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Re: How do you wash your car?

Once a year, in the spring, I bring the car to my local car wash and I pay the $6 to run it through the conveyor belt. Until a few years ago, I'd get a $1-off coupon but I haven't seen any of those in a while. I live in an apartment building and my car is in an indoor, heated garage most of the time...
by scrabbler1
Tue Oct 21, 2014 12:49 am
 
Forum: Personal Consumer Issues
Topic: How do you wash your car?
Replies: 82
Views: 2649

Re: Debit Card was hacked. Should I just use cash from now

Cash for relatively small purchases and gas (which often is not a small purchase) Credit cards for the rest. See for me if I had to pick just one thing for CC it would be gas because most stations here don't take cash at the pumps so you have to go inside and wait in line to prepay with cash. I use...
by scrabbler1
Mon Oct 20, 2014 3:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: Debit Card was hacked. Should I just use cash from now on?
Replies: 46
Views: 2584

Re: POLL: How fulfilling is your retirement?

I am 2 weeks shy of 6 years into my early retirement (I am 51 now). No big surprises, it has been as I expected. I was working part-time for 7 years before I fully retired in 2008, so it wasn't a huge change to my everyday life. Things I had been able to do nearly every day I could now do every day....
by scrabbler1
Sun Oct 19, 2014 11:41 am
 
Forum: Personal Finance (Not Investing)
Topic: POLL: How fulfilling is your retirement?
Replies: 24
Views: 1721

Re: What will you do when you retire?

I retired 6 years ago (October 31) at age 45. I had been working part-time for 7 years before that so it wasn't a huge change to my everyday life to go from working PT to not at all. It was in those 7 years I had built up some activities (hobbies, volunteer work), some new and some resurrected from ...
by scrabbler1
Sat Oct 18, 2014 7:45 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: What will you do when you retire?
Replies: 37
Views: 3539

Re: Debit Card was hacked. Should I just use cash from now

The way I use money in my transactions has evolved in the last few years. I used to use cash for nearly all of my small, everyday purchases but once I got online banking in 2010 and a cashback CC through the same local bank in 2013, it became far more convenient (and profitable) to use the CC more o...
by scrabbler1
Sat Oct 18, 2014 7:31 pm
 
Forum: Personal Finance (Not Investing)
Topic: Debit Card was hacked. Should I just use cash from now on?
Replies: 46
Views: 2584

Re: "I've had it" at work - how often

I remember in my final ~9 months of working (part-time, only 2 days a week) back in 2008, I often asked myself, "Why am I still working here?" when I began my trip home or to the office. I hated the commute, even 2 days a week. I was working hard on my early retirement plan and knew the da...
by scrabbler1
Sat Oct 18, 2014 7:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: "I've had it" at work - how often
Replies: 116
Views: 8739

Re: Calculating dividend yield

For my bond funds which pay monthly dividends, I calculate an annualized monthly yield and a latest-12-month yield. Annualized monthly yield is {{[(# shares bought or would have been bought had reinvestment been chosen) / (previous share balance)] + 1} ^ 12} - 1 Latest 12-month yield is the product ...
by scrabbler1
Mon Oct 13, 2014 12:42 am
 
Forum: Investing - Theory, News & General
Topic: Calculating dividend yield
Replies: 9
Views: 820

Re: Calculating RMDs

My friend has an inherited IRA through Fidelity. Not only does Fido tell him in its website what the RMD is at the start of the year, it shows him how it is calculated
by scrabbler1
Mon Oct 13, 2014 12:22 am
 
Forum: Personal Finance (Not Investing)
Topic: Calculating RMDs
Replies: 14
Views: 1433

Re: Retired and end of month checking account balance?

I target $1,500 whose excess over minimum account balances to avoid monthly fees acts as a first-tier EF. Over the years, including when I was working, that amount varied a bit according to the minimum account balances at my local bank. Also, when I was working, the excess over the minimum was a lit...
by scrabbler1
Mon Oct 13, 2014 12:16 am
 
Forum: Personal Finance (Not Investing)
Topic: Retired and end of month checking account balance?
Replies: 21
Views: 1838

Re: Possible Uninsured Motorist accident - UPDATE

When I bought new cars in 1992 and 2007, I traded in my old car each time. This enabled me to keep my existing license plate and saved me a few bucks. The salesman removed the plates from my trade-in and attached them to my new car after we completed all the paperwork. I am in New York.
by scrabbler1
Sat Oct 11, 2014 10:07 pm
 
Forum: Personal Consumer Issues
Topic: Possible Uninsured Motorist accident - UPDATE
Replies: 47
Views: 3313

