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Re: Short-term Bond Index Fund

I'm using it for part of my emergency funds, not sure why anymore. It used to be the thing to do, like GNMA. :|
by caroljm36
Wed Apr 23, 2014 1:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Short-term Bond Index Fund
Replies: 14
Views: 1584

Re: Where would you retire, if $ were no object?

Laguna-Balboa area, or San Francisco.
by caroljm36
Wed Apr 23, 2014 1:26 pm
 
Forum: Personal Consumer Issues
Topic: Where would you retire, if $ were no object?
Replies: 60
Views: 3159

Re: The reverse world of retirement investing

Read it the other day, who is retired and would be a 100% stocks and 5% withdraw rate :oops: John Rabid Ramseyites would be 100% stocks, but that's not nearly as much as Dave Ramsey promises his followers that they can withdraw. Dave advocates investing only in equities, and tells his followers the...
by caroljm36
Tue Apr 22, 2014 6:55 pm
 
Forum: Investing - Theory, News & General
Topic: The reverse world of retirement investing
Replies: 34
Views: 4008

Re: The slackening...

I've noticed in particular the children of very rich or famous to tend to have "problems" or at least underwhelming achievements. I'm thinking of musicians now but it could be any line of work. I wonder if the intense focus of the parent on things other than family (business, art, politics...
by caroljm36
Sun Apr 13, 2014 7:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: The slackening...
Replies: 61
Views: 6533

Re: Medicare - wanting basic info, choices, checklist

There is a three month window to sign up, before your birthday, and I think a three month period after as well. I signed up as soon as I was within the 3 month period so didn't really consider the latter. There is plenty of info at medicare.gov but also there is probably an aging services agency in ...
by caroljm36
Tue Apr 08, 2014 6:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: Medicare - wanting basic info, choices, checklist
Replies: 7
Views: 360

Re: Laid off today... TODO list?

Could this be any more snarky? I was the acknowledged best in my job title and still got laid off for 6 months before they called and asked me to come back to work. At over 60 years of age all of my attempts to gain employment elsewhere failed. Ok...then my post wasn't about you, and I'm sorry for ...
by caroljm36
Sun Apr 06, 2014 6:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: Laid off today... TODO list?
Replies: 97
Views: 9697

Re: Delaying Social Security - best long-term investment?

caroljm36, it confused me, too, but I concluded that it was just an error on Kitce's part and that he really intended for that "62" to be "70". Try that, and it will make sense. gee, I shouldn't have to make a leap like that...aren't these articles edited? Anyway, 65 and still h...
by caroljm36
Sun Apr 06, 2014 11:53 am
 
Forum: Investing - Theory, News & General
Topic: Delaying Social Security - best long-term investment?
Replies: 78
Views: 3759

Re: Delaying Social Security - best long-term investment?

Well it didn't take me long to get confused! The “breakeven” period with these assumptions is just over 22 years; or stated another way, for the individual who chooses to delay until age 62, it takes until beyond age 84 just to recover the economic value of having waited. How can you "delay&quo...
by caroljm36
Sun Apr 06, 2014 10:37 am
 
Forum: Investing - Theory, News & General
Topic: Delaying Social Security - best long-term investment?
Replies: 78
Views: 3759

Re: Laid off today... TODO list?

rixer wrote:
siamond wrote:

It's my understanding that your company has to pay 65% of the cobra bill for a certain number of months. check into that.


Wow, that's not what happened to me. I had to pay about 105% of actual cost after they put me on part time last year.
by caroljm36
Wed Apr 02, 2014 6:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: Laid off today... TODO list?
Replies: 97
Views: 9697

Re: Laid off today... TODO list?

You got a severance and you're able to draw unemployment. With only a year to go for your planned early retirement, some people would draw unemployment until it runs out and then retire. That's my plan. I got laid off in February and it was the happiest day of my life. :sharebeer Now I am on UE but...
by caroljm36
Wed Apr 02, 2014 6:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: Laid off today... TODO list?
Replies: 97
Views: 9697

Re: Morningstar Discussion On Roth Conversions

I didn't have a Roth until recently because I was convinced that option was meant for people who make decent money, whereas I was always in the 30k club. Maybe it was because of the examples used in the media: "say husband A and wife B together earn $160,000 a year.." LOL! are you kidding?...
by caroljm36
Mon Mar 24, 2014 7:10 pm
 
Forum: Investing - Theory, News & General
Topic: Morningstar Discussion On Roth Conversions
Replies: 11
Views: 1142

Re: Can Employer Limit 401K Contribution?

