Search found 5285 matches

by Leesbro63
Wed Jun 20, 2018 8:06 am
Forum: Investing - Theory, News & General
Topic: Oh my! Cardone says we need $10m net worth
Replies: 104
Views: 13263

Re: Oh my! Cardone says we need $10m net worth

This article dovetails with THIS article, that says the "average" retiree couple will spend $244,000 in healthcare costs, out of pocket. C'mon. The "average" retiree couple lives on a SS check and in no way will ever even have $244,000, let alone spend it on healthcare, out of pocket. "The average 6...
by Leesbro63
Wed Jun 20, 2018 7:26 am
Forum: Investing - Theory, News & General
Topic: Oh my! Cardone says we need $10m net worth
Replies: 104
Views: 13263

Re: Oh my! Cardone says we need $10m net worth

Who? For a majority of people, $1M to $4M is perfectly reasonable range. Just make sure that the money you received from your withdraw rate is higher than your expenses, the principal money can be recovered again over time through investments/distributions/whatever other methods you choose, and you...
by Leesbro63
Tue Jun 19, 2018 11:05 am
Forum: Personal Consumer Issues
Topic: Article on hotel booking sites - no bargains
Replies: 37
Views: 3460

Re: Article on hotel booking sites - no bargains

ResearchMed wrote:
Mon Jun 18, 2018 6:31 pm
ETA: So we book directly with the hotel, who has the possibility of changing things upon request, which usually the discount websites can't do. No need to use the third parties, who offer nothing extra.

RM
+1. Exactly. I always book direct for the reasons stated.
by Leesbro63
Mon Jun 18, 2018 8:13 am
Forum: Personal Consumer Issues
Topic: Negotiating for a new Toyota.[my fault comparing apples and oranges]
Replies: 36
Views: 3707

Re: Negotiating for a new Toyota.[my fault comparing apples and oranges]

My dealer (not Toyota) didn't allow negotiating (permanent dealer policy), but gave me a $500 discount for going with a color that the manager wanted to move. Then why is he/she your dealer? Are you THAT loyal to spend maybe thousands more because a dealer told you they don’t negotiate? This makes ...
by Leesbro63
Fri Jun 15, 2018 6:41 pm
Forum: Investing - Theory, News & General
Topic: Are Bogleheads smarter than the bond market?
Replies: 40
Views: 4127

Re: Are Bogleheads smarter than the bond market?

I am 70 with a large fixed income allocation that is roughly 1/3 Principal "safe" assets e.g. FDIC products, 1/3 short term bond funds and 1/3 intermediate bond funds. Since asset preservation is my goal and fixed income allocation is so large this allocation suits my needs since rising, lower or s...
by Leesbro63
Fri Jun 15, 2018 12:30 pm
Forum: Personal Finance (Not Investing)
Topic: Question for those who used 529 plans
Replies: 46
Views: 2342

Re: Question for those who used 529 plans

We used our state's guaranteed savings plan in which you buy a number of credits at today's price and they promise to have those number of credits available to you later on. I think we actually did well, although I'm not sure of any specific numbers, because we put in our investment in a lump sum e...
by Leesbro63
Fri Jun 15, 2018 12:28 pm
Forum: Investing - Help with Personal Investments
Topic: Taking $1M+ Long Term Capital Gains
Replies: 68
Views: 6287

Re: Taking $1M+ Long Term Capital Gains

Hi viewer0, I'm in a similar situation with a $1million + capital gain in a taxable account. The gains are in individual stocks and I want to move the money into index funds. I would also like to move a rollover IRA into a Roth IRA, but that may not be feasible since I am 61 (I probably need to hav...
by Leesbro63
Fri Jun 15, 2018 12:26 pm
Forum: Investing - Theory, News & General
Topic: Are Bogleheads smarter than the bond market?
Replies: 40
Views: 4127

Re: Are Bogleheads smarter than the bond market?

