Search found 63 matches

by Tracker968
Wed Dec 11, 2019 8:41 am
Forum: Personal Finance (Not Investing)
Topic: Retired recently and buying your own insurance? How bad is it?
Replies: 54
Views: 5380

Re: Retired recently and buying your own insurance? How bad is it?

Me 64, pay $707 per month for silver HSA plan. Live in MN.
Wife 63 pays $673 for silver HSA.

My concern is that once I go on Medicare it won't be much cheaper due to IRMAA.
by Tracker968
Mon Dec 02, 2019 9:29 pm
Forum: Personal Finance (Not Investing)
Topic: Patent incentive
Replies: 51
Views: 2765

Re: Patent incentive

I worked for a Fortune 500 company and received several patents. Recipients were entitled to attend an annual patent luncheon! No payments were made.

I think once you sign the "assignment" you don't have any further rights.
by Tracker968
Sun Nov 24, 2019 12:31 am
Forum: Personal Finance (Not Investing)
Topic: switch to manager role with 10% less pay, good idea?
Replies: 36
Views: 2867

Re: switch to manager role with 10% less pay, good idea?

I went from technical to management and then back to technical. Being a technical manager was 10 times as tough mentally. You need to relay upper level decisions even if you don't agree with them (but you can't say that to your team). You have to jump when the director or VP says jump. The entire jo...
by Tracker968
Tue Nov 19, 2019 7:33 pm
Forum: Personal Finance (Not Investing)
Topic: Car negotiation question
Replies: 52
Views: 4343

Re: Car negotiation question

I was planning on paying cash for the last two cars I bought. But each time I was able to get $1000 incentive if I financed the car. I then paid off the loan the first or second month. Even if you are not planning on financing you could check into that.
by Tracker968
Fri Nov 15, 2019 10:02 pm
Forum: Personal Finance (Not Investing)
Topic: Disturbing experience with Ally Bank
Replies: 90
Views: 10877

Re: Disturbing experience with Ally Bank

I'm not sure s local branch is that much better. I recently went to US Bank in person with my son to transfer $14,000 from my account to his. There was no one at the bank (normal hours during the week) who could approve over $10,000. So they advised us to make two transfers of $7000 each. I thought ...
by Tracker968
Sun Nov 03, 2019 10:36 pm
Forum: Personal Investments
Topic: How much money is really needed in retirement?
Replies: 74
Views: 9333

Re: How much money is really needed in retirement?

Regarding moving to Alabama; I retired 6 months ago. My family is here in MN, my friends are here, the clubs I'm in are here. It's a higher cost of living state and cold in the winter but what would I do in Alabama? My learnings from the first 6 months; I realized that I have been neglecting home re...
by Tracker968
Sat Oct 26, 2019 9:10 am
Forum: Personal Finance (Not Investing)
Topic: TODD question
Replies: 6
Views: 926

Re: TODD question

Thanks 123! I appreciate you taking the time to respond.
by Tracker968
Fri Oct 25, 2019 10:47 pm
Forum: Personal Finance (Not Investing)
Topic: TODD question
Replies: 6
Views: 926

TODD question

My mother filled a TODD (transfer on death deed) for her house. I am the beneficiary. If she still owns the house when she passes, my two siblings and I will want to sell the house and divide the proceeds equally between us. If the house is worth $300k or so, each of us would get $100k. Would there ...
by Tracker968
Fri Oct 25, 2019 7:14 pm
Forum: Personal Finance (Not Investing)
Topic: TaxAct Discounts for 2019 version
Replies: 27
Views: 2045

Re: TaxAct Discounts for 2019 version

Do you think the online programs are safe to use? It kind of freaking me out to put all my info in one place like that.
by Tracker968
Mon Oct 14, 2019 12:46 pm
Forum: Personal Investments
Topic: Mother's variable annuity
Replies: 23
Views: 1747

Re: Mother's variable annuity

Thanks everyone. I'll follow up as you suggest.
by Tracker968
Sun Oct 13, 2019 11:37 pm
Forum: Personal Investments
Topic: Mother's variable annuity
Replies: 23
Views: 1747

Mother's variable annuity

I just learned that my 90 year old mother has a variable annuity through Vanguard. She is still contributing $500 per month to it. Can anyone help me understand what are the key questions I should ask about this policy?
by Tracker968
Sat Oct 05, 2019 9:04 pm
Forum: Personal Finance (Not Investing)
Topic: How does joint account registration work after death?
Replies: 5
Views: 906

How does joint account registration work after death?

