Search found 116 matches

by Bir48die
Sat Jan 18, 2020 11:59 am
Forum: Personal Finance (Not Investing)
Topic: Should I use Turbo Tax?
Replies: 20
Views: 1529

Re: Should I use Turbo Tax?

TT is very user friendly. I have used them since they came out. Easily transfer information from prior year if you continue. I move up to Premier a number of years ago due to complexity of CG's and K-1's. The greatest thing ever is last year transferring all Schwab and Fidelity info directly in the ...
by Bir48die
Mon Dec 30, 2019 11:18 am
Forum: Personal Finance (Not Investing)
Topic: Records retention
Replies: 22
Views: 2063

Re: Records retention

Seven years for me. Everything else goes away except some key receipts and any instruction/warranty info on appliances & major purchases.
by Bir48die
Thu Dec 26, 2019 11:00 pm
Forum: Personal Investments
Topic: Age 62 - just lost job - seeking advice
Replies: 110
Views: 11800

Re: Age 62 - just lost job - seeking advice

Ok. Here's my take. OP doesn't want your advice on debt load, employment suggestions and the like. He asked for investing advice on what he has in his portfolio. He wants to live in his current house and pay for loans on two cars. So, future employment and income opportunities are at his discretion....
by Bir48die
Tue Dec 24, 2019 10:40 am
Forum: Investing - Theory, News & General
Topic: NYT: "Want a Bigger Say on Corporate Behavior: Move Your Money"
Replies: 45
Views: 2201

Re: NYT: "Want a Bigger Say on Corporate Behavior: Move Your Money"

If you want to be a "socially conscious" investor then seek out those funds or selectively purchase individual stocks that make you happy.
by Bir48die
Sat Dec 21, 2019 11:17 am
Forum: Investing - Theory, News & General
Topic: Next Level Move that made the difference
Replies: 44
Views: 3427

Re: Next Level Move that made the difference

Learned to live on half my salary and believed in the market
by Bir48die
Sat Dec 21, 2019 11:12 am
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 1412
Views: 365935

Re: Share your net worth progression

Don't really remember. Numbers are just invested portfolio or savings.

1983 - $15k
1995 - $120k
2000 - $250k
2005 - $750k?
2007 - $1.0m
2008 - $700k
2010 - $1.0m
2016 - $1.6m (retired)
2019 - $2.0m

Home free & clear $650k
by Bir48die
Sat Dec 21, 2019 10:49 am
Forum: Investing - Theory, News & General
Topic: Newly-passed Tax Law and RMDs
Replies: 21
Views: 2361

Re: Newly-passed Tax Law and RMDs

This is all over the internet. Here's what I gathered: 1) RMD will move from 70.5 to 72. Since you are already pull out your RMD's that part won't affect you. 2) The IRS is looking at altering the life expectancy tables. I don't think that's happened yet or for what year it's targeted. If you are on...
by Bir48die
Sun Dec 15, 2019 11:41 am
Forum: Personal Consumer Issues
Topic: Buying last year model car when new models are out
Replies: 44
Views: 3091

Re: Buying last year model car when new models are out

When I've purchase new cars they have exclusively been last year's models purchased in late Winter or early Spring. By that time the dealers are trying to clear out the stock for current year's models. Key issues have been: 1) Is the body style the same as the 2020 model that I like? 2) Were there a...
by Bir48die
Thu Dec 05, 2019 10:22 am
Forum: Personal Finance (Not Investing)
Topic: Retirees, which accounts do you consume first: Taxable, Deferred,...?
Replies: 37
Views: 2874

Re: Retirees, which accounts do you consume first: Taxable, Deferred,...?

I am in a unique situation where I have ten years of Deferred Comp that I'm collecting. Plus my wife has a pension. Put those together and it already pushes it us into the 22% bracket. However, the end of my comp payments hit right when my RMD's will start so the timing is perfect. In the meantime I...
by Bir48die
Wed Dec 04, 2019 11:10 am
Forum: Investing - Theory, News & General
Topic: Dave Ramsey says 30 years Roth IRA to 1.3 million?
Replies: 239
Views: 20950

Re: Dave Ramsey says 30 years Roth IRA to 1.3 million?

