Search found 2117 matches

by JoeRetire
Wed Apr 24, 2019 1:21 pm
Forum: Personal Finance (Not Investing)
Topic: Whats the Point of Climbing the Corporate Ladder?
Replies: 53
Views: 2958

Re: Whats the Point of Climbing the Corporate Ladder?

My father is aging and the light bulb of "I need my family and should have spent more time with my family" has lit up for him. Not surprisingly, his kids are not as on board with his realization. It's too late, in some ways, to make up for lost time. Not on board with his realization? What does tha...
by JoeRetire
Wed Apr 24, 2019 1:09 pm
Forum: Personal Finance (Not Investing)
Topic: Whats the Point of Climbing the Corporate Ladder?
Replies: 53
Views: 2958

Re: Whats the Point of Climbing the Corporate Ladder?

Whats the point of climbing the corporate ladder if I'm fine with my current salary and position and can hit all my financial goals without future promotions raises etc? I am at a point where boss says I can be promoted but must be willing to work more hours be available at all times of day etc. Ba...
by JoeRetire
Mon Apr 22, 2019 4:42 pm
Forum: Personal Finance (Not Investing)
Topic: Assisted living and nursing home expenses
Replies: 27
Views: 1722

Re: Assisted living and nursing home expenses

My mother, age 80 and recently widowed, has early stage Alzheimer's, unfortunately. So sorry to hear that. We visited a non-profit facility that has been recommended to us. It has assisted living (room, meals, help with taking medications) for $4500/month and a nursing home for $10,000/month. The f...
by JoeRetire
Sun Apr 21, 2019 9:23 am
Forum: Investing - Theory, News & General
Topic: Cash Flow vs Appreciation - Same thing?
Replies: 23
Views: 993

Re: Cash Flow vs Appreciation - Same thing?

Scenario 1: You own an apartment complex that clears $2K/month profit for you to do whatever you want with. Scenario 2: You have a stocks/bond portfolio that pays little to no dividends. (Let’s say it’s a 600K portfolio so that 4% withdrawal is about $2K/month) Is one of those scenarios really “bet...
by JoeRetire
Sun Apr 21, 2019 9:17 am
Forum: Personal Finance (Not Investing)
Topic: Can we afford a $1mil home?
Replies: 64
Views: 8178

Re: Can we afford a $1mil home?

- Income is $340,000 a year gross, about $15,500 per month (after 401k contributions, which we are both maxing) How stable are both jobs? - Cash on hand about $215,000 The condos that we like in the areas we like seem to run around $1 million or so for a 1-2 bedroom. I was quoted an interest rate o...
by JoeRetire
Sun Apr 21, 2019 9:10 am
Forum: Personal Investments
Topic: Coming up on 40, please review my portfolio and direction
Replies: 30
Views: 3771

Re: Coming up on 40, please review my portfolio and direction

Income: $500k, varies +/- 20% Annual expenses: $24k Current Retirement Assets, $670k total Single Family Rental 1 Purchased in 2016 for $185k, currently valued at $250k No mortgage Nets ~$15k/year (after taxes, management fees, maintenance) Single Family Rental 2 Purchased in 2017 for $200k, curren...
by JoeRetire
Sun Apr 21, 2019 6:53 am
Forum: Personal Consumer Issues
Topic: Getting rid of spam
Replies: 22
Views: 1435

Re: Getting rid of spam

I occasionally get spam, but most of it gets caught by the spam filter. The stuff that doesn't, I just mark as spam and move on. I agree. With GMail, I am no longer bothered by spam at all. The filter catches virtually everything. Adding a suffix lets me know which sites do a poor job of protecting...
by JoeRetire
Sat Apr 20, 2019 8:27 pm
Forum: Personal Consumer Issues
Topic: Vacation home experiences?
Replies: 35
Views: 3332

Re: Vacation home experiences?

