Search found 318 matches

by bb
Fri Nov 13, 2020 2:56 pm
Forum: Personal Investments
Topic: Another...can I retire post (47YO)
Replies: 41
Views: 5677

Re: Another...can I retire post (47YO)

It is interesting how this thread is generally favorable with regards to being able to retire yet other threads with similar assets might be met with more skepticism. Maybe the difference is there is a health care issue present. Absent from the replies were grilling over future health care costs, fl...
by bb
Thu Nov 05, 2020 1:25 pm
Forum: Personal Consumer Issues
Topic: Steelcase Gesture: Headrest? Other Models? (Office Chair)
Replies: 23
Views: 1511

Re: Steelcase Gesture: Headrest? Other Models? (Office Chair)

I don't think you can tell without trying them out. Consider if you can tell by going to desaler and trying out chairs vs needing a longer sit test. Some retailers (and Steelcase store) offers free shipping, 30 day trial, free returns. The Leap seems a bit more supportive/snugger fit of both seat an...
by bb
Sun Nov 01, 2020 11:29 pm
Forum: Personal Investments
Topic: Retirement at 53 (a little over one year from now)
Replies: 52
Views: 8649

Re: Retirement at 53 (a little over one year from now)

If the 401k plan does not allow flexibility then just roll it over and do
ROTH conversions. Not sure why that wasn't already mentioned.
by bb
Sun Aug 02, 2020 11:44 am
Forum: Investing - Theory, News & General
Topic: Efficient Market Theory vs Tesla Stock Price
Replies: 68
Views: 3709

Efficient Market Theory vs Tesla Stock Price

Doesn't the price of Tesla stock disprove the assertion that the market
is always efficient or rationale?
by bb
Sun Jul 12, 2020 5:04 pm
Forum: Personal Investments
Topic: Too much in savings?
Replies: 83
Views: 9742

Re: Too much in savings?

I don't follow all the fuss about heavy cash allocation and people making a distinction between investing it vs it not being invested. It is part of someone's net worth. At 1% money doubles in ~ 72 yrs, 2%~36yrs, 3%~24yrs. At today's historical low interest rates I don't really see the big differenc...
by bb
Sun Mar 01, 2020 1:26 pm
Forum: Investing - Theory, News & General
Topic: The Dark Side of "Stay the Course"
Replies: 202
Views: 16607

Re: The Dark Side of "Stay the Course"

If you think you can time the market knock yourself out.
by bb
Sat Feb 22, 2020 10:43 am
Forum: Investing - Theory, News & General
Topic: What do you guys think of Raoul Pal's view of an unfunded pension crisis?
Replies: 10
Views: 1345

Re: What do you guys think of Raoul Pal's view of an unfunded pension crisis?

I listened to a few minutes of one of his vidoes where he stated:
1. No one is going to be buying new cars anymore,
2. We are going to be living in trailers and eating fast food,
3. Only the top 1% is going to be able to retire.

Hmmm
by bb
Fri Feb 21, 2020 11:33 am
Forum: Personal Consumer Issues
Topic: Used car purchase - now dreading it
Replies: 117
Views: 8470

Re: Used car purchase - now dreading it

I have no idea if possible but could you document the issue, get corroboration,
sell the car and try to recover cost in small claims court?
by bb
Sat Feb 08, 2020 12:23 pm
Forum: Personal Investments
Topic: 26 years old and don't know what to do next
Replies: 32
Views: 2488

Re: 26 years old and don't know what to do next

In hindsight it might be nice to not have purchased the car but new cars have high depreciation so cannot advocate it always makes sense to sell it after the fact.
by bb
Mon Jan 13, 2020 4:35 pm
Forum: Personal Investments
Topic: Early retirement without taxable assets?
Replies: 14
Views: 2100

Re: Early retirement without taxable assets?

I don't believe all plans have to allow this. Also what if they allow the penalty free access but only a single lump sum withdrawal - what good would that do? Would have to transfer to IRA and then you would not get the benefit of penalty free withdrawals @ 55.
by bb
Tue Jan 07, 2020 10:54 am
Forum: Personal Investments
Topic: Can I retire (early)?
Replies: 49
Views: 6251

Re: Can I retire (early)?

