Search found 1054 matches

by JoeRetire
Tue Jul 17, 2018 4:31 pm
Forum: Personal Finance (Not Investing)
Topic: Buy a vacation home while renting
Replies: 25
Views: 1498

Re: Buy a vacation home while renting

Debt/Expenses Student loans: 210k @ 2.95%, 2.3k/month Rent: 2.9k/month I'm guessing you have a few more expenses than that... So, I'm curious to hear everyone's thoughts. Can we afford it? Probably. But it depends on your expenses. Is it a good idea? Good as in fiscally prudent? Probably not. Good ...
by JoeRetire
Tue Jul 17, 2018 3:49 pm
Forum: Personal Finance (Not Investing)
Topic: Another student loan question
Replies: 10
Views: 380

Re: Another student loan question

Waitressing or bartending would be the most likely options. Some waitress jobs bring in good money. JoeRetire and Delamer, I'm curious--a lot of the "everything else" is insurance. Life insurance on myself for my spouse's sake, car insurance, flood insurance, home insurance, disability insurance--w...
by JoeRetire
Tue Jul 17, 2018 3:33 pm
Forum: Investing - Help with Personal Investments
Topic: When to invest 100000?
Replies: 28
Views: 1401

Re: When to invest 100000?

I am 100% sure that a crash (35-50%) is coming. 100% ? 35-50% ? I have no idea what this is supposed to mean. In that situation, should I still dump my money into the stock market knowing that a crisis is not far away? Or should I wait until like the PE ratio drops down to like 10 and then invest? ...
by JoeRetire
Tue Jul 17, 2018 3:13 pm
Forum: Investing - Help with Personal Investments
Topic: Help with Retirement Investments
Replies: 4
Views: 406

Re: Help with Retirement Investments

Husband’s Accounts 4. Social Security starting in 2019: $2,930/month Wife’s Accounts 5. Spousal Social Security Benefit until 2022 then $1,450 $1,130/Month going to Money Market account now Wife is collecting spousal benefits now, but you aren't collecting your own benefits yet? I assume she is col...
by JoeRetire
Tue Jul 17, 2018 3:08 pm
Forum: Personal Consumer Issues
Topic: Why own a bed?
Replies: 126
Views: 7479

Re: Why own a bed?

A flattened cardboard box can be a handy substitute for a bed, and is much cheaper. At least that's what the guy sleeping under the overpass told me that one time.

Pro tip: Don't use pizza boxes - too greasy.
by JoeRetire
Tue Jul 17, 2018 2:58 pm
Forum: Personal Finance (Not Investing)
Topic: Another student loan question
Replies: 10
Views: 380

Re: Another student loan question

I currently owe $54,135 (due to the aforementioned income-based repayment plan that didn't cover all of the accruing interest). I'm on a graduated repayment plan, paying about $400 a month, and dreading when it goes up again in two more years. My current interest rate is at 7.625 percent. Otherwise...
by JoeRetire
Tue Jul 17, 2018 11:51 am
Forum: Personal Finance (Not Investing)
Topic: Wills
Replies: 25
Views: 1039

Re: Wills

28fe6 wrote:
Tue Jul 17, 2018 11:34 am
I don't have a lawyer. How do you find a good lawyer?
Ask for recommendations from your financial adviser, accountant, banker, or those friends who advised you that you need a will.
by JoeRetire
Tue Jul 17, 2018 11:42 am
Forum: Personal Finance (Not Investing)
Topic: Should I reduce the death benefit of my term life policy?
Replies: 20
Views: 831

Re: Should I reduce the death benefit of my term life policy?

Sorry, I should have been more clear. I can rely on my ex spouse to provide the basics for my son (food, shelter through age 18) but ex-spouse is of the mentality that thinks that an 18 year old should put themselves through college, seeing college as a high-falutin' thing that many rural people do...
by JoeRetire
Tue Jul 17, 2018 11:38 am
Forum: Personal Consumer Issues
Topic: How do I find information on home security cameras that came with the house?
Replies: 8
Views: 361

Re: How do I find information on home security cameras that came with the house?

