Search found 1227 matches

by bayview
Wed Feb 21, 2018 8:18 pm
Forum: Personal Finance (Not Investing)
Topic: Long term care insurance
Replies: 98
Views: 4402

Re: Long term care insurance

As to the comments on "droolers": I do some volunteer work at an AL facility. The residents are not cognitively impaired (there are facilities dedicated to “memory care”). Some might be “droolers” because they suffer from Parkinson’s or Huntington’s, but their minds are clear. AL residents certainl...
by bayview
Wed Feb 21, 2018 7:32 pm
Forum: Personal Finance (Not Investing)
Topic: Long term care insurance
Replies: 98
Views: 4402

Re: Long term care insurance

Most of the medicaid places I have seen are pretty nice and besides most of the residents don't even know their own names therefore could care less if they are in a beautiful private setting. I only have about 300K in retirement accounts. I could care less if they get that or the crummy SS check I ...
by bayview
Mon Feb 19, 2018 9:13 pm
Forum: Personal Finance (Not Investing)
Topic: What has been your most important skill in achieving financial independence?
Replies: 164
Views: 10679

Re: What has been your most important skill in achieving financial independence?

Live cheap, don’t spend; aka, save save save.

You wind up with lots of savings, and along the way, you learn what’s worth spending money on vs. what’s empty, meaningless Stuff.
by bayview
Fri Feb 16, 2018 5:54 pm
Forum: Personal Finance (Not Investing)
Topic: Elderly person’s muni bonds when moving to new state
Replies: 6
Views: 523

Elderly person’s muni bonds when moving to new state

Good evening all, I find myself facing that question that all with elderly patients dread, when the time is coming that they can no longer live in their home. We’re not there yet, but it may be on the horizon. The deal we made is that she can stay in her home as long as it’s safe. Finances aren’t an...
by bayview
Fri Feb 16, 2018 5:26 pm
Forum: Personal Finance (Not Investing)
Topic: Simplifying the Financial Records
Replies: 8
Views: 999

Re: Simplifying the Financial Records

You don't eat? :D I ask because this looks very reasonable and workable, but food is our largest lump expense, generally nudging ahead of the mortgage payment. And while it could certainly be reduced, it couldn't be eliminated. Hi, Yes, I do eat! :happy I have just decided that eating is part of "l...
by bayview
Wed Feb 14, 2018 12:48 am
Forum: Personal Finance (Not Investing)
Topic: Going Paperless Issues
Replies: 68
Views: 3938

Re: Going Paperless Issues

You might try adding the email addresses of the billing companies to your Contacts in Gmail. That should indicate to Gmail that it isn’t a spam address. You might also look in the Spam box and if a bill is on there, right click it (I think) and you should have an option to indicate it’s not spam. T...
by bayview
Tue Feb 13, 2018 9:59 pm
Forum: Local Chapters and Bogleheads Community
Topic: Roll Call for the Retirement Class of 2018!
Replies: 97
Views: 12384

Re: Roll Call for the Retirement Class of 2018!

* bump *

Where are all the other enlightened ones who are planning to escape retire in 2018? :D
by bayview
Tue Feb 13, 2018 9:55 pm
Forum: Personal Finance (Not Investing)
Topic: Our 'cure' for emergency expenses
Replies: 96
Views: 10760

Re: Our 'cure' for emergency expenses

We have four categories of non-discretionary expenses and track accordingly: --monthly --annual "lumpies" (not billed monthly, but we know they're coming) --periodic "lumpies" (occur less frequently than annually, but we know they're coming: replace car, furnace, roof, etc) --"outta nowhere", or as ...
by bayview
Tue Feb 13, 2018 9:22 pm
Forum: Personal Finance (Not Investing)
Topic: Job is starting to suck the life out of me.
Replies: 80
Views: 9383

Re: Job is starting to suck the life out of me.

