Search found 3097 matches

by Dottie57
Tue Apr 03, 2018 9:34 am
Forum: Personal Finance (Not Investing)
Topic: Career Move: Please convince me why I should not work in tech
Replies: 59
Views: 4635

Re: Career Move: Please convince me why I should not work in tech

I work have worked in tech since 1986 at 3 different Megacorps. Since OP asked why one should NOT work in tech: 1) If you are not good at saving money for a rainy day tech is not a good choice because when it rains it tends to pour. Many tech workers were unemployed for a long period of time in 200...
by Dottie57
Mon Apr 02, 2018 6:47 pm
Forum: Investing - Help with Personal Investments
Topic: Age 55, Fast Strategy to Retirement
Replies: 59
Views: 7109

Re: Age 55, Fast Strategy to Retirement

Really, Don't worry. My health is good. I have great genes. Everything else I trust to God. Don't drink no drugs. Haven't had any prescribed medicine for 10 yrs. I am not overweight either. I don't eat any junk food.... But I'll eventually get some life insurance for travelling... The sentiment is ...
by Dottie57
Mon Apr 02, 2018 6:34 pm
Forum: Investing - Help with Personal Investments
Topic: Annuity w guaranteed 5-6% return [payout]?
Replies: 50
Views: 4461

Re: Annuity w guaranteed 5-6% return?

Dottie57 wrote:
Mon Apr 02, 2018 6:33 pm
I just found that for 100k, a 61 yo woman in mn could receive a yearly income of $5724 . This is 5.724% of the 100k.
No cola.

Every year you wait to purchase, the payout increases.
by Dottie57
Mon Apr 02, 2018 6:33 pm
Forum: Investing - Help with Personal Investments
Topic: Annuity w guaranteed 5-6% return [payout]?
Replies: 50
Views: 4461

Re: Annuity w guaranteed 5-6% return?

I just found that for 100k, a 61 yo woman in mn could receive a yearly income of $5724 . This is 5.724% of the 100k.
No cola.
by Dottie57
Mon Apr 02, 2018 4:49 pm
Forum: Personal Finance (Not Investing)
Topic: Should I loan my child money for college?
Replies: 73
Views: 5236

Re: Should I loan my child money for college?

People seem to have wildly different views on education. My best friend's parents told their six children that college was a waste of money and refused to fill out the financial aid forms. My friend wanted to go into engineering and couldn't even get a student loan. He has spent the last 30 years w...
by Dottie57
Mon Apr 02, 2018 11:51 am
Forum: Personal Finance (Not Investing)
Topic: What age is the best to give a child control of an inheritance?
Replies: 192
Views: 10640

Re: What age is the best to give a child control of an inheritance?

I am in the process of convincing my 19 year old to take his first non trivial paychecks from a coming professional internship, and put most of it into an IRA. He is learning a lesson, but also being interviewed to manage my money in the future ;-) I think the problem is putting "most" of it in an ...
by Dottie57
Sun Apr 01, 2018 10:55 am
Forum: Investing - Help with Personal Investments
Topic: Investment Advice
Replies: 8
Views: 484

Re: Investment Advice

28 years left on mortgage at 3.875%. Still owe $275K. $1,340 monthly payment. It's a huge task to pay this off within ten years, but it's possible. Yes, pension would be sufficient to cover mortgage payment. Yep, S&P 500 could definitely be less than 7%, which adds to my dilemma. If I knew for sure...
by Dottie57
Sat Mar 31, 2018 7:28 pm
Forum: Personal Finance (Not Investing)
Topic: What age is the best to give a child control of an inheritance?
Replies: 192
Views: 10640

Re: What age is the best to give a child control of an inheritance?

I am in the process of convincing my 19 year old to take his first non trivial paychecks from a coming professional internship, and put most of it into an IRA. He is learning a lesson, but also being interviewed to manage my money in the future ;-) I think the problem is putting "most" of it in an ...
by Dottie57
Sat Mar 31, 2018 6:49 pm
Forum: Investing - Theory, News & General
Topic: Why does it seem there are so many bad/poor 401K plans?
Replies: 36
Views: 3529

Re: Why does it seem there are so many bad/poor 401K plans?

Follow the money. Plan administrators have to get compensated somehow. Sometimes the employer pays the plan administrator's fees directly. Other times the employer wants the plan participants to pay the administrative costs so the administrator and underlying fund managers whose funds are offered i...
by Dottie57
Sat Mar 31, 2018 6:45 pm
Forum: Personal Finance (Not Investing)
Topic: What age is the best to give a child control of an inheritance?
Replies: 192
Views: 10640

Re: What age is the best to give a child control of an inheritance?

