Search found 518 matches

by SevenBridgesRoad
Mon Oct 21, 2019 12:16 am
Forum: Personal Investments
Topic: Retiring and Getting Over The Fear of Quitting?
Replies: 84
Views: 9214

Re: Retiring and Getting Over The Fear of Quitting?

https://images-na.ssl-images-amazon.com/images/I/51WBUGNTmvL._SY371_BO1,204,203,200_.jpg Howdy For all of the overachievers, God bless you and keep working or whatever fulfills you. For all of those who have retired to a new mission and new challenges, God bless you also. Calvin and I are on our en...
by SevenBridgesRoad
Sun Oct 20, 2019 10:49 pm
Forum: Personal Investments
Topic: Retiring and Getting Over The Fear of Quitting?
Replies: 84
Views: 9214

Re: Retiring and Getting Over The Fear of Quitting?

By the way, what ages are considered as middle ages? 40 to 50, to me. To me it's 50 to 60 ... I didn't feel in the least "middle-aged" in my 40s. If you stay active and have a bit of luck with your health, you don't really slow down in your 40s (unless you are a professional athlete ...). That's mo...
by SevenBridgesRoad
Sun Oct 20, 2019 11:16 am
Forum: Personal Investments
Topic: Retiring and Getting Over The Fear of Quitting?
Replies: 84
Views: 9214

Re: Retiring and Getting Over The Fear of Quitting?

The psychological preparation is just as important. For us, the list includes: We are already living in the area where we have wanted to retire. We have lots of friends and activities. I have hobbies. We like to travel. We like spending time with the kids and grandkids. Importantly, although I had ...
by SevenBridgesRoad
Sat Oct 19, 2019 1:25 am
Forum: Personal Investments
Topic: Retiring and Getting Over The Fear of Quitting?
Replies: 84
Views: 9214

Re: Retiring and Getting Over The Fear of Quitting?

We haven't retired but are getting close. I am unnerved by the prospect of unplugging though the math indicates we are good to go. One dimension I have been dwelling on over the last couple years is how big my financial risk is compared to early death. If you look at your cumulative chances of deat...
by SevenBridgesRoad
Sat Oct 19, 2019 1:12 am
Forum: Personal Finance (Not Investing)
Topic: Should I take the job in OKC or Orlando?
Replies: 98
Views: 5230

Re: Should I take the job in OKC or Orlando?

Love this stuff...human behavior is so interesting. The OP said thanks, I've made my decision, early this morning. He gracefully thanked everyone. Looks like the responses truly helped. Yet, responses by the dozens continue, after he announced his decision. And will probably continue for days or we...
by SevenBridgesRoad
Fri Oct 18, 2019 9:13 pm
Forum: Investing - Theory, News & General
Topic: Unique withdrawal method
Replies: 28
Views: 2745

Re: Unique withdrawal method

Unique? Yes. I am using an 8% SWR and started smoking 3 packs a day to help the plan work. If I run low on funds I will also start vacationing in Iraq, Syria and Afghanistan. I will also take up cliff diving as a hobby. This is unique! But I can't think of a catchy name for it. Belated Advancing Ri...
by SevenBridgesRoad
Fri Oct 18, 2019 8:59 pm
Forum: Investing - Theory, News & General
Topic: Unique withdrawal method
Replies: 28
Views: 2745

Re: Unique withdrawal method

mindboggling wrote:
Fri Oct 18, 2019 8:45 pm
The names of these withdrawal strategies are starting to sound like names for craft beers.
I'll have a SWR and a VPW with my double IPA, oh, and a pint of CDA for my friend.
by SevenBridgesRoad
Fri Oct 18, 2019 8:55 pm
Forum: Personal Finance (Not Investing)
Topic: Should I take the job in OKC or Orlando?
Replies: 98
Views: 5230

Re: Should I take the job in OKC or Orlando?

