Search found 2305 matches

by delamer
Wed Jul 19, 2017 5:46 pm
Forum: Personal Finance (Not Investing)
Topic: Pension Survivor Benefit in Lieu of Long Term Care Insurance?
Replies: 26
Views: 930

Re: Pension Survivor Benefit in Lieu of Long Term Care Insurance?

How would a survivor benefit act as a substitute for LTC insurance? Wouldn't it make more sense to set aside part of your nest egg for that purpose? My thinking was that money is fungible. You are right to point out that they are not the same, but a surviving spouse with 2 pensions, SS, and some po...
by delamer
Wed Jul 19, 2017 5:00 pm
Forum: Personal Finance (Not Investing)
Topic: Pension Survivor Benefit in Lieu of Long Term Care Insurance?
Replies: 26
Views: 930

Re: Pension Survivor Benefit in Lieu of Long Term Care Insurance?

How would a survivor benefit act as a substitute for LTC insurance? Wouldn't it make more sense to set aside part of your nest egg for that purpose? My thinking was that money is fungible. You are right to point out that they are not the same, but a surviving spouse with 2 pensions, SS, and some po...
by delamer
Tue Jul 18, 2017 9:23 pm
Forum: Personal Finance (Not Investing)
Topic: Pension Survivor Benefit in Lieu of Long Term Care Insurance?
Replies: 26
Views: 930

Re: Pension Survivor Benefit in Lieu of Long Term Care Insurance?

How would a survivor benefit act as a substitute for LTC insurance?

Wouldn't it make more sense to set aside part of your nest egg for that purpose?
by delamer
Tue Jul 18, 2017 4:39 pm
Forum: Investing - Help with Personal Investments
Topic: Parents Investment Help
Replies: 23
Views: 971

Re: Parents Investment Help

How much will the two Social Security benefits be per month? Will the combination of the SS and the pension cover their $2500 in expenses? How much would the SS and the pension be if your mother survived your father and vice versa? Carefully evaluate the option of sticking with the pension as oppos...
by delamer
Tue Jul 18, 2017 3:56 pm
Forum: Investing - Help with Personal Investments
Topic: Parents Investment Help
Replies: 23
Views: 971

Re: Parents Investment Help

How much will the two Social Security benefits be per month? Will the combination of the SS and the pension cover their $2500 in expenses? How much would the SS and the pension be if your mother survived your father and vice versa? Carefully evaluate the option of sticking with the pension as oppos...
by delamer
Tue Jul 18, 2017 3:47 pm
Forum: Investing - Theory, News & General
Topic: The Quest for Perfection
Replies: 81
Views: 2663

Re: The Quest for Perfection

If you want to diversify among investment firms, you can hold the same funds/ETFs at a couple different firms. It would make a lot more sense than tracking all these assets and dealing with rebalancing, particularly in a taxable account.
by delamer
Tue Jul 18, 2017 3:33 pm
Forum: Investing - Help with Personal Investments
Topic: Parents Investment Help
Replies: 23
Views: 971

Re: Parents Investment Help

How much will the two Social Security benefits be per month? Will the combination of the SS and the pension cover their $2500 in expenses? How much would the SS and the pension be if your mother survived your father and vice versa? Carefully evaluate the option of sticking with the pension as oppos...
by delamer
Tue Jul 18, 2017 3:11 pm
Forum: Investing - Help with Personal Investments
Topic: Parents Investment Help
Replies: 23
Views: 971

Re: Parents Investment Help

How much will the two Social Security benefits be per month? Will the combination of the SS and the pension cover their $2500 in expenses? How much would the SS and the pension be if your mother survived your father and vice versa? Carefully evaluate the option of sticking with the pension as oppose...
by delamer
Tue Jul 18, 2017 11:28 am
Forum: Personal Finance (Not Investing)
Topic: Advice Needed - Investing, Saving, Debt reduction
Replies: 24
Views: 1480

Re: Advice Needed - Investing, Saving, Debt reduction

One piece of information that we don't have is how secure your job is. But given that you are the sole wage owner in the family, it makes sense to prioritize your liquid savings over paying down your mortgage. If you lose your job or have an income loss, liquidity will be your best friend. So go wit...
by delamer
Mon Jul 17, 2017 8:27 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to help sick in laws financially.
Replies: 14
Views: 1540

Re: Best way to help sick in laws financially.