Yes I was limited to 15% for years, and no way was I a high earner! then I discovered the limit had been raised..the news was buried in yet another wordy semiannual missive from HR. (Word economy, people!) Needless to say I jumped in with both feet and got to 35% one year.
by caroljm36
Fri Mar 14, 2014 7:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can Employer Limit 401K Contribution?
Replies: 17
Views: 1575

Re: Purchasing physical gold??

I went to a local coin shop that has been here for years. They look up spot price right there and sell me a mint Eagle or Maple Leaf or K-rand in a plastic case for 50 over spot usually. Then I sell it back to them for spot. But we have no sales tax here and I never bought large quantities.
by caroljm36
Wed Mar 12, 2014 5:16 pm
 
Forum: Personal Consumer Issues
Topic: Purchasing physical gold??
Replies: 45
Views: 4251

Re: Poll: When did you retire? Would you do it all over agai

Forcibly retired at 65 a month ago, and lovin it. I kinda vegged out for a few weeks, but now the music business is picking up and everyone wants me for something or other.

What gets me is others' response. They seem dismayed, or something. Isn't 65 kind of a normal age to retire? :confused
by caroljm36
Tue Mar 11, 2014 11:12 pm
 
Forum: Investing - Theory, News & General
Topic: Poll: When did you retire? Would you do it all over again ?
Replies: 103
Views: 10707

Re: How did you get through the market crash in 08-09

In Sep 2007 I discovered housing bubble blogs and boy was that ever interesting reading! It seemed like the same thing was happening everywhere...I got so alarmed that after the first dip in October I swept everything into mmkt accounts. I had recently reached 100k, the job was shaky, 10 years from ...
by caroljm36
Mon Mar 10, 2014 7:41 pm
 
Forum: Investing - Theory, News & General
Topic: How did you get through the market crash in 08-09
Replies: 104
Views: 5453

Re: 5 year rule when original Roth was closed

Note that the 5 year clock cannot start with an excess contribution, whether the excess has been corrected or not. The 5 year holding period starts with the first contribution that is not an excess regular contribution or a failed conversion before 2010. Uh oh...my Roth began with an excess contrib...
by caroljm36
Sat Mar 08, 2014 5:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: 5 year rule when original Roth was closed
Replies: 11
Views: 526

Re: 5 year rule when original Roth was closed

So, to clarify for me as I am a little foggy this morning, I can convert 10,000 to the Roth I opened in 2009 and then pull it back out next year with no penalty? Granted it won't have earned much in that time.
by caroljm36
Sat Mar 08, 2014 2:21 pm
 
Forum: Personal Finance (Not Investing)
Topic: 5 year rule when original Roth was closed
Replies: 11
Views: 526

Re: Get ready for the Dow at 6,000 by 2016: Pro

These "pros" tend to predict what already happened in the recent past. Not really a prediction then is it?
by caroljm36
Tue Mar 04, 2014 4:49 pm
 
Forum: Investing - Theory, News & General
Topic: Get ready for the Dow at 6,000 by 2016: Pro
Replies: 46
Views: 4507

Re: How Much of Tax Refund Do You Save/Spend..??

Ours goes straight to the property tax fund. Tax refund goes to first half, and I save up some of my side money for the second half.
by caroljm36
Sun Mar 02, 2014 5:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: How Much of Tax Refund Do You Save/Spend..??
Replies: 68
Views: 2420

Re: Use of tax software for planning

Is the software helpful or are there better ways of addressing this? I can't think of anything better. We use tax software (in our case HR Block/aka TaxCut) all the time for this purpose. It's going to be all set up from doing your 2013 income tax already so you can just save that as a WhatIf-2014 ...
by caroljm36
Sat Mar 01, 2014 12:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Use of tax software for planning
Replies: 17
Views: 1137

Re: Advice on paying tax on side income

Just for your future reference, the IRS considers satisfaction of a debt on your behalf by a third party to be income to you.
by caroljm36
Wed Feb 26, 2014 12:28 am
 
