Search found 21 matches

by 4nickt
Tue Dec 29, 2020 3:12 pm
Forum: Personal Consumer Issues
Topic: 60 Year Old Couple Relocating from Illinois to Florida - Need Input on Best Way to Move Household
Replies: 52
Views: 4330

Re: 60 Year Old Couple Relocating from Illinois to Florida - Need Input on Best Way to Move Household

We recently relocated to Il from CA using a national moving company. They packed and unpacked items at both houses. Its worth the extra expense and headache to let them do it. Moving is stressful enough without driving your goods, and packing/unpacking. The driver was good and kept us informed of an...
by 4nickt
Tue Nov 17, 2020 5:13 pm
Forum: Personal Finance (Not Investing)
Topic: Active Adult Retirement Communities
Replies: 63
Views: 10033

Re: Active Adult Retirement Communities

Check out Sun City West, AZ (Corte Bella retirement community). Stayed there several times with friends. Lots of activities especially golf related. About 300K for very nice 2+ BR home with pool. Gated and well maintained. Low dues with clubhouse, pool, gym, rest...ect. Next, if you like a younger c...
by 4nickt
Sat Jul 18, 2020 12:16 pm
Forum: Personal Finance (Not Investing)
Topic: Can an HOA levy a transfer fee without a vote?
Replies: 16
Views: 1100

Re: Can an HOA levy a transfer fee without a vote?

I was on a SF condo board and we never assessed a transfer fee. That said, we should have to fund repairs etc... If I were you I would refuse to pay the fee, and let the HOA enforce its rules 9 times out of 10 ALL rules are not enforced. They could potentially block sale by placing a lien but that i...
by 4nickt
Sat Jul 18, 2020 12:09 pm
Forum: Personal Consumer Issues
Topic: AC experts, what would you do?
Replies: 62
Views: 4170

Re: AC experts, what would you do?

A good friend is an AC/Heating guy and the first thing he does is replace the $20 "run capacitor" its the first thing to look at. Its basically 4 screws to remove the cover (see youtube) and replace with new capacitor. This is essentially the "battery" to get the unit going. The ...
by 4nickt
Thu Jul 02, 2020 3:51 pm
Forum: Personal Investments
Topic: First Roth IRA Portfolio
Replies: 45
Views: 2304

Re: First Roth IRA Portfolio

You will absolutely "break" the poverty or poor background you mentioned. We were poor trailer trash at the ripe age of 19 and now live comfortably with 5ml + net worth. Invest wisely, don't use a broker or friend to manage your money. The Roth account should be the "last" nickel...
by 4nickt
Thu Jul 02, 2020 3:36 pm
Forum: Personal Finance (Not Investing)
Topic: Job offer in Bay area - things to consider?
Replies: 68
Views: 6793

Re: Job offer in Bay area - things to consider?

First, Congratulations on this fantastic opportunity for you and your family. We lived in SF (South Beach) and Pac Heights for 12 years and absolutely loved it. Financially speaking it was great because of pay, benefits, and "cashing" out when its time to sell real estate. Best advice we c...
by 4nickt
Tue May 19, 2020 9:13 pm
Forum: Personal Finance (Not Investing)
Topic: 20 year Term Life insurance—keep or renew?
Replies: 21
Views: 1506

Re: 20 year Term Life insurance—keep or renew?

I have no b/g in life insurance sales. that said I would stick with option 1. it gives you best coverage for years you need it most. you may want to consider adding 100-250K term for 10-20 years. this will help with kids god forbid the worst happens during those early years before retirement. either...
by 4nickt
Thu Apr 23, 2020 1:51 pm
Forum: Personal Investments
Topic: Moving assets from ML to Vanuard
Replies: 2
Views: 198

Re: Moving assets from ML to Vanuard

You are making a smart move by transferring the assets to VG. That said, we recently had funds transferred to VG from other retirement accounts and the process takes at least 3-4 weeks. First, you will notify ML that you plan to liquidate/transfer the accounts and move everything into cash. About th...
by 4nickt
Thu Apr 23, 2020 1:03 pm
Forum: Personal Finance (Not Investing)
Topic: Pending military PCS, sell townhouse or rent out from afar?
Replies: 26
Views: 922

Re: Pending military PCS, sell townhouse or rent out from afar?

First, good luck with the move and new post. I'm a retired Fed with three PCS moves across country. Additionally, my wife's corporate PCS was our last move. In each case we sold our property (even our condo in SF) and never looked back. I don't recommend becoming a long distance landlord. If there w...
by 4nickt
Tue Mar 17, 2020 7:45 pm
Forum: Investing - Theory, News & General
Topic: Why do people say "its only on paper, its not a real loss"
Replies: 142
Views: 7592

Re: Why do people say "its only on paper, its not a real loss"

Couldn't have said it any better. I have told my "market timing" colleagues the same thing. As well as my spouse who wakes up reading the financial pages and suddenly wants to jump into cash. quote=valuables post_id=5103292 time=1584417577 user_id=157184] easier to rationalize losses if yo...
by 4nickt
Mon Mar 16, 2020 6:33 pm
Forum: Personal Finance (Not Investing)
Topic: Can’t believe I am about to Pay-off a 2.75% Mortgage
Replies: 25
Views: 3519

