Search found 7812 matches

by michaeljc70
Wed Aug 04, 2021 8:15 pm
Forum: Personal Finance (Not Investing)
Topic: New neighbor interested in buying our home too
Replies: 55
Views: 9043

Re: New neighbor interested in buying our home too

It's been 20 months. The neighbor is not buying their house.
by michaeljc70
Tue Aug 03, 2021 9:09 am
Forum: Personal Consumer Issues
Topic: I really want a car but don't need one: Please help
Replies: 43
Views: 3398

Re: I really want a car but don't need one: Please help

I don't know if you should buy a car, but for your use case I don't see why you would by one right now which seems the worst possible time pricewise. We bought a used car 6 weeks ago and probably paid 20-30% more than we would have a year prior, but we needed to replace a car and couldn't wait. Alth...
by michaeljc70
Tue Aug 03, 2021 9:06 am
Forum: Personal Consumer Issues
Topic: [What TV Show Have You Recently Watched?]
Replies: 2997
Views: 299064

Re: [What TV Show Have You Recently Watched?]

Dr. Death. Stars Joshua Jackson, Alec Baldwin and Christian Slater. Based on a true story of a spinal surgeon that has a lot of negative outcomes yet seems to slip through the cracks. I thought it was interesting. They never really got into why he did it (it seems pretty clear it was intentional and...
by michaeljc70
Tue Aug 03, 2021 7:25 am
Forum: Personal Finance (Not Investing)
Topic: Father intends to have no will. He will use named beneficiaries on accounts to distribute assets to heirs. Is this wise?
Replies: 140
Views: 11302

Re: Father intends to have no will. He will use named beneficiaries on accounts to distribute assets to heirs. Is this w

As others have said, the main issues are personal belongings and if one of the expected beneficiaries dies before the father. For example, say the wife dies before the father and he doesn't change who gets the house in time. The wife's long lost cousin (or whoever her heirs could be) could get the h...
by michaeljc70
Wed Jul 28, 2021 9:23 am
Forum: Personal Consumer Issues
Topic: No mail since Thursday - Informed Delivery reporting?
Replies: 20
Views: 1786

Re: No mail since Thursday - Informed Delivery reporting?

This is not a piece of missing mail. This is no mail being delivered for 3 days in a row. I also believe this is a systemic problem-meaning no one/most people in my area got no mail for three days. They removed the Postmaster here last month due to so many problems. Note, she was removed...not fired...
by michaeljc70
Wed Jul 28, 2021 8:18 am
Forum: Personal Finance (Not Investing)
Topic: Timing for ACA Lifechange declaration with LTCG
Replies: 5
Views: 525

Re: Timing for ACA Lifechange declaration with LTCG

I don't think it matters much in your case. I would not change my ACA application and just reconcile it (if applicable) on my tax return. In almost any year I am guessing what my income will be for ACA purposes.
by michaeljc70
Wed Jul 28, 2021 8:11 am
Forum: Personal Finance (Not Investing)
Topic: One month, still no counteroffer [job]
Replies: 79
Views: 5875

Re: One month, still no counteroffer [job]

Them dragging their feet would reassure me that I made the right decision taking a new job.
by michaeljc70
Tue Jul 27, 2021 9:01 pm
Forum: Personal Consumer Issues
Topic: No mail since Thursday - Informed Delivery reporting?
Replies: 20
Views: 1786

Re: No mail since Thursday - Informed Delivery reporting?

Wondering if there is some coordinated subterfuge by postal workers. DS has been getting notices that no one home to accept deliveries despite him watching the postal worker on camera who has made no attempt to bring the item to the house nor knock on door, as DS works from home. He then has to go ...
by michaeljc70
Tue Jul 27, 2021 8:36 am
Forum: Personal Consumer Issues
Topic: No mail since Thursday - Informed Delivery reporting?
Replies: 20
Views: 1786

No mail since Thursday - Informed Delivery reporting?

