Search found 515 matches

by Rus In Urbe
Thu Nov 14, 2019 5:56 am
Forum: Personal Investments
Topic: How to combine finances with your spouse? Recently married/early30s
Replies: 65
Views: 4027

Re: How to combine finances with your spouse? Recently married/early30s

daheld This is only my opinion, but I don't believe there's a healthy, realistic way to sort of combined finances. His debt is now your debt, and your nest egg is now his nest egg. Combine it all, work on financial goals together, and share in failures and successes. That's marriage +1 Having had t...
by Rus In Urbe
Wed Nov 13, 2019 9:03 am
Forum: Personal Finance (Not Investing)
Topic: Will I be audited?
Replies: 51
Views: 4211

Re: Will I be audited?

neurosphere » Mon Nov 11, 2019 7:01 pm FIREchief wrote: ↑Mon Nov 11, 2019 6:49 pm Rus In Urbe wrote: ↑Mon Nov 11, 2019 3:39 pm Rus In Urbe wrote: ↑Mon Nov 11, 2019 12:36 pm The IRS gets reports from a Vanguard, sees the money through transfers Goal33 What kind of report is the IRS getting from Vang...
by Rus In Urbe
Mon Nov 11, 2019 3:49 pm
Forum: Personal Finance (Not Investing)
Topic: Will I be audited?
Replies: 51
Views: 4211

Re: Will I be audited?

Not in question or considered, but I wonder if people have ever taken out a short term loan or HELOC, given that money to charity for a huge tax benefit far exceeding the loan terms and paid it back quickly or with the large tax return? Sounds insane, but I don't know why that popped in my head as ...
by Rus In Urbe
Mon Nov 11, 2019 3:39 pm
Forum: Personal Finance (Not Investing)
Topic: Will I be audited?
Replies: 51
Views: 4211

Re: Will I be audited?

Rus In Urbe wrote: ↑Mon Nov 11, 2019 12:36 pm The IRS gets reports from a Vanguard, sees the money through transfers Goal33 What kind of report is the IRS getting from Vanguard? Is there an actual form? What kind of question is this? Um, Vanguard Charitable is kinda too busy to let me in on how it ...
by Rus In Urbe
Mon Nov 11, 2019 12:36 pm
Forum: Personal Finance (Not Investing)
Topic: Will I be audited?
Replies: 51
Views: 4211

Re: Will I be audited?

We established a DAF (at Vanguard) and give around that amount each year to offset taxes. The IRS gets reports from a Vanguard, sees the money through transfers, knows that once that money leaves your account and goes into the DAF it can't come out again and it is an immediate charitable contributio...
by Rus In Urbe
Mon Nov 11, 2019 8:58 am
Forum: Personal Finance (Not Investing)
Topic: I think my friend is already financially independent (through a fantastic bitcoin investment), can you confirm?
Replies: 49
Views: 6969

Re: I think my friend is already financially independent (through a fantastic bitcoin investment), can you confirm?

Not sure what this thread is about.

I think you should take your nose out of someone else's finances.

Concentrate on your own life. And finances.

The other path is one of envy, greed, despair.
by Rus In Urbe
Sat Nov 09, 2019 10:37 pm
Forum: Personal Consumer Issues
Topic: What is this sound in the house?
Replies: 28
Views: 3205

Re: What is this sound in the house?

Bats. That would be my guess. They can get into a tiny hole; and once established, they multiply and are very difficult to get rid of. Exterminator asap. Don't rest until whatever it is is eradicated..... Good luck. Keep us posted! Edited to include this: neighbors of ours have bats in a wall....a w...
by Rus In Urbe
Sat Nov 09, 2019 10:33 pm
Forum: Personal Finance (Not Investing)
Topic: Thank You BogleHeads!
Replies: 7
Views: 1415

Re: Thank You BogleHeads!

