Search found 2456 matches

by 22twain
Fri Aug 07, 2020 11:35 am
Forum: Personal Investments
Topic: Net Worth where it should be?
Replies: 55
Views: 9884

Re: Net Worth where it should be?

Zombie thread alert... the Topic Author / OP posted more than a year ago. :wink:
by 22twain
Fri Aug 07, 2020 11:09 am
Forum: Personal Finance (Not Investing)
Topic: Is it worth the House Upgrade
Replies: 28
Views: 1362

Re: Is it worth the House Upgrade

If you have guests only occasionally, for a night or two, a foldaway sofa-bed in the living room (or elsewhere) might be an option. If you have extended family who stay for a week or more, on the other hand...
by 22twain
Wed Aug 05, 2020 8:33 pm
Forum: Personal Investments
Topic: Bond Fund Outside IRA: Reinvest Dividends?
Replies: 4
Views: 353

Re: Bond Fund Outside IRA: Reinvest Dividends?

Are you still contributing to this fund? If so, you could turn off automatic reinvestment and add the dividends to your contributions.

I have a bond fund in taxable, but I'm retired, so I simply spend the dividends, along with selling shares occasionally.
by 22twain
Mon Aug 03, 2020 5:55 am
Forum: Personal Consumer Issues
Topic: Move to NE Ohio?
Replies: 57
Views: 3179

Re: Move to NE Ohio?

Wow, this thread makes me nostalgic! I grew up in a small city about an hour's drive from Cleveland. We watched Cleveland TV stations and made regular day-trips there. For several years I had a series of medical appointments with a specialist in Shaker Heights, so I'm best acquainted with that area ...
by 22twain
Sat Aug 01, 2020 7:35 am
Forum: Personal Consumer Issues
Topic: Does a couple really "need" an SUV?
Replies: 222
Views: 11050

Re: Does a couple really "need" an SUV?

JBTX wrote:
Fri Jul 31, 2020 11:20 pm
So if "need"<> need, then what does "need" mean?
Are you referring to "need" or ""need""? :wink:
by 22twain
Wed Jul 29, 2020 4:43 pm
Forum: Personal Investments
Topic: Three Fund Portfolio
Replies: 5
Views: 540

Re: Three Fund Portfolio

We need some context here. How long have you owned VOO? How much unrealized capital gains do you have in it? If you've owned it for less than a year (so any gains are taxed at the rate for ordinary income), and the gains are tiny compared to your other income, I'd go ahead and sell it. If the gains ...
by 22twain
Wed Jul 29, 2020 12:35 pm
Forum: Personal Investments
Topic: Old age scenario-casting: spending from 60 to 100
Replies: 4
Views: 746

Re: Old age scenario-casting: spending from 60 to 100

Before SS and annuity start, about what % of your current assets are you spending per year?

Or, to turn it around, your current assets are what multiple of your annual expenses?
by 22twain
Sun Jul 26, 2020 11:02 pm
Forum: Personal Consumer Issues
Topic: TV antenna
Replies: 48
Views: 2289

Re: TV antenna

Cut the cord in 2013, tried several antenna. Being only 30 miles from downtown Chicago there isn't really any reason you need more than a $10 set of rabbit ears that allow for the antenna to be angled in any way. You definitely should not need anything in the attic or that costs mote than $30. I th...
by 22twain
Sun Jul 26, 2020 8:35 am
Forum: Personal Finance (Not Investing)
Topic: Graph of how SS benefits can change with decreases in 2020 national wages for one born in 1960
Replies: 89
Views: 6861

Re: What the Heck, Reduced SS Benefits For Boomers Born In 1960 due to COVID

retiringwhen wrote:
Sun Jul 26, 2020 6:41 am
Doesn't this happen every time we have a recession?
The AWI has decreased only once so far (since 1950), in 2009, by 1.5%. The projected decrease for this year is about 9%, according to the analyst cited in the Forbes article.

