Search found 1585 matches

by Nowizard
Sat Nov 17, 2018 10:21 am
Forum: Investing - Help with Personal Investments
Topic: Should I sell bond fund, use for mortgage pay down ?
Replies: 5
Views: 327

Re: Should I sell bond fund, use for mortgage pay down ?

Does your portfolio have sufficient diversification that this would not affect your allocations? With the new tax law, you may have a different filing status if you have been itemizing, and you would be moving toward locking in gains related to your mortgage amounts. You could possibly benefit from ...
by Nowizard
Sat Nov 17, 2018 10:13 am
Forum: Investing - Theory, News & General
Topic: Bonds and their role in a portfolio:
Replies: 9
Views: 714

Re: Bonds and their role in a portfolio:

Risk on the equity side is definitely the most common approach. Question posed since I had not seen a discussion of this approach, assumed it was one that was discounted but wanted to see if others had comments.

Tim
by Nowizard
Sat Nov 17, 2018 8:43 am
Forum: Investing - Theory, News & General
Topic: Bonds and their role in a portfolio:
Replies: 9
Views: 714

Bonds and their role in a portfolio:

Bonds provide diversification and downside protection, as we all learn early on in our investment days. Their role in a portfolio is almost always conceptualized as ballast and risk deterrence. Most here who use funds recommend the Vanguard Total Bond Index. However, another view is that the Total B...
by Nowizard
Sat Nov 17, 2018 8:11 am
Forum: Personal Finance (Not Investing)
Topic: Incompetent home inspector - what to do?
Replies: 37
Views: 2768

Re: Incompetent home inspector - what to do?

Definitely contact the potential purchaser through your Realtor. We had a house that had no issues but rather complex electrical connections and connections to a backup generator. We wrote out explanations for lookers and offered to meet anyone who wanted a personal explanation. Realtors may be skit...
by Nowizard
Thu Nov 15, 2018 9:44 am
Forum: Investing - Theory, News & General
Topic: Does Early Retirement Make You Live Longer?
Replies: 70
Views: 4247

Re: Does Early Retirement Make You Live Longer?

Depending on finances, it might make you wish either way!

Tim
by Nowizard
Thu Nov 15, 2018 9:37 am
Forum: Personal Finance (Not Investing)
Topic: Wait, do I need a prenup?
Replies: 63
Views: 6529

Re: Wait, do I need a prenup?

Consideration of a pre-nup should occur, in my opinion, in combination with a variety of other factors such as how important finances are to the couple. This is particularly true for the one having a larger asset base. Some may have much more but be unconcerned, feeling a pre-nup reflects a lack of ...
by Nowizard
Thu Nov 15, 2018 9:24 am
Forum: Personal Finance (Not Investing)
Topic: Accuracy of Zillow/Trulia/Redfin Estimates
Replies: 51
Views: 4328

Re: Accuracy of Zillow/Trulia/Redfin Estimates

We have had two houses on the market in the past couple of years in different states. In both, Realtors were negative about both Zillow and Trulia estimates, saying that the geographical areas used to create estimates were too broad and diverse. We were with two, very large real estate companies, an...
by Nowizard
Thu Nov 15, 2018 9:16 am
Forum: Investing - Help with Personal Investments
Topic: I can't take this anymore=) I'm selling stocks and buying bonds!
Replies: 97
Views: 12740

Re: I can't take this anymore=) I'm selling stocks and buying bonds!

Others have said this in different ways, but it is helpful to consider that when we are many years away from retirement that a downturn is ultimately a positive as long as we continue to invest since we purchase new shares at a lower price. You have probably heard Buffett's comment to the effect tha...
by Nowizard
Thu Nov 15, 2018 8:29 am
Forum: Personal Consumer Issues
Topic: Honda reliability slipping?
Replies: 58
Views: 7184

Re: Honda reliability slipping?

Years ago, my wife purchased a Dodge Intrepid due to its styling, and I intrepidly hoped it would be reasonably reliable. It was her "car of a lifetime" with no problems, and she has always had reliable cars regardless of the model. The driver is a key, along with maintenance in our experience even ...
by Nowizard
Wed Nov 14, 2018 3:56 pm
Forum: Personal Consumer Issues
Topic: Quality pea coat vs parka
Replies: 13
Views: 1405

Re: Quality pea coat vs parka

Peacoats from Army Surplus stores are all wool, inexpensive, well made and stylish. They sell new ones as well as used, typically.