Re: Can’t believe I am about to Pay-off a 2.75% Mortgage

Absolutely a great idea. I would love to be in your position. However, in about 10 years we are planning to cash in as well, and pay off 975K loan on 2ml. house. We will be 72 and our portfolio will be 50/50 with enough funds to live happily in retirement. You will not regret your decision. Obviousl...
by 4nickt
Wed Jan 03, 2018 5:26 pm
Forum: Personal Investments
Topic: Early Retirement Planning Advice
Replies: 43
Views: 5270

Re: Early Retirement Planning Advice

sorry. it was not my intention. i just joined the site. posted a few comments and thought it may be insightful for others to read. still trying to figure out rules/policies as someone has told me that a statement of mine "SS is under attack" is too political and flagged. Really? Is there s...
by 4nickt
Wed Jan 03, 2018 3:36 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security at age 62 perhaps?
Replies: 57
Views: 7026

Re: Social Security at age 62 perhaps?

Lastly, the new tax law reduces all SS payments using chained CPI for the future. This is a BIG deal, but most people don’t seem to know or care. Do you have a source or a citation for this? I would like to read about it. [OT comments removed by admin LadyGeek] Chained CPI over a few years is nothi...
by 4nickt
Wed Jan 03, 2018 1:51 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security at age 62 perhaps?
Replies: 57
Views: 7026

Re: Social Security at age 62 perhaps?

Both my Dad and FIL took SS @ 62 and each had about 20 more years of life after that. Both said they wanted to travel and enjoy life before nature took it's course. Despite reasonable health, they went downhill quickly and both said they were glad they retired when they did, with no regrets. I'm 60...
by 4nickt
Wed Jan 03, 2018 10:10 am
Forum: Personal Investments
Topic: Early Retirement Planning Advice
Replies: 43
Views: 5270

Re: Early Retirement Planning Advice

Simple rule of thumb- you will need at least80% of what you earn now, excluding SS to retire comfortably. That's a terrible rule of thumb. I was spending about 20% of what I earned before I retired and my spending didn't multiply by 4 in retirement. For some the required spending might even be more...
by 4nickt
Wed Jan 03, 2018 9:48 am
Forum: Personal Investments
Topic: Early Retirement Planning Advice
Replies: 43
Views: 5270

Re: Early Retirement Planning Advice

Simple rule of thumb- you will need at least80% of what you earn now, excluding SS to retire comfortably. SS should be taken at 62 and reinvested 60/40 equity index fund and total bond market index. You should not plan on completely retiring if you have to take withdrawals before age 65-69. By work...
by 4nickt
Tue Jan 02, 2018 10:33 pm
Forum: Personal Investments
Topic: Early Retirement Planning Advice
Replies: 43
Views: 5270

Re: Early Retirement Planning Advice

Simple rule of thumb- you will need at least80% of what you earn now, excluding SS to retire comfortably. SS should be taken at 62 and reinvested 60/40 equity index fund and total bond market index. You should not plan on completely retiring if you have to take withdrawals before age 65-69. By worki...
by 4nickt
Tue Jan 02, 2018 10:17 pm
Forum: Personal Consumer Issues
Topic: What non fiction book will you be reading in 2019?
Replies: 198
Views: 20891

Re: What non fiction book will you be reading in 2018?

Black Dog of Fate by Peter Balakian. 10th anniversary edition. A memoir of the Armenian past. Incredible family story of horror and genocide by Turkey that has never been fully understood by most people.
by 4nickt
Tue Jan 02, 2018 10:05 pm
Forum: Personal Finance (Not Investing)
Topic: Taking on a new mortgage, but how much?
Replies: 9
Views: 1338

Re: Taking on a new mortgage, but how much?

Yours is a good problem to have for most folks. That said R/E is part of of your overall portfolio and you should look at where you live, and how long you plan to live there as prime considerations for how much to borrow. You are not crazy for moving up to 1.2. Ml if it’s in a desirable urban area. ...
by 4nickt
Tue Jan 02, 2018 9:50 pm
Forum: Personal Investments
Topic: Please help me reallocate my 401K and Roth IRA
Replies: 6
Views: 658

Re: Please help me reallocate my 401K and Roth IRA

Hi- as a general rule I avoid target funds. The fees are higher than total market index and 500 index as well as total bond market index fund. You can do the same diversification on your own and save money by sticking with a diversified plan e.g. 35 years old, 90/10 equities to bonds, and so forth. ...
by 4nickt
Thu Dec 28, 2017 6:04 pm
Forum: Personal Investments
Topic: Now, here it is: My 40 Year Investment Plan. I would appreciate any advice!
Replies: 29
Views: 3556

Re: Now, here it is: My 40 Year Investment Plan. I would appreciate any advice!

First, congratulations on your investment savings and plan for the future. Your future is very bright. A few words of wisdom-stick with a diversified plan e.g. 90/10, 60/40 as you reach age sixty. Invest in index funds 500 or total market including international ( low cost and historically out perfo...