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Re: How to pay ZERO taxes in retirement with 6-figure expens

We get many posters in the accumulation phase of life who don't appreciate the flexibility you have in retirement or early retirement or partial retirement to manipulate the amount and type of income you have. Excellent point. Where would these uninformed posters go for an overview and further deta...
by Barefootgirl
Wed Oct 01, 2014 9:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to pay ZERO taxes in retirement with 6-figure expenses
Replies: 161
Views: 45454

Re: favorite brand name products

Reading through these lists, it occurs to me that I have no brand loyalties, except perhaps Saucony for running shoes and Tignanello for purses and I'd even go so far as to say that I have never purchased most of the brands listed in this thread. I shop Trader Joes because they offer some of the bes...
by Barefootgirl
Mon Sep 29, 2014 7:22 pm
 
Forum: Personal Consumer Issues
Topic: favorite brand name products
Replies: 58
Views: 2687

Re: POLL: Would you rather work half as long or half as ofte

I have an amazing and insatiable curiosity about life, the universe, the physical world, human and planetary history....I can't imagine that I would ever have any trouble filling my hours, so work for me has almost always been a means to an end. I've gotten satisfaction many times from being the sma...
by Barefootgirl
Mon Sep 29, 2014 4:33 pm
 
Forum: Personal Consumer Issues
Topic: POLL: Would you rather work half as long or half as often?
Replies: 68
Views: 3909

Re: Lump Sum Package With Details

E mployer-provided retirement healthcare is a bit of a crap shoot these days. My own former-employer has stated they are considering dropping the retiree healthcare plan and are actively encouraging retirees to switch to the ACA, so all the years I looked forward to getting this benefit may be for n...
by Barefootgirl
Mon Sep 29, 2014 1:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: Lump Sum Package With Details
Replies: 28
Views: 1539

Re: Lump Sum Package With Details

Thanks max and others. As of today, I am leaning against the lump sum and leaning toward staying under the current terms. The only thing that is all or nothing right now is taking the lump sum. Later, if it turns out that I need more income, I can begin taking the pension payments...I will be eligib...
by Barefootgirl
Mon Sep 29, 2014 1:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: Lump Sum Package With Details
Replies: 28
Views: 1539

Re: The Villages Retirement Community Near Orlando

Looking at your screen name, can we guess a lot of mosquitos in your location? :)

BFG
by Barefootgirl
Sat Sep 27, 2014 7:05 pm
 
Forum: Personal Consumer Issues
Topic: The Villages Retirement Community Near Orlando
Replies: 72
Views: 7566

Re: Treadmills [vs. Ellipticals]

Have any of you known anyone who used one of these combination treadmills/desks - from the video it looks fairly easy to alternate between running and walking.

http://www.proform.com/fitness/en/ProFo ... -treadmill

BFG
by Barefootgirl
Sat Sep 27, 2014 5:39 pm
 
Forum: Personal Consumer Issues
Topic: Treadmills [vs. Ellipticals]
Replies: 54
Views: 3306

Re: Stamps cheaper at Staples than at USPS ?

Recently, I've been shipping packages via the USPS at Office Depot. The Office Depot shipping prices are indeed cheaper, even using the same USPS service..I've seen them as much as 30 to 40% cheaper for the same package weight and size. You enter the label information, the OD employee prints the lab...
by Barefootgirl
Sat Sep 27, 2014 5:33 pm
 
Forum: Personal Consumer Issues
Topic: Stamps cheaper at Staples than at USPS ?
Replies: 12
Views: 1224

Chase Ultimate Rewards Program

I just earned $600 in rewards via a Chase credit card, but I see they have given me an option of the equivalency (apparently) in Chase Ultimate Reward points. I can't recall where I read it, but it seems I've heard the Ultimate Rewards program is a valuable one. Anyone have experience with this? any...
by Barefootgirl
Sat Sep 27, 2014 5:29 pm
 
Forum: Personal Consumer Issues
Topic: Chase Ultimate Rewards Program
Replies: 23
Views: 2690

