Search found 5798 matches

by delamer
Sun Sep 23, 2018 11:03 pm
Forum: Investing - Help with Personal Investments
Topic: Take out 15 year Mortgage in time we have left?
Replies: 1
Views: 270

Re: Take out 15 year Mortgage in time we have left?

Here’s how I’d look at the decision, whether you keep the same mortgage or refi. There is no obvious answer — Would you be able to pay off the mortgage by the time you are both fully retired if you dropped your retirement contributions? **If no, then what would be the advantage of prepaying? **If ye...
by delamer
Sun Sep 23, 2018 10:33 pm
Forum: Investing - Theory, News & General
Topic: Another SS question - unique situation
Replies: 1
Views: 241

Re: Another SS question - unique situation

A widow/widower has to be age 60 to get survivor benefits.

(Earlier if disabled or caring for minor children.)

ssa.gov has plenty of information on this topic.
by delamer
Sun Sep 23, 2018 10:26 pm
Forum: Investing - Help with Personal Investments
Topic: How much is too much in one stock?
Replies: 9
Views: 792

Re: How much is too much in one stock?

Another related thought —

I inherited a portfolio with quite a few individual stocks. One of the first actions that I took was to get rid of stocks with small positions (like less than $10,000), just to simplify the portfolio.
by delamer
Sun Sep 23, 2018 6:13 pm
Forum: Personal Finance (Not Investing)
Topic: Long Term Care
Replies: 20
Views: 1033

Re: Long Term Care

National Guardian and One America. I show both to my clients. One big obstacle however, is about 30% of those that apply can't qualify medically. Make sure you talk with a independent broker and let them ask about medical history. We often submit preliminary info to the insurer to get an idea of in...
by delamer
Sun Sep 23, 2018 6:06 pm
Forum: Investing - Help with Personal Investments
Topic: How much is too much in one stock?
Replies: 9
Views: 792

Re: How much is too much in one stock?

vineviz wrote:
Sun Sep 23, 2018 6:03 pm
I wouldn’t worry about any stock worth less than 5% of the total portfolio, unless maybe if you had more than two in the same industry or sector.
I agree.
by delamer
Sun Sep 23, 2018 6:03 pm
Forum: Personal Finance (Not Investing)
Topic: Long Term Care
Replies: 20
Views: 1033

Re: Long Term Care

Are there any long-term care policies? The ones I've seen are called long-term but are really short-term, only covering the first few years. A long-term policy would cover an unlimited amount of time, but not the first few years. This is exactly the type if policy that I’d like. We can self insure ...
by delamer
Sun Sep 23, 2018 5:58 pm
Forum: Personal Finance (Not Investing)
Topic: Long Term Care
Replies: 20
Views: 1033

Re: Long Term Care

There are "long term" policies that will pay benefits for life. Self insuring is great as long as you don't need it. If you do have insurance after a few months of claims all premiums are more than returned in the form of claims. Self insuring can cost much more if one goes on claim. There are some...
by delamer
Sun Sep 23, 2018 5:55 pm
Forum: Personal Finance (Not Investing)
Topic: Long Term Care
Replies: 20
Views: 1033

Re: Long Term Care

Assisted living in San Diego costs about $120k/year for a couple. A nursing home costs more, but with hospice and a DNR it shouldn't be necessary. LTC insurance is paid from day one and may not be needed by both of you or even one of you. And the contract tells you when you'll be eligible to collec...
by delamer
Sat Sep 22, 2018 9:08 pm
Forum: Investing - Help with Personal Investments
Topic: Mom's Estate: Can you help please?
Replies: 44
Views: 1917

Re: Mom's Estate: Can you help please?

The first ADT necklace we had produced a lot of false positives, so we had them send a new one. Much improved, and truly a lifesaver as she fell on the garage floor. Unfortunate that she cannot live on one floor. Do any of her friends live in retirement homes that allow the transition to AL? Can yo...
by delamer
Sat Sep 22, 2018 2:53 pm
Forum: Investing - Help with Personal Investments
Topic: How to fund education for grandchildren: various strategies? Help?
Replies: 23
Views: 1224

Re: How to fund education for grandchildren: various strategies? Help?

First step is to consilt with your sons to see if they have preferences. You can certainly limit their options, but it is unfair to set up any investments for their children without giving them a chance to weigh in. Your decisions can have tax implications for them and/or affect how they invest any...
by delamer
Sat Sep 22, 2018 2:52 pm
Forum: Investing - Help with Personal Investments
Topic: How to fund education for grandchildren: various strategies? Help?
Replies: 23
Views: 1224

Re: How to fund education for grandchildren: various strategies? Help?