Tim
by Nowizard
Wed Nov 14, 2018 3:54 pm
Forum: Personal Finance (Not Investing)
Topic: Wife approved for SS Disability. Any way to reduce the wait time for Medicare?
Replies: 8
Views: 1097

Re: Wife approved for SS Disability. Any way to reduce the wait time for Medicare?

This is a wonderful example of the nature of this site. It made me feel good on a cold day!

Tim
by Nowizard
Mon Nov 12, 2018 12:10 pm
Forum: Investing - Theory, News & General
Topic: The Perfect Portfolio for You
Replies: 27
Views: 4218

Re: The Perfect Portfolio for You

+1. We all wish we could reduce complex tasks to a predictable simplicity since anxiety is often directly proportional to the perceived importance of the related issue. Few are of greater perceived importance than our financial status, but there are many individual, psychological factors that influe...
by Nowizard
Mon Nov 12, 2018 12:03 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 7839
Views: 1609083

Re: U.S. stocks in freefall

If uncertainty is the mother of anxiety, then there are lots of reasons to be nervous. I wonder about volatility now compared to before corporations began to base executive pay on stock grants, purchases, etc. Even a relative who is middle level in a large company can purchase stock at 10% less than...
by Nowizard
Sun Nov 11, 2018 6:04 pm
Forum: Personal Finance (Not Investing)
Topic: State retirement pensions thoughts?
Replies: 36
Views: 3738

Re: State retirement pensions thoughts?

Pensions are excellent, particularly if indexed for inflation. My spouse's pension is approximately 65% of her last salary, and it is indexed. Our state pension fund is among the best funded and should have no difficulty in continuing payments. This pension and SS allow us to be more aggressive with...
by Nowizard
Sat Nov 10, 2018 9:57 am
Forum: Personal Consumer Issues
Topic: Medicare part D- Wellcare
Replies: 10
Views: 536

Re: Medicare part D- Wellcare

Go to Medicare.gov and enter your medications. You will get a list, probably about 25-30, of plans available in your geographic area. The list will give total cost of the plan annually that includes monthly cost for the plan, deductibles, and co-pay for any medications you enter. It is impossible to...
by Nowizard
Sat Nov 10, 2018 9:43 am
Forum: Personal Consumer Issues
Topic: Alcohol related gift idea - nice glasses for drinking spirits?
Replies: 17
Views: 1477

Re: Alcohol related gift idea - nice glasses for drinking spirits?

For several years, I have routinely asked family for such a gift. The choice is Waterford crystal, as another person mentioned. Go to Kinsale.com and look at several types of tumblers, water glasses, shot glasses, decanters, etc. They have a wide variety of items, and they offer an opportunity for c...
by Nowizard
Fri Nov 09, 2018 8:54 am
Forum: Personal Consumer Issues
Topic: Career/Life Advice Needed - When to start a business?
Replies: 20
Views: 1441

Re: Career/Life Advice Needed - When to start a business?

Time and money to sustain a start-up are critical issues. A business plan can provide a probable answer to the latter, the former is more personal. In my case, being an available father was crucial during the early years. Though there are numerous, valid ways to define that, it meant not taking the ...
by Nowizard
Thu Nov 08, 2018 3:12 pm
Forum: Personal Finance (Not Investing)
Topic: How much to offer on new construction home
Replies: 31
Views: 2219

Re: How much to offer on new construction home

In a similar situation, we asked for a variety of smaller items and gave the builder his asking price. Some things that are smaller but ones you might want or benefit from having are: towel and tub racks (installed), a couple of power vents in the attic to release heat, ceiling molding upstairs sinc...
by Nowizard
Thu Nov 08, 2018 9:15 am
Forum: Personal Finance (Not Investing)
Topic: How much money are you leaving your kids after you die?
Replies: 234
Views: 14569

Re: How much money are you leaving your kids after you die?

