Search found 430 matches

by rich126
Sat May 25, 2019 2:48 pm
Forum: Personal Finance (Not Investing)
Topic: Basement flooded, insurance not wanting pay
Replies: 11
Views: 1465

Re: Basement flooded, insurance not wanting pay

Sorry. Water is a frustrating thing. I've had issues in the past. That is one reason why I would never finish a basement, eventually most of them have water issues. I live on the side of a hill and if the water gets to the side of the house it will easily flow down the hill. I've had issues with the...
by rich126
Sat May 25, 2019 2:43 pm
Forum: Investing - Theory, News & General
Topic: Is the housing market starting to collapse?
Replies: 115
Views: 10092

Re: Is the housing market starting to collapse?

I'm most familiar with Maryland and Arizona. Both markets are very strong in the popular locations. Arizona seems almost too strong again. I was out there where a house (Scottsdale, nice areas) went from $300K to nearly $700K and back to $300K from 2003 to 20011. Now it is back over $500K with a ver...
by rich126
Sat May 25, 2019 2:30 pm
Forum: Personal Consumer Issues
Topic: Finally broke down and bought a new ipad....
Replies: 16
Views: 1511

Re: Finally broke down and bought a new ipad....

In the past I had two laptops (a Dell and then an Apple) but I've moved to an ipad and a 27" iMac (and also a Windows 10 machine that I rarely use). In my case I don't need a computer when I travel. So in bed or while traveling I use my ipad to read stuff, check email, watching netflix/amazon, etc. ...
by rich126
Sat May 25, 2019 2:26 pm
Forum: Personal Consumer Issues
Topic: London / UK Summer Trip
Replies: 26
Views: 1178

Re: London / UK Summer Trip

I don't think I've ever been there in the summer. A number of work trips and the last vacation was a while ago in late April. We stayed at The Nadler Kensington 25 Courtfield Gardens, London, SW5 0PG It was in a quiet, safe neighborhood with a very short walk to Earls Court station. The room was ver...
by rich126
Fri May 24, 2019 6:54 am
Forum: Personal Finance (Not Investing)
Topic: Are there unique benefits to Amex or Discover cards?
Replies: 21
Views: 1844

Re: Are there unique benefits to Amex or Discover cards?

American Express has the best customer service of any credit card I have ever had. Wow. I've never seen anything close to that in my experiences. The only card I would have said had great service was the Chase Sapphire card when it first came out since a human would actually answer the call and thi...
by rich126
Thu May 23, 2019 7:33 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage almost paid off
Replies: 31
Views: 3179

Re: Mortgage almost paid off

I've always been on the fence as to whether it is a good idea for most people to pay off a mortgage but I'm sure the relief of not having one is great. And to, kind of, contradict myself, my house will likely be paid off in about 24 months (about 2 years prior to retirement).
by rich126
Thu May 23, 2019 7:26 am
Forum: Personal Consumer Issues
Topic: Is Tesla Going To Survive?
Replies: 99
Views: 6515

Re: Is Tesla Going To Survive?

There was the story about Apple supposedly wanting to buy Tesla a while ago but they would only do so if Musk was removed which killed any potential deal. https://www.cnbc.com/2019/05/21/apple-bid-to-buy-tesla-in-2013-for-240-a-share-analyst-says.html Not sure if I believe that. And it seems like Te...
by rich126
Wed May 22, 2019 12:01 pm
Forum: Personal Investments
Topic: Federal Gov't Early Retirement?
Replies: 45
Views: 3501

Re: Federal Gov't Early Retirement?

And please do your own homework and check with your own HR people and not trust strangers on the internet. The intent is to be accurate but typos and misunderstandings occur all the time. I'm just aware of this stuff because I left the government after 15 years, came back after being away for 13 yea...
by rich126
Wed May 22, 2019 11:50 am
Forum: Personal Finance (Not Investing)
Topic: Why Do Homeowners Have Higher Net Worths than Renters?
Replies: 30
Views: 2346

Re: Why Do Homeowners Have Higher Net Worths than Renters?

Also, as you pay off a mortgage, equity is built in the house which adds to your net worth. You don't get that with renting. Yes, obviously, this is true. However, in general, mortgage payments are higher than rent payments. Someone could alternatively pay rent, and invest the difference, therefore...
by rich126
Tue May 21, 2019 9:16 pm
Forum: Personal Investments
Topic: Federal Gov't Early Retirement?
Replies: 45
Views: 3501

Re: Federal Gov't Early Retirement?