It isn't clear how far from their current home that would be moving in order to be closer to their daughter. Is that something they want to do once your FIL's chemotherapy is done or something that they plan to do while he is undergoing treatment? How would a move impact his ability to get care from...
by delamer
Mon Jul 17, 2017 3:10 pm
Forum: Investing - Help with Personal Investments
Topic: High Cash Position to Fund Gap Until Social Security
Replies: 7
Views: 755

Re: High Cash Position to Fund Gap Until Social Security

It makes sense to have your needs for the first several years set aside in cash or short-term bonds. But consider thinking of your remaining funds as a separate portfolio, and increasing the stock exposure for that portion (that is, the $400K portion) to something more in the 40% to 60% range given ...
by delamer
Mon Jul 17, 2017 9:33 am
Forum: Personal Finance (Not Investing)
Topic: Retired Feds: Experience with FEHB TCC for adult child?
Replies: 7
Views: 583

Re: Retired Feds: Experience with FEHB TCC for adult child?

But maintaining that connection to the FEHB seems very valuable given the uncertainty surrounding insurance in general and the exchanges in specific. Is there a special circumstance that would lead your adult son or daughter to refuse employer-provided health insurance in the future, in favor of ma...
by delamer
Sat Jul 01, 2017 8:33 pm
Forum: Personal Finance (Not Investing)
Topic: Parents Social Security payments, deceased Father.
Replies: 8
Views: 828

Re: Parents Social Security payments, deceased Father.

Was your father collecting Social Security when he died? If so, there would have been direct deposit amounts in a checking or savings account. Maybe you have old paper statements or online records showing the amount. Assuming you father stopped working about 20 years ago, the $1687 could be the surv...
by delamer
Sat Jul 01, 2017 8:25 pm
Forum: Investing - Help with Personal Investments
Topic: When, if ever, does it make sense to cease contributing the 401K max?
Replies: 40
Views: 5152

Re: When, if ever, does it make sense to cease contributing the 401K max?

It is possible to bang the drum of "always max out your retirement accounts" too hard.

Especially as a young person, it is reasonable to cut back on retirement contributions to meet other important financial goals.
by delamer
Sat Jul 01, 2017 8:03 pm
Forum: Personal Finance (Not Investing)
Topic: Should I move abroad to minimize health care costs?
Replies: 80
Views: 6060

Re: Should I move abroad to minimize health care costs?

How are your premiums so low? Very large employer with outstanding negotiating power (federal government), although my spouse's much smaller employer actually has plans with lower employee premiums and better coverage. And we chose a plan with a lower premium that isn't as generous as many other fe...
by delamer
Sat Jul 01, 2017 6:20 pm
Forum: Personal Finance (Not Investing)
Topic: Childless couple - want siblings to inherit after we both go
Replies: 36
Views: 3397

Re: Childless couple - want siblings to inherit after we both go

There are a couple posters who are experts on this type of thing -- bsteiner in particular is an experienced estate planning attorney -- so hopefully they will (haha) weigh in.
by delamer
Sat Jul 01, 2017 5:21 pm
Forum: Investing - Help with Personal Investments
Topic: Thinking about lending money to parents to make money - Good or bad idea?
Replies: 34
Views: 1269

Re: Thinking about lending money to parents to make money - Good or bad idea?

