Search found 1336 matches

by JoeRetire
Sun Aug 19, 2018 3:53 pm
Forum: Personal Finance (Not Investing)
Topic: Paying cash for a house. Good idea?
Replies: 5
Views: 784

Re: Paying cash for a house. Good idea?

65 K in an online saving account - 1.85% 55 K in a 5 year CD which matures in one year - 2.25% 150 K in taxable Vanguard account Intermediate term municipal fund (would have 3K capital loss if I was to sell) 50 K in I bonds (have been contributing for the past 5 years so only 40 K would be availabl...
by JoeRetire
Sun Aug 19, 2018 3:43 pm
Forum: Investing - Help with Personal Investments
Topic: Elderly Relative Short on Money
Replies: 91
Views: 6773

Re: Elderly Relative Short on Money

Again, if you believe the media I guess it does Joeretire. Everyone in MA. makes 11.00 hr. I've asked employees I've known in the last few months w/their wage at both Stop & Shop(It pays less to "disabled'' workers in their PT disabled workers programs too! Just like Walmart does! Yes, less than 7....
by JoeRetire
Sun Aug 19, 2018 3:34 pm
Forum: Investing - Help with Personal Investments
Topic: Elderly Relative Short on Money
Replies: 91
Views: 6773

Re: Elderly Relative Short on Money

Again, if you believe the media I guess it does Joeretire. Everyone in MA. makes 11.00 hr. I've asked employees I've known in the last few months w/their wage at both Stop & Shop(It pays less to "disabled'' workers in their PT disabled workers programs too! Just like Walmart does! Yes, less than 7....
by JoeRetire
Sat Aug 18, 2018 4:19 pm
Forum: Investing - Help with Personal Investments
Topic: Elderly Relative Short on Money
Replies: 91
Views: 6773

Re: Elderly Relative Short on Money

aspirit wrote:
Fri Aug 17, 2018 6:00 pm
Min. wage in Ma. for many national chains (Advanced auto, Stop & Shop cashiers & lot boys, McDonalds, etc. ) follows federal guidelines. 7.25. AFAIK.
Minimum wage is $11.00 /hr in Massachusetts these days. Heading to $15.00 over time.
by JoeRetire
Sat Aug 18, 2018 4:11 pm
Forum: Personal Finance (Not Investing)
Topic: What kind of medical events that may ruin your retirement?
Replies: 64
Views: 3435

Re: What kind of medical events that may ruin your retirement?

flyingaway wrote:
Sat Aug 18, 2018 3:53 pm
The problem is that we plan to travel around the world at least for the first 5 years in our retirement and will spend very little time in the U.S. Having a U.S. based medical insurance seems to be a waste of money.
You plan to be out of the country for 5 straight years?
by JoeRetire
Sat Aug 18, 2018 12:40 pm
Forum: Investing - Help with Personal Investments
Topic: Lump sum or DCA into Roth IRA (invested in target date fund)
Replies: 3
Views: 250

Re: Lump sum or DCA into Roth IRA (invested in target date fund)

To begin, the money that would be used is sitting in a prefered money market account {i.e like 2% yield]. Also, Im asking this question wanting respondents to take into consideration the current level of the markets, economic uncertainty, volatility... etc. The fund is a target date 2050 fund, and ...
by JoeRetire
Sat Aug 18, 2018 12:35 pm
Forum: Personal Finance (Not Investing)
Topic: Is this a good resource for SS or is there something better
Replies: 9
Views: 853

Re: Is this a good resource for SS or is there something better

For someone to learn the intricacies of SS especially with an eye towards timing, spousal benefits etc., is this book a good resource? NY Times was suggesting this one. I am not looking for a detailed review -- but just an overall assessment whether this is the go-to book. Or is there an alternativ...
by JoeRetire
Sat Aug 18, 2018 12:27 pm
Forum: Personal Finance (Not Investing)
Topic: Cash in Investments to pay off mortgage?
Replies: 4
Views: 449

Re: Cash in Investments to pay off mortgage?

