Search found 30 matches

by howard71
Sat Jan 16, 2021 2:50 pm
Forum: Personal Investments
Topic: Roth Withdrawal to pay tax
Replies: 10
Views: 671

Re: Roth Withdrawal to pay tax

I adopted the tax strategy of paying my taxes from a single RMD from my traditional IRA at the end of the year. There is a special provision in the tax law that allows you to do this without incurring penalties. I think this is a good strategy even though it forced me to take an RMD this year when I...
by howard71
Sat Jan 02, 2021 4:38 pm
Forum: Personal Finance (Not Investing)
Topic: What did you spend in 2020?
Replies: 204
Views: 12641

Re: What did you spend in 2020?

$73,314 was spent on take home pay of $91,708 (My SS and wife's salary). The rest ($18,394) went to savings. Wife also maxed out 401k.

Includes about $18k spent on new furniture and refrigerator.

No major vacations in 2020 due to Covid. Hoping that will change in 2021.
by howard71
Fri Jan 01, 2021 1:48 pm
Forum: Investing - Theory, News & General
Topic: How much cash do you hold in your investment account?
Replies: 53
Views: 4397

Re: How much cash do you hold in your investment account?

I keep 20% cash in all of my accounts. By that I mean T-Bills or a short term government bond fund.

That is what the Golden Butterfly portfolio calls for. With the Permanent Portfolio which the GB is based on, it's 25%.
by howard71
Fri Jan 01, 2021 1:40 pm
Forum: Investing - Theory, News & General
Topic: I have a question about this article on rebalancing.
Replies: 14
Views: 802

Re: I have a question about this article on rebalancing.

How can a rebalanced portfolio possibly boost returns when the market is generally upward moving? I think it was Peter Finch who likened rebalancing to "Trimming the flowers and watering the weeds". Or something like that. I don't do any regular rebalancing and only rebalance once a year ...
by howard71
Wed Dec 30, 2020 3:34 pm
Forum: Personal Finance (Not Investing)
Topic: Advice for relatively Low Net Worth Retirement
Replies: 40
Views: 3107

Re: Advice for relatively Low Net Worth Retirement

Relatively low net worth? Compared to who, the Vanderbilt's? I just came in here to see if "low" was over $1mm. Yep. Check. Bias confirmed. :oops: Not to mention $2620 monthly pension and SS income. The book "The Millionaire Next Door" was published 24 years ago so if you count ...
by howard71
Wed Dec 30, 2020 3:00 pm
Forum: Personal Finance (Not Investing)
Topic: Advice for relatively Low Net Worth Retirement
Replies: 40
Views: 3107

Re: Advice for relatively Low Net Worth Retirement

I retired almost one year ago today at the age of 67 and our investment portfolio (not net worth) was worth almost exactly $1M at the time. With my wife still working (she's 17 years younger) but me delaying SS to age 70 to get the max I resolved to budget my spending to the point where we always ha...
by howard71
Tue Dec 29, 2020 4:59 pm
Forum: Personal Finance (Not Investing)
Topic: Advice for relatively Low Net Worth Retirement
Replies: 40
Views: 3107

Re: Advice for relatively Low Net Worth Retirement

Engaging in sloth wrote: Tue Dec 29, 2020 3:42 pm Liquidity nearing $1.1M AA 30/70 (cash)
Not sure what that means. 70% cash?
by howard71
Tue Dec 29, 2020 4:33 pm
Forum: Personal Finance (Not Investing)
Topic: Did I get scammed?
Replies: 11
Views: 3661

Re: Did I get scammed?

I don't remember whether it was Loan Depot or somebody else but when I first applied for refinancing this year my phone started ringing off the hook almost immediately. I eventually had to put it on Do Not Disturb and start blocking numbers. About a month after that experience I tried again but used...
by howard71
Tue Dec 29, 2020 3:42 pm
Forum: Personal Finance (Not Investing)
Topic: No Peeking - 2021 Goal to not look at balances
Replies: 94
Views: 5681

Re: No Peeking - 2021 Goal to not look at balances

I think you can get a general idea of how your portfolio is doing just by taking a quick, occasional glance at what the asset groups are doing (Stocks, Bonds, Gold, etc). No need to look otherwise except to do a detailed analysis for possible rebalancing which I usually do around this time of year. ...
by howard71
Sun Dec 27, 2020 11:57 am
Forum: Personal Consumer Issues
Topic: Attn: All Floridians & Arizonans! [Where to Retire in FL/AZ]
Replies: 73
Views: 5994

Re: Attn: All Floridians & Arizonans!

