Search found 2405 matches

by JoeRetire
Mon Jun 17, 2019 1:06 pm
Forum: Personal Finance (Not Investing)
Topic: Selling Home - When to Reduce Price?
Replies: 27
Views: 1897

Re: Selling Home - When to Reduce Price?

Yes, professional photos were taken. If I was not starting my new job next week, I would sell the house myself and drop the price. The realtor commission eats about $25k of profit. Unfortunately, I know some folks who held on to homes for a long time, hoping to eek out some "profit". They ended up ...
by JoeRetire
Mon Jun 17, 2019 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: Should we retire in 4 years?
Replies: 31
Views: 3642

Re: Should we retire in 4 years?

yes, SS should be about $40k between wife and I at full retirement age of 67. I guess the bottom line is that we are getting burnt out and we want to get out before we physically wear out. We have never been able to travel except for Winter months, would love the freedom to go places at any time. I...
by JoeRetire
Mon Jun 17, 2019 7:53 am
Forum: Personal Finance (Not Investing)
Topic: Selling Home - When to Reduce Price?
Replies: 27
Views: 1897

Re: Selling Home - When to Reduce Price?

Broadway2018 wrote:
Mon Jun 17, 2019 7:39 am
My house has been on the market for 23 days with no showings.
Is your house posted using professional pictures? Was it staged?
How do the words, pictures, and most importantly price, compare to similar houses in your area which have recently sold?

Do you want to post a link to your listing here?
by JoeRetire
Mon Jun 17, 2019 7:48 am
Forum: Personal Finance (Not Investing)
Topic: Selling Home - When to Reduce Price?
Replies: 27
Views: 1897

Re: Selling Home - When to Reduce Price?

We would like to be closed on the house by November so I guess we have some time. Our agent hasn't really said much. We had an open house and 1 couple showed up but was looking for something in the $350k range which is not doable on our house. Other then that no one. He has had calls but no one sho...
by JoeRetire
Mon Jun 17, 2019 7:41 am
Forum: Personal Finance (Not Investing)
Topic: Selling Home - When to Reduce Price?
Replies: 27
Views: 1897

Re: Selling Home - When to Reduce Price?

My house has been on the market for 23 days with no showings. This seems somewhat normal for my area, though. How much should I reduce the price by? How badly/quickly do you want to move? What does your agent say? 23 days is a long time. No showings is a sign that you are overpriced. When we sold o...
by JoeRetire
Mon Jun 17, 2019 7:39 am
Forum: Personal Investments
Topic: Social Security Retirement Age
Replies: 20
Views: 3344

Re: Social Security Retirement Age

Me, I'm not planning on any arbitrary reductions, and I'll be starting my benefits at 70. I'll feel good. And I'll feel better knowing my wife will get the maximum survivor benefit should I predecease her (a likely occurrence). While not planning for arbitrary reductions, presumably you're planning...
by JoeRetire
Mon Jun 17, 2019 7:37 am
Forum: Personal Finance (Not Investing)
Topic: Should we retire in 4 years?
Replies: 31
Views: 3642

Re: Should we retire in 4 years?

yes, SS should be about $40k between wife and I at full retirement age of 67. I guess the bottom line is that we are getting burnt out and we want to get out before we physically wear out. We have never been able to travel except for Winter months, would love the freedom to go places at any time. I...
by JoeRetire
Sat Jun 15, 2019 5:59 am
Forum: Personal Investments
Topic: Social Security Retirement Age
Replies: 20
Views: 3344

Re: Social Security Retirement Age

Me, I'm not planning on any arbitrary reductions, and I'll be starting my benefits at 70. I'll feel good. And I'll feel better knowing my wife will get the maximum survivor benefit should I predecease her (a likely occurrence). While not planning for arbitrary reductions, presumably you're planning...
by JoeRetire
Fri Jun 14, 2019 3:53 pm
Forum: Personal Investments
Topic: Social Security Retirement Age
Replies: 20
Views: 3344

Re: Social Security Retirement Age

I know my ideas on when to take Social Security are not supported by most. When I seriously started my retirement planning 25 years ago I plugged in the payout at 50% of projections - just to cover for some type of future reduction/taxation. Luckily, when I took mine at 62, the payout was still at ...
by JoeRetire
Fri Jun 14, 2019 3:42 pm
Forum: Personal Finance (Not Investing)
Topic: Should I call it quits?
Replies: 23
Views: 4738

Re: Should I call it quits?

