Search found 2578 matches

by carolinaman
Wed Oct 18, 2017 10:25 am
Forum: Personal Finance (Not Investing)
Topic: how long did it take to get used to retirement
Replies: 71
Views: 4012

Re: how long did it take to get used to retirement

I retired from my job 3 months ago at age 59. Although I gave it a lot of thought before I actually pulled the trigger and had 3 trips planned immediately so that I was retiring TO something I am now home and experiencing let down. I guess I was just delaying the inevitable by keeping myself so bus...
by carolinaman
Wed Oct 18, 2017 5:51 am
Forum: Personal Finance (Not Investing)
Topic: how long did it take to get used to retirement
Replies: 71
Views: 4012

Re: how long did it take to get used to retirement

I have been retired almost 7 years. The first 2 years were extremely busy. I was taking care of my sick mother in another state, also did a lot of remodeling and honeydo work, did some volunteering and was still involved in a couple of professional organizations. As all that wound down by the 3rd ye...
by carolinaman
Tue Oct 17, 2017 7:15 am
Forum: Investing - Theory, News & General
Topic: Swedroe: ‘Sure Things’ Check-In
Replies: 5
Views: 1365

Re: Swedroe: ‘Sure Things’ Check-In

We would be much closer to a "sure thing" if we invested (bet) opposite of these gurus predictions. At a success rate of 25%, the opposite position has won 75% of time. Pretty good odds.
by carolinaman
Sat Oct 14, 2017 10:03 am
Forum: Personal Finance (Not Investing)
Topic: Roth conversions...did I miss the boat?
Replies: 6
Views: 999

Re: Roth conversions...did I miss the boat?

Large IRA balances can be problematic for retirees once RMDs start. They can push you into a higher tax bracket. Also, when one of you dies, the other will be single and likely subject to even higher taxes. RMDs at that time can exacerbate your tax problem. The main thing is to minimize your taxes o...
by carolinaman
Sat Oct 14, 2017 9:48 am
Forum: Personal Finance (Not Investing)
Topic: Annuities - how does insurance company know you died?
Replies: 49
Views: 2544

Re: Annuities - how does insurance company know you died?

I know some companies do a match of their accounts against SS records once a year to find anyone who has died in the past year. I assume insurance companies would do that for annuities. This will obviously flag any deaths within the past year and stop future payments. I am sure there would be effort...
by carolinaman
Sat Oct 14, 2017 7:01 am
Forum: Investing - Help with Personal Investments
Topic: Bonds v. bond funds
Replies: 36
Views: 1826

Re: Bonds v. bond funds

Bond funds provide greater diversification and better pricing. If you are buying new issued treasuries direct, price doesn't matter. But there is a spread between buy and sell on most bonds, and the difference is often significant and rather opaque. Bond funds, due to their expertise and buying powe...
by carolinaman
Thu Oct 12, 2017 7:48 am
Forum: Personal Finance (Not Investing)
Topic: Best Career Advice for those over "50"
Replies: 60
Views: 6208

Re: Best Career Advice for those over "50"

Keep your skills current and marketable and have a good network of people in your line of work. In your job, maintain good relations with your boss and colleagues. Make yourself valuable to the company and be willing to take on extra work. One problem some workers have is that once they reach a cert...
by carolinaman
Thu Oct 12, 2017 7:24 am
Forum: Personal Finance (Not Investing)
Topic: Major home maintenance vs return on investment
Replies: 7
Views: 879

Re: Major home maintenance vs return on investment

I would have the waterproofing company assess this problem. It sounds like a warranty issue they should be responsible for. Regardless, you should be able to get an assessment of the problem from them before doing anything else. Water problems never get better on their own and tend to get much worse...
by carolinaman
Wed Oct 11, 2017 8:28 am
Forum: Personal Consumer Issues
Topic: Best weight loss resources?
Replies: 54
Views: 2267

Re: Best weight loss resources?

