Search found 138 matches

by prairieman
Sat Sep 14, 2019 10:48 pm
Forum: Personal Consumer Issues
Topic: Who “owns” the side of my garage?
Replies: 15
Views: 2420

Re: Who “owns” the side of my garage?

I think you own the walls and some of the land next to them. By attaching the fence to your garage, each of your neighbors gained use of a little bit of your land inside their fenced in areas. Not worth feuding over.
by prairieman
Thu Sep 12, 2019 5:01 pm
Forum: Personal Finance (Not Investing)
Topic: How many years for each $250k of net worth?
Replies: 36
Views: 5963

Re: How many years for each $250k of net worth?

This sounds like a futile waste of time. Looking back in my own life, the first 250 was reached before we had kids and bought a house. The next 250 took a long time because large gains were erased by the dot com bubble. But I did recover and lucked into a better, more rewarding jobsituation. Then 20...
by prairieman
Wed Sep 11, 2019 12:59 pm
Forum: Personal Consumer Issues
Topic: How old is your cellphone?
Replies: 159
Views: 7393

Re: How old is your cellphone?

iPhone 6/ 4 years. I want to up-grade but just haven’t found the time to do it. As I age I prefer to remain at least somewhat current with technology and so will not keep items for which no new software is being written.
by prairieman
Wed Sep 11, 2019 11:49 am
Forum: Personal Consumer Issues
Topic: Piano keyboard suggestion
Replies: 21
Views: 1606

Re: Piano keyboard suggestion

You sound just like me a few years ago. I went around, trying some out, but then looked at comments for many pianos on Amazon. There were a lot of good things said about Korg pianos (both feel and sound) which I hadn’t even seen in the stores I went to. I ultimately ordered one from Amazon for about...
by prairieman
Sun Sep 08, 2019 11:49 am
Forum: Personal Consumer Issues
Topic: Retirees: Ever feel really lazy?
Replies: 42
Views: 5209

Re: Retirees: Ever feel really lazy?

I guess I don’t feel lazy, but rather self-indulgent. I remain pretty active but a much higher percentage of things I do are things I like doing.... walks, reading, travel, arranging get togethers, etc.. I am actually better at housework, yard work, car maintenance, etc... than I used to be because ...
by prairieman
Sat Sep 07, 2019 4:43 pm
Forum: Investing - Theory, News & General
Topic: Rethinking the role of bonds in AA
Replies: 28
Views: 3411

Re: Rethinking the role of bonds in AA

firebirdparts wrote:
Sat Sep 07, 2019 4:36 pm
Bonds have made 10% in just a few months. Its just not that simple.
True. This is why I want to take my money and run (to CDs and short term bonds.
by prairieman
Sat Sep 07, 2019 3:51 pm
Forum: Personal Investments
Topic: Quick sprint to pay off mortgage make sense?
Replies: 11
Views: 896

Re: Quick sprint to pay off mortgage make sense?

My wife and I “sprinted” way back when - and it has been liberating for the rest of our simplified lives. On the other hand, it made more sense back then when our interest rate was over 7%. I probably would not do it today.
by prairieman
Sun Aug 25, 2019 3:54 pm
Forum: Personal Finance (Not Investing)
Topic: Do you sacrifice to save?
Replies: 97
Views: 8411

Re: Do you sacrifice to save?

Did not read responses but, yes, to the original OP’s question. I am not a miser, by any means, but was always asking what could happen to our family financially if I lost my job. We lived well below our means and especially kept recurring expenses and debt low - always. Only when we had a cushion w...
by prairieman
Sun Aug 04, 2019 8:28 am
Forum: Personal Finance (Not Investing)
Topic: Why won’t anyone hire me?
Replies: 156
Views: 15037

Re: Why won’t anyone hire me?

I feel for you, OP. My sister was laid off at 52 and could not find a job. She had skills and experience in commercial/ computer art, but so do a lot of people that are younger than her. Desperate, she became a part-time cashier at a department store. She proved herself a good enough worker to be mo...
by prairieman
Fri Jul 19, 2019 9:40 pm
Forum: Personal Investments
Topic: Bad time to enter the market?
Replies: 40
Views: 4222

Re: Bad time to enter the market?

Ask yourself this: Pretend your mom’s investments were at your target AA right now. Would you sell all of the stocks and begin DCA to get back in?
by prairieman
Wed Jul 17, 2019 4:52 pm
Forum: Personal Finance (Not Investing)
Topic: Do you care about your home appreciating?
Replies: 91
Views: 5178

Re: Do you care about your home appreciating?

