Search found 3531 matches

by JoeRetire
Thu Nov 21, 2019 8:46 am
Forum: Personal Finance (Not Investing)
Topic: Equal Inheritance for Children
Replies: 77
Views: 7346

Re: Equal Inheritance for Children

My thinking was that we will deduct the $90K from her inheritance and allocate it to daughter #1 whenever that happens but now I realize 90K is not worth the same in today's dollars as it might be in 20 or 30 years. Any thoughts as how to be fair to both daughters so that it doesn't cause issues be...
by JoeRetire
Wed Nov 20, 2019 12:20 pm
Forum: Personal Consumer Issues
Topic: Should my retired parents get insurance with a death benefit?
Replies: 10
Views: 417

Re: Should my retired parents get insurance with a death benefit?

Does it make financial sense for me to ask them to get a policy (I would pay the premiums) that would pay a death benefit to me and my sister or would that cost too much in premiums and therefor not be worth it? If you want to cash in on their deaths, you can ask about insurance. The insurance comp...
by JoeRetire
Wed Nov 20, 2019 7:15 am
Forum: Investing - Theory, News & General
Topic: How should a pension be viewed? Fixed income?
Replies: 32
Views: 1787

Re: How should a pension be viewed? Fixed income?

If someone will be receiving a partial federal pension, would that allow for a higher percentage of equities in their retirement account? Possibly. let’s say for this questions, the person will eventually receive a pension equal to 25% of their future salary and they have 20 years remaining to that...
by JoeRetire
Wed Nov 20, 2019 6:57 am
Forum: Personal Investments
Topic: 529 in S&P fund, child senior in HS
Replies: 18
Views: 912

Re: 529 in S&P fund, child senior in HS

novillero wrote:
Wed Nov 20, 2019 5:43 am
I am thinking of taking it all and transferring it to something extremely safe. I don’t trust the immediate future.
That makes complete sense to me.
by JoeRetire
Tue Nov 19, 2019 9:52 pm
Forum: Personal Investments
Topic: How Do I Invest My Mom's $180,000 Estate?
Replies: 11
Views: 1274

Re: How Do I Invest My Mom's $180,000 Estate?

rootbeerpies wrote:
Tue Nov 19, 2019 1:40 pm
if it was up to me, I'd move it to E-Trade but my cousin likely won't approve.
Why not?
by JoeRetire
Tue Nov 19, 2019 9:50 pm
Forum: Personal Finance (Not Investing)
Topic: Benefits for Widow of a Veteran
Replies: 6
Views: 632

Re: Benefits for Widow of a Veteran

Hi - My father recently passed away and was a veteran in Vietnam. Sorry for your loss. He did not pass away from a war-time related illness. I was wondering what benefits are available for my mother, if any. We were able to bury my father at the VA cemetery. I see their is a survivor spouse pension...
by JoeRetire
Tue Nov 19, 2019 4:24 pm
Forum: Personal Consumer Issues
Topic: TV purchase -- 55" or 65" vs viewing distance
Replies: 34
Views: 2610

Re: TV purchase -- 55" or 65" vs viewing distance

https://www.crutchfield.com/S-2c4SHJ94k ... ement.html

"Go with the largest screen your room, viewing distance, and budget will accommodate. "

You need at least an 80" television. Anything less is just cheaping out.
by JoeRetire
Tue Nov 19, 2019 2:50 pm
Forum: Personal Consumer Issues
Topic: computers/programs/sites changing
Replies: 24
Views: 1665

Re: computers/programs/sistes changing

If your computer use is basically limited to surfing the web and not a lot more, get a Chromebook.
by JoeRetire
Tue Nov 19, 2019 2:48 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage relief for an estate after Death
Replies: 2
Views: 313

Re: Mortgage relief for an estate after Death

My uncle passed recently and it will take a few months or longer to settle out the estate. The estate has a house/residences with a 30 year mortgage with a 48k balance and 8 years to go. The plan is to sell the house, but the estate may not have enough cash to carry the house until it is sold. The ...
by JoeRetire
Tue Nov 19, 2019 2:42 pm
Forum: Investing - Theory, News & General
Topic: market went down in 2018, so why do people forget that
Replies: 48
Views: 4916