Last year alone, that is what 400-600k depending on asset allocation for the 2m alone?
That is a ridiculous statement if someone doesn't want to be invested 100% in equities.
by bb
Fri Dec 20, 2019 8:56 pm
Forum: Personal Investments
Topic: Can I Retire?
Replies: 63
Views: 8240

Re: Can I Retire?

Maybe the answer would be easier if you considered working another 10 years, maybe doubling your worth. (rule of 72) 2.6M..... Paying off mortgage in the mean time. About 15 years ago I asked the same question and worked extra 10 years. I doubled what I thought was needed as total and went 50/50 AA...
by bb
Sat Oct 12, 2019 11:36 am
Forum: Personal Consumer Issues
Topic: Overland brand slippers for cold feet?
Replies: 17
Views: 1578

Re: Overland brand slippers for cold feet?

If you are looking for good cushion I bought slippers from Olukai (good cushion + fuzzy inside). I didn't want a fuzzy inside because for me they are too warm but couldn't find (good cushion + non-fuzzy inside) - so (good cushion + fuzzy inside) won out. They have a very substantial removable cushion.
by bb
Sat Feb 16, 2019 12:56 pm
Forum: Personal Finance (Not Investing)
Topic: A different kind of midlife crisis
Replies: 60
Views: 7625

Re: A different kind of midlife crisis

How many failed? Due to what circumstances? How many failed and how many were successful? What was the outcome of the failed business? In what countries were each of these business's? I don't think anyone needs the 3'rd degree for stating an opinion. Both parties responded to the OP's request. That...
by bb
Sun Feb 03, 2019 4:46 pm
Forum: Investing - Theory, News & General
Topic: investing in short term treasury vs CDs
Replies: 17
Views: 1896

Re: investing in short term treasury vs CDs

Which one is a better investment?
by bb
Sun Feb 03, 2019 12:12 pm
Forum: Investing - Theory, News & General
Topic: investing in short term treasury vs CDs
Replies: 17
Views: 1896

Re: investing in short term treasury vs CDs

If short term treasury and CDs have about the same yield, and if principal and interest is protected for a CD aren't CDs a superior investment?
by bb
Sat Feb 02, 2019 6:18 pm
Forum: Investing - Theory, News & General
Topic: investing in short term treasury vs CDs
Replies: 17
Views: 1896

Re: expected return of short term treasuries vs CDs

Sorry - I was thinking of a short term treasury fund - so value will fluctuate - which I was equating to safety or volatility - as compared to a CD. And also if interest rates go down presumably value of fund would go up - so that is why I used the word expected. Note - not that I am using correct l...
by bb
Sat Feb 02, 2019 12:22 pm
Forum: Investing - Theory, News & General
Topic: investing in short term treasury vs CDs
Replies: 17
Views: 1896

investing in short term treasury vs CDs

Is the expected return of short term treasuries and CDs about the same?
Does the FDCIC insurance equate to higher safety or just lower volatility?
by bb
Sun Dec 30, 2018 6:29 pm
Forum: Personal Finance (Not Investing)
Topic: Selling stock for dummies
Replies: 7
Views: 542

Re: Selling stock for dummies

Yes I abbreviated Forture 500 as F500.

Sorry for the confusion.
by bb
Sun Dec 30, 2018 2:16 pm
Forum: Personal Finance (Not Investing)
Topic: Selling stock for dummies
Replies: 7
Views: 542

Selling stock for dummies

Accumated few hundred shares of F500 (Fortune 500) stock and want to sell. Assume market order is fine for F500 stock? Assume it is of no benefit to break order up into 2 orders - 1 that is a integer multiple of 100 and then 1 that is not?
by bb
Mon Dec 24, 2018 12:01 am
Forum: Personal Investments
Topic: Sell IBM? Am I timing the market?
Replies: 11
Views: 1027

Re: Sell IBM? Am I timing the market?

