Search found 53 matches

by Cheego
Sun Nov 29, 2020 3:47 pm
Forum: Personal Investments
Topic: My First Brokerage Account: Two Questions
Replies: 4
Views: 602

My First Brokerage Account: Two Questions

I am about to set up my first brokerage account since my CD ladder is starting to come due and rates just aren't good enough to keep funding more CD's. So two quick questions... 1. I'm in a high tax bracket. Based on that alone, it appears that I should opt for ETF's instead of mutual funds, but are...
by Cheego
Wed Nov 25, 2020 10:50 am
Forum: Personal Investments
Topic: How to Plan for Medicare Costs 13 Years from Now?
Replies: 27
Views: 2546

Re: How to Plan for Medicare Costs 13 Years from Now?

I'm 51. I will be using ACA until 65 years of age. At age 65 I figure 15k a year in today's dollars for both of us for all medical expenses and insurance premiums. This figure is assuming no long term care. It is unknowable, but you do need to come up with a reasonable number for planning purposes....
by Cheego
Mon Nov 23, 2020 7:36 pm
Forum: Personal Investments
Topic: Does portfolio optimization work?
Replies: 16
Views: 1449

Re: Does portfolio optimization work?

I've been playing around with PortfolioCharts for the last couple of months. As a beginner, it's almost a guilty pleasure that I look forward to before each lunch break. But I wonder if the data used there is still valid (particularly for bond funds). With some things changing so quickly these days,...
by Cheego
Mon Nov 23, 2020 4:19 pm
Forum: Investing - Theory, News & General
Topic: Humble Dollar Post Today - Whaaaa? ["Evasive Action", authored by John Lim]
Replies: 19
Views: 2621

Humble Dollar Post Today - Whaaaa? ["Evasive Action", authored by John Lim]

I tend to read Humble Dollar once or twice a week and though the advice is often a bit too simple, at least it's fairly benign. But today's post is a bit uncommon. Aside from opinions about Humble Dollar, what do you think about points two, three, and four on this post... https://humbledollar.com/20...
by Cheego
Mon Nov 23, 2020 9:15 am
Forum: Personal Investments
Topic: How to Plan for Medicare Costs 13 Years from Now?
Replies: 27
Views: 2546

Re: How to Plan for Medicare Costs 13 Years from Now?

I"m sorta in the same boat as you. I just expect and financially plan on spending $15,000 per year in today's dollars as a couple for heathcare after age 65. This is an unknown, but could be a good baseline. A big thank you for the suggestion. What I should have asked right from the start on t...
by Cheego
Sun Nov 22, 2020 5:20 pm
Forum: Personal Investments
Topic: How to Plan for Medicare Costs 13 Years from Now?
Replies: 27
Views: 2546

Re: How to Plan for Medicare Costs 13 Years from Now?

I spent 20+ years in health care focusing on policy & economics and I know enuf to not even try bcos the unknowns far outweigh the knowns. (I'm much better at timing the market, and I'm pretty bad at that.) Then any serious attempt to plan for retirement is impossible and thus a waste of time. ...
by Cheego
Sun Nov 22, 2020 4:35 pm
Forum: Personal Investments
Topic: How to Plan for Medicare Costs 13 Years from Now?
Replies: 27
Views: 2546

Re: How to Plan for Medicare Costs 13 Years from Now?

Nowizard wrote: Sun Nov 22, 2020 9:24 am It should help that IRMAA will begin indexing to inflation in 2020 since that allows you to figure your retirement income for comparisons. Indexing is expected to reduce the number subject to it.

Tim
Thank you Tim. That is actually very helpful!
by Cheego
Sun Nov 22, 2020 4:32 pm
Forum: Personal Investments
Topic: How to Plan for Medicare Costs 13 Years from Now?
Replies: 27
Views: 2546

Re: How to Plan for Medicare Costs 13 Years from Now?

Sorry, OP, what you are asking is impossible to do with any precision; at best you can just guess. Too much of the future of Medicare relies on government policy, which will change. How and when no one knows. Right... the best anyone can do is guess. But let's be prudent and try to make an educated...
by Cheego
Wed Nov 18, 2020 9:20 pm
Forum: Personal Investments
Topic: How to Plan for Medicare Costs 13 Years from Now?
Replies: 27
Views: 2546

Re: How to Plan for Medicare Costs 13 Years from Now?

Ram - Thanks for reading my post and actually answering the question I had. While I didn't quite understand some of the charts on the link you posted, I think that continued 7% growth in premiums is unsustainable. I'm not sure what rate of growth to plan for and I'm not sure how anyone can plan a re...
by Cheego
Tue Nov 17, 2020 7:14 pm
Forum: Personal Investments
Topic: How to Plan for Medicare Costs 13 Years from Now?
Replies: 27
Views: 2546

How to Plan for Medicare Costs 13 Years from Now?

