Search found 317 matches

by retire57
Thu Sep 07, 2017 4:08 pm
Forum: Investing - Theory, News & General
Topic: Dividends and Withdrawal Rate
Replies: 39
Views: 3496

Re: Dividends and Withdrawal Rate

I understand that the "experts" categorize dividends as a withdrawal from your portfolio. But it just feels a lot safer than selling shares to fund withdrawals. I personally do not consider taking a 2% dividend as a 2% withdrawal from my portfolio. So how is it different, other than perhaps a small...
by retire57
Thu Sep 07, 2017 4:02 pm
Forum: Investing - Theory, News & General
Topic: Dividends and Withdrawal Rate
Replies: 39
Views: 3496

Re: Dividends and Withdrawal Rate

Suppose one spends only dividends during retirement. Is there technically a withdrawal rate? If so, what is the best way to calculate the rate? Just for clarification: are you talking about STOCK dividends only, or (since you appear to have 50% bonds) bond distributions? This makes a difference in ...
by retire57
Wed Sep 06, 2017 7:39 pm
Forum: Investing - Theory, News & General
Topic: Dividends and Withdrawal Rate
Replies: 39
Views: 3496

Re: Dividends and Withdrawal Rate

If you mean why am I asking? , the answer is that I want to track our withdrawal rate. [/color] What's the purpose of tracking your withdrawal rate? The only reason is because you're withdrawing MORE than just the dividends, right? But if you're just withdrawing (yes I called it that) the dividends...
by retire57
Wed Sep 06, 2017 4:24 pm
Forum: Investing - Theory, News & General
Topic: Dividends and Withdrawal Rate
Replies: 39
Views: 3496

Re: Dividends and Withdrawal Rate

retiredjg wrote:
Wed Sep 06, 2017 4:19 pm
Maybe if we knew the importance of whether the spent dividends are a withdrawal or not, you'd get answers closer to what you really want to know.
Not sure I follow.

If you mean why am I asking?, the answer is that I want to track our withdrawal rate.
by retire57
Wed Sep 06, 2017 3:59 pm
Forum: Investing - Theory, News & General
Topic: Dividends and Withdrawal Rate
Replies: 39
Views: 3496

Re: Dividends and Withdrawal Rate

OP here. We are invested 50/50, have pensions, and our expenses are low. No SS yet. So far, almost 2 years in to retirement, we don't need a lot from our portfolio. The dividends come from our taxable stock funds only. I don't see why this is a bad strategy in our circumstances. (Folks assume an awf...
by retire57
Wed Sep 06, 2017 12:24 pm
Forum: Investing - Theory, News & General
Topic: Dividends and Withdrawal Rate
Replies: 39
Views: 3496

Dividends and Withdrawal Rate

Suppose one spends only dividends during retirement. Is there technically a withdrawal rate? If so, what is the best way to calculate the rate?
by retire57
Mon Sep 04, 2017 12:54 pm
Forum: Personal Consumer Issues
Topic: Things to buy/repair before (early) retirement
Replies: 32
Views: 3834

Re: Things to buy/repair before (early) retirement

I was thinking car and roof too. That’s assuming you will have no debt at the time of retirement.
by retire57
Sat Sep 02, 2017 2:28 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard - How to combine spouse accounts
Replies: 28
Views: 3051

Re: Vanguard - How to combine spouse accounts

Simply customize your preferences on the VG website to include both accounts for a consolidated view. Changing ownership is an extreme measure.
by retire57
Thu Aug 31, 2017 10:14 am
Forum: Personal Consumer Issues
Topic: Hurricane Harvey relief?
Replies: 42
Views: 3360

Re: Hurricane Harvey relief?

