Search found 268 matches

by Rudedog
Mon Mar 09, 2020 9:44 am
Forum: Personal Investments
Topic: Anyone buying oil/energy sector?!
Replies: 56
Views: 5342

Re: Anyone buying oil/energy sector?!

Looking out my office window, I see plenty of gasoline-powered cars going by. 18-wheelers, road graders, airplanes, etc, etc. I expect the big oil companies will be OK. Stay the course. I'm not buying any more right now, but I'm not selling either.
by Rudedog
Tue Mar 03, 2020 10:27 am
Forum: Personal Investments
Topic: so the Fed cut the rate, how does that affect the market? investors?
Replies: 25
Views: 1990

Re: so the Fed cut the rate, how does that affect the market? investors?

Market is up a bit right now. I guess the companies with a lot of debt, like Verizon will be happy. Xerox will be able to buy HP now, less interest to pay.
by Rudedog
Thu Feb 27, 2020 7:09 am
Forum: Investing - Theory, News & General
Topic: who is worried and feels like selling stocks?
Replies: 254
Views: 19178

Re: who is worried and feels like selling stocks?

51% equities, largest holding is VTI. As Jack Bogle advised, I'm staying the course.
by Rudedog
Tue Feb 25, 2020 5:18 pm
Forum: Investing - Theory, News & General
Topic: Coronavirus/Sector Impact
Replies: 17
Views: 1621

Re: Coronavirus/Sector Impact

My CDs and my bond funds haven't been hit too hard. My oil and gas stocks, XOM and MPC have been hit hard. Also utility stocks were hit hard today. Not a good day for the market, glad I am a long-term investor.
by Rudedog
Tue Feb 11, 2020 5:19 pm
Forum: Personal Finance (Not Investing)
Topic: How much do I need in my 529 per child?
Replies: 78
Views: 6349

Re: How much do I need in my 529 per child?

My three daughters averaged about $ 100,000 each, two have masters degrees. Glad that is behind me. I hope they help their children with college because Grandma and Grandpa are tapped out.
by Rudedog
Tue Feb 11, 2020 10:56 am
Forum: Personal Investments
Topic: Universal Life Insurance (asking for my mother)
Replies: 14
Views: 849

Re: Universal Life Insurance (asking for my mother)

She can pre-pay her funeral expenses with a reputable funeral home. My in-laws pre-paid their funeral expenses 20 years ago. Otherwise, she probably doesn't need much, if any, life insurance. You don't use life insurance to leave bequests. Tell her the life insurance is not a good investment.
by Rudedog
Mon Feb 10, 2020 7:08 pm
Forum: Personal Finance (Not Investing)
Topic: Getting audited: advice requested
Replies: 16
Views: 3163

Re: Getting audited: advice requested

These guys are like bulldogs. In their mind everybody owes tax. They'll try to run right over you figuring (1) you don't know any better, and (2) you just want to get it over with. I'd advise you to turn this over to a CPA.
by Rudedog
Sat Feb 08, 2020 10:22 pm
Forum: Personal Finance (Not Investing)
Topic: Wife's oncologist has stopped treatment, is recommending hospice
Replies: 93
Views: 15106

Re: Wife's oncologist has stopped treatment, is recommending hospice

So sorry to hear of this, prayers for you and your wife. Friend of ours in chemo now. Cancer is a tough foe.
by Rudedog
Thu Feb 06, 2020 9:33 pm
Forum: Personal Consumer Issues
Topic: Car repair - would you fix everything the mechanic suggested?
Replies: 39
Views: 2821

Re: Car repair - would you fix everything the mechanic suggested?

Older cars are the best! We have a 2007 Sienna, gonna keep it forever. These new ones.....meh.
by Rudedog
Thu Feb 06, 2020 9:22 pm
Forum: Personal Consumer Issues
Topic: What is the best concert you ever witnessed?
Replies: 434
Views: 32000

Re: What is the best concert you ever witnessed?

