Search found 1731 matches

by JoeRetire
Sat Jan 19, 2019 7:34 am
Forum: Investing - Help with Personal Investments
Topic: Never thought it would happen to me - life changing injury
Replies: 38
Views: 4790

Re: Never thought it would happen to me - life changing injury

I am currently reading The Bogleheads' Guide to Investing and like what I have read and researched but have just really started. I also have a good accountant that is helping but I'd like to get some outside advice also. I am planning on a 3% withdraw rate once I have everything set up. I need help...
by JoeRetire
Thu Jan 17, 2019 9:41 pm
Forum: Investing - Help with Personal Investments
Topic: Retire in 2 years. Advice for plan for withdrawals, Roth conversions & SS
Replies: 42
Views: 3615

Re: Retire in 2 years. Advice for plan for withdrawals, Roth conversions & SS

3. SS – I have looked at the opensocialsecurity link, and it says the optimal is for my wife to start drawing at 62, and me at 70. I am just not sure that is best and we won’t really need that money per se. So I am thinking that we could wait until 70 for both, or maybe just start drawing for both ...
by JoeRetire
Thu Jan 17, 2019 12:41 pm
Forum: Investing - Help with Personal Investments
Topic: Clearing the decks at age 60 and starting over
Replies: 20
Views: 4054

Re: Clearing the decks at age 60 and starting over

3. When should I consider starting Social Security benefits ? In general, wait until 70 if you can. And it appears that you can. I'm trying to decide between retiring outright or returning to work either part or full time. That's a personal decision. Many find that working at least part-time in a j...
by JoeRetire
Tue Jan 15, 2019 5:32 pm
Forum: Personal Consumer Issues
Topic: School staff threatened to call social worker
Replies: 54
Views: 2753

Re: School staff threatened to call social worker

adamthesmythe wrote:
Tue Jan 15, 2019 5:29 pm
But it seems to me that the value of experiencing another country considerably exceeds the value of attending school.
Wow, really?
by JoeRetire
Tue Jan 15, 2019 5:28 pm
Forum: Personal Consumer Issues
Topic: School staff threatened to call social worker
Replies: 54
Views: 2753

Re: School staff threatened to call social worker

We are planning a trip back to China that would require 9 days of absence from my daughter’s school What should I do to protect ourselves? We planto go back every two years so this will be a recurring issue. In my state, school is 180 days. You are planning on being absent for 5% of them every othe...
by JoeRetire
Tue Jan 15, 2019 3:29 pm
Forum: Personal Consumer Issues
Topic: Website/Tool for HOA
Replies: 16
Views: 1164

Re: Website/Tool for HOA

I've been tasked with finding a website/tool for our little of HOA of less than 100 homes. We have a small budget. It will be used primarily to house the regulations, minutes, communication, etc. It would be nice if it included some way to capture email/communication from/to the board. We might try...
by JoeRetire
Mon Jan 14, 2019 12:49 pm
Forum: Personal Finance (Not Investing)
Topic: Long term care insurance policy
Replies: 140
Views: 4435

Re: Long term care insurance policy

Fee-only financial planners are not against LTCi. Just google it. I know that our fee-only financial planner strongly suggested we purchase LTCi. She ran the numbers with us and showed us many options. We did end up purchasing, and have been happy with it so far. Since we've owned it the premiums h...
by JoeRetire
Mon Jan 14, 2019 12:40 pm
Forum: Personal Finance (Not Investing)
Topic: Long term care insurance policy
Replies: 140
Views: 4435

Re: Long term care insurance policy

I plan to look at these details when I reach 60 or so... My financial adviser suggested that if we wished to purchase LTCi, we'd be better off purchasing [i[before[/i] we turned 60, rather than after. Since then, I've been diagnosed with cancer (I'll be fine), so we're glad we took her advice. I'm ...
by JoeRetire
Mon Jan 14, 2019 12:31 pm
Forum: Personal Finance (Not Investing)
Topic: Getting a Mortgage when You can Pay Cash for a House
Replies: 162
Views: 8668

Re: Getting a Mortgage when You can Pay Cash for a House

Hi. I’d appreciate it if anyone who has done this can chime in. Say you have 300k cash. Why do you have this $300k in cash? Significantly risk intolerant? Had a plan to use the cash for something else? Using it as an emergency fund? Can't think of anything better to do with it? What has changed tha...
by JoeRetire
Sun Jan 13, 2019 8:29 am
Forum: Personal Finance (Not Investing)
Topic: Unique One: Mom's Retirement Life Insurance
Replies: 8
Views: 930