I'd like to have a small mortgage as we're expecting a baby and I don't want the expenses to go out of control. Any thoughts? I think having a mortgage and having your expenses go out of control are two completely different things. Once children begin to arrive, liquidity is even more valuable than...
by JoeRetire
Sat Aug 18, 2018 12:25 pm
Forum: Personal Finance (Not Investing)
Topic: Your major and investing/finance?
Replies: 72
Views: 2992

Re: Your major and investing/finance?

acegolfer wrote:
Sat Aug 18, 2018 11:35 am
Specifically, is there a theory in your major that is closely related to BH investing?
No.

No theory from a college major is necessary to be good at personal finances.
by JoeRetire
Fri Aug 17, 2018 2:32 pm
Forum: Investing - Help with Personal Investments
Topic: Helping elderly mother with her finances - 2 issues
Replies: 17
Views: 1628

Re: Helping elderly mother with her finances - 2 issues

At 83, she likely doesn't have to plan for too far down the road unless there is serious longevity in her family. You mentioned her income, but unless I missed it, you haven't mentioned her expenses. You should see if you can nail down ALL of her expenses and compare them to her income. She may not ...
by JoeRetire
Fri Aug 17, 2018 2:20 pm
Forum: Personal Finance (Not Investing)
Topic: Using ACA for early retirement years
Replies: 103
Views: 6435

Re: Using ACA for early retirement years

A wndhen it comes staying healthy, of course you'd want to exercise and eat well. But there's this magical thinking going around that if you take care of yourself, you won't get sick (I'm not making this up). The fact is that there are plenty of people who wake up thinking it's just going to be ano...
by JoeRetire
Fri Aug 17, 2018 2:16 pm
Forum: Personal Finance (Not Investing)
Topic: Using ACA for early retirement years
Replies: 103
Views: 6435

Re: Using ACA for early retirement years

dm200 wrote:
Thu Aug 16, 2018 5:14 pm
Absolutely!! You have one condition/symptoms - see the doctor - he/she runs more tests - finds stuff - and so on.
Yup. Never go to the doctor if you don't want to find out about any health problems you have. Better to remain in the dark about them.

:confused
by JoeRetire
Fri Aug 17, 2018 2:09 pm
Forum: Investing - Help with Personal Investments
Topic: Elderly Relative Short on Money
Replies: 91
Views: 6773

Re: Elderly Relative Short on Money

She spends a lot of time with my 3 children, and is very selfless and helpful with them. I think when her other job goes away, we will start paying her around $500 a month for help with child care. I don't think it makes sense for her to work for minimum wage in an unfulfilling job when she loves s...
by JoeRetire
Fri Aug 17, 2018 2:06 pm
Forum: Investing - Help with Personal Investments
Topic: Elderly Relative Short on Money
Replies: 91
Views: 6773

Re: Elderly Relative Short on Money

The "she should get a job mantra" -- I agree with the sentiment, but getting a job even in your 60s when you have very few skills is not automatic or even easy. There are plenty of minimum wage no-skill job openings in Massachusetts these days. Just a walk down the street should turn up dozens of H...
by JoeRetire
Thu Aug 16, 2018 11:15 am
Forum: Personal Consumer Issues
Topic: Mail order pharmacy
Replies: 45
Views: 1524

Re: Mail order pharmacy

Currently using CVS/Caremark.
Used to use ExpressScripts.

Both have been terrific. No complaints.
by JoeRetire
Thu Aug 16, 2018 11:13 am
Forum: Personal Finance (Not Investing)
Topic: Using ACA for early retirement years
Replies: 103
Views: 6435

Re: Using ACA for early retirement years

Artsdoctor wrote:
Thu Aug 16, 2018 9:53 am
The best answer anyone has come up with is "we're hoping this is going to work itself out over the next few years." Very interesting way to plan retirement.
Your alternative way to plan is... ?
by JoeRetire
Wed Aug 15, 2018 6:33 pm
Forum: Investing - Theory, News & General
Topic: Bullish/bearish on GE? Make your case here - new lows today
Replies: 58
Views: 4305

