Search found 1442 matches

by LilyFleur
Sat Sep 19, 2020 4:44 pm
Forum: Personal Consumer Issues
Topic: OLD papers
Replies: 39
Views: 2478

Re: OLD papers

I went through my decades of accumulated paper statements last year, many of which were old enough to have social security numbers. Since recyclers tend not to like shredded paper, I tried to minimize what I shredded. I tore off the part of each page that had personal sensitive info, shredded those...
by LilyFleur
Sat Sep 19, 2020 4:21 pm
Forum: Personal Finance (Not Investing)
Topic: Reason not to rent out your old house?
Replies: 27
Views: 1840

Re: Reason not to rent out your old house?

It’s 2 out of the last 5, but your point is still valid. Also, how many people can qualify for two mortgages? We did, and right after the GFC when the banks had REALLY tightened things up. But I can assure you that there have been times when it has been personally very stressful. I will be glad in ...
by LilyFleur
Sat Sep 19, 2020 3:52 pm
Forum: Personal Investments
Topic: Losing Money with Index Funds
Replies: 108
Views: 6907

Re: Losing Money with Index Funds

For now, keep saving. Good job on getting started! Coming to the best strategy for withdrawing from your savings in retirement is a process of examining complex factors. I'm 60, and retired, and read this forum a lot for more information on how to make my money last while still enjoying life in reti...
by LilyFleur
Sat Sep 19, 2020 2:54 pm
Forum: Personal Consumer Issues
Topic: Best Way to Watch British Mystery Shows
Replies: 86
Views: 6805

Re: Best Way to Watch British Mystery Shows

Great to see the thread is still going. I have had a few months now since my original post to delve into more shows. Foyle's War is still my favorite. I was able to watch Endeavour (season 7) by using a free PBS Passport trial on Amazon Prime. I like it and will try to find time settle down and rea...
by LilyFleur
Sat Sep 19, 2020 2:45 pm
Forum: Personal Consumer Issues
Topic: Anybody else enjoy sitting around and doing little in retirement?
Replies: 106
Views: 13853

Re: Anybody else enjoy sitting around and doing little in retirement?

I grew up with parents who felt there is always something else to do, and if I didn't have something to do, they could find a task. That led to a strong focus on following through with commitments that became obsessive at times as the goal was to finish so that I could relax. In retirement, others ...
by LilyFleur
Sat Sep 19, 2020 2:34 pm
Forum: Personal Consumer Issues
Topic: OLD papers
Replies: 39
Views: 2478

Re: OLD papers

Life is too short to worry much about very low probability events. You are probably more likely to die in an auto accident yet you probably still drive. It's not low probability if you toss mail every day. It's low probability * 365 (or how many days we get mail (365-52 Sundays-10 holidays?)). If y...
by LilyFleur
Sat Sep 19, 2020 2:32 pm
Forum: Personal Consumer Issues
Topic: OLD papers
Replies: 39
Views: 2478

Re: OLD papers

Buy a cross-cut shredder, especially if you get medical or financial statements by mail. We use ours every week. I got a nice cross-cut shredder from Costco earlier this year; it is small enough to fit easily in my walk-in closet. I had been taking bags of stuff to be shredded to Copies for Less an...
by LilyFleur
Sat Sep 19, 2020 2:21 pm
Forum: Personal Consumer Issues
Topic: Ring for a new girlfriend
Replies: 83
Views: 5286

Re: Ring for a new girlfriend

just talk to her about it. I had a boyfriend (and this was in our 50s) ask me if he could get me a "promise ring." I responded that I would rather see if there was going to be an engagement ring in the future but I didn't want a ring yet. He was generous with gifts--things for my house (dishwasher, ...
by LilyFleur
Thu Sep 17, 2020 6:12 pm
Forum: Personal Consumer Issues
Topic: Is it worth to relocate for retirement?
Replies: 140
Views: 12898

Re: Is it worth to relocate for retirement?