Forum: Personal Finance (Not Investing)
Topic: Advice on paying tax on side income
Replies: 19
Views: 898

Re: Wellesley's income

pshonore wrote:
caroljm36 wrote:share price is now 60 fwiw, so 25 is not ballpark

That would be the Admiral class shares. Investor share are approx $25


wow, didn't realize they were so different!
by caroljm36
Mon Feb 24, 2014 12:01 pm
 
Forum: Investing - Theory, News & General
Topic: Wellesley's income
Replies: 21
Views: 3053

Re: Wellesley's income

share price is now 60 fwiw, so 25 is not ballpark
by caroljm36
Mon Feb 24, 2014 11:42 am
 
Forum: Investing - Theory, News & General
Topic: Wellesley's income
Replies: 21
Views: 3053

Re: Why bad/expensive 401(k)s will likely always be with us

You can never underestimate the lack of interest in financial investments. It's as if the average person didn't like money. I think it's more that the average person spends too much money and does not have "enough" to invest. The people I'm thinking of have plenty, but absolutely freeze u...
by caroljm36
Tue Feb 18, 2014 11:32 am
 
Forum: Personal Finance (Not Investing)
Topic: Why bad/expensive 401(k)s will likely always be with us
Replies: 116
Views: 7701

Re: Why bad/expensive 401(k)s will likely always be with us

You can never underestimate the lack of interest in financial investments.

It's as if the average person didn't like money.
by caroljm36
Mon Feb 17, 2014 6:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: Why bad/expensive 401(k)s will likely always be with us
Replies: 116
Views: 7701

Re: suddenly I'm not sure I understand the spousal SS benefi

Here are the official eligibility requirements for spousal benefits: http://www.ssa.gov/OP_Home/cfr20/404/404-0330.htm Note paragraph (d) which states that you must not be "entitled to an old-age or disability benefit based upon a primary insurance amount that is equal to or larger than the fu...
by caroljm36
Mon Feb 17, 2014 6:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: suddenly I'm not sure I understand the spousal SS benefit
Replies: 2
Views: 434

suddenly I'm not sure I understand the spousal SS benefit

Since reading Bogleheads it's been my plan to file for spousal at 66 and let my own build until 70. I thought understood how it worked but now I am not so sure because saw this statement at SSA.gov: If a spouse is eligible for a retirement benefit based on his or her own earnings, and if that benefi...
by caroljm36
Mon Feb 17, 2014 6:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: suddenly I'm not sure I understand the spousal SS benefit
Replies: 2
Views: 434

Re: Do you balance your checking account?

I don't know how to answer. I go online, check off the checks that have cleared, along with all debits, and compare the bank's balance with mine.
by caroljm36
Sun Feb 16, 2014 4:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do you balance your checking account?
Replies: 114
Views: 4921

Re: Another medical billing surprise-Colonosocopy

Contrast that with some private insurance..colonoscopies not covered unless indicated for some symptom. At least at the time I had mine done 5 years ago.

The ACA may have changed that but I'm on Medicare now.
by caroljm36
Fri Feb 14, 2014 11:28 am
 
Forum: Personal Finance (Not Investing)
Topic: Another medical billing surprise-Colonosocopy
Replies: 41
Views: 4033

Re: Umm....anyone else notice aggressive new online ads?

macchiato wrote:This is called "retargeting.". You may have searched for a quote of a penny stock, or visited a website related to penny stocks. Its an algorithm and just personalization. Highly doubt it's malware.


Me, penny stocks? No way. But something's definitely got ahold of my laptop.
by caroljm36
Sun Feb 09, 2014 8:15 pm
 
Forum: Personal Consumer Issues
Topic: Umm....anyone else notice aggressive new online ads?
Replies: 14
Views: 1002

where to download Open Office?

I'm finally persuaded that I should switch to Open Office, but now I can't find a place to download it due to malware, including at cnet which used to be pretty reliable and openoffice.org. It seems the whole Internet had become quite predatory of late..is there any way to download these apps withou...
by caroljm36
Sun Feb 09, 2014 8:13 pm
 
Forum: Personal Consumer Issues
Topic: where to download Open Office?
Replies: 11
Views: 1108

Umm....anyone else notice aggressive new online ads?

