Search found 756 matches

by Swampy
Wed Jul 24, 2019 7:45 am
Forum: Personal Finance (Not Investing)
Topic: Best Travel Insurance for Bucket List Trip
Replies: 4
Views: 739

Best Travel Insurance for Bucket List Trip

Someone in my family has a very serious pre-existing medical condition and recently expressed a desire to travel to a number of destinations before anything further happens to prevent their travels. The first is a cruise trip to Alaska departing from Vancouver. There are others, including leisurely ...
by Swampy
Sun Jul 07, 2019 8:17 pm
Forum: Investing - Theory, News & General
Topic: POST YOUR QUESTIONS FOR THE EXPERTS PANEL Q&A HERE
Replies: 84
Views: 16213

Re: POST YOUR QUESTIONS FOR THE EXPERTS PANEL Q&A HERE

For the risk averse: Minimum (versus 'ideal)' recommended allocation to equities vs bonds in a retirement portfolio that is being drawn upon 2.5-3.5% annually to allow the portfolio to keep up with inflation adjustments in annual spending and leave a legacy vs depletion of the portfolio over 3-4 dec...
by Swampy
Fri Nov 23, 2018 4:14 pm
Forum: Personal Consumer Issues
Topic: Networth to buy a dual turboprop aircraft?
Replies: 72
Views: 9892

Re: Networth to buy a dual turboprop aircraft?

I'm considering buying a turboprop aircraft as it will make it a lot easier for me to visit my family. At what networth would you consider buying a dual engine turboprop aircraft? There are a lot of details missing in the OP's post: 1) What is your current net worth? 2) Are you a licensed pilot? If...
by Swampy
Thu Nov 22, 2018 11:35 am
Forum: Investing - Theory, News & General
Topic: What financial advice have you been most grateful for?
Replies: 60
Views: 6138

Re: What financial advice have you been most grateful for?

My dad used to say "Strike while the iron is hot" meaning you work hard to get ahead, especially working HARDER whenever an opportunity presents itself. He also said "Take pride in your work, do it right the first time and do it better!" In his eyes, there was no such thing as a 40 hour workweek.
by Swampy
Thu Nov 22, 2018 11:26 am
Forum: Personal Finance (Not Investing)
Topic: What financial information do you share with your family and relatives?
Replies: 112
Views: 10512

Re: What financial information do you share with your family and relatives?

NOTB! Especially when it involves nosy people I have very little contact with otherwise.
I usually turn it around and start pumping them, then watch them squirm.
by Swampy
Tue Nov 20, 2018 6:34 pm
Forum: Personal Consumer Issues
Topic: 1 Week vacation in February 2019, to get away from the Midwest Winter
Replies: 45
Views: 4309

Re: 1 Week vacation in February 2019, to get away from the Midwest Winter

There is no guarantee that you will have warm weather in Florida during February (but it still will be warmer and sure beats the snowy and frigid Midwest). That said, I broke up my Midwest winters by coming to the Florida Gulf Coast in February for a number of years before eventually moving to Flori...
by Swampy
Sun Nov 18, 2018 12:54 pm
Forum: Personal Consumer Issues
Topic: Navigating Venice Italy Transportation System
Replies: 19
Views: 1571

Re: Navigating Venice Italy Transportation System

Sounds like taking the Alilaguna from the airport into Venice, then connecting with a vaporetto to the closest point by the hotel is the way to go. I'm not keen on walking cobblestone streets or maneuvering canal bridges and stairs with heavy wheeled luggage in the dark after a long trans-Atlantic f...
by Swampy
Sat Nov 17, 2018 8:46 am
Forum: Personal Consumer Issues
Topic: Navigating Venice Italy Transportation System
Replies: 19
Views: 1571

Re: Navigating Venice Italy Transportation System

Thanks to everyone for your replies!
by Swampy
Fri Nov 16, 2018 11:28 am
Forum: Personal Consumer Issues
Topic: Navigating Venice Italy Transportation System
Replies: 19
Views: 1571

