Search found 675 matches

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: 11929

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: 11929

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: 6356

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: 26
Views: 2334

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
by burt
Fri Nov 30, 2018 7:07 am
Forum: Personal Finance (Not Investing)
Topic: Restaurant Budget
Replies: 113
Views: 6573

Re: Restaurant Budget

If you want to feel better, back in NY when our income was only 300-350k, we were spending around $1k each WEEK on dining out, takeout and alcohol. We partied hard and enjoyed every minute. You’re only young once. Now we sock money away and spend around $250 per week. That was my observation when l...
by burt
Sat Nov 03, 2018 5:40 pm
Forum: Investing - Help with Personal Investments
Topic: Are Bond Funds Really a Good Investment Now?
Replies: 44
Views: 5078

Re: Are Bond Funds Really a Good Investment Now?

Bond funds are always a good investment... especially if you older and have modest means.

burt
by burt
Sat Oct 27, 2018 5:26 pm
Forum: Investing - Help with Personal Investments
Topic: For those waiting for a 'correction' ...
Replies: 92
Views: 13658

Re: For those waiting for a 'correction' ...

Not waiting, just watching.
Went to 30/70 stock/bonds when I retired 3 years ago.
I will rebalance, but other than that .... just watching.
I will not jeopardize my Wednesday meatloaf dinner at the local diner.

burt
by burt
Thu Oct 04, 2018 6:53 am
Forum: Investing - Theory, News & General
Topic: [CNBC article: Don't expect to retire at 70]
Replies: 60
Views: 6410

Re: [CNBC article: Don't expect to retire at 70]

I find the whole idea of working till age 70 unrealistic for the majority of the population.
Just because you are alive at 70, does not mean you will be "able" or be "allowed" to work at age 70.

burt
by burt
Thu Oct 04, 2018 6:32 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Be Prepared For Losses
Replies: 146
Views: 18952

Re: Larry Swedroe: Be Prepared For Losses

...I ALSO believe one should ALWAYS assume the market could drop 50% starting tomorrow and stay down for 5 years. Because it could. This dren (the reality, not your assessment) is why I freaking hate our entire economic system of having become so dependent on the effective gambling our futures on t...
by burt
Wed Oct 03, 2018 6:40 am
Forum: Personal Consumer Issues
Topic: Thinking of moving to Texas, Iowa, Idaho, or North Carolina
Replies: 216
Views: 15761

Re: Thinking of moving to Texas, Iowa, Idaho, or North Carolina

You mentioned that traffic was becoming unbearable in your current location.
If that's the case, you will want to avoid Houston.

burt
by burt
Thu Sep 27, 2018 6:09 am
Forum: Investing - Theory, News & General
Topic: Why do we expect TSM to keep growing?
Replies: 77
Views: 8825

Re: Why do we expect TSM to keep growing?

Stein's law : If something cannot go on forever, it will stop. That's one way to answer but what if it can't go on forever ? We don't know what specific finite time less than forever it will turn out to be. We have to play the hand we're dealt. PJW In a finite world, forever growth seems impossible...
by burt
Sat Sep 15, 2018 5:55 pm
Forum: Investing - Theory, News & General
Topic: Age in Bonds - Still Recommended?
Replies: 152
Views: 12057

Re: Age in Bonds - Still Recommended?

I sense some bravado with these high stock allocations. If I was young with $30k in a 401k, yes I would take risk. If I was wealthy with a 1% withdrawal rate, yes I would take risk. If I had a fat pension combined with SS that provided 125% of expenses, yes I would take risk. I am none of the above....
by burt
Sat Sep 08, 2018 5:37 pm
Forum: Investing - Theory, News & General
Topic: Lessons from the financial crisis (Pisani, CNBC)
Replies: 52
Views: 5139

Re: Lessons from the financial crisis (Pisani, CNBC)

Re: Lessons from the financial crisis. I remember it well. Almost like it happened yesterday. Took a new job out of state and couldn't sell my home. Told the realtor to price it at the bottom of the comps. Never thought I would be happy to sell a home at a loss. I was working at a Fortune 100 compan...
by burt
Fri Sep 07, 2018 6:17 pm
Forum: Investing - Help with Personal Investments
Topic: I want to pry my friend away from Edward Jones
Replies: 71
Views: 7911