https://www.ssa.gov/oact/cola/AWI.html
by 22twain
Sun Jul 26, 2020 12:20 am
Forum: Investing - Theory, News & General
Topic: Everyone's a Day Trader Now (WSJ article)
Replies: 48
Views: 6157

Re: Everyone's a Day Trader Now (WSJ article)

Normally poor grammar (except for mine :wink: ) is the sign of poor reporting. Consider the following from from just the first three paragraphs of the material linked above: Caught at residence (at home?) in lockdown, hundreds of thousands of Individuals are buying and selling the markets like by n...
by 22twain
Sat Jul 25, 2020 6:06 pm
Forum: Investing - Theory, News & General
Topic: Re-Retiring Financially (SWR) After Good Year
Replies: 63
Views: 5244

Re: Re-Retiring Financially (SWR) After Good Year

Leesbro63 wrote:
Sat Jul 25, 2020 2:15 pm
MY POINT is that whatever you accept is the right number, you should be able to “re-retire”, financially, after every good year.
What do you do after a bad year? :twisted:
by 22twain
Fri Jul 24, 2020 3:05 pm
Forum: Personal Consumer Issues
Topic: iMac Refresh in 2020?
Replies: 68
Views: 3978

Re: iMac Refresh in 2020?

Any of you tech gurus know if a new iMac release is imminent in 2020? Internet rumors abound that it is. All I've seen are the same rumors that you've probably seen: maybe refreshed iMacs with newer-generation Intel chips Real Soon Now (next month?), and maybe one new iMac and MacBook with the new ...
by 22twain
Thu Jul 23, 2020 11:41 am
Forum: Personal Investments
Topic: Deploying a $40m windfall in current market conditions
Replies: 67
Views: 11888

Re: Deploying a $40m windfall in current market conditions

Zombie thread alert!

The last activity was six months ago, until someone posted a request yesterday for an update from the Topic Author. You all might want to hold off on giving further advice until we hear from him/her.
by 22twain
Tue Jul 21, 2020 11:42 pm
Forum: Personal Finance (Not Investing)
Topic: Suntrust bank balance $0 after acquisition
Replies: 2
Views: 622

Re: Suntrust bank balance $0 after acquisition

acquisition of Suntrust by First Horizon First Horizon did not acquire SunTrust. First Horizon acquired some former SunTrust branches from Truist, the company that was formed by a recent merger of SunTrust and BB&T. That said, I would certainly be alarmed if my account suddenly read $0. He was told...
by 22twain
Tue Jul 21, 2020 10:46 pm
Forum: Personal Investments
Topic: So.. with all the stuff going on .. is this a time to put into cash my 401
Replies: 8
Views: 1242

Re: So.. with all the stuff going on .. is this a time to put into cash my 401

FIREchief wrote:
Tue Jul 21, 2020 10:37 pm
Maybe a year or two in the late 90's? :?
Wasn't that when somebody was muttering about "irrational exuberance?" :wink:
by 22twain
Tue Jul 21, 2020 10:38 pm
Forum: Personal Investments
Topic: Not covered under employers retirement plan - options?
Replies: 11
Views: 1136

Re: Not covered under employers retirement plan - options?

contribute to a Traditional IRA and take deduction until your AGI is about $98k (if you are single) or $196k (if you are married and filing jointly). My stipend as a first year grad student in 1975 was about $6-6.5K which would be something like $30-35K nowadays. If you have to live off the stipend...
by 22twain
Tue Jul 21, 2020 6:13 pm
Forum: Personal Investments
Topic: Where is your fixed income invested?
Replies: 71
Views: 5213

Re: Where is your fixed income invested?

Retired, age 66.