Navigating Venice Italy Transportation System

We are traveling to Venice, Italy soon and arriving at Marco Polo airport on a weekday evening. There appears to be a bewildering array of choices for transportation from the airport. We're staying within a stone's throw of St. Mark's Square. Has anyone been there and navigated the transit system wh...
by Swampy
Mon Nov 12, 2018 9:20 am
Forum: Personal Finance (Not Investing)
Topic: [Financial] Habits of the Rich
Replies: 238
Views: 36894

Re: [Financial] Habits of the Rich

I was a typical American as best described by Winston Churchill's quote “You can always count on the Americans to do the right thing after they have tried everything else.” Long before Bogleheads and the FIRE ideology were widely known, I was doing the best I could to get ahead by being a good earne...
by Swampy
Sat Nov 10, 2018 9:40 am
Forum: Personal Consumer Issues
Topic: Medicare part D- Wellcare
Replies: 10
Views: 720

Re: Medicare part D- Wellcare

I'll be on Medicare very soon and have been bombarded with an array of information. The Wellcare part D drug plan is the least expensive in my area, but I am not sold on it. I've seen and personally heard of horror stories from other people dealing with Wellcare that go back a couple of decades. Add...
by Swampy
Tue Nov 06, 2018 2:17 pm
Forum: Personal Finance (Not Investing)
Topic: How much money are you leaving your kids after you die?
Replies: 234
Views: 16783

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

I'm curious, especially for those with assets (or planned assets) over $1million. Do you plan to leave your kids nothing, some or everything? Simple question with no easy answer, especially if one (or more) of those 'kids' is severely handicapped, a profligate wastrel or has some other equally mind...
by Swampy
Fri Nov 02, 2018 8:20 am
Forum: Personal Consumer Issues
Topic: Re-doing a trust, contingent beneficiary question
Replies: 12
Views: 1152

Re: Re-doing a trust, contingent beneficiary question

Always prudent to have an attorney help with amendments of any sort unless instructed otherwise by the attorney if you want to minimize the possibility of confusion and extra expense. Plenty of examples of people DIY with seemingly simple amendments that just provides ammo for litigation. Going bac...
by Swampy
Thu Nov 01, 2018 8:37 am
Forum: Personal Consumer Issues
Topic: Re-doing a trust, contingent beneficiary question
Replies: 12
Views: 1152

Re: Re-doing a trust, contingent beneficiary question

After sitting on it for two weeks, we decided to leave the contingent beneficiary list stand as is. As we allow term life policies to lapse, we will revisit the situation again in due time. Does anyone know if we can modify the list ourselves at some future date or do we need to incur more legal exp...
by Swampy
Wed Oct 31, 2018 1:40 pm
Forum: Personal Consumer Issues
Topic: Planning first international trip - London/Paris
Replies: 74
Views: 5024

Re: Planning first international trip - London/Paris

My wife and I are planning our first international trip. We are planning on spending six full days in Europe the last week of April. We are flying non-stop from Atlanta to Heathrow airport. 1. What part of the city do you recommend staying? Is this walking distance to any major tourist areas? 2. Sh...
by Swampy
Tue Oct 30, 2018 7:29 am
Forum: Personal Consumer Issues
Topic: Tire rotation - low mileage car
Replies: 36
Views: 2111

Re: Tire rotation - low mileage car

I had a bad experience with Tire Kingdom when I purchased a set of tires, then chose to have them do my routine lube and oil jobs with 'free' tire rotation. After about year something happened to make me question whether they were really doing it or not, so I marked the tires with a location identif...
by Swampy
Sat Oct 27, 2018 10:54 am
Forum: Personal Investments
Topic: About to get 200k in inheritance.
Replies: 13
Views: 1943

Re: About to get 200k in inheritance.