Re: I want to pry my friend away from Edward Jones

Lot's of comments advising "stay out of it" or "none of your business". When it comes to relatives or close friends with limited means , I jump in and am willing to accept the consequences. Kind of like seeing a dog locked in a car on a hot day. I'll break the window and accept the consequences. burt
by burt
Thu Sep 06, 2018 5:57 am
Forum: Personal Consumer Issues
Topic: How to "waste" money on groceries?
Replies: 109
Views: 9902

Re: How to "waste" money on groceries?

My spouse buys fresh fruits and vegetables that she knows she will never touch. She has a mold garden growing in the fridge and on the kitchen counter. She seems to love fruit flies, too. She also prepares large amounts of food and eats a little bit. That food just spoils away inside a tupperware c...
by burt
Wed Sep 05, 2018 7:09 am
Forum: Personal Consumer Issues
Topic: When do you drop collision insurance?
Replies: 52
Views: 3092

Re: When do you drop collision insurance?

I have a 2010 Toyota Avalon. Worth maybe $7000.
Collision through GEICO with $500 deductible is $25/month.
I decided to keep collision coverage.

burt
by burt
Sun Sep 02, 2018 5:55 pm
Forum: Investing - Theory, News & General
Topic: Jack Bogle's answer to the question: Let’s hear your quick advice for a primer on personal finances.
Replies: 11
Views: 2652

Re: Jack Bogle's answer to the question: Let’s hear your quick advice for a primer on personal finances.

steve roy wrote:
Sun Jul 22, 2018 9:58 pm
Great, simple, straightforward advice, for which thanks.

The longer I’m in the game the more I’m convinced that a Target Date Fund is the way to go.

Set and ignore (to the best of your ability).
+1
The older I get, I think more about a balanced index fund.

burt
by burt
Sat Sep 01, 2018 5:14 pm
Forum: Investing - Theory, News & General
Topic: Thoughts on investing in Uranium???
Replies: 48
Views: 3192

Re: Thoughts on investing in Uranium???

Regarding "Thoughts on investing in Uranium"

You would have more fun and probably better odds in Vegas.
Your welcome.

burt
by burt
Sat Sep 01, 2018 5:09 pm
Forum: Investing - Theory, News & General
Topic: Are CDs considered an investment?
Replies: 75
Views: 4144

Re: Are CDs considered an investment?

"Are CD's considered an investment?"

Most definitely.
When stuff hits the fan you can buy food with it. Hopefully.

burt
by burt
Sat Sep 01, 2018 6:21 am
Forum: Investing - Help with Personal Investments
Topic: I want to pry my friend away from Edward Jones
Replies: 71
Views: 7911

Re: I want to pry my friend away from Edward Jones

Make sure you are in a situation where logic is the driving force and not them feeling like a bad person or not. All people need to believe in something, religion, science, data, fox news etc. Beliefs are hard to change, especially if the person builds their character or the framework of their deci...
by burt
Thu Aug 30, 2018 6:04 pm
Forum: Personal Consumer Issues
Topic: Mega Downsize....
Replies: 91
Views: 8640

Re: Mega Downsize....

To All,

Do not buy shelves or shelving units thinking that you are organized and in control.
Shelves are just a method to store more stuff you don't need and don't use.

burt
by burt
Sun Aug 19, 2018 4:53 pm
Forum: Investing - Help with Personal Investments
Topic: Retirees: Timing your withdrawals
Replies: 40
Views: 3850

Re: Retirees: Timing your withdrawals

2015 wrote:
Sun Aug 19, 2018 10:51 am
aum wrote:
Sun Aug 19, 2018 8:44 am
One a year in first week of January , I withdraw and re balance my portfolio.
+1
I keep it simple and don't over think it.
+1
same here.

burt
by burt
Sun Jul 29, 2018 5:06 pm
Forum: Personal Consumer Issues
Topic: Do Honda Mowers Leave Un-cut Grass Strips? [YES, but...]
Replies: 96
Views: 50160

Re: Do Honda Mowers Leave Un-cut Grass Strips? [YES, but...]

