Search found 1580 matches

by JoeRetire
Sat Oct 20, 2018 5:28 pm
Forum: Investing - Help with Personal Investments
Topic: Am I doing it right?
Replies: 15
Views: 1005

Re: Am I doing it right?

Do you have an HSA available to you? That would be a good place to put some money.
by JoeRetire
Sat Oct 20, 2018 3:49 pm
Forum: Personal Consumer Issues
Topic: Pull kids from school for vacations?
Replies: 122
Views: 4353

Re: Pull kids from school for vacations?

I'm curious how others feel about this. Did you pull your kids from school to go on amazing family vacations or was school too important and you planned all trips around the school schedule? Our message to our sons was always that learning was important, and that school was their #1 job. We wanted ...
by JoeRetire
Fri Oct 19, 2018 12:47 pm
Forum: Investing - Theory, News & General
Topic: So...what’s Plan B [for your retirement security]?
Replies: 20
Views: 2197

Re: So...what’s Plan B [for your retirement security]?

What if you realize your plan is obviously failing? Then I reassess and come up with another plan. Without now knowing the reason why my fully-thought-out current plan is obviously failing, then I obviously can't come up with an alternative yet. Any viable alternative will have to overcome the fail...
by JoeRetire
Thu Oct 18, 2018 12:36 pm
Forum: Personal Consumer Issues
Topic: Sister buying house FIL want to give money for downpayment
Replies: 10
Views: 1608

Re: Sister buying house FIL want to give money for downpayment

I have heard a mortgage company requiring a statement that the funds are strictly a gift where the purpose is to be used for the purchase of the home. My guess is that some people might put money in their account temporarily to give the impression of larger savings. Then when the transaction goes t...
by JoeRetire
Wed Oct 17, 2018 6:37 pm
Forum: Personal Consumer Issues
Topic: your favorite ereader?
Replies: 28
Views: 1240

Re: your favorite ereader?

You might compare the Kindle Voyage to the Paperwhite before you decide. Voyage is no longer being sold. On the other hand, Amazon just released a new generation of Paperwhite. Waterproof now. https://www.amazon.com/gp/product/B07CXG6C9W Almost makes me wish my Kindle Keyboard would kick the bucket.
by JoeRetire
Wed Oct 17, 2018 5:10 pm
Forum: Personal Finance (Not Investing)
Topic: Paying off the mortgage early - Isn't this the opposite of "putting more money into your house"?
Replies: 82
Views: 6507

Re: Paying off the mortgage early - Isn't this the opposite of "putting more money into your house"?

This seems pretty important to me. Does anyone here regret paying off their mortgage early? I don't know anyone who admits to regretting having paid off their mortgage early. And I don't know anyone who admits to regretting not having paid off their mortgage early. I think that says something about...
by JoeRetire
Wed Oct 17, 2018 5:05 pm
Forum: Personal Finance (Not Investing)
Topic: Paying off the mortgage early - Isn't this the opposite of "putting more money into your house"?
Replies: 82
Views: 6507

Re: Paying off the mortgage early - Isn't this the opposite of "putting more money into your house"?

The big difference though is that if you put the money into the house and the house loses value, you lose no utility whereas if your investments drop you've lost the utility of that money. Not claiming it is financially the long term best move, but it does lock in 1 aspect of life. If you put the m...
by JoeRetire
Wed Oct 17, 2018 5:00 pm
Forum: Personal Finance (Not Investing)
Topic: Long-term Care Insurance
Replies: 102
Views: 4531

Re: Long-term Care Insurance

pintail07 wrote:
Wed Oct 17, 2018 4:36 pm
It is really confusing to me as to why someone would want to plan on having to use Medicaid facilities versus private pay facilities. I want more options not less options.
Because the goal is preserving assets by making the patient poor, not having lots of choices of facilities.
by JoeRetire
Wed Oct 17, 2018 11:54 am
Forum: Investing - Help with Personal Investments
Topic: Help my dad is nearing retirement
Replies: 9
Views: 1047