Not just recently. This conversation has been going on for at least 10 years. Maybe 15. Dr. Bernstein is right about the risk of anything but shorter term bonds. But he's been wrong about the market. So far. He says "keep your safe money safe" and "take your risk on the equity side", no on the bond ...
by Leesbro63
Fri Jun 15, 2018 10:27 am
Forum: Investing - Help with Personal Investments
Topic: Taking $1M+ Long Term Capital Gains
Replies: 68
Views: 6287

Re: Taking $1M+ Long Term Capital Gains

I’m curious about the long term prospects for the highly appreciated stock in question. My thinking is that if it’s a speculative stock that did well, pay the tax and diversify out. That may be cheaper than continuing the risk that today’s darling will become tomorrow’s dud. But if it’s a solid comp...
by Leesbro63
Fri Jun 15, 2018 8:56 am
Forum: Personal Consumer Issues
Topic: SleepScore App
Replies: 11
Views: 1097

SleepScore App

Anyone else here fool with the SLEEPSCORE app? Frankly I'm having a hard time understanding what to do with my poor sleep scores (about 60). I'm not even sure this is really measuring my sleep accurately, based on noise my iPhone picks up. Nevertheless, I do know that I don't sleep well, and this se...
by Leesbro63
Fri Jun 15, 2018 8:35 am
Forum: Personal Finance (Not Investing)
Topic: Question for those who used 529 plans
Replies: 46
Views: 2342

Re: Question for those who used 529 plans

I mega-funded both of my kids about 17 years ago when 529 plans first became tax free (if used for qualified education expenses). I did the PA TAP "Guaranteed Savings Plan", which is basically a "prepaid" plan, pegged to the cost of Penn State but usable anywhere. Penn State is constantly under fund...
by Leesbro63
Thu Jun 14, 2018 10:22 am
Forum: Investing - Help with Personal Investments
Topic: Taking $1M+ Long Term Capital Gains
Replies: 68
Views: 6287

Re: Taking $1M+ Long Term Capital Gains

While researching exchange funds, it is fairly illiquid for 7 years, that is a bummer. On the other hand, I can think of it as inheritance of my kids, which they will inherit after 7 years. I understand the asset value that one should have ($5M+), but how much can one put in an exchange fund, e.g. ...
by Leesbro63
Thu Jun 14, 2018 6:30 am
Forum: Personal Consumer Issues
Topic: At what point to buy new car for safety
Replies: 94
Views: 9297

Re: At what point to buy new car for safety

That’s a fallacy. Cars today, especially top rated ones (usually Toy/Hon) go to the shop WAY less than “simple” cars of yesteryear. I remember my father keeping a pad and pen, when buying a new car, to list the repairs required for the first service visit. Maintenance was way more frequent. And brea...
by Leesbro63
Wed Jun 13, 2018 3:00 pm
Forum: Personal Consumer Issues
Topic: At what point to buy new car for safety
Replies: 94
Views: 9297

Re: At what point to buy new car for safety

j0nnyg1984 wrote:
Wed Jun 13, 2018 2:24 pm
Never.

I'd prefer to drive a model-t over one of the piece of crap electronic riddled cars of this generation.
Good luck surviving an accident in your Model T, when getting hit by one of the "this generation" cars you reference.
by Leesbro63
Wed Jun 13, 2018 2:58 pm
Forum: Personal Consumer Issues
Topic: Buying CPO Lexus - any advice appreciated
Replies: 22
Views: 1747

Re: Buying CPO Lexus - any advice appreciated

My advice is to buy new. I think that is a possibility. A well-negotiated new 2018 Subaru Outback 3.6R Limited probably costs the same as a poorly negotiated 3-year old Lexus RX350 with similar features. Even a well-negotiated new Lexus might not cost that much more per mile, if anything, than a hi...
by Leesbro63
Wed Jun 13, 2018 1:45 pm
Forum: Personal Consumer Issues
Topic: Buying CPO Lexus - any advice appreciated
Replies: 22
Views: 1747