My wife and I are planning to retire at the end of next year. We will be 52 and 51 years of age at that time. We have both been crunching numbers in various ways. And as we get closer to retirement, we are double checking our planned expenses to the best of our ability but we are struggling to estim...
by Cheego
Tue May 14, 2019 9:02 am
Forum: Personal Finance (Not Investing)
Topic: Is a 401K Worth It as a Small Business Owner?
Replies: 24
Views: 2091

Re: Is a 401K Worth It as a Small Business Owner?

...run the numbers... Many small business owners just look at, say $18k in taxes saved, $15k in costs and think they are good. Thank you gilgamesh... You touched on the important part of my question where you wrote "run the numbers". But before I go any further, a few data points... - We ...
by Cheego
Mon May 13, 2019 2:58 pm
Forum: Personal Finance (Not Investing)
Topic: Is a 401K Worth It as a Small Business Owner?
Replies: 24
Views: 2091

Is a 401K Worth It as a Small Business Owner?

I operate a small business with 3 employees of which two are me and my wife. The 401k costs us $2k in admin and TPA fees. We pay about $2k for advisory fees. And we contribute $11k to the one employee's 401k each year. I'm starting to wonder if there really is much of an advantage to having the 401k...
by Cheego
Fri Nov 16, 2018 10:40 am
Forum: Personal Finance (Not Investing)
Topic: Help needed with retirement numbers
Replies: 5
Views: 1227

Re: Help needed with retirement numbers

Just got this reply from Karl at DinkyTown... There is the thing, we calculate interest per period not annually. I believe the issue you are having is tied to that aspect.To get an periodic rate from an annual rate you can’t just divided by the number of periods or the annual resulting $ amount is t...
by Cheego
Thu Nov 15, 2018 8:16 pm
Forum: Personal Finance (Not Investing)
Topic: Help needed with retirement numbers
Replies: 5
Views: 1227

Re: Help needed with retirement numbers

Thanks birdec. That is an interesting way to figure it out. I would have never thought of that. Sure could use a bit of feedback from #Cruncher. Funny how the DinkyTown.com calculator says it should be $36,329. I just cant figure out their math though. I sent the question to the owner of DinkyTown. ...
by Cheego
Thu Nov 15, 2018 4:02 pm
Forum: Personal Finance (Not Investing)
Topic: Help needed with retirement numbers
Replies: 5
Views: 1227

Re: Help needed with retirement numbers

Just a bump to see if anyone can help me out with this.
by Cheego
Tue Nov 13, 2018 5:49 pm
Forum: Personal Finance (Not Investing)
Topic: Help needed with retirement numbers
Replies: 5
Views: 1227

Help needed with retirement numbers

I'm looking to create a formula that will calculate an amount that represents future purchasing power in today's dollars in light of interest, taxes, and inflation. I know there are several online calculators but I wanted something to work within the spreadsheets I use to watch our spending and savi...
by Cheego
Thu Aug 02, 2018 4:45 pm
Forum: Personal Finance (Not Investing)
Topic: Confused by Two DinkyTown Calculators [Retirement planning]
Replies: 20
Views: 3249

Re: Confused by Two DinkyTown Calculators

This just got way over my head. I'm bailing out. I appreciate your help though.
Months of spreadsheet work down the drain.
by Cheego
Tue Jul 31, 2018 6:12 pm
Forum: Personal Finance (Not Investing)
Topic: Confused by Two DinkyTown Calculators [Retirement planning]
Replies: 20
Views: 3249

Re: Confused by Two DinkyTown Calculators

Lots going on here. First let me again thank you for what you've done. Few people on any forum are so incredibly good at this and so willing to help. I apologize for not seeing that PM you sent. To answer your question... it was the IF statement on the federal tax calculation line that was causing t...
by Cheego
Sun Jul 29, 2018 6:31 pm
Forum: Personal Finance (Not Investing)
Topic: Confused by Two DinkyTown Calculators [Retirement planning]
Replies: 20
Views: 3249

Re: Confused by Two DinkyTown Calculators

Many thanks to LadyGeek and #Cruncher! You are both a huge asset to this forum. I'm not able to get that latest spreadsheet to work because Excel says the taxable income calculation is too long. I should quit while I'm ahead here but I'm struggling to make this work within a spreadsheet I've been wo...
by Cheego
Sat Jul 28, 2018 8:25 pm
Forum: Personal Finance (Not Investing)
Topic: Confused by Two DinkyTown Calculators [Retirement planning]
Replies: 20
Views: 3249

