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Re: Birthdate and first social security payment

I'm not positive but i think the rule you mention only apples to early retirement, not FRA. In your example, I think there will be an August benefit (or entitlement in case of a restricted filing). If he were turning 62 on Aug 15th, then I think his first check and/or spousal benefit would be for S...
by Torg Fadum
Tue Aug 27, 2013 7:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: Birthdate and first social security payment
Replies: 46
Views: 4648

Re: Learn Guitar or Piano?

Hi Gordon: Congrats on your upcoming retirement!

Hi Stemikger: Glad you enjoyed the links. I bought the DVD of the Concert for George years ago, and it was fantastic.

Regards,
Torg
by Torg Fadum
Mon Jul 29, 2013 9:54 am
 
Forum: Personal Consumer Issues
Topic: Learn Guitar or Piano?
Replies: 119
Views: 10281

Re: Learn Guitar or Piano?

Guitar: VERY easy to start up and not sound terrible, but learning curve gets significantly steeper once you start doing things other than the most basic of simple chords. Piano: Also fairly easy to start and not sound terrible, but difficulty increase a lot with 2-hand technique, and once you star...
by Torg Fadum
Sat Jul 27, 2013 6:03 pm
 
Forum: Personal Consumer Issues
Topic: Learn Guitar or Piano?
Replies: 119
Views: 10281

Re: Re-do Quicken based on old Quicken file

mickyvee, I hope you read this before you blowup your current Quicken file. Seems to me you should try to get some good guidance, perhaps via a Quicken forum before taking such drastic action. FWIW, I strongly agree with the above quote. I am not a Quicken expert by any means, but I have investment...
by Torg Fadum
Thu Jul 04, 2013 9:43 pm
 
Forum: Personal Consumer Issues
Topic: Re-do Quicken based on old Quicken file
Replies: 7
Views: 675

Re: Joint & survivor pension decision [SS Survivor Benefit]

Some numbers: Ages 58 and 48 (births in 1954 and 1965; her birthday has passed, his hasn't) FRAs of 66 and 67 She retires in 7 years at 55 when OP is 65. Both have PIAs of $2000 (fictional numbers, but equal) He claims at 70; she at 62. He gets $2640; she gets $1400; total is $4040. He dies at 77 w...
by Torg Fadum
Sat Mar 30, 2013 9:53 am
 
Forum: Personal Finance (Not Investing)
Topic: Joint & survivor pension decision
Replies: 62
Views: 3558

Re: Piper's "Social Security Made Simple" Free Until Friday

Hi, Mike. Thanks! I downloaded it to my Kindle, immediately read Chp 11 When to Claim, and found the "Katie and Joe" example closest to our situation. Very helpful. Thanks, again. -Torg
by Torg Fadum
Wed Oct 10, 2012 8:45 am
 
Forum: Personal Finance (Not Investing)
Topic: Mike Piper's "Social Security Made Simple"
Replies: 51
Views: 5534

Re: GM Volt

Sadly, that is true. It is a very big country and overall the population density is low compared to other countries. People seldom work within biking or walking distance of their residence. This makes it very difficult and expensive to design proper public transportation infrastructure. But it seem...
by Torg Fadum
Wed Sep 26, 2012 8:28 am
 
Forum: Personal Consumer Issues
Topic: GM Volt
Replies: 208
Views: 12351

Didn't realize there was another world cup thread. I'm really happy Japan won. 8-) I was rooting for Japan to win even though I'm a born and bred American. The U.S. choked basically, had tons of chances but couldn't get the job done. Hi Okie Indexer, I haven't read or watched any of the post-game a...
by Torg Fadum
Mon Jul 18, 2011 8:02 am
 
Forum: Personal Consumer Issues
Topic: World Cup Finals - US Womens Team Versus Japan
Replies: 49
Views: 3733

Re: Congratulations to Japan

Another thriller, a real nail-biter. Though very disappointed in the end result, I'm happy for Japan. Regards, Torg I only watched the first 10 minutes of the game but I obtained periodic updates. Very Very disappointed in the end result. Lots of missed opportunities. Hi Mike, Yes, lots of missed o...
by Torg Fadum
Sun Jul 17, 2011 9:36 pm
 
Forum: Personal Consumer Issues
Topic: World Cup Finals - US Womens Team Versus Japan
Replies: 49
Views: 3733

Congratulations to Japan

Another thriller, a real nail-biter. Though very disappointed in the end result, I'm happy for Japan.