It took me way too long to discover/ realize that I should not expect my job to be a significant source of emotional gratification in my life. I spent far too long feeling hurt and irritated. After a while I realized that a job is just that - a job - and that sometimes I'll get praised, sometimes I'...
by bayview
Tue Feb 13, 2018 9:11 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Card Statement & Receipt Clearing - Help!
Replies: 42
Views: 2255

Re: Credit Card Statement & Receipt Clearing - Help!

Couple thoughts: I check my receipt against our online account, if they match, out it goes. No need to wait until the month end since credit card charges are posted almost instantly. I toss receipts, no shred, since they do not contain your account number. Saturday mornings, feet up in the recliner...
by bayview
Tue Feb 13, 2018 8:46 pm
Forum: Personal Finance (Not Investing)
Topic: Simplifying the Financial Records
Replies: 8
Views: 999

Re: Simplifying the Financial Records

Hi, I have an Excel file that does a variety of things, but never to the level you describe. I have a net worth tab, which I update monthly, which just lists my different asset accounts and the house and deducts the mortgage. It goes back to 2003. Another tab keeps track of savings, but since I sav...
by bayview
Tue Feb 13, 2018 8:38 pm
Forum: Personal Finance (Not Investing)
Topic: Going Paperless Issues
Replies: 68
Views: 3938

Re: Going Paperless Issues

We are paperless except for one remaining old-school city utility bill. (We're working on them. :D ) We e-pay from our USAA checking account, meaning that we "push" the payment from our bank account to the credit card company (or whomever.) I still prefer to "pull" the payment by making the payment ...
by bayview
Wed Jan 31, 2018 9:35 pm
Forum: Personal Finance (Not Investing)
Topic: How to Minimize Your Emergency Care Expenses
Replies: 163
Views: 18346

Re: How to Minimize Your Emergency Care Expenses

...Also recognize that there's a ton of gray area in diagnoses. And so yes, hospitals do try and effect what the doctor writes down. As an example. Not too long ago, I literally sat in a meeting (with hospital administrators) coaching us not just to write down "intracranial hemorrhage" but also add...
by bayview
Wed Jan 31, 2018 9:06 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Updates...
Replies: 16
Views: 2679

Re: Social Security Updates...

Yes it was regarding their website and couldn't find any answer. It’s not that they literally increase the benefit; it’s that they reduce the penalty for drawing before FRA (full retirement age.) edit to add: if your friend meant: do they change the projected amount each month on the SS website, ev...
by bayview
Wed Jan 31, 2018 7:12 am
Forum: Investing - Theory, News & General
Topic: When did the bad news start in 2008?
Replies: 135
Views: 12665

Re: When did the bad news start in 2008?

Hello All, Long-time lurker here and have been learning a lot from everyone in this forum, so thank you. I got into investing in Q3 last year with a simple 80/20 stocks/bonds portfolio and have been extremely happy with the returns so far in this extremely bullish market. I understand that the long...
by bayview
Sat Jan 27, 2018 9:10 pm
Forum: Personal Finance (Not Investing)
Topic: Pay off mortgage with Roth IRA?
Replies: 23
Views: 1349

Re: Pay off mortgage with Roth IRA?

As others have said, raiding your Roth IRA to pay down your mortgage early is a terrible idea. And in a similar vein, paying extra on your mortgage before filling up your Roth space is essentially the same thing. The tax advantages of putting money into a 401k or an IRA are so good that we generall...
by bayview
Sat Jan 27, 2018 8:30 pm
Forum: Personal Finance (Not Investing)
Topic: Who taught you about financial responsibility?
Replies: 107
Views: 6889

Re: Who taught you about financial responsibility?

Andrew Tobias, Jane Bryant Quinn, and my instincts.