All these mentions of what folks are paying in property tax has made me jealous! I pay $14k/year here in Calif and that is with the increases capped due to prop. 13. We've been in this house for ~20 years, but someone moving in now would pay even more. It was a bit more bearable before SALT went aw...
by LilyFleur
Wed Sep 16, 2020 11:32 pm
Forum: Personal Consumer Issues
Topic: Is it worth to relocate for retirement?
Replies: 140
Views: 12898

Re: Is it worth to relocate for retirement?

All these mentions of what folks are paying in property tax has made me jealous! I pay $14k/year here in Calif and that is with the increases capped due to prop. 13. We've been in this house for ~20 years, but someone moving in now would pay even more. It was a bit more bearable before SALT went aw...
by LilyFleur
Wed Sep 16, 2020 8:00 pm
Forum: Personal Finance (Not Investing)
Topic: Preparing for retirement in mid 30s
Replies: 302
Views: 17740

Re: Preparing for retirement in mid 30s

My only recommendation would be to buy a small house in cash to limit risk of rent increases. You can easily have a 3/2 1500 sqft for $150,000 in the Midwest/South. Yes, I am seriously considering this. It will require working several more years, but it means my family will not be beholden to landl...
by LilyFleur
Wed Sep 16, 2020 7:44 pm
Forum: Personal Consumer Issues
Topic: Tiffany Quality
Replies: 35
Views: 2611

Re: Tiffany Quality

We had no fights in the family about splitting up Grandma's china and crystal, no one wanted it. The Le Creuset dutch oven and the Kitchenaid stand mixer we had to draw straws for, and all the 20-something and 30-somethings were interested. This. But, ask them what they want if you care about pleas...
by LilyFleur
Wed Sep 16, 2020 7:39 pm
Forum: Personal Consumer Issues
Topic: Is it worth to relocate for retirement?
Replies: 140
Views: 12898

Re: Is it worth to relocate for retirement?

All these mentions of what folks are paying in property tax has made me jealous! I pay $14k/year here in Calif and that is with the increases capped due to prop. 13. We've been in this house for ~20 years, but someone moving in now would pay even more. It was a bit more bearable before SALT went aw...
by LilyFleur
Wed Sep 16, 2020 7:14 pm
Forum: Personal Investments
Topic: Throwing In The Towel on Portfolio Management
Replies: 50
Views: 5606

Re: Throwing In The Towel on Portfolio Management

About two years ago, I thought it would be a brilliant, streamlined move to put a lot of money in a balanced index fund in my 401k. It drove me crazy. I like to be able to see the moving parts and what they are doing. Now I have the money in a bond index fund, an S&P 500 fund and a stable value fund...
by LilyFleur
Wed Sep 16, 2020 3:43 pm
Forum: Personal Investments
Topic: Taxable investment account
Replies: 7
Views: 596

Re: Taxable investment account

I hold SCHB and SCHD in taxable. SCHD should go in Roth or other tax advantaged account. Those dividends are taxable. I use SCHD, SCHB, and SCHZ in my HSA. They are not available in my Roth. Under ERISA rules, my Roth 401k is better protected from creditors than if I rolled it over to a Roth IRA, s...
by LilyFleur
Wed Sep 16, 2020 3:22 pm
Forum: Personal Consumer Issues
Topic: Is it worth to relocate for retirement?
Replies: 140
Views: 12898

Re: Is it worth to relocate for retirement?

Savings would come from being able to buy a comparable home for about 20%-30% less, and either significantly lower property taxes (in some cases 70%-80% less) with a similar or lower state tax or a higher property tax (still 40-50% less) and no state tax. Here is my problem. After decades of sacrif...
by LilyFleur
Wed Sep 16, 2020 3:12 pm
Forum: Personal Investments
Topic: Taxable investment account
Replies: 7
Views: 596

Re: Taxable investment account

I hold SCHB and SCHD in taxable.
by LilyFleur
Tue Sep 15, 2020 3:06 am
Forum: US Chapters
Topic: How many bogleheads do you know in real life?
Replies: 165
Views: 15120

Re: How many bogleheads do you know in real life?

