Search found 12 matches

by Barcelonasteve
Thu Mar 19, 2020 11:03 pm
Forum: Personal Investments
Topic: When will S&P 500 go back to 3386 ?
Replies: 98
Views: 6026

Re: When will S&P 500 go back to 3386 ?

Within 3 years, if many become sick. The older, sicker people will have passed on their wealth to those with less experience and more optimism, so the markets will be flooded with naive money, causing prices to exceed reasonable valuations. :twisted:
by Barcelonasteve
Fri Feb 14, 2020 4:49 pm
Forum: Personal Finance (Not Investing)
Topic: creating a will
Replies: 22
Views: 1474

Re: creating a will

thinking about creating a will. would u recommend sitting down with a lawyer. or would something like legal zoom suffice? It depends on how complicated your situation is. Virtually everyone on this site will say that you need a lawyer, but check to see if your state has a will template that would s...
by Barcelonasteve
Sun Jan 19, 2020 10:33 pm
Forum: Personal Finance (Not Investing)
Topic: Why retire?
Replies: 267
Views: 16613

Re: Why retire?

I want to have nothing to do and all day to do it. :sharebeer
by Barcelonasteve
Thu Jan 16, 2020 9:55 pm
Forum: Personal Finance (Not Investing)
Topic: How high is health insurance going to go?
Replies: 79
Views: 6337

Re: How high is health insurance going to go?

Yeah, OP, I have a lot less than you, but will be retiring anyway soon and leaving the U.S. in part because I can avoid stupidly expensive health insurance by doing so. I watched as my supervisor delay retirement year after year as he talked health insurance costs. He’s turning 65, but still stickin...
by Barcelonasteve
Tue Dec 31, 2019 4:20 pm
Forum: Personal Finance (Not Investing)
Topic: Need advice on Parents' dire financial situation
Replies: 39
Views: 3525

Re: Need advice on Parents' dire financial situation

Can you expand on how you arrived at the SS benefit of $1,300. Would that be only your father’s benefit? If so, is your mother not eligible? Or is it their combined benefits and your mother has already started collecting (if so, how much and how long ago did she start)?
by Barcelonasteve
Mon Dec 30, 2019 3:33 pm
Forum: Personal Finance (Not Investing)
Topic: Help me get my young-adult daughter to save.
Replies: 30
Views: 2396

Re: Help me get my young-adult daughter to save.

I suggested something like this to a friend who promised his daughter $50k if she went to a lower cost state school. My suggestion was for him to contribute 80% against her 20% in a Roth the first year, with his contributions decreasing each year as hers increased over several years. I have no idea ...
by Barcelonasteve
Sun Dec 29, 2019 7:05 pm
Forum: Personal Investments
Topic: Retirement outside USA - How does Roth work?
Replies: 18
Views: 5747

Re: Retirement outside USA - How does Roth work?

As Bernard said, it depends on the country. I've looked into several EU countries as retirement destinations. Portugal’s scheme proving no tax on foreign income for 10 years is attractive, but concerns are (a) planting roots only to have the program, which is very unpopular with the Portuguese, end ...
by Barcelonasteve
Mon Dec 23, 2019 11:56 pm
Forum: Personal Consumer Issues
Topic: Quality Power-Tool Brands
Replies: 93
Views: 5907

Re: Quality Power-Tool Brands

Festool if you can find them on craigslist for a decent price. The company used to sell recons occasionally at amazing discounts, but rejiggered things so that it’s nowhere near as good a deal. I have a combination drill/impact driver that I like, but it is a compromise and isn’t in the same league ...
by Barcelonasteve
Mon Dec 23, 2019 11:19 am
Forum: Personal Finance (Not Investing)
Topic: Questions about my plan to move from U.S. to Portugal in retirement
Replies: 6
Views: 1602

Re: Questions about my plan to move from U.S. to Portugal in retirement

Thanks for the heads up about brokerage accounts. I think I had noticed something about that, but I've had so many other things on my mind I ignored it. I guess I should start looking into it in the next few months to come up with a plan. As for the Roth conversion question, I don't think I communic...
by Barcelonasteve
Sat Dec 21, 2019 11:16 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone start saving late and still retire early?
Replies: 61
Views: 5591

Re: Anyone start saving late and still retire early?

When I was 36 in 2002, my and my wife’s net worth was probably -$140,000 (mortgage and student loans) with combined incomes of $65,000 that climbed slowly to about $140,000 until a couple of years ago when my wife started receiving a pension, but continued working. I’m about 15 months from retiring ...
by Barcelonasteve
Sat Dec 21, 2019 5:55 pm
Forum: Personal Finance (Not Investing)
Topic: Questions about my plan to move from U.S. to Portugal in retirement
Replies: 6
Views: 1602

Questions about my plan to move from U.S. to Portugal in retirement

I will retire in April 2021 and move from the U.S. to Europe with my wife late that same year. We are Italian (and U.S.) citizens and can live in any country we’re interested in. Portugal is at the top of my list at the moment because of the non-habitual resident program that would relieve us of pay...
by Barcelonasteve
Mon Nov 25, 2019 9:37 pm
Forum: Personal Finance (Not Investing)
Topic: House considered retirement?
Replies: 33
Views: 2829

Re: House considered retirement?

Seems like selling would result in a big tax hit that might be avoided were the equivalent asset instead retirement accounts with the ability to control withdrawals. I think it’s part of a retirement portfolio since you either own the roof over your head or pay someone to use theirs, but maybe not t...