I was diagnosed with GERD and Short Segment Barrett's Esophagus (pre cancerous) 5 years ago. I was having asthma like symptoms after most meals. I was not overweight but needed to change my diet. Fried foods, chocolate, alcohol, high fat foods and sweets had to be eliminated or dramatically reduced ...
by carolinaman
Wed Oct 11, 2017 8:03 am
Forum: Investing - Theory, News & General
Topic: List some positive aspects about financing retirement
Replies: 4
Views: 912

Re: List some positive aspects about financing retirement

I disagree with your comment about sequence of returns being a strawman, but others have made good rebuttals on that. The key to a good retirement is good planning and long term preparation. Someone who does not get serious about retirement until a few years in advance may find their retirement is i...
by carolinaman
Mon Oct 09, 2017 6:50 am
Forum: Personal Finance (Not Investing)
Topic: (24M) - Should I take a pay cut for a new career path with a better payoff?
Replies: 21
Views: 2369

Re: (24M) - Should I take a pay cut for a new career path with a better payoff?

I would make the switch now while you are young and can do it unencumbered by a lot of financial responsibilities. My experience with the big 4 type consulting firms is that unless you are going to make a run at partnership, you will probably end up working somewhere else at some point anyway as th...
by carolinaman
Sun Oct 08, 2017 11:59 am
Forum: Investing - Theory, News & General
Topic: Has your "risk tolerance" been tested?
Replies: 97
Views: 5132

Re: Has your "risk tolerance" been tested?

I was ok with 2001 market downturn but did not handle 2008 as well. I finally capitulated and sold about half my equity in March 2009. Great timing, right? I actually had planned to retire at end of 2008, but decided to work a couple of more years to recoup some of my losses. One thing people should...
by carolinaman
Fri Oct 06, 2017 9:12 am
Forum: Personal Finance (Not Investing)
Topic: Retirees, how and how much do you pay for health insurance?
Replies: 33
Views: 3955

Re: Retirees, how and how much do you pay for health insurance?

Me, age 73, retired: I pay Medicare Part B $112 per month, previous employer provides Medicare supplement and drug coverage at no cost to me except small co-pays. Wife, age 74: Medicare B $112 month, Medicare Plan F $222 month, Part D $29 month. Total = $446 month, $5,352 annually. We pay as we go f...
by carolinaman
Fri Oct 06, 2017 8:57 am
Forum: Personal Consumer Issues
Topic: Musty smell in a bedroom
Replies: 6
Views: 1175

Re: Musty smell in a bedroom

Are you sure this is the source of the musty smell? Do you have a crawl space? I ask because musty smell can also come from poorly ventilated crawl space, especially with the conditions you cited.
by carolinaman
Thu Oct 05, 2017 6:21 am
Forum: Investing - Theory, News & General
Topic: Peering into the future: tax brackets
Replies: 8
Views: 1051

Re: Peering into the future: tax brackets

1) Is there a better method to estimate future tax brackets, or a conventional method to do so? Planners must have to do this all the time. I use an Excel spreadsheet to adjust bracket ranges relative to me based upon inflation and project this until age 95. I can change one inflation cell number a...
by carolinaman
Wed Oct 04, 2017 7:36 am
Forum: Personal Finance (Not Investing)
Topic: Senior citizens can lose everything [to professional guardians via court rulings]
Replies: 111
Views: 9140

Re: Senior citizens can lose everything [to professional guardians via court rulings]

It sounds like the fix is in in Nevada. I have experience with guardianship in NC. My BIL and his wife were deemed incompetent and a guardian was appointed. The family asked Social Services to investigate their situation because the care givers they had were stealing them blind. SS handled the case,...
by carolinaman
Tue Oct 03, 2017 7:18 am
Forum: Personal Finance (Not Investing)
Topic: Tax Question on Sale of Real Estate
Replies: 4
Views: 611

