Search found 275 matches

by nguy44
Fri May 15, 2020 8:06 am
Forum: Personal Finance (Not Investing)
Topic: Best way to simulate the retirement, living off investments ; Not touching monthly salaries
Replies: 44
Views: 3205

Re: Best way to simulate the retirement, living off investments ; Not touching monthly salaries

When I first started considering retirement, we tried two different approaches. First, we tried to live purely off of our planned retirement budget for a quarter. That was a start, but it did not give me a good feel for the future. Then, because I would be receiving a pension, for a quarter I reduce...
by nguy44
Fri May 08, 2020 10:56 am
Forum: Personal Finance (Not Investing)
Topic: Quicken 2019 and forward
Replies: 322
Views: 29546

Re: Quicken 2019 and forward

I have been using Quicken for over 20 years, primarily for expenses and investment tracking. Many of the new features beyond Quicken 2017 I do not need (I have no desire to access my data via the web, I already have cloud backup storage, etc). Manual entry of my transactions is fine for me, I can do...
by nguy44
Sun May 03, 2020 4:39 pm
Forum: Personal Finance (Not Investing)
Topic: Recommend best free or cheap tax software for a friend please
Replies: 10
Views: 588

Re: Recommend best free or cheap tax software for a friend please

protagonist wrote:
Sun May 03, 2020 3:26 pm
Friend was paying $129/yr for Quicken. I told friend that there is probably a free or cheaper alternative.

What would you recommend?

Thanks.
I apologize in advance for my confusion. Quicken is not tax software. Is he looking to replace Quicken, or supplement it with tax software?
by nguy44
Thu Apr 16, 2020 9:30 am
Forum: Investing - Theory, News & General
Topic: Retirees: what are you doing with all the home equity?
Replies: 117
Views: 7428

Re: Retirees: what are you doing with all the home equity?

No changes. Our home is for our living, it is not for investment. While I did consider not paying off the small balance early and investing the money during these down times, for now I am just being lazy and continuing as is. We have plenty of cash, and do not need to draw on its equity.
by nguy44
Wed Apr 15, 2020 2:11 pm
Forum: Personal Finance (Not Investing)
Topic: [Government stimulus payments]
Replies: 351
Views: 27145

Re: [Government stimulus payments]

We received $2400 today. 2019 AGI <$150k, 2018 AGI >$200K, and 2019 tax return had been filed.
by nguy44
Thu Apr 09, 2020 9:08 am
Forum: Personal Consumer Issues
Topic: How to get Toilet Paper ? seriously.
Replies: 684
Views: 55506

Re: How to get Toilet Paper ? seriously.

In Maryland in my area both Walmart and Costco have had toilet paper for the last 2 weeks that I have stopped in. I tend to go very early to shop and it is stock, though the section is not full. Maybe they sell out by the afternoon, I do not know for sure.
by nguy44
Sun Apr 05, 2020 5:20 pm
Forum: Personal Consumer Issues
Topic: Charity during the pandemic
Replies: 73
Views: 4458

Re: Charity during the pandemic

This was factored into my 5+ years of cash expenses, so I am continuing as usual. Will seek specific situations to increase it.
by nguy44
Sat Apr 04, 2020 10:47 am
Forum: Personal Investments
Topic: Why Do So Many Recommend 70% - 100% Stocks?
Replies: 167
Views: 9512

Re: Why Do So Many Recommend 70% - 100% Stocks?

To the OP, I am going to take a difference approach to this question. The #1 consideration, in my view : BE A GOOD SAVER. Try to save a high percentage of your income. Like, 20%. The more you save, the less dependent you can be on stocks in the long run. And, the less these swings will matter when y...
by nguy44
Thu Apr 02, 2020 6:32 pm
Forum: Personal Consumer Issues
Topic: Homemade Salad Dressing
Replies: 42
Views: 2143

Re: Homemade Salad Dressing

4 oz malt vinegar
2 oz extra virgin olive oil
2 oz lemon or lime juice
mix and shake bottle before using

I love it.
by nguy44
Thu Apr 02, 2020 6:29 pm
Forum: Personal Finance (Not Investing)
Topic: Home office deductions for mandatory work at home?
Replies: 18
Views: 1168

Re: Home office deductions for mandatory work at home?

