Search found 145 matches

by ER2023
Thu Apr 15, 2021 8:30 am
Forum: Personal Finance (Not Investing)
Topic: "Nobody's ever regretted paying off the mortgage."
Replies: 433
Views: 28507

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

In 2013, we took $264k of cash and paid off the mortgage. While we could have made a lot of money investing it from then until now, nothing compares to the freedom it gave both of us, including leaving high stress jobs. We don't regret it for a second.
by ER2023
Mon Apr 12, 2021 8:15 am
Forum: Personal Investments
Topic: Using different withdrawal amounts throughout retirement
Replies: 4
Views: 669

Re: Using different withdrawal amounts throughout retirement

Thank you all for your responses, you have been incredibly helpful.
by ER2023
Sun Apr 11, 2021 2:12 pm
Forum: Personal Investments
Topic: Using different withdrawal amounts throughout retirement
Replies: 4
Views: 669

Using different withdrawal amounts throughout retirement

What is the best way to calculate different monthly or annual withdrawal rates throughout retirement? To keep the math simple, if you had $1m and needed $9k a month for 3 the first three years, then $7k a month for the next 4 years, and so on until death or your money runs out. I can't do the simple...
by ER2023
Thu Mar 18, 2021 11:11 am
Forum: Personal Consumer Issues
Topic: What is the BEST thing you spent money on?
Replies: 242
Views: 24015

Re: What is the BEST thing you spent money on?

Every dog I've ever owned

Vacations/experiences (although I wish I would have spent more here throughout my life)

Lasik over 20 years ago

Bachelors degree (worth every penny I spent at a time when I had none; my employer paid for my MBA)

Great food; really good chocolate
by ER2023
Sat Jan 09, 2021 7:35 pm
Forum: Personal Consumer Issues
Topic: What have you baked recently?
Replies: 336
Views: 39728

Re: What have you baked recently?

Made the most delicious Ricotta Pound Cake tonight. I've been making this cake for over 20 years, since I first had it at an Italian restaurant in Philly and begged for the recipe. Get rave reviews every time. I still have my written notes, but found the same recipe here: https://creative-culinary.c...
by ER2023
Mon Dec 28, 2020 5:34 pm
Forum: Personal Finance (Not Investing)
Topic: 2020: Lessons learned
Replies: 237
Views: 16174

Re: 2020: Lessons learned

The most surprising lesson learned for me this year was realizing that I may not quite be ready to retire “early” in 2023 (in my 50s). Working from home this year, it really hit me that I don’t have a good enough plan to retire “to” something yet. I also realize how much I enjoy my current lower str...
by ER2023
Wed Dec 23, 2020 4:30 pm
Forum: Forum Issues and Administration
Topic: Time to give to this website
Replies: 91
Views: 8899

Re: Time to give to this website

Thanks for posting this. Just donated. Well worth it. Thanks to everyone for making this website what it is and what it is not (no ads!). Life changing site for me.
by ER2023
Sun Dec 13, 2020 10:33 am
Forum: Personal Finance (Not Investing)
Topic: What assets do you include when defining AA and why?
Replies: 30
Views: 1386

Re: What assets do you include when defining AA and why?

OP, It is very simple. Do not include anything in your AA that you do not want to rebalance. I only include the stock and the bond in my AA. I do not include my emergency fund because I do not consider my emergency fund in rebalancing. I do not include my home equity in my AA because I am not going...
by ER2023
Sun Dec 13, 2020 10:31 am
Forum: Personal Finance (Not Investing)
Topic: What assets do you include when defining AA and why?
Replies: 30
Views: 1386

Re: What assets do you include when defining AA and why?

I know AA is covered a lot in this forum, but not always the "why". Do you include every single asset or exclude certain assets like EF, home equity, SS, etc. and why? In various posts, I see it defined differently and I’m interested in what the benefits/different perspectives are. For ex...
by ER2023
Sun Dec 13, 2020 10:23 am
Forum: Personal Finance (Not Investing)
Topic: What assets do you include when defining AA and why?
Replies: 30
Views: 1386

Re: What assets do you include when defining AA and why?