Ohhh man....there are some serious lawn mower guys here. Can't keep up with you guys, but will submit my two cents. Bought a Honda HRX217 in 2016. Some notes below. - Starts on the first pull every time. If I stop the mower I don't restart for at least 5 minutes. That's how I take breaks. - If grass...
by burt
Fri Jul 27, 2018 6:10 pm
Forum: Personal Consumer Issues
Topic: Has Anyone Tried Youtube TV?
Replies: 55
Views: 6552

Re: Has Anyone Tried Youtube TV?

Not to hijack the thread but I'm wondering if this net neutrality thing is going to increase the cost of internet TV.
I cancelled cable TV last month and am happy I did ... so far.

burt
by burt
Fri Jul 27, 2018 5:39 pm
Forum: Personal Consumer Issues
Topic: Engineers come in.
Replies: 108
Views: 8370

Re: Engineers come in.

Thought I was smart in high school with good grades.
Got to engineering college and was taught a tough lesson very fast.
Worked very hard for C's and a smattering of B's.
The only thing that got me through engineering college was... the fear of failure.

burt
by burt
Thu Jul 26, 2018 5:50 pm
Forum: Personal Consumer Issues
Topic: Engineers come in.
Replies: 108
Views: 8370

Re: Engineers come in.

Phineas J. Whoopee wrote:
Mon Jul 23, 2018 12:06 pm

I remember, I think I posted this once before, being admonished by a colleague for having completed a graduate degree with the words A students make grades. C students make money.

PJW
That's a good one. Lot's of truth to that.
(speaking from 40 years in the engineering field)

burt
by burt
Thu Jul 26, 2018 5:41 pm
Forum: Personal Consumer Issues
Topic: Engineers come in.
Replies: 108
Views: 8370

Re: Engineers come in.

Sounds like your buddy is going to be weeded out of engineering school after just a couple of Calc courses. Wife and I are both engineers. Wife had to work much harder to get through it than I. A lot of it came much easier to me for whatever reason. Wife had to take Diff EQ 4 times before she gradu...
by burt
Sat Jul 21, 2018 6:23 pm
Forum: Personal Finance (Not Investing)
Topic: Buying home, how to head off a bidding war.
Replies: 29
Views: 3996

Re: Buying home, how to head off a bidding war.

cdu7 wrote:
Sat Jul 21, 2018 6:11 pm
Wife decided she didn’t like the house enough to make a no bid quality offer. We made a more normal offer and she is fine if we don’t get the house, we will see what happens.
Very good.
Never fall in love with a house... unless money is no object.

burt
by burt
Fri Jul 06, 2018 5:42 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Destination - are you happy with your choice?
Replies: 127
Views: 16462

Re: Retirement Destination - are you happy with your choice?

Not sure I understand this weather thing for retirees. I retired and bought a home because I don't particularly like living outdoors. Hot or Cold doesn't matter. Relationships with family and friends does. burt If you don't go outside (summer or winter), then it is always 72. When I go out in -15 w...
by burt
Thu Jul 05, 2018 4:55 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Destination - are you happy with your choice?
Replies: 127
Views: 16462

Re: Retirement Destination - are you happy with your choice?

Not sure I understand this weather thing for retirees. I retired and bought a home because I don't particularly like living outdoors. Hot or Cold doesn't matter. Relationships with family and friends does. burt If you don't go outside (summer or winter), then it is always 72. When I go out in -15 w...
by burt
Wed Jul 04, 2018 5:59 pm
Forum: Personal Consumer Issues
Topic: Thinking about moving to Madison, WI or Minneapolis, MN..Any advice?
Replies: 96
Views: 9537

Re: Thinking about moving to Madison, WI or Minneapolis, MN..Any advice?

Madison or Minneapolis... congratulations.
Doesn't matter which city.
It could be worse..... much worse.

burt
by burt
Wed Jul 04, 2018 5:39 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Destination - are you happy with your choice?
Replies: 127
Views: 16462

Re: Retirement Destination - are you happy with your choice?

