Search found 905 matches

by spammagnet
Sat Aug 18, 2018 3:52 pm
Forum: Personal Finance (Not Investing)
Topic: Has anyone used Income Strategy website/software?
Replies: 12
Views: 1346

Re: Has anyone used Income Strategy website/software?

I suggest you call them for some pointers on how to work with the program. They worked with me for about an hour at no charge to get a handle on how to make various changes. I'm certain your social security claiming strategy can be changed; however, the default is what will result in the most dolla...
by spammagnet
Sat Aug 18, 2018 3:50 pm
Forum: Personal Finance (Not Investing)
Topic: Apartment Decision After Divorce- Please evaluate my thinking
Replies: 21
Views: 1422

Re: Apartment Decision After Divorce- Please evaluate my thinking

Take what's available. You may find you have no reason to move, even if the opportunity becomes available.
by spammagnet
Sat Aug 18, 2018 2:23 pm
Forum: Personal Finance (Not Investing)
Topic: Rental home and paying off debt by refinancing primary home cash out
Replies: 7
Views: 570

Re: Rental home and paying off debt by refinancing primary home cash out

I'm not debt-averse as some are but I would be very uncomfortable pledging my primary residence for an investment of any kind.
by spammagnet
Sat Aug 18, 2018 2:03 pm
Forum: Personal Finance (Not Investing)
Topic: Teachers Who Have Net Worth of $1 million +
Replies: 56
Views: 6688

Re: Teachers Who Have Net Worth of $1 million +

cusetownusa wrote:
Sat Aug 18, 2018 1:18 pm
... Are you counting pensions in net worth? ...
Valuation methods may vary but that seems like a reasonable way to compare the value of a pension to the value of accumulated assets held by someone without a pension.
by spammagnet
Sat Aug 18, 2018 10:55 am
Forum: Personal Finance (Not Investing)
Topic: Has anyone used Income Strategy website/software?
Replies: 12
Views: 1346

Re: Has anyone used Income Strategy website/software?

Prompted by this thread, I subscribed to the basic plan. Being able to cancel at any time makes that a low ante. I have a lot of experience with MaxiFi (primarily through its predecessor, ESPlanner Plus) and find its theoretical basis more appealing to my way of thinking. Instead of defining a desir...
by spammagnet
Fri Aug 10, 2018 12:23 am
Forum: Personal Finance (Not Investing)
Topic: Biggest Threats to Financial Well-Being
Replies: 99
Views: 8942

Re: Biggest Threats to Financial Well-Being

I wouldn't list death on there. Maybe for your family, but with sufficient life insurance death is probably a financial windfall for them. Actually the risk to you, personally, is longevity. Agree that longevity is the greater financial risk. Disagree that life insurance should be viewed as a windf...
by spammagnet
Mon Aug 06, 2018 8:09 am
Forum: Personal Finance (Not Investing)
Topic: What prevents residential real estate buyers from colluding to bring down prices?
Replies: 32
Views: 2579

Re: What prevents residential real estate buyers from colluding to bring down prices?

Buyer collusion is prevented by the fact that all of them want it but only best bidder gets it.
by spammagnet
Sun Aug 05, 2018 11:20 pm
Forum: Personal Finance (Not Investing)
Topic: Pulled the trigger
Replies: 15
Views: 2827

Re: Pulled the trigger

... Just out of curiosity, if you care to share whether you've done anything in particular to address sequence-of-return risk early in retirement, I suspect that would also be of interest. Congrats! Thanks, and good luck to you in your plans, as well. With respect to sequence-of-returns risk, I wil...
by spammagnet
Sun Aug 05, 2018 11:01 pm
Forum: Personal Finance (Not Investing)
Topic: Pulled the trigger
Replies: 15
Views: 2827

