Search found 2124 matches

by Random Poster
Thu May 28, 2020 7:57 pm
Forum: Personal Investments
Topic: Any retirees get through Covid crisis without large cash reserve?
Replies: 63
Views: 4199

Re: Any retirees get through Covid crisis without large cash reserve?

And then bonds promptly recovered, and stocks are by now almost fully recovered. Government intervention can be a wonderful thing. Is it not sheer speculation that when a large cash need has materialized that everything will drop at once? More often than not both bonds and stocks are up, why else w...
by Random Poster
Thu May 28, 2020 4:16 pm
Forum: Personal Investments
Topic: Any retirees get through Covid crisis without large cash reserve?
Replies: 63
Views: 4199

Re: Any retirees get through Covid crisis without large cash reserve?

Not a likely event. Not likely doesn’t mean an event “can’t” or “won’t” occur. Besides, didnt both bonds and stocks drop at the same time during the middle of March? A mere 2 months ago? More likely one or both will be up if a large cash need arrives. Honestly, that seems like sheer speculation to ...
by Random Poster
Thu May 28, 2020 1:52 pm
Forum: Personal Investments
Topic: Any retirees get through Covid crisis without large cash reserve?
Replies: 63
Views: 4199

Re: Any retirees get through Covid crisis without large cash reserve?

heyyou wrote:
Thu May 28, 2020 1:31 pm
Pray tell, what could happen, that having a large cash reserve would matter, when shares from a bond fund can be sold as needed since the stock index shares are down?
Well, what do you do when the shares of the bond fund are down at the same time as the stock index shares are?
by Random Poster
Wed May 27, 2020 8:49 pm
Forum: Personal Finance (Not Investing)
Topic: Early Retirement Audition; House Budget; Cash Sub-Allocation Queries
Replies: 16
Views: 979

Re: Early Retirement Audition; House Budget; Cash Sub-Allocation Queries

Have you taken a look at firecalc.com or similar sites to project your retirement? At your estimated expenses you could live 100 additional years and never bottom out barring a countrywide meltdown,etc Buy whatever house makes you happy within reason. You've done great, congratulations Is there a f...
by Random Poster
Wed May 27, 2020 2:11 pm
Forum: Personal Finance (Not Investing)
Topic: Early Retirement Audition; House Budget; Cash Sub-Allocation Queries
Replies: 16
Views: 979

Re: Early Retirement Audition; House Budget; Cash Sub-Allocation Queries

bloom2708 wrote:
Wed May 27, 2020 2:08 pm
You have plenty of cash dedicated, so I think you will be fine if you stick under $500k. $450k would fit that bill. :D
Okay.

But, to be clear in case there is some confusion, I am not planning on getting a mortgage to buy a house. It would be an all-cash purchase.
by Random Poster
Wed May 27, 2020 2:03 pm
Forum: Personal Finance (Not Investing)
Topic: Early Retirement Audition; House Budget; Cash Sub-Allocation Queries
Replies: 16
Views: 979

Re: Early Retirement Audition; House Budget; Cash Sub-Allocation Queries

Research property taxes and insurance for the areas. $75k budget with a $500k house seems light. But, you have some buffer up to $115k. *** I think you are good if you don't buy too much house. Good luck! Sorry, but where are you getting a $500k house from? The highest I proposed in my post was $45...
by Random Poster
Wed May 27, 2020 1:17 pm
Forum: Personal Finance (Not Investing)
Topic: Early Retirement Audition; House Budget; Cash Sub-Allocation Queries
Replies: 16
Views: 979

Re: Early Retirement Audition; House Budget; Cash Sub-Allocation Queries

The biggest problem that I see is having an AA that is <50% equities. Pretty conservative for a long retirement and exposes you to inflation risk. Well, the AA is 50% equities, give or take a tad based on any given day's market movements. Another potential problem is that you haven't estimated your...
by Random Poster
Wed May 27, 2020 1:07 pm
Forum: Personal Finance (Not Investing)
Topic: Early Retirement Audition; House Budget; Cash Sub-Allocation Queries
Replies: 16
Views: 979

