Search found 412 matches
- Sun Mar 17, 2024 6:15 am
- Forum: Personal Finance (Not Investing)
- Topic: The best game-changing financial advice you ever received (or "discovered")
- Replies: 120
- Views: 11135
Re: The best game-changing financial advice you ever received (or "discovered")
The magic of compound interest. I discovered how time was a huge factor, so I started investing as soon as I could out of college. And convinced my DW to do the same.
- Sun Mar 17, 2024 5:59 am
- Forum: Personal Investments
- Topic: HELP - what to invest in for 750,000 windfall
- Replies: 14
- Views: 1971
Re: HELP - what to invest in for 750,000 windfall
If I was new to investing and interested in Boglehead-style investing, I would educate myself by reading some of their recommended books: https://www.bogleheads.org/wiki/Book_re ... nd_reviews
- Mon Mar 04, 2024 5:26 am
- Forum: Personal Finance (Not Investing)
- Topic: How to Estimate Return Rates for Retirement Planning
- Replies: 67
- Views: 6026
Re: How to Estimate Return Rates for Retirement Planning
Morningstar made a chart of forecasts from Blackrock, J.P. Morgan, Morningstar, Research Affiliates, Schwab and Vanguard here (for what it's worth): https://www.morningstar.com/portfolios/ ... 24-edition
YMMV
YMMV
- Mon Feb 26, 2024 6:49 am
- Forum: Personal Finance (Not Investing)
- Topic: What got you out of poverty?
- Replies: 111
- Views: 12862
Re: What got you out of poverty?
* Grew up with daily chores responsibilities (farm kid)
* Went to class every day
* Had jobs, so graduated college (1975, yes, less expensive) w/o debt
* Married spouse that had a career (2 incomes)
* Both of us invested in 401ks early & consistently
* Never carried credit card nor car debt
* Lucked out with good health (so far)
* Went to class every day
* Had jobs, so graduated college (1975, yes, less expensive) w/o debt
* Married spouse that had a career (2 incomes)
* Both of us invested in 401ks early & consistently
* Never carried credit card nor car debt
* Lucked out with good health (so far)
- Thu Feb 22, 2024 6:02 am
- Forum: Personal Consumer Issues
- Topic: The Shrinking Lifespan of Large Appliances
- Replies: 108
- Views: 10082
Re: The Shrinking Lifespan of Large Appliances
We bought a Criterion upright freezer from Menard's for our local Food Pantry. It failed on day 2. Menard's charged us $89 to come retrieve it.
- Wed Feb 14, 2024 6:30 am
- Forum: Personal Investments
- Topic: A 50/50 all-in-one fund that's not VTMFX??
- Replies: 17
- Views: 1953
Re: A 50/50 all-in-one fund that's not VTMFX??
You are right, sir. I shouldn't have said 'managed'. I meant to convey that Vanguard does the rebalancing among the 4 funds so that I don't have to worry about it. Good catch.Gort wrote: ↑Tue Feb 13, 2024 7:13 pmLifeStrategy Moderate Growth is not an actively managed fund. It's a fund-of-funds with the underlying funds all index.racy wrote: ↑Tue Feb 13, 2024 7:06 am I have a 50/50 portfolio comprised of Wellesley and LifeStrategy Moderate Growth. This gives me exposure to total stock market, large value companies (Wellesley), total international stock, total bond market, corporate bonds (Wellesley) and total international bonds. Both are managed funds.
- Tue Feb 13, 2024 7:06 am
- Forum: Personal Investments
- Topic: A 50/50 all-in-one fund that's not VTMFX??
- Replies: 17
- Views: 1953
Re: A 50/50 all-in-one fund that's not VTMFX??
I have a 50/50 portfolio comprised of Wellesley and LifeStrategy Moderate Growth. This gives me exposure to total stock market, large value companies (Wellesley), total international stock, total bond market, corporate bonds (Wellesley) and total international bonds. Both are managed funds.
- Tue Feb 13, 2024 6:43 am
- Forum: Personal Consumer Issues
- Topic: What types of volunteering do you enjoy?
- Replies: 49
- Views: 3952
Re: What types of volunteering do you enjoy?
