Search found 1743 matches

by mlebuf
Fri Aug 18, 2017 3:48 am
Forum: Personal Finance (Not Investing)
Topic: Reverse Mortgage Considerations
Replies: 52
Views: 3571

Re: Reverse Mortgage Considerations

mlebuf, so you only have the up front $125 fee? Are there any other fees? Is there a sweet spot in home value to "game" this scheme? It would seem that if this was done at 62 it could be possible that 15-20 years later the line of credit could be more than the value of the home. The $125 fee was th...
by mlebuf
Thu Aug 17, 2017 9:29 pm
Forum: Personal Finance (Not Investing)
Topic: Reverse Mortgage Considerations
Replies: 52
Views: 3571

Re: Reverse Mortgage Considerations

Can the lender ever close your HECM LOC if you don't use it ? This is something that can happen to a HELOC (and has, during financial crises). If not, I would think this would be a nice advantage of HECM vs HELOC. The HECM line of credit remains open until the home is sold or the last of the owners...
by mlebuf
Thu Aug 17, 2017 5:13 pm
Forum: Personal Finance (Not Investing)
Topic: Reverse Mortgage Considerations
Replies: 52
Views: 3571

Re: Reverse Mortgage Considerations

I'm curious, on your original line of credit ($370K) what was the estimated value of your home? Our home appraised for well over $1 million. However, the limit one can borrow on a HECM is a percentage of a maximum of $625,000 no matter what the value of the house is. There is a formula for determin...
by mlebuf
Thu Aug 17, 2017 1:33 am
Forum: Personal Finance (Not Investing)
Topic: Reverse Mortgage Considerations
Replies: 52
Views: 3571

Re: Reverse Mortgage Considerations

If you have a Flagship portfolio and no mortgage, why did/do you feel you need hundreds of thousands of dollars in credit, with your home as collateral? Could you not simply get a loan (or a bank line of credit) with your $1m+ in assets as collateral? I suppose it's similar to a HELOC, albeit with ...
by mlebuf
Wed Aug 16, 2017 8:05 pm
Forum: Personal Finance (Not Investing)
Topic: Reverse Mortgage Considerations
Replies: 52
Views: 3571

Re: Reverse Mortgage Considerations

First person experience: Last August with some counseling from Wade Pfau, I opted for a reverse mortgage with the plan to use the money as a line of credit. Our home is paid for and we have a Flagship portfolio. Our only debts are monthly credit card bills we pay off each month. We will probably nev...
by mlebuf
Sun Aug 13, 2017 6:29 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone moved to another state for lower cost of living?
Replies: 72
Views: 10538

Re: Anyone moved to another state for lower cost of living?

I moved from New Orleans to the Phoenix/Scottsdale area over 20 years ago. Cost of living here is slightly higher but quality of life is 100 percent better. As for summers in in the Arizona desert: After experiencing the heat and humidity of the Gulf Coast, Phoenix summers are a walk in the park. I ...
by mlebuf
Sun Jul 30, 2017 4:06 am
Forum: Personal Finance (Not Investing)
Topic: Master's or Master's PLUS MBA Dual Degree
Replies: 14
Views: 1156

Re: Master's or Master's PLUS MBA Dual Degree

There is an old but true saying: "There is no traffic jam on the extra mile." I know what it's like to be tired of school, as do many others on this forum. However, having a couple of graduate degrees made an enormous difference in my life and career. A lot more people know what an MBA is ...
by mlebuf
Sat Jul 22, 2017 10:11 pm
Forum: Investing - Theory, News & General
Topic: Do you find financial advisors to be all that bright?
Replies: 53
Views: 4899

Re: Do you find financial advisors to be all that bright?

Titles that contain words such as financial, investment, consultant, representative, expert, planner, strategist etc. are almost always code words for "salesperson." There is almost always a conflict of interest between them selling you what is best for you vs. selling you what makes the m...
by mlebuf
Thu Jul 20, 2017 3:28 am
Forum: Personal Consumer Issues
Topic: Books not to read.
Replies: 155
Views: 11905

Re: Books not to read.

