Search found 371 matches

by retire57
Tue Dec 20, 2016 9:23 am
Forum: Personal Consumer Issues
Topic: Cutting the cord in NYC, but I love my channels
Replies: 18
Views: 1366

Re: Cutting the cord in NYC, but I love my channels

I'm stunned that we pay more than a cable customer in NYC. (Now I'm even more pissed off at our rate.) :annoyed Our bill for the same services (minus the premium movie channels) is $191 per month. This may be the first instance I've seen of NYC being cheaper for any product or service or well .... j...
by retire57
Mon Dec 19, 2016 10:06 am
Forum: Investing - Help with Personal Investments
Topic: Book Suggestions for Son
Replies: 8
Views: 818

Re: Book Suggestions for Son

Peculiar_Investor wrote:I'd recommend If You Can [free Bill Bernstein booklet for millennials] - Bogleheads.org. If you click this Google search you'll find If You Can has had lots of discussion.
+1
by retire57
Sun Dec 18, 2016 9:12 pm
Forum: Investing - Help with Personal Investments
Topic: Request help with deciding if this is the right time to invest
Replies: 6
Views: 963

Re: Request help with deciding if this is the right time to invest

Way to go!!! It's impressive that you are so young, debt-free, and mindful. You are in a great position. The corollary to your question is that it's never a good time to not invest . See the previous link provided by snowshoes. I know because we are Bob . And came out OK in the end. If you decide to...
by retire57
Sun Dec 18, 2016 12:28 pm
Forum: Personal Finance (Not Investing)
Topic: Retirees: How much cash do you keep?
Replies: 103
Views: 11881

Re: Retirees: How much cash do you keep?

I understand that always having a five figure sum in your checking account might feel good but other than that I don't see what the advantage is. I thought that the purpose of money was to make me feel good. Currently I'm having trouble spending it after a lifetime of saving it. Right now I'm just ...
by retire57
Sat Dec 17, 2016 4:39 pm
Forum: Personal Finance (Not Investing)
Topic: Need Help: Drowning in Debt
Replies: 60
Views: 7065

Re: Need Help: Drowning in Debt

This is a budgeting issue. Are you able to go back and determine where you spend your money each month? What items can you cut in order to be cash flow positive? Yes, step one is to make a budget to see where your money is going each month. You may be able to allocate more money to debt than you ar...
by retire57
Sat Dec 17, 2016 11:50 am
Forum: Investing - Help with Personal Investments
Topic: Paydown mortgage or invest in IRA
Replies: 10
Views: 685

Re: Paydown mortgage or invest in IRA

Too bad you didn't re-finance for 15 years. That would have settled the issue for certain with no room for straying off-course. As in, life happens.

Do you plan to stay in the house after it is paid for?

How much do you have saved thus far for retirement?
by retire57
Fri Dec 16, 2016 9:17 pm
Forum: Personal Consumer Issues
Topic: Personal fulfillment in retirement
Replies: 37
Views: 6150

Re: Personal fulfillment in retirement

I've never felt more full of purpose. I loved my job as a college professor, but I love my retirement even more. And not just because I no longer have to set the alarm. I've been traveling and ticking experiences off my bucket list that I wouldn't trade for anything . And then there is giving. For i...
by retire57
Fri Dec 16, 2016 12:34 pm
Forum: Personal Finance (Not Investing)
Topic: Retirees: How much cash do you keep?
Replies: 103
Views: 11881

Re: Retirees: How much cash do you keep?

Great question. One we've faced as well in our first year of retirement. My answer: very little - about 10-12K. Here's the rationale I worked out in my mind. After 25+ years of disciplined investing for retirement, I figure that our entire portfolio is now an Emergency Fund! In the working years, th...
by retire57
Fri Dec 16, 2016 12:01 pm
Forum: Investing - Help with Personal Investments
Topic: Help with investing strategy.
Replies: 31
Views: 3219

Re: Help with investing strategy.

Buy and hold index funds. Not very sexy perhaps, but effective.

That's the basic advice you will receive here. If you are after something speculative, there are many other discussion boards for those methods.
by retire57
Thu Dec 15, 2016 2:50 pm
Forum: Personal Finance (Not Investing)
Topic: Student Loan with low interest, keep or pay off early?
Replies: 26
Views: 3248

Re: Student Loan with low interest, keep or pay off early?

