Search found 1576 matches

by Frugal Al
Sat Jul 09, 2016 7:33 am
Forum: Personal Finance (Not Investing)
Topic: Quicken
Replies: 31
Views: 1859

Re: Quicken

I think we get the drift, abuss: you don't like or miss Quicken. I find Quicken to be a time saver, and I agree with Toons that nothing else quite has the functionality at this time.
by Frugal Al
Thu Jul 07, 2016 6:56 am
Forum: Investing - Theory, News & General
Topic: "Why most retirees will never spend down their portfolio" by Michael Kitces
Replies: 89
Views: 10543

Re: "Why most retirees will never spend down their portfolio" by Michael Kitces

While I definitely appreciate the point that Cruncher is making, considering "real" spending assumptions, I think what Kitces is also pointing out is that consumption in the later years of retirement significantly lags inflation, making "real" assumptions problematic as well. Her...
by Frugal Al
Wed Jun 29, 2016 12:53 pm
Forum: Personal Finance (Not Investing)
Topic: How to make an easy $500 like I just did [Chase bank offer]
Replies: 60
Views: 8168

Re: How to make an easy $500 like I just did [Chase bank offer]

madbrain wrote:I have no issue using Chase checking and credit cards with Quicken, and there is no fee for using Quicken.

Thanks for your response.
by Frugal Al
Tue Jun 28, 2016 6:59 am
Forum: Personal Finance (Not Investing)
Topic: How to make an easy $500 like I just did [Chase bank offer]
Replies: 60
Views: 8168

Re: How to make an easy $500 like I just did [Chase bank offer]

This promotion seems like it might be worth the trouble. For those of us who use Quicken, can anyone speak to using it with Chase? In the past they didn't always play well together, and I believe Chase charged an extra monthly fee for those using personal financial software. Also, Jamie Dimon isn't ...
by Frugal Al
Thu Jun 23, 2016 3:48 pm
Forum: Investing - Theory, News & General
Topic: Why do people buy annuities?
Replies: 125
Views: 15995

Re: Why do people buy annuities?

Profitability is another problem, of course, but don't the insurers match maturities on liabilities and assets? That's the way I would run an insurance company (or a bank, which is another topic). The insurance companies do attempt to liability match, but the nature of some of their very long durat...
by Frugal Al
Tue Jun 21, 2016 4:51 am
Forum: Personal Finance (Not Investing)
Topic: Early Pension Payout Question
Replies: 11
Views: 1531

Re: Early Pension Payout Question

The lump sum available at age 65 is probably not too accurate, and not guaranteed, assuming this is a typical pension. Who knows what interest rates will be 26 years out. Also, a better IRR comparison is to use the 100% joint life payout amount, if available, since the survivorship feature is more s...
by Frugal Al
Fri Jun 17, 2016 1:06 pm
Forum: Investing - Theory, News & General
Topic: Why do people buy annuities?
Replies: 125
Views: 15995

Re: Why do people buy annuities?

There is no other way to get longevity insurance than to buy a life annuity. That's not entirely true. Although some can't afford to defer social security, the best value in longevity insurance is FIRST optimizing social security. I see too many people take SS early, only to turn around and buy an ...
by Frugal Al
Fri Jun 10, 2016 9:05 am
Forum: Personal Finance (Not Investing)
Topic: Evaluate Options - Lumpsum or Monthly
Replies: 4
Views: 397

Re: Evaluate Options - Lumpsum or Monthly

You could also get a quote on a deferred fixed annuity purchased with the lump sum. One place to do that is https://www.immediateannuities.com/annuity-calculators/?sce=hc. If the pension annuitization is imminent, say a year or two, comparing pricing to a commercially available annuity can be worth...
by Frugal Al
Fri Jun 10, 2016 7:54 am
Forum: Personal Finance (Not Investing)
Topic: Pension-PBGC & Fund management
Replies: 9
Views: 372

Re: Pension-PBGC & Fund management

I wouldn't worry too much about the single employer PBGC coverage, provided that one falls within the coverage limits--it appears that at your age/amount it is within limits. Unless there are health/longevity issues, or tax management issues, and/or one is sitting on >50 times anticipated expenses, ...
by Frugal Al
Tue May 31, 2016 9:35 am
Forum: Investing - Help with Personal Investments
Topic: To take a pension distribution or not????
Replies: 11
Views: 1184

Re: To take a pension distribution or not????

I realize what a good deal pensions are for employees but falling interest rates have made them increasingly expensive to fund for employers. Whether or not they are expensive to the employer (plan sponsor) is immaterial, assuming it's within PBGC limits. All one should care about is whether or not...
by Frugal Al
Tue May 31, 2016 9:04 am
Forum: Investing - Help with Personal Investments
Topic: To take a pension distribution or not????
Replies: 11
Views: 1184

Re: To take a pension distribution or not????