If you and your wife can still achieve all of your financial goals while cutting your income so much, then it's just a personal lifestyle decision. Make sure you and your wife are in agreement first, then decide. I was driven to work very hard growing up so I think it's a very valuable lesson, but I...
by JoeRetire
Thu Jun 13, 2019 6:35 am
Forum: Personal Consumer Issues
Topic: Do you repair your own appliances?
Replies: 65
Views: 3269

Re: Do you repair your own appliances?

I replaced the handle on a microwave once. I was shocked how much it cost.
by JoeRetire
Thu Jun 13, 2019 6:34 am
Forum: Personal Investments
Topic: Purchasing home with less than 20% downpayment experiences?
Replies: 52
Views: 3288

Re: Purchasing home with less than 20% downpayment experiences?

TomCat96 wrote:
Wed Jun 12, 2019 6:06 pm
I am considering purchasing a home for less than a 20% downpayment, but I want to know people's thoughts on it before further considering it.
Are you not able to afford 20% ?
by JoeRetire
Thu Jun 13, 2019 6:26 am
Forum: Personal Consumer Issues
Topic: Retired at 35 and have no friends :(
Replies: 113
Views: 10669

Re: Retired at 35 and have no friends :(

Through some good fortune, working hard, and following sound financial advise, such as the advise found here with Bogleheads, I was able to retire ~9 months ago at the age of 35. The problem is that I do not have any peers/friends that are in a similar situation. My social life has always been with...
by JoeRetire
Wed Jun 12, 2019 8:14 pm
Forum: Personal Finance (Not Investing)
Topic: RMD and expected life span
Replies: 30
Views: 2614

Re: RMD and expected life span

J G Bankerton wrote:
Wed Jun 12, 2019 7:33 am
Men get the better deal as we die eight years younger than women.
Eight years?

Not in the US.
by JoeRetire
Wed Jun 12, 2019 6:38 am
Forum: Investing - Theory, News & General
Topic: The impact of Baby Boomers on the Future of U.S. Stocks
Replies: 41
Views: 5183

Re: The impact of Baby Boomers on the Future of U.S. Stocks

JackoC wrote:
Tue Jun 11, 2019 4:49 pm
But my main conclusion I think was clearly stated as, 'who knows?' :happy
'Who knows' is certainly a handy conclusion regarding anything that may or may not happen in the future.
by JoeRetire
Wed Jun 12, 2019 6:36 am
Forum: Personal Consumer Issues
Topic: 15K CAR with comfortable seats and quiet
Replies: 51
Views: 3888

Re: 15K CAR with comfortable seats and quiet

I drive a 2014 Accord Sport. Paid $14k for it. Bought it used with 20k miles. The car you own seems to be the perfect one for your parameters. I definitely wouldn't classify it as loud. I would agree you perhaps have an issue worth checking out before purchasing a new car. It's certainly louder tha...
by JoeRetire
Wed Jun 12, 2019 6:34 am
Forum: Personal Consumer Issues
Topic: Which shaving cream / oil?
Replies: 58
Views: 3463

Re: Which shaving cream / oil?

