Search found 5566 matches

by JoeRetire
Wed Sep 23, 2020 2:55 pm
Forum: Personal Finance (Not Investing)
Topic: Bad Finance to put 20% down on House
Replies: 19
Views: 2485

Re: Bad Finance to put 20% down on House

So if PMI doesn't scale with the size of mortgage It doesn't? I don't know, since I never paid PMI. This https://www.investopedia.com/mortgage/insurance/avoid-pmi/ indicates that PMI "typically costs between 0.5% to 1% of the entire loan amount on an annual basis". That's money I never want to pay.
by JoeRetire
Wed Sep 23, 2020 5:42 am
Forum: Personal Consumer Issues
Topic: Do items magically appear in your Amazon cart?
Replies: 27
Views: 1550

Re: Do items magically appear in your Amazon cart?

DaftInvestor wrote: Tue Sep 22, 2020 3:08 pm Do you have an Echo/Dot or other Alexa product/technology enabled?
Perhaps you said "Alexa, tell me what the weather will be today" and the AI heard "Alexa, add some popcorn to my cart".
Another possibility....
Seems unlikely. Alexa tells you what it is doing each time.
by JoeRetire
Tue Sep 22, 2020 2:39 pm
Forum: Personal Investments
Topic: Help Managing Father's Finances
Replies: 13
Views: 1174

Re: Help Managing Father's Finances

Savings account 1.2% interest: $1,300,000 That's a pretty good rate for a savings account. Where is it being held? Goals: To provide anything my dad needs till his death Beyond the $11,000/month, is there something else dad needs? 1) Should we move the Fidelity IRA funds to a more conservative inve...
by JoeRetire
Tue Sep 22, 2020 1:22 pm
Forum: Personal Consumer Issues
Topic: Do items magically appear in your Amazon cart?
Replies: 27
Views: 1550

Re: Do items magically appear in your Amazon cart?

Several times I have found items in my shopping cart that I did not put there. There's no magic. It just means that either someone else put them there, or you put them there but didn't realize that you did. Check with whoever shares your amazon account or uses your computer. Items don't end up in y...
by JoeRetire
Tue Sep 22, 2020 10:16 am
Forum: Personal Finance (Not Investing)
Topic: Credit score mystery
Replies: 23
Views: 1517

Re: Credit score mystery

I was talking to a lender who provided me a pre-approval letter for a home loan. He mentioned that my credit score is 760, which is "perfect" by their standard. In Credit Karma, both of my scores are ~800 and the FICO score provided by my AMEX credit card is 772. I figured that lenders may use a sc...
by JoeRetire
Tue Sep 22, 2020 10:09 am
Forum: Personal Finance (Not Investing)
Topic: The Magic Number; Rule of 25; 4%; etc.
Replies: 46
Views: 2733

Re: The Magic Number; Rule of 25; 4%; etc.

Perhaps my original post was worded incorrectly. I am talking Post-Retirement. FIRE, JL Collins, etc. suggest multiplying annual expenses by 25 to identify the magic number needed to retire. I'm simply trying to figure out if I have reasonably anticipated all post-retirement expenses....and why my ...
by JoeRetire
Tue Sep 22, 2020 10:03 am
Forum: Personal Investments
Topic: Why is this portfolio wrong?
Replies: 55
Views: 3187

Re: Why is this portfolio wrong?

2 1/2 years from retirement. Basically am where I want to be in terms of investments right now...future contributions are gravy. I've had the same portfolio for years. 50% SPY, 50% QQQ. May occasionally go 10% cash. No international, no emerging markets, no bonds. Should I change and why??? This is...
by JoeRetire
Mon Sep 21, 2020 5:18 am
Forum: Personal Finance (Not Investing)
Topic: Any retirees thought about cutting spending in March 2020?
Replies: 53
Views: 3447

Re: Any retirees thought about cutting spending in March 2020?

