Search found 251 matches

by Rudedog
Mon Sep 21, 2020 7:00 am
Forum: Investing - Theory, News & General
Topic: Is anyone waiting until after the election?
Replies: 145
Views: 12634

Re: Is anyone waiting until after the election?

Its a marathon, not a sprint. I just keep my funds and allocations about the same.
by Rudedog
Sun Sep 20, 2020 9:27 am
Forum: Personal Investments
Topic: MYGA vs CD - what would you choose?
Replies: 16
Views: 1942

Re: MYGA vs CD - what would you choose?

I'm also looking at an MYGA through Gainbridge. So far, it looks good. I'd leave the money alone for 5 years. I'm over 60. I'm in Illinois so there is coverage up to $ 250,000 by Illinois Life and Health Insurance Guaranty Association. Has anyone else looked at Gainbridge, is there any downside I am...
by Rudedog
Fri Sep 18, 2020 9:42 am
Forum: Personal Investments
Topic: College Savings or “Other” Strategy
Replies: 16
Views: 1153

Re: College Savings or “Other” Strategy

You only have twelve years before college for 6 year-old. Recommend you ramp up 529 contributions. My objective would be to have at least $ 100K put away for each when they start college. Good luck.
by Rudedog
Wed Sep 16, 2020 7:13 am
Forum: Personal Investments
Topic: Whether to lapse term life insurance
Replies: 21
Views: 1375

Re: Whether to lapse term life insurance

I'd keep it, $ 600 per year is low cost for that much coverage. When you get to 60 or 70 you may want to take another look at it. Many don't really "need" life insurance, but I've seen the state of stress and uncertainty when husband dies, it seemed to give wife a bit of comfort knowing there was a ...
by Rudedog
Mon Sep 14, 2020 8:33 pm
Forum: Personal Investments
Topic: Advice: Vanguard funds
Replies: 20
Views: 1801

Re: Advice: Vanguard funds

JL Collins, The Simple Path to Wealth, and Bill Schueltis, The Coffeehouse Investor are good books.
by Rudedog
Mon Sep 14, 2020 5:56 am
Forum: Personal Investments
Topic: Chasing CD rates.
Replies: 9
Views: 1196

Re: Chasing CD rates.

I chased rates for a few years, got tired of it and opened accounts at Marcus, Ally, Capital One and Synchrony Bank. Now I just roll maturing CDs into a new CD at one of those banks. Marcus usually wins.
by Rudedog
Thu Sep 10, 2020 3:13 pm
Forum: Personal Investments
Topic: What to do, if anything, about a single stock (XOM)
Replies: 15
Views: 1418

Re: What to do, if anything, about a single stock (XOM)

I too own XOM. Its less than 2% of my portfolio. I'm going to hold it for now. Most cars and trucks still run on gasoline, XOM has interests in natural gas, etc, etc. Hoping it will go up, it won't cost me much to hold it, just the frustration of looking at my paper loss every day. If it's still in ...
by Rudedog
Wed Sep 09, 2020 2:21 pm
Forum: Personal Investments
Topic: Portfolio Review - Simplify my life
Replies: 7
Views: 1257

Re: Portfolio Review - Simplify my life

I really suggest that you create a free account at MorningStar, and run your portfolio through its X-Ray tool https://www.morningstar.com/instant-x-ray That will give you the percentage of allocation to stocks, bonds, etc. You can simplify your holdings based on that. I agree, I use Morningstar X-r...
by Rudedog
Sat Aug 29, 2020 6:46 am
Forum: Personal Investments
Topic: Dental office 401k advice
Replies: 23
Views: 1573

Re: Dental office 401k advice

Your accountant should be giving you an "after-tax" analysis. I don't know what your tax bracket is, but the money put in the employees' accounts is a tax deduction for you, depending on what state you live in, that could be a 30% deduction for the amount contributed. Also, if you give the employees...
by Rudedog
Sat Aug 22, 2020 6:02 pm
Forum: Personal Investments
Topic: Assets at Single, or Multiple Brokerages?
Replies: 19
Views: 1269

Re: Assets at Single, or Multiple Brokerages?

