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(40s) Early Retirement Considerations

I'd like to hear from those who retired or have tried to in their 40s. What age did you retire? Are you able mostly to maintain your lifestyle and principal income so far? How many years did you work prior to retiring? Are you able to save at least somewhat when in retirement? What do you do/have fo...
by pc95
Fri Jun 13, 2014 12:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: (40s) Early Retirement Considerations
Replies: 1
Views: 612

Re: Considerations For Executor

I met with my friend today and informally accepted the offer of executor with additional dutie to assist his wife in the event of he dying prematurely/suddenly. I found out that he has an LTCI that will cover his wife for $110 per day of for the rest of her life should something happen to him; he al...
by pc95
Fri Apr 11, 2014 7:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: Considerations For Executor
Replies: 10
Views: 1375

Re: Considerations For Executor

Thanks for your thoughts Sparkle, I may bring it up, although he stated he had Long Term Care and Health Insurance - in correspondence my friend uses the word "simple" quite often. Wanting a "simplified" situation for his wife. He has a "simple" will, and has said he's ...
by pc95
Thu Apr 10, 2014 9:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: Considerations For Executor
Replies: 10
Views: 1375

Re: Considerations For Executor

Mayday, that's much of how I feel; I"ve told him I am interested and am happy to help - sort of signaling I will do it, but my wife is worried of legal ramifications or liabilities. As WhyNot advised, keeping arms length is a good idea, so fair compensation is completely up to him, with as litt...
by pc95
Thu Apr 10, 2014 1:15 am
 
Forum: Personal Finance (Not Investing)
Topic: Considerations For Executor
Replies: 10
Views: 1375

Re: Considerations For Executor

Thanks WhyNot for your reply. A will seems very personal and I do not want to cause a stir to his extended family, but at the same time I do not want to let him down. He has been there many times for me with my work without question. To add, his wife does not handle and is incapable of handling fina...
by pc95
Wed Apr 09, 2014 12:43 am
 
Forum: Personal Finance (Not Investing)
Topic: Considerations For Executor
Replies: 10
Views: 1375

Considerations For Executor

I have an old mentor from work whom I'm still close to recently ask if I was interested in being executor of his estate. He has been retired almost 10 years, but we keep in contact fairly regularly. His wife is much older than he (more than 10 years), and he has offered generous compensation if I ag...
by pc95
Tue Apr 08, 2014 11:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: Considerations For Executor
Replies: 10
Views: 1375

Coverdell Education Savings Account Insurance Qs

The FDIC site states Coverdell ESA Certificate is insured as an irrevocable trust account. How is this coverage compared to FDIC deposit insurance? How is this
coverage administered?

Thx.
by pc95
Thu Jan 02, 2014 8:57 pm
 
Forum: Investing - Help with Personal Investments
Topic: Coverdell Education Savings Account Insurance Qs
Replies: 0
Views: 91

PenFed Raises CD Rates

[Thread merged into here, see below. --admin LadyGeek]

For those of you interested in CDs - Just saw this (sorry if a repost):

https://www.penfed.org/Certificates_Overview/

Of note, 5 year CD is 3.04% with an early withdrawal penalty of 365 days.
by pc95
Fri Dec 13, 2013 1:36 pm
 
Forum: Investing - Theory, News & General
Topic: New PenFed CD rates!
Replies: 313
Views: 35373

Re: Poor PenFed Reviews

Have had Penfed for 8-9 years. Have their older 5% rebate gas card which I believe is longer available. It's been an excellent gas credit card. I also use them for CDs though their rates have lately been less competitive than in years past. Their CD process is average, and I'd agree with others they...
by pc95
Fri Dec 13, 2013 11:13 am
 
Forum: Investing - Theory, News & General
Topic: Poor PenFed Reviews
Replies: 78
Views: 7849

Re: What percentage of your income are you saving?

