acceptable strategy today, or if they th...
by TN_Boy
Thu Sep 10, 2020 7:27 am
Forum: Personal Investments
Topic: Is IUSB still suitable for my main bond holding?
Replies: 6
Views: 459

Re: Is IUSB still suitable for my main bond holding?

Executive summary: yes. My reasons for saying that is that there actually isn't much difference between the traditional Bloomberg Barclay's Aggregate Index and the Universal index tracked by IUSB, so it's almost impossible that one could be suitable and the other unsuitable. And there wouldn't be a...
by TN_Boy
Wed Sep 09, 2020 9:15 pm
Forum: Personal Finance (Not Investing)
Topic: Continuing Care Retirement Community Entrance Fee
Replies: 106
Views: 7378

Re: Continuing Care Retirement Community Entrance Fee

Another issue to consider with the CCRC's is nursing care and Medicare compatibility. I managed the affairs of an elderly relative who was moved from the hospital to a nursing home after a stroke. The relative's Medicare policy was linked to an HMO. The HMO had a list of nursing facilities they wor...
by TN_Boy
Wed Sep 09, 2020 12:45 pm
Forum: Personal Consumer Issues
Topic: Online Ammo purchase recommendation
Replies: 53
Views: 5395

Re: Online Ammo purchase recommendation

What on earth are you people going to do with all this ammo? The short answer is "shoot it" but I'll give a longer answer that applies to many people. Suppose, for example, you shoot competitively, whether some of the accuracy focused events or "combat style" events. How many rounds does that take?...
by TN_Boy
Mon Sep 07, 2020 6:29 pm
Forum: Personal Finance (Not Investing)
Topic: Continuing Care Retirement Community Entrance Fee
Replies: 106
Views: 7378

Re: Continuing Care Retirement Community Entrance Fee

Our visit was well before COVID19, so it may be very different now. It has certainly shown that many elderly people living in very close proximity to each other carries its own risks. Conversely, in many places, the only “company” many older citizens are getting these days are the co-residents of f...
by TN_Boy
Sun Sep 06, 2020 3:48 pm
Forum: Personal Finance (Not Investing)
Topic: Continuing Care Retirement Community Entrance Fee
Replies: 106
Views: 7378

Re: Continuing Care Retirement Community Entrance Fee

My biggest concern is that if one of us should need the next level of care, that we are not guaranteed that level of care, we would just have "priority" if an opening comes up. My good friend's mom lived in our local CCRC, and when she needed skilled nursing care, it wasn't available! The CCRC made...
by TN_Boy
Sat Sep 05, 2020 11:31 am
Forum: Investing - Theory, News & General
Topic: Moving my wife's investments to Schwab?
Replies: 64
Views: 4278

Re: Moving my wife's investments to Schwab?

A couple of others have also posted about relatives helping etc and proximity is not a major issue. Based on what you say, it seems to me that your wife needs a complete financial manager on a routine basis (family or not) when you are no longer able to do it. Her mobility is less important than he...