Search found 151 matches

by Dinosaur Dad
Mon Aug 19, 2019 3:27 pm
Forum: Personal Consumer Issues
Topic: Anyonw driving Uber for fun and pocket money in retirement?
Replies: 40
Views: 3304

Re: Anyonw driving Uber for fun and pocket money in retirement?

post script: out of interest I called one well-known car insurance provider..once you're an Uber driver you are instantly a "commercial" driver and your policy costs quadruple (in my case). Yikes. But you're taking a huge risk without the right insurance.
by Dinosaur Dad
Mon Aug 19, 2019 1:20 pm
Forum: Personal Consumer Issues
Topic: Anyonw driving Uber for fun and pocket money in retirement?
Replies: 40
Views: 3304

Re: Anyonw driving Uber for fun and pocket money in retirement?

anyone out there have any experience with the insurance part of this? my understanding is that while Uber says that they cover you while you're on the system, there are many issues about how your personal insurance would/would not apply e.g. they wouldn't apply your own personal liability insurance ...
by Dinosaur Dad
Thu Aug 15, 2019 9:34 am
Forum: Personal Consumer Issues
Topic: Anyone in Westchester County, NY here?
Replies: 11
Views: 1107

Re: Anyone in Westchester County, NY here?

Grew up in Westchester, now live in Fairfield County. Towns are very different, many (most?) upper-middle-income. Clusters of condos and apartments in White Plains, along the Harlem Line train (Scarsdale, Hartsdale, etc.) and also the New Haven Line. Many, many older buildings have been converted. N...
by Dinosaur Dad
Wed Aug 14, 2019 4:56 pm
Forum: Investing - Theory, News & General
Topic: "Retirement Planning Is Complicated. Your Retirement Portfolio Shouldn't Be"
Replies: 40
Views: 3787

Re: "Retirement Planning Is Complicated. Your Retirement Portfolio Shouldn't Be"

Hi Taylor, I am so glad that you mentioned that retirement planning is complicated. There is so much bias here for a do-it-yourself approach to both investing and retirement planning. I don't think investing needs to be complicated but there are a number of irreversible decisions that are involved ...
by Dinosaur Dad
Tue Aug 13, 2019 9:08 am
Forum: Personal Investments
Topic: Time to annuitize?
Replies: 15
Views: 2023

Re: Time to annuitize?

Jane Bryant Quinn, in her book "how to make your money last," recommends a service called Annuity Review. Not sure what the fee is, but this team analyzes variable annuities and advise you on the best steps to take. Might be worth a look.

Link is

https://www.annuityreview.com/
by Dinosaur Dad
Mon Aug 05, 2019 4:33 pm
Forum: Personal Investments
Topic: Help for a relative
Replies: 17
Views: 1355

Re: Help for a relative

I do understand your concern for her future. But, I am not sure how much “low income” assistance will be available to her though if this is managed well. Maybe the limits are higher for her HCOL area. But, generally speaking, her social security plus the income on inheritance will likely put her ab...
by Dinosaur Dad
Mon Aug 05, 2019 4:31 pm
Forum: Personal Investments
Topic: Help for a relative
Replies: 17
Views: 1355

Re: Help for a relative

I think you have received some good suggestions to think over. Setting it aside for 6-12 months in CDs, Money Market, or high yield savings accounts (on-line banks are more likely to have decent CDs.) Vanguard Money Market should be secure even if not FDIC insured. Read the Wiki on the subject of W...
by Dinosaur Dad
Sat Aug 03, 2019 5:49 pm
Forum: Personal Finance (Not Investing)
Topic: For long time retirees, do you use a spreadsheet?
Replies: 37
Views: 2650

Re: For long time retirees, do you use a spreadsheet?

