Search found 167 matches

by Breezy
Thu Sep 10, 2020 12:54 pm
Forum: Personal Investments
Topic: How do I hedge inflation for a non-COLA pension
Replies: 7
Views: 776

Re: How do I hedge inflation for a non-COLA pension

To me, the overall rate of inflation is less important than MY personal rate of inflation. In the short term, it's easier to plan around, too. For instance, it's easier for me to decide that in the first three years of retirement, I will spend (for instance) $35,000/year from my retirement accounts....
by Breezy
Thu Sep 03, 2020 5:26 pm
Forum: Personal Consumer Issues
Topic: To Join a Gym or Not After 70? Type of Gym? Are Fitness Goals Achievable?
Replies: 70
Views: 4406

Re: To Join a Gym or Not After 70? Type of Gym? Are Fitness Goals Achievable?

My mom, who is in her 80s, believes that if you don't use it you lose it, and as such goes for walks every day and has resisted moving to a one-level house so has to do the stairs several times per day. I think there's something to this. I'm not sure joining a gym is a good idea right now, but going...
by Breezy
Sat Aug 29, 2020 6:35 pm
Forum: Personal Investments
Topic: 2 part Question: Apple Stock & VG Total Bond MF
Replies: 5
Views: 519

Re: 2 part Question: Apple Stock & VG Total Bond MF

This is one of the reasons I like Life Strategy funds, because you’re not tempted to sell stocks or bonds when the returns aren’t what you hoped for. It helps prevent tinkering. Having said that, I think it’s ok for people who are inclined to tinker to allot a small percentage or small dollar amount...
by Breezy
Wed Aug 19, 2020 1:19 pm
Forum: Personal Finance (Not Investing)
Topic: Elder parents co-checking.
Replies: 20
Views: 1919

Re: Elder parents co-checking.

... DW is one of seven surviving children with her mother unlikely to live more than a year or two. Her oldest sister is joint on DW's mother's checking account which raises the concern of what happens to the account when the mother dies (DW will be executor so this is something she will need to de...
by Breezy
Fri Aug 14, 2020 3:04 pm
Forum: Personal Investments
Topic: $20,000 windfall- Help!
Replies: 71
Views: 5318

Re: $20,000 windfall- Help!

Seeing your net worth, personally I would create an additional option of upgrading electronics or household larger items. Then, I would divide it by three and put 1/3 in investments, 1/3 toward a great vacation, and 1/3 getting new TVs, computers, etc. because we're overdue & those sorts of larg...
by Breezy
Sat Aug 08, 2020 6:47 pm
Forum: Investing - Theory, News & General
Topic: AMZN & AAPL - time to bail?
Replies: 167
Views: 14536

Re: AMZN & AAPL - time to bail?

You could always set a limit order to sell. Then at least you've locked in your gains.
by Breezy
Mon Aug 03, 2020 12:01 pm
Forum: Personal Investments
Topic: Might be obvious question, but trying to simplify saving for near-term goals
Replies: 3
Views: 336

Might be obvious question, but trying to simplify saving for near-term goals

In the next few years, I'd like to help pay for some of my daughter's grad tuition, do some delayed home maintenance, take a nice overseas trip once this pandemic passes, as examples. Now, I'm presently setting aside money to do all these things and letting it accrue in money market and/or VTXVX (re...
by Breezy
Tue Jul 14, 2020 11:37 am
Forum: Personal Investments
Topic: Does Vanguard Offer "Buckets" For Their Brokerage Accounts?
Replies: 17
Views: 1451

Re: Does Vanguard Offer "Buckets" For Their Brokerage Accounts?

Not in the kids' names, just ours. The purpose was mostly for college, etc., so those expenses were still handled at the parental level. As far as transferring it tax efficiently, what has ended up happening is that we kept the investments as is and paid for college, etc., out of cash flow and savin...
by Breezy
Mon Jul 13, 2020 5:01 pm
Forum: Personal Investments
Topic: Does Vanguard Offer "Buckets" For Their Brokerage Accounts?
Replies: 17
Views: 1451

Re: Does Vanguard Offer "Buckets" For Their Brokerage Accounts?

You definitely can do this, if I am understanding you correctly. You want a taxable account in your names to invest and keep it separate from your other funds. I did exactly the same thing - I had $50 put away monthly into two accounts, one for each kid. It'll actually be a separate account with a s...
by Breezy
Thu Jul 09, 2020 12:56 pm
Forum: Personal Consumer Issues
Topic: Apple Airpods vs. Airpods Pro?
Replies: 33
Views: 2356

Re: Apple Airpods vs. Airpods Pro?