Before tax? I couldn't tell you...after tax (take home): Varies from year to year, but our target is 70% of our take-home pay - usually it's high 50s or low 60s percentile range.
by pc95
Fri Dec 13, 2013 10:55 am
 
Forum: Investing - Help with Personal Investments
Topic: What percentage of your income are you saving?
Replies: 208
Views: 12601

Re: Vanguard ACHing Question

Stan, Yes, sold it Wed....thought it would be avail today for ACH....
by pc95
Fri Nov 29, 2013 4:23 pm
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard ACHing Question
Replies: 20
Views: 750

Re: Vanguard ACHing Question

There is no bank transfer option available. Note the stock (non-Vanguard) was already sold, and appears now as a "credit" with now apparent way to tranfer it on the Vanguard page. Bank is active on the account maintenance page. Thx.
by pc95
Fri Nov 29, 2013 4:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard ACHing Question
Replies: 20
Views: 750

Vanguard ACHing Question

Quick question, I have a brokerage account on Vanguard and would like to move money from Vanguard to my bank. I set up the bank already, but their site logged on does not show an external transfer type option. I'm sure there's a way to do this online that I'm missing....can someone please give a qui...
by pc95
Fri Nov 29, 2013 2:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: Vanguard ACHing Question
Replies: 20
Views: 750

Re: more than one credit card?

If you enjoy or need to travel, It's good to keep an eye-out for credit card offers with excellent airline miles bonuses. Current Example: Southwest has their 50,000 pt bonus right now: https://creditcards.chase.com/a1/southwest/2ffep3 United had a 50,000 mile bonus in the past, and awhile back ther...
by pc95
Sun Jul 28, 2013 12:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: more than one credit card?
Replies: 51
Views: 3785

Re: Electric cars (full electrics and plug-in hybrids)

Ual, how much would it cost to cover your roof with panels nowadays? And would that suffice your energy needs? When are you considered a higher tier energy user by your power company? What is that tier? Our company has 0.15 and 0.30 tiers. I assume the worst case for the example since what the power...
by pc95
Sun Jun 16, 2013 2:53 pm
 
Forum: Personal Consumer Issues
Topic: Electric cars (full electrics and plug-in hybrids)
Replies: 13
Views: 422

Re: Electric cars (full electrics and plug-in hybrids)

Doing a "back of the envelope" calculation, our power company states that in higher tier usage the cost of electricity is $0.30 per kwh As an arbitrary example if my all-electric car gets 3 miles/kwh efficiency, then it costs roughly $0.10 per mile. Now for a gas engine at $4.00/gallon at ...
by pc95
Sun Jun 16, 2013 12:15 pm
 
Forum: Personal Consumer Issues
Topic: Electric cars (full electrics and plug-in hybrids)
Replies: 68
Views: 6076

1099b Question (Option Question)

I'd bought 100 shares of RIMM in Dec 11 at a cost basis of 13.66 per share with a put option at strike price 20 for June 12 total for around $2100. The stock went up and down and I finally sold both the put and stock at the strike price for about $1993 before the put expired in June. On my tax sheet...
by pc95
Tue Feb 26, 2013 1:27 am
 
Forum: Investing - Help with Personal Investments
Topic: 1099b Question (Option Question)
Replies: 2
Views: 201

Re: Seeking to retire at 50

I wouldn't count on a pension - I would not factor it into your retirement estimates for various reasons .....retiring early depends on what sort of lifestyle you want vs can afford. To be conservative, that is, not factoring in bleak world events/unforeseen problems, if you want to have mid-range r...
by pc95
Sat Jan 26, 2013 2:34 am
 
Forum: Investing - Help with Personal Investments
Topic: Seeking to retire at 50
Replies: 52
Views: 2879

Rental Question W/D [How much rent to pay for Washer/Dryer]

For Renters, all things being equal, how much extra (rent) would you be willing to pay to have a washer and dryer working/available inside your rental unit (ie. the garage or closet)?

Just curious what others perceived monetary value might be.....

Thx.
by pc95
Sun Jan 13, 2013 11:08 pm
 
Forum: Personal Consumer Issues
Topic: Rental Question W/D [How much rent to pay for Washer/Dryer]
Replies: 15
Views: 976

Re: AMEX for 1% savings rate?

