Search found 1556 matches

by TravelforFun
Wed Jan 09, 2019 1:39 pm
Forum: Investing - Help with Personal Investments
Topic: Role of a HECM (Reverse Mortgage) in Retirement?
Replies: 8
Views: 510

Re: Role of a HECM (Reverse Mortgage) in Retirement?

If we had no plan to leave anyone money after we both pass, we would get a reverse mortgage and convert all our assets to SPIAs. These two instruments along with our SS would give us the largest monthly income to spend while we're still alive.

TravelforFun
by TravelforFun
Wed Jan 09, 2019 1:32 pm
Forum: Personal Finance (Not Investing)
Topic: Applying for Social Security
Replies: 10
Views: 976

Re: Applying for Social Security

I applied online and it was a breeze. I described it here.

viewtopic.php?f=2&t=247604&p=4181183#p4181183

TravelforFun
by TravelforFun
Wed Jan 02, 2019 1:59 pm
Forum: Investing - Theory, News & General
Topic: Any reason for optimism?
Replies: 81
Views: 3054

Re: Any reason for optimism?

LOTS of reason for optimism - the US Economy is STRONG, unemployment is low, taxes have been reduced putting more money in everyone's pocket, hundreds of regulations that were strangling business growth have been rolled back. As someone stated in another thread - perhaps you are just watching too m...
by TravelforFun
Wed Jan 02, 2019 1:41 pm
Forum: Investing - Theory, News & General
Topic: Any reason for optimism?
Replies: 81
Views: 3054

Re: Any reason for optimism?

LOTS of reason for optimism - the US Economy is STRONG, unemployment is low, taxes have been reduced putting more money in everyone's pocket, hundreds of regulations that were strangling business growth have been rolled back. As someone stated in another thread - perhaps you are just watching too m...
by TravelforFun
Sun Dec 30, 2018 2:04 pm
Forum: Investing - Help with Personal Investments
Topic: Opinions sought $3.5 M Net Worth
Replies: 76
Views: 8881

Re: Opinions sought $3.5 M Net Worth

OP, ignoring your home equity because you have to live somewhere and your hope-to-get inheritance, you have $3 million to work with. You said you need $160K before taxes to live on. Retire now and you would need: $160K x 10 = $1.6 million until you reach age 67 then you would need: ($160K -$34K SS ...
by TravelforFun
Sun Dec 30, 2018 1:03 pm
Forum: Personal Consumer Issues
Topic: Pre Cruise Ft Lauderdale Hotel
Replies: 29
Views: 1310

Re: Pre Cruise Ft Lauderdale Hotel

On our first couple of cruises out of Fort Lauderdale, we would arrive a day early but found it too much of a hassle. Load and unload luggage twice, shuttle from airport to hotel, shuttle from hotel to cruise port, taxi to restaurant for dinner, and crowded hotel. So now we just catch an early flig...
by TravelforFun
Sun Dec 30, 2018 1:01 pm
Forum: Investing - Theory, News & General
Topic: Annuities objectively considered
Replies: 111
Views: 7262

Re: Annuities objectively considered

Several people mentioned the SPIA payout is significantly more than the safe withdrawal rate of 3 to 4%. What would be a typical SPIA payout rate assuming when you (the one who buys the SPIA) die, the payments stop? For a 65 year-old male, the current payout rate is in the range of 6.5% to 7.0%. It...
by TravelforFun
Sun Dec 30, 2018 1:00 pm
Forum: Local Chapters and Bogleheads Community
Topic: My favorite Boglehead posters
Replies: 142
Views: 8031

Re: My favorite Boglehead posters

How come no one has mentioned 'Obliviousinvestor (Mike Piper)'? His advice on social security matters is invaluable. And I do miss sscritic.

TravelforFun
by TravelforFun
Sun Dec 30, 2018 12:48 pm
Forum: Investing - Theory, News & General
Topic: Annuities objectively considered
Replies: 111
Views: 7262

Re: Annuities objectively considered

Several people mentioned the SPIA payout is significantly more than the safe withdrawal rate of 3 to 4%. What would be a typical SPIA payout rate assuming when you (the one who buys the SPIA) die, the payments stop?

TravelforFun
by TravelforFun
Sun Dec 30, 2018 12:26 pm
Forum: Personal Finance (Not Investing)
Topic: Father with Dementia Took a Full IRA Distribution
Replies: 56
Views: 5478

Re: Father with Dementia Took a Full IRA Distribution

OP, your father made a brilliant market-timing move. He sold everything in September 2018 and moved it to cash. Perhaps he knew something we didn't.

