Search found 2238 matches

by dknightd
Tue Sep 15, 2020 9:10 am
Forum: Personal Finance (Not Investing)
Topic: Financial Elder Abuse/Neglect/Inheritance Theft - lawsuit or mediation?
Replies: 70
Views: 5561

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

Your story makes me want to cry. Pretty sure the 2020 amendment will be thrown out, if contested, since your dad was clearly not competent when he signed it. "I sometimes wish I went with the passionate smart woman attorney I met but she was so angry at the thief in my family, she really wanted to s...
by dknightd
Wed Sep 09, 2020 11:59 am
Forum: Personal Investments
Topic: Immediate Annuity Satisfaction or Regrets?
Replies: 66
Views: 4332

Re: Immediate Annuity Satisfaction or Regrets?

jimkinny wrote: Wed Sep 09, 2020 9:10 am If you bought an immediate annuity (SPIA) do you feel that it was worthwhile or do you feel it was a mistake?
So far so good. If I still feel the same way in 10 years I'll buy another.
by dknightd
Wed Sep 09, 2020 7:14 am
Forum: Personal Consumer Issues
Topic: What do you guys think of oil extractors?
Replies: 67
Views: 2953

Re: What do you guys think of oil extractors?

It works great on one of my cars. It does not work so well on the other (must be due to oil pan configuration, it only extracts about 2/3 of the pan). I'm going to try it on some small motors, I'm guessing it will work fine there. Even an incomplete oil change is better than no oil change. The extra...
by dknightd
Wed Sep 09, 2020 6:59 am
Forum: Personal Finance (Not Investing)
Topic: Rice & Beans [limiting food expenses]
Replies: 96
Views: 13891

Re: Rice & Beans [limiting food expenses]

Sufferlandrian wrote: Sat Sep 05, 2020 11:09 am @ExcelJunkie - How are things almost 10 years later? Moved on from rice and beans?

I sure wish I had discovered this site in 2010.
I just realized I responded to a 10 year old thread! I wonder if OP is still around. Still useful information to share, and new insights and web links ;)
by dknightd
Wed Sep 09, 2020 6:44 am
Forum: Personal Finance (Not Investing)
Topic: Rice & Beans [limiting food expenses]
Replies: 96
Views: 13891

Re:

zooker wrote: Wed Dec 08, 2010 12:45 pm
-Reduce your food waste. Do you find yourself throwing away excess food? Eat leftovers for lunch the next day, use fresh food before it goes bad, etc
This is great advice. It not only saves you money, it helps reduce waste.
by dknightd
Wed Sep 09, 2020 6:35 am
Forum: Investing - Theory, News & General
Topic: Why is it never a good time to buy LT Bonds (in recent history)?
Replies: 103
Views: 6671

Re: Why is it never a good time to buy LT Bonds (in recent history)?

Since LT bonds are obviously meant to be held for the long term, why don't target date funds own mostly LT bond indexes until say their targeted investors are age 70 or older? Instead, they invest in "total" bond indexes that skew towards an intermediate bond holding duration overall. This is an in...
by dknightd
Wed Sep 09, 2020 6:19 am
Forum: Investing - Theory, News & General
Topic: Why is it never a good time to buy LT Bonds (in recent history)?
Replies: 103
Views: 6671

Re: Why is it never a good time to buy LT Bonds (in recent history)?

gaz101 wrote: Mon Sep 07, 2020 2:00 am Therefore, I decided to tilt 1/2 total bond and 1/2 inflation-linked bond
With that split, you likely own some long term bonds already. If you bought a long term bond fund, then you would be tilted toward long term ;)
by dknightd
Mon Sep 07, 2020 8:35 am
Forum: Personal Investments
Topic: Lump Sum Vs Dollar Cost Average
Replies: 19
Views: 1390

Re: Lump Sum Vs Dollar Cost Average

Apparently 66% of the time lump sum wins. But past results do not predict future returns. If I did not need the money I'd probably invest it all on day one. If I thought I might need or want the money I'd do 50% on day one, then let the other 50% trickle in over the next few years. My plan, if this ...
by dknightd
Mon Sep 07, 2020 8:06 am
Forum: Personal Finance (Not Investing)
Topic: Would you pay off $58K early at 2.95%?
Replies: 19
Views: 3527

Re: Would you pay off $58K early at 2.95%?