I have really loved my Airpods. I got my husband the Airpod Pros, and he has consistent issues with them dropping off their connection, and apparently it's a known issue. If they worked well, I'd spring for the Airpod Pros because I think the noise canceling aspect is great, but we've been less than...
by Breezy
Thu Jul 09, 2020 12:54 pm
Forum: Personal Consumer Issues
Topic: Coronavirus (Consumer Issues) How you are preparing?
Replies: 1764
Views: 147878

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

Just thought I'd post from Arizona, the covid hotspot of the world. We're seeing exponential growth in cases, and I have friends who've been tested and won't even get results for 5-8 days, which means our numbers, high as they are, are lagging quite a bit. As of about a week ago, our hospital system...
by Breezy
Thu Jun 25, 2020 11:37 am
Forum: Personal Investments
Topic: Providing for parent
Replies: 19
Views: 1920

Re: Providing for parent

Will there be social security income as well? Depending on how much support you are providing, there may be tax benefits for you. https://www.irs.gov/faqs/irs-procedures/for-caregivers I think the most important thing will be to get them in a living situation that is affordable and that they can liv...
by Breezy
Thu Jun 25, 2020 11:10 am
Forum: Personal Investments
Topic: Advise on Index Funds
Replies: 10
Views: 1269

Re: Advise on Index Funds

Gosh, if your loan forgiveness program pans out, your rental is basically paying for lots of it - nice! How much will you owe in taxes if the loans are forgiven? I ask because twelve years comes up fast and that's also right about when you're looking at college expenses potentially. How stable are y...
by Breezy
Thu Jun 25, 2020 10:45 am
Forum: Personal Finance (Not Investing)
Topic: Borrow from family or sell equities for cash
Replies: 43
Views: 3774

Re: Borrow from family or sell equities for cash

As I look over your initial post and note your situation and income, I'm actually thinking the simplest thing for you to do would be to tap into your brother or dad's credit line. (How frustrating you haven't received your tax refund and yet need to make a tax payment, btw!) I also think withdrawing...
by Breezy
Mon Jun 22, 2020 12:13 pm
Forum: Personal Investments
Topic: Potentially Putting 50% Cash Savings Into Income Mutual Fund
Replies: 39
Views: 1870

Re: Potentially Putting 50% Cash Savings Into Income Mutual Fund

I am doing exactly that with the money I am setting aside to do a home renovation once the pandemic is over. I understand it could dip in value, but to me that’s ok.
by Breezy
Tue Jun 16, 2020 9:18 am
Forum: Personal Finance (Not Investing)
Topic: Borrow from family or sell equities for cash
Replies: 43
Views: 3774

Re: Borrow from family or sell equities for cash

When we replaced our AC last year, the company offered 0% financing for a year. We didn’t expect this when we had them in for a quote. It turned out to be a Wells Fargo offer. We took it & paid it off within that time. I bet it’s a common offer.
by Breezy
Mon Jun 08, 2020 2:47 pm
Forum: Personal Investments
Topic: Haven't been sleeping well.. thinking of getting super conservative with AA
Replies: 69
Views: 7432

Re: Haven't been sleeping well.. thinking of getting super conservative with AA

How large of an emergency fund do you have & would you change that as well? One option would be to have a relatively small emergency fund if it’s in a money market type fund and hold most of your emergency fund in the retirement income fund you’re considering. Otherwise, you’d actually be below ...
by Breezy
Sat Apr 04, 2020 5:38 pm
Forum: Personal Finance (Not Investing)
Topic: House Upsizing/ Upgrade
Replies: 7
Views: 853

Re: House Upsizing/ Upgrade

I think moving is a good idea for you. Build up more cash first, but make the move.
by Breezy
Sat Apr 04, 2020 5:25 pm
Forum: Personal Investments
Topic: Emergency Fund Liquidity
Replies: 8
Views: 987

Re: Emergency Fund Liquidity

I transferred $25k from my Vanguard money market to my credit union savings account just in case both my spouse and I get sick. I would want the ability to quickly transfer some money into my kids’ accounts. They are young adults and responsible and I would want them to have cash enough to cover our...
by Breezy
Mon Mar 09, 2020 11:14 am
Forum: Personal Consumer Issues
Topic: Coronavirus (Consumer Issues) How you are preparing?
Replies: 1764
Views: 147878