Will she have the time by then to be knowledgeable enough about investments to be able to appropriately manage that money at age 35? I probably didn't at that age. gasdoc This doesn't make sense to me. By 35, plenty of people are managing their investments in a 401k or IRA. Managing a three fund po...
by Dottie57
Sat Mar 31, 2018 3:19 pm
Forum: Investing - Theory, News & General
Topic: William Bernstein: Retirement Investing and Spending in two easy steps
Replies: 77
Views: 8964

Re: William Bernstein: Retirement Investing and Spending in two easy steps

With SS I have enough if I experience no complications. I do have LTCi, but if more than 3 years, I could run out of money.

So I don't want just a TIPS ladder, but the possibility of higher returns.
by Dottie57
Sat Mar 31, 2018 11:51 am
Forum: Personal Finance (Not Investing)
Topic: Federal survivor benefit decision help needed
Replies: 19
Views: 1397

Re: Federal survivor benefit decision help needed

You don't mention COLA on the pension. That can be a big difference. Does the pension have a "bounce-back" if she dies before you? I would lean toward the 50% pension (and see this personally as worth more to me than a lump sum which has to be managed into old age and has no COLA.) If you think she...
by Dottie57
Sat Mar 31, 2018 9:57 am
Forum: Personal Consumer Issues
Topic: Tired of gas grills rusting out...
Replies: 54
Views: 4061

Re: Tired of gas grills rusting out...

Weber stainless steel propane grill. 15years old. Lives outside, Weber cover. Minnesota winters.

Cooks well.
by Dottie57
Fri Mar 30, 2018 7:01 pm
Forum: Investing - Theory, News & General
Topic: What's your U.S. : International ratio?
Replies: 190
Views: 34819

Re: What's your U.S. : International ratio?

100 : 0 I don't have international funds. My total stock market US does have quite a bit of foreign exposure though. Couldn't the exact same argument be used to flip the allocation to 0:100? Say for example investing in 100% Canadian stocks because Canada has a good bit of exposure to US Markets? 7...
by Dottie57
Fri Mar 30, 2018 3:42 pm
Forum: Personal Finance (Not Investing)
Topic: When did you know your kids would go to college?
Replies: 91
Views: 4042

Re: When did you know your kids would go to college?

OP, your question has me really concerned. Your kid is eleven! "Not college material?" What does this even mean? That even community college will be beyond him? That you can "get out of" saving for tuition? That his only option, at eleven, is the school of hard knocks? I have to believe this must b...
by Dottie57
Thu Mar 29, 2018 9:30 pm
Forum: Investing - Theory, News & General
Topic: 401k vs Traditional IRA
Replies: 34
Views: 1514

Re: 401k vs Traditional IRA

If you leave your job after you turn 55 you can make withdrawals from your 401(k) without the 10 percent early withdrawal penalty, whereas you have to wait until you are 59 1/2 for the Traditional IRA. I know that there are exceptions for the tIRA but you don't have to worry about them with the 401...
by Dottie57
Thu Mar 29, 2018 8:42 pm
Forum: Investing - Theory, News & General
Topic: What is the endgame for Millennials?
Replies: 128
Views: 8918

Re: What is the endgame for Millennials?

Although I'd like to imagine that my generation as a whole is smart and preparing for the future, in my experience with the peers I see on a daily basis this hasn't been the case. I even try to spread the "gospel of Bogle" to them as I call it, and they always usually seem interested as I explain t...
by Dottie57
Thu Mar 29, 2018 8:33 pm
Forum: Investing - Theory, News & General
Topic: What is the endgame for Millennials?
Replies: 128
Views: 8918

Re: What is the endgame for Millennials?

Folks, For others that say my generation aka the previous generation had a good life, they must be talking about someone else. Houston Oil Bust, Texas Saving & Loan Crisis, Asian Currency Crisis, Telecom Boom and Bust, 2007/2009 great recession. I had to survive one economic crisis after another si...
by Dottie57
Thu Mar 29, 2018 8:31 pm
Forum: Investing - Theory, News & General
Topic: What is the endgame for Millennials?
Replies: 128
Views: 8918

Re: What is the endgame for Millennials?