I never had any real guidance from family or anyone else.
by bayview
Thu Jan 25, 2018 10:20 pm
Forum: Personal Finance (Not Investing)
Topic: Accountant Recommends doing Whole Life Insurance
Replies: 64
Views: 5018

Re: Accountant Recommends doing Whole Life Insurance

Our accountant started pimping recommending that we visit his friend one office over, the Edward Jones guy. After three years, DH has agreed that we can’t trust a CPA who tries to steer us to buddies. If I ever hire an advisor, I want him/her working for ME. Not for his golf buddy. Skip this horribl...
by bayview
Sat Jan 20, 2018 5:47 pm
Forum: Local Chapters and Bogleheads Community
Topic: Roll Call for the Retirement Class of 2018!
Replies: 97
Views: 12384

Re: Roll Call for the Retirement Class of 2018!

Stick a fork in me, I'm done! Or within a year of done, anyway. Not quite where I wanted to be financially, but we'll be OK, and I just can't do it any more. I will be either near the end of the Class of 2018 (retiring in December) or at the top of the Class of 2019 (early January.) Just making the ...
by bayview
Sat Jan 20, 2018 4:47 pm
Forum: Personal Finance (Not Investing)
Topic: Shortchange your match -- true for all employers?
Replies: 18
Views: 1824

Re: Shortchange your match -- true for all employers?

If I'm understanding what you mean by "truing up", the Federal government does not do this. There are warnings all over the site where we enter the amount we direct to TSP that if we max it out before the end of the payroll year, we won't get the match, just the automatic 1%. Having decided to retir...
by bayview
Sun Dec 31, 2017 8:01 pm
Forum: Investing - Help with Personal Investments
Topic: Placing an order to buy VTSAX, at what price will the transaction be executed?
Replies: 21
Views: 1396

Re: Placing an order to buy VTSAX, at what price will the transaction be executed?

OP, this is what you should think about You will get the end of day price on Tuesday. Barring global apocalypse, you should be fine . +1 Whenever I'm shuffling funds around and trying to do so at the best price --> note, this is a ridiculous waste of time and effort, just buy the darn things --> I ...
by bayview
Thu Dec 21, 2017 1:16 am
Forum: Investing - Help with Personal Investments
Topic: Can rental home generate small income?
Replies: 56
Views: 4215

Re: Can rental home generate small income?

I think your margin here is too low for it to be all that lucrative, but only you can decide how much your time is worth. My initial impression is that $100 is too low for estimated maintenance. You could easily spend $100 on cleaning supplies just to turn over the unit, much less any serious (or e...
by bayview
Thu Dec 21, 2017 1:08 am
Forum: Investing - Help with Personal Investments
Topic: How long to hold 80/20 asset allocation
Replies: 34
Views: 4022

Re: How long to hold 80/20 asset allocation

This post has taken a very different direction than I had originally imagined. There is the 100%er crew that I respect, go big or go home and then when you are near retirement dial it down. The more conservtive which is around age in bonds and maybe isn't conservative if we look at what happened in...
by bayview
Thu Dec 21, 2017 12:44 am
Forum: Investing - Help with Personal Investments
Topic: Just downsized at age 60...input appreciated
Replies: 56
Views: 5230

Re: Downsized at age 60. Input appreciated.

You say that you have $900,000 in cash, but $20,000 in savings. What is the nature of your "cash"? What interest are you getting? Have you thought about paying off your mortgage with this cash? In our own situation, we would never consider drawing from our relatively puny investments to pay off the ...
by bayview
Thu Dec 21, 2017 12:18 am
Forum: Personal Finance (Not Investing)
Topic: Availability of health care providers - how to factor this in a move?
Replies: 77
Views: 4192

Re: Availability of health care providers - how to factor this in a move?

We live in Asheville NC. We chose this location because (among other reasons) it has a large retirement-aged population and good hospitals. As someone who works in health information, my inner nerd picked a primary-care practice that is owned by Mission Hospital, the biggest dog in local hospitals w...
by bayview
Wed Dec 20, 2017 11:24 pm
Forum: Investing - Theory, News & General
Topic: 2nd million is easier!
Replies: 123
Views: 23930

Re: 2nd million is easier!