Yep, I use Vanguard and TD Ameritrade (soon to be Charles Schwab).
by Rudedog
Sat Aug 22, 2020 5:55 pm
Forum: Personal Investments
Topic: Single Stock (TSLA)
Replies: 22
Views: 2024

Re: Single Stock (TSLA)

Been watching Tesla, I just find it hard to think that its big rally will keep going. The cars are expensive, they go a limited distance on a charge, there are not nationwide charging stations, there are several competitors starting to show up, lots of debt, factory in China that is skewing sales nu...
by Rudedog
Wed Aug 12, 2020 8:57 am
Forum: Personal Investments
Topic: 529 Plan Choice: Bright start (TRLGX) vs Vanguard (VWUSX)
Replies: 9
Views: 572

Re: 529 Plan Choice: Bright start (TRLGX) vs Vanguard (VWUSX)

Bright Start offers Vanguard Total Stock Market and S & P 500. We used Bright Start to get the Illinois tax deduction. Morningstar rates Bright Start very highly.
by Rudedog
Fri Aug 07, 2020 10:20 am
Forum: Personal Consumer Issues
Topic: How long to keep a car
Replies: 110
Views: 8710

Re: How long to keep a car

I drive a 1989 Toyota Camry. 31 years old. Great car. Air conditioning doesn't work. Just put a new battery in it. Called it the "dog car" as I hauled our dog Petey around in it until he passed. Wife drives a 2007 Toyota Sienna, its been a great minivan. A car without air conditioning is not a "gre...
by Rudedog
Mon Aug 03, 2020 6:26 pm
Forum: Personal Consumer Issues
Topic: How long to keep a car
Replies: 110
Views: 8710

Re: How long to keep a car

I drive a 1989 Toyota Camry. 31 years old. Great car. Air conditioning doesn't work. Just put a new battery in it. Called it the "dog car" as I hauled our dog Petey around in it until he passed. Wife drives a 2007 Toyota Sienna, its been a great minivan.
by Rudedog
Mon Aug 03, 2020 6:25 pm
Forum: Personal Consumer Issues
Topic: What are you listening to now
Replies: 920
Views: 55347

Re: What are you listening to now

Crosby, Stills & Nash.
by Rudedog
Mon Jul 20, 2020 6:22 pm
Forum: Personal Consumer Issues
Topic: 24 Hour Drive Time w/ Two Young Kids: What Kind of Car
Replies: 101
Views: 5121

Re: 24 Hour Drive Time w/ Two Young Kids: What Kind of Car

Minivan........we've had a minivan (Chrysler or Toyota) in our fleet since 1992.......great for trips with kids.
by Rudedog
Mon Jul 20, 2020 2:38 pm
Forum: Investing - Theory, News & General
Topic: Retirees, share your epiphanies..
Replies: 126
Views: 15198

Re: Retirees, share your epiphanies..

As Daryl Hall says "Life's too short." Enjoy every day you wake up.
by Rudedog
Wed Jul 15, 2020 9:31 pm
Forum: Personal Consumer Issues
Topic: What are you listening to now
Replies: 920
Views: 55347

Re: What are you listening to now

George Harrison--Cheer Down--------great slide guitar. RIP George. Also, 70's on 7 on XM radio.
by Rudedog
Wed Jul 15, 2020 9:21 pm
Forum: Personal Consumer Issues
Topic: Retirees: How you spend your time?
Replies: 63
Views: 7542

Re: Retirees: How you spend your time?

Babysitting grandson, doing "chores" for my elderly inlaws, riding my Harley, walking several miles per day. I was walking my dog several miles every day, but he passed away in January and I sure miss him. Had planned several short trips (like 3 or 4 days) but the virus threat shut that down.
by Rudedog
Wed Jul 15, 2020 9:16 pm
Forum: Personal Finance (Not Investing)
Topic: Should I fire my tax preparer?
Replies: 57
Views: 4647

Re: Should I fire my tax preparer?

If you don't fire her, she may fire you.
by Rudedog
Wed Jul 15, 2020 6:07 am
Forum: Personal Investments
Topic: All in with Wellesley
Replies: 57
Views: 5111

Re: All in with Wellesley

VWIAX is almost 14% of my portfolio, very satisfied with it.
by Rudedog
Mon Jul 13, 2020 8:12 am
Forum: Personal Investments
Topic: Which short term bond fund?
Replies: 4
Views: 503

Re: Which short term bond fund?

With all the current uncertainties in the the United States, I'd keep the money in the bank. You minimize the risk of bond market fluctuations, and the Fed has said interest rates will stay very low for a while.
by Rudedog
Sat Jul 11, 2020 9:31 am
Forum: Personal Consumer Issues
Topic: Who has painted their own house?
Replies: 45
Views: 3777

Re: Who has painted their own house?