I like PenFed's 1.85% rate for a 3-yr CD. I also have AMEX for a 0.9% online savings account - good web-interface. But for the extra money I'd take the CD if you don't need the money right now. If you're just looking for a better short term storage place, AMEX is great. Ally is probably fine too.
by pc95
Sun Jan 13, 2013 12:58 am
 
Forum: Personal Finance (Not Investing)
Topic: AMEX for 1% savings rate?
Replies: 20
Views: 1816

Re: CD purchase through VG - Which to buy?

Penfed has a 3-year CD for 1.85% APY with a 6 month penalty vs likely a 12 month penalty for a 5 years CD.....

https://www.penfed.org/Money-Market-Accounts-Overview/

Better deal imo
by pc95
Fri Jan 11, 2013 7:51 pm
 
Forum: Investing - Help with Personal Investments
Topic: CD purchase through VG - Which to buy?
Replies: 19
Views: 1707

Re: CD question

CD rates are very poor, but if you're going to get one, try Pentagon Federal Credit Union 3 Yr @ 1.85% APY with 6-month penalty. https://www.penfed.org/Money-Market-Accounts-Overview/ I've used Penfed for many years and am quite happy with them. Unfortunately, believe there's no end in sight for the...
by pc95
Sun Jan 06, 2013 10:00 pm
 
Forum: Investing - Help with Personal Investments
Topic: CD question
Replies: 4
Views: 650

Re: Best Movies of 2012

imdb average ratings sometimes are completely off-base.
by pc95
Fri Jan 04, 2013 1:27 am
 
Forum: Personal Consumer Issues
Topic: Best Movies of 2012
Replies: 58
Views: 4979

Gym: 24 Hr Super Sport Worth Double Dues?

Hello,
Anyone with a 24 hr fitness gym membership upgrade to Super Sport membership from Sport? Do you find it worth the increase in dues if so?
by pc95
Mon Dec 31, 2012 9:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: Gym: 24 Hr Super Sport Worth Double Dues?
Replies: 2
Views: 660

Re: How much to contribute to 401(k) vs. Roth?

As already noted, put in at least to the employers match limit for 401 trad. - then it's up to you. I like to put more into ROTH and pay the taxes now - but it's a bit of Crap shoot.
by pc95
Fri Nov 30, 2012 11:50 am
 
Forum: Personal Finance (Not Investing)
Topic: How much to contribute to 401(k) vs. Roth?
Replies: 11
Views: 1012

Re: Becoming a Landlord Experiences

The rent I quoted would be on the low side according to comparables. Is that enough to keep it rented? Good question. House requires some upfront investment. As an investment return I'd hope after taxes, expenses, vacancies, fees, this rental could generate 5-8% ROI per year. Now over 10 years, who ...
by pc95
Tue Nov 27, 2012 11:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: Becoming a Landlord Experiences
Replies: 77
Views: 8200

Becoming a Landlord Experiences

I am entertaining the idea of becoming a landlord. Believe it would make sense financially for the area I'm looking at. $170k - 1450 sqft house renting for about $1350/month rent, 1.5% property tax. Of course there's much more to being a land-lord than just financials. Those of you who have been or ...
by pc95
Tue Nov 27, 2012 9:54 pm
 
Forum: Personal Finance (Not Investing)
Topic: Becoming a Landlord Experiences
Replies: 77
Views: 8200

Re: Why not dive into equities right now?

Nothing wrong with market timing if you get it right :)....just be prepared for the alternate outcome - ie suffering paper or real losses. As far as the timing of now? I think many stocks are currently over-valued (my big example is Amazon (AMZ) at a P/E of over 2000(!!!)) and perhaps the market as ...
by pc95
Sun Nov 18, 2012 2:09 pm
 
Forum: Investing - Theory, News & General
Topic: Why not dive into equities right now?
Replies: 25
Views: 3283

Re: Large down payment on home or take out larger mortgage?

