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Re: Do you have State Farm Emergency Road Service?

I haven't used mine, but my ladyfriend used hers a few times in 2011-2010 before her car finally died. Our mechanic would have her car towed from where it had broken down to his repair shop (close by) then work on it. She would make a copy of the work order which included the towing charge shown sep...
by scrabbler1
Fri Jul 25, 2014 1:52 pm
 
Forum: Personal Consumer Issues
Topic: Do you have State Farm Emergency Road Service?
Replies: 4
Views: 261

Re: Riding the Rails--my Amtrak trip

My ladyfriend and I just got back to NY on the Cardinal just over a week ago. We went from NYC to Indy then used other means of transit to get to her home town of Louisville. We left on Friday morning, June 27th and made it to Indy only about 15 minutes late, just after 5 AM. We then rented a car an...
by scrabbler1
Wed Jul 23, 2014 8:48 pm
 
Forum: Personal Consumer Issues
Topic: Riding the Rails--my Amtrak trip
Replies: 35
Views: 3037

Re: how often do you look at your account

Once a day, M-F. I log my account balances once a month into a spreadsheet. If I make a transaction in my brokerage account or IRA, I will take a second peek to update my fund spreadsheets.
by scrabbler1
Mon Jul 21, 2014 2:13 pm
 
Forum: Investing - Help with Personal Investments
Topic: how often do you look at your account
Replies: 70
Views: 3558

Re: Hw many credit cards to own?

I own 2. One is my primary card, a cashback card I opened only a year ago, and a back-up card which used to be my primary card. I dont use the CC often so this is just fine with me. I have no debts and haven't applied for any loans in more than 20 years.
by scrabbler1
Mon Jul 21, 2014 2:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: Hw many credit cards to own?
Replies: 68
Views: 3789

Re: If you own a car, do you have a car payment?

Tycoon wrote:Three cars no payments.


Same here. I bought my first car in 1986 just before my 23rd birthday, paid with cash. I traded it it toward my second car (used) in 1992, paid with cash. And I traded that car in 2007 for a new one, also with cash.
by scrabbler1
Sat Jul 19, 2014 10:52 am
 
Forum: Personal Consumer Issues
Topic: If you own a car, do you have a car payment?
Replies: 110
Views: 6482

Re: Directing asset allocation for early retirement

Jjunk, I am 51 and retired nearly 6 years ago. I have different AAs for my taxable portfolio (the one I living off now) and my tax-deferred portfolio (my IRA) which I won't be touching until I turn ~59. I am about 63/37 in favor of bonds in the taxable account because I have set up a monthly dividen...
by scrabbler1
Thu Jul 17, 2014 12:33 am
 
Forum: Investing - Help with Personal Investments
Topic: Directing asset allocation for early retirement
Replies: 13
Views: 1585

Re: Have you quit your job because of your boss?

Generalizing a bit, this is one of the disadvantages of pensions versus 401k's. The pension has made you a prisoner of this employer until it is fully vested. A 401k is your money and you take it with you when you leave, regardless of when you leave. On the other hand the pension payout might be mo...
by scrabbler1
Tue Jul 15, 2014 9:45 am
 
Forum: Personal Finance (Not Investing)
Topic: Have you quit your job because of your boss?
Replies: 66
Views: 7081

Re: Have you quit your job because of your boss?

No. I had good bosses most of the time. Some were a lot better than good, some not quite a sgood. I held the same job from ollege for 23 years until I (early) retired in 2008. My problems were with corporate policy and the decisions by the bigwigs.
by scrabbler1
Mon Jul 14, 2014 7:07 pm
 
Forum: Personal Finance (Not Investing)
Topic: Have you quit your job because of your boss?
Replies: 66
Views: 7081

Re: What after-tax income could you live on today?