Re: Pulled the trigger

Given your age and given that the bulk of your assets are in tax-deferred accounts, it's a good idea to make sure you understand the RMD requirements for your 401K/IRA and your wife's also. You have a few years before age 70 and it may make sense to get some of those funds into a Roth IRA. Same goe...
by spammagnet
Sun Aug 05, 2018 10:22 pm
Forum: Personal Finance (Not Investing)
Topic: Pulled the trigger
Replies: 15
Views: 2827

Re: Pulled the trigger

MandyT wrote:
Sun Aug 05, 2018 11:35 am
Congratulations! This is probably obvious, but it's probably a good idea to stay attuned to how your wife feels about things to head off any possible resentment.
I agree with the there importance of spousal agreement. This was a mutual decision.
by spammagnet
Sat Aug 04, 2018 10:40 pm
Forum: Personal Finance (Not Investing)
Topic: Will you pay for your kids' college/graduate education?
Replies: 366
Views: 14229

Re: Will you pay for your kids' college/graduate education?

I'm curious how much will you support your kids. ... If you are supporting, are you also paying for other expenses? DW and I were both in the first generation of our families to go to college. We were able to attend only because we got need-based financial aid, minimal loans and family support. (I ...
by spammagnet
Fri Aug 03, 2018 5:50 pm
Forum: Personal Finance (Not Investing)
Topic: Comfort level with Credit Card Balance
Replies: 86
Views: 5280

Re: Comfort level with Credit Card Balance

By paying the statement balance, I've had, in effect, a permanent interest-free loan from my bank for the past 20 years. This is turning into a perplexing thread. All solvent people pay the statement balance -- what was owed at the close of the statement period. Additional charges accrue after the ...
by spammagnet
Fri Aug 03, 2018 5:29 pm
Forum: Personal Finance (Not Investing)
Topic: Comfort level with Credit Card Balance
Replies: 86
Views: 5280

Re: Comfort level with Credit Card Balance

Sorry for the confusion, but yes this is what I mean. I pay more than the "statement balance" of the previous month therefore do not incur any interest costs. Why pay more than the statement balance? Paying the statement balance in full avoids interest, as long as the previous balance was $0 or you...
by spammagnet
Fri Aug 03, 2018 4:06 pm
Forum: Personal Finance (Not Investing)
Topic: Comfort level with Credit Card Balance
Replies: 86
Views: 5280

Re: Comfort level with Credit Card Balance

Just wondering what's everyone's comfort level is with their credit card balance. I used to pay off my credit card balance every month but have been focusing on saving for a down payment for a duplex therefore my credit card isn't getting paid in full each month. I haven't had to pay CC interest fo...
by spammagnet
Fri Aug 03, 2018 3:31 pm
Forum: Personal Finance (Not Investing)
Topic: Pulled the trigger
Replies: 15
Views: 2827

Re: Pulled the trigger

Silk McCue wrote:
Fri Aug 03, 2018 3:12 pm
Congratulations on your step off the cliff.
I've used the same metaphor but, no, I still feel like I'm in freefall.
by spammagnet
Fri Aug 03, 2018 3:07 pm
Forum: Personal Finance (Not Investing)
Topic: Pulled the trigger
Replies: 15
Views: 2827

Pulled the trigger

I just turned in my resignation for retirement for early next month. I'm 63. There is some sense of trepidation but double/triple/quadruple checking my calculations using multiple tools makes it seem alright. I may pick up some contract gigs because it's interesting, potentially lucrative, and I'd a...
by spammagnet
Mon Jul 30, 2018 12:33 am
Forum: Personal Finance (Not Investing)
Topic: Air Conditioning? [How to finance?]
Replies: 76
Views: 4911

Re: Air Conditioning? [How to finance?]

chrischris wrote:
Mon Jul 30, 2018 12:19 am
How long is the 0% APR offer on cards these days?
12-15 months, it seems:
https://www.bankrate.com/credit-cards/0 ... cards.aspx
by spammagnet
Sun Jul 29, 2018 11:51 pm
Forum: Personal Finance (Not Investing)
Topic: Air Conditioning? [How to finance?]
Replies: 76
Views: 4911

Re: Air Conditioning?

