Search found 338 matches

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: 6263

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: 4537

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: 4073

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: 5833

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: 5352

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: 5352

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: 4073

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: 5352

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: 5352

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: 4417

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: 1264

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: 1364

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: 247
Views: 35258

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: 12399

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: 1367

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: 9754

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...
by retire57
Sat Nov 12, 2016 6:31 pm
Forum: Investing - Theory, News & General
Topic: Portfolio = over 98% of Net Worth (too much invested?)
Replies: 20
Views: 3652

Re: Portfolio = over 98% of Net Worth (too much invested?)

We are in similar watercrafts. Recently retired, 88% of our net worth is on paper. I would be fine with 98% too, and look forward to that day. I have no desire to maintain real estate solely in the name of diversification. Too much work!
by retire57
Sat Nov 12, 2016 6:08 pm
Forum: Personal Consumer Issues
Topic: which engineering major for renewables
Replies: 62
Views: 5261

Re: which engineering major for renewables

Just read your question to DH as he is a recently-retired academic advisor in a College of Engineering.

Biosystems Engineering meets that criteria. Though Chemical has much to do with alternative energies. Check out Auburn University - it has a Department of Biosystems.

Hope this helps!
by retire57
Sat Nov 12, 2016 5:58 pm
Forum: Investing - Help with Personal Investments
Topic: Would you invest $80K right now?
Replies: 38
Views: 5895

Re: Would you invest $80K right now?

You've gotten some good suggestions here so I won't add my voice to the chorus. But I just want to say - 25 years old, maxing out your Roth, no debt, and a nice emergency fund = VERY impressive!
by retire57
Sat Nov 12, 2016 5:31 pm
Forum: Personal Finance (Not Investing)
Topic: Monthly grocery costs? How do you keep it low?
Replies: 155
Views: 18812

Re: Monthly grocery costs? How do you keep it low?

For those that stock up meat and other things in a freezer, do you ever eat that meat? What is the oldest item in your freezer? I found some mahi-mahi from 2011 in our freezer this week. Should I still eat it? Oh yes. (That is - yes, we eat what's in the freezer, not yes on the mahi-mahi question)....
by retire57
Sat Nov 12, 2016 12:45 pm
Forum: Personal Finance (Not Investing)
Topic: Monthly grocery costs? How do you keep it low?
Replies: 155
Views: 18812

Re: Monthly grocery costs? How do you keep it low?

We look at the local sale papers each week and plan our meals around the meat offerings. (We also have a small chest freezer and stock up on particularly good sales). We shop the farmer's market for produce, the discount bread store for bread/buns/tortillas, and all other ingredients are bought at W...
by retire57
Fri Nov 11, 2016 6:25 pm
Forum: Investing - Theory, News & General
Topic: "Stealth Wealth: I’m Just an Ordinary Average Guy"
Replies: 333
Views: 65962

Re: "Stealth Wealth: I’m Just an Ordinary Average Guy"

After 30+ years of hard work and rigorous saving, we are doing well. Mainly because we possess the true riches - free time and health. We still drive our one car we bought used, still live in our modest and paid-for house, and continue to live below our means. Funny - I always assumed that when we g...
by retire57
Thu Nov 10, 2016 11:27 am
Forum: Investing - Theory, News & General
Topic: Four-Fund Portfolio?
Replies: 23
Views: 4448

Re: Four-Fund Portfolio?

Thanks to all for your feedback as we are trying to simplify our portfolio at the moment. We own the Int'l Bonds and are pleased with the performance thus far. Will continue to be watchful.

Thanks again!
by retire57
Wed Nov 09, 2016 5:59 pm
Forum: Investing - Theory, News & General
Topic: Four-Fund Portfolio?
Replies: 23
Views: 4448

Four-Fund Portfolio?

What do you all think about:

VTSAX Total Stock Market Index
VTIAX Total International Stock Index
VBTLX Total Bond Index
VTABX Total International Bond Index

Appreciate your thoughts!
by retire57
Sun Nov 06, 2016 7:55 pm
Forum: Personal Consumer Issues
Topic: Cheap, Non-Traditional Cell Phone Plans
Replies: 52
Views: 6530

Re: Cheap, Non-Traditional Cell Phone Plans

Trac-Fone adherents here too. DH and I use our phones for texting and the occasional phone-ahead to a restaurant for take out. We spend $200/year for the pre-paid service. I know some people who spend that in a month. Too rich for my blood.
by retire57
Sun Nov 06, 2016 4:41 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio check for a nomad
Replies: 13
Views: 2401

Re: Portfolio check for a nomad

eyesopen, Hi there - RN here too. And a part-time nomad as well! I know you are aware of the cost of medical insurance. DH and I just retired this past year (he 62, me 58) and our premiums through his former employer are $900/month. A significant chunk! Sadly, we expect this amount to rise every yea...
by retire57
Wed Nov 02, 2016 8:52 pm
Forum: Personal Finance (Not Investing)
Topic: Personal Finance Question for the Retired
Replies: 27
Views: 4166