TravelforFun
by TravelforFun
Sun Dec 30, 2018 12:18 pm
Forum: Investing - Help with Personal Investments
Topic: Opinions sought $3.5 M Net Worth
Replies: 76
Views: 8881

Re: Opinions sought $3.5 M Net Worth

OP, ignoring your home equity because you have to live somewhere and your hope-to-get inheritance, you have $3 million to work with. You said you need $160K before taxes to live on. Retire now and you would need: $160K x 10 = $1.6 million until you reach age 67 then you would need: ($160K -$34K SS b...
by TravelforFun
Fri Dec 28, 2018 8:18 pm
Forum: Personal Consumer Issues
Topic: Pre Cruise Ft Lauderdale Hotel
Replies: 29
Views: 1310

Re: Pre Cruise Ft Lauderdale Hotel

On our first couple of cruises out of Fort Lauderdale, we would arrive a day early but found it too much of a hassle. Load and unload luggage twice, shuttle from airport to hotel, shuttle from hotel to cruise port, taxi to restaurant for dinner, and crowded hotel. So now we just catch an early fligh...
by TravelforFun
Thu Dec 27, 2018 8:17 pm
Forum: Personal Finance (Not Investing)
Topic: When to claim Social Security: two reasons not to wait
Replies: 108
Views: 16125

Re: When to claim Social Security: two reasons not to wait

(Full disclosure: I'm 64 and my wife is 63 this year. We are planning to both wait until 70 to start our benefits. We still have 6-7 years to change our minds. No matter what, we intend to be happy.) Joe: I would take a good look at the numbers if the lower-earning spouse takes SS at FRA (likely 66...
by TravelforFun
Thu Dec 27, 2018 8:06 pm
Forum: Personal Finance (Not Investing)
Topic: Side Hustle? Passive Income?
Replies: 71
Views: 8179

Re: Side Hustle? Passive Income?

OP, you're 29, have a six-figure salary and no debt, save 50% of your income, and you're looking for side hustles? I'd say, 'Relax and enjoy life and time with your family and friends.' Balance is important.

TravelforFun
by TravelforFun
Thu Dec 27, 2018 7:56 pm
Forum: Investing - Help with Personal Investments
Topic: ROTH Advice - "Diversification/Simplification"
Replies: 6
Views: 448

Re: ROTH Advice - "Diversification/Simplification"

Glad to see you don't have any bonds or money market in your Roth. I make sure my Roth is 100% equities and I let my IRAs and 401k carry my bonds, CDs, and money market.

TravelforFun
by TravelforFun
Wed Dec 26, 2018 8:06 pm
Forum: Investing - Help with Personal Investments
Topic: Gains harvesting in 0% bracket
Replies: 6
Views: 539

Re: Tax loss harvesting in 0% bracket

Due to a variety of deductions and me staying at home, my husband and I have taxable income of $42K giving us some room to harvest about $60K in capital gains in our taxable account and pay the 0% rate. Great. Here's the question: Twenty years ago I invested $50K in a company that went belly up in ...
by TravelforFun
Tue Dec 25, 2018 8:45 pm
Forum: Personal Consumer Issues
Topic: That Extravagant Thing You Do
Replies: 407
Views: 58126

Re: What NON frugal thing did you do today?

Cycle wrote:
Tue Dec 25, 2018 3:09 pm
Brought a new (1st) child home from the hospital yesterday
Congratulations! First child is not 'non-frugal`. The fourth one may be.

TravelforFun
by TravelforFun
Tue Dec 25, 2018 4:09 pm
Forum: Investing - Theory, News & General
Topic: Who's buying today? where's all the "dry powder" folks at? :)
Replies: 240
Views: 20237

Re: Whose buying today? where's all the "dry powder" folks at? :)

My dry powder is in the keg for my protection. I keep 10 years worth of annual expenses in bonds, money market, CDs for time like this. No panic whatsoever.

TravelforFun
by TravelforFun
Mon Dec 24, 2018 7:17 pm
Forum: Investing - Theory, News & General
Topic: Time to recovery
Replies: 15
Views: 1993

Re: Time to recovery

If market drops 50%, then for it to recover to where it was before , from what I understand ,it has to gain 100% (that is double of what it lost). For someone who stayed the course patiently during past major market drops like in 2008 , how long did it take for them to get back to where they were b...
by TravelforFun
Mon Dec 24, 2018 7:13 pm
Forum: Personal Finance (Not Investing)
Topic: Are some insurance polcies philosophically similar to gambling?
Replies: 57
Views: 2890

Re: Are some insurance polcies philosophically similar to gambling?

