Search found 31 matches

by LRDave
Wed Sep 06, 2017 10:52 am
Forum: Personal Finance (Not Investing)
Topic: What is the main purpose of holding your current job?
Replies: 66
Views: 7214

Re: What is the main purpose of holding your current job?

6. To get out from under the feet of my recently retired spouse...... :D
by LRDave
Thu Aug 17, 2017 7:14 am
Forum: Personal Finance (Not Investing)
Topic: How does one determine their "number" and what exactly does it mean?
Replies: 116
Views: 13341

Re: How does one determine their "number" and what exactly does it mean?

We triangulated:
1) The cash we could afford to withdraw from savings (Withdrawal Rate)
2) expected spend (retirement budget)
3) net pay - less expenses we know we won't have (what we spend now, sort of)

All 3 correlated reasonably so we felt good to go.
by LRDave
Thu Aug 03, 2017 7:42 am
Forum: Investing - Theory, News & General
Topic: The Rise From 7,000 to 22,000
Replies: 49
Views: 7775

Re: The Rise From 7,000 to 22,000

I don't know anybody who goes to a casino to lose money. The ads on TV all show happy winners... According to my relatives, they only win and never lose lol. Then I ask them how those casinos manage to stay in business lol. The conversation never gets very far, if you catch my drift. The very old j...
by LRDave
Wed Aug 02, 2017 2:02 pm
Forum: Personal Finance (Not Investing)
Topic: Cabins - "investments" or "consumptive purchases"
Replies: 38
Views: 4099

Re: Cabins - "investments" or "consumptive purchases"

As noted by others above, it is a consumptive purchase, but then so is your primary residence. Ours defined our retirement dream and we are moving there permanently at the end of 2017. No hotel or rental could recreate the lot we selected and the home we built. For 10 years we've gone there every we...
by LRDave
Wed Jul 26, 2017 8:44 am
Forum: Investing - Theory, News & General
Topic: Are bitcoins nonsense?
Replies: 73
Views: 7565

Re: Are bitcoins nonsense?

You've got to have something to pay ransomware with..... I know you're kidding but there is a grain of truth to it. Ransom is a kind of tax (you don't want to pay, you have to pay), and taxes drive money. I was not particularly kidding. The currency of the realm of ransomware is generally bitcoin.
by LRDave
Wed Jul 26, 2017 7:01 am
Forum: Investing - Theory, News & General
Topic: Are bitcoins nonsense?
Replies: 73
Views: 7565

Re: Are bitcoins nonsense?

You've got to have something to pay ransomware with.....
by LRDave
Mon Jul 17, 2017 10:08 am
Forum: Personal Consumer Issues
Topic: Anyone have a second home in The NC mountains?
Replies: 25
Views: 3798

Re: Anyone have a second home in The NC mountains?

Getting up to the Highlands/Cashiers area is real-difference maker, climate-wise. There is a lot of old, southern money in the area for just that reason.

I haven't vacationed in the area much, but I liked the vibe the times I have been there.
by LRDave
Sun Jul 16, 2017 6:00 pm
Forum: Personal Finance (Not Investing)
Topic: 4% mortgage rate vs 2.5% BND yield
Replies: 92
Views: 9661

Re: 4% mortgage rate vs 2.5% BND yield

My young cohorts think I am making [stuff up --admin LadyGeek] when I recall the early 80's. When young, a low interest-rate mortgage is such a blessing (IMO)....
by LRDave
Sun Jul 16, 2017 5:47 pm
Forum: Investing - Theory, News & General
Topic: When to reduce risk?
Replies: 18
Views: 2020

Re: When to reduce risk?

Kennyt7 wrote:When nearing retirement and reaching your goal, you need to think preservation of capital(marginal utility of wealth)
Tell me. My 92 year-old father is reaching for yield rather than thinking in terms of preserving capital. :annoyed
by LRDave
Sun Jul 16, 2017 10:23 am
Forum: Investing - Theory, News & General
Topic: How are folks handling the unprecedented rise in the market ?
Replies: 166
Views: 23394

Re: How are folks handling the unprecedented rise in the market ?

What do you mean by "unprecedented?" The market has risen before, so what is different about this time? Thanks to capitalism, the poor today are much better off than even the richest in the 1920's. hmmmm...... The Jekyll Island Club says hello. This must not be exactly what was meant. Unless you me...
by LRDave
Sat Jul 15, 2017 8:04 am
Forum: Investing - Theory, News & General
Topic: How are folks handling the unprecedented rise in the market ?
Replies: 166
Views: 23394

Re: How are folks handling the unprecedented rise in the market ?