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

People are pulling demand forward by stockpiling, but is there any reduction in the volume of food getting through? I'll soon find out because I need groceries. I'm one of those ones that is really worried because I am in that so-called 20% high risk group. What I'm wondering is if in addition to f...
by Breezy
Sun Mar 01, 2020 5:48 pm
Forum: Personal Consumer Issues
Topic: Coronavirus (Consumer Issues) How you are preparing?
Replies: 1764
Views: 147878

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

Our Costco today was out of toilet paper, bottled water, canned chicken and all pasta except for "lentil pasta." For some things, death is preferable. I love lentil pasta! But this reminds me of a picture I saw in preparation for a big storm on the East Coast. Everything spot in the refri...
by Breezy
Thu Feb 13, 2020 9:02 am
Forum: Personal Consumer Issues
Topic: Coronavirus (Consumer Issues) How you are preparing?
Replies: 1764
Views: 147878

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

In terms of the original question, I placed an order for my contact lenses earlier than I would have figuring the factory they’re made in might be shut down for a time and life would really be difficult for me without them! Also, while at Costco this week I was hyper aware of all the things I touche...
by Breezy
Thu Feb 13, 2020 8:58 am
Forum: Personal Consumer Issues
Topic: Coronavirus (Consumer Issues) How you are preparing?
Replies: 1764
Views: 147878

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

I have several months of foreign travel planned starting later this spring. I accept the fact that the coronavirus, or something else that we haven't even thought of yet, might disrupt my plans. I have travel medical and trip evacuation insurance. I too have medical evacuation insurance (MedJet), b...
by Breezy
Mon Jan 27, 2020 5:29 pm
Forum: Investing - Theory, News & General
Topic: My Most Hated - and Favorite - IPS Rule
Replies: 24
Views: 3347

Re: My Most Hated - and Favorite - IPS Rule

Thanks, I just added that statement to mine (or I will in 90 days...) My IPS is long because I address my own behavioral tendencies. The section of my IPS that I reviewed today and found helpful is this: When The Markets Go Crazy, Good or Bad: -- When the market is crashing, stay the course. -- When...
by Breezy
Thu Dec 05, 2019 5:17 pm
Forum: Personal Finance (Not Investing)
Topic: Follow Up: Husband's Surprise Debts
Replies: 371
Views: 39418

Re: Follow Up: Husband's Surprise Debts

My goodness, I feel for you. I have a few thoughts I want to share after reading through all five pages of this thread over the course of a week or so, seeing your updates and new information you've learned. 1. Your first goal should be to protect yourself financially as best you can. This would inc...
by Breezy
Mon Nov 25, 2019 1:59 pm
Forum: Personal Investments
Topic: Selling Rental Property: Best Dec. 30 or Jan. 3?
Replies: 4
Views: 728

Selling Rental Property: Best Dec. 30 or Jan. 3?

We're likely selling a rental property we own and will owe taxes on within the next 60 days. My question has to do with whether to close this year or next. We bought it for $55,000 about twenty years ago and will walk away with about $150-160,000. We are selling to one of the tenants without a realt...
by Breezy
Wed Nov 13, 2019 1:57 pm
Forum: Personal Finance (Not Investing)
Topic: The difficulty of discarding frugality?
Replies: 110
Views: 11375

Re: The difficulty of discarding frugality?

My ISP is as much behavioral based as nuts & bolts because I'm a compartmentalizer, I'm naturally frugal, and I come from a background where my family had money and lost it. By adding certain behavior-based statements to my ISP, I read them year after year in hopes that I can internalize them, a...
by Breezy
Mon Sep 30, 2019 3:24 pm
Forum: Personal Finance (Not Investing)
Topic: Home repair - paying cash (dollar bills)
Replies: 60
Views: 5722

Re: Home repair - paying cash (dollar bills)

Right, and with a project of this size, you might not know what corners have been cut until the guy is long gone. I do pay cash sometimes for small things, say less than $300, but I wouldn't for work of this scope.
by Breezy
Mon Sep 30, 2019 3:12 pm
Forum: Personal Finance (Not Investing)
Topic: Home repair - paying cash (dollar bills)
Replies: 60
Views: 5722

Re: Home repair - paying cash (dollar bills)

I wouldn't hire the guy at all because the reason he's doing it is to cheat & not pay taxes on his earnings. Which makes him a cheat, which means you might get cheated too, someway & somehow.
by Breezy
Thu Sep 26, 2019 7:10 pm
Forum: Personal Investments
Topic: Roth for college savings
Replies: 13
Views: 700

Re: Roth for college savings

[/quote] But what you say about the Roth needing to grow the longest is interesting. Do most people access their pre-tax portion of their IRA before the Roth portion? Why do you say it needs to grow the longest? [/quote] Before I even had kids, I bought EE and I savings bonds knowing I could sell th...
by Breezy
Mon Sep 23, 2019 12:35 pm
Forum: Personal Consumer Issues
Topic: Physical activity suggestions for a non athletic youth
Replies: 189
Views: 10747

