Search found 5575 matches

by RickBoglehead
Mon Jan 20, 2020 9:16 am
Forum: Personal Investments
Topic: Am I Silly Not To Cut And Run?
Replies: 15
Views: 3750

Re: Am I Silly Not To Cut And Run?

It's not all about pension risk. It's partly about the ability to continue to work in a company where people are flocking to the doors, where morale is probably pretty low, and living with the fear that each day the axe could come down on your neck.
by RickBoglehead
Mon Jan 20, 2020 9:13 am
Forum: Personal Finance (Not Investing)
Topic: Shouldering the burden of my in-laws’ lifestyle
Replies: 48
Views: 4750

Re: Shouldering the burden of my in-laws’ lifestyle

And have disavowed any responsibility for how things end up, because it's of her own making. Not dire like OP's situation, but it could get there if the market took a 50% dip and she didn't cut spending. Not my problem. Sorry Rick. I don't believe you. When it happens, family is still family. Also,...
by RickBoglehead
Mon Jan 20, 2020 8:55 am
Forum: Personal Finance (Not Investing)
Topic: Shouldering the burden of my in-laws’ lifestyle
Replies: 48
Views: 4750

Re: Shouldering the burden of my in-laws’ lifestyle

Their are certain aspects about the future that we all know. People grow old, and at some point are unable to care for themselves and need help - whether from the government or family. This isn't news. Therefore, knowing this fact, it is incumbent upon people that are aging to figure out, well befor...
by RickBoglehead
Mon Jan 20, 2020 8:16 am
Forum: Personal Finance (Not Investing)
Topic: SS @ 62 as part of tax reduction strategy
Replies: 28
Views: 2709

Re: SS @ 62 as part of tax reduction strategy

KlingKlang wrote:
Sun Jan 19, 2020 11:52 am
veggivet wrote:
Sun Jan 19, 2020 11:26 am
4. Main objective is to minimize taxes going forward.
Too many people fall into the "Letting the tax tail wag the investment dog" logic trap. A better objective would be to maximize after tax income and net worth.
This ^^^
by RickBoglehead
Mon Jan 20, 2020 7:35 am
Forum: Personal Consumer Issues
Topic: Best Way to Resolve Property Line/Fence Issue with Heirs
Replies: 53
Views: 4047

Re: Best Way to Resolve Property Line/Fence Issue with Heirs

Have surveyor set pins and stakes. That way you can find the pins if stakes are gone with metal detector. Hopefully you letter to neighbor prevents successful claim of property, which requires unpermitted use. It should also have declared that you can remove fence any time and require relocation of...
by RickBoglehead
Mon Jan 20, 2020 7:09 am
Forum: Personal Finance (Not Investing)
Topic: to pre-nup or not?
Replies: 133
Views: 11921

Re: to pre-nup or not?

Unladen_Swallow wrote:
Sun Jan 19, 2020 8:23 pm
My opinion only:


If two people can't share their financial situation completely, a marriage is not advisable (pre-nup or not). Especially when the individuals are older.
This ^^^

You can buy a home together but not be married.
by RickBoglehead
Mon Jan 20, 2020 6:48 am
Forum: Personal Finance (Not Investing)
Topic: Some observations when trying to buy [a new Prius Prime or Honda Clarity]
Replies: 37
Views: 5076

Re: Some observation when trying to buy a new car

After doing some research, I decided that I wanted to look at a Prius Prime or a Honda Clarity plug-in. Both provide ability to drive an electric car for most days and offer the option to take much longer trips using gasoline. I am retired and so drive less than 20-30 miles most days. The trouble s...
by RickBoglehead
Sun Jan 19, 2020 4:36 pm
Forum: Personal Finance (Not Investing)
Topic: My 60 y/o parents have basically 0 for retirement & will have no SS/Medicare
Replies: 166
Views: 17044

Re: My 60 y/o parents have basically 0 for retirement & will have no SS/Medicare

It's like a gig-expert service. It's not a job. A handful of calls in a month, if one is lucky. I used to do these (different specialty), but they got so few and far between that I withdrew from the services I was signed up for, because I wasted too much time responding to queries that never materi...
by RickBoglehead
Sun Jan 19, 2020 2:26 pm
Forum: Personal Investments
Topic: 11 month No penalty CDs
Replies: 3
Views: 943

