Search found 306 matches

by truenorth418
Mon Dec 11, 2017 9:50 pm
Forum: Personal Finance (Not Investing)
Topic: Can/Should early retiree avoid ACA tax credits?
Replies: 34
Views: 2125

Re: Can/Should early retiree avoid ACA tax credits?

The Affordable Care Act was carefully designed and well thought out by our nation's leaders. Obviously they wanted people under your circumstances to receive the subsidies, otherwise they would not have designed the law the way they did.

Take the subsidy and enjoy it!
by truenorth418
Sat Dec 09, 2017 9:38 am
Forum: Personal Finance (Not Investing)
Topic: Does this happen to you? Educating friends about personal finance
Replies: 104
Views: 5678

Re: Does this happen to you? Educating friends about personal finance

Yes it can be frustrating. Recently I had a conversation with my brother about how I manage my finances in early retirement. I mentioned a few books that I found helpful, and he asked me to please send me a list of the books so he could read them too. So I went to my email to compose the message and...
by truenorth418
Tue Dec 05, 2017 11:42 am
Forum: Personal Consumer Issues
Topic: After financial independence, do you lose motivation for work?
Replies: 156
Views: 11139

Re: After financial independence, do you lose motivation for work?

I was sick of my career so I stepped off as soon as I was financially independent. I looked into some other career tracks to see if there was something more interesting to me where I could continue making money, but for the most part potential new employers weren't interested in taking a chance on s...
by truenorth418
Sat Nov 25, 2017 1:44 pm
Forum: Investing - Theory, News & General
Topic: HSA: "Pay out of pocket" vs Withdraw math problem
Replies: 48
Views: 3308

Re: HSA: "Pay out of pocket" vs Withdraw math problem

Money is fungible. I assume I will always have health related expenses in my budget - and that I will have more of those when I am older, so why not wait and allow the funds in my HSA to grow tax free for a while? Later I will withdraw the money tax free to pay for those health related expenses. I w...
by truenorth418
Sat Nov 25, 2017 1:36 pm
Forum: Personal Consumer Issues
Topic: Etiquette question: going out to dinner with friends and how to split the bill
Replies: 86
Views: 5267

Re: Etiquette question: going out to dinner with friends and how to split the bill

#3 Separate checks. If your friends balk, discreetly pull the waiter/ress aside when you go to the men's room and ask them to split your check out separately. You are ordering a proportionately more expensive meal. You are doing them a favor. It is hardly rude to insist on paying your "fair share".
by truenorth418
Sun Nov 19, 2017 6:24 pm
Forum: Investing - Theory, News & General
Topic: Schwab acct. security tool
Replies: 22
Views: 1516

Re: Schwab acct. security tool

Schwab uses Symantec VIP random generator for login with your existing password. Yup, I did the same a couple of months ago. It works really well. Yes, I have to have my phone handy when I log in so I can access the code, and yes it is an extra step to log into my account, but I appreciate the extr...
by truenorth418
Thu Nov 16, 2017 12:16 am
Forum: Personal Finance (Not Investing)
Topic: Fair way to split expenses?
Replies: 105
Views: 4767

Re: Fair way to split expenses?

50/50. Marriage is an equal partnership.
by truenorth418
Tue Nov 14, 2017 8:53 am
Forum: Personal Consumer Issues
Topic: Keurig died...what now?
Replies: 73
Views: 5401

Re: Keurig died...what now?

Another day, another reason not to use Keurig.

Buy a cone and some paper filters - put the coffee in it and pour the hot water through it into the cup.

That's what I do. It's economical, it's better tasting than any other method, and it frees up valuable shelf space.
by truenorth418
Sun Nov 12, 2017 9:59 am
Forum: Personal Consumer Issues
Topic: Unnecessary Corporate Meetings
Replies: 25
Views: 1956

Re: Unnecessary Corporate Meetings

I am early retired. People ask me if I ever get bored since I no longer work. I say "Of course I get bored sometimes - but NEVER as bored as I was sitting through all those corporate meetings."
by truenorth418
Sun Nov 12, 2017 9:57 am
Forum: Investing - Theory, News & General
Topic: Fidelity 10X Retirement Rule - - Valid???
Replies: 46
Views: 3041

Re: Fidelity 10X Retirement Rule - - Valid???