Just in the last 2-3 days I've seen ads online here and every other site I visit - Penny Stock Picks in a new left sidebar, and if you click on X to get rid of it, it takes you to a new ad page...and now a video pops in the right sidebar - here and on other sites? Who's doing this, Firefox or Google...
by caroljm36
Sun Feb 09, 2014 7:52 pm
 
Forum: Personal Consumer Issues
Topic: Umm....anyone else notice aggressive new online ads?
Replies: 14
Views: 1002

Re: Going all into Emerging Markets

lazyday wrote:
Reminds me of a druggie forum I once chanced upon. Every post was like that, I suppose by forum policy. "The kid next door tried some green hoppers, and was wondering if..."


Ahem, my cat visited that site and told me there is a very good legal reason why they do it that way. :P
by caroljm36
Fri Feb 07, 2014 5:52 pm
 
Forum: Investing - Help with Personal Investments
Topic: Going all into Emerging Markets
Replies: 63
Views: 5826

Re: Lost 8606 form from old tax return

Basis is the amount of non deductible contributions in your IRA. You report them on Part I of Form 8606. Then when you take IRA distributions, the % of your IRA balance represented by the basis is not taxed. The calculation is also made on Form 8606. Whew, what a headache it would be to track contr...
by caroljm36
Thu Feb 06, 2014 9:56 am
 
Forum: Personal Finance (Not Investing)
Topic: Lost 8606 form from old tax return
Replies: 8
Views: 774

Re: Lost 8606 form from old tax return

You will also need to know the basis when you start taking distributions from traditional IRAs. The basis will reduce the amount of tax due, so if you can't substantiate it, it will cost you more in taxes. . By basis, do you mean the total amount I contributed over the years or just the amount that...
by caroljm36
Wed Feb 05, 2014 11:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Lost 8606 form from old tax return
Replies: 8
Views: 774

Lost 8606 form from old tax return

Since I just got laid off and probably will not look for a new job, I might do some Roth conversions this year. I'm working on my 2013 taxes, I looked for where a conversion would be reported next year and couldn't figure out what code to use and the IRS instructions were no help. Also when I resear...
by caroljm36
Wed Feb 05, 2014 4:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: Lost 8606 form from old tax return
Replies: 8
Views: 774

Re: Buying the most expensive house you can afford

I heard that when I was looking to buy my first house in 1990. I was cautious and bought a dump in town for 21k because I knew I could pay for it even if I wasn't working. It was a dump but I loved it. I was in town, close to everything, no septic or sump pumps or rural mail boxes...sometimes I wish...
by caroljm36
Mon Feb 03, 2014 7:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Buying the most expensive house you can afford
Replies: 101
Views: 7592

Re: Living in retirement: 7 things I wish I could tell mysel

Many years back, an older physician gave even more succinct advice to his younger colleagues: "Stay married to one woman", and "Drive no more than one fancy car". An Army vet told my stepson at boot graduation, "Don't spend all your pay and don't marry the first girl who ta...
by caroljm36
Mon Feb 03, 2014 4:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: Living in retirement: 7 things I wish I could tell myself...
Replies: 47
Views: 8367

Re: Another Social Security spin......

I have no pension and my family is long-lived, so I will wait til 70. I figure if I die "young" I won't miss the SS money anyway. Actually I would be kind of proud if I never took it. Anyway, I sleep easier knowing that larger SS is out there for me eventually. People like to talk as if we...
by caroljm36
Sat Feb 01, 2014 7:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: Another Social Security spin......
Replies: 48
Views: 2954

Re: thinking about retiring and living on my IRA

well that ORP calculator shows me a pretty awesome retirement, starting a week from today. :happy

it shows me using up my roth quickly, then doing some conversions when the house is sold 10 years from now.

as I wrote initially, our tax bracket teeters between 10 and 15 the time.
by caroljm36
Mon Jan 27, 2014 10:30 am
 
Forum: Personal Finance (Not Investing)
Topic: thinking about retiring and living on my IRA
Replies: 17
Views: 2749

Roth conversion when not working - I'm so confused

I am pondering a comment by curmudgeon to my post about retiring next week when I turn 65, and living on my IRA until taking spousal SS at 66 and my own at 70. It's an old thread and I don't want to resurrect it so here's what curmudgeon said: Everything you withdraw from your IRA will count as taxa...
by caroljm36
Sat Jan 25, 2014 11:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: thinking about retiring and living on my IRA
Replies: 17
Views: 2749

Re: What's your one big takeaway from the Crash of 2008?

