Search found 158 matches

by desertbandit442
Thu Aug 08, 2013 11:59 am
Forum: Personal Consumer Issues
Topic: mens non-iron pants buying suggestion
Replies: 9
Views: 3933

Re: mens non-iron pants buying suggestion

I bought pants from Land's End, they're very nice dockers-like. Land's End has regular sales, 40% off, that make them quite reasonable. Also, they allow for great inseam/length customization, you can get 33x33.5 if you want, and choose your style (pleats/cuffs or neither/mix). The inseam length cus...
by desertbandit442
Thu Aug 08, 2013 11:50 am
Forum: Personal Investments
Topic: How often to do re-allocate for drift?
Replies: 14
Views: 1334

Re: How often to do re-allocate for drift?

I look to see if in need to re-balance once a year, around the end of January/beginning of February.
by desertbandit442
Tue Apr 23, 2013 9:28 am
Forum: Personal Finance (Not Investing)
Topic: Check for abandoned property -- worked twice for me
Replies: 58
Views: 9312

Re: Check for abandoned property -- worked twice for me

I sent in a claim with all the required documentation to the state of Texas after locating a few shares of stock from an old employee plan that got lost in a move 29 years ago. That was several months ago, but I never got any reply. I have proof of mailing. Do these claims take months to settle or ...
by desertbandit442
Mon Apr 22, 2013 10:42 am
Forum: Personal Finance (Not Investing)
Topic: Real Estate Closing
Replies: 18
Views: 2258

Re: Real Estate Closing

I just tell them that I won't be at the closing until I have seen and reviewed the final closing document. They always seem to find a way to get it to me then, usually the evening before or the morning of, for an afternoon closing.
by desertbandit442
Mon Apr 22, 2013 10:38 am
Forum: Personal Finance (Not Investing)
Topic: Check for abandoned property -- worked twice for me
Replies: 58
Views: 9312

Re: Check for abandoned property -- worked twice for me

Thanks! Found ~$200 for myself, but a few thousand for my deceased relatives. ThatGuy, I'm wondering if you (or anyone else) has acted on the situation of deceased relatives. The form for California just has a place to put in your own name. Not a place to delineate the lines of succession. I could ...
by desertbandit442
Mon Apr 22, 2013 10:29 am
Forum: Personal Finance (Not Investing)
Topic: Estate settlement issues - need advice
Replies: 12
Views: 1343

Re: Estate settlement issues - need advice

Did the estate go through probate? Is the estate closed with the state/county? I know in my state/county, an accounting document has to be filed annually with the probate court until the estate closes, then there is a final accounting document filed with the court. Has any of this occurred in this c...
by desertbandit442
Sat Mar 23, 2013 9:54 am
Forum: Personal Consumer Issues
Topic: Midlife Crisis
Replies: 109
Views: 15184

Re: Midlife Crisis

Go see your favorite band in concert, with VIP tickets, and stay at a Ritz Carlton for the weekend. Call that your midlife crisis and be done with it.
by desertbandit442
Sat Mar 23, 2013 9:48 am
Forum: Investing - Theory, News & General
Topic: How do I build wealth?
Replies: 87
Views: 10640

Re: How do I build wealth?

Save and invest long term--When your investment portfolio is growing more each year than you make, then you are on your way! That makes me feel wealthy.
by desertbandit442
Sat Mar 23, 2013 9:41 am
Forum: Personal Investments
Topic: 529s for Grandchildren that you don't have yet
Replies: 29
Views: 2413

Re: 529s for Grandchildren that you don't have yet

Open one in your own name/SSN and then re-designate it when the grandchild is born.
by desertbandit442
Thu Mar 07, 2013 4:39 pm
Forum: Investing - Theory, News & General
Topic: What's your number? Why?
Replies: 258
Views: 33825

Re: What's your number? Why?

I haven't determined my number yet, so I'd like to ask a related question. Is it worth it for investors in the 25-35 age range to go through the exercise or trying to come up with a number given the huge uncertainties involved? My current strategy is just to save as much as I can. A general seconda...
by desertbandit442
Mon Feb 25, 2013 10:30 am
Forum: Personal Consumer Issues
Topic: That Frugal Thing You Do
Replies: 587
Views: 141407

Re: What's your favorite frugal thing(s) to do?

