Search found 4626 matches

by cheese_breath
Tue Jun 30, 2015 7:32 pm
Forum: Personal Finance (Not Investing)
Topic: How to predict state taxes to help decide where to live
Replies: 11
Views: 549

Re: How to predict state taxes to help decide where to live

And don't forget healthcare as you age. Not all states are equal.
by cheese_breath
Tue Jun 30, 2015 5:06 pm
Forum: Investing - Help with Personal Investments
Topic: Intentional 401k overcontribution to get new employer match
Replies: 22
Views: 955

Re: Intentional 401k overcontribution to get new employer match

livesoft wrote:
nerdinvestor wrote: Why would they laugh at the request?

1. Because they know it was not an excess deferral when the money was being contributed.
2. Because they can.

And from their perspective it's not an excess contribution. The excess contribution is with the new employer.
by cheese_breath
Tue Jun 30, 2015 3:58 pm
Forum: Investing - Help with Personal Investments
Topic: Intentional 401k overcontribution to get new employer match
Replies: 22
Views: 955

Re: Intentional 401k overcontribution to get new employer match

Don't try gaming the system. You're liable to get burned.
by cheese_breath
Tue Jun 30, 2015 8:59 am
Forum: Personal Consumer Issues
Topic: Fair compensation for change of delivery date without been notified
Replies: 16
Views: 1098

Re: Fair compensation for change of delivery date without been notified

You're not alone. Unfortunately that kind of thing happens all too often. I wouldn't expect dollars either. I imagine the best they might offer is a discount on a future purchase or maybe the gift card as mentioned above.
by cheese_breath
Mon Jun 29, 2015 2:29 pm
Forum: Personal Finance (Not Investing)
Topic: Lucent offering pension buyout to retirees: what to do?
Replies: 49
Views: 3782

Re: Lucent offering pension buyout to retirees: what to do?

I don't know the specifics of this Lucent offer, but my personal opinion is that companies offer pension buyouts because it will save them money, on average. Why else would they make the offer? By getting that obligation off their books it makes them more credit worthy in case they want to borrow m...
by cheese_breath
Mon Jun 29, 2015 2:27 pm
Forum: Personal Finance (Not Investing)
Topic: Lucent offering pension buyout to retirees: what to do?
Replies: 49
Views: 3782

Re: Lucent offering pension buyout to retirees: what to do?

I'd be interested in the best way to run the numbers on the cost of purchasing an annuity with similar provisions to an existing pension. That would allow a better comparison of the value of staying with the Lucent annuity vs. taking the lump sum that is offered, IMO. If you know the amount of the ...
by cheese_breath
Mon Jun 29, 2015 2:22 pm
Forum: Personal Finance (Not Investing)
Topic: Lucent offering pension buyout to retirees: what to do?
Replies: 49
Views: 3782

Re: Lucent offering pension buyout to retirees: what to do?

I don't know the specifics of this Lucent offer, but my personal opinion is that companies offer pension buyouts because it will save them money, on average. Why else would they make the offer? By getting that obligation off their books it makes them more credit worthy in case they want to borrow m...
by cheese_breath
Mon Jun 29, 2015 10:49 am
Forum: Personal Finance (Not Investing)
Topic: Lucent offering pension buyout to retirees: what to do?
Replies: 49
Views: 3782

Re: Lucent offering pension buyout to retirees: what to do?

Mitchell777 wrote:For very old pensioneers, with no spouse and enough money to live on either way, wouldn't it often be best to take the lump sum since the pension cannot be passed on to non-spouse hiers?

Sounds reasonable, but I'd still want to run the numbers before making a decision.
by cheese_breath
Mon Jun 29, 2015 10:47 am
Forum: Personal Finance (Not Investing)
Topic: Lucent offering pension buyout to retirees: what to do?
Replies: 49
Views: 3782

Re: Lucent offering pension buyout to retirees: what to do?

Here's the paradox. Despite the fact that people don't want to buy annuities - preferring to be their own amateur investment managers - when offered the choice between keeping their current defined benefit pension vs. going to a 403(b) public employees in several states have strongly preferred the ...
by cheese_breath
Mon Jun 29, 2015 10:46 am
Forum: Personal Finance (Not Investing)
Topic: Lucent offering pension buyout to retirees: what to do?
Replies: 49
Views: 3782

Re: Lucent offering pension buyout to retirees: what to do?