Thank you! It sounds like a home you purchased when your kids were out of the house, and retirement was within sight? P.S. Hopefully your kids nominate you for "Grandparents of the year" every time there is an election. :D The kids were indeed out of the house. Retirement was not quite in sight, bu...
by JoeRetire
Sat Apr 20, 2019 8:24 pm
Forum: Personal Consumer Issues
Topic: Getting rid of spam
Replies: 22
Views: 1435

Re: Getting rid of spam

GMail delivers all addresses of the form firstname.lastname+sitespecificsuffix@gmail.com to firstname.lastname@gmail.com I use this to assign a specific email (using a suffix constructed from the site) to every site. That way, if spam goes to this email address, I know where it originated, and I ca...
by JoeRetire
Sat Apr 20, 2019 4:59 pm
Forum: Personal Consumer Issues
Topic: Vacation home experiences?
Replies: 35
Views: 3332

Re: Vacation home experiences?

- Would you do it again, or do you regret it? Why? No regrets. It worked out great for us. It's in a beach community that we have loved for a long time, less than 1.5 hours away from our primary residence. - How often do you use your vacation home? Has that changed over time? We used it every weeke...
by JoeRetire
Sat Apr 20, 2019 4:50 pm
Forum: Investing - Theory, News & General
Topic: Efficient Markets Indeed
Replies: 48
Views: 3683

Re: Efficient Markets Indeed

DonIce wrote:
Fri Apr 19, 2019 11:45 pm
People bid up the stock of a defunct company called zoom technologies by 56000% because it has a similar name as another company that just went IPO.
But they did it efficiently.
by JoeRetire
Sat Apr 20, 2019 4:41 pm
Forum: Personal Consumer Issues
Topic: Is Crown Molding Out-of-Style?
Replies: 46
Views: 4309

Re: Is Crown Molding Out-of-Style?

I was looking at new build model homes today and noted that none, including the high end builders, had crown molding. Is this an upgrade worth spending money on, or is it considered out-of-style? If you like it enough, it's worth it. If this is your home, ignore what's in style and do your own thin...
by JoeRetire
Sat Apr 20, 2019 4:36 pm
Forum: Personal Consumer Issues
Topic: Getting rid of spam
Replies: 22
Views: 1435

Re: Getting rid of spam

Make 2 new email addresses. Never provide the first one to any website besides official business (i.e. Vanguard, Ally, Bills, etc). Use the second one anytime you are filling out any form that is not official business. It's likely you've used the old one for so many applications, etc that you'll ne...
by JoeRetire
Sat Apr 20, 2019 12:50 pm
Forum: Personal Consumer Issues
Topic: Getting rid of spam
Replies: 22
Views: 1435

Re: Getting rid of spam

NEVER CLICK ON LINKS IN EMAILS. Unless you know what you are doing. Hover over the link first to see if it's going where you think it's going. If that sort of action is too confusing to you, then don't click the link. Instead, log in to the website itself, and go to the page that allows you to unsu...
by JoeRetire
Sat Apr 20, 2019 12:48 pm
Forum: Personal Consumer Issues
Topic: Getting rid of spam
Replies: 22
Views: 1435

Re: Getting rid of spam

CABob wrote:
Sat Apr 20, 2019 12:33 pm
Since I was responding to an email sent to me it would seem to me that they know who wants to unsubscribe.
They know.

But that doesn't mean their website was programmed to use that knowledge in the unsubscribe page. Many don't.
by JoeRetire
Sat Apr 20, 2019 9:07 am
Forum: Personal Finance (Not Investing)
Topic: What is the Magic Formula for when One can RETIRE ?
Replies: 24
Views: 3473

Re: What is the Magic Formula for when One can RETIRE ?

I own a home (paid off) in a good part of Las vegas valued at 250k I rent out 3 of the rooms (well only 2 now while I fix the disaster left by the last roomie). I collect $1700 every month. Is that $1700/month for just the 2 rooms you are currently renting, or all three? How much is the disaster fi...
by JoeRetire
Fri Apr 19, 2019 7:45 pm
Forum: Personal Finance (Not Investing)
Topic: What is the Magic Formula for when One can RETIRE ?
Replies: 24
Views: 3473

Re: What is the Magic Formula for when One can RETIRE ?