I couldn't get a model # off him, or any instructions for how to use them. I don't know what brand they are. Look at the devices. Virtually all devices have some indication of a brand/model. You may have to disconnect one and look under the base or such. Or, if you have neighbors whose home was bui...
by JoeRetire
Tue Jul 17, 2018 11:35 am
Forum: Investing - Theory, News & General
Topic: Why age is not how to determine risk tolerance
Replies: 12
Views: 1024

Re: Why age is not how to determine risk tolerance

If you're young and have little money invested this ratio is low, and even a 100% loss wouldn't affect your retirement. Therefore, you are not risk averse When you near retirement the ratio is high and any significant loss will have a big effect on your retirement life. You are very risk averse Any...
by JoeRetire
Tue Jul 17, 2018 11:30 am
Forum: Personal Finance (Not Investing)
Topic: Should I reduce the death benefit of my term life policy?
Replies: 20
Views: 831

Re: Should I reduce the death benefit of my term life policy?

In the event that I die, I want to ensure that my son's college and graduate school are fully funded. Okay. That contradicts what you said in "If was to be hit by a bus tomorrow, my son is my only heir and would receive 100% of my 401/cash money/529 (obviously not all at once) and would also be sup...
by JoeRetire
Tue Jul 17, 2018 11:22 am
Forum: Investing - Help with Personal Investments
Topic: Planning for housing
Replies: 3
Views: 276

Re: Planning for housing

The general wisdom is not to invest money that you will need within the next 5 years or so. As you pointed out, you risk having a lot less than you expected, and not having enough for a down payment when the time comes. Now perhaps you are willing to wait however many years it takes in order to accu...
by JoeRetire
Tue Jul 17, 2018 11:12 am
Forum: Personal Finance (Not Investing)
Topic: Should I reduce the death benefit of my term life policy?
Replies: 20
Views: 831

Re: Should I reduce the death benefit of my term life policy?

I have no one else to be responsible for other than my son. If was to be hit by a bus tomorrow, my son is my only heir and would receive 100% of my 401/cash money/529 (obviously not all at once) and would also be supported 100% my other parent. So it appears that nobody would lose the benefits of y...
by JoeRetire
Tue Jul 17, 2018 10:57 am
Forum: Investing - Help with Personal Investments
Topic: House purchase: pay cash or get mortgage?
Replies: 8
Views: 908

Re: House purchase: pay cash or get mortgage?

My wife and I just had our offer accepted on a house. We need to decide ASAP whether to move forward with the lender and get a mortgage or to pay cash for the house. You hadn't already decided how you will pay for the house before looking and accepting? Did you get pre-qualified for a mortgage? Whe...
by JoeRetire
Tue Jul 17, 2018 10:48 am
Forum: Investing - Help with Personal Investments
Topic: Small windfall, no debt, where to put it? [USA]
Replies: 10
Views: 591

Re: Small windfall, no debt, where to put it? [USA]

What restrictions? Funding a 529 seems like an obvious choice to me. I mean the 10% penalty on gains in order to use it for anything other than education. It may be relatively small potatoes and worth the risk, but I worry that A) my children may not go to college, or B) We may save too much, given...
by JoeRetire
Tue Jul 17, 2018 10:45 am
Forum: Personal Finance (Not Investing)
Topic: Wills
Replies: 25
Views: 1039

Re: Wills

If you are married and have children, you need a will.

