Search found 186 matches

by Whatyear?
Fri Apr 16, 2021 2:12 pm
Forum: Personal Finance (Not Investing)
Topic: What Does College Tuition Really Cost?
Replies: 84
Views: 6491

Re: What Does College Tuition Really Cost?

I see that many people have recommended looking at online calculators, websites, etc. and that is good advice. But I suspect you are looking for a more real-world practical answer based on experience. Here is mine. Our financial situation is similar to the OP except we don't have quite as much in as...
by Whatyear?
Tue Apr 13, 2021 6:08 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone contemplating OLY (One Less Year)?
Replies: 52
Views: 4781

Re: Anyone contemplating OLY (One Less Year)?

I plan to use COBRA initially just because I know what I’ll be getting, and so I will have time to properly research ACA. I have my husband and three kids on my policy so I need to make sure everyone stays covered for things. I’m sure we can qualify for much cheaper insurance but I’ve read you need ...
by Whatyear?
Mon Apr 12, 2021 6:29 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone contemplating OLY (One Less Year)?
Replies: 52
Views: 4781

Re: Anyone contemplating OLY (One Less Year)?

OP here. Thanks so much for the replies. I love hearing the perspectives. In my case I will most likely stick with my original plan and retire next March. I’ll have two kids in college this fall and the third will be a senior in HS. So the extra year of income including final 401k vesting, stock ves...
by Whatyear?
Sun Apr 11, 2021 5:59 pm
Forum: Personal Consumer Issues
Topic: Would (did) you preemptively replace your Roof Shingles
Replies: 51
Views: 3481

Re: Would you preemptively replace your Roof

Wow, it never would have occurred to me to preemptively replace a roof but I will give it some thought now. It will be 26 years old in June. Although, a few years ago we had a few shingles blow off and the guy who replaced them said it looked like the roof was in good shape, so there’s that. And the...
by Whatyear?
Sat Apr 10, 2021 11:35 am
Forum: Personal Finance (Not Investing)
Topic: Anyone contemplating OLY (One Less Year)?
Replies: 52
Views: 4781

Anyone contemplating OLY (One Less Year)?

Hi, I am curious - with the market run-up over the last couple of years, is anyone adjusting their plans to retire a year (or more) sooner? My "real" target date is March 2022, but I have to say it is tempting to just do it, since my portfolio is probably $200K higher right now than i fore...
by Whatyear?
Sun Feb 21, 2021 6:07 pm
Forum: Personal Finance (Not Investing)
Topic: Do we need multiple credit cards to build credit?
Replies: 12
Views: 911

Re: Do we need multiple credit cards to build credit?

I’m amazed that people strategize about this. I also don’t understand why people care about their credit score unless it prevents them from borrowing when necessary. I say have one credit card, maybe finance a car, and pay the bills on time or early. Then get a mortgage when the time comes and do th...
by Whatyear?
Sun Feb 21, 2021 5:16 pm
Forum: Personal Finance (Not Investing)
Topic: Going From Employer/COBRA Insurance to ACA
Replies: 20
Views: 1018

Re: Going From Employer/COBRA Insurance to ACA

Are you sure your COBRA ends in the middle of a month? That seems weird. Anywhere I’ve worked the coverage was always for full months. 🤔
by Whatyear?
Fri Dec 04, 2020 12:10 pm
Forum: Personal Finance (Not Investing)
Topic: Creating Will online
Replies: 26
Views: 1435

Re: Creating Will online

Reading this thread inspired me to finally contact an attorney to create a will/trust/estate plan. :happy
by Whatyear?
Wed Nov 18, 2020 12:24 pm
Forum: Personal Consumer Issues
Topic: How to remove wrinkles from crumpled silk without washing?
Replies: 11
Views: 735

Re: How to remove wrinkles from crumpled silk without washing?

I would try putting it in the dryer with a damp towel for about 5 - 10 minutes. It works for cashmere and I would think it would also work for silk.
by Whatyear?
Fri Sep 25, 2020 3:20 pm
Forum: Personal Investments
Topic: How to combine finances with your spouse? Recently married/early30s
Replies: 55
Views: 4377

Re: How to combine finances with your spouse? Recently married/early30s

Come to terms with the fact that everything is jointly owned. Otherwise you are in for trouble . . . . I think the "post-nup" idea is a bad idea. I had a substantially similar experience to DaftInvestor and in our case are happily married 25 years. Of course it helps that I am fully in cha...
by Whatyear?
Mon Mar 16, 2020 11:33 am
Forum: Personal Consumer Issues
Topic: Cruise booking for next year
Replies: 12
Views: 526

Re: Cruise booking for next year

I used to go on cruises but I think I'm done!
by Whatyear?
Thu Jan 16, 2020 6:14 pm
Forum: Investing - Theory, News & General
Topic: Are you a closet market-timer?
Replies: 177
Views: 14795

Re: Are you a closet market-timer?