CONGRATULATIONS on all you have achieved! :sharebeer :sharebeer :sharebeer It's one thing to know what you ought to be doing----it's another thing to actually get it done. As you did, and are doing! Your list of achievements is impressive----your list of goals makes it clear you are not only on the ...
by Rus In Urbe
Thu Nov 07, 2019 7:43 am
Forum: Investing - Theory, News & General
Topic: Wait for Social Security - breakeven returns
Replies: 107
Views: 9798

Re: Wait for Social Security - breakeven returns

An often overlooked aspect of when to take SS is the line that appears on your SS statement: Total family benefits cannot be more than.... I'm retiring at 64.8 years. My FRA is 66 and 10 months. But since my spouse is already taking SS, if I take it now we are already exceeding the total by a few hu...
by Rus In Urbe
Sun Nov 03, 2019 9:24 pm
Forum: Personal Consumer Issues
Topic: Outdoor patio fountains
Replies: 6
Views: 493

Re: Outdoor patio fountains

This may not be very helpful because there isn't much information provided on what kind of fountain you are looking at. A few years ago, we purchased a used iron fountain, had a gardener install it with a stone pedestal and an electric pump----the whole thing cost about $1500. We love it. The sound ...
by Rus In Urbe
Sun Nov 03, 2019 9:14 pm
Forum: Personal Investments
Topic: How much money is really needed in retirement?
Replies: 74
Views: 9165

Re: How much money is really needed in retirement?

So what's your question again?.... Isn't the bigger issue your expected expenses in retirement? Yes. So much depends on spending... And can't you manage your expenses by moving to a low-cost area? Yes. One could. If your annual income is $1M a year, do you really need $20M in retirement? I have foun...
by Rus In Urbe
Wed Oct 30, 2019 8:39 pm
Forum: Personal Finance (Not Investing)
Topic: Apple Pay. Does anyone use it?
Replies: 178
Views: 10592

Re: Apple Pay. Does anyone use it?

I ran into a former police officer who dealt with financial fraud and identity theft.
She said that APPLE PAY is the best, most secure way of making financial transactions because the information (credit card, etc) is not shared.
Yes. Use it.
by Rus In Urbe
Wed Oct 30, 2019 8:37 pm
Forum: Personal Investments
Topic: Got Finances in Order, ready to begin investing?
Replies: 22
Views: 1606

Re: Got Finances in Order, ready to begin investing?

CONGRATULATIONS! You have made real progress. Paying off debt is hard. You are doing it. Give yourself a HUGE pat on the back. ' As others have posted, you still have the difficult job of continuing to pay off those debts. Bear down. Get it done. Only then are you ready to start investing. The truth...
by Rus In Urbe
Thu Oct 24, 2019 7:50 pm
Forum: Personal Investments
Topic: Top tax bracket for life, taking RMDs, stop making 401k contributions?
Replies: 22
Views: 1871

Re: Top tax bracket for life, taking RMDs, stop making 401k contributions?

Congrats to them. A very good problem to have. In addition to switching to the Roths.... Create a Donor Advised Fund (DAF) through Vanguard (25K minimum required and $500 minimum gifts) or through Fidelity (lower minimums). Have the tax accountant run the "sweet spot number" that will get them into ...
by Rus In Urbe
Thu Oct 24, 2019 8:38 am
Forum: Personal Finance (Not Investing)
Topic: Question About Academic Scholarships
Replies: 11
Views: 530

Re: Question About Academic Scholarships

Unless an outside funder is involved (ie. a philanthropist who donates money specifically for these scholarships, which are usually named) or government money is involved in a specific program (like PELL grants), this is a discount from the full-pay tuition. If there is no funder name or government ...
by Rus In Urbe
Thu Oct 24, 2019 8:33 am
Forum: Personal Consumer Issues
Topic: How to Know if an Old House is Reasonably Beyond Repair
Replies: 30
Views: 2412

Re: How to Know if an Old House is Reasonably Beyond Repair

Mr. Rumples My preference would be to save a house of this age, but given your description, its a tear down. +1 We live in a 1925 house and it was a fixer-upper. BUT it had great bones, great flow to the rooms, was the size we wanted in the location we desired. It had wonderful historic details tha...
by Rus In Urbe
Thu Oct 24, 2019 8:22 am
Forum: Personal Investments
Topic: balancing my retirement investments
Replies: 14
Views: 1221

Re: balancing my retirement investments

I'm your age too. By pre-tax, you mean IRAs or 401Ks and the like, subject to RMDs at 70 or so. I got that. By my calculations, you look good. And in six years you'll look better with infusions of more savings. If there is a downturn between now and then, you'll just rebalance and continue plowing i...
by Rus In Urbe
Thu Oct 24, 2019 8:06 am
Forum: Investing - Theory, News & General
Topic: A very conservative AA -- but is this advisable?
Replies: 14
Views: 1695

Re: A very conservative AA -- but is this advisable?