Harry Chapin and his band, 1979 or 1980. At a small local college, maybe 2,500 seats. It was great. RIP Harry. Second best was Aerosmith and Ted Nugent in 1976 at Illinois State University, although I was smoking weed so it may not have been as good as I remember. Heart, Rush, Blue Oyster Cult, Gene...
by Rudedog
Thu Feb 06, 2020 6:09 pm
Forum: Personal Investments
Topic: Suppose you inherited 150K (but) only have two choices*
Replies: 30
Views: 2010

Re: Suppose you inherited 150K (but) only have two choices*

I'd pay off my mortgage, its great to be debt free.
by Rudedog
Thu Feb 06, 2020 12:50 pm
Forum: Investing - Theory, News & General
Topic: How much to hold in cash during retirement?
Replies: 51
Views: 5410

Re: How much to hold in cash during retirement?

One year of spending in ICSH (Ultra-Short Bonds) and Vanguard Prime Money Market. Wife has cash in local credit union as she feels she needs to for security. I then have CD ladder, each equal to one year of spending, maturing over the following five years. So, in theory, we could last through a five...
by Rudedog
Mon Feb 03, 2020 8:04 pm
Forum: Personal Finance (Not Investing)
Topic: Health Insurance In Retirement
Replies: 32
Views: 3293

Re: Health Insurance In Retirement

Me--63 years old---$ 800/month
Wife--60 years old---$ 750 /month

This is a high-deductible plan--$ 4,700 deductible for each of us.

Very expensive.
by Rudedog
Fri Jan 31, 2020 9:04 am
Forum: Personal Investments
Topic: Portfolio review for 68 year old father in nursing home (POA)
Replies: 20
Views: 2207

Re: Portfolio review for 68 year old father in nursing home (POA)

My Mother was in a nursing home for 3 1/2 years. I feel for you, the road ahead will be rough. My Mother's nursing home costs were about $ 6,000 per month in LCOL area, but a good nursing home. Many of the residents there were in their 80s with dementia. Average stay until death was a little over 3 ...
by Rudedog
Wed Jan 29, 2020 2:18 pm
Forum: Personal Finance (Not Investing)
Topic: Made partner but no contract after 2 months, what should I do?
Replies: 45
Views: 3858

Re: Made partner but no contract after 2 months, what should I do?

I was a partner in a CPA firm for over 20 years. I had a written contract. You better believe, when I was getting ready for my retirement "buy-out" they held me to the exact terms of the contract, even to the extent of interpreting a couple of paragraphs differently than I did to the tune of about $...
by Rudedog
Sun Jan 26, 2020 9:26 pm
Forum: Personal Investments
Topic: Executor of an estate
Replies: 51
Views: 3768

Re: Executor of an estate

Any liabilities or claims that the estate owes ? Any estate tax due to the IRS? If the answer to both is no, I'd settle the estate and distribute most of the funds to the beneficiaries as soon as possible. Don't forget, the estate may have a tax liability regarding the deceased's final individual in...
by Rudedog
Mon Jan 20, 2020 5:40 pm
Forum: Personal Investments
Topic: How many months expenses held in cash in reirement
Replies: 46
Views: 2759

Re: How many months expenses held in cash in reirement

One year in Vanguard Prime Money Market. Then I have CDs maturing every June 30 for seven years, if I need cash, I'll tap those CDs each year.
by Rudedog
Fri Jan 10, 2020 9:25 am
Forum: Personal Investments
Topic: Need Advice: Bad Investment Advisor
Replies: 14
Views: 1480

Re: Need Advice: Bad Investment Advisor

I'd go ahead and file a complaint with FINRA, Wells Fargo might offer to settle. I'd name the advisor and Wells Fargo. Your complaint might be that the statements and communications should have been sent to the actual Trustees. It may be that once your grandfather put the funds in the account, he wa...
by Rudedog
Wed Jan 08, 2020 12:10 pm
Forum: Personal Investments
Topic: Using ICSH for funds I expect to need in 6 to 12 months
Replies: 12
Views: 1236

Using ICSH for funds I expect to need in 6 to 12 months

Is anyone using ICSH (iShares Ultra Short-Term Bond ETF) to earn a little income on funds they expect to need in 6 to 12 months ? Its paying just over 2% . I have been using Vanguard Prime MM to hold some short-term money.
by Rudedog
Thu Jan 02, 2020 10:18 pm
Forum: Personal Investments
Topic: Previous employer 401k: rollover or keep?
Replies: 9
Views: 647

Re: Previous employer 401k: rollover or keep?