Re: market went down in 2018, so why do people forget that

But it's very worthwhile noting that the long bull market did not feel that way at all when we were actually in one of those notches. Whenever you choose an arbitrary slice of time you can feel differently than if you focus on the long haul. May was down, why do people forget that? Oct 31st was dow...
by JoeRetire
Tue Nov 19, 2019 2:30 pm
Forum: Personal Investments
Topic: Early retirement: Roth Conversions or Traditional IRA?
Replies: 12
Views: 1095

Re: Early retirement: Roth Conversions or Traditional IRA?

I am planning on retiring early at the age of 32. I have a previous employer's 401k still invested with them, however their options aren't perfect and there is a $40/year maintenance fee. SInce you are planning to retire at 32, I'm guessing that $40/year isn't really a big issue? I checked the fees...
by JoeRetire
Tue Nov 19, 2019 2:29 pm
Forum: Investing - Theory, News & General
Topic: Rebalancing
Replies: 14
Views: 938

Re: Rebalancing

I know lots of folks rebalance their portfolios every year or quarter. WHEN to rebalance seems to based on TIME. I was wondering if anyone rebalances based on the CHANGE in an index. Yes, some do that. Is their a down side to this strategy? You may need to rebalance more often during periods of flu...
by JoeRetire
Tue Nov 19, 2019 7:45 am
Forum: Personal Consumer Issues
Topic: Looking for a charity giving Christmas experience
Replies: 44
Views: 2056

Re: Looking for a charity giving Christmas experience

Pomegranate wrote:
Mon Nov 18, 2019 8:00 pm
For example, 'Mary, 6, soccer ball' makes sense for me but 'JoeRetire, 55, BMW X6' sounds weird :sharebeer
It's very weird.

Everyone knows that Mary plays softball, not soccer!
by JoeRetire
Tue Nov 19, 2019 7:37 am
Forum: Investing - Theory, News & General
Topic: market went down in 2018, so why do people forget that
Replies: 48
Views: 4916

Re: market went down in 2018, so why do people forget that

"market went down in 2018, so why do people forget that"

Never forget!
by JoeRetire
Mon Nov 18, 2019 10:03 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance mortgage - Triumph
Replies: 3
Views: 687

Re: Refinance mortgage - Triumph

meemow wrote:
Mon Nov 18, 2019 9:16 pm
2) How do I know when to stop doing this daily rate comparison? I am able to use various loan estimates to make offers more competitive, but I dislike playing this game. Plus I'm tired of having my voicemail and email inbox flooded.
Stop now.

You are welcome.
by JoeRetire
Mon Nov 18, 2019 8:07 pm
Forum: Personal Consumer Issues
Topic: Looking for a charity giving Christmas experience
Replies: 44
Views: 2056

Re: Looking for a charity giving Christmas experience

I was donating items for Angel tree charity few times but this year got a mixed feelings. Tree in the office is covered by ‘Ann, 20 yrs old, watches’ or ‘Mike, 18 yrs old, ipad pro’ :annoyed I mean I also was short of money when I was a teen but I was already working in fast food when I was 18 to g...
by JoeRetire
Mon Nov 18, 2019 8:04 pm
Forum: Personal Investments
Topic: Early retirement: Roth Conversions or Traditional IRA?
Replies: 12
Views: 1095

Re: Early retirement: Roth Conversions or Traditional IRA?

zarzaquemada wrote:
Mon Nov 18, 2019 7:48 pm
I am planning on retiring early at the age of 32.