This is a direct link to the Dave Ramsey blog. https://www.daveramsey.com/blog/how-to-wreck-your-nest-egg-at-retirement/ Here's the quote: How Can You Make Sure Your Retirement Funds Last? As long as you didn’t take the ready-fire-aim approach to retirement planning, you should already know how to ...
by Bir48die
Tue Dec 03, 2019 7:51 pm
Forum: Investing - Theory, News & General
Topic: How Far Will Dow Fall During Next Retraction
Replies: 60
Views: 4328

Re: How Far Will Dow Fall During Next Retraction

This could be one of the oddest questions I've read though I think it was done in good spirit. There are so many factors and very few are measurable. The main one is emotion and once things head south many people forget how stupid it is to liquidate or stop the bleeding. Just get your AA in line wit...
by Bir48die
Sun Dec 01, 2019 4:44 pm
Forum: Personal Finance (Not Investing)
Topic: How Much Is The Value of Your Net Worth Important to You?
Replies: 74
Views: 6471

Re: How Much Is The Value of Your Net Worth Important to You?

It a partial measure to help you understand the total picture. Your portfolio worth is a better gauge but if you’re looking at NW then you should also understand your debt load. Since many times NW includes property and it’s not liquid then it’s better to pull that from your mindset. I have a balanc...
by Bir48die
Sat Nov 30, 2019 8:16 pm
Forum: Personal Finance (Not Investing)
Topic: HSA contribution and maximization question
Replies: 7
Views: 538

Re: HSA contribution and maximization question

Both of the answers are correct. If you both have HDHP you can do the $7,100. When one switches off the HDHP you can only do the individual contribution limit. However, you can utilize the HSA for all persons in your family. But again, the limit for a family is the $7,100.
by Bir48die
Sat Nov 30, 2019 8:11 pm
Forum: Personal Finance (Not Investing)
Topic: How much are you saving for retirement in 2019?
Replies: 82
Views: 5493

Re: How much are you saving for retirement in 2019?

Zero. I saved a ton when I had a chance for the last 20 working years. With deferred comp was over 40% of my gross for the last ten years working.
by Bir48die
Mon Nov 25, 2019 11:07 am
Forum: Personal Finance (Not Investing)
Topic: Severance Negotiation - what is reasonable
Replies: 59
Views: 4251

Re: Severance Negotiation - what is reasonable

dcabler wrote:
Mon Nov 25, 2019 11:04 am
spoco79 wrote:
Mon Nov 25, 2019 10:50 am
A week of pay and benefits per year of service would be generous.
In my industry what you describe above is pretty common.
In most industries this would not happen. It happened 25 years ago.
by Bir48die
Thu Nov 21, 2019 6:05 pm
Forum: Personal Investments
Topic: 60/40 [Portfolio asset allocation]
Replies: 14
Views: 2242

Re: 60/40 [Portfolio asset allocation]

I was 100% equities until last year. At 63 I went to 60/40. I have been retired almost four years.
by Bir48die
Sun Nov 17, 2019 10:02 am
Forum: Investing - Theory, News & General
Topic: Withdrawing from deferred income plan
Replies: 7
Views: 714

Re: Withdrawing from deferred income plan

I'm in the middle of a ten year distribution plan. As a got close to retiring I met with HR administrator and they had me down as lump sum. When I initially signed up no one explained the program and I thought it would be like an IRA rollover. Well, it was not. After my initial panic attack I went b...
by Bir48die
Sun Nov 17, 2019 9:52 am
Forum: Personal Investments
Topic: Do you regret rebalancing over the last few years?
Replies: 69
Views: 6418

Re: Do you regret rebalancing over the last few years?

My rebalance a year ago matched the S&P 500 for returns in the first six months
by Bir48die
Sat Nov 16, 2019 11:14 am
Forum: Personal Investments
Topic: Don't peek, but since the 2018 highs, a 60/40 portfolio is up by What Percent?
Replies: 64
Views: 7393

Re: Don't peek, but since the 2018 highs, a 60/40 portfolio is up by What Percent?

This is interesting as I just wrote on a different thread my AA. Went to 60/40 last October. My two portfolios were up 16% and 17% respectively. I assume it was 16%
by Bir48die
Fri Nov 15, 2019 11:13 am
Forum: Personal Investments
Topic: Which SS strategy makes more sense?
Replies: 24
Views: 1998

Re: Which SS strategy makes more sense?

These choices are not always set in stone. Sure in general it's better to wait until 70 for higher payouts and a larger spousal benefit. I am keeping this decision fluid on where I claim at FRA or 70. My wife has the ability to receive some additional benefits if I die before her so we're not as inc...
by Bir48die
Tue Nov 12, 2019 10:53 am
Forum: Personal Investments
Topic: Spend It All vs. Leave $$ for the Kids
Replies: 192
Views: 15827

Re: Spend It All vs. Leave $$ for the Kids

My wife and I have different opinions on this. She is a spend it all person. On the other hand she says we don't want to be a burden on the kids. So, my philosophy has been since I'm a few years into retirement I'm a bit cautious. It doesn't mean we don't spend as our net yearly spending is right at...
by Bir48die
Tue Nov 12, 2019 10:44 am
Forum: Investing - Theory, News & General
Topic: Retired: Do you withdraw from investments or cash ?
Replies: 74
Views: 10310

Re: Retired: Do you withdraw from investments or cash ?