47% total fixed income, of which:

28% TIAA Traditional account, currently returning about 4%
16% Vanguard Total Bond Market
3% cash (checking and brokerage money market)
by 22twain
Sun Jul 19, 2020 11:16 pm
Forum: Personal Investments
Topic: Start contributing to ROTH IRA instead of traditional IRA
Replies: 4
Views: 622

Re: Start contributing to ROTH IRA instead of traditional IRA

John Chamber wrote:
Sun Jul 19, 2020 7:06 pm
ROTH IRA
A friendly nit-pick: "Roth" is the name of a person. It's not an acronym, so it should not be all-caps: Roth IRA.
by 22twain
Sun Jul 19, 2020 9:02 pm
Forum: Investing - Theory, News & General
Topic: Social Security COLA; falling behind.
Replies: 19
Views: 1928

Re: Social Security COLA; falling behind.

am I to understand AWI is only calculated through age 60? I was elated to think I can finally knock out a "zero" year and and replace with a higher income year. Am I wrong in my thinking and the only increase I will see in my SS will be due to COLA? I certainly hope not. Your earnings up to age 60 ...
by 22twain
Sun Jul 19, 2020 11:09 am
Forum: Personal Investments
Topic: Using FireCalc under 40 years old?
Replies: 12
Views: 1164

Re: Using FireCalc under 40 years old?

Would the $1,3M also need to be inflated by 3% as well? Firecalc always displays results using "today's dollars." Also, whenever you enter dollar values for something in the future (for example the initial value of Social Security benefits or a pension), you're supposed to enter the value in today'...
by 22twain
Sun Jul 19, 2020 4:49 am
Forum: Personal Investments
Topic: Using FireCalc under 40 years old?
Replies: 12
Views: 1164

Re: Using FireCalc under 40 years old?

After 30 years of no spending or contributions, starting from $650K, Firecalc shows portfolio values ranging from about $1.3M to $6.2M, average $3.3M. (There's always been a bug that often shows the lowest final portfolio value as equal to the starting value. I eyeballed the lowest value from the gr...
by 22twain
Sat Jul 18, 2020 4:59 pm
Forum: Personal Investments
Topic: Savings
Replies: 12
Views: 908

Re: Savings

Silk McCue wrote:
Sat Jul 18, 2020 4:53 pm
If any of those funds are coming from your IRAs They should be converted to Roth rather than being placed in a taxable account.
The Topic Author is 71, so money coming from an IRA is probably at least partly an RMD which cannot be converted to a Roth IRA.
by 22twain
Sat Jul 18, 2020 10:28 am
Forum: Personal Consumer Issues
Topic: Favorite Purchase of 2018?
Replies: 264
Views: 23670

Re: Favorite Purchase of 2018?

I can't remember anything I bought two years ago. :P
by 22twain
Sat Jul 18, 2020 8:33 am
Forum: Personal Investments
Topic: RILA - Registered Indexed-Linked Annuity - siren call?
Replies: 8
Views: 355

Re: RILA - Registered Indexed-Linked Annuity - siren call?

petulant wrote:
Sat Jul 18, 2020 7:04 am
a buffer means the investor has no loss over a range from, say, 0 to 20% of S&P 500 losses, but the investor absorbs all loss over that.
Hmmm, didn't I see something like this just yesterday? Aha, here it is:

Innovator buffered ETFs - Any experience?
by 22twain
Fri Jul 17, 2020 5:44 am
Forum: Personal Finance (Not Investing)
Topic: I'm debating buying a big house, and wondering what the retirement implications are? Is it a bad idea?
Replies: 58
Views: 4496

Re: I'm debating buying a big house, and wondering what the retirement implications are? Is it a bad idea?