Re: Why Hold Cash in Retirement Account

I don't keep any cash in my own IRA, but my friend keeps a small amount of cash in his inherited IRA because he has to make RMDs every year. I have it set up so that his investments every year generate slightly more than his RMD so when the time comes all he has to do is transfer the RMD from the IR...
by scrabbler1
Wed Oct 08, 2014 11:27 pm
 
Forum: Investing - Theory, News & General
Topic: Why Hold Cash in Retirement Account
Replies: 21
Views: 1639

Re: Things that you will not spend money on and most people

Alcohol, tobacco products, lottery tickets, cell phone, coffee, expensive hobbies.
by scrabbler1
Wed Oct 08, 2014 5:36 pm
 
Forum: Personal Consumer Issues
Topic: Things that you will not spend money on and most people do?
Replies: 78
Views: 3991

Re: Retirees only, what was you average investment return?

It was just over 10% for me but that was due in large part to the exploding value of the company stock which was in my 401k/ESOP account. Without the ESOP it had been just over 7% but in late 2008 when I had to liquidate it and do a rollover of the non-ESOP into an IRA it had dropped to just below 7...
by scrabbler1
Wed Oct 08, 2014 8:00 am
 
Forum: Investing - Theory, News & General
Topic: Retirees only, what was you average investment return?
Replies: 49
Views: 3331

Re: Rollover my Publix ESOP

305749 wrote:Can anyone please clarify whether or not NUA rules can be used for privately held company shares such as those for Publix? I was told by Schwab that it can only be used for publicly traded shares.

thanks


I used NUA when I cashed out my company stock which at the time was privately held.
by scrabbler1
Tue Oct 07, 2014 11:26 pm
 
Forum: Investing - Help with Personal Investments
Topic: Rollover my Publix ESOP
Replies: 11
Views: 957

Re: Real life windfall experiences?

My big windfall was the $300k in company stock I was able to cash in back in 2008 and retire at age 45. I did not have to buy this stock, it was a bennie on top of the 401k matching, the frozen company pension, and the cash balance program (replaced the pension) which were part of my overall benefit...
by scrabbler1
Tue Oct 07, 2014 11:42 am
 
Forum: Personal Finance (Not Investing)
Topic: Real life windfall experiences?
Replies: 23
Views: 4272

Re: Inherited IRA

Late to the dance but I can put my two cents in. My friend has an inherited IRA after his remaining parent (mom) passed away in 2012. I help him out managing the IRA, a large brokerage account he inherited, and his previous accounts which include a 457b savings plan, a ROTH IRA, and a small brokerag...
by scrabbler1
Fri Oct 03, 2014 9:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: Inherited IRA
Replies: 13
Views: 1085

Re: does anybody out there own a two fund portfolio?

My rollover IRA with Fidelity consists of only 2 funds, an S&P500 index fund and an intermediate-term, investment-grade corporate bond fund. It's about 50/50 now. Nice and simple and easy to keep track of and to rebalance when necessary.
by scrabbler1
Fri Oct 03, 2014 9:35 pm
 
Forum: Investing - Theory, News & General
Topic: does anybody out there own a two fund portfolio?
Replies: 14
Views: 2082

Re: What bumps were along your road?

I turned the bumps in my road into something good. I hit that "wall" of working full-time in the late 1990s so by 2001 (before the 9/11 attacks), combined with my company relocating from lower Manhattan to Jersey City, New Jersey, I was able to use every ounce of leverage I had into workin...
by scrabbler1
Fri Oct 03, 2014 1:45 am
 
Forum: Personal Finance (Not Investing)
Topic: What bumps were along your road?
Replies: 44
Views: 3110

Re: Possible Uninsured Motorist accident

I worked for 23 years in the actuarial part of the insurance industry, specializing in personal auto, but have been out of the field for the last 6 years. Pennsylvania the whole time was not one of the states which allowed UMPD to be sold. In fact, UMBI and UMBI became separate and optional after th...
by scrabbler1
Fri Oct 03, 2014 1:12 am
 
Forum: Personal Consumer Issues
Topic: Possible Uninsured Motorist accident - UPDATE
Replies: 47
Views: 3313

Re: need for a backup credit card?

We have two for the reasons mentioned. I carry the MC and my wife carries the Visa. When we went on a recent trip to another state I went to the website of each and put in the vacation information (which states we were traveling to and what dates). That prevents the problems mentioned of cards bein...
by scrabbler1
Wed Oct 01, 2014 9:44 am
 
Forum: Personal Finance (Not Investing)
Topic: need for a backup credit card?
Replies: 37
Views: 1652

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
Wed Oct 01, 2014 9:35 am
 
Forum: Investing - Theory, News & General
Topic: What SWR/expense multiple to use for early retirement plan?
Replies: 63
Views: 3036

Re: need for a backup credit card?