That's an interesting thought I'd never considered. So, let's say you have 40,000 btu cooling and 80,000 btu heat, which seems to be a somewhat common combination. I take it the airflow doesn't correspond to the btu in each case? I'm not even slightly an expert in the field but my impression is tha...
by spammagnet
Sun Jul 29, 2018 11:45 pm
Forum: Personal Finance (Not Investing)
Topic: Are Credit Cards Actually Convenient?
Replies: 91
Views: 6791

Re: Are Credit Cards Actually Convenient?

Late reply, but you can mitigate travel-related card hassles by informing the bank in advance that you're going to travel. Many banks have a specific web page to do that. While I don't think you should be having the issues you describe, you can take steps to reduce them.
by spammagnet
Sun Jul 29, 2018 11:34 pm
Forum: Personal Finance (Not Investing)
Topic: Air Conditioning? [How to finance?]
Replies: 76
Views: 4911

Re: Air Conditioning? [How to finance?]

It seems unlikely that you would get the AC installed before the temperatures started to drop a bit. ... Prices should drop as demand drops, as well. Catch the contractors between summer AC demand and winter furnace demand. They're less busy then. Their bid may reflect their desire to win the job. ...
by spammagnet
Sun Jul 29, 2018 11:30 pm
Forum: Personal Finance (Not Investing)
Topic: Air Conditioning? [How to finance?]
Replies: 76
Views: 4911

Re: Air Conditioning?

... sounds like the ducting is all there and you only need the evaporator coil inside and the condenser unit outside ... I live in Florida where every house has central AC, but is it save to assume that duct work designed only for central heat is adequate for central AC? I believe AC requires a lot...
by spammagnet
Thu Jul 19, 2018 11:37 pm
Forum: Personal Finance (Not Investing)
Topic: Bond Investment vs. Paying Off Daughter's Student Loan and/or Rental Property Mortgage
Replies: 12
Views: 601

Re: Bond Investment vs. Paying Off Daughter's Student Loan and/or Rental Property Mortgage

If the OP would consider absorbing her $151K debt without it causing some kind of conflict in the family, go ahead. Otherwise, don't. I'm not suggesting she's a deadbeat, but things happen. If a bad loan would cause bad feelings, it could be an unwise decision for the family.
by spammagnet
Fri Jun 22, 2018 11:22 am
Forum: Personal Finance (Not Investing)
Topic: LTCi option - whole life w/ Continuation of benefits rider
Replies: 19
Views: 1456

Re: LTCi option - whole life w/ Continuation of benefits rider

I'm no expert on LTCI, but this sounds similar to a "hybrid" LTCI policy. Michael Kitces had an interesting post that points out how the benefit of the guaranteed premium on a hybrid policy can be offset by a below-market rate of return on the cash value: https://www.kitces.com/blog/is-the-ltc-cost...
by spammagnet
Tue Jun 19, 2018 8:44 pm
Forum: Personal Finance (Not Investing)
Topic: LTCi option - whole life w/ Continuation of benefits rider
Replies: 19
Views: 1456

Re: LTCi option - whole life w/ Continuation of benefits rider

At a minimum I would recommend 3% inflation. In addition, the first two years of claims the benefit is the original benefit not with any inflation. That could be a substantial outlay. Initially when I reviewed these products this disadvantage was never explained. When I brought it up to company rep...
by spammagnet
Tue Jun 19, 2018 4:59 pm
Forum: Personal Finance (Not Investing)
Topic: LTCi option - whole life w/ Continuation of benefits rider
Replies: 19
Views: 1456

Re: LTCi option - whole life w/ Continuation of benefits rider

Going to be in for a big surprise when you or spouse goes on claim in 20 or 25 years with these policies. Make sure you understand. I appreciate the warning. That's why I'm researching. If it has a 2% inflation rider and medical care inflation is 4.5%, that's 2.5% compounded over 20 years as a shor...
by spammagnet
Tue Jun 19, 2018 12:51 pm
Forum: Personal Finance (Not Investing)
Topic: LTCi option - whole life w/ Continuation of benefits rider
Replies: 19
Views: 1456

