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retire57

No problem at all with dividends. In fact, we love 'em!

From my perspective- someone who is actually retired - dividends from taxable MFs are a great source of income. Dividends are taxed no matter what, so why not spend them rather than selling shares?

It's not that complicated.

retire57

Regret: Homeownership. If I could do it over again, we would be life-long renters.

No regret: Retiring (earlier than planned) after a job loss in order to travel.

retire57

Bought a new car with a check a couple of months ago and no credit check was required. A credit pull under those circumstances makes ZERO sense.

retire57

If you want to live in a space you own and don't mind spending some formerly free time on maintenance and repairs, go for it.

For these type threads, I always have to link this piece from JL Collins:
https://jlcollinsnh.com/2013/05/29/why- ... nvestment/

retire57

How much will you pay the IRS in "convenience fees" to process a credit card payment?

retire57

Just lump sum into vanguard total stock, total international stock, and total bond, log off your financial account and log back in 12 months to rebalance and lump sum another year worth of savings. 30 transactions from now, retire. Have fun the other 364.8 days of the year. DCA and waiting for a co...

retire57

Just in time to send it right back to 'em next month. Yay.

retire57

OP,

Smart!

Your investment choices look great to me. (Don't listen to anyone who tells you are misguided about home ownership.)

Recommend this classic from JL Collins if you haven't already read it:
https://jlcollinsnh.com/2013/05/29/why- ... nvestment/

retire57

A meme I saw on this topic was essentially: USPS Tracking: 1) Package has left facility 2) We have no idea 3) Package delivered That's been my experience with my last 3 deliveries. No problem tracking before, but now the system seems broken. I know the USPS was whining about being backed up due to ...

retire57

Keeping it simple since 1983 - 1 bank, 1 credit card, and a 3-fund portfolio. Put your investment contributions on auto-pilot, increase with raises, check your AA once a year.

Final step: go enjoy your life while compounding and dividend reinvesting do the hard work. It sure worked for us.

retire57

Choosing a spouse who shares the same investing/saving/living-within-our means philosophy. 37 years and counting!

retire57

Agree about pausing the dividend reinvestment in your taxable accounts until you bridge that income gap. You are paying taxes on the dividends anyway so ... Here's what Mr. Bogle himself had to say on the matter. https://www.dividendgrowthinvestor.com/2017/03/john-bogle-likes-dividends.html BTW, thi...

retire57

Deleted.

retire57

I know you've considered this, but can't the SAH mom homeschool the kids? Investing that $$$ instead will have a massive impact on your savings over the next 18 years. Given the opportunity costs, do the math and let us know what the actual price tag is for private school. I wouldn't consider homes...

retire57

Wow, that's insane. I would be major league pissed if I had to send my kid to private school on top of a NYC resident's already-heavy tax burden. Anyway ... I know you've considered this, but can't the SAH mom homeschool the kids? Investing that $$$ instead will have a massive impact on your savings...

retire57

adamthesmythe wrote: ↑Sun Feb 21, 2021 12:26 pm There are societies where high levels of saving have led to slow economic growth. I think this is said of Japan.

You've made some broad statements in this thread like the one above. Credible sources would be helpful for a serious discussion.

retire57

UpperNwGuy wrote: ↑Sat Feb 13, 2021 11:57 pm My IPS explicitly states, "ignore valuations," so this entire thread is not actionable for me.

Exactly. This entire discussion, while entertaining, is moot for Bogleheads.

retire57

Remember it well. Everyone was talking about a bubble so, in the end, the bust was no big surprise.

retire57

Maybe you'll find this article reassuring:

https://awealthofcommonsense.com/2014/0 ... ket-timer/

retire57

I've not read this book yet, but the reviews indicate it's worth reading for a different perspective on the common perception that renting "is throwing money away".

https://smile.amazon.com/dp/B01B2DK68E/ ... _lig_dp_it

retire57

Good god!!! Not to be mean, but ... you can't afford to buy, furnish, or maintain a house. With your income, you should be getting rid of that debt FAST. Taking on additional debt is just increasing your risk. What's the hurry?

retire57

After diligent research, the results are in! My top pick for a great martini is Beefeater (with Tanqueray placing second).

Thanks to all for this educational (and very actionable) thread!

retire57

"The Simple Path to Wealth" by J.L. Collins.

retire57

Our realtor informed us that the cost for a new build has gone up about 40% due to supply chain interruptions. The elevated costs are seen in building materials and other items such as home appliances. These increases are expected to be reflected locally for new builds in the next several months.

retire57

Such a generous thought. But... whether you give the money or loan it, your relationship would change forever. This likely is not worth it to your friend (if he is as considerate as you are).

