Search found 363 matches

by Beehave
Fri Dec 07, 2018 4:21 pm
Forum: Investing - Help with Personal Investments
Topic: Pension Lump Sum rollover / distribution / taxes
Replies: 1
Views: 150

Re: Pension Lump Sum rollover / distribution / taxes

Regarding Vanguard vs. Fidelity, my personal experience is that they are both generally fine, but where they do differ it's when Fidelity is sales-oriented and Vanguard is customer-oriented. In other words, my personal experience is that both are good but Vanguard is more trustworthy. Regarding 401k...
by Beehave
Fri Dec 07, 2018 3:01 pm
Forum: Investing - Help with Personal Investments
Topic: Stressed/Job loss/Retirement possible?
Replies: 34
Views: 3952

Re: Stressed/Job loss/Retirement possible?

Sorry about your job losses. This happened to me, but I was older at the time and within retirement range - - just premature for me. I wanted to continue in my field, but despite a very solid resume and interviews at top organizations and companies - - no job. Posts above have very good suggestions....
by Beehave
Thu Dec 06, 2018 2:25 pm
Forum: Investing - Help with Personal Investments
Topic: Solid my entire portfolio 12/3/18
Replies: 49
Views: 8423

Re: Solid my entire portfolio 12/3/18

What a perfect time to go back into the market! With all of the uncertainties about trade wars, geopolitical strife, and inflation/deflation it is the ideal time to get a realistic grip on your risk tolerance and put in place an allocation plan to stick with. Tomorrow all could be rosy on these fron...
by Beehave
Fri Nov 30, 2018 10:00 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 3068
Views: 599526

Re: What's Your Credit Card Rewards Strategy?

Goal: outstanding, trustworthy customer service. Strategy: Use Amex whenever possible. American Express is immediately and full-bore onto protecting your interests in cases of: - fraudulent use or loss of card - theft of item purchased with Amex card - rental car damage I prefer to do business with ...
by Beehave
Thu Nov 29, 2018 10:12 pm
Forum: Personal Consumer Issues
Topic: Tipping lawn service and trash pickup
Replies: 48
Views: 4121

Re: Tipping lawn service and trash pickup

No beer. Give a tip of cash or if you're around when they come by some bottled water or a Bai drink. Repeat - - no beer!
by Beehave
Sat Nov 24, 2018 10:10 pm
Forum: Personal Consumer Issues
Topic: Car advice - new attending - what to buy?
Replies: 37
Views: 3738

Re: Car advice - new attending - what to buy?

2018 Camry/Accord are brand new models so I would get an older one if you're looking to save and have a bulletproof reliable car. The safety items on The 2018 Camry are great. I have 2018 Camry and lve those features. +1 You want solid reliability and good fuel mileage - - get a Camry with plain ga...
by Beehave
Sun Nov 18, 2018 11:19 am
Forum: Personal Finance (Not Investing)
Topic: Is my husband ready to quit tenured professorship to pursue side hustle?
Replies: 97
Views: 10384

Re: Is my husband ready to quit tenured professorship to pursue side hustle?

Maybe I missed it - - I did not see a pension for your husband which makes me think that the less risky path (keep on teaching) going forward is the better one. Also, if his parent is going to start making annual gifts of over $1K/month, does that mean there's a large inheritance expected in the fut...
by Beehave
Thu Nov 15, 2018 4:35 pm
Forum: Personal Finance (Not Investing)
Topic: annuity with true COLA built in
Replies: 28
Views: 2042

Re: annuity with true COLA built in

Delaying Social Security until you are 70 to get a larger benefit amount is in effect buying an inflation adjusted annuity. I made it to 69.5 before filing. How am I doing. You're doing fine. The last months before age 70 are the most expensive ones to delay. So it can make perfect sense to delay b...
by Beehave
Wed Nov 14, 2018 1:36 pm
Forum: Investing - Theory, News & General
Topic: Annuities
Replies: 26
Views: 3067

Re: Annuities

The VERY short answer, based on experience: An annuity (or pension) with guaranteed monthly income is a VERY nice thing to have in retirement, especially if you have other assets that have potential to grow (keep up with inflation) over time. Best wishes. OK, I feel compelled to add why - - the mont...
by Beehave
Tue Nov 13, 2018 3:28 pm
Forum: Investing - Help with Personal Investments
Topic: Need to invest $100k to bring my asset allocation back in line
Replies: 8
Views: 1521

