Search found 7452 matches

by midareff
Mon Apr 19, 2021 4:21 pm
Forum: Personal Finance (Not Investing)
Topic: How foolish is this? [Buying waterfront apartment in Florida]
Replies: 95
Views: 8648

Re: How foolish is this? [Buying waterfront apartment in Florida]

Good luck in the search. The next time you find a place you like do what's necessary to buy it. / I thought I did. My realtor thought I had a better than 90% chance. But in this market, the sky is the limit. Give it another 12-18 months and they will be trying to give the stuff away... December 201...
by midareff
Sun Apr 18, 2021 9:07 am
Forum: Personal Investments
Topic: withdrawal strategy after market decline
Replies: 31
Views: 2286

Re: withdrawal strategy after market decline

Lots of threads about SWR discuss the SWR as a rough planning tool as opposed to a literal plan and lots of folks have stated of course after a big market selloff/bear market it would be natural to reduce withdrawals. But I don't recall lots of discussions on the details of reducing withdrawals aft...
by midareff
Sat Apr 17, 2021 6:20 pm
Forum: Personal Finance (Not Investing)
Topic: How foolish is this? [Buying waterfront apartment in Florida]
Replies: 95
Views: 8648

Re: How foolish is this? [Buying waterfront apartment in Florida]

I'm 73 now, 10 years retired and have lived in South Florida long term. If you think you are going to live another 50 years that could be an issue, the rising water level and such. For me at 73 it is a non-issue. I'll be out exercise walking in about a half hour at 74 degree weather. No nights belo...
by midareff
Sat Apr 17, 2021 6:19 pm
Forum: Investing - Theory, News & General
Topic: What’s the problem with dividends?
Replies: 271
Views: 14853

Re: What’s the problem with dividends?

Da5id wrote: Sat Apr 17, 2021 7:56 am
midareff wrote: Sat Apr 17, 2021 7:46 am If you have enough of them it can be tough to spend them all.
The IRS is often happy to help you reduce the magnitude of that problem.
I have noticed in my personal experience. However, being retired the problem is not that much.
by midareff
Sat Apr 17, 2021 7:46 am
Forum: Investing - Theory, News & General
Topic: What’s the problem with dividends?
Replies: 271
Views: 14853

Re: What’s the problem with dividends?

If you have enough of them it can be tough to spend them all.
by midareff
Sat Apr 17, 2021 7:44 am
Forum: Personal Finance (Not Investing)
Topic: How foolish is this? [Buying waterfront apartment in Florida]
Replies: 95
Views: 8648

Re: How foolish is this? [Buying waterfront apartment in Florida]

I'm 73 now, 10 years retired and have lived in South Florida long term. If you think you are going to live another 50 years that could be an issue, the rising water level and such. For me at 73 it is a non-issue. I'll be out exercise walking in about a half hour at 74 degree weather. No nights below...
by midareff
Fri Apr 16, 2021 8:51 am
Forum: Personal Investments
Topic: Shorten duration of Bond allocation
Replies: 20
Views: 841

Re: Shorten duration of Bond allocation

T-Mobile Checking might be less of a deal than you think it is. From an online opinion; "f you are thinking of using a T-Mobile bank account just be aware that they make it VERY hard to get your money out once it is deposited. There is a $3,000 limit to ACH transfers, going into or out of thei...
by midareff
Fri Apr 16, 2021 8:36 am
Forum: Personal Investments
Topic: Shorten duration of Bond allocation
Replies: 20
Views: 841

Re: Shorten duration of Bond allocation

T-Mobile Checking might be less of a deal than you think it is. From an online opinion; "f you are thinking of using a T-Mobile bank account just be aware that they make it VERY hard to get your money out once it is deposited. There is a $3,000 limit to ACH transfers, going into or out of thei...
by midareff
Fri Apr 16, 2021 8:23 am
Forum: Personal Investments
Topic: Shorten duration of Bond allocation
Replies: 20
Views: 841

