Bogleheads.org

Derby

I use it and like it. It's definitely cheaper than Safeway or Trader Joe's, although on some items the Chinese grocery down the street can beat them. A lot of their produce is surplus, which is why it doesn't look too imperfect. I'm pleased with the selection of items and the convenience, which make...

Derby

I read this (https://www.nytimes.com/2015/05/17/magazine/the-last-day-of-her-life.html) article in 2015 and it stayed with me. I have a pdf saved for reference and my spouse read it too. It is a long but worthwhile read if you are thinking seriously about this topic. Not to get too morbid, but my p...

Derby

Hmmm, I've been unemployed for 1 hour and 6 minutes as of this post.
We lost our contract and last night was my last shift. Feels odd. I was planning on retiring this year, but I was sort of hoping to chose the exact date myself.

Derby

If you are looking to educate yourselves, try Nolo Press's Will and Trust publications. Even if you don't DIY it, you will learn what questions to ask.

Derby

CoAndy wrote: ↑
Mon Apr 02, 2018 11:39 am
Well, TimeLord posted a thread a couple months ago asking if anyone else was tired of the market going up. Wonder what his thoughts are right about now?

He's going to put off retiring for one more year.

Derby

I have about 15% of my investable NW in private equity RE syndications. If RE is location, location, location, these investments are sponsor, sponsor, sponsor. Do your due diligence carefully on the persons you're handing 50-100K to. It's just another form of RE diversification with less market corr...

Derby

The terms you've listed appear pretty standard for this sort of deal, but as usual, the devil is in the details. Some things just off the top of my head: Who approached you with this deal? Who is the sponsor? Can you verify the previous successes? Can you call or meet with them? How responsive are t...

Derby

Please come back and revive this thread to tell us more about the book when you can!

Derby

You have a negative net worth right now, and you want to buy a condo that's almost 4x your income? And have total debt of almost 1.2 MILLION Dollars?
(At least. Do you have car loans or credit card debt as well?)

Sounds like a really bad decision to me.

Derby

Congratulations! It's always nice to get an update.

Derby

There is a real estate agent in our area who seems to have the following M.O. during seller-friendly markets. Holds an open house over an upcoming weekend. Home is available for touring for a few hours on both Saturday and Sunday. (in addition to other times agreeable to seller leading up to the we...

Derby

Glad you asked this question, as I am in the same circumstance. More than enough assets, no need to take on risk, but I have been buy and hold all my life, and now that I am retired and staring at the big balances am thinking: a) No need to risk. b) No need to avoid risk. Male 67 yoa, retired, wido...

Derby

Another +1 to https://tripinsurancestore.com . The website looks straight out of 1990 geocities, :D but Steve, the owner is great and will not hesitate to tell you if you shouldn't buy trip insurance. I never buy trip insurance, but I'm planning a pretty pricey trip, and he's been very helpful with ...

Derby

Just not sure if I should suck it up for a few more years to make sure I don't lose money. I just have a feeling that I am one HVAC replacement away from having to deal with this property for another decade. Rip the band-aid off and sell it. You're already losing money. How will you feel if you get...

Derby

Thank you all for your responses. The parents have recently moved to Texas as well, and are meeting with a trusts & estates attorney there, so I imagine they'll get it arranged appropriately.

It never ceases to amaze me what this state will do to disincentivize business.

Derby

A friend of mine is the successor trustee for her parents' low 8 figure estate. The beneficiaries of the trust are her children (the Grantors' grandchildren). Unfortunately my friend has some health issues, and they are considering making me an alternate trustee. The trust was made in PA, and all th...

Derby

TLC1957 wrote: ↑
Mon Jan 08, 2018 5:29 pm
Do not know how I would fit work into the schedule!

I must know half a dozen people who have said this almost verbatim. I plan to be one of them a year from now.

Derby

This sounds really great. Would consider doing this in the future, for sure.