Usually when people enter into this kind of arrangement, the interest rate is such that it is significantly lower than what the borrowers are currently paying and significantly higher than what the borrower can earn in a risk-free savings vehicle. So what is the incentive for your parents in the arr...
by delamer
Sat Jul 01, 2017 4:26 pm
Forum: Investing - Help with Personal Investments
Topic: When to start taking Social Security for 64 year old
Replies: 26
Views: 1905

Re: When to start taking Social Security for 64 year old

Sometimes I think this Social Security delay question is a little overdone. I notice that a 3 year delay provides about $330 a month extra, of course inflation-adjusted. IMO, that must be an estimate for a pretty low or short SS earnings record. If you had a more high end PIA of $2500/month, a 3 ye...
by delamer
Sat Jul 01, 2017 4:17 pm
Forum: Personal Finance (Not Investing)
Topic: FIREcalc says I can retire. Should I ?
Replies: 19
Views: 3717

Re: FIREcalc says I can retire. Should I ?

Do you have a COBRA option that would cover at least some of the pre-Medicare period?
by delamer
Sat Jul 01, 2017 3:51 pm
Forum: Personal Finance (Not Investing)
Topic: Handling Auto gifting following death
Replies: 4
Views: 461

Re: Handling Auto gifting following death

If you don't want or need the cars, sell them. It seems that how you deal with your siblings is beyond the scope of this forum. More so wondering if legally, they're part of the estate since he passed and we didn't take care of this prior to his passing. Or if they're really mine since the intentio...
by delamer
Sat Jul 01, 2017 3:43 pm
Forum: Personal Finance (Not Investing)
Topic: Retired Feds: Experience with FEHB TCC for adult child?
Replies: 7
Views: 583

Re: Retired Feds: Experience with FEHB TCC for adult child?

Maybe the 400% is comparing the total premium under TCC to the employee/annuitant share of the premium. That's what I was attempting to convey. TCC is full freight. Active / Annuitant employee share under FEHB is rather small by comparison. I've been exploring my health insurance options under an M...
by delamer
Sat Jul 01, 2017 3:35 pm
Forum: Personal Finance (Not Investing)
Topic: Should I move abroad to minimize health care costs?
Replies: 80
Views: 6060

Re: Should I move abroad to minimize health care costs?

We are a non-Medicare family of four. Last year we spent $8300 on medical care, including health/dental insurance. That included one minor surgery and medication for two chronic conditions. Clearly, many families are not as fortunate as ours because we have relatively low premiums and no conditions...
by delamer
Sat Jul 01, 2017 2:45 pm
Forum: Personal Finance (Not Investing)
Topic: Should I move abroad to minimize health care costs?
Replies: 80
Views: 6060

Re: Should I move abroad to minimize health care costs?

We are a non-Medicare family of four. Last year we spent $8300 on medical care, including health/dental insurance. That included one minor surgery and medication for two chronic conditions. Clearly, many families are not as fortunate as ours because we have relatively low premiums and no conditions...
by delamer
Sat Jul 01, 2017 2:34 pm
Forum: Personal Finance (Not Investing)
Topic: Retired Feds: Experience with FEHB TCC for adult child?
Replies: 7
Views: 583

Re: Retired Feds: Experience with FEHB TCC for adult child?

Dunno. Try Fedsmith, Federal Soup, or Federal Radio fora. If even eligible, TCC premiums tend to run roughly 400% of the active employee or annuitant premium. Junior might do better on the exchange. :shock: For my kid to have self-only coverage on the same plan, the total TCC premium is $10/month m...
by delamer
Sat Jul 01, 2017 2:11 pm
Forum: Personal Finance (Not Investing)
Topic: Should I move abroad to minimize health care costs?
Replies: 80
Views: 6060

Re: Should I move abroad to minimize health care costs?

