Search found 442 matches

by dekecarver
Sat Mar 14, 2020 9:01 pm
Forum: Personal Consumer Issues
Topic: Grand Tetons
Replies: 6
Views: 886

Grand Tetons

I plan on taking my 14 year old son for a week in August for hiking, sightseeing and maybe a day of fishing. Looking for lodging suggestions from those of you who have stayed in the park. Flying out of DC.

Thanks in advance
by dekecarver
Sat Mar 14, 2020 6:21 am
Forum: Personal Investments
Topic: Who is staying course and how are you dealing with net worth going down?
Replies: 359
Views: 26568

Re: Who is staying course and how are you dealing with net worth going down?

Been through this several times before. The main thing to remember is that the only two days that matter are the day you buy and the day you sell. Everything in between is merely noise. The way to financial freedom is to buy low and sell high; not the opposite. Thanks for that simple response, Mel....
by dekecarver
Thu Mar 12, 2020 4:04 pm
Forum: Investing - Theory, News & General
Topic: Cause for market down turn
Replies: 1
Views: 210

Cause for market down turn

I don't know but a friend suggested the following which makes no reference to the Covid19: Again, the biggest secret in banking is how overleveraged they are, loaned out too much cheap money, with little to back it up, to investors which was the driving force of the stock markets. Now as its droppin...
by dekecarver
Wed Mar 11, 2020 2:17 pm
Forum: Personal Finance (Not Investing)
Topic: Inherited Non-spousal Roth
Replies: 7
Views: 420

Re: Inherited Non-spousal Roth

Inherited July 2019.
by dekecarver
Wed Mar 11, 2020 12:53 pm
Forum: Personal Finance (Not Investing)
Topic: Inherited Non-spousal Roth
Replies: 7
Views: 420

Inherited Non-spousal Roth

I inherited a non-spousal Roth that has a balance of $13000. Based on the IRS table I would use a factor of 29.6 for establishing first year RMD which would be ~ $400; my question is, is there a value point of just cashing out in full vs stretching the RMDs over my lifetime? I don't need the money s...
by dekecarver
Wed Mar 11, 2020 5:02 am
Forum: Investing - Theory, News & General
Topic: Can You Retire on the S&P 500?
Replies: 60
Views: 5865

Re: Can You Retire on the S&P 500?

And where is the allocation to bonds? As I noted above, you don't necessarily need any allocation to bonds at all. If you adopt a flexible withdrawal strategy and can deal with the resulting volatility in your withdrawals, then 100% stocks is fine. This^. My father told me that he never owned a bon...
by dekecarver
Sun Mar 08, 2020 6:32 am
Forum: Personal Consumer Issues
Topic: double-side tape to secure rug to floor - recommendations?
Replies: 20
Views: 995

Re: double-side tape to secure rug to floor - recommendations?

All three of the rug mats we have under our large area rugs have ruined (discolored) the carpet underneath. How so? Just curious. The mats eventually wear out/deteriorate and have to be replaced. As I mentioned above we've used them on 100% wool and silk orientals for 30 years and never a problem w...
by dekecarver
Sun Mar 08, 2020 6:29 am
Forum: Personal Consumer Issues
Topic: double-side tape to secure rug to floor - recommendations?
Replies: 20
Views: 995

Re: double-side tape to secure rug to floor - recommendations?

Have you considered some of those rubber anti slip mats that you cut to fit under the rugs? This^. We used mats like this for years and rugs don't move on our hardwood floors. Just decide what thickness you want, 1/8, 1/4 or 1/2'. Also trim the mat right e.g. leave 2-4 inches from the rug edge all ...
by dekecarver
Fri Feb 28, 2020 7:03 pm
Forum: Investing - Theory, News & General
Topic: Coronavirus and the market
Replies: 4002
Views: 305655

Re: Coronavirus and the market

Can someone explain exactly how the coronavirus effects the fundamentals of any stock and the price of that stock?
by dekecarver
Fri Feb 21, 2020 7:37 pm
Forum: Personal Finance (Not Investing)
Topic: Adding wife to house title as part of refinance
Replies: 13
Views: 1500

Re: Adding wife to house title as part of refinance

If its premartial, don't do it; keep it in your name only. Or at least look into the benefits one way or the other before doing so and not just about what makes her feel good.
by dekecarver
Wed Feb 12, 2020 8:41 pm
Forum: Personal Consumer Issues
Topic: Coronavirus (Consumer Issues) How you are preparing?
Replies: 1639
Views: 135092

Re: Coronavirus (Consumer Issues) How you are preparing?