Not retired yet...but we've kept spreadsheets detailing expenses for years, dating back to when we were looking at buying our first house and I wanted to get a handle of things. Fast forward, now it really helps in looking at a spending plan for retirement, as well as tracking investments, rebalanci...
by Dinosaur Dad
Thu Aug 01, 2019 10:07 pm
Forum: Personal Investments
Topic: "How active management survives"
Replies: 26
Views: 3712

Re: "How active management survives"

I subscribe to a newsletter published by Harold Evensky, a longtime well-respected name in financial planning, whose articles over the years have been very helpful to me. Dinosaur Dad: It may interest you to know that I first met Harold Evansky more than 50 years ago when I attended a meeting of th...
by Dinosaur Dad
Thu Aug 01, 2019 9:51 am
Forum: Personal Investments
Topic: "How active management survives"
Replies: 26
Views: 3712

Re: "How active management survives"

The thing is...let's say I know 6 people that are unquestionably "rich" -- one in the many tens of millions range. And I know them well enough personally to know that 100% use a financial advisor, or some sort of professional wealth management. All of them. And at least some are involved in things ...
by Dinosaur Dad
Wed Jul 31, 2019 12:18 pm
Forum: Personal Investments
Topic: "How active management survives"
Replies: 26
Views: 3712

"How active management survives"

I subscribe to a newsletter published by Harold Evensky, a longtime well-respected name in financial planning, whose articles over the years have been very helpful to me. Among this months links: this research paper (see below) on the behavioral drivers behind why some people stick with active manag...
by Dinosaur Dad
Tue Jul 30, 2019 7:08 pm
Forum: Personal Investments
Topic: Help for a relative
Replies: 17
Views: 1355

Re: Help for a relative

I have a relative, age 60. She inherited $500k recently, but has no other assets. Her work history shows an average of roughly $25k/year in salary in her highest years, so unfortunately her SS will only be about $8-$10k/year. She lived with another relative for some time but that relative died rece...
by Dinosaur Dad
Tue Jul 30, 2019 7:07 pm
Forum: Personal Investments
Topic: Help for a relative
Replies: 17
Views: 1355

Re: Help for a relative

I would think having $500k in assets would have a much larger impact on getting Medicaid or any other state or Federal aid. If she went into a nursing home, she would have to spend down her assets (to $2,000?) to qualify for Medicaid nursing home aid. bill Agreed. And at today's costs it wouldn't t...
by Dinosaur Dad
Tue Jul 30, 2019 4:53 pm
Forum: Personal Investments
Topic: Help for a relative
Replies: 17
Views: 1355

Re: Help for a relative

Was she previously married for 10 years if divorced? Is she a widow? There may be some SS spousal or survivor benefits if the the above applies. As mentioned, if she can wait until age 70, she can get the highest SS benefit that is adjusted for inflation for the rest of her life. bill Thanks billfr...
by Dinosaur Dad
Tue Jul 30, 2019 4:39 pm
Forum: Personal Investments
Topic: Help for a relative
Replies: 17
Views: 1355

Re: Help for a relative

I have a relative, age 60. She inherited $500k recently, but has no other assets. Her work history shows an average of roughly $25k/year in salary in her highest years, so unfortunately her SS will only be about $8-$10k/year. She lived with another relative for some time but that relative died rece...
by Dinosaur Dad
Tue Jul 30, 2019 4:19 pm
Forum: Personal Investments
Topic: Help for a relative
Replies: 17
Views: 1355

Help for a relative

I have a relative, age 60. She inherited $500k recently, but has no other assets. Her work history shows an average of roughly $25k/year in salary in her highest years, so unfortunately her SS will only be about $8-$10k/year. She lived with another relative for some time but that relative died recen...
by Dinosaur Dad
Tue Jul 30, 2019 3:59 pm
Forum: Personal Finance (Not Investing)
Topic: The Quality of a Retirement with no Retirement Savings
Replies: 30
Views: 2975

Re: The Quality of a Retirement with no Retirement Savings

This is one I wonder about too. I have a relative, age 60. She inherited $500k recently, but has no other assets. Her work history shows an average of roughly $25k/year in salary in her highest years, so unfortunately her SS will only be about $8-$10k/year. She lived with another relative for some t...
by Dinosaur Dad
Mon Jul 29, 2019 1:20 pm
Forum: Personal Consumer Issues
Topic: Three or four-day Fall Getaways (Northeast US)
Replies: 19
Views: 1470