Only one. I’ve got an uncomfortably frugal friend that pays an AUM fee. I’ve got another friend that seems to get the ideas: no AUM, low ERs, active funds can’t on average beat the market. His conclusion is that you have to switch between active funds to pick the winners, and he pays a fee-based ad...
by LilyFleur
Tue Sep 15, 2020 2:55 am
Forum: Personal Finance (Not Investing)
Topic: Continuing Care Retirement Community Entrance Fee
Replies: 106
Views: 7265

Re: Continuing Care Retirement Community Entrance Fee

CCRCs are Ponzi schemes. New entry fees go to support existing residents. There is seldom any leeway if occupancy levels fall because of something like this virus. We are on list for well respected ccrc but even before the pandemic its largest asset was goodwill which has no $$value. So you are at ...
by LilyFleur
Tue Sep 15, 2020 2:32 am
Forum: Personal Finance (Not Investing)
Topic: Payable on Death (POD/TOD) for short term accounts
Replies: 7
Views: 638

Re: Payable on Death (POD/TOD) for short term accounts

...Any idea why it is not routinely included as an optional part of the application process for most kinds of personal accounts?... The main reason I think it's not a routine part of the application process is because it could be a bottleneck or showstopper that could cause some customers to stop a...
by LilyFleur
Tue Sep 15, 2020 2:23 am
Forum: Personal Investments
Topic: Preparation for the last chapter without you
Replies: 11
Views: 1748

Re: Preparation for the last chapter without you

I think the wild card is how a new widow who is very vulnerable in her grief would respond to someone from church or another trusted institution coming alongside her to help her manage her money. I think women in very traditional marriages who have never managed money are particularly vulnerable. If...
by LilyFleur
Tue Sep 15, 2020 12:39 am
Forum: Personal Investments
Topic: Anyone successfully living off dividends & interest?
Replies: 203
Views: 18523

Re: Anyone successfully living off dividends & interest?

I usually associate HNW with successful high earners such as medical doctors. HNW means from around $10MM. Very few doctors meet this criterion. (I'm a doctor.) Engineers' (stretch) goal is $5MM and $10MM for doctors. There are two things in favor of medical doctors, higher earnings and (far) more ...
by LilyFleur
Mon Sep 14, 2020 4:58 pm
Forum: Personal Finance (Not Investing)
Topic: Financial Elder Abuse/Neglect/Inheritance Theft - lawsuit or mediation?
Replies: 71
Views: 5758

Re: Financial Elder Abuse/Neglect/Inheritance Theft - lawsuit or mediation?

Condolences on the loss of your father, and sympathy for what you are now dealing with. The situation is rotten. Been there, done that with my mother's SS (surviving spouse). His shenanigans included: - a couple of forged signatures, one on the day she died ... We once contested a Will on the groun...
by LilyFleur
Mon Sep 14, 2020 4:52 pm
Forum: Personal Finance (Not Investing)
Topic: Financial Elder Abuse/Neglect/Inheritance Theft - lawsuit or mediation?
Replies: 71
Views: 5758

Re: Financial Elder Abuse/Neglect/Inheritance Theft - lawsuit or mediation?

Condolences on the loss of your father, and sympathy for what you are now dealing with. The situation is rotten. Been there, done that with my mother's SS (surviving spouse). His shenanigans included: - a couple of forged signatures, one on the day she died - not telling me when she went to hospice...
by LilyFleur
Mon Sep 14, 2020 4:39 pm
Forum: Personal Finance (Not Investing)
Topic: Financial Elder Abuse/Neglect/Inheritance Theft - lawsuit or mediation?
Replies: 71
Views: 5758

Re: Financial Elder Abuse/Neglect/Inheritance Theft - lawsuit or mediation?