Interesting post. We funded most all of our children's expenses while growing up and they encourage us to spend without considering an inheritance (While inferring at times they would accept one :D ). We have been careful, though not frugal, spenders. That being our default position, we do not spend...
by Nowizard
Thu Nov 08, 2018 9:09 am
Forum: Personal Consumer Issues
Topic: Anyone here retire in two homes
Replies: 24
Views: 3055

Re: Anyone here retire in two homes

We have had two homes in the type setting you describe. Due to maintenance issues and just the feeling that we "Should" be using the second home more frequently, we sold the secondary home. We currently rent a second one. It is much more satisfying to not have maintenance issues. Also, the new tax l...
by Nowizard
Thu Nov 08, 2018 9:05 am
Forum: Investing - Help with Personal Investments
Topic: Nervous Investor desiring dividend income
Replies: 7
Views: 724

Re: Nervous Investor desiring dividend income

Good advice from earlier poster, but if you go in the direction you suggest, investigate funds that focus on dividends rather than individual stocks.

Tim
by Nowizard
Mon Nov 05, 2018 1:51 pm
Forum: Investing - Help with Personal Investments
Topic: Breaking Up and Staying On Good Terms with an Advisor
Replies: 42
Views: 5254

Re: Breaking Up and Staying On Good Terms with an Advisor

Basically, tell him you have decided to go on your own, even if it turns out to be the wrong move, and that you value your friendship. If it is a friendship rather than a business relationship, he will accept that.

Tim
by Nowizard
Fri Nov 02, 2018 7:53 am
Forum: Investing - Theory, News & General
Topic: What does your gut tell you; RMD now or in December?
Replies: 38
Views: 2203

Re: What does your gut tell you; RMD now or in December?

Are you sure you must draw from each fund rather than from the total of each retirement account which may contain several funds?

Tim
by Nowizard
Fri Nov 02, 2018 7:51 am
Forum: Investing - Theory, News & General
Topic: What does your gut tell you; RMD now or in December?
Replies: 38
Views: 2203

Re: What does your gut tell you; RMD now or in December?

Unless you are using RMD's to rebalance, we have thought it is the same argument as whether to invest a sum in a lump or portions over time. Most feel it makes no difference over the long term, though the "long term" is shorter after you reach 70.5 years.

Tim
by Nowizard
Fri Nov 02, 2018 7:46 am
Forum: Personal Consumer Issues
Topic: Washing machine/dryer shopping
Replies: 38
Views: 2857

Re: Washing machine/dryer shopping

We purchased fairly recently. The salesman stated that new washers and dryers were not equal to older ones and recommended we consider minor repairs. He said that the metal was thinner and that they had problems with dents on arriving items in the store. He also said that ones with agitators were pr...
by Nowizard
Fri Nov 02, 2018 7:40 am
Forum: Investing - Theory, News & General
Topic: When do YOU pull the trigger for TLH? [Tax Loss Harvesting]
Replies: 48
Views: 3102

Re: When do YOU pull the trigger for TLH? [Tax Loss Harvesting]

How does this interact with Buy and Hold? For example, in the past week, there have been significant down and significant up days in the market, but our portfolio is about where it was before the down days since we made no moves. If we had sold, we could have TLHed, but would not have had the positi...
by Nowizard
Fri Nov 02, 2018 7:39 am
Forum: Personal Consumer Issues
Topic: Cat's dental work costs
Replies: 31
Views: 2243

Re: Cat's dental work costs

The post was not intended to "Shred," but to simply point out that vets apparently felt they were not being paid adequately for their services. My apology if that was not clear.

Tim
by Nowizard
Wed Oct 24, 2018 12:38 pm
Forum: Investing - Help with Personal Investments
Topic: Considering first Tax Loss Harvest
Replies: 7
Views: 601

Re: Considering first Tax Loss Harvest

Pay attention to the wash sale rules, as others have mentioned. From your post, it appears you may think that $3,000 is all that can be deducted from losses, but that is the annual limit when losses and gains are tabulated. Amounts over $3,000 can be deducted in subsequent years. Also, if you had lo...
by Nowizard
Wed Oct 24, 2018 12:32 pm
Forum: Personal Consumer Issues
Topic: Cat's dental work costs
Replies: 31
Views: 2243

Re: Cat's dental work costs

A financial article several years ago said that the national dental association wanted to make vet charges commensurate with dentists within the next several years. That was not for dental charges only, but for vet charges generally. If you are going to a dental specialist, charges are probably in l...
by Nowizard
Wed Oct 24, 2018 12:27 pm
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation With Age
Replies: 10
Views: 1553

