Search found 7609 matches

by JoeRetire
Wed Apr 14, 2021 4:07 pm
Forum: Personal Finance (Not Investing)
Topic: "Nobody's ever regretted paying off the mortgage."
Replies: 101
Views: 4428

Re: "Nobody's ever regretted paying off the mortgage."

Paying off the mortgage is a form of forced savings, and indeed most Americans who go into retirement with any kind of savings have most of it in their house. Most people aren't disciplined enough to save what they would have put toward the mortgage payoff: the real decision is between 'pay down th...
by JoeRetire
Wed Apr 14, 2021 3:01 pm
Forum: Personal Finance (Not Investing)
Topic: "Nobody's ever regretted paying off the mortgage."
Replies: 101
Views: 4428

Re: "Nobody's ever regretted paying off the mortgage."

Cycle wrote: Wed Apr 14, 2021 2:27 pm I paid off my mortgage six years ago. That money would have been earning close to 20% per year in the market. I deeply regret having paid it off.
So not nobody! :shock:

"Nobody's ever regretted paying off the mortgage." = provably false!
by JoeRetire
Wed Apr 14, 2021 1:30 pm
Forum: Investing - Theory, News & General
Topic: "Mortage is a negative bond" - please help me understand
Replies: 5
Views: 428

Re: "Mortage is a negative bond" - help me understand

I've read and heard that a mortgage should be considered a negative bond, although I'm trying to figure out how this concept affects my asset allocation. For example, if I have a $1M investment portfolio with $600K in stocks and $400K in bonds, and I also have a $300K mortgage, does the mortgage (a...
by JoeRetire
Wed Apr 14, 2021 1:18 pm
Forum: Personal Finance (Not Investing)
Topic: "Nobody's ever regretted paying off the mortgage."
Replies: 101
Views: 4428

Re: "Nobody's ever regretted paying off the mortgage."

I cite 2 guys often who are well known and have clear, outspoken, opposite opinions. Dave Ramsey: You're an idiot if you don't pay off your mortgage. It's just debt. Ric Edelman: You're an idiot to pay off your mortgage. You make more money in the market. Keep that low interest money invested. Pers...
by JoeRetire
Wed Apr 14, 2021 1:12 pm
Forum: Personal Finance (Not Investing)
Topic: "Nobody's ever regretted paying off the mortgage."
Replies: 101
Views: 4428

Re: "Nobody's ever regretted paying off the mortgage."

So why would you invest rather than pay down the mortgage? Because you expect a better return on your money. Or because you prefer to keep your capital liquid. I'm asking why, in your opinion, is this advice to pay down the mortgage so prevalent in the personal finance industry? It's simplistic and...
by JoeRetire
Wed Apr 14, 2021 1:07 pm
Forum: Personal Finance (Not Investing)
Topic: How close to retirement age would you start to coast instead of grinding it out?
Replies: 50
Views: 3704

Re: How close to retirement age would you start to coast instead of grinding it out?

The counter though is, I worry about health issues: starting to see some early signals of age and stressful life (needing glasses, pre-diabetic symptoms etc). Coasting isn't going to change your need for glasses or a better diet. If you haven't been attending to your health, fix that. It has nothin...
by JoeRetire
Wed Apr 14, 2021 1:04 pm
Forum: Personal Consumer Issues
Topic: Offering position to candidate interviewed 7 months ago
Replies: 22
Views: 944

Re: Offering position to candidate interviewed 7 months ago

Is it bad form to call and basically say, "Our first choice hasn't worked out after all this time, are you still interested in joining us?" It's not bad form at all. It never hurts to ask. Maybe you'll get lucky and the candidate wasn't actively looking for a new job in the past 7 months.
by JoeRetire
Wed Apr 14, 2021 11:01 am
Forum: Personal Finance (Not Investing)
Topic: How close to retirement age would you start to coast instead of grinding it out?
Replies: 50
Views: 3704

Re: How close to retirement age would you start to coast instead of grinding it out?

yes, but working 25 hours per week gives OP plenty of time to focus on improving their diet and to leisurely shop for their ideal eyeglass frame. Sure. And working 0 hours gives you even more time to focus on improving your diet and shopping even more leisurely for your ideal eyeglass frame. Seriou...
by JoeRetire
Wed Apr 14, 2021 10:31 am
Forum: Personal Finance (Not Investing)
Topic: How close to retirement age would you start to coast instead of grinding it out?
Replies: 50
Views: 3704

Re: How close to retirement age would you start to coast instead of grinding it out?