I believe he said that the letter stated that the annuity would be transferred to an insurance carrier outside the purview of Lucent's employee benefits program. I don't know for sure how these things work in the first place, but I'm assuming that company pensions for retirees are probably administ...
by cheese_breath
Mon Jun 29, 2015 9:39 am
Forum: Personal Finance (Not Investing)
Topic: Financial Support for Parents
Replies: 34
Views: 3062

Re: Financial Support for Parents

What happens when a parent dies with $400k negative net worth? Did you end up paying all your mother's creditors? How can you have $400k negative net worth? I'm not being argumentative, just interested in specific examples. I'd like some examples too. That's an awful lot of debt. But to the questio...
by cheese_breath
Mon Jun 29, 2015 9:26 am
Forum: Personal Finance (Not Investing)
Topic: Lucent offering pension buyout to retirees: what to do?
Replies: 49
Views: 3782

Re: Lucent offering pension buyout to retirees: what to do?

My brother-in-law is a retired manager from Lucent and told me today that he received a letter indicating that Lucent intends to terminate it's corporate pension program. As a previously retired employee he will be offered the option of a lump sum buyout of his pension or an annuity to be managed b...
by cheese_breath
Mon Jun 29, 2015 8:50 am
Forum: Personal Finance (Not Investing)
Topic: Lucent offering pension buyout to retirees: what to do?
Replies: 49
Views: 3782

Re: Lucent offering pension buyout to retirees: what to do?

If the buyout amount is fair, he can always turn around and purchase his own annuities with that money (multiple, to spread out the risk among institutions). The annuity from the pension plan will probably pay more than one that he can buy from an insurance company, though it won't be diversified a...
by cheese_breath
Mon Jun 29, 2015 8:42 am
Forum: Personal Consumer Issues
Topic: Need to dispose tube TV in Pennsylvania. Township won't pick up.
Replies: 37
Views: 2884

Re: Need to dispose tube TV in Pennsylvania. Township won't pick up.

We had an old 27" TV in a very nice cabinet complete with closing doors. When the TV gave out many years ago I took it out of the cabinet and disposed of it. (That was when you could still put them in the trash.) Put in a floor where the wire mesh was on the bottom and a back on it and used it ...
by cheese_breath
Mon Jun 29, 2015 8:03 am
Forum: Personal Finance (Not Investing)
Topic: Lucent offering pension buyout to retirees: what to do?
Replies: 49
Views: 3782

Re: Lucent offering pension buyout to retirees: what to do?

Thank you, cheese_breath, it's good to know. Victoria Remember, there's no guarantee Lucent will do it the same way GM did. GM and Prudential handled the details of the financial transfer so the money went directly from GM to Pru without me ever touching it. If I had taken the lump sum and bought a...
by cheese_breath
Mon Jun 29, 2015 7:25 am
Forum: Personal Finance (Not Investing)
Topic: Lucent offering pension buyout to retirees: what to do?
Replies: 49
Views: 3782

Re: Lucent offering pension buyout to retirees: what to do?

This thread may be of interest to your brother-in-law.. Thank you for the reference, it is in fact of great interest. One difference between the two threads is that g$$'s discussion is focused on the initial decision , in which a retiring employee is choosing between a lump sum and the company's pe...
by cheese_breath
Sun Jun 28, 2015 11:12 pm
Forum: Personal Consumer Issues
Topic: Is your home owner insurance going up 27% this year?
Replies: 13
Views: 1537

Re: Is your home owner insurance going up 27% this year?

Mine in MI went up about 17% last year. But it's still 34% less with Safeco now than it was 2 years ago with AAA .
by cheese_breath
Sun Jun 28, 2015 10:51 pm
Forum: Personal Finance (Not Investing)
Topic: What's your net worth break down? What's ideal?
Replies: 44
Views: 6006

Re: What's your net worth break down? What's ideal?

74 years old - Approximately 0.55% ….Stock - tIRA 20.03% ….Stock - Roth 2.33% ….Stock - Taxable 34.52% ….Fixed Income - tIRA 8.73% ….Fixed Income - Roth 7.22% ….Fixed Income - Taxable 23.66% ….Home Equity 2.96% ….Personal Property (cars, home furnishings, collectables, etc.) edits: No debt. Pensions...
by cheese_breath
Sun Jun 28, 2015 9:33 pm
Forum: Personal Finance (Not Investing)
Topic: Lucent offering pension buyout to retirees: what to do?
Replies: 49
Views: 3782

Re: Lucent offering pension buyout to retirees: what to do?