Spending time finishing unnecessary, useless books is an enormous waste our most precious resource: Time. You don't have to eat an entire apple to know that it's rotten. I found "The Millionaire Next Door" to be a very useful book capable of helping many people. It exploded the commonly po...
by mlebuf
Fri Jul 14, 2017 2:03 am
Forum: Personal Consumer Issues
Topic: Moving a car cross country
Replies: 54
Views: 2728

Re: Moving a car cross country

Over 20 years ago I moved from New Orleans to Arizona. I paid the moving company that was moving the furniture, etc. to drive my car onto the van and transport it with the rest of the stuff. You may want to check that out.
by mlebuf
Fri Jun 02, 2017 1:55 am
Forum: Personal Finance (Not Investing)
Topic: Is Flagship membership status worth a $50 [transaction] fee?
Replies: 40
Views: 5497

Re: Is Flagship membership status worth a $50 one time fee?

I've been a Flagship member since 1998. Would I pay for it? No.
by mlebuf
Wed May 31, 2017 10:35 pm
Forum: Personal Finance (Not Investing)
Topic: Teachers: what are your best personal finance tips?
Replies: 78
Views: 7572

Re: Teachers: what are your best personal finance tips?

In the '70's I was a professor teaching Management at U. of New Orleans. I saw my salary being eroded by stagflation and realized that I had to do something. I wrote a book that led to writing more books, speaking, etc. The result is that I took an early retirement age 47, twelve years after I start...
by mlebuf
Mon May 22, 2017 5:35 pm
Forum: Personal Finance (Not Investing)
Topic: Net worth is overrated
Replies: 76
Views: 9897

Re: Net worth is overrated

House Blend wrote:+1. I have no use for net worth.


If anyone has no use for their net worth, I'll be happy to receive it. :sharebeer
by mlebuf
Sun May 21, 2017 1:23 am
Forum: Personal Consumer Issues
Topic: Bad experience with 'rescuing' a lost dog
Replies: 38
Views: 3764

Re: Bad experience with 'rescuing' a lost dog

If all contact with the "owner" and the "police" was over the telephone, how can your friend be sure he was talking to either? Seems likely a scam to me. Think about it: How would the owner be able to prove the dog is his if it did not have a collar or microchip? Lots of dogs loo...
by mlebuf
Sat May 20, 2017 8:01 pm
Forum: Personal Consumer Issues
Topic: Chandler, AZ
Replies: 35
Views: 3081

Re: Chandler, AZ

Hi Retired CPA, I relocated from metro New Orleans to the metro Phoenix area 21 years ago. I traded heat, humidity and hurricanes for more heat, much less humidity and no hurricanes. It was a very good deal for me. I tell people who don't live here that we have two seasons: spring and hell. In my op...
by mlebuf
Sat May 13, 2017 5:40 pm
Forum: Personal Finance (Not Investing)
Topic: How Old Habits Can Sabotage Retirement
Replies: 51
Views: 7791

How Old Habits Can Sabotage Retirement

That is the topic of an excellent article written by Meir Statman, a Finance professor at Santa Clara University. The beginning paragraphs read: Imagine spending a lifetime acquiring habits that offer the promise of a longer, happier and more fulfilling life. Then imagine that to have that fulfillin...
by mlebuf
Wed May 10, 2017 8:28 pm
Forum: Personal Consumer Issues
Topic: What newspaper or magazine do you pay for?
Replies: 107
Views: 5664

Re: What newspaper or magazine do you pay for?

"The Wall Street Journal" online and nothing else.

"If you don't read the newspaper, you're uninformed. If you read the newspaper, you're mis-informed."
- Mark Twain :sharebeer
by mlebuf
Tue May 09, 2017 2:01 am
Forum: Local Chapters and Bogleheads Community
Topic: HAPPY BIRTHDAY MR. BOGLE: Let's Get The Party Started One Day Early
Replies: 68
Views: 4144

Re: HAPPY BIRTHDAY MR. BOGLE: Let's Get The Party Started One Day Early

From the dedication of our Bogleheads' Guide to Investing: "To John C. Bogle, founder of The Vanguard Group A man whom we knew from afar for many years but have since come to know and cherish as a friend. While some mutual fund founders chose to make billions, he chose to make a difference.&qu...
by mlebuf
Wed Apr 26, 2017 8:45 pm
Forum: Personal Consumer Issues
Topic: How to find a good local mechanic?
Replies: 19
Views: 1107

Re: How to find a good local mechanic?