Re: Need to invest $100k to bring my asset allocation back in line

Being comfortable with your asset allocation should include a proviso about being comfortable with your reallocation strategy. If investing $100,000 in a lump sum makes you uncomfortable, then do not do it. My advice = take whatever is the amount of time to reallocate cash into the market (rebalance...
by Beehave
Tue Nov 13, 2018 2:42 pm
Forum: Personal Consumer Issues
Topic: tipping for grocery delivery
Replies: 53
Views: 4086

Re: tipping for grocery delivery

I just opened a "How was your order on (date)?" email from the grocer/instacart. No place for a comment, or even a fill in dot range. There is a bullet list and a list of 5 tip options: none (checked) to other. Add tip 100% of tips go to your delivery person Tips are always optional You can change ...
by Beehave
Tue Nov 13, 2018 11:20 am
Forum: Personal Consumer Issues
Topic: tipping for grocery delivery
Replies: 53
Views: 4086

Re: tipping for grocery delivery

The people working at delivery and at other low-paying jobs are usually trying hard and providing you with a service at wages that are at best very difficult and often impossible to live on. If you can afford it, show some respect for the working poor whose low wages are subsidizing your comfort at ...
by Beehave
Wed Nov 07, 2018 11:59 pm
Forum: Personal Finance (Not Investing)
Topic: New job concerns
Replies: 52
Views: 5466

Re: New job concerns

Just an opinion based on what it looks like to me -- which may not at all be what it actually is. There's staff in place that stays late. Two members just quit or were fired or retired. That places more stress on the team. The manager is presumably under stress too. The perception of a newbie waltzi...
by Beehave
Sat Nov 03, 2018 10:16 am
Forum: Personal Consumer Issues
Topic: Post FiRE job...teaching??
Replies: 33
Views: 3972

Re: Post FiRE job...teaching??

Community college pay for adjunct (part-time) instructors is very low - - about $2000 per 3-credit course give or take $200 to $300 depending on area. The CCs are very mindful of accreditation. Normally this means instructors must have at least a master's degree, usually in the subject to be taught,...
by Beehave
Fri Nov 02, 2018 1:51 pm
Forum: Investing - Help with Personal Investments
Topic: Estimating SS benefits between FRA and age 70
Replies: 10
Views: 874

Re: Estimating SS benefits between FRA and age 70

Thanks. Ace hit the nail on the head. I want to figure out roughly what changes as I wait month by month after FRA. Guess I'll make a quick spreadsheet. What your spreadsheet will show you is that each month that you delay: (1) you get the same amount of increase (2) you pay (i.e., give up) more fo...
by Beehave
Tue Oct 30, 2018 9:01 am
Forum: Personal Finance (Not Investing)
Topic: Lump Sum Vs Annuity for Severance Pension
Replies: 15
Views: 1420

Re: Lump Sum Vs Annuity for Severance Pension

Steady monthly income in retirement is very, very highly desirable. My suggestion regarding the pension is to annuitize. Either take the annuity in full, or consider diversifying into the annuity by taking the 1/2 lump, 1/2 annuity offer now and then investing the remainder of the lump sum into an a...
by Beehave
Wed Oct 24, 2018 10:21 pm
Forum: Investing - Help with Personal Investments
Topic: Reaction to Market
Replies: 71
Views: 7689

Re: Reaction to Market

I'm not sure I'm credentialed to be the defender of "the Philosophy" for "the Organization," but here's my take: The "Philosophy" of the "Organization" is: (1) Set an allocation ratio of riskier to less risky assets that meets your risk-tolerance level. (2) Rebalance when the ratio gets out of whack...
by Beehave
Mon Oct 22, 2018 10:40 pm
Forum: Personal Finance (Not Investing)
Topic: Empty nester downsizing - any advice?
Replies: 57
Views: 6688

Re: Empty nester downsizing - any advice?

