Search found 1111 matches

by 2pedals
Mon May 25, 2020 6:32 pm
Forum: Personal Finance (Not Investing)
Topic: The axe falls and I am prepared. What's next?
Replies: 300
Views: 20545

Re: The axe falls and I am prepared. What's next?

pwill112 wrote:
Mon May 25, 2020 6:23 pm
2. When you estimated Social Security how did you account for potentially zero earnings for you from now until drawing down SS? Won't that lower your payouts? Is there a calculator or website for such?
https://ssa.tools/calculator.html
by 2pedals
Sun May 24, 2020 10:28 pm
Forum: Personal Consumer Issues
Topic: Bicycle Recommendation?
Replies: 34
Views: 2497

Re: Bicycle Recommendation?

2x over your price range but the REI co-op CTY 3.1 should be a solid bike. I have an older steel REI Novara bike before they changed their brand name to co-op and it has held up extremely well.

https://www.rei.com/product/121586/co-o ... ty-31-bike
by 2pedals
Sat May 23, 2020 9:49 am
Forum: Investing - Theory, News & General
Topic: What to expect from Stable Value funds (Yield) in the immediate future?
Replies: 7
Views: 706

Re: What to expect from Stable Value funds (Yield) in the immediate future?

My experience with the one in my 401k plan, the yield will drop slowly overtime but they are also slow to go up. They may drop so slowly that when banks, high yield money markets and CDs go back up you will done well. In general it is almost always higher even if it drops.
by 2pedals
Sat May 23, 2020 9:32 am
Forum: Personal Consumer Issues
Topic: Hertz is declaring bankruptcy
Replies: 62
Views: 5786

Re: Hertz is declaring bankruptcy

That's gotta hertz!
by 2pedals
Fri May 22, 2020 11:43 pm
Forum: Personal Finance (Not Investing)
Topic: The axe falls and I am prepared. What's next?
Replies: 300
Views: 20545

Re: The axe falls and I am prepared. What's next?

ram, There should be opportunities for me. But, it may not be worthwhile for me to take it. Those are the questions that I am trying to work out. KlangFool I am sorry that this has happened. I think you are in a decent financial situation and you can do what whatever you want. I think you need to d...
by 2pedals
Fri May 22, 2020 2:24 pm
Forum: Personal Investments
Topic: Should We Our Shorten Bond Duration?
Replies: 43
Views: 2516

Re: Should We Our Shorten Bond Duration?

I think you have a valid concern. As a recent retiree in the go-go years with more discretionary spending now prior to pre social security, my max draw downs will be within the next several years. I don't like yield curve and environment today. If bond yields go higher the current prices for bond fu...
by 2pedals
Thu May 21, 2020 8:38 pm
Forum: Investing - Theory, News & General
Topic: Who's right about the future? Stock or Bond market?
Replies: 50
Views: 4410

Re: Who's right about the future? Stock or Bond market?

Stock market is based on optimism. Bond market is based on rationalism. If you want to know which companies survive, go look at their bonds. Not the bond ratings - ratings are like opinions, everyone has one but their track record shows even they don't call the outcomes precisely. Precisely? Hertz ...
by 2pedals
Thu May 21, 2020 4:42 pm
Forum: Personal Consumer Issues
Topic: Do you dislike recurring billing for gyms?
Replies: 68
Views: 3395

Re: Do you dislike recurring billing for gyms?

I have a fitness network offered through my health insurance. I autopay with my credit card. I can pause or cancel my membership with a simple phone call. The network includes the local community fitness centers, LA Fitness, Planet Fitness, 24 hour fitness, Anytime Fitness and others. I can go to an...
by 2pedals
Thu May 21, 2020 4:00 pm
Forum: Investing - Theory, News & General
Topic: Who's right about the future? Stock or Bond market?
Replies: 50
Views: 4410

Re: Who's right about the future? Stock or Bond market?

