Search found 1196 matches

by TravelforFun
Sat May 19, 2018 8:41 pm
Forum: Personal Finance (Not Investing)
Topic: Helping Adult Children (but not too much)
Replies: 65
Views: 3868

Re: Helping Adult Children (but not too much)

Both our son and his parents are a work in progress in terms of weaning him off the parental payroll. It is perhaps easier to keep supporting him but we feel it is time for him to take responsibility for his life as an adult. Toughest dilemma for parents. I’ve heard of people kicking their kids out...
by TravelforFun
Sat May 19, 2018 6:50 pm
Forum: Personal Finance (Not Investing)
Topic: Helping Adult Children (but not too much)
Replies: 65
Views: 3868

Re: Helping Adult Children (but not too much)

Parents who do help their kids out, what are your thoughts on parents who don’t help their kids? When I say help, I mean things like college, home, grandkids college, etc. We realize every family is different. We help our kids quite a bit (see post above) and they're very appreciative of it. As lon...
by TravelforFun
Sat May 19, 2018 11:51 am
Forum: Personal Finance (Not Investing)
Topic: What’s your phone/internet bill?
Replies: 61
Views: 3064

Re: What’s your phone/internet bill?

If your cell phone bill is high, it may not be high because of the service charges, it may be high because of the monthly installments on your devices. An iPhone X could add $45 a month to your bill.

TravelforFun
by TravelforFun
Sat May 19, 2018 11:44 am
Forum: Personal Finance (Not Investing)
Topic: What’s your phone/internet bill?
Replies: 61
Views: 3064

Re: What’s your phone/internet bill?

nyclon wrote:
Sat May 19, 2018 11:29 am

Internet: $0. The fifth phone stays in our home with hotspot on 24/7. That line costs $35 with hotspot. We could easily get rid of it and just add hotspot to another line for $10, effectively reducing the phone bill to $110.
How fast is the Wi-Fi hotspot?

TravelforFun
by TravelforFun
Sat May 19, 2018 11:34 am
Forum: Personal Finance (Not Investing)
Topic: Helping Adult Children (but not too much)
Replies: 65
Views: 3868

Re: Helping Adult Children (but not too much)

We helped two of our adult children with the down payments on their first homes, have been funding a daughter's Roth IRA every year since her income is low, have been funding a grandson's Roth IRA the last three years, and take and pay for a family (kids, spouse, and grandkids) vacation once a year....
by TravelforFun
Thu May 17, 2018 10:21 pm
Forum: Investing - Theory, News & General
Topic: Why do so many people quote "You will likely be in a lower tax bracket in retirement"
Replies: 361
Views: 15550

Re: Why do so many people quote "You will likely be in a lower tax bracket in retirement"

Another important factor to take into consideration when deciding on taxable vs. IRA is that IRA money when withdrawn would be taxed as ordinary income, but the gain in taxable would be taxed as long term capital gain or 15% for most people. The 15% tax rate is very attractive. TravelforFun This mi...
by TravelforFun
Thu May 17, 2018 9:51 pm
Forum: Investing - Theory, News & General
Topic: Why do so many people quote "You will likely be in a lower tax bracket in retirement"
Replies: 361
Views: 15550

Re: Why do so many people quote "You will likely be in a lower tax bracket in retirement"

Another important factor to take into consideration when deciding on taxable vs. IRA is that IRA money when withdrawn would be taxed as ordinary income, but the gain in taxable will be taxed as long term capital gain or 15% for most people. The 15% tax rate is very attractive.

TravelforFun
by TravelforFun
Thu May 17, 2018 6:54 pm
Forum: Personal Finance (Not Investing)
Topic: Having trouble figuring out expected expenses in retirement
Replies: 36
Views: 2268

Re: Having trouble figuring out expected expenses in retirement

I don't do a budget but I've been keeping track of my expenses for the last 30 years. I know how much we need to maintain our lifestyle which I plan to do in retirement.

TravelforFun
by TravelforFun
Thu May 17, 2018 6:44 pm
Forum: Investing - Theory, News & General
Topic: Are you including annual increases in contributions in your projections?
Replies: 36
Views: 1482

Re: Are you including annual increases in contributions in your projections?

I use a 3% annual increase in contribution and 6% annual gain to project my asset. I use a spreadsheet to run the numbers.