Re: 11 month No penalty CDs

As long as you understand the terms of the offer, there is no catch. I would suggest that, depending on the total amount you wish to deposit, you consider multiple CDs, so that IF you need some money you break 1 CD, and keep most of the money invested. I got the 2.3% rate at Ally before it went away...
by RickBoglehead
Sun Jan 19, 2020 12:54 pm
Forum: Personal Investments
Topic: 1-3 years to retirement
Replies: 8
Views: 895

Re: 1-3 years to retirement

Thank you. I also should mention my pension is cola based and I contribute the max 25,000/year to my 457. COLA is irrelevant for this basic math. If you contribute $25,000 a year, you can do the simple math. When do you have 25 - 30x annual expenses? 30x $42,000 = $1,260,000. You have $825,000, so ...
by RickBoglehead
Sun Jan 19, 2020 10:31 am
Forum: Personal Investments
Topic: 1-3 years to retirement
Replies: 8
Views: 895

Re: 1-3 years to retirement

Thank you. I also should mention my pension is cola based and I contribute the max 25,000/year to my 457. COLA is irrelevant for this basic math. If you contribute $25,000 a year, you can do the simple math. When do you have 25 - 30x annual expenses? 30x $42,000 = $1,260,000. You have $825,000, so ...
by RickBoglehead
Sun Jan 19, 2020 10:22 am
Forum: Personal Investments
Topic: 1-3 years to retirement
Replies: 8
Views: 895

Re: 1-3 years to retirement

You need $6,500 per month in retirement. You get $3,000 in pension. Therefore, you need $3,500 per month or $42,000 a year. $825,000 / $42,000 = 19.6 years of expenses. Not enough to retire if you're shooting for 25 - 30x. Of course it ignores Social Security but that's way off. I would say you need...
by RickBoglehead
Sun Jan 19, 2020 9:51 am
Forum: Personal Investments
Topic: [Chase told me they can beat index funds]
Replies: 48
Views: 3928

Re: [Chase told me they can beat index funds]

Ask him if they will guarantee they will beat an agreed upon index over some mutually agreed upon time table. If they fall short, they (or he) will personally make up the difference. There’s no chance they’ll agree to this because they are simply re-packaging the same old sales pitch. Building on t...
by RickBoglehead
Sat Jan 18, 2020 6:29 pm
Forum: Personal Consumer Issues
Topic: My Hotmail account is getting spammed big time
Replies: 48
Views: 4719

Re: My Hotmail account is getting spammed big time

Spam filter, or get a non-antique email address.
by RickBoglehead
Sat Jan 18, 2020 6:23 pm
Forum: Personal Finance (Not Investing)
Topic: My 60 y/o parents have basically 0 for retirement & will have no SS/Medicare
Replies: 166
Views: 17044

Re: My 60 y/o parents have basically 0 for retirement & will have no SS/Medicare

tph090 wrote:
Sat Jan 18, 2020 5:14 pm
I don't put it past them to sue me for filial obligation.
Sad.

Let them. Pick up the phone and report your father to Homeland Security, the IRS, and Canada's taxation authority.
by RickBoglehead
Sat Jan 18, 2020 4:53 pm
Forum: Personal Finance (Not Investing)
Topic: My 60 y/o parents have basically 0 for retirement & will have no SS/Medicare
Replies: 166
Views: 17044

Re: My 60 y/o parents have basically 0 for retirement & will have no SS/Medicare

You do nothing. Your father is a lawyer. Knowing the legal ramifications, he let his green card expire. Knowing the legal ramifications, he didn't become a US citizen. He apparently earned good money at some point if he can charge $1,000 an hour today. Let them live their lives, you live yours. Then...
by RickBoglehead
Sat Jan 18, 2020 3:08 pm
Forum: Personal Finance (Not Investing)
Topic: Insurance costs in Retirement
Replies: 10
Views: 736

Re: Insurance costs in Retirement

Recent threads have discussed this in depth.

viewtopic.php?f=2&t=300892&start=50
by RickBoglehead
Sat Jan 18, 2020 11:35 am
Forum: Personal Consumer Issues
Topic: Helping or Enabling Question
Replies: 46
Views: 1977

Re: Helping or Enabling Question

Your friend is being taken advantage of. Is this really that different than leaving your kids a large legacy? Yes, quite different. Assuming the kids grow up, support themselves, live on their own, and be productive before getting the large inheritance. The other way is just being a leech. Exactly.
by RickBoglehead
Sat Jan 18, 2020 11:20 am
Forum: Personal Consumer Issues
Topic: Helping or Enabling Question
Replies: 46
Views: 1977

Re: Helping or Enabling Question

Your friend is being taken advantage of.
by RickBoglehead
Sat Jan 18, 2020 9:28 am
Forum: Personal Investments
Topic: Need a taxable fund for father
Replies: 14
Views: 747

Re: Need a taxable fund for father

With those few assets, he shouldn't put any of it in the market.
by RickBoglehead
Sat Jan 18, 2020 8:24 am
Forum: Personal Consumer Issues
Topic: How far in advance to buy flights to Orlando/Disney over Thanksgiving 2020?
Replies: 8
Views: 849

Re: How far in advance to buy flights to Orlando/Disney over Thanksgiving 2020?