Who is right? Either one, a little of both or nobody, I can't say. I wouldn't try too hard measuring to speculate, the future is unknown. If you are uncomfortable maybe you need to secure an income stream and/or buy an immediate annuity.
by 2pedals
Mon May 18, 2020 10:57 pm
Forum: Investing - Theory, News & General
Topic: Social Security is an asset....yet again
Replies: 129
Views: 5687

Re: Social Security is an asset....yet again

Folks may or may not want to count that asset as part of your asset allocation for investing purposes. That doesn't mean it's not an asset. Many people are content with thinking it as an income stream only. It helps to look at the income stream for planning purposes. Achieving a desired income strea...
by 2pedals
Sun May 17, 2020 4:48 pm
Forum: Personal Finance (Not Investing)
Topic: Thinking of buying a boat during pandemic – am I CRAZY?
Replies: 80
Views: 5324

Re: Thinking of buying a boat during pandemic – am I CRAZY?

We recently bought a new lakeside house, and I have been wanting a boat for a *long long* time. <---- snip ----> Life is short, kids growing up. Wanted this for a long time. <---- snip ----> No you should not be buying a boat. You should be buying boats . I would get a daysailor, a row boat, a runa...
by 2pedals
Sat May 16, 2020 11:28 pm
Forum: Personal Finance (Not Investing)
Topic: Does Delaying Social Security Deliver an 8% Return?
Replies: 92
Views: 7422

Re: Does Delaying Social Security Deliver an 8% Return?

We both plan to take SS at the earliest we can. Here are some of the reasons: Payments are based on mortality tables which the government watches and maintains with a keen eye We opted for our company’s lump sum versus annuity. By retiring early, our lump sum was reduced by 1/2 the percent our annu...
by 2pedals
Sat May 16, 2020 8:30 pm
Forum: Personal Finance (Not Investing)
Topic: Pay off Tesla as Planned or Keep Cash for Covid Uncertainty?
Replies: 62
Views: 3726

Re: Pay off Tesla as Planned or Keep Cash for Covid Uncertainty?

Unless you have other equity investments and have proven to be a saver, I would sell the car and get a lightly used Camry or Corolla. I would advise you to somehow get in the habit of saving, it a very long term commitment. Also, we don't know how long this madness will last and impact your family i...
by 2pedals
Sat May 16, 2020 7:17 pm
Forum: Personal Consumer Issues
Topic: How did you feel after giving notice to retire?
Replies: 52
Views: 4286

Re: How did you feel after giving notice to retire?

I have been retired for about a year and a half now. The feelings are changing all the time. Approximately more than 80% of the time I am very happy now even during the lock-down. When I was working the last few years, I was happy maybe 25% of the time. It certainly was time for me to leave Mega cor...
by 2pedals
Thu May 14, 2020 11:10 am
Forum: Personal Consumer Issues
Topic: Dentist charges $10 for PPE
Replies: 234
Views: 10751

Re: Dentist charges $10 for PPE

michaeljc70 wrote:
Thu May 14, 2020 10:33 am
Personally, I would wait for a cleaning as it isn't that important given what is going on.
..... but waiting for someone with periodontal disease may lead to very high expenses due to gum disease and associated issues in the future.
by 2pedals
Wed May 13, 2020 5:29 pm
Forum: Personal Finance (Not Investing)
Topic: Turning 30. Living 30s without regrets
Replies: 87
Views: 9410

Re: Turning 30. Living 30s without regrets

Time is money, but money can’t buy time. You can use time to make more money but it does work well the other way around. You can't buy 5 more years if your time is up but it can change your lifestyle while you are alive. Everybody gets an unknown allotment of time in life. Use time wisely. You can'...
by 2pedals
Wed May 13, 2020 3:48 pm
Forum: Personal Consumer Issues
Topic: Dentist charges $10 for PPE
Replies: 234
Views: 10751

