Search found 1777 matches

by Abe
Fri Oct 05, 2018 5:09 pm
Forum: Investing - Theory, News & General
Topic: Allan Roth doesn't like single premium annuities
Replies: 185
Views: 9228

Re: Alan Roth doesn't like single premium annuities

hudson wrote:
Fri Oct 05, 2018 4:15 pm
If I was in my late 70s or 80s and my pile wasn't big enough, I might bite. Of course, I would do lots of research and post my proposal here first.
For the most part I agree with Mr. Roth, but there are situations where a SPIA might be the right thing to do.
by Abe
Fri Oct 05, 2018 4:36 pm
Forum: Personal Finance (Not Investing)
Topic: Mr. Money Mustache is the BOMB!
Replies: 32
Views: 5192

Re: Mr. Money Mustache is the BOMB!

I wouldn't enjoy an extravagant life style. It's just not my thing. Yet, I want to have enough money so that I don't have to worry about paying the bills, and if I want to do something extravagant every now and then, I can. Picasso said: "I'd like to live as a poor man with lots of money." :beer
by Abe
Wed Oct 03, 2018 11:53 am
Forum: Personal Finance (Not Investing)
Topic: Why is Home Part of NW [Net Worth]
Replies: 98
Views: 6694

Re: Why is Home Part of NW [Net Worth]

I think there is some confusion between net worth and investable assets. Net worth is assets less liabilities. Your home is an asset so should be included in net worth. In calculating investable assets you do not include your home (principal residence) or personal properties such as a car.
by Abe
Wed Sep 19, 2018 10:51 am
Forum: Investing - Theory, News & General
Topic: Other investment opportunities besides the stock market
Replies: 25
Views: 1967

Re: Other investment opportunities besides the stock market

I invested in rental houses, mortgages, stocks and bonds and a few other things along the way. With the advantage of hindsight, I could have done just as well, maybe even better, if I had just put everything in the S&P 500 index fund back in 1975, and saved myself a lot of time and effort. Of course...
by Abe
Thu Sep 13, 2018 4:45 pm
Forum: Personal Consumer Issues
Topic: How to help teenager fix silly mistakes in math?
Replies: 50
Views: 3291

Re: How to help teenager fix silly mistakes in math?

Have you ever considered the possibility that she may have dyslexia. The reason I say this is because I am dyslexic, and I see what appears to be symptoms of dyslexia in your daughter. Edited to add: I experienced most everything you described about your daughter. Even this, " I see the occasional b...
by Abe
Wed Sep 05, 2018 1:19 pm
Forum: Personal Consumer Issues
Topic: HVAC annual contracts vs yearly annual cleaning
Replies: 32
Views: 2273

Re: HVAC annual contracts vs yearly annual cleaning

We have a heat pump and electric secondary heat source. The whole system is 3 years old. So far we have had no problems. We change the filter ourselves every six months, but that is it. Not sure what other preventative maintenance would be required, but I guess this thread should inspire me to rese...
by Abe
Wed Sep 05, 2018 11:15 am
Forum: Personal Consumer Issues
Topic: HVAC annual contracts vs yearly annual cleaning
Replies: 32
Views: 2273

Re: HVAC annual contracts vs yearly annual cleaning

why do people discuss cleaning the outside unit? how does it get dirty? Never did that ever (no leaves or anything like that ever get built up in my unit based on its placement)..... of course my 16 year old compressor unit died this year too....... Condensation pumps and drain lines are the bane o...
by Abe
Tue Sep 04, 2018 4:55 pm
Forum: Personal Consumer Issues
Topic: HVAC annual contracts vs yearly annual cleaning
Replies: 32
Views: 2273

Re: HVAC annual contracts vs yearly annual cleaning

I just wash out the outside condensing unit and change filter myself once a year.
by Abe
Sat Sep 01, 2018 9:36 am
Forum: Investing - Help with Personal Investments
Topic: Don't Look and Have A Doctor Waiting When You DO
Replies: 35
Views: 5786

Re: Don't Look and Have A Doctor Waiting When You DO

Reminds me of the fellow who went to the bank and told the teller he wanted to draw all his money out so he could count it to be sure it was all there. :beer
by Abe
Fri Aug 31, 2018 1:50 pm
Forum: Investing - Theory, News & General
Topic: Are CDs considered an investment?
Replies: 75
Views: 4099

Re: Are CDs considered an investment?