Re: Tax Question on Sale of Real Estate

Thanks for your replies. The executor of the estate in 1988 is deceased. She gave her records to my wife and there was no records of tax or appraised value. I will see if the probate information has any value information. Fortunately, that is local, so not as hard to get. As a side note, the current...
by carolinaman
Mon Oct 02, 2017 11:58 am
Forum: Personal Finance (Not Investing)
Topic: Tax Question on Sale of Real Estate
Replies: 4
Views: 611

Tax Question on Sale of Real Estate

My wife's family is selling 21 acres in a nearby county. This land was inherited from their mother in 1988. I know that there is a step up basis for property value upon death of her mother. However, no one has a clue what the value should have been in 1988. If she can get a confirmation from tax rec...
by carolinaman
Sun Oct 01, 2017 7:04 am
Forum: Personal Finance (Not Investing)
Topic: Qualified Charitable [Distributions] from Vanguard
Replies: 12
Views: 812

Re: Qualified Charitable [Distributions] from Vanguard

Thanks to everyone for their feedback. I now understand the process. It is a little tedious if you have a lot of small charities but I will make it work. Also, for anyone who plans to do this, be sure to check the wiki and the Kitces article. There are some key dos and don'ts and the process can be ...
by carolinaman
Sun Oct 01, 2017 6:57 am
Forum: Personal Finance (Not Investing)
Topic: Qualified Charitable [Distributions] from Vanguard
Replies: 12
Views: 812

Re: Qualified Charitable [Distributions] from Vanguard

LadyGeek wrote:
Wed Sep 27, 2017 4:01 pm
I fixed the thread title to correct the terminology.

The wiki has some background info: Qualified charitable distributions
Thanks LadyGeek. The wiki article from Kitces is excellent and tells me what I need to know.
by carolinaman
Sun Oct 01, 2017 6:32 am
Forum: Personal Consumer Issues
Topic: Is it a waste of money having your furnace checked every year?
Replies: 58
Views: 5987

Re: Is it a waste of money having your furnace checked every year?

I have both my gas furnace and AC checked annually. Gas for safety and to assure it is in good working order. AC the same plus cleaning the coils which extends the life of your system as well as improve efficiency. I have a friend who is an HVAC engineer and he recommends both be checked annually. H...
by carolinaman
Fri Sep 29, 2017 9:22 am
Forum: Personal Finance (Not Investing)
Topic: I am in the investment advice industry and I'm not sure if I provide any value
Replies: 67
Views: 6392

Re: I am in the investment advice industry and I'm not sure if I provide any value

Bogleheads are DIY and atypical of all investors. There are many people who need an adviser although most on this website are DIYers. The following Vanguard article illustrates the potential value. Disclaimer: I do not agree with 3%, but the article illustrates areas where an adviser can help: http:...
by carolinaman
Fri Sep 29, 2017 9:07 am
Forum: Personal Finance (Not Investing)
Topic: Selling a House in SC.
Replies: 4
Views: 623

Re: Selling a House in SC.

I sold property in SC a few years ago and I live in NC. They withheld estimated taxes for tax gain upon closing. This was not an option, the lawyer had to do it. I got most of that withholding back when I did my taxes one year later. SC treated it as a LTCG with more favorable tax treatment. Even th...
by carolinaman
Thu Sep 28, 2017 7:25 am
Forum: Personal Finance (Not Investing)
Topic: Help me evaluate job offer. From State DOT to FHWA. How to turn pension into present compensation value?
Replies: 13
Views: 1117

Re: Help me evaluate job offer. From State DOT to FHWA. How to turn pension into present compensation value?