Condolences on your loss. Here's what 'Judge Judy' has to say about this: https://www.youtube.com/watch?v=75aymQBGOd8 https://www.youtube.com/watch?v=zgDSes7_HJ4 First things first: How would your mom have felt about you spending her hard earned cash on someone with no strings attached? Until you ha...
by Swampy
Thu Oct 18, 2018 6:49 am
Forum: Personal Investments
Topic: would you buy bonds or corporate bonds now?
Replies: 19
Views: 2569

Re: would you buy bonds or corporate bonds now?

I'm new to bonds and would like to hear your opinion. I currently have stocks but want to diversify. Thanks! Since you're new to bonds, why not park the cash in Vanguard's VMMXX or some other attractive short term CD or savings products until you get a better understanding? Interest rates have been...
by Swampy
Thu Oct 18, 2018 6:44 am
Forum: Personal Consumer Issues
Topic: Re-doing a trust, contingent beneficiary question
Replies: 12
Views: 1152

Re: Re-doing a trust, contingent beneficiary question

Nestegg_User wrote: We didn’t name specific charities in the trust document itself, rather we designated an amount to go to charities with a notation that a separate list would be provided. We also stipulated that any beneficiary, including charities, that challenged the trust would immediately be e...
by Swampy
Wed Oct 17, 2018 8:18 pm
Forum: Personal Consumer Issues
Topic: Re-doing a trust, contingent beneficiary question
Replies: 12
Views: 1152

Re-doing a trust, contingent beneficiary question

We are in the process of re-doing our family trust with a new attorney due to significant legal errors we found in the original trust done elsewhere. The most daunting thing is the creation of a 'failure of beneficiaries' list, or a contingent beneficiary list. I'm of the belief that it is better to...
by Swampy
Sat Oct 13, 2018 8:46 am
Forum: US Chapters
Topic: michael survivors
Replies: 16
Views: 2269

Re: Hurricane Michael

My thoughts and prayers go out to all those affected by this storm. We were displaced for days by Hurricane Irma last year and were without power for 4-5 days. I vividly recall 2004, when we were under the gun repeatedly and didn't escape unscathed. My take away from these storms is that everything ...
by Swampy
Mon Oct 01, 2018 10:41 am
Forum: Personal Finance (Not Investing)
Topic: Suze Orman - "I hate the FIRE movement."
Replies: 75
Views: 10589

Re: Suze Orman - "I hate the FIRE movement."

With all due respect, I don't give a damn what Orman says, writes or believes.
by Swampy
Wed Sep 19, 2018 8:26 am
Forum: Personal Consumer Issues
Topic: Dental work and hypertension issue
Replies: 42
Views: 4003

Re: Dental work and hypertension issue

After moving, I went to a couple of local dentists (who were ALL very young and had dollar signs flashing in their eyes trying to run up charges), then I tried the local dental school hoping to get better quality care when I ran into the blood pressure nonsense. Sounds like you went to the same plac...
by Swampy
Mon Aug 13, 2018 9:17 am
Forum: Personal Consumer Issues
Topic: Key West Family Vacation - February
Replies: 25
Views: 2059

Re: Key West Family Vacation - February

I'm not a fan of Key West. Be forewarned of what you might encounter. We took our kids there when they were about the same age. Many gift and souvenir shops along Duval Street had erect phallus cigarette lighters at the cash register (so you couldn't miss them). One of our kids asked if we could get...
by Swampy
Sat Aug 11, 2018 7:57 am
Forum: Personal Finance (Not Investing)
Topic: Financial Advisor Mandatory?
Replies: 36
Views: 3787

Re: Financial Advidor Mandatory?

NO! Financial advisors are usually hazardous to your wealth. Educate yourself. Since you are a relative newcomer, I suggest you read Bogle's, Ferri's, Bernstein's and Larimore's works (I'm not offering a complete list of equally great authors here on Bogleheads ONLY for brevity's sake). It'll take a...
by Swampy
Sat Aug 11, 2018 6:49 am
Forum: Personal Investments
Topic: $1M in cash - invest or pay down mortgage
Replies: 21
Views: 4024

Re: $1M in cash - invest or pay down mortgage

I need to help my retired parents invest $1M in cash which they received as proceeds from home sale.