Re: Shorten duration of Bond allocation

Basically, you are asking us to predict whether the loss you will get if/when rates rise will off-set the higher interest rate the intermediate bonds give versus short term bonds. Let's compare VBIRX to VBILX to my checking account. Intermediate: VBILX 6.6 Duration, 1.68% SEC Yield. Short: VBIRX 2....
by midareff
Fri Apr 16, 2021 8:15 am
Forum: Personal Investments
Topic: Shorten duration of Bond allocation
Replies: 20
Views: 841

Re: Shorten duration of Bond allocation

While the Boglehead mantra is stay the course and don't ever try to time the market things can change IMHO. If rebalancing in this run-up has provided your needs in bonds/fixed income/bank cash it may be reasonable to shorten the duration of your overall bond holdings in anticipation of interest rat...
by midareff
Wed Apr 14, 2021 1:03 pm
Forum: Personal Finance (Not Investing)
Topic: Does it make sense that a car dealer needs to do a hard pull if you pay in full by check (cash)?
Replies: 79
Views: 7212

Re: Does it make sense that a car dealer needs to do a hard pull if you pay in full by check (cash)?

In 2018 I special ordered a vehicle from an out of town dealer and provided an order deposit of $5K by 2% cash back Visa. The car arrived 3.5 months later and I pulled a cashiers check payable to me to sign off at the dealer if all was OK. They said they couldn't accept it as it was a third party ch...
by midareff
Wed Apr 14, 2021 12:55 pm
Forum: Personal Finance (Not Investing)
Topic: How close to retirement age would you start to coast instead of grinding it out?
Replies: 125
Views: 12192

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

FWIW, I retired 10 years ago @ 64 years of age. I had always been in stressful positions and worked long hours my entire working career. It was also no secret that my long term assistant was going to be promoted into my position when I left. The specialized knowledge requirements made it that way. I...
by midareff
Tue Apr 06, 2021 3:45 pm
Forum: Personal Finance (Not Investing)
Topic: For those retired or FI, how much do you spend annually?
Replies: 286
Views: 20909

Re: How much do you spend annually in retirement?

I use the VPW drawdown percentage as a guide and then think about differences in abilities to travel (pre-Covid) and then realize the clock is going tic toc and .... restarting travel at the end of this year and expecting to be traveling again internationally in 12 + months from now I am spending al...
by midareff
Tue Apr 06, 2021 8:21 am
Forum: Personal Investments
Topic: Bonds vs Cash in a very low interest rate world
Replies: 51
Views: 6707

Re: Bonds vs Cash in a very low interest rate world

Other than that cash is costly.... it costs money to the IRS to get it, its return is shared with the IRS and it looses ground to inflation. You could replace "cash" with "bond" and the statement above would still be true, in the current interest rate environment (ignoring munis...
by midareff
Mon Apr 05, 2021 1:06 pm
Forum: Personal Consumer Issues
Topic: Best Password Protection Method?
Replies: 15
Views: 1367

Re: Best Password Protection Method?

I've been using LastPass for quite a few years. I've only got 2 long passwords to remember. The one for LastPass and the one for Folder Locker.
by midareff
Mon Apr 05, 2021 1:03 pm
Forum: Personal Investments
Topic: Bonds vs Cash in a very low interest rate world
Replies: 51
Views: 6707

Re: Bonds vs Cash in a very low interest rate world

I don't know anything Jim.... I subscribe to the nobody knows nothing theory, specifically including me. OTOH, I don't see how the Fed can dump money into an economy and not create some degree or form of inflation, expected or not. Velocity is the relation between the money supply and the economy. ...
by midareff
Mon Apr 05, 2021 9:26 am
Forum: Personal Investments
Topic: Bonds vs Cash in a very low interest rate world
Replies: 51
Views: 6707