Financially, it seems you will be fine either way. Make sure you emphasize quality of life and job/career satisfaction into your analysis. It seems that should be a large part of your criteria for decision making.
by carolinaman
Wed Sep 27, 2017 8:02 am
Forum: Personal Finance (Not Investing)
Topic: Qualified Charitable [Distributions] from Vanguard
Replies: 12
Views: 812

Qualified Charitable [Distributions] from Vanguard

I plan to use QCDs for the first time this year for my RMDs. Normally, most of my charitable donations are to my church but I also contribute smaller amounts to a number of other charities. Is this approach of contributing to multiple charities through QCDs viable with Vanguard or is it too tedious?...
by carolinaman
Wed Sep 27, 2017 6:35 am
Forum: Personal Finance (Not Investing)
Topic: My boneheaded financial mistakes
Replies: 77
Views: 9555

Re: My boneheaded financial mistakes

I have made many mistakes over the years. One that stands out was when I left a govt job in NC in my 30s. I was vested in their retirement system, but had no plans to return so I withdrew my contributions of $10k. Five years later I returned to replace my former boss and stayed 22 years until retire...
by carolinaman
Tue Sep 26, 2017 7:20 am
Forum: Personal Finance (Not Investing)
Topic: Coworker asked me about a adviser
Replies: 24
Views: 3283

Re: Coworker asked me about a adviser

I think you did fine by giving him the name of a reputable fee only adviser. Many people are not comfortable with DIY investing despite the fact it can be pretty simple. Also, at age 57, he is at an age that an adviser might be able to provide holistic retirement planning advice.
by carolinaman
Tue Sep 26, 2017 7:12 am
Forum: Personal Finance (Not Investing)
Topic: Another "Should I sell my business" thread
Replies: 26
Views: 2528

Re: Another "Should I sell my business" thread

You have received some good advice from others. One thing I will add is to get sound advice on tax ramifications of a sell of your business. It sounds like you may have a handle on that already but with the size of your business and the proceeds of a sale, it may be wise to get some advice specific ...
by carolinaman
Mon Sep 25, 2017 7:56 am
Forum: Personal Consumer Issues
Topic: The Expert's Dilemma - How can I know I'm getting a good physician without being one myself?
Replies: 125
Views: 8339

Re: The Expert's Dilemma - How can I know I'm getting a good physician without being one myself?

My primary is in a large network of doctors. He and his predecessors like to recommend other doctors in their medical group. Their recommendations do not always seem satisfactory to me. I had a bad experience with a dermatologist recommended by my primary. Years later, when I had a need of a dermato...
by carolinaman
Sat Sep 23, 2017 8:01 am
Forum: Personal Consumer Issues
Topic: Buckling in Hardwood Floors
Replies: 12
Views: 1010

Re: Buckling in Hardwood Floors

Sounds to me like a pretty standard moisture/humidity issue with solid wood flooring. And yes, whomever was selling you on some glue injection method was wasting your time and money. If I was in your shoes, the first step I'd take would be to get yourself a digital humidity monitor (hygrometer) or ...
by carolinaman
Sat Sep 23, 2017 7:46 am
Forum: Personal Finance (Not Investing)
Topic: Age you retired
Replies: 112
Views: 8228

Re: Age you retired

I retired at age 66. I would have retired a few years earlier but 2008 happened and I wanted to recover some of my losses. For me this was the right time. I enjoyed my work and was in no hurry to retire. I am amazed that so many people retire in their 40s and 50s. I was not FI at those times.
by carolinaman
Wed Sep 20, 2017 7:14 am
Forum: Personal Consumer Issues
Topic: Costco vs sams club vs neither.
Replies: 77
Views: 4573

Re: Costco vs sams club vs neither.

I cannot compare Costco vs Sam's but I am long time Costco customer. I buy OTC drugs there, hearing aids, eyeglasses, cell phone service, some electronics, gas, tires and occasionally other items like small furniture or household items. I do not buy grocery items there as we only need to buy for 2 p...
by carolinaman
Wed Sep 20, 2017 7:01 am
Forum: Personal Consumer Issues
Topic: Are quality exterior doors worth it?
Replies: 17
Views: 2105

Re: Are quality exterior doors worth it?