When I got a new CC last year (through my regular bank I have a checking account with; it's also a cashback card), I relegated my previous card to back-up status. I still charge one small item a year automatically to keep the card open even though I don't carry it with me unless I travel out of town...
by scrabbler1
Tue Sep 30, 2014 10:34 am
 
Forum: Personal Finance (Not Investing)
Topic: need for a backup credit card?
Replies: 37
Views: 1652

Re: Do you include 1040-ES in your emergency funds?

Back in 2010 I had to tap into my second-tier EF to make an estimated tax payment because one of my mutual funds paid an unexpectedly large short-term cap gain distribution in June. I reinvest my cap gain distributions and I didn't want to pull money from that fund to pay its estimated taxes (the fu...
by scrabbler1
Fri Sep 26, 2014 8:12 am
 
Forum: Personal Finance (Not Investing)
Topic: Do you include 1040-ES in your emergency funds?
Replies: 9
Views: 737

Re: POLL: Would you rather work half as long or half as ofte

I chose #2 only because once I saw FI being very achievable after 16 years of full-time work, I opted to work part-time for 7 more years instead of working full-time for less than 7 more years to get there.
by scrabbler1
Thu Sep 25, 2014 5:51 pm
 
Forum: Personal Consumer Issues
Topic: POLL: Would you rather work half as long or half as often?
Replies: 68
Views: 4115

Re: Inherited IRA RMD

When my friend's mom passed away 2 years ago, she had an IRA and a large brokerage account which got split up between my friend and his sister. The man who handled the accounts did the RMD because she hadn't taken the RMD yet. Any tax implications from that RMD were paid for by the estate before its...
by scrabbler1
Wed Sep 24, 2014 3:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: Inherited IRA RMD
Replies: 12
Views: 1285

Re: What's in your tax advantage accounts?

Back in my working days, I kept most of my 401k money in 2 funds - a Stable Value fund and an S&P500 Index fund. I did branch out to 2 more funds for a few years but eventually consolidated back into those 2 original funds. I was always more mindful about keeping expenses low in my retirement ac...
by scrabbler1
Tue Sep 23, 2014 9:57 am
 
Forum: Investing - Theory, News & General
Topic: What's in your tax advantage accounts?
Replies: 56
Views: 4503

Re: How much you need to save as multiple of salary

I don't what salary has to do with anything. Same here. Expenses matter, not salary. Twice in my last 7 years of working I asked for and received a reduction in my salary because I wanted to work fewer hours until I eventually retired early. My savings rate fell when I did this, of course, but not ...
by scrabbler1
Tue Sep 16, 2014 10:04 am
 
Forum: Investing - Theory, News & General
Topic: How much you need to save as multiple of salary
Replies: 51
Views: 6360

Re: Do I need to hold my emergency fund in cash?

A lot of people, including me, put their EF in layers, or tiers. My first tier is about $750 in surplus cash in local bank's checking account above the minimum balance to avoid monthly fees. I use this to cover small, unforeseen expenses which may arise in a given month. My second tier is about $40k...
by scrabbler1
Sun Sep 14, 2014 6:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: Do I need to hold my emergency fund in cash?
Replies: 29
Views: 3353

Re: Anyone moved from NY?

I'm a city gal, I LOVE, LOVE LOVE city life. things I've learned are important. 1) walkability. I hate driving every where. While I can't say I'm a "cty guy," when I lived in Manhattan for a few years in the 1980s I liked being able to walk to most places. I was able to bring that desire ...
by scrabbler1
Wed Sep 10, 2014 12:25 pm
 
Forum: Personal Consumer Issues
Topic: Anyone moved from NY?
Replies: 43
Views: 2971

Re: Anyone moved from NY?

I have lived on Long Island for most of my life (I am 51) except for a few years in the 1980s when I was in college in Manhattan. If you are not living the so-called "life script" (i.e. marriage, kids, a house) then LI is not a bad place. I live in a small apartment in a well run co-op com...
by scrabbler1
Wed Sep 10, 2014 9:58 am
 
Forum: Personal Consumer Issues
Topic: Anyone moved from NY?
Replies: 43
Views: 2971

Re: Do you keep paper copies of your investment statements?

