Search found 1877 matches

by scrabbler1
Tue Jun 09, 2015 1:16 pm
Forum: Investing - Theory, News & General
Topic: What SWR/expense multiple to use for early retirement plan?
Replies: 76
Views: 5799

Re: What SWR/expense multiple to use for early retirement pl

As someone who retired 6 years ago at age 45, I ended up with a 2.5% SWR at the beginning. But, thanks to portfolio growth since late 2008 (when everything was low) and the ACA bringing my HI premiums under control, my SWR has actually dropped to around 2%. Being a Fidelity client, I ran my numbers...
by scrabbler1
Sun May 10, 2015 5:15 pm
Forum: Personal Consumer Issues
Topic: Do banks take loose coinage?
Replies: 55
Views: 3931

Re: Do banks take loose coinage?

Like supermarkets that expect you to ring up your own groceries, with no price break for doing so. I don't mind this. I use the self-checkout because I don't usually buy a lot of items, and the lines for the self-checkouts move a heck of a lot faster than being stuck in "full service" beh...
by scrabbler1
Thu Apr 30, 2015 9:17 pm
Forum: Investing - Theory, News & General
Topic: Retirees - What would you have done differently?
Replies: 48
Views: 6865

Re: Retirees - What would you have done differently?

At age 47 (2010), I had been retired for 2 years. So, I wouldn't have done anything differently to mess that up.
by scrabbler1
Wed Apr 29, 2015 10:26 am
Forum: Personal Finance (Not Investing)
Topic: Applying for Your First Credit Card
Replies: 23
Views: 1663

Re: Applying for Your First Credit Card

Two of the credit cards I have had over the years I got through the bank I had my checking account with. The first one was the first CC I had back in the mid-1980s shortly after I graduated from college and got my first full-time job. The bank (Citibank) was having a promotion in which they cut thei...
by scrabbler1
Tue Apr 21, 2015 11:58 pm
Forum: Personal Finance (Not Investing)
Topic: What's your average monthly expense???
Replies: 85
Views: 8744

Re: What's your average monthly expense???

I am 52 and retired, and live in a large co-op complex. I am single with no kids. I live on Long Island, NY. Because I live in a co-op, some of the expenses in the list are part of my overall monthly maintenance payment. Other expenses may be split between my the monthly maintenance payment and my o...
by scrabbler1
Tue Apr 21, 2015 11:20 pm
Forum: Investing - Theory, News & General
Topic: Retirees: What is your SWR in retirement?
Replies: 45
Views: 4297

Re: Retirees: What is your SWR in retirement?

I am 52 and retired for 6 1/2 years. I have an IRA but I am living only off the non-retirement portion of my portfolio. If I include the IRA in the denominator, my SWR is about 1.8%. If I exclude the IRA in the denominator, my SWR rises to about 2.8%
by scrabbler1
Wed Apr 15, 2015 10:54 pm
Forum: Personal Finance (Not Investing)
Topic: Do you wish you retired earlier?
Replies: 28
Views: 3811

Re: Do you wish you retired earlier?

I retired at 45 which was several years earlier than I thought I could. So, the answer is "no."
by scrabbler1
Wed Apr 15, 2015 2:59 pm
Forum: Personal Finance (Not Investing)
Topic: Talking to People About Retirement
Replies: 70
Views: 7101

Re: Talking to People About Retirement

While I told very few people at work I was going to retire in 2008 at age 45, just the fact that I had for the second time reduced my weekly hours worked, in 2007, from 20 to 12 had to tip people off that I could live on only 1/3 of my gross pay. They also knew I was single and childfree. Whenever s...
by scrabbler1
Tue Apr 14, 2015 1:34 pm
Forum: Personal Consumer Issues
Topic: Has Anyone had a Credit Card Cancelled for not Using It
Replies: 51
Views: 4370

