Search found 721 matches

by burt
Mon Jul 22, 2019 7:09 am
Forum: Personal Finance (Not Investing)
Topic: When family members fight over the check when out to eat
Replies: 101
Views: 6812

Re: When family members fight over the check when out to eat

Sometimes I get to the restaurant early and ask the waiter to please bring the bill to me.
by burt
Thu Jul 18, 2019 2:06 pm
Forum: Personal Consumer Issues
Topic: replacing mulch bed recommendations
Replies: 34
Views: 2050

Re: replacing mulch bed recommendations

Interesting that you brought this subject up, as I met with a landscape designer yesterday. We bought an 60's vintage house 3 years ago (Michigan) and the front yard and flower beds looked OK at time of purchase. 2 years later the front yard looked like a chemical waste dump. Dead grass and weeds we...
by burt
Thu Jul 11, 2019 6:37 am
Forum: Personal Investments
Topic: Poorly Managed
Replies: 25
Views: 2127

Re: Poorly Managed

I wish I could tell you. I had the same experience with a relative who happily hands over 1.5% to an advisor for mediocre expensive funds. I presented the simple obvious math, and it had no impact at all. Same experience with my relative. He would rather continue to get ripped off, than admit he wa...
by burt
Sat Jul 06, 2019 5:35 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Union paid out on a stopped check from 2017
Replies: 32
Views: 1936

Re: Credit Union paid out on a stopped check from 2017

dm200 wrote:
Sat Jul 06, 2019 9:31 am
I am in this business - and it is correct that a stopped payment is only good for six months.
That is absolutely remarkable!
Kind of like a recurring charge for a magazine subscription...even if you cancel the credit card.....charge goes to the new card.
How can this happen? (I think I know how).
by burt
Fri Jul 05, 2019 5:30 pm
Forum: Personal Finance (Not Investing)
Topic: Would we regret buying a 2nd home?
Replies: 90
Views: 7939

Re: Would we regret buying a 2nd home?

I live up north and we have a winter home in west palm beach in a golf country club. Use it 5 months out of the year. Love it. If the money was an issue I wouldn’t have bought it. I suggest the same for you. I agree. I'm guessing you don't mow the yard, snake out clogged drains and mop the floors.
by burt
Fri Jul 05, 2019 7:07 am
Forum: Personal Finance (Not Investing)
Topic: Would we regret buying a 2nd home?
Replies: 90
Views: 7939

Re: Would we regret buying a 2nd home?

My brother sold his lake home after owning it for 10 years.
He mentioned that the "visitors" were sad to see it go, but he is elated.
He spent more hours maintaining it, than enjoying it.
by burt
Wed Jul 03, 2019 6:00 am
Forum: Personal Investments
Topic: Do Target Date Retirement Funds Have a Down Side?
Replies: 29
Views: 3217

Re: Do Target Date Retirement Funds Have a Down Side?

If you are someone who knows very little about investing, find the topic extremely boring, and have no desire to put in time to learn this topic, then target dated funds are an EXCELLENT choice and you will likely have better returns than the majority of investors over the long term. In my opinion,...
by burt
Thu Jun 27, 2019 6:15 am
Forum: Personal Finance (Not Investing)
Topic: Aging Parents & Finances
Replies: 49
Views: 5833

Re: Aging Parents & Finances

Quality of care seems to relate more strongly to how frequently a resident is visited than to how much the resident is paying. I agree 100%. I am so thankful for a sister who lived nearby and visited our Mother 3-4 times per week. This was a "nice" facility. Mom had a private room and was able to p...
by burt
Wed Jun 19, 2019 6:52 am
Forum: Personal Finance (Not Investing)
Topic: With hindsight, what signs indicated you were about to lose your job?
Replies: 127
Views: 11801

Re: With hindsight, what signs indicated you were about to lose your job?

True story. Years ago, we had significant layoffs in my organization. I didn’t get hit, but many did. Funny thing is, a month or so before layoffs, copies of “Who Moved My Cheese?“ started appearing on the break room tables. 😂 Same here. We actually had team meetings to discuss "Who Moved My Cheese...
by burt
Sat Jun 15, 2019 5:14 pm
Forum: Personal Consumer Issues
Topic: The Upper Peninsula (UP) in August....What to do, Where to stay?
Replies: 36
Views: 2702

Re: The Upper Peninsula (UP) in August....What to do, Where to stay?

