Search found 185 matches

by WillRetire
Sat Aug 17, 2019 4:24 pm
Forum: Investing - Theory, News & General
Topic: Why Zero (or Negative) Interest Rates Could Someday Make Sense
Replies: 92
Views: 6482

Re: Why Zero (or Negative) Interest Rates Could Someday Make Sense

Thank you, SimpleGift, for posting some well-researched reasons why negative rates could make sense anywhere, and here in the U.S. What actions can investors take to diversify their portfolios in advance of this occurring in the U.S.? Purchase an SPIA if in retirement now? Or a deferred fixed annuit...
by WillRetire
Fri Aug 09, 2019 8:05 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage for Retirees
Replies: 28
Views: 2348

Re: Mortgage for Retirees

Margin loan is an option for some. And if it is, it might be a better option. No closing costs, no payments required (if you maintain maintenance margin), no income required, and the interest rate can be better. Plus the lending standards are as loose as a 2005 Miami, FL no doc loan. You will proba...
by WillRetire
Fri Aug 02, 2019 3:26 pm
Forum: Investing - Theory, News & General
Topic: Will you buy Total Bond with a negative yield?
Replies: 109
Views: 11248

Re: Will you buy Total Bond with a negative yield?

I would not knowingly buy bonds at a negative rate. If U.S. bonds go negative, hopefully there will still be places to store cash at 0%. Negative interest rates occurring as it does today in countries with positive inflation baffles me. Deflation does worry me. It is prudent to buy I-Bonds or annuit...
by WillRetire
Fri Aug 02, 2019 8:26 am
Forum: Personal Finance (Not Investing)
Topic: Health insurance for non-working in laws
Replies: 15
Views: 1487

Re: Health insurance for non-working in laws

Thank you both for responding.. I went through the above website mentioned by Trader Joe, but was confused about the House hold income. Should we consider our income (mine and wife) when we are determining my in-laws household income, since we all will be living under the same roof?. Household inco...
by WillRetire
Fri Jul 26, 2019 2:56 pm
Forum: Personal Consumer Issues
Topic: Audible audio books
Replies: 14
Views: 833

Re: Audible audio books

I don't use Audible, but I do borrow free audio books from my local library via various apps: Hoopla, Libby, OverDrive are 3 apps that my local library supports. Through those apps, I browse and check-out audio books. The list of supported apps varies with the city/town library system. Local librari...
by WillRetire
Thu Jul 25, 2019 7:20 am
Forum: Personal Finance (Not Investing)
Topic: Update with Part 2: What would it take for you, the non-landlord, passive-investor, to become a landlord?
Replies: 57
Views: 4261

Re: What would it take for you, the non-landlord, passive-investor, to become a landlord?

It would take being born a different person, and raised with years of construction & home repair hands-on experience to develop the confidence to own rental real estate. Oh, and a vast portfolio of non-real estate assets that would dwarf the real estate under management portfolio, plus a trusted fam...
by WillRetire
Sun Jul 21, 2019 7:56 am
Forum: Personal Finance (Not Investing)
Topic: Should relative incomes be a factor in wedding gift?
Replies: 107
Views: 6534

Re: Should relative incomes be a factor in wedding gift?

Base your gift on your means and your affection for the couple getting married. You do NOT need to compensate for the wedding or reception cost. And there is no $ gift minimum. Also, read these FAQs from Emily Post: https://emilypost.com/advice/choosing-a-wedding-gift/ ETA: The above is for weddings...
by WillRetire
Mon Jul 15, 2019 2:39 pm
Forum: Personal Finance (Not Investing)
Topic: House not appraising for amount we were offered!
Replies: 137
Views: 13902

Re: House not appraising for amount we were offered!

Appraisals are based on the reported sale prices of comparable properties. In a rising market an MAI appraisal will always be low since prices have been rising since the dates of the older sales used as comps. Same thing in reverse in a falling market. since most buyers will include a financing con...
by WillRetire
Sat Jul 06, 2019 11:33 am
Forum: Personal Consumer Issues
Topic: How to find senior living options?
Replies: 19
Views: 1949

Re: How to find senior living options?