Re: Has Anyone had a Credit Card Cancelled for not Using It

Recently Bank of America canceled a credit card I had used for years to pay automatically my AAA membership dues every fall. I'll confess that I never used it at any other time, so I can't really blame them for canceling it. BobinBerea I hope Citibank doesn't do this to me. Ever since I basically a...
by scrabbler1
Mon Apr 13, 2015 12:11 am
Forum: Personal Consumer Issues
Topic: Has Anyone had a Credit Card Cancelled for not Using It
Replies: 51
Views: 4370

Re: Has Anyone had a Credit Card Cancelled for not Using It

I had 2 cards closed back in 2009 which I had not used in more than 10 years, one of them (Discover) I opened in 1990 and had never used, not even once. Since that time, I had a Sears card I opened around 2007 to get a discount on something I bought but never used it since. I paid the bill in full o...
by scrabbler1
Sun Apr 12, 2015 11:07 pm
Forum: Investing - Theory, News & General
Topic: WSJ: You may need less than 80% in retirement
Replies: 98
Views: 9747

Re: WSJ: You may need less than 80% in retirement

I find the "80% of income...." ridiculous, too, because my reply to that is, "80% of WHAT?" Twice in my last 7 years of working I asked for a reduction in my weekly hours worked which resulted in a total pay cut, too. So, which income should I use? Is it my full-time pay, or eith...
by scrabbler1
Sun Apr 12, 2015 10:46 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone semi-retired? What's it like?
Replies: 16
Views: 2690

Re: Anyone semi-retired? What's it like?

I semi-retired in 2001 at age 38, working 20 hours per week in a mostly telecommuting arrangement. In 2003, the telecommuting part was terminated but I kept the 20 hours per week, going to the office 3 days a week for 3 1/2 years before I cut that back to 12 hours (2 days) a week in 2007. At the end...
by scrabbler1
Sun Apr 12, 2015 10:36 pm
Forum: Personal Finance (Not Investing)
Topic: Household Gross Income Poll
Replies: 134
Views: 13717

Re: Household Gross Income Poll

I am a 51-year-old early retiree who hasn't worked since late 2008. But I have a healthy amount of nonwage income on Form 1040, Line 22. That income does not include tax-exempt muni bond income although had I included it, I would have still selected the same poll answer.
by scrabbler1
Fri Apr 10, 2015 8:09 am
Forum: Personal Finance (Not Investing)
Topic: Health Insurance Premium Deduction and Credit
Replies: 2
Views: 369

Re: Health Insurance Premium Deduction and Credit

I happened to make 14 payments for HI premiums in 2014. This didn't matter for ACA subsidy purposes because on the ACA subsidy forms (1095-A, 8962) there is room for only 12 months of entries, regardless of which calendar year I paid them. But for Schedule A (itemized deductions) purposes, it did ma...
by scrabbler1
Thu Apr 09, 2015 8:36 am
Forum: Personal Consumer Issues
Topic: Poll: What is the credit limit of your credit card?
Replies: 56
Views: 4457

Re: Poll: What is the credit limit of your credit card?

My least used card has the smallest limit. My most used card has double that limit. My other card, which I used to use the most, but it is now not the highest reward card, has 4x+ the smallest card. For me it is just the opposite. My most used card, one I got in 2013, is a cashback card which has t...
by scrabbler1
Mon Apr 06, 2015 11:14 pm
Forum: Personal Finance (Not Investing)
Topic: Live in NY work in NJ: estimated income tax
Replies: 5
Views: 728

Re: Live in NY work in NJ: estimated income tax

Another thing I did in those 8 years as a precaution was to file my NJ Non-resident return early in the filing season before I paid the NY resident return. This was in case I made a mistake on the NJ return which was caught by the NJ tax department (hopefully, quickly, before the NY return is due). ...
by scrabbler1
Fri Apr 03, 2015 9:27 am
Forum: Personal Finance (Not Investing)
Topic: Quick NY Tax Question
Replies: 8
Views: 613