I might recommend Houghton/Hancock in the Keweenaw Peninsula. Home of Michigan Technological University. Previously known as the Michigan School of Mines. The Portage Canal separates Houghton and Hancock with beautiful views from both sides of the canel. The best Sub sandwich I've ever had after 40 ...
by burt
Fri May 31, 2019 5:16 pm
Forum: Personal Consumer Issues
Topic: Windows 10 - May 2019 Update (1903)
Replies: 42
Views: 3710

Re: Windows 10 - May 2019 Update (1903)

Problems with the update on two home laptops. Spouse has problems with intermittent wireless connectivity. Web search indicates others with the same problem. Advised to download the latest driver from the OEM website. OEM website doesn't have an update (Lenovo). I get an error message on my laptop w...
by burt
Sun May 26, 2019 7:11 am
Forum: Personal Finance (Not Investing)
Topic: Basement flooded, insurance not wanting pay
Replies: 13
Views: 2302

Re: Basement flooded, insurance not wanting pay

In another case the gutters on the highest portion of the roof were clogged and the water cascaded over the gutters and conveniently (sarcasm here) into the window well and it started to fill up and leak slightly into the basement for a small puddle. I had the exact same problem last year. Clogged ...
by burt
Thu May 23, 2019 6:04 am
Forum: Investing - Theory, News & General
Topic: just a general comment about "too conservative" investors here
Replies: 151
Views: 14904

Re: just a general comment about "too conservative" investors here

Great post, I heartily agree. Many a respectable Boglehead has lambasted my 30% equity allocation as too conservative for my age, and I just have to take it in stride. +1 Here's another at 30/70. I worked too hard for too long to be taking a lot of risk at this stage of life. For entertainment, I'l...
by burt
Fri May 17, 2019 5:35 pm
Forum: Personal Finance (Not Investing)
Topic: Reservations about job offer
Replies: 65
Views: 4186

Re: Reservations about job offer

dbr wrote:
Thu May 16, 2019 8:00 am
You already know you can't trust your prospective boss.
+1
Prospective boss is a goof.
If department would make that person a boss.... I'd have reservations on the whole department (or company).
by burt
Fri May 17, 2019 5:14 pm
Forum: Investing - Theory, News & General
Topic: Does stock allocation truly matter?
Replies: 61
Views: 5473

Re: Does stock allocation truly matter?

Ferdinand2014 wrote:
Thu May 16, 2019 7:58 pm
The most important factor by a country mile to meet your future needs is your savings rate and how early you start.
+1
I like the way you summarized this in one sentence.
For young people.... especially important.
by burt
Thu May 16, 2019 5:57 am
Forum: Personal Investments
Topic: Does your retirement plan work if stocks are flat or in decline for decades?
Replies: 180
Views: 10714

Re: Does your retirement plan work if stocks are flat or in decline for decades?

This could happen (as in Japan) without the world as we know it ending, or the economy collapsing. There are only two things that I can see for mitigating that. Own direct real estate in addition to stocks/bonds, and work longer. Anything can happen, but the US stock market valuations are not remot...
by burt
Tue May 14, 2019 7:01 am
Forum: Personal Investments
Topic: Does your retirement plan work if stocks are flat or in decline for decades?
Replies: 180
Views: 10714

Re: Does your retirement plan work if stocks are flat or in decline for decades?

This is one reason folks like Rick Ferri promote 30/70 AA's for retirees. +1 Ferri: Wisdom Of 60/40 Portfolios Timeless https://www.etf.com/sections/index-investor-corner/ferri-wisdom-6040-portfolios-timeless?nopaging=1 "Retirees and those almost retired shouldn’t care what their highest level of r...
by burt
Sun May 12, 2019 4:48 pm
Forum: Personal Finance (Not Investing)
Topic: Moving to The Woodlands,TX
Replies: 60
Views: 10140

Re: Moving to The Woodlands,TX

I lived in West Houston for 10 years before retiring, and moving back to the upper Midwest. Three words: heat, traffic, crime. (poisonous creatures and flesh eating bacteria are also a nuisance.) If you are a "highly compensated" individual, you can make a lot of the problems go away. Private school...
by burt
Thu May 09, 2019 5:26 pm
Forum: Investing - Theory, News & General
Topic: What is your AA, given your age? and, Why?
Replies: 219
Views: 24300

Re: What is your AA, given your age? and, Why?

Retired and age 63 with 30/70 (stock/bond). I've met my goal and have no need to take risk. Standard of living and savings are modest, so don't have the ability to take risk. burt Interesting thread. After I replied I got to thinking... AA is much more than just age. I didn't read all 200+ posts, b...
by burt
Thu May 09, 2019 6:06 am
Forum: Investing - Theory, News & General
Topic: What is your AA, given your age? and, Why?
Replies: 219
Views: 24300

Re: What is your AA, given your age? and, Why?