Re: Unique One: Mom's Retirement Life Insurance

My mom (67) and her sister (71) split my deceased grandfather's state pension, worth about $80,000 per year ($40K each), adjusted each year for inflation. Your grandfather had a pension that his non-dependent children are collecting after his death? Is that something that happens often in your stat...
by JoeRetire
Sun Jan 13, 2019 8:23 am
Forum: Investing - Help with Personal Investments
Topic: Setting Up A Parent For Retirement
Replies: 18
Views: 1413

Re: Setting Up A Parent For Retirement

I apologize, I thought I mentioned in my original post father passed away some time ago. For complicated reasons the life insurance payout (the 750k and another amount she kept to pay off accumulated debts). You, Mom and an adviser should talk about Social Security survivor benefits soon, to help d...
by JoeRetire
Sun Jan 13, 2019 8:17 am
Forum: Personal Finance (Not Investing)
Topic: Unique One: Mom's Retirement Life Insurance
Replies: 8
Views: 930

Re: Unique One: Mom's Retirement Life Insurance

My mom (67) and her sister (71) split my deceased grandfather's state pension, worth about $80,000 per year ($40K each), adjusted each year for inflation. Your grandfather had a pension that his non-dependent children are collecting after his death? Is that something that happens often in your stat...
by JoeRetire
Sat Jan 12, 2019 8:10 pm
Forum: Investing - Help with Personal Investments
Topic: Setting Up A Parent For Retirement
Replies: 18
Views: 1413

Re: Setting Up A Parent For Retirement

She is completely overwhelmed when at the idea of how to handle that money, and she would prefer to talk to advisor. Problem she wants to go with an advisor who is at least recommended to her by someone she knows. So my question is how do I best help my mother set herself up to make sure she this m...
by JoeRetire
Fri Jan 11, 2019 8:20 pm
Forum: Investing - Theory, News & General
Topic: SS/Pension/etc as bond allocation?
Replies: 25
Views: 1646

Re: SS/Pension/etc as bond allocation?

I read somewhere on here recently that you can consider a guaranteed payment to be part of your bonds, and therefore reduce your bonds percentage. You can consider a banana as an apple if you like. That doesn't make it the truth. Guaranteed payments (I assume you are talking about Social Security, ...
by JoeRetire
Thu Jan 10, 2019 7:45 am
Forum: Personal Consumer Issues
Topic: Best way to match paint?
Replies: 22
Views: 1438

Re: Best way to match paint?

A while back I had some windows installed and they messed up a piece of sheetrock. They patched it up but I had no idea what color was used to paint it as I bought the place like this. I took a broken piece, cleaned it up and got the paint matched at a hardware store. It looked good there and they ...
by JoeRetire
Thu Jan 10, 2019 7:34 am
Forum: Personal Finance (Not Investing)
Topic: Paid off Mortgage...what to do next
Replies: 32
Views: 2698

Re: Paid off Mortgage...what to do next

401k/IRA: $401k (maxed out for 2018 but the balance ended just about as it began in January 2018, we are invested 100% in equities) Are you sure you want to be 100% in equities? How old are you? Cars: Paid off clunkers that will hopefully last a while longer EF: $0 - need to start saving this again...
by JoeRetire
Thu Jan 10, 2019 7:10 am
Forum: Personal Finance (Not Investing)
Topic: Need help in deciding
Replies: 6
Views: 583

Re: Need help in deciding

I’m a 50 yr old medical professional who had to take early retirement d/t a work place accident now on SSDI / LTD/Pension ( my condition isn’t expected to improve ) I cashed out my 401 when I became disabled so none left but I have no debts except less than 50K in my mortgage. I have almost 2 yrs w...
by JoeRetire
Wed Jan 09, 2019 7:08 pm
Forum: Personal Finance (Not Investing)
Topic: Genworth premium increase
Replies: 23
Views: 1943

Re: Genworth premium increase

Between my wife and I we have been paying 3475 a year combined for LTC.We have had the policy for 6 years and it is a Calif Partnership Plan.Basic benefits are currently 253 dollars per day for 3 years with 5% compound inflation and 90 day elimination period.This is for each of us individually.If w...
by JoeRetire
Wed Jan 09, 2019 11:40 am
Forum: Investing - Theory, News & General
Topic: It was a dip. Did you notice? The December drop is over.
Replies: 51
Views: 6864

Re: It was a dip. Did you notice? The December drop is over.

The December drop is over? Let me check....