I haven't received any mail since Thursday. According to Informed Delivery, I should have received 10 pieces of mail (including a replacement credit card). I have marked them as not received on the dashboard. I am wondering if that does anything on an individual level or is just used for high level ...
by michaeljc70
Tue Jul 27, 2021 6:48 am
Forum: Personal Finance (Not Investing)
Topic: Parents having trouble getting home loan
Replies: 23
Views: 3216

Re: Parents having trouble getting home loan

Having been in a similar situation before, I am curious how the asset back mortgage works. Specifically, can you get one based on retirement accounts if under age 59.5? I was unable to get a mortgage when I bought my current home due to being newly self employed. I was told it didn't matter if I had...
by michaeljc70
Tue Jul 27, 2021 6:24 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage Servicing - MrCooper - Prepay full month to enroll in Biweekly Autopay
Replies: 18
Views: 1294

Re: Mortgage Servicing - MrCooper - Prepay full month to enroll in Biweekly Autopay

No idea... but why bother? Just divide your mortgage payment by 12 and pay that amount extra toward principal each month. Or simply make an extra payment at the start of each year. You're of course aware that you need to make sure they apply any extra payments to principal immediately and don't jus...
by michaeljc70
Sun Jul 25, 2021 1:12 pm
Forum: Personal Consumer Issues
Topic: My homeowners insurance company broke up with me
Replies: 34
Views: 4267

Re: My homeowners insurance company broke up with me

With 3 claims in 10 years you will probably be paying more or not taken at all as a new customer. My brother bought a house around 12 years ago. He almost couldn't close because there was a water damage claim by a previous owner many years prior. Almost no one would write a homeowner's policy even t...
by michaeljc70
Sat Jul 24, 2021 10:58 am
Forum: Personal Consumer Issues
Topic: any reason NOT to get my catalytic converter etched through my local police dept
Replies: 57
Views: 4334

Re: any reason NOT to get my catalytic converter etched through my local police dept

Catalytic converter theft is rampant in the city I live in. I don't think one thief would care that it is etched as they can remove that and mostly they are sold for the metals inside. Even if it is being sold to be used on another car, what mechanic or buyer is going to call the police and see if i...
by michaeljc70
Sat Jul 24, 2021 9:17 am
Forum: Personal Finance (Not Investing)
Topic: Retiring Early Just on Savings (i.e. No Significant Pension or SS) mitigating market risks
Replies: 36
Views: 5292

Re: Retiring Early Just on Savings (i.e. No Significant Pension or SS) mitigating market risks

OP, if you use a tool like Firecalc it will run your numbers through every historical situation and tell you how you did. If you are not familiar with it, Firecalc (there are also other similar tools) will pretend you retired in each historical year and see if your money lasted or not. So, for examp...
by michaeljc70
Sat Jul 24, 2021 9:02 am
Forum: Personal Finance (Not Investing)
Topic: Retiring Early Just on Savings (i.e. No Significant Pension or SS) mitigating market risks
Replies: 36
Views: 5292

Re: Retiring Early Just on Savings (i.e. No Significant Pension or SS) mitigating market risks

I'm curious how many people feel confident retiring for 40+ years on just savings, i.e. no fixed guaranteed income to speak off. If you look at the historical valuation of the SP500 (i.e. https://www.forecast-chart.com/historical-sp-500.html) you'll see its a tale of two situations. The one most ci...
by michaeljc70
Sat Jul 24, 2021 8:01 am
Forum: Personal Finance (Not Investing)
Topic: Retiring Early Just on Savings (i.e. No Significant Pension or SS) mitigating market risks
Replies: 36
Views: 5292

Re: Retiring Early Just on Savings (i.e. No Significant Pension or SS) mitigating market risks

I'm curious how many people feel confident retiring for 40+ years on just savings, i.e. no fixed guaranteed income to speak off. If you look at the historical valuation of the SP500 (i.e. https://www.forecast-chart.com/historical-sp-500.html) you'll see its a tale of two situations. The one most ci...
by michaeljc70
Sat Jul 24, 2021 7:54 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard 2-step verification almost every single time!
Replies: 55
Views: 5355

Re: Vanguard 2-step verification almost every single time!