Not counting 55+ communities which don't typically provide any care but are age restricted for purposes of municipal planning, there are 3-4 tiers of senior living & care: Lowest level, least amount of care = Independent Living Middle level = Assisted Living Highest level of care = Skilled Nursing a...
by WillRetire
Wed Jul 03, 2019 8:39 am
Forum: Personal Finance (Not Investing)
Topic: Healthcare Nightmare after wife's surgery
Replies: 84
Views: 7518

Re: Healthcare Nightmare after wife's surgery

... The burnout rate among doctors is 40-55% depending on specialty. I meet doctors EVERY SINGLE DAY who are leaving medicine in order to do some non-clinical thing. Maybe chart review. Maybe doing medicolegal work. Maybe doing real estate. Maybe just retiring early and counting their VTI dividends...
by WillRetire
Wed Jun 19, 2019 1:51 pm
Forum: Personal Finance (Not Investing)
Topic: How to ensure POA is acting in best interest of grantor?
Replies: 65
Views: 3924

Re: How to ensure POA is acting in best interest of grantor?

Contacting an elder law attorney is about all you can do legally (and you have done that). Please share what happens next, as this is a situation many face. Have you asked your sister directly about specific vacation expenses? If not, see what the attorney says about doing so (since you contacted on...
by WillRetire
Tue Jun 18, 2019 2:28 pm
Forum: Personal Finance (Not Investing)
Topic: Waiting to prepay mortgage until you can pay the whole thing off?
Replies: 28
Views: 3395

Re: Waiting to prepay mortgage until you can pay the whole thing off?

I agree with OPs assessment and am a proponent of that strategy. There is no free lunch. You can invest your excess cash flow and try to beat your mortgage interest rate with your investments. Maybe you will maybe you won’t. But there is also risk that by prepaying your mortgage you have no liquidi...
by WillRetire
Tue Jun 18, 2019 8:21 am
Forum: Personal Consumer Issues
Topic: wood floors and general cleaning: steam?
Replies: 29
Views: 2166

Re: wood floors and general cleaning: steam?

Curious about the OP's comment: "Time is precious here" In what way? Meaning you need an answer ASAP? Or is time precious in the sense that the cleaning routine must be quick? Agree with all comments warning against heat/steam or excessive water. If there is a polyurethane type coating on the floor,...
by WillRetire
Mon Jun 17, 2019 10:53 am
Forum: Personal Investments
Topic: Advice for young married couples: PLEASE HELP!
Replies: 49
Views: 4201

Re: Advice for young married couples: PLEASE HELP!

Have the couples do a working session where they create a budget, and also calculate amounts saved and invested over time.

Then the first child arrives... how does the budget change?
by WillRetire
Mon Jun 17, 2019 10:47 am
Forum: Personal Investments
Topic: Advice for young married couples: PLEASE HELP!
Replies: 49
Views: 4201

Re: Advice for young married couples: PLEASE HELP!

Hi, OP. I am interested in what you think about shared financial decision making. In particular, what happens if one spouse wants to make a financial purchase, but it is opposed by the other spouse? Let's say I want to buy a new car and believe it is necessary. However, wife thinks I do not need to...
by WillRetire
Mon Jun 17, 2019 8:53 am
Forum: Investing - Theory, News & General
Topic: So much for financial predictions, eh?
Replies: 46
Views: 4786

Re: So much for financial predictions, eh?

Tycoon wrote:
Mon Jun 17, 2019 8:19 am
Duh...
Care to elaborate?
by WillRetire
Mon Jun 17, 2019 8:11 am
Forum: Investing - Theory, News & General
Topic: So much for financial predictions, eh?
Replies: 46
Views: 4786

Re: So much for financial predictions, eh?

Robert Kessler is occasionally a guest on WealthTrack (most recently 3/29/19), and his perspective is always original, thoughtful and therefore interesting. He doesn't push predictions of 10-year treasury rates but he does believe that world-wide growth will be low and slow, and rates could very wel...
by WillRetire
Sun Jun 16, 2019 8:45 am
Forum: Personal Consumer Issues
Topic: Health insurance cost containment company
Replies: 27
Views: 2246

Re: Health insurance cost containment company

A phone call to Accent in which you ask the questions is fine, but as for you providing information to them a 3rd party which you have no direct relationship with, I suggest doing 2 things instead: 1) Call Cigna back and ask them to confirm that Accent is authorized by Cigna to question you on this ...
by WillRetire
Wed Jun 12, 2019 12:27 pm
Forum: Personal Finance (Not Investing)
Topic: Share financial info with family?
Replies: 26
Views: 3000

Re: Share financial info with family?