If the buyout amount is fair, he can always turn around and purchase his own annuities with that money (multiple, to spread out the risk among institutions). The annuity from the pension plan will probably pay more than one that he can buy from an insurance company, though it won't be diversified a...
by cheese_breath
Sun Jun 28, 2015 5:51 pm
Forum: Personal Finance (Not Investing)
Topic: Lucent offering pension buyout to retirees: what to do?
Replies: 49
Views: 3782

Re: Lucent offering pension buyout to retirees: what to do?

How can he weigh the pros and cons before he knows the specifics?

As a GM retiree I was faced with the same choice. I chose the annuity, but not before I knew the specifics.
by cheese_breath
Sun Jun 28, 2015 4:32 pm
Forum: Personal Consumer Issues
Topic: Squirrel nemesis
Replies: 60
Views: 5148

Re: Squirrel nemesis

peppers wrote: When the squirrel went after the herb plants, he crossed the Rubicon.

As I said, squirrels love a challenge. Are you up to it? :P
by cheese_breath
Sun Jun 28, 2015 12:30 pm
Forum: Investing - Help with Personal Investments
Topic: No gain in 9 months of investment
Replies: 23
Views: 4271

Re: No gain in 9 months of investment

Keep your long term focus. There will most likely come a time when your portfolio actually will be down and probably a by lot more than 2%. But if you stay the course you can expect it to recover over time and more than make up for the temporary downturn. If you start jumping from fund to fund tryin...
by cheese_breath
Sun Jun 28, 2015 9:23 am
Forum: Personal Consumer Issues
Topic: Upgrading to Windows 10?
Replies: 23
Views: 2181

Re: Upgrading to Windows 10?

wander wrote:I wouldn't upgrade to anything unless some specific programs require software upgraded to run.

Or if you do decide to upgrade anyway I'd wait at least 6 months for them to get the bugs worked out first.
by cheese_breath
Sat Jun 27, 2015 5:26 pm
Forum: Personal Consumer Issues
Topic: Need to dispose tube TV in Pennsylvania. Township won't pick up.
Replies: 37
Views: 2884

Re: Need to dispose tube TV in Pennsylvania. Township won't pick up.

Check out the antique malls around you. I bet one of the vendors would want it. Tell them they can have it free if they come and get it.

Take a picture with you.
by cheese_breath
Sat Jun 27, 2015 12:44 pm
Forum: Personal Consumer Issues
Topic: Squirrel nemesis
Replies: 60
Views: 5148

Re: Squirrel nemesis

Squirrel vs. chihuahua... Hmmm. Too close to call.

I was thinking of something more like a Rottweiler.
by cheese_breath
Sat Jun 27, 2015 10:06 am
Forum: Forum Issues and Administration
Topic: Can we put up to vote if forum members want to see topics that are financial but related to politics
Replies: 22
Views: 1336

Re: Can we put up to vote if forum members want to see topics that are financial but related to politics

I'd prefer to keep it just the ways it is. There are other forums where one can discuss politics and speculate all he wants.
by cheese_breath
Sat Jun 27, 2015 10:03 am
Forum: Personal Consumer Issues
Topic: Squirrel nemesis
Replies: 60
Views: 5148

Re: Squirrel nemesis

Squirrels love a challenge. They'll go after the guarded plants and leave the unprotected ones alone. :)
by cheese_breath
Fri Jun 26, 2015 2:08 pm
Forum: Personal Consumer Issues
Topic: Fish in the refrigerator
Replies: 21
Views: 2498

Re: Fish in the refrigerator

I heard it is best to remove leftovers from the can because once open the metal of the can reacts with air and more of it leaches into the food. I would transfer to an airtight container, tupperware of glass. Though putting the whole can into a bag or container would help seal the smell.... I heard...
by cheese_breath
Fri Jun 26, 2015 2:02 pm
Forum: Personal Consumer Issues
Topic: Squirrel nemesis
Replies: 60
Views: 5148

Re: Squirrel nemesis

jane1 wrote:I have been fighting squirrels this season. They started with a Basil plant.