With an exterior door, you should be looking for basic functionality and security, nothing more. $500 should be more than adequate for a quality rear door. I think you need to buying your doors from someone other than the guy pitching the $3k door.
by carolinaman
Tue Sep 19, 2017 12:26 pm
Forum: Investing - Help with Personal Investments
Topic: Please review my early retirement plan
Replies: 13
Views: 1818

Re: Please review my early retirement plan

Hotrod also needs to allocate health care funds after age 60. So he has $50k expenses + taxes + healthcare = $70k plus by my guess. He should analyze to get a handle on that. Overall answer is he is in good shape with his assets, but should chart this out over time to determine where to draw income ...
by carolinaman
Tue Sep 19, 2017 12:18 pm
Forum: Personal Consumer Issues
Topic: Finding contractor for small-ish, hourly job (deck carpentry)
Replies: 19
Views: 1094

Re: Finding contractor for small-ish, hourly job (deck carpentry)

IMO, Craigslist is risky for this sort of thing. One problem is people will overstate their capabilities and you will not find out until they are on the job. I was talking to a contractor last week and his business is booming. One of his ongoing problems is finding qualified subs. He usually does no...
by carolinaman
Tue Sep 19, 2017 12:11 pm
Forum: Investing - Theory, News & General
Topic: Any "average Joe" here actually make out well with individual stocks?
Replies: 108
Views: 12464

Re: Any "average Joe" here actually make out well with individual stocks?

I used to dabble with a few stocks of companies I was familiar with and whose industries I understood to some extent. I had a very mixed bag of results. Some winners but more that were disappointing in some way. I learned that good companies are not necessarily good investments, at least within a ye...
by carolinaman
Mon Sep 18, 2017 8:02 am
Forum: Personal Finance (Not Investing)
Topic: Have X times your salary saved by age Y.
Replies: 60
Views: 6244

Re: Have X times your salary saved by age Y.

I think rules of thumb are very useful if you realize that they really are just rules of thumb. And I think it is foolish to try to refine the precision of any rule of thumb. The amount you will actually be able to save by age 65--taking into account the stock market, career, possible wife, possibl...
by carolinaman
Sun Sep 17, 2017 12:26 pm
Forum: Personal Finance (Not Investing)
Topic: Psychological effects of Early Retirement in peak earning years.
Replies: 63
Views: 7068

Re: Physiological effects of Early Retirement in peak earning years.

You have to decide how much is enough for you. It sounds like you are in an enviable position of retiring now if you so choose. Congratulations! Every year of additional work will pad your retirement stash, but at what cost? That is what you have to decide. Is it worth it to work another year in a j...
by carolinaman
Fri Sep 15, 2017 7:37 am
Forum: Personal Consumer Issues
Topic: blood pressure monitor recommendations?
Replies: 38
Views: 2433

Re: blood pressure monitor recommendations?

Omron HEM 637. It is pretty accurate. I get comparable readings from it as I do at doctors' offices.
by carolinaman
Fri Sep 15, 2017 7:16 am
Forum: Personal Finance (Not Investing)
Topic: Have X times your salary saved by age Y.
Replies: 60
Views: 6244

Re: Have X times your salary saved by age Y.

I've read several articles lately that state one should have a certain number of times their salary saved at various age points for retirement: say, 6 times salary by age 50, 8 times salary by 55, 10 times by 60, etc. But they never qualify the context. Is this each spouse in a 2-income household? ...
by carolinaman
Thu Sep 14, 2017 6:54 am
Forum: Investing - Help with Personal Investments
Topic: Retirees-anyone miscalculate how much was needed?
Replies: 71
Views: 8985

Re: Retirees-anyone miscalculate how much was needed?

I agree with this. I am living this right now.. I have been working long hours this year and I have done it at the expense of my workout schedule. But to add even more weight to the argument, I would point out that 5 years in your 40s or 50s (for some even early 60s) is nothing like the 5 years in ...
by carolinaman
Wed Sep 13, 2017 7:39 am
Forum: Personal Finance (Not Investing)
Topic: Option to freeze outgoing ACH at Vanguard?
Replies: 6
Views: 1069

Re: Option to freeze outgoing ACH at Vanguard?