Re: Three or four-day Fall Getaways (Northeast US)

some to consider that we access easily from our home in Fairfield County, Connecticut: Northampton, Mass area: multiple colleges in this area. Art galleries, bookstores, Fall Festivals, plus some nice outdoor hiking and bicycling. Upper Hudson River: stretches from about Poughkeepsie, NY up through ...
by Dinosaur Dad
Fri Jul 19, 2019 10:31 am
Forum: Personal Consumer Issues
Topic: Do you buy cellphone outright or pay over 2 years?
Replies: 129
Views: 8197

Re: Do you buy cellphone outright or pay over 2 years?

Housedoc wrote:
Fri Jul 19, 2019 10:28 am
Bought an unlocked Moto g7 recently at Best Buy. $250 bucks. Latest Android operating system. So far I am enjoying it and the $750 I saved.
+1
by Dinosaur Dad
Fri Jul 19, 2019 9:42 am
Forum: Investing - Theory, News & General
Topic: POST YOUR QUESTIONS FOR THE EXPERTS PANEL Q&A HERE
Replies: 76
Views: 8505

Re: POST YOUR QUESTIONS FOR THE EXPERTS PANEL Q&A HERE

Many new retirees plan to delay social security until age 70, and take RMDs at 70.5 to allow more tax-free growth. In the interim, the challenge is to create income from the after tax part of your portfolio (and maybe do some Roth conversions at the same time). In a low interest rate environment, wh...
by Dinosaur Dad
Wed Jul 17, 2019 2:16 pm
Forum: Personal Consumer Issues
Topic: Garage Organization
Replies: 57
Views: 4268

Re: Garage Organization

There are all kinds of options, from simple low cost hooks and strips to store things like shovels and brooms to more sophisticated systems like Rubbermaid Fast Track. In my backyard shed, the Rubbermaid Fast Track works great because you can vary the types of hooks to accommodate all kinds of thing...
by Dinosaur Dad
Tue Jun 11, 2019 9:23 am
Forum: Personal Consumer Issues
Topic: Good Rx
Replies: 36
Views: 3315

Re: Good Rx

We have had very good luck with BlinkRx. Prices are comparable or lower than GoodRx, everything's fulfilled through my local pharmacy.
by Dinosaur Dad
Sun Feb 24, 2019 11:02 pm
Forum: Personal Finance (Not Investing)
Topic: Helping sibling with limited income
Replies: 9
Views: 1181

Re: Helping sibling with limited income

1. Annuity would make sense under the situation and will annually pay more than the return on a conservative mix of stocks and bonds. She will no longer have the ability to spend away the principal. 2. With her experience related to coordinating the healthcare of on older person other families with...
by Dinosaur Dad
Sun Feb 24, 2019 9:07 pm
Forum: Personal Finance (Not Investing)
Topic: Helping sibling with limited income
Replies: 9
Views: 1181

Re: Helping sibling with limited income

I'm having a little trouble following the story. So, the sister cared for your mom even there were around-the-clock caregivers for six years followed by 18 months in a nursing home? If you took care of mom's finances and there were 24/7 personal caregivers, what kinds of things did your sister do f...
by Dinosaur Dad
Sun Feb 24, 2019 8:38 pm
Forum: Personal Finance (Not Investing)
Topic: Helping sibling with limited income
Replies: 9
Views: 1181

Helping sibling with limited income

Folks I've read a number of posts about helping family members who may, for a variety of reasons, be in in financial distress. My story: Long time reader of the forum, have learned so much and applied it to my own finances...I'm a true Boglehead believer, and I've been able to take care of my own fa...
by Dinosaur Dad
Sat Feb 09, 2019 11:12 am
Forum: Personal Finance (Not Investing)
Topic: "Living comfortably in retirement"
Replies: 71
Views: 9240

Re: "Living comfortably in retirement"

