Search found 1050 matches

by TravelforFun
Mon Feb 19, 2018 2:38 pm
Forum: Personal Finance (Not Investing)
Topic: What home related expenses do I need to think of?
Replies: 16
Views: 797

Re: What home related expenses do I need to think of?

Keep an eye on the condo HOA Board.

TravelforFun
by TravelforFun
Sun Feb 18, 2018 4:06 pm
Forum: Investing - Help with Personal Investments
Topic: Over 55 does contributing to a Roth 401K make sense based on new Tax Brackets
Replies: 25
Views: 1798

Re: Over 55 does contributing to a Roth 401K make sense based on new Tax Brackets

We are hoping to fully retire at at 60, in about 2.5 years.We have about 1.9 million in taxable 401k/IRA's. I think we will be in the same income bracket but I think that the tax brackets will change in future and not be as good so I wanted to take advantage of them now. We have NO tax deferred mon...
by TravelforFun
Fri Feb 16, 2018 7:05 pm
Forum: Personal Finance (Not Investing)
Topic: I'm Cancelling My Home Insurance
Replies: 138
Views: 8399

Re: I'm Cancelling My Home Insurance

Seems risky unless you get umbrella from a provider that doesn't require home insurance. I would also cancel home if I didn't need it for umbrella... If you find a provider for reasonably-priced umbrella without a requirement for home, please post. Standalone umbrellas usually allow you to carry a ...
by TravelforFun
Fri Feb 16, 2018 4:07 pm
Forum: Personal Finance (Not Investing)
Topic: I'm Cancelling My Home Insurance
Replies: 138
Views: 8399

Re: I'm Cancelling My Home Insurance

You didn't mention WHY you want to cancel it. You buy insurance for something you can't afford to lose and you shouldn't buy what you don't need. I cancelled my life insurance years ago because our net worth could take care of my family if something were to happen to me. TravelfoFun It's one thing ...
by TravelforFun
Fri Feb 16, 2018 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: I'm Cancelling My Home Insurance
Replies: 138
Views: 8399

Re: I'm Cancelling My Home Insurance

celia wrote:
Fri Feb 16, 2018 2:24 pm
You didn't mention WHY you want to cancel it.
You buy insurance for something you can't afford to lose and you shouldn't buy what you don't need. I cancelled my life insurance years ago because our net worth could take care of my family if something were to happen to me.

TravelfoFun
by TravelforFun
Fri Feb 16, 2018 2:26 pm
Forum: Personal Finance (Not Investing)
Topic: I'm Cancelling My Home Insurance
Replies: 138
Views: 8399

Re: I'm Cancelling My Home Insurance

essbeer wrote:
Fri Feb 16, 2018 1:51 pm
I though homeowners insurance was usually required for umbrella insurance, car insurance too.
I'm not able to ascertain this yet. Will talk to my insurance company.

TravelforFun
by TravelforFun
Fri Feb 16, 2018 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: I'm Cancelling My Home Insurance
Replies: 138
Views: 8399

I'm Cancelling My Home Insurance

Anyone on here that doesn't have a home insurance policy? What's your experience? My home is paid for and worth about 12% of my net worth and I'm thinking about canceling the homeowners policy and keeping the umbrella policy. If I cancelled and the house burned down, it would just be like a 12% mark...
by TravelforFun
Thu Feb 15, 2018 8:14 am
Forum: Investing - Help with Personal Investments
Topic: Did you learn anything from the market correction?
Replies: 160
Views: 10979

Re: Did you learn anything from the market correction?

I learned that my instincts still work after a nearly 20 year career as an investor. I sent my team an email on 1/26 at 1:45pm with a 3 word subject of "Sell, Sell, Sell". I reduced my equity exposure by 50% at market close. There was no signal to me other than the speed of the move on 1/26. It als...
by TravelforFun
Wed Feb 14, 2018 8:22 pm
Forum: Investing - Help with Personal Investments
Topic: Did you learn anything from the market correction?
Replies: 160
Views: 10979

Re: Did you learn anything from the market correction?

Why worry about this market correction? All the fundamentals like employment rate, company profit, GDP growth, and inflation are still very good. This market is just taking a break.

TravelforFun
by TravelforFun
Sun Feb 11, 2018 8:19 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Card Statement & Receipt Clearing - Help!
Replies: 42
Views: 2223

Re: Credit Card Statement & Receipt Clearing - Help!