10X is a terrible rule of thumb. Ok, people tend to know their income better than their expenses. But those of us who are retired understand that expenses is the more important number for forecasting retirement readiness. Fidelity should encourage people to understand their expenses better.
by truenorth418
Wed Nov 01, 2017 6:06 am
Forum: Personal Consumer Issues
Topic: Retirees: which websites do you spend the most time on?
Replies: 33
Views: 5886

Re: Retirees: which websites do you spend the most time on?

Bogleheads
Earlyretirement.org
Instapundit
Drudge
Freerepublic
WSJ
Wikipedia
Twitter
And websites for my financial institutions
by truenorth418
Tue Oct 31, 2017 8:10 pm
Forum: Personal Finance (Not Investing)
Topic: Inexpensive house or condo as home base (MKE?)
Replies: 39
Views: 4111

Re: Inexpensive house or condo as home base (MKE?)

I am considering a similar path. I will be interested to read comments on this one. If you are considering the purchase of a condo or house as a "home base", don't forget there are significant expenses associated with home ownership. First, there are all the expenses that come with purchasing the pr...
by truenorth418
Tue Oct 31, 2017 7:42 pm
Forum: Personal Finance (Not Investing)
Topic: Does anyone have an account with Charles Schwab?
Replies: 12
Views: 1413

Re: Does anyone have an account with Charles Schwab?

I think to a large extent it is up to you.

My Schwab rep has helped me greatly with some service aspects, helping me to transfer money from overseas into my account, transferred funds in from another brokerage, etc. But for the most part he has left me alone which is how I like it.
by truenorth418
Sat Oct 28, 2017 8:06 pm
Forum: Personal Finance (Not Investing)
Topic: Voice recognition security at Fidelity? Go for it or not?
Replies: 9
Views: 928

Re: Voice recognition security at Fidelity? Go for it or not?

I think it's a good idea and I have set this up on my financial accounts that offer it. It can help prevent the strategy you hear about from time to time where the identity thief tries to change some of your online security attributes by doing an end run over the phone. So this is one more layer of ...
by truenorth418
Sat Oct 28, 2017 7:43 pm
Forum: Personal Finance (Not Investing)
Topic: What was the main reason you retired?
Replies: 210
Views: 15437

Re: What was the main reason you retired?

Sick of people I didn't like telling me to do things I was no longer interested in.

And early retirement was always something that appealed to me and had been simmering in my mind for years.
by truenorth418
Tue Oct 24, 2017 6:30 pm
Forum: Investing - Help with Personal Investments
Topic: Schwab- which money market fund? (taxable account)
Replies: 23
Views: 1600

Re: Schwab- which money market fund? (taxable account)

I use SWVXX. It is paying close to 1% now. so the income you receive from it is reported on a 1099-INT correct? as when putting money into SWVXX, one has to choose whether or not to ' reinvest dividends and capital gains ' when manually purchasing SWVXX which pushes my mindset towards a 1099-DIV. I...
by truenorth418
Tue Oct 24, 2017 6:27 pm
Forum: Personal Finance (Not Investing)
Topic: How do you handle ATM access with checking accounts?
Replies: 26
Views: 2418

Re: How do you handle ATM access with checking accounts?

I use a cash back credit card for as many purchases as possible. Currently the Barclay Arrival+ Mastercard. This provides me with 100's of $$ back every year. I take out as little cash from the ATM as necessary. Typically this is one visit to the ATM per month, more if I'm traveling abroad and need ...
by truenorth418
Wed Oct 18, 2017 2:03 pm
Forum: Investing - Help with Personal Investments
Topic: If someone held a gun to your head, and force u to gamble whether the S&P 500 will rise or fall tomorrow, what do u say?
Replies: 45
Views: 2512

Re: If someone held a gun to your head, and force u to gamble whether the S&P 500 will rise or fall tomorrow, what do u

cadreamer2015 wrote:
Wed Oct 18, 2017 1:15 pm
Is this actionable?
No. And neither are the current threads about "reversed pictures" or "trash on the sidewalk". What's your point?
by truenorth418
Sun Oct 15, 2017 10:02 pm
Forum: Personal Finance (Not Investing)
Topic: You career roots and your path to financial independence. "Actionable: steps and tips for others?
Replies: 56
Views: 5998

Re: You career roots and your path to financial independence. "Actionable: steps and tips for others?

