Search found 49 matches

by HobbesMB
Tue Sep 15, 2020 2:48 pm
Forum: Investing - Theory, News & General
Topic: Jane Bryant Quinn, stock allocation before / after retirement
Replies: 40
Views: 6584

Re: Jane Bryant Quinn, stock allocation before / after retirement

DW gave McClung's book to me as a retirement present. I'd subtitle it "A Math Nerd's Guide to Retirement." (But that's ok; I fit the description.) I'm curious as to why the book doesn't have a bigger impact. It's not in the BH list of books, and his harvesting/withdrawal strategies are no...
by HobbesMB
Tue Sep 15, 2020 1:34 pm
Forum: Investing - Theory, News & General
Topic: Jane Bryant Quinn, stock allocation before / after retirement
Replies: 40
Views: 6584

Re: Jane Bryant Quinn, stock allocation before / after retirement

As often noted here, Big ERN at Early Retirement Now has an excellent series on withdrawal rates at his site. The man knows his number-crunching. He did a couple of posts on this rising equity glidepath concept and did some modeling of the results. His research is geared toward early retirees, but i...
by HobbesMB
Tue Sep 15, 2020 10:41 am
Forum: Personal Finance (Not Investing)
Topic: What is the best company for auto/property/renters/umbrella insurance?
Replies: 36
Views: 3231

Re: What is the best company for auto/property/renters/umbrella insurance?

In the above example, the person may've been able to get the best of both worlds, as Company A may've actually been able to provide comparable coverage through an endorsement and/or with additional documentation and underwriting approval. If the person did not know what to ask though, he/she would ...
by HobbesMB
Fri Sep 11, 2020 5:01 pm
Forum: Personal Consumer Issues
Topic: "Hobby" Money: Planes, cars, boats etc...
Replies: 114
Views: 7952

Re: "Hobby" Money: Planes, cars, boats etc...

I'm a backpacker, though due to work schedules it's mostly on long weekends. I hiked the John Muir Trail a few years ago (~220 miles) since I could do that on a long vacation. But I plan on thru-hiking the Pacific Crest Trail a year or two after I retire next year. I have a very nice complement of ...
by HobbesMB
Fri Sep 11, 2020 2:56 pm
Forum: Personal Consumer Issues
Topic: "Hobby" Money: Planes, cars, boats etc...
Replies: 114
Views: 7952

Re: "Hobby" Money: Planes, cars, boats etc...

Backpacking. Thanks to titanium, hip and metal gear, I replaced my 1975 era gear forty years later for around $1500, plus another $1500 for additional family members, upgrades, car camping, and levels of comfort and weight. I dehydrate a lot of the meals, so the cost is just transportation I've wat...
by HobbesMB
Thu Aug 13, 2020 1:21 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Bank savings interest rate dropping from 1% to 0.8%
Replies: 82
Views: 9448

Re: Ally Bank savings interest rate dropping from 1% to 0.8%

I noticed that lately Ally has been quietly dropping the NP CD rate first, then announcing the HYS rate drop. Quietly? They notify Savings account holders what their new interest rate is (via email). They also notify prospective future NP CD buyers by posting the new rate on their website since the...
by HobbesMB
Thu Aug 13, 2020 8:02 am
Forum: Personal Finance (Not Investing)
Topic: Just got ~50 insurance quotes, thought I'd share my results for posterity
Replies: 98
Views: 10784

Re: Just got ~50 insurance quotes, thought I'd share my results for posterity

How would one properly educate themselves on all of these factors if they were shopping for insurance, outside of going through an agent?
by HobbesMB
Wed Aug 12, 2020 4:51 pm
Forum: Personal Finance (Not Investing)
Topic: Just got ~50 insurance quotes, thought I'd share my results for posterity
Replies: 98
Views: 10784