The counter though is, I worry about health issues: starting to see some early signals of age and stressful life (needing glasses, pre-diabetic symptoms etc). Coasting isn't going to change your need for glasses or a better diet. If you haven't been attending to your health, fix that. It has nothin...
by JoeRetire
Wed Apr 14, 2021 10:30 am
Forum: Personal Finance (Not Investing)
Topic: How close to retirement age would you start to coast instead of grinding it out?
Replies: 50
Views: 3704

Re: How close to retirement age would you start to coast instead of grinding it out?

The counter though is, I worry about health issues: starting to see some early signals of age and stressful life (needing glasses, pre-diabetic symptoms etc). Coasting isn't going to change your need for glasses or a better diet. If you haven't been attending to your health, fix that. It has nothin...
by JoeRetire
Wed Apr 14, 2021 5:45 am
Forum: Personal Investments
Topic: Funding Early Retirement
Replies: 5
Views: 1165

Re: Funding Early Retirement

Cyclist2 wrote: Tue Apr 13, 2021 8:31 pm Is this strategy reasonable?
It's reasonable to get rid of insurance when it's not needed.
by JoeRetire
Wed Apr 14, 2021 5:41 am
Forum: Personal Finance (Not Investing)
Topic: Selling a Time Share
Replies: 25
Views: 2054

Re: Selling a Time Share

What is the language in such a contract that means you can't relinquish it somehow? It's not the language in the contract - it's the language that isn't in the contract. You don't have a right to walk away from the annual fees associated with your timeshare, unless something in the contract specifi...
by JoeRetire
Wed Apr 14, 2021 5:32 am
Forum: Personal Finance (Not Investing)
Topic: How close to retirement age would you start to coast instead of grinding it out?
Replies: 50
Views: 3704

Re: How close to retirement age would you start to coast instead of grinding it out?

The counter though is, I worry about health issues: starting to see some early signals of age and stressful life (needing glasses, pre-diabetic symptoms etc). Coasting isn't going to change your need for glasses or a better diet. If you haven't been attending to your health, fix that. It has nothin...
by JoeRetire
Wed Apr 14, 2021 5:26 am
Forum: Investing - Theory, News & General
Topic: Watch out for inflation numbers
Replies: 44
Views: 4041

Re: Watch out for inflation numbers

gubernaculum wrote: Tue Apr 13, 2021 4:07 pm Just look at home prices. Inflation is blooming.
Real estate is hyper-local. That's not inflation.
by JoeRetire
Wed Apr 14, 2021 5:24 am
Forum: Investing - Theory, News & General
Topic: Watch out for inflation numbers
Replies: 44
Views: 4041

Re: Watch out for inflation numbers

stocknoob4111 wrote: Tue Apr 13, 2021 8:31 am the CPI is fake anyways so the numbers are of little practical use
You seem to be using the term "fake" incorrectly.
Perhaps you meant "misleading" or "inaccurate" or "artificial"?
by JoeRetire
Wed Apr 14, 2021 5:16 am
Forum: Personal Investments
Topic: Will Inflation pay off my home?
Replies: 16
Views: 2017

Re: Will Inflation pay off my home?

Pure speculation here - but if I do buy in this crazy market (and sell my existing home at the same time) - how many years before inflation kicks in and pays my home off for me? What am I missing? Inflation doesn't pay off your home, you do. Over the long term, inflation can make the mortgage payme...
by JoeRetire
Wed Apr 14, 2021 5:09 am
Forum: Personal Investments
Topic: Help with advising sister who's husband just passed.
Replies: 17
Views: 1700

Re: Help with advising sister who's husband just passed.