Re: Help my dad is nearing retirement

Hi my dad is nearing retirement. He is planning to work until 70. He has a taxable account in Vanguard that he expects to turn into an immediate annuity. Its 100k so he wants to do the 3% cola rider and get about $475-500 a month. He will be making $1025 a month from social security starting at age...
by JoeRetire
Mon Oct 15, 2018 11:31 am
Forum: Personal Finance (Not Investing)
Topic: Social Security [impact of earnings on benefits]
Replies: 29
Views: 2751

Re: social security

Will I be able to earn more than 17000 when I reach full retirement at 66.5 ? Assuming that 66.5 is your FRA, then the answer is Yes. Once you reach your full retirement age there is no penalty for earned income. Is that 17000 only earned income ? I get interest and dividents off my investments Yes...
by JoeRetire
Mon Oct 15, 2018 10:29 am
Forum: Personal Finance (Not Investing)
Topic: Girlfriend lost job, getting a lump sum severance... What should we do next
Replies: 36
Views: 3046

Re: Girlfriend lost job, getting a lump sum severance... What should we do next

runner540 wrote:
Mon Oct 15, 2018 10:26 am
Maybe you should move the wedding up, so she can go on your health insurance...
It may not be necessary that they need to be married to get on his insurance. Check with HR.
by JoeRetire
Mon Oct 15, 2018 10:25 am
Forum: Personal Finance (Not Investing)
Topic: Girlfriend lost job, getting a lump sum severance... What should we do next
Replies: 36
Views: 3046

Re: Girlfriend lost job, getting a lump sum severance... What should we do next

They are giving her a lumpsum of 30k severance, which is pretty good to be honest. Very nice! We agreed that we should keep the weeding cost around 40-45k.. Whatever, that means. Uhm, <cough> $45,000 ? Yikes! :shock: 1. Health insurance? How expensive can Cobra be? She will be given details on COBR...
by JoeRetire
Mon Oct 15, 2018 10:16 am
Forum: Personal Finance (Not Investing)
Topic: Long-term Care Insurance
Replies: 102
Views: 4531

Re: Long-term Care Insurance

From experience with relatives, the main problem we experienced with LTCI is the rates are not level. The issuers raise the rates dramatically to the point where the insured are tempted to cancel. You think you are buying a policy for X/year, but then it turns out to be 3X/year (or whatever). For s...
by JoeRetire
Sun Oct 14, 2018 6:19 pm
Forum: Personal Finance (Not Investing)
Topic: Long-term Care Insurance
Replies: 102
Views: 4531

Re: Long-term Care Insurance

The more I read about long-term care insurance, the more I think it is probably a good thing to have. My wife and I have one child and I just don't want to put the onus on him to care for us if/when that becomes necessary and I don't want him or us in an awkward position of having to spend his inhe...
by JoeRetire
Sun Oct 14, 2018 6:58 am
Forum: Personal Consumer Issues
Topic: Need new email address. Gmail or ???
Replies: 70
Views: 5080

Re: Need new email address. Gmail or ???

Planning to move to a location where my current ISP (Charter) is not available. Thinking of getting a gmail account. But just saw a post by linenfort on another thread about their gmail not always getting received. Do others have that experience? So, is gmail good to use? Many of my friends have it...
by JoeRetire
Fri Oct 12, 2018 9:57 am
Forum: Personal Consumer Issues
Topic: your favorite ereader?
Replies: 28
Views: 1240

Re: your favorite ereader?

I have had a Kindle Keyboard for over 8 years now. This Kindle is so rugged that it may never die. When it does, I'll likely purchase a Kindle Paperwhite like the one I got for my wife. I never thought I'd like an ereader. I've always loved reading and liked books in general. But I haven't purchased...
by JoeRetire
Thu Oct 11, 2018 11:53 am
Forum: Personal Finance (Not Investing)
Topic: Lump sum instead of pension
Replies: 23
Views: 1193

Re: Lump sum instead of pension - a no brainer?