If you do some Googling all of this info is online. I’m leaving at 56 with 21 years so I can either take an immediate pension but permanently reduced by 30% or do a postponed retirement. In the latter case I don’t receive anything until 60 and then get my pension and also regain my health insurance....
by rich126
Tue May 21, 2019 12:27 pm
Forum: Investing - Theory, News & General
Topic: Delaying social security = harming nest egg?
Replies: 71
Views: 5377

Re: Delaying social security = harming nest egg?

I do find some arguments here (this web site) often in contradiction. For example what is one of the arguments against an annuity? People often state that you give up your money to an insurance company and you may die quickly and the insurance money pockets your money (unless you get some kind of gu...
by rich126
Tue May 21, 2019 7:06 am
Forum: Personal Consumer Issues
Topic: Getting Ready for Windows 10
Replies: 28
Views: 1918

Re: Getting Ready for Windows 10

My brother was just asking about buying a new computer. Unfortunately I don't have the links or I'd post them. There are some stories online about which systems have less bloatware. Although I've used computers for 40 years (way back with the old Radio Shack TRS-80 computers) and spent more time tha...
by rich126
Sun May 19, 2019 8:25 am
Forum: Personal Investments
Topic: Income Streams
Replies: 5
Views: 1425

Re: Income Streams

Expenses: $75,000 Income from pensions/S.S. at age 67: $102,000 Savings: $1,200,000 Retire at 60 and get $28,000 so only need $47,000 to bridge gap for 2 years. After 2 years you need $8,000 per year for 5 more years, then savings is superfluous. $1,200,000 can give you $47,000 per year for 25 year...
by rich126
Sun May 19, 2019 12:17 am
Forum: Personal Finance (Not Investing)
Topic: remodeling costs in san francisco
Replies: 27
Views: 2537

Re: remodeling costs in san francisco

Unless you have money to burn I wouldn’t use a designer firm. Either you or with help from someone who is good with colors pick out what you wantin tile, flooring, toilet, paint, hardware, and then have a contractor do the install. You’ll save money. Designers add money to your costs. They seem to u...
by rich126
Sat May 18, 2019 5:13 pm
Forum: Personal Investments
Topic: Income Streams
Replies: 5
Views: 1425

Income Streams

Not sure how to title this but the short story is that I think we will have plenty of income at 67+ but may need to use a higher swr from 60 to 67 or at least from 60 to 62. Us: Assume married couple same age 56 Retire at 60 with federal health insurance Pensions $28,000 COLA at 60 $35,000 no COLA a...
by rich126
Sat May 18, 2019 11:09 am
Forum: Personal Finance (Not Investing)
Topic: New Job vs. Current Job
Replies: 7
Views: 981

Re: New Job vs. Current Job

This has turned into my most, non-medical, stressful decision in my life. My father and my brother and his family, especially my 15 yr old nephew, wants me to stay. Obviously my girlfriend wants me in AZ but she would never pressure me. Unfortunately she can’t move east due to helping take care of h...
by rich126
Fri May 17, 2019 4:11 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 10846
Views: 1893067

Re: U.S. stocks in free fall

Where are all the TSLA bulls? HAHAHAHA!! I was often criticized for shorting TSLA, but it's the best investment I ever made. I could cover my position and buy a nice beach house right now. The problem with shorting stocks is that you can be ultimately right but run out of money as it continues to r...
by rich126
Thu May 16, 2019 6:01 pm
Forum: Personal Finance (Not Investing)
Topic: Selling home- Demanding Buyer (Repairs)
Replies: 111
Views: 8306

Re: Selling home- Demanding Buyer (Repairs)

Are you sure this is the last possible “ask” from the buyer? If not, then whatever you agree to, I would demand the buyer sign something that they will now take the property as is in order to avoid constant “asks”. I once had an annoying buyer that I was shielded from by my agent. To pacify them he ...
by rich126
Wed May 15, 2019 10:07 am
Forum: Personal Finance (Not Investing)
Topic: Do you reward yourself for achieving a financial goal?
Replies: 107
Views: 6387

Re: Do you reward yourself for achieving a financial goal?

Would you penalize yourself if your investments drop 30% after reaching a milestone? I do think too many people obsess over getting to a number or FIRE and don’t enjoy the ride there. Sadly medical events can happen at any time so you should enjoy your money while you can within responsibly limits. ...
by rich126
Tue May 14, 2019 10:51 am
Forum: Personal Finance (Not Investing)
Topic: Inherited ranch
Replies: 97
Views: 7818

Re: Inherited ranch

Over time I’ve come to dislike the word tradition. Often it is used as an excuse to continue something that should have ended a long time ago.