Of course some insurance policies are just bets. Two quickly come to mind:

Life insurance: you bet that your life will be short
Annuity: you bet that your life will be long

TravelforFun
by TravelforFun
Mon Dec 24, 2018 7:01 pm
Forum: Local Chapters and Bogleheads Community
Topic: Roll Call for the Retirement Class of 2018!
Replies: 352
Views: 50905

Re: Roll Call for the Retirement Class of 2018!

Good luck to those who hung it up this year. Hope your AA is appropriate to sail the rough seas. Those who retired in 2012 timed it just right.

TravelforFun
by TravelforFun
Sun Dec 23, 2018 9:15 pm
Forum: Investing - Theory, News & General
Topic: What was your best investment in 2018?
Replies: 127
Views: 7226

Re: What was your best investment in 2018?

Family lending club.

TravelforFun
by TravelforFun
Sun Dec 23, 2018 9:12 pm
Forum: Investing - Help with Personal Investments
Topic: Kid's First Roth Contribution
Replies: 21
Views: 1632

Re: Kid's First Roth Contribution

Way too much effort involved in DCA $1,500. Put the whole thing in all at once.

TravelforFun
by TravelforFun
Sat Dec 22, 2018 3:50 pm
Forum: Local Chapters and Bogleheads Community
Topic: My Christmas Present To You
Replies: 108
Views: 11123

Re: My Christmas Present To You

Mr. Larimore, thank you for your service then and now.

TravelforFun
by TravelforFun
Thu Dec 20, 2018 8:19 pm
Forum: Investing - Theory, News & General
Topic: Who's buying today? where's all the "dry powder" folks at? :)
Replies: 240
Views: 20237

Re: Whose buying today? where's all the "dry powder" folks at? :)

Bought yesterday. Large move to Equities based on re-balance but also upped my Equity allocation in my AA another 10% because value. This is panic without fundamentals. U.S. Economy is growing at 3% and we are at full employment. Panic without fundamentals? Record budget deficit, unsettled trade de...
by TravelforFun
Thu Dec 20, 2018 8:32 am
Forum: Personal Finance (Not Investing)
Topic: Should I Continue to Delay SS One More Year
Replies: 29
Views: 3902

Re: Should I Continue to Delay SS One More Year

OP, if you withdraw SS at 70, your and your wife's income would be $3,670 per month or $44 k a year which would be more than what you need to live on, so you only need to worry about your expenses for the next 6 years which is: 6 x ($42,000 - ($1,550 x 12)) = $140,400 You have close to $700k which i...
by TravelforFun
Tue Dec 18, 2018 9:13 pm
Forum: Investing - Theory, News & General
Topic: I feel cheated, saved too much in 401K vs cash.
Replies: 74
Views: 10042

Re: I feel cheated, saved too much in 401K vs cash.

I'm 66 and am regretting I have put too much in IRA and 401k and not enough in Roth and taxable. My tax rates are higher now than in many of my working years. I wish someone had told me when I was younger that the order of investment is: 401k up to the match , HSA (If eligible), Roth, and taxable. ...
by TravelforFun
Tue Dec 18, 2018 8:05 pm
Forum: Investing - Theory, News & General
Topic: I feel cheated, saved too much in 401K vs cash.
Replies: 74
Views: 10042

Re: I feel cheated, saved too much in 401K vs cash.

I'm 66 and am regretting I have put too much in IRA and 401k, and not enough in Roth and taxable. My tax rates are higher now than in many of my working years. I wish someone had told me when I was younger that the order of investment is: 401k up to the match, HSA (If eligible), Roth, and taxable. T...
by TravelforFun
Tue Dec 18, 2018 8:05 pm
Forum: Investing - Theory, News & General
Topic: I feel cheated, saved too much in 401K vs cash.
Replies: 74
Views: 10042

Re: I feel cheated, saved too much in 401K vs cash.

I'm 66 and am regretting I have put too much in IRA and 401k and not enough in Roth and taxable. My tax rates are higher now than in many of my working years. I wish someone had told me when I was younger that the order of investment is: 401k up to the match, HSA (If eligible), Roth, and taxable. Tr...
by TravelforFun
Tue Dec 18, 2018 7:44 pm
Forum: Personal Finance (Not Investing)
Topic: What did you do once you hit your target number?
Replies: 49
Views: 5400

Re: What did you do once you hit your target number?

Things can change quickly. I'm sure there are people who hit their number in September only to see it drop 10-15% a couple of months later.

TravelforFun
by TravelforFun
Sun Dec 09, 2018 1:22 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 3167
Views: 614654

Re: What's Your Credit Card Rewards Strategy?