Re: Bullish/bearish on GE? Make your case here - new lows today

dogagility wrote:
Wed Aug 15, 2018 6:31 pm
JoeRetire wrote:
Wed Aug 15, 2018 6:24 pm
Maybe it doesn't really matter if you know anything at all about a company you want to invest in?
It doesn't! As long as you invest in all of them... :beer
I'm with you there. But that doesn't seem to be the approach the OP is using.
by JoeRetire
Wed Aug 15, 2018 6:30 pm
Forum: Personal Finance (Not Investing)
Topic: Take auto loan 0.9% if I can afford cash?
Replies: 120
Views: 6162

Re: Take auto loan 0.9% if I can afford cash?

Would you take a car loan that you didn’t need? Been there. Done that. I use the t-shirt for cleaning my car windows. I have not prepaid the mortgage because the effective interest rate is close to the risk free rate. Makes sense. However, for whatever reason, probably psychological, I’m reluctant ...
by JoeRetire
Wed Aug 15, 2018 6:24 pm
Forum: Investing - Theory, News & General
Topic: Bullish/bearish on GE? Make your case here - new lows today
Replies: 58
Views: 4305

Re: Bullish/bearish on GE? Make your case here - new lows today

I don't really know anything about the company other than that I buy their light bulbs and they made my oven. They didn't even make your oven. They sold the GE appliance brand name to a holding company years ago. GE has (had) so many business that light bulbs are probably barely even a rounding err...
by JoeRetire
Wed Aug 15, 2018 4:49 pm
Forum: Personal Consumer Issues
Topic: Best consumer products - made in USA
Replies: 62
Views: 3052

Re: Best consumer products - made in USA

Alexa9 wrote:
Tue Aug 14, 2018 9:40 pm
Weber Grills
http://allamericanreviews.com/weber-grills/
Exactly. I don't consider Apple American when it's practically made by Chinese slaves.
Uhm, okay.
by JoeRetire
Wed Aug 15, 2018 3:49 pm
Forum: Investing - Theory, News & General
Topic: Is short-term dollar-cost averaging (e.g. across 1 week) beneficial?
Replies: 21
Views: 1127

Re: Is short-term dollar-cost averaging (e.g. across 1 week) beneficial?

If you are investing for the long term, any potential improvement in 5-day "stability" is worth nothing. Lump sum as soon as I can person here. Mathematically that should always win. Smoothing 5 day fluctuations seems really silly. Again, this is not about stability across a five day period. It's a...
by JoeRetire
Wed Aug 15, 2018 3:48 pm
Forum: Investing - Theory, News & General
Topic: Is short-term dollar-cost averaging (e.g. across 1 week) beneficial?
Replies: 21
Views: 1127

Re: Is short-term dollar-cost averaging (e.g. across 1 week) beneficial?

If it helps someone invest the cash that has been sitting on the sidelines, for instance, then I think it's harmless. I've been burned many times by the post-lump-sum roller-coaster -- going through it right now. It's very easy to say "it's all noise" when it's OPM (other people's money). Sure, it'...
by JoeRetire
Wed Aug 15, 2018 3:44 pm
Forum: Investing - Theory, News & General
Topic: Bullish/bearish on GE? Make your case here - new lows today
Replies: 58
Views: 4305

Re: Bullish/bearish on GE? Make your case here - new lows today

GE is doing decade lows today. I bought $2000 worth at 12.xx today . In 2008, their low was ~$8.50. Today they're trading $12.xx. I can see it doing 8 unless it goes to zero which means I'll take heat for about 1/3 of my position size. If their old low marks the ultimate bottom. Why would $8.50 be ...
by JoeRetire
Wed Aug 15, 2018 3:00 pm
Forum: Investing - Theory, News & General
Topic: Is short-term dollar-cost averaging (e.g. across 1 week) beneficial?
Replies: 21
Views: 1127

Re: Is short-term dollar-cost averaging (e.g. across 1 week) beneficial?

