Search found 2967 matches

by Nowizard
Mon Sep 28, 2020 7:17 am
Forum: Personal Consumer Issues
Topic: How do YOU find a good doctor these days...
Replies: 60
Views: 3093

Re: How do YOU find a good doctor these days...

Word of mouth, as previously mentioned, and the ratio of NP's to physicians in the office. There are definitely common situations where the NP may be preferable, but they are not only beneficial but are "Physician Extenders" from a business sense. If their services are well integrated and there are ...
by Nowizard
Sun Sep 27, 2020 8:34 am
Forum: Investing - Theory, News & General
Topic: Were you nervous when you retired?
Replies: 77
Views: 6267

Re: Were you nervous when you retired?

If you have sufficient funds and have at least superficially planned some retirement activities, then you will be as successful in retirement as with finances while working. At least that is a solid assumption. One issue we experienced was difficulty moving from accumulation to preservation stages o...
by Nowizard
Sun Sep 27, 2020 8:24 am
Forum: Personal Consumer Issues
Topic: Heating System Tune Ups Necessary Every Year?
Replies: 14
Views: 1662

Re: Heating System Tune Ups Necessary Every Year?

One issue is that companies inspecting heat exchangers are required to lock down the system in our area if there is a crack due to carbon monoxide concerns. Obviously, that would be more likely with older systems and an issue you would want to know about, but it can come as a surprise. I suppose tho...
by Nowizard
Sun Sep 27, 2020 8:21 am
Forum: Personal Investments
Topic: Buckets in Retirement
Replies: 97
Views: 7411

Re: Buckets in Retirement

I have at least one friend who uses is. As with everything complex, there are different ways of approaching the concept, and individual circumstances ultimately determine many of those choices. The title of this site gives you an indication of what responses will predominate here. I suspect you know...
by Nowizard
Sun Sep 27, 2020 8:07 am
Forum: Personal Investments
Topic: Fired financial advisor! NEED HELP simplifying accounts
Replies: 13
Views: 1662

Re: Fired financial advisor! NEED HELP simplifying accounts

The transfer of funds before making a plan is unusual, but you have made what will be an affirmed decision. One thing to remember is that the Con Ed stock can be thought of as part of a bond allocation based on its yield unless you want to be more aggressive. You mention selling, but you will techni...
by Nowizard
Sun Sep 27, 2020 8:02 am
Forum: Personal Consumer Issues
Topic: [What TV Show Have You Recently Watched?]
Replies: 2149
Views: 227563

Re: [What TV Show Have You Recently Watched?]

Started Schitt'$ Creek a couple of weeks before the Emmy's and have binges washed for the first time on several occasions since. Can watch an episode in about 21", and is fast paced, somewhat subtle and has excellent casting. Interesting in that Eugene Levy may be known, but his son, Dan, conceptual...
by Nowizard
Fri Sep 25, 2020 7:17 am
Forum: Personal Finance (Not Investing)
Topic: Retired physicians (but others ok too. ;))
Replies: 55
Views: 5727

Re: Retired physicians (but others ok too. ;))

Often, those expenses were paid by others, and they can be substantial, particularly as related to obtaining CE hours. Personally, the decision was made by determining the probability of returning to work either from the angle of unexpected financial issues or boredom. Neither were expected, but all...
by Nowizard
Fri Sep 25, 2020 7:06 am
Forum: Personal Finance (Not Investing)
Topic: Preparing for Large Sum of Money - Where to Allocate
Replies: 11
Views: 1753

Re: Preparing for Large Sum of Money - Where to Allocate

One consideration is your prior experience with investing and confidence with the process. If experienced, you may simply consider adding the additional funds to an existing plan. If this amount far exceeds current investments, you may choose to seek one time, fee based advice from a planner. It is ...
by Nowizard
Thu Sep 24, 2020 8:35 am
Forum: Personal Consumer Issues
Topic: A simpler car.
Replies: 176
Views: 11038

Re: A simpler car.

Many reliable, older cars such as 4-Runners in my experience, but they do not have many of the safety features such as blind spot, adaptive cruise control, cross traffic, pre-collision mitigation, etc. You might consider purchasing a new or nearly new vehicle and driving it for a long time. I suspec...
by Nowizard
Thu Sep 24, 2020 8:30 am
Forum: Personal Consumer Issues
Topic: What is your favorite reasonably priced bourbon?
Replies: 207
Views: 22509

Re: What is your favorite reasonably priced bourbon?