* Walking dogs at Humane Society on my own schedule
* Our county Food Pantry several times a week
* Habitat for Humanity occasionally
* Our county Food Pantry several times a week
* Habitat for Humanity occasionally
- Fri Jan 26, 2024 5:55 am
- Forum: Personal Investments
- Topic: How did you get over your fear of investing in the market?
- Replies: 64
- Views: 5023
Re: How did you get over your fear of investing in the market?
Saw a historical chart of stock market performance. Learned that the market goes down at times but that it goes higher more often. Started investing steadily twice per month, staying the course, in 1976.
- Tue Jan 23, 2024 7:24 am
- Forum: Personal Consumer Issues
- Topic: What are some of the things that improved YOUR quality of life?
- Replies: 254
- Views: 41972
Re: What are some of the things that improved YOUR quality of life?
Retired 10 years earlier than my DW. Best years of my life.
- Fri Jan 19, 2024 6:37 am
- Forum: Investing - Theory, News & General
- Topic: At what invested net worth do contributions start to matter less?
- Replies: 48
- Views: 8281
Re: At what invested net worth do contributions start to matter less?
If you have a 401k use this calculator: https://www.calculator.net/401k-calculator.html
After entering your numbers and calculating, then put your mouse over the bars on the chart. It'll show employee contributions, employer match and investment returns so that you can answer when contributions exceed your contributions.
After entering your numbers and calculating, then put your mouse over the bars on the chart. It'll show employee contributions, employer match and investment returns so that you can answer when contributions exceed your contributions.
- Thu Jan 11, 2024 12:34 pm
- Forum: Investing - Theory, News & General
- Topic: New "Bogleheads on Investing" podcast #65: Dr. Qian Wang, Vanguard economic and market outlook of 2024
- Replies: 43
- Views: 7046
Re: New "Bogleheads on Investing" podcast #65: Dr. Qian Wang, Vanguard economic and market outlook of 2024
On page 19 are they saying in the bar chart that a 40/60 portfolio will yield the same 10-year annualized return as a previous 60/40 portfolio? As a retired couple in our early 70s I'm wondering if we should scale back from our 60/40 allocation. We have 'enough' I think; our current withdrawal rate is 1.3%. Thoughts?Rick Ferri wrote: ↑Fri Dec 22, 2023 6:13 am Here is the report we discussed:
Vanguard Economic and Market Outlook for 2024
- Mon Jan 08, 2024 6:34 am
- Forum: Personal Finance (Not Investing)
- Topic: “You’ll know when the right time is to retire”
- Replies: 69
- Views: 9254
Re: “You’ll know when the right time is to retire”
I was assigned to take on additional managerial responsibilities of one of our facilities in China. Late evening conference calls and trips to China, on top of my regular responsibilities, were not enjoyable. I was 60 years old, my financial bucket was full and I didn't need the extra stress, so I retired after 37 years. I enjoyed my career very much up until the point I didn't.
- Sat Jan 06, 2024 7:31 am
- Forum: Investing - Theory, News & General
- Topic: How did you make your first $1M?
- Replies: 148
- Views: 33659
Re: How did you make your first $1M?
1. Went to class every day but didn't study that hard. Graduated w/ 3.1 GPA, Business.
2. First job was a night shift supervisory job in a megacorp production facility. The company had a 401k and a pension plan.
3. I invested in the 401k and increased the amount by 1 or 2% at every annual salary increase.
4. Married a paralegal. Waited 8 yrs. to have kids. Lived below our means (no credit card debt, no new cars, etc.).
5. Became a department manager, then a larger department then more responsibilities.
Got to our first million after 27 years.
Second after 35 years.
Third after 37 years when I retired and got my pension payout.
Fourth after 41 years.
2. First job was a night shift supervisory job in a megacorp production facility. The company had a 401k and a pension plan.
3. I invested in the 401k and increased the amount by 1 or 2% at every annual salary increase.
4. Married a paralegal. Waited 8 yrs. to have kids. Lived below our means (no credit card debt, no new cars, etc.).
5. Became a department manager, then a larger department then more responsibilities.
Got to our first million after 27 years.