Re: Buying CPO Lexus - any advice appreciated

My advice is to buy new. I bought a CPO off-lease 2006 RX350 in 2009 from the Lexus dealer. Added an extended warranty. Within the first year I needed brakes and tires. Kept it 3 years. Upon trade in, the same dealer found a panel that had been repainted (prior to my purchase) that, frankly, we neve...
by Leesbro63
Wed Jun 13, 2018 1:38 pm
Forum: Personal Finance (Not Investing)
Topic: Forbes: Millennials Aren't Having Kids Heres Why That's a Problem for Baby Boomer Real Estate and Retirement
Replies: 74
Views: 7005

Re: Forbes: Millennials Aren't Having Kids Heres Why That's a Problem for Baby Boomer Real Estate and Retirement

This doesn't really address the issue of whether Millennial patterns are good or bad. But it's interesting to note that the generation born before The Great Depression often was to large families with lots of kids/siblings. But the birth rate dropped after 1929 thru the end of WW2. Many of us babybo...
by Leesbro63
Wed Jun 13, 2018 11:28 am
Forum: Personal Finance (Not Investing)
Topic: Car Lease for parents
Replies: 37
Views: 2529

Re: Car Lease for parents

Leasing is like taking a 5-6 year loan, with a “put” at 3 years. It’s not like whole life insurance vs term.
by Leesbro63
Tue Jun 12, 2018 10:04 pm
Forum: Investing - Help with Personal Investments
Topic: Taking $1M+ Long Term Capital Gains
Replies: 68
Views: 6287

Re: Taking $1M+ Long Term Capital Gains

Perhaps never sell and never pay cap gains taxes. Ride the market’s ups and downs but hold tight and never pay tax like Warren Buffett. The permanent tax paid is gone forever. Market drops have good probabilities (but, granted, no guarantees) of being only temporary.
by Leesbro63
Tue Jun 12, 2018 9:06 pm
Forum: Personal Finance (Not Investing)
Topic: Car Lease for parents
Replies: 37
Views: 2529

Re: Car Lease for parents

In rethinking this, I'm not totally sure leasing is a bad choice here. First of all, ma and pa are used to driving a General Motors car. Assuming they get another one to be somewhat familiar and comfortable, these cars depreciate horrendously. The leases are usually subsidized. Due to their advanced...
by Leesbro63
Tue Jun 12, 2018 6:34 pm
Forum: Investing - Help with Personal Investments
Topic: Investing when someone else gets all dividends
Replies: 80
Views: 4743

Re: Investing when someone else gets all dividends

Can’t all the beneficiaries (current income beneficiary and current trustees who are the future beneficiaries) agree, in writing, to something that amends the trust and allows for “total return investing”? I’m no lawyer, but if all of the parties agree, is this not legal/doable? Maybe the current in...
by Leesbro63
Tue Jun 12, 2018 11:10 am
Forum: Personal Consumer Issues
Topic: At what point to buy new car for safety
Replies: 94
Views: 9297

Re: At what point to buy new car for safety

The overall driver death rate for all 2011 and equivalent models during 2009-12 was 28 deaths per million registered vehicle years. The overall driver death rate for all 2002 and equivalent models during 2000-03 was 87 deaths per million registered vehicle years. http://www.iihs.org/iihs/topics/dri...
by Leesbro63
Mon Jun 11, 2018 8:55 am
Forum: Personal Finance (Not Investing)
Topic: Car Lease for parents
Replies: 37
Views: 2529

Re: Car Lease for parents

One thing to consider: older drivers of “Detroit Iron” often don’t adjust well to “foreign cars”. You might stick with General Motors. Even after 20 years, a new one will be closer to what they are used to than anything else.
by Leesbro63
Sun Jun 10, 2018 1:59 pm
Forum: Investing - Theory, News & General
Topic: Don’t cheat yourself with the 4% rule
Replies: 159
Views: 17942