MrLazyButt wrote:
Fri Apr 19, 2019 3:59 pm
Is it as simple as when money from investments every month (stocks, real estate, whatever) is greater than one's expenses ?
Nope.

You could retire with no money from investments at all, if you were willing to live on your social security benefits.

There's no Magic Formula.
by JoeRetire
Fri Apr 19, 2019 7:31 pm
Forum: Personal Consumer Issues
Topic: How far would you commute?
Replies: 79
Views: 2930

Re: How far would you commute?

For some context, my husband has a 1:15 commute into Boston 3 days a week. I vowed that I would never commute to Boston. I made it through my entire career keeping that vow. How far do you consider a "doable" commute? I commuted to Cambridge for two different jobs. It was a 50-60 minute commute, de...
by JoeRetire
Fri Apr 19, 2019 7:24 pm
Forum: Personal Consumer Issues
Topic: At what point would you hire someone vs. cut down a tree yourself?
Replies: 88
Views: 3048

Re: At what point would you hire someone vs. cut down a tree yourself?

What would a boglehead do? This "not really a boglehead" no longer cuts down trees. When I did, I assessed them for safety first. If I thought I could do it safely, then I did it. Otherwise I hired someone to do it for me. I was mostly right, I think. One tree early on did bounce off the house thou...
by JoeRetire
Fri Apr 19, 2019 7:11 pm
Forum: Personal Investments
Topic: Can we retire yet? And other related questions...
Replies: 29
Views: 2902

Re: Can we retire yet? And other related questions...

Desired Asset allocation: 100% stocks / 0% bonds Why is that your desired allocation? Questions: 1. Can we retire now? Whenever anyone ever asks "can we retire now" the answer is always "Yes, of course!". But I'm guessing what you are really asking is "does it make sense to retire now, give our ass...
by JoeRetire
Fri Apr 19, 2019 1:00 pm
Forum: Investing - Theory, News & General
Topic: This could be the biggest risk that retirees face?
Replies: 117
Views: 8164

Re: This could be the biggest risk that retirees face?

dm200 wrote:
Fri Apr 19, 2019 8:38 am
Some trends I am beginning to see is that, due to increasing health risks from bad lifestyle choices, US Life expectancy may actually be going down.
Unless you consider opioid addiction to be a "bad lifestyle choice", I don't believe you are correct.
by JoeRetire
Fri Apr 19, 2019 12:59 pm
Forum: Investing - Theory, News & General
Topic: This could be the biggest risk that retirees face?
Replies: 117
Views: 8164

Re: This could be the biggest risk that retirees face?

Look to your left and right at the persons standing next to you and if neither of them looks like they have Alzheimer's then it's you. That's not how it works. Living to age 100 can become a very, very expensive proposition. Should we set aside a huge chunk of our financial assets for that possibil...
by JoeRetire
Fri Apr 19, 2019 12:52 pm
Forum: Investing - Theory, News & General
Topic: This could be the biggest risk that retirees face?
Replies: 117
Views: 8164

Re: This could be the biggest risk that retirees face?

tennisplyr wrote:
Fri Apr 19, 2019 6:58 am
The vast, vast majority of us will not live to 100....worry if you wish.
So you can avoid worrying by

1) Having a solid financial plan in place

2) Pretending that it can't happen to you, and planning to be poor if it does

I prefer option 1.
by JoeRetire
Fri Apr 19, 2019 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: DW worried about What if ...? Wishes to pay off mortgage
Replies: 33
Views: 3072

Re: DW worried about What if ...? Wishes to pay off mortgage

We have almost no friends due to our busy life. I find this sad. We all have busy lives. Make time for friends - you'll benefit in the long run. But I am financially illiterate on estate planning, which needs to be done soon. We have no will or trust either. Yes. With a young child, you need to get...
by JoeRetire
Fri Apr 19, 2019 12:25 pm
Forum: Personal Finance (Not Investing)
Topic: In Laws Retirement Nest Egg
Replies: 156
Views: 14187

Re: In Laws Retirement Nest Egg

TravelforFun wrote:
Thu Apr 18, 2019 6:56 pm
Yes OP's wife may feel very differently about her parents going into a Medicaid funded nursing home while she and her husband are well off and hence, she may wan to help and that could affect their finance.
Perhaps.

