Search found 1453 matches

by J295
Mon Jul 16, 2018 6:18 pm
Forum: Personal Finance (Not Investing)
Topic: Class Reunion Fund: How to Hold and Where to Invest?
Replies: 10
Views: 448

Re: Class Reunion Fund: How to Hold and Where to Invest?

OP. How did you arrive at $250 post tax in 10 years at 3 % ? I get a higher amount. As treasurer she should earn some interest regardless of the “hassle.” That’s the volunteer treasurer job. Also consider your school foundation or your community foundation is a place to park the money with a differe...
by J295
Sun Jul 15, 2018 7:05 am
Forum: Personal Finance (Not Investing)
Topic: Would you trade experiences in your youth for early retirement
Replies: 81
Views: 5055

Re: Would you trade experiences in your youth for early retirement

Doesn’t have to be either/or.
Can be both/and.
by J295
Fri Jul 13, 2018 8:50 pm
Forum: Personal Finance (Not Investing)
Topic: Early retirement
Replies: 101
Views: 8023

Re: Early retirement

Retired early
Been at it about 5 years
Developed an elevator speech
Rarely see my work friends (co-owners) but remain strong and loyal friends
by J295
Fri Jul 13, 2018 8:40 pm
Forum: Personal Finance (Not Investing)
Topic: Guardian and Trustee being the same person?
Replies: 4
Views: 315

Re: Guardian and Trustee being the same person?

No longer pertinent as our children are adults, but back in the day our named guardian was separate from Trustee. I am a big believer in corporate trustees. You say you don’t have sufficient resources, but have you considered the death value of any life insurance you may have? I’m also a big believe...
by J295
Thu Jul 12, 2018 3:02 pm
Forum: Personal Finance (Not Investing)
Topic: Question for pre-ACA Early Retirees and pre-ACA solo folks
Replies: 33
Views: 1838

Re: Question for pre-ACA Early Retirees

Retired early. One option we had in the tool kit if needed was to go into the state high risk insurance pool if we couldn’t get coverage. Ended up that Supreme Court opinion opened up ACA for us.

Will adjust as needed in future. Life and health care are fluid. That’s ok with us.
by J295
Thu Jul 12, 2018 12:41 pm
Forum: Personal Finance (Not Investing)
Topic: Health Insurance for Couple Early Retirement
Replies: 29
Views: 2301

Re: Health Insurance for Couple Early Retirement

Our ACA network coverage is excellent.
by J295
Thu Jul 12, 2018 7:24 am
Forum: Personal Finance (Not Investing)
Topic: Health Insurance for Couple Early Retirement
Replies: 29
Views: 2301

Re: Health Insurance for Couple Early Retirement

OP From my perspective, it would be very helpful to have a summary of income sources/amounts so that we could confirm that in fact your brother SIL cannot keep modified adjusted gross income below the premium tax credit level. Perhaps we will be able to suggest modifications that may be helpful, suc...
by J295
Wed Jul 11, 2018 6:21 pm
Forum: Investing - Theory, News & General
Topic: Disappointed with Fidelity's Online Interface
Replies: 19
Views: 1509

Re: Disappointed with Fidelity's Online Interface

Your question was are you being ridiculous ?
Answer: yes

Action item: Take your business elsewhere
by J295
Tue Jul 10, 2018 10:11 am
Forum: Investing - Help with Personal Investments
Topic: What's up with Wells Fargo
Replies: 27
Views: 2857

Re: What's up with Wells Fargo

Par for the course.

For larger organizations our choice has been Fidelity. Otherwise, a locally owned bank.
by J295
Tue Jul 10, 2018 10:05 am
Forum: Personal Finance (Not Investing)
Topic: Should I take a $60k paycut to work 4days/week
Replies: 58
Views: 5162

Re: Should I take a $60k paycut to work 4days/week

We would do it in a heartbeat. We have done this with many such decisions and it all worked out fine. Choosing quality of life over $$$. Easy decisions for us. We ended up 30 years ago with stay at home parent and one worker. The "worker" later went very part time at 53 then retired. We had no plans...
by J295
Mon Jul 09, 2018 11:59 am
Forum: Personal Consumer Issues
Topic: Two or Three Day Golf Clinics?
Replies: 21
Views: 1589

Re: Two or Three Day Golf Clinics?

Interesting. OP asked about golf school recommendations. Didn’t ask about the best way to improve his/her game or alternatives to going to the school. Perhaps the golf school fits into an overall improvement strategy, perhaps OP is just looking for a fun three day trip, perhaps OP doesn’t want to ge...
by J295
Mon Jul 09, 2018 6:07 am
Forum: Personal Consumer Issues
Topic: What methods are you using to deterimine price to offer on new cars
Replies: 15
Views: 1335

Re: What methods are you using to deterimine price to offer on new cars

Agree with stlutz and I probably posted on that referenced link more detail…

Act swiftly. The Internet sales departments have a pretty robust business, and if they sense you are not a serious ready to act buyer you may not get a lot of attention.
by J295
Sun Jul 08, 2018 7:48 pm
Forum: Personal Consumer Issues
Topic: Two or Three Day Golf Clinics?
Replies: 21
Views: 1589

Re: Two or Three Day Golf Clinics?