Thank you all for your responses. There is a lot of great information here and I’m still reading through them all. I think it's critical to consider all the parts of your overall economic picture when financial planning. For example, I include my likely future Social Security benefits in the analysi...
by ER2023
Fri Dec 11, 2020 7:14 am
Forum: Personal Finance (Not Investing)
Topic: What assets do you include when defining AA and why?
Replies: 30
Views: 1386

What assets do you include when defining AA and why?

I know AA is covered a lot in this forum, but not always the "why". Do you include every single asset or exclude certain assets like EF, home equity, SS, etc. and why? In various posts, I see it defined differently and I’m interested in what the benefits/different perspectives are. For exa...
by ER2023
Thu Nov 26, 2020 11:19 am
Forum: US Chapters
Topic: Staying Grateful
Replies: 37
Views: 3277

Re: Staying Grateful

None of us in guaranteed tomorrow, or even that our good health today will continue into tomorrow. I try to practice being grateful and thankful every single day, in various ways. I am also grateful and thankful for the challenges/bad things that have happened to me. They were far from pleasant in ...
by ER2023
Thu Nov 26, 2020 7:05 am
Forum: US Chapters
Topic: Staying Grateful
Replies: 37
Views: 3277

Re: Staying Grateful

I am most thankful for the little things. My health especially - it is not great, but I am thankful for the health I have right now and working on it every day. Also thankful for those select relationships I prioritize with family and friends I care most about. Finally learning to live a life with &...
by ER2023
Tue Nov 24, 2020 6:15 pm
Forum: Personal Consumer Issues
Topic: Where and What healthy baked desserts to buy ?
Replies: 26
Views: 1857

Re: Where and What healthy baked desserts to buy ?

About five years ago, I spent time with a nutritionist from NYC who was hosting events at a spa in the Poconos. She motivated me to really rethink my sugar addiction. There are simple recipes she created that are healthy and cure my sugar cravings like chia pudding and chocolate avocado pudding. Che...
by ER2023
Mon Nov 23, 2020 6:54 am
Forum: Personal Consumer Issues
Topic: What charity are you donating to this Christmas season?
Replies: 145
Views: 6299

Re: What charity are you donating to this Christmas season?

One Simple Wish (for children in foster care and adults who transitioned out)
Two local homeless shelters
Food bank
Animal shelters
Several wildlife/nature conservation charities
by ER2023
Sun Oct 11, 2020 2:25 pm
Forum: Personal Investments
Topic: Moving to the Two Fund Portfolio
Replies: 10
Views: 936

Re: Moving to the Two Fund Portfolio

I have been reading other posts regarding the two-fund portfolio and think I would like to do something similar. I currently have the following: Vanguard Institutional Index Fund (VIIIX): $347,023 (33%) (ER 0.02) Vanguard Developed Markets Index Fund (VDIPX): $165,458 (15%) (ER 0.04) Stable Fund: $...
by ER2023
Sun Oct 11, 2020 2:09 pm
Forum: Personal Investments
Topic: Moving to the Two Fund Portfolio
Replies: 10
Views: 936

Re: Moving to the Two Fund Portfolio

I have been reading other posts regarding the two-fund portfolio and think I would like to do something similar. I currently have the following: Vanguard Institutional Index Fund (VIIIX): $347,023 (33%) (ER 0.02) Vanguard Developed Markets Index Fund (VDIPX): $165,458 (15%) (ER 0.04) Stable Fund: $...
by ER2023
Sun Oct 11, 2020 2:07 pm
Forum: Personal Investments
Topic: Moving to the Two Fund Portfolio
Replies: 10
Views: 936