In sept of 2007 I discovered a housing bear site and grew so alarmed at all the local news stories and on-the-ground observations by the commenters that I put everything in cash equivalents in November. It seemed like a no brainer. I hung out like that nearly 3 years, and kick myself for now for not...
by caroljm36
Tue Jan 21, 2014 1:44 pm
 
Forum: Investing - Theory, News & General
Topic: What's your one big takeaway from the Crash of 2008?
Replies: 300
Views: 42795

Re: Staying the course which watching CNBC

Compared to our juvenile local news, and network info-tainment, CNBC actually seems grownup. That's how bad TV has gotten.
by caroljm36
Sun Jan 19, 2014 10:22 pm
 
Forum: Investing - Help with Personal Investments
Topic: Staying the course which watching CNBC
Replies: 23
Views: 1872

Re: Did you have a Lousy Job as a teen / young adult?

I worked for 5 weeks at a record album jacket factory in hollywood . It was dirty, noisy, the sup yelled at me all the time and it paid 1.10/hr. I placed the cardboard backing in the liner notes paper. as I got better the sup cranked the belt up faster. years later my transcripts showed I re-enrolle...
by caroljm36
Sat Jan 18, 2014 12:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: Did you have a Lousy Job as a teen / young adult?
Replies: 127
Views: 4835

Re: Biggest regrets in your life in financial investment?

Making two awesome stock selections, selling for what I thought was a nice profit, and now...two years later...seeing BOTH of them up, wait for it...eight fold. [sigh] Same here, in 2009 I bought Ford at $4, sold at $8, considered buying C too and now look at it. :oops: That year was a great opport...
by caroljm36
Thu Jan 16, 2014 1:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: Biggest regrets in your life in financial investment?
Replies: 101
Views: 7196

Re: Employer 401k no longer matching. What to do?

The nice thing about a 401k is the automation. That money is taken out automatically from every check, before taxes, without you ever having to think about it, or change your mind. That happens month in and month out, year in and year out, regardless of what's going on in your life or the markets. ...
by caroljm36
Wed Jan 15, 2014 7:55 pm
 
Forum: Investing - Help with Personal Investments
Topic: Employer 401k no longer matching. What to do?
Replies: 36
Views: 1378

Re: WD'ing 401K after age 59.5. The rules again?

My husband's 401k was at Principal and it took For.Ever. to get it rolled over. She should start the process ASAP.
by caroljm36
Wed Jan 15, 2014 3:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: WD'ing 401K after age 59.5. The rules again?
Replies: 3
Views: 440

Re: When to start social security

I didn't read that article before my reply yesterday, but I'm reading it now. The article doesn't seem to have a DATE on it, so it's hard to know what the parameters were when it was written. . You can see by the format that the page is pretty old..the copyright notice is up to date, but the page w...
by caroljm36
Sun Jan 12, 2014 6:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: When to start social security
Replies: 30
Views: 1803

Re: BluRay to stream video - is DSL/wifi fast enough?

We dealt with this a bit at Christmas at my parents house. They have 1.5 DSL. They got a sony bluray player to stream. It works fantastic for amazon and YouTube. But you cannot stream netflix on a sony bluray player unless your DSL speed is at least 2.5. I spent about four hours chatting and on the...
by caroljm36
Sun Jan 12, 2014 5:13 pm
 
Forum: Personal Consumer Issues
Topic: BluRay to stream video - is DSL/wifi fast enough?
Replies: 23
Views: 1363

BluRay to stream video - is DSL/wifi fast enough?

My husband and I have really been enjoying movies together lately, and now I'm thinking of going back to Netflix streaming services using a Bluray DVD which I don't have yet. I can get a basic Sony player for $69 or for 89 get one with wifi, which would spare us the hassle of bringing the DSL connec...
by caroljm36
Sun Jan 12, 2014 3:31 pm
 
Forum: Personal Consumer Issues
Topic: BluRay to stream video - is DSL/wifi fast enough?
Replies: 23
Views: 1363
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