Re: LTCi option - whole life w/ Continuation of benefits rider

One-America Asset Care Producer Guide That is the underwriter and product I was referred to but I did not have that brochure or details. The fact that it's labeled for producers makes me think I'd never see it from the salesperson I'm corresponding with. No mention was made of funding source. The p...
by spammagnet
Sun Jun 17, 2018 11:56 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2721
Views: 541794

Re: What's Your Credit Card Rewards Strategy?

SlowMovingInvestor wrote:
Sun Jun 17, 2018 11:22 am
So -- is there any advantage to a Citi Sears Mastercard if one hardly ever shops at Sears/K-Mart ?
If you buy clothes from Lands' End, you can use your points there.
by spammagnet
Sat Jun 16, 2018 9:16 pm
Forum: Personal Finance (Not Investing)
Topic: LTCi option - whole life w/ Continuation of benefits rider
Replies: 19
Views: 1456

Re: LTCi option - whole life w/ Continuation of benefits rider

Is the annual adjustment the inflation rider? I'm unclear on what you're asking, so it's good that you're asking. Can you elaborate on the question? How old are you and your spouse? 58 and 62, in good health. You need to compare with a traditional policy that offers lifetime benefits, only one is a...
by spammagnet
Sat Jun 16, 2018 2:35 pm
Forum: Personal Finance (Not Investing)
Topic: can we afford to spend $20K on travel annually
Replies: 89
Views: 7204

Re: can we afford to spend $20K on travel annually

Exafchick wrote:
Fri Jun 15, 2018 10:09 am
Anyone else think 39 is a bit young to be considered middle aged?!
If you think of middle-aged as being at the middle of your life expectancy, it's a little on the young side but past early adulthood, for sure. In terms of career and family stages, they seem to be squarely in middle age.
by spammagnet
Sat Jun 16, 2018 12:40 pm
Forum: Personal Finance (Not Investing)
Topic: LTCi option - whole life w/ Continuation of benefits rider
Replies: 19
Views: 1456

LTCi option - whole life w/ Continuation of benefits rider

As are others, we're evaluating LTC insurance and finding the standard options wanting. You're basically buying a pool of money and the cost is pretty much the same as the benefit. In speaking to an insurance agent we discussed our ability to pay for a few years out of pocket, but want to insure our...
by spammagnet
Sat Jun 16, 2018 10:06 am
Forum: Personal Finance (Not Investing)
Topic: add to DW 401k while withdrawing from (self) 403b?
Replies: 19
Views: 903

Re: add to DW 401k while withdrawing from (self) 403b?

gneeby wrote:
Sat Jun 16, 2018 9:40 am
For a married couple filing a joint return it doesn't matter which account, retiree or spouse, is converted, from ORP's modeling perspective. The decision will be based on other, non-model factors.
Thanks
by spammagnet
Fri Jun 15, 2018 5:39 pm
Forum: Personal Finance (Not Investing)
Topic: add to DW 401k while withdrawing from (self) 403b?
Replies: 19
Views: 903

Re: add to DW 401k while withdrawing from (self) 403b?

One additional factor I can think of is assessing the quality/cost of your funds in your vs her 403b/401k. If you have high expense only options you don't like in yours, and hers is full of great low cost index funds, then you could take this opportunity to "move" the money. We have good choices in...
by spammagnet
Fri Jun 15, 2018 11:28 am
Forum: Personal Finance (Not Investing)
Topic: add to DW 401k while withdrawing from (self) 403b?
Replies: 19
Views: 903

Re: add to DW 401k while withdrawing from (self) 403b?