Curious on other thoughts. I have the loan amount set aside to pay off a personal loan (with First Republic) of $58K in full and I might be able to qualify for an additional $2K interest paid rebate if this is paid in the next month or so before 48 months is up. I've had this amount set aside for y...
by dknightd
Mon Sep 07, 2020 7:25 am
Forum: Personal Finance (Not Investing)
Topic: Should I Cancel Husband's Term Insurance?
Replies: 41
Views: 3250

Re: Should I Cancel Husband's Term Insurance?

We dropped life insurance about 6 months before I retired. The assumption was we did not need it any more. We let the insurance amount decrease as our savings increased. If savings, plus insurance, was more than we needed we'd be OK. In retrospect we probably kept it longer than it was needed. But i...
by dknightd
Mon Sep 07, 2020 6:15 am
Forum: Personal Investments
Topic: Do I really own anything if everything can require a Medallion signature which I can never get?
Replies: 71
Views: 7672

Re: Do I really own anything if everything can require a Medallion signature which I can never get?

userwithconcern wrote: Sat Sep 05, 2020 10:06 am
So this presumably means that I may need one even to sell some mutual fund shares and move it into my bank account by ACH transfer.
Not likely. You should try it. I suspect it will be point and click once your bank account has been linked to your mutual fund account.
by dknightd
Mon Sep 07, 2020 5:54 am
Forum: Personal Investments
Topic: Please check this plan - 68 yo retiree with TIAA 403B
Replies: 25
Views: 1859

Re: Please check this plan - 68 yo retiree with TIAA 403B

Lalamimi wrote: Sun Sep 06, 2020 6:40 pm Did not read all the replies, but can she draw Spousal on an ex-/deceased husband's SS until she is 70? Money just sitting there if she can start now.
good point. This is worth looking into !
by dknightd
Mon Sep 07, 2020 5:46 am
Forum: Personal Investments
Topic: Please check this plan - 68 yo retiree with TIAA 403B
Replies: 25
Views: 1859

Re: Please check this plan - 68 yo retiree with TIAA 403B

LittletonRetire wrote: Sat Aug 29, 2020 7:45 pm Good idea, Ralph. I think she’s go for a 10 year guarantee, and she’ll get an extra $4000/yr compared to a 20 year guarantee.
That will help. Well done.
by dknightd
Mon Sep 07, 2020 5:37 am
Forum: Personal Investments
Topic: Please check this plan - 68 yo retiree with TIAA 403B
Replies: 25
Views: 1859

Re: Please check this plan - 68 yo retiree with TIAA 403B

You first need to get a better handle on her expenses. There is no point in annuitizing more money than she needs. I annuitized enough so that, combined with SS, our "comfortable enough" lifestyle would be covered. Discretionary and lumpy expenses will come from portfolio. It turns out this will be ...
by dknightd
Sat Sep 05, 2020 9:55 am
Forum: Personal Investments
Topic: Rebalancing Question
Replies: 23
Views: 1337

Re: Rebalancing Question

The more I think about it, I would like to simplify my triggers to just use bands and not the annual rebalance. As long as I am comfortable with my portfolio AA fluctuating within the bands, I am wondering what the advantage really is to a forced annual rebalance as opposed to just letting the mark...
by dknightd
Sat Sep 05, 2020 7:51 am
Forum: Personal Finance (Not Investing)
Topic: Getting out of a recently purchased condo
Replies: 32
Views: 4991

Re: Getting out of a recently purchased condo

You made a "rash decision" to purchase the condo. I would caution you to be sure you are not making a rash decision to sell. Covid will eventually end, or at least slow down. In the mean time, you are still going to need a place to live. Will you be able to find a place where you feel more comfortab...
by dknightd
Thu Sep 03, 2020 10:41 am
Forum: Investing - Theory, News & General
Topic: Rising inflation with low or no yield in fixed income
Replies: 61
Views: 2710