The practical side of me says it does not matter to me as much as it will to my kids. We will stay here until we can’t because of death or health reasons. We own it outright and have enough to live on for life. There is another side of me that, I almost hate to admit this, tracks my total asset valu...
by prairieman
Sat Jun 22, 2019 7:54 am
Forum: Personal Investments
Topic: How did you overcome your fear of investing?
Replies: 33
Views: 2564

Re: How did you overcome your fear of investing?

I still have lingering fear from the dot com bubble and housing crisis and so am probably more conservative than I need to be (50/50). But learning how to invest conservatively helped me to overcome most of that fear.
by prairieman
Fri Jun 14, 2019 10:06 am
Forum: Personal Consumer Issues
Topic: Fixing financial "leakage" - what do you do?
Replies: 23
Views: 3515

Re: Fixing financial "leakage" - what do you do?

I do many of the above things but on top of those I have switched to near maintenance-free landscaping: (1) Much of my lot is a native prairie which took effort to install, but is now mostly self-sustaining - only requiring a little weeding to keep out aggressive invaders. Looks beautiful each year....
by prairieman
Wed Jun 12, 2019 6:39 am
Forum: Personal Finance (Not Investing)
Topic: Efficiently giving to an individual
Replies: 32
Views: 2673

Re: Efficiently giving to an individual

A little off topic, but if you were to transfer appreciated stocks to an individual does the basis get reset?
by prairieman
Fri Jun 07, 2019 8:24 pm
Forum: Personal Finance (Not Investing)
Topic: Highly appreciated whiskies
Replies: 34
Views: 3574

Re: Highly appreciated whiskies

In my opinion, and you can call me tasteless if you want, I would try to sell them to some sucker willing to pay a lot for something that only spends a few minutes on the lips. I like whiskey but think there are plenty of good varieties at much lower prices.
by prairieman
Fri Jun 07, 2019 9:05 am
Forum: Personal Finance (Not Investing)
Topic: how to deal with people who are not living boglehead way of life
Replies: 45
Views: 2959

Re: how to deal with people who are not living boglehead way of life

This topic is dear to my heart. My older brother once took me out for lunch on my birthday and convinced me that the financial sky was falling. I went home, converted a lot of money to cash, and lost about $30,000 of potential gains in the next month. Happy Birthday, eh? I still did not blame him be...
by prairieman
Mon Jun 03, 2019 9:49 pm
Forum: Personal Finance (Not Investing)
Topic: Value of Zillow house price estimate
Replies: 44
Views: 6218

Re: Value of Zillow house price estimate

I do look up my house price on Zillow every month or so and noticed that prices go up or down with the market but there are other significant wiggles that occur quite randomly. We went through a major $70,000 remodel and shortly after I watched the Zestimate drop by $20,000. Later, our assessed valu...
by prairieman
Mon Jun 03, 2019 4:22 pm
Forum: Personal Finance (Not Investing)
Topic: any other post-docs on here? (or former post-docs?)
Replies: 51
Views: 6182

Re: any other post-docs on here? (or former post-docs?)

I was a post doc/ research associate for fourteen long years and felt dead-ended and unsure about my future. I even considered quitting research and teaching high school. But - things really turned around in my forties. I found a good paying job and it turned out that the long post-doc time really t...
by prairieman
Mon Jun 03, 2019 3:50 pm
Forum: Personal Finance (Not Investing)
Topic: How long have you been unemployed?
Replies: 97
Views: 11543

Re: How long have you been unemployed?

Age:61
I always had jobs from age 10 (paper route) to 58 when I retired.
by prairieman
Sat May 25, 2019 6:20 pm
Forum: Personal Finance (Not Investing)
Topic: “Upsizing” are we foolish?
Replies: 62
Views: 7447

Re: “Upsizing” are we foolish?

