Search found 5175 matches

by JoeRetire
Thu May 28, 2020 8:26 pm
Forum: Personal Investments
Topic: Overpay for the home we love?
Replies: 62
Views: 4619

Re: Overpay for the home we love?

should I just pay the 475 and be done with it? If it's worth 475 to you, then pay it. Otherwise don't. The problems I see are: homes in this price range don’t sell quickly in this town, however I should be able to rent it out when we move. When do you plan to move? How much do you think you can ren...
by JoeRetire
Tue May 26, 2020 10:45 am
Forum: Investing - Theory, News & General
Topic: Will the US become like Japan?
Replies: 68
Views: 5085

Re: Will the US become like Japan?

With interest rates set to stay near zero for the foreseeable future, the Fed instituting massive monetary easing for Treasuries and mortgage backed securities, entire industries being bailed out with government cash (i.e. airlines), and consumer confidence likely not to rebound any time soon due t...
by JoeRetire
Sun May 17, 2020 6:28 am
Forum: Personal Finance (Not Investing)
Topic: Life Changing Decision [Mortgage Down Payment]
Replies: 17
Views: 2147

Re: Life Changing Decision [Mortgage Down Payment]

Guys and Gals....I really could use your advice as we just sold our house and are walking with $191,000 after closing. My Grandma just died and left me about $60,000 so in total we have around 250k liquid cash and my wife and I want to know what to do with it. Im 39 and wife is 35 Combined Income =...
by JoeRetire
Fri May 15, 2020 2:35 pm
Forum: Personal Finance (Not Investing)
Topic: Question re deferred social security claim
Replies: 3
Views: 309

Re: Question re deferred social security claim

seychellois_lib wrote:
Thu May 14, 2020 9:44 pm
The concern it raises in my mind is that if I die tomorrow and have not claimed, is W somehow deprived of the accrued delayed claim benefit I have achieved thus far?
As long as W waits until her FRA to claim survivor benefits, she will not be deprived of any of your delayed benefit credits.
by JoeRetire
Fri May 15, 2020 2:31 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Calculation question
Replies: 17
Views: 992

Re: Social Security Calculation question

summerof42 wrote:
Thu May 14, 2020 4:36 pm
If I had zero earnings for 12 years (stay at home Mom) of the 47 years I have worked, will SS replace those years' with the best of my 35 years of income when calculating my average?
Yes. The best 35 years are used for calculations.
by JoeRetire
Wed May 13, 2020 4:22 pm
Forum: Personal Finance (Not Investing)
Topic: Should you include home equity in Net Worth?
Replies: 160
Views: 7608

Re: Should you include home equity in Net Worth?

I am always mystified by folks who say “who cares about net worth?” The sum total of all the things you own is a useful number, especially if you intend to sell them one day. I've never found a use for it. Even if you don’t intend to sell your house, unforeseen events might force your hand. If that...
by JoeRetire
Wed May 13, 2020 4:19 pm
Forum: Personal Finance (Not Investing)
Topic: Should you include home equity in Net Worth?
Replies: 160
Views: 7608

Re: Should you include home equity in Net Worth?

Should home equity be included in your Net Worth? Yes. You should also include the fair market value of every possession you own. Cars, golf clubs, silverware, etc, etc. Also, how would you calculate it - the amount of principal paid down from your original loan, the amount owed vs. estimated value...
by JoeRetire
Thu May 07, 2020 6:30 pm
Forum: Personal Consumer Issues
Topic: Cross Country Drive-Best route? Safest way to do it?
Replies: 40
Views: 3782

Re: Cross Country Drive-Best route? Safest way to do it?

If I were moving across the country today, I would fly and have my car shipped. Much less opportunity to get exposed in a five hour flight than on a weeklong drive. Not only that, but you eliminate the most likely source of risk - a car accident. Yes, but we can't abandon our pets. Pets can be flow...
by JoeRetire
Thu May 07, 2020 6:29 pm
Forum: Personal Consumer Issues
Topic: IE, Chrome or Firefox, that is the question.
Replies: 53
Views: 2966

Re: IE, Chrome or Firefox, that is the question.