Yes, the decision whether to take the lump sum or to take the pension can be a complicated decision with a lot of things to consider. I have read a lot of threads on this issue and a lot of informed opinion from posters. It seems that in most cases that the employee should keep the pension. Nesdaid...
by Frugal Al
Tue May 31, 2016 7:58 am
Forum: Investing - Help with Personal Investments
Topic: To take a pension distribution or not????
Replies: 11
Views: 1184

Re: To take a pension distribution or not????

If she took the $29k lump sum and turned around and spent it immediately on a deferred annuity that would start paying her in 19 years, it would pay only $325/month. The $513/mo offer in 19 years would appear to be a much better deal. Why would she do that? That's tantamount to buying water in the ...
by Frugal Al
Mon May 30, 2016 6:17 am
Forum: Personal Consumer Issues
Topic: When to get first car service done
Replies: 70
Views: 3489

Re: When to get first car service done

Thanks folks. I did not know that I could check the Oil level on my dashboard. You can't on a Honda, nor can you on most other vehicles. Don't confuse the remaining oil life with the oil level. The MM does not replace the necessity of manually checking your oil level--one of its short comings in my...
by Frugal Al
Sat May 28, 2016 5:33 am
Forum: Investing - Help with Personal Investments
Topic: Lump Sum Pension Offer
Replies: 21
Views: 1976

Re: Lump Sum Pension Offer

Shouldn't be using a single life pay rate when comparing to a lump sum option; however, any reasonable 100% joint life pay rate would still prove this to be a very rich pension. Normally with small pensions and long time horizons one can make an argument to just take the lump and be done with it--ha...
by Frugal Al
Sun May 01, 2016 6:19 am
Forum: Investing - Theory, News & General
Topic: What's a typical pension funding % ?
Replies: 30
Views: 3721

Re: What's a typical pension funding % ?

Congress regularly tinkers with the discount rates used for pension minimum funding standards as a way to raise revenue. That's what happened with "MAP-21". MAP-21 pension funding changes were made to assuage the effect low interest rates were having on plan sponsors. It was a bit of a st...
by Frugal Al
Sat Apr 30, 2016 6:35 am
Forum: Personal Consumer Issues
Topic: Buying a New Car...Is it Unwise?
Replies: 68
Views: 6338

Re: Buying a New Car...Is it Unwise?

I think you've just got a case of "new car-itis." There's absolutely nothing wrong with the car you have. You've probably taken $20k to $22k of depreciation over 8 years (and this doesn't include sales tax expense). You've got relatively low mileage on the TSX and in 8 more years it will s...
by Frugal Al
Wed Apr 27, 2016 4:43 am
Forum: Personal Consumer Issues
Topic: CVT car transmissions
Replies: 25
Views: 2492

Re: CVT car transmissions

Every Toyota Prius has a CVT, and the transmissions consistently go 300,000 miles with no problems. The Corolla will use the same tech, and likely last as long. William, you're not paying attention, you're comparing apples and oranges :oops: (see above post). The Prius doesn't use a steel belt/chai...
by Frugal Al
Tue Apr 26, 2016 3:31 pm
Forum: Personal Consumer Issues
Topic: CVT car transmissions
Replies: 25
Views: 2492

Re: CVT car transmissions

The Prius has always had a CVT and has been among the most reliable cars out there. I would expect other Toyota CVT systems to behave similarly. The Toyota Prius and other Toyota hybrids don't use a conventional CVT type transmission, but rather what they call an eCVT, utilizing a planetary gear se...
by Frugal Al
Mon Apr 25, 2016 9:16 am
Forum: Investing - Theory, News & General
Topic: Deflation ahead? Nobel Prize Economics winner's thought
Replies: 84
Views: 9166

Re: Deflation ahead? Nobel Prize Economics winner's thought

I'm dumbfounded that this thread is still open: these economic discussions seldom lead to anything good. I'm also dumbfounded that Bernanke is apparently suggesting the Fed be granted more power with his proposed concept of a Money-Financed Fiscal Policy (MFFP).
by Frugal Al
Sun Apr 24, 2016 6:51 am
Forum: Personal Finance (Not Investing)
Topic: Quicken 2014 just starting asking for "Intuit ID Password"
Replies: 16
Views: 1198

Re: Quicken 2014 just starting asking for "Intuit ID Password"