Here is what my former employer offers: each month $450 payable at age 65, or take lump sum around $25,000 now. All the comparisons are based on the dollar value when I am 65-yr-old, 25 years from now. Value of pension : Assume annual inflation rate is 3% after I am 65. Then * Being on pesion for 1...
by JoeRetire
Thu Oct 11, 2018 11:53 am
Forum: Personal Finance (Not Investing)
Topic: Lump sum instead of pension
Replies: 23
Views: 1193

Re: Lump sum instead of pension - a no brainer?

Here is what my former employer offers: each month $450 payable at age 65, or take lump sum around $25,000 now. All the comparisons are based on the dollar value when I am 65-yr-old, 25 years from now. Value of pension : Assume annual inflation rate is 3% after I am 65. Then * Being on pesion for 1...
by JoeRetire
Thu Oct 11, 2018 11:39 am
Forum: Personal Consumer Issues
Topic: My life saved by New subaru. Almost died.
Replies: 62
Views: 7129

Re: My life saved by New subaru. Almost died.

jayk238 wrote:
Thu Oct 11, 2018 11:15 am
Just then those three cars, likely wo my tech, fill that empty road to my right. They all must have swerved their regular braking too having failed. Screeching sounds the entire way. Just awful.
Yikes. Did they all die?
by JoeRetire
Wed Oct 10, 2018 2:25 pm
Forum: Investing - Theory, News & General
Topic: S&P 500 RBD?
Replies: 28
Views: 2063

Re: S&P 500 RBD?

It's just a Day.
by JoeRetire
Wed Oct 10, 2018 1:20 pm
Forum: Personal Finance (Not Investing)
Topic: No increase in LTC Insurance Premiums again this year
Replies: 7
Views: 812

Re: No increase in LTC Insurance Premiums again this year

Sheepdog wrote:
Tue Oct 09, 2018 2:11 pm
My wife's (age 78) Genworth LTC policy (from 1999) did not have a premium increase this year or last. (They would not issue me one back then.)
Why wouldn't they issue a policy for you?
by JoeRetire
Wed Oct 10, 2018 7:02 am
Forum: Investing - Help with Personal Investments
Topic: Annuities
Replies: 12
Views: 1021

Re: Annuities

edvest wrote:
Wed Oct 10, 2018 6:56 am
After an hour of promises of super high rates, his notes scribbled all over a paper and a handful of papers I left excited but confused.
Did you understand the product he was trying to sell you?

I never purchase products I don't understand.
by JoeRetire
Tue Oct 09, 2018 6:17 pm
Forum: Investing - Theory, News & General
Topic: Argument for taking social security before 70. Comments?
Replies: 134
Views: 10184

Re: Argument for taking social security before 70. Comments?

MathMann wrote:
Tue Oct 09, 2018 5:47 pm
For me for the probability go living past 85 is low (<45%).
You consider around 45% low?
Wow.
by JoeRetire
Tue Oct 09, 2018 5:41 pm
Forum: Investing - Help with Personal Investments
Topic: Calculating amount needed for SS bridge
Replies: 50
Views: 2926

Re: Calculating amount needed for SS bridge

I am planning to bridge SS from 55 to 70. My SS @ 70 will be $54,000 in 2018 dollars. In my spreadsheet right now, I simply multiply $54,000 x 15 years to get my bridge amount of $810,000. I don't think I understand the point. You cannot collect $54,000 at age 55 (or 62 or 67). Is that the amount o...
by JoeRetire
Tue Oct 09, 2018 5:34 pm
Forum: Investing - Help with Personal Investments
Topic: Calculating amount needed for SS bridge
Replies: 50
Views: 2926

Re: Calculating amount needed for SS bridge

I am planning to bridge SS from 55 to 70. My SS @ 70 will be $54,000 in 2018 dollars. In my spreadsheet right now, I simply multiply $54,000 x 15 years to get my bridge amount of $810,000. I don't think I understand the point. You cannot collect $54,000 at age 55 (or 62 or 67). Is that the amount o...
by JoeRetire
Tue Oct 09, 2018 5:23 pm
Forum: Investing - Theory, News & General
Topic: Argument for taking social security before 70. Comments?
Replies: 134
Views: 10184

Re: Argument for taking social security before 70. Comments?