Updating a few things on the old 'confuser' (PC) and, at the risk of starting a war of opinions, was wondering if there was a general consensus among the cognoscenti on which browser is the best for a non-techie ... IE, Chrome, Firefox ... and why? Chrome is the best. It's unlikely that you'll get ...
by JoeRetire
Wed May 06, 2020 10:25 am
Forum: Personal Consumer Issues
Topic: Cross Country Drive-Best route? Safest way to do it?
Replies: 40
Views: 3782

Re: Cross Country Drive-Best route? Safest way to do it?

quantAndHold wrote:
Wed May 06, 2020 9:59 am
If I were moving across the country today, I would fly and have my car shipped. Much less opportunity to get exposed in a five hour flight than on a weeklong drive.
Not only that, but you eliminate the most likely source of risk - a car accident.
by JoeRetire
Tue May 05, 2020 6:03 am
Forum: Investing - Theory, News & General
Topic: All my friends are outperforming index funds
Replies: 122
Views: 11147

Re: All my friends are outperforming index funds

Three months of lucky guesses?
by JoeRetire
Tue May 05, 2020 6:02 am
Forum: Personal Finance (Not Investing)
Topic: HSA contributions forgivable for PPP?
Replies: 8
Views: 537

Re: HSA contributions forgivable for PPP?

What does "forgivable" mean in this context?
by JoeRetire
Mon May 04, 2020 7:48 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage Payoff or Invest
Replies: 8
Views: 1085

Re: Mortgage Payoff or Invest

Griswold wrote:
Fri May 01, 2020 1:37 pm
However, we are leaning to paying off the mortgage just for peace of mind.
So apparently you are more concerned about the non-financial aspects. Then pay off the mortgage, if it will help you sleep better.
by JoeRetire
Thu Apr 30, 2020 6:08 am
Forum: Personal Consumer Issues
Topic: What are you listening to now
Replies: 618
Views: 32615

Re: What are you listening to now

sid hartha wrote:
Wed Apr 29, 2020 10:12 am
JoeRetire wrote:
Sun Apr 26, 2020 6:48 pm
My wife just popped in The Beatles, Rubber Soul CD.

I'm happy.
Stereo or Mono?
Mono!
It took me a while to realize why it sounded the way it did until I remembered. Hadn't listened to that for a long time.
by JoeRetire
Tue Apr 28, 2020 7:40 pm
Forum: Personal Finance (Not Investing)
Topic: Carrying a big long mortgage
Replies: 92
Views: 6034

Re: Carrying a big long mortgage

3) People who owned home and had mortgage or (had two mortgages) were devastated. They have no income now. They can’t sell their home in this environment. And they can’t move because even if they find a job elsewhere their mortgage payment is still due. So it would mean paying a mortgage plus rent ...
by JoeRetire
Tue Apr 28, 2020 4:38 pm
Forum: Personal Finance (Not Investing)
Topic: Carrying a big long mortgage
Replies: 92
Views: 6034

Re: Carrying a big long mortgage

Here's a question that comes up often. Does it ever make sense to hold bonds yielding a lower rate than one's current mortgage? I personally have around $170k in Total Bond. Mortgage has $313k remaining at 3.5%. Portfolio is 80/20. Should I: 1. Sell the bonds and pay down the mortgage, and be 100% ...
by JoeRetire
Tue Apr 28, 2020 4:25 pm
Forum: Personal Finance (Not Investing)
Topic: Carrying a big long mortgage
Replies: 92
Views: 6034

Re: Carrying a big long mortgage

From here on out, and especially given the projected unemployment rates in the near future, I am more nervous about being tied down and having a mortgage that makes me immobile This is interesting. What about having a mortgage ties you down and makes you immobile? let alone a big expensive mortgage...
by JoeRetire
Tue Apr 28, 2020 4:14 pm
Forum: Personal Consumer Issues
Topic: Amazon Fire 7" Tablet - Ninth Generation
Replies: 18
Views: 1131

