Search found 66 matches

by WillRetire
Wed Jul 18, 2018 6:49 pm
Forum: Personal Consumer Issues
Topic: Need Help Evaluating HVAC Needs and Quotes
Replies: 16
Views: 1065

Re: Need Help Evaluating HVAC Needs and Quotes

It's hot and humid where we are in the Southeast and we have a heat pump in our 2nd floor. I don't suggest it. Do you mind elaborating on why you don't suggest a heat pump for a 2nd floor in the southeast? What do you suggest instead? As a resident of the southeast with a heat pump, that is on its ...
by WillRetire
Sat Jul 07, 2018 12:22 pm
Forum: Personal Consumer Issues
Topic: How to tip
Replies: 87
Views: 5310

Re: How to tip

Tip on pre-tax bill. 15% if service is adequate. 20% or more if excellent. <15% if poor. 0% if terrible. Do not tip on tax; it is unrelated to the service. http://emilypost.com/advice/general-tipping-guide/ edited to add: Add back in coupons or discounts when computing pre-tax amt on which to tip. A...
by WillRetire
Sun Jun 24, 2018 9:44 am
Forum: Personal Finance (Not Investing)
Topic: This is ridiculously expensive LTCi, right? Or maybe not?
Replies: 78
Views: 4230

Re: This is ridiculously expensive LTCi, right? Or maybe not?

The case for buying/keeping a good LTCi policy even if you can afford to self-insure is 3-fold: 1. Piece of mind, as with most insurance 2. Freedom to spend & enjoy your investments while healthy 3. Reducing risk that a prolonged long-term care stay impacts family's finances By all means, if you ca...
by WillRetire
Sun Jun 24, 2018 8:16 am
Forum: Personal Finance (Not Investing)
Topic: This is ridiculously expensive LTCi, right? Or maybe not?
Replies: 78
Views: 4230

Re: This is ridiculously expensive LTCi, right? Or maybe not?

It sounds like if she pays the last 4 years @ $22K/yr she'll have about $190,000 total invested. Is this correct? If so, having an $8000 per month benefit for what could be a decade or more sounds like pretty cheap insurance. Breakeven would be less than two years in SNF. Did I miss something? 20+ ...
by WillRetire
Sat Jun 23, 2018 11:15 am
Forum: Personal Finance (Not Investing)
Topic: Retirees: When you cut spending, what do you cut?
Replies: 84
Views: 8452

Re: Retirees: When you cut spending, what do you cut?

First level of cuts: luxury items. For us, that's eating out (we're good cooks, so this is an easy cut to make), vacations (we live where we love, so this too is easy to cut), home improvements & decorating Second level of cuts: These are "wants", i.e. NOT necessities. For us, these cuts would be: s...
by WillRetire
Fri Jun 22, 2018 6:11 pm
Forum: Personal Finance (Not Investing)
Topic: This is ridiculously expensive LTCi, right? Or maybe not?
Replies: 78
Views: 4230

Re: This is ridiculously expensive LTCi, right? Or maybe not?

Lifetime benefits with 4% increase per year, with no premium payments after 10 years? Sounds like a bargain, as LTCi policies go. This is very good and helpful to know. The beneficiaries are her heirs, since such a policy saves her from having to spend her assets in the event that she needs long-te...
by WillRetire
Fri Jun 22, 2018 4:23 pm
Forum: Personal Finance (Not Investing)
Topic: This is ridiculously expensive LTCi, right? Or maybe not?
Replies: 78
Views: 4230

Re: This is ridiculously expensive LTCi, right? Or maybe not?

Lifetime benefits with 4% increase per year, with no premium payments after 10 years? Sounds like a bargain, as LTCi policies go. And she is clearly financially able to finish the payments. The beneficiaries are her heirs, since such a policy saves her from having to spend her assets in the event th...
by WillRetire
Mon Jun 18, 2018 3:52 pm
Forum: Investing - Help with Personal Investments
Topic: How do folks pull retirement income out of Wellesley?
Replies: 12
Views: 2031

Re: How do folks pull retirement income out of Wellesley?