As a millenial (28 years old), with many millenial friends and acquaintances, there is no end game. Retirement couldn’t be further off the radar for 90-95% of my generation. There are some factors, which the article details, that certainly make it hard for many millenials to save (student loans, us...
by Dottie57
Wed Mar 28, 2018 6:51 pm
Forum: Personal Consumer Issues
Topic: Boglehead Beer
Replies: 785
Views: 143860

Re: Boglehead Beer

Two very different favorites

Moose Drool
Summuit extra pale ale
by Dottie57
Wed Mar 28, 2018 6:29 pm
Forum: Personal Finance (Not Investing)
Topic: Cosign college loan for sibling?
Replies: 87
Views: 3796

Re: Cosign college loan for sibling?

A good rule of thumb is never make a personal loan, that you couldn't afford to write off as a gift. +1 You are not a bank and should not be used as one. To me it is either no or a gift of money. Has your brother looked for scholarships or considered transferring to less expensive school.?
by Dottie57
Wed Mar 28, 2018 4:50 pm
Forum: Personal Consumer Issues
Topic: Thinking of getting an Apple Watch
Replies: 73
Views: 6760

Re: Thinking of getting an Apple Watch

or dare I say- step away from technology and social media for 5 seconds every now and then Says the person who keeps posting on the internet in a thread they are not even interested in. :( One can own a smartwatch and never use social media at all, you know. :wink: Here's a tip that will make you a...
by Dottie57
Wed Mar 28, 2018 12:15 pm
Forum: Local Chapters and Bogleheads Community
Topic: A lot of heavy hitters this morning
Replies: 244
Views: 17107

Re: A lot of heavy hitters this morning

Love this board but can't help to feel disconnected this morning when the first 3 posts are something like: 1) I will be making $350K, should I save for my kid's 529? 2) Should I buy a $1.2 million condo? My inlaws just gave me $235K. 3) I got a $600K windfall...should I pay off mortgage? Feeling a...
by Dottie57
Wed Mar 28, 2018 3:36 am
Forum: Personal Consumer Issues
Topic: Anyone Deleting Facebook?
Replies: 329
Views: 21670

Re: Anyone Deleting Facebook?

Never used Facebook. Bad Behaviour on there has been a real turn off ( people who prefer FB over person to person interaction).

I've never trusted FB.
by Dottie57
Wed Mar 28, 2018 1:01 am
Forum: Investing - Help with Personal Investments
Topic: Max-funding an Index Universal Life policy to the IRS limit??
Replies: 102
Views: 4938

Re: Max-funding an Index Universal Life policy to the IRS limit??

Thanks again for all the post replies. I am going to go back and read through them a bit more carefully and will probably come back with a bunch of questions. In the meantime, for those that mentioned how a force illustration would be helpful so that the experts on here can have a better understand...
by Dottie57
Tue Mar 27, 2018 5:43 pm
Forum: Investing - Help with Personal Investments
Topic: Max-funding an Index Universal Life policy to the IRS limit??
Replies: 102
Views: 4938

Re: Max-funding an Index Universal Life policy to the IRS limit??

Wow! I truly appreciate all this feedback and such a quick turnaround. This gives me the confidence of knowing that this forum is very active And I know I will learn so much. Nonetheless it would be so much more helpful for me if instead of telling me that my advisor/family member is selling me a s...
by Dottie57
Tue Mar 27, 2018 12:54 pm
Forum: Investing - Help with Personal Investments
Topic: Max-funding an Index Universal Life policy to the IRS limit??
Replies: 102
Views: 4938

Re: Max-funding an Index Universal Life policy to the IRS limit??

Don't mix two areas in one package: life insurance and investing. The overhead (commissions and fees) are not easily found by the purchaser. People usually have to pay an expert to figure out how good their insurance/investment policy is. Mutual funds ( especially index) are easy - the fees can be f...
by Dottie57
Tue Mar 27, 2018 8:07 am
Forum: Personal Consumer Issues
Topic: Digital alarm clock suggestions?
Replies: 38
Views: 2918

Re: Digital alarm clock suggestions?

I once used an alarm clock at a Hilton Hotel. It has a separate display for the alarm set time. Two AM/PM displays are also illuminated. This is the best one that I have used so far. I liked it very much. They told that it can be ordered at their website. Seems it is still available. Hilton LCD Ala...
by Dottie57
Mon Mar 26, 2018 9:36 pm
Forum: Personal Consumer Issues
Topic: Should I proactively replace my central AC unit?
Replies: 33
Views: 2356

Re: Should I proactively replace my central AC unit?