Wow! Thank you to all who have responded so quickly. I will try to answer the questions I have been asked. There are no other IRAs that I am aware of. She rents her home from her father-in-law. I am not sure if her income is enough to pay her monthly expenses. As you can tell, my sister and her hus...
by JoeRetire
Tue Apr 13, 2021 7:49 pm
Forum: Personal Consumer Issues
Topic: Cicadas
Replies: 23
Views: 1646

Re: Cicadas

Here where I live in Texas we have cicadas, katydids, and tree frogs all summer long, so nights are noisy anyways. I haven't seen any cicadas yet though nor the exoskeletons that they leave on the outside walls of the house and tree trunks. These cicadas emerge from underground only every 17 years ...
by JoeRetire
Tue Apr 13, 2021 5:44 pm
Forum: Personal Finance (Not Investing)
Topic: Former employer won't change my employment status with 401k provider
Replies: 13
Views: 1046

Re: Former employer won't change my employment status with 401k provider

profet wrote: Tue Apr 13, 2021 5:42 pm
DIFAR31 wrote: Tue Apr 13, 2021 5:39 pm If you haven't yet heard back from your former employer, how do you know that they won't change your employment status?
Because they haven't changed it, and are not responding.
Call them. Connect with the individual who is the 401k sponsor or the CFO. Explain the issue.
by JoeRetire
Tue Apr 13, 2021 3:14 pm
Forum: Personal Finance (Not Investing)
Topic: Sell investments for house down payment ?
Replies: 7
Views: 443

Re: Sell investments for house down payment ?

#1 - does it ever make sense to sell some of your investments to fund a down payment on a house ? Yes. If there is no better alternative. #2 - if so - which holdings..... those that have... largest market value, largest appreciation, and largest Cap Gains ? or newer small balance ones with smaller ...
by JoeRetire
Tue Apr 13, 2021 3:08 pm
Forum: Personal Consumer Issues
Topic: DIY recessed lighting installation?
Replies: 30
Views: 1641

Re: DIY recessed lighting installation?

Hire someone with experience. It's not rocket surgery, but they license electricians for a reason. To increase pricing power by artificially limiting supply? :sharebeer Like many trades and professions, electrical work comprises of some work that can be done by almost anybody with an 8th grade educ...
by JoeRetire
Tue Apr 13, 2021 12:02 pm
Forum: Personal Consumer Issues
Topic: DIY recessed lighting installation?
Replies: 30
Views: 1641

Re: DIY recessed lighting installation?

I'm contemplating adding a few recessed lights by myself but I have zero experience in electrical work :happy. My attic is easy to access and those DIY youtube videos seem straightforward. It's definitely not rocket science but I just don't know if it can easily become a fire hazard if not done pro...
by JoeRetire
Tue Apr 13, 2021 11:59 am
Forum: Personal Finance (Not Investing)
Topic: walking the last mile - selling our family home
Replies: 12
Views: 1683

Re: walking the last mile - selling our family home

gips wrote: Tue Apr 13, 2021 11:56 amI'm sure this is a common experience, any tips for dealing with this?
Listen to your wife. Happy wife, happy life.
by JoeRetire
Tue Apr 13, 2021 11:57 am
Forum: Personal Finance (Not Investing)
Topic: $1.5 million home - what % down?
Replies: 7
Views: 881

Re: $1.5 million home - what % down?

rage_phish wrote: Tue Apr 13, 2021 11:40 am we put down a significantly larger down payment than 20%. And it's the reason our offer was accepted over the other 2 offers at the same price.
Why would the seller care how much you put down?
They get paid the entire sales price at closing.
by JoeRetire
Tue Apr 13, 2021 11:33 am
Forum: Personal Finance (Not Investing)
Topic: What's considered "good" terms for a HELOC?
Replies: 2
Views: 190

Re: What's considered "good" terms for a HELOC?