Re: Lump Sum Package With Details

The timing of this offer comes at a time when I was just beginning to consider the various options I have for retirement income streams, so I did not already have a fixed plan. When I retire, I will definitely start taking an immediate pension earned through my current employment position. Tentative...
by Barefootgirl
Sat Sep 27, 2014 1:28 pm
 
Forum: Personal Finance (Not Investing)
Topic: Lump Sum Package With Details
Replies: 28
Views: 1539

Re: Lump Sum Package With Details

Another thought - how does tax treatment figure into the analysis? If a lump sum is rolled over, the earnings won't be taxed until withdrawals are made from the account, so there is tax free growth there for as long as the money remains in the 401K or TSP (401k-like) account or the IRA. If pension p...
by Barefootgirl
Sat Sep 27, 2014 5:55 am
 
Forum: Personal Finance (Not Investing)
Topic: Lump Sum Package With Details
Replies: 28
Views: 1539

Re: Lump Sum Package With Details

Did you plan on taking the pension distributions at that point? If so, how much would they be? This current offer just fell in my lap last week, I had not gotten that far into my retirement planning. Ive spent the past 25+ years concerned with accumulation, now just beginning to plan for decumulati...
by Barefootgirl
Sat Sep 27, 2014 5:35 am
 
Forum: Personal Finance (Not Investing)
Topic: Lump Sum Package With Details
Replies: 28
Views: 1539

Re: Lump Sum Package With Details

cherijoh- I think it boils down to whether you are willing to trade increased longevity and market risk for the reduced inflation risk. If we're talking about the same thing here, then yes, this is what I was mulling over last night after dinner, with my Friday cocktail. market risk = investing the ...
by Barefootgirl
Sat Sep 27, 2014 5:28 am
 
Forum: Personal Finance (Not Investing)
Topic: Lump Sum Package With Details
Replies: 28
Views: 1539

Re: Lump Sum Package With Details

Maybe it should or shouldn't go without saying, but since I am eligible beginning at 55, I don't have to wait until 65 to begin receiving payments. Of course, for each year after 55, it will be higher than $533, but lower than $1515...somewhere in between. I don't have the reduction calculator info ...
by Barefootgirl
Fri Sep 26, 2014 4:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: Lump Sum Package With Details
Replies: 28
Views: 1539

Re: Lump Sum Offer

Emphasize the "if appropriate". It could detract from the value if it puts you in a higher tax bracket than you would be when you withdraw from it.

I expect to be in a lower tax bracket when I retire, which would be the withdrawl period.

BFG
by Barefootgirl
Fri Sep 26, 2014 4:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: Lump Sum Offer
Replies: 25
Views: 2838

Re: Lump Sum Package With Details

Yes, there is a third option. I can do nothing, stay with the existing plan and either receive $533/month starting next year
OR receive $1,515.00/month at age 65.

The pension is PBGC guaranteed.

BFG

ps - maybe furwut, you are older than me, so you don't have as long to wait for 65 to arrive?
by Barefootgirl
Fri Sep 26, 2014 4:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: Lump Sum Package With Details
Replies: 28
Views: 1539

Lump Sum Package With Details

The lump sum offer is $121,400 or $533/month for life, starting in 45 days. I am 54 years old. Under the existing terms, I am not eligible to begin receiving payments until 11 months from now and payments would still be $533/month, so out of the box, from the monthly payment perspective, this new of...
by Barefootgirl
Fri Sep 26, 2014 4:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: Lump Sum Package With Details
Replies: 28
Views: 1539

Re: Lump Sum Offer

Hi cherijoh,

I was about to say the same thing - I thought maybe my perception was skewed - but suddenly it seems like lump sum buy out offers are all the rage this fall.

I just got my package today - going to start a new thread.

Thanks, BFG
by Barefootgirl
Fri Sep 26, 2014 3:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: Lump Sum Offer
Replies: 25
Views: 2838

Re: Employer finding out you have a financial cushion?

My employers over the years may have invested in me, but likewise I invested in my career and skill set - so I always preferred to look at my employment as a mutually beneficial and convenient relationship - when it became no longer beneficial or convenient for one party, that party would let go of ...
by Barefootgirl
Thu Sep 25, 2014 2:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: Employer finding out you have a financial cushion?
Replies: 72
Views: 8140

Re: Treadmills

Good to hear about the Proform Line. I may soon drop some money on the Proform Thinline model.