As long as you are getting a W-2, don't count on it. I started working full time at home in 2015 through 2018 when I retired. My company shut down our building and "forced" us to work at home (in quotes because working at home vs. a 90 minute commute each way to the nearest company location was a no...
by nguy44
Fri Mar 27, 2020 9:47 am
Forum: Personal Consumer Issues
Topic: Costco Senior hour Tue and Thur
Replies: 70
Views: 5734

Re: Costco Senior hour Tue and Thur

Costco open from 8-9AM for 60yo and older on Tuesday and Thursday. No underage guests allowed. Food court has regular hours. Effective today March 24. Let's ride! One experience from friends: they arrived at 7:30. The parking lot had maybe 30 cars. At 7:40, the store decided to open the doors for t...
by nguy44
Thu Mar 26, 2020 9:49 am
Forum: Investing - Theory, News & General
Topic: Will the Dow ever see 29500 again?
Replies: 86
Views: 8664

Re: Will the Dow ever see 29500 again?

June 14,2023. You heard it here first. :mrgreen:
by nguy44
Tue Mar 24, 2020 9:31 am
Forum: Personal Investments
Topic: Thread: It’s your First recession (or not) and you’re staying the course
Replies: 65
Views: 3662

Re: Thread: It’s your First recession (or not) and you’re staying the course

I started investing in the market in 1984 with my 401K. since then I have seen all of the downturns and recessions since that time. I am staying the course because: - Past downturns taught me what my true risk tolerance was, so that my AA is in light of anticipated downturns like this one. - I waite...
by nguy44
Sat Mar 21, 2020 7:08 pm
Forum: Personal Investments
Topic: How much you lost/gain since Feb 20,2020 ?
Replies: 320
Views: 25668

Re: How much you lost/gain since Feb 20,2020 ?

Down 15%. I had modeled scenarios like this (or worse) before I retired, and did not retire until I could live with the potential result.
by nguy44
Sat Mar 21, 2020 3:02 pm
Forum: Personal Finance (Not Investing)
Topic: [Work From Home] - What does your company pay for?
Replies: 83
Views: 4526

Re: [Work From Home] - What does your company pay for?

When I worked from home, the company paid for: - Laptop - VOIP business line - Various antivirus/management client software licenses (I had a home lab that required access,each OS instance used to connect had to be registered and required software installed) Also, since they were shrinking the numbe...
by nguy44
Fri Mar 20, 2020 8:59 am
Forum: Personal Finance (Not Investing)
Topic: Pay off mortgage balance or dollar cost average into the market?
Replies: 4
Views: 273

Pay off mortgage balance or dollar cost average into the market?

Everyone's situation is different. I am looking for feedback on my specific situation. I currently have a mortgage on our home: - House "paper value": $460,000 - Mortgage balance: $52,000 - Mortgage term: 15 year refinance taken out in 2013, current payoff will be in 2028 (coincidentally I turn 70 t...
by nguy44
Thu Mar 19, 2020 8:39 am
Forum: Personal Finance (Not Investing)
Topic: How many are regretting not investing in real estate
Replies: 55
Views: 5231

Re: How many are regretting not investing in real estate

My father owned an apartment building for a while. My brothers and I because his work/maintenance crew. After seeing the shenanigans and issues my dad, a very patient man, had to deal with, I decided I did not have the time, patience or temperament to invest in real estate. For those who invest in r...
by nguy44
Wed Mar 18, 2020 4:57 pm
Forum: US Chapters
Topic: How Is Your Job Being Impacted By The Current Crisis?
Replies: 503
Views: 50422

Re: How Is Your Job Being Impacted By The Current Crisis?

Youngest son works part time at Costco while attending college. He is now working 10 hour shifts, 5 days a week. He does not mind - it helps him to continue to build up his savings. And with his college being online, he has more flexibility in scheduling his shifts. Both schools (private high school...
by nguy44
Sat Mar 14, 2020 10:13 am
Forum: Personal Consumer Issues
Topic: What entertainment during Covid-19 times?
Replies: 101
Views: 5443

Re: What entertainment during Covid-19 times?

More golfing. It is getting warmer, and at the course I am a member I just wave at the check-in person and then head out to the course. I walk the course with a pushcart so no concern about potentially dirty golf cart. When playing with others and using a push cart you can easily avoid getting withi...
by nguy44
Sat Mar 14, 2020 10:06 am
Forum: Personal Consumer Issues
Topic: Are you still going to the gym ...
Replies: 210
Views: 12390

Re: Are you still going to the gym ...

I go to the gym early. They start letting people in about 15 minuted before the "official" open time but very few people are there early. I figure, since they clean off the equipment between closing and opening, It lessens any risk to go as soon as they open. I still wipe off machines before/after u...
by nguy44
Sat Mar 14, 2020 10:00 am
Forum: Personal Finance (Not Investing)
Topic: Recent Early Retirees How are You Coping?
Replies: 29
Views: 3849

Re: Recent Early Retirees How are You Coping?