We found a good local mechanic that was recommended to us by a friend.
by mlebuf
Sun Apr 23, 2017 9:32 pm
Forum: Local Chapters and Bogleheads Community
Topic: The next generation of Boglehead authors
Replies: 41
Views: 4207

Re: The next generation of Boglehead authors

IMO, Morgan Housel is the brighest young financial writer out there.

http://www.morganhousel.com

Previous Columns: http://www.fool.com/author/1611/index.aspx
by mlebuf
Sun Apr 16, 2017 8:00 pm
Forum: Investing - Theory, News & General
Topic: [Vanguard Is Growing Faster Than Everybody Else Combined]
Replies: 34
Views: 2587

CNBC: Vanguard Is Growing Faster Than Everybody Else Combined

From the article: By any measure, these are staggering figures. Vanguard's assets under management have skyrocketed to $4.2 trillion from $1 trillion seven years ago, according to the company. About $3 trillion of this is invested in passive index-based strategies, with the rest in funds that rely o...
by mlebuf
Fri Apr 14, 2017 1:12 am
Forum: Personal Consumer Issues
Topic: which tv and size to buy
Replies: 41
Views: 4092

Re: which tv and size to buy

We have 4 TVs ranging in size from 32 to 90 inches. Two are Samsung, one is a Sony and the other is a Sharp. I don't see a dime's worth of difference between them when it comes to picture quality. They all look great. Generally, bigger is better unless you are sitting so close to the TV that you can...
by mlebuf
Thu Mar 30, 2017 3:28 am
Forum: Personal Finance (Not Investing)
Topic: When do you plan to die?
Replies: 165
Views: 12557

Re: When do you plan to die?

Sometime well before my assets are spent. There's no point in being the richest person in the cemetery, but I don't want to run out of money before my time is up. Now, what time is it? :D
by mlebuf
Sat Mar 25, 2017 10:11 pm
Forum: Personal Consumer Issues
Topic: In-N-Out Burger - Best Chain Fast Food Burger Joint?
Replies: 157
Views: 22446

Re: In-N-Out Burger - Best Chain Fast Food Burger Joint?

Which brand of burger one prefers is simply a matter of personal taste. In-N-Out-Burgers taste great to me and Wendy's burgers taste terrible. But those are just my personal tastes. We have an In-N-Out-Burger about a 10 minute drive from here. Every time I visit, there is a sizeable line at both the...
by mlebuf
Fri Feb 24, 2017 11:19 pm
Forum: Local Chapters and Bogleheads Community
Topic: HAPPY 21ST HEARTDAY, JACK BOGLE
Replies: 24
Views: 1948

Re: HAPPY 21ST HEARTDAY, JACK BOGLE

Hi Jack, Here's wishing you a belated happy heart day from Elke and me. While the story of the new heart adding years to your life is miraculous, what I find more astounding is that you accomplished all that you did between ages 31 and 66 with a bad heart and lived to tell about it. You are amazing!
by mlebuf
Thu Feb 16, 2017 2:57 pm
Forum: Personal Finance (Not Investing)
Topic: What's the secret to happiness?
Replies: 39
Views: 3123

Re: What's the secret to happiness?

The way I see it, happiness is a byproduct of 4 ingredients: 1. Good health 2. Enough money to have control over your time and live the lifestyle you want 3. Meaningful, purposeful activities, be it work, hobbies, volunteering or whatever 4. Enjoyable relationships with friends, family, etc. The hig...
by mlebuf
Wed Feb 15, 2017 12:44 am
Forum: Personal Finance (Not Investing)
Topic: Early Retirement
Replies: 21
Views: 2922

Re: Early Retirement

If you don't enjoy your current work, take the money and run. You probably have decades ahead to enjoy the harvest sown by you and your wife. You can't buy time and none of us know how much we have left. My only caveat would be that you have good health care coverage in place until both of you reach...
by mlebuf
Mon Jan 30, 2017 12:14 pm
Forum: Personal Finance (Not Investing)
Topic: Suze Orman - Let the Buyer Beware
Replies: 26
Views: 6313

Suze Orman - Let the Buyer Beware

Most Bogleheads know better but for those who don't, you may want to pass this link onto to them:
https://www.youtube.com/watch?v=wZJh25-sO98
by mlebuf
Sun Jan 29, 2017 2:49 am
Forum: Personal Consumer Issues
Topic: where to retire?
Replies: 63
Views: 6791

Re: where to retire?

Hi sil2017, My tastes and preferences for a place to live/retire was similar to yours. I moved from the New Orleans area to Scottsdale, AZ 21 years ago and love it. But that does not mean that you will. If you want to be around a large body of water, it's not for you. If extreme heat in the summer b...
by mlebuf
Fri Jan 27, 2017 4:04 pm
Forum: Local Chapters and Bogleheads Community
Topic: HAPPY 93RD BIRTHDAY, TAYLOR!
Replies: 199
Views: 10040

Re: HAPPY 93RD BIRTHDAY, TAYLOR!