Thanks, BFG
by Barefootgirl
Thu Sep 25, 2014 2:07 pm
 
Forum: Personal Consumer Issues
Topic: Treadmills [vs. Ellipticals]
Replies: 54
Views: 3306

Re: Any success stories of ppl who never made >$50,000?

I consider my story an example of success, although for many years I've earned above $50K - simply because you can't look at income in a vacuum. As others have mentioned, higher incomes are correlated with local cost of living. In the beginning years of my career, without family support, connections...
by Barefootgirl
Wed Sep 17, 2014 6:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: Any success stories of ppl who never made >$50,000?
Replies: 149
Views: 10014

Do you participate in the "Sharing Economy"?

Either as a a buyer or seller?

I've rented private vacation cottages on airbnb.com, but that's it so far... have never rented or sold time in my car or home, for example.

BFG
by Barefootgirl
Wed Sep 17, 2014 5:53 pm
 
Forum: Personal Consumer Issues
Topic: Do you participate in the "Sharing Economy"?
Replies: 1
Views: 273

Re: Lump Sum Offer

Thank you so much, all of this information is helpful. I had a funny thought last night - i.e. - that if the analysis turns against the lump sum, whether the number might be negotiable.

It's my nature to think of everything that way, lol.

BFG
by Barefootgirl
Wed Sep 17, 2014 12:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: Lump Sum Offer
Replies: 25
Views: 2838

Re: The boglehead way to buy furniture

I'm with you...hate to pay for rapidly depreciating items (which speaks a lot about their true cost to me)...but don't want ugly, cheap things either. I bought a quality bed and prolong its life through frequent mattress flipping. I bought a sofa 20 years ago, had it reupholstered once, but keep it ...
by Barefootgirl
Tue Sep 16, 2014 1:27 pm
 
Forum: Personal Consumer Issues
Topic: The boglehead way to buy furniture
Replies: 56
Views: 4989

Re: Key to happintess in retirement.

I am now reading blogs and books by entrepreneurs who offer their books, consulting, and other services in the cyberspace, while working out of their home. If you have any blogs or books you find the most helpful, would appreciate if you could share the names...I am tossing around all kinds of post...
by Barefootgirl
Tue Sep 16, 2014 11:22 am
 
Forum: Personal Finance (Not Investing)
Topic: Key to happiness in retirement
Replies: 36
Views: 3720

Re: Why do so many think their home is a foolproof investmen

These homeownership vs. renting threads always make for good entertainment (and enlightenment!). I've done it all - rented, owned homes and been a nomad...they've all had their disadvantages and advantages. I currently live in an area of homeowners of expensive homes (although I don't currently own)...
by Barefootgirl
Mon Sep 15, 2014 9:30 pm
 
Forum: Investing - Theory, News & General
Topic: Why do so many think their home is a foolproof investment?
Replies: 125
Views: 6455

Re: Lump Sum Offer

I'm purely speculating as to their reasons for now offering lump sum options, maybe they want to get the obligations off their books in advance of some business move - otherwise, why go through the exercise unless it benefits both parties in some way?... unless they are betting that people more desp...
by Barefootgirl
Mon Sep 15, 2014 8:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: Lump Sum Offer
Replies: 25
Views: 2838

Re: Lump Sum Offer

If the lump sum converted to an annuity was more generous than the pension payments, would you take the lump sum and roll it over, if you were planning to work at least awhile before retirement?

BFG
by Barefootgirl
Mon Sep 15, 2014 7:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: Lump Sum Offer
Replies: 25
Views: 2838

Re: Lump Sum Offer

Thank you.

Yes, when I find out what the lump sum is, of course that makes all the difference.

The pension plan is administered by an independent party, for whatever that is worth.

BFG.
by Barefootgirl
Mon Sep 15, 2014 7:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: Lump Sum Offer
Replies: 25
Views: 2838

Lump Sum Offer

Starting later next year, I am eligible to begin taking early retirement , reduced pension payments from a former employer. If I wait to "normal" retirement age, which they indicate is 65, I would be entitled to more than 3 times the amount of the early retirement payments. There has never...
by Barefootgirl
Mon Sep 15, 2014 7:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: Lump Sum Offer
Replies: 25
Views: 2838

Re: Tiny house movement.