Re: Bonds vs Cash in a very low interest rate world

When a market crash inevitably happens you may have wished you kept the bonds instead of substituting for cash That depends on the type of bond in question. That may depend on the cause of the crash. If it is a huge equity value drop due a combination of a jump in inflation, increased tax rates and...
by midareff
Mon Apr 05, 2021 9:19 am
Forum: Personal Investments
Topic: Bonds vs Cash in a very low interest rate world
Replies: 51
Views: 6707

Re: Bonds vs Cash in a very low interest rate world

Right now cash held in a bank account is emergency money and a monthly float for expenses that may not coincide exactly with monthly income. High yield savings now are at .5% typically and then you deduct you tax rate from the interest.... then roughly 1.5% for inflation. At least in an inflationar...
by midareff
Sun Apr 04, 2021 6:16 pm
Forum: Personal Investments
Topic: Bonds vs Cash in a very low interest rate world
Replies: 51
Views: 6707

Re: Bonds vs Cash in a very low interest rate world

Right now cash held in a bank account is emergency money and a monthly float for expenses that may not coincide exactly with monthly income. High yield savings now are at .5% typically and then you deduct you tax rate from the interest.... then roughly 1.5% for inflation. At least in an inflationary...
by midareff
Sun Apr 04, 2021 5:46 pm
Forum: Personal Consumer Issues
Topic: What are you listening to now
Replies: 1579
Views: 94719

Re: What are you listening to now

Delbert McClinton .... Blues guy
by midareff
Sun Apr 04, 2021 7:59 am
Forum: Personal Consumer Issues
Topic: Uber ride — how to be sure windows will open?
Replies: 17
Views: 1939

Re: Uber ride — how to be sure windows will open?

I recently ordered an Uber only to learn that the backseat windows did not open. I think they were not designed to open, it wasn’t that they were not working. I cannot think of a normal 4-door car with no window controls but possible I guess. Just contact the driver from the app once they accept th...
by midareff
Fri Apr 02, 2021 5:32 pm
Forum: Personal Consumer Issues
Topic: recommendation for an online computer back up plan?
Replies: 9
Views: 584

Re: recommendation for an online computer back up plan?

I bought a laptop to back up my desktop which is in addition to multiple hard drive backups. In essence; desktop is a Samsung 27" panel all in one with SSD and high performance chips and graphics. It is a Win 10 box I use for everyday stuff, financial stuff and photo work. It is hard wired to o...
by midareff
Wed Mar 31, 2021 6:22 pm
Forum: Personal Finance (Not Investing)
Topic: Spending money and living now VS saving and living better later?
Replies: 82
Views: 17334

Re: Spending money and living now VS saving and living better later?

Hey gang, Been having some thoughts about living your life now, verses taking the back seat - being more cautious and frugal finacially, and saving for a hopeful earlier retirement to "live" and "play" when it eventually happens. I look at myself and I think I'm a pretty dedicat...
by midareff
Wed Mar 31, 2021 1:31 pm
Forum: Personal Finance (Not Investing)
Topic: How much retirement notice to give
Replies: 66
Views: 3666

Re: How much retirement notice to give

Your age isn't a secret and since you have a succession plan in place I wonder why she would ask for a year. Is that her way of disagreeing with your plan and signalling she wants an outside recruitment? If you are in a valuable management position and have been with the company for 20 years I would...
by midareff
Tue Mar 30, 2021 7:54 am
Forum: Personal Consumer Issues
Topic: Fidelity Study on Retirement
Replies: 18
Views: 2070

Re: Fidelity Study on Retirement

If we can include travel plans that didn't happen it most certainly threw ours off. If we include all the restaurant meals we didn't get to go out for certainly yes. If we include the binge watching depressions in the couch.. LOL. If I get to include all the catching up I was able to do for listenin...
by midareff
Tue Mar 30, 2021 7:31 am
Forum: Personal Finance (Not Investing)
Topic: Did you review your closing documents ahead of closing?
Replies: 31
Views: 2150

Re: Did you review your closing documents ahead of closing?