Maybe they were looking for the oregano for their tomato, basil & oregano bruschettas ???
by cheese_breath
Fri Jun 26, 2015 12:48 pm
Forum: Personal Finance (Not Investing)
Topic: tap IRA to pay off CC debt?
Replies: 31
Views: 3108

Re: tap IRA to pay off CC debt?

If I pay it off from my 401K I feel I can break the pattern and start saving up cash reserves immediately. I am still not buying this... Me neither. Unless you're already living at the poverty level I have a hard time believing you couldn't cut back on living expenses enough to have the whole thing...
by cheese_breath
Fri Jun 26, 2015 10:32 am
Forum: Personal Finance (Not Investing)
Topic: Pension Question - Early Retirement
Replies: 16
Views: 1303

Re: Pension Question - Early Retirement

My experience in the companies where I've worked is it's not a straight line age to payment relationship. There was a significant discount for retirements under age 60 and then a good bump for 60 and above.
by cheese_breath
Fri Jun 26, 2015 9:45 am
Forum: Personal Finance (Not Investing)
Topic: Pension Question - Early Retirement
Replies: 16
Views: 1303

Re: Pension Question - Early Retirement

"I haven't done anything about contacting the prior employer about beginning payments because I have not planned to take them. Obviously, the longer I delay taking them, the more they are worth and I don't need the income now." Is that actually the case? Some pension plans don't give you ...
by cheese_breath
Fri Jun 26, 2015 9:05 am
Forum: Investing - Theory, News & General
Topic: Did 2008 change your investing strategy?
Replies: 58
Views: 4574

Re: Did 2008 change your investing strategy?

Not really. I was in my middle 60s at the time and already had a good portion of my portfolio out of stocks. But by that age I had lived through so many ups and downs I knew stocks would eventually recover. So even if I had a larger portion invested there I know I wouldn't have panicked.
by cheese_breath
Fri Jun 26, 2015 8:53 am
Forum: Investing - Help with Personal Investments
Topic: taxes on VG total stock index fund
Replies: 8
Views: 810

Re: taxes on VG total stock index fund

Let me make sure I understand the question. You want to estimate the earnings on your $100,000 for the year. The reason I ask is I originally misunderstood and somehow read into the question what would be the earnings if you sold the stock. But you don't intend to sell it do you?
by cheese_breath
Fri Jun 26, 2015 8:42 am
Forum: Personal Consumer Issues
Topic: Squirrel nemesis
Replies: 60
Views: 5148

Re: Squirrel nemesis

Get a cat or dog to chase the squirrel away.
by cheese_breath
Fri Jun 26, 2015 8:41 am
Forum: Investing - Help with Personal Investments
Topic: Dividend Distribution Question
Replies: 8
Views: 1042

Re: Dividend Distribution Question

Could someone please explain to me the advantage of "taking" your distributions from taxable fund accounts in lieu of "reinvesting" this income? I'm still a bit confused about the advantage of doing this. P.S. - I am now newly retired. Thanks! I think this stems mainly from the ...
by cheese_breath
Fri Jun 26, 2015 8:21 am
Forum: Personal Consumer Issues
Topic: Winterizing my deck above my driveway
Replies: 6
Views: 453

Re: Winterizing my deck above my driveway

I don't understand what this has to do with the deck. The snow and ice from the roof are going to make it to the driveway whether there's a deck there or not.
by cheese_breath
Fri Jun 26, 2015 7:24 am
Forum: Personal Consumer Issues
Topic: Squirrel nemesis
Replies: 60
Views: 5148

Re: Squirrel nemesis

Check your hardware or nursery for squirrel repellants. I don't know if they work on squirrels, but things like Deer Off and Liquid Fence work on deer and rabbits.
by cheese_breath
Fri Jun 26, 2015 7:16 am
Forum: Personal Finance (Not Investing)
Topic: Condo - HOA Rules for Leasing
Replies: 27
Views: 2064

Re: Condo - HOA Rules for Leasing

Thanks for the input guys. Although the language seems somewhat ambiguous I suspect the intent is to prevent arrangements where entire multiple families may populate a single unit such as in some areas where low income families have to share homes for financial reasons. That makes more sense for ha...
by cheese_breath
Thu Jun 25, 2015 11:10 pm
Forum: Personal Finance (Not Investing)
Topic: Condo - HOA Rules for Leasing
Replies: 27
Views: 2064