I have this issue with other accounts all the time including Vanguard. I am not using a VPN. My IP is not changing. I think it is related to OS updates or browser updates, but I'm not sure. I have it on my Windows laptop and Chromebook.
by michaeljc70
Tue Jul 20, 2021 11:45 pm
Forum: Investing - Theory, News & General
Topic: Dying Broke (On Purpose) Article
Replies: 201
Views: 20558

Re: Dying Broke (On Purpose) Article

I have not read the book (the link in the OP is dead also). But seriously, how do I die broke if I want to???? I retired at 46 and at that point I could live another 46 years (relatives have lived longer than 92). I have no idea if I will inherit money and if so how much. I have no idea how my inve...
by michaeljc70
Tue Jul 20, 2021 4:38 pm
Forum: Investing - Theory, News & General
Topic: Dying Broke (On Purpose) Article
Replies: 201
Views: 20558

Re: Dying Broke (On Purpose) Article

I have not read the book (the link in the OP is dead also). But seriously, how do I die broke if I want to???? I retired at 46 and at that point I could live another 46 years (relatives have lived longer than 92). I have no idea if I will inherit money and if so how much. I have no idea how my inve...
by michaeljc70
Tue Jul 20, 2021 4:35 pm
Forum: Investing - Theory, News & General
Topic: Dying Broke (On Purpose) Article
Replies: 201
Views: 20558

Re: Dying Broke (On Purpose) Article

I have not read the book (the link in the OP is dead also). But seriously, how do I die broke if I want to???? I retired at 46 and at that point I could live another 46 years (relatives have lived longer than 92). I have no idea if I will inherit money and if so how much. I have no idea how my inves...
by michaeljc70
Tue Jul 20, 2021 3:45 pm
Forum: Personal Finance (Not Investing)
Topic: Quicken Alternatives
Replies: 172
Views: 14611

Re: Quicken Alternatives

I've been avoiding web-based financial software like Mint and Tiller because it just makes me nervous to hand over those passwords. But they've been operating for several years now without a problem, and I'm not even exactly sure what I'm nervous about. They both seem like a much smoother experienc...
by michaeljc70
Tue Jul 20, 2021 8:42 am
Forum: Personal Finance (Not Investing)
Topic: How did you solve the pre-medicare healthcare riddle?
Replies: 123
Views: 12130

Re: How did you solve the pre-medicare healthcare riddle?

Their are early retirees who pay less on healthcare with the ACA than what some people pay on healthcare when they actually have medicare. Some of these early retirees are millionaires, but they know how to manage MAGI. Yes. But they must have pretty low income and be pretty healthy. We get a decen...
by michaeljc70
Mon Jul 19, 2021 10:25 am
Forum: Personal Finance (Not Investing)
Topic: How did you solve the pre-medicare healthcare riddle?
Replies: 123
Views: 12130

Re: How did you solve the pre-medicare healthcare riddle?

Their are early retirees who pay less on healthcare with the ACA than what some people pay on healthcare when they actually have medicare. Some of these early retirees are millionaires, but they know how to manage MAGI. Yes. But they must have pretty low income and be pretty healthy. We get a decen...
by michaeljc70
Mon Jul 19, 2021 9:54 am
Forum: Personal Finance (Not Investing)
Topic: How did you solve the pre-medicare healthcare riddle?
Replies: 123
Views: 12130

Re: How did you solve the pre-medicare healthcare riddle?

Managing income and the ACA. The problem I have found with part-time work is just about everywhere requires 30 hours of work to qualify for insurance and that turns into 4 days. So, I am not going to work at Home Depot 4 days and make $25k when I could work 5 days/40 hours in my field and make $150k.
by michaeljc70
Sun Jul 18, 2021 11:55 am
Forum: Personal Finance (Not Investing)
Topic: Cash in bank to sleep well at night
Replies: 93
Views: 10520

Re: Cash in bank to sleep well at night

It was bothering me that I had a few thousand sitting in retirement accounts not invested. I eventually invested it even though it won't move the needle. I am not sure what kind of emergencies people have that cost 6 figures. An emergency to me is an unexpected repair on a car or on a home or an une...
by michaeljc70
Sun Jul 18, 2021 8:25 am
Forum: Personal Consumer Issues
Topic: Why Does No One Talk About Sales Tax When Considering Locations to Retire?
Replies: 136
Views: 8119

Re: Why Does No One Talk About Sales Tax When Considering Locations to Retire?