If you are getting a HELOC just to have one, get a fixed rate for as long as you can.
by JoeRetire
Tue Apr 13, 2021 11:31 am
Forum: Personal Finance (Not Investing)
Topic: $1.5 million home - what % down?
Replies: 7
Views: 881

Re: $1.5 million home - what % down?

steadyeddie8 wrote: Mon Apr 12, 2021 1:20 pm Do we just stick with 20% down
Yes. This.
by JoeRetire
Tue Apr 13, 2021 11:18 am
Forum: Personal Consumer Issues
Topic: mortgage application for my widowed mother
Replies: 6
Views: 421

Re: mortgage application for my widowed mother

Nyc10036 wrote: Tue Apr 13, 2021 7:43 am Does my mother simply choose the entity with the lowest rates?
Yes. Points and rates.
by JoeRetire
Tue Apr 13, 2021 6:02 am
Forum: Personal Investments
Topic: Emergency (oh my God fund)
Replies: 45
Views: 4447

Re: Emergency (oh my God fund)

NabSh wrote: Mon Apr 12, 2021 7:18 pm Do you have Emergency fund
Yes.
by JoeRetire
Tue Apr 13, 2021 5:54 am
Forum: Personal Finance (Not Investing)
Topic: Any happy lawyers out there?
Replies: 88
Views: 7331

Re: Any happy lawyers out there?

I'm in my mid-late 20s with a couple years of high school teaching under my belt. I do not lack for money and (with any luck) likely never will. I live below my means, and I want for nothing material. I do not have a family of my own, but I'd like to start one in the next five years or so. I am goo...
by JoeRetire
Tue Apr 13, 2021 5:49 am
Forum: Personal Consumer Issues
Topic: Cockroach Coming Out of Hole in Sink?
Replies: 15
Views: 1420

Re: Cockroach Coming Out of Hole in Sink?

Tell the landlord and/or super to get rid of it (them).
by JoeRetire
Mon Apr 12, 2021 4:27 pm
Forum: Personal Consumer Issues
Topic: Gift Card to Permanently Closed Business
Replies: 15
Views: 2422

Re: Gift Card to Permanently Closed Business

DTalos wrote: Fri Apr 09, 2021 11:53 am What is the possibility of recovering any $ from filing a claim?
None.

How much was the card worth?

If the business comes out of bankruptcy or brings in a new owner, you could appeal to them. Don't expect anything to come of that, though.
by JoeRetire
Mon Apr 12, 2021 3:50 pm
Forum: Personal Finance (Not Investing)
Topic: Anxiety about the future
Replies: 57
Views: 6385

Re: Anxiety about the future

Somethingwitty92912 wrote: Mon Apr 12, 2021 7:46 amI worked in a high stress job for 13 years with my own overlords
Why?
by JoeRetire
Mon Apr 12, 2021 3:10 pm
Forum: Personal Finance (Not Investing)
Topic: Coming out of being debt free - ??
Replies: 14
Views: 1250

Re: Coming out of being debt free - ??

Since quite a bit of our money will be tied up in pensions/RE/tIRA that don’t reasonably provide a lump sum but payout over time, I have no anxiety about taking out a mortgage(s). But that seems counterintuitive to the boglehead approach. Am I wrong? Worry only about the approach that works best fo...
by JoeRetire
Sun Apr 11, 2021 2:54 pm
Forum: Personal Finance (Not Investing)
Topic: In-Laws' HOA demanding $8000 lumpsum payment
Replies: 91
Views: 10509

Re: In-Laws' HOA demanding $8000 lumpsum payment

I'll never understand why anyone would want to buy property under the thumb of an HOA. Perhaps to ensure that their neighbor doesn't paint their house orange, turn the grass yard into a meadow, and decide to house 9 dogs? Just a guess.. It;s their house, they can paint it any color they want. There...
by JoeRetire
Sun Apr 11, 2021 11:54 am
Forum: Personal Finance (Not Investing)
Topic: How much should I overpay?
Replies: 51
Views: 5183