I get deferred comp check once a year. Around the same time I sell equal amounts out of my two after tax portfolios and park in Fidelity MM. That is my yearly budget money.

Wife's pension goes in her account and I never see a penny. Who know what she's up to.
by Bir48die
Sat Nov 09, 2019 6:00 pm
Forum: Personal Consumer Issues
Topic: After 2 weeks on new job, I am wanting to return to my old job, this is a terrible idea right?
Replies: 64
Views: 6942

Re: After 2 weeks on new job, I am wanting to return to my old job, this is a terrible idea right?

My old boss gave me 30 days to come back. I almost called. Hung in there and new job turned out to be awesome. That being said its not the same as your situation. See how the meeting goes. We all make mistakes. You have an out here. Eliminate this time period and remove from your resume. Who cares? ...
by Bir48die
Mon Nov 04, 2019 9:29 am
Forum: Personal Finance (Not Investing)
Topic: Getting a mortgage after retirement
Replies: 24
Views: 1706

Re: Getting a mortgage after retirement

I'm in the camp of personal preference. I didn't want a mortgage and it was always my plan to pay it off prior to retirement. Since it sounds like you have considerable assets I don't see a wrong answer.
by Bir48die
Wed Oct 30, 2019 11:09 am
Forum: Personal Consumer Issues
Topic: Have you ever purchased a pricy musical instrument?
Replies: 106
Views: 7962

Re: Have you ever purchased a pricy musical instrument?

When my first wife died at 50 years old, my company had an automatic $10k policy on spouses. She could never have gotten LI anywhere else due to longstanding illness. After paying for the funeral costs I went out and bought a Martin acoustic guitar. Was $800 or $900 at the time. I had played an old ...
by Bir48die
Sat Oct 26, 2019 9:34 am
Forum: Personal Finance (Not Investing)
Topic: Who does your tax returns?
Replies: 103
Views: 5746

Re: Who does your tax returns?

I have done mine all my life. I will say it was difficult for quite awhile due to accounting for all the capital gains and K-1's. Now finally I get direct transfer on all data from Schwab and Fidelity on TT. However I still have to do 20 or so K-1's which for the most part is just time consuming.
by Bir48die
Fri Oct 25, 2019 10:38 am
Forum: Personal Finance (Not Investing)
Topic: Debating getting a W2 vs 1099 for my contract work
Replies: 33
Views: 1286

Re: Debating getting a W2 vs 1099 for my contract work

I'm assuming if you did go with the W-2 that they would pay the normal SS? Yes you do pay SE tax to cover some piece of SS. I have found that those with 1099's don't pay into the system as much as others after deducting the appropriate expenses. So, do you know the effect that both scenarios have on...
by Bir48die
Thu Oct 24, 2019 9:07 am
Forum: Personal Consumer Issues
Topic: How to get quicker hot water
Replies: 45
Views: 2656

Re: How to get quicker hot water

A post like this reminds me of how blessed we are in America. We worry about getting instant hot water while much of the world worries about getting drinkable water. Yes, BUT some of us worry about wasting water while waiting for it to heat up. As I explained to our plumber when I increased the pow...
by Bir48die
Wed Oct 23, 2019 2:35 pm
Forum: Personal Finance (Not Investing)
Topic: Do you plan to actually spend down your portfolio?
Replies: 347
Views: 26326

Re: Do you plan to actually spend down your portfolio?

No I don't. Why? 1) We live very comfortably 2) Yes our portfolio has grown during the 3 1/2 years of retirement 3) There is a chance we'll inherit some money from my MIL 4) I want to have a buffer for our later years in case we have significant medical or asst living bills (not be a burden to our k...
by Bir48die
Thu Oct 17, 2019 9:53 am
Forum: Personal Finance (Not Investing)
Topic: What percent of net worth should a persons house be?
Replies: 141
Views: 10892

Re: What percent of net worth should a persons house be?

What percent of net worth should a persons house be? 20%. Each time your net worth increases, you expand your house; and when the stock market goes down, you need to knock down a bedroom or two! Agree with this percentage. Personally I don't factor in home value when keeping track of NW. Main metri...
by Bir48die
Wed Oct 16, 2019 6:03 pm
Forum: Personal Consumer Issues
Topic: Why are Mazda CX-5’s sales so much less than other brands?
Replies: 69
Views: 8406

Re: Why are Mazda CX-5’s sales so much less than other brands?