Re: Early Retirement Audition; House Budget; Cash Sub-Allocation Queries

Is the total $3.8M or $4.5M. Can't tell from the wording on investments/vs cash. Investment total is $3.8M. The cash for housing, car replacement, living expense set-aside (essentially, money that is just "there" but ideally isn't touched unless the market tanks for 2 years straight) totals $775K. ...
by Random Poster
Wed May 27, 2020 12:01 pm
Forum: Personal Finance (Not Investing)
Topic: Early Retirement Audition; House Budget; Cash Sub-Allocation Queries
Replies: 16
Views: 979

Early Retirement Audition; House Budget; Cash Sub-Allocation Queries

Main Questions : 1) Based on the below, what is a reasonable housing budget? 2) Are the below cash sub-allocations reasonable? These two questions are sorta intertwined, but hopefully they make sense after reading the below commentary. General Background : I am 43. My wife is 40. I was laid-off in ...
by Random Poster
Tue May 26, 2020 7:32 pm
Forum: Personal Finance (Not Investing)
Topic: Amica Dividend - what's the catch?
Replies: 6
Views: 810

Re: Amica Dividend - what's the catch?

Dividend is not guaranteed and the dividend percentage can change from year to year. To wit, I have no idea what the dividend will be until I receive it.
by Random Poster
Mon May 25, 2020 1:08 pm
Forum: Personal Consumer Issues
Topic: What will you NOT buy online?
Replies: 94
Views: 5891

Re: What will you NOT buy online?

If you can be assured that what you are buying is identical to what you saw, felt, or tried on in a store, I suppose the answer is nothing, at least for me. But without being able to see, feel, or try it on first, I stay away from buying shoes and furniture online. And some clothes, from some retail...
by Random Poster
Sun May 24, 2020 4:55 am
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 5442
Views: 1350214

Re: What Movie Have You Recently Watched?

A Beautiful Day in the Neighborhood. Description: Lloyd Vogel is an investigative journalist who receives an assignment to profile Fred Rogers, aka Mr. Rogers. He approaches the interview with skepticism, as he finds it hard to believe that anyone can have such a good nature. But Roger's empathy, ki...
by Random Poster
Sat May 23, 2020 11:49 am
Forum: Personal Finance (Not Investing)
Topic: The axe falls and I am prepared. What's next?
Replies: 364
Views: 27639

Re: The axe falls and I am prepared. What's next?

market timer wrote:
Sat May 23, 2020 4:10 am
Getting laid off is a great way to retire. You don't have to second guess your decision, and you get a severance and unemployment benefits.
I like this statement. It puts a positive spin on what can be an emotionally negative experience.
by Random Poster
Fri May 22, 2020 7:50 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 5442
Views: 1350214

Re: What Movie Have You Recently Watched?

Boy Erased. Description: Jared Eamons, the son of a small-town Baptist pastor, must overcome the fallout after being outed as gay to his parents. His father and mother struggle to reconcile their love for their son with their beliefs. Fearing a loss of family, friends and community, Jared is pressur...
by Random Poster
Thu May 21, 2020 7:37 pm
Forum: Personal Investments
Topic: Portfolio review: Thinking about early retirement?
Replies: 18
Views: 1542

Re: Portfolio review: Thinking about early retirement?

The basic math seems to work out okay. Using $2.7 mil portfolio and $80k per year withdrawal you're drawing just under 3%. Do you really feel confident that you can run the whole show on $80k per year and not feel like you're depriving yourself? If so, enjoy retirement. Regards, I’m not seeing a $2...
by Random Poster
Thu May 21, 2020 1:09 pm
Forum: Investing - Theory, News & General
Topic: Vanguard brokerage account transition
Replies: 212
Views: 20967

Re: Vanguard brokerage account transition

Let's flip it around. What is YOUR reason NOT to move? If you don't have a strong reason not to, why not do it to assist with an obvious asset manager priority, be on the selected platform for the future, and generally be agreeable? Personally, I like being able to have the interest/dividends from ...
by Random Poster
Sat May 16, 2020 2:55 pm
Forum: Personal Finance (Not Investing)
Topic: Income about to be halved - what do we do?
Replies: 62
Views: 7693

Re: Income about to be halved - what do we do?