I have a previous employer's 401k still invested with them, however their options aren't perfect and there is a $40/year maintenance fee.
SInce you are planning to retire at 32, I'm guessing that $40/year isn't really a big issue?
by JoeRetire
Mon Nov 18, 2019 7:57 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare Advantage Plans
Replies: 17
Views: 1371

Re: Medicare Advantage Plans

At zero premium?? "Zero premium" doesn't mean that the insurance company gets 0 money. "How are Medicare Advantage Plans Funded Unlike Medicare Parts A & B and Part D, Medicare Advantage is provided by private insurers. Each year a set amount is allocated for each Medicare Advantage enrollee to the...
by JoeRetire
Mon Nov 18, 2019 7:49 pm
Forum: Personal Consumer Issues
Topic: Looking for a charity giving Christmas experience
Replies: 44
Views: 2056

Re: Looking for a charity giving Christmas experience

I was donating items for Angel tree charity few times but this year got a mixed feelings. Tree in the office is covered by ‘Ann, 20 yrs old, watches’ or ‘Mike, 18 yrs old, ipad pro’ :annoyed I mean I also was short of money when I was a teen but I was already working in fast food when I was 18 to g...
by JoeRetire
Mon Nov 18, 2019 7:45 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare Advantage Plans
Replies: 17
Views: 1371

Re: Medicare Advantage Plans

boater07 wrote:
Mon Nov 18, 2019 7:41 pm
I doubt very much that these are money losers for the co's. I can only suspect
reduced payouts. :confused
Why suspect reduced payouts?

You seem to be assuming that it's not possible to still make a lot of money with normal payouts. That would be an incorrect assumption.
by JoeRetire
Mon Nov 18, 2019 7:41 pm
Forum: Personal Finance (Not Investing)
Topic: Why are most insurance products to protect against catastrophe but vision & dental insurance are for ordinary use?
Replies: 42
Views: 3215

Re: Why are most insurance products to protect against catastrophe but vision & dental insurance are for ordinary use?

wiggal wrote:
Mon Nov 18, 2019 7:38 pm
Does anyone know why dental and vision insurance works on a different business model? How do these businesses make money if it's cheaper to pay for insurance instead of paying everything out of pocket?
Because they have found that people were willing to pay for their products.
by JoeRetire
Mon Nov 18, 2019 7:40 pm
Forum: Investing - Theory, News & General
Topic: Buying a house, Retired, Trad IRA or Roth or Finance it
Replies: 11
Views: 680

Re: Buying a house, Retired, Trad IRA or Roth or Finance it

That does tend to make the living situation challenging, does it not? (shrug) It happens all the time. Particularly in a good market, it's not that much of a challenge. I would much rather carry a mortgage for a few months vs. having to move twice and pay month-to-month rent. That's understandable....
by JoeRetire
Mon Nov 18, 2019 5:19 pm
Forum: Investing - Theory, News & General
Topic: Buying a house, Retired, Trad IRA or Roth or Finance it
Replies: 11
Views: 680

Re: Buying a house, Retired, Trad IRA or Roth or Finance it

timewarp wrote:
Mon Nov 18, 2019 8:52 am
How should I withdraw or finance the new house, knowing I will sell this house?
Why don't you sell this house first, before you purchase the new house?
by JoeRetire
Mon Nov 18, 2019 5:14 pm
Forum: Personal Finance (Not Investing)
Topic: More retirees have a mortgage
Replies: 116
Views: 7548

Re: More retirees have a mortgage

We must be careful as well not to project our own risk assessments onto others. I might view the long-term risk of stock ownership very differently than someone else. That doesn't make me right and them wrong, nor vice versa. It's a difference of perspective without a clearly objective answer. Yup....
by JoeRetire
Mon Nov 18, 2019 5:04 pm
Forum: Personal Finance (Not Investing)
Topic: At What Point Did You Realize You Made It?
Replies: 48
Views: 7156

Re: At What Point Did You Realize You Made It?

I am 33 years old with roughly $320,000 invested net worth I understand much could change in my many years before retirement. My questions are: 1. In your opinion, how am I actually doing? 2. Would you feel relatively comfortable if you were in the same spot? You are doing fine. If I were in your s...
by JoeRetire
Mon Nov 18, 2019 4:55 pm
Forum: Personal Investments
Topic: Do you regret rebalancing over the last few years?
Replies: 66
Views: 5386

Re: Do you regret rebalancing over the last few years?