Re: Dentist charges $10 for PPE

It seems you should have received the PPE at the end of the visit since you were charged for it. Maybe you should ask for the PPE that you paid for so you can clean it and save it for the next visit? :twisted:
by 2pedals
Wed May 13, 2020 3:37 pm
Forum: Personal Finance (Not Investing)
Topic: Turning 30. Living 30s without regrets
Replies: 87
Views: 9410

Re: Turning 30. Living 30s without regrets

Time is money, but money can’t buy time. You can use time to make more money but it does work well the other way around. You can't buy 5 more years if your time is up but it can change your lifestyle while you are alive. Everybody gets an unknown allotment of time in life. Use time wisely.
by 2pedals
Wed May 13, 2020 12:20 pm
Forum: Personal Finance (Not Investing)
Topic: Turning 30. Living 30s without regrets
Replies: 87
Views: 9410

Re: Turning 30. Living 30s without regrets

I am retired and 60 yo but I would say at whatever age the following would always apply.

Set a very big dream or dreams of who you want to be. Partially lose your mind and create a new mind that will allow you to achieve your dream and become that person.
by 2pedals
Tue May 12, 2020 9:50 pm
Forum: Personal Finance (Not Investing)
Topic: Should you include home equity in Net Worth?
Replies: 160
Views: 7597

Re: Should you include home equity in Net Worth?

What is the purpose of calculating your net worth? If you are trying determine if you have saved enough for retirement such as 25x or 30x spending I would generally not. If you are certain that you will be selling and moving to a lower cost of living area from a HCOL area with a significant differen...
by 2pedals
Tue May 05, 2020 12:07 pm
Forum: Personal Investments
Topic: Tell me what I don't know about retirement?
Replies: 55
Views: 4864

Re: Tell me what I don't know about retirement?

Listen to the podcasts from "The Retirement Answer Man". I have just started listening and just love his podcasts.

https://www.rogerwhitney.com/
by 2pedals
Mon May 04, 2020 6:29 pm
Forum: Personal Finance (Not Investing)
Topic: Graph of how SS benefits can change with decreases in 2020 national wages for one born in 1960
Replies: 59
Views: 4538

Re: Graph of how SS benefits can change with decreases in 2020 national wages for one born in 1960

All, thank you for sharing this information. I had no idea that SSI bend points are calculated based on NAWI at age 60 this way. :shock: :shock:
by 2pedals
Mon May 04, 2020 2:47 pm
Forum: Personal Consumer Issues
Topic: terro ant treatment
Replies: 34
Views: 1810

Re: terro ant treatment

My experience, Terro works but it can take a while. It doesn't seem to kill them off completely. Then they can come back again after several weeks. I tried a different product this year called OptigardAnt Bait Gel by Syngenta. OptigardAnt appeared to be more powerful with a thicker gel and so far th...
by 2pedals
Mon May 04, 2020 9:09 am
Forum: Personal Investments
Topic: Stable bond or move to 401k
Replies: 3
Views: 287

Re: Stable bond or move to 401k

anon_investor and retired@50, thanks you for the input and reassurance. In 6 months or a year the rates might change but it's nice to have a fund that holds steady in troubling times. I am not sure if I will ever want to drop and 401k stable value in it's entirety. It is a big portion of my invested...
by 2pedals
Sun May 03, 2020 10:40 pm
Forum: Personal Investments
Topic: Buy Home for Virus-Isolation, Tax Reduction, and Possible Rental
Replies: 14
Views: 1611

Re: Buy Home for Virus-Isolation, Tax Reduction, and Possible Rental

Why does this give you any more safety or tax advantage than you already have? Paying the mortgage with IRA withdrawals sets up a tax deduction which should help cancel out the tax due on the withdrawals. My understanding is your mortgage interest and taxes is deductible but with a 300k loan you wi...
by 2pedals
Sun May 03, 2020 9:57 pm
Forum: Personal Investments
Topic: Stable bond or move to 401k
Replies: 3
Views: 287