I have a certain "average" return I am hoping to achieve over time, which happens to be 7.25%. This is based on historical returns for my AA (which I KNOW is not necessarily indicative of future return, but it's what I am targeting). If I happen to over-achieve that return mid-year, I hap...
by Whatyear?
Thu Jan 16, 2020 1:21 pm
Forum: Investing - Theory, News & General
Topic: Are you a closet market-timer?
Replies: 177
Views: 14795

Re: Are you a closet market-timer?

I have a certain "average" return I am hoping to achieve over time, which happens to be 7.25%. This is based on historical returns for my AA (which I KNOW is not necessarily indicative of future return, but it's what I am targeting). If I happen to over-achieve that return mid-year, I happ...
by Whatyear?
Tue Dec 31, 2019 2:08 pm
Forum: Personal Investments
Topic: Rebalance Jitters
Replies: 28
Views: 1841

Re: Rebalance Jitters

I do not agree with changing an asset allocation based upon the market being at an all time high (which is a regular occurrence) or feelings. To each his own, but I do think it is worth considering overall market valuation levels and expected future returns as one gets closer to retirement. +1
by Whatyear?
Tue Dec 31, 2019 2:03 pm
Forum: Personal Investments
Topic: Vanguard website down: another example of the lack of good tech at Vanguard
Replies: 93
Views: 6150

Re: Vanguard website down: another example of the lack of good tech at Vanguard

I got a message that the site is temporarily unavailable as they are undergoing maintenance. Not a great time for that so I assume unplanned . . . .?
by Whatyear?
Tue Nov 19, 2019 12:45 pm
Forum: Personal Consumer Issues
Topic: What are you paying for car, home and umbrella insurance?
Replies: 35
Views: 2926

Re: What are you paying for car, home and umbrella insurance?

You all should consider yourselves lucky (not to live in Massachusetts, when it comes to insurance). I have 3 cars (2 are 5 yrs old, one is 2 yrs old), two teen drivers (both girls), a reasonable house (4 BR colonial), $1M of umbrella insurance, and all in, I pay $735 per month . We have excellent c...
by Whatyear?
Wed Nov 06, 2019 12:37 pm
Forum: Personal Finance (Not Investing)
Topic: Best month to take RMDs?
Replies: 86
Views: 5229

Re: Best month to take RMDs?

Goal33 wrote: Wed Nov 06, 2019 11:13 am I’m 28, and if I live long enough to take RMDs, I’d just take them in January to get that errand over with.
I like this advice. You know you have to take it at some point during each year. Why overthink it?
by Whatyear?
Wed Oct 16, 2019 11:34 am
Forum: Personal Investments
Topic: What are the pros and cons of investing in an ETF over a non-ETF mutual fund?
Replies: 14
Views: 2072

Re: What are the pros and cons of investing in an ETF over a non-ETF mutual fund?

For me personally, this question falls into the category of "over-thinking it."
by Whatyear?
Mon Sep 30, 2019 12:55 pm
Forum: Personal Finance (Not Investing)
Topic: Employer is relocating - how to be allowed to work remotely
Replies: 51
Views: 4227

Re: Employer is relocating - how to be allowed to work remotely

123 wrote: Sat Sep 28, 2019 11:14 am
wineandplaya wrote: Sat Sep 28, 2019 10:32 am ... I also think it's basically impossible for the company to find a replacement for me...
That may be the case but they can find a way to get your work done without you.
Drew Bledsoe goes down, up pops Tom Brady!! :)
by Whatyear?
Mon Sep 30, 2019 12:07 pm
Forum: Personal Consumer Issues
Topic: Going to a wedding party
Replies: 48
Views: 4741

Re: Going to a wedding party

SrGrumpy wrote: Sat Sep 28, 2019 7:07 pm
aqan wrote: Sat Sep 28, 2019 11:18 am I was wondering what to expect at the party.
The only person who can answer that is the "dear friend" who invited you. What did he say when you asked?
SrGrumpy, you must be feeling grumpy today :)
by Whatyear?
Tue Sep 24, 2019 8:22 am
Forum: Personal Finance (Not Investing)
Topic: HELOC or reverse mortgage?
Replies: 22
Views: 1451

Re: HELOC or reverse mortgage?