Talk with your lawyer.
by JoeRetire
Tue Jul 17, 2018 9:03 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Tax Hump vs. Tax Torpedo
Replies: 21
Views: 2245

Re: Social Security Tax Hump vs. Tax Torpedo

corn18 wrote:
Tue Jul 17, 2018 8:44 am
I should have used the sarcasm emoji but I don't know which one it is. I like beer, so maybe that is a good substitute. :sharebeer
I like beer too. That emoji is marginally better.
by JoeRetire
Tue Jul 17, 2018 8:38 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Tax Hump vs. Tax Torpedo
Replies: 21
Views: 2245

Re: Social Security Tax Hump vs. Tax Torpedo

ACA also introduces some very high marginal rates. Going over the income cliff can produce rates of 120,000 %. Typically it can be 30 % (state, fed and subsidy loss) on a fairly modest income. Still, I'm better off with it than without it. The marginal rate calculation is necessary for decisions on...
by JoeRetire
Tue Jul 17, 2018 8:36 am
Forum: Investing - Help with Personal Investments
Topic: Small windfall, no debt, where to put it? [USA]
Replies: 10
Views: 591

Re: Small windfall, no debt, where to put it? [USA]

We also don't have a 529 account at this point. We are in a good state for it, but I have worries about the restrictions placed on them given the unsustainable higher education costs and who knows what our children will do. What restrictions? Funding a 529 seems like an obvious choice to me. Otherw...
by JoeRetire
Tue Jul 17, 2018 7:00 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Tax Hump vs. Tax Torpedo
Replies: 21
Views: 2245

Re: Social Security Tax Hump vs. Tax Torpedo

ACA also introduces some very high marginal rates. Going over the income cliff can produce rates of 120,000 %. Typically it can be 30 % (state, fed and subsidy loss) on a fairly modest income. Still, I'm better off with it than without it. The marginal rate calculation is necessary for decisions on...
by JoeRetire
Mon Jul 16, 2018 8:19 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Questions for my Parents
Replies: 19
Views: 1215

Re: Social Security Questions for my Parents

Debt Mortgage - $750k They have about $11k per month in expenses $4,400 is mortgage, property taxes and insurance Yikes. Are they considering downsizing? Their one surviving grandparent is 95 and they should inherit about $1.7 million when she passes That sounds promising. If this were my parents, ...
by JoeRetire
Mon Jul 16, 2018 6:17 pm
Forum: Investing - Help with Personal Investments
Topic: Retiring at 62. Have Healthcare Plan. Is my Plan Sane?
Replies: 8
Views: 1200

Re: Retiring at 62. Have Healthcare Plan. Is my Plan Sane?

When does "fully retired" happen for you? 67 but may delay to 70 if our savings hold out and it is still worth 8% per year to delay SS. So what does "partially retired" mean for you from 62 to 67 or 70? Does it just mean the difference between stopping working and starting to collect social securit...
by JoeRetire
Mon Jul 16, 2018 6:09 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Questions for my Parents
Replies: 19
Views: 1215

Re: Social Security Questions for my Parents

My questions are If my dad passes away, my mom will receive his social security benefit (but not hers) as it is higher than hers, correct? Correct. 2. I believe point #1 applies regardless of if my dad starts to draw on his social security prior to his death or not, correct? So if my dad never file...
by JoeRetire
Mon Jul 16, 2018 6:00 pm
Forum: Personal Consumer Issues
Topic: Why own a bed?
Replies: 126
Views: 7479

Re: Why own a bed?

Caduceus wrote:
Mon Jul 16, 2018 10:41 am
Are there any good reasons to own a bed?
Does anyone ever join you in your bed? Or do you sleep alone?
by JoeRetire
Mon Jul 16, 2018 5:57 pm
Forum: Personal Consumer Issues
Topic: Shoe shine, airport?
Replies: 8
Views: 1221

Re: Shoe shine, airport?

Xrayman69 wrote:
Mon Jul 16, 2018 5:34 pm
What do people think about getting shoes shined or cared for at the airport?
If you have good shoes, it would be good for them, if pricey.

But I never wear good shoes on an airplane these days. I wear comfortable shoes or sneakers that are easy to remove.
by JoeRetire
Mon Jul 16, 2018 5:52 pm
Forum: Personal Consumer Issues
Topic: Would you pay $120 for a 5 year dishwasher warranty?
Replies: 56
Views: 2233

Re: Would you pay $120 for a 5 year dishwasher warranty?