We share nothing now, except: Where to find our wills & instructions. Instructions include list of assets, accounts & phone numbers. See no reason to share the details now. Just where to find them. With advancing age, will consider giving a family member "view" access to some accounts, as a 2nd pair...
by WillRetire
Tue Jun 11, 2019 11:23 am
Forum: Personal Consumer Issues
Topic: Tips for new pet owner [puppy]
Replies: 71
Views: 4239

Re: Tips for new pet owner

Have owned multiple dogs over the past 20 years since I left college. None of them have ever cost us anything significant enough out of pocket to even make them noticeable in our budget, even when our income was quite low. You can spend as much or as little as you like. We have had vets that seem t...
by WillRetire
Tue Jun 11, 2019 11:20 am
Forum: Personal Consumer Issues
Topic: Tips for new pet owner [puppy]
Replies: 71
Views: 4239

Re: Tips for new pet owner

Another point: Dogs eat stuff they shouldn't. Sometimes it leads to problems. Can be expensive to treat, and sometimes the treatment is necessary to save their lives.
by WillRetire
Tue Jun 11, 2019 11:14 am
Forum: Personal Consumer Issues
Topic: Tips for new pet owner [puppy]
Replies: 71
Views: 4239

Re: Tips for new pet owner

OP: Feed quality food as recommended by breeder and the vet. As with humans, healthy & high quality food makes a difference in the health of an animal. Clean their teeth regularly, too, which will avoid costly dental cleaning procedures that require anesthesia. Pets can be expensive. Between food & ...
by WillRetire
Mon Jun 10, 2019 9:33 pm
Forum: Investing - Theory, News & General
Topic: The impact of Baby Boomers on the Future of U.S. Stocks
Replies: 41
Views: 5504

Re: The impact of Baby Boomers on the Future of U.S. Stocks

Aging populations are a concern to many, including "G20 finance ministers and central bank chiefs", according to this article published today https://www.breitbart.com/news/in-historic-first-g20-weighs-ageing-as-global-risk-2/ and similar https://www.france24.com/en/20190609-historic-first-g20-weigh...
by WillRetire
Thu Jun 06, 2019 8:13 am
Forum: Investing - Theory, News & General
Topic: US stocks still look better than anywhere else
Replies: 100
Views: 8107

Re: US stocks still look better than anywhere else

I would believe that headline *IF* I believed that it is wise to invest in markets that have performed outstandingly well over the past 10 years, and avoid those that didn't. I don't believe that, so, I will stay the course... stick with carefully considered AA with a designated % in foreign markets...
by WillRetire
Fri May 31, 2019 9:09 am
Forum: Personal Finance (Not Investing)
Topic: Auto insurance - how much "medical expense benefits"?
Replies: 13
Views: 1046

Re: Auto insurance - how much "medical expense benefits"?

We dropped it recently. Once we understood that it paid only deductibles & copays, realized it wasn't worth it. Medical costs being what they are today (very high), I am confident non-medicare medical insurance policy's out-of-pocket max would be exceeded if involved in a serious accident. Therefore...
by WillRetire
Wed May 29, 2019 3:47 pm
Forum: Investing - Theory, News & General
Topic: Do you have an allocation more conservative than 50/50 ?? What is it? Why? How Bogleheads are getting it done.
Replies: 135
Views: 12794

Re: Do you have an allocation more conservative than 50/50 ?? What is it? Why?

Sandtrap: Please don't keep us in suspense any longer... ...Why did you start this polling-style thread? And what will you do differently as a result of reading all of our answers? Time for us to learn from you. :happy That is an excellent question. There are tons of threads, perhaps disproportiona...
by WillRetire
Wed May 29, 2019 1:53 pm
Forum: Investing - Theory, News & General
Topic: Do you have an allocation more conservative than 50/50 ?? What is it? Why? How Bogleheads are getting it done.
Replies: 135
Views: 12794

Re: Do you have an allocation more conservative than 50/50 ?? What is it? Why?

Sandtrap: Please don't keep us in suspense any longer...

...Why did you start this polling-style thread? And what will you do differently as a result of reading all of our answers?

Time for us to learn from you. :happy
by WillRetire
Wed May 29, 2019 8:20 am
Forum: Investing - Theory, News & General
Topic: USAA getting out of mutual fund biz
Replies: 51
Views: 9212

Re: USAA getting out of mutual fund biz

Letter from USAA dated May 20, 2019: "As we prepare for the transition with Victory Capital, the Transfer Funds capability on usaa.com and mobile will no longer be available for mutual fund accounts ." So those who link their money market account (MMF) to their checking account are out of luck. Let...
by WillRetire
Tue May 28, 2019 12:32 pm
Forum: Investing - Theory, News & General
Topic: Do you have an allocation more conservative than 50/50 ?? What is it? Why? How Bogleheads are getting it done.
Replies: 135
Views: 12794

Re: Do you have an allocation more conservative than 50/50 ?? What is it? Why?