Retired at age 60 in June 2018. Going into retirement move my AA to 40/37/23 stocks/bonds/cash. Moved stock percent to 35 last July. Cash is for planned expense needs beyond my pension for about 5 years, without being forced to sell stocks or bond allocation, before taking SS. Actual expenditures ha...
by nguy44
Thu Mar 12, 2020 4:26 pm
Forum: Personal Investments
Topic: What does your Crystal Ball say?
Replies: 96
Views: 4801

Re: What does your Crystal Ball say?

If my crystal ball worked, the last thing I would do is tell other people what it said. :D However, IMHO I believe this volatility will last beyond the presidential election. Not trying to be anything but objective here. With the various sporting/large events/colleges cancelled/postponed likely thou...
by nguy44
Thu Mar 12, 2020 9:34 am
Forum: Personal Investments
Topic: How many people with 7 figure portfolios are”rejoicing ?”
Replies: 169
Views: 14066

Re: How many people with 7 figure portfolios are”rejoicing ?”

I am not rejoicing, but with my AA at the start of this plunge, even a 50% selloff would still leave us with over $2M ($450K of that in cash), which, with a pension, still makes for a comfortable retirement.
by nguy44
Thu Mar 12, 2020 9:24 am
Forum: Personal Investments
Topic: Who are getting excited with the plummeting market?
Replies: 100
Views: 10029

Re: Who are getting excited with the plummeting market?

I am not excited since, as other stated, this is impacting folks financially (and health wise). I am not too worried since, as a retiree, I have 5+ years of cash plus a pension to cover our living expenses, and that is not including SS. I was working in 2008-9, and even though my job was secure and ...
by nguy44
Fri Mar 06, 2020 11:24 am
Forum: Personal Investments
Topic: I rolled the dice and am losing
Replies: 13
Views: 3606

Re: I rolled the dice and am losing

My bet would be that most people have more failures than successes. However, by learning from the failures, the result of the successes can outweigh the failures. So do not dwell on it, learn the lesson, and keep moving on. :happy
by nguy44
Wed Mar 04, 2020 11:25 pm
Forum: Personal Consumer Issues
Topic: Computer fix or pruchase or replace?
Replies: 26
Views: 1478

Re: Computer fix or pruchase or replace?

If you like to tinker with things and have the patience, I would recommend replacing the keyboard. My son brings me non-working laptop folks have discarded (he works part time for 1-800-Got-Junk), and 90% 0f them I have gotten working again with simple repairs. Depending on how where you use the lap...
by nguy44
Sun Mar 01, 2020 10:35 pm
Forum: Personal Finance (Not Investing)
Topic: Poll: Break down your SPENDING by category
Replies: 22
Views: 2395

Re: Poll: Break down your SPENDING by category

When we were budgeting, I took a slightly different approach. We budgeted to look at not just how we were spending, but where we could make changes to ensure we had funds to save/invest at a desired savings rate. I looked at our categories more from a "controllable," 'somewhat controllable", non-con...
by nguy44
Fri Feb 28, 2020 8:34 pm
Forum: Personal Investments
Topic: New retiree perspective during Corona Crash
Replies: 57
Views: 7020

Re: New retiree perspective during Corona Crash

I retired the end of June 2018. At the end of 2017 I shifted down to 40% stocks. I came into the year around 35% stocks. I am not planning to change my AA. While I do not like to see my portfolio going down, I am still way ahead of what I had when I retired. I have a pension but it does not cover al...
by nguy44
Wed Feb 26, 2020 12:04 pm
Forum: Investing - Theory, News & General
Topic: The Calm Post - Stay the course thread.
Replies: 491
Views: 41550

Re: The Calm Post - Stay the course thread.

If we are talking about an investor that has not experienced a market downturn such as the past week or two, it would have to be a very brand new investor (as in somebody who only started investing in the past few months) since we had a similar drop of 6.8% in 2019 (lasted 34 days), and a drop of 1...
by nguy44
Wed Feb 26, 2020 9:55 am
Forum: Investing - Theory, News & General
Topic: The Calm Post - Stay the course thread.
Replies: 491
Views: 41550

Re: The Calm Post - Stay the course thread.

If one has never experienced a market downturn like this, an actionable item is to determine if you are still comfortable with your cash and stock/bond AA for the next market downturn, and start figuring out if you need to adjust. I have invested through the 1987 Black Monday crash (imagine seeing y...
by nguy44
Tue Feb 18, 2020 8:16 pm
Forum: Personal Consumer Issues
Topic: Bathroom remodel -10K- Is it expensive?
Replies: 44
Views: 5354

Re: Bathroom remodel -10K- Is it expensive?

