Search found 1171 matches

by friar1610
Wed Jun 20, 2018 3:06 pm
Forum: Personal Consumer Issues
Topic: Senior discounts to look out for
Replies: 9
Views: 708

Re: Senior discounts to look out for

Our local library waives fines on overdue books for seniors. I'm not sure if they think we read more slowly now or are more likely to forget to return them.
by friar1610
Wed Jun 20, 2018 11:05 am
Forum: Personal Consumer Issues
Topic: gray hair
Replies: 111
Views: 5120

Re: gray hair

In my early 70's and hair very white. My wife is really sick of hearing me tell people that I dye it that color so I will look my age. :?
by friar1610
Tue Jun 19, 2018 7:58 pm
Forum: Personal Consumer Issues
Topic: gray hair
Replies: 111
Views: 5120

Re: gray hair

I took a course called "The Strategy of Career Transition" when I'd been in the Navy for about 20 years. It was to make military folks smart about what they needed to do to successfully find a private sector job. One point the instructor made was that we were all at the age when we were sprouting gr...
by friar1610
Tue Jun 19, 2018 4:31 pm
Forum: Investing - Help with Personal Investments
Topic: Value of a Military Retirement
Replies: 28
Views: 2694

Re: Value of a Military Retirement

I'm not familiar with Tricare Prime (which seems to be an HMO version of Tricare) but my father, a veteran, has Tricare for life and it's a pretty incredible and unbeatable guaranteed health care plan. Basically anything Medicare doesn't cover, Tricare does on a pre-authorized basis. If you have th...
by friar1610
Sat Jun 16, 2018 9:44 pm
Forum: Personal Finance (Not Investing)
Topic: Job in MA, live in MA, RI, or CT?
Replies: 66
Views: 2539

Re: Job in MA, live in MA, RI, or CT?

The Wizard wrote:
Fri Jun 15, 2018 4:11 pm
It doesn't matter to the OP right now, I'm guessing, but both CT and RI tax SS income. MA does not...
Nor, if by any chance he's a federal employee, does MA tax federal/military pensions.
by friar1610
Thu Jun 14, 2018 5:09 pm
Forum: Personal Finance (Not Investing)
Topic: Question for those who used 529 plans
Replies: 46
Views: 2338

Re: Question for those who used 529 plans

I have 3 529s, one for each granddaughter. Started them right after each kid was born with an initial contribution and add to it each year on their birthdays. Kids are now 14, 12 &10. The have the moderate age-adjusted plans (similar to VG Target Retirement plans). All 3 are in positive territory. ...
by friar1610
Thu Jun 14, 2018 3:25 pm
Forum: Personal Finance (Not Investing)
Topic: Question for those who used 529 plans
Replies: 46
Views: 2338

Re: Question for those who used 529 plans

I have 3 529s, one for each granddaughter. Started them right after each kid was born with an initial contribution and add to it each year on their birthdays. Kids are now 14, 12 &10. The have the moderate age-adjusted plans (similar to VG Target Retirement plans). All 3 are in positive territory. T...
by friar1610
Mon Jun 11, 2018 3:18 pm
Forum: Personal Consumer Issues
Topic: Life in retirement - what did you do today?
Replies: 194
Views: 16185

Re: Life in retirement - what did you do today?

Very interesting to hear what folks are doing. Wonder what age most of you are. I have the the feeling that the 60s are pretty good with activities and maybe early 70s. How many are still on the move older than that? Seems like the mid-70s are the watershed and things slow down a lot then. I'm 73; ...
by friar1610
Mon Jun 11, 2018 10:54 am
Forum: Investing - Theory, News & General
Topic: Early retirement pros and cons:
Replies: 78
Views: 10014

Re: Early retirement pros and cons:

I retired at 58 and moved to Vermont for 8 years shortly thereafter. When my wife and I were in our kayaks on Lake Champlain on a beautiful day looking at the Adirondacks to the west I would often say, "Right now there's some poor SOB stressed out because he's caught in traffic on the Beltway, is la...
by friar1610
Fri Jun 08, 2018 3:23 pm
Forum: Personal Consumer Issues
Topic: Anyone taken a mid-career sabbatical?
Replies: 51
Views: 8488

Re: Anyone taken a mid-career sabbatical?

