Search found 634 matches

by beernutz
Tue Apr 20, 2021 5:13 pm
Forum: Personal Finance (Not Investing)
Topic: Finance book recommendation for DW
Replies: 17
Views: 1000

Re: Finance book recommendation for DW

I recommend Making the Most of Your Money by Jane Bryant Quinn
by beernutz
Tue Apr 20, 2021 4:46 pm
Forum: Personal Finance (Not Investing)
Topic: Young Twenties Seeking Financial Independence
Replies: 23
Views: 1770

Re: Young Twenties Seeking Financial Independence

Good Financial Independence (FI) podcasts imo:

ChooseFI - I also recommend the ChooseFI book
BiggerPockets Money Podcast
On FIRE Podcast - Financial Independence
by beernutz
Mon Apr 19, 2021 11:22 am
Forum: Personal Finance (Not Investing)
Topic: Bad Work Situation - Can I Retire Leave/Retire
Replies: 27
Views: 4899

Re: Bad Work Situation - Can I Retire Leave/Retire

Hello, My wife and I are 59.5 and 60.5 respectively, have worked hard to build careers only to find ourselves repeatedly replaced with younger folks. I guess they deserve their time at bat just like we had ours. We're wondering if our asset base is large enough to take the leap out of our present j...
by beernutz
Wed Apr 14, 2021 12:09 pm
Forum: Personal Consumer Issues
Topic: 2021 Wrangler Rubicon unlimited
Replies: 29
Views: 2168

Re: 2021 Wrangler Rubicon unlimited

In 2015 I bought my daughter a 2011 40th anniversary edition Wrangler Unlimited with ~55k miles. It came with the hard top but she bought and used a soft top for several years before switching back to the hard top. In addition to normal college kid driving, she's taken it to festivals all over the U...
by beernutz
Tue Apr 13, 2021 10:03 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone contemplating OLY (One Less Year)?
Replies: 52
Views: 4781

Re: Anyone contemplating OLY (One Less Year)?

Life is funny. Man plans, god laughs, etc. A few years ago I planned on retiring 6/2023, then 2020 happened and after the recovery I decided to move that date up to 6/2021 and went as far as filling out part 1 of my pension retirement form earlier this year. But an opportunity at work presented itse...
by beernutz
Tue Apr 13, 2021 7:18 pm
Forum: Personal Finance (Not Investing)
Topic: How would you handle this? -- big utility company problem!
Replies: 68
Views: 4824

Re: How would you handle this? -- big utility company problem!

Did your neighbor's utility bills go down after you spent the $2,450 to re-insulate?
by beernutz
Tue Apr 13, 2021 4:20 pm
Forum: Personal Investments
Topic: Multiple years of expenses in cash when starting retirement
Replies: 104
Views: 8130

Re: Multiple years of expenses in cash when starting retirement

Thanks for everyone’s comments about how they are using the cash and the reasons for stockpiling. However, I’m really looking at how people actually accumulated that cash? Was it slowly over time, selling bonds/equities right before retirement, foregoing other investments the final X years to fund ...
by beernutz
Tue Apr 13, 2021 3:40 pm
Forum: Personal Finance (Not Investing)
Topic: walking the last mile - selling our family home
Replies: 12
Views: 1864

Re: walking the last mile - selling our family home

My wife and I are both onboard with the idea of selling our home we've owned since 2000 where our now adult kids primarily grew up and building on some riverfront property we own. Unlike your situation our two properties are only about 20 minutes apart by car so no location upheaval will be involved...
by beernutz
Mon Apr 12, 2021 9:44 pm
Forum: Personal Investments
Topic: Do brokers close accounts of angry customers?
Replies: 32
Views: 2724

Re: Do brokers close accounts of angry customers?

What did you say? Sorry, I realize this may come off as a trolling question. I do not mean it that way. This is a genuine question on whether I should be concerned about this in general. Got into a heated fight over the phone with a representative earlier today, and was wondering if people here hav...
by beernutz
Fri Apr 09, 2021 5:36 pm
Forum: Personal Finance (Not Investing)
Topic: Remodel during housing hysteria?
Replies: 54
Views: 3582

Re: Remodel during housing hysteria?

Did you consider a full tear down and rebuild? How secure are your jobs? Where are you going to live while the remodel is happening? Will you be increasing the heated/cooled square footage that the current market value is based on? Starting to consider a tear down, but new builds are coming in at $...
by beernutz
Fri Apr 09, 2021 3:39 pm
Forum: Personal Finance (Not Investing)
Topic: Remodel during housing hysteria?
Replies: 54
Views: 3582

Re: Remodel during housing hysteria?