Re: Physical activity suggestions for a non athletic youth

There are a lot of walking apps that your son might find fun and motivational. I got this idea thinking back to when Pokemon Go came out a few years ago & how people just went nuts for it. My son was maybe a freshman in HS at the time & he and his friends walked like crazy playing this game....
by Breezy
Tue Sep 10, 2019 11:44 am
Forum: Personal Finance (Not Investing)
Topic: Can a Roth be an emergency EF?
Replies: 32
Views: 3033

Re: Can a Roth be an emergency EF?

It might make more sense to cut back on your 401K contributions than to tap your Roth. I would also consider selling a vehicle if it would bring you the money you might need & either do without for a bit or replace it with a cheaper one. I would check to see if you can withhold less for taxes - ...
by Breezy
Wed Sep 04, 2019 12:59 pm
Forum: Personal Investments
Topic: Self insured Long Term Care Fund
Replies: 36
Views: 2886

Re: Self insured Long Term Care Fund

Hello, fellow compartmentalizer! I completely understand your desire to do this. Thankfully, you can simply have multiple Vanguard sub-accounts so you can "see" that the money is set aside, and yet it's all still together and can even be invested in the same funds. As an example, beyond my...
by Breezy
Wed Aug 28, 2019 7:36 pm
Forum: Personal Finance (Not Investing)
Topic: Long distance property managemnt: fiscally responsible or headache?
Replies: 19
Views: 1532

Re: Long distance property managemnt: fiscally responsible or headache?

We held off getting a property manager for our rentals for years but now wish we'd done so a lot earlier if for no other reason that they are able to find tenants to fill vacant units so quickly that that alone makes it worth it because we often let units sit vacant longer than we should have while ...
by Breezy
Wed May 21, 2014 11:05 am
Forum: Personal Finance (Not Investing)
Topic: Life Insurance Term Length; 20 vs 30
Replies: 9
Views: 3249

Re: Life Insurance Term Length; 20 vs 30

Have you run numbers to see how it would decrease if you lost weight? Typically, a thirty-year level policy is the way to go when you're young, because the cost of it will only go up. You could also do $500,000 for a thirty-year and pick up 10-year term insurance along the way, which would probably ...
by Breezy
Fri Apr 11, 2014 10:25 am
Forum: Personal Finance (Not Investing)
Topic: Job Offer (Pension Closed since Interview?)
Replies: 8
Views: 1512

Re: Job Offer (Pension Closed since Interview?)

Do you have a pension where you are now? If so, I'd really run some numbers on what you'd have to save going forward to match what you'd be getting from your pension at your current (presumably safe) position if you stayed. In our family's situation, the numbers always are in favor of staying with a...
by Breezy
Tue Feb 18, 2014 3:22 pm
Forum: Personal Investments
Topic: Need advice on liquidating UGTM accounts
Replies: 38
Views: 5500

Re: Need advice on liquidating UGTM accounts

How is it illegal? Or sleazy? I do not understand! I spend well over that amount ($3500) each year for their activites. Easy to document.

I think you guys are being jerks.
by Breezy
Tue Feb 18, 2014 3:07 pm
Forum: Personal Investments
Topic: Retiring with Mortgage Debt
Replies: 21
Views: 2219

Re: Retiring with Mortgage Debt

Maybe I'm just ultra conservative financially, but I would ask myself this question: If you could refinance your house for it's full value, no closing costs, fees or appraisal, and could get the same mortgage rate, would you do it in order to fund your taxable account? If the answer is yes, then wh...
by Breezy
Tue Feb 18, 2014 2:56 pm
Forum: Personal Investments
Topic: Need advice on liquidating UGTM accounts
Replies: 38
Views: 5500

Re: Need advice on liquidating UGTM accounts

I suppose the absolute easiest thing to do would be to close the Schwab UGTM accounts and open new ones at Vanguard, with the same dollar amounts. The only thing is, I want to begin adding money to accounts for them, but NOT the UGTM accounts. I would also like to keep it in my name with them as ben...
by Breezy
Fri Feb 14, 2014 12:20 pm
Forum: Personal Investments
Topic: Need advice on liquidating UGTM accounts
Replies: 38
Views: 5500