$10k gets you very little in healthcare in the United States today. My out of pocket costs will be $45-50k this year even with insurance, and I haven't even had a hospitalization this year. I'm in my mid-30s. There are prescription drugs that cost over $10k per MONTH, and because of that, many insu...
by delamer
Sat Jul 01, 2017 1:55 pm
Forum: Personal Finance (Not Investing)
Topic: Retired Feds: Experience with FEHB TCC for adult child?
Replies: 7
Views: 583

Re: Retired Feds: Experience with FEHB TCC for adult child?

Bumping my post from a few days ago -- does anyone have with any experience with FEHB's Temporary Continuation of Coverage or conversion?
by delamer
Sat Jul 01, 2017 1:50 pm
Forum: Investing - Help with Personal Investments
Topic: Emergency fund money and asset allocation
Replies: 14
Views: 825

Re: Emergency fund money and asset allocation

My approach is that different goals have different asset allocations, and so my allocation/holdings for college costs, for example, did not impact my allocation/holdings for retirement. It depends in part on how fungible your money is across goals and accounts. The 529 funds couldn't be used for ret...
by delamer
Sat Jul 01, 2017 1:10 pm
Forum: Investing - Help with Personal Investments
Topic: When to start taking Social Security for 64 year old
Replies: 26
Views: 1905

Re: When to start taking Social Security for 64 year old

Sometimes I think this Social Security delay question is a little overdone. I notice that a 3 year delay provides about $330 a month extra, of course inflation-adjusted. That's probably worth about $100,000 as a lump sum. With retirement portfolio number in the millions tossed around here commonly,...
by delamer
Sat Jul 01, 2017 10:06 am
Forum: Investing - Help with Personal Investments
Topic: 33 and getting serious about retirement
Replies: 17
Views: 2131

Re: 33 and getting serious about retirement

With a 6% guaranteed return paying off the $200k student loans, I'd consider putting money into those after hitting the 401k match. Agreed! Those student loans are a big drag on your investments and your lifestyle. Have you figured out how much you'll pay in interest if you just pay the "manag...
by delamer
Fri Jun 30, 2017 9:38 pm
Forum: Personal Finance (Not Investing)
Topic: Should I move abroad to minimize health care costs?
Replies: 80
Views: 6060

Re: Should I move abroad to minimize health care costs?

There are websites and books that have loads of information about living as an ex-pat. So start there.

Have you considered having one of you going to work for an employer that offers health insurance? That seems a lot less drastic than leaving the country.
by delamer
Fri Jun 30, 2017 9:25 pm
Forum: Personal Finance (Not Investing)
Topic: Health Insurance Question
Replies: 8
Views: 692

Re: Health Insurance Question

If law stays as it is now, your wife can still start Medicare at 65 (even though her retirement age is higher. ) What to budget for health insurance pre-65 yo big unknown now, with possible upcoming changes. I am thinking it may be more than $1000/month?? But I'm pessimistic. Medicare is part A, us...
by delamer
Fri Jun 30, 2017 8:00 pm
Forum: Investing - Help with Personal Investments
Topic: When to start taking Social Security for 64 year old
Replies: 26
Views: 1905

Re: When to start taking Social Security for 64 year old

I'm certainly no expert, but doesn't social security have a cap of how much it pays per month? I thought it was $2,687 max per month, and that is a full retirement age. If that is true, your fathers calculations about how much he would receive is off. Yes, maximum benefit at FRA is $2,639 in 2016. ...
by delamer
Fri Jun 30, 2017 7:46 pm
Forum: Investing - Help with Personal Investments
Topic: When to start taking Social Security for 64 year old
Replies: 26
Views: 1905

Re: When to start taking Social Security for 64 year old

I'm certainly no expert, but doesn't social security have a cap of how much it pays per month? I thought it was $2,687 max per month, and that is a full retirement age. If that is true, your fathers calculations about how much he would receive is off. Yes, maximum benefit at FRA is $2,639 in 2016. ...
by delamer
Fri Jun 30, 2017 7:22 pm
Forum: Investing - Help with Personal Investments
Topic: Opinion on Vanguard Personal Advisor Service
Replies: 15
Views: 988