From Investopedia:
In finance, an investment is a monetary asset purchased with the idea that the asset will provide income in the future or will later be sold at a higher price for a profit.
by Abe
Thu Aug 30, 2018 10:47 am
Forum: Personal Consumer Issues
Topic: How do you save money on groceries?
Replies: 155
Views: 9929

Re: How do you save money on groceries?

Don't know if this has been posted or not, but walmart has a program called Savings Catcher where they will match any lower advertised price in your area. After signing up, you can scan your receipt barcode or you can go to their site and enter your receipt number and date, and they will refund the ...
by Abe
Wed Aug 29, 2018 9:44 am
Forum: Personal Consumer Issues
Topic: How do you save money on groceries?
Replies: 155
Views: 9929

Re: How do you save money on groceries?

The nearest Aldi store to us is 50 miles, but we shop there about once a month for significant savings, especially on milk, eggs and produce. I buy whole boneless pork loins on sale, usually around $1.28 per pound. When I get home, I slice them in about one inch slices and then wrap two to a package...
by Abe
Tue Aug 28, 2018 1:40 pm
Forum: Personal Consumer Issues
Topic: Summer Day A/C Issues
Replies: 41
Views: 2227

Re: Summer Day A/C Issues

The HVAC man should have already done this, but you might wash out the outside condensing unit. It won't hurt anything and might help. Just take a garden hose with a nozzle on it and holding it about 2 inches from the unit (where the metal fins are) move it up and down washing every inch of it. Be ...
by Abe
Tue Aug 28, 2018 11:14 am
Forum: Personal Consumer Issues
Topic: Summer Day A/C Issues
Replies: 41
Views: 2227

Re: Summer Day A/C Issues

The HVAC man should have already done this, but you might wash out the outside condensing unit. It won't hurt anything and might help. Just take a garden hose with a nozzle on it and holding it about 2 inches from the unit (where the metal fins are) move it up and down washing every inch of it. Be s...
by Abe
Sun Aug 26, 2018 4:51 pm
Forum: Personal Consumer Issues
Topic: Best ultra thin pocket knife?
Replies: 54
Views: 3553

Re: Best ultra thin pocket knife?

Buck 379 Solo $18.99 on Amazon https://www.amazon.com/Buck-Single-Folding-Pocket-Choices/dp/B00O5E9DLE/ref=sr_1_5?ie=UTF8&qid=1535320042&sr=8-5&keywords=buck+small+knife Even a better deal: You can get the Buck single blade small knife (listed above) and a larger Buck 3 blade knife as a set, both fo...
by Abe
Tue Aug 21, 2018 5:37 pm
Forum: Personal Finance (Not Investing)
Topic: Holding mortgage notes in an IRA
Replies: 5
Views: 372

Re: Holding mortgage notes in an IRA

I had a friend who did this for years with no problems. He had to go through a company who specialized in self directed IRA's, and it was somewhat expensive to do this, but it was worth it to him because he was getting high returns on the mortgage notes.
by Abe
Mon Aug 13, 2018 12:45 pm
Forum: Personal Consumer Issues
Topic: What's the reason you would buy reading glasses at...
Replies: 42
Views: 2577

Re: What's the reason you would buy reading glasses at...

I was reading some of your postings and I wonder......WHY would you buy reading glasses ? Is it for economical reasons? and then,how often do you replace them? Although they are called "readers" or "reading" glasses people commonly use them for any close-up work. Like mouses when giving cat pedicur...
by Abe
Mon Aug 13, 2018 9:50 am
Forum: Personal Consumer Issues
Topic: What's the reason you would buy reading glasses at...
Replies: 42
Views: 2577

Re: What's the reason you would buy reading glasses at...

You can buy reading glasses at Dollar Tree Stores for $1.00 per pair. :beer
by Abe
Thu Jul 26, 2018 9:25 am
Forum: Personal Finance (Not Investing)
Topic: Is anyone using a bill paying service?
Replies: 38
Views: 3962

Re: Is anyone using a bill paying service?