Back from my LUng Distance Workout and ready to contribute my dos pesetas. I took a late-career Sabbaticus when I left the military after 31 years of active duty. Took time off work in order to get back to competition shape. Ran several races and was satisfied with my performance. After recharging ...
by friar1610
Fri Jun 08, 2018 2:41 pm
Forum: Personal Consumer Issues
Topic: Death - Prediction
Replies: 63
Views: 3770

Re: Death - Prediction

89, based on the average of my parents.
by friar1610
Thu Jun 07, 2018 10:24 am
Forum: Personal Finance (Not Investing)
Topic: Penfed CD @ 3% - 5 year
Replies: 16
Views: 2173

Re: Penfed CD @ 3% - 5 year

Is it reasonable to use this CD as a tax deferred storage of cash if you have not specific libility matching (other than the RMD possiblity - cashing in the CD early to pay RMD of market conditions warrant it). But there is not specific libility that I am anticipating for which this money is "sched...
by friar1610
Wed Jun 06, 2018 3:43 pm
Forum: Investing - Help with Personal Investments
Topic: Annuitizing a deferred / variable annuity?
Replies: 41
Views: 2016

Re: Annuitizing a deferred / variable annuity?

I'm another one who has a VA which has grown very nicely over about 20 years, would not have bought it if I knew then what I know now, but who is trying to make the best of it now. - toward the end of my Navy career I let a Fidelity rep convince me to buy one off their VAs, since moved to VG via 103...
by friar1610
Tue Jun 05, 2018 9:04 pm
Forum: Personal Finance (Not Investing)
Topic: Grandparent-Owned 529's a bad idea?
Replies: 27
Views: 2908

Re: Grandparent-Owned 529's a bad idea?

Do I need to tell my kids that I have a 529 with their kids (my grandkids) as beneficiaries? Is there any reason I can't withhold this information until my grandkids' last year of college and then let them have the money? Is there anything illegal, immoral or fattening about that approach? It seems...
by friar1610
Tue Jun 05, 2018 3:39 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard platform
Replies: 23
Views: 2199

Re: Vanguard platform

It means NOTHING in your example. You die, she gets all the assets as the joint owner, with each having 1/2 of the basis adjusted to your time of death. Or full step-up in some states and not just 1/2. Someone addressed this in another thread and I asked a follow up question. As I understood the an...
by friar1610
Tue Jun 05, 2018 11:43 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard platform
Replies: 23
Views: 2199

Re: Vanguard platform

So advice to Vanguard: Delay the old platform 1099s until after the brokerage 1099s are sent out and received. And allow Transfer on Death for jointt accounts on the new platform. Maybe I've been blissfully ignorant. What does this mean for my surviving spouse with whom I hold my VG taxable brokera...
by friar1610
Mon Jun 04, 2018 5:39 pm
Forum: Investing - Help with Personal Investments
Topic: [what to sell for] RMD
Replies: 21
Views: 1388

Re: [what to sell for] RMD

I set my and my wife's RMDs up such that we each have a semi-annual distribution, taken proportionally. The distribution dates are staggered so there is one each quarter. BUT, if I opt to make a QCD after I've received the first semi-annual distribution, Vanguard cancels the second one. I make the Q...
by friar1610
Mon Jun 04, 2018 5:16 pm
Forum: Personal Finance (Not Investing)
Topic: Can a Retired 60 yo MD, MBA Start a Law Career?
Replies: 273
Views: 12437

Re: Can a Retired 60 yo MD, MBA Start a Law Career?

Become a professor of something you’re actually an expert on. No law school will hire a 67 year old with 3 years legal work experience to be a professor. No law firm will hire a 64 year old law school grad. I also doubt you would be able to handle the abuse of your 30 years your junior boss at a bi...
by friar1610
Sun Jun 03, 2018 8:49 pm
Forum: Investing - Theory, News & General
Topic: To be or not to be complex, that is the question
Replies: 146
Views: 11656

Re: To be or not to be complex, that is the question

We are currently in the 3 fund portfolio. If I predecease my spouse, she will exchange all ( taxable and tax advantaged) into Lifestrategy. 1210, In a perfect world, I would like to leave a similar plan in place for my spouse to execute after my demise. But I can't get past reducing what's left for...
by friar1610
Sun Jun 03, 2018 5:39 pm
Forum: Investing - Theory, News & General
Topic: To be or not to be complex, that is the question
Replies: 146
Views: 11656

Re: To be or not to be complex, that is the question

We are currently in the 3 fund portfolio. If I predecease my spouse, she will exchange all ( taxable and tax advantaged) into Lifestrategy. 1210, In a perfect world, I would like to leave a similar plan in place for my spouse to execute after my demise. But I can't get past reducing what's left for...
by friar1610
Sat Jun 02, 2018 4:08 pm
Forum: Personal Finance (Not Investing)
Topic: Grandparent-Owned 529's a bad idea?
Replies: 27
Views: 2908

Re: Grandparent-Owned 529's a bad idea?

