Search found 827 matches

by TN_Boy
Sun Jun 16, 2019 2:13 pm
Forum: Investing - Theory, News & General
Topic: So much for financial predictions, eh?
Replies: 18
Views: 1844

Re: So much for financial predictions, eh?

CU Later: Great post. Thank you. Nobody knows nothing - John Bogle Solution: Own the market and stay-the-course. Best wishes. Taylor In this case, the prediction was about bonds. Plenty of Bogleheads were encouraging folks to go shorter in their bond holdings. Because “rates have nowhere to go but ...
by TN_Boy
Sat Jun 15, 2019 10:31 pm
Forum: Personal Finance (Not Investing)
Topic: Compound interest for 10% interest rate?
Replies: 27
Views: 2494

Re: Compound interest for 10% interest rate?

I'm wondering if you could share with us what investment pays a guaranteed 10% annualized return that requires you holding an investment for 32 days at a time? some banks over seas. here is one; https://www.garantibbva.com.tr/en I know US citizens (living overseas at the time) who lost serious mone...
by TN_Boy
Mon Jun 10, 2019 11:58 am
Forum: Personal Consumer Issues
Topic: How to get good at a racket sport without coaching?
Replies: 43
Views: 1279

Re: How to get good at a racket sport without coaching?

Actually, I'm a little surprised by your reluctance to play better players. I don't like getting demolished and feeling frustrated.. Also good players are rare. They are not dime a dozen. And they have the same misconceptions that playing weaker players will ruin their game.. So even if I wanted to...
by TN_Boy
Mon Jun 10, 2019 7:14 am
Forum: Personal Consumer Issues
Topic: Do you drive old cars for long distance travels?
Replies: 105
Views: 6945

Re: Do you drive old cars for long distance travels?

If your car is at least 10 years old and with 100k miles, do you still use it for long distance travels (more than 5 hours of driving)? I'm in the camp that believes a modern well-maintained car isn't all that "old" with 100k miles. So yeah, my spouse and I have both driven cars with over 100k mile...
by TN_Boy
Sun Jun 09, 2019 6:53 pm
Forum: Personal Consumer Issues
Topic: Panasonic LUMIX DSC-FZ35 camera.
Replies: 34
Views: 1814

Re: Panasonic LUMIX DSC-FZ35 camera.

bunch of stuff deleted However, for "Dottie", a Canon SX series superzoom to shoot hummingbirds and fuzzy critters represents the best value and performance per that dollar range. (the nikon is a lot more $$ and the Sony is also a lot more $$ and less range, amongst the superzooms) And, image quali...
by TN_Boy
Sun Jun 09, 2019 6:21 pm
Forum: Personal Consumer Issues
Topic: Panasonic LUMIX DSC-FZ35 camera.
Replies: 34
Views: 1814

Re: Panasonic LUMIX DSC-FZ35 camera.

"dottie" Here's a link to the used and refurb for the Canon SX60 superzoom. I had one and it is excellent for birding and fuzzy thinging. At Amazon.com https://smile.amazon.com/gp/offer-listing/B00NEWZ8EY/ref=dp_olp_all_mbc?ie=UTF8&condition=all Note: Photographic image capture and quality has more...
by TN_Boy
Sun Jun 09, 2019 2:54 pm
Forum: Personal Consumer Issues
Topic: Panasonic LUMIX DSC-FZ35 camera.
Replies: 34
Views: 1814

Re: Panasonic LUMIX DSC-FZ35 camera.

"dottie" Here's a link to the used and refurb for the Canon SX60 superzoom. I had one and it is excellent for birding and fuzzy thinging. At Amazon.com https://smile.amazon.com/gp/offer-listing/B00NEWZ8EY/ref=dp_olp_all_mbc?ie=UTF8&condition=all Note: Photographic image capture and quality has more...
by TN_Boy
Tue Jun 04, 2019 7:22 pm
Forum: Personal Consumer Issues
Topic: Walking Cities, potential for retirees
Replies: 91
Views: 6981