Second after 35 years.
Third after 37 years when I retired and got my pension payout.
Fourth after 41 years.
- Fri Dec 29, 2023 7:12 am
- Forum: Personal Finance (Not Investing)
- Topic: Should I spend or save it?
- Replies: 21
- Views: 2585
Re: Should I spend or save it?
Take the family snow skiing. The cost of lift tickets will take care of that found money. Have fun!
- Sat Dec 23, 2023 7:19 am
- Forum: Personal Investments
- Topic: Invest in brokerage?
- Replies: 13
- Views: 1323
Re: Invest in brokerage?
For 37 years of employment, I had automatic paycheck deductions into my 401k. This was for every paycheck regardless of what the stock market was doing. I'm not smart enough to predict what the market is going to do or when, and I am not convinced anyone else is either. The contribution percent wasn't very high in the beginning but at every annual salary increase I would add a percent or two. I paid myself first, not when I had extra money...I never had extra money.
- Mon Dec 11, 2023 7:10 am
- Forum: Personal Finance (Not Investing)
- Topic: How do you think of retirement expenses when it’s 15-20 years away ?
- Replies: 24
- Views: 3248
Re: How do you think of retirement expenses when it’s 15-20 years away ?
FWIW, my experience: I have tracked monthly expenses since 2008. Between '08 and '12 expenses included kids' college support and mortgage payments. I retired in 2013 after the kids graduated and the house was paid off. Inflation adjusted spending has not changed significantly since 2008. College and mortgage expenses were replaced by better vacations and home improvements. YMMV.
- Fri Dec 08, 2023 7:18 am
- Forum: Personal Consumer Issues
- Topic: Plan my retirement travel for me!
- Replies: 65
- Views: 10788
Re: Plan my retirement travel for me!
Look into Viking river cruises: adults only, fewer people than cruise ships, great food and drink. Lots optional excursions, i.e.: biking, kayaking, hiking, etc.
- Fri Dec 08, 2023 7:13 am
- Forum: Investing - Theory, News & General
- Topic: Fundrise - Real Estate
- Replies: 161
- Views: 26298
Re: Fundrise - Real Estate
Never invested in Fundrise but I did in PeerStreet ("high-yield, short-term" real estate debt). It was all good for the 5 years I was in up until June 26th when they declared chapter 11 bankruptcy. High interest rates did a number on their business. https://www.peerstreet.com/
- Fri Dec 08, 2023 7:02 am
- Forum: Personal Consumer Issues
- Topic: Good decisions that paid off for you 60, 70, 80, 90+
- Replies: 30
- Views: 4872
Re: Good decisions that paid off for you 60, 70, 80, 90+
Mid 70s guy here. Several good non-financial decisions come to mind: buying a computer early on, learning Excel and getting access to all kinds of information. Also getting a college degree, marrying someone with similar career aspirations and attitude towards money, taking daily outdoor walks and participating in community volunteer activities.
- Mon Nov 27, 2023 6:23 am
- Forum: Personal Investments
- Topic: retirement drawdown calculator with social security
- Replies: 15
- Views: 2371
Re: retirement drawdown calculator with social security
How about this: https://firecalc.com/
Be sure to 'close the results windows' and go through all the tabs. There is a tab for social security amounts and start dates.
Be sure to 'close the results windows' and go through all the tabs. There is a tab for social security amounts and start dates.
- Sat Nov 25, 2023 8:58 am
- Forum: Investing - Theory, News & General
- Topic: Estimating Return
- Replies: 13
- Views: 1544
Re: Estimating Return
For fun I asked the AI in Bing, "What is the expected real return of a 40/60 portfolio?"
The reply:
According to Morgan Stanley & Co.’s Chief Cross-Asset Strategist, Andrew Sheets, a 40/60 portfolio is expected to have a return of about 6.2% per year over the next 10 years. However, the expected real return of a 60/40 portfolio remains around 2%, less than half its long-term average of nearly 5%.
It’s important to note that the expected return of a portfolio is subject to change based on various factors such as market conditions, inflation, and interest rates. Therefore, it’s advisable to consult with a financial advisor before making any investment decisions.