Might be able to reduce the cell phone bill a bit (or quite a bit, depending on your usage) by moving to Cricket.

They were offering 2GB a month for $15 a month. May still be, for all I know. 5GB is something like $35 a line, with auto pay discount.
by Random Poster
Thu May 14, 2020 4:19 pm
Forum: Personal Finance (Not Investing)
Topic: Unemployment Eligibility (Quit Due to Significant Changes In Work Schedule)
Replies: 4
Views: 457

Re: Unemployment Eligibility (Quit Due to Significant Changes In Work Schedule)

As an initial matter, I would suggest filing for unemployment and let the State and ex-employer fight about whether your spouse is eligible to receive unemployment benefits.
by Random Poster
Thu May 14, 2020 12:43 pm
Forum: Personal Consumer Issues
Topic: Dentist charges $10 for PPE
Replies: 234
Views: 10803

Re: Dentist charges $10 for PPE

Would you be happier if the fee was $10.31? Ok, make it $9.99 just like buying gas. :) Something more in line with actual, easily googable or amazon-searchable cost might be better. As in, if you could get 25 masks for $35 (just a made-up example, but let's say that you could) and it was obvious fr...
by Random Poster
Thu May 14, 2020 12:22 pm
Forum: Personal Consumer Issues
Topic: Dentist charges $10 for PPE
Replies: 234
Views: 10803

Re: Dentist charges $10 for PPE

I suspect part of the problem comes from some organizations historically charging bogus "extra" fees. Like the car dealership "doc" fee. The cable company "regulatory cost recovery fee." Hotel "resort fees." Consumers have come to view novel fees with suspicion, often for good reason. Good communic...
by Random Poster
Thu May 14, 2020 12:04 pm
Forum: Personal Consumer Issues
Topic: Drop Box Question
Replies: 19
Views: 1398

Re: Drop Box Question

Kenkat wrote:
Wed May 13, 2020 5:04 pm
I am in a technology career but even I get frustrated by the constant change for what sometimes seems like the sake of change and not necessarily makes anything better, just different.
That is a good way to describe a lot of app updates.
by Random Poster
Wed May 13, 2020 7:03 pm
Forum: Personal Consumer Issues
Topic: Dentist charges $10 for PPE
Replies: 234
Views: 10803

Re: Dentist charges $10 for PPE

Take the PPE fee out of your stimulus check to stimulate your local economy! If you’re not eligible for the stimulus payment, be very glad you can afford this fee! In other words, Instead of looking at the glass as half empty, see it as half full! :beer What about those who didn’t get a stimulus ch...
by Random Poster
Wed May 13, 2020 7:00 pm
Forum: Personal Consumer Issues
Topic: Dentist charges $10 for PPE
Replies: 234
Views: 10803

Re: Dentist charges $10 for PPE

Deleted. Posted a reply before seeing LadyGeek’s earlier comment to the replied post.
by Random Poster
Wed May 13, 2020 2:07 pm
Forum: Personal Consumer Issues
Topic: Dentist charges $10 for PPE
Replies: 234
Views: 10803

Re: Dentist charges $10 for PPE

Up-charging for PPE is ridiculous and already included in their base business case. This reminds me of the rental car companies charging an 'Energy Surcharge' when crude oil was above $100/bbl. Guess what is still on the bill now more than a decade later??? Agreed. I get that their costs may have i...
by Random Poster
Mon May 11, 2020 10:19 pm
Forum: Investing - Theory, News & General
Topic: Ben Felix - How to Retire Early (The 4% Rule)
Replies: 221
Views: 15465

Re: Ben Felix - How to Retire Early (The 4% Rule)