Re: How much should I overpay?

neverpanic wrote: Sun Apr 11, 2021 11:21 am Over the course of 20 years, 50-100K is nothing.
Give me the nothing today. In 20 years, I'll make it worth something.
by JoeRetire
Sun Apr 11, 2021 11:44 am
Forum: Personal Finance (Not Investing)
Topic: In-Laws' HOA demanding $8000 lumpsum payment
Replies: 91
Views: 10509

Re: In-Laws' HOA demanding $8000 lumpsum payment

I'll never understand why anyone would want to buy property under the thumb of an HOA. Perhaps to ensure that their neighbor doesn't paint their house orange, turn the grass yard into a meadow, and decide to house 9 dogs? Just a guess.. The nuisance stuff can be handled perfectly well by county cod...
by JoeRetire
Sun Apr 11, 2021 11:28 am
Forum: Personal Finance (Not Investing)
Topic: In-Laws' HOA demanding $8000 lumpsum payment
Replies: 91
Views: 10509

Re: In-Laws' HOA demanding $8000 lumpsum payment

corp_sharecropper wrote: Sat Apr 10, 2021 10:32 pm I'll never understand why anyone would want to buy property under the thumb of an HOA.
Perhaps to ensure that their neighbor doesn't paint their house orange, turn the grass yard into a meadow, and decide to house 9 dogs?
Just a guess..
by JoeRetire
Sun Apr 11, 2021 10:32 am
Forum: Personal Finance (Not Investing)
Topic: How much should I overpay?
Replies: 51
Views: 5183

Re: How much should I overpay?

We thought paying mid 500s was our upper limit 6 months ago, and now we are looking at houses that are 700-800. So that says something about what is really an "upper limit" I guess. We could probably wait a year if we need to, but is that even a smart thing to do? We are in a pretty good ...
by JoeRetire
Sun Apr 11, 2021 8:27 am
Forum: Personal Finance (Not Investing)
Topic: [Spouse recently passed away. Please help me handle his financial matters]
Replies: 106
Views: 6410

Re: So what is wrong with not investing?

I have a large sum of money to manage now so I don't get in trouble in the next 14 years I am 53 My husband's life savings, however, are something I woud like to protect, and I have zero tolerance for loss there At this point, I really don't want to grow it, I just want to keep it and have it be th...
by JoeRetire
Sun Apr 11, 2021 5:59 am
Forum: Personal Finance (Not Investing)
Topic: How much do you spend in retirement compared to before? Did you budget enough?
Replies: 13
Views: 1772

Re: How much do you spend in retirement compared to before? Did you budget enough?

Firstly thank you for answering all my questions. As you can see I'm quite anxious about retiring early and a root of the anxiety is that I don't have a firm grasp on how much money I'll spend after retirement compared to before retirement. I estimate I'm going to spend twice as much after retireme...
by JoeRetire
Sun Apr 11, 2021 5:47 am
Forum: Personal Finance (Not Investing)
Topic: Anxiety about the future
Replies: 57
Views: 6385

Re: Anxiety about the future

In less than two years I became debt free and saved a liquid net worth of over half a million dollars - essentially a 700k swing in net worth in 2 years. How do I switch focus, remind myself that I am still blessed compared compared to most of the world, but somehow I'm still left thinking that the...
by JoeRetire
Sun Apr 11, 2021 5:41 am
Forum: Personal Consumer Issues
Topic: Comfortable Men's Flip Flops?
Replies: 53
Views: 3523

Re: Comfortable Men's Flip Flops?

waltman300 wrote: Sat Apr 10, 2021 10:05 pmAnyone have tips on this?
Amazon.