Single. Mortgage paid off. I could get by on $20k-$25k after taxes. I've kept my expenses low while working. Now that I am retired I know I can live on that amount, but I don't have to. I'm already have meals out more often. This is me, too. Single, 51, no kids, no debts, retired. The only uncertai...
by scrabbler1
Sat Jul 12, 2014 9:35 am
 
Forum: Personal Finance (Not Investing)
Topic: What after-tax income could you live on today?
Replies: 48
Views: 4910

Re: Why do companies put up with high expense 401k choices?

I have seen a mixed bag of fund choices with varying expense ratios in retirement savings plans. At the end of my working days in the last decade, my former employer switched 401k administrators a few times. When they switched to Principal Financial Group around 2004, we could no longer keep our mon...
by scrabbler1
Thu Jul 10, 2014 11:50 am
 
Forum: Investing - Help with Personal Investments
Topic: Why do companies put up with high expense 401k choices?
Replies: 15
Views: 1498

Re: List of Worst financial advice (what not to do):

Oh one more, I received a call from a Financial Planner who wanted to meet with me. I figured, if I could learn just one thing , it would be worth my time. He was about 25 years old. I was 47. We discussed my Funds at Vanguard. He then commented "you have quite abit of money in Index Funds&quo...
by scrabbler1
Wed Jul 09, 2014 9:03 am
 
Forum: Personal Finance (Not Investing)
Topic: List of Worst financial advice (what not to do):
Replies: 144
Views: 15501

Re: List of Worst financial advice (what not to do):

Two pieces of advice my friend received in the last few years, and thankfully (and with my strong prodding) he did not take: (1) Back in 2010 and into early 2011, his broker/friend told him, as he had often had, to "Get out of bond funds because interest rates are going to rise and their value ...
by scrabbler1
Wed Jul 09, 2014 8:49 am
 
Forum: Personal Finance (Not Investing)
Topic: List of Worst financial advice (what not to do):
Replies: 144
Views: 15501

Re: How to w/d from taxable until SS/RMD time gets here?

This bond fund's dividends slightly exceed my expenses on an annual basis so any surplus is plowed back into the bond fund. Furthermore, any cap gain distributions, which are erratic, are automatically reinvested so I add to my total share count and my monthly dividends that way... My AA in the tax...
by scrabbler1
Tue Jul 08, 2014 11:50 pm
 
Forum: Investing - Help with Personal Investments
Topic: How to w/d from taxable until SS/RMD time gets here?
Replies: 29
Views: 1972

Re: How many veteran investor have LARGE MAJORITY in three-f

My IRA has 2 funds. My taxable accounts have 4 funds but 2 of them, with 2 different institutions, are somewhat similar (both muni bond funds but of different terms and one is national while the other is home-state), so you could say I have only "3" funds there.
by scrabbler1
Tue Jul 08, 2014 11:36 pm
 
Forum: Investing - Theory, News & General
Topic: How many veteran investor have LARGE MAJORITY in three-fund?
Replies: 56
Views: 3819

Re: How to w/d from taxable until SS/RMD time gets here?

Bolderboy, I have been an early retiree (age 51) for 5 1/2 years and use the monthly dividends from a bond fund to pay for my expenses. Most of the rebalancing I do is in my IRA although I have made a rare rebalancing move in my taxable accounts which are more bond-weighted than the IRA (which is n...
by scrabbler1
Tue Jul 08, 2014 8:12 pm
 
Forum: Investing - Help with Personal Investments
Topic: How to w/d from taxable until SS/RMD time gets here?
Replies: 29
Views: 1972

Re: List of Worst financial advice (what not to do):

Don't buy a time share. It's a money pit.
by scrabbler1
Tue Jul 08, 2014 7:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: List of Worst financial advice (what not to do):
Replies: 144
Views: 15501

Re: How to w/d from taxable until SS/RMD time gets here?