Caduceus wrote:
Sun Nov 17, 2019 1:55 am
Do you regret it?
No regerts! :happy
by JoeRetire
Mon Nov 18, 2019 4:52 pm
Forum: Personal Finance (Not Investing)
Topic: More retirees have a mortgage
Replies: 116
Views: 7548

Re: More retirees have a mortgage

What you might be getting at is that any withdrawal strategy will result in retirees withdrawing some amount of cash, which is obviously correct. Thank you. That's indeed what I was getting at. You can choose to reduce your sequence of returns risk if you are afraid. But it won't go away by just ge...
by JoeRetire
Mon Nov 18, 2019 4:46 pm
Forum: Personal Finance (Not Investing)
Topic: More retirees have a mortgage
Replies: 116
Views: 7548

Re: More retirees have a mortgage

Do you disagree with the widely held definition of sequence of returns risk itself? If not, then there's nothing to disagree about because we're talking about straightforward math. A mortgage represents an fixed outflow of cash that must be paid every month, even if your portfolio is tanking. Just ...
by JoeRetire
Mon Nov 18, 2019 12:36 pm
Forum: Personal Finance (Not Investing)
Topic: More retirees have a mortgage
Replies: 116
Views: 7548

Re: More retirees have a mortgage

HATED the idea of taking money out of a 401k to pay taxes on for a mortgage. For some people, that could effect a ACA subsidy. Yup, that could be bad. Paid off has a "sleep at night" factor Did you have to take money out of your 401k to pay off your mortgage? I'm guessing you would hate that too. A...
by JoeRetire
Mon Nov 18, 2019 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: More retirees have a mortgage
Replies: 116
Views: 7548

Re: More retirees have a mortgage

We can pretty definitively say that unless retirees have guaranteed income capable of satisfying all of their essential spending, including their mortgage, then retaining a mortgage increases their sequence of returns risk. Holding any equities at all increases the sequence of returns risk over not...
by JoeRetire
Mon Nov 18, 2019 12:06 pm
Forum: Personal Finance (Not Investing)
Topic: More retirees have a mortgage
Replies: 116
Views: 7548

Re: More retirees have a mortgage

We can pretty definitively say that unless retirees have guaranteed income capable of satisfying all of their essential spending, including their mortgage, then retaining a mortgage increases their sequence of returns risk. Holding any equities at all increases the sequence of returns risk over not...
by JoeRetire
Mon Nov 18, 2019 9:36 am
Forum: Personal Investments
Topic: Not retired at 71 [need SEP advice]
Replies: 20
Views: 1593

Re: Not retired at 71 [need SEP advice]

Seas wrote:
Mon Nov 18, 2019 6:16 am
I don't want to retire it's that simple.
Good for you!

It sounds like you are financially able to do whatever you want. If that means working, that's great!
by JoeRetire
Mon Nov 18, 2019 9:29 am
Forum: Personal Finance (Not Investing)
Topic: More retirees have a mortgage
Replies: 116
Views: 7548

Re: More retirees have a mortgage

It's undeniable that stocks have historically far outperformed the 3-4% current rate on new mortgages, but if one believes the valuation argument, there's a significant possibility that stocks will fail to meet that mark over the next decade or so. I suppose some are anticipating a decade or so of ...
by JoeRetire
Sun Nov 17, 2019 8:42 pm
Forum: Personal Finance (Not Investing)
Topic: More retirees have a mortgage
Replies: 116
Views: 7548

Re: More retirees have a mortgage

Yes, that's it, nothing more or less. Leverage can be a useful but potentially dangerous tool, especially if used 'improperly'. Got it. Now we only have to nail down whatever "improperly" means and we might have something actionable. But probably not. I'm guessing some would consider holding a mort...
by JoeRetire
Sun Nov 17, 2019 8:34 pm
Forum: Personal Finance (Not Investing)
Topic: Equal Inheritance for Children
Replies: 77
Views: 7346