Regards,
Torg
by Torg Fadum
Sun Jul 17, 2011 8:17 pm
 
Forum: Personal Consumer Issues
Topic: World Cup Finals - US Womens Team Versus Japan
Replies: 49
Views: 3733

Re: Thanks

I'd also like to add that the commentators (Ian Darke and Julie Foudy) did a great job on this game and all the games. Ian: "Can you believe this?!" Julie: "I can believe it!" I love Ian Darke, but it was getting really annoying that first Foudy and then both Darke and Foudy cou...
by Torg Fadum
Fri Jul 15, 2011 6:05 pm
 
Forum: Personal Consumer Issues
Topic: World Cup Finals - US Womens Team Versus Japan
Replies: 49
Views: 3733

Re: Thanks

Watching Wambach score on that header in the 122nd minute on a perfect cross from Rapinoe to tie the game just before the end of Stoppage Time at the end of the second overtime period was incredible. Enjoy! http://www.youtube.com/watch?v=fXFclSGSsGQ You betcha. Over and over again. Thanks! I'd also...
by Torg Fadum
Fri Jul 15, 2011 9:06 am
 
Forum: Personal Consumer Issues
Topic: World Cup Finals - US Womens Team Versus Japan
Replies: 49
Views: 3733

Thanks

Mike, thanks for bringing this subject up. My family and I are looking forward to rooting for the USA in the final against Japan this Sunday. That’s going to be another really tough match against a classy team. While all the games have been enjoyable, the USA victory over Brazil last Sunday was one ...
by Torg Fadum
Fri Jul 15, 2011 7:28 am
 
Forum: Personal Consumer Issues
Topic: World Cup Finals - US Womens Team Versus Japan
Replies: 49
Views: 3733

It Does Seem Ridiculous, Doesn't It?

Hi FedGuy, My sympathy for your difficulty here. Sorry the "trader" couldn't help. Since you've had two different Schwab people tell you that Schwab can't do what you need it to do, that may be accurate. If it were me, though, I'd call back again and speak with a different trader and ask w...
by Torg Fadum
Thu Jun 09, 2011 10:34 pm
 
Forum: Investing - Help with Personal Investments
Topic: Selling specific tax lots at Schwab
Replies: 13
Views: 1065

Changing Cost-Basis Method for Sell Orders

Hi FedGuy, I just went into my Schwab One account as if to place a trade. On the Trade Stocks screen (for stocks and ETFs) there is a Change link under Cost Basis Method which brings up the following choices: You can choose an alternative cost basis method for this order only. This method will be us...
by Torg Fadum
Thu Jun 09, 2011 9:01 am
 
Forum: Investing - Help with Personal Investments
Topic: Selling specific tax lots at Schwab
Replies: 13
Views: 1065

Is your rep a trader?

Hi FedGuy,

Is your rep a trader or someone specifically associated with your account? You might try asking for the Trading department.