I would clear up the debt ASAP. That's just me - don't like trying to run with even light ankle-weights.
by retire57
Wed Dec 14, 2016 8:30 pm
Forum: Personal Finance (Not Investing)
Topic: If and how to bring up inappropriate conduct of former boss?
Replies: 60
Views: 5328

Re: If and how to bring up inappropriate conduct of former boss?

In academia, we have access to ombudsmen with whom one can meet regarding ethical issues such as this. Is there anyone in your organization that might serve in a similar role? A member of an ethics committee? Someone else with whom you can discuss this with guaranteed anonymity? Employees behave ina...
by retire57
Tue Dec 13, 2016 3:15 pm
Forum: Investing - Help with Personal Investments
Topic: Book suggestions for financially clueless mother in law
Replies: 11
Views: 1303

Re: Book suggestions for financially clueless mother in law

If the goal is to motivate someone who is financially-challenged, I would chose Dave Ramsey's The Total Money Makeover.


Will she watch or listen to his show? He talks to many people with problems just like hers.
by retire57
Tue Dec 13, 2016 3:08 pm
Forum: Personal Finance (Not Investing)
Topic: Age to Take Social Security: The Ideal and the Reality
Replies: 83
Views: 13495

Re: Age to Take Social Security: The Ideal and the Reality

I also wonder what the prognostication is for people with tax-deferred assets, considering RMDs begin at age 70 1/2. (Of course you don't have to spend the RMD). It's a complex decision you only have one shot at getting it right! Actually you have a lot of chances,you can decide again every year(ta...
by retire57
Tue Dec 13, 2016 2:58 pm
Forum: Personal Finance (Not Investing)
Topic: Age to Take Social Security: The Ideal and the Reality
Replies: 83
Views: 13495

Re: Age to Take Social Security: The Ideal and the Reality

I do not plan to wait until 70. My rationale is that: 2. Allows my investments to grow during those years, which means 3. I have effectively self-insured for longevity, assuming the market cooperates (and I know that is a big assumption). The problem with that is by delaying SS you are guaranteed a...
by retire57
Tue Dec 13, 2016 2:28 pm
Forum: Personal Finance (Not Investing)
Topic: Age to Take Social Security: The Ideal and the Reality
Replies: 83
Views: 13495

Re: Age to Take Social Security: The Ideal and the Reality

I also wonder what the prognostication is for people with tax-deferred assets, considering RMDs begin at age 70 1/2. (Of course you don't have to spend the RMD).

It's a complex decision and, like some game show, you only have one shot at getting it right!
by retire57
Tue Dec 13, 2016 11:12 am
Forum: Investing - Theory, News & General
Topic: DOW 22000?!?!
Replies: 26
Views: 3559

Re: DOW 22000?!?!

The same discussion was going on in 1999. Right before the tech bubble burst.

Ah yes .... I remember it well. :greedy
by retire57
Mon Dec 12, 2016 4:59 pm
Forum: Investing - Help with Personal Investments
Topic: Help with investing
Replies: 11
Views: 857

Re: Help with investing

Makes me shudder to see all those funds at Wells Fargo ( not a WF fan). Yes, roll that mess into an IRA at Vanguard or Fidelity. There must be a better place for all that cash + the 160,000 earmarked for college. First, start by funding your Roths (do you work?) for 2016 and 2017 as soon as you can....
by retire57
Mon Dec 12, 2016 1:23 pm
Forum: Investing - Help with Personal Investments
Topic: Stocks soaring
Replies: 13
Views: 2922

Re: Stocks soaring

Rebalance annually. Keeping it simple insures that you don't overthink it which can lead to timing the market. It's also much less work!
by retire57
Sun Dec 11, 2016 10:19 pm
Forum: Investing - Help with Personal Investments
Topic: 2nd update from a panicked investor
Replies: 11
Views: 1882

Re: 2nd update from a panicked investor

Looks good. Will look even better when the mortgage debt is gone. The only suggestion I will make is to get rid of the Total Bond Fund in the taxable account.