Animal rescue organizations are working hard to save lives too. The Humane Society of the United States has set up a Hurricane Harvey disaster relief fund: https://secure.humanesociety.org/site/Donation2?df_id=23944&mfc_pref=T&23944.donation=form1&s_src=web_hpfs2_082817|web_harvey_help_page_id829921...
by retire57
Tue Aug 29, 2017 9:18 am
Forum: Personal Consumer Issues
Topic: Struggling with "Live like a Resident" versus "Keeping up with the Joneses"
Replies: 139
Views: 22537

Re: Struggling with "Live like a Resident" versus "Keeping up with the Joneses"

More discreet/less confrontational approach than asking "What's your net worth?": maybe just anonymously leaving a copy of the Millionaire Next Door book in the employee lounge/breakroom? Or suggesting to your state bar association that they book the author as a speaker at their next meeting? Unfor...
by retire57
Mon Aug 28, 2017 5:26 pm
Forum: Investing - Help with Personal Investments
Topic: Starting to doubt my index portfolio, will it at least get me 5% inflation adjusted over next two decades?
Replies: 34
Views: 3941

Re: Starting to doubt my index portfolio, will it at least get me 5% inflation adjusted over next two decades?

greg24 wrote:
Mon Aug 28, 2017 4:15 pm
You can't control equity returns. You can control the costs you pay for your investments, and how much you invest.

I would focus on the two things you can control.
:thumbsup
by retire57
Sat Aug 26, 2017 3:54 pm
Forum: Investing - Help with Personal Investments
Topic: Debt payoff vs retirement savings
Replies: 32
Views: 2472

Re: Debt payoff vs retirement savings

How can you afford to invest when you have so much debt?
by retire57
Sat Aug 26, 2017 11:26 am
Forum: Personal Finance (Not Investing)
Topic: USAA Auto Insurance Increase
Replies: 13
Views: 1395

Re: USAA Auto Insurance Increase

With USAA for 35 years - no such notice.
by retire57
Thu Aug 24, 2017 11:06 am
Forum: Personal Finance (Not Investing)
Topic: Living Expenses - what's "reasonable"?
Replies: 101
Views: 9445

Re: Living Expenses - what's "reasonable"?

We fit your criteria. Spend 42 - 45K annually. LCOL area, not interested in material possessions or dining out, but do have 2 rather pricey hobbies - travel and golf. We also give.
by retire57
Wed Aug 23, 2017 3:31 pm
Forum: Personal Finance (Not Investing)
Topic: I did it and feel great about it (paid off mortgage)
Replies: 53
Views: 5968

Re: I did it and feel great about it (paid off mortgage)

Congratulations! Great feeling, isn't it? We paid ours off 22 years ago and never regretted it. Some things are more important than math. :D
by retire57
Thu Aug 17, 2017 11:40 am
Forum: Personal Consumer Issues
Topic: Is it worth it? [demanding jobs vs time with family]
Replies: 182
Views: 12784

Re: Is it worth it? [demanding jobs vs time with family]

It's worth the pay-cut to get your life back. At least it was for me.
by retire57
Wed Aug 16, 2017 5:45 pm
Forum: Personal Finance (Not Investing)
Topic: How can I keep track of my monthly spendings?
Replies: 27
Views: 1925

Re: How can I keep track of my monthly spendings?

Quicken. The array of reports you can generate are unlimited. For example, you can examine your monthly, quarterly, yearly spending with a click. I'm not opposed to spreadsheets, but Quicken is far superior. Drudgery -free!
by retire57
Thu Aug 10, 2017 2:37 pm
Forum: Investing - Theory, News & General
Topic: What Percentage CASH are you?
Replies: 90
Views: 6946

Re: What Percentage CASH are you?

I try to keep cash at 1% of our total retirement portfolio value.
by retire57
Sat Aug 05, 2017 5:26 pm
Forum: Personal Finance (Not Investing)
Topic: Quicken's future direction - a cause for concern
Replies: 468
Views: 56295

Re: Quicken's future direction - a cause for concern

I've tried everything else-- nothing does what Quicken does, as well as it does. Unfortunately, this has been my experience as well. Same here. I've spent a lot of effort over the years developing reports that are useful for us. Highly customized data that I can't get anywhere else. Like many other...
by retire57
Fri Aug 04, 2017 8:17 pm
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 276
Views: 25901

Re: A poll: How much money do you want to retire?

Age 33. Goal is to retire at 50 with $600,000 and a paid off mortgage. Not sure I'm going to make it. I only have $40,000 toward retirement (7% of the goal), and don't have a house yet (but have a 30% down payment ready). Laudable. Just curious -why 600K? It's 25x expenses, which is the common rule...
by retire57
Fri Aug 04, 2017 1:27 pm
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 276
Views: 25901

Re: A poll: How much money do you want to retire?

LiterallyIronic wrote:Age 33. Goal is to retire at 50 with $600,000 and a paid off mortgage.