ThankYouJack wrote:
Tue Jun 11, 2019 8:10 pm
I had a recent post on razors and now I'm looking to compare shaving cream / oil side by side? Would like to go with something medium to higher end - not looking to just use soap :) Any recommendations?
I use whatever shaving cream is cheapest.
by JoeRetire
Tue Jun 11, 2019 2:15 pm
Forum: Personal Investments
Topic: Help needed
Replies: 4
Views: 455

Re: Help needed

I have one million dollars making two percent in a bank account. I would like to invest it in a semi-conservative investment making more. I have eight years to retirement and I do not need to touch the money in that time frame nor do I need to make withdrawals from it when I retire. Any investment ...
by JoeRetire
Tue Jun 11, 2019 1:56 pm
Forum: Personal Finance (Not Investing)
Topic: 1st Time Home Buyer: Advice?
Replies: 6
Views: 509

Re: 1st Time Home Buyer: Advice?

Looking to purchase 1st time home. My current assumption is that a home is not an investment (does not produce cash flow) but rather a shelter whose price “may” rise in the future, is this correct? That is correct. How much home can I purchase safety with below assumptions? Wrong question. Ask your...
by JoeRetire
Tue Jun 11, 2019 1:26 pm
Forum: Personal Consumer Issues
Topic: 15K CAR with comfortable seats and quiet
Replies: 51
Views: 3888

Re: 15K CAR with comfortable seats and quiet

I drive a 2014 Accord Sport. Paid $14k for it. Bought it used with 20k miles. The car you own seems to be the perfect one for your parameters. I definitely wouldn't classify it as loud. I would agree you perhaps have an issue worth checking out before purchasing a new car. It's certainly louder tha...
by JoeRetire
Tue Jun 11, 2019 1:22 pm
Forum: Personal Finance (Not Investing)
Topic: Sudden Debt - best strategy to pay off? (30k total)
Replies: 20
Views: 2042

Re: Sudden Debt - best strategy to pay off? (30k total)

chevy07 wrote:
Tue Jun 11, 2019 9:34 am
She's been paying more than what is owed every month
Yeah, she should stop doing that while she has so much debt.
by JoeRetire
Tue Jun 11, 2019 1:11 pm
Forum: Investing - Theory, News & General
Topic: The impact of Baby Boomers on the Future of U.S. Stocks
Replies: 41
Views: 5183

Re: The day to sell your house

We're all going to try to sell our houses at the same time, too. Yes. The official date is Tuesday, June 12, 2029. Look it up. Oh dear! Does this mean I have to sell on that date? I sold my primary residence a few months ago and moved into our second home. Funny thing is, if I recall correctly, whe...
by JoeRetire
Tue Jun 11, 2019 1:07 pm
Forum: Investing - Theory, News & General
Topic: The impact of Baby Boomers on the Future of U.S. Stocks
Replies: 41
Views: 5183

Re: The impact of Baby Boomers on the Future of U.S. Stocks

But there are some countervailing ones. For example that liquidations of stock by retirees might pick up eventually after not being so high early in their retirement. And, it doesn't necessarily take a large % of holders to sell something to lower the market clearing price substantially. Would you ...
by JoeRetire
Tue Jun 11, 2019 9:33 am
Forum: Investing - Theory, News & General
Topic: The impact of Baby Boomers on the Future of U.S. Stocks
Replies: 41
Views: 5183

Re: The impact of Baby Boomers on the Future of U.S. Stocks

But there are some countervailing ones. For example that liquidations of stock by retirees might pick up eventually after not being so high early in their retirement. And, it doesn't necessarily take a large % of holders to sell something to lower the market clearing price substantially. Would you ...
by JoeRetire
Tue Jun 11, 2019 9:24 am
Forum: Personal Finance (Not Investing)
Topic: Sudden Debt - best strategy to pay off? (30k total)
Replies: 20
Views: 2042

Re: Sudden Debt - best strategy to pay off? (30k total)

Debt: Waterbill: $9300 (0% APR credit card for 16 months) Side note: We're suing the company and should eventually receive $5000-$7500 Vet Bill: $18400 My girlfriend at this point has no liquidity to burn here due to her current debts (5K in credit cards, $700/mo car payment, student loans), but sh...
by JoeRetire
Tue Jun 11, 2019 7:13 am
Forum: Personal Investments
Topic: Monte Carlo Simulation
Replies: 44
Views: 3458