We have shares of Wellesley Income in a taxable account for just this purpose: income in retirement. The account is set up to NOT reinvest dividends and capital gain distributions; Instead, those distributions are deposited to our bank account. Our # of shares stays constant, unless/until we decide ...
by WillRetire
Thu Jun 14, 2018 1:02 pm
Forum: Personal Finance (Not Investing)
Topic: I was rear ended and the other guy wants a payout!
Replies: 106
Views: 9295

Re: I was rear ended and the other guy wants a payout!

Be sure to document the exact location of the parking space you pulled out of, and the exact location where the other vehicle hit yours. If far enough apart, that information supports your claim that you were out of the parking space and well on your way down the road before being struck. If not far...
by WillRetire
Tue Jun 12, 2018 12:54 pm
Forum: Investing - Theory, News & General
Topic: Vanguard -Data Concerns
Replies: 29
Views: 2323

Re: Vanguard -Data Concerns

I own mutual funds with multiple companies, and check the prices regularly. Some funds companies post their prices late (after 6:00PM ET). Most post before 6:00PM ET. The last price is date & time stamped. Under NO circumstances should a mutual fund company post a phony price as a placeholder to bea...
by WillRetire
Wed May 30, 2018 8:34 am
Forum: Personal Finance (Not Investing)
Topic: get sued for posting nagative online review?
Replies: 64
Views: 7066

Re: get sued for posting nagative online review?

The doctor would have been better off ignoring the bad review, or responding in a more caring & professional manner. By suing the patient, he is drawing a lot more negative publicity to himself & practice. Now EVERYONE knows about the case. It's in the newspapers. Most people don't take every online...
by WillRetire
Sat May 12, 2018 5:07 pm
Forum: Forum Issues and Administration
Topic: Found cause of posts getting lost (not posted)
Replies: 13
Views: 1257

Re: Found cause of posts getting lost (not posted)

This is a common feature of web forums. In some that have fewer but "hotter" topics, people will complain about how hard it is to post sometimes because new ones keep coming in every time you try to submit. It might take four or five tries to get one to go through. Hmmm.... that's not been my exper...
by WillRetire
Sat May 12, 2018 4:55 pm
Forum: Forum Issues and Administration
Topic: Found cause of posts getting lost (not posted)
Replies: 13
Views: 1257

Re: Found cause of posts getting lost (not posted)

Do you noticed that the short quick responses often are are the top while longer responses are further down? This because shorter responses can be entered quicker than the long ones. No, never noticed that, but it makes sense on threads that are very "live" and receiving lots of concurrent posts. I...
by WillRetire
Sat May 12, 2018 9:31 am
Forum: Forum Issues and Administration
Topic: Found cause of posts getting lost (not posted)
Replies: 13
Views: 1257

Re: Found cause of posts getting lost (not posted)

You mean if you don't pay attention and read, then some of your posts can get lost. Ahh, the challenges of designing a good UI! Even a simple one! In software design, the more things change, the more they stay the same. Good UIs, even simple ones, are a work in progress. When you click submit, a go...
by WillRetire
Sat May 12, 2018 9:15 am
Forum: Forum Issues and Administration
Topic: Found cause of posts getting lost (not posted)
Replies: 13
Views: 1257

Re: Found cause of posts getting lost (not posted)

GoldenFinch wrote: ↑
Sat May 12, 2018 8:31 am
I think the purpose is to give you a chance to rethink your post after reading the posts that were posted while you were in composition mode.
Yes, probably. Just as I stated in the last paragraph of my post above :D
by WillRetire
Sat May 12, 2018 8:21 am
Forum: Forum Issues and Administration
Topic: Found cause of posts getting lost (not posted)
Replies: 13
Views: 1257

Found cause of posts getting lost (not posted)

Several people have reported that their posts were lost, and I experienced the same thing just recently. Noticed it under the following circumstances/scenario: Typed up a reply to a thread and clicked "Submit" button. The post did not actually update the thread because someone else posted to the thr...
by WillRetire
Wed May 09, 2018 7:20 pm
Forum: Personal Consumer Issues
Topic: What's the view on dogs running free?
Replies: 110
Views: 5828

Re: What's the view on dogs running free?