Not sure I'm going to make it. I only have $40,000 toward retirement (7% of the goal), and don't have a house yet (but have a 30% down payment ready).
Laudable. Just curious -why 600K?
by retire57
Fri Aug 04, 2017 10:30 am
Forum: Personal Finance (Not Investing)
Topic: Do you count vehicle equity in net worth?
Replies: 203
Views: 11354

Re: Do you count vehicle equity in net worth?

We do. I recognize that cars are depreciating assets, but still assets. Mainly we count them because, when we buy, we pay cash and don't enjoy seeing the resultant decrease in net worth.
by retire57
Wed Aug 02, 2017 7:25 pm
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 276
Views: 25901

Re: How much money do you need to retire?

Retired x 1.5 years at 59. (Hence the user name). Our goal was always 1.25 million with no debt, and we achived that right on time. We have 2 pensions and are awaiting SS at FRA. Life is pretty great right now.
by retire57
Tue Aug 01, 2017 7:00 pm
Forum: Personal Consumer Issues
Topic: Wal-Mart Grocery Pick-Up?
Replies: 2
Views: 424

Wal-Mart Grocery Pick-Up?

Anyone use this service? Pros? Cons?
by retire57
Tue Aug 01, 2017 6:43 pm
Forum: Personal Finance (Not Investing)
Topic: Is This Always True Regarding Umbrella Policies?
Replies: 15
Views: 2123

Re: Is This Always True Regarding Umbrella Policies?

PVW wrote:
retire57 wrote:Must you have your vehicle insurance with one carrier in order to obtain umbrella insurance?
No
https://www.rlicorp.com/personal-umbrella-policy
Thanks PVW for the suggestion. RLI worked out.
by retire57
Tue Aug 01, 2017 6:39 pm
Forum: Personal Consumer Issues
Topic: How much should I fix up my house before selling?
Replies: 10
Views: 1933

Re: How much should I fix up my house before selling?

Have you spoken with a realtor? S/he will have the best knowledge of your market and can advise.
by retire57
Mon Jul 31, 2017 3:46 pm
Forum: Investing - Help with Personal Investments
Topic: Tax (and other?) Implications of Spending Dividends
Replies: 11
Views: 1071

Re: Tax (and other?) Implications of Spending Dividends

Thanks to you all for your thoughtful perspective!
by retire57
Sun Jul 30, 2017 5:08 pm
Forum: Personal Consumer Issues
Topic: NYT: Buy more takeout and hire a maid, study suggests
Replies: 36
Views: 6166

Re: NYT: Buy more takeout and hire a maid, study suggests

After having aggressively saved for retirement and then obtaining a wholly unexpected large windfall inheritance, my husband and I have come up with the following guideline for spending: yes if will it make our lives better or easier. For us this has meant 1) No new bigger house. Our house which is...
by retire57
Sun Jul 30, 2017 4:40 pm
Forum: Investing - Help with Personal Investments
Topic: Tax (and other?) Implications of Spending Dividends
Replies: 11
Views: 1071

Re: Tax (and other?) Implications of Spending Dividends

Do you have a taxable account you could spend dividends from? Would preserve the IRA growth, with the same tax impact short term. Already doing so. :D But the bulk of those dividends are going toward funding my Roth. (I still work part-time). So that doesn't make much sense, does it? Maybe it's tim...
by retire57
Sun Jul 30, 2017 12:42 pm
Forum: Investing - Help with Personal Investments
Topic: Tax (and other?) Implications of Spending Dividends
Replies: 11
Views: 1071

Tax (and other?) Implications of Spending Dividends

I turn 59 and 1/2 next month. Yay! Most people wouldn't consider that a milestone, but we BHs do. :wink: DH and I are thinking about spending the dividends from our tax-deferred retirement accounts in order to improve our cash flow. (He's 63 and we plan to delay SS until his FRA). This would increas...
by retire57
Sun Jul 30, 2017 10:51 am
Forum: Investing - Theory, News & General
Topic: Living Off Dividends
Replies: 285
Views: 23416

Re: Living Off Dividends

The problems I see with this approach are as follows: 1. The current total market dividend rate is 1.8%. To get a 2.5% dividend rate means selecting a subset of the total market. This in turn opens the question as to whether you can manage the selection of this subset in a way to avoid getting less...
by retire57
Wed Jul 26, 2017 10:08 am
Forum: Investing - Theory, News & General
Topic: Time, not material goods, 'raises happiness'
Replies: 38
Views: 4474