You've already purchased the warranty, right?

So does it matter if folks here would or wouldn't do the same? I follow Consumer Report's advice and never purchase such warranties.
by JoeRetire
Mon Jul 16, 2018 5:50 pm
Forum: Investing - Help with Personal Investments
Topic: Retiring at 62. Have Healthcare Plan. Is my Plan Sane?
Replies: 8
Views: 1200

Re: Retiring at 62. Have Healthcare Plan. Is my Plan Sane?

This seems like the obvious plan. I know the ACA will change in the future and tax rates may change but what am I missing. When fully retired our pensions and SS will fully fund our lifestyle. Seems generally sane. The good thing is that you still have a few years to see what happens to the ACA and...
by JoeRetire
Mon Jul 16, 2018 5:14 pm
Forum: Investing - Theory, News & General
Topic: Taylor's New Book: The Bogleheads' Guide to The Three-Fund Portfolio
Replies: 190
Views: 29586

Re: NY Times reviews Taylor's Guide to the Three Fund Portfolio

You got the wrong guy, "dead wrong" was TomP10. I said "Guessing bogleheads are not the target for this book and some fluff may help the newbies get involved..." not a glowing comment but not "dead wrong" either, I accept your apology, no offense taken! Yup, sorry. I "merged" the comments incorrect...
by JoeRetire
Mon Jul 16, 2018 5:10 pm
Forum: Investing - Help with Personal Investments
Topic: Asett Allocation
Replies: 3
Views: 458

Re: Asett Allocation

Debt: 2 Car Loans one is 2% interest final payment Oct 2019 with a balance of $5500. Other is 3.74% interest 11K balance final payment 2022. Also have about 9k in 0% interest debt ( Hospital/medical bills and various purchases ) all needing to be paid in the next 10 months or so. Total size portfol...
by JoeRetire
Mon Jul 16, 2018 4:48 pm
Forum: Investing - Theory, News & General
Topic: Taylor's New Book: The Bogleheads' Guide to The Three-Fund Portfolio
Replies: 190
Views: 29586

Re: NY Times reviews Taylor's Guide to the Three Fund Portfolio

pkcrafter wrote:
Mon Jul 16, 2018 4:27 pm
The book is clear, easy to read and comprehend.
It is very easy to read and comprehend.
by JoeRetire
Mon Jul 16, 2018 4:39 pm
Forum: Investing - Theory, News & General
Topic: Taylor's New Book: The Bogleheads' Guide to The Three-Fund Portfolio
Replies: 190
Views: 29586

Re: NY Times reviews Taylor's Guide to the Three Fund Portfolio

I did not read the book yet wonder how many pages (I think the book is something like 140pp) you can fill even with charts and extensive explanations and variations to demo the effectiveness of the three fund portfolio? The book has 112 pages. Chapter 1: The Investment Industry starts on page 1 As ...
by JoeRetire
Mon Jul 16, 2018 3:30 pm
Forum: Investing - Theory, News & General
Topic: Taylor's New Book: The Bogleheads' Guide to The Three-Fund Portfolio
Replies: 190
Views: 29586

Re: NY Times reviews Taylor's Guide to the Three Fund Portfolio

I disagree with a one of the reviewer's comments. I could have done without the constant praise from his fellow Bogleheads — who are known only by their initials in the book — for the three-fund idea. It’s a good idea. Fine. No need to keep saying so. I think he is dead wrong. A big challenge with ...
by JoeRetire
Mon Jul 16, 2018 12:51 pm
Forum: Personal Consumer Issues
Topic: Amazon Prime Day 2018
Replies: 76
Views: 7699

Re: Amazon Prime Day 2018

For children and even some adults, a Fire 7 for $29.99 is a great deal.

