Search found 1492 matches

by Tom_T
Mon Nov 16, 2020 9:29 am
Forum: Investing - Theory, News & General
Topic: Share proof that no one knows nothing
Replies: 68
Views: 7016

Re: Share proof that no one knows nothing

Great post on an investment board forum: You only need to get it right once (e.g. Elaine Garzarelli, John Paulson, Peter Schiff, etc.)...and then you can brag about and be famous for that one correct prediction for the rest of your life. Of course, some people don't even get it right once , yet stil...
by Tom_T
Mon Nov 16, 2020 8:51 am
Forum: Personal Investments
Topic: Thinking of Selling my Bonds
Replies: 29
Views: 2579

Re: Thinking of Selling my Bonds

I wonder if anyone noticed that the 10-year rate is about to double from its March low? Did anyone's portfolio collapse? :wink:
by Tom_T
Sun Nov 15, 2020 12:57 pm
Forum: Personal Consumer Issues
Topic: Winter A/C care
Replies: 8
Views: 623

Re: Winter A/C care

Thanks, all. I might put something just on top (like a piece of plywood as someone mentioned), but other than that, I won't worry about it. I will definitely clear out the leaves in the spring.
by Tom_T
Sun Nov 15, 2020 10:45 am
Forum: Personal Consumer Issues
Topic: Winter A/C care
Replies: 8
Views: 623

Winter A/C care

Does anyone cover their outside A/C compressor in the winter? I've read differing opinions on this. Pro: keeps leaves and snow out of the unit. Con: a non-breathable cover could cause moisture buildup inside the unit. I've also seen two types of covers: one that covers the entire unit top to bottom,...
by Tom_T
Thu Nov 12, 2020 7:45 am
Forum: Personal Finance (Not Investing)
Topic: What recourse do I have when a gym bills me after cancellation?
Replies: 24
Views: 2554

Re: What recourse do I have when a gym bills me after cancellation?

Somewhere along the way, gyms decided that their business model would be (1) make it easy for you to sign up, and (2) make it really, really hard for you to cancel. "Send us a letter by registered mail" -- sound familiar? I don't recall sending anything else by registered mail unless it wa...
by Tom_T
Sat Nov 07, 2020 1:40 pm
Forum: Personal Investments
Topic: Vanguard Prime MM Fund Yields 1.96%
Replies: 6
Views: 2854

Re: Vanguard Prime MM Fund Yields 1.96%

Yes, some programmer took the percentage return out of the database (perhaps stored as 1.96), and forgot to divide by 100. Been there, done that. :)
by Tom_T
Sat Nov 07, 2020 10:23 am
Forum: Personal Consumer Issues
Topic: Wifi Booster Question
Replies: 5
Views: 616

Re: Wifi Booster Question

something has to happen for it to be set up to connect to your network. Some have a button. Others have to be configured with a computer.
by Tom_T
Sat Nov 07, 2020 9:50 am
Forum: Personal Finance (Not Investing)
Topic: for people expecting to be paid on Friday 1/1/2021 - slightly odd note from employer HR
Replies: 85
Views: 9202

Re: for people expecting to be paid on Friday 1/1/2021 - slightly odd note from employer HR

Getting paid on 1/1 seems odd to me. I get paid the 15th and end-of-month, adjusted for weekends/holidays. If Sunday is the 15th, I get paid Friday. If Friday is December 25th or January 1st, I get paid Thursday. I can only speak for myself, but I've had a few jobs over many years in Corporate Ameri...
by Tom_T
Mon Oct 26, 2020 12:01 pm
Forum: Personal Finance (Not Investing)
Topic: Potential job loss at 62
Replies: 37
Views: 4213

Re: Potential job loss at 62

OP, The mortgage numbers are confusing. Oldfort's back of the envelope calculation shows that. Can you give us the details on the mortgage? You told us 3.5% and monthly payment is $2,700. So $380,000 was financed? But then the balance of $115,000 is off. Thanks, Bear Ah, I should have clarified tha...
by Tom_T
Mon Oct 26, 2020 6:47 am
Forum: Personal Finance (Not Investing)
Topic: Potential job loss at 62
Replies: 37
Views: 4213

Re: Potential job loss at 62

In a way, I have to laugh about it. There's a Twitter meme that goes something like this:

Me: "The year 2020 can't get any worse!"
2020: "Hold my beer"
by Tom_T
Mon Oct 26, 2020 6:26 am
Forum: Personal Finance (Not Investing)
Topic: Potential job loss at 62
Replies: 37
Views: 4213