No one knows how fares will change 10 months from now, not even the airlines, because they constantly tweak their algorithms. That week is a nightmare to travel, and a nightmare at Disney, so you'll need to balance cost over your requirements - specific travel dates, choosing your seats, flight time...
by RickBoglehead
Sat Jan 18, 2020 7:48 am
Forum: Personal Finance (Not Investing)
Topic: Top 5 Accounting Program vs. Full Scholarship
Replies: 20
Views: 2121

Re: Top 5 Accounting Program vs. Full Scholarship

Lots of good advice. If he picks one of the schools where he has received a full scholarship, he should use that in his interviewing when he graduates. "I was accepted at X and Y. However, as a future accountant, I could not justify the expense of X or Y when Z had offered me a full scholarship. I f...
by RickBoglehead
Sat Jan 18, 2020 7:43 am
Forum: Personal Finance (Not Investing)
Topic: Medical Billing, out of network service
Replies: 18
Views: 984

Re: Medical Billing, out of network service

Your post is hard to understand, but it appears that your insurance company has sent you a check for out of network services in the amount of $400. You have not received any billing from the provider. Therefore, there is nothing to do at this point.
by RickBoglehead
Sat Jan 18, 2020 7:23 am
Forum: Personal Investments
Topic: Found Pennzoil stock certificate from the 1970's. Now what?
Replies: 4
Views: 1132

Re: Found Pennzoil stock certificate from the 1970's. Now what?

"Pennzoil is an American oil company founded in Los Angeles, California in 1913. In 1955, it was acquired by South Penn Oil, a former branch of Standard Oil, headquartered in Oil City, Pennsylvania. In 1963, South Penn Oil merged with Zapata Petroleum, and the merged company was named "Pennzoil". W...
by RickBoglehead
Sat Jan 18, 2020 7:11 am
Forum: Personal Finance (Not Investing)
Topic: Life advice for recent graduate
Replies: 67
Views: 5023

Re: Life advice for recent graduate

1) Don't take advice from random strangers on the internet. 2) Before adopting any lifestyle, or taking any path, or following any strategy, do lots of research, including from knowledgeable sources. For example, some say "never take on any debt". Hogwash. Mortgages and car loans are normal . The ke...
by RickBoglehead
Sat Jan 18, 2020 6:46 am
Forum: Personal Finance (Not Investing)
Topic: Personal Capital
Replies: 6
Views: 1231

Re: Personal Capital

I agree with PC's classification.

Dividends are income. So is interest from bonds.

Shares sold are not income.

Shares sold minus acquisition cost minus fees is profit or loss.

How would you change them?
by RickBoglehead
Fri Jan 17, 2020 2:44 pm
Forum: Personal Consumer Issues
Topic: Microsoft Office Home & Student - 2013 and 2019 Versions
Replies: 21
Views: 1865

Re: Microsoft Office Home & Student - 2013 and 2019 Versions

OEM installations of software are often for one computer only. If you have the DVD/CD, and a hard drive fails, you would also have the key (on the disk package) to reinstall it. Without the key, you'd likely have to contact Microsoft to be able to activate the software. Some Googling shows that Offi...
by RickBoglehead
Fri Jan 17, 2020 1:02 pm
Forum: Personal Investments
Topic: What do we do now?
Replies: 16
Views: 1550

Re: What do we do now?

PARTY HEARTY!

Then, relax. You've reached your number, you're happy with your AA, and your wife wants to work for a bit more. Enjoy life!

We're 17 months away.
by RickBoglehead
Fri Jan 17, 2020 12:55 pm
Forum: Personal Finance (Not Investing)
Topic: How to reduce spending -- suggestions?
Replies: 73
Views: 6674

Re: How to reduce spending -- suggestions?