Re: Monte Carlo Simulation

gd wrote:
Tue Jun 11, 2019 6:12 am
Given that financial markets are unlikely to be well-behaved statistical processes, I find MC unconvincing.
The value of a Monte Carlo simulation is not dependent on having a "well-behaved statistical process" as the target.
by JoeRetire
Tue Jun 11, 2019 7:06 am
Forum: Personal Investments
Topic: Monte Carlo Simulation
Replies: 44
Views: 3458

Re: Monte Carlo Simulation

I recognize that a Monte Carlo simulation looks backward, and that can be no guarantee of future results. However, if I have entered in all the correct information regarding my assets and my intended withdrawals, is this a reasonably accurate tool to use for planning. The correctness of any simulat...
by JoeRetire
Tue Jun 11, 2019 7:04 am
Forum: Personal Consumer Issues
Topic: Passport photos cheap
Replies: 50
Views: 2404

Re: Passport photos cheap

Take your own photo.
Have it printed at a local Walmart or Walgreens, etc.
by JoeRetire
Tue Jun 11, 2019 6:14 am
Forum: Personal Consumer Issues
Topic: 15K CAR with comfortable seats and quiet
Replies: 51
Views: 3888

Re: 15K CAR with comfortable seats and quiet

I got rid of the Tesla and went back to my reliable 2014 Honda Accord LX with 95K miles. It's a nice enough car, but it's loud. And I think I might be going deaf driving it... Why did you get rid of the Tesla? Pretty much any car will sound louder. Perhaps you should make sure the muffler is workin...
by JoeRetire
Mon Jun 10, 2019 5:08 pm
Forum: Personal Investments
Topic: Social Security and divorce
Replies: 3
Views: 727

Re: Social Security and divorce

I just turned 62, and my ex-wife to whom I was married for 19 years is 42. According to SSA.gov, I am eligible to receive $2000 a month at age 62. Does this mean I will collect $2000 a month until such time that she turns 62, and then my benefit will be reduced by half? No. Whatever she does or doe...
by JoeRetire
Mon Jun 10, 2019 6:53 am
Forum: Personal Finance (Not Investing)
Topic: Social Security deductions after maxing out Social Security benefit?
Replies: 23
Views: 2267

Re: Social Security deductions after maxing out Social Security benefit?

bada bing wrote:
Sun Jun 09, 2019 9:29 am
In any case, you will get effectively nothing for further enforced "contributions".
Pretty much the same as many taxes.
by JoeRetire
Mon Jun 10, 2019 6:46 am
Forum: Investing - Theory, News & General
Topic: Is it bad to look at debt (student loans) like this?
Replies: 39
Views: 2956

Re: Is it bad to look at debt (student loans) like this?

Scenario A: Salary: 130k Student loan minimum payment: 30k/year Scenario B: Salary 100k (130k-30k) Debt free Assuming continuous employment, is it bad to have the scenario B mindset when scenario A is reality? I wouldn't call it "bad", just fooling yourself that it's fundamentally different. Playin...
by JoeRetire
Mon Jun 10, 2019 6:43 am
Forum: Investing - Theory, News & General
Topic: Motley Fool Social Security Tip(s)
Replies: 6
Views: 1393

Re: Motley Fool Social Security Tip(s)

Motley Fool has been promoting their $99/year subscription to learn about their idea(s) for enhancing social security benefits. Would like to know opinions or advice from the Boglehead community? Thanks My opinion is that Motley Fool articles are barely worth reading in their free form online. Payi...
by JoeRetire
Mon Jun 10, 2019 6:39 am
Forum: Personal Consumer Issues
Topic: Recycling - questions and answers
Replies: 14
Views: 1440