A two stage unit, properly sized with a higher SEER rating will be a nice upgrade. Will it pay for itself? Likely not. We upgraded a similar unit. The unit running in the first stage is virtually silent. The old unit would run short cycles at turbo fan mode. It didn't run enough to remove humidity....
by Dottie57
Mon Mar 26, 2018 12:11 am
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 1821
Views: 325150

Re: What are you up YTD? [Year To Date]

Down 1.45% With 50/50 allocation
by Dottie57
Sun Mar 25, 2018 7:55 pm
Forum: Investing - Theory, News & General
Topic: How old were you when you started spending your “principal”?
Replies: 90
Views: 8056

Re: How old were you when you started spending your “principal”?

I have a severance package for the next 48 weeks. So I expect next year I will need to use part of the capital I have as of now. Not expecting great returns this year at all.
by Dottie57
Sat Mar 24, 2018 7:47 pm
Forum: Personal Finance (Not Investing)
Topic: Whole Life Policy - Cash in or not?
Replies: 19
Views: 1429

Re: Whole Life Policy - Cash in or not?

What is rhe difference between the Current Face Value and the Cash Value? Why is there a difference? She said that 10 years ago she added $35,000 to the original policy value by literally giving $35,000 to the insurance company to bump up the face value of the policy to $135,000. Seems bizarre beyo...
by Dottie57
Sat Mar 24, 2018 7:19 pm
Forum: Personal Finance (Not Investing)
Topic: Whole Life Policy - Cash in or not?
Replies: 19
Views: 1429

Re: Whole Life Policy - Cash in or not?

What is rhe difference between the Current Face Value and the Cash Value? Why is there a difference?

Hopefully the Death benefit is self explanatory.
by Dottie57
Fri Mar 23, 2018 9:18 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement - 401K/IRA or Life Insurance ?
Replies: 16
Views: 760

Re: Retirement - 401K/IRA or Life Insurance ?

Permanent life insurance is one of the most toxic, horrid products peddled by life insurance salesmen, snakes who pretend to be financial advisors as they steal your money. They are extremely complex with very high fees. Based on your other thread you are clearly misinformed about how bad these pro...
by Dottie57
Fri Mar 23, 2018 7:25 pm
Forum: Investing - Help with Personal Investments
Topic: Self-insuring for healthcare - how would you invest
Replies: 34
Views: 2336

Re: Self-insuring for healthcare - how would you invest

Nate79 wrote:
Fri Mar 23, 2018 12:16 pm
Having a catastrophic plan is not self insuring.

Someone told me that current federal law does not allow for catastrophic policies. I have not verified, hoping someone here knows.
by Dottie57
Fri Mar 23, 2018 6:02 pm
Forum: Personal Finance (Not Investing)
Topic: Talk some sense/cents into me- new car purchase
Replies: 44
Views: 3016

Re: Talk some sense/cents into me- new car purchase

How about storage on top of car roof?

And agree - stop buying Big dogs - the last dog could cost you tens of thousands of dollars.
by Dottie57
Fri Mar 23, 2018 2:11 pm
Forum: Personal Consumer Issues
Topic: Underrated places to visit in U.S.?
Replies: 126
Views: 11150

Re: Underrated places to visit in U.S.?

New Mexico in October. I've been there twice. Lots of museums, art galleries, historic sites and hiking on federal and state lands. I've been to Santa Fe and Taos with day trips to other areas.
by Dottie57
Fri Mar 23, 2018 5:38 am
Forum: Personal Finance (Not Investing)
Topic: Losing friends/family when wealthy
Replies: 118
Views: 10196

Re: Losing friends/family when wealthy

Echoing the confusuion on how family and friends know you are well off? The first thing I noticed about your initial post is the use of "me and.......". You put yourself first in the sentence which can be interpreted as self-importance. Change to "...and I. Words matter. If the words aren't a proble...
by Dottie57
Thu Mar 22, 2018 11:42 pm
Forum: Personal Finance (Not Investing)
Topic: Help my wife when I die.
Replies: 37
Views: 4210

Re: Help my wife when I die.