Re: Quick NY Tax Question

My friend's sister got back to me and told me she had taken the exclusion last year (she has her taxes done by a CPA). I fixed up my friend's 2014 return to do the same and am working on amending his 2013 return so he can get the exclusion for that year, too. Be careful with the exclusion amounts, ...
by scrabbler1
Fri Apr 03, 2015 9:16 am
Forum: Personal Finance (Not Investing)
Topic: Quick NY Tax Question
Replies: 8
Views: 613

Re: Quick NY Tax Question

My friend's sister got back to me and told me she had taken the exclusion last year (she has her taxes done by a CPA). I fixed up my friend's 2014 return to do the same and am working on amending his 2013 return so he can get the exclusion for that year, too.
by scrabbler1
Fri Apr 03, 2015 8:56 am
Forum: Investing - Theory, News & General
Topic: How did your 401k and IRA do 1st quarter?
Replies: 28
Views: 2132

Re: How did your 401k and IRA do 1st quarter?

My IRA grew 1.24% for the quarter. No new money in, nothing out. Only a small rebalancing transfer. The AA is 50-50.
by scrabbler1
Fri Apr 03, 2015 8:25 am
Forum: Investing - Help with Personal Investments
Topic: Inherited IRA
Replies: 12
Views: 1588

Re: Inherited IRA

Back in late 2012, a friend of mine (now 51) received as part of an inheritance an IRA worth about $95k. As his informal investment advisor, I reviewed his other holdings in various accounts (Roth IRA, 457b, taxable account) and figured out his AA in his retirement accounts and his taxable accounts,...
by scrabbler1
Wed Apr 01, 2015 11:59 pm
Forum: Personal Finance (Not Investing)
Topic: Live in NY work in NJ: estimated income tax
Replies: 5
Views: 728

Re: Live in NY work in NJ: estimated income tax

For 8 years (2001-2008), I worked in NJ while I lived (and still live) in NY. I can tell you that NJ's tax rates are lower than NY's. Grabiner described rather well what will happen. On your NY (resident) return, you will complete normally but also include Form NY-IT-112-R which will determine how m...
by scrabbler1
Wed Apr 01, 2015 8:47 am
Forum: Personal Finance (Not Investing)
Topic: Quick NY Tax Question
Replies: 8
Views: 613

Re: Quick NY Tax Question

Thank you for the quick replies. We are well aware that his RMDs begin right away with Inherited IRAs. That is, for my friend they began in 2013, the first full year he owned his Inherited IRA. For 2012, the year his mom died, his mom had not yet taken her own RMD but before the IRA got split betwee...
by scrabbler1
Wed Apr 01, 2015 7:45 am
Forum: Investing - Help with Personal Investments
Topic: Muni fund dividends considered income
Replies: 9
Views: 1201

Re: Muni fund dividends considered income

If you are subject to the AMT, then some of your muni bond fund income will be taxable at the federal level.
by scrabbler1
Wed Apr 01, 2015 6:52 am
Forum: Personal Finance (Not Investing)
Topic: Quick NY Tax Question
Replies: 8
Views: 613

Quick NY Tax Question

I am doing my friend's NY State Income Tax return and I have a small question about it. On Line 9 of Form IT-201 (the main tax form), I have to enter the taxable amount of his IRA distribution. The entire distribution is from an inherited IRA he received in late 2012 after his remaining parent (his ...
by scrabbler1
Sun Mar 29, 2015 10:56 am
Forum: Personal Finance (Not Investing)
Topic: If You Print and Mail, Do You Double-Side?
Replies: 44
Views: 15580

Re: If You Print and Mail, Do You Double-Side?