The issue is that most mail order companies sell their lists to other mail order companies, so do online retailers. If you're a spender, your data will be passed around like a joint at a frat house! They rent, not sell. By contacting the company that has your name, you request that they mark it Do ...
by RickBoglehead
Fri Jan 17, 2020 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: How to reduce spending -- suggestions?
Replies: 73
Views: 6674

Re: How to reduce spending -- suggestions?

I have made a concerted effort to get off of catalog lists for years. I actually keep track of them all. I send a letter. I would say very few large companies will take you off the list with just one letter. In some cases it's been 5 or 6 and they still send their JUNK. As to SPAM I mark spam when ...
by RickBoglehead
Fri Jan 17, 2020 11:58 am
Forum: Personal Investments
Topic: Privacy in brokerage account
Replies: 4
Views: 358

Re: Privacy in brokerage account

I can tell you that every view of an account is logged. Reps are assigned accounts, and are presented with views of those accounts that they are authorized to see. If Bob, your Uncle, looked up your account, it would be logged. Then it's up to his company's compliance officer to slap his wrist.
by RickBoglehead
Fri Jan 17, 2020 10:47 am
Forum: Investing - Theory, News & General
Topic: Paying cash for Car but keeping Mortgage loan
Replies: 19
Views: 1405

Re: Paying cash for Car but keeping Mortgage loan

I am thinking to pay off my car loan ~15 K at a 1.74% rate. If I had a car loan at 1.74% and a mortgage at, say, 3.5%, I would pay extra on the mortgage, not the the car loan. Why would you not want to pay off the higher rate debt first? Now at the time that you got the 1.74%, this may have been an...
by RickBoglehead
Fri Jan 17, 2020 10:13 am
Forum: Personal Investments
Topic: HSA - Spend or Save?
Replies: 16
Views: 779

Re: HSA - Spend or Save?

Many posts on this, and the majority say to save it for the future, keeping all bills and receipts, and then use it in retirement.
by RickBoglehead
Fri Jan 17, 2020 9:56 am
Forum: Personal Investments
Topic: Silly questions about Vanguard's "tiers"
Replies: 19
Views: 2160

Re: Silly questions about Vanguard's "tiers"

Badger1754 wrote:
Fri Jan 17, 2020 9:55 am
RickBoglehead wrote:
Fri Jan 17, 2020 9:53 am
All of the above I believe. What doesn't count are retirement accounts like 401ks.
Hmm, my 401(k)s are not held at Vanguard, but my Roth IRAs are.
IRAs are included. 401ks are not, 457s are not, retirement accounts via an employer are not.
by RickBoglehead
Fri Jan 17, 2020 9:53 am
Forum: Personal Investments
Topic: Silly questions about Vanguard's "tiers"
Replies: 19
Views: 2160

Re: Silly questions about Vanguard's "tiers"

All of the above I believe. What doesn't count are retirement accounts like 401ks.
by RickBoglehead
Fri Jan 17, 2020 9:52 am
Forum: Personal Finance (Not Investing)
Topic: Financial Counseling Services Plan through union
Replies: 13
Views: 527

Re: Financial Counseling Services Plan through union

I'd strongly spend the time to post your portfolio, in the suggested format, and seek advice from this forum first. Nearly free health coverage during all of retirement, coupled with a paid off house, our two of the big nuts to crack, and you're all set on those. So, it comes down to whether you hav...
by RickBoglehead
Fri Jan 17, 2020 9:34 am
Forum: Investing - Theory, News & General
Topic: VG Monthly Statements Are HORRIBLE!
Replies: 97
Views: 8472

Re: VG Monthly Statements Are HORRIBLE!

I am going to continue to move in the direction of simplicity and thinking I will delete the statements electronically and keep the most recent. Why bother going through the hassle of deleting periodically, especially with electronic statements? The simplest thing to do is save the statements to a ...
by RickBoglehead
Fri Jan 17, 2020 9:31 am
Forum: Personal Finance (Not Investing)
Topic: Financial Counseling Services Plan through union
Replies: 13
Views: 527

Re: Financial Counseling Services Plan through union

The firm they use is Stacey Braun Associates. I don't find any kind of online reviews. I plugged that into Google and got a whole bunch of information, but little ratings. They seem to focus on unions as their top priority. Shocking how there are no reviews. Stacey Braun offers two types of Financi...
by RickBoglehead
Fri Jan 17, 2020 8:37 am
Forum: Personal Finance (Not Investing)
Topic: trusting a financial advisor
Replies: 34
Views: 2604