Re: Rising inflation with low or no yield in fixed income

How will this play out? Will be no place to park $$$s if rising inflation last with no safe instruments to keep up. How much increase in inflation does the Fed want before increasing interest rates? Will people just put their money into equities and call it good? Should help keep the markets pumped...
by dknightd
Thu Sep 03, 2020 8:02 am
Forum: Personal Investments
Topic: Poor performing portfolio
Replies: 67
Views: 6351

Re: Poor performing portfolio

Was just looking at my taxable account and noticed that my Year To Date gains are currently just $100. LOL! I kid you not. This is on a close to half million dollar position. Clearly I am doing something terribly wrong. Positions : VOO (S&P 500) - 14.14% VFWAX (Total International) - 23.31% VBILX (...
by dknightd
Tue Sep 01, 2020 11:54 am
Forum: Personal Consumer Issues
Topic: Have any BHs reduced spending to retire sooner?
Replies: 34
Views: 1482

Re: Have any BHs reduced spending to retire sooner?

My question is simple, has anyone made the decision to bail years ahead of schedule by cutting spending and then sticking with it? I suspect there are many people who have made that decision. I suspect there are many people who are happy with that decision. If you are tempted, give it try. Try livi...
by dknightd
Tue Sep 01, 2020 10:33 am
Forum: Personal Finance (Not Investing)
Topic: What are the drawbacks to an Immediate Annuity (SPIA)?
Replies: 47
Views: 2957

Re: What are the drawbacks to an Immediate Annuity (SPIA)?

Your kids are already saving money. Smile and be happy.
by dknightd
Tue Sep 01, 2020 9:52 am
Forum: Personal Finance (Not Investing)
Topic: What are the drawbacks to an Immediate Annuity (SPIA)?
Replies: 47
Views: 2957

Re: What are the drawbacks to an Immediate Annuity (SPIA)?

If you are concerned you will die befor the age of break even, would you purchase the cash back option? Thanks Paul I figure I've got a 50/50 chance of dying before I break even. I also figure there is 50/50 chance of my spouse dying first. We choose no cash back, no guaranteed payments, just dual ...
by dknightd
Tue Sep 01, 2020 9:12 am
Forum: Personal Finance (Not Investing)
Topic: What are the drawbacks to an Immediate Annuity (SPIA)?
Replies: 47
Views: 2957

Re: What are the drawbacks to an Immediate Annuity (SPIA)?

This might be comparing apples to ducks. IE: Insurance product vs index fund. Lots of past threads on this to research. How to compare the following between each other; index fund vs SPIA, Etc, etc. Difficult. If an SPIA can be thought of as a financial position much like fixed vs equities vs cash ...
by dknightd
Tue Sep 01, 2020 8:42 am
Forum: Personal Finance (Not Investing)
Topic: What are the drawbacks to an Immediate Annuity (SPIA)?
Replies: 47
Views: 2957

Re: What are the drawbacks to an Immediate Annuity (SPIA)?

Suppose I have the following two choices: a) Put $100K in a a mix of bond funds at various maturities b) Purchase an SPIA for $100K (and let the insurance company invest in bonds at various maturities). What is the real cost of the insurance element provided by an SPIA? I wonder if anyone has done ...
by dknightd
Tue Sep 01, 2020 8:11 am
Forum: Personal Finance (Not Investing)
Topic: What are the drawbacks to an Immediate Annuity (SPIA)?
Replies: 47
Views: 2957

Re: What are the drawbacks to an Immediate Annuity (SPIA)?

I realize this is very early to be concerned about this issue. I am leaving notes to go along with my sons' inheritances which they will acquire in the distant future, I hope :happy Hopefully, this may change, but while both of them invest regularly, they are not interested in the nuances of financ...
by dknightd
Sun Aug 30, 2020 7:15 am
Forum: Investing - Theory, News & General
Topic: How long could you live off your portfolio if the worst happened?
Replies: 110
Views: 10446

Re: How long could you live off your portfolio if the worst happened?