Once in a while is one thing. Repeatedly, ongoing, with no end in sight, that's a different matter. Find out what the leash laws are in your city. If the same neighbor continues to violate the law, report them; anonymously if possible. If that bothers you, then talk to them first, but realize they m...
by WillRetire
Sun May 06, 2018 11:53 am
Forum: Personal Finance (Not Investing)
Topic: Does it make sense to rent as a retiree?
Replies: 83
Views: 9119

Re: Does it make sense to rent as a retiree?

We have considered this too. Decided to remain homeowners to protect home as an asset should one of us need long term care and we run out of money. Medicaid allows healthy spouse to keep home. A condo is a nice alternative to single-family house... less to maintain one's self. If single, would stron...
by WillRetire
Wed Apr 25, 2018 4:10 pm
Forum: Personal Consumer Issues
Topic: Wedding - financial burden on couple and attendees
Replies: 168
Views: 10919

Re: Wedding - financial burden on couple and attendees

... Many in the family really want to see them get married and be part of their special day, and have asked if I can talk with them about an alternative arrangement. Something close to family and not so expensive to attend. I want to take the right approach to this and am looking for advice on if I...
by WillRetire
Tue Apr 24, 2018 2:09 pm
Forum: Investing - Theory, News & General
Topic: NYT article: Everyone should hire a financial planner
Replies: 103
Views: 9782

Re: NYT article: Everyone should hire a financial planner

No matter how smart you are, it is prudent to get a check-up periodically. Circumstances change. Judgement deteriorates with age in most people. To pretend otherwise is, at best, arrogance, and at worst, dangerous. Check-in with an expert every 5 or so years. Pat yourself on the back when you find ...
by WillRetire
Tue Apr 24, 2018 10:17 am
Forum: Investing - Theory, News & General
Topic: NYT article: Everyone should hire a financial planner
Replies: 103
Views: 9782

Re: NYT article: Everyone should hire a financial planner

No matter how smart you are, it is prudent to get a check-up periodically. Circumstances change. Judgement deteriorates with age in most people. To pretend otherwise is, at best, arrogance, and at worst, dangerous. Check-in with an expert every 5 or so years. Pat yourself on the back when you find t...
by WillRetire
Mon Apr 23, 2018 7:28 am
Forum: Investing - Help with Personal Investments
Topic: Retirement Planning for Health Care Costs
Replies: 22
Views: 2246

Re: Retirement Planning for Health Care Costs

I disagree with the posts that argue there is no point to planning health costs in retirement. A plan is just that: a plan. An estimate is just that: an estimate. Make a good faith estimate, and monitor actuals. If actual expenses are consistently higher, adjust upwards. If they come down again (con...
by WillRetire
Sun Apr 22, 2018 12:03 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement Planning for Health Care Costs
Replies: 22
Views: 2246

Re: Retirement Planning for Health Care Costs

Difficult to generalize estimates pre-medicare because different people have access (or not) to different group plans, or no plans, or subsidized plans. It does get easier (to estimate) with medicare. Remember to factor in your estimates for dental & vision premiums & out-of-pocket costs, too. Since...
by WillRetire
Mon Apr 16, 2018 7:29 pm
Forum: Investing - Help with Personal Investments
Topic: Help with my mom's investments, please.
Replies: 47
Views: 4312

Re: Help with my mom's investments, please.