Re: Moving to the Two Fund Portfolio

I have been reading other posts regarding the two-fund portfolio and think I would like to do something similar. I currently have the following: Vanguard Institutional Index Fund (VIIIX): $347,023 (33%) (ER 0.02) Vanguard Developed Markets Index Fund (VDIPX): $165,458 (15%) (ER 0.04) Stable Fund: $...
by ER2023
Sun Oct 11, 2020 11:51 am
Forum: Personal Investments
Topic: Moving to the Two Fund Portfolio
Replies: 10
Views: 936

Re: Moving to the Two Fund Portfolio

Yes move it all in one shot if it is in a 401k/IRA and not in a taxable account. One question: Are these funds are all you have? If so, why too conservative like 50/50? Are you close to your retirement/FI number? Thanks 1789. Yes, this amount is spread across two 401(k) accounts - and then we have ...
by ER2023
Sun Oct 11, 2020 10:35 am
Forum: Personal Investments
Topic: Moving to the Two Fund Portfolio
Replies: 10
Views: 936

Moving to the Two Fund Portfolio

I have been reading other posts regarding the two-fund portfolio and think I would like to do something similar. I currently have the following: Vanguard Institutional Index Fund (VIIIX): $347,023 (33%) (ER 0.02) Vanguard Developed Markets Index Fund (VDIPX): $165,458 (15%) (ER 0.04) Stable Fund: $5...
by ER2023
Thu Oct 08, 2020 8:26 am
Forum: Personal Investments
Topic: 401(k) Selection for Single, Female, 55
Replies: 14
Views: 1190

Re: 401(k) Selection for Single, Female, 55

Her employer's 401k plan offers some excellent fund choices, she is fortunate. In my opinion your sister has selected some of the best funds in her employer's 401k plan. My suggestions would be: 1) Vanguard Institutional 500 Index Trust (VFFSX) (0.0108 ER); 2) State Street Global All Cap Equity ex-...
by ER2023
Wed Oct 07, 2020 2:49 pm
Forum: Personal Investments
Topic: 401(k) Selection for Single, Female, 55
Replies: 14
Views: 1190

Re: 401(k) Selection for Single, Female, 55

Her employer's 401k plan offers some excellent fund choices, she is fortunate. In my opinion your sister has selected some of the best funds in her employer's 401k plan. My suggestions would be: 1) Vanguard Institutional 500 Index Trust (VFFSX) (0.0108 ER); 2) State Street Global All Cap Equity ex-...
by ER2023
Wed Oct 07, 2020 2:39 pm
Forum: Personal Investments
Topic: 401(k) Selection for Single, Female, 55
Replies: 14
Views: 1190

Re: 401(k) Selection for Single, Female, 55

I chose TIPS because she is looking for that rock-solid guarantee of preserving that 40%. Perhaps I could do 20% TIPS and 20% State Street U.S. Bond Index? Yes, that's an excellent step to take. This goes to the heart of the principle, when in doubt, split 50:50. With 20% in TIPS and 20% in bond in...
by ER2023
Wed Oct 07, 2020 2:39 pm
Forum: Personal Investments
Topic: 401(k) Selection for Single, Female, 55
Replies: 14
Views: 1190

Re: 401(k) Selection for Single, Female, 55

My SIL also has the UHG 401k. It is a great lan. Besides a 3% match she also receives a safe harbor contribution which IIRC is more than the match. SIL also uses the vanguard extended market which combined with theSP500 index makes a pretty good total market. The ER sof funds are excellent. I would...
by ER2023
Wed Oct 07, 2020 12:33 pm
Forum: Personal Investments
Topic: 401(k) Selection for Single, Female, 55
Replies: 14
Views: 1190

Re: 401(k) Selection for Single, Female, 55

After the refi, how many years will be left on the condo? Does she plan to stay there long term? Is the hoa reasonable? What is she realistically hoping to have saved by retirement? I am still working through refinance options, so not sure yet how many years will be left. She can't afford more than...
by ER2023
Wed Oct 07, 2020 11:52 am
Forum: Personal Investments
Topic: 401(k) Selection for Single, Female, 55
Replies: 14
Views: 1190