Need Help with Spread Sheet Calculation

[Thread merged into here, see below. --admin LadyGeek] I'm working on some retirement details and I've found a need for a variation of the spread sheet coding that #Cruncher previously offered in another thread. That coding is shown below. What I'm looking for is a way to input the "Withdrawal...
by Cheego
Tue Jun 12, 2018 4:33 pm
Forum: Personal Finance (Not Investing)
Topic: Confused by Two DinkyTown Calculators [Retirement planning]
Replies: 20
Views: 3249

Re: Confused by Two DinkyTown Calculators

Kudos and 2,559 points to #Cruncher! Thank you for this very helpful spreadsheet. I'm thinking the next step would be to divide "portfolio value" into tax deferred and pre-taxed lines but my caveman math is telling me it doesn't matter. I'll drop in a 7.5% state and local rate to get a fin...
by Cheego
Mon Jun 11, 2018 8:49 pm
Forum: Personal Finance (Not Investing)
Topic: Confused by Two DinkyTown Calculators [Retirement planning]
Replies: 20
Views: 3249

Re: Confused by Two DinkyTown Calculators

Thanks for the comments to everyone. Cruncher, I was hoping you'd chime in on this thread so big thanks to you as well. I've been thinking more about this and perhaps the easiest thing to do is determine the math to calculate monthly available spending dollars based on these data points... Starting ...
by Cheego
Sun Jun 10, 2018 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: Confused by Two DinkyTown Calculators [Retirement planning]
Replies: 20
Views: 3249

Confused by Two DinkyTown Calculators [Retirement planning]

I've used the calculators at Dinkytown to help friends and family members over the years. Earlier this week, I was helping a co-worker with his family's budget and retirement plans and we decided to plug some numbers into two different calculators at DT but the results were not the same. I've looked...
by Cheego
Thu Jun 07, 2018 9:10 pm
Forum: Personal Finance (Not Investing)
Topic: Help needed with formula for calculating future expense
Replies: 4
Views: 462

Re: Help needed with formula for calculating future expense

The referenced webpage does mention the Excel FV function which can provide the answer; but it doesn't give the appropriate usage. The 1st line below shows the webpage's usage for how to use FV to calculate what a single amount grows to -- but this isn't what Cheego needs. The 2nd line shows how to...
by Cheego
Thu Jun 07, 2018 5:12 pm
Forum: Personal Finance (Not Investing)
Topic: Help needed with formula for calculating future expense
Replies: 4
Views: 462

Re: Help needed with formula for calculating future expense

Thanks. I checked it out but I'm looking for the sum value of all years combined.
by Cheego
Thu Jun 07, 2018 4:45 pm
Forum: Personal Finance (Not Investing)
Topic: Help needed with formula for calculating future expense
Replies: 4
Views: 462

Help needed with formula for calculating future expense

I'd like to know the spreadsheet formula to determine the sum of all future expenses, adjusted for inflation. For example: - If I retire now and planned to depart this world in exactly 4 years, - and my annual expense total for this year was $50,000, - and I expect a 3% rate of inflation to be appli...
by Cheego
Thu May 31, 2018 9:12 am
Forum: Personal Consumer Issues
Topic: Book Recommendation Wanted
Replies: 15
Views: 1547

Re: Book Recommendation Wanted

Hello all, For this particular topic, I recommend a short book called Fail-Safe Investing by Harry Browne. In this book, Browne outlines a prudent thought process for keeping one's finances in good order while still being able to set aside a budget to enjoy life. I highly recommend it, for whatever...
by Cheego
Thu May 31, 2018 9:12 am
Forum: Personal Consumer Issues
Topic: Book Recommendation Wanted
Replies: 15
Views: 1547

Re: Book Recommendation Wanted

I believe the question you need to ask to yourself is this. Is your brother happy. Most people are happiest when they have goals they are trying to accomplish. My dad, who passed away last year, always jokingly said that he got more enjoyment from saving a dollar then i did spending it. He definite...
by Cheego
Thu May 31, 2018 9:06 am
Forum: Personal Consumer Issues
Topic: Book Recommendation Wanted
Replies: 15
Views: 1547

Re: Book Recommendation Wanted

Yes, back off and let him handle his own finances. It's not really your business unless he or his wife ask your opinion about something, and even then you should be careful about what you say. The fact that you gave him a book that you hadn't read yourself and didn't turn out to be what you thought...
by Cheego
Wed May 30, 2018 4:19 pm
Forum: Personal Consumer Issues
Topic: Book Recommendation Wanted
Replies: 15
Views: 1547

Book Recommendation Wanted

My brother is obsessed with saving money and it's affecting his family and his life. I give him kudos to getting to where he is financially. He is 50 and plans to retire in four years with his wife. Their financials are very good (about $3m in savings, 401k, and has very low expenses, no debt). I've...
by Cheego
Mon Feb 13, 2017 5:06 pm
Forum: Personal Finance (Not Investing)
Topic: Post removed.
Replies: 10
Views: 3432

Post removed.