Re: Time, not material goods, 'raises happiness'

That and ability to interact with people on a social level. Retiring with no social support is a big problem. Good gosh, maybe for some of you. I think the woman would be happy if she never had to interact with anyone other than me and her children. And I could pretty much do without people around ...
by retire57
Tue Jul 25, 2017 3:41 pm
Forum: Investing - Theory, News & General
Topic: Living Off Dividends
Replies: 285
Views: 23416

Re: Living Off Dividends

One theme I've noticed running through all these threads about distribution of one's portfolio after retirement is the very large assumption that you will know how you will feel when the time comes. "Well, if I were 70, I would do XYZ ... " As someone 1.5 years into retirement, I can tell you this ...
by retire57
Tue Jul 25, 2017 3:22 pm
Forum: Investing - Theory, News & General
Topic: Living Off Dividends
Replies: 285
Views: 23416

Re: Living Off Dividends

One theme I've noticed running through all these threads about distribution of one's portfolio after retirement is the very large assumption that you will know how you will feel when the time comes. "Well, if I were 70, I would do XYZ ... " As someone 1.5 years into retirement, I can tell you this -...
by retire57
Tue Jul 25, 2017 2:19 pm
Forum: Investing - Help with Personal Investments
Topic: Money Market Account
Replies: 13
Views: 980

Re: Money Market Account

You don't say if you have an account at a brokerage firm, but if you do you may not have to open a new account anywhere else. For example, if you have a Vanguard account they have a premium money market with a 7 day yield of 1.11% with a $3000 minimum. http://financials.morningstar.com/money-market...
by retire57
Mon Jul 24, 2017 11:10 am
Forum: Personal Consumer Issues
Topic: Is Amazon Prime worth it?
Replies: 135
Views: 10972

Re: Is Amazon Prime worth it?

I'm 7 months in to a year-long experiment after dropping our long-held Prime membership. I knew I wouldn't miss Prime Video (we have Netflix) or Kindle Unlimited, but was concerned about added shipping costs. This year, after 14 purchases, we've paid $12.38 for shipping - a savings of $86.62. My stu...
by retire57
Thu Jul 20, 2017 4:58 pm
Forum: Personal Consumer Issues
Topic: How is U-Haul for getting a trailer hitch?
Replies: 28
Views: 2251

Re: How is U-Haul for getting a trailer hitch?

Did a great job on our SUV about 10 years ago. Including a brake hook-up for a travel trailer.
by retire57
Thu Jul 20, 2017 4:15 pm
Forum: Investing - Help with Personal Investments
Topic: Are my parents a good fit for Vanguard Advisory Services?
Replies: 11
Views: 1412

Re: Are my parents a good fit for Vanguard Advisory Services?

I think so. The service is an effective relatively low-cost option for people who aren't interested in managing their own finances. We did the PAS for about a year, but stopped because I missed managing our money. Now I rely upon this board for feedback (free - yet valuable - advice).
by retire57
Thu Jul 20, 2017 12:34 pm
Forum: Personal Consumer Issues
Topic: Keurig vs coffeemaker - and the Keurig won
Replies: 53
Views: 4382

Re: Keurig vs coffeemaker - and the Keurig won

El Greco wrote:I use an old-fashioned electric percolator because nothing else gets the water hotter. The hotter the water the better the coffee. People who own Keurigs RAVE about my coffee. Keurig is Ok in a pinch, most drip coffee makers flat out suck. End of sermon. :happy
+1 !!!
by retire57
Tue Jul 18, 2017 3:31 pm
Forum: Personal Finance (Not Investing)
Topic: Advice Needed - Investing, Saving, Debt reduction
Replies: 26
Views: 2317

Re: Advice Needed - Investing, Saving, Debt reduction

Great progress! In light of the fact that you are behind where you want to be with retirement savings, make that your primary goal. Your kids can always do college somehow. Another poster recommended community college while working part-time. No shame in that and there is some evidence that path is ...
by retire57
Fri Jul 14, 2017 4:52 pm
Forum: Investing - Help with Personal Investments
Topic: Managed account
Replies: 4
Views: 422

Re: Managed account

We were enrolled in the VG PAS for a couple of years as a trial-run, so to speak. But ultimately decided to drop it when we realized that a) our investments are straightforward buy-and-hold index funds b) I enjoy managing our finances, and c)) I can come here for solid (and free!) advice.
by retire57
Fri Jul 14, 2017 3:30 pm
Forum: Investing - Help with Personal Investments
Topic: Paid off the Mortgage!
Replies: 73
Views: 5853

Re: Paid off the Mortgage!