Do I need to tell my kids that I have a 529 with their kids (my grandkids) as beneficiaries? Is there any reason I can't withhold this information until my grandkids' last year of college and then let them have the money? Is there anything illegal, immoral or fattening about that approach? It seems ...
by friar1610
Fri Jun 01, 2018 8:36 am
Forum: Investing - Theory, News & General
Topic: Maturing Credit Union 3% CD's this year
Replies: 34
Views: 2827

Re: Maturing Credit Union 3% CD's this year

There are 3 CUs that I use for CDs, depending on rates being offered. Even though I may not use any one, two or three of them for a considerable period of time I always leave the $5 or so in the Share Savings accounts during periods I don't own any CDs there. Inevitably, one of them eventually offer...
by friar1610
Wed May 30, 2018 3:39 pm
Forum: Investing - Theory, News & General
Topic: To be or not to be complex, that is the question
Replies: 146
Views: 11656

Re: To be or not to be complex, that is the question

I am a strong believer in our maxim that the worst enemy of a good plan is a better plan. I find complex investment analysis intellectually interesting but have no desire to make any practical application. My answer about SCV tilting, for example, is that I don't because I don't need to and I don't...
by friar1610
Wed May 30, 2018 10:06 am
Forum: Personal Consumer Issues
Topic: Roadside assistance coverage?
Replies: 12
Views: 641

Re: Roadside assistance coverage?

Former AAA member here. Now just use the add-on to my auto insurance, albeit with another company. The couple of times I've needed it, it has worked as well as AAA. I used to count on AAA for their travel books and Triptiks but all that info is easily available on the internet these days.
by friar1610
Mon May 28, 2018 9:14 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Total Stock Market Index vs 500 Index
Replies: 18
Views: 3145

Re: Vanguard Total Stock Market Index vs 500 Index

As others have recommended, Total Stock has the advantage of being more diversified because it holds more stocks, including the smaller ones. Theoretically, it should be a tad more tax-efficient too. However, if you you look at a graph showing their relative performances there is virtually no differ...
by friar1610
Sun May 27, 2018 7:14 pm
Forum: Personal Consumer Issues
Topic: Peloton spin bike worth the high cost?
Replies: 30
Views: 3798

Re: Peloton spin bike worth the high cost?

I realize this is not a direct answer to your question. I belong to a gym that offers spin classes at no additional charge. I spin 2x per week, occasionally 3x, and do other stuff there as well. We have a great instructor and a group that has a good time together. I would personally find it less app...
by friar1610
Sat May 26, 2018 9:59 pm
Forum: Personal Finance (Not Investing)
Topic: Leave career (fortune 200) and join the peace corps?
Replies: 29
Views: 3337

Re: Leave career (fortune 200) and join the peace corps?

Are you sure you are eligible for the Peace Corps since you are prior military? My understanding was always that former military were fine but not if they had served in the intelligence field. (This also applies to civilian intelligence people.) The reason is that the Peace Corps needs to go out of...
by friar1610
Sat May 26, 2018 11:28 am
Forum: Personal Consumer Issues
Topic: Rowing machine
Replies: 32
Views: 2521

Re: Rowing machine

I have a very old piston type rower that I still use occasionally (e.g. when the snow is too high to get to the gym.) But at the gym I use a Concept 2. I don't know how much they cost because I'm not planning to buy one. But the C2 is far superior to my old rower.
by friar1610
Wed May 23, 2018 10:03 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Global Bond Index Portfolio (annuity)
Replies: 14
Views: 2559

Re: Vanguard Global Bond Index Portfolio (annuity)

Abuss, I'll contribute a blog entry on the topic of diversifying with International Bonds and more tomorrow. Stay tuned! Back to my original question, it doesn't seem that anybody noticed a pattern of Vanguard using the annuity platform to make a test of a possible new fund, then... Oh well, I was ...
by friar1610
Wed May 23, 2018 6:05 am
Forum: Personal Consumer Issues
Topic: Lexus RX 350, Audi Q5, or Volvo XC 60 (update)
Replies: 121
Views: 9092

Re: Lexus RX 350, Audi Q5, or Volvo XC 60

FWIW, my 2015 Volvo XC70 had some work done on it today and they gave me a 2018 XC60 as a loaner. I thought it was a nice driving car although I personally prefer wagons to SUVs. All new Volvos now have at least a 4 cyl w/turbo. The high end engine adds a supercharger for more pep. I don't know for...
by friar1610
Tue May 22, 2018 8:33 pm
Forum: Personal Consumer Issues
Topic: Lexus RX 350, Audi Q5, or Volvo XC 60 (update)
Replies: 121
Views: 9092