Here are their financial details:

Net worth: $6.5M
Your retired parents did quite well financially in their lives.

I have just one question:
Did they ask you to help?
by Swampy
Mon Aug 06, 2018 7:17 am
Forum: Personal Consumer Issues
Topic: February warm weather vacation
Replies: 19
Views: 1923

Re: February warm weather vacation

February?

There is no guarantee of warm weather, even in Florida. We moved here over three decades ago from Chiberia.

Maybe a cruise out of one of the Florida ports? That way you don't have to worry about dining out or entertainment, either.
by Swampy
Sat Aug 04, 2018 8:00 am
Forum: Personal Investments
Topic: 20 year old looking for advice
Replies: 10
Views: 731

Re: 20 year old looking for advice

9898, Just to be super clear, did you max out your Roth for 2017 or have you already done so for 2018? If you have just done it for 2017, you can now start contributing for 2018 if you know for sure that you will earn more than $5,500 this year. Most people (in real life, not on this forum) wait un...
by Swampy
Thu Jul 05, 2018 9:13 am
Forum: Investing - Theory, News & General
Topic: Q&A WITH JACK BOGLE - ASK YOUR QUESTIONS HERE
Replies: 66
Views: 19076

Re: Q&A WITH JACK BOGLE - ASK YOUR QUESTIONS HERE

We have earned our 'fortune' and lost it twice due to bad financial advice. After finally earning it back a third time, we discovered Bogleheads and indexing 6 years ago which has been nothing short of a miracle. We are more cautious and reserved as regards to asset allocation than the average Bogle...
by Swampy
Mon Jun 18, 2018 3:27 pm
Forum: Personal Investments
Topic: Morgan Stanley Target date portfolios?
Replies: 23
Views: 1842

Re: Morgan Stanley Target date portfolios?

Hi all, My first post here was to get help establishing my Roth IRA to start saving up for retirement. Now that I've done that, I will max it out, and I am going to be eligible to enroll in a 401k with Morgan Stanley on July 1! Due to ease of use, I wanted to use more Target date funds. However, it...
by Swampy
Fri Jun 08, 2018 5:13 pm
Forum: Investing - Theory, News & General
Topic: Unnecessary Complexity? Your thoughts please.
Replies: 13
Views: 1675

Re: Unnecessary Complexity? Your thoughts please.

Thanks to nisiprius who wrote: There's no doubt that you can show improved results in backtesting by adding complexity. Furthermore, with reasonable care, you can do it at low cost. And the strategies we variously call slice-and-dice, or multi-asset investing, or factor-based investing are not just ...
by Swampy
Fri Jun 08, 2018 8:10 am
Forum: Investing - Theory, News & General
Topic: Unnecessary Complexity? Your thoughts please.
Replies: 13
Views: 1675

Re: Unnecessary Complexity? Your thoughts please.

Thanks to everyone for their responses so far. Jack FFR1846 wrote: How do you move from cash to equity? I'm a big fan of lump sum. "Just Do It". "Taking advantage of market corrections" = market timing. Don't do that. Perhaps the correction will come and the market takes a 30% dive. Perhaps the runu...
by Swampy
Thu Jun 07, 2018 7:44 am
Forum: Investing - Theory, News & General
Topic: Unnecessary Complexity? Your thoughts please.
Replies: 13
Views: 1675

Unnecessary Complexity? Your thoughts please.