Love this stuff...human behavior is so interesting. The OP said thanks, I've made my decision, early this morning. He gracefully thanked everyone. Looks like the responses truly helped. Yet, responses by the dozens continue, after he announced his decision. And will probably continue for days or we...
by SevenBridgesRoad
Fri Oct 18, 2019 8:25 pm
Forum: Personal Investments
Topic: Retiring and Getting Over The Fear of Quitting?
Replies: 84
Views: 9214

Re: Retiring and Getting Over The Fear of Quitting?

bck63 wrote:
Fri Oct 18, 2019 8:22 pm
SevenBridgesRoad wrote:
Fri Oct 18, 2019 1:58 pm
flyingaway wrote:
Fri Oct 18, 2019 1:46 pm
By the way, what ages are considered as middle ages?
500 AD to 1500 AD
Or, more narrowly, 1100 CE- 1453 CE. :D
Right! One could argue...
by SevenBridgesRoad
Fri Oct 18, 2019 7:42 pm
Forum: Personal Finance (Not Investing)
Topic: Should I take the job in OKC or Orlando?
Replies: 98
Views: 5230

Re: Should I take the job in OKC or Orlando?

Love this stuff...human behavior is so interesting. The OP said thanks, I've made my decision, early this morning. He gracefully thanked everyone. Looks like the responses truly helped. Yet, responses by the dozens continue, after he announced his decision. And will probably continue for days or wee...
by SevenBridgesRoad
Fri Oct 18, 2019 7:32 pm
Forum: Investing - Theory, News & General
Topic: Unique withdrawal method
Replies: 28
Views: 2745

Re: Unique withdrawal method

You mean something besides SWR, VPW, PMT, Kitces ratcheting method, Guyton-Klinger decision rules, ERN's valuation method, 1/N, fixed % of portfolio, Gummy's sensible withdrawals, Taylor's withdraw more if your portfolio does well and less if it doesn't, spend only dividends, McClung's Prime Harves...
by SevenBridgesRoad
Fri Oct 18, 2019 1:58 pm
Forum: Personal Investments
Topic: Retiring and Getting Over The Fear of Quitting?
Replies: 84
Views: 9214

Re: Retiring and Getting Over The Fear of Quitting?

flyingaway wrote:
Fri Oct 18, 2019 1:46 pm
By the way, what ages are considered as middle ages?
500 AD to 1500 AD
by SevenBridgesRoad
Fri Oct 18, 2019 12:24 pm
Forum: Personal Investments
Topic: Retiring and Getting Over The Fear of Quitting?
Replies: 84
Views: 9214

Re: Retiring and Getting Over The Fear of Quitting?

This is a unique thread so far, in that everyone is pretty much in agreement! For me, I never experienced fear of quitting. This wasn't by chance. I was psychologically and financially prepared for my third phase of life (which is often called "retirement". Retirement in my terms is years and years ...
by SevenBridgesRoad
Fri Oct 18, 2019 8:16 am
Forum: Personal Consumer Issues
Topic: Preparing for 25% tariff on Scotch
Replies: 39
Views: 4336

Re: Preparing for 25% tariff on Scotch

Will sip good bourbon while reading the Federal Register.
by SevenBridgesRoad
Wed Oct 16, 2019 11:15 pm
Forum: Personal Consumer Issues
Topic: Invited to join HOA board. Pros/cons?
Replies: 58
Views: 4334

Re: Invited to join HOA board. Pros/cons?

RickBoglehead wrote:
Wed Oct 16, 2019 9:24 pm
Our HOA joined NextDoor. We chose not to.
You are wise. Lots of busy bodies and even some trolling there.
by SevenBridgesRoad
Wed Oct 16, 2019 8:09 pm
Forum: Personal Investments
Topic: Index Outperforms Actively Managed?? BASIC Q
Replies: 9
Views: 926

Re: Index Outperforms Actively Managed?? BASIC Q

Kenkat wrote:
Wed Oct 16, 2019 6:54 pm
Target Retirement funds are made out of index funds. They are making our investments out of index funds! (with apologies to Charlton Heston)
Younger folks here will ask, "Who's Charlton Heston and why is he screaming about what something is made of?"
by SevenBridgesRoad
Tue Oct 15, 2019 11:47 am
Forum: Personal Consumer Issues
Topic: Invited to join HOA board. Pros/cons?
Replies: 58
Views: 4334

Re: Invited to join HOA board. Pros/cons?