(FYI... you have the genders reversed. The OP is a woman.)
by JoeRetire
Fri Apr 19, 2019 12:23 pm
Forum: Personal Finance (Not Investing)
Topic: In Laws Retirement Nest Egg
Replies: 156
Views: 14187

Re: In Laws Retirement Nest Egg

Bingo! My wife and I have a lot more money than the retirees in question. And I have no worries about being able to support ourselves in any foreseeable scenarios. But if either of my sons or their significant others expressed concerns about my retiring, or suggested that I should get a part-time j...
by JoeRetire
Fri Apr 19, 2019 12:20 pm
Forum: Personal Investments
Topic: Investing in someones YouTube channel?
Replies: 17
Views: 812

Re: Investing in someones YouTube channel?

Could someone explain how that would work if I was to invest say 3-5K in someones Youtube channel just to see how it works out? That sounds like the fastest way to never see your money invested back... Well they have a very good start, and I feel they have only unleashed a fraction of their potenti...
by JoeRetire
Fri Apr 19, 2019 12:20 pm
Forum: Personal Investments
Topic: Investing in someones YouTube channel?
Replies: 17
Views: 812

Re: Investing in someones YouTube channel?

Could someone explain how that would work if I was to invest say 3-5K in someones Youtube channel just to see how it works out? You give them 3-5k. In return, they agree to give you something every one in a while until they are no longer interested in this particular channel, or Youtube changes thi...
by JoeRetire
Thu Apr 18, 2019 12:59 pm
Forum: Personal Finance (Not Investing)
Topic: In Laws Retirement Nest Egg
Replies: 156
Views: 14187

Re: In Laws Retirement Nest Egg

Not being in the conversation, and obviously not knowing any of the people, I've no clue what the "joking" hint meant. But I can offer several possibilities: 2) The inlaws, likely picking up a bit of an attitude from the children ("barely enough to scrape by", " My spouse has encouraged them to fin...
by JoeRetire
Thu Apr 18, 2019 12:46 pm
Forum: Personal Investments
Topic: SSA Retirement and Child-in-Care Spousal Benefits
Replies: 10
Views: 468

Re: SSA Retirement and Child-in-Care Spousal Benefits

I have reached full retirement age; my wife is 58. We have a child who just turned 13. If I file for SSI benefits I can also receive benefits for my child and my wife who will be taking care of her. I've run my numbers. And it seems, unless I am missing something, that filing for benefits now as de...
by JoeRetire
Thu Apr 18, 2019 8:32 am
Forum: Personal Investments
Topic: next dollar of savings
Replies: 39
Views: 3205

Re: next dollar of savings

My SALT taxes are right @ $10k and mortgage interest on the 4.75% mortgage was $13k so I no longer itemize - took the Standard Deduction for the first time in a long time. Does this make it more wise to pay down the mortgage, now that there is no tax benefit to me? It modifies the math. That might ...
by JoeRetire
Thu Apr 18, 2019 7:01 am
Forum: Personal Consumer Issues
Topic: Smoke detectors
Replies: 36
Views: 1699

Re: Smoke detectors

1. How do you go about changing the backup batteries for a smoke detector in a room when it is located 12 feet high? Is there any gadget/tool to help you change the battery without climbing on some ladder? I cant climb that high and need to call a handyman every time i need to replace a battery. Th...
by JoeRetire
Thu Apr 18, 2019 6:00 am
Forum: Personal Finance (Not Investing)
Topic: Need help with insurance for mom
Replies: 9
Views: 376

Re: Need help with insurance for mom

She should look at healthcare.gov
by JoeRetire
Wed Apr 17, 2019 7:46 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security - How Secure?
Replies: 28
Views: 1476

Re: Social Security - How Secure?