We often hear the goal/promise of living comfortably in retirement. What does that term mean to you, how do you know when you're there? Is it purely a financial thing, is it an emotional status, some combo, etc? Your body will never be comfortable with all the aches and pains of an aging body. The ...
by Dinosaur Dad
Sun Nov 11, 2018 9:36 pm
Forum: Personal Finance (Not Investing)
Topic: High Earners - What's Your Profession?
Replies: 712
Views: 120749

Re: High Earners - What's Your Profession?

hmm Here's a slightly different take on this question and maybe a little rant mixed in: I'm 62, HCOL area (Connecticut), until about 3 years ago was making about $200k in total at corporate market research job. BUT: 1. didn't always make that much, but adjusted spending to ensure a high savings rate...
by Dinosaur Dad
Mon Aug 13, 2018 9:16 pm
Forum: Personal Consumer Issues
Topic: Trip to Maine
Replies: 38
Views: 3903

Re: Trip to Maine

A lot of great recos already. Also: maineartmuseums.org tells you about a string of museums mainly in the Eastern part of the state. You might not get to all but worth looking into. And my biased opinion is that the Acadia carriage trail bicycling (you can rent a bike) is pretty awesome...there are ...
by Dinosaur Dad
Thu Jul 12, 2018 10:52 am
Forum: Personal Finance (Not Investing)
Topic: Health Insurance for Couple Early Retirement
Replies: 29
Views: 2924

Re: Health Insurance for Couple Early Retirement

I also live in Fairfield County. I did find one option that involved essentially buying into an existing Union-based plan, but it has preexisting conditions limitations. Your brother should ask about that...maybe via an insurance broker...it's called IBOTU Local 713 Welfare Fund. I show an "informat...
by Dinosaur Dad
Tue Jul 03, 2018 2:51 pm
Forum: Personal Consumer Issues
Topic: Transporting bikes with an SUV?
Replies: 38
Views: 2207

Re: Transporting bikes with an SUV?

Thule hitch-mounted rack. Had it for ten years. I use coil locks to secure the bikes to the hitch, and there's a separate lock around where the rack connects to the hitch. Works great. I used to have a roof rack but it was a pain to lift and secure the bikes that way. Additionally there are a number...
by Dinosaur Dad
Mon Jul 02, 2018 11:04 am
Forum: Personal Finance (Not Investing)
Topic: Health Insurance for Retirees, % escalation
Replies: 52
Views: 3899

Re: Health Insurance for Retirees, % escalation

Another important consideration re: pre-Medicare medical coverage: I'm 62, and when I was laid off, I looked at: 1. Cobra 2. the premiums, copays, deductibles, potential subsidies for Exchange options 3. Other options e.g. I looked at an option where I would buy in to a union-based plan...but lots o...
by Dinosaur Dad
Mon Apr 09, 2018 3:01 pm
Forum: Personal Finance (Not Investing)
Topic: Easily digestible info/blog on finances for spouse?
Replies: 35
Views: 3248

Re: Easily digestible info/blog on finances for spouse?

I'm a big fan of Jonathan Clements. She could check out his blog and just select topics of interest.
by Dinosaur Dad
Sun Apr 01, 2018 10:02 pm
Forum: Personal Finance (Not Investing)
Topic: What age is the best to give a child control of an inheritance?
Replies: 192
Views: 16307

Re: What age is the best to give a child control of an inheritance?

Successor trustee and co-corporate trustee and or trust protector. Incremental distributions. Spendthrift provisions. Provisions to limit redirection of funds not for her benefit, etc, etc. Refer to “Beyond the Grave” by Condon. J🌺🌺🌺 +1/ We are redoing our plans and "Beyond the Grave" is just outst...
by Dinosaur Dad
Fri Mar 23, 2018 8:49 am
Forum: Investing - Theory, News & General
Topic: Working till retirement is not a great plan
Replies: 175
Views: 16580