My biggest expense is property taxes and there is no sales tax on that. Although the sales tax is 10.25% here on most goods, there is no tax on services. There is no tax on prescriptions or doctor visits. The tax on most groceries is 1%. Sugary drinks is a 13% tax (aggravates me that cranberry juice...
by michaeljc70
Fri Jul 16, 2021 6:14 pm
Forum: Personal Finance (Not Investing)
Topic: Reverse Mortgage Explanation
Replies: 18
Views: 1302

Re: Reverse Mortgage Explanation

Bogleheads seem to be against Reverse Mortgage on the premise that "Our goal is to be so wealthy so as to not need them." Since your relative is apparently not as wealthy as the people on this forum, I'm not sure if the typical Boglehead advise on this issue applies. Yes...but if you are ...
by michaeljc70
Fri Jul 16, 2021 8:17 am
Forum: Personal Finance (Not Investing)
Topic: Reverse Mortgage Explanation
Replies: 18
Views: 1302

Re: Reverse Mortgage Explanation

The lender will get the money they send you and interest they charge when you die or sell the home. What I don't like about them is the fees/rates. It isn't a payday loan, but it isn't a conforming mortgage either. I guess if I were desperate I'd probably sell the home and move into an apartment bef...
by michaeljc70
Wed Jul 14, 2021 3:02 pm
Forum: Personal Finance (Not Investing)
Topic: Buy, Borrow, Die: How Rich Americans Live Off Their Paper Wealth
Replies: 170
Views: 22284

Re: Buy, Borrow, Die: How Rich Americans Live Off Their Paper Wealth

So I see two scenarios where this strategy could be quite useful for an early retiree: 1) Keeping income low for ACA subsidies, 2) Keeping income low for conversions to roth IRA from traditional sources. As an example, if I were to retire at 55 and had 10 years of medical premiums to cover on my ow...
by michaeljc70
Wed Jul 14, 2021 9:24 am
Forum: Personal Finance (Not Investing)
Topic: Buy, Borrow, Die: How Rich Americans Live Off Their Paper Wealth
Replies: 170
Views: 22284

Re: Buy, Borrow, Die: How Rich Americans Live Off Their Paper Wealth

Here is an example of a good use for this. Family retires at 60 with 5 years to pay for health insurance at about $25k/yr. Instead of insuring capital gains and paying for healthcare, they take out a loan for their living expenses for those 5 years effectively getting $125k in healthcare subsidies....
by michaeljc70
Wed Jul 14, 2021 7:26 am
Forum: Personal Finance (Not Investing)
Topic: Homeowner's Insurance Deductible
Replies: 23
Views: 2791

Re: Homeowner's Insurance Deductible

I have it at $1k. It is $700/yr, so I doubt upping it to $2000 or $2500 would save much otherwise I'd do it.
by michaeljc70
Wed Jul 14, 2021 7:22 am
Forum: Personal Finance (Not Investing)
Topic: Buy, Borrow, Die: How Rich Americans Live Off Their Paper Wealth
Replies: 170
Views: 22284

Re: Buy, Borrow, Die: How Rich Americans Live Off Their Paper Wealth

I think it’s a viable alternative of mortgage. No fees, appraisal, title insurance and all that hassles. You're going to make probably the biggest purchase of your life and hope that no one has filed a lien on it? I suppose oil changes for my car are a hassle and so is going to the dentist, but I d...
by michaeljc70
Tue Jul 13, 2021 7:49 am
Forum: Personal Finance (Not Investing)
Topic: Decumulation Calculator - Feedback
Replies: 15
Views: 1694

Re: Decumulation Calculator - Feedback

There were a couple of comments on Firecalc. I have used Firecalc many times. It gives you a percentage of how many scenarios your inputs would succeed (you don't run out of money). If you want to "die broke", what % would you shoot for? Though I find the tool very useful, I don't see how...
by michaeljc70
Tue Jul 13, 2021 6:47 am
Forum: Personal Consumer Issues
Topic: How to save on water costs?
Replies: 91
Views: 6256

Re: How to save on water costs?