We have a number of threads on Coronavirus, but I want this one to specifically focus on consumer issues and how you are preparing. The way I see it, risk of infection is not the same as risk of quarantine; or to put things even more broadly, risk of weathering the effects of quarantine. I do not n...
by dekecarver
Tue Feb 11, 2020 5:31 am
Forum: Personal Consumer Issues
Topic: What are you listening to now
Replies: 751
Views: 40083

Re: What are you listening to now

JJ Cale; Best of JJ Cale
by dekecarver
Sun Feb 09, 2020 9:05 am
Forum: Investing - Theory, News & General
Topic: How to account for money under the mattress in PV
Replies: 32
Views: 2788

Re: How to account for money under the mattress in PV

In regards to keeping money under the mattress; if its cash earned that was not taxed then it serves as peace of mind for various reasons and a certain amount of inflation built in depending on length of time kept under mattress; just ask some of the older generations that saw what happened to thei...
by dekecarver
Sat Feb 08, 2020 4:52 pm
Forum: Investing - Theory, News & General
Topic: How to account for money under the mattress in PV
Replies: 32
Views: 2788

Re: How to account for money under the mattress in PV

In regards to keeping money under the mattress; if its cash earned that was not taxed then it serves as peace of mind for various reasons and a certain amount of inflation built in depending on length of time kept under mattress; just ask some of the older generations that saw what happened to their...
by dekecarver
Fri Jan 31, 2020 4:02 pm
Forum: Personal Finance (Not Investing)
Topic: How does someone know whether they would enjoy being a manager?
Replies: 59
Views: 4349

Re: How does someone know whether they would enjoy being a manager?

You won't know till you try it.
And a piece of unsolicited advice; if you try it and don't like it, get the hell out of it before it burns you up.
by dekecarver
Tue Jan 21, 2020 4:44 pm
Forum: Personal Finance (Not Investing)
Topic: to pre-nup or not?
Replies: 133
Views: 12054

Re: to pre-nup or not?

The simple answer is Yes. And with the info provided, jeepers Yes. I'd even question why get married vs just staying companions?
by dekecarver
Sat Jan 11, 2020 10:37 am
Forum: Personal Investments
Topic: Tax Deferred account: Are we top heavy?
Replies: 14
Views: 1482

Re: Tax Deferred account: Are we top heavy?

You might be too heavy in tax-deferred accounts if the 457 accounts are already large and there will be two pensions. And maybe SS to boot. It would be helpful to know....current tax bracket, expected tax bracket in retirement, size of the tax-deferred accounts, etc. For example, if the total of th...
by dekecarver
Sat Jan 11, 2020 6:14 am
Forum: Personal Investments
Topic: Tax Deferred account: Are we top heavy?
Replies: 14
Views: 1482

Tax Deferred account: Are we top heavy?

Hi, I would appreciate some feedback on percentages of asset buckets regarding being over or underfunded. Currently as a combined His/Her accounting we have the following percentages and currently only contributing (maxing ) our state 457 and individual Roths; no new money to taxable accounts.I am w...
by dekecarver
Sun Jan 05, 2020 6:53 am
Forum: Personal Finance (Not Investing)
Topic: Spreadsheets - Out of here!
Replies: 134
Views: 14183

Re: Spreadsheets - Out of here!

I've tried spreadsheets and actually find creating and using them kinda cool however I'm notorious for not updating, wanting to tweak, creating a spreadsheet for a spreadsheet, keeping sheets in different locations, still document in pencil and paper, having too much visual information at one time.....
by dekecarver
Fri Jan 03, 2020 10:58 pm
Forum: Personal Finance (Not Investing)
Topic: Medical school at 34 - Is this financial suicide?
Replies: 116
Views: 10435

Re: Medical school at 34 - Is this financial suicide?

You've ran the numbers so I'll just throw this out there: If your wife and family situation can handle the time commitment and stress, go for it. Forget about the financial commitment; the time commitment is gonna be a big drain on the family. If your wife is the same age as you, she is gonna be goi...
by dekecarver
Tue Dec 31, 2019 10:25 pm
Forum: Personal Finance (Not Investing)
Topic: Job offer at FAANG for $350k - Declining Offer
Replies: 161
Views: 18664

Re: Job offer at FAANG for $350k - Declining Offer

To the OP; you are where you are because it was meant to be. Always keep the important things front and center and stay humble. I say that b/c man, in my world that kind of salary and opportunity is extraordinary but in the end it really is about working to keep self and family in a good place. Now ...
by dekecarver
Mon Dec 30, 2019 6:19 pm
Forum: Personal Finance (Not Investing)
Topic: If your net worth is over $3 million, how did you do it?
Replies: 436
Views: 117741

Re: If your net worth is over $3 million, how did you do it?