Just drink tap water and black coffee - gave up drinking all sweetened beverages (regular and diet), also don't drink any bottled water. Don't go to the movie theater, just wait until the movie comes out on DVD to rent or wait until it's on TV/netflix. Read library books. About 3 times a year, I'll ...
by desertbandit442
Sun Feb 24, 2013 10:14 am
Forum: Personal Finance (Not Investing)
Topic: What should I do regarding sibling?
Replies: 53
Views: 4130

Re: What should I do regarding sibling?

I know your heart is in the right place but, it is not your responsibility--let it go. I would help her with just food, if it came to that.
by desertbandit442
Sat Feb 23, 2013 10:00 am
Forum: Personal Investments
Topic: should I consider home equity part of asset allocation?
Replies: 27
Views: 6893

Re: should I consider home equity part of asset allocation?

AA - No
Net Worth Day-to-Day - No, because I am retired and in my final home (as far as I know); it's paid off and I don't plan on generating any income from it.
Net Worth Estate Planning - Yes, but I'm not close enough to the 5 million yet to worry about it.
by desertbandit442
Fri Feb 22, 2013 9:17 am
Forum: Personal Finance (Not Investing)
Topic: How to make it easier for spouse upon death
Replies: 91
Views: 14447

Re: How to make it easier for spouse upon death

I maintain a Word document which I update frequently identifying everything we have and where I keep it.. Such as wills, car titles, home papers, insurance policies, credit cards, bank and investment accounts, accounts paid by auto withdrawal from our checking account, computerized spreadsheets, et...
by desertbandit442
Fri Feb 22, 2013 9:00 am
Forum: Personal Finance (Not Investing)
Topic: How much do you spend in a week? (Mon-Sun)
Replies: 50
Views: 4860

Re: How much do you spend in a week? (Mon-Sun)

Averages about $650 a week; retired with spouse, and father-in-law living with us, no mortgage.
by desertbandit442
Tue Feb 19, 2013 11:13 am
Forum: Personal Finance (Not Investing)
Topic: Where were you financially in your late twenties?
Replies: 191
Views: 17743

Re: Where were you financially in your late twenties?

Late 20s was around 1980-1982 time frame for me. Just returned from a remote tour in Korea, where I was able to start saving a % of pay every month. No debt with a goal to save 10% every month, but was more in the 5-7% area of paying myself first for 4-5 years before I reached the 10% goal. Started ...
by desertbandit442
Wed Feb 13, 2013 9:21 am
Forum: Investing - Theory, News & General
Topic: Stocks are at a 5 year high, now what?
Replies: 55
Views: 9083

Re: Stocks are at a 5 year high, now what?

DCA and stay the course. This might be the low for the next five years?
by desertbandit442
Sat Feb 09, 2013 10:54 am
Forum: Personal Investments
Topic: How to start investing on minimum wage/part time job?
Replies: 28
Views: 2753

Re: How to start investing on minimum wage/part time job?

Yes, all the previous advice is true. But, I believe it is important to get in the "habit" of saving, then investing every month. If you establish this habit early in life, it makes things easier later in life. I think too many people feel they want to start saving--then investing when they get a be...
by desertbandit442
Sat Feb 09, 2013 9:44 am
Forum: Personal Finance (Not Investing)
Topic: Running out of money
Replies: 51
Views: 11142

Re: Running out of money

"For me, it is living on income streams--pension, ss, interest, dividends and the like; without have to touch principal of my "nest egg." " If you don't need to touch your principal, then you have more than you need. Yes, that is a true statement. The OP question was about being "confident" about n...
by desertbandit442
Thu Feb 07, 2013 9:49 am
Forum: Personal Finance (Not Investing)
Topic: Running out of money
Replies: 51
Views: 11142

Re: Running out of money

For me, it is living on income streams--pension, ss, interest, dividends and the like; without have to touch principal of my "nest egg."
by desertbandit442
Mon Feb 04, 2013 12:56 pm
Forum: Personal Investments
Topic: Social Security - Why Delay ?
Replies: 145
Views: 8023

Re: Social Security - Why Delay ?