sport wrote: Fri Jun 18, 2021 12:32 pm Live near one of the Great Lakes. Our water bill is about $30/month. There is no shortage of water and the quality of the municipal water is very good.
Same here. And it has gone up a lot in the last 5 years. It used to be dirt cheap.
by michaeljc70
Tue Jul 13, 2021 6:39 am
Forum: Personal Finance (Not Investing)
Topic: Decumulation Calculator - Feedback
Replies: 15
Views: 1694

Re: Decumulation Calculator - Feedback

There were a couple of comments on Firecalc. I have used Firecalc many times. It gives you a percentage of how many scenarios your inputs would succeed (you don't run out of money). If you want to "die broke", what % would you shoot for? Though I find the tool very useful, I don't see how ...
by michaeljc70
Sun Jul 11, 2021 9:34 am
Forum: Personal Consumer Issues
Topic: Give a credit-card company a heads-up for an unusual charge??
Replies: 29
Views: 2890

Re: Give a credit-card company a heads-up for an unusual charge??

It sounds as if you have had some specific issues or experiences with these cards. Would you care to provide some additional background? Bob, I'll chip in here. I recent found CITI to be a PIA. We just drove from SF Bay Area to Montana and back. On day 1, bought gas then snacks somewhat east of Ren...
by michaeljc70
Sun Jul 11, 2021 9:18 am
Forum: Personal Consumer Issues
Topic: Give a credit-card company a heads-up for an unusual charge??
Replies: 29
Views: 2890

Re: Give a credit-card company a heads-up for an unusual charge??

If its citi - yes. If its BAC or CapOne - No. If its Elan, Chase or TD - maybe. It sounds as if you have had some specific issues or experiences with these cards. Would you care to provide some additional background? Bob, I'll chip in here. I recent found CITI to be a PIA. We just drove from SF Bay...
by michaeljc70
Sat Jul 10, 2021 1:50 pm
Forum: Personal Finance (Not Investing)
Topic: Can we be done working and be ok?
Replies: 201
Views: 13921

Re: Can we be done working and be ok?

Surely I can’t be the only 50-something who gets a little discouraged reading this forum sometimes 😄 Worked steadily the last 35 years with a decent income, invested religiously in my 401k, frugal to the point of tightwad-ness, and have a good deal less NW ☹️ I am discouraged at times when reading ...
by michaeljc70
Sat Jul 10, 2021 9:31 am
Forum: Personal Consumer Issues
Topic: Give a credit-card company a heads-up for an unusual charge??
Replies: 29
Views: 2890

Re: Give a credit-card company a heads-up for an unusual charge??

The last time a charge was flagged, I got a text (and email) and I just had to respond with 'Y' that it was me and then try the transaction again and it went through. I wouldn't bother calling....an exception would be if it was going to be a large charge outside of the country which would be more li...
by michaeljc70
Sat Jul 10, 2021 9:23 am
Forum: Personal Finance (Not Investing)
Topic: Can we be done working and be ok?
Replies: 201
Views: 13921

Re: Can we be done working and be ok?

Agreed.. We are close in age and # of kids, but have a good deal more NW. We don't have enough to pull the plug yet. You probably need 2x for your expense estimate, or more once you factor in college/healthcare. Surely I can’t be the only 50-something who gets a little discouraged reading this foru...
by michaeljc70
Sat Jul 10, 2021 6:35 am
Forum: Personal Finance (Not Investing)
Topic: Can we be done working and be ok?
Replies: 201
Views: 13921

Re: Can we be done working and be ok?

Agreed.. We are close in age and # of kids, but have a good deal more NW. We don't have enough to pull the plug yet. You probably need 2x for your expense estimate, or more once you factor in college/healthcare. Surely I can’t be the only 50-something who gets a little discouraged reading this foru...
by michaeljc70
Fri Jul 09, 2021 12:52 pm
Forum: Personal Finance (Not Investing)
Topic: Can we be done working and be ok?
Replies: 201
Views: 13921

Re: Can we be done working and be ok?