I hope this helps!
I don't vouch for Bing AI nor Mr. Sheets.
The reply:
According to Morgan Stanley & Co.’s Chief Cross-Asset Strategist, Andrew Sheets, a 40/60 portfolio is expected to have a return of about 6.2% per year over the next 10 years. However, the expected real return of a 60/40 portfolio remains around 2%, less than half its long-term average of nearly 5%.
It’s important to note that the expected return of a portfolio is subject to change based on various factors such as market conditions, inflation, and interest rates. Therefore, it’s advisable to consult with a financial advisor before making any investment decisions.
I hope this helps!
I don't vouch for Bing AI nor Mr. Sheets.
- Tue Nov 14, 2023 7:17 am
- Forum: Personal Investments
- Topic: My IPS saved my bacon
- Replies: 30
- Views: 5170
Re: My IPS saved my bacon
I remember how Charlie Munger described trading crypto, "It's like somebody else is trading turds and you decide I can't be left out".
https://buffett.cnbc.com/video/2018/05/ ... art=3126.4
https://buffett.cnbc.com/video/2018/05/ ... art=3126.4
- Sat Nov 11, 2023 6:17 am
- Forum: Personal Investments
- Topic: I need help out of this paycheck to paycheck life
- Replies: 59
- Views: 10161
Re: I need help out of this paycheck to paycheck life
As others have said you first need to cut expenses. Peruse this article. It has 43 suggestions on how to cut expenses. https://logicaldollar.com/drastically-cut-expenses/
The first paragraph from the article sounds like your situation. "If you find yourself struggling to make ends meet by the end of each month, you’re not alone. This is why working out how to drastically cut expenses can have such a massive impact on your finances".
The first paragraph from the article sounds like your situation. "If you find yourself struggling to make ends meet by the end of each month, you’re not alone. This is why working out how to drastically cut expenses can have such a massive impact on your finances".
- Mon Nov 06, 2023 5:41 am
- Forum: Personal Finance (Not Investing)
- Topic: Do you have an annual budget?
- Replies: 99
- Views: 11109
Re: Do you have an annual budget?
We tried a budget early in our married life. But it became a source of irritation. Instead, we agreed on 2 rules.
1) invest monthly in our 401ks via paycheck deduction, and
2) always payoff the monthly credit card bill.
Spend what's leftover.
https://www.calculator.net/401k-calculator.html
1) invest monthly in our 401ks via paycheck deduction, and
2) always payoff the monthly credit card bill.
Spend what's leftover.
https://www.calculator.net/401k-calculator.html
- Sat Nov 04, 2023 12:46 pm
- Forum: Personal Consumer Issues
- Topic: House is cold at night - need suggestions on what to do!
- Replies: 110
- Views: 11227
- Sat Nov 04, 2023 8:32 am
- Forum: Personal Consumer Issues
- Topic: House is cold at night - need suggestions on what to do!
- Replies: 110
- Views: 11227
Re: House is cold at night - need suggestions on what to do!
OP I asked Bing AI and it responded: If you’re looking for independent inspectors in California to determine house heat leaks, you can consider hiring a professional energy auditor. A professional energy assessment can provide you with an expertly designed roadmap to saving money and improving the comfort of your home 1. Your state or local government energy or weatherization office may help you identify a local company or organization that performs audits. Your energy utility may conduct residential energy assessments or recommend local auditors. The Residential Energy Services Network provides a directory of certified professional energy assessors near you 1. The American Society of Heating, Refrigerating, and Engineers Building Energy As...
- Fri Oct 27, 2023 6:51 am
- Forum: Personal Investments
- Topic: How to deal with the mental part of being invested in this market
- Replies: 104
- Views: 17276
Re: How to deal with the mental part of being invested in this market
Savers can count on no volatility; investors must accept it. Save for short-term needs; invest for your long-term needs. Buying stocks now when they're priced lower is a great opportunity for a new, young investor.
- Mon Oct 09, 2023 7:59 am
- Forum: Personal Finance (Not Investing)
- Topic: Passive Income Streams
- Replies: 96
- Views: 14200
Re: Passive Income Streams
OP,
We have interest income from farmland trust deeds from a local realty company. This is something a bit different than the usual SS, dividends and rent.