Re: Working till retirement is not a great plan

At a high level most people are employed past 60. That is an indisputable fact. Look at the average retirement age:) Most are even in the same job. That isn't any comfort though if you are one of the ones that is fired and then can't find employment. To some extent that is random luck (i.e. google ...
by Dinosaur Dad
Fri Mar 23, 2018 8:46 am
Forum: Investing - Theory, News & General
Topic: Working till retirement is not a great plan
Replies: 175
Views: 16580

Re: Working till retirement is not a great plan

Seems to me that the work world's moving inexorably toward the gig economy. Anyone who's an entrepreneur is already working under the assumption that you have to be continually filling the pipeline, building your brand, etc, so they already live with the uncertainty and have it on the radar. But for...
by Dinosaur Dad
Mon Mar 12, 2018 6:50 pm
Forum: Personal Consumer Issues
Topic: Finally Cutting the Cord - YouTube TV
Replies: 57
Views: 9539

Re: Finally Cutting the Cord - YouTube TV

I changed from my Optimum triple play to: Optimum internet $49.99 & tax Playstation Vue $49.99 (lowest level, includes local tv and all of the cable stations I want, ESPN, etc) Roku plug in device for 4 TVs (one time cost of $39 per TV) For my landline phone, I changed to Magic Jack. Will cost $39 f...
by Dinosaur Dad
Fri Mar 09, 2018 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: Why (or why not) use an advisor
Replies: 42
Views: 3138

Re: Why (or why not) use an advisor

Warren Buffet has spoken out on this topic...and his comments really struck me. To quote the New York Times, quoting Buffet: In his letter, Mr. Buffett offered an unusually cogent, honest and blunt appraisal of the human behavior that drives individuals with money to avoid index funds — and their wi...
by Dinosaur Dad
Fri Mar 09, 2018 12:47 pm
Forum: Personal Finance (Not Investing)
Topic: Why (or why not) use an advisor
Replies: 42
Views: 3138

Re: Why (or why not) use an advisor

I'm my wife's advisor (she has said so to her family when they were naming who their investment "guy" was. Not sure why it was always a "guy" but it was.) You have to be actively involved in your finances, so why not investing as well. Nobody else is going to care as much as you do. Just like car o...
by Dinosaur Dad
Thu Mar 08, 2018 1:09 pm
Forum: Personal Finance (Not Investing)
Topic: Why (or why not) use an advisor
Replies: 42
Views: 3138

Re: Why (or why not) use an advisor

The answer for me was simply that I don't feel that an advisor can guarantee better results than I can do on my own. The caveat is: are you willing to invest time to educate yourself and stick to the principles that many of us have discovered (e.g. low costs, diversification, understanding your risk...
by Dinosaur Dad
Mon Mar 05, 2018 8:27 pm
Forum: Personal Finance (Not Investing)
Topic: Long Term Care: Excellent Morningstar article [75 Must-Know Statistics About Long-Term Care]
Replies: 23
Views: 3435

Re: Long Term Care: Excellent Morningstar article [75 Must-Know Statistics About Long-Term Care]

Many threads on this topic. I'm still assessing whether to self-insure; it's clear to me that there has been a ton of turmoil among LTC providers lately, so the market feels very uncertain to me. Many things to consider. I found this recent thread very helpful: https://www.bogleheads.org/forum/viewt...
by Dinosaur Dad
Fri Mar 02, 2018 11:11 pm
Forum: Personal Consumer Issues
Topic: Comparison of On-Demand TV Provider features
Replies: 13
Views: 1009

Re: Comparison of On-Demand TV Provider features

Just converted to Roku streaming device (plug into back of TV) with Playstation Vue streaming subscription. Roku cost about $34 (one time) for each TV; base Playstation Vue is $40/month for the whole house. Includes DVR as noted. Working great, saves me $120/month over cable. Additionally, cut my la...
by Dinosaur Dad
Fri Mar 02, 2018 3:51 pm
Forum: Personal Consumer Issues
Topic: Re: Where to buy a Vanguard hat? An Update and good news
Replies: 151
Views: 34097