I match my receipts to the statement then throw the receipts away. Since I keep track of my spending and I frequently find transactions on the statement for which I don't have receipts, I would confirm those are legit charges and update my expense spreadsheet accordingly.

TravelforFun
by TravelforFun
Sun Feb 11, 2018 11:57 am
Forum: Investing - Help with Personal Investments
Topic: 2 yrs to retirement - asset allocation?
Replies: 19
Views: 2195

Re: 2 yrs to retirement - asset allocation?

Your net asset of $3.4 million along with an AA of 50/50 can support a withdrawal of $102K a year and still last forever. What's your annual expenses? Can you live on $102K(minus taxes) a year before social security or pension kicks in?

TravelforFun
by TravelforFun
Sun Feb 11, 2018 11:49 am
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 232
Views: 14766

Re: free dinner investing seminar

Who would be that desperate for a dinner? People who cannot afford to buy whatever the dinner sponsor is selling. That would be a lot of people I think. In their case a free meal might be worth a lot? I guess the trick is to get invited despite not having any money. If you got good at this it might...
by TravelforFun
Sun Feb 11, 2018 11:26 am
Forum: Personal Consumer Issues
Topic: Does it ever make sense to buy a new car?
Replies: 103
Views: 6394

Re: Does it ever make sense to buy a new car?

Some brands depreciate slower than others and buying them used may not be worth it. We own two Lexus and keep them at least 10 years so we buy a new one every five years. We don't trade in our cars, we advertise them (one-owner, low mileage, garage-kept) and sell them ourselves.

TravelforFun
by TravelforFun
Sun Feb 11, 2018 11:16 am
Forum: Investing - Theory, News & General
Topic: how did you determine your risk tolerance?
Replies: 103
Views: 4838

Re: how did you determine your risk tolerance?

You wouldn't know what your risk tolerance level is until you live through a period like 2000-2001. During that period, those who had high risk tolerance level stayed the course and those who didn't, retreated.

TravelforFun
by TravelforFun
Sat Feb 10, 2018 11:25 am
Forum: Investing - Help with Personal Investments
Topic: What to invest in ?
Replies: 8
Views: 762

Re: What to invest in ?

bertilak wrote:
Sat Feb 10, 2018 11:03 am
Tanks to dbr and Ssandtrap for confirming my thoughts about rental real estate.

Any suggestions other than real estate?
Sure. You could buy a franchise and let someone run it for you. A friend of mine has 6 Subway restaurants and he only does the paperwork.

TravelforFun
by TravelforFun
Fri Feb 09, 2018 2:07 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 5576
Views: 1262196

Re: U.S. stocks in freefall

I sold bonds and bought US stocks today. I slightly overbalanced into equities, and the selloff in the last few minutes should put my allocation back into alignment. Funny how that works! We're in the correction phase and on the average, it would take 4 months for the slide to stop. May not be a go...
by TravelforFun
Thu Feb 08, 2018 11:00 pm
Forum: Investing - Theory, News & General
Topic: How to deal with regret
Replies: 87
Views: 7331

Re: How to deal with regret

There's no woulda coulda shoulda in investing. Look forward!

TravelforFun
by TravelforFun
Thu Feb 08, 2018 9:35 pm
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 232
Views: 14766

Re: free dinner investing seminar

Listening to such a pitch would raise my blood pressure and defeat the whole point of a nice dinner out. I’d rather pay for the meal myself and actually enjoy it, or, more likely, cook a nice steak at home for $15 or so. Hah! At least one poster in this thread has the same reaction that I would "li...
by TravelforFun
Thu Feb 08, 2018 8:25 pm
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 232
Views: 14766

Re: free dinner investing seminar

The local TD Ameritrade invites certain of its clients to a real nice dinner every month and I go when I can. I enjoy going and learning. I've never signed up for services presented at those dinners. Same thing goes for time share presentations. We just got back from a 5-day vacation in Cacun stayin...
by TravelforFun
Thu Feb 08, 2018 8:17 pm
Forum: Investing - Help with Personal Investments
Topic: ROTH Ira for kids
Replies: 38
Views: 3052