Bolderboy, I have been an early retiree (age 51) for 5 1/2 years and use the monthly dividends from a bond fund to pay for my expenses. Most of the rebalancing I do is in my IRA although I have made a rare rebalancing move in my taxable accounts which are more bond-weighted than the IRA (which is no...
by scrabbler1
Tue Jul 08, 2014 7:41 pm
 
Forum: Investing - Help with Personal Investments
Topic: How to w/d from taxable until SS/RMD time gets here?
Replies: 29
Views: 1972

Re: POLL: How Old is Your Newest Motor Vehicle?

2007 Corolla, about 24,000 miles on it. I expect to get at least 10 more years from it.
by scrabbler1
Tue Jul 08, 2014 7:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: POLL: How Old is Your Newest Motor Vehicle?
Replies: 37
Views: 2405

Re: Rick Ferri's Emergency Fund

Add me to the many Bogleheads who use a tiered approach to their portfolio, including how their emergency funds are set up. My first tier is a small amount of money (about $750) over the minimum amount needed in my local bank's checking account to avoid monthly fees. This covers me for small, unfore...
by scrabbler1
Mon Jul 07, 2014 9:56 am
 
Forum: Investing - Theory, News & General
Topic: Rick Ferri's Emergency Fund
Replies: 28
Views: 6275

Re: In retirement you expect you standard of living to?

Standard of living, the same. Quality of life, much higher. Good observation distinguishing between living standard and quality of life. It's a lot difference relaxing with a cup of coffee in front of the TV at home than guzzling them down to keep going at the office. +1 I have been an early retire...
by scrabbler1
Thu Jul 03, 2014 11:18 am
 
Forum: Personal Finance (Not Investing)
Topic: In retirement you expect your standard of living to?
Replies: 55
Views: 4512

Re: How are you doing through the first half of 2014?

I am up about 3.7% but that is despite a 40/60 AA and pulling money out of the portfolio via monthly dividends because I am an early retiree.
by scrabbler1
Wed Jul 02, 2014 9:00 pm
 
Forum: Investing - Theory, News & General
Topic: How are you doing through the first half of 2014?
Replies: 91
Views: 9315

Re: The Millionaire Next Door: Are You One?

I live relatively modestly compared to what I can afford, but I think my friends and former-coworkers have a pretty good idea of my financial situation. I retired seven years ago in my early fifties. That's a big clue. I still have the group card many of my coworkers signed when I retired in late 2...
by scrabbler1
Wed Jul 02, 2014 8:42 am
 
Forum: Personal Consumer Issues
Topic: The Millionaire Next Door: Are You One?
Replies: 187
Views: 22211

Re: Rolling over a 401(k) questioin

MN-investor, I had a 401k with many different parts just like yours and did a partial rollover in order to minimize the tax bite while trying to mazimize my non-rollover portion. This is what I did back in late 2008: The 401k had pretax contributions, after-tax contributions, earnings, and company s...
by scrabbler1
Wed Jul 02, 2014 8:30 am
 
Forum: Personal Finance (Not Investing)
Topic: Rolling over a 401(k) question
Replies: 8
Views: 808

Re: what is my tax bracket after retirement

+1 to depending on the types of income streams. In my 5.5 years of early retirement, I have 2 main streams of income. One is bond fund income I get every month to cover my expenses. That is taxed as ordinary income. But I also have some stock fund dividend income which is taxed at 0% (federal) so I ...
by scrabbler1
Tue Jul 01, 2014 9:02 am
 
Forum: Personal Finance (Not Investing)
Topic: what is my tax bracket after retirement
Replies: 11
Views: 1528

Re: The Millionaire Next Door: Are You One?

I hit the $1M mark in investments a few years ago after getting close to it in 2007 before the markets crashed. I live in a studio apartment in a large co-op complex and have been here for 25 years. It is mostly an older crowd with many elderly retirees. Some of my neighbors know that I am an early ...
by scrabbler1
Tue Jul 01, 2014 8:44 am
 
Forum: Personal Consumer Issues
Topic: The Millionaire Next Door: Are You One?
Replies: 187
Views: 22211

Re: Do I need to prepay my capital gains to the IRS?