Not sure I understand this weather thing for retirees.
I retired and bought a home because I don't particularly like living outdoors.

Hot or Cold doesn't matter. Relationships with family and friends does.

burt
by burt
Sat Jun 30, 2018 5:55 pm
Forum: Personal Finance (Not Investing)
Topic: Lost out on promotion
Replies: 104
Views: 11149

Re: Lost out on promotion

Don't chase the carrot.
It's a fugazi.

burt
by burt
Fri Jun 29, 2018 5:54 pm
Forum: Investing - Theory, News & General
Topic: Yes, It’ll Happen - Jonathan Clements
Replies: 33
Views: 7377

Re: Yes, It’ll Happen - Jonathan Clements

nova1968 wrote:
Fri Jun 29, 2018 9:49 am
It reemphasizes the value of a pension. For example if your pension is 40K a year it equivalent to withdrawing 4% on a 1 million dollar account.
+1
Can't under estimate the value of a pension or.... the value of Social Security.

burt
by burt
Thu Jun 28, 2018 5:48 pm
Forum: Investing - Theory, News & General
Topic: Yes, It’ll Happen - Jonathan Clements
Replies: 33
Views: 7377

Yes, It’ll Happen - Jonathan Clements

I ran across this writing by Johnathan Clements via the Bill Schultheis (Coffeehouse Investor) website. I've always liked Johnathan Clements writings and particularly liked this one. "Think about the downside: If you fail badly in your pursuit of outsized returns, you could be faced with a retiremen...
by burt
Sun Jun 24, 2018 4:51 pm
Forum: Investing - Help with Personal Investments
Topic: Hitting your number---Now What?
Replies: 19
Views: 3099

Re: Hitting your number---Now What?

Congratulations on hitting your number.
Now your job is protecting your number.
That means dialing way back on equity (Stock) exposure.

burt
by burt
Sat Jun 23, 2018 5:39 pm
Forum: Investing - Theory, News & General
Topic: What does it mean: Rule No. 1: Never lose money
Replies: 75
Views: 7373

Re: What does it mean: Rule No. 1: Never lose money

I guess I'm a Zvi Bodie fan. From memory... in a Youtube video he says to look into the mirror every morning and say to yourself "don't lose money today". He puts everything in TIPS. If the return of TIPS don't match your retirement plans.... work longer or save more. I have a sizeable portion of my...
by burt
Fri Jun 22, 2018 6:30 am
Forum: Investing - Help with Personal Investments
Topic: is Ed Jones always bad news?
Replies: 29
Views: 3637

Re: is Ed Jones always bad news?

We have the following picture in our wiki in the section the principle keep costs low https://www.bogleheads.org/w/images/thumb/0/09/Annual_Return_-_Fee_Impact.png/800px-Annual_Return_-_Fee_Impact.png It shows the impact of a 1% fee. I fund it very compelling. Thank-you for the chart. Eye opening. ...
by burt
Thu Jun 21, 2018 6:44 am
Forum: Personal Finance (Not Investing)
Topic: What is/ was your career and would you recommend it now?
Replies: 345
Views: 35929

Re: What is/ was your career and would you recommend it now?

IlliniDave wrote:
Thu Jun 21, 2018 6:24 am
Engineer. If I had it all to do over again I might choose differently, but I wouldn't globally recommend against it.
+1
Capital engineering: everytime the economy passes gas, management freaks and shuts the projects down.
Operations and maintenance: on call with free overtime. Painful.

burt
by burt
Mon Jun 18, 2018 5:49 am
Forum: Personal Finance (Not Investing)
Topic: How much (green) cash at home for emergency ?
Replies: 169
Views: 15723

Re: How much (green) cash at home for emergency ?

OP here. Thanks for the replies. $10,000 is probably overkill, but $3-5,000 seems reasonable. I would rather have it and not need it v.s. needing it and not having it. As others have mentioned, having a plan and supplies is probably more important. Can't eat or drink cash. Car won't run on cash. I w...
by burt
Sun Jun 17, 2018 2:29 pm
Forum: Personal Finance (Not Investing)
Topic: How much (green) cash at home for emergency ?
Replies: 169
Views: 15723

How much (green) cash at home for emergency ?