Regarding a Fidelity investment account: Myself and two other siblings are listed as beneficiaries on our mother's account (1/3 to each). If I am added as a co-account owner what happens when my mother passes away? Will I still be able access funds or will the account be locked until it is divided b...
by Tracker968
Fri Sep 27, 2019 2:35 pm
Forum: Personal Finance (Not Investing)
Topic: Extended warranty transfer dispute with private truck seller
Replies: 36
Views: 2095

Re: Extended warranty transfer dispute with private truck seller

I didn't read all the replies but I had a similar situation. Ad stated that the car had AC. I bought the car in winter (in MN) so couldn't test the AC. In the spring I discovered that it didn't work and in fact a hole in the evaporator had been plugged with epoxy. I took the seller to small claims c...
by Tracker968
Sat Sep 21, 2019 9:01 am
Forum: Personal Investments
Topic: Has anyone heard of Beta Shield?
Replies: 27
Views: 1550

Re: Has anyone heard of Beta Shield?

They didn't mention what the fees are. And no one asked either. šŸ˜Š
by Tracker968
Fri Sep 20, 2019 10:06 pm
Forum: Personal Investments
Topic: Has anyone heard of Beta Shield?
Replies: 27
Views: 1550

Re: Has anyone heard of Beta Shield?

I'm not going to buy it. And I agree, no more free dinners. They did show a chart that indicated that a portfolio following their plan and distributing $50k per year would come out ahead of buy and hold. I think it was based on the market performance over the past 10 years or so. But the period coul...
by Tracker968
Fri Sep 20, 2019 12:11 pm
Forum: Personal Investments
Topic: Has anyone heard of Beta Shield?
Replies: 27
Views: 1550

Has anyone heard of Beta Shield?

I attended a financial planning seminar last night (free dinner). Among other things they were pitching something called Beta Shield. When the market starts going down they move 25% of your assets into a short term treasury fund. If it continues, downward they move another 25%, etc. When the market ...
by Tracker968
Mon Sep 16, 2019 8:40 am
Forum: Personal Finance (Not Investing)
Topic: Move up in house?
Replies: 25
Views: 2820

Re: Move up in house?

One other thing to keep in mind is how long will the kids really be with you? They grow up fast and move on to college etc. If you think the new place will really make a difference to them, then you should do it. Once they move out you only see then a few times per year. These are your best "family ...
by Tracker968
Sat Sep 14, 2019 10:14 pm
Forum: US Chapters
Topic: Roll Call for the Retirement Class of 2019!
Replies: 397
Views: 58712

Re: Roll Call for the Retirement Class of 2019!

Retired April 1st 2019 after 39 years at megacorp. Many people take their earned vacation and leave a week or two early. Instead I didn't take any vacation in Q1 since I figure that I'll be on vacation for the rest of my life! Got a nice vacation pay paycheck. Also have a decent pension but w/o COLA.
by Tracker968
Sat Sep 14, 2019 9:37 pm
Forum: Personal Investments
Topic: Canā€™t pull the trigger
Replies: 15
Views: 2800

Re: Canā€™t pull the trigger

I just went through a similar thing. I'm just starting my retirement. Had 60% in cash for a few weeks. Couldn't get myself to commit to bond and equity funds. Finally decided to just do it. Hope it works out ok.
by Tracker968
Thu Sep 12, 2019 10:42 am
Forum: Personal Consumer Issues
Topic: Help With New Car Purchase - Macan S versus...
Replies: 57
Views: 5342

Re: Help With New Car Purchase - Macan S versus...