It was in college that I decided I wanted to retire early. I saw the movie "Lost in America", and I began to consider this idea of working really hard and saving my money for a while, so that I could escape the rat race at a young age and enjoy life. I decided a 2 year MBA was a good tool to score a...
by truenorth418
Sun Oct 15, 2017 2:19 pm
Forum: Investing - Theory, News & General
Topic: How does everyone keep track of your portfolio?
Replies: 107
Views: 7493

Re: How does everyone keep track of your portfolio?

Google spreadsheet. Links to all my funds and ETFs so I can see the portfolio value in real time.
by truenorth418
Fri Oct 13, 2017 7:40 pm
Forum: Personal Finance (Not Investing)
Topic: Help me understand what happens with the new law and ACA subsidies
Replies: 80
Views: 6196

Re: Help me understand what happen with the new law and ACA subsidies

Here's a link to a spreadsheet showing what each state planned. Here's a link to an explanation of the four basic strategies states and insurers chose. The link is from the spreadsheet, but I thought it would be easier on readers if I listed it separately. PJW Phineas, thank you for posting these l...
by truenorth418
Fri Oct 13, 2017 2:03 pm
Forum: Personal Finance (Not Investing)
Topic: Help me understand what happens with the new law and ACA subsidies
Replies: 80
Views: 6196

Re: Help me understand what happen with the new law and ACA subsidies

As I understand it the subsidies to individuals and families are not impacted. The news today was about the subsidies paid directly to insurance companies. There was speculation that these were going to end anyway since they were being challenged in court. As I understand it, insurance providers sub...
by truenorth418
Thu Oct 12, 2017 8:43 pm
Forum: Investing - Theory, News & General
Topic: Understanding What Makes Vanguard So Successful
Replies: 12
Views: 2037

Re: What Makes Vanguard So Successful - Article

Good article. Thanks for posting, OP. He posits Vanguard is poised for growth and is bound to achieve industry leadership in terms of AUM. But I wonder if that is the primary objective of Vanguard? As he points out, its ownership status is different than other firms. Without traditional shareholders...
by truenorth418
Tue Oct 10, 2017 6:47 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity Security
Replies: 66
Views: 6969

Re: Fidelity Security

Is it all perfect? No. Is it useful and worth using? Yes. And so I have added both of these features to my Schwab and Fidelity accounts. I guess I'm struggling with the "useful and worth using" part. If we already secure our accounts with a password that's strong (alphanumeric) and unique to Fideli...
by truenorth418
Tue Oct 10, 2017 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity Security
Replies: 66
Views: 6969

Re: Fidelity Security

How does the VIP app really provide any extra security? To deactivate it all you have to do is call... Yeah but one would still have to get past the Fidelity phone security features. Fidelity now has voice-recognition-based security over the phone. Schwab also now uses Symantec VIP for online trans...
by truenorth418
Tue Oct 10, 2017 9:06 am
Forum: Investing - Help with Personal Investments
Topic: Protecting against the possibility of a correction?
Replies: 45
Views: 4273

Re: Protecting against the possibility of a correction?

My advice is focus on the Bogleheads tenet about adjusting your AA to fit your risk profile. You are getting older, but so is this bull market. You are getting nervous. This indicates you are taking too much risk than you are comfortable with and you should adjust your asset allocation so that you f...
by truenorth418
Mon Oct 09, 2017 8:03 am
Forum: Investing - Theory, News & General
Topic: Bogle himself is saying we will expect like 3% for the next decades
Replies: 141
Views: 16375

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

The same guy we laud for the quote "Nobody knows nothin'".

Yet here he is making predictions.