The question at hand is whether the investment can beat the mortgage rate, which is in some cases 2.5% depending on term, amount, credit history etc. Can your investments make more than 2.5% over the life of the loan? My thinking is probably. But then again, I like the idea of paying a house off com...
by pc95
Sun Nov 18, 2012 2:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: Large down payment on home or take out larger mortgage?
Replies: 6
Views: 761

Re: Highest APY for a Savings Account

I figured it was about $75 more over 8 months for about an hour of my time as I already have accounts at DCU. Worth it, barely.
by pc95
Sun Nov 18, 2012 1:56 pm
 
Forum: Investing - Help with Personal Investments
Topic: Highest APY for a Savings Account
Replies: 17
Views: 2287

Re: Taxes [New Physician - How to reduce tax burden?]

Careful of alternative minimum tax - believe it may creep in for many more unless addressed by politicians - and your new stated income looks like a candidate.
by pc95
Sat Nov 17, 2012 1:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: Taxes [New Physician - How to reduce tax burden?]
Replies: 28
Views: 2520

Re: Highest APY for a Savings Account

Just got a special CD rate offer from DCU: https://www.dcu.org/

1.5% for 8 months (this is about equivalent to a 3 year CD rate at other places). Highest rate I've seen right now is 7 year 2% at penfed.
by pc95
Sat Nov 17, 2012 1:24 pm
 
Forum: Investing - Help with Personal Investments
Topic: Highest APY for a Savings Account
Replies: 17
Views: 2287

Re: Highest APY for a Savings Account

According to the author, only for the first $5k invested for that mango thing - something, but not worth the hassle imo. I like American Express online - they have a very nice interface and easy bank transfers to your other banks. I bought a 10 yr promo CD and am quite happy with it with a great rat...
by pc95
Fri Nov 16, 2012 1:37 am
 
Forum: Investing - Help with Personal Investments
Topic: Highest APY for a Savings Account
Replies: 17
Views: 2287

Foreign Bond Fund?

Can anyone recommend a good foreign bond fund? Looking to add a bit diversity and hedging.
Thx.
by pc95
Tue Nov 13, 2012 9:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: Foreign Bond Fund?
Replies: 1
Views: 201

Re: Transitioning from 100% Stocks to 50% Bonds.

I'm a little worried about US bonds in general due to possible future credit down-ratings or swings up in interest rates, but I couldn't tell you when or if they'll happen.They are likely better than a 100% stock portfolio with all those gyrations. I'm not really versed in bonds myself; I'm in my 30...
by pc95
Tue Nov 13, 2012 4:11 pm
 
Forum: Investing - Help with Personal Investments
Topic: Transitioning from 100% Stocks to 50% Bonds.
Replies: 24
Views: 1409

Re: Fiscal Cliff: Anyone taking defensive measures?

Yep, defensive measures inputted in September....will wait until Congress addresses it even if it means taking a paper loss.
by pc95
Tue Nov 13, 2012 2:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: Fiscal Cliff: Anyone taking defensive measures?
Replies: 63
Views: 4462

Re: Transitioning from 100% Stocks to 50% Bonds.

Drop your candy, yes - or eat it too fast.
by pc95
Tue Nov 13, 2012 2:18 pm
 
Forum: Investing - Help with Personal Investments
Topic: Transitioning from 100% Stocks to 50% Bonds.
Replies: 24
Views: 1409

Re: Are Even 3% Withdrawal Rates Excessive for Retirees Toda

While you can't control return rates on stocks, bonds, interest etc, you can always try to goto (or back to) part-time or (gasp) full-time work again. I'm a long ways from retirement, but get the general feeling that there's no such thing as saving too much. Dying with a large balance to give to oth...
by pc95
Tue Nov 13, 2012 2:12 pm
 
Forum: Investing - Theory, News & General
Topic: Are Even 3% Withdrawal Rates Excessive for Retirees Today?
Replies: 96
Views: 8768

FSITX Stability (Bond Funds Question)

I shifted a good chunk of 401k over to Fidelity FSITX in September wanting to put some money into something "stable", but see it's gone down about 1% in a month. Is this normal for bond funds (drop from $12.04 -> $11.91)? I realize 1% isn't too much in the investing world, but my idea was ...
by pc95
Tue Oct 23, 2012 12:08 am
 
