Search found 1923 matches

by 22twain
Sun May 26, 2019 2:49 pm
Forum: Personal Finance (Not Investing)
Topic: Annuity purchase
Replies: 27
Views: 2900

Re: Annuity purchase

What is a life annuity. You pay an insurance company a lump sum of money. They pay you a monthly amount for the rest of your life. Optionally, you can designate a beneficiary e.g. your spouse, and the payments continue until both of you are dead. In that case the monthly payments are smaller for a ...
by 22twain
Sat May 25, 2019 5:18 pm
Forum: Personal Finance (Not Investing)
Topic: Will my checks work?
Replies: 26
Views: 1884

Re: Will my checks work?

My bank was bought out by a larger bank. I am still using checks that show the old bank, and have the old account number. Everything works. Same here. In my case my current account number (as shown on statements and online) is the same as the old account number (as shown on the checks). The old rou...
by 22twain
Sat May 25, 2019 6:09 am
Forum: Personal Investments
Topic: NOOB trying to learn (yes im a tad late age 52)
Replies: 9
Views: 2024

Re: NOOB trying to learn (yes im a tad late age 52)

When I asked Taylor Larimore (go read some of his recent posts) what his asset allocation is, he told me: Last I looked it was about 25% Vanguard Total Bond Market Index Fund and 75% Total Stock Market Index Fund (my income supports my modest lifestyle). Keep in mind that Taylor is 95. :wink: https...
by 22twain
Fri May 24, 2019 11:57 am
Forum: Personal Investments
Topic: Bond Fund for new investor
Replies: 17
Views: 891

Re: Bond Fund for new investor

I was assuming the Vanguard Total Bond VBMFX. But I am reading about long-term bonds, short-term bonds, and feeling a little overwhelmed. Not to mention, international bonds etc. My rule of thumb is that the more people here argue about something like this, the less difference it's likely to make i...
by 22twain
Thu May 23, 2019 11:22 am
Forum: Investing - Theory, News & General
Topic: just a general comment about "too conservative" investors here
Replies: 151
Views: 14886

Re: just a general comment about "too conservative" investors here

The Dow first flirted with 1,000 in 1966 when I was in middle school. All through high school, college, and graduate school, it bounced around mostly underneath 1,000. When I finished my Ph.D. in 1982, it passed the 1,000 mark for what turned out to be the last time (so far!). But of course I didn't...
by 22twain
Wed May 22, 2019 7:34 pm
Forum: Personal Investments
Topic: Frozen by uncertainty, really want to unfreeze
Replies: 34
Views: 3328

Re: Frozen by uncertainty, really want to unfreeze

I'm not certain which tax bracket I'm in. I have an accountant who simply tells me whether I owe anything or get a refund. Do you have a copy of your 2018 tax return which was submitted this past April? If so, look up your taxable income on line 10, then do a Google search for "tax brackets 2018" a...
by 22twain
Wed May 22, 2019 6:46 am
Forum: Personal Investments
Topic: Is an emergency just mental accounting?
Replies: 70
Views: 5761

Re: Is an emergency just mental accounting?

venkman wrote:
Tue May 21, 2019 10:33 pm
And job loss is more likely during a recession, when stocks will almost certainly be down
"Bonds, James. Bonds."
by 22twain
Wed May 22, 2019 6:33 am
Forum: Personal Finance (Not Investing)
Topic: How much house (% of NW) should a retiree have?
Replies: 16
Views: 1968

Re: How much house (% of NW) should a retiree have?

My inclination is to get a place roughly comparable to my current one. But would it be wise to aim higher... $400K, maybe, or more? Why do you think it might be wise to aim higher? Do you want more space? A better neighborhood? From a purely financial point of view, I think the main issue should be...
by 22twain
Tue May 21, 2019 4:04 pm
Forum: Personal Finance (Not Investing)
Topic: What to do when you have enough?
Replies: 31
Views: 4081

Re: What to do when you have enough?

Skyccord wrote:
Tue May 21, 2019 3:33 pm
She has inherited a huge lump sum of money
How huge, compared to her expenses? Approximately how old is she?
by 22twain
Tue May 21, 2019 3:40 pm
Forum: Personal Investments
Topic: Is an emergency just mental accounting?
Replies: 70
Views: 5761

Re: Is an emergency just mental accounting?