Re: Just got ~50 insurance quotes, thought I'd share my results for posterity

I plan to undertake a similar exercise in the near future. Would you mind sharing the list of questions you pre-answered in the summary you sent them? I’d love to generate that ahead of time before starting the process. sure. trying to scrub it but also include enough info to make it useful. <list ...
by HobbesMB
Wed Aug 12, 2020 2:28 pm
Forum: Personal Finance (Not Investing)
Topic: Just got ~50 insurance quotes, thought I'd share my results for posterity
Replies: 98
Views: 10784

Re: Just got ~50 insurance quotes, thought I'd share my results for posterity

I ended up forcing them to use email (I developed a detailed info summary which answered every question I was ever asked and sent it to them in my first contact with them) and told them to pound sand if they didn't. All but 2 eventually played ball over email. I plan to undertake a similar exercise...
by HobbesMB
Wed Aug 05, 2020 10:36 am
Forum: Personal Finance (Not Investing)
Topic: In retirement, a $100 monthly expense needs $30,000 in your portfolio
Replies: 179
Views: 23128

Re: In retirement, a $100 monthly expense needs $30,000 in your portfolio

The $200 a month for mowing needs $60,000. ... but they may elect to mow their own yard and retire a year earlier than otherwise, for instance. For some reason, that one really struck me. If that person is earning $100k net and saving 15%, mowing their own lawn would let them retire four years earl...
by HobbesMB
Thu May 07, 2020 1:38 pm
Forum: Personal Finance (Not Investing)
Topic: CARES Act 2019 or 2020?
Replies: 17
Views: 1062

Re: CARES Act 2019 or 2020?

The 2020 credit is based on 2020 income. If it is lower than the advance refund that is being paid now based on 2019/2018, the difference does not need to be paid back. Does any difference get applied against 2020 taxes, plus or minus? I know they don't require a surplus payment to be physically pa...
by HobbesMB
Wed May 06, 2020 3:53 pm
Forum: Personal Finance (Not Investing)
Topic: Graph of how SS benefits can change with decreases in 2020 national wages for one born in 1960
Replies: 89
Views: 7186

Re: Graph of how SS benefits can change with decreases in 2020 national wages for one born in 1960

I have to think about what happens if we have (for example) a 15% decline, and then we have a have slow/steady increases in wages such that we get back to the 2019 wage index value in 5 years. Does that mean those currently aged 55-59 will also have a reduced benefit compared to today's 61 years ol...
by HobbesMB
Wed May 06, 2020 3:34 pm
Forum: Personal Finance (Not Investing)
Topic: Graph of how SS benefits can change with decreases in 2020 national wages for one born in 1960
Replies: 89
Views: 7186

Re: Graph of how SS benefits can change with decreases in 2020 national wages for one born in 1960

So what's the average SS payment? How much less will it be than for people born in 1959? This white paper estimates that we could see a 15% drop in the Average Wage Index in 2020. Therefore, for a medium wage worker aged 60 in 2020, a 15% decline this year in the Average Wage Index could lead to a ...
by HobbesMB
Mon May 04, 2020 10:48 am
Forum: Personal Finance (Not Investing)
Topic: Graph of how SS benefits can change with decreases in 2020 national wages for one born in 1960
Replies: 89
Views: 7186

Re: Graph of how SS benefits can change with decreases in 2020 national wages for one born in 1960

Bumping this thread to ask a question. My wife turned 60 on December 31, 2019, the final day of the year. I assume the AWI index that will be used for her calculations is the 2019 number and not the 2020 number, is that correct? Since she would not be eligible for benefits until January after her bi...
by HobbesMB
Fri Apr 24, 2020 10:22 am
Forum: Personal Finance (Not Investing)
Topic: IRS Get My Payment up and running
Replies: 369
Views: 25648

Re: IRS Get My Payment up and running

After only receiving the no payment available message since 4/15, this morning the system recognized me and I was able to enter my direct deposit info. Some data points: 2018 filed via TT owed money, 2019 not filed yet. Identical scenario here and was able to enter direct deposit info this morning.
by HobbesMB
Wed Feb 26, 2020 9:30 am
Forum: Personal Finance (Not Investing)
Topic: Coronavirus and the Olympics
Replies: 9
Views: 650

Re: Coronavirus and the Olympics

I can't imagine how so many athletes would feel after working for years to attain the pinnacle event of their careers only to have it cancelled. The majority of them would not be able to return in four years. This would be it for them and it would be a sad end.
by HobbesMB
Wed Feb 26, 2020 8:47 am
Forum: Investing - Theory, News & General
Topic: The Calm Post - Stay the course thread.
Replies: 519
Views: 48142

Re: The Calm Post - Stay the course thread.