Re: Don’t cheat yourself with the 4% rule

Also, a relatively short-term recession shouldn't represent a real threat to early retirees as it alone does not constitute a poor sequence of returns. In fact, early retirees should know full well that they are likely to experience many recessions throughout the course of their retirement. Since t...
by Leesbro63
Sun Jun 10, 2018 10:22 am
Forum: Investing - Theory, News & General
Topic: Don’t cheat yourself with the 4% rule
Replies: 159
Views: 17942

Re: Don’t cheat yourself with the 4% rule

That's interesting but doesn't work for recent years where bonds were paying less, and the combined total was less. I think everybody has generally accepted that 4% was based on betting on a single economy and getting lucky, and virtually nobody suggests relying on that now. So you lose half a perc...
by Leesbro63
Fri Jun 08, 2018 3:07 pm
Forum: Personal Consumer Issues
Topic: Best solution for digitizing documents?
Replies: 55
Views: 5445

Re: Best solution for digitizing documents?

The unexpected biggest advantage (to me) of being paperless isn't the physical room saving. It's the ability to find stuff quickly.
by Leesbro63
Fri Jun 08, 2018 1:35 pm
Forum: Investing - Help with Personal Investments
Topic: Large inheritance -- looking for advice
Replies: 56
Views: 6543

Re: Large inheritance -- looking for advice

To Lookingforadvice (Original Poster): I just sent you a private message link that is a spoof on a segment in the John Goodman movie, "The Gambler". The spoof is done by a guy named JL Collins, who has his own blog to promote Boglehead-like thinking. Due to language, I can't post the link here, but ...
by Leesbro63
Fri Jun 08, 2018 8:03 am
Forum: Investing - Help with Personal Investments
Topic: Large inheritance -- looking for advice
Replies: 56
Views: 6543

Re: Large inheritance -- looking for advice

I’m sorry that you lost your father so young. That being said, it sounds like he left you with much more than “just” $5m. It appears that he left you with a good financial sense and an accumulation mentality. Which might be worth even more than the $5M. You can do this! I’d sell all the stocks and d...
by Leesbro63
Thu Jun 07, 2018 9:26 am
Forum: Investing - Theory, News & General
Topic: Don’t cheat yourself with the 4% rule
Replies: 159
Views: 17942

Re: Don’t cheat yourself with the 4% rule

randomguy wrote:
Wed Jun 06, 2018 1:28 pm
To get a 3% SWR for 100% safety, you need to shove it all in TIPs. If you start taking on market risks, you have that chance of a 2.5% case.
Not if your money is in a taxable account. You’d be subjecting all of your money to taxflation risk.
by Leesbro63
Thu May 31, 2018 7:55 pm
Forum: Personal Consumer Issues
Topic: Router hack, have you acted?
Replies: 101
Views: 8756

Re: Router hack, have you acted?

It’s the combo. Thank you!
by Leesbro63
Thu May 31, 2018 6:42 pm
Forum: Personal Consumer Issues
Topic: Router hack, have you acted?
Replies: 101
Views: 8756

Re: Router hack, have you acted?

I have an ARRIS router that I bought this past January from Best Buy to run with my Comcast internet. It's designed and sold as a specific "Comcast product". It's not at all clear what I now have to do to bring it up to security safety. HELP! I think just do the recommended items is sufficient for ...
by Leesbro63
Thu May 31, 2018 11:20 am
Forum: Personal Consumer Issues
Topic: Affresh or Clorox?
Replies: 10
Views: 1030

Re: Affresh or Clorox?

