Search found 135 matches

by Bir48die
Fri Jun 12, 2020 2:14 pm
Forum: Investing - Theory, News & General
Topic: Frequency of Withdrawals in Retirement
Replies: 50
Views: 4251

Re: Frequency of Withdrawals in Retirement

Fund once a year. Put in Fidelity. Pay myself twice a month just like when I worked.
by Bir48die
Sat Jun 06, 2020 9:34 am
Forum: Personal Finance (Not Investing)
Topic: Budget Advice to buy a new house?
Replies: 16
Views: 1642

Re: Budget Advice to buy a new house?

Normally if I was thinking of buying my first house I would have signed up for a program like Mint or it's equivalent to track your spending for six months. Sure, you can look at your cc statements and get an idea. Most cc companies have spending breakdowns. Will you be buying things, eating out and...
by Bir48die
Wed Jun 03, 2020 9:59 am
Forum: Personal Investments
Topic: Which budgeting software do you use ?
Replies: 66
Views: 3897

Re: Which budgeting software do you use ?

I used Mint for quite awhile. Then I got tired of tracking all my expenses and putting into categories. However, it was a great exercise to gain knowledge of where the money is going. I might change my mind if we get out of hand on any particular month. Before I retired I developed my own spreadshee...
by Bir48die
Tue May 26, 2020 9:06 am
Forum: Personal Finance (Not Investing)
Topic: Worst House on the best block?
Replies: 52
Views: 4614

Re: Worst House on the best block?

It's not a "bad" strategy. Our goal on the first house was to buy what we thought was on the bottom 10% in value. Was located in a great school district. Never did major repairs but put insulation and drywall in garage, build decks, revamped yard, paint, etc. Great starter home in an estab...
by Bir48die
Wed May 20, 2020 6:47 pm
Forum: Personal Finance (Not Investing)
Topic: Turning 65, Medicaire questions
Replies: 71
Views: 5291

Re: Turning 65, Medicaire questions

1) Watch out, insurance is state-regulated and friendly advice from one state may not apply to another. 2) The Big Decision is "Traditional Medicare" versus "Medicare Advantage." 3) Traditional Medicare is relatively simple. First of all, Part A, the big-ticket hospital insuranc...
by Bir48die
Thu May 14, 2020 6:06 pm
Forum: Personal Finance (Not Investing)
Topic: Discarding old tax returns
Replies: 62
Views: 5730

Re: Discarding old tax returns

I am a fan of the seven year club. Just in case. Any more and my file cabinet tips over.
by Bir48die
Thu May 14, 2020 5:18 pm
Forum: Personal Consumer Issues
Topic: Has Your Spending Changed Since The Shutdown?
Replies: 180
Views: 7414

Re: Has Your Spending Changed Since The Shutdown?

Betting at the golf course < Bar tabs < Liquor Store/Beer > Amazon > Golf shoes > Cigars < Home projects > Our gym is $99/yr so no big savings there. Men's club started the betting pool again so the budget will go back up but now we're drinking our own beer in the parking lot sufficiently spaced I m...
by Bir48die
Wed May 13, 2020 1:10 pm
Forum: Personal Finance (Not Investing)
Topic: Should you include home equity in Net Worth?
Replies: 160
Views: 8401

Re: Should you include home equity in Net Worth?

To me it's very simple. I have a balance sheet I update: Current Liquid Assets Long Term Investment Assets = Liquid Assets + Home/Cars/Other = Total Assets - Liabilities (none) = Total Net Worth I don't even look at my home. Paid for and it's just a place to live. However if sold then becomes an inv...
by Bir48die
Mon May 11, 2020 9:56 am
Forum: Personal Consumer Issues
Topic: What are you listening to now
Replies: 1267
Views: 75431

Re: What are you listening to now

Too early today but yesterday washing the car it was "one hit wonders".
by Bir48die
Mon May 11, 2020 9:46 am
Forum: Investing - Theory, News & General
Topic: At what moment does retirement begin?
Replies: 68
Views: 5983

Re: At what moment does retirement begin?