58-year-old six handicapper here. I have opted to take instruction from the coach that one of my friends, a top amateur player my age, has worked with for 30 years. It’s been fun. I have never been to a school, if I were to go I think I would consider one of the following Extraordinary golf school —...
by J295
Sun Jul 08, 2018 6:28 am
Forum: Investing - Help with Personal Investments
Topic: Right decision ?
Replies: 20
Views: 2510

Re: Right decision ?

OP. We would’ve done the same thing. Our model is no debt, so after the house was paid off back in the day we haven’t carried debt. Others proceed differently, and that’s OK.
by J295
Sat Jul 07, 2018 6:20 am
Forum: Personal Consumer Issues
Topic: What time do you get up in the morning?
Replies: 138
Views: 8905

Re: What time do you get up in the morning?

Retired… Typically I tell people I’m a little bit like a dog —- eat when I’m hungry and I sleep when I’m tired… So I can wake up anywhere between 5 AM and 8 AM depending on my energy level
by J295
Thu Jul 05, 2018 8:11 pm
Forum: Personal Consumer Issues
Topic: Coffee Grinder recommendations
Replies: 56
Views: 2895

Re: Coffee Grinder recommendations

Caprezzo works great for us. Can use any beans anytime. Has 16 grind level settings
by J295
Wed Jul 04, 2018 6:54 pm
Forum: Personal Consumer Issues
Topic: Tipping at non sit down places
Replies: 94
Views: 7744

Re: Tipping at non sit down places

dm200 » Wed Jul 04, 2018 6:41 pm J295 wrote: ↑Wed Jul 04, 2018 6:38 pm Always tip Why? Never really gave it much thought until now .... I guess it's principally because we are fortunate to have sufficient resources and I enjoy giving it to the people (usually young people who no doubt can use the m...
by J295
Wed Jul 04, 2018 6:41 pm
Forum: Personal Consumer Issues
Topic: How to tip
Replies: 87
Views: 5260

Re: How to tip

20-50% of approximate total.
by J295
Wed Jul 04, 2018 6:38 pm
Forum: Personal Consumer Issues
Topic: Tipping at non sit down places
Replies: 94
Views: 7744

Re: Tipping at non sit down places

Always tip
by J295
Tue Jul 03, 2018 1:24 pm
Forum: Personal Consumer Issues
Topic: How Not to be a Slave to my Wood Deck?
Replies: 37
Views: 2835

Re: How Not to be a Slave to my Wood Deck?

Maintenance is required on a wood deck. Yes, it’s a pretty substantial cost to tear out and put in a composite surface, but that’s what we chose to do. While I don’t mind do it yourself repair projects around the house, annual maintenance on something like a deck is not my cup of tea
by J295
Tue Jul 03, 2018 7:04 am
Forum: Personal Finance (Not Investing)
Topic: Retirement Destination - are you happy with your choice?
Replies: 127
Views: 15111

Re: Retirement Destination - are you happy with your choice?

Depending upon your family situation, I will reinforce giving consideration to easy access to airport with direct flights to your family. Our children and grandchildren have lived in major metropolitan areas in the United States and in Europe and Asia. Ease of transportation to visit them, and for t...
by J295
Tue Jul 03, 2018 6:58 am
Forum: Personal Finance (Not Investing)
Topic: Do We need health insurance??
Replies: 94
Views: 6098

Re: Do We need health insurance??

OP likely can self-insure, but I believe it would be a poor decision and could materially negatively impact net worth

ACA coverage has worked out quite well for us since early retirement.
by J295
Mon Jul 02, 2018 9:16 am
Forum: Personal Finance (Not Investing)
Topic: Health Insurance for Retirees, % escalation
Replies: 34
Views: 2345

Re: Health Insurance for Retirees, % escalation

With previous employer costs for the two of us today would have been over $20,000 per year (that is full premium cost).

With Affordable Care Act and us managing MAGI (modified adjusted gross income) to qualify for PTC (premium tax credits) premiums are about $500 per year.
by J295
Sun Jul 01, 2018 10:15 pm
Forum: Personal Consumer Issues
Topic: Recommend a vehicle for $24,000 or less
Replies: 47
Views: 3726

Recommend a vehicle for $24,000 or less

My friends .... 60-year-old couple wants recommendations on what to purchase.

In town driving in middle America, which includes snowy winters. No children or grandchildren. Willing to drive a sedan, small SUV, or crossover. Will buy new or used. Want to spend $24,000 or less.