MathIsMyWayr wrote: Mon Sep 21, 2020 2:18 am Reading between lines is helpful, sometimes. :wink:
There were lines?
by JoeRetire
Mon Sep 21, 2020 5:17 am
Forum: Personal Finance (Not Investing)
Topic: Any retirees thought about cutting spending in March 2020?
Replies: 53
Views: 3447

Re: Any retirees thought about cutting spending in March 2020?

HomerJ wrote: Sun Sep 20, 2020 10:54 pm The question is faulty
Uhm, okay.
by JoeRetire
Sun Sep 20, 2020 9:25 pm
Forum: Personal Finance (Not Investing)
Topic: Any retirees thought about cutting spending in March 2020?
Replies: 53
Views: 3447

Re: Any retirees thought about cutting spending in March 2020?

We never thought of cutting our spending. So I guess no travel or eating out in your budget? We haven't traveled during the pandemic. That had nothing at all to do with cutting spending - we have no need to do that. We have plenty of money such that a down market doesn't worry us. We have eaten out...
by JoeRetire
Sun Sep 20, 2020 9:19 pm
Forum: Personal Finance (Not Investing)
Topic: Any retirees thought about cutting spending in March 2020?
Replies: 53
Views: 3447

Re: Any retirees thought about cutting spending in March 2020?

We never thought of cutting our spending. So I guess no travel or eating out in your budget? We haven't traveled during the pandemic. That had nothing at all to do with cutting spending - we have no need to do that. We have plenty of money such that a down market doesn't worry us. We have eaten out...
by JoeRetire
Sun Sep 20, 2020 9:17 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Claiming Question
Replies: 7
Views: 1079

Re: Social Security Claiming Question

#Cruncher wrote: Sun Sep 20, 2020 9:00 am However, instead of using average mortalities we can base the calculation on benefits continuing until a specific age.
Of course https://opensocialsecurity.com/ can do that as well.
by JoeRetire
Sun Sep 20, 2020 9:15 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Claiming Question
Replies: 7
Views: 1079

Re: Social Security Claiming Question

cloneman33 wrote: Sat Sep 19, 2020 10:22 amJust think we should take her small benefit ($345 month) at 62 and benefit from over 3 years of taking that before optimal, if it means such a small difference in total as I delay to 70.
Didn't you just prove it makes little difference? So why do you think you should take hers early?
by JoeRetire
Sun Sep 20, 2020 3:03 pm
Forum: Personal Consumer Issues
Topic: Google voice device ?
Replies: 25
Views: 1467

Re: Google voice device ?

It seems that Polycom who bought out obihai's google voice device has done away with "google voice" in their new release of devices. Are there any other devices that handle google voice similar to Polycom? I know it can be done via the computer or Cell phone, but I would like to keep my "land line"...
by JoeRetire
Sun Sep 20, 2020 2:44 pm
Forum: Personal Consumer Issues
Topic: Grocery store didn't tell me Shingrix was $160
Replies: 197
Views: 12836

Re: Grocery store didn't tell me Shingrix was $160

Take a look at the damage that Shingles can do and you may realize this is the best value you have ever received for $160. I asked my doctor if he ever sees Shingle's case and he said: "oh yea, many". I got Shingles from getting the old vaccine. The doctor said it was rare, but does happen. It was ...
by JoeRetire
Sun Sep 20, 2020 11:47 am
Forum: Personal Finance (Not Investing)
Topic: That Magic Number - Downpayment
Replies: 23
Views: 1784

Re: That Magic Number - Downpayment

socialforums2019 wrote: Sun Sep 20, 2020 9:26 amOption 3
Your suggested alternative
Put 20% down (or whatever amount is needed to avoid PMI.
by JoeRetire
Sun Sep 20, 2020 10:08 am
Forum: Investing - Theory, News & General
Topic: Chris Hogan's Facebook Group restrictions
Replies: 52
Views: 3221

Re: Chris Hogan's Facebook Group restrictions

So I guess what I'm wondering if anyone has seen this type of censorship anywhere else online in the finance or other sectors? Thanks! That's pretty typical of Facebook Groups. The Admin and Moderators can do anything they choose to guide the conversations. I've joined over 150 fb groups over the p...
by JoeRetire
Sun Sep 20, 2020 10:03 am
Forum: Personal Finance (Not Investing)
Topic: Any retirees thought about cutting spending in March 2020?
Replies: 53
Views: 3447

Re: Any retirees thought about cutting spending in March 2020?