I meant to ask you, does your sibling give you an accounting? I made the request almost two months ago, and still haven't received any bank statements. They have given me an "accounting" supposedly every year -- but it has always been of questionable value and questionable accuracy. I had challenge...
by LilyFleur
Mon Sep 14, 2020 4:20 pm
Forum: Personal Finance (Not Investing)
Topic: Financial Elder Abuse/Neglect/Inheritance Theft - lawsuit or mediation?
Replies: 71
Views: 5758

Re: Financial Elder Abuse/Neglect/Inheritance Theft - lawsuit or mediation?

OMG! No advice, but if misery loves company, it happened to my former neighbor. According to him, a young female caregiver became the only heir of his partly senile father’s estate. I think they decided the cost to contest was greater than the estate was worth, but I never brought it up again. My n...
by LilyFleur
Mon Sep 14, 2020 4:10 pm
Forum: Personal Consumer Issues
Topic: Caretaker for parents?
Replies: 45
Views: 2643

Re: Caretaker for parents?

I've told my kids I want to remain in my home as long as possible but I've asked them to install cameras when it gets to that point so they can keep an eye on the caretakers. One (the one who is bad with money) said they will move in with me if I need that. As I wrote that sentence, I am wondering h...
by LilyFleur
Mon Sep 14, 2020 4:02 pm
Forum: Personal Investments
Topic: 401k caveat
Replies: 18
Views: 1486

Re: 401k caveat

Personally, I would put zero into company stock in a 401k. I personally know people who worked at Polaroid and lost everything, doing exactly that but with far more % than you're talking about. I also have RSUs and ESPP at my current employer and won't hold a dollar in their stock any longer than i...
by LilyFleur
Mon Sep 07, 2020 5:32 pm
Forum: Personal Consumer Issues
Topic: Do you have a lot of "actions" in your retirement life?
Replies: 68
Views: 7308

Re: Do you have a lot of "actions" in your retirement life?

You are right. Keeping life interesting for a few decades is not an easy task. Absolutely. This reminds me of what I've seen some people do... Not my thing, and I'm not endorsing it, but it shows you to what extent some will go to keep it going. I've known a few very financially successful men who ...
by LilyFleur
Mon Sep 07, 2020 5:18 pm
Forum: Investing - Theory, News & General
Topic: How do Bogleheads cope with FOMO? [Fear Of Missing Out]
Replies: 97
Views: 7365

Re: How do Bogleheads cope with FOMO?

That is what my play money allocation is for! Exactly. I bought about $10,000 of Apple on a dip last week, and then did a back-of-the-envelope calculation to see how much Apple I own in my various index funds. Including the 10k I bought last week, I own a bit more than $50k in Apple. But by classif...
by LilyFleur
Mon Sep 07, 2020 5:07 pm
Forum: Personal Investments
Topic: Does it ever make sense to wait to sell a large stock holding instead of immediately diversifying?
Replies: 40
Views: 1705

Re: Does it ever make sense to wait to sell a large stock holding instead of immediately diversifying?

Perhaps you may want to consider dividend-paying index funds. VYM, VPU, and SCHD come to mind. My most recent research at Schwab indicated that SCHD was a buy, so I put in a stop limit order for it and bought it on a dip last week. Schwab has great research tools; I like doing a comparison on ETFs, ...
by LilyFleur
Fri Sep 04, 2020 3:30 pm
Forum: Personal Consumer Issues
Topic: Personal spreadsheet for college decisions
Replies: 9
Views: 856

Re: Personal spreadsheet for college decisions

Hard to get into is good, and that school's name will always be on the resume.

My son's boss loves to say this to his clients: "I'll be bringing my associate, who graduated from Berkeley."

We had more travel costs, but being far from home helped the kid grow up :mrgreen:
by LilyFleur
Fri Sep 04, 2020 3:22 pm
Forum: Personal Investments
Topic: Looking to invest 1% of NW into high risk/high reward. QQQ? VGT? IGM?
Replies: 20
Views: 1376

Re: Looking to invest 1% of NW into high risk/high reward. QQQ? VGT? IGM?