Search for the specific Dockers style. Often, even discontinued styles can be found there.
by JoeRetire
Sat Apr 10, 2021 4:40 pm
Forum: Personal Finance (Not Investing)
Topic: In-Laws' HOA demanding $8000 lumpsum payment
Replies: 91
Views: 10509

Re: In-Laws' HOA demanding $8000 lumpsum payment

TomatoTomahto wrote: Sat Apr 10, 2021 4:04 pm The town might tell me to adhere to electric code, or where my well can be, but they won’t tell me what color I can paint my house or whether or not I can turn the lawn into a meadow.
The town can tell you what colors are permitted, if you chose to live in a historical district.
by JoeRetire
Sat Apr 10, 2021 4:35 pm
Forum: Personal Finance (Not Investing)
Topic: Do budgets work?
Replies: 122
Views: 4816

Re: Do budgets work?

This morning, I read a Tweet I found depressing: "In 13 years as a financial advisor, I've never seen anyone actually turn their life around with a budget. They either earn their way out of their spending habits, or they are in debt forever." Do you agree? Like pretty much everything, the...
by JoeRetire
Sat Apr 10, 2021 3:58 pm
Forum: Personal Finance (Not Investing)
Topic: In-Laws' HOA demanding $8000 lumpsum payment
Replies: 91
Views: 10509

Re: In-Laws' HOA demanding $8000 lumpsum payment

InLaws are unaware if this was disclosed. Don't they still have all the paperwork (including all disclosure statements)? Didn't their lawyer keep copies of all the paperwork? What would be the most cost-effective way to have a favorable outcome in this? I imagine an attorney, but not sure what type...
by JoeRetire
Sat Apr 10, 2021 3:55 pm
Forum: Personal Finance (Not Investing)
Topic: In-Laws' HOA demanding $8000 lumpsum payment
Replies: 91
Views: 10509

Re: In-Laws' HOA demanding $8000 lumpsum payment

Hoping someone with more experience on HOAs/Home Owner's Insurance Claims can offer some advice on this... In-Laws recently purchased a town-home with an HOA in September 2020. The real estate listing read the following "2013 & 2014 STORM LITIGATION HAS BEEN SETTLED. :-) ". Fast forwa...
by JoeRetire
Sat Apr 10, 2021 3:26 pm
Forum: Personal Finance (Not Investing)
Topic: Theory: The Only Four Situations Justifying Debt
Replies: 103
Views: 7006

Re: Theory: The Only Four Situations Justifying Debt

DesertMan wrote: Sat Apr 10, 2021 12:30 pmDon't buy depreciating assets like cars or electronics on credit.
If someone wants to sell me a car with a 0% interest loan, I'm okay with that.
by JoeRetire
Sat Apr 10, 2021 3:21 pm
Forum: Personal Investments
Topic: AA for someone 2 years from retirement
Replies: 47
Views: 4758

Re: AA for someone 2 years from retirement

What are the percentages of stock, bonds, inflation protection securities (?), cash, to shoot for in your portfolio as you move to retirement, and in this current market? For now lets assume no debt. How long do you expect retirement to last? For many, this is a 30-40 year time period. There's no m...
by JoeRetire
Sat Apr 10, 2021 3:16 pm
Forum: Personal Finance (Not Investing)
Topic: Contract with Family Member for Grandfather’s Care?
Replies: 17
Views: 1726

Re: Contract with Family Member for Grandfather’s Care?

shuchong wrote: Sat Apr 10, 2021 12:36 pmAny thoughts/areas that we’re missing would be much appreciated!
If it's important enough to create a formal contract, it's important enough to involve an attorney.

Let your elder care attorney drive the process.
by JoeRetire
Sat Apr 10, 2021 6:23 am
Forum: Personal Finance (Not Investing)
Topic: Staying at a company after giving notice? (counter-offer)
Replies: 58
Views: 5821

Re: Staying at a company after giving notice? (counter-offer)

PeterParker wrote: Thu Apr 08, 2021 11:09 amI've talked to a few individuals for maybe 30 minutes each over there ha.
You accepted a job offer and gave your notice at your current company - based on a few 30 minute conversations that you don't consider any big deal?