Re: Potential job loss at 62

If you can find a new mortgage with low or no closing costs there would be no downside to refinancing if you can get the same or lower interest rate. What is the interest rate on your current mortgage? Current rate is 3.5%. My current 15-year mortgage has six years to go, and my original plan was t...
by Tom_T
Sun Oct 25, 2020 2:57 pm
Forum: Personal Finance (Not Investing)
Topic: Potential job loss at 62
Replies: 37
Views: 4213

Potential job loss at 62

Need some sage advice. I am about to turn 62, and my company has just been sold. I am not optimistic I will have a job a year from now. I am in tech, but getting another job in this field at my age would be a miracle and I'm not expecting to do so. I have figured that if I can get any job that pays ...
by Tom_T
Wed Oct 14, 2020 4:05 pm
Forum: Personal Consumer Issues
Topic: Great iPhone deals?
Replies: 16
Views: 1750

Re: Great iPhone deals?

I have used swappa.com to buy used iPhones in the past. They are pretty strict about what can be sold there (i.e. no damaged screens), the seller has to be verified, and the buyer is protected. In other words, it's not a Craiglist-type free-for-all.
by Tom_T
Wed Oct 14, 2020 3:44 pm
Forum: Personal Finance (Not Investing)
Topic: Social security. Take it at 62 [Motley Fool article]
Replies: 222
Views: 20030

Re: Social security. Take it at 62 [Motley Fool article]

Another issue, that may affect a timing decision, for married folks: - Say for example you would get $20,000 at age 62 - you decide to wait until age 70 - 6 yrs later at age 68 you die - your you/spouse loses $20,000 a year ($20k x 6 =$120,000) - in addition, you my have depleted part of your savin...
by Tom_T
Wed Oct 14, 2020 3:07 pm
Forum: Investing - Theory, News & General
Topic: Simplicity on Bond Funds
Replies: 181
Views: 13845

Re: Simplicity on Bond Funds

Keeping on topic, I am not so sure more than one bond fund is really needed in a portfolio. Abuss368, I only want to hold one bond fund but reading this thread has my head spinning and I am entirely uncertain which fund to choose. I am leaning towards Vanguard's total bond fund or an intermediate t...
by Tom_T
Tue Oct 13, 2020 9:00 am
Forum: Investing - Theory, News & General
Topic: Simplicity on Bond Funds
Replies: 181
Views: 13845

Re: Simplicity on Bond Funds

I already sleep well because we're all going to leave this life one day, so I don't see the point of stressing out over which bond fund to use. I have money in the bank, and an appropriate asset allocation, and an IPS. That is all I can do -- the rest is beyond my control. Whether I use one bond fun...
by Tom_T
Tue Sep 29, 2020 7:29 am
Forum: Investing - Theory, News & General
Topic: Vanguard will be moving their mail operations to El Paso in the future
Replies: 48
Views: 8233

Re: Vanguard will be moving their mail operations to El Paso in the future

I would consider this a fraudulent piece of spam until I learned otherwise. Even if El Paso has an incoming mail center there, I would continue sending my correspondence to Valley Forge, PA, especially if no other Bogleheads get such a letter. It's not spam. The Vanguard site itself now explains th...
by Tom_T
Mon Aug 31, 2020 2:18 pm
Forum: Personal Consumer Issues
Topic: Should I sell my stash of dental floss now worth $3,000?
Replies: 123
Views: 14891

Re: Should I sell my stash of dental floss now worth $3,000?

Anyone else rethinking their dental floss allocation? With COVID and the Fed, I don't see how floss values can go up from here.
by Tom_T
Wed Aug 26, 2020 8:47 am
Forum: Personal Finance (Not Investing)
Topic: Maintenance and Repair of HVAC, Water Heaters, etc
Replies: 28
Views: 2494

Re: Maintenance and Repair of HVAC, Water Heaters, etc

I'm fine with spending the annual fee for my company's maintenance service. To me it's peace-of-mind insurance. Besides the two annual checkups (which they would charge for if I weren't on the plan), they will come out the same day if there's ever a problem (vs. "we can have someone there on Th...
by Tom_T
Wed Aug 26, 2020 6:28 am
Forum: Investing - Theory, News & General
Topic: Bear Cub Smells Bubble
Replies: 406
Views: 30104

Re: Bear Cub Smells Bubble

So, we might get two 30% corrections in one year? That would be a first, I think.
by Tom_T
Fri Aug 07, 2020 7:13 am
Forum: Investing - Theory, News & General
Topic: What happens if you run out of money in retirement?
Replies: 175
Views: 15606

Re: What happens if you run out of money in retirement?