Not quiet there yet but the path has been: Decent principal invested prior to marriage. Bought house in 98' based on 3x gross salary before housing run up and have stayed in same house. Two incomes for past 20 years. His and Her maxing out Roths and Deferred Comp Plans annually. Always invested in 9...
by dekecarver
Sun Dec 29, 2019 5:09 pm
Forum: Personal Consumer Issues
Topic: [Golf] in Orlando
Replies: 18
Views: 1156

Re: [Golf] in Orlando

Thanks everyone for the replies. Starting to look up the places mentioned and will go from there.
by dekecarver
Sun Dec 29, 2019 11:37 am
Forum: Personal Investments
Topic: Should I sell my farmland and buy stocks?
Replies: 65
Views: 5398

Re: Should I sell my farmland and buy stocks?

If it's good habitat for pheasant, ducks and whitetails, I'd keep it:)

On another note, if it's profitable to cash rent/lease out then I'd keep the hen and keep gathering the eggs.
by dekecarver
Sat Dec 28, 2019 5:13 pm
Forum: Personal Consumer Issues
Topic: [Golf] in Orlando
Replies: 18
Views: 1156

Golf in Orlando

Re-do:
Would appreciate recommendations from those of you who play the Orlando area on pubic golf in the Orlando area for a 2-3 day fly in golf retreat. Looking for something reasonably priced ($40-80) and 4 hour pace.

Thanks
by dekecarver
Sat Dec 28, 2019 5:10 pm
Forum: Personal Consumer Issues
Topic: [Golf] in Orlando
Replies: 18
Views: 1156

Re: Gold in Orlando

Gotta laugh on this one, sorry about that.
by dekecarver
Sat Dec 28, 2019 4:29 pm
Forum: Personal Consumer Issues
Topic: [Golf] in Orlando
Replies: 18
Views: 1156

[Golf] in Orlando

Hey for you golfers who have played in the Orlando area, I'm thinking of a 3 day weekend or mid week fly down just to relax and golf with a bud. What are your favorite public course that are reasonably priced and pace of play is around a 4 hour mark? Thanks in advance.
by dekecarver
Thu Dec 26, 2019 9:09 pm
Forum: Personal Finance (Not Investing)
Topic: Job offer at FAANG for $350k - Declining Offer
Replies: 161
Views: 18664

Re: Job offer at FAANG for $350k

I'm too old and out of touch to offer much in the way of specifics here, but I will offer one observation that I saw many people learn the hard way: It's very easy to underestimate the "risk", or cost, of staying put. It usually seems to be zero, but many people's experience will show that it is fa...
by dekecarver
Wed Dec 25, 2019 5:20 pm
Forum: Investing - Theory, News & General
Topic: My Christmas Gift to You Seventy-Five Years Ago
Replies: 74
Views: 7057

Re: My Christmas Gift to You Seventy-Five Years Ago

Thank you and every soldier and ally that fought for our side during that War and that night. It is sad that we (America) don't emphasize the greatest generation and what that generation did to preserve our freedoms regardless of differences in political or religious affiliation and the sacrifices t...
by dekecarver
Wed Dec 25, 2019 7:59 am
Forum: Personal Finance (Not Investing)
Topic: Low-earners- What is your profession?
Replies: 371
Views: 56851

Re: Low-earners- What is your profession?

Earnings are relative to where you live. In my area the median household income is $107K but the median home price is $525K and that's for a dated 1954 single family rambler; all new homes are basically starting out at $1M. So when considering housing cost, that $107K doesn't go very far. DW is a BS...
by dekecarver
Sun Dec 15, 2019 7:25 pm
Forum: Personal Consumer Issues
Topic: What frugal thing did you do today?
Replies: 1477
Views: 170810

Re: What frugal thing did you do today?

I wanted to add steps in my back yard. About 40 steps would take me half way down the hill. I got several quotes between $12,000 to 20,000 to make them in concrete. I finally found someone willing to do them for $1,500! That includes materials and the guy he hired from outside Home Depot. Having st...
by dekecarver
Sun Dec 15, 2019 7:23 pm
Forum: Personal Consumer Issues
Topic: What frugal thing did you do today?
Replies: 1477
Views: 170810

Re: What frugal thing did you do today?

Sat in front of the tube, watched football and rolled some coinage that has accumulated over 40 years. Ended up with $547 excluding two Franklin and two Kennedy silver halves; I use a half-tube counter so the job is easy and mindless; saved the 10% charged by Coinstar.
by dekecarver
Fri Dec 13, 2019 6:38 am
Forum: Personal Finance (Not Investing)
Topic: Thoughts on my parent's reverse mortgage home and getting them out
Replies: 22
Views: 2497

Re: Thoughts on my parent's reverse mortgage home and getting them out

Getting financials from elderly parents can be difficult and taking into the cultural nuances, that adds to the problem. The concern to me is the secrecy and what lies underneath the stone. Also it sounds like OP is carrying the load financially and emotionally (double whammy) as the brother is unaw...
by dekecarver
Tue Dec 03, 2019 8:10 pm
Forum: Personal Finance (Not Investing)
Topic: Virginia Probate Inventory List
Replies: 6
Views: 780