I would take it at 62, if I were single. The only reason I am delaying is so my wife will have a larger benefit, which will replace my pension when I go. If my wife were to go first, I will start taking SS at 62 to invest/continue funding 529 plans, etc.
by desertbandit442
Sat Feb 02, 2013 11:50 am
Forum: Personal Finance (Not Investing)
Topic: What's a better term for 'retired'?
Replies: 97
Views: 11161

Re: What's a better term for 'retired'?

Couldn't resist. How about Private Investment Management Provider (PIMP) :twisted:
by desertbandit442
Mon Jan 07, 2013 3:47 pm
Forum: Personal Finance (Not Investing)
Topic: Becoming an Independent Contractor---seeking advice
Replies: 8
Views: 1388

Re: Becoming an Independent Contractor---seeking advice

The best advice I offer is to take half the money you earn as an IC and put it a separate checking account to cover federal taxes (and self-employment taxes--the other half of ss and medicare taxes an employer used to pay), state taxes, and fund an IRA. Pay your federal and state taxes quarterly. Yo...
by desertbandit442
Thu Jan 03, 2013 7:53 am
Forum: Personal Finance (Not Investing)
Topic: letting life insurance proceeds past through estate
Replies: 6
Views: 775

Re: letting life insurance proceeds past through estate

Probate fees will be higher in county of state where estate is filed for probate, insurance pay out will be in estate until dispersal of assets is allowed, and if estate is contested, then life insurance will be frozen in estate until settled. Life insurance pay out is usually fairly quick to benefi...
by desertbandit442
Tue Jan 01, 2013 8:19 am
Forum: Investing - Theory, News & General
Topic: What was your 2012 return?
Replies: 275
Views: 27144

Re: What was your 2012 return?

11.93% with 70/30 stocks to bonds.
by desertbandit442
Wed Dec 26, 2012 6:02 am
Forum: Personal Investments
Topic: How to put value on military pension?
Replies: 29
Views: 5990

Re: How to put value on military pension?

I work my military pension backwards to figure out its value to me. It may be right or it may be wrong, but it works for me! One common withdrawal rate from investments in retirement is no more than 4 percent. I know that figure is arguable, some people may say 3 percent or even 2 percent now days?...
by desertbandit442
Wed Dec 26, 2012 5:54 am
Forum: Personal Investments
Topic: How to put value on military pension?
Replies: 29
Views: 5990

Re: How to put value on military pension?

I work my military pension backwards to figure out its value to me. It may be right or it may be wrong, but it works for me! One common withdrawal rate from investments in retirement is no more than 4 percent. I know that figure is arguable, some people may say 3 percent or even 2 percent now days? ...
by desertbandit442
Thu Dec 20, 2012 9:40 am
Forum: Personal Consumer Issues
Topic: Jeep Wranglers
Replies: 22
Views: 3359

Re: Jeep Wranglers

I have a 2002 Jeep Wrangler Sport. Now has 185,000 plus miles on it and loving it. Best thing about the wrangler--don't have to wash it if it's dirty: it's a jeep, it's supposed to be dirty. Don't have to worry if it gets a ding in it, it's just a jeep.
by desertbandit442
Wed Dec 19, 2012 9:46 am
Forum: Personal Consumer Issues
Topic: What kind of car are you driving?
Replies: 368
Views: 40418

Re: What kind of car are you driving?

2002 new Jeep Wrangler. Now has 180,000 miles on it. I usually don't buy new, but my goal is to drive it for 500,000 miles or 25 years, whichever comes first. I knew with it being new what the maintenance history was on the jeep--mainly regular oil changes to meet my goal.
by desertbandit442
Wed Dec 19, 2012 9:32 am
Forum: Personal Finance (Not Investing)
Topic: The last word: Pay off Mortgage early decision
Replies: 48
Views: 4417

Re: The last word: Pay off Mortgage early decision

I voted for the 1st one, but I also don't look at my home as an investment and do not figure it in my net worth. I look at a home as a necessity--shelter. I carried a mortgage when I was working and moving around; but now that I am retired and in our final home we just payed cash. I want to simplify...
by desertbandit442
Thu Dec 13, 2012 8:56 am
Forum: Personal Consumer Issues
Topic: TurboTax - How many returns?
Replies: 14
Views: 14345

Re: TurboTax - How many returns?