Mentally it was September 2015 but they talked me into PT for another six months. April 1st was my retirement party and the camper was packed in the parking lot. Grabbed my goodies and headed to the beach. It was an unseasonably beautiful three days and it just seemed like it was all meant to be. Dr...
by Bir48die
Fri May 08, 2020 12:17 pm
Forum: Personal Consumer Issues
Topic: What lifestyle creep made you happier?
Replies: 626
Views: 85227

Re: What lifestyle creep made you happier?

Buying a different house two years before retirement. Was pissed because it added $70k to what was a paid off mortgage but we cleared that out in a year. It's bigger than the last but a better setup with daylight basement that you can send family and guests down to live in and have privacy. Have a g...
by Bir48die
Fri May 08, 2020 12:09 pm
Forum: Investing - Theory, News & General
Topic: As new jobless claims rise so does the stock market
Replies: 13
Views: 1995

Re: As new jobless claims rise so does the stock market

The market is moving up with the anticipation of restrictions loosening. Some see this as the buy opportunity in the sectors that actually will come back faster. That being said, the states unfortunately are in charge so it will be a long process.
by Bir48die
Fri May 08, 2020 12:06 pm
Forum: Personal Finance (Not Investing)
Topic: How Do Early Retirees Pay for Medical
Replies: 132
Views: 10513

Re: How Do Early Retirees Pay for Medical

Did Cobra for the 18 months following retirement. Awesome coverage at $550/mth. Then did Kaiser for two months after that ran out $690/mth Two months later in Jan did Kaiser at $840/mth Year following dropped down in coverage to keep around $870/mth This year until I hit Medicare in August I'm at $9...
by Bir48die
Wed May 06, 2020 10:38 pm
Forum: Personal Consumer Issues
Topic: 2020 travel plans
Replies: 95
Views: 4729

Re: 2020 travel plans

Have an early November two week to Mexico. Will monitor things then decide. Have a three week to Mexico in Jan/Feb and doing the same.
by Bir48die
Wed May 06, 2020 9:22 am
Forum: Investing - Theory, News & General
Topic: Yahoo: The Downsides of 401(k)s That You’ve Never Heard Of
Replies: 60
Views: 8026

Re: Yahoo: The Downsides of 401(k)s That You’ve Never Heard Of

Ok. Let's just agree that the following things are true: 1) They're managed many times by FA's that are skimming 2) They have limited investment options 3) Their admin costs are too high That being said, if you have any type of company match you have to participate. Our was 50% match up to 6%. It's ...
by Bir48die
Sat Mar 07, 2020 7:57 pm
Forum: Personal Consumer Issues
Topic: Question on Turbotax Question
Replies: 5
Views: 605

Re: Question on Turbotax Question

Interesting as I've had 1099 Misc for several years and don't remember this question. It doesn't really matter as this is a year by year decision. So, just fill out your info and you should be good until next year.
by Bir48die
Wed Feb 05, 2020 9:40 pm
Forum: Investing - Theory, News & General
Topic: Why are you holding bonds
Replies: 161
Views: 11988

Re: Why are you holding bonds

Because I'm 64 and need to change my AA to some bonds to soften the ups and downs. If you have a decent mix of bonds then you can still take advantage of the market yet be protected. My returns were excellent with my 60/40 mix in 2019
by Bir48die
Mon Feb 03, 2020 11:57 am
Forum: Personal Consumer Issues
Topic: [Books that changed your life]
Replies: 577
Views: 62912

Re: Books that changed your life

The Bible
by Bir48die
Tue Jan 28, 2020 5:11 pm
Forum: Personal Finance (Not Investing)
Topic: able to retire?
Replies: 8
Views: 889

Re: able to retire?

Run like the wind
by Bir48die
Sat Jan 18, 2020 11:59 am
Forum: Personal Finance (Not Investing)
Topic: Should I use Turbo Tax?
Replies: 22
Views: 2348

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: 2211

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: 12334

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: 2358

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: 51
Views: 5249

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: 2393
Views: 544428

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: 2421

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: 3327

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: 3113

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: 22232

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: 4709

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: 6833

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: 567

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: 5994

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: 4424

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: 2390

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: 770

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: 6659

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: 7566

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: 2133

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: 16684

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: 10902

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: 74
Views: 9853

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: 1843

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: 8633

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: 6309

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: 1389

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: 2767

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: 353
Views: 30407

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: 205
Views: 20191

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: 9056

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.