Regards,
Torg
by Torg Fadum
Thu Jun 09, 2011 8:34 am
 
Forum: Investing - Help with Personal Investments
Topic: Selling specific tax lots at Schwab
Replies: 13
Views: 1065

Ask for Trader

Hi FedGuy, It's been several years since I've done this, so the process may have changed. Back then, I simply had the trade ready to go on line, but before submitting it called Schwab about placing the trade. The trader would enter the VSP (Versus Purchase date(s) for the desired share lots) info in...
by Torg Fadum
Thu Jun 09, 2011 8:17 am
 
Forum: Investing - Help with Personal Investments
Topic: Selling specific tax lots at Schwab
Replies: 13
Views: 1065

36%

I retired six months ago. No mortgage or other debt. Military retirement pay. Age 59. We currently have (and plan to keep) about 36% in fixed income, not including additional cash for a few expected large expenses in the near-term. Detailed allocation is: 12% TIPS 12% Nominal bonds 12% Cash/Stable V...
by Torg Fadum
Tue Nov 23, 2010 11:58 pm
 
Forum: Personal Consumer Issues
Topic: poll-equity/bond allocation of almost or recent retirees
Replies: 21
Views: 2197

Whirlpool Jet Boat tours

Hi Dug, In addition to the many attractions right at the Falls, you might be interested in one of the Whirlpool Jet Boat tours in the lower Niagara River from either their Niagara Falls, Ontario, or Lewiston, New York, locations. My family and I have taken the tour a couple of times from the Lewisto...
by Torg Fadum
Tue Jun 08, 2010 7:50 pm
 
Forum: Personal Consumer Issues
Topic: Short Trip to Niagara Falls
Replies: 29
Views: 3743

Dave Ramsey

Tell them to start listening to Dave Ramsey for free here or on the radio. http://www.daveramsey.com/radio/home/ Hi Jeff, I strongly agree with rec7's and 3CT_Paddler's recommendations on Dave Ramsey. (Prepare for Option D and probably selling the boat and one of the vehicles if they don't need bot...
by Torg Fadum
Sat May 15, 2010 9:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: Parents on brink of bankrupcy - Need Help!!
Replies: 54
Views: 6618

Too Soon to Tell

Hi Mel & Frugal Investor,

Thank you both for responding to my post.

Mel, I’ll send you a PM and let you decide if any of my comments are useful.

Regards,
Torg
by Torg Fadum
Wed May 12, 2010 7:57 pm
 
Forum: Investing - Theory, News & General
Topic: Retirees - Help With Forbes Column
Replies: 59
Views: 9413

Too Soon to Tell

Hi Mel,

Having been retired less than 48 hours, I think I'll have to get back to you later! :D

Regards,
Torg
by Torg Fadum
Sun May 09, 2010 10:50 am
 
Forum: Investing - Theory, News & General
Topic: Retirees - Help With Forbes Column
Replies: 59
Views: 9413

Correct

I believe you are on the right track. HueyLD made the key point: that you claim expenses only in the year that you actually paid them, regardless of when they were billed. You do have an option to pay the Spring 2011 bill in Dec 2010 and claim those expenses in your 2010 return, if that is better fo...
by Torg Fadum
Tue Mar 23, 2010 10:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: 1098-T/Education credit question
Replies: 6
Views: 1302

Kudos for John D. McDonald, Dick Francis & Robert B. Par

In John D. MacDonald's wonderful mystery novels, his fictional investigator Travis McGee talks about taking his retirement in chunks. That is, after every successful case he knocks off for a while: "Trav, how much work like that do you find lying around when you start to get so broke you need ...
by Torg Fadum
Thu Mar 04, 2010 9:23 pm
 
Forum: Investing - Theory, News & General
Topic: At What Point Do You Have Enough?
Replies: 69
Views: 10070

Insurance, DIC, SBP and Thanks!