I somewhat assumed $1,500~ish of the extra $2k/month would be equity. I'm just making a guess that that's what that comes out to. When you buy a home with a 3% interest rate (maybe lower) maybe 75%+ is equity, 25% being taxes. The amount of your mortgage payment that goes toward principal and inter...
by 22twain
Thu Jul 16, 2020 11:36 pm
Forum: Personal Consumer Issues
Topic: Who switched my windshield wiper arms?
Replies: 69
Views: 8701

Re: Who switched my windshield wiper arms?

depressed wrote:
Thu Jul 16, 2020 8:17 am
This is essentially the plot of a murder mystery: The Case of the Transposed Wipers by Carolyn Keene.
With teenage sleuth Nancy Drew, right? 8-)
by 22twain
Thu Jul 16, 2020 11:27 pm
Forum: Personal Consumer Issues
Topic: What about northeast corner of GA? (sorry about long post)
Replies: 67
Views: 6849

Re: What about northeast corner of GA? (sorry about long post)

Restless wrote:
Tue Jul 14, 2020 5:44 pm
For our upcoming visit to the area, I’ll add Lake Lanier/Hartwell,
You might also check out Lake Keowee in SC, north of Lake Hartwell and not too far from Clemson. I've never been there myself, but I've seen many references to residential developments there in the regional media.
by 22twain
Thu Jul 16, 2020 10:57 pm
Forum: Personal Consumer Issues
Topic: Oddly Difficult to Find Items During the Pandemic
Replies: 200
Views: 14047

Re: Oddly Difficult to Find Items During the Pandemic

On June 21 I ordered a 27" iMac from the Apple Store, a custom configuration with an SSD instead of the standard "hybrid" drive. The expected delivery date was July 22-29, apparently because of disruption of Apple's supply chains. It's actually on the way now, due to arrive tomorrow (July 17). Still...
by 22twain
Mon Jul 13, 2020 12:19 pm
Forum: Investing - Theory, News & General
Topic: 4% rule - confidence poll
Replies: 457
Views: 26665

Re: 4% rule - confidence poll

How does the 4% SWR study and subsequent in-depth reviews of it handle post- and pre-tax assets? I assume it specifically discuss and differentiates; state assumed percentages of each, etc.? As far as I know, the "standard" studies on this issue don't distinguish between pre-tax and post-tax assets...
by 22twain
Sat Jul 11, 2020 12:06 pm
Forum: Personal Investments
Topic: Current problems with 3 fund approach
Replies: 45
Views: 3678

Re: Current problems with 3 fund approach

2) Given that the Total US Market is no longer just the US market, but is heavily invested internationally, why would I want an International fund? You're new here, so you can be forgiven for not knowing that the "US versus the world" has been debated a bazillion times here. Entering "why internati...
by 22twain
Fri Jul 10, 2020 10:39 pm
Forum: Personal Investments
Topic: Guidance for Mothers retirement
Replies: 17
Views: 1514

Re: Guidance for Mothers retirement

Does she need to withdraw $6,000 per year when her monthly income of $3,100 from SS/pension exceeds her monthly expense of $3,000? Funds are held in a 403b. She will not need to withdraw technically until 70.5 due to RMD's RMDs are not necessarily withdrawals from her portfolio as a whole. If she w...
by 22twain
Fri Jul 10, 2020 1:18 am
Forum: Personal Finance (Not Investing)
Topic: What is the best financial decision you ever made?
Replies: 213
Views: 16627

Re: What is the best financial decision you ever made?

I didn't think of it as a financial decision at the time (32 years ago), but in retrospect, my best one was marrying someone who spent less on herself than I did on myself, while earning a comparable income. Now that we're retired, her accounts are bigger than mine. If we had to split, perish forbid...
by 22twain
Thu Jul 09, 2020 1:41 am
Forum: Personal Consumer Issues
Topic: drop Spectrum for over-the-air TV
Replies: 19
Views: 1070

Re: drop Spectrum for over-the-air TV

Anyway now I think I know the answer: the OTA channels are digital so you have channels like 8.1 and 23.2 and I don't know a remote that does decimals. :) On the Tivo remote, you use the ->| (30 second forward) button to insert a decimal in the channel number. I'm sure other brands have a similar m...
by 22twain
Wed Jul 08, 2020 6:12 pm
Forum: Personal Investments
Topic: VYM and getting killed [Vanguard High Dividend Yield ETF]
Replies: 31
Views: 2639