Re: ROTH Ira for kids

Some folks disagree but I believe anyone doing a Roth should file a tax return. And if a self-employed person earns more than $400, SS tax is due with the return Except that those kids are on their parents' return. And where on their parent's return do kids put their earned income? My gradson does ...
by TravelforFun
Thu Feb 08, 2018 8:07 pm
Forum: Personal Finance (Not Investing)
Topic: HSA...let me get this straight
Replies: 36
Views: 3750

Re: HSA...let me get this straight

Do I need to keep cancelled checks made to the provider, or will just the EOB suffice? To me, an EOB is worthless. I would not feel comfortable with only that in an audit. What matters is the amount you paid the provider. My EOB shows how much I owe the provider. Which does necessarily equal what y...
by TravelforFun
Thu Feb 08, 2018 7:39 pm
Forum: Investing - Theory, News & General
Topic: NYT: "84 percent of all stocks owned by Americans belong to the wealthiest 10 percent"
Replies: 14
Views: 1811

Re: NYT: "84 percent of all stocks owned by Americans belong to the wealthiest 10 percent"

If you are nearing retirement, and on this board, you are probably among the wealthiest 10% . 3/4 of a million household net worth for a 2 person household puts you in the 90th percentile according to http://wealthometer.org/US/calculator2.html#ergebnis1 3/4 of a million is not much to retire on if...
by TravelforFun
Thu Feb 08, 2018 11:48 am
Forum: Investing - Theory, News & General
Topic: How to short TSLA?
Replies: 50
Views: 2640

Re: How to short TSLA?

Why do you think TSLA will go down and when?

TravelforFun
by TravelforFun
Wed Feb 07, 2018 8:08 pm
Forum: Investing - Help with Personal Investments
Topic: Retired or close to it -- what do you hold in bond portion?
Replies: 41
Views: 3973

Re: Retired or close to it -- what do you hold in bond portion?

Semi-retired. I have 10 years of annual expenses in bond funds mostly Vanguard Total Bond Market Index (VBMFX).

TravelforFun
by TravelforFun
Thu Feb 01, 2018 11:25 am
Forum: Personal Consumer Issues
Topic: "I Volunteered for the Hospital Board and was Sued for Millions."
Replies: 44
Views: 10318

Re: "I Volunteered for the Hospital Board and was Sued for Millions."

My insurance company refused to renew my umbrella coverage because I was serving on a City board a few years ago.

TravelforFun
by TravelforFun
Thu Feb 01, 2018 11:12 am
Forum: Personal Finance (Not Investing)
Topic: Emergency Money
Replies: 25
Views: 2538

Re: Emergency Money

No EF for me. I keep 10 years of annual expenses in bond funds and MM, money I can easily get to. I use cedit cards to pay for everything including emergencies then tap into my MM or bonds if needed.

TravelforFun
by TravelforFun
Mon Jan 29, 2018 4:56 pm
Forum: Investing - Help with Personal Investments
Topic: Bridge to retirement, pre tax and post tax bond allocations
Replies: 7
Views: 676

Re: Bridge to retirement, pre tax and post tax bond allocations

OP, I would have 9 years worth of expenses in bonds and in the pre-tax acoounts. Since you wont have income for the nexr 9 years, I would withdraw the money from the pre-tax accounts to live on and to reduce future RMD. Have enough stocks in your after-tax accounts to achieve your AA. Gains in after...
by TravelforFun
Sun Jan 28, 2018 8:07 pm
Forum: Investing - Theory, News & General
Topic: How do you know much retirement income is needed?
Replies: 53
Views: 3767

Re: How do you know much retirement income is needed?

But replacing 100% of net is a good target for most folks... That's what I'm doing. I'm checking out at the end of May, and have it set up so that withdrawing less than 4% will give me the same take home $$ I'm getting today in my regular paycheck. And hopefully, when you get SS benefits, you would...
by TravelforFun
Sun Jan 28, 2018 7:07 pm
Forum: Personal Consumer Issues
Topic: Survivor worries . . .
Replies: 14
Views: 2089

Re: Survivor worries . . .

I'm 65. My Dad died of a heart attack in his late 30s so I consider every day a bonus for me. Since my spouse is not interested in finances, I've been making all financial decisions for us by myself and that had been stressful at times (especially in 2000). Luckily, a couple of our kids have grown i...
by TravelforFun
Sun Jan 28, 2018 6:56 pm
Forum: Investing - Help with Personal Investments
Topic: Does anyone not rebalance?
Replies: 66
Views: 4586

Re: Does anyone not rebalance?