The comparison on any particular 5-day period may be pointless, as you say, but when you look at the general situation over all market days, the fact is that if you plot the a 5-day moving average of a security's price against the actual price of the security, volatility will be lower. The question...
by JoeRetire
Wed Aug 15, 2018 10:44 am
Forum: Personal Finance (Not Investing)
Topic: Using ACA for early retirement years
Replies: 103
Views: 6435

Re: Using ACA for early retirement years

I am planning to use the ACA for early retirement (in late 40s). Of course, if things change that can radically alter my expenses. Without getting into politics, I think if there are any changes, they will probably be on the margins. I hope you are right. But without getting into politics, I think ...
by JoeRetire
Wed Aug 15, 2018 10:25 am
Forum: Personal Finance (Not Investing)
Topic: Cash or mortgage for house entering retirement?
Replies: 10
Views: 748

Re: Cash or mortgage for house entering retirement?

Plan to have enough saved to meet our retirement goals with or without a mortgage in retirement. All the calculations indicate it is a wash whether we pay $500k cash and have lower expenses or mortgage $400k and carry the payment. Actually, the mortgage seems to work better in the simulators becaus...
by JoeRetire
Wed Aug 15, 2018 6:15 am
Forum: Investing - Theory, News & General
Topic: Is short-term dollar-cost averaging (e.g. across 1 week) beneficial?
Replies: 21
Views: 1127

Re: Is short-term dollar-cost averaging (e.g. across 1 week) beneficial?

Suppose I have $50k which I want to invest in VTSAX (Vanguard Total Stock Market Index), and that today is Monday. What's the comparison between buying $50k of VTSAX today vs buying $10k every day from now until Friday? In this case, doing DCA just moves my average buy-in date from Monday to Wednes...
by JoeRetire
Tue Aug 14, 2018 2:42 pm
Forum: Personal Finance (Not Investing)
Topic: Using ACA for early retirement years
Replies: 103
Views: 6435

Re: Using ACA for early retirement years

dm200 wrote:
Tue Aug 14, 2018 2:36 pm
I suspect, though, that decreased benefits and/or increased costs are likely to fall on succeeding generations.
That's one guess. We'll see.
by JoeRetire
Tue Aug 14, 2018 2:21 pm
Forum: Personal Finance (Not Investing)
Topic: Using ACA for early retirement years
Replies: 103
Views: 6435

Re: Using ACA for early retirement years

Odds are we will not just see the ACA repealed and nothing shoved in place. Hmm. I'm not sure how likely that is. But nobody can tell you if the cost of that plan will be 15k or 30k or if it will even be available. I agree with that. We shall see. My opinion Is that we may see considerably more div...
by JoeRetire
Tue Aug 14, 2018 1:59 pm
Forum: Personal Finance (Not Investing)
Topic: Using ACA for early retirement years
Replies: 103
Views: 6435

Re: Using ACA for early retirement years

randomguy wrote:
Tue Aug 14, 2018 1:37 pm
Odds are we will not just see the ACA repealed and nothing shoved in place.
Hmm. I'm not sure how likely that is.
But nobody can tell you if the cost of that plan will be 15k or 30k or if it will even be available.
I agree with that.
by JoeRetire
Tue Aug 14, 2018 1:55 pm
Forum: Personal Finance (Not Investing)
Topic: Using ACA for early retirement years
Replies: 103
Views: 6435

Re: Using ACA for early retirement years

dm200 wrote:
Tue Aug 14, 2018 11:06 am
Even before ACA, there were protections from pre-existing condition exclusions if you had continuous coverage.
Availability protections perhaps, but not affordability protections. Going forward, there's no guarantee that availability will be protected.
by JoeRetire
Tue Aug 14, 2018 1:48 pm
Forum: Personal Finance (Not Investing)
Topic: Using ACA for early retirement years
Replies: 103
Views: 6435

Re: Using ACA for early retirement years

For those early retirees on ACA... are you planning to stay on ACA until Medicare? I'll use whatever health plan gives me the coverage I need at the least price. So far, that was COBRA for a few months followed by ACA plans. It's worked out very well for us. But it's hard to predict the future of t...
by JoeRetire
Mon Aug 13, 2018 7:11 am
Forum: Personal Finance (Not Investing)
Topic: "Open Social Security" calculator: feature requests, bug reports, etc
Replies: 180
Views: 15368