Much depends on your mother's financial plan and her objectives. Not all annuities are bad. A deferred annuity would incur no taxes until drawn from, could be used for long-term care, is safe from market downturns, and could be left to heirs. You mentioned the goal for this particular investment is ...
by WillRetire
Sun Apr 08, 2018 9:57 am
Forum: Personal Consumer Issues
Topic: Want/need some income in semi-retirement
Replies: 90
Views: 7037

Re: Want/need some income in semi-retirement

What about working for a real estate agent/broker? Granted, licensing is required in order to become a broker, but perhaps there are office or field jobs assisting a broker. Commissions are relatively high in a HCOL area like D.C., and so brokers may be willing to pay for an assistant to offload som...
by WillRetire
Wed Apr 04, 2018 12:37 pm
Forum: Investing - Help with Personal Investments
Topic: Estimated taxes for 2018
Replies: 18
Views: 1875

Re: Estimated taxes for 2018

Each year, I use a spreadsheet. I update the tax tables to the current year's values. Same with exemptions (0 starting in 2018). Track all deductible expenses so that I have the choice to itemize or not. I do the same for STATE income taxes. This approach comes in handy come tax time because it help...
by WillRetire
Wed Mar 28, 2018 9:32 am
Forum: Personal Finance (Not Investing)
Topic: Healthy eaters -- is this grocery budget normal to you?
Replies: 247
Views: 14342

Re: Healthy eaters -- is this grocery budget normal to you?

To answer original question, $1200/month for 2 people seems high, even for healthy & organic. Does that amount include prepared foods? Trader Joe's has a lot of prepared foods. Do you buy pre-packaged pre-washed produce? That is 2-3 x more expensive than unpackaged. Two in our household, and we cook...
by WillRetire
Sun Mar 25, 2018 9:43 am
Forum: Investing - Help with Personal Investments
Topic: Sequence of Return Risk for Retirees - Consuello Mack / WealthTrack
Replies: 18
Views: 1934

Re: Sequence of Return Risk for Retirees - Consuello Mack / WealthTrack

I found the presentation interesting, but repetitious for Bogleheads. Talks about success rates of 3 different investors using a 6% withdrawal rate during 1997, 2000, and 2003. (Wonder why they didn't use the 4% rule) This was based on a 100% s&P 500 fund. Most retirees do not have 100% S%P portfol...
by WillRetire
Fri Mar 23, 2018 8:53 am
Forum: Personal Finance (Not Investing)
Topic: Losing friends/family when wealthy
Replies: 118
Views: 10850

Re: Losing friends/family when wealthy

Where is this topic going? Relationship advice?
by WillRetire
Mon Mar 05, 2018 3:01 pm
Forum: Investing - Theory, News & General
Topic: Fidelity 401k adviser pushing my coworkers towards actively managed funds - how to find an unbiased expert?
Replies: 8
Views: 1058

Re: Fidelity 401k adviser pushing my coworkers towards actively managed funds - how to find an unbiased expert?

The guy says something along the lines of "I like to look through the equity fund options, look at the past few years returns, and split my equity allocation across a few funds that had the best growth. Then I check back once a year to see if any other funds have been doing better, and I'll switch ...
by WillRetire
Sat Feb 17, 2018 12:10 pm
Forum: Investing - Theory, News & General
Topic: I think US interest rates could drop.
Replies: 62
Views: 7295

Re: I think US interest rates could drop.

The conventional wisdom (at least what I detect) is that interest rates are on the way up, but this seems wrong to me. You are not alone in this thinking. Robert Kessler was on Wealthtrack this week. He has long been very concerned about global growth prospects and the long term effects of the trem...
by WillRetire
Mon Feb 12, 2018 9:09 am
Forum: Personal Consumer Issues
Topic: Washer/Dryer longevity ?
Replies: 69
Views: 6672

Re: Washer/Dryer longevity ?

13 years is still young. I expect a washer & dryer to last at least 20 years. Buy quality appliances, maintain them, and they will reward you with decades of service. Sometimes newer is better; Often it isn't.
by WillRetire
Wed Feb 07, 2018 2:30 pm
Forum: Investing - Theory, News & General
Topic: Why should we care about inflation?
Replies: 58
Views: 5654

Re: Why should we care about inflation?

