marcus orealist

Comments:

• good idea.

  Post: Getting From A to B

  Link to comment from August 20, 2023

• Wife and I have owned 7 cars in our life, 4 were new 3 used. the 3 used cars 2 had problems: a 83 Corolla I needed 2 transmissions, and a 85 VW Jetta had rain water getting in. Our 89 Corolla had no issues. My 4 new cars were a: Chevy blazer 76, many issues ,rust being the big one. 83 Mazda RX7 no problems but stolen twice. 2008 Camry no issues, 2009 Toyota Avalon(best one yet) ,no issues still have it. 1999 Honda Odyssey. no big issues, but 6 minor recalls on the 1st year of this new model. So i don't mind buying new and keeping it until it dies. We still haave the Honda 1999 and 2009, Both have 100,000 miles and in retirement we only do 1000 miles a year so these 2 cars could last a lifetime. Both the cars we still have were $27,000 so the cost 1000 and 2000 a year (and dropping) purchase price divided by the years we have them.

  Post: Getting From A to B

  Link to comment from August 20, 2023

• I am with you the Northeast is great 9 months this year we trail walked all 12 months only a few days in feb ,jan, but Dec we walked 1/2 the days avg temp lows here are 34 F

  Post: My Retirement Home

  Link to comment from August 11, 2023

• I see the weathe is 73-77 at night pretty hot here with 70 -90% humidity, AZ humidity is 15% or less unheard of here.

  Post: My Retirement Home

  Link to comment from August 11, 2023

• interesting story. My friend moved from Utah to Seattle, she said the heat in Provo was unbearable 110f at times. She also went to be near her daughter. I changed nothing in retirement, same house. I considered FL, getting too crowded and expensive to to Boomers retiring and foreign investors hoarding realty to flip it at a profit. The Northeast is much cheaper then FL .No state tax in FL but they have 13k to 17k HOA Fees and all they do i mow the lawn. I pay 1000 for lawn care aa year. I will take the Northeast snow over hurricanes, heat, tornadoes wild fires, other areas have. Snow is easy when retired, if it snows I stay home. I only have to Blow my driveway within 24 hrs or it freezes.

  Post: My Retirement Home

  Link to comment from August 11, 2023

• I make 10% a year investing, an annuity is a big money maker for insurance companies. If I was in a balanced portfolio 1/2 in (10% return) stocks and 1/2 of it in CDs making 4% .I will earn 7% .One doesn't need 50% in cash, You should never withdraw more than 5% ,so 3-5 yrs in cash is fine for recessions ,this means 15-25% of your portfolio in cash .If you have 90% in stocks 10% in CDs you will make 9.5% .

  Post: Picking My Pension

  Link to comment from August 10, 2023

• You are lucky to get 2% I get 1/10 of 1% maximum, a year

  Post: Picking My Pension

  Link to comment from August 10, 2023

• Never use an annuity, you will earn 10% in the SP 500 or total market stock fund. The insurance company is taking 5% of your investments annually. This 5% fee costs you 5 million in your life. Anyone who argues this fact is an insurance employee. Read John Bogle for what fees cost us. The problem with cash payouts replacing a pension is they don't give you the 20X needed to make it work, they give us 10X .Example a pension of 50k needs 1 million in cash payout to equal that 50k pension, they give us 500,000 payout. With 1 million earning 10% ,you can withdraw 5% or 50k a year and your savings grows at 5%(10% return-5% withdrawals). Your 50k withdrawals will get a 5% raise annually. Inflation iin the 1900s was 3.1%.

  Post: Picking My Pension

  Link to comment from August 10, 2023

• WS is correct first step to retire is figure out expenses.Mine were less then expected. We planned to travel,we did for 3 yrs and grew tired of it ,so my retirement expenses are much less then expected. I have more money than I ever had ,both in savings and monthly excess or discretionary money. We are both healthy, We work out 6z a week to stay healthy. The best way and easiest way to figure expenses it to take gross salary and subtract annual savings, this is your true expenses including income tax. If you make 100k a year and save 20k a year it costs you 80k to live. I walked around with a pad counted everything I spent 1 month .My pad figure was same as my gross-savings= my true cost of living, figure. ,medicare is only 165 a month not a big deal it comes out of the SS so it feels like I pay nothing. SS gives the inflation rate as a cola raise, so this current 8% inflation has made my age 62 benefit = to my age 70 benefit by age 66 or 67.

  Post: Dance of Coordination

  Link to comment from August 10, 2023

• I would take SS as soon as possible, the only time it might pay to wait to age 70 is if you work to age 70, because you will pay big tax on the SS.I drew up 2 100 yr plans from age 62 collecting SS to age 162, and from age 70 (collecting SS), to 162. The age 62 plan had more money the entire 100 yrs so there is no breakeven. We would miss out on 160,000 in benefits to wait to age 70, invested properly it could be worth 250-300k, this makes up for the lower benefit. I learned to be my own finance manager from Bob Brinker radio show. I won't pay a finance manager 5% front load as some want and other annual fees. Finance simplified you need 4x your salary in savings with a pension, 20x your salary with no pension. Invest the money in a total market stock fund, you will earn 8-10% a year ,keep 3 yrs of withdrawals in cash in case of recession. If salary was 50,000 a year, you need 1 million in savings with no pension , you will earn 100 k a year investing on average, if you spend 50k of it or 5% withdrawals your savings money will grow at 5% which is 2% over the 3% inflation long term average. Your money will last indefinitely Best free retirement planner is here, a pension retirement calculator. https://www.dinkytown.net/java/retirement-pension-planner-calculator.html

  Post: Dance of Coordination

  Link to comment from August 10, 2023