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by Cheego
Mon Oct 03, 2016 12:52 pm
Forum: Personal Finance (Not Investing)
Topic: Trademark Question
Replies: 1
Views: 441

Trademark Question

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by Cheego
Sun Aug 28, 2016 7:17 pm
Forum: Personal Consumer Issues
Topic: Office Chair
Replies: 36
Views: 5013

Re: Office Chair

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by Cheego
Wed Aug 03, 2016 9:17 am
Forum: Personal Finance (Not Investing)
Topic: Gifting a House to a Grown Child
Replies: 17
Views: 1933

Re: Gifting a House to a Grown Child

Post removed.
by Cheego
Wed Aug 03, 2016 8:32 am
Forum: Personal Finance (Not Investing)
Topic: Gifting a House to a Grown Child
Replies: 17
Views: 1933

Re: Gifting a House to a Grown Child

Message removed.
by Cheego
Wed Aug 03, 2016 8:30 am
Forum: Personal Finance (Not Investing)
Topic: Gifting a House to a Grown Child
Replies: 17
Views: 1933

Re: Gifting a House to a Grown Child

Message removed.
by Cheego
Wed Aug 03, 2016 8:29 am
Forum: Personal Finance (Not Investing)
Topic: Gifting a House to a Grown Child
Replies: 17
Views: 1933

Re: Gifting a House to a Grown Child

Message removed.
by Cheego
Tue Aug 02, 2016 5:10 pm
Forum: Personal Consumer Issues
Topic: Another Italy Trip
Replies: 33
Views: 2596

Re: Another Italy Trip

I don't think I have found in any of a couple dozen countries I have traveled in or worked in, including France but not Italy, that the people in that country "hated Americans." No one I know who has traveled in or worked in Italy has said that the people there hate Americans. Careful... ...
by Cheego
Tue Aug 02, 2016 5:09 pm
Forum: Personal Consumer Issues
Topic: Another Italy Trip
Replies: 33
Views: 2596

Re: Another Italy Trip

To be clear, we didnt base our decision on a couple of strangers comments. We found this same info in a couple of travel books and mags. But itwas surely a factor in the decision. Germany was great. No regrets. What travel books and mags? I have been to Italy several times and never encountered any...
by Cheego
Tue Aug 02, 2016 2:13 pm
Forum: Personal Consumer Issues
Topic: Another Italy Trip
Replies: 33
Views: 2596

Re: Another Italy Trip

To be clear, we didnt base our decision on a couple of strangers comments. We found this same info in a couple of travel books and mags. But itwas surely a factor in the decision. Germany was great. No regrets.
by Cheego
Tue Aug 02, 2016 12:36 pm
Forum: Personal Consumer Issues
Topic: Another Italy Trip
Replies: 33
Views: 2596

Re: Another Italy Trip

My wife and I have avoided Italy because we had read dozens of forum posts that Italians do not like Americans. I'm not sure if that is still true (or ever was true). Any thoughts? We opted to spend a couple of weeks in Germany instead. We learned some basic words and phrases and were respectful of ...
by Cheego
Tue Jul 26, 2016 8:51 am
Forum: Personal Finance (Not Investing)
Topic: Does Anyone Have Google Earth Pro?
Replies: 5
Views: 933

Re: Does Anyone Have Google Earth Pro?

That is absolutely right. Thank you!
by Cheego
Mon Jul 25, 2016 5:01 pm
Forum: Personal Finance (Not Investing)
Topic: Does Anyone Have Google Earth Pro?
Replies: 5
Views: 933

Re: Does Anyone Have Google Earth Pro?

Message removed.
by Cheego
Mon Jul 25, 2016 4:39 pm
Forum: Personal Finance (Not Investing)
Topic: Does Anyone Have Google Earth Pro?
Replies: 5
Views: 933

Does Anyone Have Google Earth Pro?

Message removed.
by Cheego
Mon Jul 25, 2016 4:36 pm
Forum: Personal Consumer Issues
Topic: Vacationing in the Caribbean
Replies: 26
Views: 3891

Re: Vacationing in the Caribbean

Post removed.
by Cheego
Wed Jul 20, 2016 12:00 pm
Forum: Personal Consumer Issues
Topic: Urgent Chrome Update Scam
Replies: 10
Views: 2678

Re: Urgent Chrome Update Scam

Message removed.
by Cheego
Tue Jul 19, 2016 5:18 pm
Forum: Personal Finance (Not Investing)
Topic: Message removed.
Replies: 72
Views: 10324

Re: Another Too-Much-House Thread....

Message removed.