Money now is always better than money later. Of course, as long as the amounts are the same. But the relevant question is how much less money now is better than how much more money later? No brainier. I'd take them at age 40 if I could. Interesting. What percentage of a lifetime cut would you be wi...
by JoeRetire
Tue Oct 09, 2018 2:20 pm
Forum: Investing - Help with Personal Investments
Topic: Ready to down shift?
Replies: 10
Views: 1827

Re: Ready to down shift?

Looking for feedback on our portfolio and if I am ready to downshift career wise. I am 50 years old and my wife is 51. Between the two of us we currently average around $350k per year in income. Emergency funds: $520k in brokerage account; $12k in checking Why so much in emergency funds? Your expen...
by JoeRetire
Tue Oct 09, 2018 2:07 pm
Forum: Personal Finance (Not Investing)
Topic: No increase in LTC Insurance Premiums again this year
Replies: 7
Views: 812

No increase in LTC Insurance Premiums again this year

We purchased Long Term Care Insurance 4 years ago when we were both 59. We just received our annual premiums notice. Once again there has been no increase in premiums, but the coverage has increased by the 3% dictated by the policy. Are we just lucky? Or have others been seeing stable premiums as we...
by JoeRetire
Tue Oct 09, 2018 2:02 pm
Forum: Personal Finance (Not Investing)
Topic: What is your annual cost for health insurance?
Replies: 137
Views: 9590

Re: What is your annual cost for health insurance?

$3200/year
2 people

It's a terrific ACA plan. Low deductible. Wide coverage. Small co-pay.

We are very pleased. Particularly since I got a cancer diagnosis last November. I'd hate to have to pay a significant portion of those treatment costs. Yikes!
by JoeRetire
Tue Oct 09, 2018 10:11 am
Forum: Investing - Help with Personal Investments
Topic: Mortgage lump sum question - What would you do?
Replies: 23
Views: 2496

Re: Mortgage lump sum question - What would you do?

If you really, seriously want to pay off the mortgage (I think it is a bad idea) you could contact the bank and ask what kind of discount they would give you for an immediate payment in full. I suspect you could pay off the mortgage at 90 cents on the dollar, maybe less. Why would the bank give you...
by JoeRetire
Tue Oct 09, 2018 10:08 am
Forum: Investing - Theory, News & General
Topic: Argument for taking social security before 70. Comments?
Replies: 134
Views: 10184

Re: Argument for taking social security before 70. Comments?

MathMann wrote:
Tue Oct 09, 2018 10:04 am
The probability of living much past your mid-80s is low in spite of what media and other pundits say.
What do you believe is the probability of living past your mid-80s?
What do you feel the media and other pundits say?
by JoeRetire
Mon Oct 08, 2018 4:50 pm
Forum: Investing - Help with Personal Investments
Topic: Investment advice for a friend in her nineties
Replies: 22
Views: 1849

Re: Investment advice for a friend in her nineties

But she says that she wants a greater return than CD’s currently provide. Did she say why? There's a huge difference if the reason is "I'm worried about running out of money" versus "I have plenty of money. I want to invest it to increase my legacy." You might wish to help her find a fee-only fiduc...
by JoeRetire
Mon Oct 08, 2018 4:43 pm
Forum: Investing - Theory, News & General
Topic: Market decline in 2019 ?
Replies: 73
Views: 6473

Re: Market decline in 2019 ?