Re: Recycling - questions and answers

My grandparents used to unload a lot of their old stuff on us kids. My dad called it "a junk redistribution scheme." We save some containers, cardboard, etc. in a box. The grandchildren use them to make crafts. My grandson likes to make "robots". We also save hats, inexpensive jewelry, ties, etc. T...
by JoeRetire
Mon Jun 10, 2019 6:36 am
Forum: Personal Consumer Issues
Topic: Recycling - questions and answers
Replies: 14
Views: 1440

Re: Recycling - questions and answers

livesoft wrote:
Sun Jun 09, 2019 1:58 pm
I don't drink coffee, but I think I heard that coffee joints allow one to bring their own non-disposable container.
Our general store where many locals gather to drink coffee and talk offers a reduced "refill price" if you bring your own cup.
by JoeRetire
Sun Jun 09, 2019 5:32 am
Forum: Personal Finance (Not Investing)
Topic: Estimating Inflation in Retirement
Replies: 35
Views: 2536

Re: Estimating Inflation in Retirement

carolinaman wrote:
Sat Jun 08, 2019 7:44 am
It is interesting that so many people ignore inflation in retirement planning yet it is considered one of the biggest risks for retirees.
Planning is hard. It's easier to pretend the future will be like the recent past.
by JoeRetire
Sun Jun 09, 2019 5:20 am
Forum: Personal Consumer Issues
Topic: Eye/face protection for basketball?
Replies: 28
Views: 1526

Re: Eye/face protection for basketball?

My teen kid plays competitive basketball. His face recently got scratched by another player with chipped nails during a game. The scratch was bad but I think I should feel lucky his eyes didn't get hurt. Is there any sort of sports goggles basketball players can wear to protect their eyes? Are ther...
by JoeRetire
Sun Jun 09, 2019 5:13 am
Forum: Personal Investments
Topic: Moving from Rat Race to FIRE, Near All-Time Highs (Best Way to Invest Account Sitting in 100% Cash)
Replies: 35
Views: 5949

Re: Moving from Rat Race to FIRE, Near All-Time Highs (Best Way to Invest Account Sitting in 100% Cash)

I currently have all of my money in cash, and have had it there on and off for the past several years with a day trade here and there. Ideally I would have kept everything invested over the years and kept adding to it monthly or on pullbacks so I wouldn't have such an issue (hindsight is 20/20). I ...
by JoeRetire
Sat Jun 08, 2019 10:31 pm
Forum: Personal Consumer Issues
Topic: Things to do in Maine
Replies: 55
Views: 4074

Re: Things to do in Maine

My favorite restaurant is also in Wells - The Steakhouse on Route 1. it opens at 4ish and there is always a line of people waiting to get in. Go early or wait a long time - really good food. Good steaks. Pricy and very long waits. Probably worth it if you like steak. Ogunquit and York are nice. The...
by JoeRetire
Sat Jun 08, 2019 10:23 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security deductions after maxing out Social Security benefit?
Replies: 23
Views: 2267

Re: Social Security deductions after maxing out Social Security benefit?

I intend to continue to work for a few more years after I reach that milestone. What happens to my Social Security payroll deductions after I've maxed out my benefit? Does my employer know that I am maxed out, and stop deducting? Or do they continue to deduct at the normal rate without having any i...
by JoeRetire
Sat Jun 08, 2019 10:17 pm
Forum: Personal Finance (Not Investing)
Topic: How to dramatically cut down housing cost?
Replies: 19
Views: 2915

Re: How to dramatically cut down housing cost?

What should I do? I'm either okay with moving to a super super cheap places that can be noisy(aka spend as little time in my apt as possible, and spend most time outside in the city library or at work), or another place with absolutely no neighbors making huge thunder noises walking around. My goal...
by JoeRetire
Sat Jun 08, 2019 10:12 pm
Forum: Investing - Theory, News & General
Topic: The impact of Baby Boomers on the Future of U.S. Stocks
Replies: 41
Views: 5183