I see all the news/economic analysis (if you can call it that, more like catastrophizing) claiming that markets are jittery because we're A) approaching full employment; b)wages are rising; c) the Fed will raise rates more quickly; and, d) borrowing becomes more expensive. Some general reactions. 1...
by WillRetire
Sun Feb 04, 2018 1:19 pm
Forum: Personal Finance (Not Investing)
Topic: CCRC advice needed [Continuing Care Retirement Community]
Replies: 28
Views: 1901

Re: CCRC advice needed [Continuing Care Retirement Community]

In my state, perhaps others as well, CCRCs are required to register with the state's bureau of life insurance and file an annual disclosure. The annual disclosures typically include occupancy rates as well as other illuminating information. Edited to add: Contact your state's bureau of insurance to ...
by WillRetire
Sat Feb 03, 2018 11:06 am
Forum: Personal Finance (Not Investing)
Topic: CCRC advice needed [Continuing Care Retirement Community]
Replies: 28
Views: 1901

Re: CCRC advice needed

You are about to sign a complex legal contract affecting: (1) your medical care for the rest of your life, (2) your housing for the rest of your life, and (3) all or most of your financial assets & income for the rest of your life. Sign NOTHING without first consulting with a good lawyer who special...
by WillRetire
Tue Jan 23, 2018 9:04 am
Forum: Personal Consumer Issues
Topic: Elder Care Issue; Non-emergency assistance
Replies: 28
Views: 1670

Re: Elder Care Issue; Non-emergency assistance

In a truly non-emergency, non-injury situation, a therapy belt is a very useful tool for helping another person get up, even someone much heavier than you. A physical therapist gave one to us to use during a long recovery. It is a belt with a clasp which can be wrapped around a person's waist and cl...
by WillRetire
Tue Jan 23, 2018 8:50 am
Forum: Personal Finance (Not Investing)
Topic: Letter from Social Security re Fraudulent Claim
Replies: 55
Views: 6002

Re: Letter from Social Security re Fraudulent Claim

If you haven't already, register for online access to www.ssa.gov This gives you online access to your SSA account, whether or not you started benefits. It gives you access to your (future) benefit letter, which you can generate any time. It will also help you determine whether someone else has reg...
by WillRetire
Mon Jan 22, 2018 7:38 pm
Forum: Personal Finance (Not Investing)
Topic: Letter from Social Security re Fraudulent Claim
Replies: 55
Views: 6002

Re: Letter from Social Security re Fraudulent Claim

UPDATE: Apologies for not seeing later post & status that you did visit SSA and began resolving problem. Great news! Still recommend registering online for reasons stated below. ___________________ If you haven't already, register for online access to www.ssa.gov This gives you online access to your...
by WillRetire
Sat Jan 20, 2018 11:48 am
Forum: Investing - Help with Personal Investments
Topic: Lost money through Bitconnect scam - learned my lesson
Replies: 94
Views: 8615

Re: Lost money through Bitconnect scam - learned my lesson

Thank you for sharing your story. Very interesting & revealing regarding crypto trading platform. You are relatively young. To quote the Rolling Stones: "Time is on [your] side" Also on the bright side, you are less likely to make a financial mistake later in life when it is much much more difficult...
by WillRetire
Fri Jan 19, 2018 10:31 am
Forum: Personal Finance (Not Investing)
Topic: What can I do to fight this ridiculous medical bill?
Replies: 86
Views: 4834

Re: What can I do to fight this ridiculous medical bill?

The photo in the original post looks like a bill from the facility, not an EOB (explanation of benefits) from the insurer. Logon to your insurance provider's web site and review the bills in full. Make sure that the "patient's responsibility" amount matches the amount the facility says you owe. It m...
by WillRetire
Sun Jan 14, 2018 4:03 pm
Forum: Investing - Help with Personal Investments
Topic: Roll SGENX to Thrift Savings
Replies: 15
Views: 834

Re: Roll SGENX to Thrift Savings

Good morning. Is there any benefit to rolling my First Eagle SGENX traditional IRA over to my TSP? I do not have much in either place and only $11,000 in the SGENX. The fee seems quite low to me to keep it there, $15 a year. I don't think it is really diversification if they are both IRA type accou...
by WillRetire
Tue Jan 09, 2018 12:52 pm
Forum: Forum Issues and Administration
Topic: Help me understand question-less financial status (e.g. "2 comma club") threads.
Replies: 175
Views: 11721

Re: Help me understand question-less financial status (e.g. "2 comma club") threads.