Trader Joe wrote:
Mon Oct 14, 2019 6:44 pm
Why are Mazda CX-5’s sales so much less than other brands?

Mazda is bottom shelf when compared to Toyota and Honda. Toyota and Honda are much superior vehicles.
Huh? Nice try on this. Have a CX-5 and RAV4. Both excellent vehicles.
by Bir48die
Wed Oct 16, 2019 6:00 pm
Forum: Personal Finance (Not Investing)
Topic: Cobra coverage and ACA mandate
Replies: 9
Views: 867

Re: Cobra coverage and ACA mandate

Even when there were penalties for the ACA you can have a two month gap called "short term gap" and not get penalized. They just had to be two consecutive months that didn't wrap around the new year. That being said, all penalties are off.
by Bir48die
Wed Oct 16, 2019 5:54 pm
Forum: Personal Consumer Issues
Topic: Alternatives to Subaru Outback?
Replies: 84
Views: 9029

Re: Alternatives to Subaru Outback?

I live in the #1 Subaru Outback market in the world. Had one years ago during the years they would blow head gaskets early.

Toyota RAV4 - I love it
Mazda CX-5 - Wife loves it
Honda CRV

Many of the small SUV's are awesome. Those who listed Highlanders add another $15k on the price tag.
by Bir48die
Wed Oct 16, 2019 5:50 pm
Forum: Personal Consumer Issues
Topic: How do I store a boat this winter?
Replies: 20
Views: 1654

Re: How do I store a boat this winter?

I bought a boat cover for about $250 that fit my size of boat. They are plentiful on the internet. If you buy a canvas cover then make sure you ratchet it down firmly so water doesn't collect. Also you'll need to winterize your motor every year to the tune of $300.
by Bir48die
Wed Oct 16, 2019 5:19 pm
Forum: Personal Investments
Topic: 7-figure portfolio: 1-year review
Replies: 16
Views: 3623

Re: 7-figure portfolio: 1-year review

Totally agree that this does not fit the age of the OP. At a minimum I'd have 70% equities but when I was that age I was 100%. There will be a bumpy ride or two with heavy equity position but hang in there because you're at least two cycles away from retirement. That being said we are in an incredib...
by Bir48die
Mon Oct 14, 2019 8:36 am
Forum: Personal Finance (Not Investing)
Topic: What’s the proper way to pay yourself in retirement?
Replies: 66
Views: 8779

Re: What’s the proper way to pay yourself in retirement?

Four years in and what I don’t take out of my Deferred Comp is taken out of my taxable accounts. I don’t pull out my dividends or capital gains. They are reinvested. I just pick a number in April of what I need for the year. Then I transfer this amount into my Fidelity MM account one time. I pay mys...
by Bir48die
Sat Sep 28, 2019 9:32 am
Forum: Investing - Theory, News & General
Topic: How much cash do you keep in your HSA?
Replies: 63
Views: 5102

Re: How much cash do you keep in your HSA?

I have been unable to take advantage of an HSA until a couple years ago when I came off Cobra. I have maxed out plus catch up. Only have nine months till I go on Medicare and will drain it down. If I had the opportunity to build this up earlier I would have. As you age, you'll need it.
by Bir48die
Tue Sep 24, 2019 10:59 am
Forum: Personal Investments
Topic: Currently invested in 100% stock
Replies: 130
Views: 14726

Re: Currently invested in 100% stock

I was into my third year of retirement (last Oct) when I moved from 100% equities to 60/40. I'm in agreement at your age 100% is just fine. Disclaimer: I did have a decent % of MLP's in one of my accounts.
by Bir48die
Fri Sep 20, 2019 10:11 am
Forum: Personal Consumer Issues
Topic: wild caught sockeye salmon
Replies: 73
Views: 10187

Re: wild caught sockeye salmon

Sockeye salmon comes and goes every year. Some of the fish processors started an awesome campaign that promotes "Copper River Salmon". People live and die for this each year. They are catching these fish during the run and once they meet quota it's over. If you have a concern buy big when they show ...
by Bir48die
Sat Jul 20, 2019 9:18 am
Forum: Personal Consumer Issues
Topic: Recycling Different Plastics
Replies: 76
Views: 5081

Re: Recycling Different Plastics

If everyone on earth lived like americans, it would be a smoggy place. Americans don't need to self-flagellate all the time. I think most people do care, as you indicate, but then daily reality intercedes, i.e. we are the world's biggest economy. And then there's the faux reality of a patchwork of ...
by Bir48die
Mon Jul 15, 2019 10:29 am
Forum: Personal Finance (Not Investing)
Topic: House not appraising for amount we were offered!
Replies: 137
Views: 15235

Re: House not appraising for amount we were offered!