Re: "Open Social Security" calculator: feature requests, bug reports, etc

Given the factors I mentioned in the last post, I wonder how useful this calculator is? It might lead to more confusion than clarity for most people, and might lead to some people taking SS earlier than would be best for them. What it calculates is just one minor part of the info to be considered w...
by JoeRetire
Mon Aug 13, 2018 7:06 am
Forum: Personal Consumer Issues
Topic: What's the reason you would buy reading glasses at...
Replies: 42
Views: 2330

Re: What's the reason you would buy reading glasses at...

parigi723 wrote:
Mon Aug 13, 2018 6:00 am
WHY would you buy reading glasses ?
I buy them so that I can see while I read.
by JoeRetire
Sun Aug 12, 2018 2:25 pm
Forum: Personal Finance (Not Investing)
Topic: Understanding Medicare Options?
Replies: 39
Views: 1478

Re: Understanding Medicare Options?

Get What's Yours for Medicare is a very good resource:

https://smile.amazon.com/Get-Whats-Your ... 01CO34BIC/
by JoeRetire
Sun Aug 12, 2018 2:21 pm
Forum: Personal Consumer Issues
Topic: reliable online public forum
Replies: 24
Views: 2049

Re: reliable online public forum

What does "reliable" mean to you in this context? Reliable means "at least one poster says what I want to hear and validates my pre-existing beliefs" :twisted: Actually, the most excellent work of the moderators is what makes this forum reliable for me. I also find running into information counter ...
by JoeRetire
Sun Aug 12, 2018 6:13 am
Forum: Personal Consumer Issues
Topic: reliable online public forum
Replies: 24
Views: 2049

Re: reliable online public forum

Which one is the most reliable, trustworthy, reputable online public forum on a general wide variety of issues, such as, health, retirement, living, business, medical, divorce, and family so on? What does "reliable" mean to you in this context? What about "trustworthy"? And "reputable"? For example...
by JoeRetire
Sat Aug 11, 2018 2:07 pm
Forum: Investing - Help with Personal Investments
Topic: Would you pay this mortgage off?
Replies: 51
Views: 4148

Re: Would you pay this mortgage off?

Well my taxable brokerage account which I opened 1 year ago has gains of 2.5% on 100k. How would it have done for the 7 or 8 years before that? It wouldn't surprise me if real market returns were 2% for the next decade. That would surprise me. I suppose we are all entitled to our own guesses regard...
by JoeRetire
Sat Aug 11, 2018 2:03 pm
Forum: Personal Finance (Not Investing)
Topic: Plan for Parental Care in my road to financial independence
Replies: 33
Views: 2281

Re: Plan for Parental Care in my road to financial independence

Rupert wrote:
Fri Aug 10, 2018 2:39 pm
That's exactly the point I kept trying to impress upon OP in my posts above without getting into politics. See https://www.nbcnews.com/politics/immigr ... ts-n897931
Yup.
Maybe things will work out in spite of all that.
by JoeRetire
Sat Aug 11, 2018 2:01 pm
Forum: Personal Finance (Not Investing)
Topic: Financial Advisor Mandatory?
Replies: 36
Views: 3107

Re: Financial Advidor Mandatory?

Nissanzx1 wrote:
Sat Aug 11, 2018 7:36 am
Do we need a financial advisor?
Are you capable of and willing to do everything financial yourself?
Do you want to do it yourself?
by JoeRetire
Fri Aug 10, 2018 2:38 pm
Forum: Investing - Help with Personal Investments
Topic: Would you pay this mortgage off?
Replies: 51
Views: 4148

Re: Would you pay this mortgage off?

Cycle wrote:
Fri Aug 10, 2018 8:10 am
I like being debt free as it increases my savings rate.
Most everyone likes to increase their savings rate.