We spend more than the absolute minimum, we travel, give plenty of gifts, buy whatever we like - generally spend discretionary funds. We live a wonderful life, yet still end up spending less than we had budgeted while doing our financial planning over the accumulation years. THIS is what I aspire t...
by dknightd
Fri Aug 28, 2020 6:02 pm
Forum: Personal Consumer Issues
Topic: Chimney downdraft issues
Replies: 20
Views: 968

Re: Chimney downdraft issues

We only use the fireplace 2 or 3 times a year. The last time we used the fireplace back in January, the next morning we woke up, the house stank of smoke and burnt wood. We haven’t been able to eliminate this. No home improvements that would have changed airflow. I live in NJ and it is definitely s...
by dknightd
Fri Aug 28, 2020 12:08 pm
Forum: Personal Consumer Issues
Topic: Chimney downdraft issues
Replies: 20
Views: 968

Re: Chimney downdraft issues

I'm confused. Does this problem occur when the fireplace is in use, when not in use, or all the time? Did you recently do any home improvements that might have changed air infiltration? Where I live it is summer, it might be different where you live. A house needs to breath as pressure changes. If y...
by dknightd
Fri Aug 28, 2020 11:28 am
Forum: Investing - Theory, News & General
Topic: A Beater Truck and a FAT 401k...
Replies: 104
Views: 10146

Re: A Beater Truck and a FAT 401k...

I have a friend that really likes to ride bicycles. I suspect he has spent more on bicycles than on cars/trucks. It would not surprise me if he spent more on bicycles than I did on cars/trucks/bicycles combined. We do not have Fat 401k, but both have enough :) edit: is Liz Weston the one who retired...
by dknightd
Fri Aug 28, 2020 11:15 am
Forum: Personal Investments
Topic: Financial Advisor (Morgan Stanley) wants to end relationship with ("fire") my grandfather
Replies: 62
Views: 6773

Re: Financial Advisor (Morgan Stanley) wants to end relationship with ("fire") my grandfather

Yesterday, my grandfather received a call from his financial advisor's boss indicating that they do not wish to have him as a client anymore and would like to terminate the relationship, saying "they are not the best fit for his financial needs." I'm shocked they want to simply throw away a $3m+ ac...
by dknightd
Fri Aug 28, 2020 10:35 am
Forum: Personal Finance (Not Investing)
Topic: Expenses>Income new widow-should I worry?
Replies: 27
Views: 3115

Re: Expenses>Income new widow-should I worry?

My question is: Should I continue to just spend from savings and not worry about running out of money or do I need to make enough of a lifestyle change to live on my salary? My DH of 30+ years died in February of 2020. Sorry for your loss. I'm sure it is a very difficult time. To answer your questi...
by dknightd
Mon Aug 24, 2020 9:12 am
Forum: Personal Finance (Not Investing)
Topic: Do you talk to your friends/family/coworkers about this stuff?
Replies: 210
Views: 16285

Re: Do you talk to your friends/family/coworkers about this stuff?

I talk to people who want to talk about it. Whenever they, or I, want to talk about it. Some of my friends/family/coworkers like to talk about this stuff. Some do not. So I talk with the people who want to talk about it, the rest I do not. I occasionally bring up the subject with people who I think ...
by dknightd
Mon Aug 24, 2020 8:21 am
Forum: Personal Consumer Issues
Topic: A primer on backup battery systems for power outages
Replies: 150
Views: 8262

Re: A primer on backup battery systems for power outages

Thanks. I might try plugging the UPS directly into the generator. I don't have access to any test equipment, but I do note the UPS momentarily trips a couple times a week. Sometimes without any storms or wind nearby. More often than a routine self test. The good news is after I upgraded the generat...
by dknightd
Sat Aug 22, 2020 11:40 am
Forum: Personal Consumer Issues
Topic: Tires recommendations?
Replies: 61
Views: 3491

Re: Tires recommendations?