NearlyRetired wrote: Wed Feb 26, 2020 6:02 am I have recently retired (1 month ago) so no longer accumulate any funds (just spending the money 8-) ), so I am watching all this turmoil with interest as it is a "first" for me.
Looks like you'll need to change that user name. :wink:
by HobbesMB
Wed Feb 26, 2020 8:34 am
Forum: Personal Finance (Not Investing)
Topic: 30 year mortgage under 3%
Replies: 301
Views: 47444

Re: 30 year mortgage under 3%

We paid off our mortgage a few months back (14 years early). I almost wish I needed a new mortgage at these kind of rates.
by HobbesMB
Tue Feb 25, 2020 1:49 pm
Forum: Investing - Theory, News & General
Topic: Net worth approaching lifetime earnings. How many years did it take?
Replies: 50
Views: 6074

Re: Net worth approaching lifetime earnings. How many years did it take?

My numbers are a mixed bag with the various metrics discussed in this thread. I'm 52 years old and my net worth is only about 65% of my lifetime earnings. However, my ratio per the Millionaire Next Door formula is 2.3, which qualifies as a "prodigious accumulator of wealth". And per the Fi...
by HobbesMB
Mon Feb 17, 2020 3:56 pm
Forum: Personal Finance (Not Investing)
Topic: Personal Capital and Ally Bank
Replies: 45
Views: 6319

Re: Personal Capital and Ally Bank

I logged in this morning and did the 2FA for it to update. Logged in three hours later and still needed to do 2FA again. Anyone else need to do this? Yes, have to do 2FA each time I refreshed today. Wondering if it will be required all the time. For many months now Capital One 360 has required 2FA ...
by HobbesMB
Mon Feb 17, 2020 9:58 am
Forum: Personal Finance (Not Investing)
Topic: Personal Capital and Ally Bank
Replies: 45
Views: 6319

Re: Personal Capital and Ally Bank

Finally updated for me today as well. This has been quite annoying since Ally houses the bulk of my active cash accounts. Glad they got it sorted out.
by HobbesMB
Fri Jan 17, 2020 6:07 pm
Forum: Personal Finance (Not Investing)
Topic: H&R BLOCK Pre-Order 2019 Software Offer
Replies: 317
Views: 29282

Re: H&R BLOCK Pre-Order 2019 Software Offer

FYI, for those who still need it H&R Block Deluxe + State dropped to $19.99 at Amazon today. That's the best price they've had on this year's edition. Thanks for the heads up. This is the CD version. I don't need the state (PA has their own) but there are 5 free federal e-files ( I do my brothe...
by HobbesMB
Fri Jan 17, 2020 8:12 am
Forum: Personal Finance (Not Investing)
Topic: H&R BLOCK Pre-Order 2019 Software Offer
Replies: 317
Views: 29282

Re: H&R BLOCK Pre-Order 2019 Software Offer

FYI, for those who still need it H&R Block Deluxe + State dropped to $19.99 at Amazon today. That's the best price they've had on this year's edition.
by HobbesMB
Thu Dec 12, 2019 10:58 am
Forum: Personal Finance (Not Investing)
Topic: State Taxes: Interesting State Border Towns? (E.g., Low Income Tax, Property Tax, Sales Tax combo?)
Replies: 34
Views: 3478

Re: State Taxes: Interesting State Border Towns? (E.g., Low Income Tax, Property Tax, Sales Tax combo?)

