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Sheepdog

The advantage of a bank is that it minimizes the risk that someone misappropriates the money. For various reasons, I've come to the reluctant conclusion that - when DW goes - I'm going to be hard pressed to find someone who I can trust to handle the expenses and not misappropriate the funds. Thanks...

Sheepdog

Miriam2 wrote: ↑
Sat Jul 13, 2019 11:29 pm

And what about the sheepdog?

That's another story. Her haircut costs $65. That's extravagant, don't you think?

Sheepdog

I go to this young barber. He is only 72....well, he's younger than me. He charges $7 now. It was $6 a couple of years ago. I usually give him $10, unless I don't have that much in my wallet. (no credit card accepted.) His son and grandson used to work for him, but about 5 years ago they split from ...

Sheepdog

We are a retired couple, ages 85 and 78 at the end of 2018. We started with Medicare plus Medigap and changed later. I can give you all of our costs over the years and believe shows our cost advantages since changes from Medicare plus Medigap to Medicare Advantage..(Side note....we have had no probl...

Sheepdog

Volunteering is doing wonders for me when I can do what I love. I have found several soul saving volunteer possibilities before and after retiring 21 years ago, including great foreign and domestic projects sponsored by my Rotary Club, being on a symphony Board, helping out with social agencies like...

Sheepdog

Check you C.L.U.E. report now and annually. This report shows everything in your auto and homeowners insurance claims and perhaps other things which could affect your rates, even your employment possibly. This report is free once annually just like your credit reports. Get one for all of the adults ...

Sheepdog

Yes, my two sons know everything about our finances, where they are located, which one gets what, etc. in our wills. They are fine with that. They didn't know though until I was about 70.

However, we don't know their net worth. That's not fair!!

Sheepdog

TravelforFun wrote: ↑
Sun Jun 30, 2019 9:35 pm
I don't count my SS benefits as a part of my asset. SS helps to reduce the amount I need to withdraw from my portfolio but doesn't change my assetallocation.

Same here

Sheepdog

NO, the future begins today.

Sheepdog

Age 86, 24% stock, 67% bonds (incl. I Bonds from 2000-01 which are earning about 6% today), 3% MM. 6% fixed term SPIAs.....+7.02% YTD

Sheepdog

My preferences didn't change at all in our 21 years retired. We still do everything we wanted to do.....traveled a lot for the first 16 years, eat in nice restaurants more at least a couple of nights a week. We go to shows and sporting events more though (More professional football (Colts season tic...

Sheepdog

We have been retired about 10 years, and our projections have been +/- 10% of actual expenses. Medical estimate was right on the button, but dental estimate was too low. A couple of crowns, and root canal and some implants threw us off. Dental insurance is a joke. Best thing to do is budget a coupl...

Sheepdog

21 years retired......and spending has been as planned. In the 5 year period before escaping work, we were spending what we thought we would basically spend in retirement. We were already traveling quite a bit, international included. We bought cars as we wanted, eating out, attended sports and ente...

Sheepdog

Mikestorm, In 2008, I had been retired 10 years, living off of savings and SS. The "crash" came for me in October that year, as some of you may remember, when I was near panic. I learned to plan for another one....not be greedy....try to be intelligent (dubious). I have in savings (neglecting inflat...

Sheepdog

[Thread merged into here, see below. --admin LadyGeek] Just a few days ago several wrote here about the Normandy invasion on June 6, 1944. Some of you may know who Ernie Pyle was, but some may not. I know that Taylor Larimore knows who he was, as are many of us who were safely at home at that time....

Sheepdog

Realtor listing: https://www.edinarealty.com/homes-for-sale/1-tbd-grand-rapids-mn-55744-9933124#/ MLS# 9933124 Description for #1 TBD, Grand Rapids, MN, 55744 Cabin to moved located just minutes to Grand Rapids. This is an insulated 3 BR unit, most furnishings stay, newer furnace from Fireplace Life...

Sheepdog

First, Zillow says The list price and Zestimate® for this home are very different, so we might be missing something. [/b]. It also says it was built in 1777, so there maybe multiple errors. The writeup says that the furnace is not included. The land could be leased. If interested why not call the li...

Sheepdog

In my 54 years of owning a home, I have repaired every house hold appliance, and everything else in the house. Some times when the appliance is old, say 20 years, it is crazy, for me, not to purchase a new one instead of trying to repair it. But, I recently tried to repair my refrigerator ice maker....

Sheepdog

I love the odd bits of information I pick up on B'heads. Never thought I'd be copying quotes from Patton for my students! Here are some more quotes from General Patton for your students "Lead me, follow me, or get out of my way."" "You're never beaten until you admit it" "Always do everything you a...

Sheepdog

Several days ago, the Washington Post published an article written by one of its staff writers, about his grandfather's secret D-Day diary. The article is well worth reading: https://www.washingtonpost.com/news/magazine/wp/2019/05/30/feature/my-grandfathers-secret-d-day-journal/?utm_term=.8f992d6fd...

Sheepdog

[Thread updated, see below. --admin LadyGeek] The 75th anniversary of D Day, 6/6/44, the beginning of the end of the war with Nazi Germany, occurred when the Allies landed on the beaches of Normandy France.. Many thousands died on both sides in the following months. (side note:One of our Bogleheads...

Sheepdog

... Actually I do not accept your assertion that the Great Depression ended in 1933. ... ... So I'm not sure where the 10 years is coming from. Can you provide a link or some source material as I have faithfully done? Honorable Bogleheads, you may intend for your exchange to be friendly. If so, the...

Sheepdog

Oh yeah, some SPIAs also. How have then done wrt holding real value? Did you buy inflation protection? I purchased 3 SPIAs in years 2012, 2013 and 2016 when I was 79, 80 and 83 (now 85+). I purchased these for some guaranteed steady monthly receipts mainly so my wife will have regular receipts to o...

Sheepdog

Why not panic in downturns? Many do after all, but history says that they lose in the long run. From a book by John Merrill, "Outperforming the Market" is a table showing that a diversified portfolio of stocks, bonds, and cash, and held for approximately five years, would have enabled an investor to...

Sheepdog

Sandtrap, I always appreciate your comments and advice here. This thread is an excellent example. You are a needed resource for the rest of us and especially those who may feel uncomfortable with high stock allocations and some might have been reluctant to contribute because they do prefer lower. Fo...

Sheepdog

In my 20 plus years in retirement (now age 85 and climbing.) I found that our "personal inflation" was less than the CPI, less because our expense categories do not follow the CPI categories. We live off of savings and SS only (no pension payments as I took that pension as a lump sum.). Here is our ...

Sheepdog

Bogleheads: For many years, once a month, I would spend Sunday's at the Miami Public Library reading financial magazines, financial news letters, and the updated five inch thick Morningstar binder. Money was my favorite magazine. I will miss it. Best wishes. Taylor Me too, Taylor. Me too.

Sheepdog

Is there something which she has always wanted to do and never could or would like a month around the world cruise. Buy and drive a Maserati..... Would she like to donate to someone or some group which she would like to help and make a good name for herself and do some good with her good fortune? Th...

Sheepdog

Any amount you donate from a traditional IRA directly to a qualified charity is not taxed, so if you give to charities, take it from your IRA before you withdraw your RMD

Sheepdog

Thank you all so very much for talking to me. It helped being reminded what I have said in the past. This is what I did and why. If I had followed the advice of many here, and sometimes myself, I would have kept 3 to 5 years of normal annual distribution for expenses in cash so that when times like...

Sheepdog

this was painfull for me to read. i hope never to be in this situation. How can anyone carry all this weight alone for so many years, why? Is not your wife/husband/significant other there for support? Why not share this with them and go through tough times together? Keeping it all inside, i could n...

Sheepdog

Mine is working and would. I am in my 21st year in retirement. I don't put money at risk in stocks while in retirement which I will need in the next 3 to 5 years and the remainder is invested conservatively with just enough stocks to go along with bonds to maintain income. Because I have enough to l...

Sheepdog

History of my 1998 pension $222,283 lump-sum rollover to IRA (10/29/1998 to 12/31/2017---19+ years) My present age is 84. I could have taken an annuity payment instead which would have been $1479.39 per month, not adjusted for inflation. That would last for both of our lives. History: 10/29/1998 $22...

Sheepdog

It's one thing finding the best active funds from the hundreds out there for the last 10 years, but it's another thing finding the best active funds for the next 10 years. The last 10 years for an active fund does not necessarily equate to the next 10 years. Index funds are reliable.

Sheepdog

I really notice compounding at work when I look at the present value of my I Bonds purchased in the early 2000s. Example, the $10,000 worth of $500 bonds purchased in May 2000, earning a safe 3.6% plus inflation, is worth today $29,492 and will be worth on May 1, 2019 $29,640 and in just a few month...

Sheepdog

Please consider donating your miles to help people in need to travel for such things as to go for medical reasons among others. For Those Donating Air Travel. If you would like to donate your frequent flyer miles to the Red Cross, please contact your airline. The IRS recognizes the donation of airli...

Sheepdog

I am using MS Money (the free sunset edition) and it has been working nicely on Windows 10 for the past year. I've had one issue and a backup cleared that up. If you setup the desktop correctly, it has many similarities to 7. If you stay with 2002 this might help https://answers.microsoft.com/en-us...

Sheepdog

I hope so. Last year (December)I sent a package with programmed delivery date of 5 days (Indiana to Florida). It did not arrive then. Tracing said it was in Pittsburgh and would arrive in Florida in 3 days. It did not arrive then, but they said it would be in Winter Park in 2 days. It did not. Traci...

Sheepdog

I still use Windows XP which is in a Dell Desktop from 2004. I do not use it for internet use. I use it daily for all financial matters using Money 2002. I copy all of those considerable files (22 years or more) twice a week via an Easy Computer Transfer Cable to a 2010 Toshiba laptop using Windows ...

Sheepdog

One reason to rent a car in Vegas is to escape the strip for awhile to see the desert scenery and especially see Red Rock Canyon. It can be a wonderful sight for you. https://www.redrockcanyonlv.org/wp-content/uploads/rrckeystone2017_vfin-web.pdf It is less than 20 miles away to the Red Rock Canyon ...

Sheepdog

I don't want my "children" 55 AND 49 to have a video camera on me. If they need to connect, I have a cell (not smart) phone and a land phone. We have gripes though....They have smart phones, not landlines, but almost 90% of the time when we try to call them in the weekends and evenings, they set the...

Sheepdog

My home page is Google.com.
From there I can click directly to one of these these links: Firefox, Gmail, Bogleheads, Yahoo calendar, My Yahoo, MSN, my credit cards, Colts.com (Indy) or I can "Google" whatever.

Sheepdog

Ah but sheepdog, I must point out the inflation problem ... 800k in 1999 is equivalent to 1.2M today. You started with a good bit more than the OP's inlaws. And your nest egg today is down in real dollars from when you retired. You're still doing great :-) but I feel compelled to point out "real" v...

Sheepdog

Don't suffer. Your in laws are not likely to either. I retired 20 years ago with $800k, slightly more than your inlaws with no pension. I had a heart attack 3 months before retiring. I could not get LTC either. Oh, my God, how am I going to live? So, I took a trip to Scotland, Ireland and England. a...

Sheepdog

Thank you for your thoughtful comments about your visit to my home state. I hope it was worth your while.

Sheepdog

Sheepdog, how did you arrive at your formula of 4.5% rate? In 1998, the year I retired, the Trinity study was published. The 4% (rule) idea began then. We were discussing it a lot on the Vanguard Diehard Morningstar site (the predecessor to our Bogleheads). I did not like the idea of taking out an ...

Sheepdog

Sheepdog thanks for sharing. Great to see how well your portfolio has help up despite a rough first decade! I'd be very interested in any more detail you'd care to share regarding your spending each year. What spending level did you start out at? How much did you adjust your spending down during th...

Sheepdog

20 years retired living off of savings and SS. Expenses are not uniform, I think everyone retired would agree. What would you do when you purchase a new car one year and not the next.....or take a $20K cruise.....re-roof your house, etc. My "formula" is to take out an "average" of 4.5% per year. I h...

Sheepdog

Just to repeat what has been said, but show an example of RMDs and percent of investments spent. My traditional IRA RMD at my age (86) is 7.10%, but I spend only 4.5% of my investments on average. The excess RMD is saved in other places.

Sheepdog

If I could offer you only one tip for the future, sunscreen would be it +1 Too many sunburns as a kid and throughout young adulthood has led to skin cancer tumor (surgery removal) and actinic keratosis. These are pre-cancerous skin lesions that I must get frozen off twice a year at the dermatologis...

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