Re: The impact of Baby Boomers on the Future of U.S. Stocks

(1) If, during retirement, the baby boomers experience another 2000 or 2008, will they, on average, panic sell or stay the course? If the average baby boomer has under saved, and if they panic sell, will they, on average, ever materially participate in the market again? When faced with a meager nes...
by JoeRetire
Fri Jun 07, 2019 7:14 pm
Forum: Personal Finance (Not Investing)
Topic: Close to making an offer on a home
Replies: 65
Views: 5216

Re: Close to making an offer on a home

Aside, we keep hearing and even reading here on BH that people offer to pay more than the list price. How does it work - given there will be an appraisal stage after this, would not the bank agree to offer a loan for only $x for the loan whereas $x + 10,000 is what may be needed? Do sellers pay for...
by JoeRetire
Fri Jun 07, 2019 7:00 pm
Forum: Personal Finance (Not Investing)
Topic: mortgage
Replies: 6
Views: 722

Re: mortgage

You don't need a calculator.
Don't pay any points. Minimize all fees as much as possible.
by JoeRetire
Thu Jun 06, 2019 7:55 pm
Forum: Personal Finance (Not Investing)
Topic: Estimating Inflation in Retirement
Replies: 35
Views: 2536

Re: Estimating Inflation in Retirement

Most web sites suggest using 3%.basing it off the average rate since WW2. I think over the last 20 years it is more like 2-2.5%. Most retired folks have no mortgage and slow down there spending as they get older so how do you guys account for this? It seems trying to estimate inflation is akin to e...
by JoeRetire
Thu Jun 06, 2019 7:20 pm
Forum: Personal Investments
Topic: This market just scares me...
Replies: 43
Views: 4157

Re: This market just scares me...

Even if I miss the top, I'd rather hang out for a while to be protected against the bottom... I know this flies in the face of "pick your AA and stick with it", but - the idea of taking any of that cash and investing it in equity right now just FREAKS ME OUT. Clearly your asset allocation isn't wor...
by JoeRetire
Wed Jun 05, 2019 8:49 pm
Forum: Personal Consumer Issues
Topic: Smoke Alarms - Individual Battery Operated vs. Hard-Wired Linked
Replies: 28
Views: 1209

Re: Smoke Alarms - Individual Battery Operated vs. Hard-Wired Linked

I'm not sure how to evaluate his advice. It would be expensive to run wires from basement to first floor and then second floor. Do I need to take his warning seriously, or should I leave things as they are? BH advice would be valued on this question. Check state and town codes. In my locale, it is ...
by JoeRetire
Wed Jun 05, 2019 7:17 pm
Forum: Personal Investments
Topic: Does an Advisors AUM fee also include assets in your 401k that they advise on?
Replies: 24
Views: 2013

Re: Does an Advisors AUM fee also include assets in your 401k that they advise on?

An anecdote does not make a rule. I agree that most likely the adviser is not charging AUM for the 401(k), and it would be outside the norm if they were. However as many other posters said, it wouldn't be impossible and the only way to check is to look through the statements and ask the adviser dir...
by JoeRetire
Wed Jun 05, 2019 6:47 am
Forum: Personal Investments
Topic: Does an Advisors AUM fee also include assets in your 401k that they advise on?
Replies: 24
Views: 2013

Re: Does an Advisors AUM fee also include assets in your 401k that they advise on?

TropikThunder wrote:
Tue Jun 04, 2019 12:56 pm
If he’s advising her on 401k choices, it’s naive to think he’s doing it for free.
My adviser advised me (and my wife and my son) on all of our 401k choices. None of those entered into the AUM.

Perhaps you've never used an adviser.
by JoeRetire
Wed Jun 05, 2019 6:42 am
Forum: Personal Consumer Issues
Topic: Are we downsizing too much?
Replies: 63
Views: 4684

Re: Are we downsizing too much?

We’ve considered homes in the 1700 to 1800 sq foot range, most with 3 bedrooms, which would be ideal.. The last one we saw had 3 small bedrooms and a decent open concept living room and dining room. It had a nice fireplace ( a priority) and the bathrooms were well maintained and neutral ( a clean p...