I drove a base Macan when my 911 was being serviced. I was underwhelmed. Had a Jeep Grand Cherokee years ago and it was one of the best cars I have owned. Have ridden in my neighbor's new Grand Cherokee and it will probably be the vehicle to replace my pickup truck in a few years. I suggest you take...
by Tracker968
Wed Sep 04, 2019 12:00 pm
Forum: Personal Investments
Topic: Cash vs. Bond Fund
Replies: 12
Views: 1295

Re: Cash vs. Bond Fund

DBR: I was thinking that if cash earns 2% and a bond fund could earn between -2% and +10% maybe I would invest in the bond fund. But if the bond fund could earn betwen -10% and +2% then I would stay in cash. Just trying to get a handle on how much risk/reward there could be.
by Tracker968
Wed Sep 04, 2019 11:57 am
Forum: Personal Investments
Topic: Cash vs. Bond Fund
Replies: 12
Views: 1295

Re: Cash vs. Bond Fund

Got it. I asked about the next couple of years only because projecting farther out than that seems too variable.
by Tracker968
Wed Sep 04, 2019 11:31 am
Forum: Personal Investments
Topic: Cash vs. Bond Fund
Replies: 12
Views: 1295

Re: Cash vs. Bond Fund

Nisiprius: Thanks for that. Why do you say I'm not holding the fund for 4-10 years? Because I'm drawing some out each year?

Homestretch: I will have a little fixed income in taxable but the vast majority will be in tax deferred. I expect to be in 22% Federal + 6.8% State marginal tax brackets.
by Tracker968
Wed Sep 04, 2019 11:06 am
Forum: Personal Investments
Topic: Cash vs. Bond Fund
Replies: 12
Views: 1295

Cash vs. Bond Fund

I am working on simplifying my finances and moving towards a 3 fund portfolio. I'm 64, recently retired and have a pension that covers monthly expenses. I have about $1.6M in taxable (40%) and tax deferred (60%) accounts. I would like to draw down about $30k per year from these accounts for travel a...
by Tracker968
Sun Aug 25, 2019 6:46 pm
Forum: Personal Consumer Issues
Topic: The cost to talk to a doctor
Replies: 151
Views: 9955

Re: The cost to talk to a doctor

Some of you have mentioned paying cash. I recently was out of town, more than 100 miles from nearest in-network clinic, and went to the local small town clinic. They said they do not take cash patients, everything goes through insurance. I thought that was strange. Still waiting for my bill.
by Tracker968
Sun Aug 25, 2019 4:12 pm
Forum: Personal Consumer Issues
Topic: The cost to talk to a doctor
Replies: 151
Views: 9955

Re: The cost to talk to a doctor

Some of you have mentioned paying cash. I recently was out of town, more than 100 miles from nearest in-network clinic, and went to the local small town clinic. They said they do not take cash patients, everything goes through insurance. I thought that was strange. Still waiting for my bill.
by Tracker968
Tue Aug 20, 2019 11:47 am
Forum: Personal Finance (Not Investing)
Topic: Re: Applying for Medicare / Any Problems Submitting Requested Documents?
Replies: 25
Views: 1329

Re: Applying for Medicare / Any Problems Submitting Requested Documents?

No I don't have a Medicare card yet. I am 7 months from age 65. Maybe when I am 3 months from 65 the SSA website will show me more options? I was thinking I could start reviewing options by creating an account but maybe I have to wait.
by Tracker968
Mon Aug 19, 2019 11:52 pm
Forum: Personal Finance (Not Investing)
Topic: Re: Applying for Medicare / Any Problems Submitting Requested Documents?
Replies: 25
Views: 1329

Re: Applying for Medicare / Any Problems Submitting Requested Documents?

I'm trying to create an account on MyMedicare.gov. It is asking for my Medicare number and says it can be found by "logging into your Social Security Account." I sure can't find anything there. I have tried my SS # followed by an A but that didn't work. I tried the SSA on line help, and Bogleheads s...
by Tracker968
Sat Aug 03, 2019 11:37 pm
Forum: Personal Finance (Not Investing)
Topic: Annual review was disappointing, what should I do next?
Replies: 44
Views: 5700

Re: Annual review was disappointing, what should I do next?

I went for years getting 2 to 3 % raises. The only time I ever got 8% was when I did get a promotion. This was at a Fortune 100 company. I think you should be happy with what you got. If you really feel they aren't treating you fairly, then you need to take control of your own destiny and go find a ...
by Tracker968
Tue Jul 30, 2019 3:31 pm
Forum: Personal Finance (Not Investing)
Topic: New Construction - Things to look for?
Replies: 13
Views: 1000

Re: New Construction - Things to look for?