Derby

Really looking forward to Steven Pinker's new book in Feb, Enlightenment Now: The Case for Reason, Science, Humanism, and Progress https://stevenpinker.com/publications/e ... d-progress

Derby

This sounds far fetched to me, but someone told me that if I can prove Lithuanian birth of my grandfather (I can) about 1900, I can claim dual citizenship and obtain an EU Passport. And that my kids and grandkids could go to college and grad school in Europe on the cheap. First of all, can I really...

Derby

The IRS puts your daily cost of driving at about $21. With a Prius, it's probably less, but taxes, registration, repairs, maintenance and depreciation are real, even if you haven't paid them yet.

You may put a $0 dollar value on your time, but you'll find it's actually priceless. I would move.

Derby

I've been thinking about it a lot, and the more I think, the more I realize it's time. I'm looking at almost exactly 1 year from today for my last day, probably an official date of 31December to get a small bonus. I'll be 59. I know already that I'll never be bored. Live is short, and I've got thing...

Derby

I haven't signed up yet, but I'm going to soon here: https://baselang.com/ Unlimited Spanish tutoring via Skype for $100/month It almost seems too good to be true, but it's legit. Short of going to live in a Spanish speaking country, having a native tutor will always be better than any book or soft...

Derby

I am not discounting nurse professional value or the immense care that nursing profession provides. HOWEVER, why aspire to become RN or PA unless the person believes that one is not capable of being a P herself? And if so, why the lack of confidence? It makes no sense to have that as a career path ...

Derby

OK, I'll 'fess up.

I'm thinking of doing this as a retirement/milestone B-day present to myself. Not sure if I can pull the trigger, but I'm trying to get there.

http://www.nationalgeographicexpedition ... our/detail

Derby

Good Work! Right now, you and Ms. T need Long Term Disability Insurance more than Umbrella Insurance. When you have need to protect your ability to earn (human capital), use LTDI. When you need to protect your assets (financial capital), use Umbrella Insurance. You still have a lot more of A than B ...

Derby

One rule of thumb is that expenses will eat up 45% of your rents, before the mortgage. 1600 x 0.55 = $880 -$1000 mtg = -$120 in the hole every month. You haven't accounted for vacancy, CapEx (roof, water heater) or routine maintenance. If RE investing is something you're interested in, head on over ...

Derby

Her manger is a micro manager and seems to throw sarcastic jokes and sentences at her all the time. This, to me, is a much bigger deal than the laptop issues. She needs to address this with him in a professional way, if at all possible. The next step is HR (hostile work environment). She could alwa...

Derby

OP, Why would you spend more money on housing expense in order to get a lower quality of life? Rent. KlangFool As usual, KlangFool cuts right to the chase. You don't state the reasons why you want to buy a house. A lot of people get sucked into it because they feel it's something you're supposed to...

Derby

For the curious, it’s Mat Kearney. Missed the last time he was around, but wasn’t devastated or anything about it, which was another reason I gave pause this time around. Thanks for the advice so far with open expectations and concert-going. Thankfully, this isn't a budget-buster (tix+gas are less ...

Derby

DO IT! I've flown to another city, got picked up at airport, driven to restaurant near concert venue, ate, attended concert, slept at hotel near concert venue, then driven to airport. Back home in less than 24 hours. It was FANTASTIC! Yup, me too. More than once. :D OP, Remember that it's better to...

Derby

nisiprius wrote: ↑
Mon Dec 04, 2017 5:11 pm
And if you don't understand what an "oil-backed cryptocurrency" is, neither do I, and neither do the news organizations reporting on it.

And neither does Maduro. It's like one of his advisors said to him yesterday "PLASTICS."

Derby

[Post removed by admin LadyGeek]

Seriously. Some of the comments here (from the OP AND others) make me feel like I stumbled into a PUA/MRA forum. You clearly don't think of her as an equal partner. Do her a favor and break up with her.