Re: Amazon Fire 7" Tablet - Ninth Generation

Any comments on the Amazon Fire tablets? I recently received an Amazon Fire 7" tablet with 16 GB memory as a gift for attending a seminar. I'm trying to decide whether to keep the tablet or give it to someone who might enjoy it. If you can't find a use for it, give it to someone. My grandchildren a...
by JoeRetire
Tue Apr 28, 2020 4:02 pm
Forum: Investing - Theory, News & General
Topic: SS as part of Asset Allocation?
Replies: 41
Views: 2032

Re: SS as part of Asset Allocation?

Chip Shot wrote:
Tue Apr 28, 2020 11:23 am
Does anyone consider Social Security to be part of their asset allocation?
I don't.

I consider it a future income stream, with some particularly appealing features.
And when I was working, I didn't count my salary as part of my asset allocation.
by JoeRetire
Mon Apr 27, 2020 7:03 am
Forum: Investing - Theory, News & General
Topic: Best Upcoming Time to Lump Sum Into Market
Replies: 17
Views: 1451

Re: Best Upcoming Time to Lump Sum Into Market

I guess this is sort of market timing and the typical BH answer will be "right now", but what I am asking is if there is any potential news I should be aware of over the next few weeks that would make it worth waiting for (or not waiting for)....e.g. any upcoming earnings reports, economic data rep...
by JoeRetire
Mon Apr 27, 2020 7:00 am
Forum: Personal Investments
Topic: Should I sell rental as planned or change course due to corona ?
Replies: 7
Views: 554

Re: Should I sell rental as planned or change course due to corona ?

Seems like you should at least attempt to sell. That's the only way you'll actually know if the market is difficult for those trying to sell.
by JoeRetire
Mon Apr 27, 2020 6:57 am
Forum: Personal Investments
Topic: Why am I even saving for retirement?
Replies: 223
Views: 19850

Re: Why am I even saving for retirement?

We are both in our mid 30s each earning way above the maximum SS taxable earnings. Even if we don't save another dime, we will have more than enough to cover that 10 year drawdown from age 60 to 70 (assuming conservative growth over the next 25 years of our current portfolio). So why should we save...
by JoeRetire
Sun Apr 26, 2020 6:54 pm
Forum: Personal Consumer Issues
Topic: What have you baked recently?
Replies: 269
Views: 31335

Re: What have you baked recently?

My wife made Pear and Ginger Scones today - delicious.
by JoeRetire
Sun Apr 26, 2020 6:48 pm
Forum: Personal Consumer Issues
Topic: What are you listening to now
Replies: 618
Views: 32615

Re: What are you listening to now

My wife just popped in The Beatles, Rubber Soul CD.

I'm happy.
by JoeRetire
Sun Apr 26, 2020 6:42 pm
Forum: Personal Finance (Not Investing)
Topic: Payoff house and quit good-paying job?
Replies: 112
Views: 8077

Re: Payoff house and quit good-paying job?

MathIsMyWayr wrote:
Sun Apr 26, 2020 6:40 pm
Yes, short on sight, but long on wish.
Wishes are nice.
by JoeRetire
Sun Apr 26, 2020 6:30 pm
Forum: Personal Finance (Not Investing)
Topic: Payoff house and quit good-paying job?
Replies: 112
Views: 8077

Re: Payoff house and quit good-paying job?