TravelforFun
by TravelforFun
Thu May 17, 2018 1:32 pm
Forum: Investing - Theory, News & General
Topic: Why do so many people quote "You will likely be in a lower tax bracket in retirement"
Replies: 361
Views: 15550

Re: Why do so many people quote "You will likely be in a lower tax bracket in retirement"

People who are filling all those accounts are actually living on a much lower amount than their income. When the time comes for retirement, unless their expenses go up a lot, they will need/take a much lower income than they had while working. Thus....the lower tax bracket in retirement. Do not con...
by TravelforFun
Wed May 16, 2018 9:36 pm
Forum: Investing - Help with Personal Investments
Topic: Can I afford to retire now?
Replies: 35
Views: 4524

Re: Can I afford to retire now?

1. Can I retire now? Or should I dust off my resume (was laid off after acquisition) and work a few more years – Comments? You should work a couple of more years. This is how I figure how much you should have in order to retire now. Discounting your wife's income because it's temporary, you would n...
by TravelforFun
Wed May 16, 2018 9:31 pm
Forum: Local Chapters and Bogleheads Community
Topic: Roll Call for the Retirement Class of 2019!
Replies: 40
Views: 3466

Re: Roll Call for the Retirement Class of 2019!

For those who are retiring soon, do you want: 1) a big retirement party, 2) a lunch with some close colleagues, or 3) to just ride off quietly into the sunset? Just curious. I think I'll do #3.

TravelforFun
by TravelforFun
Wed May 16, 2018 9:27 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2579
Views: 491482

Re: What's Your Credit Card Rewards Strategy?

Q: Does the Costco Anywhere Visa from Citi code Costco Food Court purchases as restaurant (3%) or just regular Costco purchases (2%)? You must be buying a lot of $0.99 hot dogs :sharebeer 99-cent hot dogs? My local Costco charges $1.50. TravelforFun Don’t brag about splurging for the hot dog/soda c...
by TravelforFun
Wed May 16, 2018 8:21 pm
Forum: Personal Consumer Issues
Topic: how do you tip on wine at a restaurant
Replies: 130
Views: 6743

Re: how do you tip on wine at a restaurant

I like the European way. They pay their kitchen and wait staff living wages so tips are not expected.

TravelforFun
by TravelforFun
Wed May 16, 2018 5:57 pm
Forum: Investing - Help with Personal Investments
Topic: Can I afford to retire now?
Replies: 35
Views: 4524

Re: Can I afford to retire now?

1. Can I retire now? Or should I dust off my resume (was laid off after acquisition) and work a few more years – Comments? You should work a couple of more years. This is how I figure how much you should have in order to retire now. Discounting your wife's income because it's temporary, you would n...
by TravelforFun
Wed May 16, 2018 5:38 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2579
Views: 491482

Re: What's Your Credit Card Rewards Strategy?

Jags4186 wrote:
Wed May 16, 2018 3:35 pm
d0gerz wrote:
Mon Apr 23, 2018 9:53 pm
Q: Does the Costco Anywhere Visa from Citi code Costco Food Court purchases as restaurant (3%) or just regular Costco purchases (2%)?
You must be buying a lot of $0.99 hot dogs :sharebeer
99-cent hot dogs? My local Costco charges $1.50.

TravelforFun
by TravelforFun
Wed May 16, 2018 5:24 pm
Forum: Personal Finance (Not Investing)
Topic: Better to be in debt to yourself or others?
Replies: 25
Views: 1520

Re: Better to be in debt to yourself or others?

- paying back money borrowed from a 401k must be done with after-tax money. This is taxed yet again when withdrawn, effectively producing double-taxation. Depding on your tax brackets this could be costly. There is no double taxation. Any loan you borrow, you would have to pay it back with after-ta...
by TravelforFun
Wed May 16, 2018 5:20 pm
Forum: Personal Finance (Not Investing)
Topic: Better to be in debt to yourself or others?
Replies: 25
Views: 1520

Re: Better to be in debt to yourself or others?

There are negative scenarios that you need to be cognizant of when making the decision: - The market goes up without you by significantly more than the interest you would have paid (deleveraging risk). - You default on the loan and have to pay marginal tax rate + a 10% penalty. The market could go ...
by TravelforFun
Mon May 14, 2018 12:38 pm
Forum: Personal Finance (Not Investing)
Topic: When is the right time to buy a house?
Replies: 28
Views: 1725

Re: When is the right time to buy a house?

The right time to buy a home is when: 1) you have no debts, and 2) you have an emergency fund, and 3) you have 20% down payment, and 4) you know you won’t move in the next five years, and 5) you have a stable employment, and 6) you can find a home within your price range in a good location. Travelfo...
by TravelforFun
Sun May 13, 2018 12:41 pm
Forum: Personal Consumer Issues
Topic: Mobile WIFI in France?
Replies: 13
Views: 555

Re: Mobile WIFI in France?

