Search found 78 matches

by Ready3Retire
Mon Feb 19, 2018 10:49 pm
Forum: Personal Finance (Not Investing)
Topic: What has been your most important skill in achieving financial independence?
Replies: 164
Views: 10712

Re: What has been your most important skill in achieving financial independence?

Every year you get a raise, increase your savings rate by 1/3 to 1/2 the amount. This is a great way to avoid lifestyle creep and to get to max 401k & Roth contributions quicker.
by Ready3Retire
Mon Feb 19, 2018 10:27 pm
Forum: Personal Consumer Issues
Topic: $12,000 Refrigerator? [Looking in $7k price range]
Replies: 65
Views: 6577

Re: $12,000 Refrigerator? [Looking in $7k price range]

:oops: The big cost driver is whether the fridge is built in or not. We remodeled our kitchen in 2001 including a built in Kitchen Aid fridge (has cabinets all around). Our 17 year old fridge is now on the Fritz. Replacement Kitchen Aid that fits in the same space is $7k...about the cost of one year...
by Ready3Retire
Thu Feb 01, 2018 6:43 am
Forum: Investing - Help with Personal Investments
Topic: Muncipal Bond funds
Replies: 6
Views: 1089

Re: Muncipal Bond funds

Two I like are: FMHTX - Fido Mich Muni bond fund, and VWIUX Vang intermediate term muni bond fund. You can sell either whenever you want.
by Ready3Retire
Wed Jan 31, 2018 10:58 pm
Forum: Investing - Help with Personal Investments
Topic: I have an overwhelming gift I'm in need of help of please.
Replies: 89
Views: 7946

Re: I have an overwhelming gift I'm in need of help of please.

A similar thing happened to my wife and me a few years ago. What we chose to do was 1) deposit $200K in Vanguard- 50% VWIUX Limited term muni bond, 40% total us, 10% ex us;2) used remaining money to fund any shortfall from maxing out 401k and Roth’s each year; and 3) pay extra $500 on mortgage each ...
by Ready3Retire
Sat Jan 06, 2018 10:39 am
Forum: Investing - Help with Personal Investments
Topic: New tax plan-62 year old convert to Roth before RMD?
Replies: 31
Views: 2543

Re: New tax plan-62 year old convert to Roth before RMD?

Good discussion! New tax plan or old plan, using I-ORP to optimize tIRA to Roth conversions prior to RMDs is a great way to avoid paying extra taxes. :moneybag
by Ready3Retire
Fri Jan 05, 2018 7:49 pm
Forum: Forum Issues and Administration
Topic: Misuse of adverse when averse was meant
Replies: 145
Views: 6092

Re: Misuse of adverse when averse was meant

My personal pet peeve:

Regardless = word
Irrespective = word
Irregardless = not a word
by Ready3Retire
Thu Jan 04, 2018 11:18 pm
Forum: Personal Consumer Issues
Topic: Water filtration system - worth it?
Replies: 37
Views: 2809

Re: Water filtration system - worth it?

The two most significant things my family noticed when comparing a glass of water from the activated carbon filtered water vs non filtered tap water was the difference in chlorine odor and the improved taste. Suggest people look at their local municipality's water report before deciding whether to i...
by Ready3Retire
Wed Jan 03, 2018 1:22 pm
Forum: Personal Finance (Not Investing)
Topic: Roth IRA 5 year rule
Replies: 32
Views: 2105

Re: Roth IRA 5 year rule

Good information! I always thought one had to meet both the 59 1/2 year old requirement AND the 5 year requirement for tax/penalty free withdrawls. I guess I can stop creating separate Roth accounts for each calendar year... I'm up to 13 separate accounts so far (6 for her and 7 for him) :oops:
by Ready3Retire
Wed Jan 03, 2018 7:09 am
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation of recently acquired windfall
Replies: 12
Views: 929

Re: Asset Allocation of recently acquired windfall

One suggestion is to invest the $250K in the Fidelity New Jersey Muni Income fund (FNJHX). It has a rather high er of 0.47% but then again 6.37% state tax is rather high. Let's see what others think. Also, suggest using some of the $300K money to enable you to increase your Roth and 401K contributio...
by Ready3Retire
Tue Jan 02, 2018 10:21 pm
Forum: Personal Consumer Issues
Topic: Water filtration system - worth it?
Replies: 37
Views: 2809

Re: Water filtration system - worth it?