I was surprised that staff at a large, local store most highly respect recommended Small Batch Four Roses. It is very reasonably priced. Tried it and like it, though would have to say that many taste buds have probably quit functioning at my age.

Tim
by Nowizard
Thu Sep 24, 2020 8:17 am
Forum: Investing - Theory, News & General
Topic: Stock Market Recent Sell Off Mystery
Replies: 67
Views: 6621

Re: Stock Market Recent Sell Off Mystery

Simply put, the market dislikes uncertainty and reacts. Additionally, the institutional traders use various markers to determine buy/sell. Add in that there is much emotional uncertainty in many areas of life, that many of us are acting "mysteriously" in terms of our general patterns, and you have a...
by Nowizard
Wed Sep 23, 2020 8:48 am
Forum: Personal Investments
Topic: Updated: Personal Finance Advice for New PhD
Replies: 30
Views: 1859

Re: Updated: Personal Finance Advice for New PhD

Frankly, when first completing a terminal degree and without any savings, the focus was simply on figuring out investment choices and funding them to the maximum amount possible. After many years in school, there are numerous things that appear that are part of both a more balanced life as well as a...
by Nowizard
Wed Sep 23, 2020 8:34 am
Forum: Personal Consumer Issues
Topic: Pay Realtor Per Showing
Replies: 47
Views: 3147

Re: Pay Realtor Per Showing

Just think of the variation in sales. Some show many houses, but the same Realtor may show one time, something that happened with us and led to a 30K+ commission, though she did not get it all. It averages out with many businesses where some clients are pains, some are demanding but nice, some are v...
by Nowizard
Wed Sep 23, 2020 8:27 am
Forum: Investing - Theory, News & General
Topic: 'Wealth Calculator' in Millionaire Next Door
Replies: 33
Views: 3844

Re: 'Wealth Calculator' in Millionaire Next Door

Wow. We are doing better than I thought.

Tim
by Nowizard
Wed Sep 23, 2020 8:19 am
Forum: Personal Consumer Issues
Topic: Is Costco worth the $120 membership?
Replies: 238
Views: 15026

Re: Is Costco worth the $120 membership?

Some have said they do not use COSTCO because you cannot scan and go. The one we use has recently introduced that option and has six stations. At the moment, each is staffed, and they scan your items and card, probably related to COVID19 issues but likely to be also involved with familiarizing custo...
by Nowizard
Wed Sep 23, 2020 8:14 am
Forum: Personal Consumer Issues
Topic: Is Costco worth the $120 membership?
Replies: 238
Views: 15026

Re: Is Costco worth the $120 membership?

As a retired couple, we love it for several reasons. There are some items we crave such as Pumpkin pie this time of year, the rotisserie chicken, even the pizza occasionally, along with numerous OTC items such as COq10 and commonly purchased aspirin, Ibuprofen, etc. that do not require bulk purchase...
by Nowizard
Tue Sep 22, 2020 10:43 am
Forum: Personal Consumer Issues
Topic: What can I expect from new golf clubs
Replies: 96
Views: 5258

Re: What can I expect from new golf clubs

As a local course golfer who can shoot radically varying scores from the senior tees, I would suggest a couple of lessons. Golf had gotten tedious and unenjoyable due to consistently making good contact but always hitting left of target with driver, irons, even putter but no real hook or slice issue...
by Nowizard
Sat Sep 19, 2020 8:46 am
Forum: Personal Investments
Topic: Filing Income Tax individually vs. jointly with a Trust
Replies: 7
Views: 582

Re: Filing Income Tax individually vs. jointly with a Trust

Cas: You are correct that filing individually would not be beneficial from IRMAA standpoint. I had not been successful in Googling for that information.
HueyLD: Tennessee is not a Community Property state.