Did you consider a full tear down and rebuild? How secure are your jobs? Where are you going to live while the remodel is happening? Will you be increasing the heated/cooled square footage that the current market value is based on?
by beernutz
Fri Apr 09, 2021 2:00 pm
Forum: Personal Consumer Issues
Topic: Smoker recommendations? Meat, not Marlboro.
Replies: 31
Views: 2773

Re: Smoker recommendations? Meat, not Marlboro.

RecTeq RT-700 pellet grill/smoker. We had a Big Green Egg for over a decade and switched to the RecTeq 2 years ago. Love it! +1 I have owned an RT-380 for 3 plus years which has been great and just bought a RecTec Bullseye to replace an 11 year old Big Steel Keg (BGE knockoff) that finally died. Fo...
by beernutz
Fri Apr 09, 2021 11:27 am
Forum: Personal Investments
Topic: I cant find anything better than S&P
Replies: 74
Views: 7975

Re: I cant find anything better than S&P

Vtsax then chill? Isnt it literally same as vfiax historically? Not according to portfoliovisualizer. Certainly with in error 11.53 vs 11.35 CAGR https://www.portfoliovisualizer.com/backtest-asset-class-allocation?s=y&mode=1&timePeriod=4&startYear=1972&firstMonth=1&endYear=2021&...
by beernutz
Fri Apr 09, 2021 11:00 am
Forum: Personal Investments
Topic: I cant find anything better than S&P
Replies: 74
Views: 7975

Re: I cant find anything better than S&P

My vote: Total US Stock Market Index and chill. Vtsax then chill? Isnt it literally same as vfiax historically? Not according to portfoliovisualizer. Certainly with in error 11.53 vs 11.35 CAGR https://www.portfoliovisualizer.com/backtest-asset-class-allocation?s=y&mode=1&timePeriod=4&s...
by beernutz
Fri Apr 09, 2021 9:59 am
Forum: Personal Investments
Topic: I cant find anything better than S&P
Replies: 74
Views: 7975

Re: I cant find anything better than S&P

newyorker wrote: Thu Apr 08, 2021 11:00 pm
anon_investor wrote: Thu Apr 08, 2021 10:59 pm My vote: Total US Stock Market Index and chill.
Vtsax then chill? Isnt it literally same as vfiax historically?
Not according to portfoliovisualizer.
by beernutz
Wed Apr 07, 2021 2:21 pm
Forum: Personal Investments
Topic: How much cash do you really hold?
Replies: 91
Views: 6350

Re: How much cash do you really hold?

I usually just keep a couple months of expenses in cash but in preparation for retirement next year I'm slightly adjusting our asset allocation by keeping the proceeds of an upcoming inheritance in cash, by selling my wife's accumulated ESPP stock, and by selling one actively managed mutual fund I'd...
by beernutz
Wed Apr 07, 2021 11:03 am
Forum: Personal Consumer Issues
Topic: Shoe Choice for a Walker
Replies: 33
Views: 2695

Re: Shoe Choice for a Walker

My wife and I walk about five miles every day (sometimes up to ten miles). The miles take a toll on my walking shoes, and I'm ready to replace my second pair of Solomon X-Ultra 3 hiking shoes (most recent pair purchased on 11/8/2020). The heel end of the sole has worn through. Price is not an issue...
by beernutz
Mon Apr 05, 2021 10:18 pm
Forum: Personal Investments
Topic: 2021 Check Up. 31 Years Old. NW $5M.
Replies: 48
Views: 5853

Re: 2021 Check Up. 31 Years Old. NW $5M.

I am 21 years old with only a 10 million net worth. How will I cope?
by beernutz
Mon Apr 05, 2021 1:52 am
Forum: Personal Investments
Topic: AA for someone 2 years from retirement
Replies: 47
Views: 4789

Re: AA for someone 2 years from retirement

I'm 421 days from retirement and we're 73/27 with 75% in tax deferred, 2% Roth (will grow to 3% by retirement date), and 23% in taxable. I have 2 years expenses, about 2% of net worth, over and above my pension in cash in taxable. The 27% FI is a combination of TIAA traditional, muni bond mutual fun...
by beernutz
Sat Apr 03, 2021 11:26 am
Forum: Personal Consumer Issues
Topic: Duolingo
Replies: 41
Views: 3490