Painted our two story in early 90's. Took a week of vacation and got it done. That's nine days working early to dark. Pressure washed a few days before I started. House was white and I painted it white. Now that I'm in my 60's , I might paint a one-story house, but not a two-story. If you fall, the ...
by Rudedog
Fri Jul 10, 2020 8:36 pm
Forum: Personal Investments
Topic: 51 year old physician
Replies: 85
Views: 10217

Re: 51 year old physician

Hard for me to have much sympathy for someone with a physician's earning ability.
by Rudedog
Mon Jul 06, 2020 2:02 pm
Forum: Investing - Theory, News & General
Topic: Does it really matter when you claim Social Security
Replies: 109
Views: 9356

Re: Does it really matter when you claim Social Security

My wife's parents are both 93. As I expect she will outlive me by many years, I will wait to take my SS at 70 years old, so she will get the max survivor benefit. I know "plans change" but if she makes it into her 90's, it will be a great benefit for her.
by Rudedog
Mon Jun 29, 2020 7:56 am
Forum: Personal Investments
Topic: What to do with Home Equity
Replies: 52
Views: 3245

Re: What to do with Home Equity

Bad idea. I would never borrow against the equity in my home. You're betting on the spread between the interest on the debt and possible earnings.. Enjoy your debt-free home. 8-)
by Rudedog
Mon Jun 29, 2020 7:42 am
Forum: Personal Investments
Topic: Ready for (forced) early retirement?
Replies: 40
Views: 4850

Re: Ready for (forced) early retirement?

Your net worth, including your house is over $ 3 million, with no debt. One thing to consider, you are many years from Medicare. However, I'm betting you could find a part-time job to fund your health insurance costs if you need to. In my mind, the wild card is health insurance, but that's how it is...
by Rudedog
Fri Jun 26, 2020 7:49 pm
Forum: Personal Finance (Not Investing)
Topic: Going Thru Divorce
Replies: 41
Views: 6679

Re: Going Thru Divorce

You have my sympathy, I have several friends who ended up divorced for similar reasons. I was lucky, my wife watches every dollar and hates to spend money (except on our grandson!). Having a partner who can handle money is a blessing.
by Rudedog
Fri Jun 26, 2020 7:39 pm
Forum: Personal Investments
Topic: 61 year old female Divorcee - how am I doing?
Replies: 15
Views: 3323

Re: 61 year old female Divorcee - how am I doing?

You are doing well. I wouldn't be in any hurry to buy a house until you are moving to a "permanent" location where you expect to live for several years. Nothing wrong with renting for a while.
by Rudedog
Mon Jun 22, 2020 9:15 am
Forum: Investing - Theory, News & General
Topic: Amount needed to retire - inflation adjusted
Replies: 50
Views: 5950

Re: Amount needed to retire - inflation adjusted

I prepared many spreadsheets and made a lot of "what if" calculations.
by Rudedog
Wed Jun 17, 2020 1:24 pm
Forum: Investing - Theory, News & General
Topic: Cash in lieu of bonds
Replies: 55
Views: 5186

Re: Cash in lieu of bonds

I've set up CD ladder. The rates are barely over 1 %, but I want to protect my principal.
by Rudedog
Wed Jun 17, 2020 1:21 pm
Forum: Personal Finance (Not Investing)
Topic: When does purchasing Umbrella Insurance Coverage makes sense?
Replies: 108
Views: 7156

Re: When does purchasing Umbrella Insurance Coverage makes sense?

When you have a significant amount of assets you want to protect. My umbrella insurance is about $ 400 per year.
by Rudedog
Mon Jun 08, 2020 7:54 am
Forum: Personal Investments
Topic: Change 529 AA?
Replies: 5
Views: 360

Re: Change 529 AA?

Currently at 100% equities (Vanguard S & P 500) for my grandson's Illinois 529 plan. He is one year old. I'll probably switch to a balanced fund when he's 8 years old, with ten years until college.
by Rudedog
Mon Jun 08, 2020 7:51 am
Forum: Personal Investments
Topic: Paying off mortgage early or invest?
Replies: 37
Views: 2936

Re: Paying off mortgage early or invest?

Made double payments on our mortgage for years and finally paid it off several years ago. No itemized deduction for the interest anymore (we don't qualify to itemize anymore) so no tax savings there. It feels great to be debt-free.
by Rudedog
Sat Jun 06, 2020 11:17 am
Forum: Personal Investments
Topic: High interest savings account
Replies: 28
Views: 3750

Re: High interest savings account

My wife and I have high yield savings accounts at Capital One, Marcus, Ally and Synchrony. When we have cash to invest, we put it in the one that is paying the most at that time. Right now, Capital One is offering $ 450 if you put additional $ 50,000 in account for three months. Not a bad deal.
by Rudedog
Sat Jun 06, 2020 11:05 am
Forum: Personal Investments
Topic: 3 fund portfolio for retirees
Replies: 22
Views: 1843

Re: 3 fund portfolio for retirees

I have a CD ladder, several year's expenses held in CD's, in addition to Vanguard Funds. If the market takes a dive like it did a few months ago, I sleep well knowing I will have cash available from maturing CDs.
by Rudedog
Sat May 30, 2020 9:33 am
Forum: Personal Investments
Topic: Best place to put my cash right now
Replies: 11
Views: 1995

Re: Best place to put my cash right now

Go with CDs at online banks. FDIC insured. If the main objective is safety, you have to give up some potential return for safety. Yes, I wish the rate available was still 3%, but it just isn't right now.
by Rudedog
Fri May 29, 2020 11:15 am
Forum: Personal Investments
Topic: Am I panicking or being prudent?
Replies: 68
Views: 6884

Re: Am I panicking or being prudent?