30 yr old. Got a first real job about a year ago This sounds dorky and immature but I want to work at a theme park or zoo hanging out and doing mindless tasks with no REAL responsibilities. my math says we can live just fine I feel like I wouldn't mind "working" easy part-time jobs later in life to...
by JoeRetire
Sun Apr 26, 2020 5:58 am
Forum: Personal Investments
Topic: Mother has only $85K to sustain her
Replies: 81
Views: 8125

Re: Mother has only $85K to sustain her

tunka wrote:
Sat Apr 25, 2020 11:09 pm
Can she get another step-up in benefits from her second husband if his is more?
If she was married to her second husband at least 9 months, and her second husband's benefit was more than she is currently receiving, then the answer is Yes.
by JoeRetire
Sun Apr 26, 2020 5:45 am
Forum: Personal Investments
Topic: Sudden Early Retiree Family Portfolio Questions
Replies: 20
Views: 2388

Re: Sudden Early Retiree Family Portfolio Questions

The continued operation of his family business is now in question, but more importantly, having spent the past (now) two months at home and realizing that he sleeps *better* waking up every few hours to manage a crying infant than he did with the insomnia and job stress has left him feeling like it...
by JoeRetire
Sat Apr 25, 2020 5:11 pm
Forum: Personal Investments
Topic: Mother has only $85K to sustain her
Replies: 81
Views: 8125

Re: Mother has only $85K to sustain her

She has only $85,000 in cash and is 78 years old. Her expenses exceed income by $500 per month. If she could keep it at that, she'd probably be fine. In order to make it last as long as possible I recommended she rent an apartment in order to generate income from the $85,000. Not sure how renting a...
by JoeRetire
Sat Apr 25, 2020 2:31 pm
Forum: Personal Investments
Topic: Preparing for the storm ahead.
Replies: 59
Views: 6533

Re: Preparing for the storm ahead.

6 month emergency fund in HYSA My job is safe until the fall, but then I am facing probable pay cut of 40% and possible furlough. Assuming I don’t have more than 7% a month to save/invest would it be a good idea to stop the 7% going into 401k and open a taxable account to make the money more access...
by JoeRetire
Sat Apr 25, 2020 1:57 pm
Forum: Personal Finance (Not Investing)
Topic: Take Social Security now, at 66, during Corona-virus?
Replies: 61
Views: 4965

Re: Take Social Security now, at 66, during Corona-virus?

Something that I did not understand at first was that if you are married and your Social Security is a lot higher than your spouses then once you are both collecting Social Security then your spouse will likely be collecting a spousal benefit that is based on your benefit at your full retirement ag...
by JoeRetire
Sat Apr 25, 2020 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: Take Social Security now, at 66, during Corona-virus?
Replies: 61
Views: 4965

Re: Take Social Security now, at 66, during Corona-virus?

While everybody talks about waiting until 70, Opensocialsecurity suggests that my optimal claiming age will be close to 70 without reductions based on current law, but somewhat less than that with the reductions. I'm assuming everyone is assuming reductions will take place per current law. I'm not ...
by JoeRetire
Sat Apr 25, 2020 1:48 pm
Forum: Personal Finance (Not Investing)
Topic: Take Social Security now, at 66, during Corona-virus?
Replies: 61
Views: 4965

Re: Take Social Security now, at 66, during Corona-virus?

Any well thought out plan for SS filing should certainly take into account the possibility of an unexpected change in expected longevity. The typical example given is something like a cancer diagnosis with poor prognosis, but folks living in COVID-19 hotspots might also consider themselves to be cu...
by JoeRetire
Sat Apr 25, 2020 8:23 am
Forum: Personal Finance (Not Investing)
Topic: Take Social Security now, at 66, during Corona-virus?
Replies: 61
Views: 4965

Re: Take Social Security now, at 66, during Corona-virus?

We too were planning to wait until 70 ( 64 now) but reading about how SS trust fund is expected to be impacted by the market downturn has me wondering too. But the Fed printed so much money in response to Covid...won’t the gov resuscitate SS as needed as well? That would require future legislation ...
by JoeRetire
Sat Apr 25, 2020 6:45 am
Forum: Personal Consumer Issues
Topic: [how to help ill father-in-law who lives 1000 miles away]
Replies: 18
Views: 2105

Re: Unfortunate cancer diagnosis

A cancer diagnosis is never a good thing. However, during this pandemic it becomes multitudes worse. My father-in-law has just been diagnosed. He lives about 1000 miles away from us. Nobody can go with him for treatment due to the virus. The only way to get to him is to fly or drive and then quaran...
by JoeRetire
Sat Apr 25, 2020 6:32 am
Forum: Personal Finance (Not Investing)
Topic: Take Social Security now, at 66, during Corona-virus?
Replies: 61
Views: 4965

Re: Take Social Security now, at 66, during Corona-virus?