Thanks.
by J295
Fri Jun 29, 2018 1:02 pm
Forum: Personal Consumer Issues
Topic: Any Reason to Keep My "Landline" Phone?
Replies: 65
Views: 3989

Re: Any Reason to Keep My "Landline" Phone?

1. Haven't had one for years and don't need one.
2. If we had one I wouldn't answer it.
by J295
Fri Jun 29, 2018 12:57 pm
Forum: Investing - Help with Personal Investments
Topic: CD rates--what to do?
Replies: 33
Views: 4030

Re: CD rates--what to do?

We have a 5 year ladder as part of our "non-equity" allocations that is in place irrespective of current or projected interest rates.
by J295
Wed Jun 27, 2018 9:54 pm
Forum: Personal Consumer Issues
Topic: Sister-in-Law - trouble adulting - Pay medical bill?
Replies: 41
Views: 3537

Re: Sister-in-Law - trouble adulting - Pay medical bill?

I would gladly continue to help a family member with mental health issues.
by J295
Wed Jun 27, 2018 7:31 pm
Forum: Investing - Theory, News & General
Topic: Geopolitical events [Impact of recent trade policy decisions on the market]
Replies: 22
Views: 2189

Re: Geopolitical events [Impact of recent trade policy decisions on the market]

Reflect back on major market moves, world events, meltdowns, recessions, etc. over the past 75 years… so many so often want to say “it’s different this time” and react by changing their portfolios and/or investment strategies I suppose someday it will in fact “be different” and staying the course ma...
by J295
Tue Jun 26, 2018 11:24 am
Forum: Personal Consumer Issues
Topic: Family dynamics/in laws/am I being petty?
Replies: 143
Views: 7027

Re: Family dynamics/in laws/am I being petty?

If it’s not a financial burden for the OP, I’d just go along and feel good that you were able to help out. If you can’t feel good about it, or at least benign, then I think you need to adopt some sort of strategy – – like not attending, having your wife have a conversation, etc. By way of example, m...
by J295
Mon Jun 25, 2018 6:02 pm
Forum: Investing - Help with Personal Investments
Topic: Stocks vs. rental property
Replies: 101
Views: 9691

Re: Stocks vs. rental property

We own some alternative investments as a very modest part of our portfolio, but principally we are a stock and bond type investor. Some of our family members have invested in real estate over the years and been quite successful. I’ve been aware of others who, particularly due to leverage, were flyin...
by J295
Mon Jun 25, 2018 2:45 pm
Forum: Personal Finance (Not Investing)
Topic: Sudden appearance of multiple buyers real or negotiation tactic?
Replies: 61
Views: 4015

Re: Sudden appearance of multiple buyers real or negotiation tactic?

In our state, it is unethical under the realtor standards to state there are other offers unless they actually exist. It is fairly common on desirable properties for there to be multiple offers. And, it would be common when the first offer comes in to let the other prospects know it's game time. For...
by J295
Mon Jun 25, 2018 9:21 am
Forum: Investing - Help with Personal Investments
Topic: Hitting your number---Now What?
Replies: 19
Views: 2973

Re: Hitting your number---Now What?

by PFInterest » Sun Jun 24, 2018 10:39 am

adjust your asset allocation given your need, ability, and desire for risk.
+1

FWIW, we intend to leave an inheritance and are comfortable with 110-age = equities in our current retirement status.
by J295
Mon Jun 25, 2018 9:16 am
Forum: Investing - Theory, News & General
Topic: New York Times on current yield curve as powerful signal of recession
Replies: 44
Views: 4155

Re: New York Times on current yield curve as powerful signal of recession

I'm not intending this to be surly, and if you and others enjoy dialogue on projecting economic trends then good for you. However, the author has no better crystal ball than others, and even if the projections are correct they won't change our asset allocations and plans. Material changes in our fin...
by J295
Sun Jun 24, 2018 7:07 am
Forum: Personal Consumer Issues
Topic: Costco tire - Michelin vs Bridgestone
Replies: 44
Views: 19978

Re: Costco tire - Michelin vs Bridgestone

Personally I keep it simple and always buy Michelin.
by J295
Sat Jun 23, 2018 5:33 pm
Forum: Investing - Theory, News & General
Topic: aca and investment income?
Replies: 6
Views: 976

Re: aca and investment income?

That’s some relatively serious CD income, as magi for a family of two is right around $64,000. My math is $2 million at 3% is $60,000. Are you already funding HSA to reduce magi? Can you keep the same overall asset allocation by taking some of the fixed income from your taxable and purchasing Berksh...
by J295
Sat Jun 23, 2018 4:49 pm
Forum: Personal Finance (Not Investing)
Topic: Retirees: When you cut spending, what do you cut?
Replies: 84
Views: 8446

Re: Retirees: When you cut spending, what do you cut?