Currently, for personal reasons, I have little need for air travel, so what are other valuable uses for Amex Membership Rewards points and Citi Thank You Points? I do use my UR points, by transferring to Hyatt. Thanks I closed my Amex card recently and used the 85k points I had accumulated from sig...
by TravelforFun
Sun Dec 09, 2018 1:25 am
Forum: Personal Finance (Not Investing)
Topic: ACA, COBRA, and Medicare
Replies: 9
Views: 822

Re: ACA, COBRA, and Medicare

Option 1, Retire in August. Cost for COBRA is $1,800 a month for 18 months. This is for both of us since I have to be on the policy. You should check on that, that does not sound right, I am about 99% sure that you can be on Medicare and your wife can still get COBRA. You may need to do something l...
by TravelforFun
Sun Dec 09, 2018 1:18 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 3167
Views: 614654

Re: What's Your Credit Card Rewards Strategy?

Schwab would give you $2,400 if you add $1 million to your Schwab account. 0.24% for the hassle of opening a new brokerage account and transferring $1,000,000? No hassle. I called Schwab, they told me what to do, I did it online, printed some forms, signed, and send them off and the whole account g...
by TravelforFun
Sat Dec 08, 2018 4:50 pm
Forum: Investing - Help with Personal Investments
Topic: Best place for children’s money.
Replies: 17
Views: 1316

Re: Best place for children’s money.

I opened an UTMA account for each of my grandkids, seed it with some money, then add to it at birthday and Christmas. The money is invested in 100% stock. I'll show them how to monitor and manage the account when they're old enough.

TravelforFun
by TravelforFun
Sat Dec 08, 2018 1:50 pm
Forum: Personal Finance (Not Investing)
Topic: ACA, COBRA, and Medicare
Replies: 9
Views: 822

ACA, COBRA, and Medicare

I'm 66 and my wife is 62. I transitioned from a full time job to part time a couple of years ago to have more time for myself while staying engaged and maintaining our medical insurance; and it has been working out great. Lately, I've been thinking about retirement. There are some places we like to ...
by TravelforFun
Wed Dec 05, 2018 6:51 pm
Forum: Personal Finance (Not Investing)
Topic: How far back can HSA Expenses go?
Replies: 14
Views: 1573

Re: How far back can HSA Expenses go?

I wouldn't worry about keeping current medical receipts (you're only 27). When you get old, use your HSA account to pay your big medical bills including medicare premium or long term care expenses.

TravelforFun
by TravelforFun
Wed Dec 05, 2018 6:13 pm
Forum: Personal Consumer Issues
Topic: Looking for a nice travel watch... recommendations?
Replies: 41
Views: 2426

Re: Looking for a nice travel watch... recommendations?

I stop wearing other watches after I got my Apple watch. It changes time automatically as you go from one time zone to another, it's waterproof, and you can change the band in 30 seconds.

TravelforFun
by TravelforFun
Sun Dec 02, 2018 1:19 pm
Forum: Personal Finance (Not Investing)
Topic: "The Steak Dinner Annuity Pitch"
Replies: 68
Views: 7798

Re: "The Steak Dinner Annuity Pitch"

I got invited to a presentation at a nice steakhouse (Ruth Chris) by a local financial adviser I've heard of. After an hour and a half of presentation which I thought was engaging, they started serving dinner but it was too late for me then so I left. I got a call the next day from the adviser apolo...
by TravelforFun
Sun Dec 02, 2018 12:57 pm
Forum: Personal Finance (Not Investing)
Topic: Proper way to retire
Replies: 57
Views: 6500

Re: Proper way to retire

I would not think it's proper to give a two-week notice then take off. You must not have a very good relationship with your supervisor to have considered doing this and if that's the case, I wouldn't be surprised if they asked for your resignation right away.

TravelforFun
by TravelforFun
Sun Dec 02, 2018 12:50 pm
Forum: Personal Consumer Issues
Topic: Transfer iphone photos to Windows 10 PC
Replies: 12
Views: 787

Re: Transfer iphone photos to Windows 10 PC

OP, the process is very simple. I do this every week. Connect your iPhone to your PC then open the iPhone folder on your PC and transfer the content from your iPhone folder to your various PC folders. Before this operation, the iPhone would ask you if you 'trust this computer', tap on 'Allow'. Trave...
by TravelforFun
Sun Dec 02, 2018 12:45 pm
Forum: Investing - Theory, News & General
Topic: What percent of Managers beat the market BEFORE fees?
Replies: 94
Views: 6128