I'm a little surprised at the number of people in this thread who authorized companies to direct debit from their bank account. I've always been afraid to do this. What's to keep them from taking $$ that are not owed? If you close whatever account you have with them, what's to stop them from contin...
by Abe
Sat Jul 21, 2018 12:20 pm
Forum: Investing - Theory, News & General
Topic: Direct Real Estate Returns
Replies: 361
Views: 17158

Re: Direct Real Estate Returns

I started buying real estate, mostly single family houses, back in 1978. Back then you could pay the sellers for their equity and assume their loans. This is what I did on most of the ones I bought. Real estate investing is not full time for me like running a business, but it's not completely passiv...
by Abe
Thu Jul 19, 2018 5:05 pm
Forum: Investing - Theory, News & General
Topic: Direct Real Estate Returns
Replies: 361
Views: 17158

Re: Direct Real Estate Returns

Many years ago I read a book titled "How to Wake Up The Financial Genius Inside You", by Mark O. Haroldsen, a real estate guru at the time. A lot of the book is about the power of compounding and real estate investing. He talks about the four basic advantages (returns) of real estate investing: (1) ...
by Abe
Thu Jul 19, 2018 11:23 am
Forum: Personal Finance (Not Investing)
Topic: Families - What's your total annual credit card spend?
Replies: 92
Views: 7202

Re: Families - What's your total annual credit card spend?

I didn't even have a credit card for most of my life. After I sold my business, I decided to take a trip. Someone told me I needed a credit card because motels wouldn't take cash. My wife and I have one credit card now and we probably put around $7k a year on it, mostly gas and groceries. I know... ...
by Abe
Wed Jul 18, 2018 12:52 pm
Forum: Personal Finance (Not Investing)
Topic: How Unclaimed Property Laws Can Affect Retirees
Replies: 36
Views: 3392

Re: How Unclaimed Property Laws Can Affect Retirees

After reading this thread, I went to my states unclaimed property site and entered my last name in the search box. To my surprise my wifes name came up and it said she had $57,639.87 in unclaimed property. I did some checking and found that Capital One 360 had closed her savings account and sent th...
by Abe
Wed Jul 18, 2018 12:28 pm
Forum: Personal Finance (Not Investing)
Topic: How Unclaimed Property Laws Can Affect Retirees
Replies: 36
Views: 3392

Re: How Unclaimed Property Laws Can Affect Retirees

After reading this thread, I went to my states unclaimed property site and entered my last name in the search box. To my surprise my wifes name came up and it said she had $57,639.87 in unclaimed property. I did some checking and found that Capital One 360 had closed her savings account and sent the...
by Abe
Mon Jul 16, 2018 10:56 am
Forum: Personal Finance (Not Investing)
Topic: Where to get a $100 bill?
Replies: 49
Views: 5355

Re: Where to get a $100 bill?

This is another reason why I like to bank at a small local bank.
by Abe
Thu Jul 05, 2018 1:40 pm
Forum: Personal Consumer Issues
Topic: Removing dead poison ivy
Replies: 24
Views: 1442

Re: Removing dead poison ivy

I used to get poison ivy real bad. I had a pharmacist friend who recommended rubbing the exposed skin with a washcloth saturated with alcohol as soon as possible after exposure and follow up washing with soap and water. I've never had a problem since I started doing that.
by Abe
Wed Jul 04, 2018 5:12 pm
Forum: Investing - Theory, News & General
Topic: SS taken at 62 vs. 70, but measured from 70+
Replies: 189
Views: 12055

Re: SS taken at 62 vs. 70, but measured from 70+

Social Security benefits are actuarially neutral, which means that you'll get roughly the same overall benefits (on a present value basis) if you live to average life expectancy, no matter what age you begin taking benefits. I found the above here: https://www.cbsnews.com/news/how-single-filers-can-...
by Abe
Wed Jul 04, 2018 4:23 pm
Forum: Investing - Theory, News & General
Topic: SS taken at 62 vs. 70, but measured from 70+
Replies: 189
Views: 12055

Re: SS taken at 62 vs. 70, but measured from 70+

Basically the SSA actuaries will have priced social security to be neutral ie you are no worse off what you do IF you live an average life span. Question: Does this mean a social security recipient would receive roughly the same amount of money from social security regardless of when they start dra...
by Abe
Sat Jun 30, 2018 10:30 am
Forum: Personal Consumer Issues
Topic: Bogleheads approach to hair loss?
Replies: 15
Views: 1084

Re: Bogleheads approach to hair loss?

He is probably talking about Finasteride, though the side effects can be worse in some men. My doctor just prescribed Finasteride for prostate enlargement, but he said one of the side effects in hair growth. I told him that would be a good thing for me. We both laughed. I haven't started taking it ...
by Abe
Sat Jun 30, 2018 10:23 am
Forum: Personal Consumer Issues
Topic: Bogleheads approach to hair loss?
Replies: 15
Views: 1084

Re: Bogleheads approach to hair loss?