40/60 Why? Because 50/50 is more risk than we want without much more return; Also, 40/60 "works" in the plan, as does 30/70. Rick Ferri suggests 30/70 for most retirees, and so we considered that, but felt 30/70 was too pessimistic. We are comfortable with 40/60. When the market corrects, we wish it...
by WillRetire
Mon May 27, 2019 10:57 am
Forum: Personal Finance (Not Investing)
Topic: House not selling
Replies: 138
Views: 11612

Re: House not selling

What exactly do you mean by the statement that the "walls are (were) worn out" ? What comes to mind is: banged up woodwork, gouges or cracks in sheetrock. What does NOT come to mind is scuffed paint. Other factors that make one house less attractive than another in the same neighborhood are as foll...
by WillRetire
Mon May 27, 2019 8:32 am
Forum: Personal Finance (Not Investing)
Topic: House not selling
Replies: 138
Views: 11612

Re: House not selling

What exactly do you mean by the statement that the "walls are (were) worn out" ? What comes to mind is: banged up woodwork, gouges or cracks in sheetrock. What does NOT come to mind is scuffed paint. Other factors that make one house less attractive than another in the same neighborhood are as follo...
by WillRetire
Thu May 23, 2019 11:39 am
Forum: Personal Finance (Not Investing)
Topic: Opening a Pediatric practice as a Pediatric Nurse Practitioner
Replies: 66
Views: 4893

Re: Opening a Pediatric practice as a Pediatric Nurse Practitioner

OP: Consider that the trend since ACA became law is for small practices to join larger ones in order to deal with increased administrative costs. Also consider that unless you are in-network with popular insurance plans, your clientele will be limited. Most of the phone calls to your office will be ...
by WillRetire
Tue May 21, 2019 11:28 am
Forum: Personal Finance (Not Investing)
Topic: Should I encourage my kids to work in high school/college?
Replies: 224
Views: 13943

Re: Should I encourage my kids to work in high school/college?

Yes to working part-time while in high school, plus summers. The experience is a great motivator to plan for a career in something... anything... because if a young adult does not learn to strive at that age, he/she may not understand the value of a career, and then the first job at age 18-21 will b...
by WillRetire
Mon May 20, 2019 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage in Retirement
Replies: 73
Views: 5866

Re: Mortgage in Retirement

A mortgage is a cash management tool, provided it is at a good interest rate and the principal not too large that you couldn't pay it off. If interest rates drop drastically, or if there is a sustained deflationary period, then I'd pay it off. Once retired, consider that you may not qualify for anot...
by WillRetire
Mon May 20, 2019 9:14 am
Forum: Personal Investments
Topic: VASIX or VWINX for emergency savings: crazy?
Replies: 26
Views: 2604

Re: VASIX or VWINX for emergency savings: crazy?

Look at how much those funds dropped during past market crashes... >20% If that doesn't bother you, then fine, but don't call it an emergency fund. You can treat any and all holdings in your portfolio as withdrawal candidates in the case of an emergency. Nothing wrong with 2% give-or-take in a money...
by WillRetire
Mon May 20, 2019 8:59 am
Forum: Personal Consumer Issues
Topic: Dealing with construction noise
Replies: 27
Views: 1812

Re: Dealing with construction noise

What about sound-proofing just the room that is your home office? Construction generally starts after 7:00AM and ends before 5:00PM.
by WillRetire
Sat May 18, 2019 4:30 pm
Forum: Personal Consumer Issues
Topic: How do I prevent yellow underarm stains on my white shirts?
Replies: 24
Views: 3408

Re: How do I prevent yellow underarm stains on my white shirts?

On a weekday, if you have time, call the 800 phone number on the antiperspirant bottle, and ask for tips to prevent & remove underarm shirt stains. yellow may indicate excess perspiration, whereas grey may indicate excess product. If the stains have been there a long time, they might not come out. T...
by WillRetire
Thu May 16, 2019 8:24 am
Forum: Personal Investments
Topic: Does your retirement plan work if stocks are flat or in decline for decades?
Replies: 180
Views: 11066

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

In answer to the original question: Probably My retirement plan is modeled in a spreadsheet, and I test it under different scenarios. If one or 2 really bad things happen, the plan survives, meaning I don't run out of money. If a lot of bad things happen over a long period, then no, unless/until spe...
by WillRetire
Thu May 09, 2019 4:26 pm
Forum: Personal Investments
Topic: Lower risk is in my plan but I just can't!
Replies: 52
Views: 4327

Re: Lower risk is in my plan but I just can't!

OP: If you still believe in your plan, focus on the percentages (%) of the different asset classes as goals and ignore the total amounts. That advice helps me (gives me courage!) to rebalance. It may also help you execute your AA change plan. Whereas staring(!) at the lovely totals of a successful s...
by WillRetire
Thu May 09, 2019 4:09 pm
Forum: Personal Finance (Not Investing)
Topic: Why is Social Security pushing retroactive benefits?
Replies: 32
Views: 3880

Re: Why is Social Security pushing retroactive benefits?