We cannot speculate on future legislation. However, if we look at the trend of entitlement spending....and that it is political suicide to cut (or allow to be cut) SS.....I can make some reasonable planning assumptions.
by michaeljc70
Fri Jul 09, 2021 8:16 am
Forum: Personal Finance (Not Investing)
Topic: Can we be done working and be ok?
Replies: 201
Views: 13921

Re: Can we be done working and be ok?

No, mostly because of having only 47% in stocks. Otherwise I'd say your close if your expenses are really $84k. With a family of 4 you might be able to get an ACA subsidy depending on how much in capital gains/dividends/interest your investments throw off. Something like VTI had a dividend yield of ...
by michaeljc70
Thu Jul 08, 2021 9:49 am
Forum: Personal Consumer Issues
Topic: Fighting the Urge on Bathroom Remodels
Replies: 60
Views: 5856

Re: Fighting the Urge on Bathroom Remodels

If you are on the fence, remodel the one you use the most (which I assume is the master). If you do most of the work yourself it won't be much money. You can get a good looking vanity for not a lot of money and inexpensive, good looking tile options are abundant these days. Things that can make it m...
by michaeljc70
Thu Jul 08, 2021 8:21 am
Forum: Personal Finance (Not Investing)
Topic: ACA Subsidy - losing favorable ACA benefits for employer plan
Replies: 3
Views: 570

Re: ACA Subsidy - losing favorable ACA benefits for employer plan

This link addresses your questions: https://www.healthinsurance.org/obamacare/no-family-left-behind-by-obamacare/ Here is a section of the text from the link above that addresses your first question: "If an employer plan doesn’t cover spouses at all, the spouse is eligible to get subsidies in ...
by michaeljc70
Thu Jul 08, 2021 8:16 am
Forum: Personal Finance (Not Investing)
Topic: How did you arrive at your probable age of death?
Replies: 220
Views: 14558

Re: How did you arrive at your probable age of death?

No fans of the "Rich, Broke, or Dead?" retirement calculator? Too simplistic for me. I like Rich, Broker or Dead for one key reason. It visualizes the likelihood of death vs. the likelihood of being broke in a way that I have never seen anywhere else. There are two kinds of core risks in ...
by michaeljc70
Wed Jul 07, 2021 6:04 pm
Forum: Personal Finance (Not Investing)
Topic: ACA Subsidy - losing favorable ACA benefits for employer plan
Replies: 3
Views: 570

ACA Subsidy - losing favorable ACA benefits for employer plan

We are lucky in that I just re-submitted our ACA application (new changes became available 7/1). Due to unemployed spouse (I am retired), we were able to get a $0 deductible Silver plan with CSRs for $8/mo. The out of pocket max is $900 per person with low co-pays ($5 primary doctor, $10 specialist)...
by michaeljc70
Wed Jul 07, 2021 8:24 am
Forum: Personal Finance (Not Investing)
Topic: How did you arrive at your probable age of death?
Replies: 220
Views: 14558

Re: How did you arrive at your probable age of death?

I use a high enough age (90) that I don't think it will make much of a difference. That is 12 years past the average male life expectancy, but I had two grandparents live into their 90s. If I used 95 I doubt it would change my plan other than very slightly.
by michaeljc70
Tue Jul 06, 2021 11:11 am
Forum: Personal Finance (Not Investing)
Topic: Homeowners Insurance - Aren't they all the same? [Quotes Included]
Replies: 48
Views: 6027

Re: Homeowners Insurance - Aren't they all the same? [Quotes Included]

One thing I noticed in getting quotes recently was you have to watch the discounts applied. Some quote with them assuming you use their device or phone app to monitor your driving. Good point…I declined all of those safe driving or monitoring apps when seeking quotes. The only specific discount acr...
by michaeljc70
Tue Jul 06, 2021 9:29 am
Forum: Personal Finance (Not Investing)
Topic: Homeowners Insurance - Aren't they all the same? [Quotes Included]
Replies: 48
Views: 6027

Re: Homeowners Insurance - Aren't they all the same? [Quotes Included]

If anyone is interested...Here is the apples-to-apples comparison of coverage - sorted from lowest price to highest price. I'm not seeing the "apples-to-apples" aspect - when you scroll down, the deductibles and coverage limits are fairly different between the policies You are technically...