Two possible concerns come to mind. (1) Moving away from family (possibly to be in a nicer climate). (2) Renting into the jaws of an inflation which catches you, as a renter, by surprise. You may miss your family and you may get priced out of a home. If these are not a concern, renting might be a gr...
by Beehave
Mon Oct 22, 2018 8:15 am
Forum: Personal Finance (Not Investing)
Topic: Federal taxes in retirement
Replies: 25
Views: 2492

Re: Federal taxes in retirement

Every assumption you make now about future taxes and income could end up needing revision. Therefore, I'd suggest doing all you can to maximize income and savings rather than focus on current tax policies. Retirement can be long. Stability of policies and promises can be short. The one tax-oriented ...
by Beehave
Fri Oct 19, 2018 10:41 pm
Forum: Personal Consumer Issues
Topic: Cross-country trip via Amtrak
Replies: 58
Views: 5684

Re: Cross-country trip via Amtrak

Did this one way at age 9 many, many years ago (NYC to SF). Family had intended to round-trip it by rail but we cancelled the return portion by rail and flew back. My suggestion would be (for west to east) go by train from the Pacific through the Rockies. From the Plains to the East Coast, fly. It's...
by Beehave
Wed Oct 17, 2018 10:01 pm
Forum: Personal Consumer Issues
Topic: Best way to complain about Hertz bait-and-switch?
Replies: 58
Views: 6085

Re: Best way to complain about Hertz bait-and-switch?

I've rented from Hertz for years. Most cases are okay and as advertised. A few are blood-boiling. A few have great extra perks tossed in. My personal experience has been that the only effective complaining is if you happen to be successful right on the spot. My experience (emphasis on my ) is that w...
by Beehave
Sun Oct 14, 2018 6:30 pm
Forum: Investing - Help with Personal Investments
Topic: Have you annuitized some of your money?
Replies: 67
Views: 5884

Re: Have you annuitized some of your money?

If I were to purchase an annuity, my chief concerns would be future inflation and future ability of the insurer to pay. For these reasons, I probably would not buy an annuity, I'd probably buy more than one spread among different insurers and purchased some time apart from each other in hopes of re...
by Beehave
Sun Oct 14, 2018 6:11 pm
Forum: Investing - Theory, News & General
Topic: Is EMH a tautology?
Replies: 108
Views: 4946

Re: Is EMH a tautology?

The Efficient Market Hypothesis (EMH) is an investment theory whereby share prices reflect all information and consistent alpha generation is impossible. (Investopedia) I'm not sure what "all information" even means. If "all information" includes the sum of facts and emotions and beliefs of all mark...
by Beehave
Sun Oct 14, 2018 11:22 am
Forum: Investing - Help with Personal Investments
Topic: Have you annuitized some of your money?
Replies: 67
Views: 5884

Re: Have you annuitized some of your money?

If I were to purchase an annuity, my chief concerns would be future inflation and future ability of the insurer to pay. For these reasons, I probably would not buy an annuity, I'd probably buy more than one spread among different insurers and purchased some time apart from each other in hopes of red...
by Beehave
Mon Oct 08, 2018 10:05 am
Forum: Investing - Help with Personal Investments
Topic: Sell 5-10% of equities to re-balance into bonds?
Replies: 14
Views: 1099

Re: Sell 5-10% of equities to re-balance into bonds?

I think you have just discovered that deep-down you are not comfortable at 90-10. You should therefore lower your stock allocation to a point at which you do feel comfortable. Once you have done this, 90-10 should be off the table in the future - - the discomfort you feel now should become a lesson-...
by Beehave
Fri Oct 05, 2018 5:38 pm
Forum: Investing - Theory, News & General
Topic: Jack's Wisdom: What's next for the market and what to do about it
Replies: 8
Views: 1152

Re: Jack's Wisdom: What's next for the market and what to do about it

If "nobody knows nuthin'" refers to knowledge concerning the near-term performance of stocks, it makes pretty good sense. If it refers to knowledge concerning current debt-levels of governments, corporations, and individuals it is not true. It may well be that what Jack Bogle is expressing is what m...
by Beehave
Fri Oct 05, 2018 5:23 pm
Forum: Investing - Theory, News & General
Topic: Allan Roth doesn't like single premium annuities
Replies: 198
Views: 11060