Re: Duolingo

I have had a duolingo account since 2015 and am currently on a 660 day-in-a-row Spanish streak. However I've completed only 3.5 of the 8 checkpoints for Spanish, in part because you have to jump through many advertising and other hoops for each lesson. Looks like we are at a similar point. 600+ day...
by beernutz
Thu Apr 01, 2021 8:03 pm
Forum: Personal Consumer Issues
Topic: Duolingo
Replies: 41
Views: 3490

Re: Duolingo

I have had a duolingo account since 2015 and am currently on a 660 day-in-a-row Spanish streak. However I've completed only 3.5 of the 8 checkpoints for Spanish, in part because you have to jump through many advertising and other hoops for each lesson. For example currently each lesson is about 20 s...
by beernutz
Thu Apr 01, 2021 1:56 pm
Forum: Investing - Theory, News & General
Topic: What am I missing? Don't max out your 401k.
Replies: 80
Views: 10607

Re: What am I missing? Don't max out your 401k.

Of Dollars and Data article: Why You Shouldn’t Max Out Your 401(k) Phooey! What if You Always Maxed Out Your 401k? https://retireby40.org/what-if-always-maxed-401k/ Pick the year you started (or should have started for some) and see where you would be with the S&P 500 Index Fund (VOO): https://...
by beernutz
Thu Apr 01, 2021 12:06 pm
Forum: Personal Consumer Issues
Topic: High spenders what do you spend on?
Replies: 255
Views: 25298

Re: High spenders what do you spend on?

No one is into art/fine collectables? RM That'd require me to understand art or fine collectables. Well.. I don't. My wife just inherited our only piece of something approaching fine art. It is a statue by a Russian/French sculptor nicknamed Erte which my late mother-in-law paid almost $8k for in 1...
by beernutz
Wed Mar 31, 2021 6:45 pm
Forum: Investing - Theory, News & General
Topic: The Consequences of Ignoring Social Security - The White Coat Investor
Replies: 12
Views: 2426

Re: The Consequences of Ignoring Social Security - The White Coat Investor

It is weird that an article dated March 2021 has comments going back to 2015.
by beernutz
Wed Mar 31, 2021 11:49 am
Forum: Personal Consumer Issues
Topic: High spenders what do you spend on?
Replies: 255
Views: 25298

Re: High spenders what do you spend on?

Get sick. Medical: $26,000 per year, unreimbursed, mostly for Rx's. Buy a second/third residence....however, if you do it right your NW will increase more than cash decreases. Get expensive toys and use them. Planes are number one Boats Race cars RV's Golf vacations Art collections Car collections ...
by beernutz
Tue Mar 30, 2021 11:03 am
Forum: Personal Consumer Issues
Topic: High spenders what do you spend on?
Replies: 255
Views: 25298

Re: High spenders what do you spend on?

I am not a high spender but imo if you want to run through dollars like candy then buy a boat. And here I deleted my boat post because our total annual spend has never been over $120k and averages in the mid $60k range, putting us well below OP's targets. There are boats and there are boats. I wish...
by beernutz
Mon Mar 29, 2021 6:12 pm
Forum: Personal Consumer Issues
Topic: High spenders what do you spend on?
Replies: 255
Views: 25298

Re: High spenders what do you spend on?

sailaway wrote: Mon Mar 29, 2021 6:11 pm
beernutz wrote: Mon Mar 29, 2021 6:09 pm I am not a high spender but imo if you want to run through dollars like candy then buy a boat.
And here I deleted my boat post because our total annual spend has never been over $120k and averages in the mid $60k range, putting us well below OP's targets.
There are boats and there are boats.
by beernutz
Mon Mar 29, 2021 6:09 pm
Forum: Personal Consumer Issues
Topic: High spenders what do you spend on?
Replies: 255
Views: 25298

Re: High spenders what do you spend on?

I am not a high spender but imo if you want to run through dollars like candy then buy a boat.

We did spend over $20k on a 10 day med. cruise for 4 in 2020. Someday I hope we get to take it.
by beernutz
Mon Mar 29, 2021 12:38 pm
Forum: Personal Consumer Issues
Topic: Alabama Vacation: Orange Beach vs Gulf Shores?
Replies: 14
Views: 2043

Re: Alabama Vacation: Orange Beach vs Gulf Shores?

bluegill wrote: Mon Mar 29, 2021 8:24 am
tiger81 wrote: Fri Mar 26, 2021 6:06 pm go 25 miles east to pensacola beach. the water color and clarity is superior
25 miles WEST is more clear.
25 miles west of Gulf Shores puts you on Dauphin Island. The delta watershed runoff there doesn't make for very clear water imo.
by beernutz
Fri Mar 26, 2021 7:28 pm
Forum: Personal Consumer Issues
Topic: Alabama Vacation: Orange Beach vs Gulf Shores?
Replies: 14
Views: 2043

Re: Alabama Vacation: Orange Beach vs Gulf Shores?

tiger81 wrote: Fri Mar 26, 2021 6:06 pm go 25 miles east to pensacola beach. the water color and clarity is superior
No it isn't.
by beernutz
Thu Mar 25, 2021 6:50 pm
Forum: Personal Finance (Not Investing)
Topic: Should I stay or should I go?
Replies: 48
Views: 5059

Re: Should I stay or should I go?