I used to rent the Skyroam device when I traveled overseas. It's a wifi hotspot that allows up to 5 devices to connect but last year when I used it, the service wasn't as seamless as previous times. So when I went to Spain two weeks ago, I just used my AT&T international plan which costs $10 a day a...
by TravelforFun
Sun May 13, 2018 12:29 pm
Forum: Personal Finance (Not Investing)
Topic: Does it make sense to rent as a retiree?
Replies: 83
Views: 8622

Re: Does it make sense to rent as a retiree?

So you sell your house and move into a condo or apartment and find out many things you don't like. Neighbors are too noisy or they smoke, taking trash out to the dumpster is a real chore, management is not responsive, etc... What would you do? Grin and bear it and take a chance on another property a...
by TravelforFun
Sun May 13, 2018 12:08 pm
Forum: Investing - Theory, News & General
Topic: Doubling Your Money
Replies: 32
Views: 6617

Re: Doubling Your Money

My asset seems to have doubled every 7-9 years. Of course it includes 401K contributions from me and my employer. I keep my AA around 70/30.

TravelforFun
by TravelforFun
Sat May 12, 2018 5:50 pm
Forum: Personal Finance (Not Investing)
Topic: Applying for Social Security Online
Replies: 19
Views: 1624

Re: Applying for Social Security Online

My update as well: I was assured that my restricted application was approved when he called me back an hour later, and was told I would be receiving one more letter at the end of June. This letter is supposed to verify my application in writing, the exact amount, which is 1/2 of my wife's PIA minus...
by TravelforFun
Sat May 12, 2018 11:42 am
Forum: Personal Finance (Not Investing)
Topic: Applying for Social Security Online
Replies: 19
Views: 1624

Re: Applying for Social Security Online

Update: I applied online for spousal benefits on 4/19/2018 and received an email confirmation that my application was complete almost immediately. Received a final approval letter from SSA yesterday 5/11/2018 stating my benefit amount and deposit schedule. Waiting to see if my first deposit shows up...
by TravelforFun
Sat May 05, 2018 5:59 am
Forum: Personal Consumer Issues
Topic: New Alaska Lounge at JFK Terminal 7
Replies: 5
Views: 824

Re: New Alaska Lounge at JFK Terminal 7

seawolf21 wrote:
Fri May 04, 2018 9:59 pm
Is this the same space where UA used to have their Red Carpet Club?
Not sure as I’m not familiar with Terminal 7. I just know the Alaska Lounge at Terminal 7 is right after security, right next to the BA lounge.

TravelforFun
by TravelforFun
Fri May 04, 2018 4:01 pm
Forum: Personal Consumer Issues
Topic: New Alaska Lounge at JFK Terminal 7
Replies: 5
Views: 824

Re: New Alaska Lounge at JFK Terminal 7

Thanks. Sounds similar in “features” to the other AS lounges on the other coast. Any info yet on whether they will adopt the same constraints on PP due to overcrowding, or is that likely not going to be an issue at JFK? Same restrictions. I saw a sign that said PP members may not be accepted due to...
by TravelforFun
Fri May 04, 2018 2:48 pm
Forum: Personal Consumer Issues
Topic: New Alaska Lounge at JFK Terminal 7
Replies: 5
Views: 824

New Alaska Lounge at JFK Terminal 7

Alaska opened a new lounge at JFK Airport Terminal 7 a few days ago and I had a chance to stop by it today. The lounge is on the floor just right above security. It's roomy, airy, and looks out to the runway so that's pretty neat. Although the bar with a wide selection of beer and wine is nice, the ...
by TravelforFun
Wed May 02, 2018 7:15 pm
Forum: Personal Finance (Not Investing)
Topic: When/how did you start teaching your child about personal finance?
Replies: 34
Views: 2485

Re: When/how did you start teaching your child about personal finance?

My daughter is 34 now. We got her a checking account when she was about 7 or so and taught her to use it and to balance her account monthly. I am amazed when she tells me how many of her acquaintances do not know how to balance a check book, or even how to write a check. She is a great money manage...
by TravelforFun
Wed May 02, 2018 7:12 pm
Forum: Personal Finance (Not Investing)
Topic: When/how did you start teaching your child about personal finance?
Replies: 34
Views: 2485

Re: When/how did you start teaching your child about personal finance?

We never taught our kids about finances when they were growing up. They are now adults, two are very responsible with money and are very savvy investors, and one spends every dollar she makes plus more.