Need advice on liquidating UGTM accounts

I have UGTM accounts for my kids with about $8K each, opened before 529s existed. They are now teens, and I would like to liquidate the accounts, although still earmark them for my kids whether formally or not. They are three and four years away from college. I know these accounts affect their abili...
by Breezy
Tue Jan 07, 2014 10:18 am
Forum: Personal Investments
Topic: More income for my 78 yr. old aunt
Replies: 32
Views: 6610

Re: More income for my 78 yr. old aunt

I agree with the PenFed CDs, since she doesn't want to touch principal AND since her unbalanced stocks put her at risk, but are her income needs really that high?
by Breezy
Sun Nov 10, 2013 3:11 pm
Forum: Personal Finance (Not Investing)
Topic: Question: Can soc. sec. be adjusted upwards based on income?
Replies: 14
Views: 1506

Re: Question: Can soc. sec. be adjusted upwards based on inc

Thank you for your replies. I don't have access to her accounts, including SS info - she might provide it if asked, but my real point in asking you all is so I can provide her with questions she should ask/research. I'm positive she hasn't thought of anything having to do with SS in years - she just...
by Breezy
Sun Nov 10, 2013 2:55 pm
Forum: Personal Finance (Not Investing)
Topic: Question: Can soc. sec. be adjusted upwards based on income?
Replies: 14
Views: 1506

Question: Can soc. sec. be adjusted upwards based on income?

My mother started collecting social security in her early or mid 60s. She is now 73 and still working, although she will likely retire within the next year or so. My question is - is the amount she started to collect back then set forever, or is it recalculated based on her current earnings? Her inc...
by Breezy
Wed Aug 07, 2013 1:23 pm
Forum: Personal Finance (Not Investing)
Topic: HELOC to buy vacation home..thoughts?
Replies: 76
Views: 7796

Re: HELOC to buy vacation home..thoughts?

Some of my best memories are from the cottage we rented in summers when I was a kid. It was tiny and about 45 minutes from our house, on a lake. We spent the summers out there, and my dad drove into the city for work.

I say go for it.
by Breezy
Sat Apr 13, 2013 11:22 am
Forum: Personal Finance (Not Investing)
Topic: First Post - seeking wisdom on job (long, sorry)
Replies: 36
Views: 5236

Re: First Post - seeking wisdom on job (long, sorry)

I have this motto that has always served me well, although it takes courage to implement. But every time I do, I am so glad I did. It is, "Never make it easy for people who make it hard for you." It sounds to me like nobody is at their best - not your co-workers, not your supervisor, and n...
by Breezy
Mon Apr 08, 2013 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: Can the average investor make money in real estate?
Replies: 50
Views: 6310

Re: Can the average investor make money in real estate?

If it's an area you would like to live in for a few years, and the numbers work, I think it could be a very good decision. It's what I did - first thing we bought was a fourplex (FHA) with $3K down in the mid-1990s. We lived in one unit for free while the tenants paid the mortgage. Still have the fo...
by Breezy
Mon Apr 08, 2013 12:21 pm
Forum: Personal Finance (Not Investing)
Topic: Should my wife keep working or become a stay-at-home mom?
Replies: 112
Views: 12544

Re: Should my wife keep working or become a stay-at-home mom

I think she should keep working until it becomes very clear what the right situation is for you and your family. You can certainly afford good household/child help, and you should take advantage of it. Life is long. I left work when I had two kids under the age of three. My company was doing yet ano...
by Breezy
Thu Apr 04, 2013 4:26 pm
Forum: Personal Consumer Issues
Topic: .
Replies: 49
Views: 5692

Re: House facing direction and Solar heat

Well, I'd never buy or live in a house that has just one wall of windows. It would be too dark. Is this just an academic exercise, or are you actually building a house? There should be a window(s) in every room. I live in a hot, dry climate, and here is how I feel about my windows: Downstairs: Best ...
by Breezy
Thu Apr 04, 2013 4:13 pm
Forum: Personal Consumer Issues
Topic: Would you take new Gym promo?
Replies: 16
Views: 1554

Re: Would you take new Gym promo?

I would not take the offer because I'm suspicious of it. If it were to pay one year in full for a reduced rate, that would be one thing, but it actually sounds to me like advance planning on their part to screw over their customers. The huge trend in my area is the $10-20 month, no contract clubs, a...
by Breezy
Wed Apr 03, 2013 4:00 pm
Forum: Personal Finance (Not Investing)
Topic: Wait Time For Tax Preparer
Replies: 12
Views: 1394

Re: Wait Time For Tax Preparer

$1500 for a not-complicated return???? That seems way overpriced. How uncomplicated are we talking about?

Anyway, can't you just ask? And say you need it by such-and-such a date?