Our solution is to leave the door open. The tabs and cleaners work for a bit. If we don't leave the door open, all products fail and the musty smell returns. If the door is open, it air dries and we don't have any issues. I do that bit it still smells a bit anyway. Affresh did work nicely for about...
by Leesbro63
Thu May 31, 2018 11:18 am
Forum: Personal Finance (Not Investing)
Topic: The Side Hustle
Replies: 65
Views: 8175

Re: The Side Hustle

The days of manufactured spending are pretty much over. I dont know of any "easy" MF methods anymore. Im a frequent churner of credit cards...but since MF has died and chase implemented the 5/24 rule...the good ol days are over. I still fly for free and make $1k-$2k in gift cards a year...but its s...
by Leesbro63
Thu May 31, 2018 11:15 am
Forum: Personal Consumer Issues
Topic: Router hack, have you acted?
Replies: 101
Views: 8756

Re: Router hack, have you acted?

I have an ARRIS router that I bought this past January from Best Buy to run with my Comcast internet. It's designed and sold as a specific "Comcast product". It's not at all clear what I now have to do to bring it up to security safety. HELP!
by Leesbro63
Thu May 31, 2018 10:59 am
Forum: Personal Consumer Issues
Topic: Affresh or Clorox?
Replies: 10
Views: 1030

Affresh or Clorox?

I am wondering about the pricey Affresh tabs for my somewhat stinky front loading LG washing machine. Any harm or other reason not to just use a cup of Clorox every month or so?
by Leesbro63
Wed May 30, 2018 8:13 am
Forum: Personal Finance (Not Investing)
Topic: The Side Hustle
Replies: 65
Views: 8175

Re: The Side Hustle

"Side hustle"....sort of a Mr.MoneyMustache thing for not REALLY working but needing money. I'm amused by the differences and similarities between MMM and Bogleheads, which I view as a millenial vs babyboomer version of roughly the same thing.
by Leesbro63
Wed May 30, 2018 7:18 am
Forum: Personal Consumer Issues
Topic: Router hack, have you acted?
Replies: 101
Views: 8756

Re: Router hack, have you acted?

How do you update firmware? Does resetting the router automatically do that? I reset mine and it took a longer than usual time, I think, to reset. Maybe it was updating?
by Leesbro63
Tue May 29, 2018 4:23 pm
Forum: Personal Consumer Issues
Topic: How To Store Blue Rhino Tanks Safely
Replies: 35
Views: 2707

Re: How To Store Blue Rhino Tanks Safely

2b2 wrote:
Tue May 29, 2018 2:39 pm
I hereby award Sidney a POINT (perhaps posthumously).

2b2
+1. Hilarious :D
by Leesbro63
Tue May 29, 2018 12:40 pm
Forum: Personal Consumer Issues
Topic: How To Store Blue Rhino Tanks Safely
Replies: 35
Views: 2707

Re: How To Store Blue Rhino Tanks Safely

Then why do HD/Lowe’s have the gauges with the grill stuff with no notice that “this really won’t measure what it says it measures”?
by Leesbro63
Tue May 29, 2018 10:57 am
Forum: Personal Consumer Issues
Topic: How To Store Blue Rhino Tanks Safely
Replies: 35
Views: 2707

Re: How To Store Blue Rhino Tanks Safely

I can barely grill, let alone side vous or voulez vous. Koo koo ka choo.
by Leesbro63
Tue May 29, 2018 10:47 am
Forum: Personal Consumer Issues
Topic: How To Store Blue Rhino Tanks Safely
Replies: 35
Views: 2707

Re: How To Store Blue Rhino Tanks Safely

Here's another idea (I am the original poster and suggested using a 1 pound cannister as backup, but no one has responded): Get a gauge for the 20 pound tank. They are cheap at Home Depot or Lowe's. When the first tank gets low but not empty, swap to the second (full) tank. Keep the almost-empty tan...
by Leesbro63
Tue May 29, 2018 9:47 am
Forum: Personal Consumer Issues
Topic: How To Store Blue Rhino Tanks Safely
Replies: 35
Views: 2707