Re: Lexus RX 350, Audi Q5, or Volvo XC 60

FWIW, my 2015 Volvo XC70 had some work done on it today and they gave me a 2018 XC60 as a loaner. I thought it was a nice driving car although I personally prefer wagons to SUVs. All new Volvos now have at least a 4 cyl w/turbo. The high end engine adds a supercharger for more pep. I don't know for ...
by friar1610
Mon May 21, 2018 10:34 am
Forum: Personal Consumer Issues
Topic: Lexus RX 350, Audi Q5, or Volvo XC 60 (update)
Replies: 121
Views: 9092

Re: Lexus RX 350, Audi Q5, or Volvo XC 60

We recently got the XC60 for my wife and love it. The safety, tech and look are superior to the others you named IMO We test drove one yesterday. We liked it a lot. But...no Overseas Delivery. I think we are going to wait to see if by chance they bring it back. <crossing fingers> We did OSD last ye...
by friar1610
Sat May 19, 2018 5:24 pm
Forum: Personal Consumer Issues
Topic: Nephew graduating high school & joining military. Gift Ideas?
Replies: 29
Views: 1676

Re: Nephew graduating high school & joining military. Gift Ideas?

I don't use Exchanges/PXs/BXs any more but I suspect AAFES (Army-Air Force Exchange Service) has gift cards available. How about one of those in an appropriate amount?
by friar1610
Sat May 19, 2018 5:18 pm
Forum: Personal Consumer Issues
Topic: Nephew graduating high school & joining military. Gift Ideas?
Replies: 29
Views: 1676

Re: Nephew graduating high school & joining military. Gift Ideas?

Raymond wrote:
Fri May 18, 2018 11:31 pm
Tell him to run, not walk, away from anyone from "First Command Financial Services".
+1

(If he ignores this advice he will be - a larger number)
by friar1610
Sun May 13, 2018 12:29 pm
Forum: Personal Consumer Issues
Topic: Subaru Crosstrek vs Outback
Replies: 32
Views: 2458

Re: Subaru Crosstrek vs Outback

This probably doesn't pertain to OP's situation. But my wife and I just finished a several-month process of analyzing cars prior to replacing one. A Subaru Outback was a strong contender although we ended up not going with one. In multiple visits to the Subaru dealer I had a chance to look at both t...
by friar1610
Sun May 13, 2018 11:52 am
Forum: Personal Finance (Not Investing)
Topic: Does it make sense to rent as a retiree?
Replies: 83
Views: 8955

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

We have considered this too. Decided to remain homeowners to protect home as an asset should one of us need long term care and we run out of money. Medicaid allows healthy spouse to keep home. A condo is a nice alternative to single-family house... less to maintain one's self. If single, would stro...
by friar1610
Wed May 09, 2018 12:25 pm
Forum: Personal Consumer Issues
Topic: Gas Fireplace - Shut off pilot light during warm months??
Replies: 33
Views: 28633

Re: Gas Fireplace - Shut off pilot light during warm months??

I don't mean to hijack this thread but here's a related issue I just learned about in my house. We have a sealed gas fireplace with an electronic ignition that is lit by flipping a switch. I had always thought that when we had a power outage we were SOL for heat from the fireplace. This past winter ...
by friar1610
Thu May 03, 2018 1:55 pm
Forum: Investing - Help with Personal Investments
Topic: How are you widow-proofing?
Replies: 35
Views: 4550

Re: How are you widow-proofing?

Here are a few concerns that, for me, have been impediments to getting to the next level of simplification; would appreciate any insights... How big a concern are CG taxes for those of you who plan to consolidate multiple taxable accounts into a single LS or TR fund? In cases where you have CDs/I-Bo...
by friar1610
Thu May 03, 2018 12:42 pm
Forum: Personal Consumer Issues
Topic: Vanguard Steering Community - legit or scam?
Replies: 7
Views: 1128

Vanguard Steering Community - legit or scam?

Has anyone else received an email from "Vanguard Flagship Services" inviting them to join the Vanguard Steering Community"? I did, completed the linked survey and then got cold feet about some of the contact information they were asking for. Can't be too careful about scams these days. Comments from...
by friar1610
Wed May 02, 2018 10:25 am
Forum: Investing - Help with Personal Investments
Topic: Retirement at 43-45 (Military)
Replies: 17
Views: 2852

Re: Retirement at 43-45 (Military)

One piece of advice: if a company called First Command visits your base and offers free dinners/financial seminars, etc. volunteer to take the duty that night and don't go.
by friar1610
Wed May 02, 2018 10:19 am
Forum: Personal Consumer Issues
Topic: Have you quit eating sugar? Tell me how!
Replies: 129
Views: 10507

Re: Have you quit eating sugar? Tell me how!

