Search found 1439 matches

by bengal22
Wed Jan 10, 2018 10:15 am
Forum: Personal Finance (Not Investing)
Topic: What age did you become debt free and what opportunities did it create?
Replies: 142
Views: 24214

Re: What age did you become debt free and what opportunities did it create?

I consider positive net worth with sufficient liquidity to eliminate all debts immediately as debt free. If you disagree it's cool. Positive net worth with sufficient liquidity to eliminate debt is not the same thing as being debt-free. If you have debt, you are not debt-free. It's not a matter of ...
by bengal22
Sat Jan 06, 2018 2:42 pm
Forum: Local Chapters and Bogleheads Community
Topic: DD just got married !
Replies: 39
Views: 4706

Re: DD just got married !

Wish we could outlaw shorthand. DD is probably something daughter, DW is probably something wife, and I assume LBYM is probably either living beyond or below your means. If I am close, congrats. You must be PP.
by bengal22
Thu Jan 04, 2018 1:48 pm
Forum: Personal Finance (Not Investing)
Topic: Obtaining a Mortgage After Retirement
Replies: 7
Views: 910

Re: Obtaining a Mortgage After Retirement

Will officially retire from company at end of year. Will not have house paid off and not sure how long we will stay in said house. If we sell it and decide to purchase a smaller house/condo, how feasible is it to qualify for a mortgage without a job? Can you get a mortgage based on a healthy 401K a...
by bengal22
Wed Jan 03, 2018 7:33 am
Forum: Personal Consumer Issues
Topic: South Florida visit in early March
Replies: 20
Views: 1774

Re: South Florida visit in early March

On your day trip to the West Coast, I would recommend the Edison/Henry Ford Winter Home in Fort Myers. It is a really pretty area(palm tree lined street) and the museum is very interesting. It is maybe an hour from Bonita Springs.
by bengal22
Fri Dec 29, 2017 7:53 am
Forum: Personal Finance (Not Investing)
Topic: Confusion about prepaying property taxes
Replies: 139
Views: 15817

Re: Confusion about prepaying property taxes

I prepaid my property tax due in 2018 and I predict that the IRS will treat prepaid property tax the same as it has in years. I plan on including the prepayment in my deductions.
by bengal22
Mon Dec 25, 2017 10:58 am
Forum: Personal Finance (Not Investing)
Topic: Will you donate less to Charity?
Replies: 109
Views: 9209

Re: Will you donate less to Charity?

Money is fungible and one would try to avoid the mental accounting trap you can fall into when making some of these decisions, such as charitable giving. If you have a pie and you donate a portion of that pie to charity each year, wouldn't you assess the size of the pie next year and then decide wh...
by bengal22
Sun Dec 24, 2017 4:39 pm
Forum: Investing - Theory, News & General
Topic: 1st, your education. Then...Location, Location, Location
Replies: 66
Views: 9376

Re: 1st, your education. Then...Location, Location, Location

Earn all you Can, Save all you Can, Give all you Can. This coupled with build and nurture strong relationships with family and friends would sum up my advice to the young ones out there. Merry Christmas to All.
by bengal22
Sun Dec 24, 2017 4:36 pm
Forum: Personal Finance (Not Investing)
Topic: $5000 donor advised fund - fees seem awfully high
Replies: 21
Views: 2862

Re: $5000 donor advised fund - fees seem awfully high

Some foundations actually have free giving checkbook(online giving not actual paper checks) that have no fees. It works the same as a DAF but you do not have any fees. Of course, the money is not earning thing while it sits in the foundation but it is another option.
by bengal22
Sun Dec 24, 2017 4:33 pm
Forum: Personal Consumer Issues
Topic: What frugal thing did you do today?
Replies: 535
Views: 54420

Re: What frugal thing did you do today?

My avatar may be the Grinch but even I know this is the season of generosity not frugality. Being a Boglehead for me opens up opportunities for generosity and is not so much about being frugal. Merry Christmas to All. Of course, watching the Bengals win has made me all giddy.
by bengal22
Sun Dec 24, 2017 8:18 am
Forum: Personal Finance (Not Investing)
Topic: Will you donate less to Charity?
Replies: 109
Views: 9209

Re: Will you donate less to Charity?