Re: VYM and getting killed [Vanguard High Dividend Yield ETF]

Zillions wrote:
Tue Jul 07, 2020 7:15 pm
RocketShipTech wrote:
Tue Jul 07, 2020 7:12 pm
If Coca-Cola earned an extra dollar of profit, would you really prefer they put that into “R&D” instead of giving that dollar to you, to say, speculate on TSLA?
I would rather they put it in R & D.
So they can come up with something like New Coke again? :twisted:
by 22twain
Wed Jul 08, 2020 10:56 am
Forum: Personal Investments
Topic: Reasonable withdrawal rate?
Replies: 18
Views: 1917

Re: Reasonable withdrawal rate?

if we defer taking early social security, our estimated withdrawal rate for the next 8 years until we reach full social security retirement age would need to be 3%-4%, And what would the rate be after you start collecting SS? Or, putting it a different way, what fraction of your expenses would SS t...
by 22twain
Wed Jul 08, 2020 9:59 am
Forum: Personal Investments
Topic: Am I oversaving?
Replies: 39
Views: 4304

Re: Am I oversaving?

Also note that if the Topic Author gets married and has kids, expenses will increase but household income may well not increase proportionately. In that case, savings may need to be reduced somewhat. That would argue for keeping the savings rate high now, unless of course the Topic Author is feeling...
by 22twain
Tue Jul 07, 2020 7:12 am
Forum: Investing - Theory, News & General
Topic: 4% rule - confidence poll
Replies: 457
Views: 26665

Re: 4% rule - confidence poll

Is there a simple rule of thumb how many yearly expenses you need if you expect to get SS in x years that will cover y% of your expenses? Try using http://www.firecalc.com/ . On the start page, input your desired spending, initial portfolio amount, and number of years you want your retirement to ru...
by 22twain
Sun Jul 05, 2020 3:24 pm
Forum: Personal Investments
Topic: Share your budget progression
Replies: 14
Views: 1513

Re: Share your budget progression

Retired / semi-retired couple, small town in LCOL area. House is paid off. We've never tracked our expenses in detail. Only in the last few years I started calculating total expenses each year by looking back at our checkbooks. Income taxes are added on, from our tax returns. (other + taxes = total)...
by 22twain
Fri Jul 03, 2020 12:20 pm
Forum: Forum Issues and Administration
Topic: Suggestion for merged threads
Replies: 3
Views: 415

Re: Suggestion for merged threads

So my suggestion is when a thread is merged into a long old thread, perhaps a moderator note can be put in the original post to the effect of "Thread merged with description on date". This would let people who hadn't see the thread the first time around know that there is new discussion further dow...
by 22twain
Thu Jul 02, 2020 5:42 pm
Forum: Personal Investments
Topic: Safe withdrawal rate and portfolio growth
Replies: 11
Views: 852

Re: Safe withdrawal rate and portfolio growth

I have a pretty good understanding of the 3-4.5% safe withdrawal range often cited, but my confusion lies with the question of how much an overall portfolio can grow given a 4% SWR say, over a 25-30 year retirement. The end result of a hypothetical "constant" (but annually inflation-adjusted) withd...
by 22twain
Wed Jul 01, 2020 12:05 pm
Forum: Investing - Theory, News & General
Topic: Anyone stocking real commodities (as inflation hedge and for a doomsday)?
Replies: 24
Views: 1402

Re: Anyone stocking real commodities (as inflation hedge and for a doomsday)?