I do keep all of my canceled checks going back to the 1980s although since my bank stopped sending them to me a few years ago, I had to print them out on line. I forgot to do that a few months a few years ago so I have some gaps in there. It was too far back for the bank to still have them on line....
by scrabbler1
Wed Sep 10, 2014 8:58 am
 
Forum: Personal Finance (Not Investing)
Topic: Do you keep paper copies of your investment statements?
Replies: 33
Views: 1928

Re: Do you keep paper copies of your investment statements?

I keep paper copies of the monthly statements and any confirmation receipts until the annual statement comes out. As for bills, I keep the previous year's bills plus the current year as it builds up. When I get ready to shred the second year back's bills after the current year becomes complete, I go...
by scrabbler1
Wed Sep 10, 2014 1:25 am
 
Forum: Personal Finance (Not Investing)
Topic: Do you keep paper copies of your investment statements?
Replies: 33
Views: 1928

Re: Credit Card Account [Automatically Closed] due to inacti

I had 3 cards closed in 2008-09 due to inactivity. One was a department store charge card I opened in 2007 just to get a discount on something I bought. I never used that card again. I never got any warning letter, not that I cared. The other two cards I had since the early 1990s. One I had used fro...
by scrabbler1
Mon Sep 08, 2014 8:49 am
 
Forum: Personal Finance (Not Investing)
Topic: Credit Card Account [Automatically Closed] due to inactivity
Replies: 29
Views: 2001

Re: POLL: Has a financial firm made a mistake with your mone

It seems there's no options about banks making errors with their money???? Is that intentional? As mr monopoly said "bank error in your favor.... Collect 200$" I had a real-life version of that Monopoly card once back in the 1980s. I made a cash deposit of $100 but the bank teller was una...
by scrabbler1
Sun Sep 07, 2014 7:51 am
 
Forum: Personal Finance (Not Investing)
Topic: POLL: Has a financial firm made a mistake with your money?
Replies: 52
Views: 2749

Re: Can estimated tax replace withholding?

I have told this story a few times over the years but I will tell it again. Back in 1985, the first year I was working full-time, I claimed 12 allowances (yup, not exemptions) on my W-4 form. Back then, there were no IRS online calculators to aid my figuring out what nyumber I should write on the W-...
by scrabbler1
Sat Sep 06, 2014 6:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: Can estimated tax replace withholding?
Replies: 11
Views: 681

Re: RMD Process

My friend has an inherited IRA so he has to make RMDs even though he is only 51. He has some individual stocks and bonds in the IRA which spin off interest and dividends throughout the year into its cash account. The interest and dividends end up being slightly more than his RMD so every year we can...
by scrabbler1
Sat Sep 06, 2014 9:40 am
 
Forum: Personal Finance (Not Investing)
Topic: RMD Process
Replies: 13
Views: 779

Re: Coin Counting Machines

No one else needs their quarters for the laundromat? Just me then? :( Other coins went to TD Bank when their counting machines were for everyone. Now that they're for account-holders only it's the Coinstar machine for Amazon credit. I make sure to keep any quarters I get as change and put the rest ...
by scrabbler1
Fri Sep 05, 2014 11:39 pm
 
Forum: Personal Consumer Issues
Topic: Coin Counting Machines
Replies: 58
Views: 4170

Re: Poll: Cash Holdings

What about the cash portions of mutual funds as shown in their annual reports? Somehow, I don't think the OP means for us to include them. If I cound only the cash in my local bank's checking account (everything else is in mutual funds, nothing less risky than an intermediate-term muni bond fund), t...
by scrabbler1
Fri Sep 05, 2014 10:58 pm
 
Forum: Investing - Theory, News & General
Topic: Poll: Cash Holdings
Replies: 65
Views: 3699

Re: Coin Counting Machines

I rarely use cash, since I want credit card rewards, and when I do, I carry around a coin wallet, so I actually spend my coins. Also, I haven't seen them in grocery stores around here, but some grocery stores have self service checkout. I've seen people bring their jar of coins in and use self chec...
by scrabbler1
Fri Sep 05, 2014 9:22 am
 
Forum: Personal Consumer Issues
Topic: Coin Counting Machines
Replies: 58
Views: 4170

Re: Coin Counting Machines

Once in a while, I use the self-checkout machine at the supermarket. I can use as part of my payment all the coins I want (anything less than a quarter). If I get coins back as change, I get quarters first which is fine.
by scrabbler1
Wed Sep 03, 2014 5:19 pm
 
Forum: Personal Consumer Issues
Topic: Coin Counting Machines
Replies: 58
Views: 4170

Re: Reinvest dividends and capital gains?