I’m definitely of the opinion you don’t mix family and money.
by rich126
Thu May 09, 2019 9:16 am
Forum: Personal Investments
Topic: When will mortgage lender count my rental income?
Replies: 13
Views: 1077

Re: When will mortgage lender count my rental income?

That is a much larger # than I deal with. In my case, as long as I had a valid rental contract, they counted it for me when I purchased a second home (I was renting out my first house due to a relocation).

Some lenders wait a couple of years before counting it.
by rich126
Wed May 08, 2019 9:24 am
Forum: Personal Consumer Issues
Topic: Goodman HVAC System
Replies: 21
Views: 1936

Re: Goodman HVAC System

This article talks about brands and values. https://asm-air.com/airconditioning/top-10-air-conditioner-brands/ They mention: Day and Night is made by United Technologies, who also makes Carrier (plus Bryant, and Payne), they use the same internal components, including an Aspen coil, and we were told...
by rich126
Tue May 07, 2019 7:24 am
Forum: Personal Investments
Topic: I tried to fire my financial advisor of 12 years today...
Replies: 127
Views: 13262

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

I've always tried to keep business and friends/family separate. It makes things easier when you have to move on from a company/person. I've heard too often "But he is a good guy", "He is a family friend", etc. That is no reason to use them for business. I briefly used one investment person (he charg...
by rich126
Mon May 06, 2019 1:23 pm
Forum: Personal Finance (Not Investing)
Topic: Educational pathway(s) for future engineer
Replies: 89
Views: 3731

Re: Educational pathway(s) for future engineer

While I think a school is important, it is also how you study. Also while schools can open doors, the best companies will quiz you on a variety of topics and see how you think. You aren't going to be given a job at Google just because you went to a certain school, you still will need to show that yo...
by rich126
Mon May 06, 2019 8:50 am
Forum: Personal Finance (Not Investing)
Topic: New Job vs. Current Job
Replies: 7
Views: 981

Re: New Job vs. Current Job

Thanks for the comments. The pension is a federal pension, so yes it is COLA. Also if I leave now, the health insurance is covered at age 60. I fall into the "Postponed" federal retirement category, and not the deferred category. The big difference is that at my retirement age (in my case it is 60, ...
by rich126
Mon May 06, 2019 7:28 am
Forum: Personal Finance (Not Investing)
Topic: New Job vs. Current Job
Replies: 7
Views: 981

New Job vs. Current Job

[merged additional from a duplicate post into this OP - moderator prudent] I've been offered a job to go to my preferred location and work for a company that I previously worked for (left there in 2011). While I've accepted the position, I haven't given noticed to my current job but I need to do th...
by rich126
Mon May 06, 2019 7:11 am
Forum: Personal Consumer Issues
Topic: ants - aargh
Replies: 69
Views: 3901

Re: ants - aargh

livesoft wrote:
Mon May 06, 2019 5:21 am
Ants are a perennial topic on this forum.
viewtopic.php?t=72603
Terro.
A pest control guy once told me ants are tough to deal with.
by rich126
Fri May 03, 2019 7:54 pm
Forum: Personal Finance (Not Investing)
Topic: Move to South Florida or Baltimore?
Replies: 29
Views: 2829

Re: Move to South Florida or Baltimore?

As the previous poster mentioned Howard County would be the clear choice. Schools, safety, housing, etc are top notch. I’m currently in Ellicott City.
by rich126
Fri May 03, 2019 10:37 am
Forum: Investing - Theory, News & General
Topic: Berkshire buying stake in Amazon - my opinion
Replies: 55
Views: 5783

Re: Berkshire buying stake in Amazon - my opinion

BRK has been investing in more and more "non-standard" (for them) companies. Airlines, Apple, and now Amazon. I have a bunch of BRK stock and it has done quite well for me but the recent investments do cause me to rethink things and possibly trim my holdings a bit in the future. I'm not saying it is...
by rich126
Tue Apr 30, 2019 9:58 pm
Forum: Personal Consumer Issues
Topic: 4 Gorgeous Beach Towns Where You Can Comfortably Retire on $40,000 a Year
Replies: 55
Views: 7872

Re: 4 Gorgeous Beach Towns Where You Can Comfortably Retire on $40,000 a Year

I don't get the obsession with beach towns. There are so many parts of the greater Phoenix area that one can live comfortably in retirement on $40,000/year and the weather is perfect 365 days a year. I can live without going in the water -- and when I'm golfing, I prefer to stay out of it anyway. N...
by rich126
Mon Apr 29, 2019 10:39 am
Forum: Personal Investments
Topic: Buying a home w/cash vs taking a mortgage and investing
Replies: 39
Views: 4446