I've lived in small square footage homes and they felt spacious. and I've lived in homes with a large amount of square footage and they felt cramped. Configuration and design can make a HUGE difference as well as climate. I think it would be harder to live in a tiny space in an area known for a good...
by Barefootgirl
Mon Sep 15, 2014 4:28 pm
 
Forum: Personal Consumer Issues
Topic: [can my family live in a] Tiny house
Replies: 60
Views: 4077

Re: terminology in legal contracts



I believe his advice was to add a phrase such as "except in the event of liability by the company." I did so and signed the agreement. I'm not sure if they even noticed.


yes, this or similar.
by Barefootgirl
Sat Sep 13, 2014 1:12 pm
 
Forum: Personal Consumer Issues
Topic: terminology in legal contracts
Replies: 10
Views: 886

Re: Learning a NEW language - Foreign Service Inst

I've used various methods and second the opinion about immersion. Immersion took me from a being able to read and understand a second language, to actually becoming interactive.

BFG
by Barefootgirl
Sat Sep 13, 2014 1:10 pm
 
Forum: Personal Consumer Issues
Topic: Learning a NEW language - Foreign Service Inst
Replies: 37
Views: 2466

Websites or books for cocktail recipes?

Any favorites, we have a party coming up and want to move beyond serving the usual rum and cokes or vodka and tonics.

Thanks
by Barefootgirl
Sat Sep 13, 2014 10:49 am
 
Forum: Personal Consumer Issues
Topic: Websites or books for cocktail recipes?
Replies: 2
Views: 218

Re: Costco vs Amazon?

I confess to not having been in one of these warehouse type stores in some time....do they still sell items only in large quantity packaging? just thinking about the perishability factor.

BFG
by Barefootgirl
Sat Sep 13, 2014 10:41 am
 
Forum: Personal Consumer Issues
Topic: Costco vs Amazon?
Replies: 60
Views: 4615

Personal Liability Insurance

My sister and her husband have decided to retire early and they are investigating the possibilities of earning some part time income in the future from house sitting and possible minor household tasks (bringing in mail, watering plants, etc.) Her husband also has some handyman skills. They live in a...
by Barefootgirl
Fri Sep 12, 2014 6:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: Personal Liability Insurance
Replies: 7
Views: 645

Re: The Great Courses.com

I see that there is app on certain devices to stream these classes - don't have all the details yet.

BFG
by Barefootgirl
Thu Sep 11, 2014 6:39 pm
 
Forum: Personal Consumer Issues
Topic: The Great Courses.com
Replies: 23
Views: 2226

Re: The Great Courses.com

Thank you all for the feedback...with many of the courses, I'd prefer to "rent" if possible, so I am looking at streaming options....would be great to view and listen to some of these courses on public transportation. At this point in my life, Great Courses looks like the best option, sinc...
by Barefootgirl
Thu Sep 11, 2014 8:11 am
 
Forum: Personal Consumer Issues
Topic: The Great Courses.com
Replies: 23
Views: 2226

Costco vs Amazon?

I was recently gifted a Costco membership and I've never shopped there before, so I looked around online for shopping tips for Costco...ran across some sites with posters indicating that Amazon offers better pricing on the same items. Our household is small and I tend not to purchase in bulk. If you...
by Barefootgirl
Thu Sep 11, 2014 8:05 am
 
Forum: Personal Consumer Issues
Topic: Costco vs Amazon?
Replies: 60
Views: 4615

Re: Giftcards

yes, optimally I was hoping to swap for establishments I would use...I don't expect anyone to give cash for them. They're also not really geared toward the folks I know, so maybe charity is another option, thanks
by Barefootgirl
Tue Sep 09, 2014 1:05 pm
 
Forum: Personal Consumer Issues
Topic: Giftcards
Replies: 14
Views: 1210

Giftcards

I've received several giftcards which sit in a stack on my desk, since they are for establishments I do not tend to frequent. If I try to swap these for cash or an equivalent, I am likely to lose a percentage to website transaction fees and the like. Does anyone know if there is a consumer to consum...
by Barefootgirl
Mon Sep 08, 2014 6:17 pm
 
Forum: Personal Consumer Issues
Topic: Giftcards
Replies: 14
Views: 1210

The Great Courses.com

Have any of you purchased any of the course material from this company? If so, looking for comments on quality of the information/instruction.