I am one of those who uses the expression "man plans and God laughs". If you could afford it I just think it's best to pay for it when the time comes. You can write the check directly to the educational Institution. But this gets back to my point about allowing the parents to plan. “I’ll write a ch...
by delamer
Sat Sep 22, 2018 12:01 pm
Forum: Investing - Help with Personal Investments
Topic: How to fund education for grandchildren: various strategies? Help?
Replies: 23
Views: 1224

Re: How to fund education for grandchildren: various strategies? Help?

First step is to consilt with your sons to see if they have preferences. You can certainly limit their options, but it is unfair to set up any investments for their children without giving them a chance to weigh in. Your decisions can have tax implications for them and/or affect how they invest any ...
by delamer
Sat Sep 22, 2018 11:33 am
Forum: Investing - Theory, News & General
Topic: Time periods for personal investment
Replies: 25
Views: 1544

Re: Time periods for personal investment

Your #1 implies a binary decision on investing in stocks — either you do or you don’t, rather than a possible continuum from 0% to 100% for stock allocation.

Are you asking at what time horizon I’d invest any money in stocks?
by delamer
Sat Sep 22, 2018 11:27 am
Forum: Investing - Help with Personal Investments
Topic: How do I allocate social security in retirement?
Replies: 19
Views: 1693

Re: How do I allocate social security in retirement?

The degree to which Social Security benefits cover your expenses in retirement is a more important factor in deciding on an allocation.

If SS covers 80% of your expenses you should invest differently than if it covers 20% of your expenses.
by delamer
Fri Sep 21, 2018 3:48 pm
Forum: Investing - Help with Personal Investments
Topic: Timing vs planning -- what would you do?
Replies: 8
Views: 612

Re: Timing vs planning -- what would you do?

This is not something we are doing at roughly the same age (although much closer to retirement.). It is market timing. This best thing you can do as you approach retirement is to get a good handle on your expected expenses and your expected income (from Social Security, pensions, investments). The a...
by delamer
Fri Sep 21, 2018 3:33 pm
Forum: Investing - Help with Personal Investments
Topic: HELOC as a bonds replacement for drawing down from in a downturn?
Replies: 34
Views: 1854

Re: HELOC as a bonds replacement for drawing down from in a downturn?

It's good question. I never had the need to access my emergency funds. BofA never closed the account, even during the financial crisis. I doubt it would have been difficult to access the fund if I did need them. The HELOC came with checks, a VISA or I could have had the $$ directly deposited into m...
by delamer
Fri Sep 21, 2018 1:57 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement investing help...please
Replies: 7
Views: 438

Re: Retirement investing help...please

Good for for you for getting her way from EJ. Is she withdrawing 5% of the assets now at Schwab or is she withdrawing 5% of the total $460,000? If she is market phobic, then her comfort level with stocks is the most important factor in determining her stock allocation. You could suggest a fund-of-f...
by delamer
Fri Sep 21, 2018 1:49 pm
Forum: Investing - Help with Personal Investments
Topic: Proposed Retirement Portfolio Critique Solicited
Replies: 7
Views: 718

Re: Proposed Retirement Portfolio Critique Solicite

Even if this portfolio was absolutely appropriate in terms of allocation (stocks/bonds) and number of funds, there are many similar funds/ETFs that have much lower ERs that would accomplish the same thing. Vanguard, for example, has similar funds that are available with ERs of 0.1% or less. That sai...
by delamer
Fri Sep 21, 2018 1:25 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement investing help...please
Replies: 7
Views: 438

Re: Retirement investing help...please

Good for for you for getting her way from EJ. Is she withdrawing 5% of the assets now at Schwab or is she withdrawing 5% of the total $460,000? If she is market phobic, then her comfort level with stocks is the most important factor in determining her stock allocation. You could suggest a fund-of-fu...
by delamer
Fri Sep 21, 2018 12:50 pm
Forum: Personal Finance (Not Investing)
Topic: Rate our 5 yr plan and beyond
Replies: 25
Views: 1449

Re: Rate our 5 yr plan and beyond

What are your priorities? Is it for your wife to be able to find a job with a shorter commute, even if it means less money? It is to be able to afford a child in 4 years? Why 4 years? How will you afford child care with a reduced income? Is it for you to be able to retire/take a pay cut at 55? Is t...
by delamer
Thu Sep 20, 2018 9:35 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio advice. 3 fund?
Replies: 7
Views: 855

Re: Portfolio advice. 3 fund?