Re: 401(k) Selection for Single, Female, 55

Your sister is a secret Boglehead! The red highlighted *funds* are the ones we would have suggested for her too. Perhaps with one minor change -- instead of TIPS, which usually have lower yields, we would recommend that she invest in the "State Street U.S. Bond Index Non-Lending Series Fund Cl...
by ER2023
Wed Oct 07, 2020 10:05 am
Forum: Personal Investments
Topic: 401(k) Selection for Single, Female, 55
Replies: 14
Views: 1190

401(k) Selection for Single, Female, 55

I am reviewing my sister’s 401(k) and would greatly appreciate your input on the selection. She has been with her current employer for 35 years and gets a 3% match. She will work until at least 65, preferably 67. Age: 55 Debt: Remaining condo mortgage is $125k; home worth about $150k (may be less, a...
by ER2023
Sun Sep 20, 2020 5:06 am
Forum: Personal Investments
Topic: "Refinance" mortgage for a family member @ 2%?
Replies: 46
Views: 3051

Re: "Refinance" mortgage for a family member @ 2%?

Thanks to everyone for your replies. After carefully considering all of the advice received, I have decided not to pursue paying off her mortgage at this time. I met with my sister yesterday (she has no idea I was considering this), and will continue identifying other ways to help her. Once again, I...
by ER2023
Fri Sep 18, 2020 9:01 am
Forum: Personal Investments
Topic: "Refinance" mortgage for a family member @ 2%?
Replies: 46
Views: 3051

Re: "Refinance" mortgage for a family member @ 2%?

[/quote] What are you going to do if she stops paying? If she stops paying, it would be because something is significantly wrong (loses job, health issues). The house would be hers, free and clear, and I would be fine with that. I have a sister who is single with a very stable, but low paying job. S...
by ER2023
Fri Sep 18, 2020 8:42 am
Forum: Personal Investments
Topic: "Refinance" mortgage for a family member @ 2%?
Replies: 46
Views: 3051

Re: "Refinance" mortgage for a family member @ 2%?

First off, I greatly admire your desire to help your sister. With that said, as others have stated, getting money (especially very large sums) involved with family does not pan out well, for the most part. She could refinance for a comparable rate (2.25-2.75%) to what you are offering. Another cons...
by ER2023
Fri Sep 18, 2020 8:36 am
Forum: Personal Investments
Topic: "Refinance" mortgage for a family member @ 2%?
Replies: 46
Views: 3051

Re: "Refinance" mortgage for a family member @ 2%?

I have done this. Suggest you start here with Jonathan Clement's story; https://humbledollar.com/money-guide/my-story-a-private-mortgage-for-hannah/ And then here if you want to pursue; https://www.nationalfamilymortgage.com/ Our relative has since refinanced out of this mortgage and paid us off. I...
by ER2023
Wed Sep 16, 2020 8:07 pm
Forum: Personal Investments
Topic: "Refinance" mortgage for a family member @ 2%?
Replies: 46
Views: 3051

Re: "Refinance" mortgage for a family member @ 2%?

I wasn't looking to formally structure the loan, just informally between us. I did miss the mortgage deduction for her though. That mortgage deduction is a myth for most people - the single standard deduction for 2020 is $12,400, so unless there are massive medical, charitable, or property tax dedu...
by ER2023
Wed Sep 16, 2020 8:03 pm
Forum: Personal Investments
Topic: "Refinance" mortgage for a family member @ 2%?
Replies: 46
Views: 3051

Re: "Refinance" mortgage for a family member @ 2%?

I have a sister who is single with a very stable, but low paying job. She is 55 and has $125k left on her mortgage (condo) at 4.25%. She is incredibly responsible, never missing a payment. I advise her financially (not that I'm an expert) and recently talked to her about refinancing her mortgage. I...
by ER2023
Wed Sep 16, 2020 7:58 pm
Forum: Personal Investments
Topic: "Refinance" mortgage for a family member @ 2%?
Replies: 46
Views: 3051

Re: "Refinance" mortgage for a family member @ 2%?