...Everyone should serve on the board at some point in their life. It helps people walk a mile in the board's shoes. I agree with this. "People get the government they deserve." This applies to HOA boards as well. If normal homeowners won't step up and participate, you get only the personalities me...
by SevenBridgesRoad
Mon Oct 14, 2019 8:08 pm
Forum: Personal Consumer Issues
Topic: Reducing hospital costs
Replies: 9
Views: 814

Re: Reducing hospital costs

Part of the reason for the lower cost at these "lower cost surgery center" is that in such places "everybody" pays. Usually in advance. There is no money wasted in collecting the money, dealing with insurance companies, getting paid in installments over two year etc Another reason is that these fix...
by SevenBridgesRoad
Mon Oct 14, 2019 7:51 pm
Forum: Personal Consumer Issues
Topic: Reducing hospital costs
Replies: 9
Views: 814

Re: Reducing hospital costs

Part of the reason for the lower cost at these "lower cost surgery center" is that in such places "everybody" pays. Usually in advance. There is no money wasted in collecting the money, dealing with insurance companies, getting paid in installments over two year etc Another reason is that these fix...
by SevenBridgesRoad
Tue Oct 08, 2019 12:20 am
Forum: Personal Consumer Issues
Topic: Should I sell or keep my 5 year old depreciated Tesla
Replies: 89
Views: 7233

Re: Should I sell or keep my 5 year old depreciated Tesla

... Dilemma, since buying it I have changed my philosophy on expensive cars. I have a high 6 figure income so I could afford to drive pretty much anything, I just don't' want to. My next car will be a new Honda Accord or similar. Should I make the change now?... Seeking opinions among my like-minde...
by SevenBridgesRoad
Mon Oct 07, 2019 11:35 pm
Forum: Personal Finance (Not Investing)
Topic: Half of Retirees Afraid to Use Savings
Replies: 111
Views: 12184

Re: Half of Retirees Afraid to Use Savings

MathIsMyWayr wrote:
Mon Oct 07, 2019 10:56 pm

...The root cause why people become more conservative as they age is the recognition and acceptance that their abilities decline with age once they pass a certain age...
If you are declaring a root cause, please cite your evidence.
by SevenBridgesRoad
Mon Oct 07, 2019 9:30 pm
Forum: Personal Finance (Not Investing)
Topic: Personal Capital website?
Replies: 26
Views: 2242

Re: Personal Capital website?

sonosoldi3112 wrote:
Mon Oct 07, 2019 9:18 pm
Yes .. I use PC .. love it ... some here do not wish to share passwords but I find the site invaluable.
Have almost everything at Vanguard so don't need Personal Capital. Only funds not there: checking account with credit union and Lively HSA. Vanguard lets me track the HSA on its website.
by SevenBridgesRoad
Mon Oct 07, 2019 4:45 pm
Forum: Personal Finance (Not Investing)
Topic: Tactics to pay off Mortgage Early??
Replies: 60
Views: 6028

Re: Tactics to pay off Mortgage Early??

Thank you all for posting your thoughts and tactics you have used or do use. So here is what I have done and what I plan to do: 1. I called up my mortgage company in regards to my PMI and I am getting my PMI waived. 2. I ran a bunch of scenarios through an amortization calculator. 3. After playing ...
by SevenBridgesRoad
Mon Oct 07, 2019 10:50 am
Forum: Personal Finance (Not Investing)
Topic: Tactics to pay off Mortgage Early??
Replies: 60
Views: 6028

Re: Tactics to pay off Mortgage Early??

When you lost your job ten years ago, you didn’t feel like you would rather have had the cash that you had tied up in early mortgage payments? I just don’t get it. You took the money you could have used for expenses (including the mortgage) and locked it up to reduce one expenses, but not all of th...
by SevenBridgesRoad
Mon Oct 07, 2019 1:02 am
Forum: Personal Consumer Issues
Topic: Kayaking & Fisherman - What is proper etiquette?
Replies: 33
Views: 3683

Re: Kayaking & Fisherman - What is proper etiquette?