P.S. Glad you are no longer panicked. 2008 was no fun at all.
by retire57
Sun Dec 11, 2016 10:15 pm
Forum: Investing - Theory, News & General
Topic: Vanguard's new "account overview" page... BOO!
Replies: 105
Views: 13726

Re: Vanguard's new "account overview" page... BOO!

CTRL + or CTRL -

That will take care of the text size issue.

On another note, I've begun to use the Vanguard App almost exclusively on my tablet. Much easier to negotiate, IMO.
by retire57
Sun Dec 11, 2016 7:14 pm
Forum: Investing - Help with Personal Investments
Topic: Maxing retirement accounts; looking to start taxable
Replies: 13
Views: 1756

Re: Maxing retirement accounts; looking to start taxable

You are in great shape! Congrats on making what must have been a series of good decisions. I would go with option #1 with this caveat - build up your ER to 3-6 months of living expenses (not income). We had such an ER throughout our working life and this strategy got us through a tough job loss. Th...
by retire57
Sun Dec 11, 2016 3:49 pm
Forum: Investing - Help with Personal Investments
Topic: Maxing retirement accounts; looking to start taxable
Replies: 13
Views: 1756

Re: Maxing retirement accounts; looking to start taxable

You are in great shape! Congrats on making what must have been a series of good decisions.

I would go with option #1 with this caveat - build up your ER to 3-6 months of living expenses (not income). We had such an ER throughout our working life and this strategy got us through a tough job loss.
by retire57
Sun Dec 11, 2016 2:44 pm
Forum: Personal Finance (Not Investing)
Topic: Best/ safest way to access Vanguard account online?
Replies: 16
Views: 2869

Re: Best/ safest way to access Vanguard account online?

Also try the app for your tablet/phone. It's great - I use it almost exclusively now.
by retire57
Sat Dec 10, 2016 10:45 pm
Forum: Investing - Theory, News & General
Topic: To Use Vanguard PAS Or Not
Replies: 12
Views: 2351

Re: To Use Vanguard PAS Or Not

This is just my short-term personal opinion regarding the need for the PAS as we have only used V-guard's service for 19 months. If your goal is to simplify your portfolio, you can do that yourself with due diligence and a few mouse clicks. (Well, in your case more than a few. Why so many funds?) F...
by retire57
Sat Dec 10, 2016 5:32 pm
Forum: Investing - Theory, News & General
Topic: To Use Vanguard PAS Or Not
Replies: 12
Views: 2351

Re: To Use Vanguard PAS Or Not

This is just my short-term personal opinion regarding the need for the PAS as we have only used V-guard's service for 19 months. If your goal is to simplify your portfolio, you can do that yourself with due diligence and a few mouse clicks. (Well, in your case more than a few. Why so many funds?) Fo...
by retire57
Sat Dec 10, 2016 5:20 pm
Forum: Investing - Help with Personal Investments
Topic: How to invest $100K inheritance
Replies: 23
Views: 2525

Re: How to invest $100K inheritance

Their ages do not indicate 20 years. Predictions are for lower returns. With 4% return, money doubles in 17 years. It does not quintuple.
Oh gee, I'm really sorry to hear that as DH and I are the same ages as the OP and her husband. :wink:
by retire57
Sat Dec 10, 2016 11:23 am
Forum: Investing - Help with Personal Investments
Topic: How to invest $100K inheritance
Replies: 23
Views: 2525

Re: How to invest $100K inheritance

[quote="Dottie]I don't think 100k can ever become a big income generator. At 4% swr it will generate about $4k per year. Perhaps you will wait for SS until 70 and use the 100k for emergencies or several vacations or a car or two in retirement. None of these require a financial planner.[/quote] Oh, b...
by retire57
Sat Dec 10, 2016 11:16 am
Forum: Local Chapters and Bogleheads Community
Topic: Boglehead's newest millionaire
Replies: 89
Views: 10845

Re: Boglehead's newest millionaire

We haven’t told anyone. Concerned it will affect the way people see us and cause a change in the dynamic of our relationships.

