Search found 224 matches

by TravelforFun
Sat Aug 29, 2015 2:42 pm
Forum: Investing - Help with Personal Investments
Topic: Friend's proposed RMD strategy--A little different
Replies: 23
Views: 1662

Re: Friend's proposed RMD strategy--A little different

An interesting extreme example is what happens if the market drops so dramatically to the RMD value (e.g. goes down by 96%). In this case, you can remove everything from the TIRA. Then assume a miraculous recovery to its initial value and compare to the TIRA where RMD was removed before the market ...
by TravelforFun
Sat Aug 29, 2015 1:00 pm
Forum: Investing - Help with Personal Investments
Topic: Friend's proposed RMD strategy--A little different
Replies: 23
Views: 1662

Re: Friend's proposed RMD strategy--A little different

An interesting extreme example is what happens if the market drops so dramatically to the RMD value (e.g. goes down by 96%). In this case, you can remove everything from the TIRA. Then assume a miraculous recovery to its initial value and compare to the TIRA where RMD was removed before the market ...
by TravelforFun
Sat Aug 29, 2015 12:53 pm
Forum: Investing - Help with Personal Investments
Topic: Friend's proposed RMD strategy--A little different
Replies: 23
Views: 1662

Re: Friend's proposed RMD strategy--A little different

Jerry55 wrote: What I plan on doing is making monthly contributions into my 3 children's Roth IRA

Do all three children have earned income? If they don't, you can't contribute to their Roths.
by TravelforFun
Sat Aug 29, 2015 12:39 pm
Forum: Investing - Help with Personal Investments
Topic: Its not all about the money, thanks Bogleheads!
Replies: 4
Views: 757

Re: Its not all about the money, thanks Bogleheads!

I slept very well every night this week even though my portfolio went down 5%. I'm just grateful that I have a high level of tolerance for market swings.
by TravelforFun
Sat Aug 15, 2015 7:45 pm
Forum: Personal Consumer Issues
Topic: Free Windows 10 Upgrade, Yes or No?
Replies: 329
Views: 28229

Re: Free Windows 10 Upgrade, Yes or No?

Updated from Windows 7 a few days ago. Pros: ease of update, great appearance, multitasking windows. Cons: Cannot switch users (you have to log out), public folders are gone. More comments to come.
by TravelforFun
Sat Aug 08, 2015 5:24 pm
Forum: Personal Finance (Not Investing)
Topic: Who are you able to share good financial news with?
Replies: 103
Views: 8447

Re: Who are you able to share good financial news with?

Once a year, we update the listing of our assets and liabilities and email the list to our adult children. The list is very detailed as it includes our IRAs, Roth, 401K, HSA, checking, saving, credit card, and a car loan accounts, and names of financial institutions where the assets and liabilities ...
by TravelforFun
Sun Aug 02, 2015 8:22 pm
Forum: Personal Finance (Not Investing)
Topic: Which debt to work on next?
Replies: 31
Views: 2611

Re: Which debt to work on next?

Would you go borrow $53,000 and $57,000 at 1.5% in order to do after tax investing?. I did this many times when I was in my 30's and 40's. Credit card companies used to offer 0% interest, 12 - months cash advances and I took full advantage of many of those offers. This strategy worked out great for...
by TravelforFun
Sun Aug 02, 2015 1:27 am
Forum: Personal Finance (Not Investing)
Topic: Which debt to work on next?
Replies: 31
Views: 2611

Re: Which debt to work on next?

Would you go borrow $53,000 and $57,000 at 1.5% in order to do after tax investing? I certainly would! You could if you want get some pretty safe investments that beat that, but the return of a balanced investment of stocks and bonds would likely blow that away over that kind of time period. Not on...
by TravelforFun
Sat Aug 01, 2015 11:26 am
Forum: Personal Finance (Not Investing)
Topic: Which debt to work on next?
Replies: 31
Views: 2611

Re: Which debt to work on next?

Would you go borrow $53,000 and $57,000 at 1.5% in order to do after tax investing?. I did this many times when I was in my 30's and 40's. Credit card companies used to offer 0% interest, 12 - months cash advances and I took full advantage of many of those offers. This strategy worked out great for...
by TravelforFun
Thu Jul 23, 2015 2:38 pm
Forum: Investing - Help with Personal Investments
Topic: Roth IRA for children?
Replies: 23
Views: 1949

Re: Roth IRA for children?

