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  1. R

    Free Dinner

    I knew about the plate licker term for years, that is why I don't go to such invitations even though I get them frequently by mail.
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    Spending after Retirement

    Spent at least a million dollar through out the first 7 years of retirement, keep changing cars, international travel, out of state college education for my son. This year I am at 65k which is a major drop down in spending. My wife is still working and spends around 40k per year from her earnings.
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    How to know when to take a profit

    I got rid of all my bond funds a year ago, now all stock index funds, could not be happier with my decision.
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    For those who have successful children

    It is genetics, my brother is a failure and was homeless at a certain point, and I was very successful in my career with an engineering degree. My son is an engineer and we took care of him really well, I paid for his out of state college $260k for his degree, bought him a Lexus when he was a...
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    Best CD, MM Rates & Bank Special Deals Thread 2021 - Please post updates here

    Late seventies and early eighties was above 10%, google is your friend.
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    Best CD, MM Rates & Bank Special Deals Thread 2021 - Please post updates here

    Inflation will be more than 6% this year, CD's and saving accounts rates are a losing preposition now.
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    Fee for cash buyers???

    I bought a used car from a dealer 6 months ago, then I paid off the loan within a week, I received my title 4 months later, I was just wondering if the dealer made any money on the financing since I paid the loan within a few days and before first payment was due.
  8. R

    Fee for cash buyers???

    Yes, I am aware of that, but if you buy and finance the car, then pay off the loan immediately then the financing company still pays the dealer their cut or not.
  9. R

    Fee for cash buyers???

    Do Car Dealers still make their cut if you pay off the car Loan immediately,
  10. R

    Countries offering retirement visas

    The article is dated 2019, any update since then or things are hold until Covid issues are sorted out.
  11. R

    Poll:Vehicle habits

    There is plenty of money in stocks and I won't take it with me to grave, I enjoy cars and it is my hobby, an expensive one, but I enjoy the whole experience of research buy, sell and then trade in. I sold my 2015 Porsche 911GTS ($98K) to private party, lost $12k but enjoyed using it for almost 2...
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    Poll:Vehicle habits

    Lost on every single one of the cars, I buy mostly used 2 years old and certified, with the exception of 07 MB SL600 which I still own along with 2017 Lexus Lx 570.
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    Poll:Vehicle habits

    I am a car guy, bought and sold 7 cars since 2014, all used except one, payed cash and traded all for other ones. I don't like leasing. Most expensive was $100k Porsche 911 and the least expensive was $14k for a used Toyota Tacoma truck which I needed for some construction work and sold after...
  14. R

    Has Anyone here retired to Vegas area? How is the experience?

    Henderson is very safe and is in the top ten cities in the US safetywise. I have been living in Henderson since 1995.
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    This Market Is Crazy - What do Y'all Think???

    Invested in Toilet paper companies since covid 19, lost my ass off, on the positive side no more toilet paper for me.
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    FINRA Financial Literacy Quiz

    My IQ is 30 and I got 6 out of 6, bonus question is simple math 1.2^4=2.0736 4 years for the amount to double.
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    New Construction Costs - CRAZY!

    As mentioned above, inflation is coming, Dollar is losing value, it should be a good time to buy a home or upgrade to a better one to hedge against the above especially in the zero interest rate environment. Cash is losing value quickly, stock and bonds are on paper and not safe, Gold is not...
  18. R

    umbrella renewal

    Henderson Nevada here, one Lexus car and rental property, two millions coverage paying $420 annually
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    What's your basic housing expenses after retirement (excluding electric, gas. water)?

    Henderson Nevada here, no mortgage, $200/month HOA (guard gated), 400/month realty taxes and $100 for insurance for a total of $700/month. Utilities including trash, cell phone and cable/streaming $600/month.
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    Inflation Protection

    Nobody is talking about the Petrodollar, there is a worldwide demand to accumulate dollars as reserve currency in tough time and for countries to buy oil as it is the traded only in dollars, as long as there is this demand, dollar should be ok and inflation should not be high as the printed...
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    Advice for Selling our Nissan Leaf?

    I advertised my 2013 Corolla 35k miles on Craig List & Autotrader for $7500, got a crowd around my house with couple fist fights erupting on who arrived first, had to call the cops and cancel the sale. No more trying to help local community.
  22. R

    Countries offering retirement visas

    I see your point, but I have lived in seven foreign countries for a total of 33 years, despite Wells Fargo bad business practices I would trust US financial system much more than other countries, Western Europe comes 2nd.
  23. R

    Countries offering retirement visas

    Keep your money in the US and transfer enough regularly to cover 6 months or so of your expenses. Foreign countries cannot be trusted.
  24. R

    What effect did retirement have on your marriage?

    No effect except that my spouse is filing divorce soon and I am excited about that since this will give me the freedom to start new life.
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    Do you prepare your own tax return?

    Always used Quicken and trubotax since 1994, prior to that by hand. Never used or considered a CPA. It is a great learning experience as you can learn strategies on how to reduce your taxes as others mentioned. Mine is relatively complex but does not require rocket science to complete.
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