Way to go!!!! We did the same 20 years ago and the air still smells sweeter!
by retire57
Thu Jul 13, 2017 7:50 am
Forum: Personal Finance (Not Investing)
Topic: Do you count vehicle equity in net worth?
Replies: 203
Views: 11354

Re: Do you count vehicle equity in net worth?

Yes, mainly so I can see what the increase in my networth is year over year accurately by counting it and then depreciating it each year. If I didn't count cars in networth then there'd be a ~40k cash outflow the year you buy a car with no asset and it makes it look like the net worth didn't increa...
by retire57
Tue Jul 11, 2017 1:07 pm
Forum: Personal Finance (Not Investing)
Topic: Is This Always True Regarding Umbrella Policies?
Replies: 15
Views: 2123

Re: Is This Always True Regarding Umbrella Policies?

Steelersfan wrote:The surest way to get the definitive answer is to ask your two particular companies.
I've done so, thanks. Now I'm asking you all!
by retire57
Tue Jul 11, 2017 12:08 pm
Forum: Personal Finance (Not Investing)
Topic: Is This Always True Regarding Umbrella Policies?
Replies: 15
Views: 2123

Is This Always True Regarding Umbrella Policies?

Must you have your vehicle insurance with one carrier in order to obtain umbrella insurance?

We have our cars with one company and an RV with another. It looks like both must be with the same issuer?
by retire57
Sat Jul 08, 2017 8:02 pm
Forum: Personal Finance (Not Investing)
Topic: Paying off loan or not
Replies: 10
Views: 1106

Re: Paying off loan or not

Where you are wrong with your thinking is the belief that even a 10-year term is OK. It's not. The opportunity cost alone is horrible. With your salary, you could pay that debt off in 2 years - easy. Just avoid lifestyle inflation and you can be free in 24 short months. This is fair enough. My plan...
by retire57
Sat Jul 08, 2017 9:02 am
Forum: Personal Finance (Not Investing)
Topic: Paying off loan or not
Replies: 10
Views: 1106

Re: Paying off loan or not

Where you are wrong with your thinking is the belief that even a 10-year term is OK. It's not. The opportunity cost alone is horrible.

With your salary, you could pay that debt off in 2 years - easy. Just avoid lifestyle inflation and you can be free in 24 short months.
by retire57
Sat Jul 08, 2017 8:52 am
Forum: Personal Finance (Not Investing)
Topic: Financial check up/Am I ready to buy a house?
Replies: 12
Views: 959

Re: Financial check up/Am I ready to buy a house?

If you do buy a house, you won't have any questions about what to do with your cash flow - it will go toward home expenses. Homeownership entails much much more $ than the mortgage payment.

Pay off your debt first to free-up more $ for repairs and maintenance. Because there is a lot of that.
by retire57
Sat Jul 01, 2017 6:27 pm
Forum: Personal Finance (Not Investing)
Topic: FIREcalc says I can retire. Should I ?
Replies: 19
Views: 4086

Re: FIREcalc says I can retire. Should I ?

delamer wrote:Do you have a COBRA option that would cover at least some of the pre-Medicare period?
We have an interim COBRA plan now, but it's still $900/month for us 2 healthy early-sixties folks. Makes you look forward to 65!
by retire57
Sat Jul 01, 2017 6:15 pm
Forum: Personal Finance (Not Investing)
Topic: Can't find houses less than 3.3x income. Can we afford it?
Replies: 40
Views: 4800

Re: Can't find houses less than 3.3x income. Can we afford it?

Not to be a buzzkill, but .... you're going to need a lot of surplus $ to purchase things you may not own (lawnmower, leaf blower, fireplace tools, guestroom furniture) and services you are not accustomed to (pest control, plumber, electrician). Just saying you need a healthy cash reserve that you w...