State returns you get one electronic filing, then have to pay for each electronic filing after that. You can always print out the state returns and mail them.
by desertbandit442
Thu Dec 13, 2012 8:35 am
Forum: Personal Consumer Issues
Topic: Looking for advice to reduce / avoid "clutter"
Replies: 88
Views: 32608

Re: Looking for advice to reduce / avoid "clutter"

This can become a serious problem! Just start small with one project a week and do it--clean out a desk, then clean out a file cabinet, then kitchen cabinets, then a closet, etc. I moved back to a town close to my parents about six years ago. Their house could have been on an episode of "Hoarders." ...
by desertbandit442
Thu Jun 21, 2012 8:13 am
Forum: Personal Finance (Not Investing)
Topic: If you could read one piece of literature on Social Security
Replies: 14
Views: 2200

Re: If you could read one piece of literature on Social Secu

I found "Social Security Strategies: How to Optimize Retirement Benefits" by William Reichenstein and William Meyer to be very beneficial as a source for explaining the different options and timing for benefits.
by desertbandit442
Mon Jun 11, 2012 9:59 am
Forum: Personal Investments
Topic: We inherited $200,000 and here is my synopsis of the market
Replies: 163
Views: 13955

Re: We inherited $200,000 and here is my synopsis of the mar

The OP wanted a critique. Here's my critique: When the Dow drops to 11,000 and you buy, it may still go to 10,000. When it goes to 7,500, you'll lose even more and probably want to get out, given that this is "found" money. Either way, you will be in the position of having lost money, which is what...
by desertbandit442
Sun Jun 03, 2012 8:16 am
Forum: Personal Finance (Not Investing)
Topic: Anyone regret paying off mortgage early?
Replies: 505
Views: 134866

Re: Anyone regret paying off mortgage early?

No regrets here, but this is my final home as far as I plan.
by desertbandit442
Thu May 24, 2012 7:13 am
Forum: Personal Finance (Not Investing)
Topic: Homeowners Insurance beginner questions
Replies: 8
Views: 1433

Re: Homeowners Insurance beginner questions

Yes, shop around for insurance. Also, check with the company where you have your auto insurance. You may be able to obtain a lower cost if you "bundle" your auto and homeowner's with the same company. It is not critical to delay closing over while you shop around--don't let it stress you. You can al...
by desertbandit442
Thu May 17, 2012 8:14 am
Forum: Personal Investments
Topic: For all you older guys/gals close to retirement: Any advice?
Replies: 35
Views: 3928

Re: For all you older guys/gals close to retirement: Any adv

For most of us, income from our job is the biggest/only wealth building asset--so you have to control your income that way: 1.) Save/invest 10% or more of your gross pay, 10% of take-home is the absolute minimum. You gotta do this right from the get go! Pay yourself first. It may be hard at first, b...
by desertbandit442
Tue May 15, 2012 8:42 pm
Forum: Personal Finance (Not Investing)
Topic: my credit score went down 69 points
Replies: 28
Views: 3753

Re: my credit score went down 69 points

Just probably because your credit card balance went up. Doesn't matter to them it's not due until June. The credit companies take a snapshot, like on a day of the week or month--I'm not sure how often and figure the percentage of credit against your maximum credit card allowance. You may pay your cr...
by desertbandit442
Tue May 15, 2012 11:40 am
Forum: Personal Finance (Not Investing)
Topic: importance of preparation for death/ incapacity
Replies: 9
Views: 1960

Re: importance of preparation for death/ incapacity

Sorry for your sudden loss--it is a very trying time to get through things like this; dealing with the emotional aspects, much less trying to figure out the financials. Another thing it have thought about is that I pay bills on-line, but I still won't go to paperless billing because if something hap...
by desertbandit442
Sun May 06, 2012 5:44 pm
Forum: Personal Investments
Topic: In debt--Need Help --
Replies: 39
Views: 4433

Re: In debt--Need Help --

Save up an emergency fund covering six months worth of your monthly expenses (w/o the gambling expense, because you're not going to be doing that anymore!). This should be your first step after paying off payday loan/s.
by desertbandit442
Sat May 05, 2012 11:40 am
Forum: Personal Investments
Topic: Forms for transferring funds to Vanguard
Replies: 8
Views: 2439