Re: "The Arithmetic of Active Management"

andysnip: Welcome to the Bogleheads Forum! Professor WIlliam Sharpe, a Nobel Laureate, helps answer your question in his famous THE ARITHMETIC OF ACTIVE MANAGEMENT Best wishes. Taylor The article concludes that 'after costs, the return on the average actively managed dollar will be less than the re...
by TravelforFun
Sat Dec 01, 2018 12:58 pm
Forum: Investing - Theory, News & General
Topic: Why did the bond market lose money this year
Replies: 39
Views: 3624

Re: Why did the bond market lose money this year

I see, thanks for explanation. Considering interest rates will only continue to rise wouldnt the total bond market just continue to fall? You don't know that interest rates will only continue to rise. No one knows that. If they did they could use that knowledge to become very rich very quickly. All...
by TravelforFun
Fri Nov 30, 2018 7:46 pm
Forum: Investing - Help with Personal Investments
Topic: Nullify Sequence of Returns Risk by Borrowing?
Replies: 31
Views: 2035

Re: Nullify Sequence of Returns Risk by Borrowing?

If you buy a $1 million single premium immediate annuity, it might pay you $50-$60k a year until both of you pass. Combining that with your wife's disabilityincome of $20k a year, you may have enough.

TravelforFun
by TravelforFun
Fri Nov 30, 2018 7:16 pm
Forum: Investing - Help with Personal Investments
Topic: For those of us that can't max contribute
Replies: 43
Views: 2728

Re: For those of us that can't max contribute

If my tax bracket is 22% or less, I would do:

1) Emergency fund (you already have)
2) HSA (tax free both ways)
3) Roth for both of you
4) Pay off debts (higher interest first)

TravelforFun
by TravelforFun
Fri Nov 30, 2018 7:10 pm
Forum: Investing - Help with Personal Investments
Topic: Appropriate HSA Allocations
Replies: 8
Views: 755

Re: Appropriate HSA Allocations

WannabeBogleHead01 wrote:
Fri Nov 30, 2018 3:28 pm
mhalley wrote:
Fri Nov 30, 2018 2:05 pm
Some have advocated higher stock allocations to Roth, and to me that logic applies even more to the hsa.
+1

Our HSA and Roth’s are 100% stock, with Bonds in 401k. Overall AA is 70/30 stocks/bonds.
Same here. My Roth and HSA are 100% equities.

TravelforFun
by TravelforFun
Sun Nov 25, 2018 7:50 pm
Forum: Personal Finance (Not Investing)
Topic: When to stop and settle at one place?
Replies: 27
Views: 3100

Re: When to stop and settle at one place?

Hi everyone, At what point in life one should stop moving for better opportunities which involves relocation etc? I am constantly trying to improve my skills and always looking for better jobs. However, it disrupts all house related and other future plannings. Thank you. You will know when that poi...
by TravelforFun
Sun Nov 25, 2018 2:03 pm
Forum: Investing - Help with Personal Investments
Topic: It is time for a Retirement Plan
Replies: 8
Views: 1014

Re: It is time for a Retirement Plan

Back of envelope cals: - You have $850k now and will have $1 million in four years at age 60, the age you want to retire. - You need $96k a year which would be partially covered by your pension of $60k starting at age 60 leaving you a shortfall of $36k a year between age 60 to age 67. At 67, your SS...
by TravelforFun
Sun Nov 25, 2018 1:41 pm
Forum: Forum Issues and Administration
Topic: SITE OFFLINE (Nov 25) Sunday, 5:00 PM Eastern (22:00 UTC) - software upgrade
Replies: 21
Views: 1615

Re: SITE OFFLINE Sunday, 5:00 PM Eastern (22:00 UTC) - software upgrade

Thank you for all the hard work Boglehead volunteers putting into this.

TravelforFun
by TravelforFun
Fri Nov 23, 2018 8:24 pm
Forum: Personal Finance (Not Investing)
Topic: ignore
Replies: 8
Views: 1558

Re: SocSec widow benefits confirmation

2. If you die anytime after Feb 2023, your wife can apply for survivor's benefits. Full benefits at her full retirement age or reduced benefits as early as age 60. She doesn't need to wait until 2028 if she doesn't want to.

TravelforFun
by TravelforFun
Thu Nov 22, 2018 1:06 pm
Forum: Investing - Theory, News & General
Topic: Do you need to invest mostly in stocks to get rich?
Replies: 178
Views: 17249

Re: Do you need to invest mostly in stocks to get rich?

There is no way we could be where we are today without keeping 80% of our asset in equities starting 40 some years ago. There was no wavering even during the 90s recession, the dot.com bust in 2000, or the financial crisis of 2007.

TravelforFun