Tax consideration was never a factor in my level of giving. I did things to enhance my taxes(like donating this month for next year's giving) but it was never a factor in my level of giving. My level of giving will not change due to tax considerations.
by bengal22
Mon Dec 18, 2017 4:45 pm
Forum: Personal Finance (Not Investing)
Topic: Term Life Insurance After Retirement
Replies: 13
Views: 959

Re: Term Life Insurance After Retirement

No need for life insurance in our case.
by bengal22
Wed Dec 13, 2017 6:03 am
Forum: Personal Finance (Not Investing)
Topic: State Farm Insurance, Time to Leave
Replies: 63
Views: 8026

Re: State Farm Insurance, Time to Leave

We have had State Farm for car and house for over 30 years and have never had the kind of rate increases some have mentioned. They have also been very responsive and more than fair when needed. We have comparison shopped over the years and have never got a better price. We would recommend State Farm.
by bengal22
Mon Dec 11, 2017 8:24 am
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 3891
Views: 1089247

Re: What Movie Have You Recently Watched?

Just watched "The Lovers" on Netflix. Fun movie.
by bengal22
Mon Dec 11, 2017 8:21 am
Forum: Investing - Theory, News & General
Topic: Is Santa Claus Coming To Town?
Replies: 9
Views: 1879

Re: Is Santa Claus Coming To Town?

When you "hold the course" Santa comes every year.
by bengal22
Fri Dec 08, 2017 6:09 pm
Forum: Personal Consumer Issues
Topic: Gift Giving Strategy for Married Couples
Replies: 20
Views: 2052

Re: Gift Giving Strategy for Married Couples

I like giving my wife jewelry and other fun items she would not normally buy for herself. We love going to Christmas Eve service, exchanging gifts the next morning, having a nice dinner with our kids and parents. We love the whole generous experience of Christmas.
by bengal22
Fri Dec 08, 2017 4:15 pm
Forum: Personal Finance (Not Investing)
Topic: Executor responsibilities
Replies: 44
Views: 3669

Re: Executor responsibilities

It is just one of my pet peeves that the whole probate/estate thing is "spun" so that everyone thinks that they have to have legal assistance. In my one experience they wanted 5K to fill out about 12 simple forms. Of course, in my case the 3 kids all got along and all it required was some documenta...
by bengal22
Fri Dec 08, 2017 8:09 am
Forum: Personal Finance (Not Investing)
Topic: Executor responsibilities
Replies: 44
Views: 3669

Re: Executor responsibilities

I'm assuming the other sibling is the other co-executor. Sometimes one of the co-executors will resign to stay out of the other's way. I'm not sure how things are coordinated if they decide to work together. I've been told that if they choose to "work together," and require legal assistance; they w...
by bengal22
Thu Dec 07, 2017 10:13 pm
Forum: Personal Finance (Not Investing)
Topic: Executor responsibilities
Replies: 44
Views: 3669

Re: Executor responsibilities

I'm assuming the other sibling is the other co-executor. Sometimes one of the co-executors will resign to stay out of the other's way. I'm not sure how things are coordinated if they decide to work together. I've been told that if they choose to "work together," and require legal assistance; they w...
by bengal22
Sun Dec 03, 2017 7:52 am
Forum: Personal Consumer Issues
Topic: Price of haircut?
Replies: 194
Views: 14377

Re: Price of haircut?

After reading this string of posts, I really need to have a talk with the wife. She charges me $17 plus $5 tip for my monthly haircut. Plus I have to wash my own hair.
by bengal22
Sun Dec 03, 2017 7:46 am
Forum: Personal Finance (Not Investing)
Topic: PSA: consider pre-paying your property taxes and January mortgage payment
Replies: 25
Views: 3942

Re: PSA: consider pre-paying your property taxes and January mortgage payment

One common strategy for taxes is to lump your expenses every other year. That way you itemize one year and the next you use the standard deduction. This year for me is an especially good time to do that. I had some high medical bills so I am pulling up charitable giving, buying glasses, and paying m...
by bengal22
Sat Dec 02, 2017 4:13 pm
Forum: Personal Finance (Not Investing)
Topic: Best Financial Moves You've Made
Replies: 158
Views: 24083