I'm a few years beyond 60. Our AA is 50/50. But then our expense/holdings are 33x expenses. Having more than you can possibly spend creates the possibility of being more conservative. Or, you could take the opposite view that you could take more risks. Depends entirely on your goals. As with other p...
by Rus In Urbe
Wed Oct 23, 2019 5:00 am
Forum: Personal Finance (Not Investing)
Topic: Spending Money - Surprising Low Fun Return
Replies: 58
Views: 6242

Re: Spending Money - Surprising Low Fun Return

OP: you spent money on “things.” Perhaps you should have directed that money towards experiences (vacations, travel, day trips, sporting events, etc). That may have moved the needle more than the things. +1 We too are frugal. One modest car, one modest house, lots of savings. The big bang we get fr...
by Rus In Urbe
Mon Oct 21, 2019 8:22 am
Forum: Personal Investments
Topic: High income earner waiting for a bear market to start investing
Replies: 119
Views: 12095

Re: High income earner waiting for a bear market to start investing

retireddjg wrote: That's because their real problem is fear of investing, not fear of investing when the market is doing....whatever. Yep. The enemies of wise investing are FEAR and GREED . Right now, you are afraid of loss. You are in fear mode. This is every bit as dangerous as being in greed mode...
by Rus In Urbe
Sat Oct 19, 2019 7:32 am
Forum: Personal Consumer Issues
Topic: selling house, should we put in sod to replace ugly lawn?
Replies: 45
Views: 3743

Re: selling house, should we put in sod to replace ugly lawn?

Yes. Sod. It's fast----water it a lot the first two weeks and walk in the edge of the sod to make sure they are in full contact with the soil below. Voila, instant lawn. Using sod is much quicker and more environmentally friendly than using the chemicals that kill weeds along with insects, earthworm...
by Rus In Urbe
Fri Oct 18, 2019 5:06 pm
Forum: Personal Investments
Topic: Retiring and Getting Over The Fear of Quitting?
Replies: 84
Views: 9787

Re: Retiring and Getting Over The Fear of Quitting?

OP wrote: How do I want to live? Simply. Garden a bit, even though I seem to kill grass just by looking at it. Perhaps have a dog to walk in a leafy, tree-lined and pleasantly cool neighborhood. Barbecue every so often on a Weber charcoal grill. That sort of thing. Nothing spectacular. The more low...
by Rus In Urbe
Thu Oct 17, 2019 8:01 am
Forum: Personal Finance (Not Investing)
Topic: What percent of net worth should a persons house be?
Replies: 141
Views: 10313

Re: What percent of net worth should a persons house be?

Well, I'll be odd one out. I find this a useful metric. If your house is a larger percentage of your net worth, it means you are also spending a lot more on taxes, upkeep, maintenance, etc. Primary real estate is not an investment (unless you are in the rental business or a practiced flipper) and IM...
by Rus In Urbe
Mon Oct 14, 2019 6:00 pm
Forum: Investing - Theory, News & General
Topic: What would have to happen for...
Replies: 14
Views: 1935

Re: What would have to happen for...