HELOC - simpler, and you maintain control.
by Whatyear?
Fri Sep 20, 2019 10:22 am
Forum: Personal Finance (Not Investing)
Topic: Best way to track / categorize spending?
Replies: 35
Views: 2203

Re: Best way to track / categorize spending?

I just use excel. I update my spreadsheet once a week (after paying bills). It's a hobby :).
by Whatyear?
Thu Sep 19, 2019 2:59 pm
Forum: Personal Consumer Issues
Topic: How to handle "split-the-bill" group lunches?
Replies: 159
Views: 8959

Re: How to handle "split-the-bill" group lunches?

I would just agree to pay an equal share. Calling out that you should pay less for whatever reason could be embarrassing/awkward for the guest of honor, who is paying nothing.
by Whatyear?
Wed Sep 18, 2019 12:30 pm
Forum: Personal Finance (Not Investing)
Topic: Do you always buy term life from a broker?
Replies: 15
Views: 1292

Re: Do you always buy term life from a broker?

I just went straight to SBLI.
by Whatyear?
Thu Sep 12, 2019 11:43 am
Forum: Personal Investments
Topic: Teenager wants to save...
Replies: 29
Views: 2339

Re: Teenager wants to save...

I started down this path with my (then) 16 yo daughter, then quickly came to the resolution that a plain old (fee-free) checking/savings account was the way to go. My reasoning: * She's only making a couple of thousand a year * She gets to actually mange the money and learn to spend wisely, while wa...
by Whatyear?
Wed Sep 11, 2019 11:53 am
Forum: Personal Investments
Topic: How to Invest Down Payment Money for Child? 18 Years Out
Replies: 10
Views: 1044

Re: How to Invest Down Payment Money for Child? 18 Years Out

My son is around 18 years out from buying his first home. How on earth could you possibly know that? Seriously, that was my question. Is he age 3 right now and planning to buy at 21? Or maybe 21 right now, planning on buying at age 39? Eighteen years seems like such a long timeframe for this questi...
by Whatyear?
Fri Sep 06, 2019 12:02 pm
Forum: Personal Finance (Not Investing)
Topic: I need help choosing which bank to use for a home equity loan and I'm naming names
Replies: 11
Views: 957

Re: I need help choosing which bank to use for a home equity loan and I'm naming names

I've also never heard of either of those banks, so I have no opinion. But OP, what are you worried/concerned about? If these are reputable banks in your area, it sounds like 6 of one/half dozen of the other. I'm in the process of getting a HELOC and did not even shop around - I just went with the sa...
by Whatyear?
Fri Aug 30, 2019 12:00 pm
Forum: Personal Consumer Issues
Topic: College age male: How much money for food?
Replies: 138
Views: 6808

Re: College age male: How much money for food?

Can we all agree that (a) eating for ~$1 per meal is theoretically possibly and (b) most people wouldn't want to do that? Lol - this reminded me of a conversation with a former client on this topic (and I am talking 30 years ago when the value of a dollar was arguably a lot more than today). She an...
by Whatyear?
Wed Aug 28, 2019 11:46 am
Forum: Investing - Theory, News & General
Topic: I don't like Bonds because I
Replies: 31
Views: 2916

Re: I don't like Bonds because I

I got an 80 on the quiz without having read those books (because of all I have learned about bonds on this site :)).
by Whatyear?
Thu Aug 08, 2019 11:35 am
Forum: Personal Finance (Not Investing)
Topic: Do you pay for kids college if a non-STEM major?
Replies: 62
Views: 3242

Re: Do you pay for kids college if a non-STEM major?

Most kids in high school have no idea what they want to do with their lives - so their undergraduate college major is not really that important. What's important is that they keep learning. I majored in English Language and Literature (undergrad degree paid for by my parents) and now I'm an accounta...
by Whatyear?
Wed Jul 31, 2019 11:52 am
Forum: Personal Finance (Not Investing)
Topic: Early retirees - what's your spending like?
Replies: 36
Views: 4622

Re: Early retirees - what's your spending like?

I'll probably retire in two years, at age 61.5. This is about 9 months earlier than I had originally planned, based on all of the things wm631 said :). Based on my CURRENT spending (which will include putting three kids through college starting this year), I only have about 16X saved. I "hope&...
by Whatyear?
Tue Jul 30, 2019 3:06 pm
Forum: Personal Finance (Not Investing)
Topic: Early retirees - what's your spending like?
Replies: 36
Views: 4622

Re: Early retirees - what's your spending like?