Re: Virginia Probate Inventory List

Thank you Mr. Rumples for the links provided, I will read up and plan on making a call. I do have a copy of the will. At first my stepmother was using the attorney who prepared my dad's Will and also happens to be the Commissioner of Accounts for the county. From my understanding that attorney then ...
by dekecarver
Tue Dec 03, 2019 6:22 am
Forum: Investing - Theory, News & General
Topic: Favorite stock(s) and why
Replies: 131
Views: 8485

Re: Favorite stock(s) and why

I think investing like this, (I call it table money), is just scratching an itch, in fact I do it. The difference between using a simulator and actually putting money on the table is the real anticipation of believing something good is gonna happen and if it doesn't, no big deal. Essentially it woul...
by dekecarver
Tue Dec 03, 2019 5:41 am
Forum: Personal Finance (Not Investing)
Topic: Virginia Probate Inventory List
Replies: 6
Views: 780

Re: Virginia Probate Inventory List

Hi, thank you for the replies.

Yes I agree potentially contacting an independent attorney may be the route taken; just getting our thoughts together in terms of what to ask and then the follow up with our step mother. One objective is to maintain the family relationship with her.

Thanks again.
by dekecarver
Mon Dec 02, 2019 6:03 pm
Forum: Personal Finance (Not Investing)
Topic: Virginia Probate Inventory List
Replies: 6
Views: 780

Virginia Probate Inventory List

This past year my father died in July and left my stepmother as the executor of the estate. Things have moved along to a degree but my sister and I have not received any formal update from our stepmom other than she has been real busy and working hard. My sister took the initiative to call the attor...
by dekecarver
Thu Nov 28, 2019 8:30 pm
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 1622
Views: 411396

Re: Share your net worth progression

bck63 wrote:
Sun Nov 24, 2019 8:25 pm
Reality check: Half of the urban population in Sub-Saharan Africa lives in slums.
And your point is?
by dekecarver
Mon Nov 25, 2019 8:32 pm
Forum: Personal Finance (Not Investing)
Topic: We have a prenup, now buying a house.
Replies: 117
Views: 7657

Re: We have a prenup, now buying a house.

To me it's fairly simply financially; keep your pre-marriage money separate, invest and let it ride as though you never had it. With two million at your age, and the length of time that pot has to grow, you have it made. Buy the house with your wife with her on the deed and never throw up the fact t...
by dekecarver
Sun Nov 24, 2019 4:53 pm
Forum: Personal Consumer Issues
Topic: Mom's Diamond
Replies: 67
Views: 4917

Re: Mom's Diamond

Been there done that. Here are some options for mom and brothers: 1. Upon death the ring is either willed to one brother or DIL; or instruction is left to have ring appraised by 3 reputable jewelers for a jeweler's purchase price. 2. Offer ring to brothers and whoever wants ring at jeweler's high pr...
by dekecarver
Thu Nov 21, 2019 5:09 am
Forum: Personal Consumer Issues
Topic: Help me find this tool
Replies: 14
Views: 1126

Re: Help me find this tool

Spirit Rider wrote:
Thu Nov 21, 2019 2:04 am
I don't know if they will work for what you are trying to do. Nylon or metal Guitar strings come to mind. Also, there is simple metal wire available at hardware or home improvement stores.
+1 guitar string, different gauges available.
by dekecarver
Tue Nov 19, 2019 6:40 pm
Forum: Personal Consumer Issues
Topic: Toughest Purchase of my Life. Engagement Ring time
Replies: 229
Views: 16247

Re: Toughest Purchase of my Life. Engagement Ring time

Don't get caught up in the hype. A ring does not prove love, trust, commitment, loyalty, or any other figment of the imagination, it is simply an object of good faith and good faith does not have to be expensive. If it has to be expensive, it's gonna be an expensive ride.
by dekecarver
Sun Nov 17, 2019 5:46 pm
Forum: Personal Investments
Topic: How to combine finances with your spouse? Recently married/early30s
Replies: 72
Views: 5653

Re: How to combine finances with your spouse? Recently married/early30s

I currently have two friends that are divorcing; both couples 60ish. It was a rude awakening especially when the demands were being put on the table. All of a sudden the word "retirement" took a back seat and the "oh chit" took the front seat. The one couple has been married for 40 years the other l...
by dekecarver
Thu Nov 14, 2019 6:32 am
Forum: Personal Investments
Topic: How to combine finances with your spouse? Recently married/early30s
Replies: 72
Views: 5653

Re: How to combine finances with your spouse? Recently married/early30s

My wife and I simply created a joint checking account for household expenses and each contribute a specified percentage based on our personal income factoring in expenses as a baseline. The rest goes to separate checking accounts which we use to max out our own 457 Deferred Comp, iras and taxable br...