Glad to hear that the second mill goes so much more easily. :beer

I have to say that the first half-million is quite a schlep. :(
by bayview
Wed Dec 20, 2017 11:21 pm
Forum: Investing - Theory, News & General
Topic: Improving the TSP [for current participants]
Replies: 243
Views: 39863

Re: Improving the TSP [for current participants]

Ahh ok that's an interesting approach. When I retire, i estimated my federal pension + 2 Social securities (married) will be more than enough "floor" or LMP, which will free me up to just have one portfolio for the variable portion of my income. (if some 60K of inflation adjusting income isn't enou...
by bayview
Wed Dec 20, 2017 10:52 pm
Forum: Investing - Theory, News & General
Topic: Improving the TSP [for current participants]
Replies: 243
Views: 39863

Re: Improving the TSP [for current participants]

I see a lot of TSP vs everything else mentality here. Why does it have to be all or nothing? You can keep your fixed in TSP/G and stocks elsewhere, or any other combo. Since you asked, exactly how do you rebalance your stocks in one place, and those bonds in the TSP? I'm still contributing, aka emp...
by bayview
Wed Dec 20, 2017 10:22 pm
Forum: Personal Finance (Not Investing)
Topic: A meal with friends yields a financial revelation
Replies: 95
Views: 12003

Re: A meal with friends yields a financial revelation

The company + the meal + uniqueness/frequency + financial independence = Joyful moment If you change any of the variables it may not be as special. If you do this 20 days of each month, you may begin to loathe the occasions. Happy it was an enjoyable situation. Good reminder of thinking about the i...
by bayview
Wed Dec 20, 2017 9:52 pm
Forum: Investing - Theory, News & General
Topic: A time to EVALUATE your jitters
Replies: 245
Views: 189720

Re: A time to EVALUATE your jitters

By all means, you were and most here are very helpful! Good questions. I suppose to start, I would feel more comfortable if the metrics such as the CAPE, didnt suggest the market is so grossly overvalued, only higher during dot com bubble and actually at the same level as the Great Depression. Now,...
by bayview
Wed Dec 20, 2017 9:32 pm
Forum: Investing - Theory, News & General
Topic: Improving the TSP [for current participants]
Replies: 243
Views: 39863

Re: Improving the TSP [for current participants]

I have stocks now, and my allocation to stocks will be rising as I will be spending down fixed income. I will continue keeping my stocks at Vanguard and Fidelity. But I would like to keep my fixed income in the TSP. My desire may change if the Treasury starts offering TIPS with the fixed rate of 1-...
by bayview
Thu Nov 23, 2017 9:40 pm
Forum: Personal Finance (Not Investing)
Topic: Discover Card Change in Terms
Replies: 28
Views: 3047

Re: Discover Card Change in Terms

Don't use the card if you don't like the new terms.

Keep it open.

After 2-3 years, if they make noises about closing it for lack of usage, go use it to buy a pack of Wrigley's Spearmint. Then pay it off.

There you go.

No effect on your FICO scores, no effect on your pocketbook.
by bayview
Tue Oct 10, 2017 4:43 pm
Forum: Investing - Theory, News & General
Topic: 100% in bond to wait for market crash?
Replies: 122
Views: 14081

Re: 100% in bond to wait for market crash?

All I was saying it is much more risky to put in stock now. You can treat it like a joke, but PE at 30 is real, how many times you see the market with P/E ratio 30? It's not about timing the market, it's about assess the risk. For example, you could kind of see the housing market about to crash wit...
by bayview
Mon Oct 09, 2017 7:47 pm
Forum: Investing - Theory, News & General
Topic: Buy when there's blood in the streets!
Replies: 39
Views: 6804

Re: Buy when there's blood in the streets!

If your portfolio isn't that big yet, and you're still accumulating, you can go to 100% stocks for new money.