I have never expected social security to be there for my retirement but now that I am 58 years old I am thinking that it is likely social security won't be bust when I am eligible to get checks since it is only approx. 4 years from now. It won't be bust. Not in 4 years, not in 30 years. How much sh...
by JoeRetire
Wed Apr 17, 2019 6:09 am
Forum: Personal Finance (Not Investing)
Topic: Jury Duty questions
Replies: 20
Views: 2066

Re: Jury Duty questions

I became US citizen few years back. Just received jury duty notice in mail today. It says I will know only on June 10th or so about the next steps. Have already made travel reservations to be out of the country from Jul 10 to Jul 31st. What will happen if I'm asked to appear on these dates? Every l...
by JoeRetire
Wed Apr 17, 2019 6:01 am
Forum: Personal Finance (Not Investing)
Topic: Universal Life Policy Lincoln Financial - what to do?
Replies: 14
Views: 1204

Re: Universal Life Policy Lincoln Financial - what to do?

What factors are relevant, and what should I be considering with what to do with this policy? So basically you are betting that the premiums you pay will return more back to you when mom dies. The relevant factors are: - if you are the only beneficiary of this policy or not - how much will the even...
by JoeRetire
Wed Apr 17, 2019 5:55 am
Forum: Personal Finance (Not Investing)
Topic: Avoiding a tax penalty
Replies: 9
Views: 842

Re: Avoiding a tax penalty

I'm a busy guy and I'm just finishing up my 2017 taxes. This year I owe an amount that would be easily covered by my 2017 refund. IRS rejected my 2018 extension since they didn't have some information for previous year (2017). My question is can I go ahead and apply part of my 2017 refund to cover ...
by JoeRetire
Tue Apr 16, 2019 8:27 pm
Forum: Personal Finance (Not Investing)
Topic: In Laws Retirement Nest Egg
Replies: 156
Views: 14187

Re: In Laws Retirement Nest Egg

munemaker wrote:
Tue Apr 16, 2019 4:18 pm
So it is like watching a potential train wreck in slow motion.
It's like watching a potential train wreck in slow motion, and saying "That train wreck will make me late for work. My life sucks!"
by JoeRetire
Tue Apr 16, 2019 8:14 pm
Forum: Personal Finance (Not Investing)
Topic: Leave Job to Spend Time with Disabled Spouse?
Replies: 13
Views: 1827

Re: Leave Job to Spend Time with Disabled Spouse?

First time poster - long time lurker seeking feedback as emotions and stress may be clouding my judgment. I am thinking of quitting my job to free up time to spend with my disabled spouse and cut down on a lot of strain and stress that I feel. The job is low paying (approx. 35K/yr) but it provides ...
by JoeRetire
Tue Apr 16, 2019 8:02 pm
Forum: Personal Finance (Not Investing)
Topic: $25K Whole Life policy for daughter - $130/year - keep it?
Replies: 66
Views: 8515

Re: $25K Whole Life policy for daughter - $130/year - keep it?

I just want to address this one again...I think I pretty much did answer it, but I probably wasn't explicit enough, and it's pertinent as to what my next steps should be. The original reason we got it was mentioned (to the best of my memory's limits), and isn't particularly important anymore. The r...
by JoeRetire
Tue Apr 16, 2019 12:10 pm
Forum: Personal Investments
Topic: Zapped by a genie
Replies: 10
Views: 949

Re: Zapped by a genie

You just got zapped by a genie. <<PAFF>> you are 28 years old again Does that mean I'm back in 1982 again? It would be 1991 for me (age 28). I'd buy every dot-com I could possibly buy and dump it all on the first trading day in March, 2000. But, I'd also have to find a way to stop the 9/11/2001 att...
by JoeRetire
Tue Apr 16, 2019 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: In Laws Retirement Nest Egg
Replies: 156
Views: 14187

Re: In Laws Retirement Nest Egg

I by no means at all expect my in laws to give us anything, but it makes me uncomfortable that they are OK with relying on us if they do run out of money. Have they actually told you that they are OK with relying on you if they run out of money? Or is this just something you are hearing in your hea...
by JoeRetire
Tue Apr 16, 2019 11:57 am
Forum: Personal Finance (Not Investing)
Topic: $25K Whole Life policy for daughter - $130/year - keep it?
Replies: 66
Views: 8515

Re: $25K Whole Life policy for daughter - $130/year - keep it?