Stable bond or move to 401k

About two years ago when planning for retirement, my investment policy statement stated to consolidate my accounts in 2020 and move my mega corp 401k plan amounts from stable value to a fidelity tIRA and purchase about 50% intermediate bonds and 50% TIPS mutual funds with the proceeds. I have about ...
by 2pedals
Sat May 02, 2020 5:56 pm
Forum: Personal Investments
Topic: It seems the writing is on the wall...question about cash allocation
Replies: 17
Views: 1932

Re: It seems the writing is on the wall...question about cash allocation

If the writing is on the wall, it would have been too late already.
by 2pedals
Sat May 02, 2020 1:28 pm
Forum: Personal Consumer Issues
Topic: Neighbor’s contractor wants to access our property
Replies: 158
Views: 16223

Re: Neighbor’s contractor wants to access our property

What's stopping them placing a portable restroom in your yard, deck or patio? :shock:
by 2pedals
Sat May 02, 2020 11:30 am
Forum: Personal Consumer Issues
Topic: Neighbor’s contractor wants to access our property
Replies: 158
Views: 16223

Re: Neighbor’s contractor wants to access our property

It might be a ploy to get the neighbor to pay more for the job if property access is not allowed. No way would I sign that.
by 2pedals
Fri May 01, 2020 10:18 am
Forum: Investing - Theory, News & General
Topic: Getting Motivated To Do Roth Conversions
Replies: 5
Views: 583

Re: Getting Motivated To Do Roth Conversions

i am doing partial Roth conversions. The question to do or not to do was easy for me. The hard part is how much and when.
by 2pedals
Wed Apr 29, 2020 10:52 pm
Forum: Personal Investments
Topic: Recent Retiree using rising equity glide path - only increase equity during crashes?
Replies: 41
Views: 2255

Re: Recent Retiree using rising equity glide path - only increase equity during crashes?

If your current bond+MM+cash amounts covers your 7 years of living expenses and SS covers you from then on, in my opinion you can stop worrying about SOR and AA. Your AA can be anything you want be (80/20 or 20/80 is fine) as long as you are happy with it and can sleep well at night. I plan on letti...
by 2pedals
Wed Apr 29, 2020 10:55 am
Forum: Personal Finance (Not Investing)
Topic: Podcast - Wade Pfau: The 4% Rule Is No Longer Safe
Replies: 162
Views: 10091

Re: Podcast - Wade Pfau: The 4% Rule Is No Longer Safe

I don't like the term safe withdrawal rate (SWR), it over simplifies a complex concern for a rule thumb methods used for retirement planning. Nothing is truly safe with a fixed blind withdrawal when you are in retirement. I wish the financial experts never called it (SWR). Maybe it should be called ...
by 2pedals
Mon Apr 27, 2020 8:48 pm
Forum: Personal Investments
Topic: Why am I even saving for retirement?
Replies: 223
Views: 19828

Re: Why am I even saving for retirement?

When you reach retirement age, you will not have the same inclinations that will satisfy yours and DWs happiness tickle. Early retirement may lead to a lot of free time, several expensive travel trips and experiences, luxury items, nice toys and much higher tax bills. It is very hard to plan for dis...
by 2pedals
Wed Apr 22, 2020 4:27 pm
Forum: Personal Investments
Topic: Retirees: Walk me thru your portfolio drawdown process
Replies: 39
Views: 3599

Re: Retirees: Walk me thru your portfolio drawdown process

We retired about a year and half ago, currently ages 60 and 58. After we decided how much partial Roth conversions to do for the next few years and settling in with an initial AA of 55 bonds and 45 stocks (currently ~ 50/50 AA) and our withdrawal process has been non-eventful. We have a significant ...
by 2pedals
Sun Apr 19, 2020 7:55 pm
Forum: Investing - Theory, News & General
Topic: Cons of i bonds?
Replies: 70
Views: 6168

Re: Cons of i bonds?