See IRB 2009-7 http://www.irs.gov/irb/2009-07_IRB/ar06.html#d0e9100 6.2.5 Mixing Forms on the Same Page Prohibited You may not show more than one form or schedule on the same printout page. Both sides of the paper may be printed for multi-page official forms, but it is unacceptable to intermix sing...
by scrabbler1
Sat Mar 28, 2015 5:37 pm
Forum: Investing - Help with Personal Investments
Topic: Smartest Financial Move You Ever Made
Replies: 139
Views: 14837

Re: Smartest Financial Move You Ever Made

Buying 4 shares of AT&T, after saving up my allowance, when I was 11 years old. Not that I made much money on that transaction but it set up a lifetime habit of saving & investing, which allowed me to retire 40 years later, just shy of my 52nd birthday. Anyone else start that early? Sorta. ...
by scrabbler1
Sat Mar 28, 2015 2:52 pm
Forum: Personal Finance (Not Investing)
Topic: If You Print and Mail, Do You Double-Side?
Replies: 44
Views: 15580

Re: If You Print and Mail, Do You Double-Side?

Anyway I've personally filed both single-sided and two-sided. When you filed single-sided, did you put your name or SS number on the pages (side two of two-sided forms) that did not have a place for identifying information? --vtMaps +1. I want to know this, too. Assume no tax software and no specia...
by scrabbler1
Fri Mar 27, 2015 7:57 am
Forum: Personal Finance (Not Investing)
Topic: If You Print and Mail, Do You Double-Side?
Replies: 44
Views: 15580

Re: If You Print and Mail, Do You Double-Side?

What VtMaps is asking, and what I'd like to know, is what about printing each side of a 2-sided form separately, without using any kind of tax software? I downloaded the free fillable pdf file for Form 1040 which includes the name and SSN only on the front side, unlike Form 8949, another 2-sided for...
by scrabbler1
Thu Mar 26, 2015 8:03 am
Forum: Personal Consumer Issues
Topic: Restaurant tipping
Replies: 200
Views: 15260

Re: Restaurant tipping

Do you all calculate your percent tip pre-tax or post-tax? Pre-tax and pre-discounts. At a restaurant I frequent, they have "suggested" tip amounts based on percentages of the pre-tax part of the check. So if the restaurant believes the pre-tax amount is the appropriate starting place to ...
by scrabbler1
Tue Mar 24, 2015 11:04 pm
Forum: Investing - Help with Personal Investments
Topic: Not maxing out 401k and/or Roth to retire by 45-50?
Replies: 8
Views: 1643

Re: Not maxing out 401k and/or Roth to retire by 45-50?

I just had a new thought, or fear, that is only notional at this point and I am curious as to others' experiences and how they managed this situation. My current plan has me maxing 401k and Roth IRA, and then contributing after tax, non-retirement account funds. The non-retirement contributions are...
by scrabbler1
Tue Mar 24, 2015 3:54 pm
Forum: Personal Consumer Issues
Topic: Restaurant tipping
Replies: 200
Views: 15260

Re: Restaurant tipping

A huge key here is I always tip pre-discount. If I'm using a coupon, or I'm going on a night where there's a special price (like 50 cent wing night), I tip based off of what my full bill would have been before discounts. It's not the waiters fault that I'm using a coupon or that there's a sale on s...
by scrabbler1
Mon Mar 23, 2015 4:59 pm
Forum: Investing - Help with Personal Investments
Topic: Municiple Fund as Emergency
Replies: 8
Views: 1136

Re: Municiple Fund as Emergency

With interest rates so low does anyone use the Vanguard Intermediate-Term Tax-Exempt Fund as their emergency fund? Historically are there that big of fluctuations that it would be a problem I needed the money for an emergency? I have my EF in tiers with a intermediate-term muni bond fund (Fidelity)...
by scrabbler1
Sun Mar 22, 2015 11:46 am
Forum: Personal Consumer Issues
Topic: Restaurant tipping
Replies: 200
Views: 15260

Re: Restaurant tipping

We often buy take out from restaurants and don't add a tip. They add state sales tax. The question is should a tip be added when ordering take out? We pickup the food at the register. I worry a little about being tagged a cheap skate. I'm not sure how that works. I already feel silly tipping much a...
by scrabbler1
Sat Mar 21, 2015 3:03 pm
Forum: Personal Consumer Issues
Topic: Restaurant tipping
Replies: 200
Views: 15260