You are in the top 4% of net worths for your age group per dqydj. If you can't retire who can?
by beernutz
Wed Mar 24, 2021 9:08 am
Forum: Personal Investments
Topic: What do most people do with a 401K upon retirement if they dont need it?
Replies: 169
Views: 15290

Re: What do most people do with a 401K upon retirement if they dont need it?

Furthermore, I spoke with a person who is financially successful and prudent in my family. He is older than me by a good bit. I asked if he considered Roth conversions. He said, “Never heard of them.” Bear in mind he is financially successful and prudent. He uses an advisor, reluctantly by his own ...
by beernutz
Tue Mar 23, 2021 8:20 pm
Forum: Personal Consumer Issues
Topic: Baylor, Auburn or ‘Bama?
Replies: 73
Views: 5256

Re: Baylor, Auburn or ‘Bama?

Alabama (and UAB) and Auburn are all classified as Carnegie R1: Doctoral Universities – Very high research activity. Baylor is not.
by beernutz
Tue Mar 23, 2021 7:22 pm
Forum: Personal Consumer Issues
Topic: Baylor, Auburn or ‘Bama?
Replies: 73
Views: 5256

Re: Baylor, Auburn or ‘Bama?

Flannelbeard wrote: Tue Mar 23, 2021 12:29 pm National reputation? Literally never heard of 'em.
You've never heard of Tim Cook or Jimmy Wales?
by beernutz
Tue Mar 23, 2021 3:54 pm
Forum: Personal Finance (Not Investing)
Topic: Calling Pralana Calculator Users
Replies: 29
Views: 2144

Re: Calling Pralana Calculator Users

xlsm format indicates the spreadsheet contains macros. I paid for Pralana Gold and it is also .xlsm format and opens fine in Excel 365. I just downloaded PRC2021.2.Bronze-******.xlsm and it also opened right up in Excel 365 though I had to give explicit permissions to edit the file and for it to run...
by beernutz
Tue Mar 23, 2021 9:56 am
Forum: Personal Consumer Issues
Topic: Baylor, Auburn or ‘Bama?
Replies: 73
Views: 5256

Re: Baylor, Auburn or ‘Bama?

Auburn '82 Accounting BS. I worked for a big 8 firm but decided accounting wasn't for me. I grew up in Tuscaloosa (Tuscaloosa High School grad) as my dad was a faculty member there for 22 years and all my siblings and in-laws are UA grads, many still living in T-town. I have lived in Alabama for the...
by beernutz
Mon Mar 22, 2021 8:59 pm
Forum: Personal Investments
Topic: What do most people do with a 401K upon retirement if they dont need it?
Replies: 169
Views: 15290

Re: What do most people do with a 401K upon retirement if they dont need it?

Let it ride. And be prepared for RMDs as previously mentioned. You will see mentions of Roth conversions. I view them as gimmicky and unnecessary. The stated gain from Roth conversions, if this information can be squeezed out of the posters, is tiny in the big picture. The juice isn't worth the squ...
by beernutz
Mon Mar 22, 2021 12:25 pm
Forum: Personal Investments
Topic: What do most people do with a 401K upon retirement if they dont need it?
Replies: 169
Views: 15290

Re: What do most people do with a 401K upon retirement if they dont need it?

Rolling over to an IRA likely involves snail mailing a check around, which means time out of market. If the market moves during this time with a seven figure portfolio, it could cost you thousands. I plan to leave it in the 401k. If your 401k is administered directly by one of the larger brokerages...
by beernutz
Sun Mar 21, 2021 1:29 pm
Forum: Personal Investments
Topic: Which international to move into.....
Replies: 25
Views: 2341

Re: Which international to move into.....

watchnerd wrote: Sun Mar 21, 2021 6:31 am
Triple digit golfer wrote: Sun Mar 21, 2021 3:37 am $17! Do you realize how much that'd be worth at a 10% return for 30 years?!
Enough to cover AARP-discounted senior matinee movie tickets!
A showing you drive to in your hybrid Camry.
by beernutz
Sat Mar 20, 2021 10:09 pm
Forum: Personal Finance (Not Investing)
Topic: Can you give financial advice to friends and receive money?
Replies: 54
Views: 4599

Re: Can you give financial advice to friends and receive money?