Tim
by Nowizard
Sat Sep 19, 2020 8:40 am
Forum: Personal Investments
Topic: Guidance for breaking the news to our financial advisor
Replies: 60
Views: 4977

Re: Guidance for breaking the news to our financial advisor

I would do it sooner, then go to the review. That allows him to determine who is there, though that also allows him to prepare not only for avoiding being blindsided but to prepare a response for keeping himself involved. If he has provided great benefit, give him a gift. Prepare your written questi...
by Nowizard
Fri Sep 18, 2020 9:58 pm
Forum: Personal Investments
Topic: Filing Income Tax individually vs. jointly with a Trust
Replies: 7
Views: 582

Filing Income Tax individually vs. jointly with a Trust

Our assets are in a Revocable Trust and include income from SS, a small pension, RMD's and savings accounts at a credit union and Vanguard. It has occurred that there could possibly be an advantage in filing income taxes separately from my spouse rather than jointly or that it could affect Medicare ...
by Nowizard
Fri Sep 18, 2020 8:31 am
Forum: Investing - Theory, News & General
Topic: Bonds - Throw it all on the table!!!
Replies: 414
Views: 73189

Re: Bonds - Throw it all on the table!!!

In retirement and focusing on preservation of principal, plus inflation. Total Bond Index and Short-term Corporate Bond Index comprise approximately 60% of our portfolio, Wellington bond allocation another 4%. Do not consider any investment as fixed income, just focus on the totals relative to expen...
by Nowizard
Fri Sep 18, 2020 8:24 am
Forum: Personal Finance (Not Investing)
Topic: Should I help my mother pay off debt?
Replies: 31
Views: 2157

Re: Should I help my mother pay off debt?

Financially, I believe most would say you have no obligation. There are non-financial benefits to helping others, however, if the circumstances suit you.

Tim
by Nowizard
Fri Sep 18, 2020 8:21 am
Forum: Personal Consumer Issues
Topic: Anybody else enjoy sitting around and doing little in retirement?
Replies: 106
Views: 14461

Re: Anybody else enjoy sitting around and doing little in retirement?

There are always plenty of options, and it is quite amazing how things that you routinely did during working days that you just did when you worked them in rather than scheduling them can fill time. Things like working in the yard, going to get light bulbs at HD, etc. Also, it is also part of my "Pl...
by Nowizard
Wed Sep 16, 2020 9:55 am
Forum: Personal Investments
Topic: Huge loss on FDX single stock
Replies: 94
Views: 7132

Re: Huge loss on FDX single stock

Tougher still when you look at their YTD increase of +50%

Tim
by Nowizard
Sat Sep 12, 2020 8:40 am
Forum: Personal Consumer Issues
Topic: My shrub tree dying?
Replies: 32
Views: 1663

Re: My shrub tree dying?

It may only be the photo, but it appears that the dying shrub is downhill from the other, and it is pretty clearly a specific shrub that is dying, not the other. Check the root moisture. If downhill and watered, root rot from excessive water around the root ball can cause this problem.

Tim
by Nowizard
Sat Sep 12, 2020 8:36 am
Forum: Personal Consumer Issues
Topic: Which 3 row luxury SUV?
Replies: 70
Views: 5058

Re: Which 3 row luxury SUV?

If wanting a "luxury" designation, it probably won't compute well, but the upper level models of numerous SUV's not considered to be luxury are very similar at lower cost.

Tim
by Nowizard
Sat Sep 12, 2020 8:27 am
Forum: Personal Investments
Topic: Anyone successfully living off dividends & interest?
Replies: 204
Views: 19734

Re: Anyone successfully living off dividends & interest?

If one lives off dividends and interest and also has SS and a pension, along with a conservative portfolio holding at least a small percentage of equities, they will be saving for their heirs in most cases. It does not require an eight figure portfolio.

Tim
by Nowizard
Fri Sep 11, 2020 9:00 am
Forum: Personal Finance (Not Investing)
Topic: Old friend joined Northwestern Mutual -- how to politely explain they're awful
Replies: 87
Views: 6697

Re: Old friend joined Northwestern Mutual -- how to politiely explain they're awful

Just yesterday, in an article in Kiplinger magazine there was a comment that approximately 50% of retirees either have or seriously consider annuities. They recommended no one commit more than approximately 20% of assets to one. Bogleheads would generally reduce that percentage to zero, but does tha...
by Nowizard
Fri Sep 11, 2020 8:51 am
Forum: Personal Finance (Not Investing)
Topic: How to stop judging how other people spend/invest
Replies: 76
Views: 4794

Re: How to stop judging how other people spend/invest

This concept appears across many different areas. Many who have done things such as stopping smoking after doing so for years, who have lost significant weight after years of being overweight or have had a spiritual awakening, for example, may want to share their significant changes. I guess that me...
by Nowizard
Fri Sep 11, 2020 8:35 am
Forum: Personal Finance (Not Investing)
Topic: Projected inflation rate and equity rate of return
Replies: 27
Views: 1354