If my grandkids didn't already have their own Kindles, I'd be getting them each one.
Same for my 86 year old Dad.
by JoeRetire
Mon Jul 16, 2018 12:29 pm
Forum: Investing - Help with Personal Investments
Topic: Tell me what's wrong with my strategy
Replies: 71
Views: 4519

Re: Tell me what's wrong with my strategy

I've been hyper focused on paying off the mtgs and maximizing revenue and have been paying 0% attention to putting my cash to work for the last 15 years, which is why I have a bunch of CD's and money market accounts. Currently, with less to do, I am eager to get my hard earned cash working for me i...
by JoeRetire
Mon Jul 16, 2018 8:24 am
Forum: Personal Finance (Not Investing)
Topic: Are Credit Cards Actually Convenient?
Replies: 65
Views: 3563

Re: Are Credit Cards Actually Convenient?

I've noticed that over the past several years, my credit cards have been declined more and more frequently, especially when I travel. Even if I go to the next county, odds are 50/50 that my card will be declined at a gas pump. Today, I had a card declined for a $15 purchase at a McDonalds about 25 ...
by JoeRetire
Mon Jul 16, 2018 8:18 am
Forum: Personal Finance (Not Investing)
Topic: $540 a month on food for graduate student budget too much?
Replies: 55
Views: 3277

Re: $540 a month on food for graduate student budget too much?

I am wondering if I am spending too much on food per month. I am basically eating out for every meal right now Yes, you are spending more than you could. Only you can decide how much is "too much". I am guessing that to save on food I would need to go to the grocery store and buy rice or pasta and ...
by JoeRetire
Sun Jul 15, 2018 7:20 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone not have a Budget?
Replies: 95
Views: 4892

Re: Anyone not have a Budget?

I don't have a budget for monthly expenses and I tend to maximize savings and only buy essentials (Which include dining out). Part of this does lead me to not spend on anything I don't find essential. Anyone else in the same boat? I followed a budget when my wife and I were saving for our first hom...
by JoeRetire
Sun Jul 15, 2018 6:33 pm
Forum: Investing - Help with Personal Investments
Topic: Tell me what's wrong with my strategy
Replies: 71
Views: 4519

Re: Tell me what's wrong with my strategy

I'm about to invest my first 500k into a stock portfolio (I have a moderate/high to high-risk tolerance). Where does this 500k come from? Surplus sitting in a money market making 1.7% So you had $1/2 M in a money market account. But now you consider yourself moderate/high to high risk tolerant? Wha...
by JoeRetire
Sun Jul 15, 2018 6:27 pm
Forum: Investing - Theory, News & General
Topic: Taylor's New Book: The Bogleheads' Guide to The Three-Fund Portfolio
Replies: 190
Views: 29586

Re: Taylor's New Book: The Bogleheads' Guide to The Three-Fund Portfolio

The Bogleheads should leave reviews after reading the book. Currently there is only one review on Amazon, and it was not a great rating because the reviewer felt the book was too short. That is the beauty of the Three-Fund Portfolio- its simplicity! I agree, the book was very, very short. And even ...
by JoeRetire
Sun Jul 15, 2018 6:51 am
Forum: Investing - Help with Personal Investments
Topic: Need to generate income
Replies: 27
Views: 2438

Re: Need to generate income

I also can't find a cfp in my area that will help me with my issue because of my age and what i am trying to do. What does that mean? What does your age have to do with anything? Does it mean that you can't find a CFP? Does it mean that you can find CFPs, but they aren't telling you what you want t...
by JoeRetire
Fri Jul 13, 2018 3:05 pm
Forum: Investing - Help with Personal Investments
Topic: Tell me what's wrong with my strategy
Replies: 71
Views: 4519

Re: Tell me what's wrong with my strategy

JoeMontana16 wrote:
Fri Jul 13, 2018 11:26 am
I'm about to invest my first 500k into a stock portfolio (I have a moderate/high to high-risk tolerance).
Where does this 500k come from?
by JoeRetire
Fri Jul 13, 2018 3:00 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone experienced landlords here? Caught some of my tenants renting out rooms. Anything I should do?
Replies: 29
Views: 5059

Re: Anyone experienced landlords here? Caught some of my tenants renting out rooms. Anything I should do?