It's also not clear whether or not paying family members for household chores counts as earned income: http://fairmark.com/retirement/roth-accounts/contributions-to-roth-accounts/roth-iras-for-minors/ I've read that article many times over the last several months. My grandson doesn't live with me. ...
by TravelforFun
Thu Jul 23, 2015 1:35 pm
Forum: Investing - Help with Personal Investments
Topic: Roth IRA for children?
Replies: 23
Views: 1949

Re: Roth IRA for children?

I pay my teenage grandson about $50 a week to mow my yard and work around the house. I also deposit into his Roth IRA account an amount that matches his earning (about $2K a year). He would receive a Form 1099-Misc from me every year and he has to pay taxes on his earning. Pretty simple process. Yo...
by TravelforFun
Thu Jul 23, 2015 1:08 pm
Forum: Investing - Help with Personal Investments
Topic: Roth IRA for children?
Replies: 23
Views: 1949

Re: Roth IRA for children?

I pay my teenage grandson about $50 a week to mow my yard and work around the house. I also deposit into his Roth IRA account an amount that matches his earning (about $2K a year). He would receive a Form 1099-Misc from me every year and he has to pay taxes on his earning. Pretty simple process. You...
by TravelforFun
Mon Jul 20, 2015 1:28 pm
Forum: Investing - Help with Personal Investments
Topic: Should I invest my HSA?
Replies: 13
Views: 1647

Re: Should I invest my HSA?

I view HSA as an IRA on steriods... - Income and FICA tax free on the way in This may not be true. The below comes from another thread: 'If you contribute to your HSA through a payroll deduction, the money is excluded from both income taxes and FICA taxes. For example, if you contribute $1,000 thro...
by TravelforFun
Mon Jul 20, 2015 1:23 pm
Forum: Investing - Help with Personal Investments
Topic: Should I invest my HSA?
Replies: 13
Views: 1647

Re: Should I invest my HSA?

[quote="packet I view HSA as an IRA on steriods... - Income and FICA tax free on the way in[/url][/quote] This may not be true. The below comes from another thread: 'If you contribute to your HSA through a payroll deduction, the money is excluded from both income taxes and FICA taxes. For examp...
by TravelforFun
Sun Jul 19, 2015 11:33 pm
Forum: Personal Finance (Not Investing)
Topic: A retiree's personal experience...
Replies: 39
Views: 8204

Re: A retiree's personal experience...

Peter Foley wrote:We live modestly, a habit that is hard to break. Maybe we will start flying first class . . .

Start flying first class or your heirs will. :happy
by TravelforFun
Sun Jul 19, 2015 3:10 pm
Forum: Investing - Help with Personal Investments
Topic: How do you allocate assets in an HSA (if you don't know when you'll need the money)
Replies: 20
Views: 1031

Re: How do you allocate assets in an HSA (if you don't know when you'll need the money)

If I didn't have a HSA, then I would just withdraw from my retirement portfolio to pay medical expenses not paid by insurance. Therefore, I just include the HSA in my overall portfolio asset allocation. Since my overall portfolio allocation calls for a little bit of short-term corporate bond index ...
by TravelforFun
Sun Jul 19, 2015 8:16 am
Forum: Personal Finance (Not Investing)
Topic: A retiree's personal experience...
Replies: 39
Views: 8204

Re: A retiree's personal experience...

Retired at 64 in early 2012. SS at 65. Wife retired in 2011 at 49. The bull has been extremely kind and our $ withdrawn has steadily increased to the current 3.2%. I'm writing this AM from the Amsterdam Hilton. Germany, Austria, Slovakia, Hungary and the Czech Republic to follow. When we get back I...
by TravelforFun
Fri Jul 17, 2015 7:38 am
Forum: Personal Finance (Not Investing)
Topic: Convert IRA to Roth While Working to Save on Taxes
Replies: 15
Views: 1171

Re: Convert IRA to Roth While Working to Save on Taxes

I don't know whether to say congratulations for having a job you love enough to work till 70 or condolences you don't have enough money to retire. I accept your congratulations. I love what I do. By 40% bracket, do you mean 39.6% federal? Or 40% due to increased SS taxation? Or some other phaseout?...
by TravelforFun
Thu Jul 16, 2015 10:57 pm
Forum: Investing - Help with Personal Investments
Topic: Pulling equity out of home to invest?
Replies: 71
Views: 5070

Re: Pulling equity out of home to invest?