I am wondering if any retirees thought about cutting spending (and how) in March when the market was down hugely? I knew it turned out as not needed. But the thinking at that time could be of help for me (and others) to plan for retirement, i.e., should we work for a few more years to mitigate the ...
by JoeRetire
Sat Sep 19, 2020 4:09 pm
Forum: Personal Finance (Not Investing)
Topic: Elder abuse? Elderly woman sold home for far less than market value
Replies: 50
Views: 4787

Re: Elder abuse? Elderly woman sold home for far less than market value

It can be more complicated than that. I am expecting a mess with MIL's estate. She's 85, clearly has memory and anger issues and is in the middle of revising her will. She's always been mean and vindictive but it seems to be getting worse. She uses her money as a way to manipulate people. Her NW is...
by JoeRetire
Sat Sep 19, 2020 4:05 pm
Forum: Personal Investments
Topic: Gifting children from a traditional IRA
Replies: 5
Views: 459

Re: Gifting children from a traditional IRA

Bigfish wrote: Sat Sep 19, 2020 3:57 pmcan I give my step children money on an annual basis, from my traditional IRA without paying taxes on the withdrawal?
No. IRAs don't work that way. All withdrawals are income to you, taxed at your current income tax rate.
by JoeRetire
Sat Sep 19, 2020 6:57 am
Forum: Personal Consumer Issues
Topic: Pretending to enjoy sports for business/social reasons
Replies: 83
Views: 4709

Re: Pretending to enjoy sports for business/social reasons

Nummerkins wrote: Fri Sep 18, 2020 4:34 pmSometimes it shuts down a conversation hard but I really don't care. I'm not going to waste time on something I don't like.
How sad if everyone in a group thinks that way.
by JoeRetire
Sat Sep 19, 2020 6:47 am
Forum: Personal Investments
Topic: Extra $180/Month after Refinance. Where does it go?
Replies: 16
Views: 1935

Re: Extra $180/Month after Refinance. Where does it go?

Just refinanced for a 30 year at 3% leaving me an extra $180 per month from previous 30 year at 3.875% with 26 years left. Loan is for $196,000. So I currently max work retirement plan, and my Roth IRA and wife's Trad IRA each year. Save another $500 per month that I'm putting into online savings w...
by JoeRetire
Sat Sep 19, 2020 6:43 am
Forum: Personal Finance (Not Investing)
Topic: Reason not to rent out your old house?
Replies: 58
Views: 4520

Re: Reason not to rent out your old house?

justsomeguy2018 wrote: Fri Sep 18, 2020 9:54 pm If you buy a new house and you can rent out your old house for more than your monthly mortgage payment (+taxes/insurance), is there a reason WHY you shouldn't do that?
The reason for me is that I wouldn't want to be a landlord. I don't need the headaches.
by JoeRetire
Sat Sep 19, 2020 6:37 am
Forum: Personal Finance (Not Investing)
Topic: Elder abuse? Elderly woman sold home for far less than market value
Replies: 50
Views: 4787

Re: Elder abuse? Elderly woman sold home for far less than market value

GT99 wrote: Fri Sep 18, 2020 2:45 pm I think its pretty clear there's not enough information provided to say. If the buyer did nothing to coerce the seller into the lower price, what law is broken?
No law is broken.
But its certainly worth having it investigated.
Investigated by whom? And how?
by JoeRetire
Sat Sep 19, 2020 6:36 am
Forum: Personal Finance (Not Investing)
Topic: Elder abuse? Elderly woman sold home for far less than market value
Replies: 50
Views: 4787