Some of my friends have been asking me for advice about investment choices and retirement planning. Most of the questions are simple, I have been happy to give them my candid advices which are appreciated. However, maybe my advices have helped them and words are spreading. More people are asking me...
by beernutz
Thu Mar 18, 2021 1:17 pm
Forum: Personal Consumer Issues
Topic: Costco Citi Visa annual reward; Executive Member annual reward redemptions
Replies: 49
Views: 8626

Re: Costco Citi Visa annual reward; Executive Member annual reward redemptions

Update: I made my first visit to a warehouse in over a year today. Wow, great to be back. No problem getting cash for my Costco Citi Visa annual reward, except, at least in my warehouse, you must go to the checkout cashier. They would not cash it at Customer Service as in past years. I tried to get...
by beernutz
Thu Mar 18, 2021 1:11 pm
Forum: Personal Consumer Issues
Topic: [On-going Scams - Post them here]
Replies: 452
Views: 33164

Re: So how exactly would this text message scam work?

I think it is more likely to be a stealthy realtor solicitation than a scam. My wife is cleaning out her late mom's house before the reverse mortgage company takes possession. Somehow realtors have gotten her cell number and texted her several solicitations about it, and in some they've implied they...
by beernutz
Wed Mar 17, 2021 11:01 pm
Forum: US Chapters
Topic: Chicago virtual Bogleheads meeting
Replies: 58
Views: 6165

Re: Chicago virtual Bogleheads meeting

Looking forward to this!
by beernutz
Wed Mar 17, 2021 6:09 pm
Forum: Investing - Theory, News & General
Topic: 4% rule disputed (Again??!!)
Replies: 421
Views: 29784

Re: 4% rule disputed (Again??!!)

Seems there's a cult-like subculture on Bogleheads insisting 4% SWR is too high. Seems to reflect the inherent conservatism of Bogleheads rather than any empirical studies. This x 1000. Similarly there's a conservative 60/40 AA cult that insists on injecting their dogma in almost every bogleheads t...
by beernutz
Thu Mar 11, 2021 9:08 pm
Forum: Personal Investments
Topic: Life insurance instead of pension survivorship
Replies: 16
Views: 1178

Re: Life insurance instead of pension survivorship

I will earn a pension in about 12 years when I am 56. The pension will be worth 60 percent of my final salary with colas each year. I anticipate the pension will be around 85,000 a year. If I choose a survivorship option to include my spouse the payout will be lower- I need to call human resources ...
by beernutz
Wed Mar 10, 2021 3:33 pm
Forum: Personal Finance (Not Investing)
Topic: Is it worth building your dream house?
Replies: 109
Views: 7050

Re: Is it worth building your dream house?

My current house is great with an excellent location but as we age we have less and less in common with the neighborhood demographic. Also, looking to the future there are things that I would like to change as we age. All this has got me thinking it is time to build our dream house so we can enjoy ...
by beernutz
Wed Mar 10, 2021 1:42 pm
Forum: Personal Finance (Not Investing)
Topic: Listing Realtor asking me to have mortgage lenders call her directly.
Replies: 85
Views: 6508

Re: Listing Realtor asking me to have mortgage lenders call her directly.

If the agent is making unreasonable demands you can complain to their managing broker and if they can't resolve it consider filing a BBB complaint or one with the NAR. If your state has a real estate licensing board you could also make a complaint to them. Some realtors in hot markets seem to think ...
by beernutz
Wed Mar 10, 2021 10:59 am
Forum: Personal Finance (Not Investing)
Topic: Is it worth building your dream house?
Replies: 109
Views: 7050

Re: Is it worth building your dream house?

My current house is great with an excellent location but as we age we have less and less in common with the neighborhood demographic. Also, looking to the future there are things that I would like to change as we age. All this has got me thinking it is time to build our dream house so we can enjoy ...
by beernutz
Tue Mar 09, 2021 5:32 pm
Forum: Personal Finance (Not Investing)
Topic: Might miss out on that stimulus cheddar...again
Replies: 17
Views: 3599

Might miss out on that stimulus cheddar...again

Our family income in 2019 was too high to qualify for 2020 stimulus money as my wife taking a buyout pushed us into high earner territory. I read this in an AARP article on the subject of how the process will go in 2021: "The new legislation says the Treasury Department can use information from...