I am just wondering what I should do in this case and what actions I should take right now, if the tenant does not pay the rent on time, or if the other people cause disturbances. You can only do what your lease agreement and local laws permit. Does your lease agreement specifically prohibit sublea...
by JoeRetire
Fri Jul 13, 2018 2:54 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Labeling: "Restricted Application for Spousal Benefit", or Just "Spousal Benefit".
Replies: 3
Views: 450

Re: Social Security Labeling: "Restricted Application for Spousal Benefit", or Just "Spousal Benefit".

Is this labeling of the application correct? Should we insist on the designation " Restricted Application " on the paperwork? There should be a comments section in the paperwork where you can make it clear that she is applying ONLY for her Spousal Benefit and not for her own benefit. That way they ...
by JoeRetire
Fri Jul 13, 2018 2:46 pm
Forum: Personal Finance (Not Investing)
Topic: Grandpa's 88 and has term life insurance
Replies: 39
Views: 2842

Re: Grandpa's 88 and has term life insurance

It might be a tax management tool too, but doesn't seem like it based on limited information provided here. That was basically my point. Without asking Grandpa, we have no idea why the life insurance was purchased. Thus we cannot reasonably presume it would be good to cancel it, nor an we presume i...
by JoeRetire
Fri Jul 13, 2018 2:44 pm
Forum: Personal Finance (Not Investing)
Topic: How to plan for health insurance at a young age?
Replies: 75
Views: 2606

Re: How to plan for health insurance at a young age?

a million Americans are now participating in such ministries, up from 160k in 2014. It's my belief that an option with that many people participating in it at least deserves a mention. 0.3% of the US population? If that were the criterion, we should be discussing a lot of topics. Please read the to...
by JoeRetire
Fri Jul 13, 2018 2:39 pm
Forum: Investing - Theory, News & General
Topic: Saving 20% of paycheck isn't enough
Replies: 91
Views: 10663

Re: Saving 20% of paycheck isn't enough

I feel that 10-20% savings is simply not enough and should be aimed more at 40% to achieve an early retirement goal. This goes with no inheritance, windfalls of gambling or the what not. I understand this 40% goal is not possible for many, but nor is retiring early....... The general rule of thumb ...
by JoeRetire
Thu Jul 12, 2018 12:57 pm
Forum: Personal Finance (Not Investing)
Topic: Grandpa's 88 and has term life insurance
Replies: 39
Views: 2842

Re: Grandpa's 88 and has term life insurance

But if no one is dependent on your continued living for their income, then it doesn't make a lot of sense. Life insurance really is income insurance, in a practical sense. Once you stop working, it doesn't make a lot of sense unless you're doing something for someone for free that they would have t...
by JoeRetire
Thu Jul 12, 2018 12:50 pm
Forum: Personal Finance (Not Investing)
Topic: Grandpa's 88 and has term life insurance
Replies: 39
Views: 2842

Re: Grandpa's 88 and has term life insurance

I don't know when he purchased it or what his goal was. Goals matter. His beneficiaries would be his two kids because Grandma has already passed. I suspect that's just a guess? I think maybe his plans for it were that it would cover funeral expenses, end of life expenses, etc. Again, that's probabl...
by JoeRetire
Thu Jul 12, 2018 12:46 pm
Forum: Personal Finance (Not Investing)
Topic: Credit score after becoming debt free?
Replies: 44
Views: 2887

Re: Credit score after becoming debt free?

I anticipate that I may want to get a mortgage at some point in the future if I want to buy a different house. Why would you choose to go into debt again? Why not? I use debt as a financial tool. If I were to buy a new house, I'd at least look at loans and run some numbers. I try not to get emotion...