I’m 20 years from retirement, but I think Medicaid would allow you to live in a nursing home or assisted living center, and cover healthcare, and social security should be enough to cover expenses outside of that. Sell off assets, live in an apartment that’s income-based, etc. Medicaid requires tha...
by Tom_T
Wed Jul 29, 2020 11:58 am
Forum: Personal Investments
Topic: New 2020 W-4 increases your taxes?
Replies: 22
Views: 1456

Re: New 2020 W-4 increases your taxes?

The 2020 W4 form has a worksheet to calculate your withholding. It's on another page, so you might not have it if you just have a copy of the first page. If you Google "w4 2020", the first result will be a link to the PDF on the IRS site. You're allowed to put amounts to either increase or...
by Tom_T
Mon Jul 27, 2020 11:04 am
Forum: Personal Investments
Topic: What is your game plan as market is reaching its previous all time high?
Replies: 174
Views: 19330

Re: What is your game plan as market is reaching its previous all time high?

Don't we want the market to reach all-time highs? :) it is at near all time highs I know, it "feels" high... but look at a chart of the Dow for the last 30 years. You won't even be able to count the number of days it made an all-time high. Why is today of concern, and not any of the other...
by Tom_T
Thu Jul 23, 2020 12:38 pm
Forum: Investing - Theory, News & General
Topic: Your thoughts on negative interest rates
Replies: 162
Views: 6610

Re: Your thoughts on negative interest rates

Folks, I know that I know nothing. I am diversified. As for others that think they know something like "Negative interest rate = no bond or bond fund", I wish them the best of luck. KlangFool The question for me is: how low should one go while staying the course? -5%? -10%? -50%? Is there...
by Tom_T
Wed Jul 22, 2020 8:33 am
Forum: Personal Consumer Issues
Topic: [On-going Scams - Post them here]
Replies: 355
Views: 23870

Re: [On-going Scams - Post them here]

Verizon FiOS customers now have access to Nomorobo at no cost. It will screen out a good number of garbage calls. What happens is that either the call will be completely blocked, or the phone will ring once and then be cut off. I don't answer the phone anyway if I don't recognize the number, but thi...
by Tom_T
Wed Jul 22, 2020 8:27 am
Forum: Personal Consumer Issues
Topic: How to get good deal on new iphone
Replies: 7
Views: 740

Re: How to get good deal on new iphone

I highly recommend swappa.com, which is a resale market for phones and tablets. It's not a free-for-all; you can't sell a phone unless it meets certain criteria, and listings must be approved by the admins before they are posted. No cracked screens allowed. I've purchased a few used iPhones there, a...
by Tom_T
Tue Jul 21, 2020 10:10 am
Forum: Investing - Theory, News & General
Topic: Convince me not to sell all my US equities to Cash temporarily
Replies: 135
Views: 11495

Re: Convince me not to sell all my US equities to Cash temporarily

Hi Everyone. For context, I'm 36 years old, married , one child. Less than $500k invested (index funds). 80/20 portfolio. I'm having a really hard time right now, not wanting to temporarily sell all my US equities to cash. The way that US stocks have rebounded baffles me and US equities seem comple...
by Tom_T
Tue Jul 21, 2020 7:09 am
Forum: Investing - Theory, News & General
Topic: Vanguard's Wellesley Income fund is incredible
Replies: 604
Views: 126059

Re: Vanguard's Wellesley Income fund is incredible

Another thing to remember is that it's an oversimplification to model what would happen "if interest rates rise 1%." For a fund like Total Bond, what does that mean? Which rates have risen 1%? The ten-year? TBM has a range of maturities. I did a little homework to find a recent example of ...
by Tom_T
Mon Jul 20, 2020 9:17 am
Forum: Investing - Theory, News & General
Topic: With interest rates at zero, is VBTLX still a sensible component of the Three Fund Portfolio?
Replies: 117
Views: 8487

Re: With interest rates at zero, is VBTLX still a sensible component of the Three Fund Portfolio?