I started losing my hair at an early age. It would just kill me when friends would say, "are you losing your hair". Sometimes they wouldn't say anything, but I was aware they were looking at my head. I was extremely self conscious. I've learned that the best thing to do is to accept it and learn to ...
by Abe
Thu Jun 28, 2018 3:53 pm
Forum: Personal Finance (Not Investing)
Topic: "Who's John Bogle?"
Replies: 17
Views: 2530

Re: "Who's John Bogle?"

A lot of the new salesreps at Edward Jones probably don't have much financial background. All they know is what EJ tells them. I can understand some of them not being familiar with Mr Bogle.
by Abe
Thu Jun 28, 2018 3:31 pm
Forum: Personal Consumer Issues
Topic: New car dealer pricing
Replies: 44
Views: 2718

Re: New car dealer pricing

I recently bought a Toyota Camry. I went to a local Toyota dealer and picked out the car I wanted and did a test drive. The price they quoted me was pretty good but still more than I wanted to pay. About a week later my wife and I went to a Honda dealer in another town, and we had a bad experience w...
by Abe
Fri Jun 22, 2018 9:47 am
Forum: Personal Finance (Not Investing)
Topic: Can you retire on $2M?
Replies: 173
Views: 21937

Re: Can you retire on $2M?

Could get a 2 million annuity (SPIA), 40 year old couple, pay out $87k a year for life for husband and wife. Of course this would not cover inflation. Another option, get a 1 million annuity, pay out $43,500 a year for life for husband and wife. Invest the remaining 1 million and withdraw 3% or $30k...
by Abe
Mon Jun 18, 2018 3:44 pm
Forum: Investing - Theory, News & General
Topic: What does it mean: Rule No. 1: Never lose money
Replies: 75
Views: 7321

Re: What does it mean: Rule No. 1: Never lose money

Ha, I asked this same question on Oct 19, 2012. It didn't get resolved then either. :happy

viewtopic.php?f=1&t=104479&hilit=never+lose+money
by Abe
Fri Jun 15, 2018 12:05 pm
Forum: Personal Finance (Not Investing)
Topic: can we afford to spend $20K on travel annually
Replies: 89
Views: 7541

Re: can we afford to spend $20K on travel annually

I wouldn't spend $20k a year on traveling, but I'm a tight wad. It looks like you can afford it if that's what you want to do.
by Abe
Fri Jun 15, 2018 10:19 am
Forum: Investing - Theory, News & General
Topic: Which boglehead rule do you break--and are ok with
Replies: 152
Views: 12843

Re: Which boglehead rule do you break--and are ok with

I only have about a third of my stock investments in index funds (roughly $741k). The remaining two thirds of my stock investments are in individual stocks and managed funds. With the managed funds, I'm paying higher expense ratios and some of them have higher turnover. With the individual stocks, I...
by Abe
Mon Jun 04, 2018 5:06 pm
Forum: Investing - Theory, News & General
Topic: Don’t cheat yourself with the 4% rule
Replies: 184
Views: 26075

Re: Don’t cheat yourself with the 4% rule

Although this is nothing new, I thought the article was interesting. She talks about a more flexible retirement withdrawal method rather than something more rigid like the 4% rule. I think Taylor does this. https://finance.yahoo.com/news/don-t-cheat-yourself-4-061658618.html Reads like an ad for an...
by Abe
Mon Jun 04, 2018 4:48 pm
Forum: Investing - Theory, News & General
Topic: Don’t cheat yourself with the 4% rule
Replies: 184
Views: 26075

Don’t cheat yourself with the 4% rule

Although this is nothing new, I thought the article was interesting. She talks about a more flexible retirement withdrawal method rather than something more rigid like the 4% rule. I think Taylor does this.

https://finance.yahoo.com/news/don-t-ch ... 58618.html
by Abe
Sat Jun 02, 2018 3:10 pm
Forum: Personal Consumer Issues
Topic: Gold Chain necklace, authentic gold
Replies: 10
Views: 1309