Locking up capital for 20-30 years at such a low rate, well that depends on the rest of the portfolio. But there are far better (and FDIC insured) options around. If you keep your eyes open, the surges and dips give one great buying opportunities. I am holding some 1-5 yr CDs that get 3%-3.4%. One o...
by Rus In Urbe
Thu Oct 10, 2019 4:02 pm
Forum: Investing - Theory, News & General
Topic: Motley Fool
Replies: 21
Views: 2877

Re: Motley Fool

Back in the day when Motley Fool got started (1993) they released some interesting books on investing and had a process that was not too bad. But now? Good grief. MF has devolved into noise, ad-driven outdated drivel. No, no, no. Don't waste your time or money on them.... You may as well read the pa...
by Rus In Urbe
Tue Oct 08, 2019 7:26 am
Forum: Personal Finance (Not Investing)
Topic: Yet Another Paying Off Mortgage Thread
Replies: 27
Views: 2955

Re: Yet Another Paying Off Mortgage Thread

IowaFarmBoy » Sun Oct 06, 2019 7:09 pm If you don't pay it off, will you just invest it like your existing portfolio with a 50-50 allocation? If so, is there anywhere you can earn a safe 3.5% on the fixed portion? Since I'm not aware of anywhere I could earn that return, I'd pay off the mortgage an...
by Rus In Urbe
Sun Sep 08, 2019 1:01 pm
Forum: Personal Investments
Topic: Windfall - Investment Advice
Replies: 18
Views: 1951

Re: Windfall - Investment Advice

1. slow down. the deal isn't done yet. 2. don't talk about it to anyone in your life except your spouse. no one. 3. needless to say, if word gets out, you'll have con artists and poor relatives everywhere. 4. once the $ is in the bank, then take your time to figure your investment plan. 5. change is...
by Rus In Urbe
Sun Sep 08, 2019 12:52 pm
Forum: Personal Finance (Not Investing)
Topic: Girlfriend/Living Will/Trust question...
Replies: 19
Views: 2011

Re: Girlfriend/Living Will/Trust question...

Even more than the money mess, I'm just sorry to read that you father has treated you (and others) this way. The loss of any kind of decent relationship with your father is a loss that can't be made up, although it sounds like you have made your peace with it and understand how it has affected you. ...
by Rus In Urbe
Sun Sep 08, 2019 12:41 pm
Forum: Personal Finance (Not Investing)
Topic: Advice on selling real estate (Family Property)
Replies: 19
Views: 1249

Re: Advice on selling real estate (Family Property)

Clemblack wrote: I suggest offering family members first refusal. If nobody bites, list the house. That was the first thought that came to my mind but then I realized---- 1. A family member might want you to give them a whopping discount on the price. 2. A family member might exert undue pressure i...
by Rus In Urbe
Sun Sep 08, 2019 12:27 pm
Forum: Personal Investments
Topic: Is it a right time to start invest ?
Replies: 27
Views: 2729

Re: Is it a right time to start invest ?

Welcome to the forum. You got some great advice upthread. There are many different ways of reminding you that the "right time" is now; that market timing does not work; that Bogleheads values, if followed over the long-haul, will make you wealthy. Rather than worrying over the market, simply put a p...
by Rus In Urbe
Sat Sep 07, 2019 7:12 am
Forum: Personal Finance (Not Investing)
Topic: Obsessing about money and investing
Replies: 21
Views: 2286

Re: Obsessing about money and investing

+2 Seek help. Try to grapple with what money actually means to you. Money is a means to an end. Not the end itself. Once you set up your finances, then pat yourself on the back. Give yourself a reward. Find some pleasure. Or perhaps donate some of your time to help others----perhaps you need to get ...
by Rus In Urbe
Wed Sep 04, 2019 7:15 am
Forum: Personal Investments
Topic: How do you let go of decisions that turned out to be the wrong ones?
Replies: 63
Views: 5153

Re: How do you let go of decisions that turned out to be the wrong ones?

Great thread....I learned many NEW techniques for forgiving myself for past decisions (LOL find someone else to blame!) ----not that I spend a lot of time kicking myself frankly. I have a wise friend who taught me to say this: That was then. This is now. That helps me a lot whenever I find my though...
by Rus In Urbe
Tue Sep 03, 2019 8:04 am
Forum: Personal Finance (Not Investing)
Topic: Cash & Checkbook Register Reconciliation
Replies: 83
Views: 5129

Re: Cash & Checkbook Register Reconciliation

mrc No I haven't balanced a checkbook for about 7 years, for three reasons: First, everything is available online at the bank's website. Second, I write very few checks. I do check credit card statements, and watch EFTs to pay utilities, CC balances. Finally, the checking account balance is suffici...
by Rus In Urbe
Sun Sep 01, 2019 8:43 am
Forum: Non-US Investing
Topic: Four year review - Way forward or am I doing something wrong?
Replies: 19
Views: 2515

Re: Four year review - Way forward or am I doing something wrong?