We have interest income from farmland trust deeds from a local realty company. This is something a bit different than the usual SS, dividends and rent.
- Fri Oct 06, 2023 6:17 am
- Forum: Investing - Theory, News & General
- Topic: Some of my friends are hesitant to invest due to their low income.
- Replies: 85
- Views: 10080
Re: Some of my friends are hesitant to invest due to their low income.
It was for me a matter of math. When I got out of university, I was broke. So poor, I did laundry in the sink; I survived on cabbage, rutabagas, and eggs and carrots - so much so that I skin had an orange glow - really! But I saved a bit every month, but budgeting has been easy for me. While I did not use Vanguard Star fund when it came out, I considered it; VGSTX. Had I saved just $1,000 a year tax deferred, that would be worth $278,000 now. I would use a calculator to show how just a few budget changes can make a huge difference. https://www.calculator.net/savings-calculator.html?cstartingprinciple=0&cannualaddition=1%2C000&cannualadditionincrease=0&cmonthlyaddition=0&cmonthlyadditionincrease=0&cinterestrate=8.94&...
- Thu Oct 05, 2023 7:53 am
- Forum: Personal Finance (Not Investing)
- Topic: Anybody else a retiree who is a conservative investor?
- Replies: 62
- Views: 8157
Re: Anybody else a retiree who is a conservative investor?
I'm 71, DW 69. Both retired and taking Social Security.
60/40 allocation. I consider myself conservative because the fixed income portion alone could support our spending at a withdrawal rate of 3.7% (although that's not what we're doing).
My Investment Policy Statement objectives are to generate income for retirement, achieve real portfolio growth, fund charitable giving and leave legacy. Since we're investing for giving and legacy, I suppose I could have a higher stock allocation, but I'm conservative.
60/40 allocation. I consider myself conservative because the fixed income portion alone could support our spending at a withdrawal rate of 3.7% (although that's not what we're doing).
My Investment Policy Statement objectives are to generate income for retirement, achieve real portfolio growth, fund charitable giving and leave legacy. Since we're investing for giving and legacy, I suppose I could have a higher stock allocation, but I'm conservative.
- Tue Oct 03, 2023 2:36 pm
- Forum: Personal Consumer Issues
- Topic: How much do you spend a month on food?
- Replies: 334
- Views: 29235
Re: How much do you spend a month on food?
$695 for two adults for groceries, restaurants at least once a week and liquor.
- Tue Sep 26, 2023 8:44 am
- Forum: Personal Consumer Issues
- Topic: Eggs
- Replies: 150
- Views: 17671
Re: Eggs
Egg in an avocado half. Bake at 425F for 15 minutes.
- Mon Sep 11, 2023 6:36 am
- Forum: Personal Finance (Not Investing)
- Topic: retirement spending
- Replies: 167
- Views: 17857
Re: retirement spending
When DW and I got married (1977) we had nothing but jobs. We lived in a rented trailer house, drove old cars and didn't take vacations. We didn't spend much because we didn't have much. But we invested automatically every paycheck and never carried credit card debt.
Now we're retired. Thanks, basically, to 'time in market' we've accumulated more than enough. We built a lake home, drive new cars and take annual international vacations. We spend more because we have more. Average $110K per year. We think we earned it.
Now we're retired. Thanks, basically, to 'time in market' we've accumulated more than enough. We built a lake home, drive new cars and take annual international vacations. We spend more because we have more. Average $110K per year. We think we earned it.
- Tue Sep 05, 2023 8:00 am
- Forum: Investing - Theory, News & General
- Topic: What motivated you to save money?
- Replies: 232
- Views: 28001
Re: What motivated you to save money?
I wasn't particularly fond of being a lower middle class farm kid. However, I did learn good work habits; you can't take a day off when taking care of animals.
- Thu Aug 17, 2023 8:52 am
- Forum: Personal Finance (Not Investing)
- Topic: Is 64 too young to retire?
- Replies: 124
- Views: 13442
Re: Is 64 too young to retire?