We stopped using Quicken many years ago and do not miss the cost or investment of time. Our financial lives are much more simple. I'm certainly not trying to be a shill for Quicken and I admit there is a lot of room for its improvement; but, over the many years of its use, once set up, it has saved...
by Frugal Al
Tue Apr 19, 2016 7:44 am
Forum: Investing - Theory, News & General
Topic: Warning Signs [Economic health indicators]
Replies: 282
Views: 42083

Re: Warning Signs [Economic health indicators]

If you want radio news either listen to the BBC World Service or your own (excellent) NPR, if you can. Although I enjoy some NPR programming, it is far from excellent. If I understand you correctly, Vt, you're saying one should carefully choose their biased news source. And (I'd add) they should ca...
by Frugal Al
Fri Apr 15, 2016 6:37 am
Forum: Personal Finance (Not Investing)
Topic: Is this a SS filing no-brainer?
Replies: 11
Views: 980

Re: Is this a SS filing no-brainer?

Definitely agree with others suggesting you run an SS analyzer. Although SS claiming strategies like the so-called "70/62 Solution" can work, the truth is in the details. For it to work, the higher earning spouse is older and also usually the male, having a higher mortality rate. Such a sc...
by Frugal Al
Fri Apr 08, 2016 9:23 am
Forum: Investing - Theory, News & General
Topic: guaranteed 5% vs stocks?
Replies: 202
Views: 25206

Re: guaranteed 5% vs stocks?

packet wrote:It's chasing performance... but with no down side!

Every time you share data with a new financial services provider there is a potential downside through mishandling/negligence/incompetence of that data handling. I try to open as few new accounts as possible.
by Frugal Al
Tue Mar 29, 2016 7:26 am
Forum: Investing - Theory, News & General
Topic: 3% annuity costs a little more than a CPI-U adjusted one
Replies: 17
Views: 1490

Re: 3% annuity costs a little more than a CPI-U adjusted one

I think what Cruncher saying is that TIPS are a more efficient inflation hedge than the CPI-U indexed annuity. Not only that, but TIPS are not irrevocable, as is the annuity funding. Also, the U.S. Treasury offers lower risk than an insurance company, when the bad stuff hits the fan. Given those rea...
by Frugal Al
Mon Mar 28, 2016 7:28 am
Forum: Personal Finance (Not Investing)
Topic: sellers want us to waive financing contingency
Replies: 80
Views: 6783

Re: sellers want us to waive financing contingency

They say they want our offer because we do not want to develop the land at this time, but rather for us to enjoy the property as a single family residence to raise our family. It's great that this is still going to work out for you, 'bobby. However, I've never understood property sellers that acted...
by Frugal Al
Thu Feb 25, 2016 9:38 am
Forum: Personal Consumer Issues
Topic: Winter Tire Tips
Replies: 30
Views: 2186

Re: Winter Tire Tips

If you do them, invest in a cordless impact gun. It is a real gift from the heavens for changing wheels. Good point. Even a corded impact gun is a great help. For many it's a seldom used tool, but can pay for itself in just a couple wheel changes, or water heater anode rod changes. The Harbor Freig...
by Frugal Al
Sat Feb 13, 2016 1:21 pm
Forum: Personal Finance (Not Investing)
Topic: SPIA/social security scenarios
Replies: 13
Views: 1072

Re: SPIA/social security scenarios

I just got scared with the stock market fluctuations and started thinking of options. But I know you are right. When you say dedicated bond holding, I take it you are not talking about bond index funds? bonds or government bonds? I like your way of thinking and I think another take away is to consi...
by Frugal Al
Fri Feb 12, 2016 5:43 pm
Forum: Personal Finance (Not Investing)
Topic: SPIA/social security scenarios
Replies: 13
Views: 1072

Re: SPIA/social security scenarios

Although I agree with vested's position about optimizing the SPIA's, I'm not concerned about not optimizing them since there's no legacy intent. Also, by maximizing your SS and having a significant portfolio remaining, managing inflation shoudn't be a big concern. There is a lot of info we don't hav...
by Frugal Al
Thu Feb 04, 2016 7:43 am
Forum: Investing - Help with Personal Investments
Topic: Newbie, stuck in life insurance policy.
Replies: 18
Views: 1499

Re: Newbie, stuck in life insurance policy.

I know this forum does not like life insurance policy questions, but we are really confused about it and don't to where to go. There is no problem with life insurance policy questions on this forum; everyone here is glad to help. The cautionary advice with regard to life insurance threads is that s...
by Frugal Al
Sun Jan 31, 2016 8:35 am
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 1739
Views: 386925

Re: What Movie Have You Recently Watched?