For those who like to live dangerously, you can even leave large federal tax bills pending until April 15th once you've paid up enough to reach the safe harbor. For others reading along, note that this is 100% of the previous year's tax for the OP, but is 110% of the previous year's tax for anyone ...
by scrabbler1
Tue Jun 24, 2014 11:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do I need to prepay my capital gains to the IRS?
Replies: 33
Views: 1821

Re: % of expenses in retirement

My pre-retirement expenses were slightly more than my current retirement expenses (so I answered 90-99%). The elimination of FICA taxes and commutation expenses were about the same as the extra health insurance premiums, with a slight reduction in income taxes. Evertying else is about a wash.
by scrabbler1
Sat Jun 21, 2014 3:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: % of expenses in retirement
Replies: 47
Views: 3267

Re: It is time to retire when you .......

Tim_in_GA wrote:When my investments can generate income greater than my spending needs, then it's time.


This above and Woodshark's terrific reply quoted several times did it for me. I retired 5 1/2 years ago at age 45 once these key pieces (and others) fell into place.
by scrabbler1
Sat Jun 21, 2014 3:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: It is time to retire when you .......
Replies: 104
Views: 9636

Re: [Poll] Do you use automatic investment?

I did for a brief time in the mid-1990s but not any more.
by scrabbler1
Thu Jun 19, 2014 12:08 pm
 
Forum: Investing - Theory, News & General
Topic: [Poll] Do you use automatic investment?
Replies: 30
Views: 1242

Re: Early retirement gotchas

I retired 5 1/2 years ago at age 45. No gotchas. The ACA took care of a sharp rise in health insurnace premiums without sacrificing coverage.
by scrabbler1
Wed Jun 18, 2014 1:20 am
 
Forum: Personal Finance (Not Investing)
Topic: Early retirement gotchas
Replies: 28
Views: 5369

Re: Schwab inherited IRA RMD question

My friend has an inherited IRA with Fidelity since late 2012. When he goes into his account in the Fidelity website, the IRA's History page shows him what his RMD is for the current year with links to take it and how much to have withheld in taxes. He doesn't need the RMD for his everyday expenses, ...
by scrabbler1
Tue Jun 17, 2014 8:35 am
 
Forum: Investing - Help with Personal Investments
Topic: Schwab inherited IRA RMD question
Replies: 20
Views: 915

Re: Do Interest & Dividend Distributions Buy More Shares?

In a mutual fund, they do what you instruct them to do, e.g., send you a check, buy more shares of the same fund, buy more shares of another fund, or send money to your bank. You can give separate instructions for different types of distributions. For one of my bond funds, I take the monthly divide...
by scrabbler1
Sat Jun 14, 2014 12:27 pm
 
Forum: Investing - Help with Personal Investments
Topic: Do Interest & Dividend Distributions Buy More Shares?
Replies: 6
Views: 722

Re: Retirement Planning with and w/o SS

Back in 2007-2008, I was putting together a short-term and long-term early retirement (ER) plan for an ER at age 45 in 2008. While SS would contribute zero for at least 17 more years, I still wanted to estimate my SS benefit for the longer-term plan. I did not download the SS calculator and actually...
by scrabbler1
Wed Jun 11, 2014 8:10 am
 
Forum: Personal Finance (Not Investing)
Topic: Retirement Planning with and w/o SS
Replies: 27
Views: 2666

Re: POLL: Do/did you get a match? How much?

I am an early retiree but when I was working my employer matched 75% of our contributions up to 6% of our salary (they kicked in 4.5%). My employer also started an ESOP in the late 1990s which gave us additional money in the form of company stock, stock whose value exploded in its first 11 years (up...
by scrabbler1
Sun Jun 08, 2014 5:12 am
 
Forum: Personal Finance (Not Investing)
Topic: POLL: Do/did you get a match? How much?
Replies: 67
Views: 4176

Re: 401K employer match. Do you have that?