Most (all?) states with a sales tax also impose a use tax that requires you to declare untaxed items and pay the local sales tax on them. So those purchases made over the border are still taxed in your home state. While a significant majority of people fail to comply with this requirement (or are un...
by HobbesMB
Tue Apr 30, 2019 9:17 am
Forum: Personal Finance (Not Investing)
Topic: Retirees: I'm not going to run out
Replies: 62
Views: 9722

Re: Retirees: I'm not going to run out

We've had a historic bull market run. Lots of people who might have had legitimate concerns when retiring in the last 10 years have been soothed by terrific market returns. It's getting increasingly difficult to draw any conclusions about retirement viability based on anecdotal evidence from the coh...
by HobbesMB
Sat Apr 20, 2019 9:26 pm
Forum: Personal Consumer Issues
Topic: "The best and worst U.S. states for retirement"
Replies: 303
Views: 38322

Re: "The best and worst U.S. states for retirement"

I wish money magazine kept that website going. Is there any other website you have found with similar capabilities? I think my number 1 would be weather/climate, 2 affordability (including taxes), 3 decent healthcare, 4 desired activities available (astronomy/computer club, Tai Chi master, beach or...
by HobbesMB
Tue Mar 19, 2019 2:35 pm
Forum: Personal Finance (Not Investing)
Topic: College for average kids
Replies: 126
Views: 15163

Re: College for average kids

Our oldest is the one who is probably barely college material. He's the one we are looking at steering towards the military or firefighting academy. Don't forget the trades as an option as well. There is a huge shortage of skilled tradespeople and jobs will be plentiful for the long foreseeable fut...
by HobbesMB
Wed Mar 13, 2019 12:56 pm
Forum: Personal Finance (Not Investing)
Topic: Please share early strategies to build retirement home?
Replies: 8
Views: 831

Re: Please share early strategies to build retirement home?

I have no advice on your specific query, but I would offer a caution. Depending on your time frame before retirement be aware that you may have different ideas about where you would like that retirement home to be than you do now. I have two friends that purchased their "retirement home" a...
by HobbesMB
Wed Mar 13, 2019 10:54 am
Forum: Personal Finance (Not Investing)
Topic: MMM on pbs newshour
Replies: 9
Views: 3142

Re: MMM on pbs newshour

Obviously the interview predates his divorce. The impact of divorce on the finances of an early-retiree would be an interesting avenue for exploration. Many retirees (early or not) will experience this kind of significant disruption to their carefully-made plans. For those that frequent his site doe...
by HobbesMB
Mon Mar 11, 2019 9:35 am
Forum: Personal Finance (Not Investing)
Topic: Accounting for house in net worth, expenses
Replies: 66
Views: 4349

Re: Accounting for house in net worth, expenses

I track my net worth in Personal Capital (because it is easy). You can set up a link to the Zillow value of your house and Personal Capital will automatically update that number. Every 2-3 months I update the outstanding balance on my mortgage as listed on my mortgage statements. This number doesn't...
by HobbesMB
Thu Mar 07, 2019 9:20 am
Forum: Personal Consumer Issues
Topic: 2019 Mazda CX-5 Grand Touring or Honda CR-V EXL
Replies: 69
Views: 7070

Re: 2019 Mazda CX-5 Grand Touring or Honda CR-V EXL

http://www.goodcarbadcar.net/2019/03/february-2019-ytd-u-s-suv-and-crossover-sales-rankings-every-suv-ranked/ Honda is still selling a bunch of CR-V' s despite all the complaints and issues. :confused The CR-V is number 2 in YTD sales behind Nissan Rogue. I am not sure if fleet/rentals have boosted...
by HobbesMB
Thu Mar 07, 2019 9:17 am
Forum: Personal Consumer Issues
Topic: 2019 Mazda CX-5 Grand Touring or Honda CR-V EXL
Replies: 69
Views: 7070