I retired at 60, 11 years ago. Seems like yesterday. Life goes fast, then faster...
- Sun Jul 23, 2023 6:43 am
- Forum: Personal Finance (Not Investing)
- Topic: What role has generosity played in your wealth building?
- Replies: 160
- Views: 13844
Re: What role has generosity played in your wealth building?
I'm a giver. As George Castanza pointed out, we're living in a society here. https://www.youtube.com/watch?v=LHhbdXCzt_A&t=3s
- Fri Jul 21, 2023 7:50 am
- Forum: Personal Consumer Issues
- Topic: SoftwareGeek's Guide to Computer Security
- Replies: 608
- Views: 71448
Re: What do you do about online/internet security for retirement accounts?
I'm convinced that the weakest link in the security chain is me. I'm not afraid of a hacker. I'm more concerned about clicking on a link that somebody sends me or my DW in an email or text. The rule is: don't react to an invitation, always take the initiative.
- Thu Jul 06, 2023 7:32 am
- Forum: Personal Finance (Not Investing)
- Topic: PeerStreet (Peer to Peer) Bankruptcy and Impact on Investors
- Replies: 29
- Views: 6787
Re: PeerStreet (Peer to Peer) Bankruptcy and Impact on Investors
I received this email response from Blake at PeerStreet when I requested that my Portfolio investment be liquidated: Hi, To confirm, Peer Street, Inc. and its affiliated companies (“PeerStreet”) filed for protection under chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware on Monday, June 26, 2023. Please see Press Release: https://www.businesswire.com/news/home/20230627574012/en/PeerStreet-Files-for-Chapter-11-Bankruptcy-Protection In light of PeerStreet's recent Chapter 11 bankruptcy filing, all transactions have been paused. PeerStreet will ultimately be seeking a distribution construct approved by the Court to pay investors. Information about the bankruptcy case including Fr...
- Wed Jul 05, 2023 7:23 am
- Forum: Personal Finance (Not Investing)
- Topic: PeerStreet (Peer to Peer) Bankruptcy and Impact on Investors
- Replies: 29
- Views: 6787
Re: PeerStreet (Peer to Peer) Bankruptcy and Impact on Investors
I've had fun money invested in PeerStreet for over 5 years. I still have money in loans and also in Portfolio. I believe I need to file a claim. There are 15 cases to choose from. Here's the form: https://cases.stretto.com/public/x247/1 ... d56a77.pdf
For my loans I believe I need to check the Peer Street Funding, LLC box. For my Portfolio I think it's PS Portfolio-ST1, LLC. Can anyone confirm this?
I wonder if I can use one form or are two separate forms required? Any help would be appreciated on how to fill out the form. Thanks.
For my loans I believe I need to check the Peer Street Funding, LLC box. For my Portfolio I think it's PS Portfolio-ST1, LLC. Can anyone confirm this?
I wonder if I can use one form or are two separate forms required? Any help would be appreciated on how to fill out the form. Thanks.
- Tue Jun 27, 2023 8:33 am
- Forum: Personal Consumer Issues
- Topic: Viking vs. Tauck River Cruise
- Replies: 16
- Views: 4430
Re: Viking vs. Tauck River Cruise
We haven't done a Tauck trip but have done 4 Viking River cruises and 1 Viking ship cruise. We really enjoy Viking. Every member of staff is courteous and helpful. There are no kids and no casinos. The food is excellent and a fully stocked bar. Free wine and beer at lunch and dinner. There's an included shore excursion at each stop. And many optional excursions offered at additional cost. Plus, there are lots of interesting people to meet.
- Thu Jun 22, 2023 6:36 am
- Forum: Personal Consumer Issues
- Topic: Family vacation ideas (kids 3, 6yo)?
- Replies: 38
- Views: 3538
Re: Family vacation ideas (kids 3, 6yo)?
We took annual vacations with our young boys. The thing I'd advise is always stay at hotels with swimming pools, since that was always the kids' main interest.
- Wed Jun 14, 2023 8:04 am
- Forum: Personal Finance (Not Investing)
- Topic: If your net worth is over $3 million, how did you do it?