I wouldn't walk to the exits - I would run. Generally one train of thought is if you didn't own it already would you be a buyer today - if the answer is no then sell. Watson seems like a bust. They don't seem to be a leader in the cloud business. It is not clear to me even if IBM was a leader in eme...
by bb
Tue Nov 27, 2018 9:48 am
Forum: Investing - Theory, News & General
Topic: Does 100% stocks make sense for very high net worth individuals
Replies: 126
Views: 14561

Re: Does 100% stocks make sense for very high net worth individuals

I am sure need could be expanded to need or desire.
by bb
Sun Oct 14, 2018 9:15 am
Forum: Personal Consumer Issues
Topic: Newer Steelcase Task Chairs
Replies: 11
Views: 1195

Re: Newer Steelcase Task Chairs

Amia Leap Gesture Think It is actually a difficult item to buy. If you aren't happy with big box selection then you are dealing with a business that sells to other businesses. Since everything is custom ordered and built places somewhat close to me generally don't stock a whole lot of stuff to even ...
by bb
Sun Oct 14, 2018 8:03 am
Forum: Personal Consumer Issues
Topic: Newer Steelcase Task Chairs
Replies: 11
Views: 1195

Re: Newer Steelcase Task Chairs

Nobody?
by bb
Sat Oct 13, 2018 9:01 am
Forum: Personal Consumer Issues
Topic: Newer Steelcase Task Chairs
Replies: 11
Views: 1195

Newer Steelcase Task Chairs

Anybody have any experience with any of the newer Steelcase Task Chairs at home or work? Any good sites for either new or used?
by bb
Wed Oct 10, 2018 8:53 pm
Forum: Personal Finance (Not Investing)
Topic: If I retire to a State that has no State taxes...
Replies: 46
Views: 7975

Re: If I retire to a State that has no State taxes...

Gill wrote: Wed Oct 10, 2018 8:45 pm Also, the income tax laws of your old state may have a bearing on whether you can then escape that state’s tax on distributions.
Gill
My understanding is that is not true.
by bb
Thu Sep 20, 2018 8:42 pm
Forum: Personal Investments
Topic: Im going to die somewhere between Bankruptcy and $20 million
Replies: 46
Views: 10247

Re: Im going to die somewhere between Bankruptcy and $20 million

If you continue to be a decent saver and not a big spending I don't see how you won't make out ok unless there is a doomsday scenario. But if that happens how exactly do you think you could protect yourself?
by bb
Sat Sep 08, 2018 3:19 pm
Forum: Personal Consumer Issues
Topic: Buying a new Toyota Camry. What extra options if any?
Replies: 70
Views: 5859

Re: Buying a new Toyota Camry. What extra options if any?

Don't drive the v6 - it isn't an option on the LE. And after you
drive a v6 it is hard to want the 4 cylinder.
by bb
Tue Aug 07, 2018 8:36 pm
Forum: Personal Finance (Not Investing)
Topic: Personal liability issues as a result of hiring uninsured & unlicensed handyman
Replies: 38
Views: 5833

Re: Personal liability issues as a result of hiring uninsured & unlicensed handyman

Wouldn't the owner of the home have to somehow be negligent of something to win a judgement against? If I go to my neighbors house, clime a tree and fall out are you saying no jury would argue I was responsible for my actions? Not at all?
by bb
Wed Jul 25, 2018 6:32 am
Forum: Personal Finance (Not Investing)
Topic: Passing the second SSA Bend Point - Reversible?
Replies: 53
Views: 5814

Re: Passing the second SSA Bend Point - Reversible?

If past wages and the bend points use the same indexing I don't see how once you meet the 2'nd bend point you could ever not meet it at some point in the future.
by bb
Sun Jun 24, 2018 10:12 am
Forum: Personal Finance (Not Investing)
Topic: Retire at 50: Should I?
Replies: 93
Views: 14840

Re: Retire at 50: Should I?

The issue of health care seems somewhat unsolvable. I don't get the impression that most companies want folks sticking around until 65 at which point they are eligible for medicare.
by bb
Wed May 16, 2018 8:23 pm
Forum: Personal Finance (Not Investing)
Topic: Why do so many people quote "You will likely be in a lower tax bracket in retirement"
Replies: 756
Views: 66270

Re: Why do so many people quote "You will likely be in a lower tax bracket in retirement"

Not definitive but I always assumed having to pay too much taxes when retired would be a good problem to have.
by bb
Wed May 16, 2018 5:38 am
Forum: Personal Consumer Issues
Topic: Planned Summer trip to the Finger Lakes. Suggestions?
Replies: 8
Views: 1137

Re: Planned Summer trip to the Finger Lakes. Suggestions?