I prefer to see these question-less posts in a separate category. Many seem like phishing or market research polling, and as such, should be labeled. Adding to my post: Action-less threads are NOT easy to ignore unless labeled. Also, some threads have subjects that sound like action-less, and it is...
by WillRetire
Tue Jan 09, 2018 10:47 am
Forum: Forum Issues and Administration
Topic: Help me understand question-less financial status (e.g. "2 comma club") threads.
Replies: 175
Views: 11721

Re: Help me understand question-less financial status (e.g. "2 comma club") threads.

I prefer to see these question-less posts in a separate category. Many seem like phishing or market research polling, and as such, should be labeled.
by WillRetire
Wed Dec 27, 2017 9:46 am
Forum: Investing - Help with Personal Investments
Topic: Questions on Health Savings Account
Replies: 4
Views: 845

Re: Questions on Health Savings Account

Are the monthly payments consider 'medical expenses' when it comes to filing taxes. So that I could declare 6K as medical expenses on my 1040? The 'monthly payments' to which I refer are the insurance premiums. So, if I understand you correctly, insurance premiums are not deductible in one's tax pa...
by WillRetire
Mon Dec 25, 2017 5:23 pm
Forum: Investing - Theory, News & General
Topic: Inflation can cream bonds VBTLX vs VSCSX
Replies: 42
Views: 4167

Re: Inflation can cream bonds VBTLX vs VSCSX

OP: Higher inflation generally coexists with higher interest rates, and when interest rates rise, it often spooks the stock market because investors have a safer place (e.g. CDs, money markets) to earn a decent rate of return. Yes, over the long run, stocks beat inflation whereas CDs don't. But whil...
by WillRetire
Mon Dec 18, 2017 11:17 am
Forum: Personal Finance (Not Investing)
Topic: HSA contributions for 1 spouse
Replies: 3
Views: 410

Re: HSA contributions for 1 spouse

Did more reading of IRS publication 969. Unfortunately, there is an HRA in the picture. Medicare spouse has an HRA which is very flexible: can be used to reimburse any/all out-of-pocket medical expenses for self & spouse. I believe this disqualifies non-medicare spouse from being able to contribute ...
by WillRetire
Mon Dec 18, 2017 11:12 am
Forum: Personal Finance (Not Investing)
Topic: HSA contributions for 1 spouse
Replies: 3
Views: 410

Re: HSA contributions for 1 spouse

HSA contributions have the advantage of coming out very early in the tax process, off of income, and so they don't get tangled in all the deduction limitations etc. By reducing AGI, they help with certain AGI-based costs (IRMAA, potentially ACA) as well as income tax due. You amounts look correct. ...
by WillRetire
Sun Dec 17, 2017 12:19 pm
Forum: Personal Finance (Not Investing)
Topic: HSA contributions for 1 spouse
Replies: 3
Views: 410

HSA contributions for 1 spouse

Non-medicare person over age 55 is considering an HSA health plan for 2018. Question: Is the $4450 fully deductible? Seems like it is, based on my reading of 2017 form 8889, but want to be sure. (2018 form 8889 is not out yet, but hopefully it will be similar to 2017's form except for the allowable ...
by WillRetire
Fri Dec 08, 2017 5:16 pm
Forum: Personal Finance (Not Investing)
Topic: QUESTION ANSWERED NO HELP NEEDED - mortgage escrow payment added to principal balance and charged interest each month
Replies: 18
Views: 899

Re: mortgage escrow payment added to principal balance and charged interest each month

If $2000 is your total monthly payment including $450 escrow, then your *real* monthly payment for the mortgage itself is $1550. Of that $1550 payment against $100,000: $322.92 is interest, $1227.08 is principal. New loan balance = $98,772.92. Next payment of $1550+escrow: $318.95 is interest, $1231...