What do the experts have to say about the idea of pulling equity out of your home to invest (in perhaps stocks / bonds, real estates)? Yeah it carries risk, but good or bad idea? I don't have a problem with that as long as you maintain your asset allocation (AA) goal. I paid off my home a few years...
by TravelforFun
Thu Jul 16, 2015 10:45 pm
Forum: Personal Finance (Not Investing)
Topic: Convert IRA to Roth While Working to Save on Taxes
Replies: 15
Views: 1171

Re: Convert IRA to Roth While Working to Save on Taxes

Your strategy is sound. I don't know if anybody is in the exact same situation, but many of us are in similar situations, converting to Roths early to avoid RMDs bumping us out of the 15% bracket. I'm in the RMD stage of my life now, and because I did conversions over many years I've moved enough o...
by TravelforFun
Thu Jul 16, 2015 10:31 pm
Forum: Personal Finance (Not Investing)
Topic: Convert IRA to Roth While Working to Save on Taxes
Replies: 15
Views: 1171

Convert IRA to Roth While Working to Save on Taxes

We're married-joint-filers, my wife is retired but I'm still working, and my lone salary puts us in the 28% tax bracket. The conventional thinking is that one should wait until after retirement to withdraw from IRA because by then one should be in a lower tax bracket. Not true for everyone! I plan t...
by TravelforFun
Sat Jul 11, 2015 11:36 am
Forum: Personal Consumer Issues
Topic: Facebook's malware scan- legitimate or malware? Invasive?
Replies: 42
Views: 2797

Re: Facebook's malware scan- legitimate or malware? Invasive?

Nope. I use FB everyday and haven't run into this.
by TravelforFun
Thu Jul 09, 2015 12:45 pm
Forum: Personal Finance (Not Investing)
Topic: San Francisco Bound - Need Salary Advice
Replies: 55
Views: 5401

Re: San Francisco Bound - Need Salary Advice

SDBoggled wrote:* Beware of partner you might attract with showy, outward high $$$ expenditure. Early retirement folk wisdom is that a Live Below Your Means Partner is one of the keys to their "success" :-)

The biggest key to your financial success IMO.
by TravelforFun
Sun Jul 05, 2015 10:14 am
Forum: Personal Finance (Not Investing)
Topic: Borrowing money from my 401k
Replies: 26
Views: 2052

Re: Borrowing money from my 401k

OP, spell check your posts on here, your emails and correspondence at work. It may help raising your income and and hence, reducing your debts.
by TravelforFun
Mon Jun 29, 2015 3:39 pm
Forum: Personal Finance (Not Investing)
Topic: Rules of Social Security
Replies: 13
Views: 1655

Rules of Social Security

I was reading an article on the rules of Social Security and it said one of the rules was: "29. If you choose to file and suspend in order to enable your spouse to collect a spousal benefit on your earnings record while you delay taking your benefit in order to collect a higher one later, make ...
by TravelforFun
Thu Jun 25, 2015 11:32 pm
Forum: Personal Consumer Issues
Topic: 2014 Lexus ES350
Replies: 37
Views: 3970

Re: 2014 Lexus ES350

I have a 2015 Lexus ES350 and absolutely love it! My other car is a 2010 Lexus RX350.
by TravelforFun
Sun Jun 14, 2015 1:01 pm
Forum: Personal Finance (Not Investing)
Topic: Chase bonus. Why?
Replies: 21
Views: 3322

Re: Chase bonus. Why?

You could get up to $2,500 from Fidelity if you opened an account with them right now. I frequently rotate money from place to place to get the bonus.
by TravelforFun
Wed Jun 10, 2015 12:56 pm
Forum: Personal Finance (Not Investing)
Topic: Inheritance and Economic Outpatient Care for a Boglehead
Replies: 70
Views: 5190

Re: Inheritance and Economic Outpatient Care for a Boglehead

Minus 10%. Received no help but I'm now helping parents, kids, and grandkids.
by TravelforFun
Sat May 30, 2015 9:44 am
Forum: Personal Finance (Not Investing)
Topic: Housing Market in SoCal
Replies: 55
Views: 5956

Re: Housing Market in SoCal

I would rather live in a shack in SD than a mcmansion in DFW OP - same, if not worse situation up here. We rent cheaply, enjoy our long weekends away from home and try to max our savings. When retirement comes we hope to rent for months throughout the world and find a cheap home base somewhere, but...
by TravelforFun
Mon May 11, 2015 1:41 pm
Forum: Personal Consumer Issues
Topic: New wall mount--Upgrade to new, lighter model TV?
Replies: 5
Views: 508

Re: New wall mount--Upgrade to new, lighter model TV?