Retired and age 63 with 30/70 (stock/bond).
I've met my goal and have no need to take risk.
Standard of living and savings are modest, so don't have the ability to take risk.

burt
by burt
Sun Apr 28, 2019 7:15 am
Forum: Personal Finance (Not Investing)
Topic: Why do most people hate/dread learning about money and is there a good book for helping them?
Replies: 78
Views: 5035

Re: Why do most people hate/dread learning about money and is there a good book for helping them?

I love Bernstein's If You Can because people scared of a whole book find the 16-page limit really reassuring, but obviously they have to be interested enough to read it in the first place. I've sent or given "If You Can" to several people who expressed an interest. My conclusion... 16 pages is too ...
by burt
Sat Apr 20, 2019 3:30 pm
Forum: Personal Investments
Topic: Can we retire yet? And other related questions...
Replies: 29
Views: 3556

Re: Can we retire yet? And other related questions...

I stopped reading at age 62 with $3.2 million.
Yes, you can retire.

burt
by burt
Sat Apr 13, 2019 5:33 pm
Forum: Personal Finance (Not Investing)
Topic: Relocating to Seattle from Baltimore Area
Replies: 86
Views: 4125

Re: Relocating to Seattle from Baltimore Area

Can confirm the homeless issue is horrible. The people who don’t see it I’m not sure where you are living or hanging out. There are homeless passed out in every public restroom in Pike’s Market, packs of stoned aggressive homeless that accost you for money (never for food though). If you want to ha...
by burt
Thu Apr 11, 2019 7:01 am
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 4609
Views: 1184412

Re: What Movie Have You Recently Watched?

I continue to be surprised by Gaga's voice. Too bad there's so, so much vulgarity in the dialog. A couple of years ago I saw Lady Gaga in an awards show, the one where she did a duet with Tony Bennett. I was very surprised how talented she was. All I knew about Lady Gaga was she is prone to tricks ...
by burt
Wed Apr 03, 2019 6:07 am
Forum: Investing - Theory, News & General
Topic: Make sure your retirement investment plan includes being fired from your job in your 50s
Replies: 285
Views: 16865

Re: Make sure your retirement investment plan includes being fired from your job in your 50s

You're talking to the choir where that issue is concerned. I targeted state/federal government employment right out of college for that very reason. I knew i didn't want to work more than 40 hrs a week, and I heard about all the time off. And, get this.... they still have pensions :) Ohhh if I coul...
by burt
Tue Apr 02, 2019 7:26 am
Forum: Personal Consumer Issues
Topic: "The best and worst U.S. states for retirement"
Replies: 278
Views: 27714

Re: "The best and worst U.S. states for retirement"

I retired 3 years ago and moved north.
Any place with no heat, no crime, no traffic, no snakes is a pretty nice place.
Michigan works for me.

burt
by burt
Sun Mar 31, 2019 5:57 am
Forum: Personal Investments
Topic: Age in Bonds?
Replies: 38
Views: 3933

Re: Age in Bonds?

I don't have the "ability" or "need" to take risk. Would you mind explaining that? Those with 'excess' funds may have no need, but they seem to nearly always have the ability to take on some risk. One of the reasons I'm not a fan of the 'need, willingness, and ability' quote of Swedroe's is that it...
by burt
Sat Mar 30, 2019 6:55 am
Forum: Personal Investments
Topic: Age in Bonds?
Replies: 38
Views: 3933

Re: Age in Bonds?

Age in bonds works for me, and probably for most of the general population of modest means.
I don't have the "ability" or "need" to take risk.

burt
by burt
Fri Mar 22, 2019 6:14 am
Forum: Personal Investments
Topic: Vanguard - dissappointed
Replies: 44
Views: 5832

Re: Vanguard - dissappointed

As a point of reference:
I recently opened a new checking account at the local brick and mortar bank.
It took about 2 weeks before the account was active.

burt
by burt
Tue Mar 12, 2019 7:43 am
Forum: Personal Consumer Issues
Topic: Electric Range - Failing on High Heat
Replies: 12
Views: 1023

Re: Electric Range - Failing on High Heat

OP here. Thanks for your replies and suggestions. It's not the plastic knob. I set heat to simmer (#2) and 15 minutes later the coil is glowing red hot as if the heat is set to HI (#10) and the pot is boiling over. This has happened 3 times on 2 different burners. What really bugs me is that the des...
by burt
Sun Mar 10, 2019 6:41 pm
Forum: Personal Finance (Not Investing)
Topic: Will and trust....software or attorney?
Replies: 41
Views: 3132

Re: Will and trust....software or attorney?