Looking at Vanguard's website, specifically "Vanguard ETF strategic model portfolios," which shows diversification over 11 different ETF's/mutual funds, what is the benefit of this complexity versus the simplicity of the three or four fund approach? Case in point, the model portfolio on that Vanguar...
by Swampy
Wed May 16, 2018 7:40 pm
Forum: US Chapters
Topic: Yes, I'm 89 all right! [Jack Bogle]
Replies: 126
Views: 15445

Re: Yes, I'm 89 all right! [Jack Bogle]

Thank you, Mr. Bogle. I wish you the best for a healthy and peaceful life.
by Swampy
Wed May 16, 2018 9:58 am
Forum: Personal Investments
Topic: Friend says "Stock market will crash, invest in silver" - thoughts?
Replies: 127
Views: 11565

Re: Friend says "Stock market will crash, invest in silver" - thoughts?

A highly respected friend of mine is an expert in macroeconomics, and warned me to stay away from stocks. He said that come October or March next year, there are likely to be big crashes. He said companies were artificially inflating their stocks. (I don't understand the detail!) He advised shiftin...
by Swampy
Thu May 03, 2018 9:37 am
Forum: Personal Finance (Not Investing)
Topic: "Gap in financial literacy widens for couples the longer the relationship lasts, study suggests"
Replies: 13
Views: 2210

Re: "Gap in financial literacy widens for couples the longer the relationship lasts, study suggests"

Classic partnership division of working roles. One is in charge of laundry and cooking. The other is in charge of home maintenance and paying bills.

Trouble begins when that partnership division ends due to death, illness or divorce.
by Swampy
Sat Apr 28, 2018 6:05 am
Forum: Personal Finance (Not Investing)
Topic: Do state taxes change for the 2018 tax year and beyond?
Replies: 15
Views: 1428

Re: Do state taxes change for the 2018 tax year and beyond?

Here is an interesting article from your own state:

http://www.sacbee.com/news/politics-gov ... 15539.html

Depending on what your personal situation is, this piece offers some insight as to what appears will happen.
You can draw your own conclusions.
by Swampy
Wed Apr 25, 2018 6:45 am
Forum: Personal Investments
Topic: 26 Year Old Asking For Advice
Replies: 19
Views: 3691

Re: 26 Year Old Asking For Advice

You haven't provided enough information to give you any informed advice.
That said, remember - rare is the decision that is an all or none proposition.
by Swampy
Sat Apr 21, 2018 9:57 am
Forum: Personal Consumer Issues
Topic: Car for 23 year old
Replies: 33
Views: 3806

Re: Car for 23 year old

Just beware of flood damaged cars from Sandy (2012), Harvey (2017) and Irma (2017). Carfax, in my experience, has proven utterly unreliable to get an accurate history. When the time came, we aided one college grad in buying a brand new Corolla just because of this. The other college grad is driving ...
by Swampy
Sat Apr 07, 2018 3:32 pm
Forum: Personal Finance (Not Investing)
Topic: Wills and Trusts - Things to consider?
Replies: 11
Views: 1231

Re: Wills and Trusts - Things to consider?

Background: Wife is 58, I'm 60, both in good health. We both still work and plan to for several more years. We have two grown children out on their own. Financially, we are in good shape with ~$4M in retirement savings, own our primary home and have a second lake house with a mortgage. We have a wi...
by Swampy
Wed Jan 10, 2018 5:18 pm
Forum: Personal Investments
Topic: Buffett on bonds
Replies: 34
Views: 5975

Re: Buffet on bonds

"Large vessels may venture more, but little boats should keep near shore." Attributed to Ben Franklin. What's 'right' for the QE2 isn't necessarily 'right' for a canoe - and vice versa. The principle works the same when your portfolio is 4-5-6-7 digits long compared to someone with an 11 digit long ...
by Swampy
Wed Jan 03, 2018 8:49 am
Forum: Personal Consumer Issues
Topic: Oil filled space heaters
Replies: 39
Views: 5434

Re: Oil filled space heaters

Looking to buy a space heater to keep temp in living room more comfortable. I am leaning towards an oil filled radiator type heater. I understand they take longer to reach temp / warm up a room. My home has a heat pump that struggles when temps get in the teens, even with stage 2 electric heat. Any...
by Swampy
Fri Oct 06, 2017 1:14 pm
Forum: Personal Consumer Issues
Topic: Soliciting personal recommendations for a Barcelona trip
Replies: 57
Views: 7246

Re: Soliciting personal recommendations for a Barcelona trip

Packed and ready to hit the road, come what may.