Take at look at MGC.

Do you have an account at Schwab? Great research tools there, and you can create a watch list. MGC was a "buy" last time I looked.
by LilyFleur
Fri Sep 04, 2020 3:04 pm
Forum: Personal Investments
Topic: By what time should I place my stock buy order today?
Replies: 6
Views: 919

Re: By what time should I place my stock buy order today?

I placed a stop order and bought SCHD yesterday. It worked well--I ended up buying the dip that day. I also placed a stop limit on Apple today (play money) and bought the dip while sleeping! Not bad for someone who remembers a life without computers or cell phones :mrgreen: Thanks to all for the adv...
by LilyFleur
Fri Sep 04, 2020 2:52 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 8817
Views: 697074

Re: U.S. stocks continue to soar!

Taking a beating these last 2 days. Any bears out there buying or are you waiting for a bigger decline? I've bought, I've sold, I've laughed and I've danced so far today. LEMOI. I'm retired and did not rebalance in March. Did that yesterday, in both 401k and taxable. Did my first ever "stop limit" ...
by LilyFleur
Fri Sep 04, 2020 12:29 pm
Forum: Investing - Theory, News & General
Topic: Need Help Breaking Through a Mental Accounting Block
Replies: 25
Views: 1886

Re: Need Help Breaking Through a Mental Accounting Block

I get that this is all a giant exercise in mental accounting I had this inspiration reading your post: instead of mental accounting, why don't you double-down and try actuarial accounting? I think this goes by Liability Matching? For each of your savings goals, make a separate brokerage/retirement ...
by LilyFleur
Thu Sep 03, 2020 2:56 pm
Forum: Personal Consumer Issues
Topic: To Join a Gym or Not After 70? Type of Gym? Are Fitness Goals Achievable?
Replies: 70
Views: 4228

Re: To Join a Gym or Not After 70? Type of Gym? Are Fitness Goals Achievable?

Scooby is 60 and this is his workshop. https://scoobysworkshop.com/ my friend is 62 and she just started building muscles a little and her biceps are huge. Wow! I am going to read up on Scooby's website. I used to go to the gym faithfully but who knows when that will be available for me? I have thr...
by LilyFleur
Thu Sep 03, 2020 2:32 pm
Forum: Personal Investments
Topic: By what time should I place my stock buy order today?
Replies: 6
Views: 919

Re: By what time should I place my stock buy order today?

I ended up placing a stop order.

It will be less than 5% of my portfolio, if it goes through.

As it is in taxable, I will have the option of tax loss harvesting.

We'll see what happens.
by LilyFleur
Thu Sep 03, 2020 2:07 pm
Forum: Personal Investments
Topic: By what time should I place my stock buy order today?
Replies: 6
Views: 919

By what time should I place my stock buy order today?

Gonna buy some SCHD in taxable today at Schwab.

How many minutes before the market closes should I place my buy?

I need to rebalance with more stock and it seems like today is a good day to do that.
by LilyFleur
Thu Sep 03, 2020 12:42 pm
Forum: Investing - Theory, News & General
Topic: Moving my wife's investments to Schwab?
Replies: 64
Views: 4173

Re: Moving my wife's investments to Schwab?

Hi Sheepdog, Good job on thinking about making things easier for your wife when you go. There have been some posts here about the difficulty of dealing with Vanguard after the death of a loved one. These were fairly sophisticated investors. I don't think you would wish this difficulty for your wife....
by LilyFleur
Thu Sep 03, 2020 12:09 am
Forum: Investing - Theory, News & General
Topic: AA for taxable vs non-taxable
Replies: 41
Views: 1605

Re: AA for taxable vs non-taxable

You're young. Things happen, despite your being very focused on asset allocations by account in your 30s. Maybe when you are 50, you have sharp growth in your tax-deferred. Maybe you choose to do some tax-loss harvesting in taxable to balance an increase in earnings that year. Maybe you receive an ...
by LilyFleur
Thu Sep 03, 2020 12:07 am
Forum: Personal Finance (Not Investing)
Topic: Getting out of a recently purchased condo
Replies: 32
Views: 4992