Forum: Investing - Help with Personal Investments
Topic: FSITX Stability (Bond Funds Question)
Replies: 5
Views: 1120

Re: HPQ - falling stock

Thanks for the replies. Yes, I do wonder what will happen with HPQ, but I think selling at least a portion of it is good at this point. It is not for retirement specifically, though huge losses are not cotton candy. It was actually Compaq stock bought before being sold to HPQ during the company's in...
by pc95
Wed Oct 10, 2012 10:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: HPQ - falling stock
Replies: 24
Views: 1568

HPQ - falling stock

A family member has a fairly large holding of Hewlett Packard Stock (HPQ) and has unfortunately watched it tank over the past month badly. She seeked input as to whether to sell... - now I am not a stock expert, but it seems selling after quite a few slides in a row is letting your emotions get the ...
by pc95
Wed Oct 10, 2012 12:18 am
 
Forum: Investing - Help with Personal Investments
Topic: HPQ - falling stock
Replies: 24
Views: 1568

Re: Worse to be in market wishing you were out, or vice vers

It could be, If you're out of the market, you either don't care one way or another, or are actually hoping for falls/downtrends to get back in. If you're in the market, it's reversed, you either don't care (stay the course no matter) or are hoping for uptrends to jump out and collect income. The old...
by pc95
Wed Oct 03, 2012 1:03 am
 
Forum: Investing - Theory, News & General
Topic: Worse to be in market wishing you were out, or vice versa?
Replies: 44
Views: 2185

Re: Credit Rating of US Government & Interest Rates

I would think that lower quality debt demands higher rated service/cost of that debt (?) (think Spain/Greece etc).
by pc95
Mon Aug 27, 2012 10:38 pm
 
Forum: Investing - Theory, News & General
Topic: Credit Rating of US Government & Interest Rates
Replies: 28
Views: 2539

Credit Rating of US Government & Interest Rates

Here's a question I've recently been thinking about, could the US government credit rating be downgraded again say from AA to A? And if so, would that mean that interest rates would be forced to rise up? Just wondering....
by pc95
Mon Aug 27, 2012 10:32 pm
 
Forum: Investing - Theory, News & General
Topic: Credit Rating of US Government & Interest Rates
Replies: 28
Views: 2539

Re: Investing Fees and Terms - Fidelity

I didn't sell anything, but was trying to answer your supposition.
by pc95
Sun Aug 26, 2012 8:03 pm
 
Forum: Investing - Help with Personal Investments
Topic: Investing Fees and Terms - Fidelity
Replies: 17
Views: 1422

Re: Investing Fees and Terms - Fidelity

Yes since you're still buying the stock - incur fees on 36 shares over the last 90 days.
by pc95
Sun Aug 26, 2012 7:52 pm
 
Forum: Investing - Help with Personal Investments
Topic: Investing Fees and Terms - Fidelity
Replies: 17
Views: 1422

Re: Investing Fees and Terms - Fidelity

So in other words if I want to rebalance and avoid the fees, I will have to stop paying into the account for 90 or 30 days depending on the fund.
by pc95
Sun Aug 26, 2012 7:37 pm
 
Forum: Investing - Help with Personal Investments
Topic: Investing Fees and Terms - Fidelity
Replies: 17
Views: 1422

Re: Investing Fees and Terms - Fidelity

When a company states "we might levy a fee", wth kind of language is that?! Either you incur a fee or not - what's with the ambiguity?
by pc95
Sun Aug 26, 2012 7:33 pm
 
Forum: Investing - Help with Personal Investments
Topic: Investing Fees and Terms - Fidelity
Replies: 17
Views: 1422

Re: % of your money in cash : bank deposit

About 70% in cash. I would judge that allocation as highly conservative.
by pc95
Sun Aug 26, 2012 7:28 pm
 
Forum: Investing - Help with Personal Investments
Topic: % of your money in cash : bank deposit
Replies: 35
Views: 4848
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