Augie

You’d HATE to get rear ended, after all!

Worse than trying to get the Playboy Channel as a kid? Oh, THAT must have been horrible!

I guess the rollover talk made me think of this, but……I worked early on for a bunch of community banks, and we just kept getting bought. After one merger I tried to take control of my retirement account, but they refused because it was over $10k with that bank. They said anything over $10k they have to keep and manage. Oh well, I didn’t fight too hard, it was the rule. A couple months later they get back to me and say they have been managing my money, and I can now have the account since they got it down below $10k. Gee! THANKS! 😂 I also retired in my mid 50’s, but not because we are investment gurus. I came to Atlanta kicking and screaming but the wife and son have good jobs here. The types of jobs that are not available in smaller markets. Fortunately, the wife is really good at what she does and she’s not ready to retire. She says she’s afraid of running out of money one day. I think she would have no idea what to do with herself if she retired. Not everybody is cut out to be the sloth that comes so naturally to me!

You are young(ish)! Time is on your side. The best advice I can give to young people is do not wait. Start socking it away ASAP and let it work for you. Max out the 401k, get as much company match as you can, put money away on a regular basis and let time work for you.

We run screens about as well as EJ would slide. WHY is it SO HARD?

There’s always the OTB! 😋

If it’s the pool and not the gym, that’s not as bad. I didn’t look too closely. If you have kids, I can see the appeal, but it’s still kinda funky. But it only takes one! I see it as a nice place to live, but you’re investing in something that will weed out a good part of the market. JMO.

It depends on how much they are managing, but you need to consider what % of the account size that is. I see no need to take the risk of individual stocks. We used a guy once who picked stocks for us. He sucked. We couldn’t afford to let him near our money, despite his slick presentation. Mutual funds have built in fees, but are probably reasonable compared to that flat fee. When you get to bigger accounts (the wife’s bank has a $10 Mil minimum account size, recently raised from $5 Mil) they charge as a percentage of the account. If they grow the account, their fees go up. Lose money and it goes down. I’m not a big fan of trying to pick stocks or trying to time the market. We put it in solid funds and let it work without anxiety.

I’m serious. They seem to have a house built around a basketball court. The kitchen, family room and at least one bedroom have a view of a gym. That’s not easy to fix (OK, impossible) and you will get resistance when it’s time to sell. Not may buyers are looking for or willing to tolerate that. I would keep moving unless it was a serious steal (and even then I’d have reservations).

There should be an easy way to do that. Be careful what you are signing and agreeing to. You could just find a couple nice index funds and handle it without making it complicated or paying extra fees. What are they being paid, and for what service? The mutual funds will already have management fees built in. Do they want to get paid to pick those funds? Or do they want to go picking stocks for you? It’s hard to beat the market, so we are mostly un funds.

In the real world, the phone keeps ringing and the emails keep flowing. Payment is often withheld as well. It doesn’t matter if I know it’s the best available, they want more. My report might be fine, but the hassle factor is often not worth it. I also worked for a national appraisal management company and I was that miserable person who kept pounding on the appraiser, even though I knew full well they were in an impossible situation. Some states, like MS and AL, are non-disclosure states. Nothing of any value is available in public records, and many of those rural areas don’t have MLS at all. It is IMPOSSIBLE to comply. A mere pittance! Our townhouse in Buckhead/midtown was more than that, mostly because the City of Atlanta tax alone was $420/month. It can be CRAZY! I’m happy here in Cobb county with our low(er) taxes. I turned 62 and the school board portion of our property taxes dropped off, which was surprisingly about 2/3 of the total.

To each their own, but I’m not paying penalties and taxes to free up that money (or what would be left of it). That should only be done in desperate circumstances, IMO. You are guaranteed a loss before you ever get started. By “invest” can I assume you mean in real estate? You can obviously keep it tax sheltered, avoid losing a big chunk of your asset and still “invest” in more traditional ways. But that’s just me. Do what makes you feel comfortable, and good luck!

We bought a house up the street from our old house about 15 months ago. The owner had a Realtor, but it was not actively listed in MLS. They were trying to quietly sell it without actually listing it. We got wind that somebody offered $5k less than what they paid about 4 years earlier. The owner said “I want at least what we paid for it”. We offered $10k more than what they had paid and she eventually accepted. Several sales took place right after we bought the new place, and we clearly got a steal. It’s worth ~50% more than what we paid because the seller and her agent had no idea what the current market value was. I thought we did good, but we did GREAT. On a side note, I pity the appraiser taxed with finding three comps within a mile of Beane’s house that sold in the last 6 months within 15% of 10k SF that included an indoor pool and basketball court. That is a job you do not want, even for a huge fee. You will NEVER make an underwriter happy because those comps do not exist. You just do the best you can, and they will keep bugging you like those sales exist and you are just refusing to use the good comps. As far as the house, what a mess! Sure, it’s a nice kitchen (if you don’t mind the dark cabinets and black appliances), but who wants a house built around a basketball court? That is not the focal point I want for my house. I’d cross that off the list and keep looking. EDIT: apparently the house may look over the indoor pool, not the basketball court. That’s not as bad, but that pool area is pretty sterile and not ideal in my mind. . .

That was my uncle Bob at his 80th birthday party. He tripped, hit his head, and that just came to him. I mean, that is how he tells it……

Doing that in yellow, if you know what I mean, would be super impressive!

S

But…..it sure is popular at the end of high school basketball games! After all these decades!

Well, that ain’t gonna happen. I suggest you get over it. The whole thing was a terrible mess, and we can’t undo it. All we can do is move forward. You sound like you're concerned as a selfish fan rather than looking at the bigger picture. He will be cleared and he has every opportunity to have a long and distinguished NFL career. It’s not about what you want. It’s not about you. We don’t even know if he’d want to come back here. .

That is the most sensible thing I have read here in a while.

You think I have a defeatist attitude. That’s actually hysterical. I find myself in the odd position odd being the “realist” this time around. He’s going to be in the NFL because he’s a good punter. He had some things to clear up before that could happen. This is not that complicated. This guy will get his shot. It was an unfortunate delay in his career, but it is not the fault of the Bills or the NFL. %$#^ happened, and now it appears to be cleared up. Period.

What is the NFL supposed to do? The market will work. If he’s all that, he will have a job in the NFL. He’s not blackballed by the league. I suspect he will be punting for an NFL team next season.

Life happens. Nobody promised it would always be fair. You sound like YOU are complaining as a Bills fan. Imagine how he feels. The Bills did what they had to do, and I have no complaints. It’s unfair and unfortunate, but it’s time to move on. .

OK, is Mahomes too commercialized? He’s everywhere, and he seems just fine. Maybe the difference is…….something else? Something(s) actually football related? 🤷‍♂️