I like many others am a skeptic of this market, given the volatile political situation and lack of any real improvements such as tax reform or infrastructure bills . But the fact is that the market still keeps going up. I am still in the market but What is everybody else doing ? Keeping the faith o...
by LRDave
Thu Jul 13, 2017 9:19 am
Forum: Personal Finance (Not Investing)
Topic: Do you count vehicle equity in net worth?
Replies: 203
Views: 15460

Re: Do you count vehicle equity in net worth?

I don't because whatever value the vehicle has (asset) is offset by the need for a vehicle (liability). I very rarely have a NEED to express my net worth. I think the last time was 10 years ago when applying for a mortgage. +1 on the bolded above. I can't even come up with a NEED situation. If you ...
by LRDave
Wed Jun 28, 2017 11:20 am
Forum: Personal Finance (Not Investing)
Topic: Retirement spending
Replies: 16
Views: 3135

Re: Retirement spending

This crowd self-selects towards there being plenty left over when the time clock expires.

I opine that a lot of what is described as "retirement planning" here would be better characterized as estate planning.
by LRDave
Mon Dec 19, 2016 9:44 am
Forum: Personal Finance (Not Investing)
Topic: Your Retirement Number, or, calculating the funding ratio
Replies: 199
Views: 33499

Re: Your Retirement Number, or, calculating the funding ratio

This is a good exercise to do and think about. Thanks for posting.

I feel compelled to opine that the $70K/year expense assumption trumps all the other calculations and assumptions by a lot.
by LRDave
Mon Apr 27, 2015 11:56 am
Forum: Personal Finance (Not Investing)
Topic: How much do you pay in Property Taxes?
Replies: 188
Views: 20510

Re: How much do you pay in Property Taxes?

I am really enjoying this thread (In a train-wreck sort of a way :happy ). Interesting to hear the details that tell so much more than the interactive map.
by LRDave
Wed Apr 22, 2015 2:25 pm
Forum: Personal Finance (Not Investing)
Topic: What's your average monthly expense???
Replies: 85
Views: 14170

Re: What's your average monthly expense???

I know I seem to be a hammerhead on this topic, but I do not see how you could eat a nominal 2000 cal./day diet meeting the current nutritional guidelines for carb/fat/protein intake and recommended nutrient levels for $250/month for two people. I'd have to see the menus for the month. That's 180 m...
by LRDave
Wed Apr 22, 2015 1:31 pm
Forum: Personal Finance (Not Investing)
Topic: What's your average monthly expense???
Replies: 85
Views: 14170

Re: What's your average monthly expense???

I know I seem to be a hammerhead on this topic, but I do not see how you could eat a nominal 2000 cal./day diet meeting the current nutritional guidelines for carb/fat/protein intake and recommended nutrient levels for $250/month for two people. I'd have to see the menus for the month. That's 180 me...
by LRDave
Wed Apr 22, 2015 8:19 am
Forum: Personal Finance (Not Investing)
Topic: How much do you pay in Property Taxes?
Replies: 188
Views: 20510

Re: How much do you pay in Property Taxes?

In a similar vein, an old friend moved to neighboring New Hampshire and was delighted with no income taxes until she retired, and realized her property taxes didn't care that she had no income. Presented as ironical humor, not a political statement. The on-theme point is that this is a pointless th...
by LRDave
Tue Apr 21, 2015 3:39 pm
Forum: Personal Finance (Not Investing)
Topic: How much do you pay in Property Taxes?
Replies: 188
Views: 20510

Re: How much do you pay in Property Taxes?

rustymutt wrote:
LRDave wrote:$2636 - for a 4/2.5 suburban 3000 sqf home - 2/3 acre - value: $290K

Metro Altanta

Some of the responses in this thread made me throw up in my mouth a little bit. :D
Didn't Ga just pass no income tax?
I wish, but no.......
by LRDave
Tue Apr 21, 2015 1:14 pm
Forum: Personal Finance (Not Investing)
Topic: How much do you pay in Property Taxes?
Replies: 188
Views: 20510

Re: How much do you pay in Property Taxes?