In my case I had assumed that what was in the model home was what they would use in my house. Turns out that almost everything was considered an "upgrade" and not included in the base price. In the end I had to spec out every single faucet, towel bar, etc. because what they were going to use had no ...
by Tracker968
Fri Jul 26, 2019 11:33 pm
Forum: Personal Investments
Topic: 401k contributions after retirement?
Replies: 10
Views: 1170

Re: 401k contributions after retirement?

Thanks for all the feedback. Main reason to roll it over is to simplify my finances. I would be able to eliminate my previous employers account and the brokerage firm that manages the account.
Household income will be over $103k so I guess I wouldn't be able to contribute to an IRA.
by Tracker968
Fri Jul 26, 2019 4:28 pm
Forum: Personal Investments
Topic: 401k contributions after retirement?
Replies: 10
Views: 1170

401k contributions after retirement?

I retired as of 4/1/2019. Between my contributions and my employers match, approx. $16,000 was contributed to my 401k. Company said I can no longer contribute now that I am retired. If I roll over the account to an IRA at Vanguard or Fidelity for example, would I then be able to contribute up to the...
by Tracker968
Thu Jul 18, 2019 10:54 am
Forum: Personal Investments
Topic: Bond fund versus individual bonds
Replies: 39
Views: 2090

Re: Bond fund versus individual bonds

Are they really the same?
If I buy $100,000 of 1 year treasury bonds yielding 2%, and if interest rates go up 1/2% during that time I end up with $102,000.
But if I invest $100,000 in a bond fund, under the same circumstances, I will end up with only $101,500. Right?
by Tracker968
Sat Jul 13, 2019 2:45 pm
Forum: Personal Finance (Not Investing)
Topic: Negotiating on an RV
Replies: 37
Views: 2491

Re: Negotiating on an RV

It sounds like you don't want to buy used. If you really want to get the lowest possible price from a dealer you have to be prepared to play the game, the long game. Plan on making at least 8 visits to the dealer between now and October. Bring the wife along a couple of times. Write down on a piece ...
by Tracker968
Sun Jul 07, 2019 8:16 pm
Forum: Personal Investments
Topic: Which "Checking" Account - Fidelity or SoFi
Replies: 6
Views: 830

Re: Which "Checking" Account - Fidelity or SoFi

I am evaluating Fidelity CMA in an effort to consolidate accounts. I keep most of my $$ in SPRXX rather than the default Core in order to earn more interest.
I don't really like the user interface all that much but I am getting used to it.
by Tracker968
Sun Jul 07, 2019 11:14 am
Forum: Personal Consumer Issues
Topic: Outsider perspective needed: Trade 2nd vehicle or not?
Replies: 2
Views: 277

Re: Outsider perspective needed: Trade 2nd vehicle or not?

I have always felt that I got a better price by selling my cars myself than by trading them in. I would sell the cars you don't want on Craigslist, then pay cash for the new vehicle. If you can't pay cash, then you should just wait until you do have enough cash.
by Tracker968
Wed Jul 03, 2019 2:02 pm
Forum: Personal Consumer Issues
Topic: Anyone pay to install transfer switch recently? Does quote seem reasonable?
Replies: 47
Views: 3243

Re: Anyone pay to install transfer switch recently? Does quote seem reasonable?

How about doing 90% of the work yourself and then hire an electrician to make the final connection?
by Tracker968
Fri May 03, 2019 4:28 pm
Forum: Personal Finance (Not Investing)
Topic: Giving two week's notice before stock options vest
Replies: 91
Views: 7064

Re: Giving two week's notice before stock options vest

I was going to recommend giving two weeks notice but at the same time show your transition plan. A day by day plan showing how you will transfer your knowledge to other employees. Of course you would arrange it to take the whole two weeks. I think this would work since you state you are on good term...
by Tracker968
Fri Mar 22, 2019 11:53 am
Forum: Personal Consumer Issues
Topic: Being a Boglehead and car enthusiast stinks
Replies: 72
Views: 4954

Re: Being a Boglehead and car enthusiast stinks

By being a responsible Boglehead I was able to afford a used Porsche 911 at age 61. Have a plan and am following it!
by Tracker968
Wed Mar 20, 2019 12:43 pm
Forum: Personal Finance (Not Investing)
Topic: Patent an idea and find investors.
Replies: 31
Views: 2046

Re: Patent an idea and find investors.