However, Corona-virus has (possibly?) inserted a new variable in the equation. In what way? How has the virus changed your calculus? Is it better to take it now since SS could run into future problems and at least I'll be glad I got something out of it before they do? You think these "future proble...
by JoeRetire
Wed Apr 22, 2020 7:29 pm
Forum: Investing - Theory, News & General
Topic: Are you a market timer if you sit on cash?
Replies: 26
Views: 2218

Re: Are you a market timer if you sit on cash?

If one already has their emergency reserve and is sitting on cash, is he/she a real long term investor or market timer? You can't be a real long term investor if you sit on cash and never invest. You can't be a market timer, without trying to invest in the market at the right time. If you are sitti...
by JoeRetire
Wed Apr 22, 2020 1:19 pm
Forum: Personal Consumer Issues
Topic: Filling a void (of unknown size) under driveway
Replies: 26
Views: 1514

Re: Filling a void (of unknown size) under driveway

Wasatcher wrote:
Wed Apr 22, 2020 12:45 pm
Clearly I need to fill the void before patching the asphalt above.
And before filling the void, you need to determine what caused the void (chipmunks, rainwater, etc) so that it doesn't just come back.
by JoeRetire
Wed Apr 22, 2020 6:53 am
Forum: Personal Consumer Issues
Topic: RV/Camper in Corona Virus Times
Replies: 23
Views: 1700

Re: RV/Camper in Corona Virus Times

Seems like plane travel, hotels, and eating in restaurants my not be prudent for the foreseeable future. RV/Camper travel might serve as a replacement for traditional vacations. Anyone else considering this? Determine where you expect to go with this RV/Camper first. And find out what rules they cu...
by JoeRetire
Wed Apr 22, 2020 6:46 am
Forum: Personal Consumer Issues
Topic: RV/Camper in Corona Virus Times
Replies: 23
Views: 1700

Re: RV/Camper in Corona Virus Times

Seems like plane travel, hotels, and eating in restaurants my not be prudent for the foreseeable future. RV/Camper travel might serve as a replacement for traditional vacations. Anyone else considering this? Determine where you expect to go with this RV/Camper first. And find out what rules they cu...
by JoeRetire
Tue Apr 21, 2020 4:14 pm
Forum: Personal Finance (Not Investing)
Topic: Parents want me to pay off their mortgage in exchange for title
Replies: 102
Views: 9219

Re: Parents want me to pay off their mortgage in exchange for title

I wrote about my parents' financial issues before, their small business is in absolutely dire straits now. Their primary (and only) asset is their primary residence. Comparable sales were about $550k prior to the pandemic. They owe about $180k. My parents made me the following proposition. I pay of...
by JoeRetire
Tue Apr 21, 2020 2:48 pm
Forum: Personal Finance (Not Investing)
Topic: Pre-Layoff: Work doubly hard to be untouchable or Start practicing for interviews?
Replies: 56
Views: 5636

Re: Pre-Layoff: Work doubly hard to be untouchable or Start practicing for interviews?

canadianbacon wrote:
Mon Apr 20, 2020 9:04 pm
JoeRetire wrote:
Mon Apr 20, 2020 2:15 pm
Silk McCue wrote:
Mon Apr 20, 2020 1:26 pm
Are you an expert in the field?
35+ years in the tech field on both sides of the hiring equation.
Others were less polite about it, but it's a different game now.
Apparently it's different for some. It's not different for my network of family and friends.
by JoeRetire
Tue Apr 21, 2020 2:47 pm
Forum: Personal Finance (Not Investing)
Topic: Pre-Layoff: Work doubly hard to be untouchable or Start practicing for interviews?
Replies: 56
Views: 5636

Re: Pre-Layoff: Work doubly hard to be untouchable or Start practicing for interviews?