Remember, even with 4 snows and AWD, you are still not invincible on the road. Don't be that guy blasting down the highway left lane during a storm passing everyone who eventually ends up in the ditch. Something I like to remind my kids about. All modern cars have 4 wheel brakes. You might have awd...
by dknightd
Sat Aug 22, 2020 11:29 am
Forum: Personal Consumer Issues
Topic: Tires recommendations?
Replies: 61
Views: 3491

Re: Tires recommendations?

hunoraut wrote: Fri Aug 21, 2020 6:00 am
Frugalbear wrote: Thu Aug 20, 2020 5:21 pm cheapest ones - rubber all comes from the same tree!
this is very dangerous advice
Agreed! There is a lot more to tires than just the rubber tree!
Ultimately your car only has 4 contact points with the road.
Buy a tire that suits the road you are driving on.
by dknightd
Sat Aug 22, 2020 11:05 am
Forum: Personal Finance (Not Investing)
Topic: Credit Card Dispute--Any Suggestions?
Replies: 46
Views: 2416

Re: Credit Card Dispute--Any Suggestions?

Kenkat wrote: Sat Aug 22, 2020 10:50 am Yes, file the dispute. If the vendor gets cranky because you filed a dispute, you can simply tell them the bill was coming due and you had no choice.
+3
by dknightd
Sat Aug 22, 2020 11:05 am
Forum: Personal Finance (Not Investing)
Topic: Credit Card Dispute--Any Suggestions?
Replies: 46
Views: 2416

Re: Credit Card Dispute--Any Suggestions?

I'll post later with details (which I suspect some of you will find interesting), but for now some basic facts. I bought a large (in size) consumer product in early July and the charge posted to my Chase credit card account on July 10. The charge was for approximately $13,000. The product was defec...
by dknightd
Sat Aug 22, 2020 10:46 am
Forum: Personal Finance (Not Investing)
Topic: NYT Article: Safe Deposit Boxes Aren't Safe
Replies: 112
Views: 12266

Re: NYT Article: Safe Deposit Boxes Aren't Safe

Nothing is safe. You have to decide what balance is best for you. I like some things at home, I like some things off site. There is no right 100% safe option. We all have to decide for our selves what is the best compromise.
by dknightd
Sat Aug 22, 2020 9:37 am
Forum: Investing - Theory, News & General
Topic: March 9th, 2020 - no bid for bonds / no offer for bonds
Replies: 19
Views: 1827

Re: March 9th, 2020 - no bid for bonds / no offer for bonds

I have absolutely no idea how bonds trade. I guess once in a while bonds are offered for sale, and sometimes people bid for those bonds. I assume the high bid wins. I also assume sometimes nobody wants to borrow money, so there are no bonds for sale. You would think that there would always be somebo...
by dknightd
Sat Aug 22, 2020 9:01 am
Forum: Investing - Theory, News & General
Topic: Time to Give up Tax Deferrals?
Replies: 20
Views: 2168

Re: Time to Give up Tax Deferrals?

The big unknown from your other thread seems to be: "Holding onto cash right now; my job is secure at the moment, but DH’s freelance income has taken a hit. It’s possible I could be facing a layoff next fiscal year. In which case, I may decide to simply retire." So, you do not know if you are going ...
by dknightd
Sat Aug 22, 2020 7:58 am
Forum: Personal Investments
Topic: Portfolio and Ramping Up to Retirement Readiness - On Track?
Replies: 11
Views: 1445

Re: Portfolio and Ramping Up to Retirement Readiness - On Track?

David Jay wrote: Fri Jul 31, 2020 8:24 am Sounds like you are in great shape.