Re: Getting out of a recently purchased condo

I am sorry you are facing this situation. I, too, live in a VHCOL area in a condo, and at times my neighbors can be really, really annoying. Especially with all of us at home 24/7 these days. The silver lining is you will take capital gains this year and most likely pay little to no taxes! As my for...
by LilyFleur
Wed Sep 02, 2020 11:58 pm
Forum: Investing - Theory, News & General
Topic: Where is the joy ? How long can this joyless ride last ?
Replies: 66
Views: 6726

Re: Where is the joy ? How long can this joyless ride last ?

Market is setting new records everyday. In normal times, this would be a joyful time but this time feels different for obvious reasons. How long can this separation between the real world and the market persist ? Can anyone justify s&p 500 and nasdaq shattering records everyday and dow getting clos...
by LilyFleur
Wed Sep 02, 2020 11:50 pm
Forum: Investing - Theory, News & General
Topic: AA for taxable vs non-taxable
Replies: 41
Views: 1605

Re: AA for taxable vs non-taxable

You're young. Things happen, despite your being very focused on asset allocations by account in your 30s. Maybe when you are 50, you have sharp growth in your tax-deferred. Maybe you choose to do some tax-loss harvesting in taxable to balance an increase in earnings that year. Maybe you receive an ...
by LilyFleur
Wed Sep 02, 2020 11:37 pm
Forum: Personal Finance (Not Investing)
Topic: Taxable Account Question?
Replies: 13
Views: 944

Re: Taxable Account Question?

Well, it also depends on what types of investments you have made in your taxable account. If you have two different stock index funds with two different capital gains, and a money market fund that paid out dividends for which you paid taxes on each year, you would have to figure out which investment...
by LilyFleur
Wed Sep 02, 2020 11:31 pm
Forum: Investing - Theory, News & General
Topic: AA for taxable vs non-taxable
Replies: 41
Views: 1605

Re: AA for taxable vs non-taxable

By the way, welcome to the forum! There are plenty of discussions here about dividends in taxable accounts. Keep in mind, also, that some high-tax states tax dividends at the regular income tax rate. REITs usually throw off taxable dividends. I always research the dividends on a stock before investi...
by LilyFleur
Wed Sep 02, 2020 11:18 pm
Forum: Investing - Theory, News & General
Topic: AA for taxable vs non-taxable
Replies: 41
Views: 1605

Re: AA for taxable vs non-taxable

You're young. Things happen, despite your being very focused on asset allocations by account in your 30s. Maybe when you are 50, you have sharp growth in your tax-deferred. Maybe you choose to do some tax-loss harvesting in taxable to balance an increase in earnings that year. Maybe you receive an i...
by LilyFleur
Wed Sep 02, 2020 5:00 pm
Forum: Personal Investments
Topic: Portfolio review: Currently feeling foolish for being a Boglehead. Help!
Replies: 53
Views: 4788

Re: Portfolio review: Currently feeling foolish for being a Boglehead. Help!

You're doing great! Maybe take some fun money and put in in the Vanguard index fund MGC. I just researched it on Schwab and it's a buy. At your age, I was aggressively invested in my company stock with a small amount in the stable value fund. I wouldn't recommend that road but it happened to work ou...
by LilyFleur
Wed Sep 02, 2020 1:50 pm
Forum: Personal Consumer Issues
Topic: Spouse: How to get REAL ID driver's license without social security card and recent job?
Replies: 77
Views: 4740

Re: Spouse: How to get REAL ID driver's license without social security card and recent job?

When your wife gets her new SS card (and when you get the new baby's birth certificate), create a file folder called "Vital Documents." Put it in the front of your filing cabinet (or file box) so you can grab it quickly in case of a fire. ALL important papers go in there. Whoever is best at this sor...