Yes, the average American doesn't have an after-tax brokerage account. Says who? The average AGI (adjusted) in Oregon is $57,000 and Portland is HCOL. How then is it possible to max out all retirement vehicles? We make more than that and I still couldn't max out everything. We're in a southeastern ...
by 22twain
Mon May 20, 2019 1:55 pm
Forum: Personal Consumer Issues
Topic: Essen Germany...what’s around ?
Replies: 12
Views: 654

Re: Essen Germany...what’s around ?

Bonn I thought was pretty dull - not sure what museums there are. Bonn has the Beethoven-Haus , which includes the composer's birthplace and has the world's largest collection of Beethoven artifacts. Also the Haus der Geschichte , a contemporary-style museum (interactive exhibits etc.) about the hi...
by 22twain
Mon May 20, 2019 12:09 pm
Forum: Personal Finance (Not Investing)
Topic: What can a $120K spending budget do in early retirement years?
Replies: 23
Views: 4377

Re: What can a $120K spending budget do in early retirement years?

large U.S. based house in a low cost of living area. How large a house? Ours is probably rather small by most people's standards on this forum: about 2000 sf, 3 bd, 2 ba, detached carport, smallish lot, no fancy landscaping. (3) $15,000, home (property tax, insurance, repairs), For us, $2,000-$2,50...
by 22twain
Mon May 20, 2019 6:44 am
Forum: Personal Investments
Topic: VTSAX or VTI to move funds from Chase You Invest to another institution
Replies: 4
Views: 474

Re: VTSAX or VTI to move funds from Chase You Invest to another institution

I imagine that there would be pretty steep fees associated with purchasing the Mutual Fund (VTSAX) compared to the ETF (VTI) at Chase. That was my first thought, too. However, according to Chase's fee schedule (PDF), there are no commissions when you buy or sell mutual funds (e.g. VTSAX) online. Th...
by 22twain
Sun May 19, 2019 12:36 pm
Forum: Personal Finance (Not Investing)
Topic: [Death in family - First steps to pay beneficiaries?]
Replies: 6
Views: 599

Re: Father passed - First steps to taking over finances?

debts, taxes etc must be paid before beneficiaries receive money. Is it safe to “assume” vanguard won’t pay beneficiaries until I, as executor, tell vanguard it’s ok to do so? Are you perhaps confusing beneficiaries specified by a will with beneficiaries specified by TOD/POD designations in specifi...
by 22twain
Sun May 19, 2019 9:10 am
Forum: Personal Finance (Not Investing)
Topic: FIRE - What am I missing in the News Stories
Replies: 223
Views: 14571

Re: FIRE - What am I missing in the News Stories

saved 70% of their income and maxed out their 401K and now at 35 they have 1.2 million dollars and are retired. First off - how are they figuring on getting the401K money out until they are 59.5?? At that savings rate they probably have a significant fraction of their money in after-tax accounts an...
by 22twain
Fri May 17, 2019 3:24 pm
Forum: Personal Investments
Topic: HELP!!! 401k/403b questions....
Replies: 12
Views: 781

Re: HELP!!! 401k/403b questions....

Is the 401k also with TIAA?

As for why they restrict 403b contributions like that, you'd probably have to ask the university's benefits office. This is the first time I've ever heard of such a thing.
by 22twain
Fri May 17, 2019 11:29 am
Forum: Personal Finance (Not Investing)
Topic: New Bank suggestions in South Carolina
Replies: 8
Views: 695

Re: New Bank suggestions in South Carolina

I can't help you with Fidelity, because my only experience with them is walking past their office on Main Street when I visit Greenville. When I first came to my small town more than 30 years ago, I went with the locally-owned hometown bank. The owners sold out a few years later, and after three cha...
by 22twain
Fri May 17, 2019 8:46 am
Forum: Personal Consumer Issues
Topic: Bigger car, less economical but more safe.. Get used to smaller car over time?
Replies: 106
Views: 7237

Re: Bigger car, less economical but more safe.. Get used to smaller car over time?

Nowizard wrote:
Fri May 17, 2019 8:19 am
Some, larger vehicles are quite economical in terms of reliability, mileage and expense (Repairs and insurance). Our Odyssey, for example, is currently getting 5+ mpg [...]
Did you leave out a digit there? :shock:
by 22twain
Thu May 16, 2019 5:42 am
Forum: Personal Investments
Topic: Income stream post retirement.
Replies: 35
Views: 3332

Re: Income stream post retirement.