Re: Forms for transferring funds to Vanguard

Direct transfer can be done through Vanguard site--sign into your account, select what you want to do, answer the questions and it will print out the forms with information filled-in that you can sign, send to Vanguard and they will handle the transfer. I just did it two weeks ago--no problem.
by desertbandit442
Sun Apr 29, 2012 1:42 pm
Forum: Personal Consumer Issues
Topic: When do you allow yourself to buy a "Want"
Replies: 57
Views: 4509

Re: When do you allow yourself to buy a "Want"

If I still want it after waiting a year. Most of the time the want goes away.
by desertbandit442
Wed Apr 25, 2012 3:15 pm
Forum: Personal Consumer Issues
Topic: How is it possible to save and get out of debt?
Replies: 83
Views: 7206

Re: How is it possible to save and get out of debt?

I'd make the Porsche a long term goal for when you become CEO, or pay cash for it when you retire at 50, 55, or 60 and have no other debt.
by desertbandit442
Wed Apr 25, 2012 12:25 pm
Forum: Personal Finance (Not Investing)
Topic: 1st Day of Retirement
Replies: 44
Views: 4927

Re: 1st Day of Retirement

Retired with no debt, including no mortgage, it was an exhilarating feeling of real freedom! I don't remember exactly what I did, but it was whatever I wanted--I have that same feeling of true freedom everyday.
by desertbandit442
Wed Apr 25, 2012 9:18 am
Forum: Investing - Theory, News & General
Topic: At the top of the mountain - now, what?
Replies: 38
Views: 3640

Re: At the top of the mountain - now, what?

Steve, I have been subjecting this question to a lot of analysis lately as I visit my father (still in apartment with my mother). He is 86 and deteriorating. I had always believed you keep working as it is "stimulating". I also now have done simple addition. Many of us are good physically and menta...
by desertbandit442
Wed Apr 25, 2012 8:57 am
Forum: Investing - Theory, News & General
Topic: At the top of the mountain - now, what?
Replies: 38
Views: 3640

Re: At the top of the mountain - now, what?

Forget the financial advisor and buy a copy of Jim Otar's great book, "Unveiling the Retirement Myth." It's by far the best book on retirement "decumulation" strategies I've ever read. The book includes tons and tons of quantitative data - - perhaps too much in places - - but it also has remarkably...
by desertbandit442
Sat Apr 21, 2012 8:04 am
Forum: Personal Finance (Not Investing)
Topic: Buying a home with cash
Replies: 11
Views: 1936

Re: Buying a home with cash

Paid cash for our home last year. Had a real estate agent, had a home inspection done, and the closing company/attorney handled all the title search/insurance and closing documents as per a normal closing. The only difference is that no bank/mortgage company involved as an earlier post said and a lo...
by desertbandit442
Fri Apr 20, 2012 8:15 pm
Forum: Personal Consumer Issues
Topic: Advice on retirement...not financial, but what to do all day
Replies: 72
Views: 7340

Re: Advice on retirement...not financial, but what to do all

Actually read the newspaper and magazines Read Boglehead Boards Read self-help, nonfiction, and fiction books Go to the fitness center 1-2 hours a day Do some laundry Driving range/golf Road trip for 2-3 days whenever you want Vacuum a couple of days a week Study asset allocation Take an afternoon n...
by desertbandit442
Thu Apr 12, 2012 4:13 pm
Forum: Personal Finance (Not Investing)
Topic: Does anyone here use a CPA for their taxes?
Replies: 58
Views: 4779

Re: Does anyone here use a CPA for their taxes?

Does anyone know if there is a software program for me to use to file a 1041 (for my Moms estate, I am trustee). Robert I used Turbo Tax Business to do my Dad's estate. It has the 1041 and will generate the K-1s for the estate. Does not provide as much additional information as the Turbo Tax softwa...
by desertbandit442
Thu Apr 12, 2012 4:01 pm
Forum: Personal Finance (Not Investing)
Topic: Does anyone here use a CPA for their taxes?
Replies: 58
Views: 4779

Re: Does anyone here use a CPA for their taxes?

I started doing my own taxes in the early 80s when Money Magazine would run a tax scenario every year and have 50 tax experts, CPAs, etc. work the taxes and they would come up with 50 different answers. I figured I could come up with a different answer on my own without paying anyone.