Re: How To Store Blue Rhino Tanks Safely

What about the 1 or 2 lb cylinder thing? Will they attach to a standard 20lb tank type gas grill? I’m thinking I’d rather not deal with storing an extra 20 lb tank. Can a 1lb cannister connect to the grill? And can a 1 lb cannister be stored inside?
by Leesbro63
Tue May 29, 2018 1:34 am
Forum: Personal Consumer Issues
Topic: How To Store Blue Rhino Tanks Safely
Replies: 35
Views: 2707

Re: How To Store Blue Rhino Tanks Safely

Instead of keeping a grill-sized tank of propane to swap out with the original, might a small cylinder of propane work to finish cooking a meal? And are one or two small cylinders safe to store in the house?
by Leesbro63
Mon May 28, 2018 8:38 pm
Forum: Personal Consumer Issues
Topic: How To Store Blue Rhino Tanks Safely
Replies: 35
Views: 2707

How To Store Blue Rhino Tanks Safely

How do you safely store Blue Rhino type propane tanks? It seems to me that you need to always have 1 backup tank in case your steak isn't done before the tank is. Yet I don't love the idea of having to store a tank. So what are the do's and don'ts ?
by Leesbro63
Mon May 28, 2018 8:29 pm
Forum: Personal Consumer Issues
Topic: My New Car Buying Tips
Replies: 288
Views: 75515

Re: My New Car Buying Tips

I have to tell you, the post above makes me wonder a bit. I am very "value conscious". But I'm not sure I'd want to work that hard to save $500 by beating up a car dealer that thoroughly...not that I love car dealers. My approach is to get a few bids at a few convenient dealers, maybe go back and fo...
by Leesbro63
Tue May 22, 2018 9:53 am
Forum: Personal Consumer Issues
Topic: Time For New Car?
Replies: 34
Views: 2549

Re: Time For New Car?

I would replace the car for safety reasons. Get a car with automatic braking, lane swerve prevention and whatever else is out there.
by Leesbro63
Mon May 14, 2018 2:50 pm
Forum: Personal Finance (Not Investing)
Topic: FINCON...other Boglehead-Type Groups
Replies: 5
Views: 966

Re: FINCON...other Boglehead-Type Groups

Who knew? Yes, many of us are not as “frugal oriented” as Mr. Money Mustache and similar sites. My guess is that “we” are more “Babyboomer oriented”, with the goal of a traditional, but very secure retirement. While these groups are Millenials who have been scarred by coming of age in the Great Rece...
by Leesbro63
Sun May 13, 2018 2:24 pm
Forum: Personal Consumer Issues
Topic: Cars similar to Toyota Corolla LE that I should consider for purchase?
Replies: 26
Views: 2181

Re: Cars similar to Toyota Corolla LE that I should consider for purchase?

SimonJester wrote:
Sat May 12, 2018 10:38 pm
There are two other choices, a Corolla XLE or the Corolla CE (now the corolla L) . You could of course splurge on a Camry as well and that would be acceptable.
I think the 2018 choices are Corolla L, LE and SE
by Leesbro63
Sun May 13, 2018 2:24 pm
Forum: Personal Consumer Issues
Topic: Cars similar to Toyota Corolla LE that I should consider for purchase?
Replies: 26
Views: 2181

Re: Cars similar to Toyota Corolla LE that I should consider for purchase?

Mazda 3 might be another option. Yes. We just bought a 2018 Mazda 3 Touring for my wife. Paid $20,250 "out the door" and it's being delivered to our doorstep on Monday for no extra cost. It's a top safety pick and according to Consumer Reports very reliable. I think the Corolla now comes with a CVT...
by Leesbro63
Sun May 13, 2018 2:16 pm
Forum: Investing - Theory, News & General
Topic: Muni bondholders vs. pensions
Replies: 50
Views: 3162

Re: Muni bondholders vs. pensions

Be careful about taking comfort in diversification. Underfunded pensions are not isolated to just a few issuers. It's a very widespread issue with varying degrees of severity. I don't know what's going to happen, but I would be far more concerned about a big wave of defaults than a few isolated def...