Search found 85 matches

by Mickey7
Mon Dec 10, 2018 10:24 pm
Forum: Personal Consumer Issues
Topic: To each his own ( I guess ) [Opinions of traveling in retirement]
Replies: 109
Views: 7699

Re: To each his own ( I guess ) [Opinions of traveling in retirement]

Your subject title says it all, "To each his own."

--- Nothing else matters.
by Mickey7
Fri Dec 07, 2018 8:03 pm
Forum: Investing - Theory, News & General
Topic: Anybody Miss the Crypto Rage on BH Forums
Replies: 96
Views: 6943

Re: Anybody Miss the Crypto Rage on BH Forums

Wow from Crypto to marijuana, what a choice! Do I want my money to go gown the drain or u[ in smoke? BTW I wouldn't even touch the guano!

:D
by Mickey7
Thu Dec 06, 2018 8:16 pm
Forum: Investing - Help with Personal Investments
Topic: Young and Dumb--wanting to start investing
Replies: 14
Views: 1371

Re: Young and Dumb--wanting to start investing

Welcome to the forum Madison2017 You are quite correct in your belief that a RothIRA should be a good place for your first contribution. Others have already listed good funds to receive your initial contributions such as Life Strategy. Targetdate or Star to begin. Do take the time to read over the p...
by Mickey7
Sun Dec 02, 2018 2:04 am
Forum: Investing - Help with Personal Investments
Topic: Saving for Retirement when one has a Pension
Replies: 60
Views: 5764

Re: Saving for Retirement when one has a Pension

Hopefully everyone here who are trying to figure their percentage of their pension vs. their salary are subtracting their monthly salary contributions plus their 403b, 457, Roth, state retirement and HSA contributions in their calculations. Example say I want to use my current salary of $95,000 as a...
by Mickey7
Wed Nov 28, 2018 8:17 pm
Forum: Investing - Help with Personal Investments
Topic: How to rebalance?
Replies: 7
Views: 703

Re: How to rebalance?

Welcome to the forums! I rebalance with new contributions. If you have a few more years to go to retirement but want to boost your bond holdings, you could always put 100% of your contributions to bonds until you hit your desired asset allocation. Or if you have tax-advantaged accounts, you can sel...
by Mickey7
Sun Nov 25, 2018 11:14 pm
Forum: Personal Finance (Not Investing)
Topic: SS and WEP [Social Security and Windfall Elimination Provision]
Replies: 15
Views: 1041

Re: SS and WEP

Good planning if you are already looking into the effects of WEP and GPO. Since you have determined that the pension is better, then encourage your wife to continue working in the pension system rather than a job with social security. +1 In doing your research early you will have removed a big prob...
by Mickey7
Sun Nov 25, 2018 7:51 pm
Forum: Personal Finance (Not Investing)
Topic: SS and WEP [Social Security and Windfall Elimination Provision]
Replies: 15
Views: 1041

Re: SS and WEP

My wife worked for a public school for a number of years. They do not pay into SS, but she will get a monthly payoff via STRS (Calif.) instead. Since she worked outside the schools for more than a decade and did pay SS, she will be able to tap into that account however the amount will be reduced by...
by Mickey7
Sat Nov 10, 2018 11:15 pm
Forum: Personal Finance (Not Investing)
Topic: State retirement pensions thoughts?
Replies: 36
Views: 3811

Re: State retirement pensions thoughts?

Just looking for thoughts on state retirement pensions...risky? I know my husband will never be retired at age 40 with 2 million in the bank so.....at this point in life we feel like state pensions and saving as much as we can otherwise is our best way to go. We are not moving and our city does not...
by Mickey7
Sat Nov 10, 2018 10:22 pm
Forum: Investing - Theory, News & General
Topic: Roth Investment Theory
Replies: 45
Views: 3747

Re: Roth Investment Theory

Dollar cost averaging is a neccisity for people who don't make a lot of money. I wish I made 100K+ per year like I feel most everyone on these boards do. If you make 60K, like myself, you can't just lump sum giant amounts of money into accounts without having to dollar cost average or spread it out...
by Mickey7
Thu Nov 08, 2018 10:56 pm
Forum: Investing - Theory, News & General
Topic: Whats your number to walk away?
Replies: 301
Views: 45910

Re: Whats your number to walk away?

steve roy wrote:
Thu Nov 08, 2018 6:29 pm
My numbers?

Turned out to be 68 years old ....

Pension and Social Security ...

A comfortable amount of money in the investment and retirement accounts.