I don't rebalance. I keep 10 years worth of annual expenses in bonds and the rest of my portfolio is in stocks.

TravelforFun
by TravelforFun
Sun Jan 28, 2018 1:40 pm
Forum: Investing - Theory, News & General
Topic: 401k millionaires
Replies: 158
Views: 23651

Re: 401k millionaires

I am about to hit $100k right before my 31st Birthday. The only way I will ever see $1M in there is through compounding. Which over the course of 3 decades, should End up somewhere between $500-750k in today's dollars. my 401(k) was $120k in 2009, after it dropped from $200k from 2008. It's now $70...
by TravelforFun
Sat Jan 27, 2018 7:21 pm
Forum: Personal Consumer Issues
Topic: Automatic Two-Way File Syncing Software
Replies: 10
Views: 715

Re: Automatic Two-Way File Syncing Software

Thanks everyone. I ended up selecting SyncToy, a free and easy-to-use software from Microsoft.

TravelforFun
by TravelforFun
Fri Jan 26, 2018 9:56 pm
Forum: Personal Consumer Issues
Topic: Automatic Two-Way File Syncing Software
Replies: 10
Views: 715

Re: Automatic Two-Way File Syncing Software

HoosierJim wrote:
Fri Jan 26, 2018 9:29 pm
If this is Windows - look at Robocopy
I have Windows 10. I clicked on your link but can't seem to figure it out.

TravelforFun
by TravelforFun
Fri Jan 26, 2018 9:27 pm
Forum: Personal Consumer Issues
Topic: Your favorite beach vacation destination?
Replies: 64
Views: 5135

Re: Your favorite beach vacation destination?

Cancun, Mexico. Three-hour flight from my home in TX. It has beautiful water and beach, and is extremely inexpensive.

TravelforFun
by TravelforFun
Fri Jan 26, 2018 9:23 pm
Forum: Personal Consumer Issues
Topic: Automatic Two-Way File Syncing Software
Replies: 10
Views: 715

Automatic Two-Way File Syncing Software

Do you know of any free software that would allow two-way file syncing between a computer and a portable drive? I save a copy of all my home computer files on a portable drive which I take to work. At work, if I need to work on those files, I would plug the drive into my work computer, open, work, a...
by TravelforFun
Thu Jan 25, 2018 10:53 pm
Forum: Personal Consumer Issues
Topic: April in Paris - Your favorites or suggestions?
Replies: 48
Views: 1917

Re: April in Paris - Your favorites or suggestions?

I would take a day trip to the Monet Garden in Giverny, 90 minutes from Paris by train.

TravelforFun
by TravelforFun
Wed Jan 24, 2018 7:59 pm
Forum: Personal Consumer Issues
Topic: Pizza delivery asked for security code on my credit card with order
Replies: 50
Views: 5162

Re: Pizza delivery asked for security code on my credit card with order

Don't you have to provide security code when you order stuff online sometimes? What's the difference? There are bad employees everywhere. TravelforFun The difference for me is that when I order online, I do not expect the code to be seen by any human being. It may even be verified by a separate ent...
by TravelforFun
Wed Jan 24, 2018 7:51 pm
Forum: Personal Finance (Not Investing)
Topic: Contemplating Selling a Rental Property
Replies: 15
Views: 1234

Re: Contemplating Selling a Rental Property

Dave Ramsey's reverse question: If you didn't already own the condo, would you buy it and make it a rental property?

TravelforFun
by TravelforFun
Wed Jan 24, 2018 7:48 pm
Forum: Personal Finance (Not Investing)
Topic: Is it better to include spouse on car title?
Replies: 27
Views: 2107

Re: Is it better to include spouse on car title?

I didn't read all the replies but seems to me if you could have one spouse liable fot the car, why involve the other spouse?

TravelforFun
by TravelforFun
Wed Jan 24, 2018 7:42 pm
Forum: Personal Consumer Issues
Topic: Pizza delivery asked for security code on my credit card with order
Replies: 50
Views: 5162

Re: Pizza delivery asked for security code on my credit card with order

Don't you have to provide security code when you order stuff online sometimes? What's the difference? There are bad employees everywhere.