What's wrong with this picture?
by truenorth418
Fri Oct 06, 2017 4:59 pm
Forum: Personal Finance (Not Investing)
Topic: Circumstances in which a freeze needs to be lifted
Replies: 34
Views: 2737

Re: Circumstances in which a freeze needs to be lifted

I froze my credit a few years ago. I haven't had to unfreeze except for when I bought a new cell phone and changed carriers. Other circumstances I can think of -opening credit credit account -mortgage -renting an apartment -opening new accounts at cable or electricity providers I suppose the best th...
by truenorth418
Fri Oct 06, 2017 4:46 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 382
Views: 52841

Re: Retirement Account Stolen by Identity theft

OP - Thank you for coming here to Bogleheads for advice and thus sharing your experience with others. I wish you all the best in resolving this and recovering the funds. This thread has inspired me to add 2 factor authentication to my accounts immediately (I had been putting it off). I had already f...
by truenorth418
Fri Oct 06, 2017 11:03 am
Forum: Personal Finance (Not Investing)
Topic: Anyone go 100% Ally or another online bank for all banking needs?
Replies: 61
Views: 5450

Re: Anyone go 100% Ally or another online bank for all banking needs?

I went 100% Schwab Bank a couple of months ago. I love it. It rebates all my ATM fees at the end of every month. It is conveniently tethered to my Schwab Brokerage account. It does not pay as much interest as other online banks but I don't keep much money there. I guess it is not technically an onli...
by truenorth418
Sun Sep 24, 2017 3:12 pm
Forum: Personal Finance (Not Investing)
Topic: NYC Health Insurance
Replies: 4
Views: 621

Re: NYC Health Insurance

CareConnect has been a great, fairly-priced option for me the last two years.

Unfortunately they are winding it down since they were hemoraging money apparently, so like you I am seeking alternatives. God only knows what options await me in this year's enrollment period.
by truenorth418
Sun Sep 24, 2017 3:04 pm
Forum: Personal Consumer Issues
Topic: Where do you get your news?
Replies: 131
Views: 9140

Re: Where do you get your news?

Twitter. Drudge. Mark Simone radio (WOR NYC). Instapundit.
by truenorth418
Sat Sep 23, 2017 5:04 pm
Forum: Investing - Help with Personal Investments
Topic: $3.6 million at age 25 - need investment advice
Replies: 44
Views: 5638

Re: $3.6 million at age 25 - need investment advice

Not everyone wants a boring life of working for 20-30 years, and having $2M in index funds at retirement, withdrawing 4%. It actually makes me depressed to think about :? Fair enough. But for those of us who have COMPLETED the 20-30 years and are sitting comfortably with $2M in index funds..well le...
by truenorth418
Sat Sep 23, 2017 4:59 pm
Forum: Personal Consumer Issues
Topic: Asking for no wedding gifts
Replies: 72
Views: 4693

Re: Asking for no wedding gifts

If it were me, I would simply graciously accept the ones sent and write a thank you note. We don't get to choose the way that other people celebrate us. Many people enjoy buying gifts for people, you can always donate them if you don't want them. If you really don't want gifts, don't send out annou...
by truenorth418
Sat Sep 23, 2017 11:50 am
Forum: Personal Consumer Issues
Topic: Asking for no wedding gifts
Replies: 72
Views: 4693

Re: Asking for no wedding gifts

Rather than send out a "wedding announcement" to those who were not invited, why not simply join the 21st century and post the announcement along with a few wedding pics on facebook or instagram?
by truenorth418
Sat Sep 23, 2017 11:45 am
Forum: Personal Consumer Issues
Topic: Asking for no wedding gifts
Replies: 72
Views: 4693

Re: Asking for no wedding gifts

I'd just state no gifts on whatever communication you provide and deal with whatever happens. I wouldn't complicate this with alternatives like cash or charity, etc. Good luck with that. A few years ago my 55 year old brother got married to his second wife aged 53. Their invitation said "Please no ...
by truenorth418
Fri Sep 22, 2017 1:26 pm
Forum: Personal Finance (Not Investing)
Topic: Age you retired
Replies: 112
Views: 8904

Re: Age you retired

I retired age 47.
by truenorth418
Tue Sep 05, 2017 9:06 am
Forum: Personal Finance (Not Investing)
Topic: How do you track expenses ?
Replies: 58
Views: 3931

Re: How do you track expenses ?

I have an annual budget which prepare in an Apple "Numbers" spreadsheet. Every month I download spending from my credit card account and withdrawals from my checking account, and I manually update my monthly budget with actual numbers to see if my budget is on track for the year. I used to use Quick...
by truenorth418
Tue Sep 05, 2017 8:50 am
Forum: Investing - Theory, News & General
Topic: Do retiree BHs actually run down their portfolios?
Replies: 73
Views: 8669

Re: Do retiree BHs actually run down their portfolios?