90% of my assets are in financial institutions.
Agent Authorization (Power of Attorney) and beneficiaries are listed.
Joint accounts and TOD are up to date.
Home and car are small potatoes.

I will be writing my own will.

burt
by burt
Sat Mar 09, 2019 8:15 am
Forum: Personal Consumer Issues
Topic: Electric Range - Failing on High Heat
Replies: 12
Views: 1023

Electric Range - Failing on High Heat

Wondering if anyone has experienced this failure mode on an electric range. GE electric range, coil heating elements, 3 years old. Temperature knob is set to 2 (simmer). 30 minutes later the pot is at a high boil and the element is glowing red hot. This has happened 3 times over the past 2 weeks. Al...
by burt
Fri Mar 08, 2019 7:40 am
Forum: Personal Consumer Issues
Topic: attacked by off-leash dog
Replies: 220
Views: 7559

Re: attacked by off-leash dog

Regarding dogs and home insurance. I thought this article was interesting. "Your homeowner policy covers any damage caused by you or a member of your family, including your furry friend. If the dog bites someone, your insurer may be partly liable for the cost of any claims against you." "Believe it ...
by burt
Tue Mar 05, 2019 8:01 am
Forum: Personal Investments
Topic: Best book [to give to young people about investments]
Replies: 14
Views: 1177

Re: Best book [to give to young people about investments]

I first became interested in investing when introduced to articles written by Scott Burns of the Dallas Morning Sun. Below link has a collection of Scott Burns articles. The Couch Potato portfolio has held it's own over the years. https://scottburns.com/ My first book on investing was The Coffeehous...
by burt
Sun Mar 03, 2019 6:53 pm
Forum: Personal Investments
Topic: Keep big bank or CU?
Replies: 20
Views: 1586

Re: Keep big bank or CU?

I appear to have been too late, but it appears the one thing you didn't factor in was the "business motive." You are the owner of a credit union, and thus they generally don't go out of their way to screw you. That's not true of any bank, unless you are of scion-style money and own your own. I bank...
by burt
Sat Mar 02, 2019 7:22 am
Forum: Personal Finance (Not Investing)
Topic: Company Travel Question
Replies: 34
Views: 1416

Re: Company Travel Question

If it's not important enough to pay for, it's not important enough to do.

burt

ps
This is how salary people get bogged down with low priority work. After 40 hours, it's free.
by burt
Wed Feb 20, 2019 7:40 am
Forum: US Chapters
Topic: How many bogleheads do you know in real life?
Replies: 130
Views: 8993

Re: How many bogleheads do you know in real life?

Zero.

In my little town (pop. 10,000) there are 3 Edward Jones offices, 1 AG Edwards office, and 2 independent financial advisors (not fee based).
Two members of my immediate family (age 55+) have no retirement plan. Well, they kinda do...Work till they die.

burt
by burt
Thu Feb 07, 2019 8:41 am
Forum: Personal Finance (Not Investing)
Topic: Need Help - DW Laid Off and Company wants her back now
Replies: 107
Views: 11033

Re: Need Help - DW Laid Off and Company wants her back now

If it was me I would "take it personally, and not accept that it's just business".
My actions (reaction) would reflect the above.

burt
by burt
Thu Jan 24, 2019 6:43 pm
Forum: Personal Finance (Not Investing)
Topic: Why doesn't a lot of money feel like a lot of money?
Replies: 205
Views: 21800

Re: Why doesn't a lot of money feel like a lot of money?

Why doesn't a lot of money feel like a lot of money ? Answer: SWR (Safe Withdrawal Rate) $1 million dollars seems like a lot of money until you realize at a 4% SWR it only produces $40,000/year. burt Yeah but $1million beats the heck out of only having $100k. I think its still something worth smili...
by burt
Thu Jan 24, 2019 8:24 am
Forum: Personal Finance (Not Investing)
Topic: Why doesn't a lot of money feel like a lot of money?
Replies: 205
Views: 21800

Re: Why doesn't a lot of money feel like a lot of money?

Why doesn't a lot of money feel like a lot of money ? Answer: SWR (Safe Withdrawal Rate)

$1 million dollars seems like a lot of money until you realize at a 4% SWR it only produces $40,000/year.

burt
by burt
Thu Jan 24, 2019 5:14 am
Forum: Personal Finance (Not Investing)
Topic: Has anyone see an inheritance not go as planned? I would like to hear stories from others of what can go wrong.
Replies: 177
Views: 16221

Re: Has anyone see an inheritance not go as planned? I would like to hear stories from others of what can go wrong.