Re: Alan Roth doesn't like single premium annuities

"The buyer has maximum exposure to inflation risk." True. Add onto that, the buyer takes on the risk of the insolvency of the seller. On the other hand, that seller is taking on longevity risk and has exposure to deflation. As with other purchases, it's a very good idea to know what you are buying a...
by Beehave
Tue Oct 02, 2018 6:24 pm
Forum: Investing - Help with Personal Investments
Topic: Entering Late In Life
Replies: 21
Views: 2386

Re: Entering Late In Life

Based on the "AKLady" name, I'm assuming that OP lives in Alaska and probably in one of the two largest cities there. If that's a good guess then read on. If not, there's probably no reason to. A quick Zillow and Realtor.com search seems to show the following: Approx purchase cost for a 1 bedroom co...
by Beehave
Tue Oct 02, 2018 11:59 am
Forum: Personal Consumer Issues
Topic: Tipping
Replies: 55
Views: 4062

Re: Tipping

I think your tipping policy is reasonable. If the "owner of the business" did not want the tip she wouldn't accept it. And once you started, it would be awkward to stop. I am thankful to be able to tip for services I receive and happy for the good-will it usually engenders (and on the practical leve...
by Beehave
Tue Oct 02, 2018 10:03 am
Forum: Personal Finance (Not Investing)
Topic: Pension plan choice of annuity or cash payout
Replies: 27
Views: 2878

Re: Pension plan choice of annuity or cash payout

To answer with any hope of specificity would require knowing much more - - at a minimum these three things: (1) Is the pension-plan's funding stable? (2) At what ages do each member of the couple plan (want or need) to retire? (3) What is the investment risk tolerance level of the couple (do they ev...
by Beehave
Mon Oct 01, 2018 5:27 pm
Forum: Investing - Help with Personal Investments
Topic: Let's talk pensions
Replies: 18
Views: 2699

Re: Let's talk pensions

My thoughts in case they'll be helpful. (1) It's very smart to pay off the student loan aggressively. (2) It's very good to have a cash-balance plan, a pre-tax 401k, and also Roth IRAs for yourself and spouse. - - We can't know what the tax rates and policies will be in the future so the diversity i...
by Beehave
Mon Oct 01, 2018 12:57 pm
Forum: Personal Finance (Not Investing)
Topic: Suze Orman - "I hate the FIRE movement."
Replies: 75
Views: 9667

Re: Suze Orman - "I hate the FIRE movement."

Suze Orman's message appears to be:

You may need more (possibly much more) for retirement than you think because of forces outside of your control.
Therefore you should work longer and spend less, which are two things you can control.
by Beehave
Fri Sep 28, 2018 9:44 am
Forum: Personal Finance (Not Investing)
Topic: SS 2019 COLA could be close to 3%
Replies: 55
Views: 6082

Re: SS 2019 COLA could be close to 3%

The benefits of delaying accrue month-by-month. <snip> Advice not based on the understanding of how benefits accrue month-by month cannot provide a clear view of the costs and benefits of taking or delaying at any time. Yes, the DRC (delayed retirement credits) accrue month-by-month, but your actua...
by Beehave
Fri Sep 28, 2018 9:04 am
Forum: Personal Finance (Not Investing)
Topic: Public Student Loan Forgiveness Program Rejects 99% of Applicants
Replies: 27
Views: 2508

Re: Public Student Loan Forgiveness Program Rejects 99% of Applicants

The program should not have been created in the first place. If you take out a student loan, expect to pay it back. People should not expect to get a free college education. I agree. You can get a PhD in French Literature and get a job as a park ranger and the taxpayers are on the hook for your loa...
by Beehave
Thu Sep 27, 2018 11:20 pm
Forum: Investing - Help with Personal Investments
Topic: Pension vs 401k, help
Replies: 31
Views: 2174

Re: Pension vs 401k, help

My observations and suggestions: (1) Be careful in moving from a state job to corporate life. The mutual-loyalty relationship in corporations between employer and employee that often existed in the past (that your parents probably knew) started dying-off around 25 years ago and is rare today. The se...
by Beehave
Thu Sep 27, 2018 10:10 pm
Forum: Personal Finance (Not Investing)
Topic: SS 2019 COLA could be close to 3%
Replies: 55
Views: 6082