Nestegg_User wrote: Tue May 15, 2018 10:52 pm Thousand Islands ????

that’s nowhere near the Finger Lakes region
jkushne1 wrote: Tue May 15, 2018 7:06 pm Or if not the finger lakes, somewhere else
by bb
Tue May 15, 2018 10:15 pm
Forum: Personal Consumer Issues
Topic: Planned Summer trip to the Finger Lakes. Suggestions?
Replies: 8
Views: 1137

Re: Planned Summer trip to the Finger Lakes. Suggestions?

Wineries are something to do along the Finger Lakes - although not sure that meets your kid friendly definition. Both Ithaca and Watkins Glenn have nice gorges. Ithaca is college town with Cornell University there and is nice for a visit. Not sure about staying a week in any one place but Corning ha...
by bb
Fri May 04, 2018 6:20 pm
Forum: Investing - Theory, News & General
Topic: LMP vs 3-Fund SWR
Replies: 7
Views: 923

Re: LMP vs 3-Fund SWR

LMP - Liability Matching Portfolio.

I realize SWR is a guideline - but for those of us retiring with our own investments we all have to eat. So there is an assumed floor that one cannot go below. If you read between the lines I have suggested a flexible withdrawal strategy.
by bb
Fri May 04, 2018 4:53 pm
Forum: Investing - Theory, News & General
Topic: LMP vs 3-Fund SWR
Replies: 7
Views: 923

LMP vs 3-Fund SWR

So if scenario #1 is 3 fund portfolio, 2% would cover needs, 3% would allow for some discretionary spending and 4% would allow for a lot more discretionary spending at say age 50 would the implications scenario #2 with LMP covering needs result in potentially working much longer or accepting a much ...
by bb
Fri Apr 20, 2018 12:30 pm
Forum: Personal Finance (Not Investing)
Topic: 2.5% Withdrawal for 50 Years With 50/50 Portfolio?
Replies: 121
Views: 15556

Re: 2.5% Withdrawal for 50 Years With 50/50 Portfolio?

I would be really surprised if anyone with 3M would put 1/2 into a SPIA.
by bb
Fri Apr 20, 2018 11:33 am
Forum: Personal Finance (Not Investing)
Topic: 2.5% Withdrawal for 50 Years With 50/50 Portfolio?
Replies: 121
Views: 15556

Re: 2.5% Withdrawal for 50 Years With 50/50 Portfolio?

Part of the debate here seems to be concepts of safe and flexibility. The OP asked about safety yet the ensuing discussion brought in concept spending being flexible. Victoria focused on safety. Focusing on safety or emphasizing flexibility seems to drive two vastly different discussions.
by bb
Fri Apr 06, 2018 1:38 pm
Forum: Investing - Theory, News & General
Topic: Trying the Impossible - Financing 30-Year Retirements with 40-Year Careers
Replies: 118
Views: 19674

Re: Trying the Impossible - Financing 30-Year Retirements with 40-Year Careers

bobcat2 wrote: Fri Apr 06, 2018 11:57 am No. The worry is that people are not working long enough, given longer life expectancy at age 65.

BobK
I was just commenting based on a fair amount of discussion in this thread that if you have a high
savings rate you can't retire early if everyone else has a high savings rate.
by bb
Fri Apr 06, 2018 11:49 am
Forum: Investing - Theory, News & General
Topic: Trying the Impossible - Financing 30-Year Retirements with 40-Year Careers
Replies: 118
Views: 19674

Re: Trying the Impossible - Financing 30-Year Retirements with 40-Year Careers

Of all the things to worry about in the universe - worrying about your typical
American saving too much money?

I have not read any stories suggesting consumers are not doing anything but
consuming with consumer debt at record levels.
by bb
Sun Feb 04, 2018 12:18 pm
Forum: Personal Investments
Topic: Retired at 50. Staying 100% in stock Index Funds. Anyone else?
Replies: 154
Views: 19390

Re: Retired at 50. Staying 100% in stock Index Funds. Anyone else?