I never used to be too big of a sugar junkie. I would generally pass on dessert, never bought a donut if I stopped for coffee, etc. But about 3 1/2 years ago I gave up alcohol. Since then I have become quite the sugar fiend. My theory is that my body is craving the sugar it no longer gets from malto...
by friar1610
Fri Apr 27, 2018 5:50 pm
Forum: Investing - Theory, News & General
Topic: Is there any way around short term capital gains taxes?
Replies: 24
Views: 1879

Re: Is there any way around short term capital gains taxes?

During the tech bubble I bought the stock of a small company that very shortly increased in value fivefold. I wanted to cash in my chips but was dissuaded from doing so because the CG would have been ST (and I was in a higher tax bracket then). So, I decided to wait until I'd owned the stock for a y...
by friar1610
Wed Apr 25, 2018 11:24 am
Forum: Investing - Help with Personal Investments
Topic: 40/60 Balanced Index ?
Replies: 10
Views: 1290

Re: 40/60 Balanced Index ?

If you/she could tolerate one simple rebalance a year, here are 2 options: 1. 50% VG Balanced Index (60-40) and 50% Life Strategy Income (20-80). This also has the advantage (if you consider it such) of diluting the international allocation you would have with LS Conservative (40-60) but leads to t...
by friar1610
Wed Apr 25, 2018 10:36 am
Forum: Personal Finance (Not Investing)
Topic: How to be a good executor to family
Replies: 44
Views: 3504

Re: How to be a good executor to family

I was an executor twice - once for my mother and once for my aunt. The first was easy as I was also the sole heir. The second was time-consuming but not awful; there were about 8 heirs one of whom was me and two of whom were my children. These comments pertain to the second case: - it's useful to re...
by friar1610
Sat Apr 21, 2018 3:24 pm
Forum: Personal Consumer Issues
Topic: Do you buy new or used cars?
Replies: 113
Views: 7837

Re: Do you buy new or used cars?

I've bought both new and used over the years. But when used they've been realatively recent model years (1-3 years old) with low mileage (<20k miles). Like you, I set a $40K limit on the purchase of my most recent one about 6 weeks ago. I was paying cash, could have afforded more but saw no reason t...
by friar1610
Thu Apr 19, 2018 8:53 pm
Forum: Personal Finance (Not Investing)
Topic: “The Smell of Retiree Mon$y...”
Replies: 57
Views: 8573

Re: “The Smell of Retiree Mon$y...”

We have arranged to leave enough money to fund a scholarship to a school after we die. To set up the scholarship we needed to let the school in on the plan because we wanted to make sure they would accept the provisions attached to the scolarship. Although we still receive mailings for their normal ...
by friar1610
Wed Apr 18, 2018 3:50 pm
Forum: Personal Consumer Issues
Topic: How do you know what price to negotiate when buying a used car?
Replies: 28
Views: 1737

Re: How do you know what price to negotiate when buying a used car?

Limiting yourself to "certified" cars is a trap that limits your options and takes away most of your negotiating power. Now, if you have the money and want that specifically, go ahead. But it's unlikely that you'll get what I would consider to be an equitable deal. I recently shopped for a 2-3 y.o....
by friar1610
Wed Apr 18, 2018 3:38 pm
Forum: Personal Consumer Issues
Topic: Perks of Owning Certain Individual Stocks
Replies: 28
Views: 3411

Re: Perks of Owning Certain Individual Stocks

Back when I worked I used to get a discount on my suits from Jos. A. Bank because I owned their stock. I have long since become an index fund BH and JOSB was acquired by Men's Wearhouse so I don't know if that still works.
by friar1610
Tue Apr 17, 2018 7:45 pm
Forum: Personal Consumer Issues
Topic: How to buy a gravestone online?
Replies: 8
Views: 682

Re: How to buy a gravestone online?

Something you may already know, but I'll mention it anyway. In addition to the cost of the stone, expect an installation charge. I learned about this when I was the Service Officer for an American Legion post. Vets are entitled to free gravestones from the VA but the government does not pay the inst...
by friar1610
Tue Apr 17, 2018 7:29 pm
Forum: Personal Consumer Issues
Topic: car at 80
Replies: 59
Views: 4703

Re: car at 80

72 yo here. I just replaced a 2005 Volvo XC70 (wagon) with a gently used 2015 version of the same thing. I can't say enough for the safety and convenience improvements over those 10 years! Knowing that I'm not getting any younger I definitely wanted things like the backup camera, blind spot detectio...