Is this money you are saving for retirement, or is it for some other purpose?
by delamer
Thu Sep 20, 2018 9:28 pm
Forum: Personal Finance (Not Investing)
Topic: Best Way to Apply for Social Security Widow Benefits and More
Replies: 14
Views: 1049

Re: Best Way to Apply for Social Security Widow Benefits and More

Hello - Sorry for your loss. I believe I can answer question 1. You may take a spousal benefit at anytime beginning at age 62 if your spouse has begun their worker benefit (but it is discounted if you start it prior to your FRA) and it does not grow if you start the spousal benefit after your FRA. ...
by delamer
Thu Sep 20, 2018 8:01 pm
Forum: Personal Finance (Not Investing)
Topic: Best Way to Apply for Social Security Widow Benefits and More
Replies: 14
Views: 1049

Re: Best Way to Apply for Social Security Widow Benefits and More

I am sorry for your loss.

Are you receiving any Social Security on your husband’s record now?
by delamer
Thu Sep 20, 2018 7:54 pm
Forum: Personal Finance (Not Investing)
Topic: Rate our 5 yr plan and beyond
Replies: 25
Views: 1449

Re: Rate our 5 yr plan and beyond

What are your priorities? Is it for your wife to be able to find a job with a shorter commute, even if it means less money? It is to be able to afford a child in 4 years? Why 4 years? How will you afford child care with a reduced income? Is it for you to be able to retire/take a pay cut at 55? Is th...
by delamer
Thu Sep 20, 2018 7:09 pm
Forum: Investing - Help with Personal Investments
Topic: should I invest it all now?
Replies: 7
Views: 1068

Re: should I invest it all now?

Vanguard’s advice is OK. But consider putting the $482,000 into the Vanguard LifeStrategy Conservative Growth Fund (VSCGX): https://investor.vanguard.com/mutual-funds/lifestrategy/#/mini/overview/0724 It is a bit more conservative and because it is a fund-of-funds, you are less like to do panic buyi...
by delamer
Thu Sep 20, 2018 4:23 pm
Forum: Investing - Help with Personal Investments
Topic: Newbie with no idea where to invest
Replies: 18
Views: 1028

Re: Newbie with no idea where to invest

Vanguard Index 500 is average of 11.05% since 1976, VTSMX 9.72% since 1992, Wellington 8.26% since 1929 although I am not totally on Ramsey's side, he just states the averages (of his funds usually). Average is average if a fund has an average of 12% or 9% or 3% that is what you should expect until...
by delamer
Thu Sep 20, 2018 4:18 pm
Forum: Personal Finance (Not Investing)
Topic: Rate our 5 yr plan and beyond
Replies: 25
Views: 1449

Re: Rate our 5 yr plan and beyond

Are you 41/37 now, or will you be in 4 years? I am asking because of fertility issues. You could have paid $30,000 for a car and gotten a reliable sedan, or bought a used Jeep. Best to not kid yourself about the Jeep. It was an indulgence that is interfering with your larger goals. in 4 yrs, and ye...
by delamer
Thu Sep 20, 2018 4:03 pm
Forum: Personal Finance (Not Investing)
Topic: Please help me assess condo purchase and overall finances
Replies: 22
Views: 1163

Re: Please help me assess condo purchase and overall finances

I can't risk missing my October 2 closing date. Can I negotiate origination fees? I don't know why there's an administration and processing fee. I'm sure the lender has a perfectly good reason... The reason is to take money out of your pocket and put it in the lender’s. Not to mention that your int...
by delamer
Thu Sep 20, 2018 3:57 pm
Forum: Personal Finance (Not Investing)
Topic: Rate our 5 yr plan and beyond
Replies: 25
Views: 1449

Re: Rate our 5 yr plan and beyond

Are you 41/37 now, or will you be in 4 years? I am asking because of fertility issues.

You could have paid $30,000 for a car and gotten a reliable sedan, or bought a used Jeep.

Best to not kid yourself about the Jeep. It was an indulgence that is interfering with your larger goals.
by delamer
Thu Sep 20, 2018 3:34 pm
Forum: Personal Finance (Not Investing)
Topic: Please help me assess condo purchase and overall finances
Replies: 22
Views: 1163

Re: Please help me assess condo purchase and overall finances

I feel like my closing costs are relatively high. Even subtracting the single payment for PMI and mortgage points ($9,826 - $1,487 - $812) my closing costs are $7,527 or 3.96% of the sale price. Do any of these seem abnormally high to anyone? Can/should I negotiate this with my mortgage broker? htt...
by delamer
Thu Sep 20, 2018 3:31 pm
Forum: Personal Consumer Issues
Topic: Another Mini-split thread.
Replies: 3
Views: 445

Re: Another Mini-split thread.