I am already offering a Cash Stashed in Mattresses mutual fund that offers ZERO correlation to stocks, a cool 1% AUM, mattress cost money after all plus the warehouses to store those mattresses and the armed guards to protect them. Are you keeping those tags on the mattresses? You know, the ones th...
by 22twain
Mon Jun 29, 2020 6:15 am
Forum: Personal Investments
Topic: What to do with Home Equity
Replies: 52
Views: 3222

Re: What to do with Home Equity

Finances ... 2 m taxable ... 1 m traditional IRA So the 150K you could pull out of the house amounts to about 5% of your net worth. Seems to me this scheme is unlikely to ruin you if it goes bad, but the amount is small enough as not to make it worth the trouble (to me, anyway). 5% * (expected retu...
by 22twain
Sun Jun 28, 2020 10:13 pm
Forum: Personal Investments
Topic: What to do with Home Equity
Replies: 52
Views: 3222

Re: What to do with Home Equity

LD1515 wrote:
Sun Jun 28, 2020 5:29 pm
I could probably pull 150k out of the house
About what % of your net worth is that?
by 22twain
Sun Jun 28, 2020 5:53 am
Forum: Investing - Theory, News & General
Topic: Warren Buffet Recommends S & P 500?
Replies: 34
Views: 3298

Re: Warren Buffet Recommends S & P 500?

This has been discussed here many times.

https://www.google.com/search?sitesearc ... t+s%26p500

IMHO a major factor is the "name recognition" of the S&P 500. Buffet knows that "average folks" are likely to recognize it because they see it on the news all the time next to the DJIA.
by 22twain
Sat Jun 27, 2020 2:50 pm
Forum: Investing - Theory, News & General
Topic: Quick question regarding delayed SS for brother
Replies: 6
Views: 424

Re: Quick question regarding delayed SS for brother

Brother says SS uses the past 5 years income (at claiming) to determine amount of SS payout. No. SS uses the highest 35 years of earnings, after indexing (adjusting) them to account for overall wage growth. (This is sort of like an inflation adjustment.) It doesn't matter if there are gaps in the m...
by 22twain
Sat Jun 27, 2020 11:33 am
Forum: Personal Finance (Not Investing)
Topic: Parents in a tough situation for retirement
Replies: 117
Views: 13373

Re: Parents in a tough situation for retirement

A majority of retirees live on SS alone? Can that be true? DW and I are retired (71 and 66), living in a paid-off house in a small town in "flyover country." Our total expenses last year, excluding income taxes, were about $45K. This includes a one-off lump expense of about $7K, but different years...
by 22twain
Fri Jun 26, 2020 5:06 pm
Forum: Investing - Theory, News & General
Topic: First 3 years of SS earning missing: Possible to retroactively backpay FICA taxes?
Replies: 12
Views: 714

Re: First 3 years of SS earning missing: Possible to retroactively backpay FICA taxes?

Thanks, my understanding of SS is definitely lacking. I will look into the bend point and diminishing returns. From the "horse's mouth" (or keyboard): https://www.ssa.gov/OACT/ProgData/retirebenefit1.html https://www.ssa.gov/OACT/ProgData/retirebenefit2.html and the links on those pages, to things ...
by 22twain
Fri Jun 26, 2020 4:03 pm
Forum: Investing - Theory, News & General
Topic: First 3 years of SS earning missing: Possible to retroactively backpay FICA taxes?
Replies: 12
Views: 714

Re: First 3 years of SS earning missing: Possible to retroactively backpay FICA taxes?

How long do you expect to continue to pay into SS? What is your current salary and what salary level do you expect to reach? If you earn a lot, it doesn't take anywhere near 35 years to reach the point of diminishing returns, technically known as the "second bend point", in the SS benefit calculatio...
by 22twain
Fri Jun 26, 2020 9:15 am
Forum: Investing - Theory, News & General
Topic: Principal residence as only real estate investment?
Replies: 15
Views: 1813

Re: Principle residence as only real estate investment?

John T. Reed wrote:Ending up with a four-million dollar house is better than ending up with a $2 million house which is better than ending up with a $600,000 house.
Provided, of course, that you have the income to support maintaining a $4M house. :wink: