Search found 5063 matches

by Sheepdog
Thu Aug 16, 2018 10:19 am
Forum: Personal Consumer Issues
Topic: Celebrating the day you retired
Replies: 18
Views: 824

Re: Celebrating the day you retired

Faith20879 wrote:
Thu Aug 16, 2018 9:44 am
Classic! Sheepdog brings us some of the best stories on this board, always.
Thanks for the very kind words. God Bless.
Jim
by Sheepdog
Thu Aug 16, 2018 9:22 am
Forum: Personal Consumer Issues
Topic: Celebrating the day you retired
Replies: 18
Views: 824

Re: Celebrating the day you retired

On that day at 7 am, 10/2/1998, I went to work as normal, went to the production office, looked at the day's manufacturing schedule, talked with the person taking over for me about that day's work, listened to my fellow employees all asking "What are you doing here? It's over...its over." I just had...
by Sheepdog
Tue Aug 14, 2018 12:59 am
Forum: Investing - Help with Personal Investments
Topic: RMD's: take distributions vs selling
Replies: 35
Views: 2384

Re: RMD's: take distributions vs selling

Sheepdog, if your balanced funds were at a provider such as Vanguard, you could have exchanged part of the balanced fund proportionately into an equity fund and a bond fund, and then sold the bond fund to satisfy your RMD. You would have sold bonds to satisfy the RMD, not depressed equities. It wou...
by Sheepdog
Tue Aug 14, 2018 12:42 am
Forum: Investing - Help with Personal Investments
Topic: RMD's: take distributions vs selling
Replies: 35
Views: 2384

Re: RMD's: take distributions vs selling

Perhaps I just don't understand what you're saying. My perception was that due to distributions (regardless of the reason) you had to sell stocks at depressed prices. But it really seems that the reason is because you use balanced funds of some sort and you want to keep doing that, so you always se...
by Sheepdog
Mon Aug 13, 2018 10:45 pm
Forum: Investing - Help with Personal Investments
Topic: RMD's: take distributions vs selling
Replies: 35
Views: 2384

Re: RMD's: take distributions vs selling

Last comment. I have no rebalancing to make as I used 'then and use now only balanced funds. Balanced funds do the rebalancing for me. I highly recommend them. The end.... As I said, that's a choice you made. They don't do the rebalancing when you need to avoid selling stocks at a bad time. Okay, t...
by Sheepdog
Mon Aug 13, 2018 4:23 pm
Forum: Investing - Help with Personal Investments
Topic: RMD's: take distributions vs selling
Replies: 35
Views: 2384

Re: RMD's: take distributions vs selling

Ok, but again, it wasn't the RMDs forcing you do anything. You needed money to live on. And since you had both stocks and bonds you should have rebalanced after withdrawals. Using target funds is a choice not a mandate. Last comment. I have no rebalancing to make as I used 'then and use now only ba...
by Sheepdog
Mon Aug 13, 2018 4:14 pm
Forum: Investing - Help with Personal Investments
Topic: RMD's: take distributions vs selling
Replies: 35
Views: 2384

Re: RMD's: take distributions vs selling

No, you were forced to sell low because you needed money for expenses not because of the RMD. Otherwise you could have sold in the IRA and bought the same fund in taxable with little net difference. I checked that thread, and it was mostly you about to capitulate due to the market crash. I don't ev...
by Sheepdog
Mon Aug 13, 2018 10:14 am
Forum: Investing - Help with Personal Investments
Topic: RMD's: take distributions vs selling
Replies: 35
Views: 2384

Re: RMD's: take distributions vs selling

I will just say that it is the rare case, indeed, that somebody is forced to "sell low" in an IRA for RMD reasons. In 2008, I was forced to sell low for RMD (which was used for expenses), to my chagrin. It was very unpleasant. You can look at my very long thread from back then https://www.boglehead...
by Sheepdog
Mon Aug 13, 2018 10:06 am
Forum: Investing - Help with Personal Investments
Topic: RMD's: take distributions vs selling
Replies: 35
Views: 2384

Re: RMD's: take distributions vs selling

jimmieg wrote:
Sun Aug 12, 2018 12:46 pm
Now that I am in the RMD phase, is there any advantage to simply stopping reinvestments to accumulate cash for withdrawal vs selling a position at one time for withdrawal?
To make it simpler, I do not reinvest in my tIRAs and take the RMDs and or QCDs from that.
by Sheepdog
Sun Aug 12, 2018 4:29 pm
Forum: Personal Finance (Not Investing)
Topic: How to have “what if” discussion with retired parents?
Replies: 48
Views: 4280

Re: How to have “what if” discussion with retired parents?

I did precisely this with my Dad (now in his mid-80's). Sent him a link to a document called the "family love letter". I believe it was this one: http://www.cornerstoneplanning.com/docs/09Web-Love-Letter-to-My-Family.pdf I really do like that "family love letter" Thank you for posting it. That woul...
by Sheepdog
Sun Aug 12, 2018 12:03 pm
Forum: Personal Consumer Issues
Topic: Tipping lawn service and trash pickup
Replies: 17
Views: 1170

Re: Tipping lawn service and trash pickup

Never got a tip for my lawn service (I have never hired anyone to do it so no tip.).....well, maybe I get a cold lemonade or a beer or a Manhattan occasionally on those 90 and 100 degree days, like last week. I have seldom seen the trash pickups so I have never tipped them nor have I ever seen anyon...
by Sheepdog
Sun Aug 12, 2018 12:17 am
Forum: Personal Finance (Not Investing)
Topic: SS 2019 COLA could be close to 3%
Replies: 26
Views: 2717

Re: SS 2019 COLA could be close to 3%

dm200 wrote:
Sat Aug 11, 2018 11:01 am


OK - interesting to know. I was in the "hold harmless" category - but am already back in the $134.
Yes, I am in the $134 category now, but my wife is still lower, as she was never a higher earner.
by Sheepdog
Sat Aug 11, 2018 11:41 pm
Forum: Personal Finance (Not Investing)
Topic: How to have “what if” discussion with retired parents?
Replies: 48
Views: 4280

Re: How to have “what if” discussion with retired parents?

You could go about this in a different way, so as not to seem if you are prying. What if you told your parents about YOU. You wouldn't have to tell them about your finances (how much you make....how much you have saved of things like that)....but you could tell him your plans if you and your wife we...
by Sheepdog
Sat Aug 11, 2018 3:21 pm
Forum: Investing - Help with Personal Investments
Topic: Roth conversion advice for senior
Replies: 7
Views: 605

Re: Roth conversion advice for senior

Have you considered what the tax rate will be for 2018's return with the tax changes?
by Sheepdog
Fri Aug 10, 2018 11:24 am
Forum: Personal Finance (Not Investing)
Topic: Paper checks yes or no?
Replies: 116
Views: 6062

Re: Paper checks yes or no?

Yes....many places such as some charities, wife's hair dresser (that alone is 52 per year), my barbers. garbage collector, property tax, dog groomer, etc, do not take credit cards. We are not about to carry cash. We wrote 77 last year and 48 so far in 2018.
by Sheepdog
Thu Aug 09, 2018 4:08 pm
Forum: Personal Consumer Issues
Topic: Ford Fusion under Safety Recall for 2 Years - Ford Can't Fix - help
Replies: 71
Views: 9418

Re: Ford Fusion under Safety Recall for 2 Years - Ford Can't Fix - help

Call Ford and you will get a rental on them. I have been driving a 2018 Fusion AWD Titanium EcoBoost for 4 months now at their expense. The only thing you have to do is put gas in it. Enterprise pays for the oil changes and charges Ford $900 per month. We have been having a ball. I have decided aft...
by Sheepdog
Tue Aug 07, 2018 12:44 pm
Forum: Investing - Theory, News & General
Topic: "Age in Bonds" fails almost everyone
Replies: 217
Views: 12702

Re: "Age in Bonds" fails almost everyone

Age in bonds wasn't bad for me after retiring.. Because I was risk averse (I was a child of the Great Depression I guess was the reason.) I invested little in the stock market until I was in my early 50s, and even then it wasn't a high percentage. I had had only CDs until then. At 65 and when retire...
by Sheepdog
Sun Aug 05, 2018 11:06 pm
Forum: Personal Finance (Not Investing)
Topic: What's you safety deposit box fee?
Replies: 64
Views: 6235

Re: No safety deposit box.

island: I have nothing of value that requires storage in a safety deposit box. Best wishes. Taylor +1 Unless you have large amount of gold/jewellery why do you need a safe/safety deposit box? My "fire proof" safe has a 4 hour rating, but I live in a frame constructed home, which in a long lasting m...
by Sheepdog
Sun Aug 05, 2018 9:12 pm
Forum: Personal Finance (Not Investing)
Topic: What's you safety deposit box fee?
Replies: 64
Views: 6235

Re: No safety deposit box.

Jim: The papers you list are in a fire-proof safe in my condo. They are immediately available to me without bank inconvenience and safe-deposit-box cost. I have no "valuables" (like jewelry and gold). Best wishes Taylor Taylor, I do understand your points. In my case, I too have a "fire-proof" safe...
by Sheepdog
Sun Aug 05, 2018 9:08 pm
Forum: Personal Finance (Not Investing)
Topic: What's you safety deposit box fee?
Replies: 64
Views: 6235

Re: No safety deposit box.

delete
by Sheepdog
Sun Aug 05, 2018 5:55 pm
Forum: Personal Finance (Not Investing)
Topic: What's you safety deposit box fee?
Replies: 64
Views: 6235

Re: No safety deposit box.

island: I have nothing of value that requires storage in a safety deposit box. Best wishes. Taylor Dear Taylor, No auto titles? No SPIA documents? No birth Certificates? No SS cards? No deeds or other housing documents? No military discharge papers? No boat titles? No paper savings bonds? No trust ...
by Sheepdog
Sun Aug 05, 2018 1:28 pm
Forum: Personal Finance (Not Investing)
Topic: Will you pay for your kids' college/graduate education?
Replies: 366
Views: 14109

Re: Will you pay for your kids' college/graduate education?

The GI Bill paid for most of my education, but I worked in the summer to pay the rest. We paid for most of our two sons through college while we did not save as much as we could have.. They earned the rest by working during the summer. Neither of us had any debt when we completed college. We are ple...
by Sheepdog
Sun Aug 05, 2018 9:34 am
Forum: Personal Finance (Not Investing)
Topic: Question to retirees - money or work/life balance?
Replies: 46
Views: 5209

Re: Question to retirees - money or work/life balance?

Would it be enlightening to ask our family members this question after we are retired?
by Sheepdog
Sat Aug 04, 2018 1:22 pm
Forum: Personal Finance (Not Investing)
Topic: Medical expenses while on Medicare
Replies: 48
Views: 2499

Re: Medical expenses while on Medicare

There was this thread a few days ago on expenses in retirement which could help you. viewtopic.php?f=1&t=255410
by Sheepdog
Fri Aug 03, 2018 9:51 pm
Forum: Personal Consumer Issues
Topic: Has anyone programmed their own hearing aids?
Replies: 8
Views: 616

Re: Has anyone programmed their own hearing aids?

I'm a dedicated DIY-er and would like to be able to program my own hearing aids. I feel this would give me the ability to tweak and fine-tune them for optimal results. When you go to the audiologist, they don't really spend much time or effort trying to find the optimal adjustment. And it's really ...
by Sheepdog
Fri Aug 03, 2018 8:50 pm
Forum: Local Chapters and Bogleheads Community
Topic: Post your Financial Milestone Announcements Here
Replies: 478
Views: 46699

Re: Poll: At what age did you hit $500k Net Worth

This is unfair. According to the inflation calculator $500,000 today was only $77,060 in 1970. I think I had that then but didn't get $500K until years later (see my post earlier in this thread.)
(When I see that, it shows how wicked inflation is.)
by Sheepdog
Fri Aug 03, 2018 1:11 am
Forum: Personal Finance (Not Investing)
Topic: Charitable giving strategy
Replies: 43
Views: 2217

Re: Charitable giving strategy

As we have aged, we have increased the amount of donations considerably. It is a joy for us to be able to do so. We donate to several agencies, some of which I will list below. We favor 501C3 organizations serving youth, education and the arts although we do donate to the catch all Local Community F...
by Sheepdog
Wed Aug 01, 2018 5:13 pm
Forum: Investing - Help with Personal Investments
Topic: How long have you been retired and how much have you spent on health out of pocket?
Replies: 18
Views: 1993

Re: How long have you been retired and how much have you spent on health out of pocket?

I will say that the big surprise was dental costs. Lose a tooth, and that seems to be surprisingly common even among elderly people with lifelong good dental care, and you are looking at thousands for an implant. I and someone I know are both looking at three implants over the past several years. I...
by Sheepdog
Wed Aug 01, 2018 5:07 pm
Forum: Investing - Help with Personal Investments
Topic: How long have you been retired and how much have you spent on health out of pocket?
Replies: 18
Views: 1993

Re: How long have you been retired and how much have you spent on health out of pocket?

I copied this from an earlier post this year. Search and ye should find. This is our 19 year in-retirement out of pocket health care expenses, insurance, copays.etc. Here us my wife and my total medical cost in retirement for this couple (1999 thru 2017) (I retired at 65 in Oct. 1998.) Medical, dent...
by Sheepdog
Tue Jul 31, 2018 9:48 pm
Forum: Personal Finance (Not Investing)
Topic: Question to retirees - money or work/life balance?
Replies: 46
Views: 5209

Re: Question to retirees - money or work/life balance?

Interesting question. The only money chasing, if you were to call it that, was getting an engineering education so that I could have a decent living wage. I got married immediately after college so I would not even chase girls anymore. I changed companies only once and that was not money chasing ......
by Sheepdog
Tue Jul 31, 2018 1:03 pm
Forum: Investing - Theory, News & General
Topic: Retirees: How to add $340,000 to retirement savings
Replies: 77
Views: 10987

Re: Retirees: How to add $340,000 to retirement savings

jehovasfitness wrote:
Tue Jul 31, 2018 12:29 pm
reggiesimpson wrote:
Sun Apr 29, 2012 4:22 pm
Sell everything and stop paying for anything. Go on a "permanent cruise". Runs $33,000 annually (includes health care) with Royal Caribbean.
this includes food too? genius
Did you notice that this thread has not been looked at for over 6 years until you read and asked your question?
by Sheepdog
Sun Jul 29, 2018 10:46 pm
Forum: Investing - Help with Personal Investments
Topic: Retirees: how much cash?
Replies: 61
Views: 6309

Re: Retirees: how much cash?

Okay, so if I understand correctly, it sounds like you held stock funds in taxable and balanced funds in tax deferred. In this configuration, one can't control their AA too closely and I can see how this would force stock sells in the event of a downturn. I don't think you do understand all of my c...
by Sheepdog
Sun Jul 29, 2018 8:27 am
Forum: Investing - Theory, News & General
Topic: Is Jim Cramer a Closet Boglehead?
Replies: 22
Views: 2247

Re: Is Jim Cramer a Closet Boglehead?

In 2000 I liked watching Cramer....Cramer the clown investor hawk. I haven't seen him since the tech crash just before of same he said of so many tech stocks "buy, buy, buy". One of which, on September 2000, he said "SUNW probably has the best near-term outlook of any company I know." Within four mo...
by Sheepdog
Sun Jul 29, 2018 1:40 am
Forum: Investing - Help with Personal Investments
Topic: Retirees: how much cash?
Replies: 61
Views: 6309

Re: Retirees: how much cash?

But were you really selling stock in a down market? if you had bonds you were likely selling stock in your taxable account and then rebalancing into stock from bonds in your tax-sheltered accounts. Government and investment-grade bonds held their own during the 2008-2009 crisis, and even had positi...
by Sheepdog
Sat Jul 28, 2018 8:24 pm
Forum: Investing - Help with Personal Investments
Topic: Retirees: how much cash?
Replies: 61
Views: 6309

Re: Retirees: how much cash?

CaliJim wrote:
Sat Jul 28, 2018 7:39 pm

A wise man learns from those who are wiser .... in this case... Sheepdog.
See also this great thread: viewtopic.php?t=25126
Thanks for your thoughts and comments. That thread keeps coming back and back over these 10 years. What a time that was.
by Sheepdog
Sat Jul 28, 2018 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: Pension-Lump Sum or Monthly Payments?
Replies: 16
Views: 1583

Re: Pension-Lump Sum or Monthly Payments?

I took a pension lump sum in 1998 instead of a monthly pension check. I compiled this 19 year lump sum history at the end of last year and compared that with what I would have received to that date with monthly payments instead: History of my 1998 pension lump-sum rollover to IRA (10/29/1998 to 12/3...
by Sheepdog
Sat Jul 28, 2018 11:31 am
Forum: Personal Consumer Issues
Topic: The Villages Florida
Replies: 14
Views: 4448

Re: The Villages Florida

I can't answer your question directly, but you could ask your questions on this forum "Talk of the villages" https://www.talkofthevillages.com/forums/
by Sheepdog
Sat Jul 28, 2018 8:00 am
Forum: Investing - Help with Personal Investments
Topic: Retirees: how much cash?
Replies: 61
Views: 6309

Re: Retirees: how much cash?

2008-09 taught me, a 20 year retired person living off of savings and SS only, to keep 3 to 5 years of normal withdrawals in safety (cash, checking, money market, CDs. fixed term immediate annuities and short term bond funds) so that I won't have to sell and draw from stock containing investments in...
by Sheepdog
Fri Jul 27, 2018 3:34 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Precious Metals and Mining Fund is changing
Replies: 61
Views: 5510

Re: Vanguard Precious Metals and Mining Fund is changing

Dale_G wrote:
Fri Jul 27, 2018 3:24 pm

Still, a very radical change. I owned the fund for a short time, probably 30 years ago. I'm glad I didn't "stay the course" :D

Dale
Me too!! Oh, the days of not knowing anything. Glad they're gone.
by Sheepdog
Fri Jul 27, 2018 3:14 pm
Forum: Personal Consumer Issues
Topic: Tips for staying active / injury-free into older age
Replies: 130
Views: 9305

Re: Tips for staying active / injury-free into older age

livesoft wrote:
Fri Jul 27, 2018 2:44 pm
Jazztonight wrote:
Fri Jul 27, 2018 2:32 pm
I'm currently 71, and completed a 2,600-mile coast-to-coast walk one month ago.
Impressive! And nice to read this. My hat (and shoes!) are off to you!
I missed Jazztonight's post. This is indeed impressive. Fantastic!!
by Sheepdog
Fri Jul 27, 2018 2:55 pm
Forum: Personal Consumer Issues
Topic: Ford Fusion under Safety Recall for 2 Years - Ford Can't Fix - help
Replies: 71
Views: 9418