I'm calculating that the media is magnifying the problem and blowing things way out of proportion.

If SHTF, contingency plans are in place, otherwise looking forward to a peaceful trip.

Bye.
by Swampy
Tue Oct 03, 2017 4:25 pm
Forum: Personal Consumer Issues
Topic: Soliciting personal recommendations for a Barcelona trip
Replies: 57
Views: 7246

Re: Soliciting personal recommendations for a Barcelona trip

We are due to arrive at El Prat within the week and will be spending time at a seaside resort just west of the city to get over the jet lag before proceeding to Andorra, then into France through the Pyrenees. After meandering through a number of stops, we are due to come back to Barcelona, staying i...
by Swampy
Tue Oct 03, 2017 9:17 am
Forum: Personal Consumer Issues
Topic: Soliciting personal recommendations for a Barcelona trip
Replies: 57
Views: 7246

Re: Soliciting personal recommendations for a Barcelona trip

We're days away from going. The news is not indicative of a serene environment as bloodshed in the streets of Barcelona is prevalent. If they start shooting at each other in earnest, then I will cancel and lose the money spent on the trip as there is no reason to endanger my family needlessly. Here ...
by Swampy
Thu Sep 07, 2017 8:33 am
Forum: Personal Consumer Issues
Topic: Vacation after minor hurricane?
Replies: 25
Views: 2823

Re: Vacation after minor hurricane?

We were on Hilton Head Island in December 2016, two months after it got hammered by Matthew. We stayed at the Marriott Surfwatch, close to Chaplin Park. The park was closed and was a receiving/processing area for all the downed trees on HHI that damaged property and blocked roads. An endless parade ...
by Swampy
Wed Aug 30, 2017 7:12 am
Forum: Personal Consumer Issues
Topic: Soliciting personal recommendations for a Barcelona trip
Replies: 57
Views: 7246

Re: Soliciting personal recommendations for a Barcelona trip

Thank you everyone for excellent advice and input.
by Swampy
Mon Aug 28, 2017 7:06 am
Forum: Personal Consumer Issues
Topic: Soliciting personal recommendations for a Barcelona trip
Replies: 57
Views: 7246

Re: Soliciting personal recommendations for a Barcelona trip

Filled in and booked the missing pieces this weekend. Booked an 'apart-hotel' in Barcelona with one of those well known travel websites. Just got an email from the establishment asking for everyone in our party's name, DOB, Passport numbers, etc. I don't feel comfortable emailing this to them becaus...
by Swampy
Fri Aug 25, 2017 10:40 am
Forum: Personal Consumer Issues
Topic: Soliciting personal recommendations for a Barcelona trip
Replies: 57
Views: 7246

Re: Soliciting personal recommendations for a Barcelona trip

Any thoughts about the places that offer breakfast, half-board or even full board as opposed to doing it on your own in these areas, especially Lourdes and Carcassonne? The pricing varies quite a bit, but may be a good deal if local restaurants are expensive with mediocre service/food (as I've noted...
by Swampy
Mon Aug 21, 2017 6:34 am
Forum: Personal Consumer Issues
Topic: Soliciting personal recommendations for a Barcelona trip
Replies: 57
Views: 7246

Re: Soliciting personal recommendations for a Barcelona trip

Regarding pickpockets, Rome is another hotspot for theft as I already found out on a previous trip.

Given that the terrorists primary target was Sagrada Familia with three van-bombs, it doesn't instill a desire to keep
returning to Europe until they eradicate this menace or get it under control.