Can we put all the threads where someone's pension fund covers all there expenses in a single thread similar to the wealth progression thread :D
by bb
Fri Jan 26, 2018 6:53 pm
Forum: Personal Finance (Not Investing)
Topic: Sanity check of SS with less than 35 years earnings
Replies: 31
Views: 4868

Re: Sanity check of SS with less than 35 years earnings

Thank for the responses. Sounds like I am not off base - bottom line was I found it hard to believe anyone's retirement is dialed in to within a few thousand dollars either way - seems like noise - caveat being a reasonable middle class lifestyle.
by bb
Fri Jan 26, 2018 4:02 pm
Forum: Personal Finance (Not Investing)
Topic: Sanity check of SS with less than 35 years earnings
Replies: 31
Views: 4868

Re: Sanity check of SS with less than 35 years earnings

You are missing the point of my thread. I am trying to reconcile some of the posters comments regarding being careful about having 0's in the SS calculation and then looking at the dollar amounts involved and thinking they are small.
by bb
Fri Jan 26, 2018 12:06 pm
Forum: Personal Finance (Not Investing)
Topic: Sanity check of SS with less than 35 years earnings
Replies: 31
Views: 4868

Sanity check of SS with less than 35 years earnings

I often see comments on threads that if someone is considering early retirement that they should consider the reduced social security benefits they will get. Looking at SS benefit formula is seems that after the 2'nd bend point the increases in the SS benefit are so small they seem negligible for so...
by bb
Fri Jan 26, 2018 8:51 am
Forum: Personal Finance (Not Investing)
Topic: What kind of skilled casual work is out there (US)?
Replies: 24
Views: 3217

Re: What kind of skilled casual work is out there (US)?

That job description to me sounds like someone who owns
a company and has professional management running it.
by bb
Fri Jan 12, 2018 8:40 am
Forum: Personal Finance (Not Investing)
Topic: Is it time for me to "call in rich"?
Replies: 75
Views: 14071

Re: Is it time for me to "call in rich"?

TravelforFun wrote: Thu Jan 11, 2018 7:04 pm You’re cutting it close.
This analysis seems flawed. No gain for such a long period of time
and then saying a conservative withdrawal rate of 3% - which is
conservative for any age - let alone the age of OP in 2036 seems
to be conservative to the point of ridiculous.
by bb
Sun Jan 07, 2018 9:09 pm
Forum: Personal Finance (Not Investing)
Topic: Life at a crossroad: seeking advice
Replies: 54
Views: 7856

Re: Life at a crossroad: seeking advice

If you need to be employed 40 hrs/wk due to VISA status then how can you quit and pursue passion? If you are really prepared to quit engineering then possibly just consider looking for another job that maximizes doing something interesting vs salary. Not sure if that is practical or not. Seems a lit...
by bb
Fri Dec 29, 2017 9:13 pm
Forum: Personal Finance (Not Investing)
Topic: Another should i buy my dream porsche thread...
Replies: 240
Views: 17279

Re: Another should i buy my dream porsche thread...

Coachrhino11 wrote: Fri Dec 29, 2017 8:02 pm drive boring Camry, can’t imagine.
Hey - I really like my camry!
by bb
Wed Dec 20, 2017 10:39 pm
Forum: Personal Investments
Topic: Just downsized at age 60...input appreciated
Replies: 56
Views: 6298

Re: Downsized at age 60. Input appreciated.

There is more to investing than just Couch Potato Portfolios so you get the cheapest fee. That's penny wise, pound foolish. I take issue with a lot of the investing advice contained in that post. Investing in equities is risky. There is no magic bullet to protect yourself other than reduce your exp...
by bb
Sun Sep 17, 2017 9:42 am
Forum: Personal Investments
Topic: Access to 401k at age 55
Replies: 12
Views: 1697

Re: Access to 401k at age 55

Well - I guess I was thinking whenever I retire I will have enough taxable to bridge 5 years in order to access Roth IRA conversion amounts. But you are correct - being able to freely access the IRA money at 55 is what I would really prefer.