Re: Elder abuse? Elderly woman sold home for far less than market value

Her friend paid only 40% of the house's market value( unless there has been extensive repairs and remodel by the buyer). I would say that unless other circumstances were involved, that the "friend" took advantage of the 90-year-old. And you/we have absolutely no clue what other circumstances might ...
by JoeRetire
Sat Sep 19, 2020 6:33 am
Forum: Investing - Theory, News & General
Topic: Chris Hogan's Facebook Group restrictions
Replies: 52
Views: 3221

Re: Chris Hogan's Facebook Group restrictions

RobLyons wrote: Sat Sep 19, 2020 5:50 amSo I guess what I'm wondering if anyone has seen this type of censorship anywhere else online in the finance or other sectors? Thanks!
That's pretty typical of Facebook Groups. The Admin and Moderators can do anything they choose to guide the conversations.
by JoeRetire
Fri Sep 18, 2020 4:12 pm
Forum: Personal Consumer Issues
Topic: Pretending to enjoy sports for business/social reasons
Replies: 83
Views: 4709

Re: Pretending to enjoy sports for business/social reasons

coalcracker wrote: Fri Sep 18, 2020 4:10 pmSoft skills matter but not everyone has them, and not everyone needs them.
I guess we'll have to agree to disagree about everyone needing them.
by JoeRetire
Fri Sep 18, 2020 4:11 pm
Forum: Personal Consumer Issues
Topic: Pretending to enjoy sports for business/social reasons
Replies: 83
Views: 4709

Re: Pretending to enjoy sports for business/social reasons

It will be fun to see where casual/business conversations go with the purported interests of Millenials and Gen Z. I'm at the trail end of Gen X I think (age 41), and most guys my age seem to default to sports when the conversations lags. Seems like we're in for a lot of awkward silences over the n...
by JoeRetire
Fri Sep 18, 2020 4:06 pm
Forum: Personal Consumer Issues
Topic: Pretending to enjoy sports for business/social reasons
Replies: 83
Views: 4709

Re: Pretending to enjoy sports for business/social reasons

Wondering how many men (or women) out there are closet sports-haters but put up a good front at the office :D ? I'm not a sports hater, but when I was working I made sure to keep up with the sports and the teams that interested employees who worked for me or who were coworkers and friends - even wh...
by JoeRetire
Fri Sep 18, 2020 4:04 pm
Forum: Personal Investments
Topic: Halfway to retirement (41), financial goals set, how to improve our prospects for success?
Replies: 20
Views: 3446

Re: Halfway to retirement (41), financial goals set, how to improve our prospects for success?

Hi JoeRetire, 1. Four months of emergency savings is not yet at our goal of six months, so your point makes sense. However, that will be impacted by the projected car purchase next year (assuming near 0% financing isn't available). Emergency savings should not be impacted by the purchase of a car, ...
by JoeRetire
Fri Sep 18, 2020 3:58 pm
Forum: Personal Finance (Not Investing)
Topic: Life Insurance
Replies: 7
Views: 465

Re: Life Insurance

Mastied wrote: Fri Sep 18, 2020 8:34 amRight now, if something was to happen to her, I would lost her monthly income of $1400.

Any feedback would be very helpful.
Are you dependent on this $1400/month? If she were gone, would the loss of this income be a severe hardship, financially?

If not, don't purchase insurance on her.
by JoeRetire
Fri Sep 18, 2020 2:06 pm
Forum: Personal Investments
Topic: Halfway to retirement (41), financial goals set, how to improve our prospects for success?
Replies: 20
Views: 3446

Re: Halfway to retirement (41), financial goals set, how to improve our prospects for success?