Re: Equal Inheritance for Children

What interest rate would you use? My savings are invested in 50% stocks and 50% bonds/cash, and I plan to stick to this allocation for the foreseeable future. Vanguard asset allocation models show an average annual return for a 50/50 allocation of 8.2%. I don't know, I guess it depends on your goal...
by JoeRetire
Sun Nov 17, 2019 8:28 pm
Forum: Personal Finance (Not Investing)
Topic: Buy home with cash? vs. Loan options.
Replies: 21
Views: 1581

Re: Buy home with cash? vs. Loan options.

Long time listener, first time caller. LOL! Home Price Range $800k-950k in neighborhoods with solid schools. $915k Cash Annual Income- $75k. House Fund: $800k in online savings accounts Emergency funds: $115k in online savings account ($15k in checking) So presumably, this is how you come up with "...
by JoeRetire
Sun Nov 17, 2019 8:21 pm
Forum: Personal Finance (Not Investing)
Topic: Equal Inheritance for Children
Replies: 77
Views: 7346

Re: Equal Inheritance for Children

Assuming I had given Child A $15,000 a year for 23 years (my life expectancy), the future value of these gifts would total $621,457.13. Does that sound about right for the amount that would be deducted from Child A’s share of the estate in this scenario? I’d appreciate further thoughts. Thanks. (sh...
by JoeRetire
Sun Nov 17, 2019 8:13 pm
Forum: Personal Finance (Not Investing)
Topic: More retirees have a mortgage
Replies: 116
Views: 7548

Re: More retirees have a mortgage

In the Great Depression, lots of people who had no debt before the period started also got wiped out. If they weren’t invested properly, sure. The Trinity Study shows that 4% withdrawal worked during the Great Depression. Obviously it would have failed if you owed nominal debt. Grandpa bought apart...
by JoeRetire
Sun Nov 17, 2019 7:05 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security - Stop Working at 62 and collect SS at 67- FRA
Replies: 9
Views: 1298

Re: Social Security - Stop Working at 62 and collect SS at 67- FRA

"At your full retirement age of 67 your payment would be about $2,727"

That's your ballpark estimate.

You might be able to get a more precise estimate using https://www.ssa.gov/planners/retire/AnypiaApplet.html
by JoeRetire
Sun Nov 17, 2019 7:01 pm
Forum: Personal Finance (Not Investing)
Topic: New Tenant.... possibly
Replies: 28
Views: 1818

Re: New Tenant.... possibly

The simplest solution to the issue would be to have the employer guarantee the lease. Interesting. I've never heard of that. When I moved to NYC for my job many years ago, the landlord (a wonderful woman who had stretched to buy this apartment as an investment) was uneasy. So, I talked to my employ...
by JoeRetire
Sun Nov 17, 2019 6:53 pm
Forum: Personal Finance (Not Investing)
Topic: A Slightly Different "When to Claim Social Security" Question
Replies: 8
Views: 884

Re: A Slightly Different "When to Claim Social Security" Question

I'm not looking to optimize a small income stream so much as cover most of the Medicare B premium (with IRMAA for that and MC D). I think I'll take the Social Security benefits sooner rather than later. Money is fungible. I don't understand the benefit of using SS money to cover the Medicare premiu...
by JoeRetire
Sun Nov 17, 2019 6:36 pm
Forum: Personal Investments
Topic: Do you regret rebalancing over the last few years?
Replies: 66
Views: 5386

Re: Do you regret rebalancing over the last few years?