I would do a little more modeling of the survivor situation. If pensions do not continue, are each of you in good shape if they end up as the surviving spouse.
I agree.
by dknightd
Thu Aug 20, 2020 1:51 pm
Forum: Personal Investments
Topic: Please review my de-risking/cash-out plan
Replies: 111
Views: 5454

Re: Please review my de-risking/cash-out plan

One other thing to consider. If you are not working any more, but are still spending money, it is not unreasonable to expect you balance to go down. I'll be very very happy if I can spend money and not have my balance go down.
by dknightd
Thu Aug 20, 2020 1:01 pm
Forum: Personal Investments
Topic: Please review my de-risking/cash-out plan
Replies: 111
Views: 5454

Re: Please review my de-risking/cash-out plan

I am asking for a review of my cash out plan. Not whether I should pay off my mortgage. KlangFool You will need money every month to pay off your mortgage. So I'm not sure how you can separate your cash out plan from the mortgage payment. Not to mention taxes, health insurance, etc. You need to loo...
by dknightd
Thu Aug 20, 2020 12:54 pm
Forum: Personal Investments
Topic: Please review my de-risking/cash-out plan
Replies: 111
Views: 5454

Re: Please review my de-risking/cash-out plan

FWIW I expect my balance to go down every year. I hope I am wrong.
by dknightd
Thu Aug 20, 2020 12:37 pm
Forum: Personal Investments
Topic: Please review my de-risking/cash-out plan
Replies: 111
Views: 5454

Re: Please review my de-risking/cash-out plan

I am asking for a review of my cash out plan. Not whether I should pay off my mortgage. KlangFool You will need money every month to pay off your mortgage. So I'm not sure how you can separate your cash out plan from the mortgage payment. Not to mention taxes, health insurance, etc. You need to loo...
by dknightd
Thu Aug 20, 2020 12:18 pm
Forum: Personal Investments
Topic: Please review my de-risking/cash-out plan
Replies: 111
Views: 5454

Re: Please review my de-risking/cash-out plan

KlangFool wrote: Thu Aug 20, 2020 11:50 am
I would.

KlangFool
You are a brave person.
by dknightd
Thu Aug 20, 2020 11:43 am
Forum: Personal Investments
Topic: Please review my de-risking/cash-out plan
Replies: 111
Views: 5454

Re: Please review my de-risking/cash-out plan

KlangFool wrote: Thu Aug 20, 2020 11:30 am
Do you believe that 60/40 portfolio will return less than 3.49% per year over the next 10 years?

KlangFool
Lets turn this around. If somebody would guarantee 3.49% over the next 10 years would you invest? I would seriously consider it.
by dknightd
Thu Aug 20, 2020 11:00 am
Forum: Personal Investments
Topic: Please review my de-risking/cash-out plan
Replies: 111
Views: 5454

Re: Please review my de-risking/cash-out plan

Her mother lived with her brother. They are not moving. <<Aren't you receiving unemployment insurance payments?>> Yes. KlangFool So you are stuck where you are living until your mother and her brother die. You are getting unemployment payments. So where does that leave your backup plan of leaving t...
by dknightd
Thu Aug 20, 2020 10:23 am
Forum: Personal Investments
Topic: Please review my de-risking/cash-out plan
Replies: 111
Views: 5454

Re: Please review my de-risking/cash-out plan

Yes, it is a short-term plan if the market does too well. KlangFool My short term plan, if the market does too well, is to take the money out while it is still there. I do not know what the future might hold. I plan to take out any gains I have up to my tax target. But my money is almost all in tax...
by dknightd
Thu Aug 20, 2020 9:04 am
Forum: Personal Investments
Topic: Please review my de-risking/cash-out plan
Replies: 111
Views: 5454

Re: Please review my de-risking/cash-out plan

KlangFool wrote: Thu Aug 20, 2020 7:38 am Folks,

I know that I know nothing. I have a plan for if the stock market crashes. I do not have a plan for if the stock market goes up rapidly from now. This is my plan for if the market goes up rapidly.

KlangFool
smile and be happy :)
by dknightd
Thu Aug 20, 2020 7:47 am
Forum: Personal Investments
Topic: Please review my de-risking/cash-out plan
Replies: 111
Views: 5454

Re: Please review my de-risking/cash-out plan

You are juggling many things. You are not yet 59.5 so likely you do not want to touch the tax deferred part of your portfolio yet. You do not say how much is tax deferred, if any. I'm going to assume you have enough after tax money to last you well past 59.5. It sounds like some of that is in Roth, ...