TravelforFun
by TravelforFun
Wed Jan 24, 2018 1:13 pm
Forum: Personal Finance (Not Investing)
Topic: Dear wife quits job and now we are down to 1 income
Replies: 190
Views: 16242

Re: Dear wife quits job and now we are down to 1 income

Applestock, $5,500 expenses a month? If this is after-tax amount, your income alone won't sustain it. If your wife decided to stay home, you're gonna have to find other cuts in your budget (childcare, entertainment, etc.), take on a part-time job, or do both. I did that every time we had a new child...
by TravelforFun
Tue Jan 23, 2018 8:34 pm
Forum: Investing - Help with Personal Investments
Topic: 50% of my portfolio in FANG - 15% in NVDA
Replies: 43
Views: 3623

Re: 50% of my portfolio in FANG - 15% in NVDA

OP, congratulations on timing the technology sector so perfectly but you haven't won yet. Money is still on the dealer's table.

TravelforFun
by TravelforFun
Tue Jan 23, 2018 8:17 pm
Forum: Investing - Theory, News & General
Topic: What's your one big takeaway from the Crash of 2008?
Replies: 379
Views: 62353

Re: What's your one big takeaway from the Crash of 2008?

I froze. I couldn't stand looking at my portfolio so I stopped looking. I took no action. Tax-deferred contributions continued on their established paths. What saved me was I did not panic, I had a stable job, lived in LCOL area, and I had time.

TravelforFun
by TravelforFun
Sun Jan 21, 2018 1:57 pm
Forum: Personal Finance (Not Investing)
Topic: SS Retirement Benefits for Widow with Minor Children
Replies: 14
Views: 1388

Re: SS Retirement Benefits for Widow with Minor Children

Okay, sscritic is doing some more research but I do have some answers from him. It is my understanding that these survivor benefits will end when my children turn 18, and I'm on my own after that until I reach retirement age. Is this correct? 1) Since your sons will still be in their senior year of...
by TravelforFun
Sun Jan 21, 2018 1:15 pm
Forum: Local Chapters and Bogleheads Community
Topic: My daughter got her dream job [Proud Papa]
Replies: 39
Views: 3442

Re: My daughter got her dream job [Proud Papa]

OP, congratulations but wait ... is Vanguard Target Retirement 2050 Institutional fund suitable to her? Are you satisfy with glide path built into the fund? My kids are early to late 30's and they are 100% in Vanguard Total Stock Market Index fund.

TravelforFun
by TravelforFun
Sun Jan 21, 2018 12:51 pm
Forum: Personal Finance (Not Investing)
Topic: Preparing for a lay off - what steps to take now
Replies: 37
Views: 3610

Re: Preparing for a lay off - what steps to take now

OP, I don't have any additional advice to give you but I have to say your company is pretty caring because they gave you a six-month heads up. What happens when employees get that kind of notice is that they tend to accelerate all kinds of medical procedures and that could break a small-size company...
by TravelforFun
Sun Jan 21, 2018 12:37 pm
Forum: Investing - Theory, News & General
Topic: Fear of dying with too much money?
Replies: 137
Views: 8305

Re: Fear of dying with too much money?

No fear of this at all. As a matter of fact, we want this. I hope and believe our asset will continue to grow in retirement even though we're not skimping on our living standards. Our plan is when we both die, our asset will be at its highest point and this is the gift we want to give to our kids, g...
by TravelforFun
Fri Jan 19, 2018 9:39 pm
Forum: Personal Finance (Not Investing)
Topic: Legal to pay yourself to earn credit card bonuses?
Replies: 25
Views: 2568

Re: Legal to pay yourself to earn credit card bonuses?

I would buy Amazon gift cards to satisfy the spending requirement. Seems like we always order stuff on Amazon.

TravelforFun
by TravelforFun
Fri Jan 19, 2018 9:36 pm
Forum: Personal Consumer Issues
Topic: Do we need an emergency supplies kit (go bag)?
Replies: 65
Views: 5455

Re: Do we need an emergency supplies kit (go bag)?

If a hurricane, tornado, or flood strikes my home, I just grab my laptop bag that contains an external drive which has the exact copies of the files stored on my home desk top computer. We keep everything digitally: passports, driver licenses, social security cards, medical records, bank and brokera...