Regardless of when the match is paid out (and I agree the change is slimy), there is no good reason to pass up 8%. Although I couldn’t tell from your post if your wife is required to contribute 8% (or some other figure) to get the 8% match. She is required to contribute to get the match. We'll put ...
by spammagnet
Fri Jun 15, 2018 2:07 am
Forum: Investing - Help with Personal Investments
Topic: 35 and Need Help With Building Wealth
Replies: 55
Views: 6873

Re: 35 and Need Help With Building Wealth

... I like movies, tv, etc. I've considered cutting some of those expenses, but I've come to terms with certain luxuries I'm probably not going to cut. My daughter loves Netflix, I buy enough stuff on Amazon that the monthly expense pays for itself in shipping costs. When we scaled back on cable we...
by spammagnet
Thu Jun 14, 2018 11:39 pm
Forum: Personal Finance (Not Investing)
Topic: add to DW 401k while withdrawing from (self) 403b?
Replies: 19
Views: 903

Re: add to DW 401k while withdrawing from (self) 403b?

YIkes! What a steaming crock of *beep*. That's Megacorp for ya!! Not only take away some benefit, but insult their intelligence at the same time. Considering other ways they demonstrate their avarice, it doesn't surprise me. They haven't given raises for years. Instead, they give an annual bonus, t...
by spammagnet
Thu Jun 14, 2018 10:17 pm
Forum: Personal Finance (Not Investing)
Topic: add to DW 401k while withdrawing from (self) 403b?
Replies: 19
Views: 903

Re: add to DW 401k while withdrawing from (self) 403b?

DW is contributing the max 24.5K/yr. Her megacorp employer matches 8% of salary (she's a long-term employee) but this year started deferring until the first quarter of next year, at which point you get a lump sum. You have to be employed on 12/31 to get anything. (Their PR spin is amusing - employee...
by spammagnet
Thu Jun 14, 2018 10:50 am
Forum: Personal Finance (Not Investing)
Topic: add to DW 401k while withdrawing from (self) 403b?
Replies: 19
Views: 903

add to DW 401k while withdrawing from (self) 403b?

All, I'll be retiring in a few months. DW will continue to work and has a good 401k plan. I'm eligible for SS benefits but am not at FRA and will defer benefits until 70, anyway. I don't have any pensions to speak of. ($3K/year starting in a couple years.) We'll need to supplement her income with wi...
by spammagnet
Mon Jun 11, 2018 12:24 am
Forum: Personal Finance (Not Investing)
Topic: ACA subsidies and single LLC
Replies: 14
Views: 1331

Re: ACA subsidies and single LLC

Spirit Rider wrote:
Fri Jun 08, 2018 8:13 am
... My main point was that an LLC didn't really gain you anything. You can deduct the same exact business expenses as an LLC and as a sole proprietor (you file the exact same tax return). ...
Electing to file as an S-Corp provides additional tax advantages.
by spammagnet
Sun Jun 10, 2018 10:00 pm
Forum: Personal Finance (Not Investing)
Topic: Are you including SS in your planning model? Are the benefits really that high?
Replies: 148
Views: 11903

Re: Are you including SS in your planning model? Are the benefits really that high?

It was supposed to run out by 2003. Then it was supposed to run out in 2015. The latest I heard is that it was going to run out in 2025. So this is great news if we now know it is going to run out in 2034. ... ... I only bring this up because your post indirectly implied that the situation might pa...
by spammagnet
Sun Jun 10, 2018 12:50 am
Forum: Personal Finance (Not Investing)
Topic: ignorant question about fixed rate home equity loans
Replies: 18
Views: 1282

Re: ignorant question about fixed rate home equity loans

cherijoh wrote:
Sat Jun 09, 2018 10:07 am
Are you qualified to join this other CU?
Not the OP but credit unions in my area require only that you have a pulse and $5.
by spammagnet
Sat Jun 09, 2018 1:48 pm
Forum: Personal Finance (Not Investing)
Topic: Are you including SS in your planning model? Are the benefits really that high?
Replies: 148
Views: 11903

Re: Are you including SS in your planning model? Are the benefits really that high?