Re: Where to buy a Vanguard hat? An Update and bad news

Sorry, I don't know how to copy a pdf image. But here are the items on it. 1. Baseball cap $8.99 2 Stainless steel mug $14.99 3. Note Cube $4.99 4. Pen $1.29 5. Small Black journal $14.99 6. Bistro mug $7.00 7. Copper insulated travel mug $15.99 8. Compact umbrella $12.99 9. Soft shell (looks like ...
by Dinosaur Dad
Mon Feb 26, 2018 11:32 am
Forum: US Chapters
Topic: Nisiprius at 35,000 posts
Replies: 60
Views: 7312

Re: Nisiprius at 35,000 posts

Just incredibly knowledgeable, thoughtful, really knows how to look at all sides of the issue. You've helped so many...like me...realize how we have a lot still to learn! And that's a good thing! Thank you!
by Dinosaur Dad
Sun Feb 25, 2018 10:05 pm
Forum: Personal Finance (Not Investing)
Topic: Long term care insurance
Replies: 149
Views: 10420

Re: Long term care insurance

I am somewhat surprised the people are still interested in LTC policies. I know two elderly people who have had and used these policies. In both cases, as they aged, the insurance companies jacked the rates way up, to the point where one of them almost cancelled. I intervened and the payment was ma...
by Dinosaur Dad
Sun Feb 25, 2018 8:39 pm
Forum: Personal Finance (Not Investing)
Topic: Amica reocurring double digit increases in homeowners insurance
Replies: 39
Views: 6083

Re: Amica reocurring double digit increases in homeowners insurance

I was a long time (20+ years) Amica person...then they abruptly dropped me completely when my then-19 year old got two speeding tickets. thank you for your loyalty. Since then, very good experience with Progressive. clark howard is an amica (and usaa) fan, but he cautions his listeners to only cons...
by Dinosaur Dad
Sun Feb 25, 2018 8:37 pm
Forum: Personal Finance (Not Investing)
Topic: Long term care insurance
Replies: 149
Views: 10420

Re: Long term care insurance

For me, right now my conclusion is to (1) set aside $500k in today's investments as specifically long term care money for me and my wife, and (2) potentially pull on other funds that are earmarked for child's legacy (investments and/or house equity), if that becomes necessary. High inflation on med...
by Dinosaur Dad
Sun Feb 25, 2018 3:37 pm
Forum: Personal Finance (Not Investing)
Topic: Long term care insurance
Replies: 149
Views: 10420

Re: Long term care insurance

I am not discounting the value of insurance. I have used and continue to use all sorts of insurance. I purchased term life insurance until i had enough assets to no longer need it. I have a high liability coverage for auto and home, and a very large umbrella policy. Our cars are all paid for, but w...
by Dinosaur Dad
Fri Feb 23, 2018 6:14 pm
Forum: Personal Finance (Not Investing)
Topic: Long term care insurance
Replies: 149
Views: 10420

Re: Long term care insurance

I found this article very helpful in illustrating some of the considerations:

http://www.theretirementmanifesto.com/w ... insurance/
by Dinosaur Dad
Fri Feb 23, 2018 5:41 pm
Forum: Personal Finance (Not Investing)
Topic: Bogleheads: What are you doing to prepare for dementia/alzheimers?
Replies: 60
Views: 6924

Re: Bogleheads: What are you doing to prepare for dementia/alzheimers?

As others have already advised: Durable Power of Attorney for financial, with an alternate named as well. The same for Medical Power of Attorney. An advanced care directive, stating your wishes about your care decisions. In addition, if this is truly a concern, I would write down how you want to be...
by Dinosaur Dad
Fri Feb 23, 2018 4:09 pm
Forum: Personal Investments
Topic: Financial proposal from Adviser
Replies: 37
Views: 4094

Re: Financial proposal from Adviser

Pass. It doesn't matter what the plan is. The fees, expense ratios, sales loads, 12b-1 fees, etc are TOO high. Search "Edward Jones" and read the numerous threads. Many of us are escapees. Fees opened our eyes. http://www.dinkytown.net/java/CompareFees.html Play around with scenarios in this tool. ...