Most people believe we are in a bubble and will see a big market decline (anywhere from 20-50%) soon. Most? Soon? A lot of "experts" believe this could be in 2019. Most people on this forum probably also believe a significant market decline will probably come eventually. We could say "A lot of expe...
by JoeRetire
Mon Oct 08, 2018 4:31 pm
Forum: Personal Finance (Not Investing)
Topic: Can we safely retire early?
Replies: 18
Views: 3289

Re: Can we safely retire early?

I'd appreciate some perspectives on whether we might be approaching a "safe" early retirement age in our mid-40s. Excluding our current mortgage payment, which we could payoff now if we wished, we spend around $85K annually. We have kids in the household, so that could drop after they are out on th...
by JoeRetire
Mon Oct 08, 2018 4:15 pm
Forum: Investing - Theory, News & General
Topic: 7 Investing Truths That Aren't
Replies: 53
Views: 5864

Re: 7 Investing Truths That Aren't

"Make sure you can explain your investing strategy to any 8-year-old. " That makes absolutely no sense. The article sounds like it was written by an 8 year old. I try to explain simple investing to adults that don't get it. Well the rest of the article was okay. And the author is a good guy who has...
by JoeRetire
Mon Oct 08, 2018 4:14 pm
Forum: Investing - Theory, News & General
Topic: What tools do you use to track your finances?
Replies: 50
Views: 3750

Re: What tools do you use to track your finances?

spreadsheetguy wrote:
Mon Oct 08, 2018 12:56 pm
My first post :!: I'm curious about the tools people use to manage and track your :moneybag.
Google Sheets
by JoeRetire
Mon Oct 08, 2018 6:47 am
Forum: Personal Finance (Not Investing)
Topic: Can you give "spousal" health insurance to a non-spouse?
Replies: 31
Views: 1541

Re: Can you give "spousal" health insurance to a non-spouse?

I find it rather discriminating the health insurance allows you to extend your coverage to family and spouse, but not a friend in need. Is there anyway you can extend health insurance to cover a friend (not related by blood, adoption or spouse)? How many friends in need should be permitted into you...
by JoeRetire
Sun Oct 07, 2018 4:52 pm
Forum: Investing - Help with Personal Investments
Topic: Short term investing
Replies: 7
Views: 589

Re: Short term investing

ooo wrote:
Sun Oct 07, 2018 3:26 pm
I have about $130k sitting in a 1.85% APY savings account. I plan on using this towards a downpayment in ~1 year. My tolerance for risk is high--I can withstand losing a large portion of that money (and delaying the purchase).
Why was it sitting in a savings account?
by JoeRetire
Sun Oct 07, 2018 1:50 pm
Forum: Investing - Help with Personal Investments
Topic: Mortgage lump sum question - What would you do?
Replies: 23
Views: 2496

Re: Mortgage lump sum question - What would you do?

If you really, seriously want to pay off the mortgage (I think it is a bad idea) you could contact the bank and ask what kind of discount they would give you for an immediate payment in full. I suspect you could pay off the mortgage at 90 cents on the dollar, maybe less. Why would the bank give you...
by JoeRetire
Sun Oct 07, 2018 7:35 am
Forum: Investing - Help with Personal Investments
Topic: Mortgage lump sum question - What would you do?
Replies: 23
Views: 2496

Re: Mortgage lump sum question - What would you do?

If you really, seriously want to pay off the mortgage (I think it is a bad idea) you could contact the bank and ask what kind of discount they would give you for an immediate payment in full. I suspect you could pay off the mortgage at 90 cents on the dollar, maybe less. Why would the bank give you...
by JoeRetire
Sat Oct 06, 2018 6:56 pm
Forum: Investing - Help with Personal Investments
Topic: Mortgage lump sum question - What would you do?
Replies: 23
Views: 2496

Re: Mortgage lump sum question - What would you do?