Here is the question: If interest rates rise 1% overall, which seems possible or even probable, this fund is going to lose 6.4% of its value, at a time that I am only earning 1.25%. That doesn't seem like a great risk to reward ratio. In the IRA, I would eventually invest in some individual TIPS an...
by Tom_T
Mon Jul 20, 2020 8:44 am
Forum: Investing - Theory, News & General
Topic: With interest rates at zero, is VBTLX still a sensible component of the Three Fund Portfolio?
Replies: 117
Views: 8487

Re: With interest rates at zero, is VBTLX still a sensible component of the Three Fund Portfolio?

Even short term treasury fund, VGSH, is yielding near 2% right now and is free from state tax. This rate will trend down, but over the next year I expect that fund to handily beat Ally savings account at 1% (which is also trending downward). VGSH is yielding near 2%? Per Vanguard site, its yield is...
by Tom_T
Wed Jun 17, 2020 1:20 pm
Forum: Personal Investments
Topic: Question about what to do with inherited 401k
Replies: 31
Views: 2650

Re: Question about what to do with inherited 401k

Be sure to ask the 401K administrator about their rules. My wife recently inherited a 401K due to a sibling's passing. I spoke with the company which informed me that, under their rules, the account has to be emptied in five years. That is NOT something we want to do. So we are planning to transfer ...
by Tom_T
Mon Jun 15, 2020 7:36 am
Forum: Investing - Theory, News & General
Topic: Vanguard projects 10 year returns: TSM 6.5% Int'l 9.5%
Replies: 120
Views: 11865

Re: Vanguard projects 10 year returns: TSM 6.5% Int'l 9.5%

The Vanguard investment outlook in 2012 can be easily found with a Web search. A couple of nuggets: 50% likelihood of a 6% real return in international Expected long-term return on EM statistically identical to developed markets That is the thing about market predictions and outlooks. It is rare for...
by Tom_T
Thu Jun 04, 2020 9:05 am
Forum: Personal Investments
Topic: AA with variable drawdown
Replies: 12
Views: 573

Re: AA with variable drawdown

Thank you all - this is excellent information, and I've now got something to work with.
by Tom_T
Thu Jun 04, 2020 7:36 am
Forum: Personal Investments
Topic: AA with variable drawdown
Replies: 12
Views: 573

Re: AA with variable drawdown

Note that RMD's start at age 72 now. Are IRA's your only retirement accounts? What will be your withdrawal rate once you start SS? If you are worried about sequence of returns risk when you have to make significant withdrawals early in retirement, it makes sense to lower the percentage of equities ...
by Tom_T
Thu Jun 04, 2020 7:35 am
Forum: Personal Investments
Topic: AA with variable drawdown
Replies: 12
Views: 573

Re: AA with variable drawdown

That is sort of our situation. What I do is withdraw "just in time" to pay monthly bills. AA is easy: I just maintain the same AA that I have had for many years. I intend to maintain that AA until after I die. Thus, I am not sure what your question actually is. Let's say I have two funds ...
by Tom_T
Thu Jun 04, 2020 6:48 am
Forum: Personal Investments
Topic: AA with variable drawdown
Replies: 12
Views: 573

AA with variable drawdown

I'm having a little trouble planning my asset allocation. Summary: I am 61, plan to retire in six years. I want to wait until age 70 to max out SS. This means that I'll have to rely more on my IRA from ages 67-69, and then I can just use RMDs. My wife is four years younger, so she'll be supplying so...
by Tom_T
Fri May 22, 2020 8:27 am
Forum: Personal Investments
Topic: I freaked out…now what?
Replies: 60
Views: 6354

Re: I freaked out…now what?

I've been in your position in the past. There are two main issues, in my opinion. 1. When to get back in. This is why you shouldn't get out, because you will never feel comfortable about getting back in. Market is dropping? "I can't get back in now, the market is dropping." Market is risin...
by Tom_T
Sat May 16, 2020 6:23 am
Forum: Personal Finance (Not Investing)
Topic: Inheriting an inherited IRA (non-spouse)
Replies: 8
Views: 937

Re: Inheriting an inherited IRA (non-spouse)

First, condolences on your father. I've read that the 10-year rule applies to successor beneficiaries, which is what you are. From Ed Slott's site: "The rules have changed for successor beneficiaries. They must empty the account within ten years instead of continuing the stretch over the origin...
by Tom_T
Tue Feb 25, 2020 11:42 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 20713
Views: 2830775

Re: U.S. stocks in free fall

I have foolishly done some market timing over the years, and although there were times that it worked out, there were other times when I was out of the market when it would have been better to be in. And then the light bulb went on: even if a particular move worked, the same "should-I-or-should...
by Tom_T
Tue Jan 21, 2020 7:58 pm
Forum: Personal Consumer Issues
Topic: [Used] car philosophy
Replies: 23
Views: 1659