Hello all, it's that time of the year again, and once again I got sidetracked with other priorities the last year, so I just paid it last year. The bill is due 5/10, so I have a bit of time to pull together some appropriate info. Based on what others have posted previously, it sounds like I should ...
by JoeRetire
Tue Apr 16, 2019 11:54 am
Forum: Personal Investments
Topic: Zapped by a genie
Replies: 10
Views: 949

Re: Zapped by a genie

Bogglenomics wrote:
Tue Apr 16, 2019 11:33 am
You just got zapped by a genie. <<PAFF>> you are 28 years old again
Does that mean I'm back in 1982 again?
by JoeRetire
Tue Apr 16, 2019 10:24 am
Forum: Personal Finance (Not Investing)
Topic: Bogleheads, why won't anyone hire me?
Replies: 194
Views: 17515

Re: Bogleheads, why wont anyone hire me?

Should I have a more positive attitude when hitting "send" on the computer screen? Facial recognition you think? I am not getting interviews, at all. I will gladly send you my resume if you pm me an email address. If you aren't getting interviews at all, then you are applying for the wrong jobs. Th...
by JoeRetire
Tue Apr 16, 2019 10:17 am
Forum: Personal Finance (Not Investing)
Topic: Executor of Will - Selling House in Poor Condition
Replies: 84
Views: 6381

Re: Executor of Will - Selling House in Poor Condition

Another wrinkle ... my spouse has floated the idea of using "our" money to payoff the $55k remaining mortgage while we sort this out. What possible reason does she have for paying off the mortgage? And why would she want to use your money to do so? My initial reaction was "no", on the premise that ...
by JoeRetire
Tue Apr 16, 2019 6:49 am
Forum: Personal Investments
Topic: Investing for Inflation, Disinflation or Deflation...What to do?
Replies: 9
Views: 864

Re: Investing for Inflation, Disinflation or Deflation...What to do?

Frank2012 wrote:
Tue Apr 16, 2019 6:36 am
4.) I will save more than I need to for retirement; and I will budget to spend less than I have to in retirement.

5.) I will work longer if I have to.
These two points are key. Everything else is nice, but without these they don't matter.
by JoeRetire
Tue Apr 16, 2019 6:45 am
Forum: Personal Finance (Not Investing)
Topic: Laid off/Health care?
Replies: 21
Views: 2563

Re: Laid off/Health care?

Do you have suggestions for networking? I've reached out to friends at companies I am applying to for referrals but nothing yet. I always hear to network (and have also gotten interviews from referrals in the past) but honestly none of my previous positions were due to this so I'm not sure exactly ...
by JoeRetire
Tue Apr 16, 2019 6:11 am
Forum: Personal Finance (Not Investing)
Topic: Executor of Will - Selling House in Poor Condition
Replies: 84
Views: 6381

Re: Executor of Will - Selling House in Poor Condition

Fair point, let me clarify. There is a TON of stuff to flip through. Owner was an absolute hoarder, stacks of comic books, movies, papers etc..., amazing how much junk could be crammed into 860 square feet. Four adults over two hours barely scratched the surface. My spouse wants to "give it time" t...
by JoeRetire
Tue Apr 16, 2019 5:55 am
Forum: Personal Finance (Not Investing)
Topic: Executor of Will - Selling House in Poor Condition
Replies: 84
Views: 6381

Re: Executor of Will - Selling House in Poor Condition

There is already some tension within family on how to handle house - not a money grab (there's not much equity given the condition, and beyond that I don't see people grabbing for money) but on how to handle given the condition No idea what this means. Does a family member want to purchase the home...