Re: Buying a home w/cash vs taking a mortgage and investing

As someone else mentioned, it depends. Usually I'd prefer to invest it, especially if the person still has a long time to go to retirement but if someone is near/in retirement and has other investments it may be safer not to invest it. I recall talking to a coworker a few years ago where someone inv...
by rich126
Sun Apr 28, 2019 8:24 pm
Forum: Personal Finance (Not Investing)
Topic: Relocation Companies
Replies: 2
Views: 272

Re: Relocation Companies

Thanks for the comments. I did this in 2003 and didn’t like the agent given to me and suggested another agent. In that case they agreed to use him. Not sure why this time it is so difficult. I didn’t realize I could contact the hiring company to help with this issue. I only brought it up because I t...
by rich126
Sun Apr 28, 2019 2:20 pm
Forum: Personal Finance (Not Investing)
Topic: Relocation Companies
Replies: 2
Views: 272

Relocation Companies

I have an offer where the company will relocate me. My issue so far is the 3rd party company that I have to deal with regarding the sale of my house. They have already vetoed several of the high volume sellers/agents in my area. When I called one of the companies on their list, they referred me to t...
by rich126
Thu Apr 25, 2019 1:18 pm
Forum: Personal Finance (Not Investing)
Topic: KF's Worst Case Retirement Plan [KlangFool's]
Replies: 313
Views: 44150

Re: KF's Worst Case Retirement Plan [KlangFool's]

At the beginning of the thread people pointed out the obvious (which I'm sure you were already aware of) that your numbers were risky (60K expenses on 1M of savings. Unless I missed something, you are now around $1.3M which is much closer. I probably missed it, but what was your goal, $1.5M? rich12...
by rich126
Thu Apr 25, 2019 1:16 pm
Forum: Personal Investments
Topic: What to do? Sitting on the bench since October
Replies: 66
Views: 7221

Re: What to do? Sitting on the bench since October

I'm not the typical person here who just sits with an allocation and sticks with it. If, for example, I wanted to be 50/50 bonds/stocks, I'd have no problem sliding from 40/60 to 60/40 depending on the market. I doubt I would ever go all in (or all out) since you never know. I've been going to more ...
by rich126
Thu Apr 25, 2019 6:41 am
Forum: Personal Finance (Not Investing)
Topic: KF's Worst Case Retirement Plan [KlangFool's]
Replies: 313
Views: 44150

Re: KF's Worst Case Retirement Plan [KlangFool's]

At the beginning of the thread people pointed out the obvious (which I'm sure you were already aware of) that your numbers were risky (60K expenses on 1M of savings. Unless I missed something, you are now around $1.3M which is much closer. I probably missed it, but what was your goal, $1.5M?
by rich126
Wed Apr 24, 2019 7:39 pm
Forum: Personal Consumer Issues
Topic: Computer shopping
Replies: 20
Views: 1216

Re: Computer shopping

Usually the Nov/Dec time frame, typically near Black Friday.
by rich126
Wed Apr 24, 2019 1:46 pm
Forum: Personal Finance (Not Investing)
Topic: Navigating the Appraisal and Inspection as a Seller
Replies: 36
Views: 1857

Re: Navigating the Appraisal and Inspection as a Seller

If the inspection turns up anything, lean on your realtor to help you to determine what really needs to be done, what is fair. The realtor should help you with a budget and a plan to get things done. Finally, remember, you are selling a used house, its not going to be in mint condition, even though...
by rich126
Wed Apr 24, 2019 1:43 pm
Forum: Personal Finance (Not Investing)
Topic: Whats the Point of Climbing the Corporate Ladder?
Replies: 164
Views: 16833

Re: Whats the Point of Climbing the Corporate Ladder?

I think this is going to depend on the career field. As a technical person, the people that seemed most likely to get laid off when there were financial issues were the middle management. Higher up management often protect each other (within limits) and the hands on technical people are the ones tha...
by rich126
Wed Apr 24, 2019 7:39 am
Forum: Personal Consumer Issues
Topic: Pros/Cons of Condo Living?
Replies: 83
Views: 10762

Re: Pros/Cons of Condo Living?