35+ years in the tech field on both sides of the hiring equation. What kind of "tech field" do you mean? Software. It's not uncommon at all to take a few months to prepare for interviews at FAANG-type companies. If one hasn't interviewed in the last few years, it can take longer, otherwise shorter....
by JoeRetire
Tue Apr 21, 2020 2:45 pm
Forum: Personal Finance (Not Investing)
Topic: Pre-Layoff: Work doubly hard to be untouchable or Start practicing for interviews?
Replies: 56
Views: 5636

Re: Pre-Layoff: Work doubly hard to be untouchable or Start practicing for interviews?

Are you an expert in the field? 35+ years in the tech field on both sides of the hiring equation. Did you bother to continue reading further down to see the specific response from the OP explaining this? I did indeed bother. You couldn't have and then posted this jab. OP knows their own situation b...
by JoeRetire
Mon Apr 20, 2020 2:15 pm
Forum: Personal Finance (Not Investing)
Topic: Pre-Layoff: Work doubly hard to be untouchable or Start practicing for interviews?
Replies: 56
Views: 5636

Re: Pre-Layoff: Work doubly hard to be untouchable or Start practicing for interviews?

Are you an expert in the field? 35+ years in the tech field on both sides of the hiring equation. Did you bother to continue reading further down to see the specific response from the OP explaining this? I did indeed bother. You couldn't have and then posted this jab. OP knows their own situation b...
by JoeRetire
Mon Apr 20, 2020 1:21 pm
Forum: Personal Finance (Not Investing)
Topic: Pre-Layoff: Work doubly hard to be untouchable or Start practicing for interviews?
Replies: 56
Views: 5636

Re: Pre-Layoff: Work doubly hard to be untouchable or Start practicing for interviews?

simplesimon wrote:
Mon Apr 20, 2020 6:57 am
What about tech requires 3-6 months of intense interview prep?
Nothing. It's a false dilemma.
by JoeRetire
Mon Apr 20, 2020 1:19 pm
Forum: Personal Finance (Not Investing)
Topic: Pre-Layoff: Work doubly hard to be untouchable or Start practicing for interviews?
Replies: 56
Views: 5636

Re: Pre-Layoff: Work doubly hard to be untouchable or Start practicing for interviews?

I'm going to work doubly hard to prove to my manager, skip-level manager, etc... that I'm the most valuable employee (aka MVP) and should be the last to go. in secret I'm going to start practicing for interviews The smart play is to do both. Work hard and practice in case it doesn't work out. Most ...
by JoeRetire
Mon Apr 20, 2020 1:14 pm
Forum: Personal Investments
Topic: I'm out [of the market]
Replies: 109
Views: 11843

Re: I'm out [of the market]

Talyho wrote:
Sun Apr 19, 2020 11:49 am
So Friday I decided to pull the plug and sold all stock and bound funds and put it in prime money mkt.

I guess I'm just curious as to what others think of this action.
Why didn't you do this years ago? Why now?
by JoeRetire
Mon Apr 20, 2020 10:03 am
Forum: Personal Investments
Topic: Different Spin on the question of "Should I pay of the house or Invest.."
Replies: 73
Views: 4552

Re: Different Spin on the question of "Should I pay of the house or Invest.."

oleblue wrote:
Sun Apr 19, 2020 8:06 am
This first example is assuming starting with 0 investable assets.

What did I miss here?
Retiring at 39 with no investable assets?
by JoeRetire
Mon Apr 20, 2020 10:02 am
Forum: Personal Investments
Topic: Different Spin on the question of "Should I pay of the house or Invest.."
Replies: 73
Views: 4552

Re: Different Spin on the question of "Should I pay of the house or Invest.."

However, I'm in the camp of no debt, I sleep better at night knowing I don't owe a buddy $10 much less $150K to a bank. We all get to decide how much our sleep is worth. Lets assume a person was 37 years old, has been investing for years and has "enough" money in investments and emergency funds for...