But the question is how much of you money do you wish to make illiquid in order to do that? And how much excess market return are you willing to give up?
by JoeRetire
Fri Aug 10, 2018 2:33 pm
Forum: Investing - Help with Personal Investments
Topic: Would you pay this mortgage off?
Replies: 51
Views: 4148

Re: Would you pay this mortgage off?

And like much of DR advice totally wrong.😁 Care to tell me anyone that is giving out 3% mortgages like they were 5 years ago? DR advice is tailored for people that have a proven inability to handle money. You should decide if you fit in that group before deciding to follow it or not. Got it. People...
by JoeRetire
Fri Aug 10, 2018 2:29 pm
Forum: Personal Finance (Not Investing)
Topic: Paying off mortgage....risk?
Replies: 14
Views: 1077

Re: Paying off mortgage....risk?

fittan wrote:
Fri Aug 10, 2018 12:19 pm
So isn't this risk sufficient enough NOT to pay off mortgage? Please advise if there's something wrong with my logic. Thanks.
There's a long list of good reasons not to make a lot of your money illiquid by tying it up in the walls of your home.
This is very far down that list.
by JoeRetire
Fri Aug 10, 2018 2:19 pm
Forum: Personal Finance (Not Investing)
Topic: Plan for Parental Care in my road to financial independence
Replies: 33
Views: 2281

Re: Plan for Parental Care in my road to financial independence

fantasytensai wrote:
Thu Aug 09, 2018 3:49 pm
JoeRetire wrote:
Thu Aug 09, 2018 3:24 pm
Has MIL already gotten a green card?
Not yet, currently in the process
A bunch of my friends who are still working tell me "things are different now" regarding green cards.
Good luck.
by JoeRetire
Thu Aug 09, 2018 3:37 pm
Forum: Investing - Theory, News & General
Topic: financial planning and the unknowability of the future
Replies: 15
Views: 1396

Re: financial planning and the unknowability of the future

2) contributing to tax deferred accounts though your tax bracket in retirement *might* be higher Everyone's tax bracket in retirement might be higher. Nobody can predict what the tax brackets might be down the road. 3) contribute to HSA via payroll deduction, thus bypassing FICA, though contributin...
by JoeRetire
Thu Aug 09, 2018 3:25 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage question
Replies: 20
Views: 1766

Re: Mortgage question

pezblanco wrote:
Wed Aug 08, 2018 4:25 pm
But why? Why would you buy bonds paying 1 percent while you are paying on a mortgage that is at 5% ? This makes no monetary sense.
I wouldn't buy bonds paying 1 percent. That was your proposition. I agree that it makes no sense.
by JoeRetire
Wed Aug 08, 2018 3:34 pm
Forum: Investing - Help with Personal Investments
Topic: Rent home with high equity or sell
Replies: 11
Views: 1210

Re: Rent home with high equity or sell

Thanks Joe. I do want to be a landlord. However, I'm considering between two options - 1. Rent the current home where I have equity around 60%, and rent to price ratio is not so great. 2. Sell this home and buy a cheaper home in a different location as an investment property where rent to price rat...
by JoeRetire
Wed Aug 08, 2018 3:27 pm
Forum: Personal Consumer Issues
Topic: "Dollar Tree Store" favorites
Replies: 84
Views: 6422

Re: "Dollar Tree Store" favorites

Rupert wrote:
Wed Aug 08, 2018 7:59 am
No, dollar store toothpaste is not the same product that you can buy at Target: https://www.snopes.com/fact-check/dolla ... oothpaste/
Some Dollar Tree stores.
Some tubes of toothpaste.

If you can't be bothered to read labels, don't purchase at Dollar Tree (or anywhere for that matter).
by JoeRetire
Wed Aug 08, 2018 3:17 pm
Forum: Personal Consumer Issues
Topic: "Dollar Tree Store" favorites
Replies: 84
Views: 6422

Re: "Dollar Tree Store" favorites

tennisplyr wrote:
Mon Aug 06, 2018 12:13 pm
For those of you familiar with the Dollar Store where all items are $1, what do you buy there most often?
Grandchildren stuff.