... turns out you are correct! It's January!

20-20 hindsight is fun.
by JoeRetire
Wed Jan 09, 2019 8:18 am
Forum: Personal Finance (Not Investing)
Topic: Social Security question hindsight
Replies: 65
Views: 4921

Re: Social Security question hindsight

So the take early crowd can also redeem their mistake, if they think they made one. Only partially. You can't recover the months you already took the benefit. You'll only get delayed retirement credits for the months after you suspended. Thus, you'll end up with less than if you just had never star...
by JoeRetire
Tue Jan 08, 2019 4:07 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security question hindsight
Replies: 65
Views: 4921

Re: Social Security question hindsight

So the take early crowd can also redeem their mistake, if they think they made one. Only partially. You can't recover the months you already took the benefit. You'll only get delayed retirement credits for the months after you suspended. Thus, you'll end up with less than if you just had never star...
by JoeRetire
Tue Jan 08, 2019 3:56 pm
Forum: Personal Finance (Not Investing)
Topic: Do you take inheritance into account when calculating net worth?
Replies: 68
Views: 4510

Re: Do you take inheritance into account when calculating net worth?

In the past, I asked about taking into account pensions when calculating ones net worth. What about future inheritances? I don't but wanted curious what others think. If your definition of Net Worth includes all potential sources of income before you have control of them, then I guess you should. T...
by JoeRetire
Sat Jan 05, 2019 4:33 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security question hindsight
Replies: 65
Views: 4921

Re: Social Security question hindsight

Stinky wrote:
Sat Jan 05, 2019 8:39 am
I've seen statistics somewhere that most folks start benefits at or before their FRA, and only a tiny percentage wait until age 70.
True.

https://www.fool.com/retirement/general ... ng-so.aspx
by JoeRetire
Wed Jan 02, 2019 7:57 pm
Forum: Investing - Theory, News & General
Topic: Social Security for Millennials
Replies: 234
Views: 29028

Re: Will social security be cut in 2034?

So what is the probability of this actually happening? Unless the laws are changed, the probability is 100%. In actuality, Social Security is an extremely popular program, and few politicians want to be the ones who made Granny poor. I suspect there is a 90% chance that changes are made before cuts...
by JoeRetire
Tue Jan 01, 2019 7:14 pm
Forum: Investing - Help with Personal Investments
Topic: Social Security for wife
Replies: 10
Views: 753

Re: Social Security for wife

One thing I just realized as I was typing this, is if I wait to 70, then die, she don’t get half of 3600 but the 2900. That stinks lol That is incorrect. If she is at FRA, then she gets benefits equal to what you were getting. So if you die after 70, she would get about $3600. That's a main reason ...
by JoeRetire
Fri Dec 28, 2018 10:14 pm
Forum: Personal Finance (Not Investing)
Topic: Affordability of SS Delay
Replies: 19
Views: 1611

Re: Affordability of SS Delay

It's always possible to imagine a constructed scenario where claiming SS early is optimal. It's always possible to imagine a constructed scenario where claiming SS at 70 is optimal. The difficulty is to come up with either an optimal or a good-enough plan in the real non-constructed world. To do so,...
by JoeRetire
Fri Dec 28, 2018 3:46 pm
Forum: Investing - Theory, News & General
Topic: Social security deferral and COLA's
Replies: 17
Views: 1354

Re: Social security deferral and COLA's

You never lose out on COLAs by deferring.

Your eventual benefit is adjusted upward by the amount of the COLA each year.
by JoeRetire
Fri Dec 28, 2018 3:38 pm
Forum: Personal Consumer Issues
Topic: not funding kid's tuition
Replies: 102
Views: 3336

Re: not funding kid's tuition

Is anyone else in a similar mindset? Not me. My wife and I told both our sons that they should work hard to get in the best schools that they could. We would pay for all tuition and expenses, but they pay for their own cars and anything they want outside the schools. They both graduated debt-free a...
by JoeRetire
Fri Dec 28, 2018 3:00 pm
Forum: Investing - Help with Personal Investments
Topic: Help Me Help An Old Lady
Replies: 16
Views: 1716

Re: Help Me Help An Old Lady

My mom is 63 Good thing my 63 year old wife didn't read this - she'd smack you around a bit, calling 63 "old". She has a 401K through work in which she's invested in a target date fund. How much is in this 401k? What is the date of the fund? What is her annual income? What is her expected social se...
by JoeRetire
Fri Dec 28, 2018 2:49 pm
Forum: Investing - Theory, News & General
Topic: Worst investing year ever....
Replies: 103
Views: 17493

Re: Worst investing year ever....