+1

Mine will be 67
by Mickey7
Thu Nov 08, 2018 10:34 pm
Forum: Investing - Help with Personal Investments
Topic: Social Security as a percentage of portfolio
Replies: 14
Views: 1609

Re: Social Security as a percentage of portfolio

As noted by sport, your ss and/or pension constitutes the initial layer for your retirement income stream. As such it is not a part of my portfolio, it is a base to be used for each year's planning.
by Mickey7
Mon Nov 05, 2018 8:35 pm
Forum: Investing - Help with Personal Investments
Topic: Wellesley Fund in Retirement
Replies: 5
Views: 1011

Re: Wellesley Fund in Retirement

They aren't my only funds but have them both.

+ 1
by Mickey7
Mon Nov 05, 2018 8:31 pm
Forum: Investing - Theory, News & General
Topic: Rick Ferri interview on the "Big Picture Retirement Show"
Replies: 3
Views: 1590

Re: Rick Ferri interview on the "Big Picture Retirement Show"

As always Rick Ferri provides us with an affirmation for our collective investment philosophy.

Thank you,
by Mickey7
Sun Nov 04, 2018 12:13 am
Forum: Personal Finance (Not Investing)
Topic: Applying for Social Security Online
Replies: 44
Views: 5193

Re: Applying for Social Security Online

Spideyindexer, It would be best to follow pahkcah's advise and find out what your true benefit will be. I went to the SS office when I turned 62 and was amazed at what it would be, but it knowing in advance helped define my retirement strategy. At 66 I went back primarily to do a number check (every...
by Mickey7
Tue Oct 30, 2018 4:31 pm
Forum: Personal Consumer Issues
Topic: Camping in late December-January, SW US
Replies: 16
Views: 1183

Re: Camping in late December-January, SW US

You could be incredibly lucky during this time and catch everything "just right." OTOH once that winter blast comes all h--- might freeze over. I've had it both ways. Plan your trip with a good B plan of low cost motels. For example in Big Bend scout out motels in Terlingua and Alpine. Terlingua is ...
by Mickey7
Sat Oct 20, 2018 12:29 am
Forum: Personal Consumer Issues
Topic: Cross-country trip via Amtrak
Replies: 58
Views: 5692

Re: Cross-country trip via Amtrak

I have taken the Empire Builder from Portland to Minneapolis and really recommend the trip. Make sure that you are ticketed for the right side of the train as doing so will put you in great position to see the grandeur of the Columbia River gorge. During the first evening your train will connect wit...
by Mickey7
Sat Oct 13, 2018 9:11 pm
Forum: Personal Consumer Issues
Topic: Making Winter Camping more comfortable
Replies: 39
Views: 2751

Re: Making Winter Camping more comfortable

It appears as if you are already familiar with REI. Get on their website or go to one of their stores and talk to their reps. Nearly all of these people have good experience you can utilize. You have a good pad, but what is the rating for your bag? You might have to assume that you are cold natured ...
by Mickey7
Wed Oct 10, 2018 9:10 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 8605
Views: 1678676

Re: U.S. stocks in freefall

If you don't sell anything, you haven't lost anything.
by Mickey7
Sun Sep 16, 2018 7:57 pm
Forum: Investing - Help with Personal Investments
Topic: Am I "buying high" if I transfer stable value funds over to stock index fund now?
Replies: 26
Views: 1956

Re: Am I "buying high" if I transfer stable value funds over to stock index fund now?

You have a lot of stressors right now and you should do what feels comfortable to you and don't worry about what this group thinks since they will only tell you to decide on an asset allocation that is appropriate for you and invest in it now, not later. You are correct that the market can go down ...
by Mickey7
Sat Sep 15, 2018 5:11 pm
Forum: Personal Consumer Issues
Topic: Rain Jacket recommendations and care
Replies: 32
Views: 2522

Re: Rain Jacket recommendations and care

As noted try the Nikiwax to see if that enhances thr rain protection.
If you have ever gotten a jacket with pit zips you'll never get one without it.
by Mickey7
Sat Sep 15, 2018 4:55 pm
Forum: Personal Finance (Not Investing)
Topic: The Boglehead is anti-entrepreneur?
Replies: 62
Views: 4144

Re: The Boglehead is anti-entrepreneur?

Another way to think about this is that all Bogleheads are entrepreneurs. Our business is in developing a successful portfolio for retirement. We assume a level of risk that is appropriate to our need.
by Mickey7
Sat Sep 15, 2018 4:25 pm
Forum: Personal Consumer Issues
Topic: Benefits/longevity of more expensive ($300+) mens dress shoes?
Replies: 75
Views: 8822

Re: Benefits/longevity of more expensive ($300+) mens dress shoes?