Hello EmergDoc, Thanks for your military medical service and for your always helpful advice. I think every military member should read and heed your tips. I have a few minor comments related to insurance and also the Survivor Benefit Plan (SBP) mentioned. It’s been a while since I retired, but back ...
by Torg Fadum
Mon Jan 18, 2010 1:22 pm
 
Forum: Investing - Theory, News & General
Topic: Military Investing
Replies: 122
Views: 31296

Some 401k Plans Match After-Tax Contributions

Hello Honghong, Congratulations on your excellent financial position at such a young age and your aggressive approach to saving. Debt-free, with a six-month emergency fund and a mid-five-figure portfolio -- you have made a great start! If you are concerned about missing the company match, I have a c...
by Torg Fadum
Sun May 10, 2009 8:59 pm
 
Forum: Investing - Help with Personal Investments
Topic: Need help with 401k selection! *Updated*
Replies: 16
Views: 3587

1. House
2. 24
3. Lie to Me

Regards,
Torg
by Torg Fadum
Sat May 02, 2009 7:48 pm
 
Forum: Personal Consumer Issues
Topic: Name your top favorite tv shows
Replies: 159
Views: 24035

CollegeBoard.com for Costs

Hello Lar, I think you have a good plan. The allowable cost of living at home for qualified 529 withdrawals is typically a lot less than the college’s campus room & board costs. If you go to http://www.collegeboard.com, search for the college(s) of your choice, then click on Cost & Financial...
by Torg Fadum
Tue Apr 28, 2009 4:56 pm
 
Forum: Investing - Help with Personal Investments
Topic: 529 Qualified Expenses - Room & Board Question
Replies: 3
Views: 4258

Gekko, Thanks for the Ben Franklin Quote

"To relieve the misfortunes of our fellow creatures is concurring with the Deity; it is godlike. But if we provide encouragement for laziness, and support for folly, may we not be found fighting against the order of God and Nature, which perhaps has appointed want and misery as the proper puni...
by Torg Fadum
Sat Mar 07, 2009 11:39 pm
 
Forum: Personal Consumer Issues
Topic: It's a LOAN, people...
Replies: 63
Views: 8272

Thanks, imbogled

Many thanks for the link to the video of the Blackbird sound check!

Going from financial stuff to that video is a transition from the ridiculous to the sublime.

Regards,
Torg
by Torg Fadum
Sun Jan 04, 2009 1:27 pm
 
Forum: Personal Consumer Issues
Topic: Songs you've played the most...
Replies: 64
Views: 8944

Quicken 2007

Hello Piper, I have been using Quicken for years and am currently on Quicken 2007. I think it will do what you need. As noted above, it will also transfer the details to TurboTax to show the specific lots in your tax return if you want to do that rather than just putting in "Various." In t...
by Torg Fadum
Mon Sep 01, 2008 8:34 am
 
Forum: Investing - Help with Personal Investments
Topic: How do you keep track of tax lots?
Replies: 30
Views: 7667

Schwab PCRA Is Good

Hello Apprentice_941, Yes, the 0.15% fee is just a small nuisance, not like a 5.75% load or a $35 fee for a transaction-fee fund. I use the Schwab PCRA for most of my 401k holdings, and it is very convenient. On line transactions are easy, and phone customer support is very good (like all Schwab ser...
by Torg Fadum
Wed Jun 11, 2008 8:17 pm
 
Forum: Investing - Help with Personal Investments
Topic: Schwab Personal Choice Retirement Account - Any Experience?
Replies: 15
Views: 4068

Austin's Town Lake Hike & Bike Trail

Carl Z, Thanks for the tip about the Hike & Bike Trail. We just returned from a 3-day weekend in Austin for a couple of concerts. I spent about 2 hrs on the trail Saturday morning, and it was great. I've never seen so many people working out. Of course, this morning (Sunday) was not so nice, wit...
by Torg Fadum
Sun Apr 27, 2008 10:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: Fitness over fifty suggestions
Replies: 52
Views: 12568

OT for Unclemick: Concert was Fantastic

It was "1964 The Tribute" (#1 Beatles-tribute band in the world). Kind of a small crowd in the Uptown Theater, but the band was fantastic as always. We've seen them dozens of times, including the following night in Wichita. In addition to the Uptown Theater, other architecture there in KC ...
by Torg Fadum
Wed Sep 19, 2007 7:23 am
 