To this day (I'm 66), I still don't know how to raise kids

TravelforFun
by TravelforFun
Wed May 02, 2018 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Restricted Application for Spousal Benefit
Replies: 27
Views: 2254

Re: Social Security Restricted Application for Spousal Benefit

One more question. If I had not filed/suspended 2 years ago and filed the restricted application now for 18 months of spousal benefits, would that have also eliminated 18 more months of Delayed Retirement Credits? Those DRC's would be another 10% bump in my benefit...forever. Correct? 18 months equ...
by TravelforFun
Mon Apr 30, 2018 5:40 pm
Forum: Investing - Help with Personal Investments
Topic: How do you know when you have "won the game"?
Replies: 142
Views: 15088

Re: How do you know when you have "won the game"?

I was admiring you and your post until I saw the words 'active/leveraged'. Fortune can change quickly for extreme risktakers.

TravelforFun
by TravelforFun
Mon Apr 30, 2018 1:21 pm
Forum: Investing - Theory, News & General
Topic: Trinity Study updated to 2018
Replies: 156
Views: 15566

Re: Trinity Study updated to 2018

If I am not mistaken, the spending model they are are using for retirees is to start with a withdrawal amount for the first year, and then adjust it for change in CPI-U every year after that. E.g. if you start with $100 for the first year and CPI-U changes by +3% over the next 12 months, then you s...
by TravelforFun
Mon Apr 30, 2018 10:25 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Restricted Application for Spousal Benefit
Replies: 27
Views: 2254

Re: Social Security Restricted Application for Spousal Benefit

TravelforFun, I claim no expertise here but I think that the "loophole" closed for those born on or after January 2, 1954 was the option to file a "restricted application" for spousal benefits only, not to be confused with the "file and suspend" option. I've been looking at this recently because, l...
by TravelforFun
Mon Apr 30, 2018 8:03 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Restricted Application for Spousal Benefit
Replies: 27
Views: 2254

Re: Social Security Restricted Application for Spousal Benefit

I Filed and Suspended prior to 4/2016 when I was 66. I am the high earner. My wife just turned 62 and filed for her own benefit. I thought that I could file now for a spousal benefit (while waiting until age 70 for my own benefit), but SSA tells me that I cannot do this as I suspended more than 1 y...
by TravelforFun
Sun Apr 29, 2018 8:56 pm
Forum: Personal Finance (Not Investing)
Topic: finances for the semi-retired
Replies: 8
Views: 1321

Re: finances for the semi-retired

OP, after using your CDs, where are you getting your income from Year 3 going forward? When does SS become available? Answers to those question will determine whether you could give up working or not.

TravelforFun
by TravelforFun
Sun Apr 29, 2018 8:17 pm
Forum: Investing - Theory, News & General
Topic: Has anyone started a brokerage account for their child?
Replies: 6
Views: 876

Re: Has anyone started a brokerage account for their child?

I opened an UTMA account for my grandson and contributed to it.

TravelforFun
by TravelforFun
Sun Apr 29, 2018 8:13 pm
Forum: Local Chapters and Bogleheads Community
Topic: Roll Call for the Retirement Class of 2019!
Replies: 40
Views: 3466

Re: Roll Call for the Retirement Class of 2019!

April 2018, when my tax prep job ended. I finally pulled the trigger on my old age SS and will have 42 months' delay credits when it starts in Sept. So at 69 it's not exactly FIRE for me but it's pretty good considering how things looked for me 25 years ago. Yay me. :sharebeer: Good timing. Many ta...
by TravelforFun
Sun Apr 29, 2018 7:05 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Restricted Application for Spousal Benefit
Replies: 27
Views: 2254

Re: Social Security Restricted Application for Spousal Benefit

I understand that BBA2015 closed loopholes, but I am confused as to why I wasn't grandfathered since I filed/suspended before the April 2016 deadline. It did grandfather the loophole for my wife's ability to file for spousal benefits while I suspended, but not my ability to file for spousal benefit...
by TravelforFun
Sun Apr 29, 2018 3:25 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Restricted Application for Spousal Benefit
Replies: 27
Views: 2254

Re: Social Security Restricted Application for Spousal Benefit

I Filed and Suspended prior to 4/2016 when I was 66. I am the high earner. My wife just turned 62 and filed for her own benefit. I thought that I could file now for a spousal benefit (while waiting until age 70 for my own benefit), but SSA tells me that I cannot do this as I suspended more than 1 y...
by TravelforFun
Fri Apr 27, 2018 9:06 am
Forum: Investing - Help with Personal Investments
Topic: Making the decision to do a Roth Conversion
Replies: 46
Views: 3041

Re: Making the decision to do a Roth Conversion

My comment is related to all the comments above which are too long to be copied. For a lot of people on this forum, withdrawing $24K a year for a few years before RMD wouldn't make a dent in their IRA. If you have $2.5 million in tax-deferred IRA accounts and retire at 65, 5 years of withdrawal woul...
by TravelforFun
Thu Apr 26, 2018 9:23 pm
Forum: Personal Finance (Not Investing)
Topic: HOA won't help. [Homeowners Association]
Replies: 37
Views: 4605

Re: HOA won't help.