Hello all: Need your inputs on this one. Had fiberglass shower base in our master bedroom bathroom. Saw a crack and decided to replace with nice looking tiles (cost was $1200). Long story short, it started leaking after a month. Couldn't figure out the cause of leak and the contractor who did the w...
by nguy44
Mon Feb 17, 2020 3:53 pm
Forum: Personal Finance (Not Investing)
Topic: Had a baby and received generous check from her great grandparents. Now what?
Replies: 157
Views: 11593

Re: Had a baby and received generous check from her great grandparents. Now what?

you could "split" the amount (in whatever proportion you desire) so that some goes to a 529 for education, some goes to something for therm to use in any way they want when they get older.
by nguy44
Sat Feb 15, 2020 5:29 pm
Forum: Personal Finance (Not Investing)
Topic: Entry-Level Jobs with Pensions - What companies still offer pensions these days?
Replies: 155
Views: 12324

Re: Entry-Level Jobs with Pensions - What companies still offer pensions these days?

For those that had their private pensions frozen while working, what made you stay with the same employer? I was lucky because of the timing. I had 28 years and was within 2 years of retirement eligibility when it happened. Though the pension was frozen in terms of additional years of salary counti...
by nguy44
Fri Feb 14, 2020 4:41 pm
Forum: Personal Finance (Not Investing)
Topic: Entry-Level Jobs with Pensions - What companies still offer pensions these days?
Replies: 155
Views: 12324

Re: Entry-Level Jobs with Pensions - What companies still offer pensions these days?

IMHO the questions have such varied answers and/or change so quickly that it would be a good learning exercise for the young job seeker to do the research themselves ( change that "looking for a job soon" to "looking for a job now" :happy ), as they can get much of that information via web searches ...
by nguy44
Thu Feb 13, 2020 11:36 am
Forum: Personal Finance (Not Investing)
Topic: $2-2.5M House?
Replies: 77
Views: 7574

Re: $2-2.5M House?

A few thoughts / questions - "continue to appreciate at a higher rate than where we currently live" - that's a very dangerous statement. I would not count on any appreciation in your home in order to make that decision. Yes, the housing market is great right now, but that can change very quickly an...
by nguy44
Thu Feb 13, 2020 9:41 am
Forum: Investing - Theory, News & General
Topic: Coronavirus and the market
Replies: 3949
Views: 296690

Re: Coronavirus and the market

Well there is this theory that this virus is more dangerous for east asians as compared to others. If you google for ‘ACE2’ in combination with ethnicity you might find some results (https://www.biorxiv.org/content/10.1101/2020.01.26.919985v1) I have no idea whether it is true or not. It is certain...
by nguy44
Thu Feb 13, 2020 8:24 am
Forum: Investing - Theory, News & General
Topic: Turning 62 and SS alternatives
Replies: 60
Views: 3482

Re: Turning 62 and SS alternatives

Given where the markets are today, my simple approach would be to take out enough from the tIRA to replace the SS amount for several years. I would just bite the bullet on the taxes. It is a tradeoff of future gains vs. stability. This avoids forced withdrawals during down market times. My approach ...
by nguy44
Thu Feb 13, 2020 12:16 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 5583
Views: 478829

Re: U.S. stocks continue to soar!

Don't get me wrong, I'm enjoy see my balances go up as much as the next guy. But there's something about these gains that's very recently got me a little on edge, but I cannot tell you why. I won't do anything about it though. I have a similar mindset, thought I am not so much "on edge" as "not cou...
by nguy44
Mon Feb 10, 2020 4:59 pm
Forum: Personal Finance (Not Investing)
Topic: Fun Side Income in Retirement?
Replies: 50
Views: 4279

Re: Fun Side Income in Retirement?

The problem I would have with finding "fun" side income is my criteria. No more than a day a week, 8 hours in that day, no excessive physical activity (I want to save that for my recreation), and earn at least $100 for doing it. Nothing that I have come across matches that. :happy
by nguy44
Mon Feb 10, 2020 4:52 pm
Forum: Personal Finance (Not Investing)
Topic: Fun Side Income in Retirement?
Replies: 50
Views: 4279

Re: Fun Side Income in Retirement?

One of my brothers who is retired became a dance class instructor. He has always enjoyed dancing so getting paid to teach others he enjoys. Also, he is single, and a benefit is meeting women in his age range who also enjoy dancing and are generally in good physical shape. Since he likes things like ...
by nguy44
Mon Feb 10, 2020 4:34 pm
Forum: Personal Consumer Issues
Topic: Retirement: Filling the time?
Replies: 96
Views: 10304

Re: Retirement: Filling the time?