I believe funds in a 401K have more protection from creditors than funds in a rollover IRA.
by Rudedog
Wed Jan 01, 2020 1:20 pm
Forum: Personal Investments
Topic: Mailing Rollover Check to Vanguard
Replies: 41
Views: 2219

Re: Mailing Rollover Check to Vanguard

I keep a copy of the check and mail it regular US mail. Vanguard usually receives in two or three days. One of the checks I mailed was several hundred thousand dollars. I called Vanguard before I mailed it and the rep told me to go ahead and send it US mail.
by Rudedog
Sun Dec 29, 2019 9:54 pm
Forum: Personal Consumer Issues
Topic: Getting a new Toyota Highlander.....
Replies: 25
Views: 2789

Re: Getting a new Toyota Highlander.....

Get the 2020, take a look at the hybrid.
by Rudedog
Wed Dec 04, 2019 10:40 pm
Forum: Personal Consumer Issues
Topic: Kia Sportage
Replies: 19
Views: 1838

Re: Kia Sportage

My daughter bought a new Sportage two years ago. She and her husband love it. No problems so far. I'd buy one, but its a bit small for an old man like me.
by Rudedog
Mon Dec 02, 2019 8:46 am
Forum: Personal Investments
Topic: Please Help - Analyze this annuity w/ income rider
Replies: 12
Views: 1075

Re: Please Help - Analyze this annuity w/ income rider

The "advisor" who sold them that annuity within an IRA should be ashamed of himself.
by Rudedog
Fri Nov 29, 2019 9:24 pm
Forum: Personal Finance (Not Investing)
Topic: Possible to negotiate private pay cost for nursing home?
Replies: 22
Views: 2593

Re: Possible to negotiate private pay cost for nursing home?

When my Mother and Father were in a nursing home, they were private pay all the way, I talked to the owner, a middle-aged man, about a discount. He courteously explained that they had a long waiting list, they were mostly private pay, and the only persons who received discounts from the published ra...
by Rudedog
Wed Nov 27, 2019 10:06 pm
Forum: Personal Consumer Issues
Topic: Is a minivan worth it?
Replies: 86
Views: 6939

Re: Is a minivan worth it?

Bought our first minivan in 1991---------I expect we will always have one. Sliding doors are great, fold down rear seats and can haul a lot of stuff. Current minivan is Toyota Sienna, 2007, 140,000 miles, a keeper.
by Rudedog
Sun Nov 24, 2019 10:44 pm
Forum: Personal Consumer Issues
Topic: Flaunt Your High-Mileage Car
Replies: 633
Views: 91343

Re: Flaunt Your High-Mileage Car

2009 Toyota Highlander---205,000 miles--great car

2007 Toyota Sienna---140,000 miles----plan to keep a few more years---great for helping kids move
by Rudedog
Sat Nov 23, 2019 8:55 pm
Forum: Personal Finance (Not Investing)
Topic: Am I Obligated To Pay Attorney Bill?
Replies: 85
Views: 6949

Re: Am I Obligated To Pay Attorney Bill?