It was supposed to run out by 2003. Then it was supposed to run out in 2015. The latest I heard is that it was going to run out in 2025. So this is great news if we now know it is going to run out in 2034. To the point of the OP, I'm including SS in my model with the expectation that the trust fund...
by spammagnet
Sat Jun 09, 2018 12:10 am
Forum: Personal Finance (Not Investing)
Topic: Term Life Insurance for Young Couple
Replies: 33
Views: 2724

Re: Term Life Insurance for Young Couple

My wife and I had approximately equal income when we bought term life 20 years ago. Our prospects were for our income to rise faster than inflation but we aren't/weren't very high income. Our kids were still in preschool. We didn't do any fancy need calculations. Instead, we just figured out what it...
by spammagnet
Sun Jun 03, 2018 11:15 pm
Forum: Personal Finance (Not Investing)
Topic: Ty Bernicke's Reality Retirement spending model not found?
Replies: 3
Views: 494

Re: Ty Bernicke's Reality Retirement spending model not found?

This link is from the I-ORP (Optimal Retirement Planner) Extended ORP help page: https://i-orp.com/TermAndC/help/RealityRetirementPlanning.pdf ... Thanks. It was my interest in ORP that directed me to that article. The link I tried was from the Bogleheads wiki list of retirement planners. A note on...
by spammagnet
Sun Jun 03, 2018 4:24 pm
Forum: Personal Finance (Not Investing)
Topic: Ty Bernicke's Reality Retirement spending model not found?
Replies: 3
Views: 494

Ty Bernicke's Reality Retirement spending model not found?

Does anyone know of the whereabouts of the article published by Ty Bernicke regarding variable rates of spending in retirement? References in multiple locations (Boglehead's wiki, Michael Kitces, etc.) all lead to dead pages.
by spammagnet
Tue May 29, 2018 11:34 pm
Forum: Personal Finance (Not Investing)
Topic: Variable Percentage Withdrawal (VPW-adv) for Advanced Users
Replies: 36
Views: 3764

Re: Variable Percentage Withdrawal (VPW-adv) for Advanced Users

longinvest wrote:
Tue May 29, 2018 10:12 pm
That's annoying.

I guess I'll have to do as I did with my other spreadsheets: develop the master copy with LibreOffice Calc and then export it to Google Sheets and Microsoft Excel. I'll try to do that next weekend.
Thanks. I appreciate your investment in time on behalf of strangers.
by spammagnet
Tue May 29, 2018 10:09 pm
Forum: Personal Finance (Not Investing)
Topic: Variable Percentage Withdrawal (VPW-adv) for Advanced Users
Replies: 36
Views: 3764

Re: Variable Percentage Withdrawal (VPW-adv) for Advanced Users

I have developed a spreadsheet for advanced users of the variable-percentage withdrawal (VPW) method. ... The spreadsheet is open and free. You can modify it and adapt it to your own preferences and needs. Attempts to download as Excel consistently results in errors when opening the downloaded file...
by spammagnet
Sat May 19, 2018 10:51 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2721
Views: 541794

Re: What's Your Credit Card Rewards Strategy?

... Our credit card strategy is to have a single CC account at Capital One with two credit cards with different CC numbers. Consider opening another account at a different bank. If you do get hacked you won't have access to a credit card until the delivery a new one. With a card at a different bank...
by spammagnet
Fri May 04, 2018 5:16 pm
Forum: Personal Finance (Not Investing)
Topic: Sad because I did not know what I was doing with inheritance
Replies: 34
Views: 7457

Re: Sad because I did not know what I was doing with inheritance

Well you can be comforted with a few things: 1) It was only 55k. You can make that back in a relatively short amount of time. For younger members and those with lower incomes, 55K is a lot. It might take them longer than you think. Hopefully it doesn't happen later in life. That doesn't change the ...