What would be your advice in this situation in regards to a mortgage pay down of $135k? Good idea? Bad idea? Bad idea to pay off such a cheap mortgage. The idea is to have mortgage done before Kid 1 gets to college age. Why? Are you losing a lot of sleep thinking about your mortgage payment these d...
by JoeRetire
Sat Oct 06, 2018 5:24 pm
Forum: Investing - Theory, News & General
Topic: 7 Investing Truths That Aren't
Replies: 53
Views: 5864

Re: Investment strategy for seven-year-old

Rowan Oak wrote:
Sat Oct 06, 2018 12:14 pm
Taylor Larimore, Bill Bernstein, Jane Bryant Quinn and Allan Roth agree. That's way more than enough for me!
Sure.

Everything I need to know I learned in kindergarten and all...

Fun to say. Nothing any adult would actually follow.
by JoeRetire
Sat Oct 06, 2018 5:14 pm
Forum: Personal Finance (Not Investing)
Topic: A strategy to pay off home at retirement?
Replies: 57
Views: 4182

Re: A strategy to pay off home at retirement?

Should I take the $150k strategically from portfolio and pay off the mortgage at retirement? No. Keep the $150k in your portfolio rather than putting it in the walls of your house. Unless for some reason this inexpensive mortgage has been keeping you awake at night. In that case put the money into ...
by JoeRetire
Sat Oct 06, 2018 7:43 am
Forum: Investing - Theory, News & General
Topic: 7 Investing Truths That Aren't
Replies: 53
Views: 5864

Re: "How a Second Grader Beat's Wall Street"

Make sure you can explain your investing strategy to any 8-year-old. That makes absolutely no sense. JoeRetire: I believe I could explain the simple Three-Fund Portfolio to most 8-eight-year old's. This is what Allan Roth did with his 8-year-old son. Allan wrote a wonderful book about The Three-Fun...
by JoeRetire
Sat Oct 06, 2018 7:25 am
Forum: Investing - Theory, News & General
Topic: Flattening yield curve
Replies: 55
Views: 4809

Re: Flattening yield curve

Something that causes a recession could also cause a flattening yield curve or yield curve inversion. That is why I asked you to provide your hypothesis for what this mysterious something is :P. The Recession Fairy? Something else? There seem to be other valid hypotheses that were presented earlier...
by JoeRetire
Fri Oct 05, 2018 6:37 pm
Forum: Investing - Theory, News & General
Topic: Flattening yield curve
Replies: 55
Views: 4809

Re: Flattening yield curve

A flattening curve has also preceded all of the last 7 US recessions. And it would be hard for it to be an effect, if it preceded a recession. Both the inversion as well as the recession could easily be effects at the same time. Just not effects of each other. (1) A flattening curve happens without...
by JoeRetire
Fri Oct 05, 2018 6:25 pm
Forum: Investing - Theory, News & General
Topic: 7 Investing Truths That Aren't
Replies: 53
Views: 5864

Re: 7 Investing Truths That Aren't

"Make sure you can explain your investing strategy to any 8-year-old. "

That makes absolutely no sense.
by JoeRetire
Thu Oct 04, 2018 6:53 pm
Forum: Investing - Theory, News & General
Topic: Flattening yield curve
Replies: 55
Views: 4809

Re: Flattening yield curve

Historically, a flattening curve doesn't mean anything, but an inverted one has preceded all 7 US recessions . A flattening curve has also preceded all of the last 7 US recessions. And it would be hard for it to be an effect, if it preceded a recession. Both the inversion as well as the recession c...
by JoeRetire
Thu Oct 04, 2018 3:07 pm
Forum: Investing - Theory, News & General
Topic: Flattening yield curve
Replies: 55
Views: 4809

Re: FLATTENING YIELD CURVE

I guess I'll read the cart for you. Thanks. The questions were more for the OP, but thanks anyway. It has been flattening since late 2015. Yup, flattening. For years. If I knew when a recession was coming, I wouldn't need to be on this forum. I just wanted to contribute to the low level noise that ...