If I could swing it I would help my sister. Listen to her closely - she may not want to do so. There are other eays to help. Gifting money - where she has the ability to choose what to do with it, is one option. You heart is in the right place. You are right, she may not want my help. I genuinely w...
by ER2023
Wed Sep 16, 2020 7:52 pm
Forum: Personal Investments
Topic: "Refinance" mortgage for a family member @ 2%?
Replies: 46
Views: 3051

Re: "Refinance" mortgage for a family member @ 2%?

why doesn't she just refinance? That way she owes the bank and not you. +1 And then you might still be available to help her financially if she ever needs it. Keep in mind that she is 55 so the loan likely would not be paid until she is well into retirement and maybe even 85 years old. One problem ...
by ER2023
Wed Sep 16, 2020 3:51 pm
Forum: Personal Investments
Topic: "Refinance" mortgage for a family member @ 2%?
Replies: 46
Views: 3051

Re: "Refinance" mortgage for a family member @ 2%?

I suspect the 2% is taxable interest income to you. She won't get a deduction but you will pay taxes. I'd probably talk to a lawyer or attorney to see if there is a better way to structure it. Of course the income is taxable to the OP. But if it were secured by the condo as a mortgage, would it not...
by ER2023
Wed Sep 16, 2020 3:49 pm
Forum: Personal Investments
Topic: "Refinance" mortgage for a family member @ 2%?
Replies: 46
Views: 3051

Re: "Refinance" mortgage for a family member @ 2%?

JBTX wrote: Wed Sep 16, 2020 1:34 pm I suspect the 2% is taxable interest income to you. She won't get a deduction but you will pay taxes. I'd probably talk to a lawyer or attorney to see if there is a better way to structure it.
I wasn't thinking about structuring a loan, just handling it informally between us.
by ER2023
Wed Sep 16, 2020 12:58 pm
Forum: Personal Investments
Topic: "Refinance" mortgage for a family member @ 2%?
Replies: 46
Views: 3051

"Refinance" mortgage for a family member @ 2%?

I have a sister who is single with a very stable, but low paying job. She is 55 and has $125k left on her mortgage (condo) at 4.25%. She is incredibly responsible, never missing a payment. I advise her financially (not that I'm an expert) and recently talked to her about refinancing her mortgage. I ...
by ER2023
Wed Sep 02, 2020 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: How to get over finance envy
Replies: 377
Views: 52094

Re: How to get over finance envy

There is a lot of great advice in this thread. There are times when I need to remember what is really important, so I don't compare myself to others who appear to be more fortunate. The recent thread "Stage 4 Cancer and Young Family" certainly helps put things in perspective.
by ER2023
Sun Jul 05, 2020 12:32 pm
Forum: Personal Consumer Issues
Topic: Neighborhood Noise
Replies: 189
Views: 13786

Re: Neighborhood Noise

We purchased a property in a somewhat rural area, surrounded by hundreds of acres. We did so when we both worked stressful jobs, with long hours, and this house was (and still is) a sanctuary. The reality is that even though it is blissfully quiet most of the time, it is not that way all of the time...
by ER2023
Wed Jul 01, 2020 6:58 pm
Forum: Personal Consumer Issues
Topic: I sold my boat today
Replies: 41
Views: 8115

Re: I sold my boat today

HomerJ, I was so surprised to read you sold your lake condo and jet ski! I always enjoy reading your posts (those posts really helped me stay the course this year), and recall how you purchased the condo when a close friend died of cancer at such a young age. It resonated with me a lot since none of...
by ER2023
Mon Mar 09, 2020 12:23 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 22953
Views: 3011222