Hi Taylor, Wishing you a belated very happy birthday. To paraphrase Jack Bogle, I want to be like you when I grow up. Your leadership on this forum has been and continues to be immeasurable. You and Mel were a pleasure to work with on "The Bogleheads' Guide to Investing." You are a great f...
by mlebuf
Wed Jan 18, 2017 1:29 am
Forum: Personal Finance (Not Investing)
Topic: What monetary value has your education provided you?
Replies: 107
Views: 6662

Re: What monetary value has your education provided you?

Not adjusting for inflation, my lifetime earnings are somewhere between 30 and 40 times the cost of my college and grad school education. That's a pretty good return considering that I've been mostly retired for well over 20 years and living mostly off of accumulated wealth and pensions. Those of us...
by mlebuf
Tue Jan 10, 2017 3:22 am
Forum: Local Chapters and Bogleheads Community
Topic: Sad News About a Respected Forum Member
Replies: 118
Views: 21190

Re: Sad News About a Respected Forum Member

Hi Ole Meph,

It's been said that we make a living by what we get but we make a life by what we give. Many of us are grateful to you for the wise counsel you gave to many. It's people like you who make this forum special. See you on the other side. God bless.
by mlebuf
Thu Jan 05, 2017 4:18 pm
Forum: Investing - Theory, News & General
Topic: "How To Sell Finance Books Like Harry Dent"
Replies: 11
Views: 1248

Re: "How To Sell Finance Books Like Harry Dent"

As we wrote in the first Boglehead's book, calling such works, "investment porn" is actually flattering. Real pornographers deliver what they promise. Authors and gold pitchmen who forecast major booms and busts prey on financial illiteracy.
by mlebuf
Wed Jan 04, 2017 3:15 pm
Forum: Personal Finance (Not Investing)
Topic: Investing in a Masters and Ph.D?
Replies: 101
Views: 6156

Re: Investing in a Masters and Ph.D?

MathWizard wrote:Yes, I have a PhD, but the only people who address my mail with doctor are the people at my alma mater
asking for money.

+1 Now I don't feel like the Lone Ranger. :beer
by mlebuf
Wed Jan 04, 2017 4:19 am
Forum: Personal Finance (Not Investing)
Topic: Investing in a Masters and Ph.D?
Replies: 101
Views: 6156

Re: Investing in a Masters and Ph.D?

I got a Ph.D. at age 27 and it paid off handsomely for two reasons: 1. I was young and had many earning years left. 2. I majored in Management and minored in Accounting and Statistics. There was a tremendous shortage of B-school professors and starting salaries were excellent. My 9-month starting sa...
by mlebuf
Fri Dec 23, 2016 3:41 am
Forum: Personal Consumer Issues
Topic: How to become a public speaker?
Replies: 30
Views: 3080

Re: How to become a public speaker?

There is a national organization for professional speakers called the National Speakers Association (NSA). If she wants to know what it is like to try and earn money speaking, she should attend some of their meetings. There are local chapters throughout the world. NSA is an excellent resource for t...
by mlebuf
Tue Dec 20, 2016 2:32 am
Forum: Personal Finance (Not Investing)
Topic: Should we get LTC Insurance?
Replies: 22
Views: 3012

Re: Should we get LTC Insurance?

Buying LTC at a low rate today does not guarantee that the rate will not increase in the future. The only guarantee is that if you get a rate increase, everyone else in your state will get a rate increase too. That is my understanding. We purchased LTC policies in our mid/late 50's almost 15 years a...
by mlebuf
Wed Dec 14, 2016 6:31 pm
Forum: Personal Finance (Not Investing)
Topic: What happens to those who don't invest?
Replies: 70
Views: 5014

Re: What happens to those who don't invest?