What else are we missing? Is four months of emergency funds enough? (That might depend on your employment situations, and what would happen if one or both of you become unemployed) Do you have Long Term Care Insurance? [/b]Given the a) kids ages, b) COVID pushing us to consider a larger house since...
by JoeRetire
Fri Sep 18, 2020 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: Elder abuse? Elderly woman sold home for far less than market value
Replies: 50
Views: 4787

Re: Elder abuse? Elderly woman sold home for far less than market value

Sometimes things get very ugly after a passing, and people get salty that they didn’t “their fair share”. Makes me sick. This is the reason to make sure that you have your final wishes clearly spelled out in legal documents by your lawyers. As mine told me, in some families, everybody is suing ever...
by JoeRetire
Fri Sep 18, 2020 1:50 pm
Forum: Personal Finance (Not Investing)
Topic: Elder abuse? Elderly woman sold home for far less than market value
Replies: 50
Views: 4787

Re: Elder abuse? Elderly woman sold home for far less than market value

Out of the blue, in front of the stunned employees, she offered to sell my friend the car for $800. The car was worth $15,000. So your friend purchased a $15,000 car for $800 without mentioning that it was worth far more? Not very nice... The woman knew exactly how much the car was worth. That wasn...
by JoeRetire
Fri Sep 18, 2020 1:46 pm
Forum: Personal Consumer Issues
Topic: Pretending to enjoy sports for business/social reasons
Replies: 83
Views: 4709

Re: Pretending to enjoy sports for business/social reasons

Wondering how many men (or women) out there are closet sports-haters but put up a good front at the office :D ? I'm not a sports hater, but when I was working I made sure to keep up with the sports and the teams that interested employees who worked for me or who were coworkers and friends - even wh...
by JoeRetire
Fri Sep 18, 2020 1:42 pm
Forum: Personal Finance (Not Investing)
Topic: Paid off home in MA - what else do I need to do?
Replies: 6
Views: 983

Re: Paid off home in MA - what else do I need to do?

My question to the wiser folks in this forum: is there anything else that we need to do in order to record this properly or ensure that we do not run into any issues in the future? Nope, you've done what you needed to do. Just check to make sure you actually receive the bill once tax bills are issu...
by JoeRetire
Fri Sep 18, 2020 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: Elder abuse? Elderly woman sold home for far less than market value
Replies: 50
Views: 4787

Re: Elder abuse? Elderly woman sold home for far less than market value

I am also surprised at the number of responses that suggest this is a valid transaction. I have some experience of this in my family - an elderly relative took up with a younger woman in his old age, left her the house, and - so I heard - she gave the house to her daughters who sold it for money fo...
by JoeRetire
Fri Sep 18, 2020 1:29 pm
Forum: Personal Finance (Not Investing)
Topic: Elder abuse? Elderly woman sold home for far less than market value
Replies: 50
Views: 4787

Re: Elder abuse? Elderly woman sold home for far less than market value

I am also surprised at the number of responses that suggest this is a valid transaction. I have some experience of this in my family - an elderly relative took up with a younger woman in his old age, left her the house, and - so I heard - she gave the house to her daughters who sold it for money fo...
by JoeRetire
Fri Sep 18, 2020 1:24 pm
Forum: Personal Finance (Not Investing)
Topic: Elder abuse? Elderly woman sold home for far less than market value
Replies: 50
Views: 4787

Re: Elder abuse? Elderly woman sold home for far less than market value

Out of the blue, in front of the stunned employees, she offered to sell my friend the car for $800. The car was worth $15,000. So your friend purchased a $15,000 car for $800 without mentioning that it was worth far more? Not very nice... Criminal, in my view. What crime are you imagining here?
by JoeRetire
Fri Sep 18, 2020 1:21 pm
Forum: Personal Finance (Not Investing)
Topic: Doctor disclosure and consent
Replies: 48
Views: 3295

Re: Doctor disclosure and consent

Other than finding a new dermatologist, any suggestions (beyond don't sign anything without reading it carefully and don't sign consents after the relevant procedure)? How about: pay the bill and move on with your life. Then, work with your insurance company to make sure they know that your doctor ...
by JoeRetire
Fri Sep 18, 2020 12:08 pm
Forum: Personal Finance (Not Investing)
Topic: Elder abuse? Elderly woman sold home for far less than market value
Replies: 50
Views: 4787

Re: Elder abuse? Elderly woman sold home for far less than market value

5th_Dimension wrote: Fri Sep 18, 2020 11:21 amOut of the blue, in front of the stunned employees, she offered to sell my friend the car for $800. The car was worth $15,000.
So your friend purchased a $15,000 car for $800 without mentioning that it was worth far more?