In terms of number asset classes that lost money. Who cares how many asset classes lost money? What would that metric be of any concern? I care as do many others who felt that they were mitigating risk with a diversified portfolio. I appreciate and thank the poster who started this thread. Why do y...
by JoeRetire
Tue Dec 25, 2018 11:07 am
Forum: Personal Finance (Not Investing)
Topic: Wow, Behaviorial Finance is Real
Replies: 49
Views: 9017

Re: Wow, Behaviorial Finance is Real

Behavioral finance is real, and it's spectacular.
by JoeRetire
Tue Dec 25, 2018 9:26 am
Forum: Investing - Theory, News & General
Topic: Worst investing year ever....
Replies: 103
Views: 17493

Re: Worst investing year ever....

Part of being an adult involves assessing risk and reward by observing reality. Some people prefer ignorance over informed decision making. WOuld you agree? I do agree that some folks prefer to remain ignorant. Apparently, some folks think the term "diversification" is a talisman that wards off all...
by JoeRetire
Tue Dec 25, 2018 9:19 am
Forum: Investing - Theory, News & General
Topic: Worst investing year ever....
Replies: 103
Views: 17493

Re: Worst investing year ever....

In terms of number asset classes that lost money. Who cares how many asset classes lost money? What would that metric be of any concern? I care as do many others who felt that they were mitigating risk with a diversified portfolio. I appreciate and thank the poster who started this thread. Why do y...
by JoeRetire
Fri Dec 21, 2018 6:31 pm
Forum: Investing - Theory, News & General
Topic: What will be the low for the S&P 500?
Replies: 87
Views: 7940

Re: What will be the low for the S&P 500?

renditt wrote:
Fri Dec 21, 2018 5:02 pm
JoeRetire wrote:
Wed Dec 19, 2018 8:32 pm
renditt wrote:
Wed Dec 19, 2018 3:46 pm
What will be the low for the S&P 500 of this correction / bear market whatever you want to call it?
2385
Comcool and eRob are out - JoeRetire you are next :D
I gave you the exact number. Just call me Nostradumbass and bet the farm now.
by JoeRetire
Fri Dec 21, 2018 6:29 pm
Forum: Investing - Theory, News & General
Topic: S&P 500 is only one bad day away from being in a bear market
Replies: 7
Views: 1538

Re: S&P 500 is only one bad day away from being in a bear market

bligh wrote:
Fri Dec 21, 2018 3:49 pm
I am glad and eager to see the bear market arrive frankly. This will once and for all allow people to stop focusing on the "length of this aging bull market".
Glad and eager? I don't understand why it matters what people focus on?
by JoeRetire
Thu Dec 20, 2018 1:44 pm
Forum: Personal Finance (Not Investing)
Topic: Open social secuity
Replies: 40
Views: 2662

Re: Open social secuity

It is more popular to defer SS these days It's actually not. Far more people start their benefits at 62 than delay to 70. True but this is due mainly due to ignorance of their options, health issues or having not properly saved for retirement. I guess we'll have to agree to disagree. I know of plen...
by JoeRetire
Thu Dec 20, 2018 1:40 pm
Forum: Personal Finance (Not Investing)
Topic: Open social secuity
Replies: 40
Views: 2662

Re: Open social secuity

Remember that the $90,000 isn't guaranteed. I don't think anyone said anything about guarantees. I know I didn't. The program makes assumptions about life expectancy that won't be true for many. I might plan to live to 100 but no one is offering me a guarantee. No doubt. Just like no one is offerin...
by JoeRetire
Thu Dec 20, 2018 11:53 am
Forum: Personal Finance (Not Investing)
Topic: Open social secuity
Replies: 40
Views: 2662

Re: Open social secuity

TBillT wrote:
Thu Dec 20, 2018 10:51 am
It is more popular to defer SS these days
It's actually not. Far more people start their benefits at 62 than delay to 70.
by JoeRetire
Thu Dec 20, 2018 11:49 am
Forum: Personal Finance (Not Investing)
Topic: Open social secuity
Replies: 40
Views: 2662

Re: Open social secuity

Thanks to the designer of this, excellent tool. In my case it recommended I wait till 70 to collect and my wife claim at 62 and 67 for an (based on LE) overall payment of 690,000. My plan was for us to take at 62. According to OSS this gave an overall of 600,000, just 90,000 less. Seems to me that ...
by JoeRetire
Wed Dec 19, 2018 8:32 pm
Forum: Investing - Theory, News & General
Topic: What will be the low for the S&P 500?
Replies: 87
Views: 7940