People with less wealth at retirement live fewer years and don't enjoy what most of us would consider a good quality of life. This brief article by Scott Burns provides an overview: https://assetbuilder.com/knowledge-cent ... gevity-gap
by mlebuf
Fri Dec 09, 2016 11:16 pm
Forum: Investing - Help with Personal Investments
Topic: Retiring in a Decade after Graduation
Replies: 131
Views: 16466

Re: Retiring in a Decade after Graduation

In the words of the wise Mike Tyson, "Everyone has a plan 'till they get punched in the mouth". Obviously we all wish the OP luck in this goal, but life happens. Plan and be smart with your money as you wish, but wisdom will teach you life turns out very differently than you plan. You may...
by mlebuf
Thu Dec 08, 2016 2:59 am
Forum: Investing - Help with Personal Investments
Topic: Retiring in a Decade after Graduation
Replies: 131
Views: 16466

Re: Retiring in a Decade after Graduation

Thank you everyone for the replies although many were negative or entirely unhelpful and didn't answer the question. I have no problem living below my means and not living like a typical American that has to have a brand new car. I drive a 03 chevy malibu. I mainly want to be able to live life on m...
by mlebuf
Wed Dec 07, 2016 3:13 pm
Forum: Personal Consumer Issues
Topic: What to get a 13 Y/O who's interested in money?
Replies: 32
Views: 1840

Re: What to get a 13 Y/O who's interested in money?

Hi TRC, I recommend getting him a copy of "The Teenage Investor" by Tim Olsen. Tim wrote the book and had it published at age 13. It's the perfect book for a young Boglehead. Used copies and the Kindle edition are still available. Tim was on the Morningstar Vanguard Diehards Forum when he ...
by mlebuf
Wed Dec 07, 2016 2:46 pm
Forum: Investing - Help with Personal Investments
Topic: Retiring in a Decade after Graduation
Replies: 131
Views: 16466

Re: Retiring in a Decade after Graduation

You may want to check John Greaney's "Retire Early Homepage:" m John is an engineer who lived frugally and invested his savings. I believe he retired from his engineering career in his late 30's. Some years ago I met another engineer who worked for IBM in NY state. He saved/invested until ...
by mlebuf
Tue Dec 06, 2016 12:23 am
Forum: Personal Consumer Issues
Topic: Best printers for home use
Replies: 67
Views: 6245

Re: Best printers for home use

Eighteen months ago I had problems with an HP printer and got zero support from HP. I asked the Bogleheads for a recommendation and checked online reviews. https://www.bogleheads.org/forum/viewtopic.php?t=166817 Based on Boglehead recommendations and online reviews, I decided to buy an Epson WorkFor...
by mlebuf
Sat Dec 03, 2016 2:19 pm
Forum: Personal Consumer Issues
Topic: "Getting Things Done"-David Allen
Replies: 71
Views: 5015

Re: "Getting Things Done"-David Allen

Tycoon wrote:
I've used the ABC method and found it highly effective. Did Covey "borrow" it from you?


No, it has been around for years and I did not originate it. Like investing, I found the best time management strategies and techniques to be the simple ones.
by mlebuf
Sat Dec 03, 2016 3:17 am
Forum: Personal Consumer Issues
Topic: "Getting Things Done"-David Allen
Replies: 71
Views: 5015

Re: "Getting Things Done"-David Allen

I know a little bit about time management. My first book, WORKING SMART: How to Accomplish More in Half the Time was published by McGraw-Hill in 1979 and in paperback by Warner Books in 1980. Excerpts of the book were published in "Reader's Digest," "Glamour" and a bunch of other...
by mlebuf
Thu Dec 01, 2016 12:52 am
Forum: Personal Finance (Not Investing)
Topic: Feeling like you've "made it"
Replies: 107
Views: 11777

Re: Feeling like you've "made it"

II know we're in very good shape by any objective measure: educated, good health, $500k net worth, 50% savings rate, and I recently hit a target in my career that should set me up for more success in the future. You both are off to a great start, but it's far too young to declare that you have made...
by mlebuf
Sat Nov 19, 2016 10:36 pm
Forum: Investing - Help with Personal Investments
Topic: Ph.D. Student seeking Investment Advice
Replies: 12
Views: 1726

Re: Ph.D. Student seeking Investment Advice

Can you find a way to shorten the number of years of your program? I guess every doctoral program is different but I went from a bachelor's degree to a Ph.D. in 7 semesters and 2 summer schools. It was made possible by taking some advanced courses in my senior year and some of the Ph.D. requirements...
by mlebuf
Fri Nov 18, 2016 5:29 pm
Forum: Personal Consumer Issues
Topic: Vacation spots on Alabama's Gulf coast
Replies: 27
Views: 2843

Re: Vacation spots on Alabama's Gulf coast

Consider staying at Marriott's Grand Hotel in Point Clear, AL. Great property overlooking the Gulf. Just beautiful.

https://www.google.com/maps/uv?hl=en&pb ... oioIiAEwCg