You need equities for any type of growth and to overcome inflation. I'm at 50% equities and I haven't changed anything this year, except I've bought a bit more stock. 60% equities is a bit too high for me, but 52% or 53% is OK. Right now, I intend to keep my equities at 50% for many years.
by Rudedog
Tue May 26, 2020 7:01 pm
Forum: Investing - Theory, News & General
Topic: Bogleheads: What is your largest single stock holding? (if any)
Replies: 79
Views: 4312

Re: Bogleheads: What is your largest single stock holding? (if any)

Verizon. I hold about a dozen dividend paying stocks, largest position is in Verizon. My nephew used to work there until they bought him out and retired him last year. About 2.5% of total portfolio.
by Rudedog
Tue May 26, 2020 9:13 am
Forum: Personal Investments
Topic: How do you retire early if your money is tied up in tax deferred?
Replies: 26
Views: 3751

Re: How do you retire early if your money is tied up in tax deferred?

You plan ahead. You have money in taxable accounts and you have other income streams such as sale of a business, rental property or a part-time job. Let the money in tax-deferred grow until you are required to take RMDs. Pay off all debt. Have a spouse that likes her job and continues to work. :D
by Rudedog
Mon May 25, 2020 8:16 am
Forum: Personal Finance (Not Investing)
Topic: What to do with Mother-In-Law
Replies: 31
Views: 4009

Re: What to do with Mother-In-Law

My wife and I are in a similar situation. We are staying put until her parents pass on. Moving an elderly person is very traumatic, if the current situation is working OK I'd put off moving until MIL is out of the picture.
by Rudedog
Sat May 16, 2020 9:56 am
Forum: Personal Finance (Not Investing)
Topic: Selling home - low ball negotiation
Replies: 145
Views: 12613

Re: Selling home - low ball negotiation

I've bought and sold several houses. My first offer to buy is always 7% to 10% below list price with purchase subject to inspection, and I want to negotiate with the seller. When I sell a house, I always have a minimum price I will sell for in mind, but the initial listing is based on local comps an...
by Rudedog
Fri May 15, 2020 8:24 am
Forum: Personal Investments
Topic: Still using total bond market?
Replies: 169
Views: 21946

Re: Still using total bond market?

I am leery of investing in bonds in the current market due to the extremely low interest rates. I have moved most of my fixed income into one year CDs. The only bonds in my portfolio are in Wellington and Wellesley, not sure that is still a good idea, but I haven't decided to move those yet. This is...
by Rudedog
Tue May 12, 2020 7:29 am
Forum: Personal Investments
Topic: Marcus or Ally
Replies: 162
Views: 17454

Re: Marcus or Ally

I have accounts at both, both seem OK to me.
by Rudedog
Tue May 12, 2020 7:27 am
Forum: Personal Investments
Topic: Porfolio Check Up and Looking Ahead
Replies: 9
Views: 577

Re: Porfolio Check Up and Looking Ahead

Do you have any college savings for children ? Putting my three daughters through college was a huge expense, two have advanced degrees. I'm not complaining as all three have good jobs and currently are still working during this pandemic and paying their own bills.
by Rudedog
Tue May 12, 2020 7:01 am
Forum: Personal Investments
Topic: Market vs. Limit Orders
Replies: 59
Views: 3731

Re: Market vs. Limit Orders

I use limit orders, but, if I really want the stock, set the price a few cents higher than current market price to be sure a small fluctuation doesn't shut me out. I used limit orders several weeks back to try to buy some UPS stock when it was below $ 90, but I couldn't get it done, the market never...
by Rudedog
Wed May 06, 2020 5:22 pm
Forum: Personal Investments
Topic: Amount and time needed to retire
Replies: 19
Views: 1874

Re: Amount and time needed to retire

Rough estimate--$ 2.5 to $ 3 million would do it.
by Rudedog
Wed May 06, 2020 5:19 pm
Forum: Personal Finance (Not Investing)
Topic: How Do Early Retirees Pay for Medical
Replies: 132
Views: 10118

Re: How Do Early Retirees Pay for Medical

I pay $ 1,050 per month to BCBS, $ 6,750 out of pocket limit for deductible and co-insurance. My wife pays $ 750 per month to BCBS, $ 4,700 out of pocket limit. It is by far our highest expense. I pay it myself, but we CAN itemize deductions so we get a bit of a write-off on our Federal taxes.