Re: Condo - HOA Rules for Leasing

Although the language seems somewhat ambiguous I suspect the intent is to prevent arrangements where entire multiple families may populate a single unit such as in some areas where low income families have to share homes for financial reasons.
by cheese_breath
Thu Jun 25, 2015 9:38 am
Forum: Personal Finance (Not Investing)
Topic: making minor changes to a will
Replies: 6
Views: 561

Re: making minor changes to a will

First of all do you want to leave the inheritance to the surviving beneficiaries, or do you want to name new beneficiaries? Your will may already be written to either leave the deceased beneficiaries share to someone else such as their children, or to split their share among the surviving beneficiar...
by cheese_breath
Thu Jun 25, 2015 8:25 am
Forum: Personal Finance (Not Investing)
Topic: How to set up an automatic investment without being able to cancel easily
Replies: 11
Views: 1150

Re: How to set up an automatic investment without being able to cancel easily

I think you don't have enough money in your expenses slush fund. Taking advantage of a bargain for something you would buy anyway should be something you can do without breaking into savings. Presumably you handle once a year expenses like insurance in some reasonable fashion, so things are already...
by cheese_breath
Thu Jun 25, 2015 8:22 am
Forum: Personal Consumer Issues
Topic: 10 year old car
Replies: 27
Views: 2941

Re: 10 year old car

The hood will look like new. The rest will look like a 10 year old car. Can you live with that?
by cheese_breath
Thu Jun 25, 2015 8:04 am
Forum: Personal Finance (Not Investing)
Topic: How to set up an automatic investment without being able to cancel easily
Replies: 11
Views: 1150

Re: How to set up an automatic investment without being able to cancel easily

...For example, last month we had money supposed to be invested into our taxable account but right before, we got a great offer on a large amount of wood (we still use a wood stove during the winter) and so we used the extra cash for that and it didn't go into the taxable account... Do you have a b...
by cheese_breath
Wed Jun 24, 2015 7:51 pm
Forum: Personal Finance (Not Investing)
Topic: Home renovation funding
Replies: 36
Views: 2737

Re: Home renovation funding

skteam wrote:... We don't have renovation experience, but who doesn't enjoy surprises?

Are you going to try managing this yourself or hire a general contractor?
by cheese_breath
Wed Jun 24, 2015 7:47 pm
Forum: Personal Finance (Not Investing)
Topic: tap IRA to pay off CC debt?
Replies: 31
Views: 3108

Re: tap IRA to pay off CC debt?

albireo13 wrote:It may not be optimal but we're talking about < $10K so, the difference between this and optimal isn't all that much, IMO.

So why did you ask then?

Just don't run up the cc again and make this a precedent.
by cheese_breath
Wed Jun 24, 2015 7:15 am
Forum: Personal Finance (Not Investing)
Topic: tap IRA to pay off CC debt?
Replies: 31
Views: 3108

Re: tap IRA to pay off CC debt?

Before tapping your IRA I suggest doing a comprehensive review of your spending and look for ways to reduce unnecessary expenses. Forgo a vacation trip? Reduce entertainment expenses? Eat less expensive meals? ???
by cheese_breath
Wed Jun 24, 2015 7:09 am
Forum: Personal Finance (Not Investing)
Topic: How to set up an automatic investment without being able to cancel easily
Replies: 11
Views: 1150

Re: How to set up an automatic investment without being able to cancel easily

What you're looking for is mechanisms to treat the symptoms, not the real problem.. cannot keep your hand out of the cookie jar. Regardless of how difficult you make it to cancel transactions this can't prevent you from withdrawing money from savings and/or investments after the fact. Forgive the an...
by cheese_breath
Tue Jun 23, 2015 6:04 pm
Forum: Investing - Theory, News & General
Topic: Improving cost basis
Replies: 17
Views: 1732

Re: Improving cost basis

... If I bought VXUS and at $51 and it rose to $54 I may sell off a bit, if it drops back to $51 I buy back in, if it keeps going up that works too. Than I may buy some BND ... If sitting on the sidelines if VXUS rises to 60 is OK with you, then who am I to argue? But jumping into bonds without any...

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