Re: What will be the low for the S&P 500?

renditt wrote:
Wed Dec 19, 2018 3:46 pm
What will be the low for the S&P 500 of this correction / bear market whatever you want to call it?
2385
by JoeRetire
Wed Dec 19, 2018 7:36 pm
Forum: Investing - Theory, News & General
Topic: Steve Dunn ? "I don't know and i don't care" ? Dunn's law ..
Replies: 11
Views: 1461

Re: Steve Dunn ? "I don't know and i don't care" ? Dunn's law ..

indexlover wrote:
Wed Dec 19, 2018 6:40 pm
I didn't see a smiley so i guess you were serious in your response.
Not serious.

:happy - there you go.
by JoeRetire
Wed Dec 19, 2018 7:33 pm
Forum: Investing - Help with Personal Investments
Topic: The 4% rule
Replies: 71
Views: 6542

Re: The 4% rule

I have read the study. The first paragraph of their data and methodology section specifically states the they are doing a simple back test of historical data. They reference no theory, modeling, or logic. So I would say my suspicions are pretty spot on. Did you find the part where it says they just...
by JoeRetire
Wed Dec 19, 2018 5:42 pm
Forum: Personal Consumer Issues
Topic: Adult Games / Board Games - Recommendations
Replies: 55
Views: 3572

Re: Adult Games / Board Games - Recommendations

fishandgolf wrote:
Sat Dec 15, 2018 5:54 pm
Anyone have any fun or entertaining games that you can recommend?
Rumicub is a terrific game for 4.
Cards against humanity is a lot of fun with the right group.
Left, Right, Center is fun for groups with a wide range of ages.
by JoeRetire
Wed Dec 19, 2018 5:37 pm
Forum: Investing - Theory, News & General
Topic: Steve Dunn ? "I don't know and i don't care" ? Dunn's law ..
Replies: 11
Views: 1461

Re: Steve Dunn ? "I don't know and i don't care" ? Dunn's law ..

indexlover wrote:
Wed Dec 19, 2018 4:51 pm
Anyone know more about him or his views/posts and where i can find them ?
I don't know, and I don't care.

I guess someone had to say it...
by JoeRetire
Wed Dec 19, 2018 5:32 pm
Forum: Investing - Help with Personal Investments
Topic: The 4% rule
Replies: 71
Views: 6542

Re: The 4% rule

To be specific, I am asking about the how the 4% rule works. What is the math, modeling, logic, or even narrative behind it. Specifically, how does one get to And to be even more specific, you can't use historical results, back testing, or modeling. Those are great for testing and validating the ma...
by JoeRetire
Wed Dec 19, 2018 5:31 pm
Forum: Personal Finance (Not Investing)
Topic: What did you do once you hit your target number?
Replies: 49
Views: 5426

Re: What did you do once you hit your target number?

Did your target number increase multiple times as you got closer to it? When you finally hit it, did you stop work? Or keep working but really loosen the strings? What was the feeling like? None of the above. At the time, I wasn't really watching. So once we hit our "number" we just kept working. A...
by JoeRetire
Wed Dec 19, 2018 1:32 pm
Forum: Investing - Help with Personal Investments
Topic: The 4% rule
Replies: 71
Views: 6542

Re: The 4% rule

alex_686 wrote:
Wed Dec 19, 2018 10:54 am
there is nothing behind the 4% rule.
Sorry, you don't know what you are talking about.

Just like when you wrote that it's "just gut experiance".
by JoeRetire
Wed Dec 19, 2018 8:21 am
Forum: Personal Finance (Not Investing)
Topic: Seriuos talkk on SSA
Replies: 9
Views: 934

Re: Seriuos talkk on SSA

This might help: https://www.ssa.gov/oact/STATS/table4c6.html And this: https://www.finder.com/life-insurance/odds-of-dying Remember, these are general numbers over large populations. But you are only one individual. You have personal characteristics that affect your longevity that aren't considered...
by JoeRetire
Tue Dec 18, 2018 5:28 pm
Forum: Investing - Help with Personal Investments
Topic: The 4% rule
Replies: 71
Views: 6542

Re: The 4% rule

alex_686 wrote:
Mon Dec 17, 2018 10:33 pm
The 4% rule is just a rule of thumb. There us no strong logic behind it
That is simply incorrect.

https://en.wikipedia.org/wiki/Trinity_study