I live in a very hot market. When we put our house up for sale after buying another we had several offers. One was very clean while another was $25k higher or about 7% of asking price. Though I had done a ton of work on the house we knew it probably wouldn't appraise to the higher offer. Many buyers...
by Bir48die
Mon Jul 15, 2019 10:21 am
Forum: Personal Consumer Issues
Topic: Survived the First Week [of retirement, what's next?]
Replies: 70
Views: 9860

Re: Survived the First Week [of retirement, what's next?]

I kind of get it. I was asked to go P/T as long as I wanted and it was a very lucrative deal. However, I have never felt like work defined me or gave me purpose. It was a means to not work. So, I understand being antsy but not wanting to have some meaning attached to working. I'm three years in. I r...
by Bir48die
Thu Jun 06, 2019 9:50 am
Forum: Personal Investments
Topic: This market just scares me...
Replies: 43
Views: 4519

Re: This market just scares me...

How old are you? If you're younger than mid 50's what is your concern? Markets rise and fall. Retirement investing is a long term strategyl. If you're just getting started investing on your own why are you trying to time the market? Just do some reallocation and stick with the plan. Unless you're go...
by Bir48die
Tue May 28, 2019 2:41 pm
Forum: Personal Finance (Not Investing)
Topic: Can I deduct a loss for non-paying patients?
Replies: 48
Views: 4007

Re: Can I deduct a loss for non-paying patients?

Hey, I get the frustration with Medicare and billing. Just know that those of us either close to or nearing Medicae are scared shi*less by being denied by a physician who doesn't think they're being adequately compensated. Just sayin'
by Bir48die
Tue May 28, 2019 2:32 pm
Forum: Personal Finance (Not Investing)
Topic: Putting off Social Security until 70
Replies: 106
Views: 14980

Re: Putting off Social Security until 70

I love how most posters make comments from one vantage point. It's either about payback or it's about longevity insurance. If you look at things with the mindset that maybe 40% of the people have unique circumstances. Think of examples of situations where others can take it during the continuum betw...
by Bir48die
Mon May 27, 2019 2:24 am
Forum: Personal Consumer Issues
Topic: Where to buy products at TRUE wholesale prices?
Replies: 51
Views: 4251

Re: Where to buy products at TRUE wholesale prices?

I was a vendor to Costco. Their margin is 14% tops plus 3% for freight. The majority of the company's profits are derived from the membership fees. If they are commodity items then it's an easy comparison to other sellers on where the value is. When it comes to upper end items Costco generally likes...
by Bir48die
Sat Apr 20, 2019 9:54 am
Forum: Personal Investments
Topic: Portfolio Review Request
Replies: 10
Views: 1157

Re: Portfolio Review Request

Hi all, New and aspiring Boglehead here, I have a few questions below and would really appreciate your feedback and advice. I have completed the template, let me know if any additional information would be helpful. Emergency funds: None, planning to fund one this year Income: 180k + 15k bonus Debt:...
by Bir48die
Wed Apr 17, 2019 10:28 am
Forum: Personal Finance (Not Investing)
Topic: Avoiding a tax penalty
Replies: 9
Views: 961

Re: Avoiding a tax penalty

Not a cpa or in any way a tax expert, but here's my thoughts: 1. If you are just doing your 2017 taxes now, then you'll have to file by paper (vs electronic). The timeframe is longer via paper filing to have your filing accepted and processed. WHY WOULD HE HAVE TO FILE BY PAPER? YOU CAN FILE ELECTR...
by Bir48die
Mon Mar 25, 2019 10:50 am
Forum: Personal Consumer Issues
Topic: I would like a boat. I also know nothing about boats
Replies: 147
Views: 10116

Re: I would like a boat. I also know nothing about boats

Sure, boats can be expensive. However, if you live on a lake how can you not have one? Two ways to go: 1) Party Barge - Pontoon boat. Great for entertaining, bad for everything else. 2) Ski Boat - More versatile but limit on number of people you can have in it. First thing is to get your boaters lic...
by Bir48die
Mon Mar 18, 2019 7:20 pm
Forum: Personal Finance (Not Investing)
Topic: How Important is a Credit Score?
Replies: 86
Views: 4477

Re: How Important is a Credit Score?

I have been debt free for many years. However, credit scores are incredibly important. You want car or home insurance? They look at your credit score. Obviously any lines of credit? Need a good credit score. More and more companies use this as a benchmark. I use my credit card on many things and pay...