Agree with prior post. RO removes most of the beneficial minerals. Best bet for improved drinking/cooking/brewing (coffee & beer) water is an under counter 2 stage activated carbon water filter system. It removes most of the impurities but leaves the good minerals.
by Ready3Retire
Tue Jan 02, 2018 12:43 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 1752
Views: 312097

Re: What are you up YTD? [Year To Date]

If one is going to do rebalancing, then one is implicitly aware of performance.
Agree. For example, one may need to rebalance from cash to bonds today (e.g. BND/AGG). :)
by Ready3Retire
Wed Dec 27, 2017 10:08 pm
Forum: Investing - Theory, News & General
Topic: Muni Money Market funds starting to look good!
Replies: 75
Views: 11740

Re: Muni Money Market funds starting to look good!

Agree! I love my FMHTX Fidelity Michigan Muni Income Fund. Up over 4% YTD.
by Ready3Retire
Sun Dec 24, 2017 10:59 pm
Forum: Local Chapters and Bogleheads Community
Topic: My Christmas Present to You
Replies: 90
Views: 8455

Re: My Christmas Present to You

Taylor- thank you for the present that keeps on giving, and thank you for your service!!
by Ready3Retire
Tue Dec 19, 2017 12:53 pm
Forum: Investing - Help with Personal Investments
Topic: Portofolio Advice for wildly unbalanced portfolio 97/3
Replies: 25
Views: 1943

Re: Portofolio Advice for wildly unbalanced portfolio 97/3

Your wife can and should have a retirement account. Do a backdoor Roth for her.
Agree. Do one now for 2017, and one in January for 2018.
by Ready3Retire
Fri Dec 15, 2017 7:01 am
Forum: Personal Finance (Not Investing)
Topic: What is a Reasonable Retirement Cost of Living?
Replies: 47
Views: 5788

Re: What is a Reasonable Retirement Cost of Living?

Since my pension and 401k withdrawals will be pre tax, I prefer to use gross/pre-tax for estimating a retirement income target. Since I won't be making 401k contributions or paying FICA when I'm retired, I'm using my current gross less 401K contributions and FICA. So if someone is grossing $151,400 ...
by Ready3Retire
Sun Dec 10, 2017 9:03 pm
Forum: Personal Consumer Issues
Topic: Best Parmesan Cheese for Salad
Replies: 29
Views: 1782

Re: Best Parmesan Cheese for Salad

If you are looking for good Parmesan, get 24 month aged parmigiano-reggiano. It’s a little more expensive than 18 month but definitely tastes better.
by Ready3Retire
Mon Nov 27, 2017 8:45 pm
Forum: Investing - Help with Personal Investments
Topic: Can I afford a $1,400,000 house
Replies: 93
Views: 9243

Re: Can I afford a $1,400,000 house

Assets: $95K + $75K = $170K
Liabilities: $315K + $175K+ $25K = $515K

You are under water. Get your head above water, then think about a more expensive house.
by Ready3Retire
Fri Nov 10, 2017 6:29 pm
Forum: Personal Consumer Issues
Topic: 450,000 American Airlines MILES gifted to me - how to book
Replies: 25
Views: 2568

Re: 450,000 American Airlines gifted to me - how to book

If your uncle logs onto his AA account he can see when the miles expire. My American Airline account says my miles (46k currently) expire 18 months after the last activity. Any addition or use of the miles count as activity. He can buy a magazine subscription with the miles, or donate some miles to ...
by Ready3Retire
Fri Nov 10, 2017 6:09 pm
Forum: Personal Consumer Issues
Topic: Spam calls to cell phone...
Replies: 93
Views: 8079

Re: Spam calls to cell phone...

I added the App hiya this morning to my iPhone 6 based on a suggestion in this thread. I got my first spam call this afternoon and hiya identified it as robo call so I let it go to voice mail. So far, so good. :sharebeer
by Ready3Retire
Thu Nov 02, 2017 5:39 am
Forum: Investing - Help with Personal Investments
Topic: Asset allocation rebalancing
Replies: 9
Views: 1172

Re: Asset allocation rebalancing

Also, how are folks managing drawing down as a monthly salary in the most tax efficient manner?
Try this to determine optimal draw down strategy:

https://www.i-orp.com/delta/extended.html
by Ready3Retire
Sat Oct 14, 2017 12:47 pm
Forum: Personal Consumer Issues
Topic: Liability of phone conversations while my client is driving (and I am not in the car)?
Replies: 64
Views: 4608

Re: Liability of phone conversations while my client is driving (and I am not in the car)?