- Replies: 913
- Views: 239060
Re: If your net worth is over $3 million, how did you do it?
I like to think I did it all on my own, but I realize that I had help:
* Farm SAH mom took a factory job so us kids could attend college. I won a 4-yr scholarship from that company. Graduated w/o debt--- Thanks, Mom.
* Got a job in production management. A secretary made sure I enrolled in the company 401K.--- Thanks, Soni
* Married someone who had career in the legal profession and shared my views on money. --- Love ya, honey
* Worked for a company that offered a pension, a 401k plan and performance stock options--- Thanks, BD
* Farm SAH mom took a factory job so us kids could attend college. I won a 4-yr scholarship from that company. Graduated w/o debt--- Thanks, Mom.
* Got a job in production management. A secretary made sure I enrolled in the company 401K.--- Thanks, Soni
* Married someone who had career in the legal profession and shared my views on money. --- Love ya, honey
* Worked for a company that offered a pension, a 401k plan and performance stock options--- Thanks, BD
- Sun Jun 11, 2023 8:35 am
- Forum: Investing - Theory, News & General
- Topic: Error in firecalc.com
- Replies: 6
- Views: 997
- Wed Jun 07, 2023 1:23 pm
- Forum: Personal Finance (Not Investing)
- Topic: What does the IRS need to know about the house I bought for my son?
- Replies: 5
- Views: 1053
What does the IRS need to know about the house I bought for my son?
Last year my DW and I bought a small house for our disabled son. We paid cash. We pay the real estate taxes and the insurance. Our trust is the legal owner of our home and this second house. My son pays the monthly utilities. He doesn't pay us rent.
What does the IRS need to know about what we've done? We plan to meet with our CPA but I thought I'd ask here, too.
Thank you.
What does the IRS need to know about what we've done? We plan to meet with our CPA but I thought I'd ask here, too.
Thank you.
- Sun May 28, 2023 6:26 am
- Forum: Investing - Theory, News & General
- Topic: Do you track your returns, and if so, why?
- Replies: 103
- Views: 8599
Re: Do you track your returns, and if so, why?
Yes, I track my portfolio balance monthly. Why? Same reason I visit this forum daily: it's interesting to me.
- Fri May 05, 2023 7:09 am
- Forum: Investing - Theory, News & General
- Topic: When is Compounding more important than working?
- Replies: 36
- Views: 5486
Re: When is Compounding more important than working?
Maybe this helps: https://www.investor.gov/financial-tool ... calculator
Set the "interest variance range" to zero. Good luck.
Set the "interest variance range" to zero. Good luck.
- Fri May 05, 2023 6:55 am
- Forum: Personal Finance (Not Investing)
- Topic: In Hindsight, did you retire at the right time?
- Replies: 109
- Views: 12909
Re: In Hindsight, did you retire at the right time?
Retiring early wasn't a goal for me. I enjoyed my career up until the point I didn't, so I decided to retire (10 years ago at age 60). The first couple of years I did some parttime work for "something to do". Now I've filled the time with several volunteer gigs which provide more satisfaction. Good luck.
- Wed Apr 26, 2023 6:36 am
- Forum: Personal Consumer Issues
- Topic: Dying is Expensive!
- Replies: 147
- Views: 13641
Re: Dying is Expensive!
I like the idea of human composting. Check it out here: https://recompose.life/
As they say, "Recompose works directly with you and the people in your life to ensure respectful, empathetic service from the time of death through the body’s transformation into soil."
To me it seems more helpful to the planet than ashes.
As they say, "Recompose works directly with you and the people in your life to ensure respectful, empathetic service from the time of death through the body’s transformation into soil."
To me it seems more helpful to the planet than ashes.
- Mon Apr 03, 2023 6:43 am
- Forum: Personal Finance (Not Investing)
- Topic: Best way to track expenses? Quicken or …?
- Replies: 117
- Views: 10034
Re: Best way to track expenses? Quicken or …?
Excel spreadsheet. Every Sunday I download the transactions from my banks and categorize them among 17 buckets. For unusual expenses I add a 'new note' to the cell entry. I don't care about lots of granularity. The whole process takes about 15 minutes.