You might want to consider filing a provisional patent. This is simple, easy and inexpensive to do. I think it still costs $65.00. I have seen provisional patents that consist of a 1 page description of the invention plus a hand drawn sketch. It gives you 1 year to decide what to do next. At 1 year ...
by Tracker968
Fri Mar 08, 2019 2:39 pm
Forum: Personal Finance (Not Investing)
Topic: Employee stock options investment thesis?
Replies: 29
Views: 1991

Re: Employee stock options investment thesis?

I get the choice of RSUs or options each year. The options are managed by Fidelity and they will run an analysis for me. They use the Black-Scholes formula and recommend exercising at 95% of In-the-money value if you are very aggressive, 85% if moderately aggressive, 75 % if conservative. Here is ho...
by Tracker968
Fri Mar 01, 2019 1:05 pm
Forum: Personal Finance (Not Investing)
Topic: Trying to understand how I got hit with such a big amount in taxes owed
Replies: 40
Views: 5948

Re: Trying to understand how I got hit with such a big amount in taxes owed

Did you happen to reach retirement age in 2018? When I did a few years ago, my company required me to pay FICA and medicare tax on all my accumulated RSUs.
by Tracker968
Mon Feb 18, 2019 2:13 pm
Forum: Personal Finance (Not Investing)
Topic: Do I need a degree?
Replies: 73
Views: 4742

Re: Do I need a degree?

I finished my masters at age 50. Took me 6 years of night school. A couple of months before I was scheduled to graduate our entire division was given notice that it was being dissolved. Everyone was scrambling to find a new position within Mega Corp. I was hired into a position where one of the job ...
by Tracker968
Mon Feb 18, 2019 2:05 pm
Forum: Personal Finance (Not Investing)
Topic: Trouble stomaching car
Replies: 52
Views: 5152

Re: Trouble stomaching car

For some reason I just hate making payments. I took out a loan for my truck just to get the $1000 rebate. I made the first payment and realized I had just given $75 to the bank. So I immediately paid it off. An S4 is an awesome car! I suggest joining the Audi Club and doing events with them. They wi...
by Tracker968
Sun Dec 30, 2018 7:01 pm
Forum: Personal Finance (Not Investing)
Topic: How to afford a sports car?
Replies: 128
Views: 9930

Re: How to afford a sports car?

Here's how I afforded my Porsche 911S Cabriolet (bought used - 4 years old): Worked hard at my job - I figured that slightly larger pay increases and quicker promotions would do more than a 2nd job. Allways paid cash for every car. Went to grad school - master degree paid off as soon as I completed ...
by Tracker968
Tue Oct 30, 2018 12:37 pm
Forum: Personal Finance (Not Investing)
Topic: Moving to Minnesota
Replies: 28
Views: 3304

Re: Moving to Minnesota

Welcome to MN! I grew up in White Bear Lake married a girl from North St. Paul and now live in Stillwater (moved a whole 12 miles from where I grew up!). Here are a couple of other points to consider: WBL is more of a white collar community, North St. Paul is more blue collar. WBL has a very nice sm...
by Tracker968
Fri Sep 14, 2018 1:03 pm
Forum: Personal Finance (Not Investing)
Topic: Massive Student Loan Debt - Fiancee
Replies: 108
Views: 11420

Re: Massive Student Loan Debt - Fiancee

I quickly scanned the previous responses so I apologize if this has already been stated. I would strongly suggest keeping your finances separate. You pay your bills and she pays her bills. You should each contribute to the rent, groceries according to your salaries. For example if you each make 45k...
by Tracker968
Thu Sep 13, 2018 1:27 pm
Forum: Personal Finance (Not Investing)
Topic: Massive Student Loan Debt - Fiancee
Replies: 108
Views: 11420

Re: Massive Student Loan Debt - Fiancee

I quickly scanned the previous responses so I apologize if this has already been stated. I would strongly suggest keeping your finances separate. You pay your bills and she pays her bills. You should each contribute to the rent, groceries according to your salaries. For example if you each make 45k ...
by Tracker968
Fri May 04, 2018 8:54 pm
Forum: Personal Investments
Topic: Market timing required
Replies: 1
Views: 571

Market timing required

I have an employee stock option expiring Feb 2020. The underlying stock is down about 25% from its high in January. The value of the option is down about 35%. The current value is about 75k. Of course I will have to pay income tax on value (gain). So I have a year and 9 months left to exercise it. I...