I'll probably retire in two years, at age 61.5. This is about 9 months earlier than I had originally planned, based on all of the things wm631 said :). Based on my CURRENT spending (which will include putting three kids through college starting this year), I only have about 16X saved. I "hope&q...
by Whatyear?
Tue Jul 09, 2019 11:38 am
Forum: Personal Investments
Topic: Should I invest in VMATX? [Vanguard Massachusetts Tax-Exempt Fund]
Replies: 5
Views: 834

Re: Should I invest in VMATX? [Vanguard Massachusetts Tax-Exempt Fund]

I'm also in MA and I've owned this fund since 2013. I've put more and more money into it over the years as I get closer to retirement, and have never experienced buyer's remorse. For what all that is worth :).

But seriously, it seems to be a decent fund for a MA resident.
by Whatyear?
Mon Jul 08, 2019 11:30 am
Forum: Investing - Theory, News & General
Topic: Americans believe they need $1.7 million, on average, to retire
Replies: 284
Views: 32870

Re: Americans believe they need $1.7 million, on average, to retire

desihorn wrote: Mon Jul 08, 2019 11:25 am I am just glad to see that there are "normal" people here. The threads with "I have $20M and I don't know if that is enough.." freak me out.
+1 :)
by Whatyear?
Wed Jun 19, 2019 2:36 pm
Forum: Personal Finance (Not Investing)
Topic: Any Massachusetts people on ACA subsidy?
Replies: 6
Views: 597

Re: Any Massachusetts people on ACA subsidy?

Thanks for the replies. The income limits are from the 2018 MA HealthConnector website so a bit out of date: Household Size 300% FPL 1 $36,180 2 $48,720 3 $61,260 4 $73,800 For each additional person in the household, add $12,540 I've been doing my own taxes for as long as I've been working so I'm p...
by Whatyear?
Wed Jun 19, 2019 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: Any Massachusetts people on ACA subsidy?
Replies: 6
Views: 597

Any Massachusetts people on ACA subsidy?

Hi, first of all I hope the answers to this post are of interest to other people besides me! I live in MA and hope to retire at 62-ish. For the first partial year I will be on COBRA, but then I hope to take advantage of the ACA for a few years until I hit 65 (assuming laws don't change). My income n...
by Whatyear?
Fri Jun 14, 2019 11:25 am
Forum: Personal Investments
Topic: Asset allocation for those in their late fifties
Replies: 35
Views: 4434

Re: Asset allocation for those in their late fifties

I'm 59 and my husband is 58. Hoping to retire at 62. We are about 52% equity/ 48% bonds/cash at the moment. I feel like it might be too conservative, but on the other hand I really don't want to risk losing a big chunk of it so close to retirement. I have a very small pension that is not COLA'd. I'l...
by Whatyear?
Mon May 13, 2019 11:31 am
Forum: Personal Investments
Topic: Does your retirement plan work if stocks are flat or in decline for decades?
Replies: 180
Views: 12206

Re: Does your retirement plan work if stocks are flat or in decline for decades?

Call me reckless, but my retire plan depends on both continuation of SS and an average real return (stocks and bonds combined) of ~2.75%. I could manage on a bit less than that, but not to the point of zero to negative returns. I'll be 62 by the time I retire, but if I were to plan for no returns I'...
by Whatyear?
Fri Apr 26, 2019 11:41 am
Forum: Personal Finance (Not Investing)
Topic: General spending credit card
Replies: 17
Views: 1553

Re: General spending credit card

Ed_Sandwich wrote: Fri Apr 26, 2019 10:27 am Capital One Venture Rewards. 2% cash back (when redeemed for past travel purchases - gas, uber, scooters, hotels, airfare, etc). Annual fee is <$100.
+1 but for me the annual cost is zero.
by Whatyear?
Wed Apr 24, 2019 11:38 am
Forum: Personal Finance (Not Investing)
Topic: If FIRECalc shows 100% success rate, what holds you back from retiring?
Replies: 126
Views: 13295

Re: If FIRECalc shows 100% success rate, what holds you back from retiring?