Re: Gold Chain necklace, authentic gold

It might be helpful to go to the following link an read the article. It explains how to calculate the melt value which is the actual gold content of a piece of jewelry. The retail price in a jewelry store could be two to three times more than the melt value. https://www.callagold.com/education/rule-...
by Abe
Fri May 25, 2018 3:46 pm
Forum: Investing - Help with Personal Investments
Topic: Book for wife on investing
Replies: 26
Views: 2231

Re: Book for wife on investing

Well LadyGeek and chevca and Cheryl604 beat me to it. I was about to recommend, "If you can" by William J Bernstein and "The Bogleheads Guide to Investing"
by Abe
Thu May 24, 2018 11:00 am
Forum: Personal Finance (Not Investing)
Topic: I need some math help-calculating interest savings
Replies: 31
Views: 1778

Re: I need some math help-calculating interest savings

I understood the op's question was how much did he save, assuming he paid the first loan off over the 30 year term, compared to recasting making a $40k principal payment and $1200 monthly payments. Using the above assumptions, this is how I came up with the $127,334 savings. The original loan has 36...
by Abe
Thu May 24, 2018 10:37 am
Forum: Personal Finance (Not Investing)
Topic: I need some math help-calculating interest savings
Replies: 31
Views: 1778

Re: I need some math help-calculating interest savings

daheld, What is the number you came up with? In a previous post I came up with $127,334 savings. Quick calculation comparing the two loans using $1200 payment on the recast loan. Thanks for your help. I came up with a total savings of $131,012. I calculated that the lump sum payment of $40,000 save...
by Abe
Thu May 24, 2018 9:48 am
Forum: Personal Finance (Not Investing)
Topic: I need some math help-calculating interest savings
Replies: 31
Views: 1778

Re: I need some math help-calculating interest savings

Peace bro. It's done. You are stressing over something that does not matter any more. I'm not stressing about anything. I am happy and content with our financial decisions. I am looking to find the total amount of interest saved for a reason, and I needed to be sure I was calculating it correctly a...
by Abe
Thu May 24, 2018 9:29 am
Forum: Personal Finance (Not Investing)
Topic: I need some math help-calculating interest savings
Replies: 31
Views: 1778

Re: I need some math help-calculating interest savings

I did a quick calculation and came up with a savings of $127,334. This is the savings comparing the original loan to the recast loan with $1200 monthly payments. I didn't double check my numbers but I think this is correct.
by Abe
Thu May 24, 2018 9:21 am
Forum: Personal Finance (Not Investing)
Topic: I need some math help-calculating interest savings
Replies: 31
Views: 1778

Re: I need some math help-calculating interest savings

You should already have an amortization schedule for the original loan. You can run a new amortization schedule for the recast loan using a $1200 per month payment and then compare the interest on each loan.
by Abe
Thu May 24, 2018 9:09 am
Forum: Personal Finance (Not Investing)
Topic: I need some math help-calculating interest savings
Replies: 31
Views: 1778

Re: I need some math help-calculating interest savings

Why don't you just leave the loan as is and make the $40k payment on principal and then make the $1200 per month payments after that. Why do you need to recast?
Edited to add: Sorry, I see you have already recast.
by Abe
Sun May 20, 2018 4:28 pm
Forum: Personal Finance (Not Investing)
Topic: Is the first 100k really the hardest?
Replies: 156
Views: 44453

Re: Is the first 100k really the hardest?

I thought I posted something on this thread back in 2015, but I guess I didn't. Yes, the first $100k is the hardest. After that it gets easier because you have something working for you other than yourself.
by Abe
Thu May 17, 2018 12:43 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage decision killing me
Replies: 52
Views: 7209

Re: Mortgage decision killing me

Personally I hate 30 year notes because early payments have such minuscule impact on principal. I'd go with the 15. I don't follow this. If you get a 15 year note on $250,000 at 4% then the monthly payments are $2,236. In the first month that breaks down as: $833 interest; $1,015 principal If you g...
by Abe
Tue May 15, 2018 11:20 am
Forum: Investing - Help with Personal Investments
Topic: How can I clear $40-60,000/yr with $1,000,000 cash... Low Risk?
Replies: 71
Views: 11259

Re: How can I clear $40-60,000/yr with $1,000,000 cash... Low Risk?

With a short term treasury bond ladder earning 2-3% and only taking out $40k per year how long would it last? Earning 0% it would last 25 years (and no income taxes). Add in 2% and it lasts much longer. Earning 3% it would last 47 years. Earning 2% it would last 35 years. Yes but you aren’t account...