That's my closing attorney's job. He always seems to find a few thousand dollars in there somewhere.
by midareff
Mon Mar 29, 2021 9:01 am
Forum: Personal Finance (Not Investing)
Topic: 200k Where do I put it for 12 months
Replies: 23
Views: 2636

Re: 200k Where do I put it for 12 months

Cesareoden wrote: Sun Mar 28, 2021 9:11 pm This April I was going to build a summer cottage with 200k cash. Material prices are ski high so I’m going to wait a year. Where should I put the 200 right now? It’s in my Business checking earning 2%. I don’t want risk what’s the best rate with the least risk?
Thanks
You already have it @ 2%.
by midareff
Mon Mar 29, 2021 8:54 am
Forum: Investing - Theory, News & General
Topic: Muni funds in a rising interest rate environment
Replies: 15
Views: 1460

Re: Muni funds in a rising interest rate environment

Do you care about the market value of your muni funds? Short of an unlikely catastrophe, I don't. Rising interest rates will reduce market value but not income flow. In the longer term (depending on the fund's duration) income flow will increase as older bonds are replaced by new and higher-yieldin...
by midareff
Sun Mar 28, 2021 6:06 pm
Forum: Investing - Theory, News & General
Topic: Muni funds in a rising interest rate environment
Replies: 15
Views: 1460

Re: Muni funds in a rising interest rate environment

Do you care about the market value of your muni funds? Short of an unlikely catastrophe, I don't. Rising interest rates will reduce market value but not income flow. In the longer term (depending on the fund's duration) income flow will increase as older bonds are replaced by new and higher-yieldin...
by midareff
Sun Mar 28, 2021 8:02 am
Forum: Personal Investments
Topic: Portfolio simplication and what to do about unrealized cap gains?
Replies: 20
Views: 1157

Re: Portfolio simplication and what to do about unrealized cap gains?

I am in early retirement and very comfortable financially. I want to simplify my portfolio to make my life less complicated plus make it easier for the wife if I predecease her. I have most of my holdings in total stock market, dividend growth fund, mid cap index, and international dividend appreci...
by midareff
Sun Mar 28, 2021 7:58 am
Forum: Personal Finance (Not Investing)
Topic: What is an average retirement a/c worth in America ?
Replies: 228
Views: 22396

Re: What is an average retirement a/c worth in America ?

I'm looking for some reassurance, and to better manage my expectations. My family's networth is less than a million (not counting my daughter's Coverdell). I see posts here from people in their 30s with 1.5 million in investments, people in their 20s with 6 figures in assets etc, "windfalls&qu...
by midareff
Sat Mar 27, 2021 1:52 pm
Forum: Personal Consumer Issues
Topic: Car in Hawaii For One Year
Replies: 35
Views: 2271

Re: Car in Hawaii For One Year

A close relative is going to Hawaii for 1 year for work. His employer will pay to ship his Pennsylvania-registered car both ways. Hawaii says he can do that and maintain his PA registration for that period, but must have front and back license plates. PA only issues one (rear) plate. What’s the eas...
by midareff
Sat Mar 27, 2021 8:51 am
Forum: Personal Investments
Topic: Question to current retirees
Replies: 14
Views: 2124

Re: Question to current retirees

Retired about to start year ten. 2019 and 2020 have been difficult due to health issues (resolved) and Covid protection protocols but we are ready to go again now and have restarted dining out a couple times a week. Next cruise in December this year and four more to follow, three in 2022 and one boo...
by midareff
Sat Mar 27, 2021 8:22 am
Forum: Personal Consumer Issues
Topic: What are you listening to now
Replies: 1579
Views: 94719

Re: What are you listening to now

He's excellent. :happy You listen to any Bernard Allison? I do now! He's excellent. I like the tone of his guitar. I see he's based in France although born in Chicago. :beer https://www.youtube.com/watch?v=lbAAU-1A4rc Tidal has a ton of both of them. Nice. I just pulled up Allison’s Songs From the ...
by midareff
Fri Mar 26, 2021 6:44 pm
Forum: Personal Consumer Issues
Topic: Thoughts on selling a CD music collection....
Replies: 65
Views: 3692

Re: Thoughts on selling a CD music collection....