And he hasn't asked for your help.

retire57

goldendad wrote: ↑Sun Feb 07, 2021 9:59 pm Living below our means plus saving and investing for 45 years.

Same.

retire57

Me too but I have a lot of bonds in tax advantage accounts and stocks in taxable! We are in a similar situation, also retired. Our AA is 50/50 and all our stocks are also in taxable accounts. I began a thread on this same subject some months ago, did a lot of soul-searching, and decided to sell som...

retire57

I take out $100 from the ATM on the first of every month for walkin'-around-money. Everything else goes on one credit card.

retire57

I don't own a printer either. (They always break.) I choose Print to PDF, save to my laptop, transfer the files to my thumb drive, and visit the library.

retire57

With only 6 years left on the mortgage at a decent interest rate, I wouldn't refinance. But I would look at paying the mortgage off quickly. Find an online calculator that factors in extra payments to speed up the payoff. Getting a HELOC to buy a boat is the worst idea I've heard all day. It's still...

retire57

Nobody "plans on" touching his/her emergency fund. I've been around long enough to have had several low-grade emergencies and a high-grade emergency. I sure plan on emergency's now and keep money in a online HYAC (FIDC single account insured max), local bank account (working on FIDC max -...

retire57

I don't understand all these suggestions about alternatives to college. The problem is not lack of choices, it's lack of motivation.

The solution for that has to come from within.

retire57

If she pays cash for a used car, credit is not an issue. A secured card is also a good idea for the future. The sooner she can learn to avoid debt, the better.

retire57

What about health insurance?

The numbers just don't work without moving, which they are not willing to do. And I suspect their estimated living expenses are way off.

Looks like they will have to continue working to the extent SS allows.

retire57

Yes. DH plays (daily, weather permitting) with his Spalding Tour Edition irons from the late-80s. He's as accurate with them as with his new Titleist AP-1s.

retire57

We held. We bought more stock due to dividend reinvestment. We didn't rebalance as it wasn't time.

We also didn't freak out. We lived through 1987, 2001, and 2008, so March 2020 felt familiar.

retire57

Keep it simple(r) - rent.

retire57

We are in the same position. The upside is that there is no hurry to buy. Rather than borrowing or withdrawing from any tax-deferred account, we will likely have our taxable dividends directed to our money market account for the rest of the year. That should provide a nice down payment. I figure thi...

retire57

With the 3-fund portfolio at 50/50, I'm using a 5% return projection. Realizing, of course, that this is nothing more than a wild guess.

retire57

I would only buy before selling if I could cash-flow both property expenses.

retire57

1. Figure out how much $ you'll need for annual repairs and maintenance. Then double it.

2. Figure out how much $ you'll need for tools, window coverings, area rugs, and furniture. Then double it.

retire57

We've been experimenting with many of the gins mentioned in this thread, so thanks for the suggestions. I enjoy a pre-dinner martini while DH is a G&T fan. It's been interesting to compare which gins make the best of each. Thus far, we've tried Plymouth, Bombay, Bombay Sapphire, Bombay Sapphire ...

retire57

Brianmcg321 wrote: ↑Fri Jan 22, 2021 11:38 am JL Collins The Simple Path to Wealth.

https://jlcollinsnh.com/stock-series/

Definitely.

retire57

Just don't get sick there! Quality healthcare varies greatly in this country. Can you provide a credible source for your statement regarding the quality of health-care in Auburn, AL? Well, Alabama is a very poor state, and they don't build good hospitals and attract hordes of good doctors in poor p...

retire57

RobLyons wrote: ↑Tue Jan 19, 2021 8:14 am Just don't get sick there! Quality healthcare varies greatly in this country.

Can you provide a credible source for your statement regarding the quality of health-care in Auburn, AL?

retire57

Nobody "plans on" touching his/her emergency fund. Go with the conventional wisdom - keep enough cash to tide you over between jobs should you lose your income and invest the rest. How will you feel if VTSAX drops 10% in one week? BTW, congrats on getting out if debt and being so disciplin...

retire57

galawdawg wrote: ↑Sun Jan 17, 2021 6:12 pm Just go to Walmart and purchase two money orders. Yes, they take cash! Total cost: $1.76 and a few minutes of your time. Keep it simple!

That's what we opted to do last week. Easy.

retire57

Call and see what supplies your local animal shelter needs. Great way to donate!

retire57

Retired couple in our 60s + no debt = 55K. Includes taxes and medical insurance.

retire57

I'd wait and pay cash.

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