Good morning Bogleheads! Sorry for the morbid title, everything is fine as far as I know. I am a long-time reader of the forum, but have only just now made an account. I really wanted to thank everyone here for the amazing discussions and advice on a variety of subjects. I have been trying to becom...
by Dottie57
Thu Mar 22, 2018 9:14 pm
Forum: Investing - Theory, News & General
Topic: Working till retirement is not a great plan
Replies: 175
Views: 13491

Re: Working till retirement is not a great plan

These new college grads are very smart, have the latest skills, and work for less. Some are really good, some are not. New grads go through a program where they work at 3 different departments so they learn more about the company. All did well at college. One of the new grads assigned to my group m...
by Dottie57
Thu Mar 22, 2018 8:37 pm
Forum: Investing - Theory, News & General
Topic: Working till retirement is not a great plan
Replies: 175
Views: 13491

Re: Working till retirement is not a great plan

I expect at some point (perhaps around 50, give or take a few years??) I will start to experience some sort of conscious or subconscious age discrimination in the work force. Like fellow board member Klangfool, I wouldn't bank on keeping ones current job and salary level till you reach a ripe old a...
by Dottie57
Thu Mar 22, 2018 8:38 am
Forum: Personal Finance (Not Investing)
Topic: What Budget? Do you keep one?
Replies: 116
Views: 7078

Re: What Budget? Do you keep one?

We do not keep a budget, but what we do is track our spending. To me this is the most valuable thing that you can do to understand your finances. I don't go crazy--only 10 categories. It takes about 15 minutes each month and I use an old fashioned self-made spreadsheet. Some categories are surprisi...
by Dottie57
Wed Mar 21, 2018 2:27 pm
Forum: Investing - Help with Personal Investments
Topic: Immediate annuity bridge to Social Security
Replies: 10
Views: 896

Re: Immediate annuity bridge to Social Security

If OP is thinking of a 5 year annuity, I just ran the numbers for myself starting at age 65 for 5 years. Buying the annuity would give me a payout of $103980. For $100000 purchase price. I personally would not buy that annuity - not much better than CD ladder at this point. And you lose control of t...
by Dottie57
Wed Mar 21, 2018 1:52 pm
Forum: Personal Consumer Issues
Topic: Possible 1 month of unemployment -- how to maximize time off? (non job related)
Replies: 22
Views: 1510

Re: Possible 1 month of unemployment -- how to maximize time off? (non job related)

How long should i wait? Don't wait. It can take a long time to get a job. If you're old company comes through, you just stop your search. If your old company doesn't come through, you'll be another month behind. Please listen to this. OP may be surprised to find a better job elsewhere.
by Dottie57
Tue Mar 20, 2018 11:15 pm
Forum: Personal Consumer Issues
Topic: We made the right decision to not purchase a home now, right?
Replies: 47
Views: 3969

Re: We made the right decision to not purchase a home now, right?

I think OP made a good choice. There are many more costs to home ownership than just the mortgage payment. The ongoing costs of heating and cooling, garbage collection, property taxes, mainteanance. Save up your money for 20% down payment and then extra for the extra things needed to maintain a hous...
by Dottie57
Tue Mar 20, 2018 4:23 pm
Forum: Personal Consumer Issues
Topic: Is a Model Release normal for wedding videography?
Replies: 28
Views: 2136

Re: Is a Model Release normal for wedding videography?

Another vote for strike it out.
by Dottie57
Tue Mar 20, 2018 3:58 pm
Forum: Personal Finance (Not Investing)
Topic: Home equity as part of retirement plan
Replies: 59
Views: 3585

Re: Home equity as part of retirement pl

My house is my home and helps me reduce expenses. It is not part of my portfolio and I would never use equity in it for investing in market.
by Dottie57
Tue Mar 20, 2018 8:24 am
Forum: Personal Consumer Issues
Topic: ZVOX AccuVoice TV speaker
Replies: 3
Views: 323

Re: ZVOX AccuVoice TV speaker

As a septuagenarian, I was curious about the TV ads for the ZVOX AccuVoice TV speakers. My son is a sound engineer, so I asked him about them. He actually owns some ZVOX speakers and recommended that I try them. These speakers perform as advertised. They actually increase the clarity of most voices...
by Dottie57
Mon Mar 19, 2018 10:45 pm
Forum: Investing - Theory, News & General
Topic: Do you Continue to invest even in down market??
Replies: 54
Views: 6318

Re: Do you Continue to invest even in down market??

Hello All, Simple question for most of you but I am new to investing outside of my 401k. Simply, do I continue to invest money when the stock prices are losing (declining) in my current portfolio? Do I change my allocation? Or ride it out and keep contributing? Should I only open a non retirement a...
by Dottie57
Mon Mar 19, 2018 4:29 pm
Forum: Personal Finance (Not Investing)
Topic: Can I Retire at 38?
Replies: 118
Views: 12553

Re: Can I Retire at 38?

We also stand to inherit about 2 million from our parents in the next 10 years. Please don't make this a factor in your retirement planning. It may not work out as you expect. +1 Not enough info. What are your expenses? How much in taxable? What would accounts generate as of today? I doubt you can ...