Even though he starts off with a review of the 4% rule using a 50/50 portfolio, he ends up saying that a 100% stock portfolio has a 95% or greater success rate over a 60 year term when the withdrawal rate is 2.5%? That would seem to be an exceptionally obvious conclusion, but the range of outcomes, ...
by Random Poster
Fri May 08, 2020 2:18 pm
Forum: Personal Finance (Not Investing)
Topic: How Do Early Retirees Pay for Medical
Replies: 132
Views: 9741

Re: How Do Early Retirees Pay for Medical

Alternatively, you could retire in or move to a state (Just like you might have to move if you lost your job) that has more friendly view of supporting broad access to health insurance. MA had Romney Care, I believe NJ and NY had guarantee issue, HI recently passed regulation largely mimicking ACA ...
by Random Poster
Thu May 07, 2020 6:10 pm
Forum: Personal Finance (Not Investing)
Topic: Choosing not to correct all billing/financial errors
Replies: 68
Views: 4592

Re: Choosing not to correct all billing/financial errors

Have people forgot the saying “Take care of the pennies and the pounds will take care of themselves”?
by Random Poster
Wed May 06, 2020 7:29 pm
Forum: Personal Consumer Issues
Topic: What have you baked recently?
Replies: 269
Views: 31292

Re: What have you baked recently?

Made flourless (for Passover) chocolate cake using a recipe from King Arthur Flour https://www.kingarthurflour.com/recipes/flourless-chocolate-cake-recipe . It was relatively quick and easy, my kitchen smelled heavenly for hours afterwards, and the cake was delicious (if I do say so myself)! Thanks...
by Random Poster
Sun May 03, 2020 9:53 am
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 5442
Views: 1350214

Re: What Movie Have You Recently Watched?

The Company Men. Description: A young executive at a shipping and manufacturing conglomerate, Bobby Walker (Ben Affleck) is on the fast track to the top. He is a rising star at work and has all the material trappings of success. Then his company goes through a few rounds of layoffs, so Bobby and col...
by Random Poster
Tue Apr 28, 2020 12:40 pm
Forum: Personal Consumer Issues
Topic: Hilton Vs Marriott
Replies: 16
Views: 1274

Re: Hilton Vs Marriott

Considering American Express will pay you $150 to have Diamond status I would try to get Marriott Ambassador. The problem with Hilton Diamond is that when everyone is elite, no one is elite. Yes, but the hotels know (or can easily find out) how one achieved Diamond status and they often treat the c...
by Random Poster
Tue Apr 28, 2020 12:15 pm
Forum: Personal Consumer Issues
Topic: Hilton Vs Marriott
Replies: 16
Views: 1274

Re: Hilton Vs Marriott

Considering American Express will pay you $150 to have Diamond status I would try to get Marriott Ambassador. The problem with Hilton Diamond is that when everyone is elite, no one is elite. Yes, but the hotels know (or can easily find out) how one achieved Diamond status and they often treat the c...
by Random Poster
Sun Apr 26, 2020 9:43 am
Forum: Personal Consumer Issues
Topic: Weather Similarity Website?
Replies: 8
Views: 713

Re: Weather Similarity Website?

nisiprius wrote:
Sun Apr 26, 2020 7:27 am
I haven't found exactly what you're looking for, but I think "Köppen classification" is what you need to be looking for.
Very helpful! Thank you.
by Random Poster
Sun Apr 26, 2020 7:13 am
Forum: Personal Consumer Issues
Topic: Weather Similarity Website?
Replies: 8
Views: 713

Re: Weather Similarity Website?

tennisplyr wrote:
Sun Apr 26, 2020 6:47 am
How about just googling the question.
Yeah, I already tried that. No real success.
by Random Poster
Sun Apr 26, 2020 7:12 am
Forum: Personal Consumer Issues
Topic: Weather Similarity Website?
Replies: 8
Views: 713

Re: Weather Similarity Website?

mega317 wrote:
Sat Apr 25, 2020 10:13 pm
If you post the city here maybe the forum can help you.
Two cities at the moment:

Santa Fe, New Mexico; and

Bozeman, Montana.
by Random Poster
Sat Apr 25, 2020 9:18 pm
Forum: Personal Consumer Issues
Topic: Weather Similarity Website?
Replies: 8
Views: 713

Weather Similarity Website?