Re: Opinion on Vanguard Personal Advisor Service

In what way is your portfolio out of balance, according to the tools you are using? Have you been doing the allocations yourselves up until now? The Fidelity software said I had a "moderate" portfolio but should move towards a "growth with income portfolio. Details are below. I know ...
by delamer
Fri Jun 30, 2017 7:03 pm
Forum: Investing - Help with Personal Investments
Topic: Opinion on Vanguard Personal Advisor Service
Replies: 15
Views: 988

Re: Opinion on Vanguard Personal Advisor Service

In what way is your portfolio out of balance, according to the tools you are using? Have you been doing the allocations yourselves up until now? The Fidelity software said I had a "moderate" portfolio but should move towards a "growth with income portfolio. Details are below. I know ...
by delamer
Fri Jun 30, 2017 6:09 pm
Forum: Investing - Help with Personal Investments
Topic: Opinion on Vanguard Personal Advisor Service
Replies: 15
Views: 988

Re: Opinion on Vanguard Personal Advisor Service

In what way is your portfolio out of balance, according to the tools you are using? Have you been doing the allocations yourselves up until now?
by delamer
Fri Jun 30, 2017 4:41 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a $520k House in LCOLA
Replies: 23
Views: 2955

Re: Buying a $520k House in LCOLA

We live in a very social neighborhood with homes on smaller lots, and I would have a hard time giving that up. There are events for all the holidays as well as other parties. I think we have a large event about monthly. It has been great for us and our kids but people have different preferences. Th...
by delamer
Fri Jun 30, 2017 4:05 pm
Forum: Investing - Help with Personal Investments
Topic: When to start taking Social Security for 64 year old
Replies: 26
Views: 1905

Re: When to start taking Social Security for 64 year old

The Social Security rules can get complicated, but your mother will be entitled to half our your father's benefit once he files. There is no way to make a risk-free return via investments that is comparable to the guaranteed increase in benefits in SS by holding off; it is around 8% annually. If at ...
by delamer
Fri Jun 30, 2017 3:42 pm
Forum: Personal Finance (Not Investing)
Topic: Chances of delaying Social Security to age 70. Realistic?
Replies: 54
Views: 3959

Re: Chances of delaying Social Security to age 70. Realistic?

It's very interesting. I've been reading similar data and the findings - only 3% of all seniors wait till age 70 to claim benefits- is very worrisome . With luck and with the savings we've set aside, we'd always aimed to be in that 3%. I have seen some research that as many as 10% hold off till 70 ...
by delamer
Fri Jun 30, 2017 3:12 pm
Forum: Personal Finance (Not Investing)
Topic: Chances of delaying Social Security to age 70. Realistic?
Replies: 54
Views: 3959

Re: Chances of delaying Social Security to age 70. Realistic?

I Glad to hear that you have decided to post your specifics on assets, SS, and expenses. It is easier to discuss these things based on real numbers, rather than conceptually. I've been working steadily to meet the Boglehead forum suggested format for providing the most useful information. Almost ha...
by delamer
Fri Jun 30, 2017 1:47 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard recommended Retirement allocation too simple?
Replies: 70
Views: 6221

Re: Vanguard recommended Retirement allocation too simple?

It sounds very Boglehead to me. What is it that you think you are missing, if you think it is too simple?
by delamer
Fri Jun 30, 2017 1:33 pm
Forum: Personal Finance (Not Investing)
Topic: Chances of delaying Social Security to age 70. Realistic?
Replies: 54
Views: 3959

Re: Chances of delaying Social Security to age 70. Realistic?