I also enjoyed Ex Machina more than my wife. I don't think she appreciated me finding the humanoid attractive.:D
Also watched Big Eyes recently. A very different film for Tim Burton. As usual, Amy Adams was great. I'd give it a solid B. No special effects here, just a fascinating drama.
by Frugal Al
Wed Jan 27, 2016 4:18 am
Forum: Personal Finance (Not Investing)
Topic: Decreasing term life insurance linked to inflation?
Replies: 20
Views: 1027

Re: Decreasing term life insurance linked to inflation?

Why would that be true? The company takes a fixed premium, to pay a fixed death benefit, and invests any early "over-payments" in fixed bonds. I don't see how inflation helps the company. Although life insurance companies practice a form of liability matching, it is imperfect due to the d...
by Frugal Al
Tue Jan 26, 2016 11:36 am
Forum: Personal Finance (Not Investing)
Topic: Decreasing term life insurance linked to inflation?
Replies: 20
Views: 1027

Re: Decreasing term life insurance linked to inflation?

My Amica term life policy benefit is inflation adjusted. This policy has a fixed premium for the term of the policy. I did not pay extra for this. In fact, this policy was the lowest cost one I found from a decent credit rated insurer. You can call Amica at 800-234-5433 Interesting, EHE. How long i...
by Frugal Al
Tue Jan 26, 2016 10:45 am
Forum: Personal Finance (Not Investing)
Topic: Decreasing term life insurance linked to inflation?
Replies: 20
Views: 1027

Re: Decreasing term life insurance linked to inflation?

MHC makes a good point: there are other ways to achieve your goal, at least somewhat. As to the reason there aren't polices designed with the attributes you seek, I suspect the chief reason is that inflation has a beneficial economic influence to the insurance company for most (virtually all) of the...
by Frugal Al
Sun Jan 17, 2016 6:30 am
Forum: Investing - Theory, News & General
Topic: I'm sitting here watching FOX Business...14200??
Replies: 92
Views: 8527

Re: I'm sitting here watching FOX Business...14200??

Watching Fox for any kind of "news" is not a good idea. Why is that Freddie? All broadcast and cable news is biased and sensationalistic today. I haven't found one news organization that doesn't color their reporting in one way or another. I certainly wouldn't change my portfolio around b...
by Frugal Al
Fri Jan 15, 2016 11:24 am
Forum: Personal Consumer Issues
Topic: Powerball math: annuity is better?
Replies: 56
Views: 5637

Re: Powerball math: annuity is better?

Powerball has 30 annual payments, first payment immediate, which do NOT end at death.
by Frugal Al
Thu Dec 31, 2015 5:57 am
Forum: Personal Finance (Not Investing)
Topic: Permanent Life Insurance- Northwestern Mutal
Replies: 42
Views: 2880

Re: Permanent Life Insurance- Northwestern Mutal

Good advice from Ole Meph, Emergedoc, et al. In fairness to the CFP, I'd be curious if the OP indicated an extreme aversion to risk, and/or a need/desire to have permanent insurance. Too many financial professionals take the easy route if it presents itself, even if it's not optimal for the client. ...
by Frugal Al
Thu Dec 31, 2015 4:45 am
Forum: Personal Finance (Not Investing)
Topic: New YNAB Available - Now with Auto-Import
Replies: 29
Views: 5630

Re: New YNAB Available - Now with Auto-Import

The one major downside is that it's now a service model with an ongoing subscription @ $5/month or $50 / year. Wow, and some here complained about Quicken needing renewed every 3 years, for a lot less than $150. Although YNAB is probably a better app for just budgeting (I haven't used it as I've be...
by Frugal Al
Wed Dec 30, 2015 2:06 pm
Forum: Investing - Theory, News & General
Topic: How much inflation in the US per year?
Replies: 56
Views: 4413

Re: How much inflation in the US per year?

Too funny, Epsilon Delta. I just blew coffee out my nose.
by Frugal Al
Wed Dec 30, 2015 1:21 pm
Forum: Personal Consumer Issues
Topic: Turn off water heater on vacation?
Replies: 66
Views: 8205

Re: Turn off water heater on vacation?

duplicate
by Frugal Al
Wed Dec 30, 2015 1:18 pm
Forum: Personal Consumer Issues
Topic: Turn off water heater on vacation?
Replies: 66
Views: 8205

Re: Turn off water heater on vacation?

I think water heater warranties conform more closely to effective life than, say, a typical computer warranty. Mostly because the of the larger sacrificial anode(s) that is included with the longer warranty. Other than that the construction and parts are basically the same, with relatively minor de...
by Frugal Al
Wed Dec 30, 2015 5:36 am
Forum: Personal Consumer Issues
Topic: Turn off water heater on vacation?
Replies: 66
Views: 8205

Re: Turn off water heater on vacation?