I let the dividends from my taxable ETFs go into my money market fund. About once a year, I estimate how much I need for the coming year from my investments, estimate the dividends and subtract them, and sell enough shares to cover the difference, placing the proceeds in the money market fund. When ...
by 22twain
Tue May 14, 2019 11:12 pm
Forum: Personal Consumer Issues
Topic: Retirement home property - select good, better, best?
Replies: 27
Views: 3029

Re: Retirement home location, good, better, best

megabad wrote:
Tue May 14, 2019 10:03 pm
Houston area has good hospitals and a major airport. Moderate cost of living. Somewhat shielded from hurricanes. This puts me someplace like Galveston or similar. :D
Seems to me that Houston tends to flood a lot when it rains a lot, though. (not just in hurricanes)
by 22twain
Tue May 14, 2019 10:22 pm
Forum: Personal Investments
Topic: How to calculate exactly how much money you'll have by retirement?
Replies: 75
Views: 7861

Re: How to calculate exactly how much money you'll have by retirement?

Here are calculators you can use to assess the range of results from different levels of contributions: 1) www.firecalc.com ; and 2) www.i-orp.com. On FireCalc's home page ("Start Here" tab) I entered 0 for the initial portfolio, and 30 for the number of years. On the "Not Retired?" tab, I entered ...
by 22twain
Mon May 13, 2019 10:54 pm
Forum: Forum Issues and Administration
Topic: For how long will the forum be around?
Replies: 94
Views: 7652

Re: For how long will the forum be around?

How long will the forum be around?

42.

(note I did not specify the units :wink: )
by 22twain
Mon May 13, 2019 9:49 am
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 1016
Views: 272223

Re: Share your net worth progression

Net worth figures in dollars are meaningless without context. If they were stated as multiples of annual expenses they would be more meaningful. I suppose I'd better practice what I preach, so here is my progression in financial assets as a multiple of my estimated expenses (including taxes, and as...
by 22twain
Mon May 13, 2019 8:22 am
Forum: Investing - Theory, News & General
Topic: 100% stocks with 3% SWR with 60 years retirement period
Replies: 40
Views: 3764

Re: 100% stocks with 3% SWR with 60 years retirement period

The FIRE group notwithstanding, most people don't have the luxury of a 60 year retirement period.
by 22twain
Mon May 13, 2019 6:38 am
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 1016
Views: 272223

Re: Share your net worth progression

What is an above average net worth to have at 30, 35, and 40? Assuming you're married, and both have good careers. Insufficient data for a meaningful answer. It makes a difference whether you're in a major coastal metro area like NYC, LA or SF, or in a medium sized city in flyover country, or in a ...
by 22twain
Sun May 12, 2019 11:57 pm
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 1016
Views: 272223

Re: Share your net worth progression

What is an above average net worth to have at 30, 35, and 40? Assuming you're married, and both have good careers. Insufficient data for a meaningful answer. It makes a difference whether you're in a major coastal metro area like NYC, LA or SF, or in a medium sized city in flyover country, or in a ...
by 22twain
Sun May 12, 2019 7:33 am
Forum: Personal Finance (Not Investing)
Topic: Cash Deposit Bank
Replies: 22
Views: 1777

Re: Cash Deposit Bank

Have your paperwork handy showing the legal reason for large deposits in case of such a visit. In the case of a wedding gift as described earlier in the thread, what might the appropriate paperwork be? Perhaps a wedding certificate documenting the date, and a perhaps a gift card/letter from the gif...
by 22twain
Sun May 12, 2019 7:04 am
Forum: Personal Investments
Topic: Direction of interest rates
Replies: 19
Views: 1896

Re: Direction of interest rates

celia wrote:
Sun May 12, 2019 3:53 am
It wasn't hard, at all, to predict the direction interest rates would go when they were close to zero.

There was nowhere to go, but up!
Tell that to people in Europe and Japan. :wink:
by 22twain
Sun May 12, 2019 2:48 am
Forum: Investing - Theory, News & General
Topic: Composition and safety of TIAA traditional annuity
Replies: 28
Views: 2362

Re: Composition and safety of TIAA traditiona annuity

FWIW, Standard & Poors currently rates the TIAA general account and US Government debt the same: AA+. Whether that gives you the warm fuzzies or scares you is up to the reader :-) IIRC during the showdown between the US Congress and administration over the federal debt ceiling in summer 2011, at le...
by 22twain
Sat May 11, 2019 4:03 pm
Forum: Personal Investments
Topic: Use 8.1 % of assets for12.5 monthly income?
Replies: 21
Views: 1979