Sarasota/Bradenton would be a great choice for retirement. I'm in Tampa but was just down there a couple of weeks ago. Don't remember any hurricanes hitting down there but I may have forgotten. They tend to round the corner down in the keys and then head north so we don't get them as often as the Pa...
by howard71
Fri Dec 04, 2020 6:22 pm
Forum: Personal Finance (Not Investing)
Topic: what’s a realistic salary for an IT specialist?
Replies: 48
Views: 4570

Re: what’s a realistic salary for an IT specialist?

I was an independent contractor as a software developer from 1995 to about 2005, after a long and successful period as a salaried employee. I was making $100 per hour and was once even paid $1k/day with a five day minimum and a first class plane ticket just to help a company solve a problem they cou...
by howard71
Wed Dec 02, 2020 7:04 pm
Forum: Personal Consumer Issues
Topic: Do you feel you need more lighting at home as you age?
Replies: 17
Views: 1129

Re: Do you feel you need more lighting at home as you age?

I'm 71 and haven't noticed this yet.
by howard71
Wed Dec 02, 2020 2:26 pm
Forum: Investing - Theory, News & General
Topic: after 1 million, what makes a difference?
Replies: 162
Views: 17933

Re: after 1 million, what makes a difference?

You don't know what tomorrow will bring no matter how much money you have so developing sensible habits of saving and spending and sticking to them seems like the only prudent thing to do to me.
by howard71
Thu Nov 26, 2020 5:13 pm
Forum: Investing - Theory, News & General
Topic: Silliest Investment Mistakes?
Replies: 171
Views: 13958

Re: Silliest Investment Mistakes?

For an embarrassingly long time, I didn't contribute to an HSA because I thought the money was restricted to cash/money market. I had no idea I could invest it. I can relate to that one. I don't remember when I first had access to HSA's but I remember writing the whole idea off because I had it con...
by howard71
Wed Nov 25, 2020 3:15 pm
Forum: Investing - Theory, News & General
Topic: If you roll your own financial analysis tools, what do you use?
Replies: 56
Views: 3558

Re: If you roll your own financial analysis tools, what do you use?

Is anyone here familiar with how aggregators like Personal Capital and others manage to pull data from your financial institutions in some sort of recognizable format? I don't mean how do you connect and login. I have lots of experience doing that. The question is what do you do after that to pull ...
by howard71
Tue Nov 24, 2020 3:43 pm
Forum: Investing - Theory, News & General
Topic: If you roll your own financial analysis tools, what do you use?
Replies: 56
Views: 3558

Re: If you roll your own financial analysis tools, what do you use?

Is anyone here familiar with how aggregators like Personal Capital and others manage to pull data from your financial institutions in some sort of recognizable format? I don't mean how do you connect and login. I have lots of experience doing that. The question is what do you do after that to pull a...
by howard71
Mon Nov 23, 2020 4:26 pm
Forum: Personal Consumer Issues
Topic: New television and help to learn to use for senior parents
Replies: 17
Views: 870

Re: New television and help to learn to use for senior parents

The solution that has worked best for me when I've had to introduce reluctant seniors to a new TV is to get a simple dumb remote control only does on/off, volume, and channel change for them to use and store the remote that came with the TV away. If they hit a wrong button or two on a regular remot...
by howard71
Mon Nov 23, 2020 3:53 pm
Forum: Personal Consumer Issues
Topic: New television and help to learn to use for senior parents
Replies: 17
Views: 870

Re: New television and help to learn to use for senior parents

This could be tough. Many TVs come with a netflux button on the remote. That would be a smart TV and probably is the simplest way to go. Much easier than cable, IMO. Pretty damn cheap nowadays too. You need an internet connection for it to work however. Having said that I have two Vizio TV's with s...
by howard71
Mon Nov 23, 2020 3:45 pm
Forum: Investing - Theory, News & General
Topic: Silliest Investment Mistakes?
Replies: 171
Views: 13958

Re: Silliest Investment Mistakes?