Re: Ford Fusion under Safety Recall for 2 Years - Ford Can't Fix - help

Call Ford and you will get a rental on them. I have been driving a 2018 Fusion AWD Titanium EcoBoost for 4 months now at their expense. The only thing you have to do is put gas in it. Enterprise pays for the oil changes and charges Ford $900 per month. We have been having a ball. Boy......this soun...
by Sheepdog
Fri Jul 27, 2018 11:36 am
Forum: Personal Consumer Issues
Topic: Tips for staying active / injury-free into older age
Replies: 130
Views: 9305

Re: Tips for staying active / injury-free into older age

I am 85 and am about as active as at 50 (but not 30). I walk a lot, walking from 3 to 6 miles almost every day. I do 98% of my house, lawn and garden maintenance....I stopped climbing on my roof, though, at 80...felt I should not tempt fate any more. Not only is being active at home, walking, climbi...
by Sheepdog
Fri Jul 27, 2018 11:03 am
Forum: Investing - Help with Personal Investments
Topic: Your age in bonds?
Replies: 57
Views: 6423

Re: Your age in bonds?

I would be mighty pleased too, although just to get nit-picky, if you adjust for inflation, you're actually down about 10% in constant dollars since age 66. However, that's still impressive, given your conservative AA and healthy withdrawal rate. Basically, you've lived well, and still have almost ...
by Sheepdog
Fri Jul 27, 2018 8:55 am
Forum: Investing - Help with Personal Investments
Topic: Your age in bonds?
Replies: 57
Views: 6423

Re: Your age in bonds?

I think the bond = age rule has some real problems at the younger and older ends. For retirees, with bonds paying so little, how are they going to live off of a 62%-90% bond portfolio that pays 2% or 3%? For younger people 20-35 years old, 20%-35% bonds seems too high, when they have so many years ...
by Sheepdog
Fri Jul 27, 2018 6:35 am
Forum: Personal Consumer Issues
Topic: Crabgrass weed killer
Replies: 16
Views: 1290

Re: Crabgrass weed killer

I use a quality lawn fertilizer with a crabgrass preventative in the early spring before seeds begin to sprout so I dont have a major problem this time of year. If the few do come up, they are easily removed by hand (usually less than a dozen or so in the summer.)
by Sheepdog
Wed Jul 25, 2018 9:50 pm
Forum: Investing - Theory, News & General
Topic: The volatility explosion of 1933?
Replies: 32
Views: 1918

Re: The volatility explosion of 1933?

Besides my being born in 1933, there were other important happenings affecting the U.S and it's economy. In most countries of the world, recovery from the Great Depression began in 1933. 25% were unemployed in the U.S. and it was still 15% in 1940. Adolf Hitler was appointed German Chancellor and th...
by Sheepdog
Wed Jul 25, 2018 8:54 pm
Forum: Investing - Help with Personal Investments
Topic: Your age in bonds?
Replies: 57
Views: 6423

Re: Your age in bonds?

Speaking for myself, I do not count SS or pension income as a bond component of my portfolio. Rather, they are simply income streams, like a paycheck from one’s employment. Social Security and pension income do not rise and fall with the market, and I cannot rebalance into or out of either of them,...
by Sheepdog
Wed Jul 25, 2018 8:18 pm
Forum: Investing - Theory, News & General
Topic: If financial markets shut down, temporarily...
Replies: 42
Views: 3018

Re: If financial markets shut down, temporarily...

bengal22 wrote:
Wed Jul 25, 2018 7:49 pm
How is this actionable?
+1
by Sheepdog
Wed Jul 25, 2018 4:20 pm
Forum: Investing - Help with Personal Investments
Topic: How do you deal with a bear market?
Replies: 35
Views: 2350

Re: How do you deal with a bear market?

But a lot of people around me tell me that you should sell your equity investments for bonds or things like gold when the economy is at its peak and re-invest in stocks when economy is at its low. While I get that idea, how do you know when to go for safer investments? And how do you go about it? I...