BTW, congratulations!
by retire57
Fri Dec 09, 2016 7:05 pm
Forum: Investing - Help with Personal Investments
Topic: How to invest $100K inheritance
Replies: 23
Views: 2525

Re: How to invest $100K inheritance

You'll get some good advice here. It sounds as though your primary goal is saving for retirement. You have a large emergency fund and no consumer debt and that is good news! Fund your tax-advantaged retirement options first. If your husband has not contributed to his Roth for 2016 yet, he can contri...
by retire57
Thu Dec 08, 2016 3:01 pm
Forum: Investing - Theory, News & General
Topic: Withdrawal frequency
Replies: 12
Views: 1384

Re: Withdrawal frequency

Monthly here. Feels like a paycheck!
by retire57
Thu Dec 08, 2016 2:58 pm
Forum: Investing - Help with Personal Investments
Topic: Addicted to investing?
Replies: 17
Views: 2361

Re: Addicted to investing?

Resist the expensive impulse to tinker. Instead maybe funnel your attention to tracking your investments. Quicken or other personal finance software can keep you busy.
by retire57
Wed Dec 07, 2016 9:17 pm
Forum: Investing - Help with Personal Investments
Topic: Need guidace with where to place savings
Replies: 7
Views: 794

Re: Need guidace with where to place savings

I'd park it in a money market for now.

P.S. Well done!
by retire57
Wed Dec 07, 2016 9:02 pm
Forum: Investing - Theory, News & General
Topic: Retreat to cash
Replies: 331
Views: 58293

Re: Retreat to cash

Why do people have to make it so complicated?

Step 1) Buy
Step 2) Hold
by retire57
Tue Dec 06, 2016 11:49 am
Forum: Investing - Theory, News & General
Topic: What does Dave Ramsey mean by "ride the wave"
Replies: 29
Views: 6335

Re: What does Dave Ramsey mean by "ride the wave"

Dave frequently mentions that he doesn't own bonds. But he doesn't explain how his millions of dollars in real estate holdings offset equities in his portfolio. I assume this is because most of his followers are not savvy enough to make these distinctions. In his defense, I believe Ramsey strives to...
by retire57
Mon Dec 05, 2016 10:50 pm
Forum: Personal Finance (Not Investing)
Topic: Feel like I'm spending more even though I'm saving more
Replies: 39
Views: 4582

Re: Feel like I'm spending more even though I'm saving more

You are doing great! Enjoy the discretionary spending while you can. Once you buy a house, your expenses will increase dramatically - think property taxes, homeowner's insurance, lawn care, pest control, furniture, window treatments, appliance repair, plumbers' visits ..... I could go on and on but ...
by retire57
Mon Dec 05, 2016 11:20 am
Forum: Investing - Help with Personal Investments
Topic: $100,000 to invest; pay-off 2nd mortgage or invest all?
Replies: 38
Views: 4183

Re: $100,000 to invest; pay-off 2nd mortgage or invest all?

Not a good idea at all to borrow money to invest. Why would you expose yourself to that kind of (unnecessary) risk?
by retire57
Sun Dec 04, 2016 12:56 pm
Forum: Investing - Help with Personal Investments
Topic: Thinking of going solo
Replies: 40
Views: 5863

Re: Thinking of going solo

Not sure you are asking about Vanguard's Personal Advisor Service (PAS) but just in case this an option you are considering, I'll add my two cents to the discussion. We have used the PAS since May 2015 and, thus far, consider the advising costs worth it. A little backstory. We've been boglehead inve...
by retire57
Sun Dec 04, 2016 11:43 am
Forum: Personal Finance (Not Investing)
Topic: Do You Consider Dividends As Income?
Replies: 65
Views: 5425

Re: Do You Consider Dividends As Income?

So you are using income tax definitions in which dividends from taxable investments are unearned income. And, dividends from taxable accounts are still unearned income even if reinvested. Yes it is simple. But you also said this: "This is not an income tax query." so everyone is a little confused. ...
by retire57
Sun Dec 04, 2016 11:31 am
Forum: Personal Finance (Not Investing)
Topic: Do You Consider Dividends As Income?
Replies: 65
Views: 5425

Re: Do You Consider Dividends As Income?

dbr wrote:
So, again, what are you doing with that number?
Making a chart in Quicken that combines earned and unearned income in order to track the numbers. Simple!
by retire57
Sun Dec 04, 2016 11:26 am
Forum: Investing - Help with Personal Investments
Topic: $100,000 to invest; pay-off 2nd mortgage or invest all?
Replies: 38
Views: 4183

Re: $100,000 to invest; pay-off 2nd mortgage or invest all?