Does anyone know of a website that lets you input a city and get a list of other cities (preferably in the US) that have weather (or climate) similar to the inputted city? I’ve found several websites that give vague weather doppelganger information for international cities, but I’m really looking fo...
by Random Poster
Sat Apr 25, 2020 11:07 am
Forum: Personal Finance (Not Investing)
Topic: CARES Act Above the Line Charitable Deduction: $300 or $600 for MFJ?
Replies: 30
Views: 2796

Re: CARES Act Charitable Giving Incentives Deduction

Has anyone seen anything authoritative (ie. IRS) that the $300 is per taxpayer (therefore $600 for MFJ)? Amended on 4/24/20: Per a footnote in the Joint Committee Report on the CARES Act, the footnote is self explanatory: 76 Sec. 62(f)(1). The $300 limit applies to the tax-filing unit. Thus, for ex...
by Random Poster
Thu Apr 23, 2020 3:56 pm
Forum: Personal Investments
Topic: Mechanics of Holding, but not Using, X-Years of Cash or Bonds?
Replies: 50
Views: 2796

Re: Mechanics of Holding, but not Using, X-Years of Cash or Bonds?

Makes sense. I like both approaches but I’m still an accumulator. What about a hybrid approach? Use bucket approach to define 3 years of fixed assets let’s say that is 300k. Then use that to set an AA let’s say I had a million total so I leave the rest in equities thus my AA ends up being 70/30. Th...
by Random Poster
Wed Apr 22, 2020 4:27 pm
Forum: Personal Consumer Issues
Topic: Budget for Home Upgrades and Maintenance Reserve Fund?
Replies: 23
Views: 1261

Re: Budget for Home Upgrades and Maintenance Reserve Fund?

My point is... - Why would you budget $25K for "immediate upgrades" if you are buying an expertly renovated move-in-ready home, for example? - Why would you need a $50K maintenance reserve fund if all of the major systems in the house are brand new? Unless you have a house picked out, your made up ...
by Random Poster
Wed Apr 22, 2020 12:29 pm
Forum: Personal Consumer Issues
Topic: Budget for Home Upgrades and Maintenance Reserve Fund?
Replies: 23
Views: 1261

Re: Budget for Home Upgrades and Maintenance Reserve Fund?

You should know if you need a new roof or foundation work anytime soon once you get the inspection done. That will be taken care of as a credit or price reduction before you move in. HVAC replacement is 10-20K almost everywhere. Appliances are several hundred to a thousand each and you never need t...
by Random Poster
Wed Apr 22, 2020 11:26 am
Forum: Personal Consumer Issues
Topic: Budget for Home Upgrades and Maintenance Reserve Fund?
Replies: 23
Views: 1261

Budget for Home Upgrades and Maintenance Reserve Fund?

I'm thinking of buying a home within the next year. Not sure of where, but that's a minor detail I suppose. :D In any event, I have never owned a home before and am trying to determine our housing budget and what we can spend from our available cash amounts. I've done some rough calculations and rea...
by Random Poster
Tue Apr 21, 2020 10:33 pm
Forum: Personal Finance (Not Investing)
Topic: Potential Layoff - What to Do? Personal Finance
Replies: 10
Views: 1439

Re: Potential Layoff - What to Do? Personal Finance

Would you at least recommend the following: - Stop all taxable investing - Turn off auto reinvestment of dividends and cap gains for taxable - Lower 401k contributions - only contribute to max out the match. I can always make it up in 4Q if I don't get laid off. Yes, I would, although I think that ...
by Random Poster
Tue Apr 21, 2020 10:20 pm
Forum: Personal Finance (Not Investing)
Topic: Potential Layoff - What to Do? Personal Finance
Replies: 10
Views: 1439