When it comes down to it, determining what you value most should be the final straw for your individual choice. My personal "go to" choice is Allen Edmonds. Look for store sales or Ebay, but first go to the store and get properly measured. If you go high end get the shoe trees and proper shoe access...
by Mickey7
Fri Sep 14, 2018 9:06 pm
Forum: Personal Finance (Not Investing)
Topic: Service Date for Vesting - Teacher
Replies: 12
Views: 905

Re: Service Date for Vesting - Teacher

I would hold off talking to her district's HR department until after she has spoken to the Virginia retirement system for teachers or if she belongs to a state professional association for teachers; call them.
by Mickey7
Tue Sep 11, 2018 6:54 pm
Forum: Investing - Help with Personal Investments
Topic: Working until the end of January for Roth contribution
Replies: 20
Views: 1756

Re: Working until the end of January for Roth contribution

Thank you for your question. Yes I could target the end of March and follow your scenario as I could claim Social Security in January when I turn 67 and have an income of approximately of approximately $1300 per month. However while increasing my 403b, it would not increase my pension. If I were to ...
by Mickey7
Mon Sep 10, 2018 10:44 pm
Forum: Investing - Help with Personal Investments
Topic: Working until the end of January for Roth contribution
Replies: 20
Views: 1756

Re: Working until the end of January for Roth contribution

Yes I know. Just trying to turn over all of the rocks.
by Mickey7
Mon Sep 10, 2018 9:50 pm
Forum: Investing - Help with Personal Investments
Topic: Working until the end of January for Roth contribution
Replies: 20
Views: 1756

Re: Working until the end of January for Roth contribution

Unfortunately no. Under state law I could buy an extra year with 50 days, which I easily have, the amount owed would require over 18 years to break even. That would not be a favorable payback. With regards to Spirit Rider's recommendation, that would be a part of a Plan B strategy in which I would w...
by Mickey7
Mon Sep 10, 2018 8:33 pm
Forum: Investing - Help with Personal Investments
Topic: Working until the end of January for Roth contribution
Replies: 20
Views: 1756

Re: Working until the end of January for Roth contribution

So that would mean $4450 for my last Roth if January is my choice.
by Mickey7
Mon Sep 10, 2018 8:13 pm
Forum: Investing - Help with Personal Investments
Topic: Working until the end of January for Roth contribution
Replies: 20
Views: 1756

Working until the end of January for Roth contribution

I am starting to kick the wheels on the retirement spaceship and several lights are starting to blink on the screen. One of the lights concerns the possibility of only working through the month of January 2019 to be eligible to make a Roth contribution. My monthly gross is around $8200 and the net i...
by Mickey7
Sun Sep 09, 2018 12:01 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone else playing catch-up in their 40's?
Replies: 68
Views: 7461

Re: Anyone else playing catch-up in their 40's?

Awareness is the first step and you are already there. Keep doing the great job with your savings. Have an asset allocation that is appropriate for you. Don't be overly aggressive because you have the FOMO. Also keep an EF so you not have to tap your portfolio. I say all of this because I started la...
by Mickey7
Tue Sep 04, 2018 6:48 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review - Guidance needed
Replies: 7
Views: 928

Re: Portfolio Review - Guidance needed

Many here are 3 fund and 3 fund forever, others slice and dice. Starting out, 3 fund is best. (You may never want to change.)

You might want to read John Bogle or Google up one of his You Tube videos as a starter.


Stay the course!
by Mickey7
Mon Sep 03, 2018 6:33 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review - Guidance needed
Replies: 7
Views: 928

Re: Portfolio Review - Guidance needed

Congratulations William4478, you are doing a wonderful job! You are definitely on the right track.

Do not be too hasty in immediately moving your savings. Keep an amount of that money in a savings or money market for a good night's sleep.
by Mickey7
Mon Aug 27, 2018 10:10 pm
Forum: Personal Finance (Not Investing)
Topic: How do you calculate net worth with pensions?
Replies: 105
Views: 6816

Re: How do you calculate net worth with pensions?

Can a pension be taken as a lump sum? Then consider it as an asset. Can a pension be sold? Then consider it as an asset when sold. As noted by others there might be a few other times when a pension be considered as an asset, however IMHO when it is distributed every year it should be considered as a...
by Mickey7
Wed Aug 22, 2018 7:45 pm
Forum: Personal Finance (Not Investing)
Topic: Is a million really the benchmark for retirement
Replies: 109
Views: 12265

Re: Is a million really the benchmark for retirement

Calico, you'll be fine.

Unlike many people in the workforce you have been saving and now making plans.