Re: Restaurant tipping

I use 20% as my baseline but will go down to 15% if the service is subpar and will go a little over 20% if the service is unusually good. One restaurant I frequent often enough for the very skilled waitstaff to recognize me (and my dad, who is with me there), I don't go lower than 20%. As others hav...
by scrabbler1
Thu Mar 19, 2015 10:35 pm
Forum: Personal Finance (Not Investing)
Topic: What Age Did You First Ponder Financial Independence?
Replies: 74
Views: 7968

Re: What Age Did You First Ponder Financial Independence?

My earliest memory of discussing FI is back in the mid-1980s when I was around 23 years old. It was with a friend of mine at the time.

But as for actually building it into my overall financial plan, it would be in 1998 when I was 35. I had just paid off my mortgage and greatly reduced my expenses.
by scrabbler1
Thu Mar 19, 2015 8:20 am
Forum: Personal Consumer Issues
Topic: What won't you pay with Credit Card?
Replies: 77
Views: 9927

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

Maybe I'm too cautious, but I usually pay cash at restaurants. I don't like my credit card to be out of sight after learning about some employees stealing people's card information. I don't think you are too cautious. I don't want mine to be out of sight, either. There are several places I go to wh...
by scrabbler1
Wed Mar 18, 2015 11:21 pm
Forum: Personal Consumer Issues
Topic: Have You Prepared A Durable Power Of Attorney?
Replies: 24
Views: 2067

Re: Have You Prepared A Durable Power Of Attorney?

I have one, and also a health care power of attorney, both from several years ago, as part of a package which also included a will. While it isn't likely that I will need either one, it is important that I have them on file in case it is needed. If I do have a medical emergency, there is a document...
by scrabbler1
Wed Mar 18, 2015 12:28 pm
Forum: Personal Finance (Not Investing)
Topic: Definition of financial independence?
Replies: 52
Views: 5512

Re: Definition of financial independence?

You can work for money or money can work for you, or both. You are financially independent when you don't have to work for money anymore. :beer That's clean and simple. I like it. I like it, too. I want my money working for me, not the other way around. And as early retiree who has not any wage inc...
by scrabbler1
Tue Mar 17, 2015 12:22 am
Forum: Personal Consumer Issues
Topic: 60 Minutes, Dead or Alive
Replies: 15
Views: 3530

Re: 60 Minutes, Dead or Alive

I watched the 60 Minutes segment last Sunday night. I was thinking about an old episode of "All in the Family" in which Archie was declared dead by the VA(?) when Edith began receiving condolence letters. The two went to the local VA office and in a very funny scene an angry Archie yelled ...
by scrabbler1
Tue Mar 17, 2015 12:01 am
Forum: Personal Finance (Not Investing)
Topic: Do you still use currency or have you gone all-plastic?
Replies: 47
Views: 3619

Re: Do you still use currency or have you gone all-plastic?

Almost always cash for anything less than $25 and more often than not I pay cash for things up to $50. Above that usually a credit card. The fewer places I use a card the less chance there is that I will have trouble with a Home Depot or Target type data breach. Same here, with slightly different r...
by scrabbler1
Tue Mar 10, 2015 10:55 pm
Forum: Personal Finance (Not Investing)
Topic: What's your definition on Working and Retired?
Replies: 24
Views: 1924

Re: What's your definition on Working and Retired?

To me you are only "retired" if you meet all three of the following criteria: a) you're not currently working as a salaried employee (or as the sole owner/operator of a small business who may or may not receive a salary) b) you do not intend to work as a salaried employee again (or to sta...
by scrabbler1
Mon Mar 09, 2015 2:33 pm
Forum: Personal Finance (Not Investing)
Topic: When you put some credit cards in a drawer and not use them
Replies: 17
Views: 2111

Re: When you put some credit cards in a drawer and not use t

I use the ones I want to keep open at least once per year. I have had accounts close due to non-usage. Until about 2 years ago, I had 1 CC. Then I opened a new one with the bank I have my checking account with. This made the new card easier to pay (on line with a few point-and-click, no mailing a c...
by scrabbler1
Sun Mar 08, 2015 10:05 pm
Forum: Investing - Theory, News & General
Topic: Retirees: How much do you rely on investment income?
Replies: 31
Views: 4566

Re: Retires: How much do you rely on investment income?