Re: U.S. stocks in free fall

What is happening to the early retirement crowd ? Anyone keeping tabs ? In my 50s, but still consider my plan to retire by 2023 "early". TBH, I am nervous. Very early this morning as I was reading the posts, I told myself I'm selling today. Then I decided to keep reading the posts. Especi...
by ER2023
Tue Feb 25, 2020 6:50 am
Forum: Personal Finance (Not Investing)
Topic: Advice for very young person promoted
Replies: 17
Views: 2862

Re: Advice for very young person promoted

There's some really great advice here - so I'll just add one thing. I was in the same position as you many years ago - was promoted to management in my twenties at Mega-Corp. My boss gave me Stephen Covey's 7 Habits to Highly Effective People. I know it was written probably 30 years ago now, but it ...
by ER2023
Mon Dec 30, 2019 7:23 pm
Forum: Personal Consumer Issues
Topic: Am I spending to much on furnishing my new home?
Replies: 53
Views: 4011

Re: Am I spending to much on furnishing my new home?

Congrats on both purchasing a new home all on your own and getting out of toxic living situation - at 23 years young. You seem to be doing very well financially and have more maturity than many of my nieces and nephews your age. While I agree with others that you could decrease your spending by purc...
by ER2023
Fri Dec 13, 2019 3:56 pm
Forum: Personal Consumer Issues
Topic: What are you giving (or asking) for Christmas?
Replies: 77
Views: 5711

Re: What are you giving (or asking) for Christmas?

We also stopped giving gifts in the family about 10 years ago and it's been such a relief. We definitely don't mind spending on experiences though. We saw TSO and some local shows - had a good time.

Now the work thing is a different story ... will not miss that when I retire.
by ER2023
Sun Nov 17, 2019 5:51 am
Forum: Investing - Theory, News & General
Topic: Preparing for a down market
Replies: 78
Views: 7202

Re: Preparing for a down market

Burning through cash in order to avoid selling stock or bonds is market timing, plain and simple. Being a timer myself, I don't have an inherent problem with it, but I'm not sure that such a strategy is a very good one. Most such strategies I've seen did not backtest well at all; a fixed allocation...
by ER2023
Fri Nov 15, 2019 7:48 pm
Forum: Investing - Theory, News & General
Topic: Preparing for a down market
Replies: 78
Views: 7202

Preparing for a down market

I’m reading how a bear market reduces your portfolio by at least 20%, on average by 33%, and the worst (in recent history during 2007-2009) by 57%. If it takes 25 months to recover from a typical bear market, and 49 months to recover from the 2007-2009 bear, my questions are: Do you keep enough cash...
by ER2023
Fri Nov 15, 2019 7:17 pm
Forum: Personal Consumer Issues
Topic: Best thing you have ever bought?
Replies: 151
Views: 14617

Re: Best thing you have ever bought?

We invest in a 2-week vacation home every summer and invite the extended family, pets and all. Yes, it's chaotic and everyone gets on everyone else's nerves at some point. But we have fun playing all kinds of games, doing some outdoor adventures, busting on each other, and making good meals together...
by ER2023
Wed Sep 11, 2019 10:36 am
Forum: Personal Consumer Issues
Topic: What are you doing about lantern flies?
Replies: 13
Views: 1524

Re: What are you doing about lantern flies?

Abiding by the New York State quarantine rules for Spotted Lanternfly . DEC and DAM Announce Confirmed Finding of Spotted Lanternfly in Albany and Yates Counties USDA APHIS site page on Spotted Lanternfly Thanks for sharing this info. It was interesting to read about the NY State quarantine. This i...
by ER2023
Tue Sep 10, 2019 3:27 pm
Forum: Personal Consumer Issues
Topic: What are you doing about lantern flies?
Replies: 13
Views: 1524

Re: What are you doing about lantern flies?

These things are everywhere in the Malvern area. Entire trees are riddled with them sucking them dry. Their corpses all over the path I like to walk. The forest smells like it's ROTTING. And before this year I've never seen a single one. It feels like the end of the world. I agree with you Tamalak....