At some point, we went from spartan saving mode to spending/enjoy life mode. I was mid fifties, and we upsized to the house of our dreams - where we could see ourselves living out our lives. If you can afford it, and want it, then do it.
by prairieman
Tue May 21, 2019 8:55 am
Forum: Personal Finance (Not Investing)
Topic: Very High Net Worth, elite private or “good” public
Replies: 278
Views: 18697

Re: Very High Net Worth, elite private or “good” public

My goodness there are a lot of comments. We made a similar decision years back now and ultimately chose public - mostly because that is where their best friends from around the neighborhood were going to go. It was a public school system that was very diverse, ethnically and economically, so we thou...
by prairieman
Sun May 12, 2019 6:46 pm
Forum: Personal Finance (Not Investing)
Topic: Inherited ranch
Replies: 97
Views: 8191

Re: Inherited ranch

I will some day face a similar situation and have given it some thought. My inclination is to sell the property. If a sentimental sibling wishes to bid, they sure can. If some siblings want to cut a deal to siblings, they can do that, too. This is the only real way to be totally fair to all involved...
by prairieman
Fri May 10, 2019 6:03 pm
Forum: Personal Consumer Issues
Topic: 256 Gbytes for IPhone! How much further?
Replies: 29
Views: 2172

256 Gbytes for IPhone! How much further?

As somebody who remembers paying a lot of money to upgrade his computer from 128K to 1 MB of internal memory, I have more-than-once thought that we must be at the limit by now. But, in the market for a new cell phone, my mind was blown yet again, by the option of buying an absurd 256 GB phone for no...
by prairieman
Fri May 10, 2019 4:18 pm
Forum: Personal Investments
Topic: [Is age 61 too late in life to begin funding a Roth 401k?]
Replies: 22
Views: 2618

Re: [Is age 61 too late in life to begin funding a Roth 401k?]

A word of caution that may or may not apply to your situation: My wife and I were contributing to our Roth accounts the maximum allowed after I retired - until we found out that we specifically needed earned income greater than your Roth contribution. This was not always made specifically clear on i...
by prairieman
Fri May 10, 2019 4:02 pm
Forum: Personal Finance (Not Investing)
Topic: Do you rent even if you can afford to buy?
Replies: 131
Views: 22760

Re: Do you rent even if you can afford to buy?

It's apples to oranges. Homeowner expenses include repairs and maintenance. Not so renting. Examples: replacing our roof cost $8,000, pest control is about $800 per year. You'll have to pay to replace the dead refrigerator, broken dishwasher, and malfunctioning air conditioner. Crack open the walle...
by prairieman
Tue May 07, 2019 5:45 pm
Forum: Personal Finance (Not Investing)
Topic: What’s in your pocket?
Replies: 22
Views: 2210

What’s in your pocket?

It dawned on me recently that I carry too much stuff that I never use in my pockets. I decided to downsize but am new to the game. I still have my cell phone, but my wallet is replaced by a very slim and less annoying card-sized thing to which I attach my house key, a little cash, and a few necessar...
by prairieman
Tue May 07, 2019 9:22 am
Forum: Personal Investments
Topic: I tried to fire my financial advisor of 12 years today...
Replies: 127
Views: 14252

Re: I tried to fire my financial advisor of 12 years today...

I will recommend taking the asset allocation test that Vanguard provides to new customers. It really helped us to decide what to buy when we were in your situation. Also, we had a similar experience to yours when talking to our advisor. We held on for a bit and then transferred out without talking t...
by prairieman
Fri May 03, 2019 8:50 am
Forum: Investing - Theory, News & General
Topic: Do You Believe 10 Years Return Data Is Just Noise?
Replies: 57
Views: 3766

Re: Do You Believe 10 Years Return Data Is Just Noise?

I think what this means is simply that there is a chance you could experience a negative return over a ten year time period, but the market trend will still be up if viewed from a lifetime perspective. Whatever the case, I feel extremely fortunate to have experienced this last ten year growth period...
by prairieman
Wed May 01, 2019 12:29 pm
Forum: Personal Finance (Not Investing)
Topic: Has anyone down-shifted in their career?
Replies: 59
Views: 7414

Re: Has anyone down-shifted in their career?

I had similar thoughts during my career but never acted on them. I was either all-in or not-at-all. The worst part of backing off was the thought of having someone else in my position and me having to cooperate with them! It just would not have worked. I had trouble enough already staying within the...
by prairieman
Thu Apr 11, 2019 8:02 pm
Forum: Personal Finance (Not Investing)
Topic: Paying Estimated Taxes in Retirement
Replies: 31
Views: 3293

Re: Paying Estimated Taxes in Retirement

I estimated way too low and accidentally missed a payment. I was worried but don’t care anymore because the only thing that happened was a small insignificant penalty. I’m sure I came out way ahead.
by prairieman
Sat Mar 30, 2019 7:46 pm
Forum: Investing - Theory, News & General
Topic: Indexing beats Wellington and Wellesley right?
Replies: 101
Views: 16995

Re: Indexing beats Wellington and Wellesley right?