Also they can not be placed in tax-deferred of nontaxable accounts. I am planning on selling them soon after I do some partial Roth conversions. I didn't pay taxes on I bonds or EE bonds yet for years and they are maturing now. This has increased my taxable income making strategic Roth conversions ...
by 2pedals
Sun Apr 19, 2020 7:20 pm
Forum: Investing - Theory, News & General
Topic: Cons of i bonds?
Replies: 70
Views: 6168

Re: Cons of i bonds?

Also they can not be placed in tax-deferred of nontaxable accounts. I am planning on selling them soon after I do some partial Roth conversions. I didn't pay taxes on I bonds or EE bonds yet for years and they are maturing now. This has increased my taxable income making strategic Roth conversions ...
by 2pedals
Sun Apr 19, 2020 5:47 pm
Forum: Personal Investments
Topic: I'm out [of the market]
Replies: 109
Views: 11835

Re: I'm out [of the market]

So Friday I decided to pull the plug and sold all stock and bound funds and put it in prime money mkt. Of course my Vanguard advisor discouraged me from taking this action. I had been invested in approx. 33% cash, 33% bonds, and 33%funds. Down approx 6% this year. The way I look at it is my wife an...
by 2pedals
Fri Apr 17, 2020 1:14 pm
Forum: Investing - Theory, News & General
Topic: Future 60/40 Portfolio has a 43% Chance of Failing with 4% Withdrawal Rate
Replies: 622
Views: 31394

Re: Future 60/40 Portfolio has a 43% Chance of Failing with 4% Withdrawal Rate

"but the SS Administration has already stated that SS benefits will be cut by about 20% by around 2034 when the trust fund is exhausted." Actually what it says on your SS statement as published by the SS.gov site is this: *Your estimated benefits are based upon current law. Congress has made change...
by 2pedals
Fri Apr 17, 2020 12:59 pm
Forum: Personal Consumer Issues
Topic: Runners -Anyone use the old fashion Shoe Goo??
Replies: 30
Views: 1385

Re: Runners -Anyone use the old fashion Shoe Goo??

Starting out running in the late 70s, Shoe Goo was popular to extend the life of a shoe. Could get Shoe Goo at the running stores. Now need to go to Walmart. I mention it at the running stores, and they do not like to discuss it. These days the foam wears out long before the outsole unless you are ...
by 2pedals
Thu Apr 16, 2020 6:20 pm
Forum: Investing - Theory, News & General
Topic: Future 60/40 Portfolio has a 43% Chance of Failing with 4% Withdrawal Rate
Replies: 622
Views: 31394

Re: Future 60/40 Portfolio has a 43% Chance of Failing with 4% Withdrawal Rate

Don't you have any proof from someone more neutral than Wade Pfau, who seems to spend his online presence either pushing his annuities theories, his books, or his availability for speeches? An ad hominem attack. How nice. You could investigate the references in his paper if you want to follow the l...
by 2pedals
Wed Apr 15, 2020 7:28 pm
Forum: Investing - Theory, News & General
Topic: Future 60/40 Portfolio has a 43% Chance of Failing with 4% Withdrawal Rate
Replies: 622
Views: 31394

Re: Future 60/40 Portfolio has a 43% Chance of Failing with 4% Withdrawal Rate

vineviz wrote:
Wed Apr 15, 2020 4:29 pm
Raybo wrote:
Wed Apr 15, 2020 4:27 pm
How many of them fail at 30 year horizons?
About 79%.
21% fail over 30 years rather than 43% over 35 years, right?
by 2pedals
Wed Apr 15, 2020 7:24 pm
Forum: Investing - Theory, News & General
Topic: Future 60/40 Portfolio has a 43% Chance of Failing with 4% Withdrawal Rate
Replies: 622
Views: 31394

Re: Future 60/40 Portfolio has a 43% Chance of Failing with 4% Withdrawal Rate

As far as I know their is no reason to use a fixed withdrawal rate in retirement. 4% (25x spending, 1m * 0.04=40k, 40k * 25 = 1m) has been used as retirement rule of thumb method to help people decide if they have saved enough. If one is conservative on the spending side (assume you want more than y...
by 2pedals
Wed Apr 15, 2020 7:02 pm
Forum: Investing - Theory, News & General
Topic: Cons of i bonds?
Replies: 70
Views: 6168

Re: Cons of i bonds?