Re: 2019 Mazda CX-5 Grand Touring or Honda CR-V EXL

Motor Trend just did a comparison of the current crop of top CUV contenders: [Motor Trend] The New Normal: Toyota RAV4 vs. Honda CR-V vs. Subaru Forester vs. Nissan Rogue and Five Other CUVs The Results: 1st Honda CR-V - The start-up chime should be DJ Khaled's "All I Do Is Win." 2nd Mazda...
by HobbesMB
Tue Feb 26, 2019 2:01 pm
Forum: Personal Finance (Not Investing)
Topic: On this Forum, is X% of Income Saved Pre-Tax or Post-Tax?
Replies: 95
Views: 7077

Re: On this Forum, is X% of Income Saved Pre-Tax or Post-Tax?

If it is your money, it is your saving. There are only 4 categories: income, taxes, saving, and expense. KlangFool Klang, I'm curious... how do you account for money set aside for larger, irregular expenses, such as housing repairs or appliance replacement, or future car purchases? Do you count fun...
by HobbesMB
Tue Feb 19, 2019 4:37 pm
Forum: Personal Consumer Issues
Topic: KeyHero? Home Depot?
Replies: 28
Views: 3390

Re: KeyHero? Home Depot?

I have a spare key stashed in a discreet location on my property. A determined thief could probably locate it if they spent enough time looking. But anybody that determined would just break a window and gain quick access.
by HobbesMB
Mon Dec 17, 2018 4:55 pm
Forum: Personal Finance (Not Investing)
Topic: Marriage and separate accounts - how does it work?
Replies: 98
Views: 6098

Re: Marriage and separate accounts - how does it work?

We have one joint account that is really just a formality and otherwise everything is separate. We split mortgage and utilities 50/50 by one spouse transferring 1/2 of our total monthly average cost for these items to the joint account and the other spouse paying the utilities and transferring the ...
by HobbesMB
Mon Nov 12, 2018 11:45 pm
Forum: Personal Consumer Issues
Topic: How long have you had, or did you have, your HP-12C calculator?
Replies: 72
Views: 3493

Re: How long have you had, or did you have, your HP-12C calculator?

I've had my HP-11C since starting college in 1985 and it still works perfectly. I have a 15C I keep at the office that is around 20 years old, also works perfectly. They both get used constantly, particularly the 15C. RPN with a stack and tons of storage locations just makes lengthy or complex calcu...
by HobbesMB
Wed Aug 15, 2018 10:03 pm
Forum: Personal Finance (Not Investing)
Topic: Downloadable Social Security Benefit Estimator (repost)
Replies: 116
Views: 23409

Re: Downloadable Social Security Benefit Estimator (repost)

The graphs are OK, but it would be nice to have an annualized SS dollar amount and the % & $ increase relative to the prior year added to the table. Can you elaborate on what you mean by annualized SS dollar amount? The actual earnings, the SS maximum, and the indexed earnings are shown in the ...
by HobbesMB
Fri Aug 10, 2018 7:25 pm
Forum: Personal Finance (Not Investing)
Topic: Biggest Threats to Financial Well-Being
Replies: 99
Views: 10174

Re: Biggest Threats to Financial Well-Being

Taking loans/money out of your retirement accounts. Money needs to go in and stay in to enjoy the benefits of compounding. Too many people use loans against that money to finance all sorts of expenses they don't need.
by HobbesMB
Tue Jun 05, 2018 10:21 am
Forum: Personal Finance (Not Investing)
Topic: SS calculator for estimated amount $ working min years 40 quarters or fixed # of years
Replies: 12
Views: 1122

Re: SS calculator for estimated amount $ working min years 40 quarters or fixed # of years

Neurosphere has an excellent spreadsheet linked in this thread:

Downloadable Social Security Benefit Estimator (repost)

It does exactly what you want, and it's easy to play around with adding or subtracting additional years of earnings and quickly seeing the results at various claiming ages.
by HobbesMB
Thu May 31, 2018 12:44 pm
Forum: Personal Finance (Not Investing)
Topic: Profile: The Road to 1Million USD
Replies: 42
Views: 9771