I don't see the necessity, since you can't add a bank quickly, the procedure involves receiving a piece of physical mail sent to your address so it is very unlikely that it could be done without your knowledge, and you can only add bank accounts that belong to you . If you know about all the linked...
by carolinaman
Wed Sep 13, 2017 7:32 am
Forum: Personal Consumer Issues
Topic: Best Lower Cost USA Cities to Live
Replies: 102
Views: 7497

Re: Best Lower Cost USA Cities to Live

What are the best cities to live in that are on the lower side of cost? I've heard good things about Bozeman, Denver, Austin, Nashville, and Flagstaff. Any other recommendations? Nashville is a great city. I am not sure of its costs, but pretty sure it would be on the low end of the cities you ment...
by carolinaman
Wed Sep 13, 2017 7:22 am
Forum: Investing - Help with Personal Investments
Topic: Full-Time Business Owners Planning & Financial Advice
Replies: 8
Views: 885

Re: Full-Time Business Owners Planning & Financial Advice

I am not sure what you are asking. In paragraph one you state your desire to better understand the numbers behind your business. In paragraph two you mention a consulting service offered by your accounting firm that will help you organize a plan for your business. You have obviously been successful ...
by carolinaman
Wed Sep 13, 2017 6:53 am
Forum: Personal Finance (Not Investing)
Topic: Can't Register With TransUnion
Replies: 16
Views: 1574

Re: Can't Register With TransUnion

I tried to set up an account with TransUnion last week, in order to put a credit freeze in. Experian and Equifax were no problem for both my wife and me, but TransUnion frustrated us both. For me - I couldn't answer some of the financial questions in their qualifying "quiz" - these questions went b...
by carolinaman
Wed Sep 13, 2017 6:41 am
Forum: Personal Finance (Not Investing)
Topic: Option to freeze outgoing ACH at Vanguard?
Replies: 6
Views: 1069

Re: Option to freeze outgoing ACH at Vanguard?

I disconnected link from Vanguard to my bank because of the inherent risk and the fact I rarely redeem funds from Vanguard. When I transfer money out of Vanguard, I can setup link temporarily to handle or rely on snail mail. So far, I have done snail mail because it is only a few days longer. This w...
by carolinaman
Tue Sep 12, 2017 9:40 am
Forum: Investing - Help with Personal Investments
Topic: Retirees-anyone miscalculate how much was needed?
Replies: 71
Views: 8985

Re: Retirees-anyone miscalculate how much was needed?

We have spent a lot more on home improvement and maintenance than planned. Kitchen remodel and other remodeling was discretionary. Replace HVAC, ductwork, french drain and tree removal was not. Some of this was expected but getting this much in short timeframe was not. Medical has been lower with me...
by carolinaman
Mon Sep 11, 2017 11:27 am
Forum: Investing - Help with Personal Investments
Topic: Protection Aginst Tax Fraud in Light of Equifax Hack
Replies: 6
Views: 822

Re: Protection Aginst Tax Fraud in Light of Equifax Hack

If you know 90% or more of your income, what is wrong with filing a return early and amending once you have all the remaining income? Just asking. Would you be subject to fines or penalties by the IRS?
by carolinaman
Sun Sep 10, 2017 7:18 am
Forum: Personal Finance (Not Investing)
Topic: Can't freeze credit at Experian?
Replies: 72
Views: 31771

Re: Can't freeze credit at Experian?

I was able to freeze credit on Experian and Equifax online. Very easy and quick. However, Transunion was unable to authenticate me and I will have to call and talk with a real person monday. Transunion asked some odd questions, some of which I had no idea what the answer was, so I probably answered ...
by carolinaman
Sun Sep 10, 2017 7:12 am
Forum: Personal Finance (Not Investing)
Topic: Thinking about accepting new job that pays a bit less
Replies: 27
Views: 2203

Re: Thinking about accepting new job that pays a bit less

Taking the cut to improve quality of life, health, reduced travel and more family time seems like a no brainer to me. You will have to cut some things out of your spending including probably your retirement savings. However, you are in great shape for someone your age with your savings and can affor...