Several years ago, a family member initiated Soc. Security benefits well after FRA. This led to a phone call from SSA in which the rep offered several options: start benefits now as requested, start 6 months retroactively, or start 12 months retroactively. (There were other options as well; the rep ...
by WillRetire
Mon May 06, 2019 11:57 am
Forum: Personal Consumer Issues
Topic: Lawn experts? - roots showing up above ground
Replies: 9
Views: 1338

Re: Lawn experts? - roots showing up above ground

OP: You want advice from a tree expert first, not from a lawn expert. A tree expert can tell you if this is normal for that type of tree. And secondly, what if anything you can do about it. Anecdotal experience: We had a silver maple whose roots were raised across a large area of our backyard. A tre...
by WillRetire
Thu May 02, 2019 10:15 am
Forum: Investing - Theory, News & General
Topic: "10 year bull market": By what measure?
Replies: 22
Views: 2106

Re: "10 year bull market": By what measure?

The consensus response seems to be: A bull market is one that has not had a 20% or greater decline. The S&P 500 index has indeed not had a 20% or greater decline in the past 10+ years. It came close on Dec 24, 2018. *The S&P 500 index closing high up through year end 2018 was: 2930.75 on 9/20/2018 T...
by WillRetire
Wed May 01, 2019 4:14 pm
Forum: Investing - Theory, News & General
Topic: "10 year bull market": By what measure?
Replies: 22
Views: 2106

"10 year bull market": By what measure?

Financial news sites and shows often mention that we are currently in a 10 year bull market. What measure and index are the basis for that assertion? I ask this because my stock holdings & stock funds have not had positive returns in each of the past 10 years. Sure, some years since 2009 have been t...
by WillRetire
Tue Apr 30, 2019 7:12 pm
Forum: Personal Investments
Topic: Any reason not to move my 401k to an IRA?
Replies: 6
Views: 626

Re: Any reason not to move my 401k to an IRA?

Reason(s) not to: (1) Additional benefits offered by your 401k, like planning tools, low-cost income (annuity) solutions down-the-road. Make sure you read your plan documentation to see what you are giving up. (2) Great selection of low-cost funds (if that applies to your current 401k plan). (3) Pro...
by WillRetire
Sun Apr 28, 2019 9:27 am
Forum: Personal Finance (Not Investing)
Topic: How to define wealth
Replies: 51
Views: 4973

Re: How to define wealth

Wealthy = being happy with what you have. I know people who have high net worth but it isn't enough for them. To me, if you have high net worth but are unhappy, you are still wealthy. I think wealth is a financial measure, not a measure of happiness. Yes, but more precisely, wealth is a financial m...
by WillRetire
Sat Apr 27, 2019 12:26 pm
Forum: Personal Finance (Not Investing)
Topic: How to define wealth
Replies: 51
Views: 4973

Re: How to define wealth

Wealthy = being happy with what you have.

I know people who have high net worth but it isn't enough for them.
by WillRetire
Tue Apr 23, 2019 4:30 pm
Forum: Investing - Theory, News & General
Topic: AA Question: How to represent cash in allocation
Replies: 13
Views: 835

Re: AA Question: How to represent cash in allocation

OP: Count cash in with the bonds, not with the equities. So 40/60 = 40% equities, 60% bonds including cash. Some (David Swensen for one) recommend tracking % riskless as part of overall AA. Riskless = cash and other assets that cannot go down in value.
by WillRetire
Sun Apr 21, 2019 9:24 am
Forum: Personal Consumer Issues
Topic: Getting rid of spam
Replies: 22
Views: 1548

Re: Getting rid of spam

Also experiencing sudden & dramatic increase in spam starting earlier this year, some of it quite disgusting. I blame the email provider for allowing it through. No one should have to see this garbage. Suspect the email provider sold addresses. Might switch email providers, though that takes a bit o...
by WillRetire
Sun Apr 14, 2019 10:30 am
Forum: Personal Investments
Topic: High Federal Taxes this year: Tips on reducing taxes, particularly of short-term investments
Replies: 52
Views: 4643

Re: High Federal Taxes this year: Tips on reducing taxes, particularly of short-term investments

I just switch some taxable investment to tax-free municipal bonds. You might also consider Municipal Money Market Funds. https://investor.vanguard.com/mutual-funds/profile/VMSXX https://fundresearch.fidelity.com/mutual-funds/summary/316048107 As far as tax withholding, you might need to adjust your...