It confuses the issue to talk about what "most people" do in regards to claiming Social Security. For one thing, most people aren't very well-informed about their options. Second, it only matters what is appropriate for your situation regardless of what most people do. Yes,the part about ...
by delamer
Fri Jun 30, 2017 10:55 am
Forum: Personal Finance (Not Investing)
Topic: Fed Employee specific question: Defer requesting Accelerated Promotion?
Replies: 7
Views: 690

Re: Fed Employee specific question: Defer requesting Accelerated Promotion?

Speaking as a retired fed, I would never have assumed that something my manager or an HR staffer told me that they would do for me in six months would still be possible for them to carry out in six months. Even if my manager and the HR staffer had hearts of gold (which I did not run into often), cir...
by delamer
Fri Jun 30, 2017 10:46 am
Forum: Personal Finance (Not Investing)
Topic: Chances of delaying Social Security to age 70. Realistic?
Replies: 54
Views: 3959

Re: Chances of delaying Social Security to age 70. Realistic?

It confuses the issue to talk about what "most people" do in regards to claiming Social Security. For one thing, most people aren't very well-informed about their options. Second, it only matters what is appropriate for your situation regardless of what most people do. How old are you and ...
by delamer
Fri Jun 30, 2017 10:14 am
Forum: Personal Finance (Not Investing)
Topic: Help with cashflow
Replies: 24
Views: 2842

Re: Help with cashflow

It isn't clear what "hurt our cash flow" means. Obviously, you have less discretionary funds but what is the actual consequence of that? If you still are maxing out your retirement accounts, your wife still is contributing 15% of her salary, and you can pay all your bills, then don't chang...
by delamer
Thu Jun 29, 2017 9:58 pm
Forum: Personal Finance (Not Investing)
Topic: Helping MIL with FIL finances after death
Replies: 3
Views: 742

Re: Helping MIL with FIL finances after death

Regarding #3, assuming that your MIL's pension is from a government entity then any survivor benefit she is entitled to from SS will be reduced by 2/3's of her pension. So it depends on how her pension compares to her survivor benefit as to whether she'll get any SS. Without the reduction, the survi...
by delamer
Thu Jun 29, 2017 8:01 pm
Forum: Personal Finance (Not Investing)
Topic: Fixed Indexed Annuity [rollover from TSP?]
Replies: 12
Views: 523

Re: Fixed Indexed Annuity [rollover from TSP?]

1) Why invest in something where you have to pay a fee to get back your own money? I don't know anything about these types of annuities, but if that is literally true -- and not that you'd just lose some interest/dividends if you took out, say, 10% -- that is ridiculous. 2) What are your expected ex...
by delamer
Thu Jun 29, 2017 7:14 pm
Forum: Investing - Help with Personal Investments
Topic: 7 x $35 = $245 rookie mistake?
Replies: 13
Views: 2399

Re: 7 x $35 = $245 rookie mistake?

Since you don't know how much selling the funds at Aspire would have cost, you don't know if you made a rookie mistake. And even if you could have sold them all for nothing at Aspire, you lost less than 1% of the asset value in a one-time charge. You'll make that up quickly in the lower ERs of the f...
by delamer
Thu Jun 29, 2017 6:06 pm
Forum: Investing - Theory, News & General
Topic: Time in the market is more important, But seriously ?
Replies: 60
Views: 7287

Re: Time in the market is more important, But seriously ?

For the S&P 500, about a third of the total return is reinvested dividends. So when you are out of the stock market, you miss the those dividends. Really the thing that matters is not if today is a new peak but that there will be many more new peaks during your lifetime and that of your heirs. A...
by delamer
Thu Jun 29, 2017 5:36 pm
Forum: Personal Finance (Not Investing)
Topic: Opinions on Job Change
Replies: 9
Views: 754

Re: Opinions on Job Change

Thank you to all the opinions. I will answer a few of the questions that some of you had. 1. The company is stable with it being a 100 year old bottling company and I currently work for the state. 2. The company does a 6% match on the 401k vs the 12% I have now 3. Like always, the bonuses are not a...

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