$2636 - for a 4/2.5 suburban 3000 sqf home - 2/3 acre - value: $290K

Metro Altanta

Some of the responses in this thread made me throw up in my mouth a little bit. :D
by LRDave
Tue Apr 21, 2015 5:50 am
Forum: Personal Finance (Not Investing)
Topic: House vs Condo vs Keep Renting
Replies: 7
Views: 1466

Re: House vs Condo vs Keep Renting

As a fellow Atlantan, I suggest you keep renting. It sounds to me that you've got a pretty good situation regarding rent/MARTA.
by LRDave
Mon Apr 20, 2015 1:57 pm
Forum: Personal Finance (Not Investing)
Topic: What's your average monthly expense???
Replies: 85
Views: 14170

Re: What's your average monthly expense???

I see one reference to a pet (and accompanying expenses) in 45 posts. Hard to believe.....

I've got $160/month budgeted for pets - food and vet.
by LRDave
Mon Apr 20, 2015 11:24 am
Forum: Personal Finance (Not Investing)
Topic: What's your average monthly expense???
Replies: 85
Views: 14170

Re: What's your average monthly expense???

I'm having trouble believing that people have $200 - $300 monthly grocery bills for two people. My wife and I budget $600 a month for groceries, and our 11-month average is in the $530 or so range. We eat well, but not spectacularly well--which means, we aren't eating organic wild-caught salmon eve...
by LRDave
Sun Apr 05, 2015 1:46 pm
Forum: Investing - Theory, News & General
Topic: Do you think Ric Edelman is correct, never pay down mortgage
Replies: 407
Views: 76383

Re: Do you think Ric Edelman is correct, never pay down mort

I am doing both. My vacation home/future retirement home is paid off. I don't plan on ever selling it. I will secure a HELOC before my working days are over, however. My primary home has a 2.75% 5-year adjustable amortized over 30 years. Current plan is to retire and sell in 2 years right at the 5-y...
by LRDave
Thu Sep 25, 2014 2:58 pm
Forum: Investing - Theory, News & General
Topic: [S&P is down 1.3%, thus] We're all going to die!!!
Replies: 58
Views: 6671

Re: We're all going to die!!!

It's that reverse-double-flickering candle thingie I tell ya! :D
by LRDave
Wed Sep 10, 2014 9:33 am
Forum: Investing - Theory, News & General
Topic: It appears that Ally Bank just increased their Savings Rate.
Replies: 11
Views: 2904

Re: It appears that Ally Bank just increased their Savings R

While not a big fan of GMAC in the past, I quite like my Ally user experience. It is very easy to keep my float working for me - if only at 0.9%. I also bought a two-year 1.6% raise-your-rate CD with some $ I really have capital preservation as the top goal (and for a two-year horizon, so that worke...
by LRDave
Fri May 10, 2013 12:53 pm
Forum: Investing - Theory, News & General
Topic: 100% equities, anyone?
Replies: 149
Views: 13231

Re: 100% equities, anyone?

Sorry - dumb question (but serious, in that I don't have a clue as to the answer): Who is investing in equities on margin these days? The general public?
by LRDave
Fri Mar 15, 2013 9:38 am
Forum: Investing - Theory, News & General
Topic: Dave Ramsey Defends His Investment Advice
Replies: 120
Views: 19053

Re: Dave Ramsey Defends His Investment Advice

[personal remark deleted by admin alex]
by LRDave
Fri Mar 15, 2013 8:00 am
Forum: Investing - Theory, News & General
Topic: Dave Ramsey Defends His Investment Advice
Replies: 120
Views: 19053

Re: Dave Ramsey Defends His Investment Advice

Count me in the 100% charlatan category.

Anyone citing ol' Dave's wonderful, sound advice that he his giving out of the kindness of his heart to help the unwashed masses needs to understand how marks are gathered for the con.
by LRDave
Wed Jan 23, 2013 12:06 pm
Forum: Investing - Theory, News & General
Topic: Update: The Incredible Shrinking Market
Replies: 87
Views: 11440

Re: Update: The Incredible Shrinking Market

hazlitt777 wrote:
TheGuru1 wrote:Do you feel positive, negative or indifferent about this trend?
IThe government should make sure there is a fair playing field, and then just stay out of it.

Just my opinion.
How does the government do both of those things at the same time?
by LRDave
Sun May 06, 2012 8:10 am
Forum: Personal Finance (Not Investing)
Topic: SS WEP & GPO scenario
Replies: 5
Views: 643

SS WEP & GPO scenario

Let's say spouse and I are both at FRA. Neither of us has filed for any benefit yet. Spouse will recieve a pension from a state Teacher's Retirement System. About half of the years teaching, spouse worked for a state school system that withheld FICA. The other half of the years, spouse worked for a ...