Re: Projected inflation rate and equity rate of return

May depend on your assets or way you choose to figure. We, for example, are ideally going to retain principal, plus inflation, after expenses are paid, and we compare January 1 and January 31 assets after expenses. Basically, we figure inflation at 2.5% and are satisfied if the asset totals are 2.5%...
by Nowizard
Thu Sep 10, 2020 8:32 am
Forum: Personal Consumer Issues
Topic: Very slow shower drain, plumber couldn't fix, ideas? - Update
Replies: 77
Views: 6183

Re: Very slow shower drain, plumber couldn't fix, ideas?

New plumber. Either hair or clog further down the pipes.

Tim
by Nowizard
Wed Sep 09, 2020 7:42 am
Forum: Personal Consumer Issues
Topic: Buying Fine Art - advice needed.....
Replies: 65
Views: 3709

Re: Buying Fine Art - advice needed.....

Frankly, many would not consider this price "Fine art," but would consider it as a sign that the purchaser was able to either discern that it was worth a significant sum or simply financially stable enough to make the purchase. Happy wife, happy life. The comment about overly examining the purchase ...
by Nowizard
Mon Sep 07, 2020 12:38 pm
Forum: Investing - Theory, News & General
Topic: How do Bogleheads cope with FOMO? [Fear Of Missing Out]
Replies: 97
Views: 7743

Re: How do Bogleheads cope with FOMO?

Nisiprius: +1. Basically, set reasonable goals and pursue them reasonably. Don't let FOMO actually be reflective of an overly competitive goal to exceed all others all the time in any area.

Tim
by Nowizard
Mon Sep 07, 2020 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: provider for umbrella insurance?
Replies: 11
Views: 914

Re: provider for umbrella insurance?

Ours is 1M with State Farm who has our house and autos as well. $154 annually.

Tim
by Nowizard
Mon Sep 07, 2020 11:42 am
Forum: Personal Investments
Topic: What single individual stock would you buy?
Replies: 163
Views: 14922

Re: What single individual stock would you buy?

Intuitive Surgical. At least in March,2020.

Tim
by Nowizard
Mon Sep 07, 2020 11:18 am
Forum: Personal Finance (Not Investing)
Topic: What Method of paying cash for car: EFT vs check?
Replies: 31
Views: 1822

Re: What Method of paying cash for car: EFT vs check?

We have always paid by personal check except when dealers will accept partial payment by CC from which we obtain benefits and pay off the next cycle. Our most recent purchases allowed $3,000 and $10,000 maximums, so dealers vary.

Tim
by Nowizard
Mon Sep 07, 2020 11:15 am
Forum: Personal Finance (Not Investing)
Topic: Continuing Care Retirement Community Entrance Fee
Replies: 106
Views: 7353

Re: Continuing Care Retirement Community Entrance Fee

What do you receive for that fee? Are there ever any additional charges, regardless of whether in independent living, assisted care, dementia or nursing units? Are meals and all other care included? The fee sounds exorbitant compared to our area. The primary issue may be the initial and continuing c...
by Nowizard
Mon Sep 07, 2020 8:13 am
Forum: Personal Finance (Not Investing)
Topic: Should I Cancel Husband's Term Insurance?
Replies: 41
Views: 3264

Re: Should I Cancel Husband's Term Insurance?

As worded, no. He should make that decision, or at least in discussion with you. However, if you are in excellent shape, the amount of cost is inconsequential. After all, insurance is something we hope to never use.

Tim
by Nowizard
Mon Sep 07, 2020 8:06 am
Forum: Personal Finance (Not Investing)
Topic: Can anyone suggest a joint checking account?
Replies: 58
Views: 2793

Re: Can anyone suggest a joint checking account?

Why not simply put all income and cash in a joint account if you have a trusting, financial relationship now, or plan to do so in a few months after figuring out a few other things in a new marriage? A question worth exploring with major decisions is the degree to which you two are on the same page....
by Nowizard
Sun Sep 06, 2020 11:04 am
Forum: Personal Consumer Issues
Topic: Do you have a lot of "actions" in your retirement life?
Replies: 68
Views: 7856

Re: Do you have a lot of "actions" in your retirement life?