Retired. Now in our late 50s. We plan to leave inheritances for our children, so we are mindful of expenses now as we were pre-– retirement. We don’t anticipate ever having a need to cut, but who knows what the future holds. Already cut. Drive one vehicle, albeit a nice one a large Lexus SUV No cabl...
by J295
Thu Jun 21, 2018 9:29 pm
Forum: Personal Finance (Not Investing)
Topic: What is/ was your career and would you recommend it now?
Replies: 343
Views: 31560

Re: What is/ was your career and would you recommend it now?

Law.
Retired early
Would not recommend
by J295
Wed Jun 20, 2018 10:12 pm
Forum: Personal Consumer Issues
Topic: What will (or would) you tip when wages go up?
Replies: 53
Views: 3582

Re: What will (or would) you tip when wages go up?

The wage in the state does not matter to us Typical For us is minimum 20%. If we have a small order, like a couple of salads, then just a round number, which ends up being in the 25% - 50% range It’s probably relevant that we are retired and these tipping financial decisions are not material to our ...
by J295
Tue Jun 19, 2018 5:36 pm
Forum: Personal Finance (Not Investing)
Topic: Retire at 50: Should I?
Replies: 93
Views: 12163

Re: Retire at 50: Should I?

Yes, you can "retire." We transitioned 5 years ago at age 53. Very glad we did. Health care .... we have coverage under the affordable care act and can manage our MAGI (modified adjusted gross income) and thus qualify for PTC (premium tax credits) that pay for nearly all of our otherwise $24k premiu...
by J295
Sun Jun 17, 2018 9:18 pm
Forum: Investing - Theory, News & General
Topic: I-bonds look pretty bad right now
Replies: 92
Views: 10774

Re: I-bonds look pretty bad right now

For us, I bonds are one tool in the toolbox. We’re satisfied to have accumulated I bonds over the years that, for the current six month period, have an annualized return rate in the 2.5% plus range and no current taxation
by J295
Sun Jun 17, 2018 9:11 pm
Forum: Personal Finance (Not Investing)
Topic: Benefits of using CPA for taxes
Replies: 27
Views: 3330

Re: Benefits of using CPA for taxes

Based on your post it appears you are not pleased with the service, and your dissatisfaction seems reasonable, so the answer seems straightforward – – don’t use this provider.
by J295
Sun Jun 17, 2018 9:05 pm
Forum: Investing - Help with Personal Investments
Topic: move out of bonds into money market and online savings
Replies: 19
Views: 2787

Re: move out of bonds into money market and online savings

We haven’t moved out of bonds because we choose not to engage in market timing. If you don’t have an investment policy statement, I strongly recommend one. Remember that your 30% allocation to “bonds” can be 30% to non-equities. In our case that means BND, I bonds, CDs, tips, floating rate fund, and...
by J295
Sat Jun 16, 2018 6:14 pm
Forum: Investing - Theory, News & General
Topic: Flaw in Logic? CD ladder instead of bond funds
Replies: 63
Views: 4816

Re: Flaw in Logic? CD ladder instead of bond funds

Doesn’t have to be either/or. Can be both/and.

Personally, we have BND, CD, I bond, tip, floating rate, and savings on the “non-equity “side of things.
by J295
Sat Jun 16, 2018 6:10 pm
Forum: Personal Consumer Issues
Topic: What are your hobbies?
Replies: 59
Views: 5382

Re: What are your hobbies?

Golf
Reading
Visit Saint Vincent Depaul clients
Exercise
Travel to see family
Help elderly parents
Respond to random situations that present themselves
Make and drink lattes
by J295
Sat Jun 16, 2018 10:20 am
Forum: Investing - Help with Personal Investments
Topic: Should fixed income allocation necessarily change over the years?
Replies: 11
Views: 717

Re: Should fixed income allocation necessarily change over the years?

We could go 70/30 and be financially fine with a 50% decline in equity values.

However, our sleep well at night allocation is 110-age in equities. Thus in retirement now at age 59 we are 51/49.
by J295
Fri Jun 15, 2018 10:25 pm
Forum: Personal Consumer Issues
Topic: Contractor - Threatening Lien/Lawsuit
Replies: 55
Views: 6532

Re: Contractor - Threatening Lien/Lawsuit

Scam. Ignore him and move on.
by J295
Thu Jun 14, 2018 10:56 pm
Forum: Personal Consumer Issues
Topic: Non-alcoholic drinks for wedding
Replies: 79
Views: 3839

Re: Non-alcoholic drinks for wedding

We have hosted weddings with alcohol. OP didn’t ask if he/she should have a dry reception yet some decided it was ok to be critical of their decision. I believe doing so is rude. To OP .... I can’t add to the non-alcoholic suggestions already posted but can send along congratulations and best wishes...