Re: Profile: The Road to 1Million USD

You're still young, so a lot can change over the years. But this might give you some idea of savings time frames. As mentioned, the $1 million number isn't magic. It's really your living expenses that drive your retirement target number. The Savings Rate Grid - Four Pillar Freedom https://i2.wp.com/...
by HobbesMB
Wed May 30, 2018 7:24 am
Forum: Personal Finance (Not Investing)
Topic: Can we retire in 2018?
Replies: 103
Views: 9817

Re: Can we retire in 2018?

But why would someone retire young and only live off of 50% or less of there income. Why not work longer and secure the 70-80% that will help secure a good retirement income. I doubt many are living off 50% of there income for 20-30 years then retire. It takes many 30 years to pay off there house. ...
by HobbesMB
Fri Apr 06, 2018 12:56 pm
Forum: Personal Finance (Not Investing)
Topic: Permanent DINK couples - Considerations, thoughts, etc?
Replies: 97
Views: 11267

Re: Permanent DINK couples - Considerations, thoughts, etc?

Being DINKs but living a modest lifestyle has allowed us to save a lot of money even without particularly high incomes, and we'll be retiring in 3 years (age 53). Then we'll spend the next 40 or so years doing whatever we want. The list of things we want to do in retirement is huge. We didn't have k...
by HobbesMB
Sun Mar 18, 2018 7:18 pm
Forum: Personal Consumer Issues
Topic: London Hotels
Replies: 59
Views: 5425

Re: London Hotels

We spent 3 nights in London last year and stayed at the Staybridge Suites London in Vauxhall. The place was truly a gem, and only cost us $185 a night. Everything is newly remodeled, and the rooms have a kitchenette. The place is very nice. The free breakfast was really nice also. It's walking dista...
by HobbesMB
Sun Mar 11, 2018 3:51 pm
Forum: Personal Consumer Issues
Topic: Men's Cologne
Replies: 66
Views: 7108

Re: Men's Cologne

Please, no cologne at work. Who are you trying to impress with your scent at the office anyway?

Even if nobody at work has ever complained about your cologne, I can promise you there are people there who are wishing you would stop wearing it.
by HobbesMB
Mon Feb 26, 2018 8:19 am
Forum: Personal Finance (Not Investing)
Topic: What is your credit score?
Replies: 38
Views: 2670

Re: What is your credit score?

850 for FICO based on TransUnion.
829 for FICO based on Experian.
by HobbesMB
Sun Feb 25, 2018 4:30 pm
Forum: Personal Consumer Issues
Topic: Alaska Princess Cruise: Shore excursions?
Replies: 21
Views: 1777

Re: Alaska Princess Cruise: Shore excursions?

Thanks! I’m starting to see themes. For Skagway, how did you feel about the bus and train. Would you have rather done all train? Or did the bus allow you to go farther on the train? It looks like our ship will go into Glacier Bay (won’t stop there for an excursion) so that should be good. And I wil...
by HobbesMB
Sat Feb 24, 2018 9:31 pm
Forum: Personal Consumer Issues
Topic: Alaska Princess Cruise: Shore excursions?
Replies: 21
Views: 1777

Re: Alaska Princess Cruise: Shore excursions?

My wife and I did a similar cruise a couple of years ago. We're not much for group tours, so we only did a couple of organized excursions, but enjoyed them both. We didn't book through the cruise line, even though we were aware of the warnings about the ship not waiting for late tours. The companies...
by HobbesMB
Thu Oct 19, 2017 8:29 pm
Forum: Personal Consumer Issues
Topic: Best NorthEast US Golf Getaway
Replies: 1
Views: 344

Re: Best NorthEast US Golf Getaway

Ocean City Maryland is an excellent destination for a golf getaway. They have tons of excellent courses and are very golf-focused. Plus, you're by the ocean and they have good bars/restaurants for just this kind of group weekend.