Your subject line is confusing/misleading.

Suggest you change it to refer to AC.
by delamer
Thu Sep 20, 2018 3:27 pm
Forum: Personal Consumer Issues
Topic: MySocialSecurity and credit freeze block annoyance
Replies: 5
Views: 523

Re: MySocialSecurity and credit freeze block annoyance

I literally went through this a few days ago. I lifted my Equifax freeze (temporarily), waited 24 hours, and was able to create my Social Security account online. Lifting the freeze was free. It is disturbing that the government is relying on an outside agency to verify identities. On the other hand...
by delamer
Thu Sep 20, 2018 3:12 pm
Forum: Personal Finance (Not Investing)
Topic: Elderly parents are in debt - Need advice
Replies: 39
Views: 4643

Re: Elderly parents are in debt - Need advice

My parents, both in their seventies, have a lot of debt and no assets except a small amount of equity in their home. They owe money on their car, they have thousands (about 45k) in credit card debt, and they have other personal loans. They have zero in cash savings. They are looking into filing for...
by delamer
Thu Sep 20, 2018 2:53 pm
Forum: Personal Finance (Not Investing)
Topic: Hubby soon to be laid off
Replies: 74
Views: 7458

Re: Hubby soon to be laid off

If you want to stay, refinance your mortgage to a 30 year. That will cut your mortgage payment by 1/3 even with a higher interest rate. Let your heirs pay off the mortgage when they sell the house. If your husband gets another job you can aggressively pay it off. If you go that route the extra inte...
by delamer
Thu Sep 20, 2018 2:50 pm
Forum: Personal Finance (Not Investing)
Topic: Hubby soon to be laid off
Replies: 74
Views: 7458

Re: Hubby soon to be laid off

How much do you estimate you need in retirement? I think you need to make a budget. You don't seem in that bad of shape. the $2800 mortgage is tough though. Can you sell the house and downsize? You have over $500k in equity so maybe you can buy a smaller house. Agreed. You gave us information on pa...
by delamer
Thu Sep 20, 2018 12:11 pm
Forum: Investing - Theory, News & General
Topic: Simple-minded sayings?
Replies: 35
Views: 2643

Re: Simple-minded sayings?

but in another thread someone will remind you to "Be greedy when others are fearful, and fearful when others are greedy" but then someone will decree "Don't try to time the market" Those aren’t contradictory, if that is what you are implying. The first refers to rebalancing — which means having the...
by delamer
Thu Sep 20, 2018 12:05 pm
Forum: Investing - Help with Personal Investments
Topic: Newbie with no idea where to invest
Replies: 18
Views: 1028

Re: Early Retirement Where to Invest

The 4% rule applies to portfolio survival for those in their 60’s. In your early 30’s, a 2% to 2.5% withdrawal rate is needed to provide assurances of portfolio survival. As pointed out earlier, the withdrawal rate is the percent of assets you can take from the portfolio. It is only somewhat related...
by delamer
Thu Sep 20, 2018 11:53 am
Forum: Personal Consumer Issues
Topic: Did you really have something to retire to?
Replies: 128
Views: 10310

Re: Did you really have something to retire to?

I originally planned to retire to reading all the books and music CDs accumulated over the years, getting reacquainted with model railroading hobby that my father and I enjoyed when I was a young boy, and doing some travelling to state fairs and air shows around the country. All that changed two ye...
by delamer
Thu Sep 20, 2018 11:35 am
Forum: Investing - Help with Personal Investments
Topic: HELOC as a bonds replacement for drawing down from in a downturn?
Replies: 34
Views: 1854

Re: HELOC as a bonds replacement for drawing down from in a downturn?

I like(d) the strategy so much that I used it for a related reason. I used a HELOC as my emergency fund for >20 years, which allowed me to keep that money in the market instead of a low interest account. I set it up at my bank (BofA). Their HELOC came with a 25 year term/10 year draw, usually had 1...
by delamer
Wed Sep 19, 2018 9:52 pm
Forum: Investing - Help with Personal Investments
Topic: Paying off mortgage vs investing?
Replies: 20
Views: 1855

Re: Paying off mortgage vs investing?

I would pay $250 extra per month. Wraps up in 19 years and interest will be $95950. Versus $158900 in interest if you paid on the 30-year schedule. Thank you for the response above Thank you also mort. As someone who is frugal, paying an extra 100k in interest is crazy!! I can comfortably add $600 ...
by delamer
Wed Sep 19, 2018 9:23 pm
Forum: Investing - Help with Personal Investments
Topic: HELOC as a bonds replacement for drawing down from in a downturn?
Replies: 34
Views: 1854

Re: HELOC as a bonds replacement for drawing down from in a downturn?