Derby

********************************************************* just put it all into lifestrategy moderate growth, and be done with it for a few decades... if you dont want to ponder it further. Youll be fine. I've always thought that Lifestrategy funds were for investors who knew very little about inves...

Derby

I became interested in the Native Americans (Indian tribes) in the Americas so I went to Guatemala and Peru. I wanted to go to Mexico City to learn more about the Aztecs. I could not find any tour company willing to go to Mexico City. When I was there earlier one of the tour guides told me he was m...

Derby

This Oceanic B.U.D. https://www.oceanicworldwide.com/us/computers/bud/ is a little clip-on designed to be used as a back-up computer, but there's no reason at all why it wouldn't be suitable for the recreational diver who wants something small. It actually has a pretty impressive feature set.

Derby

OP--I didn't see that you answered the question of disability insurance. At your age, it arguably could be more important than having life insurance, since the odds of being disabled are greater than the odds of dying. What would happen to your family if you got into a car accident and weren't able ...

Derby

To anyone interested in learning more about this kind of investing, I highly recommend this book: https://www.amazon.com/gp/product/B01IW0G0S0 Investing in Real Estate Private Equity: An Insider’s Guide to Real Estate Partnerships, Funds, Joint Ventures & Crowdfunding Sean Cook is a pseudonym for an...

Derby

Another thumbs up for Gate1. I went as a solo traveler to Thailand and China. I would say the demo on those tours was more 40s and up. These tours were fairly active, so the 60+ crowd on them were not the same as the 60+ folks on a Carnival cruise, for instance. There's a lot of bang for the buck in...

Derby

Cash flow is not going to be ~500/month. He hasn't accounted for: vacancy, maintenance, capital expenditures or management.

Nope, nope, nope, nope, nope. This is a horrible idea. If he's not convinced, he should go to the library and pick up a few books on land lording first.

Derby

I use BackBlaze and I have been very happy with the service so far.

Derby

Second-, third-, and fourth-ing www.biggerpockets.com

They have some excellent free e-books, webinars, and podcasts, and that and the forums will teach you everything you need to know. (If I had discovered BP before I bought my rental condos, I never would have purchased them!

)

Derby

This excellent blog post https://pensionpartners.com/put-these-charts-on-your-wall/ covers statements such as: It can’t go to 0… Interest rates can’t possibly go any lower… Housing prices only go up… Waiting for a correction will surely enable you to buy in at a lower price… and a few others. Hilari...

Derby

I will second the recommendation to look around www.biggerpockets.com. Go to their education pages and read the free guides and blog posts. If you decide to get into RE, you'll be glad you got educated first. Full disclosure: I sold my rental condo last week...couldn't be happier to be done with it....

Derby

If neither bsteiner nor Gill is familiar with this, I'd be very, very nervous!

Derby

Yes, Roth 401ks are subject to RMDs, while Roth IRAs are not. I do not know why. But this is the reason it is recommended to roll over Roth 401ks when you leave an employer, even if you are leaving the 401k in place.

Derby

smitcat wrote:" I mean it's small fry in the grand scheme of things but if 30 billable hours got missed that's $10,500 in uncollected receivables."

I assume that is a typo ...

LOL, so you haven't hired an attorney lately, I presume?

Derby

If you Google "Roth Conversion Ladder", you'll find quite a few useful posts. Here's a good one to start with. http://rootofgood.com/roth-ira-conversi ... etirement/

Derby

Dominic wrote: With no dependents, disability insurance makes far more sense.

This x 1000. If all you have is human capital, you need to insure it. Given that you're more likely to be disabled young than die young, if you could only afford one, disability insurance is the better bet.

Derby

We had this type of rate many years ago when we lived in California. We ran the dishwasher and clothes dryer during off peak hours. We has a gas water heater, so that wasn't an issue. Also we lived on the coast where homes didn't need air conditioning, so we made out like bandits. Thanks PG&E. I li...

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