For an example, you're chatting away with a passenger while waiting for the green light on an on-ramp, or while just driving straight in your lane on a crowded freeway. When you accelerate down the ramp to merge, or start looking over your shoulder to change lanes, I think that passengers will unco...
by Ready3Retire
Fri Oct 06, 2017 5:32 am
Forum: Personal Consumer Issues
Topic: Steep Uneven Floor in an Old House
Replies: 26
Views: 1950

Re: Steep Uneven Floor in an Old House

Sounds like a situation my in laws had on their 1926 beach cottage a few years ago. Its build on sand about 50 feet above the Atlantic and had settled over the years - many of the windows could not be opened. They had a specialized contractor come in and screw a number of helical pilings into the gr...
by Ready3Retire
Sun Oct 01, 2017 1:18 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare Cost Estimate
Replies: 33
Views: 1795

Re: Medicare Cost Estimate

This too: Medicare Costs •Medicare Part A: Usually free in Retirement, funded by payroll taxes •Medicare Part B: Costs around $135 per month in 2017. This cost comes out of your social security paycheck. •Medicare Part D: Costs vary by state, but average $73 per month in 2017. •Part B and D policies...
by Ready3Retire
Sun Oct 01, 2017 1:13 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare Cost Estimate
Replies: 33
Views: 1795

Re: Medicare Cost Estimate

Thanks for the responses. Inputs for this were my and spouses current ages, current household income, and the state we plan to retire in. I put in other midwest states and the number only varied by a thousand or two. Initial income was $173K. I tried these variations: 1) dropped income to $150K and ...
by Ready3Retire
Sun Oct 01, 2017 10:35 am
Forum: Personal Finance (Not Investing)
Topic: Medicare Cost Estimate
Replies: 33
Views: 1795

Medicare Cost Estimate

I'm 57 and my spouse is 53 and I am (was?) planning to retire in 2 1/4 yrs (spouse isn't working). I thought I was well on track for this given I'll have a $64K annual pension when I retire and currently have $1.4M in 401K/tIRAs/Roths/after tax savings - 55/45 overall stock/bond. 2 kids should be on...
by Ready3Retire
Sat Sep 23, 2017 8:39 am
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation for mid 50 age group
Replies: 35
Views: 3295

Re: Asset Allocation for mid 50 age group

Currently 56 planning to retire at 59. Including 401ks, tIRAs, Roths, and after tax savings: 55% stock/45% bond. Also, I have a pension.
by Ready3Retire
Fri Sep 15, 2017 5:24 am
Forum: Personal Consumer Issues
Topic: Any Ford Escape drivers in Boglehead-land?
Replies: 23
Views: 2589

Re: Any Ford Escape drivers in Boglehead-land?

I drive a 2015 Escape FWD 1.6L turbo. I got a 3 year lease with 15K miles per year for $228/mo with $600 at signing. I average 26 mpg with mixed city/hwy driving. Very happy with it. I can fit my golf clubs in the back on the diagonal. I've had it just over 2 years (32k miles) and only had to do oil...
by Ready3Retire
Mon Jul 31, 2017 9:08 pm
Forum: Personal Consumer Issues
Topic: Florence Hotels.......
Replies: 25
Views: 1664

Re: Florence Hotels.......

We stayed at Hotel Pendini. It was recommended in Rick Steves book. Nothing fancy but adequate. Centrally located on Republican piazza. They had some old photos in the lobby of Hitler and Mussolini driving in a parade with the hotel in the background.
by Ready3Retire
Fri Jul 28, 2017 6:07 am
Forum: Personal Consumer Issues
Topic: Italy in August Trip (Rome, Florence, Venice)
Replies: 43
Views: 3165

Re: Italy in August Trip (Rome, Florence, Venice)

In 2015, I took my wife and 2 teenage boys to Rome (4 days), Tuscan agriturismo (4 days) and Florence (3 days). Everyone loved the trip. Favorites in each city were: ~2 hr bike tour in Rome around coliseum (used Viator), loved driving/biking around Tuscany and living at the working farm (olives, vin...
by Ready3Retire
Sat Jul 15, 2017 8:13 am
Forum: Investing - Theory, News & General
Topic: How are folks handling the unprecedented rise in the market ?
Replies: 166
Views: 20742

Re: How are folks handling the unprecedented rise in the market ?