I am an early retiree so I don't work anymore or have a 401k. But when I did work, I did have a 401k, so my answers will be based on that 401k when I left the company and had to liquidate it (Rollover IRA). (1) Yes. My company matched 75% of my own contributions up to 6% of my salary (they put in up...
by scrabbler1
Sun Jun 08, 2014 4:52 am
 
Forum: Investing - Help with Personal Investments
Topic: 401K employer match. Do you have that?
Replies: 42
Views: 2273

Re: How Do You Transfer Your Money?

We transfer directly from checking account to the fund we wish to purchase at Vanguard. No need for mm anymore with their mutual funds. Just a few clicks online will do it. I do exactly this with fidelity Same here. I also have Fidelity automatically transfer monthly dividends from one bond fund in...
by scrabbler1
Sun Jun 08, 2014 4:25 am
 
Forum: Personal Finance (Not Investing)
Topic: How Do You Transfer Your Money?
Replies: 24
Views: 2629

Re: Replacement checks?

Jon, I just saw one of those order forms for Checks Unlimited and it had a special offer. It included an offer code, VMYB, which may be helpful if you order at http://www.checksunlimited.com . It cost $5.50 per box and waived the S&H charges.
by scrabbler1
Thu Jun 05, 2014 2:25 pm
 
Forum: Personal Consumer Issues
Topic: Replacement checks?
Replies: 29
Views: 1582

Re: Changed asset allocation from 60/40 to 50/50 today

Freebeer, I am an early retiree for the last 5 years. Last year, the year I turned 50, I changed my IRA's AA from 55/45 (where it had been for many years including before I retired) to 50/50. With the stock market's huge year in 2013, I found myself rebalancing the IRA a few times more to stay near ...
by scrabbler1
Thu Jun 05, 2014 8:36 am
 
Forum: Investing - Theory, News & General
Topic: Changed asset allocation from 60/40 to 50/50 today
Replies: 56
Views: 5314

Re: Uninsured / Underinsured Motorist Coverage

Sorry to tell you this but I too found out the hard way. If you carry only liability and no collision insurance, then you are out of luck even if you carry UIM coverage ... At least that is what State Farm told me after I had been struck by an UIM. I was driving an older truck which I didn't think ...
by scrabbler1
Wed Jun 04, 2014 11:24 pm
 
Forum: Personal Consumer Issues
Topic: Uninsured / Underinsured Motorist Coverage
Replies: 40
Views: 1865

Re: Uninsured / Underinsured Motorist Coverage

Two things: The first is something I meant to add to my earlier post explaining a few things about the UM/UIM coverages. UIMBI is a complicated coverage because there are 3 different ways it applies depending on state law. The first is the most limited coverage, a difference of limits between the ot...
by scrabbler1
Wed Jun 04, 2014 9:32 pm
 
Forum: Personal Consumer Issues
Topic: Uninsured / Underinsured Motorist Coverage
Replies: 40
Views: 1865

Re: Uninsured / Underinsured Motorist Coverage

Scrabbler1, Thanks for sharing your perspective. Sounds like you have experience at the national level. I was wondering if your experience includes knowledge of UM/UIM benefits paid by insurance companies to compensate insureds and/or their families for injuries/death caused by uninsured/underinsur...
by scrabbler1
Wed Jun 04, 2014 7:05 pm
 
Forum: Personal Consumer Issues
Topic: Uninsured / Underinsured Motorist Coverage
Replies: 40
Views: 1865

Re: Uninsured / Underinsured Motorist Coverage

I worked for 23 years in the actuarial field, specializing in personal auto insurance (and was the go-to person in my division for UM/UIM issues for many of those years) until I left the inudstry 5 years ago. What Kenner posted in pink is correct. Several states require UMBI to be purchased on one's...
by scrabbler1
Wed Jun 04, 2014 6:36 pm
 
Forum: Personal Consumer Issues
Topic: Uninsured / Underinsured Motorist Coverage
Replies: 40
Views: 1865

Re: Replacement checks?