Lots of withdrawal approaches are designed to "run down" a portfolio. It all depends on how much, if any, one wants to leave to heirs or spend on themselves. For example, the "VPW" withdrawal approach will run down a portfolio over time as it uses an increasing % of remaining portfolio over time. Pe...
by truenorth418
Sat Sep 02, 2017 1:44 pm
Forum: Local Chapters and Bogleheads Community
Topic: [Are the Bogleheads] getting less interesting?
Replies: 255
Views: 18379

Re: [Are the Bogleheads] getting less interesting?

Here are two reasons I have not been visiting as much. 1. Passive investing in the "Bogleheads" philosophy is a fairly simple concept to grasp and once grasped the discussions become rather repetitive. It's great to visit for reinforcement, but there is not a lot of actionable advice once the basics...
by truenorth418
Tue Aug 15, 2017 12:57 pm
Forum: Personal Finance (Not Investing)
Topic: Good Banks to Avoid Fees (No minimums, etc.)
Replies: 9
Views: 747

Re: Good Banks to Avoid Fees (No minimums, etc.)

I recently switched to Schwab Bank. No fees that I know of, and they reimburse all ATM fees from other banks, all over the world. Linked to my Schwab brokerage for seamless transfers. I love it.
by truenorth418
Mon Aug 14, 2017 3:06 pm
Forum: Personal Consumer Issues
Topic: Your Movie Collection?
Replies: 43
Views: 3829

Re: Your Movie Collection?

No need to own the movies. Waste of valuable apartment space and frankly I am tired of throwing away old crap knowing it just end up in a landfill someday, even if I donate it this time. How often would I watch an old movie anyway? Once or twice and then what? Whenever I want to watch an old favorit...
by truenorth418
Mon Aug 14, 2017 9:52 am
Forum: Personal Finance (Not Investing)
Topic: Do I Need a Trust? (for single, no children, beneficiaries, etc.)
Replies: 16
Views: 1639

Re: Do I Need a Trust? (for single, no children, beneficiaries, etc.)

I am in a similar situation. Single, no kids, some assets. If I were to die intestate, my assets would go to my next of kin who are my brothers, who are older than me, and so if they die soon after me, my assets would in effect flow through their estate plans and probably their wives and then the fa...
by truenorth418
Tue Aug 08, 2017 9:26 am
Forum: Investing - Theory, News & General
Topic: FSITX Question (Fidelity Total Bond Index Fund)
Replies: 7
Views: 1065

Re: FSITX Question (Fidelity Total Bond Index Fund)

I own FSITX in my retirement account because I keep my retirement account at Fidelity. I would have bought the Vanguard bond index fund but of course it was not available at Fidelity, so FSITX suits me must fine.
by truenorth418
Fri Aug 04, 2017 8:24 am
Forum: Personal Finance (Not Investing)
Topic: Do you count vehicle equity in net worth?
Replies: 203
Views: 11899

Re: Do you count vehicle equity in net worth?

I used to include the value of my car in my net worth when I owned a car. I assumed a re-sale value of about $3,000 at one point I think so no big deal. However, I don't use "net worth" as anything but a personal "FYI". The key number for me is the value of my "investable assets", which I use as the...
by truenorth418
Sun Jul 23, 2017 5:23 pm
Forum: Personal Finance (Not Investing)
Topic: Investing Education and Mansplaining
Replies: 128
Views: 9343

Re: Investing Education and Mansplaining

Another thought. I listen to Paul Merriman. His podcast is good, sometimes excellent. But he does go into excruciating detail regarding performance of the various asset classes and whatnot. I would not recommend him for beginners. When I was just starting out I listened to some books on tape by Jane...
by truenorth418
Sun Jul 23, 2017 5:20 pm
Forum: Personal Finance (Not Investing)
Topic: Investing Education and Mansplaining
Replies: 128
Views: 9343

Re: Investing Education and Mansplaining

Jill Schlesinger is also good. Her radio shows are typically uploaded as podcasts (itunes etc) every weekend.

So Money with Farnoosh Tarabi is a good podcast, although her angle is less about investing and more about lifestyle issues around money. It is targeted at young adults.