Reading over these stories, I am struck by how 90% of them boil down to, "Elderly person didn't want to discuss their plans with heirs and so disappointment and bitter feelings ensued." It seems clear what the actionable advice should be for all of us. Yet I wonder, how many of us who are, say, 50+...
by burt
Wed Jan 16, 2019 7:55 am
Forum: Personal Finance (Not Investing)
Topic: A co-worker makes more than me
Replies: 77
Views: 6839

Re: A co-worker makes more than me

Several years ago a supervisor mentioned that the hourly workers complain and moan about the job, but always stay. The salary people are quiet, pleasant, smile .... and just leave. I would not discuss compensation with management, as there are too many ways for this to backfire. With some research a...
by burt
Sat Jan 12, 2019 6:59 pm
Forum: Personal Finance (Not Investing)
Topic: Company relocating and not interested - next steps ?
Replies: 48
Views: 3778

Re: Company relocating and not interested - next steps ?

Thank goodness your children are older.
Many times over my career I've witnessed families moving to the worst undesirable locations with young children.
The children know no better and consider that s*hole home.
Next thing you know... grandchildren.... and you are stuck, forever.

burt
by burt
Sat Dec 22, 2018 8:02 am
Forum: Personal Investments
Topic: Is anyone's portfolio not tanking???
Replies: 129
Views: 13562

Re: Is anyone's portfolio not tanking???

After subtracting contributions, I'm down 0.8% this year. AA is 33/67. Too conservative. How is your long term return with 30/70? I would do no less 60/40 which is a typical balanced folio. I would accept less than 70% of the average market return even it is more stable. I'm only a couple of years ...
by burt
Thu Dec 20, 2018 6:55 pm
Forum: Personal Investments
Topic: Current allocation is 100% stocks- any good reason to change?
Replies: 71
Views: 5924

Re: Current allocation is 100% stocks- any good reason to change?

Older people of modest means have no business being anywhere near 100% equities.
Age in bonds is a good place to start for people of modest means.
No way will I jeopardize my Wednesday meatloaf dinner at the local diner.

burt
by burt
Tue Dec 18, 2018 8:10 am
Forum: Personal Consumer Issues
Topic: Is Liquid Plumber / Draino bad for the pipes?
Replies: 51
Views: 6079

Re: Is Liquid Plumber / Draino bad for the pipes?

A suggestion for future dog bathing- you might want to look into a screen/strainer for the drain. It is a plastic cover that fits over the drain and catches hair before it gets into your pipes. My wife got them for our teenage daughters with long hair. Saved me much trouble. We use something like t...
by burt
Fri Dec 07, 2018 7:00 pm
Forum: Investing - Theory, News & General
Topic: Why Retirement Is Broken And Needs To Be Reinvented
Replies: 174
Views: 12678

Re: Why Retirement Is Broken And Needs To Be Reinvented

When running Firecalc I die with somewhere between $2 million and $0 at age 90.
There has to be a better way.

edit:
There has to be a better way to provide for the elderly. Especially for those who spent there life making $20/hr or less.

burt
by burt
Fri Dec 07, 2018 7:01 am
Forum: Investing - Theory, News & General
Topic: Why Retirement Is Broken And Needs To Be Reinvented
Replies: 174
Views: 12678

Re: Why Retirement Is Broken And Needs To Be Reinvented

Knowing and doing are totally different. People know that they should save money. But, they are not willing to compromise on their current lifestyle in order to save. The typical person does not know that they need a $1 million portfolio to provide $40k of income for 30 years (more or less). They a...
by burt
Sun Dec 02, 2018 7:06 pm
Forum: Personal Finance (Not Investing)
Topic: Proper way to retire
Replies: 57
Views: 6684

Re: Proper way to retire

I'm on my tenth week of vacation with ~5.5 weeks to go before becoming a retiree. Proper? Proper or not, that's the way it's going to be. +1 It's only about money. Shareholder value. You are the only shareholder of the "Tycoon" company. Maybe you can offshore some of your "intellectual property". b...
by burt
Fri Nov 30, 2018 7:37 am
Forum: Personal Consumer Issues
Topic: Winter boot recommendation
Replies: 34
Views: 3419

Re: Winter boot recommendation

For walking on serious ice I have a dedicated pair of Redwing work boots (soft toe, 6 inch, insulated, water proof) with Yaktrax steel cleats.
My only complaint is these are darn heavy.

For casual winter walking I really like my Ecco Track II boots. Insulated, light weight and comfortable.

burt