Re: Potential Layoff - What to Do? Personal Finance

Would you at least recommend the following: - Stop all taxable investing - Turn off auto reinvestment of dividends and cap gains for taxable - Lower 401k contributions - only contribute to max out the match. I can always make it up in 4Q if I don't get laid off. Yes, I would, although I think that ...
by Random Poster
Tue Apr 21, 2020 9:50 pm
Forum: Personal Finance (Not Investing)
Topic: Potential Layoff - What to Do? Personal Finance
Replies: 10
Views: 1439

Re: Potential Layoff - What to Do? Personal Finance

Well, for starters, I’d stop investing immediately outside of a 401k and go in extreme cash conservation mode and build up my checking account. I wouldn’t do anything with the taxable investments other than just keep them as is, but that presumes that your cash cushion can grow substantially and tid...
by Random Poster
Tue Apr 21, 2020 12:33 pm
Forum: Personal Investments
Topic: Mechanics of Holding, but not Using, X-Years of Cash or Bonds?
Replies: 50
Views: 2796

Re: Mechanics of Holding, but not Using, X-Years of Cash or Bonds?

22twain wrote:
Tue Apr 21, 2020 7:39 am
Has anyone here carried out this procedure during a previous major downturn, and if so, when did you finally replenish the cash cushion?
I do wonder how this sort of thing is done. As in, how much must the market go up in order to justify replenishing the cash (or bond) cushion.
by Random Poster
Tue Apr 21, 2020 12:31 pm
Forum: Personal Investments
Topic: Mechanics of Holding, but not Using, X-Years of Cash or Bonds?
Replies: 50
Views: 2796

Re: Mechanics of Holding, but not Using, X-Years of Cash or Bonds?

In our case we have a LMP that fully funds our next 10 years of expenses. Last year it funded, 11 years, next year 9 years. Based on our current projected cash-flow needs, we won’t need to touch the portfolio once I hit 70 and SS begins. Each year in early January we withdraw the current years from...
by Random Poster
Tue Apr 21, 2020 12:16 pm
Forum: Investing - Theory, News & General
Topic: Price of oil has collapsed; how will this impact the economy?
Replies: 108
Views: 8257

Re: Price of oil has collapsed; how will this impact the economy?

Coffee filters? I don't know anything about refining but I think crude is pretty close to home heating oil. Store it in your pool and use it to heat your house for the next 10 years. (Not a recommendation). Not a chemical engineer, but I've heard that, depending on the oil grade, what would likely ...
by Random Poster
Mon Apr 20, 2020 6:27 pm
Forum: Personal Investments
Topic: Voting One's Shares
Replies: 9
Views: 497

Re: Voting One's Shares

OP wrote: "....So, in summary, does anyone here hold any individual shares through Vanguard's brokerage account and, if so, how do they vote their shares?" Yes. I have individual stock shares and I vote via a proxy company. I receive an email from Vanguard stating I have proxy materials available, ...
by Random Poster
Mon Apr 20, 2020 5:22 pm
Forum: Personal Investments
Topic: Mechanics of Holding, but not Using, X-Years of Cash or Bonds?
Replies: 50
Views: 2796

Re: Mechanics of Holding, but not Using, X-Years of Cash or Bonds?

You withdraw from bonds/cash in years when stocks are down. You withdraw from stocks in years when stocks are up. It prevents you from selling low. And 2-3 years was determined by looking at the recovery period of all crashes. +1 But then you are not always keeping X amount in cash or bonds are you...
by Random Poster
Mon Apr 20, 2020 5:13 pm
Forum: Personal Investments
Topic: Voting One's Shares
Replies: 9
Views: 497

Re: Voting One's Shares

catfish48084 wrote:
Mon Apr 20, 2020 3:27 pm
why would you bother?
Because I want to register my disapproval with the company, the board of directors, and the company’s direction.

Having the shares entitles me to the right to vote them and to express my views.

I intend to exercise that right.