[Used] car philosophy

Looking to add another car to the family, used, mostly for travel around town. My approach in the past has been to get one with 15K-25K miles and drive it forever. I've been to the Honda dealer looking at some of their "certified" used cars, which I've had pretty good luck with. My questio...
by Tom_T
Tue Dec 31, 2019 12:49 pm
Forum: Personal Consumer Issues
Topic: Can I get the new customer rate from Verizon Fios? Or should I switch to Spectrum?
Replies: 52
Views: 6169

Re: Can I get the new customer rate from Verizon Fios? Or should I switch to Spectrum?

Literally ten minutes after I cancelled my service, I got an e-mail from Verizon with a "special offer." But, here is something Verizon has started to do which is really deceptive. The prices they advertise are now exclusive of equipment. For example, for a new customer, they advertise a 7...
by Tom_T
Tue Dec 31, 2019 12:37 pm
Forum: Personal Consumer Issues
Topic: Can I get the new customer rate from Verizon Fios? Or should I switch to Spectrum?
Replies: 52
Views: 6169

Re: Can I get the new customer rate from Verizon Fios? Or should I switch to Spectrum?

I am doing the two-year dance with Verizon, and for the first time, they aren't offering me a thing to stay. In the past, I could always get them to offer some discounts and renew me at a decent rate. This year, I tried three different times with no luck. One person offered me the same rate as my ou...
by Tom_T
Mon Dec 30, 2019 3:05 pm
Forum: Personal Finance (Not Investing)
Topic: EFC of 59K?! That is more than my net pay
Replies: 227
Views: 12989

Re: EFC of 59K?! That is more than my net pay

You mean someone doesn't have to spend a quarter of a million dollars to get a decent undergraduate degree?!? My wife has a relative who put three kids through good schools in NYC, including graduate school for at least one of them, and he was bragging (I think) that he spent a million dollars on t...
by Tom_T
Mon Dec 30, 2019 2:59 pm
Forum: Personal Finance (Not Investing)
Topic: EFC of 59K?! That is more than my net pay
Replies: 227
Views: 12989

Re: EFC of 59K?! That is more than my net pay

I discovered that if you do a transfer of retirement assets (like your 401K to your IRA), the FAFSA IRS retrieval tool counts that as income! Yes, my EFC went from $18,000 to over $100,000. Don't call the FAFSA people -- they are completely useless and cannot help you. Only the college can see the ...
by Tom_T
Mon Dec 30, 2019 2:06 pm
Forum: Personal Finance (Not Investing)
Topic: EFC of 59K?! That is more than my net pay
Replies: 227
Views: 12989

Re: EFC of 59K?! That is more than my net pay

I discovered that if you do a transfer of retirement assets (like your 401K to your IRA), the FAFSA IRS retrieval tool counts that as income! Yes, my EFC went from $18,000 to over $100,000. Don't call the FAFSA people -- they are completely useless and cannot help you. Only the college can see the d...
by Tom_T
Mon Dec 23, 2019 10:59 am
Forum: Personal Consumer Issues
Topic: Can I get the new customer rate from Verizon Fios? Or should I switch to Spectrum?
Replies: 52
Views: 6169

Re: Can I get the new customer rate from Verizon Fios? Or should I switch to Spectrum?

I don't think you can keep your phone number, unless someone has a different experience. A new customer is just that, new.
by Tom_T
Tue Jul 23, 2019 9:26 am
Forum: Personal Consumer Issues
Topic: Broken and New Dishwasher Issues
Replies: 11
Views: 1154

Re: Broken and New Dishwasher Issues

No hot water sounds repairable to me, as a previous poster said. The heating element for a Bosch costs $100-$150 from what I can see on the Web. Usually, a repairman applies the cost of the visit to the repair should you decide to use his services. Let's say the whole thing costs $300. The cheapest ...
by Tom_T
Tue Jul 23, 2019 6:26 am
Forum: Personal Consumer Issues
Topic: What companies provide the best customer service
Replies: 58
Views: 4751

Re: What companies provide the best customer service

+1 on Chewy.com (pet food) This has happened more than once to me: 1. I order canned cat food from Chewy. 2. There's an issue with the order (e.g. the wrong flavor was accidentally sent). 3. Chewy sends me a replacement within two days. 4. Chewy tells me to donate the original order to a local shelt...