Re: Best Financial Moves You've Made

burt wrote:
Thu Jan 12, 2017 6:56 pm
primetime5 wrote:#1 Pay tithing .
That's a good one. "wink" :wink:

burt
"Earn all you can, Give all you can, Save all you can." John Wesley. Trying to follow a balance approach to a financial lifestyle has been my best move.
by bengal22
Thu Nov 30, 2017 1:18 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Restricted Application Dettails
Replies: 9
Views: 1528

Re: Social Security Restricted Application Dettails

I am in a similar situation, turning 66 in March, wife already collecting SSA. When is the latest month I can apply to get my first payment in April? Based on OP I assume I can apply now. Is it recommend to call or visit your local SSA office when doing a restricted application?
by bengal22
Wed Nov 29, 2017 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: Estate planning question (should we add beneficiaries to savings account?)
Replies: 33
Views: 2449

Re: Estate planning question (should we add beneficiaries to savings account?)

In Ohio you don't need a lawyer and it is good to have TOD on bank accounts. When FIL died a lawyer wanted 5K to handle a 300K estate.We did it ourselves. We had to complete about 10 forms with the county and it cost about $300 for court costs. The only things that went through probate were the hous...
by bengal22
Tue Nov 28, 2017 11:31 am
Forum: Personal Consumer Issues
Topic: How Do You Stay Current With Music?
Replies: 111
Views: 6970

Re: How Do You Stay Current With Popular Music?

runner3081 wrote:
Tue Nov 28, 2017 11:24 am
Good question. It made me realize that I am completely stuck in music I already know.
That's OK in my book. Van Morrison, Buckingham/McVie, Randy Newman, Greg Allman, Allsion Krauss, Jeff Beck have all put out good albums recently. I tend to return to the same old well.
by bengal22
Tue Nov 28, 2017 11:22 am
Forum: Investing - Help with Personal Investments
Topic: Fidelity vs Vanguard for solo 401k?
Replies: 4
Views: 985

Re: Fidelity vs Vanguard for solo 401k?

I have admiral shares in my IRA with Vanguard. But I split my IRA's between Vanguard and Fidelity and I would recommend them both. They both have a good choice of low cost, index funds.
by bengal22
Sun Nov 26, 2017 12:30 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 3891
Views: 1089247

Re: What Movie Have You Recently Watched?

Mudbound. Just released to theaters but it is also on Netflix. I would recommend it highly.
by bengal22
Sat Nov 25, 2017 7:38 pm
Forum: Investing - Help with Personal Investments
Topic: Anyone tired of the stock market going up?
Replies: 338
Views: 38012

Re: Anyone tired of the stock market going up?

I would think if one is stressed while the market is going up then one would be more stressed when the market is going down or the market is flucuating or if the market has flatlined. Just remember that we are in for the long haul and that STRESSED spelled backwards is DESSERTS. As someone who is i...
by bengal22
Sat Nov 25, 2017 10:17 am
Forum: Investing - Help with Personal Investments
Topic: Anyone tired of the stock market going up?
Replies: 338
Views: 38012

Re: Anyone tired of the stock market going up?

I would think if one is stressed while the market is going up then one would be more stressed when the market is going down or the market is flucuating or if the market has flatlined. Just remember that we are in for the long haul and that STRESSED spelled backwards is DESSERTS.
by bengal22
Sat Nov 25, 2017 10:10 am
Forum: Personal Consumer Issues
Topic: Etiquette question: going out to dinner with friends and how to split the bill
Replies: 86
Views: 6773

Re: Etiquette question: going out to dinner with friends and how to split the bill

The one nice thing about living in a flyover state is that the wait staff will split the bill anyway you want it split. Even the high-end restaurants.
by bengal22
Wed Nov 22, 2017 2:10 pm
Forum: Investing - Help with Personal Investments
Topic: Reminder, donations and Amazon
Replies: 3
Views: 456

Re: Reminder, donations and Amazon

now i see see it. thanks,
by bengal22
Wed Nov 22, 2017 2:02 pm
Forum: Investing - Help with Personal Investments
Topic: Reminder, donations and Amazon
Replies: 3
Views: 456

Re: Reminder, donations and Amazon

Did not know that about Amazon. Is there a way to keep the link front and center so it does not sink over time. Plus it would be a good reminder.
Thanks for all you do.
by bengal22
Wed Nov 22, 2017 1:54 pm
Forum: Investing - Help with Personal Investments
Topic: How do you define success in your life?
Replies: 46
Views: 2602

Re: How do you define success in your life?