I think you just need someone to say it’s okay. So I will say it, you are forgiven. You did nothing wrong. Never worry about such things again. I completely agree with GoldenFinch. Don't sweat it even one more second. From an avid flat water kayaker. I will avoid fisherman people activities as best...
by SevenBridgesRoad
Mon Oct 07, 2019 12:51 am
Forum: Personal Finance (Not Investing)
Topic: Tactics to pay off Mortgage Early??
Replies: 60
Views: 6028

Re: Tactics to pay off Mortgage Early??

What I find inconsistent is that many of the same folks who claim they would sleep better at night without a mortgage are the same folks who worry about inflation. A fixed rate mortgage is God’s gift to men who fear inflation! God's gift? The SevenBridgesRoad Bible says, "If your home comes coupled...
by SevenBridgesRoad
Sun Oct 06, 2019 11:38 pm
Forum: Personal Consumer Issues
Topic: Would or should you tip AAA road assistance?
Replies: 67
Views: 4517

Re: Would or should you tip AAA road assistance?

SR II wrote:
Sun Oct 06, 2019 11:35 pm
Jack FFR1846 wrote:
Thu Oct 03, 2019 12:46 pm
I've used AAA a number of times. Tipping has never even crossed my mind.
Same here. Have used it since 1972 and never thought of tipping.
+1
by SevenBridgesRoad
Sun Oct 06, 2019 11:34 pm
Forum: Personal Finance (Not Investing)
Topic: Tactics to pay off Mortgage Early??
Replies: 60
Views: 6028

Re: Tactics to pay off Mortgage Early??

...The reason I ask this question is because a colleague of mine asked what I would do if I paid my mortgage off tomorrow? I thought about it and I realized the amount of freedom I would have if I did not have to make that payment... This is the best reason to do it: freedom, peace of mind, sleepin...
by SevenBridgesRoad
Sun Oct 06, 2019 10:58 pm
Forum: Personal Finance (Not Investing)
Topic: Psychologically adverse to start drawing down in retirement
Replies: 77
Views: 7112

Re: Psychologically adverse to start drawing down in retirement

The purpose of saving the money was to spend it in retirement. If you don't start spending it you wasted your life accumulating it. But you can fix that problem starting now. If you are worried about spending it too fast you can baseline a simple estimate such as spending 4% of the initial retireme...
by SevenBridgesRoad
Sun Oct 06, 2019 12:57 pm
Forum: Personal Finance (Not Investing)
Topic: Tactics to pay off Mortgage Early??
Replies: 60
Views: 6028

Re: Tactics to pay off Mortgage Early??

...The reason I ask this question is because a colleague of mine asked what I would do if I paid my mortgage off tomorrow? I thought about it and I realized the amount of freedom I would have if I did not have to make that payment... This is the best reason to do it: freedom, peace of mind, sleepin...
by SevenBridgesRoad
Sun Oct 06, 2019 2:29 am
Forum: Personal Investments
Topic: Reality check
Replies: 21
Views: 2785

Re: Reality check

Thanks for taking the time to respond. At this point I see 3 responses to my post. All of these basically say to use low cost index funds. A couple refer to the risks of investing heavily in small cap stocks and possible downturns. And of course, the question of why anyone would spend money on an a...
by SevenBridgesRoad
Sun Oct 06, 2019 1:25 am
Forum: Personal Investments
Topic: Reality check
Replies: 21
Views: 2785

Re: Reality check

I think you are overcomplicating this. I didn't see your ages, but assuming you are typical retirement age, and if you want simplicity while saving on advisor fees, consider consolidating to Vanguard and using a VG Target Date Fund, such as the Target Retirement Income fund (30:70 stocks:bonds). Com...
by SevenBridgesRoad
Sat Oct 05, 2019 10:40 am
Forum: Investing - Theory, News & General
Topic: How many are switching from Fidelity?
Replies: 140
Views: 15142

Re: How many are switching from Fidelity?