Would it make a difference if the holdings in taxable is a national and /or state tax free muni mutual fund if it would be better to reinvest or take as cash? Thanks Are you asking about the process or from an advisory perspective? The process is the same. As for advice, if you need the money to me...
by scrabbler1
Wed Sep 03, 2014 8:10 am
 
Forum: Investing - Help with Personal Investments
Topic: Reinvest dividends and capital gains?
Replies: 44
Views: 3957

Re: Reinvest dividends and capital gains?

Beginner question...how do I actually transfer dividends to a money market fund if I don't have 3,000 sitting in cash already? Because that's the minimum investment. Vanguard brokerage accounts come with a money market account they call a sweep account. There is no minimum balance requirement. If y...
by scrabbler1
Wed Sep 03, 2014 7:47 am
 
Forum: Investing - Help with Personal Investments
Topic: Reinvest dividends and capital gains?
Replies: 44
Views: 3957

Re: Reinvest dividends and capital gains?

As an early retiree, I use most (about 2/3) of my dividends to pay my bills. Excess dividends and all cap gain distributions are reinvested.
by scrabbler1
Tue Sep 02, 2014 8:22 am
 
Forum: Investing - Help with Personal Investments
Topic: Reinvest dividends and capital gains?
Replies: 44
Views: 3957

Re: ACH transfers

Many banks and credit unions will "pull" (by ACH) from another bank or credit union account - either on a one-time basis or on a regular schedule. One example of a "pull" ACH is commonly done if you are late on a loan payment (that you normally pay by check) and you are contacte...
by scrabbler1
Sat Aug 30, 2014 1:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: ACH transfers
Replies: 14
Views: 1060

Re: Trying to understand the 1040 Tax Table

LOL Rusty, I use Lotus2000 for many of my spreadsheets. I do know how to use Excel, too, I just prefer Lotus because I used that in my formative years of my working career. The formula I posted is a Lotus one. As for bunching, there is a downside to bunching, as I have figured out from my handy-dand...
by scrabbler1
Thu Aug 28, 2014 9:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: Trying to understand the 1040 Tax Table
Replies: 36
Views: 2497

Re: Trying to understand the 1040 Tax Table

I have a homemade spreadsheet which mimics a tax form including the income taxed which come from the tax table. I am able to convert the income amount to the midpoint of the $50 range then calculate the taxes due based on that adjusted income amount. That amount matches the tax shown in the tax tab...
by scrabbler1
Thu Aug 28, 2014 2:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: Trying to understand the 1040 Tax Table
Replies: 36
Views: 2497

Re: Mortgages and financial freedom

Paying off my mortgage back in 1998 was a key step toward my early retirement which began in 2008. I had a 1-year ARM whose interest rate had crept up to just over 8% after I refinanced it at 6% in 1992. I used some of the gains in the booming stock market to pay it off. With my expenses greatly low...
by scrabbler1
Thu Aug 28, 2014 12:34 am
 
Forum: Personal Finance (Not Investing)
Topic: Mortgages and financial freedom
Replies: 111
Views: 7076

Re: Guidance on car insurance

I worked in the actuarial field for 23 years, specializing in personal auto insurance. I can tell you that the cost for buying $50k for Property Damage (PD) Liability is not a lot higher than for $20k or $25k, so you should definitely up the PD limit. And No-Fault, or PIP, depending on your state, w...
by scrabbler1
Thu Aug 28, 2014 12:11 am
 
Forum: Personal Finance (Not Investing)
Topic: Guidance on car insurance
Replies: 9
Views: 740

Re: Trying to understand the 1040 Tax Table

Faith20879, if you want to see how the tax brackets work their way into the tax tables, look at the tax liabilities for two income amounts $1,000 apart. Make sure the two income amounts do not straddle a tax bracket's end point. If they are in the 15% bracket, for example, then the tax amounts will ...
by scrabbler1
Mon Aug 25, 2014 11:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: Trying to understand the 1040 Tax Table
Replies: 36
Views: 2497

Re: AA Between Taxable and Retirement Accounts For Early Ret

At 51, I am an early retiree for the last 6 years. My rollover IRA was at 55/45 (just like it was in my 401k in my working years) until last year when I trimmed it to 50/50. My taxable account is 65/35 in favor of bonds because I use the bond fund's income to pay my expenses. I always have viewed th...
by scrabbler1
Sun Aug 24, 2014 12:20 pm
 
Forum: Investing - Help with Personal Investments
Topic: AA Between Taxable and Retirement Accounts For Early Retiree
Replies: 15
Views: 1592
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