Roof over my head, good wife to share it with, great kids that now appreciate me, grandkids that are excited to see me, friends with low expectations that support me, Bengals win the Super Bowl. 5 out of 6 is pretty successful in my book.
by bengal22
Tue Nov 21, 2017 12:04 pm
Forum: Investing - Help with Personal Investments
Topic: Slice and Dice
Replies: 40
Views: 4059

Re: 8 Lazy Portfolios

i have seen members list there portfolios some of there are significantly sliced and diced with 7 8 9 different funds ie small cap value small cap blend etc..my question is how much can that really add to a portfolio over what a 3 fund portfolio. I ask because at some point its just not worth manag...
by bengal22
Sun Nov 19, 2017 3:34 pm
Forum: Investing - Theory, News & General
Topic: Book for new college graduate
Replies: 20
Views: 1771

Re: Book for new college graduate

"Oh the Places You Will Go." Dr Seuss

Good life advice and encouragement.
by bengal22
Sat Nov 18, 2017 7:42 pm
Forum: Investing - Theory, News & General
Topic: Anti-Index Fund Arguments - Help staying the course.
Replies: 19
Views: 2952

Re: Anti-Index Fund Arguments - Help staying the course.

I have read widely and the reason I am here is that I subscribe to the theory that most (if not all), cannot consistently beat the market average by actively investing. I know that many people who spout arguments against index investing are exercising willful ignorance at their underperformance, or...
by bengal22
Fri Nov 17, 2017 8:12 pm
Forum: Investing - Help with Personal Investments
Topic: Who has had a 3 or 4 Fund Portfolio the past 10 - 15 years?
Replies: 9
Views: 2929

Re: Who has had a 3 or 4 Fund Portfolio the past 10 - 15 years?

I am gravitating to a 3 fund portfolio for my tax deferred/tax free accounts. I will be there by the end of the year. However, I have 3 funds(active) in my taxable account that I will not sell because of their appreciation. However, 2 of these funds - Wellesley and Wellington - because of low costs,...
by bengal22
Thu Nov 16, 2017 7:40 pm
Forum: Investing - Theory, News & General
Topic: Where did you first learn about investing?
Replies: 98
Views: 7137

Re: Where did you first learn about investing?

Parents opened up a savings a count for me when I was 8. I learned the importance of compound interest and the importance of saving regular when my account grew.
by bengal22
Mon Nov 13, 2017 12:26 pm
Forum: Personal Consumer Issues
Topic: Anyone Tried Soylent?
Replies: 24
Views: 2044

Re: Anyone Tried Soylent?

rebellovw wrote:
Mon Nov 13, 2017 10:15 am
Green is mighty tasty
:wink: Who would name a food source soylent?
by bengal22
Sun Nov 12, 2017 7:17 pm
Forum: Local Chapters and Bogleheads Community
Topic: To Avatar or Not - Get One? How did you choose?
Replies: 137
Views: 10736

Re: To Avatar or not to Avatar . . how did you choose or not choose?