At some point, you’ll need to start paying back the HELOC principal too.

How does that figure into your plan?
by delamer
Wed Sep 19, 2018 3:11 pm
Forum: Personal Consumer Issues
Topic: Did you really have something to retire to?
Replies: 128
Views: 10310

Re: Did you really have something to retire to?

I retired in order to spend more time doing the things that I enjoy and less time doing the things that I don’t enjoy,

I am not sure what you mean by “solid.” If you mean a specific plan on how I was going to spend all the time that I previously spent working, then no.
by delamer
Wed Sep 19, 2018 3:05 pm
Forum: Personal Finance (Not Investing)
Topic: What's the best early retirement strategy for us?
Replies: 39
Views: 3061

Re: What's the best early retirement strategy for us?

What is a good basic strategy? Payoff mortgage early, refinance, max out retirement plans...we need some order to the chaos :) Doesn't really matter. Pretty much all that does is getting that 48k/year into savings by either paying off the house or getting in the retirement accounts. Save that for 1...
by delamer
Wed Sep 19, 2018 2:41 pm
Forum: Investing - Help with Personal Investments
Topic: It seems simplke bot of course not! Benchmarking ...
Replies: 14
Views: 710

Re: It seems simplke bot of course not! Benchmarking ...

The best benchmark is probably a target date retirement fund that matches your age/expected retirement date. E.g. https://investor.vanguard.com/mutual-funds/profile/VFORX Trying to get up to speed on all this so a follow-up question … I'm thinking my goal is to self-manage my 401(k) using the 2-4 f...
by delamer
Wed Sep 19, 2018 2:32 pm
Forum: Investing - Theory, News & General
Topic: “Majority of working-age Americans have no retirement savings”
Replies: 73
Views: 3869

Re: “Majority of working-age Americans have no retirement savings”

Is is safe to say that "The majority of retirement-age Americans are retired" ? Majority, yes. This is from a report based on 2016 data from BLS: “In May, 18.8% of Americans ages 65 and older, or nearly 9 million people, reported being employed full- or part-time, continuing a steady increase that ...
by delamer
Wed Sep 19, 2018 2:18 pm
Forum: Investing - Help with Personal Investments
Topic: It seems simplke bot of course not! Benchmarking ...
Replies: 14
Views: 710

Re: It seems simplke bot of course not! Benchmarking ...

Each fund in your 401(k) has an appropriate benchmark noted in its fact sheet or its prospectus. So your first step is to identify that benchmark. Then find out the performance of each benchmark for the time period you want to look it. You also need to find out the performance of each of your funds,...
by delamer
Wed Sep 19, 2018 2:06 pm
Forum: Investing - Theory, News & General
Topic: Equity allocation for Flagship clients?
Replies: 47
Views: 3784

Re: Equity allocation for Flagship clients?

Anything over 60% equity after age 60 may indicate having an increasing marginal utility of wealth, which for a Flagship client at that stage of life seems a bit puzzling but to each his own. Perhaps reflects a legacy or charitable intent. Or the ability to cover expenses through pensions, Social S...
by delamer
Wed Sep 19, 2018 12:12 am
Forum: Personal Finance (Not Investing)
Topic: What's the best early retirement strategy for us?
Replies: 39
Views: 3061

Re: What's the best early retirement strategy for us?

I’d find out how much you can each expect from Social Security, especially given that you’ll be retiring so early. There are calculators where you can input zeroes for your non-working years to get accurate estimates. Then I’d calculate how much money you’ll need to spend from savings each your to c...
by delamer
Tue Sep 18, 2018 10:59 pm
Forum: Personal Consumer Issues
Topic: Experiences downsizing to single car
Replies: 34
Views: 2858

Re: Experiences downsizing to single car

Thesaints wrote:
Mon Sep 17, 2018 5:47 pm
How much does it cost to keep an extra car ?
Obviously, it will vary depending on the car and where you live.

But even if you rarely drive it, you need to pay for insurance and tags. So those are fixed costs.
by delamer
Mon Sep 17, 2018 11:13 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Double Check
Replies: 23
Views: 1568

Re: Retirement Double Check

You have a better shot at a 30 year retirement if you walk out at age 45 or 50 and still no guarantee of it either. You can do everything right and life happens. I wouldn’t be fixated on a 30 year retirement horizon unless family genetics is favorable towards longevity, though no guarantee. On aver...