If you factor in installation costs, buying a heater with a shorter warranty (expected life) is a false economy, IMO. Since when does warranty equal expected life? Most products last past their warranty--even hot water tanks. Once again, all the longer warranty really gets you with a hot water tank...
by Frugal Al
Tue Dec 29, 2015 9:29 am
Forum: Personal Consumer Issues
Topic: Turn off water heater on vacation?
Replies: 66
Views: 8205

Re: Turn off water heater on vacation?

My best practices: Buy a water heater with the longest possible warranty. My last one was 12 years. It failed after 10, and Home Depot gave me a new one with another 12-year warranty. (!) Although your water heater "best practices" has some good points, your reliance upon long warranties ...
by Frugal Al
Thu Dec 17, 2015 3:02 pm
Forum: Personal Finance (Not Investing)
Topic: W4 Allowance question
Replies: 10
Views: 799

Re: W4 Allowance question

I'm assuming she's claiming 1 or 2 since we've never considered changing it The withholding information is often found on the pay stub. If not, inquire with payroll. Check the withheld amounts against the information in Pub 15 to assure accuracy and understanding of how the withheld amount is calcu...
by Frugal Al
Thu Dec 17, 2015 2:04 pm
Forum: Personal Finance (Not Investing)
Topic: Should I cash out my whole life policy?
Replies: 81
Views: 6142

Re: Should I cash out my whole life policy?

JSDNJ wrote:Can anyone tell me based on the images of my in force illustration approximately what type of return I am expecting?

I believe I did.
by Frugal Al
Thu Dec 17, 2015 1:55 pm
Forum: Personal Finance (Not Investing)
Topic: W4 Allowance question
Replies: 10
Views: 799

Re: W4 Allowance question

I've always referred to IRS Publication 15 and used the wage bracket method to calculate the number of withholding allowances needed to achieve the desired withheld amount.
by Frugal Al
Sat Dec 12, 2015 11:15 am
Forum: Investing - Theory, News & General
Topic: Wade Pfau on Reverse Mortgages
Replies: 41
Views: 4591

Re: Wade Pfau on Reverse Mortgages

Tonen wrote:Is it Government guarenteed? Otherwise, what are the odds of a Line of Credit provider figuring out some clever way of walking away from the deal (eg spinoff to a subsiduary that then becomes insolvent) if lines of credit end up being worth more than the houses?

Yes, HECM's are insured by the FHA.
by Frugal Al
Wed Dec 09, 2015 2:29 pm
Forum: Investing - Theory, News & General
Topic: Wade Pfau on Reverse Mortgages
Replies: 41
Views: 4591

Re: Wade Pfau on Reverse Mortgages

Given that the sequence of returns risk is one of the biggest threats to retirement portfolio draw down, retaining a RM and using last would seem to greatly mitigate that risk, with the increasing LOC being icing on the cake. As dodecahedron points out, it's a put with a growing strike price. I like...
by Frugal Al
Tue Dec 08, 2015 12:00 pm
Forum: Investing - Theory, News & General
Topic: Vanguard sued for [failing to charge market rates to and then paying taxes on services to its mutual funds]
Replies: 781
Views: 124619

Re: Vanguard sued for [failing to charge market rates to and then paying taxes on services to its mutual funds]

I generally don't believe in coincidence, and it's not surprising that Vanguard would be a big target among financial companies. Still, I had no idea just how much of an impact they are now having. http://www.investmentnews.com/article/20151201/FREE/151209995/how-vanguard-pulls-billions-from-wall-st...
by Frugal Al
Mon Dec 07, 2015 10:33 am
Forum: Personal Consumer Issues
Topic: Best watch for around $5,000?
Replies: 973
Views: 215808

Re: Best watch for around $5,000?

I have a friend who has a fake Rolex. You can tell the difference just by looking at the movement of the second hand. It really depends upon the year and model of the Rolex and the quality of the movement of its fake counterpart. The better knock-offs will use a movement that is running at 28,800 b...
by Frugal Al
Wed Nov 25, 2015 8:27 am
Forum: Personal Finance (Not Investing)
Topic: Rich Dad's Latest (Non Boglehead) Advice
Replies: 25
Views: 5630

Re: "The White Coat Investor"

What's he's really saying is, "Buy my book!" I doubt Taylor will read this one. Emergdoc: You're right. If I want to read real " Investment Gems ," they are in this book: The White Coat Investor Best wishes. Taylor How kind. Taylor, you exude all that is good. Thanks for all you...

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