I have some of each (W & W) and a few others. Perhaps it is irrational, but I prefer not to have all eggs in only one (or three) basket(s). I still worry that indexing could some day ["face the facts" --admin LadyGeek] and, although I hope that day never comes, having some money in well-respected lo...
by prairieman
Sat Mar 30, 2019 6:13 pm
Forum: Personal Finance (Not Investing)
Topic: How often do you check your net worth?
Replies: 257
Views: 15546

Re: How often do you check your net worth?

I check account balances almost nightly, more as an extra measure of security than wanting to know our net worth. If someone gains access to our accounts, I want to get on top of it right away. I can closely approximate our net worth at any given moment just by remembering the previous night’s balan...
by prairieman
Fri Mar 29, 2019 7:56 pm
Forum: Investing - Theory, News & General
Topic: Dave Ramsey's Advice - Evaluated with Actual Returns from His Company's 401K
Replies: 101
Views: 13615

Re: Dave Ramsey's Advice - Evaluated with Actual Returns from His Company's 401K

I like listening to the Dave Ramsey show for all the success stories. I do also like Dave at times and if he likes managed funds, so be it. Where I take issue with Dave is when he becomes bully Dave. It is not all the time, but often enough to make me scratch my head. There are times Dave has reall...
by prairieman
Tue Mar 19, 2019 8:24 pm
Forum: Personal Consumer Issues
Topic: Slow cooker vs Instant pot........
Replies: 62
Views: 4502

Re: Slow cooker vs Instant pot........

We use both. Instant pot is great for rice, beans, steel cut oats, squash, and stew. I’d say we use it about once or twice per week. We threw out our rice maker.
by prairieman
Sun Mar 17, 2019 6:20 pm
Forum: Personal Consumer Issues
Topic: Lawn care schedule
Replies: 73
Views: 6729

Re: Lawn care schedule

Proper mowing is by far the most important thing. It's been mentioned a few times above but cannot be emphasized enough. For a northern lawn, that means using the HIGHEST SETTING ON YOUR MOWER. That will be somewhere around 3.5" or (ideally) 4". A taller lawn also has a side benefit of not needing ...
by prairieman
Sun Mar 17, 2019 6:09 pm
Forum: Personal Finance (Not Investing)
Topic: Should you buy term life before you need it?
Replies: 25
Views: 1822

Re: Should you buy term life before you need it?

We never bought life insurance, not even after the kids were born. Yes it would have been bad, but we always lived below our means, had parents who would likely step in, and had a decent emergency fund built up before deciding to have kids.
by prairieman
Sat Mar 16, 2019 12:46 pm
Forum: Personal Finance (Not Investing)
Topic: Amica hiked my insurance, thoughts on alternatives?
Replies: 48
Views: 4193

Re: Amica hiked my insurance, thoughts on alternatives?

I’m glad this thread was started. I have been thinking of leaving Allstate because I feel like I must somehow be paying for their unbelievable number of commercials. Ironically, the first company I was going to call is Amica which had good ratings for price and customer satisfaction.
by prairieman
Sun Mar 10, 2019 5:59 pm
Forum: Personal Finance (Not Investing)
Topic: Car is likely totaled, not at fault. Negotiate?
Replies: 31
Views: 2011

Re: Car is likely totaled, not at fault. Negotiate?

I had no collision insurance on an old reliable car that was totaled and I wound up sueing the other car’s owner in small claims court. The money was not as important to me as proving that the accident was caused by the other party. I won and the judge awarded me my estimated value plus car rental (...
by prairieman
Sat Mar 09, 2019 10:31 pm
Forum: Personal Consumer Issues
Topic: If you have a serious health problem, do you retire or?
Replies: 50
Views: 6743

Re: If you have a serious health problem, do you retire or?

Health concern (cancer) was part of the reason I retired early. Interestingly, though, my former boss (from long ago) who is ten years older than me has similarly bad health problems but continues to keep working. He told me his work is his life. To each his own. I’ll admit that work became my life ...
by prairieman
Thu Mar 07, 2019 5:57 pm
Forum: Personal Finance (Not Investing)
Topic: What Are the Actual Fees and Fee Types at Edward Jones?
Replies: 7
Views: 1398

Re: What Are the Actual Fees and Fee Types at Edward Jones?

Besides those fees there are intangible other costs associated with, for example, the higher costs of (or more time) doing your taxes. This was true for us when we inherited an EJ account. I had to do final taxes for the deceased and then inherited the headache the next two years before transferring...
by prairieman
Mon Mar 04, 2019 6:01 pm
Forum: Personal Consumer Issues
Topic: Why do you live where you live?
Replies: 134
Views: 9238

Re: Why do you live where you live?