I last bought 150 checks in 2012 from Checks Unlimited for $7.50. The time before that was 200 checks in 2008 from Direct Checks for $10. I'd collect those ads which are part of larger advertising mailers and put them away with my existing blank checks. The only problem would be that some of them wo...
by scrabbler1
Wed Jun 04, 2014 6:11 pm
 
Forum: Personal Consumer Issues
Topic: Replacement checks?
Replies: 29
Views: 1582

Re: Timing of bond fund dividend payments

Until a few years ago, a Fidelity bond fund I have been in had a one-day "spike" in its daily Mil Rate (the daily dividend per share) every December around halfway through the month. It became part of the fund's December dividend payout. This "spike" had an effect on my income ta...
by scrabbler1
Mon Jun 02, 2014 6:54 am
 
Forum: Investing - Theory, News & General
Topic: Timing of bond fund dividend payments
Replies: 8
Views: 832

Re: Costs that go down/away or go up/first appear in retirem

Maybe I'm wrong, but I thought costs would substantially decrease when retired. Every situation is different but what I am looking at is: zero federal/state/fica taxes - living off of long term cap gains and dividends (this of course assumes you can live for less then ~70k per year) with new health...
by scrabbler1
Thu May 29, 2014 10:55 am
 
Forum: Personal Finance (Not Investing)
Topic: Costs that go down/away or go up/first appear in retirement
Replies: 30
Views: 2865

Re: Market fluctuation in late 2008

I never heard of the MOABO acronym until now, but I like it a lot! It surely applies to me and how I cleaned up in late 2008 when, after I retired (early, at 45), I was able to buy 25% more shares of my chosen bond fund because it was available at bargain-basement prices. I had cashed out my company...
by scrabbler1
Thu May 29, 2014 10:30 am
 
Forum: Investing - Theory, News & General
Topic: Market fluctuation in late 2008
Replies: 51
Views: 3346

Re: How do you make your money?

plannerman wrote:When I was growing up, my father used to talk about making his money work for him. I didn't know then what he was talking about--now I do. I play golf while my money works for me.

plannerman


We think alike, my friend! :sharebeer
by scrabbler1
Fri May 23, 2014 11:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: How do you make your money?
Replies: 97
Views: 12741

Re: "Unsafe driving" vs 2 points speeding ticket

* I’ve had 2 tickets before this one – a speeding one 12 years ago and a “reckless driving” 5 years ago. . . . Each was 2 points and were removed next year . . . * I did a defensive driving course 2 years ago to reduce insurance, I think I can’t take another for a year more . . . my choices beyond ...
by scrabbler1
Fri May 23, 2014 5:58 pm
 
Forum: Personal Consumer Issues
Topic: "Unsafe driving" vs 2 points speeding ticket
Replies: 7
Views: 876

Re: How do you make your money?

As a 51-year-old early retiree for the last 5 1/2 years, my money works for me to make money, not the other way around. :D
by scrabbler1
Fri May 23, 2014 5:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: How do you make your money?
Replies: 97
Views: 12741

Re: what had biggest impact on your financial success?

(1) Being childfree. (2) Working for a company whose stock value grew by a factor of 30 by the time I left it 11 years after the ESOP was introduced, enabling me to retire at 45. (3) LBYM. (4) Never having more than 1 of the "big 3" types of debt - car loan (always paid cash), student loan...
by scrabbler1
Fri May 16, 2014 2:12 am
 
Forum: Personal Finance (Not Investing)
Topic: what had biggest impact on your financial success?
Replies: 57
Views: 4138
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