Re: Use 8.1 % of assets for12.5 monthly income?

antiqueman wrote:
Sat May 11, 2019 12:21 pm
We are considering using 8.1% of our stock/bonds assets to purchase a nominal annuity. The payout on the annuity would be 12.5 of our monthly income in retirement.
How did you decide on that amount to annuitize?
by 22twain
Fri May 10, 2019 12:36 pm
Forum: Personal Consumer Issues
Topic: Good town to stop on I-81
Replies: 42
Views: 3330

Re: Good town to stop on I-81

Regularly make the drive from CLT to Charlottesville. Always go I85 CLT -> Greensboro then US29 Greensbor -> Charlottesville. Much more pleasant drive without much travel time penalty. We also much prefer US-29 over I-81. We've taken that route a couple of times, continuing from Charlottesville to ...
by 22twain
Fri May 10, 2019 6:29 am
Forum: Personal Finance (Not Investing)
Topic: If your net worth is over $3 million, how did you do it?
Replies: 404
Views: 101886

Re: How many reached +3 million in <20 years and how?

[deleted - no longer needed after thread merge]
by 22twain
Fri May 10, 2019 6:13 am
Forum: Personal Investments
Topic: I will inherit 2Mil What to do with it?
Replies: 54
Views: 8303

Re: I will inherit 2Mil What to do with it?

Easy to tell someone to do a a 60/40 but it really does not make any sense for me to do that. Some people want to continue to grow their money as much as possible in retirement, even though they don't they don't really need the money for themselves. Sometimes they want to leave more money to heirs ...
by 22twain
Thu May 09, 2019 8:31 pm
Forum: Personal Investments
Topic: Dividends are reinvested but I end up paying taxes out of pocket at tax time.
Replies: 12
Views: 1991

Re: Dividends are reinvested but I end up paying taxes out of pocket at tax time.

I suppose you could have tax withheld from the dividend payment itself depending on the brokerage or account(containing whatever security or money market) producing the dividend,but that would mean even more 1099 forms to worry about at tax filing time. I don't have tax withheld from my dividends, ...
by 22twain
Wed May 08, 2019 8:54 pm
Forum: Personal Investments
Topic: How to convert mutual fund expense ratio to dollars?
Replies: 28
Views: 10185

Re: How to convert mutual fund expense ratio to dollars?

let's say at start of year portfolio value is 20,000. During that year you invest 3,000 more dollars in your portfolio. Is TER calculated based on those 3,000 or based on 23,000? Neither. It's based partly on 20,000 and partly on 23,000, depending on long the amount invested was at those two values...
by 22twain
Wed May 08, 2019 8:40 am
Forum: Personal Investments
Topic: I will inherit 2Mil What to do with it?
Replies: 54
Views: 8303

Re: I will inherit 2Mil What to do with it?

hawaii808 wrote:
Tue May 07, 2019 9:14 pm
I want to retire on on the 2 mIl as I am 70 of age.
How much do you have in other assets? (IRA, 401k, etc.)

About how much do you spend per year?

How much Social Security are you receiving?

All this affects how much you need to earn and/or draw from the $2M.
by 22twain
Wed May 08, 2019 8:27 am
Forum: Personal Investments
Topic: The 4% rule
Replies: 94
Views: 6606

Re: The 4% rule

yousha wrote:
Wed May 08, 2019 8:14 am
Does the RMD withdrawal abide by the 4% suggestion?
I suggest you clarify what you mean by "abide by the 4% suggestion."
by 22twain
Tue May 07, 2019 9:30 am
Forum: Personal Consumer Issues
Topic: Which US city would you move to?
Replies: 74
Views: 7288

Re: Which US city would you move to?

.... I would rather follow our son to whichever college he picks.... I'm sure he'd love that. :oops: DW's parents actually did that. They liked her college town so much that they started looking for a house there while she was still in school. She was terrified that they would actually succeed. For...
by 22twain
Mon May 06, 2019 5:52 am
Forum: Personal Investments
Topic: Boglehead investing through a major downturn
Replies: 36
Views: 3810

Re: Boglehead investing through a major downturn

If you become a tenured professor, you will not lose your job in an economic downturn; tenured professors are much harder to fire or lay off than ordinary employees. It does happen, although not often. Western Illinois University lays off 132 faculty and staff (Chicago Tribune) Of the faculty membe...
by 22twain
Fri May 03, 2019 10:31 pm
Forum: Personal Consumer Issues
Topic: outdoor antenna to watch local TV channels
Replies: 5
Views: 588