Upper Midwest: I live about six miles from where I grew up. LCOL, family, lifetime friends, hiking and skiing trails right outside our front door, and a great health care system keep us here. I love having four seasons, but winters could be shorter. After retirement we’ve been shortening winters by ...
by prairieman
Thu Feb 28, 2019 1:12 pm
Forum: Personal Finance (Not Investing)
Topic: If you currently or are planning to spend over $120k/year in retirement, what is your projected budget?
Replies: 196
Views: 15102

Re: If you currently or are planning to spend over $120k/year in retirement, what is your projected budget?

I didn’t read the other responses, but will say we went from about 40k per year to around 120k per year after retirement two years ago: Travel in the US and overseas, paying for our own medical insurance, and major home improvements are the difference. With pension and investments we should be fine ...
by prairieman
Wed Feb 27, 2019 10:40 pm
Forum: Personal Consumer Issues
Topic: Financial solicitation by my doctor
Replies: 71
Views: 8696

Re: Financial solicitation by my doctor

I also received similar documents from one of my specialty doctors. It didn’t bother me in the least. He is doing top quality research on my rare condition and I thought of it more as an ad to keep me coming back rather than a solicitation for money. But, who knows? Maybe a recipient or two have $10...
by prairieman
Wed Feb 27, 2019 8:37 pm
Forum: Personal Consumer Issues
Topic: How often do you and your friends change engine oil?
Replies: 167
Views: 8613

Re: How often do you and your friends change engine oil?

Once per year for two of our vehicles, less often for our third vehicle which we hardly drive and which has an indicator that says the oil is still good after a year.
by prairieman
Sun Feb 10, 2019 10:11 pm
Forum: Personal Finance (Not Investing)
Topic: "Living comfortably in retirement"
Replies: 71
Views: 9244

Re: "Living comfortably in retirement"

Like most, it means to me doing what I like without worrying about finances or health issues. My brother who is nearing retirement assumed I was “on a fixed budget” and had to “watch every penny” now. I didn’t say anything, but thought that must be what he’s going to be doing. That does not sound co...
by prairieman
Thu Jan 31, 2019 7:00 pm
Forum: Personal Finance (Not Investing)
Topic: Giving a house to a child?
Replies: 5
Views: 749

Re: Giving a house to a child?

I think you might just need to fill out IRS Form 709 - which would defer paying any tax on it until you die. Then it would count as part of their inheritance, and your estate would pay estate tax, if any, on that amount added to your existing estate. The part I don’t know relates to whether real est...
by prairieman
Thu Jan 31, 2019 6:26 pm
Forum: Personal Consumer Issues
Topic: Letting Dog out everyday for lunch... the roundtrip drive is killing me.. ideas?
Replies: 155
Views: 11294

Re: Letting Dog out everyday for lunch... the roundtrip drive is killing me.. ideas?

Owned two dogs that totally loved us despite the fact that we left them at home and alone for 8-10 hrs every weekday. They very rarely had accidents and only when very young, sick, or very old.
by prairieman
Wed Jan 30, 2019 6:34 pm
Forum: Personal Investments
Topic: What would you do with 100k inheritance.....
Replies: 17
Views: 1895

Re: What would you do with 100k inheritance.....

This is very interesting to me as I have a sister who could well be in the same position sometime in the next decade or so. Because she is meeting expenses now, I would put her entire inheritance into a target retirement fund and let her pick the date of retirement. I would stress the importance of ...
by prairieman
Sun Jan 27, 2019 7:04 pm
Forum: Investing - Theory, News & General
Topic: For young investors not yet seen a bear market or recession. How do you truly know your risk tolerance and plan for it?
Replies: 103
Views: 6819

Re: For young investors not yet seen a bear market or recession. How do you truly know your risk tolerance and plan for

We were lucky enough to experience the dot com bubble when we didn’t have much. It hurt like hell then, but changed us permanently - probably for the better. There was a period in time when I felt vulnerable to being put out on the street. My career was dependent on research grants, and I came withi...
by prairieman
Wed Jan 23, 2019 9:11 pm
Forum: Personal Consumer Issues
Topic: What lifestyle creep made you happier?
Replies: 412
Views: 45571

Re: What lifestyle creep made you happier?

Paying for a snow-plowing service. I love coming down in the morning after a snowstorm and seeing my driveway and sidewalks already clean!