Re: Personal Finance Question for the Retired

We are only 10 months into retirement and are spending the same amount with one BIG exception. We now pay $900/month for health insurance (we are covered by DH's former employer's plan). This is a necessary evil for 2 more years until DH is medicare-eligible. But it's a price we are more than willin...
by retire57
Wed Nov 02, 2016 3:55 pm
Forum: Investing - Help with Personal Investments
Topic: Fee-Only Financial Advisor
Replies: 11
Views: 1176

Re: Fee-Only Financial Advisor

Grt2bOutdoors,

I couldn't agree more!

But, you know .... in-laws. One must tread oh-so-carefully and only speak when spoken to. :|
by retire57
Wed Nov 02, 2016 3:44 pm
Forum: Investing - Help with Personal Investments
Topic: Fee-Only Financial Advisor
Replies: 11
Views: 1176

Re: Fee-Only Financial Advisor

JW, Thank you! I have that book on my hard drive as well, but had forgotten about it. Yes, I'm concerned about her encountering Hurdle #5. I certainly hope that none of you consider V-guard's PAS in the category of financial industry wolves-dressed-as-sheep. I ask because we use that service ourselv...
by retire57
Wed Nov 02, 2016 3:10 pm
Forum: Investing - Help with Personal Investments
Topic: Fee-Only Financial Advisor
Replies: 11
Views: 1176

Re: Fee-Only Financial Advisor

CABob - she is looking for feedback regarding her asset allocation. She is aware of the V-guard philosophy, but just wants sort of a second opinion. She is 56, relatively new to investing, and has been hearing about other people getting impressive returns from actively-managed funds. (Of course, I'm...
by retire57
Wed Nov 02, 2016 10:52 am
Forum: Investing - Help with Personal Investments
Topic: Fee-Only Financial Advisor
Replies: 11
Views: 1176

Fee-Only Financial Advisor

My sis-in-law (who has most of her investments at V-guard) is looking for a fee-only financial advisor. Any advice how to go about finding one?

Thanks!
by retire57
Tue Nov 01, 2016 8:07 pm
Forum: Personal Finance (Not Investing)
Topic: 54K left in Federal Student Loans.....wanting to buy/build a home.
Replies: 19
Views: 2225

Re: 54K left in Federal Student Loans.....wanting to buy/build a home.

And it's not just mortgage, property taxes, and insurance. A homeowner spends so much on stuff you may not have considered. Example - do you own a lawnmower? Well, you'll be buying one. In addition to items like a ladder, hoses, a leaf blower, and other implements. Don't forget the extra furniture y...
by retire57
Sun Oct 30, 2016 3:19 pm
Forum: Personal Consumer Issues
Topic: Electronics Recycling
Replies: 14
Views: 1600

Re: Electronics Recycling

I always remove the hard drives before recycling too. Yet I'm not too crazy about the hammer method, which is why I still have 2 hard drives lying around. I've been wondering - what about running over them with my car? Submerging them in water?
by retire57
Sat Oct 29, 2016 9:18 pm
Forum: Investing - Help with Personal Investments
Topic: AA Too Conservative?
Replies: 12
Views: 2216

Re: AA Too Conservative?

We lived through 1987, the tech bubble, the recent recession and never deviated from the BH investment plan. We stayed the course and it's paid off. I think because we were so aggressive during our contribution period, it feels weird to be so conservative now. The 50/50 allocation was determined by ...
by retire57
Fri Oct 28, 2016 8:26 pm
Forum: Investing - Help with Personal Investments
Topic: AA Too Conservative?
Replies: 12
Views: 2216

Re: AA Too Conservative?

Thanks to everyone for taking the time to answer my question. This discussion was enormously helpful, comforting, and educational! We will stick with our current allocation for now.

I really appreciate the links as well. Good stuff!

Kim
by retire57
Fri Oct 28, 2016 5:07 pm
Forum: Investing - Help with Personal Investments
Topic: AA Too Conservative?
Replies: 12
Views: 2216

Re: AA Too Conservative?

dbr, you said: To refine the situation one would have to think what the money is for, how bad it would be to have larger rather than smaller fluctuations in value, what exactly your rate of withdrawal is, what sort of contingency you might have for need of the money, whether you want to invest to gr...
by retire57
Fri Oct 28, 2016 3:19 pm
Forum: Investing - Help with Personal Investments
Topic: AA Too Conservative?
Replies: 12
Views: 2216

AA Too Conservative?

Hi All, New to the boards and enjoying the discourse. DH and I retired in January and decided to try the Vanguard PAS. (We are good at saving/investing the boglehead way, but not so confident about the withdrawal phase). We are evaluating whether we will get our money's worth with the PAS - but that...