Re: trusting a financial advisor

OK, the 'financial advisor' did not address my main issue: overview of taxes, capital gains, tax efficiency etc. Instead I got a generic sales pitch. Maybe the place to go is a CPA? I think I am missing out on some tax saving moves. I use Turbo Tax so am not sure, but am certainly happy to hire a C...
by RickBoglehead
Fri Jan 17, 2020 8:34 am
Forum: Investing - Theory, News & General
Topic: Paying cash for Car but keeping Mortgage loan
Replies: 19
Views: 1405

Re: Paying cash for Car but keeping Mortgage loan

I have read in multiple forums here at Bogleheads where users recommend pay cash for car purchase even APR for a car loan is around 2% but recommends to keep Mortgage loan which has a relatively higher interest when compared against car loan. Could someone explain to me the reasoning behind this lo...
by RickBoglehead
Fri Jan 17, 2020 8:26 am
Forum: Personal Finance (Not Investing)
Topic: How to reduce spending -- suggestions?
Replies: 73
Views: 6674

Re: How to reduce spending -- suggestions?

You need to be on the same page with your spouse too. If you are tracking spending in such granularity that you are constantly asking your spouse what exactly he/she bought on this day or that day you could cause other issues (depends on the extent to which your spouse buys in to the level of track...
by RickBoglehead
Fri Jan 17, 2020 8:03 am
Forum: Personal Consumer Issues
Topic: Toyota recall
Replies: 15
Views: 1837

Re: Toyota recall

Since you can input a car's VIN, you can answer the question as to whether a car that you are considering purchasing is included or not. Of course it is possible that it's not included, then it is included later. Every car I've owned in the past years, as far as I can recall (pun intended), has had ...
by RickBoglehead
Fri Jan 17, 2020 7:57 am
Forum: Personal Consumer Issues
Topic: Optimal thermostat settings
Replies: 18
Views: 1443

Re: Optimal thermostat settings

There are forums and websites that specialize in furnaces and heating/cooling, this would not be one of them. My understanding from the research that I have done is that a gas forced-air system should not be set more than 5 degrees lower/higher than the temperature you are going to recover to, for e...
by RickBoglehead
Fri Jan 17, 2020 7:25 am
Forum: Personal Finance (Not Investing)
Topic: How to reduce spending -- suggestions?
Replies: 73
Views: 6674

Re: How to reduce spending -- suggestions?

Looking at my credit card summary for 2019, I was surprised and a bit disturbed by how much my wife and I spent last year. We do not live extravagantly, but our expenses really pile up fast. We are in semi-retirement now, and clearly need to do some belt-tightening. We have never felt the need to a...
by RickBoglehead
Fri Jan 17, 2020 7:09 am
Forum: Personal Finance (Not Investing)
Topic: How to reduce spending -- suggestions?
Replies: 73
Views: 6674

Re: How to reduce spending -- suggestions?

The term "junk mail" being attributed to legitimate companies that may have retail, catalog, and online presence isn't fair - since most of them do little prospecting by mail and only want to send catalogs to those that want them. Yah....uh....no. We get all kinds of mailings. One I truly don't und...
by RickBoglehead
Fri Jan 17, 2020 6:55 am
Forum: Personal Investments
Topic: IRS Interest taxation
Replies: 7
Views: 772

Re: IRS Interest taxation

Schedule B.
by RickBoglehead
Thu Jan 16, 2020 4:55 pm
Forum: Personal Finance (Not Investing)
Topic: How high is health insurance going to go?
Replies: 79
Views: 6359

Re: How high is health insurance going to go?

Pretty wide range on those plans - $18,000 a year to $36,000 a year, but that expensive plan is likely better than anything on the ACA site.

We are looking at $21,600 until Medicare.
by RickBoglehead
Thu Jan 16, 2020 2:03 pm
Forum: Personal Consumer Issues
Topic: Closing cost review
Replies: 14
Views: 1399

Re: Closing cost review

Did your realtor review it? How about your lawyer?

Buy house, put 20% down. Don't get owner's title insurance. Title proves bad. Title company pays bank, leaves you hanging. Goodbye 20%.
by RickBoglehead
Thu Jan 16, 2020 2:01 pm
Forum: Personal Consumer Issues
Topic: New Refrigerator Problem - Updated for Another Option - Liebherr 842947
Replies: 15
Views: 1088

Re: New Refrigerator Problem

No one can answer this for you OP, since we have no idea how your soffit is built, what's inside it, etc. It's unfortunate that they took the old unit before verifying the new one fit, but the onus seems to be on the contractor's representative that is measuring challenged.