Stay the course!
by Mickey7
Sun Aug 19, 2018 9:03 pm
Forum: Investing - Help with Personal Investments
Topic: Buy back service time on pension
Replies: 42
Views: 3504

Re: Buy back service time on pension

Rogue1 Another consideration for you to keep in mind is the possibility that the buy back rules might change. About a decade ago the rule for buy backs for service time were radically altered. I was able to sneak in and got my year for under $500, a no brainer. Now on the eve of retirement I looked ...
by Mickey7
Sat Aug 18, 2018 5:16 pm
Forum: Personal Finance (Not Investing)
Topic: Teachers Who Have Net Worth of $1 million +
Replies: 137
Views: 18516

Re: Teachers Who Have Net Worth of $1 million +

I do not believe that you could, or should, value your potential pension payment over a period of 20 or 30 years and use it to claim a net worth for that figure. A pension is an income stream for your retirement. This has been addressed in many of our threads.
by Mickey7
Wed Aug 08, 2018 8:02 pm
Forum: Investing - Theory, News & General
Topic: Two voices in my head
Replies: 36
Views: 2994

Re: Two voices in my head

Your ISP is your ISP.

Keep investing, keep learning.

Stay the course.
by Mickey7
Sun Jul 08, 2018 1:44 pm
Forum: Investing - Help with Personal Investments
Topic: Do you count pension contributions as a portion of your overall retirement contributions.
Replies: 47
Views: 4164

Re: Do you count pension contributions as a portion of your overall retirement contributions.

Re: Do you count pension contributions as a portion of your overall retirement contributions. Report this post Quote by ThePrince » Sun Jul 08, 2018 1:04 pm indexonlyplease wrote: ↑ Fri Jul 06, 2018 9:32 am No Why because you don't know what changes may occur in the pension system. So, save and inve...
by Mickey7
Sun Jul 08, 2018 1:21 pm
Forum: Investing - Help with Personal Investments
Topic: Trying to hit grand slam with small % portfolio?
Replies: 49
Views: 3640

Re: Trying to hit grand slam with small % portfolio?

Heh, I buy a lottery ticket once or twice a month. Does that count?

:greedy
by Mickey7
Thu Jun 28, 2018 10:31 pm
Forum: Personal Finance (Not Investing)
Topic: Roth vs Taxable to Fund Retirement Prior to 59 1/2
Replies: 12
Views: 1267

Re: Roth vs Taxable to Fund Retirement Prior to 59 1/2

naclt » Thu Jun 28, 2018 8:37 pm

I think about retirement daily but that’s another discussion.


Don't we all.
by Mickey7
Thu Jun 28, 2018 10:15 pm
Forum: Personal Finance (Not Investing)
Topic: What is/ was your career and would you recommend it now?
Replies: 379
Views: 37073

Re: What is/ was your career and would you recommend it now?

Two totally different careers here. While working my way through school, I began working in industrial sales. Stayed in it, even after getting my BA in Social Studies. The salary was very good for many years, then came oil busts and consolidations. That business is now a shell of what it was and I c...
by Mickey7
Wed Jun 27, 2018 10:31 pm
Forum: Personal Finance (Not Investing)
Topic: How many months of living expenses would you keep in your bank.
Replies: 61
Views: 4357

Re: How many months of living expenses would you keep in your bank.

Combined bank checking, saving and mm about 6 months.
by Mickey7
Tue Jun 26, 2018 10:06 pm
Forum: Personal Finance (Not Investing)
Topic: Charity giving how much? How much do other retirees give?
Replies: 44
Views: 4247

Re: Charity giving how much? How much do other retirees give?

Next year should be my first in retirement and my budget has giving included. The amount/percentage is personal and is answerable only for myself to consider. I do also plan to include giving of my time. We are all different and what I feel to be appropriate is of concern only to myself. But if I ma...
by Mickey7
Tue Jun 19, 2018 10:56 pm
Forum: Personal Consumer Issues
Topic: gray hair
Replies: 130
Views: 9236

Re: gray hair

I started getting gray hair, well a strand here and a strand there, at 13. By college I was able to get in clubs without being carded. One particular fraternity brother really rode me about it and I would tell him that when he turned 30 that he would have to part his hair with a marks a lot. Fast fo...
by Mickey7
Tue Jun 05, 2018 9:22 pm
Forum: Investing - Help with Personal Investments
Topic: pension
Replies: 12
Views: 1577

Re: pension

+1 jebmke and mickeyd My pension and SS will be slightly more than my net after pension, 403b, Roth and HSA contributions are considered (and including future Med expenses are included in my retirement budget). The pension of which .75 of total will not have COLA, the SS will have it. Such being the...