You're doing fine! At the beginning of investing, the most important factor is how much you save, not what returns you are getting. Sounds hard to believe, but it's true. So concentrate all your efforts into squeezing the dollars into your investment accounts, keeping your fees low (Vanguard, thanks...
by Rus In Urbe
Sun Sep 01, 2019 8:30 am
Forum: Personal Investments
Topic: Timing a Down Market
Replies: 28
Views: 3453

Re: Timing a Down Market

You got some good advice here upthread. We never hold cash to "time a down market" because my crystal ball got lost somewhere. My DH is retired and I'm retiring in December. Throughout our accumulation phase, we had a very aggressive AA (even more aggressive during the depths of the Great Recession)...
by Rus In Urbe
Sun Sep 01, 2019 8:14 am
Forum: Personal Investments
Topic: Avoid grandson poverty
Replies: 76
Views: 9674

Re: Avoid grandson poverty

Casimir \ Our 21 year old grandson started college but dropped out after 2 years. He lives in his parents home and pays a small rent. His parents also pay his medical insurance. He has a part time job bussing tables at a chinese restaurant. He has no ambition to even look for full time employment e...
by Rus In Urbe
Sun Sep 01, 2019 7:45 am
Forum: Personal Consumer Issues
Topic: How to help niece improve her driving
Replies: 94
Views: 6169

Re: How to help niece improve her driving

It's great you are on top of this before some child or pedestrian or other driver is killed by your niece! She seems a bit sanguine about the whole thing. Is it possible she has an attention deficit disorder that interferes with her concentration? Just asking, as this can be a big problem for driver...
by Rus In Urbe
Sat Aug 31, 2019 8:04 am
Forum: Personal Finance (Not Investing)
Topic: When was the most stressful financial time in your life?
Replies: 142
Views: 22513

Re: When was the most stressful financial time in your life?

Two times: 1. In my early twenties, off on my own and with divorcing parents who were definitely not going to provide any backstop for me. To make matters worse, I had an extremely rich, over-privileged relative of my age who was free to do whatever with no consequences financially. I put my head do...
by Rus In Urbe
Thu Aug 29, 2019 8:04 am
Forum: Investing - Theory, News & General
Topic: Is medium/long term planning (>5 yrs) useless?
Replies: 20
Views: 1183

Re: Is medium/long term planning (>5 yrs) useless?

GAAP I see planning as a continuum -- you take your best shot at a period of time, and revise it as you go along. Five years from now should look different. It's not the Soviet Union -- you don't need a "Five Year Plan" that you march to in lockstep (and probably lie to yourself along the way). :th...
by Rus In Urbe
Thu Aug 29, 2019 7:17 am
Forum: Personal Finance (Not Investing)
Topic: Pay off mortgage with sale of taxable account assets?
Replies: 87
Views: 4906

Re: Pay off mortgage with sale of taxable account assets?

I am a HUGE FAN of paying off the mortgage. That said, looking at your entire situation, (by my way of thinking anyway), you are right on the line in terms of hold ya or raise ya. I'm as guilty as the next person of sometimes falling into the "all or nothing" thinking. My advice is: Take it in stage...
by Rus In Urbe
Wed Aug 28, 2019 12:44 pm
Forum: Investing - Theory, News & General
Topic: Is medium/long term planning (>5 yrs) useless?
Replies: 20
Views: 1183

Re: Is medium/long term planning (>5 yrs) useless?