When one looks at retirement, one has to ask not just "what am I retiring from?", but also "what am I retiring to” ... Though I am also an introvert I recognize the danger of spending too much time alone, so have joined some low key social groups and activities. This cuts to the core of my issue. “...
by nguy44
Sun Feb 09, 2020 11:49 pm
Forum: Personal Consumer Issues
Topic: Retirement: Filling the time?
Replies: 96
Views: 10304

Re: Retirement: Filling the time?

When one looks at retirement, one has to ask not just "what am I retiring from?", but also "what am I retiring to?". If one cannot answer the latter in a satisfactory way, then it might not be the right time to retire. It was a factor in my retirement - since I had so many other ways I wanted to cho...
by nguy44
Sat Feb 08, 2020 7:05 pm
Forum: Personal Consumer Issues
Topic: What is the best concert you ever witnessed?
Replies: 385
Views: 27375

Re: What is the best concert you ever witnessed?

It is hard for me to pick a single "best" one. But two come in mind because of a 30 year connection. In 1977, while in college, I saw Earth Wind & Fire. It was the first concert I took a date to, and wonderful women whom I married 6 years later. I saved a lot of money to get good seats - center stag...
by nguy44
Wed Feb 05, 2020 3:01 pm
Forum: Personal Finance (Not Investing)
Topic: Couples w/ kids: What is/was the most expensive time period of your life?
Replies: 145
Views: 11984

Re: Couples w/ kids: What is/was the most expensive time period of your life?

Before college, the 15-18 high school years were the most expensive. The drivers education and insurance, and an "extra" car for them to share (though they were responsible for gas and repairs). We have all boys who all had growth spurts to 6' tall during that time, so imagine the food bill. All of ...
by nguy44
Tue Jan 28, 2020 9:02 am
Forum: Personal Consumer Issues
Topic: Toy overload alternatives for grandparents
Replies: 104
Views: 5655

Re: Toy overload alternatives for grandparents

Spend money on: *experiences - tickets to local children's museum or other kids' events (disney on ice or whatever). *books - they don't take up a lot of space and have more benefit than another random toy that won't be used (and whose parts will be lost) I agree. This is what we have done for our ...
by nguy44
Tue Jan 21, 2020 12:47 pm
Forum: Personal Finance (Not Investing)
Topic: FI and/or RE: did you change your "magic number"?
Replies: 24
Views: 2311

Re: FI and/or RE: did you change your "magic number"?

I did, as i decided I wanted to create an additional "buffer" as protection. It was not that hard to do as I had a good salary and our savings rate was over 35%. Though I was prepared to retire at my magic number if the company forced me out, I kept working until I had that buffer (and due to the ma...
by nguy44
Sun Jan 19, 2020 12:06 am
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 1403
Views: 189545

Re: Post your Financial Milestone Announcements Here

After Fridays market, Net Worth crossed over $3M and stocks/bonds/cash crossed over $2.6M for the first time. It feels extra special since I retired 18 months ago and we shifted from being savers to spenders. It may not last at this level, but for now it feels good.
by nguy44
Sat Jan 18, 2020 11:27 pm
Forum: Personal Finance (Not Investing)
Topic: Why retire?
Replies: 267
Views: 16856

Re: Why retire?

Hi everyone, This forum is primarily focused on a comfortable secure retirement and many members look forward to early retirement. At my age of 38, I do not see why should I aim for a retirement at 50, 55 or 60. I feel good at my work and life seems comfortable. My question is- what changes happen ...
by nguy44
Fri Jan 17, 2020 11:35 pm
Forum: Personal Finance (Not Investing)
Topic: Leave my beneficiary 100/75/50/25 or 0% of my pension?
Replies: 57
Views: 3479

Re: Leave my beneficiary 100/75/50/25 or 0% of my pension?

Thank you to all that jumped in, my brother-in-law told me about bogleheads and I'm glad he did. I found out today that I have 30 days after I file to change my decision but as of now I think we will go with the 75% option. With our age differences it's too much of a Gamble to give up on that guara...
by nguy44
Fri Jan 17, 2020 1:28 pm
Forum: Personal Investments
Topic: What do we do now?
Replies: 16
Views: 1550

Re: What do we do now?

Congrats! If you are comfortable with that AA, leave it and just keep going. I chose to reduce my stock AA when I turned 60 and hit retirement for more emotional that logical reasons. We are living a more than comfortable lifestyle for us and just chose to reduce risk a bit - smaller returns are sti...