Re: Asset Allocation With Age

Another factor is the size of the portfolio from which the withdrawal (s) would be made. If it is larger than you reasonably expect would be eliminated during your lifespan with withdrawals, then reducing your portfolio size is perhaps not an issue. If there is concern over whether the portfolio wou...
by Nowizard
Wed Oct 24, 2018 10:07 am
Forum: Investing - Help with Personal Investments
Topic: Another portfolio review request:
Replies: 4
Views: 637

Re: Another portfolio review request:

Thank you for your responses. I have run the various holdings through the X-ray and obtain a 58/42 stock/bond split when adding cash, including emergency funds. Should cash be left out totally, or should emergency fund cash be left out? The simplicity of the Conservative Life Strategy Fund has appea...
by Nowizard
Tue Oct 23, 2018 5:08 pm
Forum: Investing - Help with Personal Investments
Topic: Another portfolio review request:
Replies: 4
Views: 637

Another portfolio review request:

Longtime forum member who lives up to his name of Nowizard. Have a desire to simplify our portfolio due to no need to take current risk of 60/40 portfolio. Portfolio is in low-to-mid seven figures. Poster is 76, spouse is 71. Questions: What would be the ideal stock/bond ratio, and should it contain...
by Nowizard
Tue Oct 23, 2018 12:00 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 2001
Views: 372380

Re: What are you up YTD? [Year To Date]

Up 1.7% on investments, down .014 total assets due to expenditures related to planned, unusual purchases such as home improvements and an automobile.

Tim
by Nowizard
Tue Oct 23, 2018 7:33 am
Forum: Investing - Help with Personal Investments
Topic: "The market always comes back"
Replies: 20
Views: 4048

"The market always comes back"

As most everyone who posts here knows, staying in the market during downturns is crucial over the long run. I have never seen extended references about what those whose "long run" is relatively short should do. For example, if someone is 75 year old or older, they have limited years statistically. S...
by Nowizard
Mon Oct 22, 2018 5:01 pm
Forum: Personal Consumer Issues
Topic: I want to sell my home, but I don't want to fix it up
Replies: 72
Views: 8796

Re: I want to sell my home, but I don't want to fix it up

Ditto, LarryAllen, with one addition. Realtors have to know both handymen and contractors, though they are not necessarily going to serve as a contractor. Contractors want to please high volume Realtors. Select a Realtor and let him/her do the rest. They benefit from selling at the highest possible ...
by Nowizard
Mon Oct 22, 2018 4:52 pm
Forum: Personal Finance (Not Investing)
Topic: Put more than 20% down on a house?
Replies: 33
Views: 3605

Re: Put more than 20% down on a house?

Do you think investing an amount you withheld from the down payment would return more than the interest rate on the mortgage? If not, then put more down for the guaranteed return. This issue has changed since mortgage interest deductions are now limited in combination with state taxes. That, and the...
by Nowizard
Mon Oct 22, 2018 4:41 pm
Forum: Investing - Theory, News & General
Topic: "Investing versus debt pay-off?"
Replies: 31
Views: 1979

Re: "Investing versus debt pay-off?"

Some of us have invested rather than paid debt in an effort to eventually reach the point the author assumes is the start for many docs!

Tim
by Nowizard
Mon Oct 22, 2018 4:33 pm
Forum: Personal Finance (Not Investing)
Topic: Federal taxes in retirement
Replies: 25
Views: 2467

Re: Federal taxes in retirement

Depending on income, up to 85% of your SS income is taxed. A potential issue for the future, particularly if you have SS and a pension, is for higher tax burden in retirement than when you were working. That can occur if you have substantial retirement, non-Roth, savings when you begin taking Minimu...
by Nowizard
Mon Oct 22, 2018 4:25 pm
Forum: Personal Consumer Issues
Topic: Dentist "Service Fee" for Filing Insurance Claim?
Replies: 33
Views: 3240

Re: Dentist "Service Fee" for Filing Insurance Claim?

Inbox: What I posted was not opinion, but fact, though things may have changed in the ten years since retirement, as mentioned. Unfortunately, you may be correct.