1. Not realizing that "bubbles" are real things until it was too late. The first was the dot com bubble in which I lost a lot on Fidelity's Aggressive Growth Fund. The second was when I bought my current house right at the peak of the bubble just before everything crashed. 2. Having a fina...
by howard71
Mon Nov 23, 2020 3:29 pm
Forum: Investing - Theory, News & General
Topic: If you roll your own financial analysis tools, what do you use?
Replies: 56
Views: 3558

Re: If you roll your own financial analysis tools, what do you use?

I use Google Sheets Same here. But I do very little “analysis.” Mainly short term cash flow planning and estimated tax calculations. My spreadsheet doesn't import any data or do any kind of deep technical analysis. Not really interested in that sort of thing. I just enter each line item from all of...
by howard71
Sat Nov 21, 2020 5:28 pm
Forum: Investing - Theory, News & General
Topic: Ray Dalio: ‘you’d be pretty crazy to hold bonds’ right now
Replies: 151
Views: 18651

Re: Ray Dalio: ‘you’d be pretty crazy to hold bonds’ right now

Damn, I don't want to be accused of being crazy so I checked my IRA on Fidelity which is one place I hold Long Term bonds. I've gotten better long term gains from stocks and gold, to be sure, but it doesn't look all that crazy to me. And twice a year I even get coupon payments. So should I sell all ...
by howard71
Sat Nov 21, 2020 4:03 pm
Forum: Personal Finance (Not Investing)
Topic: Can someone check my math and my logic on this?
Replies: 28
Views: 3011

Re: Can someone check my math and my logic on this?

I think there are just too many unknown variables involved to reduce this problem to simple math and logic. You don't know what kind of return you will get on your investment and you don't know if your house is going to increase or decrease in value over time and how long you will keep it. You can o...
by howard71
Sat Nov 21, 2020 3:48 pm
Forum: Personal Investments
Topic: What is your percentage of debt to NW?
Replies: 139
Views: 7772

Re: What is your percentage of debt to NW?

12% - Only debt is a mortgage just refinanced for 30 years. Pay cash for everything else unless I get a good zero-finance deal. I'm retired.
by howard71
Sat Nov 21, 2020 3:33 pm
Forum: Personal Finance (Not Investing)
Topic: Pandemic reduced our spending by 30% - How about you?
Replies: 118
Views: 8007

Re: Pandemic reduced our spending by 30% - How about you?

The amount of money we usually spent on travelling was more than offset by the upgrades made to our home while we were cocooning. We had to cancel our planned trip to Europe but we have some nice new furniture and appliances. Especially enjoying the patio which we never used before but now it's nice...
by howard71
Thu Nov 19, 2020 3:35 pm
Forum: Personal Finance (Not Investing)
Topic: Cons to 15-year refinance w/ spare cash
Replies: 19
Views: 1652

Re: Cons to 15-year refinance w/ spare cash

My investing philosophy when it comes to home ownership is to always go for the lowest payment with the least amount of money invested. I just refinanced @3%, resetting the loan to 30 years, which is the second time I've done it in in the past 10 years. Got my payment down to $868/month from $1250/m...
by howard71
Thu Nov 19, 2020 2:32 pm
Forum: Personal Finance (Not Investing)
Topic: Disclaiming an inheritance
Replies: 25
Views: 3349

Re: Disclaiming an inheritance

My mother died last year and both my brother and I disclaimed the inheritance in favor of my sister. I had originally planned to do this by gifting the money to my sister but when my brother looked into it, all we had to do was sign some papers to release the accounts to my sister. It was all cash s...
by howard71
Mon Nov 09, 2020 2:00 pm
Forum: Investing - Theory, News & General
Topic: If retired, what's your allocation to fixed income?
Replies: 107
Views: 10345

Re: If retired, what's your allocation to fixed income?

20% - as called for by the Golden Butterfly portfolio
by howard71
Wed Oct 28, 2020 11:32 am
Forum: Personal Finance (Not Investing)
Topic: Yet another pay down my mortgage thread....
Replies: 37
Views: 2054

Re: Yet another pay down my mortgage thread....

I can't see how there is much of any benefit to applying that $100k to your mortgage other than the psychological satisfaction of lowering your debts (which isn't nothing, of course). It isn't going to reduce your payments and it isn't going to pay off the mortgage any faster than it would if you se...