Portions of my state are now flooding with evacuations in progress. To the best of my knowledge this area has never flooded before in recorded history. I've been through floods and hurricanes. I have not been through wild fires, earthquakes, volcanoes, large electrical grid outages, etc. My question...
by burt
Fri Jun 01, 2018 5:41 pm
Forum: Personal Finance (Not Investing)
Topic: Cheap options for retirement?
Replies: 17
Views: 2668

Re: Cheap options for retirement?

HomerJ wrote:
Tue May 29, 2018 11:56 am
You can live very cheaply in many small Mid-west towns.
+1
Small mid-western towns.
No traffic, no crime, no heat, and clean.
My property taxes are less than previous HOA fees.
Small towns love retirees who spend money and don't take jobs. :happy

burt
by burt
Wed May 30, 2018 6:40 am
Forum: Personal Consumer Issues
Topic: Advice on neighbor not keeping up his property...
Replies: 103
Views: 8067

Re: Advice on neighbor not keeping up his property...

The problem with HOA's is that they are restrictive.
The benefit of HOA's is that they are restrictive.

burt
by burt
Sun May 27, 2018 5:35 pm
Forum: Personal Finance (Not Investing)
Topic: What was your experience inheriting assets held at Vanguard?
Replies: 24
Views: 2403

Re: What was your experience inheriting assets held at Vanguard?

After reading several threads regarding Vanguard customer service....
I'm sure some of the issues are the fault of Vanguard.
I'm also sure some of the issues are the fault of the investor.

If your stuff is complicated... It's your job to uncomplicate it.

burt
by burt
Sun May 27, 2018 6:58 am
Forum: Personal Finance (Not Investing)
Topic: What was your experience inheriting assets held at Vanguard?
Replies: 24
Views: 2403

Re: What was your experience inheriting assets held at Vanguard?

Myself and 2 siblings inherited Vanguard funds last year. One phone call, filled out forms, sent forms, accounts created and funds transferred.
No problems.

burt
by burt
Fri May 18, 2018 5:43 pm
Forum: Personal Finance (Not Investing)
Topic: Golden Handcuffs
Replies: 53
Views: 9327

Re: Golden Handcuffs

Gut it out, unless the new opportunity provides better security for the family.
With a family... it ain't about you.

burt
by burt
Fri Apr 20, 2018 5:18 am
Forum: Investing - Help with Personal Investments
Topic: Grandparents requested our help to manage $300K
Replies: 29
Views: 3655

Re: Grandparents requested our help to manage $300K

Just a little bit more info, thanks for the responses thus far. The grandparents have other investment vehicles where they do not feel they need to touch this money (the specifics I don't know, we haven't asked). They want this money specifically geared towards inheritance for siblings and grand si...
by burt
Sun Apr 08, 2018 5:55 pm
Forum: Investing - Theory, News & General
Topic: What is your AA, given your age? and, Why?
Replies: 163
Views: 15570

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

Age 62, retired.
30/70 stock/bond
Yes, conservative.
I'm not young, I'm not rich... I just want to maintain my modest but comfortable standard of living.

burt
by burt
Sun Apr 01, 2018 5:35 am
Forum: Investing - Help with Personal Investments
Topic: Customer Service with Vanguard
Replies: 108
Views: 8017

Re: Customer Service with Vanguard

I've been a satisfied Vanguard customer for 20+ years. Over this period of time I have done 401k rollovers, agent authorization for my Mothers accounts, and transferred my Mothers assets to Vanguard. More recently I have helped siblings with inherited Vanguard funds and helping them to move funds to...
by burt
Wed Mar 28, 2018 6:37 am
Forum: Personal Finance (Not Investing)
Topic: Grass is always greener, federal edition
Replies: 59
Views: 8002

Re: Grass is always greener, federal edition

The grass is always greener until a drought hits and the grass dies.
Job stability is a big factor, especially with a family. (speaking from experience)

I would stay put.

burt