Re: outdoor antenna to watch local TV channels

Any recommendations on outdoor antennas? what's the typical price range? As with real estate, perhaps even more so, the answer depends on "location, location, location!" The recommendation for antennaweb.org is a good one. A similar site is tvfool.com, but its database doesn't appear to have been u...
by 22twain
Thu May 02, 2019 4:44 pm
Forum: Investing - Theory, News & General
Topic: Three things you should never do with your investments
Replies: 13
Views: 2562

Re: Three things you should never do with your investments

Using as a metaphor, something your mother probably admonished you at the dinner table when you were a kid:

"Don't play with your food!"
by 22twain
Thu May 02, 2019 4:29 pm
Forum: Personal Finance (Not Investing)
Topic: Rolled over and melting down
Replies: 72
Views: 6897

Re: Rolled over and melting down

The Wizard wrote:
Thu May 02, 2019 4:14 pm
One needs a certain minimum accumulation amount at TIAA to be assigned a WMA. I forget how much.
A few years ago it was $500K. Might have changed since then.
by 22twain
Thu May 02, 2019 12:18 am
Forum: Personal Consumer Issues
Topic: 4 Gorgeous Beach Towns Where You Can Comfortably Retire on $40,000 a Year
Replies: 56
Views: 8759

Re: 4 Gorgeous Beach Towns Where You Can Comfortably Retire on $40,000 a Year

TheTimeLord wrote:
Wed May 01, 2019 5:31 pm
What do you think of the Greenville/Asheville area?
Greenville is at least 3 hours driving time (plus rest stops) from the beach (Charleston area) and Asheville is another hour. I visit Greenville regularly and like it, but I wouldn't choose it for quick access to the beach.
by 22twain
Tue Apr 30, 2019 4:51 am
Forum: Personal Consumer Issues
Topic: Toilets that never get used
Replies: 38
Views: 5603

Re: Toilets that never get used

I thought I read somewhere (?) there's a business you can hire where people come to your home and use the unused restrooms for you. Airpnp? That's the one where they pay you. I bet you can make a lot of money if you live near a big tourist attraction. :beer AirPnP rent-out-your-toilet app launched ...
by 22twain
Fri Apr 26, 2019 6:12 pm
Forum: Personal Consumer Issues
Topic: What Are Your Simple Pleasures?
Replies: 145
Views: 12358

Re: What Are Your Simple Pleasures?

DanMahowny wrote:
Wed Apr 17, 2019 4:29 pm
60-90 minute showers.
For that amount of time, I prefer to soak in the tub while reading a few magazines.
by 22twain
Fri Apr 26, 2019 6:12 am
Forum: Personal Consumer Issues
Topic: What Are Your Simple Pleasures?
Replies: 145
Views: 12358

Re: What Are Your Simple Pleasures?

The weekly senior citizens' discount buffet at the local pizza joint.
by 22twain
Wed Apr 24, 2019 6:03 pm
Forum: Personal Investments
Topic: Getting into investing
Replies: 17
Views: 1249

Re: Getting into investing

Right now I have around 200$ invested in some ETFs that pay out monthly dividends and I am looking to purchase some more and keep them as long term investments. Why are you specifically interested in dividends? If you're investing for the long term, I assume you're reinvesting the dividends. In tha...
by 22twain
Mon Apr 22, 2019 10:29 am
Forum: Investing - Theory, News & General
Topic: Cash Flow vs Appreciation - Same thing?
Replies: 23
Views: 1036

Re: Cash Flow vs Appreciation - Same thing?

Thank you, dbr. Funny enough, considering this brings me back to my original question... is there a difference between paying yourself via dividends vs selling stocks that have appreciated? Or are they the same in the end but one emotionally feels better? They are basically the same in the end. See...
by 22twain
Mon Apr 22, 2019 12:29 am
Forum: Personal Investments
Topic: T. Rowe Price Claims they consistently beat Indexing
Replies: 39
Views: 7423

Re: T. Rowe Price Claims they consistently beat Indexing

Does T. Rowe Price charge a fee for investing in mutual funds only? Like an account maintenance fee etc...? https://www.troweprice.com/personal-investing/help/fees-and-minimums.html Look under the "Fees" tab. Basically, it's $20 per year for mutual fund accounts with a balance less than $10,000. Th...