Staying the course. I do however really enjoy the "triple whammy" days when domestic equities, int'l equities, and bonds are all up. I think we had 2 just this week.
by Ready3Retire
Sat Jul 15, 2017 8:04 am
Forum: Personal Finance (Not Investing)
Topic: Time to dump State Farm agent?
Replies: 25
Views: 2470

Re: Time to dump State Farm agent?

You should shop around for insurance at least every 2 years. If you find a better deal (equal or better coverage for less money) go with it even if it is not at the end of your policy. You will get refunded any balance. You will likely find a better deal because many insurance companies have teaser ...
by Ready3Retire
Sat Jul 15, 2017 7:54 am
Forum: Personal Finance (Not Investing)
Topic: Tips and advice from those who had their homes built
Replies: 13
Views: 1480

Re: Tips and advice from those who had their homes built

I have not built a house from scratch but have done major renovations - e.g. kitchen, baths. I'd recommend adding insulation on interior walls for soundproofing for bathrooms, bedrooms, laundry room. Also, go with solid doors vs hollow core doors for soundproofing for these areas.
by Ready3Retire
Wed Jun 28, 2017 11:10 am
Forum: Personal Finance (Not Investing)
Topic: How many "accounts" do you maintain at your investment firm?
Replies: 31
Views: 2131

Re: How many "accounts" do you maintain at your investment firm?

In a (misguided?) effort to make bookkeeping easier, I have his and her Roths for calendar years 2013, 2014, 2015, 2016, and 2017. These are in addition to 529s for each child, her individual, his individual, joint, his tIRA, and her 403B.
by Ready3Retire
Tue Jun 06, 2017 5:32 am
Forum: Personal Finance (Not Investing)
Topic: Trip to Ireland/Amex/Visa/Do I need a card with no foreign tx fee?
Replies: 22
Views: 1583

Re: Trip to Ireland/Amex/Visa/Do I need a card with no foreign tx fee?

> I am intended to convert about $300-$500 in USD to Euros prior to the trip at local BigBank, where I bank. It's unlikely you will get a good exchange rate in the US. I usually get euros from a bank machine when I arrive. +1. Open a Schwab checking account and use the debit card to w/d Euros from ...
by Ready3Retire
Fri May 26, 2017 6:04 am
Forum: Personal Consumer Issues
Topic: Plumbing issue
Replies: 6
Views: 1283

Re: Plumbing issue

My guess is that you have some minor water hammer - that is, the same physical process as water hammer but not enough to make the water hammer noise. Easy enough to confirm: 1. Turn off water supply at the meter. 2. Open 2-3 faucets on each level of house. 3. When water stops draining out of faucet...
by Ready3Retire
Sat May 13, 2017 8:37 am
Forum: Investing - Theory, News & General
Topic: Confirm Withdrawl Strategy
Replies: 17
Views: 1979

Re: Confirm Withdrawl Strategy

Makes good sense to me as well. Not to steal your thread but what if someone is already above or near 15% tax brkt cap due to a pension for example. Does the same logic hold - i.e. Do Roth conversion to top of 25% brkt?
by Ready3Retire
Fri May 12, 2017 5:00 am
Forum: Investing - Help with Personal Investments
Topic: Novice portfolio & plan help - plus investing a windfall
Replies: 13
Views: 1194

Re: Novice portfolio & plan help - plus investing a windfall

Maybe I missed it but if I had a HELOC with a $5K balance at 4.5%, I'd pay that off as well.
by Ready3Retire
Sat Apr 15, 2017 10:54 am
Forum: Personal Consumer Issues
Topic: Downgrading Comcast (with no other competition)
Replies: 36
Views: 4083

Re: Downgrading Comcast (with no other competition)

Wonder if I can try the same thing in-store (to reduce my wait time)? Just walk out if they call the bluff and call instead? Suggest you call in. There will be very little wait time when you tell them you want to cancel your service. Also, you will likely get a US operator vs a Philippines call cen...
by Ready3Retire
Sat Apr 15, 2017 7:19 am
Forum: Personal Consumer Issues
Topic: Downgrading Comcast (with no other competition)
Replies: 36
Views: 4083

Re: Downgrading Comcast (with no other competition)

I suggest you get the details of the AT&T offer that is available to your neighbors down the street. Then call Comcast and tell them you want to cancel. Do not say you are looking to lower your cost, etc. When you tell them you want to cancel, they will ask why. Tell them you are not happy with Comc...
by Ready3Retire
Fri Feb 10, 2017 12:52 pm
Forum: Personal Consumer Issues
Topic: Terrible negotiator - need help with words to use [Buying a car]
Replies: 103
Views: 9641