Our IPS says not to sell bonds to rebalance (Bernstein's liability matching portfolio approach), so that's still our tactic, even though we're no longer newer investors.
by bayview
Mon Oct 09, 2017 7:02 pm
Forum: Investing - Theory, News & General
Topic: 100% in bond to wait for market crash?
Replies: 122
Views: 14081

Re: 100% in bond to wait for market crash?

hi Alex-686, the idea is to avoid the big lost for now and eventually will move most of the fund back to the total stock market index in taxable. I have invested in my 401k as well which having 90% stock currently with $250k. No, I understand what you are saying. Let me counter with a different ide...
by bayview
Mon Oct 09, 2017 6:12 pm
Forum: Investing - Theory, News & General
Topic: 100% in bond to wait for market crash?
Replies: 122
Views: 14081

Re: 100% in bond to wait for market crash?

Since the stock market value most Expendive except year 2000 ( p/e https://www.quandl.com/data/MULTPL/SHILLER_PE_RATIO_MONTH-Shiller-PE-Ratio-by-Month ). Also sincevthe bond having roughly 2.3% return, please convince me not to collect 2.3% in bond and wait for stock correction. I do to want to see...
by bayview
Mon Oct 09, 2017 12:27 pm
Forum: Investing - Theory, News & General
Topic: Bogle himself is saying we will expect like 3% for the next decades
Replies: 141
Views: 17197

Re: Bogle himself is saying we will expect like 3% for the next decades

This thread reminds me of the saying:

Bulls make money; bears make money.

Pigs get slaughtered.
by bayview
Mon Oct 09, 2017 8:57 am
Forum: Investing - Help with Personal Investments
Topic: Third time in my 32 year career I have been laid off
Replies: 87
Views: 11030

Re: Third time in my 32 year career I have been laid off

I doubt if it would impact decisions, but it might, and in any case it would be interesting to know: Felix the Cat: It would just take a few minutes to set up a username and password to log on to the social security site and see what your monthly social security income would be at various ages star...
by bayview
Mon Oct 09, 2017 8:37 am
Forum: Investing - Help with Personal Investments
Topic: Pare back allocation?
Replies: 10
Views: 1001

Re: Pare back allocation?

Bump in case OP is still around: I found an earlier thread where OP asked what seems to be the same question: I will retire in 4.5 years at age 57 and a half. I am a public employee and I will have approximately 480,000 in a stable value fund at that time. That is guaranteed based on CPI index and I...
by bayview
Sun Oct 08, 2017 1:48 pm
Forum: Investing - Help with Personal Investments
Topic: Pare back allocation?
Replies: 10
Views: 1001

Re: Pare back allocation?

I struggle with this. I have lump sum account that I know will give me about $475,000 in 4 years when I have to retire (State job). I can't manage that it is basically fixed at CPI. Does that mean that you can't control the stock/bond AA, because it is basically is going to pay you your savings, in...
by bayview
Thu Oct 05, 2017 6:30 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 392
Views: 59928

Re: Retirement Account Stolen by Identity theft

You asked above what else you should do, and I might have missed it, but I didn't see it mentioned: Make sure that your email address is registered on his accounts so that you will be promptly notified if anything odd happens. This is not only because he doesn't use email, but because elderly people...
by bayview
Thu Sep 28, 2017 5:58 am
Forum: Investing - Theory, News & General
Topic: Why do you LBYM? Why do you save and invest?
Replies: 204
Views: 16506

Re: Why do you LBYM? Why do you save and invest?