abuss368 wrote:
Sat Oct 05, 2019 9:59 am
We are staying with Vanguard and always will. In fact moving to Vanguard was the best financial decision we ever made.
Similar feelings here. Had accounts at Vanguard and Fidelity because of employer. Moved everything from Fidelity to Vanguard upon retirement.
by SevenBridgesRoad
Fri Oct 04, 2019 8:49 pm
Forum: Personal Consumer Issues
Topic: Medical Specialists
Replies: 11
Views: 1196

Re: Medical Specialists

No personal knowledge, but I see that you have ten or eleven GI docs in town with the Mary Washington Hospital system. That's a pretty big department. Check around with friends, family and your PCP. Surely one or more of these is a good GI doc for your wife and her cystic condition. https://health.u...
by SevenBridgesRoad
Fri Oct 04, 2019 8:18 pm
Forum: Personal Consumer Issues
Topic: Medical Specialists
Replies: 11
Views: 1196

Re: Medical Specialists

Gastroenterologist with an interest in hepatology.
by SevenBridgesRoad
Fri Oct 04, 2019 5:11 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe's "Rules of Prudent Investing"
Replies: 32
Views: 4308

Re: Larry Swedroe's "Rules of Prudent Investing"

TJSI wrote:
Fri Oct 04, 2019 4:59 pm
...Note the contradiction between 6 & 8.
Not necessarily. My Vanguard Target Date Fund checks the boxes on diversity and is super easy to understand. :sharebeer
by SevenBridgesRoad
Fri Oct 04, 2019 1:45 pm
Forum: Personal Consumer Issues
Topic: Two doctor / healthcare questions
Replies: 8
Views: 840

Re: Two doctor / healthcare questions

First year of HSA, so I am paying a lot more attention (which I guess is the point) 1. My wife needed a physical (fully covered under insurance). She wasn't happy with existing doc, got a new doc. The doc had two different appointments - the first was a 'new patient' appointment where I think they ...
by SevenBridgesRoad
Fri Oct 04, 2019 12:43 pm
Forum: Investing - Theory, News & General
Topic: SPIA and your health
Replies: 25
Views: 2293

Re: SPIA and your health

So If you take the blood test and you find my internal age is 90, is a SPIA still a good idea? Any advice on the subject? Thanks Paul Not a medical advice question. You are asking about a deceptive company and whether you should base a purchase based on their claim. No one can provide you with an e...
by SevenBridgesRoad
Thu Oct 03, 2019 11:58 pm
Forum: Personal Finance (Not Investing)
Topic: Posting for a friend: opt out of employer arbitration?
Replies: 16
Views: 1426

Re: Posting for a friend: opt out of employer arbitration?

I would absolutely opt out of arbitration agreement. In the OPs situation, sounds like this is good advice, since it appears to be optional. For many, it's not always (or even usually) optional. And, I would have missed out on several sweet executive positions over my career if I had refused to sig...
by SevenBridgesRoad
Thu Oct 03, 2019 11:44 pm
Forum: Personal Finance (Not Investing)
Topic: Posting for a friend: opt out of employer arbitration?
Replies: 16
Views: 1426

Re: Posting for a friend: opt out of employer arbitration?

I would absolutely opt out of arbitration agreement. In the OPs situation, sounds like this is good advice, since it appears to be optional. For many, it's not always (or even usually) optional. And, I would have missed out on several sweet executive positions over my career if I had refused to sig...
by SevenBridgesRoad
Thu Oct 03, 2019 11:22 pm
Forum: Investing - Theory, News & General
Topic: Why not use Margin Loan as eFund?
Replies: 63
Views: 3770

Re: Why not use Margin Loan as eFund?