If OP is old and retired then these CDs are probably a music genre that no one wants outside that age group. I am sure they have sentimental value, but that would be it. All of it is accessible on YouTube. As a boomer myself I can appreciate that there is the notion that someone may want them. As a...
by midareff
Fri Mar 26, 2021 6:41 pm
Forum: Personal Consumer Issues
Topic: Thoughts on selling a CD music collection....
Replies: 65
Views: 3692

Re: Thoughts on selling a CD music collection....

Lots of memories - Tower Records in NYC Village, J&R Music by City Hall... Aaahhh... I lived and taught in the Capital District for a couple of years in the 1980s, and made regular day- and weekend-trips down to the city to shop at Tower and J&R. I bought my first CD player at J&R in th...
by midareff
Fri Mar 26, 2021 6:38 pm
Forum: Personal Consumer Issues
Topic: What are you listening to now
Replies: 1579
Views: 94719

Re: What are you listening to now

It Was You — Norah Jones (from her first live album to be released Apr 16) https://www.rollingstone.com/music/music-news/norah-jones-it-was-you-1146644/ Here There Be Trolls — Tyrannosaurus Rex https://youtu.be/DJLAKcnq-1U Yellow Moon — The Neville Brothers https://youtu.be/ZlVxx3HVW24 I like Norah...
by midareff
Fri Mar 26, 2021 6:37 pm
Forum: Personal Consumer Issues
Topic: What are you listening to now
Replies: 1579
Views: 94719

Re: What are you listening to now

Last night it was Delbert McClinton..... Blues Guy. He's excellent. :happy You listen to any Bernard Allison? I do now! He's excellent. I like the tone of his guitar. I see he's based in France although born in Chicago. :beer https://www.youtube.com/watch?v=lbAAU-1A4rc Tidal has a ton of both of th...
by midareff
Fri Mar 26, 2021 9:19 am
Forum: Personal Finance (Not Investing)
Topic: Should I stay or should I go?
Replies: 48
Views: 5057

Re: Should I stay or should I go?

Sounds like you enjoyed what you were doing and were properly compensated for doing it. Since with a 16 year old you really aren't free to go on that yearlong cruise or 6 month Safari (not to mention Covid) I'd give the new arrangement a try as long as you really were given the reins and control ove...
by midareff
Fri Mar 26, 2021 9:03 am
Forum: Personal Consumer Issues
Topic: Thoughts on selling a CD music collection....
Replies: 65
Views: 3692

Re: Thoughts on selling a CD music collection....

by Coburn » Thu Mar 25, 2021 7:56 pm When and if you have a complete listing of all your CDs prepared and are ready to move/sell some of them...I'd appreciate if you PM me. I have about 2500 CDs myself which I've collected over 30-some-odd years...and which like you, although a bit onerous to sell n...
by midareff
Fri Mar 26, 2021 8:02 am
Forum: Personal Consumer Issues
Topic: Thoughts on selling a CD music collection....
Replies: 65
Views: 3692

Re: Thoughts on selling a CD music collection....

For giggles and grins, a couple of different donation valuation sites that I checked showed a valuation of $2 to $5. Not much interest in attempting to sell a boatload of CDs to who knows how many individual buyers. So I'll sell the ones that can command a good price, and donate the rest. As usual,...
by midareff
Fri Mar 26, 2021 8:00 am
Forum: Personal Consumer Issues
Topic: Thoughts on selling a CD music collection....
Replies: 65
Views: 3692

Re: Thoughts on selling a CD music collection....

I have the same opportunity, though a few more CDs, 1090 according to my Windows Media Player. Though, I haven't listened to any for a couple of months. A DD gave me an Amazon Unlimited HD Music subscription for Christmas. I love it, allows me to listen to any of my old favorites, and enjoy new mus...
by midareff
Thu Mar 25, 2021 3:22 pm
Forum: Personal Consumer Issues
Topic: Thoughts on selling a CD music collection....
Replies: 65
Views: 3692

Re: Thoughts on selling a CD music collection....