100%. I am 51 and have been retired for 6 years. Investment income is my sole source of income to cover my expenses. I have other income sources I have often described as my "reinforcements" I can tap into starting at age ~59.5: (1) unfettered access to my IRA, (2) my frozen company pensio...
by scrabbler1
Tue Mar 03, 2015 12:17 am
Forum: Personal Consumer Issues
Topic: Retiree Poll: Satisfaction with retirement
Replies: 53
Views: 4513

Re: Retiree Poll: Satisfaction with retirement

I am 51 and have been retired for 6 years. Just being out of the rat race and the daily grind, especially the commute, is the best part. I had worked part-time for 7 years prior to fully retiring so I had already set up enough activities with my extra time. Fully retiring enabled me to expand on the...
by scrabbler1
Sun Mar 01, 2015 9:47 pm
Forum: Personal Finance (Not Investing)
Topic: Has anyone ever voluntarily downsized their job?
Replies: 32
Views: 3229

Re: Has anyone ever voluntarily downsized their job?

Twice in the last 7 years I worked, I asked for and received a reduction in the number of hours I worked per week. The first time was in 2001 when I switched from working full-time to part-time 20 hours per week). The second time was in 2007 when I further reduced my weekly hours worked from 20 to 1...
by scrabbler1
Sun Mar 01, 2015 11:50 am
Forum: Personal Finance (Not Investing)
Topic: Old car insurance
Replies: 39
Views: 3503

Re: Old car insurance

Poster Wander put it well, as did some others. I dropped Collision but kept Comp because Comp is a lot cheaper. Comp also covers you for the high-frequency, low-severity Glass cause of loss. Furthermore, to make Glass cause of loss within the Comp coverage useful, buy the full-coverage (zero deduct...
by scrabbler1
Sat Feb 28, 2015 3:55 pm
Forum: Personal Finance (Not Investing)
Topic: Old car insurance
Replies: 39
Views: 3503

Re: Old car insurance

I never heard of such a thing. I worked in the auto insurance industry for 23 years and never heard of such a requirement. I reviewed insurance data and the Collision exposures (# of cars insured by the company) were always less than the Comp exposures. The only time I know when someone has to buy ...
by scrabbler1
Sat Feb 28, 2015 3:51 pm
Forum: Personal Finance (Not Investing)
Topic: Old car insurance
Replies: 39
Views: 3503

Re: Old car insurance

Poster Wander put it well, as did some others. I dropped Collision but kept Comp because Comp is a lot cheaper. Comp also covers you for the high-frequency, low-severity Glass cause of loss. Furthermore, to make Glass cause of loss within the Comp coverage useful, buy the full-coverage (zero deducti...
by scrabbler1
Fri Feb 27, 2015 6:09 pm
Forum: Personal Finance (Not Investing)
Topic: Old car insurance
Replies: 39
Views: 3503

Re: Old car insurance

Remember, you can always drop Collision but keep Comprehensive; you don't have to buy both or reject both. I think different companies are different. My Ins company does not allow me to keep Comprehensive when I dropped Collision, so I dropped both. I never heard of such a thing. I worked in the au...
by scrabbler1
Fri Feb 27, 2015 6:02 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity 1099
Replies: 7
Views: 685

Re: Fidelity 1099

Did anyone receive their Fidelity Consolidated 1099? Yes, several weeks ago. It depends on what you have in your account. A friend and I are both Fidelity clients. I hold only 5 mutual funds with them and nothing else. I got my final 1099 several weeks ago. But my friend, who owns Fidelity funds, n...

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