FIREcalc is fun to mess around with and I like it because it validates my single-scenario investment growth and retirement spending model (i.e., my model falls within the FIREcalc outcomes). But as far as thinking about "what if it's wrong? what if the next 1, 2, 3 decades are different?" ...
by Whatyear?
Mon Mar 11, 2019 12:09 pm
Forum: Personal Finance (Not Investing)
Topic: Are academic enrichment courses for school age kids worth it
Replies: 61
Views: 3795

Re: Are academic enrichment courses for school age kids worth it

As a parent to three current high-schoolers, I totally agree with what most others have said so far - let them be who they are. Not everyone can be top of the class, and different people are motivated by different things. Let the kids know you encourage then to do well, but don't scold them for gett...
by Whatyear?
Wed Feb 27, 2019 12:59 pm
Forum: Personal Finance (Not Investing)
Topic: When taking Social Security @62 could be wise
Replies: 191
Views: 15508

Re: When taking Social Security @62 could be wise

Most overanalyzed topic. SS is one of two things. Either you have no choice, and need the cash to live, taking asap. Or if you can afford to wait, it becomes longevity insurance. I am not going to bet on dying young and then suffer as a result. Will spend my savings until 70 and then take the max. ...
by Whatyear?
Tue Feb 26, 2019 5:23 pm
Forum: Personal Finance (Not Investing)
Topic: Question on Affordable Care Act
Replies: 19
Views: 1386

Re: Question on Affordable Care Act

Thanks for all the replies - very helpful. I don't feel so bad about not being able to find this on my own, since there is so much variation.
by Whatyear?
Tue Feb 26, 2019 8:28 am
Forum: Personal Finance (Not Investing)
Topic: Question on Affordable Care Act
Replies: 19
Views: 1386

Question on Affordable Care Act

Hi, apologies if the answer to this should be obvious, but I've tried to research it and could not find my specific question addressed . . . . This is in connection with retiring prior to age 65 and bridging the time until Medicare eligibility. I've see the ACA charts of subsidies by income level fo...
by Whatyear?
Tue Dec 04, 2018 4:24 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement itch- when did you get it?
Replies: 145
Views: 16723

Re: Retirement itch- when did you get it?

I started thinking seriously about it at about age 37. I was married but I didn't have any kids at the time and didn't think we ever would, so I put the pedal to the metal financially, with a plan to retire at 52 (my husband is one year younger). Fast forward a few years and we adopted three beautif...
by Whatyear?
Tue Dec 04, 2018 1:02 pm
Forum: Personal Finance (Not Investing)
Topic: "The Steak Dinner Annuity Pitch"
Replies: 114
Views: 12631

Re: "The Steak Dinner Annuity Pitch"

I've been to a couple of these dinners, both times with no intention of buying. Although they may get annoyed if you're too up-front about having no intention of buying, I've also noticed that they are glad to have butts-in-seats, i.e. full house, as long as the freeloaders keep that plan to themsel...
by Whatyear?
Tue Nov 20, 2018 12:47 pm
Forum: Personal Finance (Not Investing)
Topic: The psychology of withdrawing from your portfolio
Replies: 58
Views: 6544

Re: The psychology of withdrawing from your portfolio

I put enough in Bonds to cover expenses from age 62 to age 70. No expense money in equities, so if equities go up or go down, my living expenses are not at risk. I will probably do this, too. I've looked at CD laddering but for what you could potentially earn it doesn't seem worth the extra effort ...
by Whatyear?
Sun Sep 23, 2018 11:40 am
Forum: Personal Investments
Topic: How do I allocate social security in retirement?
Replies: 19
Views: 2028

Re: How do I allocate social security in retirement?

I don't consider SS a financial asset or part of my portfolio, but before age 70 I plan to have a 50/50 AA, then after age 70 (when I start collecting SS) I will increase the equity % to 65% because at that point I feel I can afford more risk.
by Whatyear?
Fri Sep 14, 2018 3:09 pm
Forum: Personal Investments
Topic: 40/60 allocation returns ytd
Replies: 29
Views: 5461

Re: 40/60 allocation returns ytd

And yet my 50/50 portfolio has a YTD return of 3.97%. That's because a good chunk of my equity component is small-cap which had a YTD return the last I checked of about 17.4% v. 10% for total stock market. Similarly, a good chunk of my fixed component is high-yield bonds, with a YTD return of 2.66%...
by Whatyear?
Fri Sep 14, 2018 12:41 pm
Forum: Personal Investments
Topic: 40/60 allocation returns ytd
Replies: 29
Views: 5461

Re: 40/60 allocation returns ytd

And yet my 50/50 portfolio has a YTD return of 3.97%. That's because a good chunk of my equity component is small-cap which had a YTD return the last I checked of about 17.4% v. 10% for total stock market. Similarly, a good chunk of my fixed component is high-yield bonds, with a YTD return of 2.66% ...