We save to reduce anxiety about our retirement years. We want to remain independent as long as we can. It's easy to do because neither of us are into Stuff. We own one car, a 2002 Accord. He's retired; I'm shifting to working from home and can live happily with the clothes I have. We picked the hous...
by bayview
Sat Sep 23, 2017 8:16 am
Forum: Investing - Theory, News & General
Topic: AA if you were just starting out again
Replies: 49
Views: 4058

Re: AA if you were just starting out again

oldcomputerguy wrote:
Sat Sep 23, 2017 6:41 am
Anybody know why there's a 20-pound frozen turkey up in the light grid?
oldcomputerguy, I just have to ask about your signature. :D What provoked that question? And did you ever find out how the turkey got up there??
by bayview
Sat Sep 23, 2017 8:12 am
Forum: Investing - Theory, News & General
Topic: AA if you were just starting out again
Replies: 49
Views: 4058

Re: AA if you were just starting out again

(1) I would have started earlier. (2) I would have used Roth IRAs more in contrast/ in addition to traditional 401k and TSP. (3) I might have been heavier in stocks, but still at least 10% fixed initially, dialing it back over the years, although I'm not particularly unhappy with what I did. (4) Sam...
by bayview
Sat Sep 23, 2017 8:04 am
Forum: Investing - Theory, News & General
Topic: VG wants everyone to transfer to a brokerage account?
Replies: 110
Views: 12493

Re: VG wants everyone to transfer to a brokerage account?

I got the email during the previous wave - two months ago?

The big "convert now!!!!" banners were on our accounts for maybe a month and then finally went away.

We are still non-brokerage.

--However, now I have the email again about the proxy vote, even though we voted last time. :oops:
by bayview
Wed Sep 20, 2017 4:59 pm
Forum: Personal Finance (Not Investing)
Topic: Equifax customer information leak
Replies: 711
Views: 56237

Re: Equifax customer information leak

Just found this in my thrash on my e mail account. Sept 10th it arrived. This was about the same time I filled out the Equifax form which wanted my ss # Is this legit or another scam. I have not phoned them. Have not heard back from Equifax after they said I was probably impacted. ALERT! EQUIFAX HA...
by bayview
Tue Sep 19, 2017 5:52 am
Forum: Personal Finance (Not Investing)
Topic: Calling out the not so rich bogleheads
Replies: 233
Views: 27708

Re: Calling out the not so rich bogleheads

Well, this thread sure went sideways from what I was expecting. I count myself among the not-so-rich Bogleheads. With retirement planned for ~3 years away, we will NEVER have the retirement savings that many post about here, but we're happy with the AA though and nervously confident in the retiremen...
by bayview
Sat Sep 16, 2017 4:28 pm
Forum: Investing - Help with Personal Investments
Topic: Considering rolling over Vanguard funds to TSP
Replies: 13
Views: 1254

Re: Considering rolling over Vanguard funds to TSP

Welcome to the Boglehead forums! I have both TSP and VG tIRA and rIRA. My husband also has his tIRA and rIRA at Vanguard. With respect, you might be micro-focusing on fees. The Vanguard fees are pretty miniscule. Granted, the TSP fees are even smaller, but you'd have to have a ton of money in TSP to...
by bayview
Fri Sep 15, 2017 2:47 pm
Forum: Personal Finance (Not Investing)
Topic: The 10 year car ownership "rule"
Replies: 95
Views: 11633

Re: The 10 year car ownership "rule"

hulburt1 wrote:
Tue Sep 12, 2017 3:27 pm
4 cars buy new-(1995-223000,2004-170000,2007-122222 and a 1972 vw 25000 on engine)-I rent now when I take trips.
+1 for the renting option. Let Enterprise eat that mileage.

One car for two of us, 2002 Honda Accord, 220k+ miles, bought used in 2009, runs perfectly. * knock wood *
by bayview
Fri Sep 15, 2017 2:42 pm
Forum: Investing - Help with Personal Investments
Topic: Reasonable to adjust 401k allocation if you have a pension?
Replies: 20
Views: 2206

Re: Reasonable to adjust 401k allocation if you have a pension?

I recently started a position that offers a pension or a % match in a 401k. I opted for the pension thinking it could (operative word) be a good safety net in the future. If something were to happen before I'm vested in 5 years, the principle would be returned with 4% interest. However, the pension...