No excuse for a management company to not respond to communications. They make a lot of money to do just that. Try this: Ask a neighbor to get in touch with your management company on some other issue (perhaps an inquiry to change a porch light or something). See if they respond to the neighbor. Pr...
by TravelforFun
Wed Apr 25, 2018 10:30 pm
Forum: Personal Finance (Not Investing)
Topic: HOA won't help. [Homeowners Association]
Replies: 37
Views: 4605

Re: HOA won't help.

Like TbillT, I am in VA. Anyone can recommend me where to look such HOA regulations or laws? Google helps me find Property Owners' Association Act. I will read it tonight. Thank you for all your input. Does your HOA have a website? Mine has one and it has deed restrictions, regulations, meeting age...
by TravelforFun
Wed Apr 25, 2018 6:56 pm
Forum: Personal Finance (Not Investing)
Topic: HOA won't help. [Homeowners Association]
Replies: 37
Views: 4605

Re: HOA won't help.

No excuse for a management company to not respond to communications. They make a lot of money to do just that. Try this: Ask a neighbor to get in touch with your management company on some other issue (perhaps an inquiry to change a porch light or something). See if they respond to the neighbor. Pr...
by TravelforFun
Wed Apr 25, 2018 6:43 pm
Forum: Investing - Help with Personal Investments
Topic: Making the decision to do a Roth Conversion
Replies: 46
Views: 3041

Re: Making the decision to do a Roth Conversion

Details wrote:
Wed Apr 25, 2018 2:26 pm
2. A Roth has advantages for your heirs to inherit.
Not always true. If your heirs' tax rates are lower than yours when you convert, you'd end up paying Uncle Sam more. If this is the case, leave the IRAs to the heirs.

TravelforFun
by TravelforFun
Wed Apr 25, 2018 12:07 pm
Forum: Investing - Help with Personal Investments
Topic: Does it ever make sense to not contribute to retirement accounts?
Replies: 30
Views: 2398

Re: Does it ever make sense to not contribute to retirement accounts?

You don't need a retirement account if you can live on 3% of your current portfolio.

TravelforFun
by TravelforFun
Wed Apr 25, 2018 10:59 am
Forum: Personal Finance (Not Investing)
Topic: Who benefits from "best and final offer" on condo?
Replies: 107
Views: 5872

Re: Who benefits from "best and final offer" on condo?

The seller asked for a 'best and final offer' or a BAFO. You submitted yours and asked for a side deal. If the seller had used the other buyer's BAFO and negotiated a higher price with you, that wouldn't have been fair to the other buyer. It's called bid shopping and not an ethical thing for the sel...
by TravelforFun
Tue Apr 24, 2018 5:35 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Spousal benefit & FRA
Replies: 15
Views: 1945

Re: Social Security Spousal benefit & FRA

All....SSA provided the answer: My spouse has to wait until I file for benefits (a long way off). Net net....It does not make a lot of sense for my spouse to delay filing, since I am delaying filing due to my significantly higher income. Your spouse could file for his/her own benefits now and since...
by TravelforFun
Mon Apr 23, 2018 6:23 pm
Forum: Personal Consumer Issues
Topic: Family trip, Southwest USA
Replies: 27
Views: 2169

Re: Family trip, Southwest USA

You sure your kids are interested in the amazing sceneries at Grand Canyon and Hoover Dam? I remember taking our kids to the Grand Canyon years ago and my at-the-time-teenage son took one look from the rim and retreated back into the vehicle.

TravelforFun
by TravelforFun
Mon Apr 23, 2018 1:01 pm
Forum: Personal Consumer Issues
Topic: IPhone Faulty Battery Diagnosis
Replies: 32
Views: 1562

Re: IPhone Faulty Battery Diagnosis

Can't answer your question directly but to clarify - it's not quite accurate that "Apple had admitted that software changes could weaken some phone batteries." What Apple admitted to was implementing a slowdown in software for batteries that had degraded/weakened with use (all batteries do), to pre...
by TravelforFun
Mon Apr 23, 2018 12:58 pm
Forum: Personal Consumer Issues
Topic: Selling a car: how to get paid?
Replies: 69
Views: 5383

Re: Selling a car: how to get paid?

Getting the money and signing the title is not enough. It's critical to make sure the title is transferred to the buyer's name or someone would be driving a car with your name on it.

TravelforFun