You guys really don't need to absolutely maximize every last bit of return in order to become very wealthy. You know that right? You're still going to have millions someday even if you keep some money in a CD or in iBonds as an emergency fund. Yes. Yes! This is very wise advice and so true. So many...
by SevenBridgesRoad
Thu Oct 03, 2019 12:45 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 12296
Views: 2104874

Re: U.S. stocks in free fall

willthrill81, Then, the bank forecloses their houses and take away their cars. KlangFool Ah, but remember, it was your choice not to pay off your mortgage quickly. Those that did can have very low expenses when the market tanks. Remember that negative bond idea you rejected? Selling in a down marke...
by SevenBridgesRoad
Thu Oct 03, 2019 12:26 am
Forum: Personal Investments
Topic: Retirement Planning Question
Replies: 11
Views: 1492

Re: Retirement Planning Question

Don't think you mentioned the APR on the mortgage loan or how many more years until it is paid off? You may have been advised to not pay it off as the rates have been extremely low (I am keeping a mortgage because I am earning more in a tax-free muni bond fund than the rate on the mortgage so makin...
by SevenBridgesRoad
Wed Oct 02, 2019 2:02 pm
Forum: Personal Investments
Topic: I pulled out... How do I get back in?
Replies: 100
Views: 12969

Re: I pulled out... How do I get back in?

I have all my IRA in MM. Suggestions for getting back in the market? ETFs? Why did i pull out? I wanted to hedge some market downside, anticipating a 5% drop with the global uncertainty, knowing i could miss a 5% upside I didn't pull out of the taxable assets due to tax issues, Silly me, pulled out...
by SevenBridgesRoad
Tue Oct 01, 2019 8:35 pm
Forum: Investing - Theory, News & General
Topic: Know when to hold them and when to fold them......
Replies: 148
Views: 13180

Re: Know when to hold them and when to fold them......

One more international thread - yes? no? - ought to clear this up once and for all.
by SevenBridgesRoad
Mon Sep 30, 2019 12:26 pm
Forum: Personal Consumer Issues
Topic: For those who see doctors 3~5 times a year, your medical costs between ACA and Medicare?
Replies: 15
Views: 1702

Re: For those who see doctors 3~5 times a year, your medical costs between ACA and Medicare?

However, one never knows what the future may hold and old age has a positive correlation with more healthcare consumption. This is a profound statement. I consider myself healthy and lead a healthy life with minimal healthcare expenses. But a sudden illness can strike anybody and at any time. Yeste...
by SevenBridgesRoad
Sun Sep 29, 2019 7:17 pm
Forum: Investing - Theory, News & General
Topic: "The Simple Magic of Investing in a Three-Fund Portfolio"
Replies: 22
Views: 3811

Re: "The Simple Magic of Investing in a Three-Fund Portfolio"

Or one fund, Vanguard Target Retirement Income VTINX. Simple. Enough. Question. I love target date funds and have them in my 401k, IRA, and yes, I use one in taxable too because I think for me the tax liabilities are outweighed by protection against behavioral mistakes. But, when I retire I want to...
by SevenBridgesRoad
Sat Sep 28, 2019 11:03 am
Forum: Personal Finance (Not Investing)
Topic: White Coat Investor: How to Live on $350k (Income) in Hawaii
Replies: 68
Views: 7115

Re: White Coat Investor: How to Live on $350k (Income) in Hawaii

dekecarver wrote:
Sat Sep 28, 2019 10:56 am
More importantly is that he better have a huge arse nest egg before he retires to live on $350K/yr in retirement. How much would that nest egg need to be?
Standard answer is 25X. So $8,750.000.
by SevenBridgesRoad
Fri Sep 27, 2019 7:31 pm
Forum: Personal Consumer Issues
Topic: Do you wash berries?
Replies: 71
Views: 4166

Re: Do you wash berries?

A favorite memory of living in the Willamette Valley of Oregon was hiking trails with blackberry bushes thick on both sides for miles and eating fruit by the handfulls right off the bushes as we went. What would Nietzsche say and do? Or CSNY in their incredible song Wooden Ships?
by SevenBridgesRoad
Fri Sep 27, 2019 12:30 am
Forum: Investing - Theory, News & General
Topic: "The Simple Magic of Investing in a Three-Fund Portfolio"
Replies: 22
Views: 3811

Re: "The Simple Magic of Investing in a Three-Fund Portfolio"

Or one fund, Vanguard Target Retirement Income VTINX. Simple. Enough.