Do they have competition?

Thank you, BFG
by Barefootgirl
Sun Sep 07, 2014 5:36 pm
 
Forum: Personal Consumer Issues
Topic: The Great Courses.com
Replies: 23
Views: 2226

Re: Retire Early Dot Com - recent Terhorst interview

Here's an article about them - http://www.mymoneyblog.com/cashing-in-on-the-american-dream-how-to-retire-at-35-by-paul-terhorst-book-review.html Indicates they retired with $400K...and used laddered CDs I believe...in a previous interview in 2007, he said they could not return to live in the US due ...
by Barefootgirl
Sun Sep 07, 2014 3:50 pm
 
Forum: Investing - Theory, News & General
Topic: Retire Early Dot Com - recent Terhorst interview
Replies: 6
Views: 1150

Retire Early Dot Com - recent Terhorst interview

This interviews gives me pause to question whether I might be too conservative in my own approach.

They are still retired, still living the nomad lifestyle and at age 65 with a 95+% stock allocation.

http://retireearlylifestyle.com/aaa/pau ... update.htm
by Barefootgirl
Sun Sep 07, 2014 10:11 am
 
Forum: Investing - Theory, News & General
Topic: Retire Early Dot Com - recent Terhorst interview
Replies: 6
Views: 1150

Travel to the Netherlands?

I'm adding another item to the "bucket list" (trying to think of a better name for it).... I'd like to go to the Netherlands next year to attend the Redhead Days.... Wondering if anyone here has been there, can offer tips on things not to miss, etc. Although I am an ethnic mix, I bear the ...
by Barefootgirl
Sat Sep 06, 2014 12:47 pm
 
Forum: Personal Consumer Issues
Topic: Travel to the Netherlands?
Replies: 6
Views: 584

Longevity Annuities?

Has anyone heard from their 401K or employer yet on this new option? Anyone already decide to take advantage of this?

http://www.treasury.gov/press-center/pr ... l2448.aspx

Thank you, BFG
by Barefootgirl
Wed Sep 03, 2014 2:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: Longevity Annuities?
Replies: 54
Views: 2350

Re: How much does your home *really* cost?

Victoria, Do you mind elaborating on this statment? I am wondering how the apartment optimizes the other expenses vs. storage. Thanks An apartment adds $12k/year in expenses, in comparison to storage, but it helps to optimize many other expenses such as seasonal clothes, electronics, dishes, car par...
by Barefootgirl
Wed Sep 03, 2014 2:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: How much does your home *really* cost?
Replies: 23
Views: 4248

Coin Counting Machines

I went into my bank branch today to use one of their counting machines...it's a free service for customers...great machines, throw your coins on the belt, the machine counts them and spits out a receipt that you take to the window to be credited to your account...except they pulled all the machines ...
by Barefootgirl
Wed Sep 03, 2014 2:22 pm
 
Forum: Personal Consumer Issues
Topic: Coin Counting Machines
Replies: 58
Views: 4064

Re: Preparing to retire checklist

Thank you for the updates and maybe I speak for many here when I say I look forward to your updates. Good luck on the move...I understand how that goes. The silver lining is that these situations provide a golden opportunity to weed out the unwanted material possessions...freeing us up even further....
by Barefootgirl
Mon Sep 01, 2014 5:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: Preparing to retire checklist
Replies: 100
Views: 10826

Re: Preparing to retire checklist

Victoria, I might have missed it in an earlier post, but I was curious how you handled the issue of certain benefits. With respect to unused medical leave, assume that goes toward your pension calculation for time in service and therefore, there is no payment for unused ML. With respect to unused an...
by Barefootgirl
Sun Aug 31, 2014 1:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: Preparing to retire checklist
Replies: 100
Views: 10826
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