Your planner is wrong (sorry mjposner Sr.) Your LOWEST risk option is to pay off the mortgage.
by retire57
Sat Dec 03, 2016 6:39 pm
Forum: Personal Finance (Not Investing)
Topic: Do You Consider Dividends As Income?
Replies: 65
Views: 5425

Re: Do You Consider Dividends As Income?

You guys are so helpful! Thanks. Now on to make a Quicken spreadsheet for total income.
by retire57
Sat Dec 03, 2016 4:58 pm
Forum: Personal Finance (Not Investing)
Topic: Do You Consider Dividends As Income?
Replies: 65
Views: 5425

Do You Consider Dividends As Income?

When figuring annual income, do you include your dividends? Even when they are re-invested? This is not an income tax query. I'm just wondering if - in your mind - you factor them in. I thinking maybe in this first year of retirement and living on 2 pensions, it would make me feel 'wealthier' to inc...
by retire57
Sat Dec 03, 2016 4:48 pm
Forum: Investing - Help with Personal Investments
Topic: What value should my 401k be at age 54?
Replies: 21
Views: 4457

Re: What value should my 401k be at age 54?

Great question and, as others have said, lots of variables to consider in the answer. On a related note, if you want to compare your net worth with others, see NetWorthIQ: https://www.networthiq.com The site includes comparisons with parameters such as age, location, profession ... You have to regis...
by retire57
Sat Dec 03, 2016 4:42 pm
Forum: Investing - Help with Personal Investments
Topic: Tracking the Total Stock Index Fund and Total Stock International Stock Index
Replies: 12
Views: 1290

Re: Tracking the Total Stock Index Fund and Total Stock International Stock Index

I've started using Google Finance after a recommendation from someone in this group. I like it!
by retire57
Sat Nov 26, 2016 9:13 pm
Forum: Personal Finance (Not Investing)
Topic: How much should I hold in savings/ student loan help?
Replies: 9
Views: 1402

Re: How much should I hold in savings/ student loan help?

Paying off your debt (even if it means briefly stopping your retirement contributions) will give you a sure-fire return on your money. As you stated, you are earning nowhere near 4.9% - 6.8% on your cash. Keep just enough in savings for a couple of months of expenses. Use the surplus to eliminate th...
by retire57
Sat Nov 19, 2016 2:09 pm
Forum: Local Chapters and Bogleheads Community
Topic: Roll Call for the Retirement Class of 2016!
Replies: 258
Views: 37827

Re: Roll Call for the Retirement Class of 2016!

DH and I both graduated from slave-wagery this year - May 2016 for him. I still teach (online) but only when I feel like it. As far as I'm concerned, that makes me retired as well!
by retire57
Sat Nov 19, 2016 1:47 pm
Forum: Personal Finance (Not Investing)
Topic: Is Quicken Worth it?
Replies: 58
Views: 12831

Re: Is Quicken Worth it?

I love Quicken for tracking expenses. Have used it for over 10 years and can't imagine life without. 1. Do you use Quicken and if so, which version (starter, deluxe, premier, home & business)? Deluxe. 3. How often do you need to upgrade to the latest version? I upgrade about every 3 years. There alw...
by retire57
Thu Nov 17, 2016 7:47 pm
Forum: Investing - Help with Personal Investments
Topic: starting "late" on retirement planning --- catch up time
Replies: 7
Views: 1425

Re: starting "late" on retirement planning --- catch up time

First of all, don't panic. You are still quite young and have plenty of time (and income) to play catch-up. No need to get outrageously aggressive - except maybe with your savings rate. Besides, I doubt very much your peers began diligent savings with their first paychecks. Congrats on starting your...
by retire57
Wed Nov 16, 2016 5:59 pm
Forum: Personal Finance (Not Investing)
Topic: Cannot get myself to spend my savings
Replies: 75
Views: 9979

Re: Cannot get myself to spend my savings

The OP didn't say he doesn't have a list of ideas on ways to spend money, but rather that it is difficult to do . Unless you've been in this position, it's probably hard to to understand the problem. (Though it's a great problem to have!). I'm going through the same thing myself and have concluded t...