Tim
by Nowizard
Mon Oct 22, 2018 12:37 pm
Forum: Investing - Theory, News & General
Topic: Too Much Apple [AAPL] Stock
Replies: 55
Views: 5892

Re: Too Much APPL Stock

Personal decision, as others mentioned. One way to look at it is to ask if you rebalance your overall portfolio when you have significant gains. If so, you may want to "Rebalance" by selling a portion of your Apple shares. Failing to do that with Lucent many years ago is my largest financial error. ...
by Nowizard
Mon Oct 22, 2018 12:34 pm
Forum: Personal Finance (Not Investing)
Topic: What I spent in 6 months on medicare
Replies: 162
Views: 14424

Re: What I spent in 6 months on medicare

If you think the quoted prices are high, take a look at the cost for Medicare, Parts B and D, with the additional cost for those with higher incomes, something that can occur relatively frequently if you have reached the age of MRD's.

Tim
by Nowizard
Mon Oct 22, 2018 12:29 pm
Forum: Personal Consumer Issues
Topic: Dentist "Service Fee" for Filing Insurance Claim?
Replies: 33
Views: 3240

Re: Dentist "Service Fee" for Filing Insurance Claim?

If copays, that is one thing, if a service charge, it is outrageous. As one who filed insurance in my profession before retirement, such a charge was specifically disallowed in the provider agreement with insurance companies. Insurance companies also required the provider to file for the patient rat...
by Nowizard
Mon Oct 22, 2018 12:20 pm
Forum: Personal Consumer Issues
Topic: Lost Power for 24 hours - what food to toss?
Replies: 49
Views: 3522

Re: Lost Power for 24 hours - what food to toss?

Here is something recently seen in an article on this issue for those with weather related loss of power: Put a water-filled can or something similar in the freezer with a coin on top of the ice. If power goes off and ice melts, the coin will be at the bottom of the can, even if refrozen. If so, thr...
by Nowizard
Mon Oct 22, 2018 12:17 pm
Forum: Personal Consumer Issues
Topic: PSA: Don't buy a big house
Replies: 248
Views: 25653

Re: PSA: Don't buy a big house

We have discovered the same from a different angle. We bought a very large house as empty nesters and recently decided to downsize. People who can easily afford a large house in our area are also downsizing, and we took our house off the market after no offers in many months for a home that Realtors...
by Nowizard
Sun Oct 21, 2018 4:20 pm
Forum: Personal Consumer Issues
Topic: Why Purchase an Automobile using Premium Gasoline?
Replies: 68
Views: 3078

Re: Why Purchase an Automobile using Premium Gasoline?

Ah, so y'all have educated me on the fact that there is a difference in gasoline required based on compression, but unless peak performance is an issue,a major reason to purchase a vehicle using premium is simple preference for a specific vehicle that may ideally require premium, but can run on regu...
by Nowizard
Sun Oct 21, 2018 12:31 pm
Forum: Personal Consumer Issues
Topic: Pull kids from school for vacations?
Replies: 136
Views: 6045

Re: Pull kids from school for vacations?

One of the most enjoyed vacations during our children's childhood involved pulling them from school. We scheduled a vacation during Spring Break to Disney World, only to discover SB was the following week! Worked out great in terms of crowds, and our children loved missing school, an event that did ...
by Nowizard
Sun Oct 21, 2018 12:28 pm
Forum: Personal Consumer Issues
Topic: Why Purchase an Automobile using Premium Gasoline?
Replies: 68
Views: 3078

Why Purchase an Automobile using Premium Gasoline?

How many consider the type of gasoline an automobile uses when purchasing? Automobiles using regular, unleaded gasoline typically, I think, get better mileage and have comparable torque and acceleration in my experience. What justifies the choice of significantly more expensive fuel other than simpl...
by Nowizard
Sat Oct 20, 2018 7:12 am
Forum: Personal Consumer Issues
Topic: Morning/Nighttime Stretching Routine
Replies: 11
Views: 1363

Re: Morning/Nighttime Stretching Routine

Yep, some brief stretching before getting out of bed but more would be helpful since hamstrings are tight and there is a history of back problems.

Tim
by Nowizard
Sat Oct 20, 2018 7:10 am
Forum: Investing - Theory, News & General
Topic: The End of Indexing?
Replies: 33
Views: 4244

Re: The End of Indexing?

Nothing new. If you think you can beat the market, then join that group now rather than wait.

Tim