Forum: Investing - Theory, News & General
Topic: Whats so great about 1 million dollars?
Replies: 105
Views: 29652

Thanks Again, Unclemick

Just wanted to let you know we had a great dinner at Fiorella's Jack Stack BBQ in Kansas City last Friday. We ended up at the one on Wyandotte near 47th St. A lot of great food. In fact, we couldn't finish it all, which is unusual for me. However, we wanted to be able to "Twist & Shout"...
by Torg Fadum
Mon Sep 17, 2007 9:22 pm
 
Forum: Investing - Theory, News & General
Topic: Whats so great about 1 million dollars?
Replies: 105
Views: 29652

Thanks, Unclemick

Found it on the map. Looks only about a half-mile from our hotel. Thanks for the quick reply!

Regards,
Torg
by Torg Fadum
Sun Sep 09, 2007 6:29 pm
 
Forum: Investing - Theory, News & General
Topic: Whats so great about 1 million dollars?
Replies: 105
Views: 29652

OT for unclemick: BBQ in Kansas City

Could you recommend any BBQ or other good restaurants near the Uptown Theater at 3700 Broadway in Kansas City? I'm driving there from Oklahoma City for a concert on Friday (14 Sep) and may not have a lot of time....

Thanks in advance for any suggestions.

Regards,
Torg
by Torg Fadum
Sun Sep 09, 2007 1:47 pm
 
Forum: Investing - Theory, News & General
Topic: Whats so great about 1 million dollars?
Replies: 105
Views: 29652

Congrats on a Great Plan and Thanks to Your Son

Kathryn, I don't have much to add, but I do want to say that it is wonderful that you will be helping your son take advantage of the HERO act with a Roth IRA. That is awesome. I hope he and his buddies received good info about the HERO act. (If not, perhaps he could diplomatically spread the news.) ...
by Torg Fadum
Sun Sep 02, 2007 9:11 pm
 
Forum: Investing - Theory, News & General
Topic: Does a Non-deductible IRA ever make sense? Newbie questions
Replies: 21
Views: 4597

Hello Clay, Even if there is no prepayment penalty, the current loan balance is not the payoff amount because you still owe interest (probably from the first of the month) on the balance till the date your mortgage company receives the payoff funds from you. So, if were to select the 29th of the mon...
by Torg Fadum
Sun Aug 26, 2007 5:52 pm
 
Forum: Investing - Help with Personal Investments
Topic: Pros and cons of paying off current home mortgage?
Replies: 18
Views: 4934

Try Some 100-Meter Strides for a Little Variety

Hi Allan, I agree with Norm, naturally, on the variety. After you've built up to it, the longer run is probably the most beneficial. If you want to ease into some interval workouts, you could start by doing some 100-meter strides. Warm up first by doing a very slow jog for 10 minutes, then gradually...
by Torg Fadum
Mon Jul 16, 2007 11:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: AZrunner featured in Arizona Republic
Replies: 13
Views: 3571

Thanks, Norm & Good Luck, Allan

Hi Norm: great stuff! Hi Allan: I agree with Doug. You're well on your way. Don't push it too hard too soon. You're doing great already. Four months after knee surgery I had to start running all over again by alternating 100-meter jogs (really pathetic staggering) and 100-meter walks on the track. I...
by Torg Fadum
Sun Jul 15, 2007 9:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: AZrunner featured in Arizona Republic
Replies: 13
Views: 3571

Don't Have to Wait Till Age 18

Jim, since you were going to seed it at the end of the summer, you probably want to wait till he's 18 in September as a matter of convenience. However, if you want to you can open a Roth IRA for him (as a minor) now via a paper application. I did that for my oldest son about six years ago and later ...
by Torg Fadum
Wed Jun 20, 2007 9:37 pm
 
Forum: Investing - Help with Personal Investments
Topic: Setting up a retirement account for a teen
Replies: 28
Views: 10516

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