Re: Terrible negotiation - need help with words to use [Buying a car]

Also, be wary of all the extras they try to sell you - undercoating, wheel insurance, etc. Decide ahead of time if you need any of these. They will use fear tactics like telling you how bad the roads are in your area.
by Ready3Retire
Sat Jan 07, 2017 9:58 am
Forum: Investing - Help with Personal Investments
Topic: Just retired-requesting portfolio reallocation advice
Replies: 53
Views: 5352

Re: Just retired-requesting portfolio reallocation advice

I do have a question about why the Fidelity manager insists that a mutual fund portfolio, especially index funds, needs to be actively managed and reallocated many times a year.
A: So Fidelity can earn 0.3% to 0.5% of your assets per year.
by Ready3Retire
Sun Jan 01, 2017 11:14 am
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 1752
Views: 312097

Re: What are you up YTD? [Year To Date]


If I include my total portfolio growth, which includes "human capital", I am up bigly -- 212%!
Wow, that is Big League! :wink:
I'm up 6.72% in my 65/35 401K, and 5.9% in 50/50 Vanguard after tax.
by Ready3Retire
Sun Jan 01, 2017 10:51 am
Forum: Personal Finance (Not Investing)
Topic: Requesting a Leave of Absence
Replies: 25
Views: 2322

Re: Requesting a Leave of Absence

The problem with taking a leave of absence is that it raises red flags for future job opportunities. +1. One other option to consider is you could find a new job and negotiate a start date that allows a X week/month gap after the end date at current job. This would give you time to recharge and add...
by Ready3Retire
Sun Dec 04, 2016 9:49 am
Forum: Personal Consumer Issues
Topic: Need advice on a ski location
Replies: 28
Views: 3475

Re: Need advice on a ski location

I would give a lot of priority to picking some place you can get a direct flight to. The more connections you have the more chance you will have a problem with a cancelled flight or a missed connection. Totally agree with Watty's advice. Most decent ski resorts will meet most of your reqmnts - hote...
by Ready3Retire
Fri Nov 25, 2016 3:16 pm
Forum: Investing - Help with Personal Investments
Topic: Tax-loss harvesting tax-exempt funds
Replies: 12
Views: 2916

Re: Tax-loss harvesting tax-exempt funds

Does it even make sense to TLH all $500k? That would take 166 years at $3,000 per year :confused
by Ready3Retire
Thu Sep 15, 2016 5:45 am
Forum: Personal Consumer Issues
Topic: Which city for part time home during retirement?
Replies: 86
Views: 7623

Re: Which city for part time home during retirement?

How about Ft. Collins, CO, or Nashville, TN?
by Ready3Retire
Thu Aug 04, 2016 10:20 pm
Forum: Personal Consumer Issues
Topic: Florence, Italy Hotel?
Replies: 18
Views: 1227

Re: Florence, Italy Hotel?

PS. Do the Uffizi. Skip the David Museum. The later has little more worth seeing other than the David. The Uffizi has hundreds of years of art, sculptures etc worth seeing. My opinion.
by Ready3Retire
Thu Aug 04, 2016 10:15 pm
Forum: Personal Consumer Issues
Topic: Florence, Italy Hotel?
Replies: 18
Views: 1227

Re: Florence, Italy Hotel?

+1 on hotel pendini. StAyed there in 2015. Had 2 room suite. Not the Ritz but a solid clean hotel by Euro stds. Right in the center of Florence. Awesome photos in lobby from the 40's. My favorite was Hitler and Mousilini (sp?) driving thru the Piazza with the hotel in the background.
by Ready3Retire
Wed May 25, 2016 5:45 am
Forum: Personal Consumer Issues
Topic: Listening to tunes while exercising
Replies: 29
Views: 3142

Re: Listening to tunes while exercising

While jogging with earbuds, I almost ran into the path of a moving car (I jog on residential roads). So, I got this Backberry Wearable bluetooth speaker and transmitter. It is heavily discounted on eBay (86% off :shock: ) and available for $11.99 including shipping. The sound quality is much better ...
by Ready3Retire
Sat Apr 09, 2016 8:27 am
Forum: Personal Finance (Not Investing)
Topic: Job Offer in Hand, Delaying Notice
Replies: 42
Views: 4670

Re: Job Offer in Hand, Delaying Notice

Give 2 weeks notice. Are you concerned they will walk you out the door since you are going to a competitor? Most ethical companies will continue to pay you for 2 wks if this were to happen.