I have found them to be a hassle. Dealing with TD and setting up joint ownership with my wife and heirs does not work. I Bonds can be jointly owned, or they can be registered in POD form, but not both; only sole owners can designate a POD beneficiary. I don't want DW and/or DD to have to deal with p...
by 2pedals
Wed Apr 15, 2020 2:57 pm
Forum: Investing - Theory, News & General
Topic: Why is the market reacting poorly to plunging retail sales and manufacturing today?
Replies: 32
Views: 2395

Re: Why is the market reacting poorly to plunging retail sales and manufacturing today?

Priced in?
Does anybody know for sure until after everything plays out? Sometimes it is and sometimes it isn't.
by 2pedals
Wed Apr 15, 2020 12:42 pm
Forum: Investing - Theory, News & General
Topic: Do I really need an Annuity? I have 40% Bonds
Replies: 43
Views: 2322

Re: Do I really need an Annuity? I have 40% Bonds

Wade Pfau has an excellent book. He talks about using stocks and immediate annuities (among other insurance products rather than bonds) for longevity insurance. See the book called "Safety-First Retirement Planning: An Integrated Approach for a Worry-Free Retirement (The Retirement Researcher Guide ...
by 2pedals
Tue Apr 14, 2020 5:08 pm
Forum: Personal Finance (Not Investing)
Topic: How many paid for kids' college?
Replies: 282
Views: 13463

Re: How many paid for kids' college?

It's is all up to you how much you are willing to pay for your kid. I don't think this is a black or white answer, many different shades of gray are available. My father said I wasn't worth the extra amount above and beyond the cost of the flagship state university. My dad said my older brother was...
by 2pedals
Tue Apr 14, 2020 3:58 pm
Forum: Personal Finance (Not Investing)
Topic: How many paid for kids' college?
Replies: 282
Views: 13463

Re: How many paid for kids' college?

It's is all up to you how much you are willing to pay for your kid. I don't think this is a black or white answer, many different shades of gray are available. My father said I wasn't worth the extra amount above and beyond the cost of the flagship state university. My dad said my older brother was ...
by 2pedals
Mon Apr 13, 2020 6:35 pm
Forum: Investing - Theory, News & General
Topic: What in the world is propping up this market?
Replies: 206
Views: 20748

Re: What in the world is propping up this market?

Sometimes I sleep well at night propped up. :wink:
by 2pedals
Sun Apr 12, 2020 11:29 am
Forum: Personal Investments
Topic: Your withdrawal plan
Replies: 13
Views: 772

Re: Your withdrawal plan

You both might want to read the following books by Wade Pfau

https://retirementresearcher.com/books/

1) How Much Can I Spend in Retirement?: A Guide to Investment-Based Retirement Income Strategies
2) Safety-First Retirement Planning: An Integrated Approach for a Worry-Free Retirement
by 2pedals
Sat Apr 11, 2020 9:07 pm
Forum: Personal Investments
Topic: How often is there a Bear Trap rally?
Replies: 35
Views: 2850

Re: How often is there a Bear Trap rally?

mathguy3021 wrote:
Sat Apr 11, 2020 8:36 pm
.<--snip-->.... No one should take advice from non professional investors writing their opinions on this forum. ...<--snip-->
Some of the best advice I have had is from non professional Bogleheads rather than professional investors that do not have my interests at heart.