Freecycle.org may be helpful to help you get rid of them. If you want 100 bubble mailers for way less than $34, let me know. I've got a box I was going to put up on eBay, but I'd rather see them go for less but for a good cause. By the way, what is your top of the line CD player, and do you plan on...
by midareff
Thu Mar 25, 2021 3:14 pm
Forum: Personal Consumer Issues
Topic: Thoughts on selling a CD music collection....
Replies: 65
Views: 3692

Re: Thoughts on selling a CD music collection....

I have the same opportunity, though a few more CDs, 1090 according to my Windows Media Player. Though, I haven't listened to any for a couple of months. A DD gave me an Amazon Unlimited HD Music subscription for Christmas. I love it, allows me to listen to any of my old favorites, and enjoy new mus...
by midareff
Thu Mar 25, 2021 3:06 pm
Forum: Personal Consumer Issues
Topic: Thoughts on selling a CD music collection....
Replies: 65
Views: 3692

Re: Thoughts on selling a CD music collection....

It could be difficult to even donate them at this stage. They made end up at the dump, unfortunately. Well, worthless they may be but that doesn't happen until an eBayer doesn't bid mail cost plus a couple bucks. I'm willing to spend $34 to buy a 100 bubble mailers on the bet many, many folks have ...
by midareff
Thu Mar 25, 2021 3:04 pm
Forum: Personal Consumer Issues
Topic: Thoughts on selling a CD music collection....
Replies: 65
Views: 3692

Re: Thoughts on selling a CD music collection....

If you think each individual CD may be worth a dollar or more, check a few titles on Ebay and see. You can look at sold listings only (there are filtering options on the far left if you are searching for items on ebay on a computer) to see what people have actually paid for a similar item recently....
by midareff
Thu Mar 25, 2021 3:03 pm
Forum: Personal Consumer Issues
Topic: Thoughts on selling a CD music collection....
Replies: 65
Views: 3692

Re: Thoughts on selling a CD music collection....

Freecycle.org may be helpful to help you get rid of them. If you want 100 bubble mailers for way less than $34, let me know. I've got a box I was going to put up on eBay, but I'd rather see them go for less but for a good cause. By the way, what is your top of the line CD player, and do you plan on...
by midareff
Thu Mar 25, 2021 2:53 pm
Forum: Personal Consumer Issues
Topic: Thoughts on selling a CD music collection....
Replies: 65
Views: 3692

Re: Thoughts on selling a CD music collection....

The CD rack space are x $/sq is your savings. Use that to subscribe Tidal, Sportify or Qobuz. sell you CD collection, Hi-Res musics (96kHz/24bits) are all in the cloud now. LOL, already picked up a $99 for the year Hi-Fi Tidal with guaranteed $119 renewals (less 5%) and have Spottily free as well b...
by midareff
Thu Mar 25, 2021 2:51 pm
Forum: Personal Consumer Issues
Topic: Thoughts on selling a CD music collection....
Replies: 65
Views: 3692

Re: Thoughts on selling a CD music collection....

It could be difficult to even donate them at this stage. They made end up at the dump, unfortunately. Unfortunately, I think that this is likely correct. Just as the OP has moved on from CDs, so has the rest of the world. I gave up a much smaller cd collection (perhaps 100-150) years ago. I gave th...
by midareff
Thu Mar 25, 2021 2:39 pm
Forum: Personal Consumer Issues
Topic: Thoughts on selling a CD music collection....
Replies: 65
Views: 3692

Re: Thoughts on selling a CD music collection....

I believe there was a recent thread of someone with 2000+ CDs in a similar pickle. Selling them individually or small sets will give you the most revenue, but at what cost in time and shipping? This is going to be extremely tedious and, if the collection has any sentimental value, very discouraging...