YOU called him. Pay him. That's dirt cheap for a tax attorney.
by Rudedog
Tue Nov 19, 2019 9:38 am
Forum: Personal Investments
Topic: Thanks to Bogleheads for saving me $$$
Replies: 6
Views: 2203

Re: Thanks to Bogleheads for saving me $$$

Its amazing to look at other sites on the internet and see some of the bad information given or lack of knowledge, for things that are up-to-date, long-time habits and procedures and second nature to the Bogleheads. Always good information from the Bogleheads.
by Rudedog
Sat Nov 16, 2019 8:29 pm
Forum: Personal Consumer Issues
Topic: Toyota Highlander vs Subaru Ascent--Advice
Replies: 36
Views: 4293

Re: Toyota Highlander vs Subaru Ascent--Advice

I've owned two Highlanders. Great vehicles. We got almost 27 mpg on a thousand mile trip in September. V-6 engine has plenty of power.
by Rudedog
Sat Nov 16, 2019 8:22 pm
Forum: Personal Consumer Issues
Topic: AWD Camry
Replies: 52
Views: 6688

Re: AWD Camry

Snow tires
by Rudedog
Mon Nov 11, 2019 7:17 am
Forum: Personal Investments
Topic: Resource suggestions for recently retired father
Replies: 11
Views: 983

Re: Resource suggestions for recently retired father

Read the book Coffeehouse Investor, any book by John Bogle, any of the Bogleheads Guide books. These generally emphasize keeping things simple. FYI, its taken me well over a year to get our portfolio to where I am comfortable with it.
by Rudedog
Sat Nov 09, 2019 8:41 pm
Forum: Personal Investments
Topic: Spend It All vs. Leave $$ for the Kids
Replies: 192
Views: 16587

Re: Spend It All vs. Leave $$ for the Kids

Spend what we need, if anything is left over leave it to our three children, 1/3 each. All three of my children are tight with money, they don't waste it.
by Rudedog
Mon Nov 04, 2019 7:42 pm
Forum: Personal Investments
Topic: Parent's retirement investing help
Replies: 16
Views: 2127

Re: Parent's retirement investing help

They may need some of that money to pay the taxes incurred by cashing in the life insurance policies, generally some of that is taxable income.
by Rudedog
Mon Nov 04, 2019 9:33 am
Forum: Personal Investments
Topic: How much money is really needed in retirement?
Replies: 74
Views: 10494

Re: How much money is really needed in retirement?

A good friend of mine, retired for ten years and living in a low cost of living area, said you can get by just fine on $ 50K to $ 60K per year. About half of that comes from social security. Depends on your lifestyle.
by Rudedog
Sat Oct 26, 2019 9:28 am
Forum: Personal Consumer Issues
Topic: HVAC check ups?
Replies: 46
Views: 3384

Re: HVAC check ups?

Pay for Fall and Spring service. Bill is generally around $ 100 per visit, so $ 200 per year. My furnace and a/c (Carrier) are almost 18 years old, so we expect to replace in the near future. Last December, technician found cracked heat exchanger, Carrier has 25 year warranty on heat exchangers, so ...
by Rudedog
Sat Oct 26, 2019 9:21 am
Forum: Personal Finance (Not Investing)
Topic: Who does your tax returns?
Replies: 103
Views: 6264

Re: Who does your tax returns?

Retired CPA--I prepare the tax returns myself using tax software from the CPA firm I used to work for. I'll probably start using Turbotax at some point.

I usually "rough out" the tax returns in December using EXCEL and generally I am pretty close to what eventually gets filed.
by Rudedog
Mon Oct 21, 2019 6:58 am
Forum: Personal Investments
Topic: Large Position in Fidelity Blue Chip (FBGRX)
Replies: 24
Views: 2758

Re: Large Position in Fidelity Blue Chip (FBGRX)

FYI--many of these mutual funds have significant positions in Apple, Amazon, Google, Microsoft, Facebook, Netflix...........I'm just sayin'.
by Rudedog
Sat Oct 19, 2019 7:29 am
Forum: Personal Investments
Topic: Retiring and Getting Over The Fear of Quitting?
Replies: 84
Views: 10531

Re: Retiring and Getting Over The Fear of Quitting?