Re: Walking Cities, potential for retirees

There is a website for that: https://www.walkscore.com/cities-and-neighborhoods/ When I typed in my address, the score was 86. I agree because there are many places I can walk to if I choose. +1 on walkscore Here are some Southern cities I love whose inner neighborhoods are quite walkable and are i...
by TN_Boy
Mon Jun 03, 2019 8:30 pm
Forum: Investing - Theory, News & General
Topic: Convince me to sell ESPP / Company Stock
Replies: 22
Views: 1125

Re: Convince me to sell ESPP / Company Stock

I know the standard practice. Sell ESPP / company stock. You don't want your employment to be too correlated to your investment. What if you are working for a megacorp that you believe really has a long term future? Is it ok to hold on to company stock? The way I am thinking is maintaining a weight...
by TN_Boy
Mon Jun 03, 2019 12:29 pm
Forum: Personal Consumer Issues
Topic: Autos and transportation near retirement
Replies: 33
Views: 2062

Re: Autos and transportation near retirement

No thanks. The reality is everybody is different and not all of us *like* cities, or *want* to live right on top of our neighbors. I like to go into my backyard and see nothing but trees, hear nothing but birds. On weekends we like to go to place far away in nature, and last time I checked I cant g...
by TN_Boy
Sun Jun 02, 2019 5:23 pm
Forum: Personal Finance (Not Investing)
Topic: Older retirees: Are your expenses lower now than in early retirement?
Replies: 49
Views: 6209

Re: Older retirees: Are your expenses lower now than in early retirement?

Since my last post, I looked at copies my budgets for the years since retirement. The year to year increase in "budget totals" has increased about $500 per year on average or recently 7%. I do not compare actual expenses against budgeted amounts for each category so I cannot say whether or not I am...
by TN_Boy
Sun Jun 02, 2019 5:19 pm
Forum: Personal Consumer Issues
Topic: Getting out of timeshare
Replies: 13
Views: 2505

Re: Getting out of timeshare

Dave Ramsey advertises / partners with “time share exit team.” I would NOT go this route. They charge exorbitant fees with no guarantee to get rid of your timeshare. The OP would do better giving it away. You don't understand :happy. The problem is that often you literally can't even give them away...
by TN_Boy
Sun Jun 02, 2019 11:41 am
Forum: Personal Finance (Not Investing)
Topic: Older retirees: Are your expenses lower now than in early retirement?
Replies: 49
Views: 6209

Re: Older retirees: Do you have lower expenses now than you did in early retirement?

Ben - I am not able to answer all your questions because of our particular situation. I retired at the normal age of 65 and am now getting ready to turn 82 and my wife 84. We are drawing our social security benefits, I have a military pension, and we are taking RMDs from our traditional IRAs each y...
by TN_Boy
Sat Jun 01, 2019 1:46 pm
Forum: Personal Consumer Issues
Topic: Autos and transportation near retirement
Replies: 33
Views: 2062

Re: Autos and transportation near retirement

Any advice? What do you do for near or in retirement transportation? How do you decide when to buy and what to buy? What do you value in a car and why? Move to a walkable neighborhood, one you'd be fine getting around in till you are 120. Cars are best rented, not owned. Running errands with a car ...
by TN_Boy
Sat Jun 01, 2019 1:30 pm
Forum: Personal Consumer Issues
Topic: What to do with a 24" analog CRT TV?
Replies: 56
Views: 2954

Re: What to do with a 24" analog CRT TV?

Checking back in to avoid being a hit-and-run poster. I haven't done anything with the TV yet because I'm not moving until mid-July. My town recycles electronic waste, but CRT TV's are not free to recycle. The fee is probably nominal, but my sense is that I could find a way to give it away without ...
by TN_Boy
Wed May 15, 2019 5:23 pm
Forum: Personal Consumer Issues
Topic: Police and Troopers fund.
Replies: 77
Views: 3157

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: 1514

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: 10456

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: 711

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: 7660

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: 7660

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: 4973

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: 4973

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: 4973

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: 4973

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: 4973

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: 4973

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: 4973

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: 3166

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: 4548

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: 14538

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: 14538

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: 14538

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: 4548

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: 14538

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: 14538

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: 14538

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: 4548

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: 14538

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: 14538

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: 14538

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: 14538

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: 14538

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: 14538

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: 14538

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: 14538

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: 14538

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: 14538

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: 14538

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: 14538

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...