They make supports that can suspend TVs from ceiling.
by TravelforFun
Sun May 03, 2015 1:23 pm
Forum: Investing - Help with Personal Investments
Topic: Help with Retirement Options......
Replies: 15
Views: 1701

Re: Help with Retirement Options......

I would take Option 2 (lump sum) because: 1) Bird in the hand. Capture it now, 2) Your money would continue to grow since you only need to withdraw 2.5 % a year, 3) if you died early, your heirs would get to keep the lump summoney, 3) if you lived a long time, more time for your money to grow.
by TravelforFun
Thu Apr 30, 2015 10:46 am
Forum: Investing - Theory, News & General
Topic: Retirees - What would you have done differently?
Replies: 48
Views: 7008

Re: Retirees - What would you have done differently?

Borrow more money when there is/was an interest rate inversion. This is a highly speculative move but hugely rewarding if done with knowledge. :annoyed Agree! 25 years ago credit card companies were offering 12-18 month 0% interest cash advances left and right and I took advantage of several of tho...
by TravelforFun
Mon Apr 27, 2015 6:58 pm
Forum: Personal Consumer Issues
Topic: “Entry level” luxury cars under 40k
Replies: 99
Views: 11066

Re: “Entry level” luxury cars under 40k

Has anyone mentioned Lexus? We bought a brand new ES350 a couple of weeks ago and absolutely love it.
by TravelforFun
Wed Apr 01, 2015 11:39 am
Forum: Investing - Help with Personal Investments
Topic: Financecruiser intro
Replies: 4
Views: 693

Re: Financecruiser intro

Financecruiser wrote: I managed to hit $100k net worth the month of my 27th bday last year. Awesome feeling, so I set huge target of $1M by 37. g

Increasing your net worth ten times within a span of 10 years is going to be a huge goal. Some of us are lucky to be able to double our net worth in 7 or 8 years.
by TravelforFun
Sat Mar 28, 2015 11:07 am
Forum: Personal Consumer Issues
Topic: Will you buy an Apple Watch?
Replies: 444
Views: 36046

Re: Will you buy an Apple Watch?

reneeh63 wrote:
...truth is that there have been numerous attempts to market and sell "smart watches" and they have not succeeded.

They will not succeed until the porn industry figures out how to use them. :idea:
by TravelforFun
Thu Mar 19, 2015 8:50 am
Forum: Personal Finance (Not Investing)
Topic: Long Term Care Insurance Premium Increase
Replies: 20
Views: 1622

Re: Long Term Care Insurance Premium Increase

Mitchell777 wrote:Does inflation adjusted mean the policy is $7K per month at purchase and the $7K is adjusted for inflation each year even though you are not yet using it? Thanks

My monthly benefit would be adjusted for inflation each year whether or not I am receiving the benefit payments.
by TravelforFun
Thu Mar 19, 2015 7:32 am
Forum: Personal Finance (Not Investing)
Topic: Long Term Care Insurance Premium Increase
Replies: 20
Views: 1622

Re: Long Term Care Insurance Premium Increase

island wrote:Who do you all purchase your insurance from, what's the company?

Unum through my previous employer.
by TravelforFun
Wed Mar 18, 2015 11:17 pm
Forum: Personal Finance (Not Investing)
Topic: Long Term Care Insurance Premium Increase
Replies: 20
Views: 1622

Long Term Care Insurance Premium Increase

My LTC Insurance Company notified me today that they will increase my premium by 25% in May, 25% next May, and 20% in May 2017. Has anyone on this forum experienced such a sharp premium increase? We've been paying $250 a month for our policy which would cover LTC for both of us for 3 years at $7,000...
by TravelforFun
Mon Mar 16, 2015 11:21 pm
Forum: Personal Consumer Issues
Topic: One Level or Two Level House
Replies: 68
Views: 6728

Re: One Level or Two Level House

I have a two-story home and all the bedrooms are upstairs. Kitchen is downstairs but bedrooms and library are upstairs and that gives me a great way to exercise. I go up and down that stairs at least 30 times a day when I'm not at work. I may have a different opinion 20 years from now but for now, I...
by TravelforFun
Mon Mar 16, 2015 6:20 pm
Forum: Personal Finance (Not Investing)
Topic: Buying Euro for Vacations?
Replies: 33
Views: 3026

Re: Buying Euro for Vacations?

jose wrote:
Pick a good debit card that charges no ATM or FX fees, and just go to the ATM. You can get about 600 eur per day, at interbank rate, no fees.