Retired at 62 years old January 1, 2019. So far we have done better than I projected money-wise. Retiring was a no-brainer for me as I had grown to extememly dislike the people I worked with, the endless meetings where nothing was accomplished, putting down employees behind their backs, the disingen...
by Rudedog
Fri Oct 18, 2019 6:14 am
Forum: Personal Investments
Topic: Use of tax advantaged accounts
Replies: 10
Views: 1339

Re: Use of tax advantaged accounts

Reasons to use tax-advantaged accounts--RMDs don't start until you are 70 1/2 under current tax law. The money can grow tax-free until you take RMD. If you are no longer working at 70 1/2 probably in a lower tax bracket. At your age, I'd fully fund tax-advantaged account first.
by Rudedog
Wed Oct 16, 2019 8:08 am
Forum: Personal Consumer Issues
Topic: Commuting dilemma
Replies: 34
Views: 2866

Re: Commuting dilemma

Camry hybrid or Rav-4 Hybrid, 45 to 50 mpg. Use for business only. Don't run the Lexus into the ground keep it for your personal vehicle, that car will last many years for personal use.
by Rudedog
Wed Oct 16, 2019 7:40 am
Forum: Personal Investments
Topic: More than one Investment Company
Replies: 21
Views: 1669

Re: More than one Investment Company

Vanguard--I've had accounts there over 20 years, very satisfied T D Ameritrade has some individual stocks that I keep for dividends Local banks, wife wants to be able to get money fast if she needs to I've been thinking of opening Fidelity account for cash management account and credit card rewards,...
by Rudedog
Wed Oct 16, 2019 7:29 am
Forum: Personal Investments
Topic: MassMutual Fixed Account Confusion
Replies: 4
Views: 397

Re: MassMutual Fixed Account Confusion

How old are you ? Does your plan allow participants who are at least 59 1/2 to take rollover distributions, take a distribution and roll over to a Vanguard rollover IRA ?
by Rudedog
Wed Oct 09, 2019 3:28 pm
Forum: Personal Consumer Issues
Topic: Help Me Decide on a New Vehicle?
Replies: 63
Views: 5588

Re: Help Me Decide on a New Vehicle?

Toyota Highlander or Honda Pilot.
by Rudedog
Wed Oct 02, 2019 4:05 pm
Forum: Investing - Theory, News & General
Topic: If you use Vanguard (Brokerage), why do you stay?
Replies: 58
Views: 7407

Re: If you use Vanguard (Brokerage), why do you stay?

I use Vanguard Brokerage to buy and trade Vanguard funds, have also bought some CDs when rates were good. I use TD Ameritrade to trade equities, but I keep that money separate from my Vanguard money. If Vanguard offered free trades, I'd probably move all my money to Vanguard. I'm sure they are consi...
by Rudedog
Wed Oct 02, 2019 10:22 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage math
Replies: 20
Views: 2222

Re: Mortgage math

It's great to have no mortgage !
by Rudedog
Mon Sep 30, 2019 10:16 am
Forum: Personal Investments
Topic: Advice for 95 year old
Replies: 14
Views: 2670

Re: Advice for 95 year old

Sorry for your loss. Get a good CPA to help you sort things out and transfer the assets, pay the bills, file tax returns, etc. My Mom passed two years ago, it was a lot of work. I worked with a good CPA who helped a lot.
by Rudedog
Mon Sep 30, 2019 7:03 am
Forum: Personal Investments
Topic: How do early retirees survive bad markets?
Replies: 26
Views: 5267

Re: How do early retirees survive bad markets?

I have one year expenses in Vanguard Prime MM, and a CD ladder that we could live on for several years, all in taxable. I won't have to touch my tax-advantaged accounts (I'm only 63) or sell equities if a bear market shows up. I watch my tax bracket, yeah I have to pay some tax on the interest, but ...
by Rudedog
Mon Sep 30, 2019 6:55 am
Forum: Personal Investments
Topic: Bonds vs. paying off mortgage - comparing returns
Replies: 9
Views: 1524

Re: Bonds vs. paying off mortgage - comparing returns

I had the same situation last year. I decided to pay off the mortgage, the sure thing. It gives me great peace of mind to have zero debt.