At times a condo sounds interesting to me as I get older but my big issues are: 1. Noise 2. Maintenance of the building 3. Cleanliness of the facility I've never lived in a big city so I'm not use to dealing with those kinds of things. I've had one townhouse and the rest of the time individual homes...
by rich126
Wed Apr 24, 2019 7:32 am
Forum: Personal Finance (Not Investing)
Topic: Navigating the Appraisal and Inspection as a Seller
Replies: 36
Views: 1857

Re: Navigating the Appraisal and Inspection as a Seller

Inspections are required and usually informative. But they also review real problems and some nitpics. You have to fix them or negotiate the price to fix them. It usually is just time consuming. But sometimes issues like an old roof can be complicated when the buyer wants too much money or a new ro...
by rich126
Wed Apr 24, 2019 7:26 am
Forum: Personal Consumer Issues
Topic: Collison Damage Waiver for Car Rental in Italy
Replies: 17
Views: 924

Re: Collison Damage Waiver for Car Rental in Italy

Many years ago I went to Naples for a brief business trip and there is no way in the world I would ever agree to drive in that town. Literally car horns were going around the clock, red lights didn't mean much, lanes weren't really followed, it was a nightmare. Other parts of Italy seem better but I...
by rich126
Tue Apr 23, 2019 6:33 am
Forum: Personal Consumer Issues
Topic: Mechanic mishap - able to stop significant damage - how to avoid in future?
Replies: 59
Views: 3517

Re: Mechanic mishap - able to stop significant damage - how to avoid in future?

I'm always surprised that people take their cars to a shop right before they go on a long trip. If you want to get your car checked out, do it at least a week or so before the trip. At least that way if something goes wrong you'll be at home and not on the road forcing to rely on unknown shops and p...
by rich126
Mon Apr 22, 2019 5:17 pm
Forum: Personal Finance (Not Investing)
Topic: Can one own a Porsche 911 that is not a money pit?
Replies: 49
Views: 5058

Re: Can one own a Porsche 911 that is not a money pit?

My concern is that things can happen and you will be out of money. For example, I had a 5 year old car that I was planning to keep for a good 10 years but one day driving home traffic on the highway suddenly stopped and the guy behind me (I think he merged over when we had briefly picked up speed an...
by rich126
Mon Apr 22, 2019 12:14 pm
Forum: Personal Investments
Topic: Need to sleep at night...Must rebalance!
Replies: 23
Views: 3484

Re: Need to sleep at night...Must rebalance!

There are better people here than me on understanding portfolios and giving more specific advice. One thing that I am considering more and more as I get close to retirement and am more interested in avoiding huge drops in the market is a portfolio that is more heavy in treasuries. Something like 40%...
by rich126
Sat Apr 20, 2019 9:05 am
Forum: Personal Consumer Issues
Topic: Apple MacBook Air - what to do next.
Replies: 45
Views: 2729

Re: Apple MacBook Air - what to do next.

As someone else mentioned, how do you use it? Do you keep it plugged in all the time? Do you charge it and then just unplug it until it needs recharging?

Do you travel with it?

https://support.apple.com/en-us/HT204054
by rich126
Thu Apr 18, 2019 9:02 am
Forum: Personal Finance (Not Investing)
Topic: Job Offer Evaluation - FANG
Replies: 100
Views: 9754

Re: Job Offer Evaluation - FANG

First of all, congratulations on the offer. You are at a age when it makes sense to take it, if you want to. I'm in my 50s and was surprised a FAANG company responded to a resume and did a phone interview with me. I wasn't a fit for that job (security work that was more web based than I normally do)...
by rich126
Thu Apr 18, 2019 8:56 am
Forum: Personal Consumer Issues
Topic: Home Page for Your Computer:
Replies: 17
Views: 1254

Re: Home Page for Your Computer:

Personally I'd strongly recommend against a site like Yahoo or even CNN. They have tons of advertising, many of the ads are additional connections to your computer. If you are on a Windows machine I think you can run "netstat -b" from a terminal window (or command line if you prefer) to see your net...
by rich126
Tue Apr 16, 2019 7:12 am
Forum: Personal Finance (Not Investing)
Topic: What to do with Home Sale profits?
Replies: 28
Views: 2057

Re: What to do with Home Sale profits?

I think I might take some of that and bump up the emergency funds. You don't mention (or I missed it) anything about the security of your employment. The one thought I always carry with me is that someone once told me "People are always willing to loan you money when you don't need it, but when you ...
by rich126
Tue Apr 16, 2019 7:04 am
Forum: Personal Finance (Not Investing)
Topic: Executor of Will - Selling House in Poor Condition
Replies: 84
Views: 6488

Re: Executor of Will - Selling House in Poor Condition

A while ago I got a good deal buying a house from an estate. Apparently it was originally a mess but they did go through and remove everything and did a cleaning. They made no real effort to "modernize" the house. I certainly got a good deal because they wanted a quick sale. And since then I've had ...