I stole Christmas one year and then had a huge change of heart.
by bengal22
Thu Nov 09, 2017 2:40 pm
Forum: Personal Consumer Issues
Topic: Gifts for a marathoner
Replies: 25
Views: 2462

Re: Gifts for a marathoner

Wireless headset... Voltz.
by bengal22
Thu Nov 09, 2017 2:39 pm
Forum: Investing - Theory, News & General
Topic: New CEO Tim Buckley: To run Vanguard, 'you have to be willing not to be a billionaire'
Replies: 24
Views: 5034

Re: New CEO Tim Buckley: To run Vanguard, 'you have to be willing not to be a billionaire'

this is the part I'm intersted in: HOW LOW WILL FEES GO? If you invest in Vanguard you own Vanguard. We’re a mutual structure. It means the overhead is zero. We try to make the best returns we can in our business. To grow faster, to be more successful, like any other company. (When there is) extra ...
by bengal22
Thu Nov 09, 2017 2:22 pm
Forum: Investing - Help with Personal Investments
Topic: Annuity for winning the game
Replies: 39
Views: 4193

Re: Annuity for winning the game

Thank you in advance. I am very very slowly coming (10 years) to the conclusion that there maybe a place to augment my investments with an annuity. I am 63 years old (SS at 70) and have been lucky (no inheritance things just worked out) with enough money to live a very good lifestyle on 2% withdraw...
by bengal22
Thu Nov 09, 2017 2:05 pm
Forum: Personal Finance (Not Investing)
Topic: pick one for me..
Replies: 14
Views: 1500

Re: pick one for me..

Hard to answer without knowing how much you have in taxable. In my case, I retired early 60's and I have used my taxable account to make up the difference between my pension income and my wife's SSA versus my expenses. I am holding off until 70 to claim my SSA. So once my SSA kicks in and I have to ...
by bengal22
Thu Nov 09, 2017 1:58 pm
Forum: Investing - Help with Personal Investments
Topic: Starting retirement planning
Replies: 12
Views: 1186

Re: Starting retirement planning

To get back to the OP's original question... there's really no difference between the 2 funds or the 2 companies in my humble opinion. You will get a ton of anecdotal posts about customer service, brick and mortar locations, ownership structures, yada, yada, yada. But I have both and would recommend...
by bengal22
Thu Nov 09, 2017 11:59 am
Forum: Investing - Help with Personal Investments
Topic: Starting retirement planning
Replies: 12
Views: 1186

Re: Starting retirement planning

They are both 90/10 stock to bond and both have about 1/3 of their stock in international. Some may think the bond % should equal your age but I think at your young age it does not hurt to have a heavy stock makeup. Of course the main thing at your age is to earn all you can and save all you can. So...
by bengal22
Tue Nov 07, 2017 10:13 pm
Forum: Investing - Theory, News & General
Topic: madsinger monthly report (October 2017)
Replies: 9
Views: 1940

Re: madsinger monthly report (October 2017)

Hello, I'm new to this forum. How does one use these statistics? Who manages these portfolios? Thanks In his intro, madsinger gives an explanation of what each portfolio that he tracks represents. You can check the WIKI here for other model portfolios. I think it is important to track ones own port...
by bengal22
Thu Nov 02, 2017 9:00 pm
Forum: Investing - Help with Personal Investments
Topic: Should I invest my emergency fund?
Replies: 29
Views: 4955

Re: Should I invest my emergency fund?

I do not have an emergency fund per se. All of my investments are liquid because I can sell one day and in most cases cut a check the next day. If I need money same day I can use a credit card. I am one that believes that one should be earning all he can on all of his money. Now if I know I have a f...
by bengal22
Thu Nov 02, 2017 8:52 pm
Forum: Personal Finance (Not Investing)
Topic: WR calculation [Withdrawal Rate]
Replies: 40
Views: 3170

Re: WR calculation [Withdrawal Rate]

fidelity.com has a great retirement income planner where you have to add assets, liabilities, anticipated income, anticipated expenses. It accounts for different timings on income streams and then it will calculate your cash flow. Its a great planning tool.
by bengal22
Thu Nov 02, 2017 9:26 am
Forum: Personal Consumer Issues
Topic: Do you Mow your own Lawn?
Replies: 90
Views: 4537

Re: Do you Mow your own Lawn?

Mow my own I do.
by bengal22
Tue Oct 31, 2017 9:04 pm
Forum: Local Chapters and Bogleheads Community
Topic: South Florida Local Chapter
Replies: 338
Views: 68485

Re: South Florida Local Chapter

Are snowbirds welcome at the meeting? I am in fort Myers in January and I know its a drive but I would like to meet some fellow bogleheads.