Those who are more outgoing and active with others may have more difficulty with boredom during the crisis than those who are more introverted. Though having interaction with children and grandchildren, walks and fishing, there is enjoyable time writing on many topics, organizing messes from long ag...
by Nowizard
Sun Sep 06, 2020 10:58 am
Forum: Personal Consumer Issues
Topic: What expenditures improved your happiness/quality of life?
Replies: 217
Views: 39757

Re: What expenditures improved your happiness/quality of life?

A dog has done the same for us during the Covid crisis, but the major expenditure has been living in a house larger than many would choose.

Tim
by Nowizard
Sun Sep 06, 2020 10:51 am
Forum: Investing - Theory, News & General
Topic: Where do you put cash now? Vanguard's Prime Money Market is too low!
Replies: 76
Views: 11640

Re: Where do you put cash now? Vanguard's Prime Money Market is too low!

Unless you have a very large stash of cash, you won't find much of anything of significance without taking more risk. Take a look at all the related threads on MM, CD's, bonds, dividend paying stocks, etc. Truly, this is one of those times when those looking for higher returns are going to either sc...
by Nowizard
Sun Sep 06, 2020 10:46 am
Forum: Personal Finance (Not Investing)
Topic: Thoughts on condos?
Replies: 65
Views: 5727

Re: Thoughts on condos?

Rejected the idea due to what we considered to be high HOA fees for what you receive.

Tim
by Nowizard
Sat Sep 05, 2020 7:23 am
Forum: Personal Investments
Topic: How to locate an address:
Replies: 2
Views: 416

How to locate an address:

I was recently inspired by comments made by a person in the news, though not a public official or someone with a website. I do not know where this person lives but would like to write a few comments responding in a positive fashion. I see stories about people who, for example, receive many birthday ...
by Nowizard
Fri Sep 04, 2020 8:22 am
Forum: Investing - Theory, News & General
Topic: Carry on or Take your toys and go home ?
Replies: 102
Views: 9252

Re: Carry on or Take your toys and go home ?

This question comes up with each of us at some time as we age and get to, or closer to, our number. For us, having reached our number and being well into retirement (A way of saying that our "Investment horizon" is considerably shorter than in the past), different situations represent the difficulty...
by Nowizard
Thu Sep 03, 2020 8:03 am
Forum: Investing - Theory, News & General
Topic: How important this forum has been to our family.
Replies: 13
Views: 1907

Re: How important this forum has been to our family.

Agreed. This is the best financial site on the Internet. Comments regarding personal preferences and those that are purely educational are extremely helpful, as is the ability to ask any question while knowing there will be serious responses regardless of the question. High level of tolerance for th...
by Nowizard
Thu Sep 03, 2020 8:00 am
Forum: Personal Consumer Issues
Topic: Are Leather Lounges Worthwhile?
Replies: 27
Views: 2757

Re: Are Leather Lounges Worthwhile?

Leather lasts for a very long time. Some enjoy seeing a gradual change in appearance with minor scratches, typical depressions that occur with any couch if sitting in the same place, etc. However, if that is not the case, there are people who can come to your home and dye any discolored places to ma...
by Nowizard
Thu Sep 03, 2020 7:54 am
Forum: Personal Investments
Topic: What is your game plan as market is reaching its previous all time high?
Replies: 174
Views: 19115

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

Hang in there with no changes currently. Having had the good fortune of our assets appreciating beyond spending for a number of years since retiring, we have consistently become less aggressive by plan as we age. We continue to rebalance to more conservative levels regardless of the market based on ...
by Nowizard
Wed Sep 02, 2020 11:40 am
Forum: Personal Investments
Topic: Tips on investing play money
Replies: 37
Views: 2072

Re: Tips on investing play money

There are many hobbies that cost money, and using a percentage of one's portfolio to take risks that exceed those of a prudent investor is equally a hobby in my opinion as would be purchasing a Rolex or driving a new Ferrari. Money is to be used, first to assure a stable financial history. If that i...
by Nowizard
Wed Sep 02, 2020 11:24 am
Forum: Personal Investments
Topic: Should I take short term gains and face the taxes?
Replies: 94
Views: 4661

Re: Should I take short term gains and face the taxes?

One factor is your age. Though unlikely, if you are receiving Medicare, a huge increase could affect IRMAA. Another approach is that a tax burden is a positive in that it reflects substantial gains. Fear of taxation is one of the reasons that it is said the way to have a substantial portfolio is to ...