David Jay » Wed Aug 28, 2019 1:36 pm There needs to be a balance. More finite planning in the near term, more generalized planning 5-10 years out. I stole this quote somewhere, don’t remember the source: “Having a plan and making adjustments is flexibility, having no plan is anarchy”. THIS. So what...
by Rus In Urbe
Tue Aug 27, 2019 2:08 pm
Forum: Personal Consumer Issues
Topic: Mouse invasion!
Replies: 68
Views: 4274

Re: Mouse invasion!

Whatever you do, do it immediately!

Mice breed really quickly (5-10 times a year with an average of 6-8 babies---you do the math).

And if you see one mouse, you've got more than one around. :twisted:

Good luck! Rus
by Rus In Urbe
Sun Aug 25, 2019 8:29 pm
Forum: US Chapters
Topic: To Avatar or Not - Get One? How did you choose?
Replies: 147
Views: 14193

Re: To Avatar or Not - Get One? How did you choose?

well, heck. I guess it's time for me to figure out how to do this and what to avatar myself with.... humph. :mrgreen:
by Rus In Urbe
Sun Aug 25, 2019 8:20 pm
Forum: Personal Finance (Not Investing)
Topic: What do you think about this $4M house idea?
Replies: 103
Views: 7955

Re: What do you think about this $4M house idea?

I would walk; no, I would run. :thumbsup While I don't have a crystal ball, I can tell you that real estate is super expensive right now, and prices are softening in some markets. Every location is different but you could be getting into a deal where you are left holding the bag. I've seen that mov...
by Rus In Urbe
Sun Aug 25, 2019 10:43 am
Forum: Investing - Theory, News & General
Topic: A theory of one's general investing mindset: 'Good enough' or 'Optimize'
Replies: 297
Views: 13463

Re: A theory of one's general investing mindset: 'Good enough' or 'Optimize'

To answer OP's question: BOTH. I don't know everything. I am learning something every day about investing. I don't know where the market is heading (neither does anyone else of course). So. Today I'm optimizing. I'm doing the best I can. But with the caveat that this is based on my current, limited ...
by Rus In Urbe
Sun Aug 25, 2019 10:27 am
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 1091
Views: 307917

Re: Share your net worth progression

Stoptothink wrote: I might write myself a $3M check and frame it and put it right next to the title of our home (~1.5 year to mortgage freedom). Thanks for the story. Wow. Your story is much more inspirational than mine, as you have climbed some amazing mountains! Congratulations to you and your spo...
by Rus In Urbe
Sun Aug 25, 2019 8:30 am
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 1091
Views: 307917

Re: Share your net worth progression

Just a couple of decades ago, when I was divorcing first spouse and losing a whole bunch of my net worth; I was worth about $250K down from well over six figures. I sat down and made a list of what I wanted to happen next in life (including another, more suitable life-partner, an historic home, a ga...
by Rus In Urbe
Sat Aug 24, 2019 7:39 am
Forum: Personal Consumer Issues
Topic: Do burglars steal and use paperwork?
Replies: 39
Views: 4844

Re: Do burglars steal and use paperwork?

Interesting discussion about what burglars want to take.... Yes, burglars are not always the brightest bulbs. The only time I was burglarized was in a top-floor walk-up Manhattan apartment. I came home at midnight to hear their little feet running around inside, so I went to the neighbors across the...
by Rus In Urbe
Fri Aug 23, 2019 3:29 pm
Forum: Personal Finance (Not Investing)
Topic: Financially independent - now completely lost
Replies: 30
Views: 5654

Re: Financially independent - now completely lost

Dear OP.... First of all, a big congratulations on financial independence, which gives you and your family security. :thumbsup :thumbsup :thumbsup Yes, make sure that you have fully funded everything you need for the future and their future. "The pursuit of happiness" are the unusual words that appe...
by Rus In Urbe
Thu Aug 22, 2019 9:08 am
Forum: Personal Investments
Topic: When Did You Ease Up On Saving Aggressively?
Replies: 170
Views: 13800

Re: When Did You Ease Up On Saving Aggressively?

I'm retiring in December and we eased up a bit about five years ago. Our mortgages on two properties were paid off, we had long passed the 25x number and, even with increased luxury spending, we were on target to hit the more conservative number we wanted. As retirement came into view, we've been sp...