Which debit cards that charge no ATM nor transaction fees overseas?
by TravelforFun
Sun Mar 15, 2015 3:05 pm
Forum: Personal Finance (Not Investing)
Topic: If I Knew Then What I Know Now
Replies: 61
Views: 13349

Re: If I Knew Then What I Know Now

Mlelbuf, I posted your speech verbatim on my Facebook page and it has been shared or reposted several times. Great job!
by TravelforFun
Sun Mar 15, 2015 3:01 pm
Forum: Personal Consumer Issues
Topic: Cruise.Com Bait and Switch Tactics
Replies: 28
Views: 3310

Re: Cruise.Com Bait and Switch Tactics

I use Costco when I book cruises. Fair prices and GREAT customer service.
by TravelforFun
Fri Mar 13, 2015 2:26 pm
Forum: Personal Finance (Not Investing)
Topic: Buying Euro for Vacations?
Replies: 33
Views: 3026

Re: Buying Euro for Vacations?

I just bought enough Euros for our next two trips. From where? Unless you're already in Europe and can simply withdraw excess cash from an ATM over several days prior to leaving, you're likely looking at forex fees that could wipe out the "discount". Yes, please tell me where. From my ban...
by TravelforFun
Fri Mar 13, 2015 12:35 pm
Forum: Personal Finance (Not Investing)
Topic: Buying Euro for Vacations?
Replies: 33
Views: 3026

Re: Buying Euro for Vacations?

We go to Europe every couple of years. Last year we paid $1.25 for each Euro and now it's about $1.08. I just bought enough Euros for our next two trips.
by TravelforFun
Thu Mar 12, 2015 11:07 pm
Forum: Personal Consumer Issues
Topic: What won't you pay with Credit Card?
Replies: 77
Views: 10198

Re: What won't you pay with Credit Card?

I pay for everything with one of my two credit cards unless they charge a fee for using them. Amex for Costco stuff and Barclay Arrival for everything else. Love the Barclay one.
by TravelforFun
Sun Mar 08, 2015 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: Loaning money to an only child
Replies: 17
Views: 1630

Re: Loaning money to an only child

We don't lend money to our kids. We would give them what we could but no loans and no cosignings. It all boils down to whether they are responsible with money or not. If they are responsible, they will get out of debt without anyone's help. If they're not, credit card balance will re-appear and they...
by TravelforFun
Sun Mar 08, 2015 12:19 pm
Forum: Personal Finance (Not Investing)
Topic: WSJ article about boosting retirement income by approx. 30%
Replies: 8
Views: 1930

Re: WSJ article about boosting retirement income by approx.

So whenever we do sell, the profits (hopefully the $500k tax-free situation will still hold) will just go into the pot, for investment, a few laddered SPIA's and modest deferred annuities, and "income for living each year", in addition to SS (and part time consulting while interest and ab...
by TravelforFun
Sat Mar 07, 2015 12:30 am
Forum: Personal Finance (Not Investing)
Topic: When will / did you claim Social Security benefits?
Replies: 152
Views: 14372

Re: When will / did you claim Social Security benefits?

Nothing that can't be solved by a spreadsheet. Wife is 4 years younger than me, her SS benefit is less than 1/2 of mine, her family longevity is longer than mine, and we have sufficient investment to live on without relying on SS. Put all those factors into the spreadsheet and it spits out this stra...
by TravelforFun
Sat Mar 07, 2015 12:00 am
Forum: Investing - Help with Personal Investments
Topic: What is your credit score?
Replies: 63
Views: 8480

Re: What is your credit score?

dccboone wrote:A credit score is not a sign of wealth.

True but one's credit score can tell a lot about how financially responsible one is.
by TravelforFun
Fri Mar 06, 2015 12:47 pm
Forum: Personal Finance (Not Investing)
Topic: 2 comma club (my way)!!
Replies: 49
Views: 8813

Re: 2 comma club (my way)!!

Congratulations to the OP and spouse! Took us 30 years to make the club on one income starting with nothing. No lottery winning nor inheritance along the way.

Go to advanced search