Bingo! There's a term for this logical fallacy, but I can seem to remember it. Is it post hoc ergo propter hoc? That wasn't the term I was trying to remember. Something like "resultifying"... but it's just not coming to me today. I'll probably wake up at 3am with the term in my head, then fall asle...
by JoeRetire
Sun Nov 17, 2019 4:12 pm
Forum: Personal Investments
Topic: Not retired at 71 [need SEP advice]
Replies: 20
Views: 1593

Re: Not retired at 71

Seas wrote:
Sun Nov 17, 2019 3:33 pm
Its just in a interest account,
I wanted advice on investing not sure how to say that another way

Are the advice those brokerage offer worth looking into or they pushing their products
My suggestion would be to pay for a few hours of time from a fee-only fiduciary financial adviser.
by JoeRetire
Sun Nov 17, 2019 4:09 pm
Forum: Personal Finance (Not Investing)
Topic: Half of Estate in a Trust?
Replies: 28
Views: 1739

Re: Half of Estate in a Trust?

You might want to read "Beyond the Grave, Revised and Updated Edition: The Right Way and the Wrong Way of Leaving Money to Your Children (and Others)" by Jeffery L. Condon. In it, Condon talks about all sorts of ways to bequeath assets the way you prefer despite spouses, ex-spouses, etc. Some of the...
by JoeRetire
Sun Nov 17, 2019 4:01 pm
Forum: Personal Investments
Topic: When do you take it off the table?
Replies: 23
Views: 4075

Re: When do you take it off the table?

My 401k: $65000 My traditional IRA( from rollovers): $524000 Roth IRA: $8000 Wife’s 401k:$313000 Wife’s traditional Ira: $300,000 Wife’s Roth IRA: $48000 Taxable joint funds: $1,550,000 Our desired retirement is in 5 years and want a $110,000 annual spend with an additional $22,000 (122k total befo...
by JoeRetire
Sun Nov 17, 2019 3:37 pm
Forum: Personal Finance (Not Investing)
Topic: New Tenant.... possibly
Replies: 28
Views: 1818

Re: New Tenant.... possibly

mrgeeze wrote:
Sun Nov 17, 2019 3:30 pm
Yes I do hear some alarms.
That's why I posted.
I tend to be a little less trusting than many.
I hear you. I'm not very trusting either.

For me, "no credit history" would be the end of it.

I wish you well.
by JoeRetire
Sun Nov 17, 2019 3:33 pm
Forum: Personal Investments
Topic: When do you take it off the table?
Replies: 23
Views: 4075

Re: When do you take it off the table?

My 401k: $65000 My traditional IRA( from rollovers): $524000 Roth IRA: $8000 Wife’s 401k:$313000 Wife’s traditional Ira: $300,000 Wife’s Roth IRA: $48000 Taxable joint funds: $1,550,000 Our desired retirement is in 5 years and want a $110,000 annual spend with an additional $22,000 (122k total befo...
by JoeRetire
Sun Nov 17, 2019 3:24 pm
Forum: Personal Investments
Topic: Not retired at 71 [need SEP advice]
Replies: 20
Views: 1593

Re: Not retired at 71

I have SEP from last year started at Vanguard and it's just sitting there I assume this is a SEP IRA? What does "just sitting there" mean? Presumably it's invested in something? was thinking moving it to Schwab or TD etc to get some advice on how to get a reasonable return You want to move it out o...
by JoeRetire
Sun Nov 17, 2019 3:10 pm
Forum: Personal Finance (Not Investing)
Topic: More retirees have a mortgage
Replies: 116
Views: 7548

Re: More retirees have a mortgage

In the Great Depression, lots of people who had no debt before the period started also got wiped out. If they weren’t invested properly, sure. The Trinity Study shows that 4% withdrawal worked during the Great Depression. Obviously it would have failed if you owed nominal debt. Grandpa bought apart...
by JoeRetire
Sun Nov 17, 2019 2:54 pm
Forum: Personal Finance (Not Investing)
Topic: More retirees have a mortgage
Replies: 116
Views: 7548

Re: More retirees have a mortgage

In the Great Depression, lots of people who had no debt before the period started also got wiped out. If they weren’t invested properly, sure. The Trinity Study shows that 4% withdrawal worked during the Great Depression. Obviously it would have failed if you owed nominal debt. I've heard that it's...