Not very nice...
by JoeRetire
Fri Sep 18, 2020 12:04 pm
Forum: Personal Finance (Not Investing)
Topic: Elder abuse? Elderly woman sold home for far less than market value
Replies: 50
Views: 4787

Re: Elder abuse? Elderly woman sold home for far less than market value

An elderly divorced woman sold her house to a "friend" for far less than the market value, and less than the tax assessment. 3 months later, the "friend" is selling the house for over $300,000 more than the "friend" paid for it. The woman's grandchild offered to buy the house for the same price tha...
by JoeRetire
Fri Sep 18, 2020 11:55 am
Forum: Personal Finance (Not Investing)
Topic: Accident Insurance vs continuing to self-insure?
Replies: 8
Views: 666

Re: Accident Insurance vs continuing to self-insure?

Rainmaker41 wrote: Fri Sep 18, 2020 11:38 am Has anyone had experience with accident insurance plans?
Is it free? If not, it's a waste of money.
by JoeRetire
Thu Sep 17, 2020 5:24 pm
Forum: Personal Finance (Not Investing)
Topic: Should I buy my house?
Replies: 9
Views: 1230

Re: Should I buy my house?

Have your in-laws indicated that they would be willing to sell it to you? They have. My wife and I broached the subject a year or so ago when we were tying to get a better grasp on our financial situation. We decided to leave it alone for a while, but we keep coming back to it. My wife tends to thi...
by JoeRetire
Thu Sep 17, 2020 4:07 pm
Forum: Personal Finance (Not Investing)
Topic: Should I buy my house?
Replies: 9
Views: 1230

Re: Should I buy my house?

Have your in-laws indicated that they would be willing to sell it to you?
by JoeRetire
Thu Sep 17, 2020 9:42 am
Forum: Personal Investments
Topic: Investing with goal of early retirement, help?
Replies: 22
Views: 1264

Re: Investing with goal of early retirement, help?

IronDog wrote: Wed Sep 16, 2020 9:00 pmWe are 25. My goal is to retire much earlier than 55
You should retire now. It's just a matter of cutting your expenses down to where you can afford them.

Perhaps you could move to a country with far lower cost of living.
by JoeRetire
Thu Sep 17, 2020 5:56 am
Forum: Personal Consumer Issues
Topic: Grocery store didn't tell me Shingrix was $160
Replies: 197
Views: 12836

Re: Grocery store didn't tell me Shingrix was $160

You didn't ask the cost? You didn't check with your insurance company if the shot would be covered? The new standard reply for my insurance is "it's up to the provider and how they code it." But generally the person providing the service isn't coding, and doesn't even work for the same employer as ...
by JoeRetire
Thu Sep 17, 2020 5:53 am
Forum: Personal Finance (Not Investing)
Topic: Discretionary spending strategy
Replies: 21
Views: 1732

Re: Discretionary spending strategy

What is your fun money strategy (or not if you don’t have/want one)? We don't have a "strategy". We spend what we want, on what we want, when we want to. During our accumulation phase, we were always careful and always planning. Now in retirement, we don't have to worry. Our needs are covered for t...
by JoeRetire
Wed Sep 16, 2020 6:43 pm
Forum: Personal Consumer Issues
Topic: Grocery store didn't tell me Shingrix was $160
Replies: 197
Views: 12836

Re: Grocery store didn't tell me Shingrix was $160

Just wanted opinions: My hubby needed his second Shingrix shot. His first was at the VA and free. Why didn't you go back to the VA? We went to our local grocery store/pharmacy and they administered the shot (they had a special day where you could get it in your car). We made the appointment a coupl...