Re: SS 2019 COLA could be close to 3%

If you take in December, you get $2000 in December, and then $2060 from January on. If you take in Jan you get zero in December and then 2073.33 from January on. If you take in February you get zero in December, zero in January, and then 2087.06 a month from February on. I think that this is not co...
by Beehave
Thu Sep 27, 2018 9:54 pm
Forum: Personal Finance (Not Investing)
Topic: How to handle $500 rental car damage with CC insurance
Replies: 14
Views: 2058

Re: How to handle $500 rental car damage with CC insurance

If you involve AMEX, they will expect you to produce your auto insurance. That's so they can determine your deductible. They will cover up to the deductible. If there is a cost beyond that, it's up to you either to pay out of pocket or make an insurance claim. I think you may be thinking about regu...
by Beehave
Wed Sep 26, 2018 11:28 pm
Forum: Personal Finance (Not Investing)
Topic: How to handle $500 rental car damage with CC insurance
Replies: 14
Views: 2058

Re: How to handle $500 rental car damage with CC insurance

If you involve AMEX, they will expect you to produce your auto insurance. That's so they can determine your deductible. They will cover up to the deductible. If there is a cost beyond that, it's up to you either to pay out of pocket or make an insurance claim. AMEX will not ding you for the accident...
by Beehave
Wed Sep 26, 2018 12:49 am
Forum: Investing - Help with Personal Investments
Topic: New, and trying to learn about 3 fund portfolio and more retirement issues
Replies: 35
Views: 2052

Re: New, and trying to learn about 3 fund portfolio and more retirement issues

My suggestions would be: 1. Use balanced funds in your retirement portfolio (such as target date or, if available, Life Strategy asset allocation funds). Convince yourself that when the fund rebalances you are selling high and buying low - - so no more "bad luck." Just keep contributing. Also a bala...
by Beehave
Tue Sep 25, 2018 2:01 pm
Forum: Personal Finance (Not Investing)
Topic: What do folks use for long-term forecasting of their personal finances?
Replies: 24
Views: 2551

Re: What do folks use for long-term forecasting of their personal finances?

I made a custom Social Security claiming spreadsheet. It showed optimum claiming at age 68. Then I waited until 70 anyway. I use the back of an envelope or long yellow sheets and longhand arithmetic and algebra or a calculator for asset allocation and long-term planning. This is a personal preferenc...
by Beehave
Wed Sep 12, 2018 10:09 pm
Forum: Personal Consumer Issues
Topic: Outback, Legacy, Camry Hybrid
Replies: 14
Views: 850

Re: Outback, Legacy, Camry Hybrid

I own a 2015 Camry hybrid XLE and a 2015 Camry (gas engine) LE. I do not have much experience with Subarus. I have a friends with Outback and Forester and they like them, and I like my Camrys. A couple of years ago I researched the Legacy and as I recall it was one of the cars cited by IIHS as havin...
by Beehave
Wed Sep 12, 2018 12:58 pm
Forum: Personal Finance (Not Investing)
Topic: Massive Student Loan Debt - Fiancee
Replies: 108
Views: 10533

Re: Massive Student Loan Debt - Fiancee

My opinion: You need to sit together and discuss and come to agreement on a financial plan going forward. If you can both agree, then take the march down the aisle. Here's a hypothetical plan. Assuming you both earn about $45k per year and that you both can live on your salary, devoting $30k per yea...
by Beehave
Wed Sep 12, 2018 10:03 am
Forum: Investing - Theory, News & General
Topic: Argument for taking social security before 70. Comments?
Replies: 134
Views: 10378

Re: Argument for taking social security before 70. Comments?

Why assume a positive market result between the time you are 66 and 70? I wonder what the spreadsheet results were for a return of minus two percent? I'll bet delaying looked mighty good. How about a market loss greater than 10% with mixed with some added inflation? That delayed benefit might start ...
by Beehave
Wed Sep 12, 2018 12:57 am
Forum: Personal Finance (Not Investing)
Topic: 401k money missing
Replies: 40
Views: 5588

Re: 401k money missing

Maybe 401k is company stock purchased and credited periodically? Some ESPPs work on time periods to give the employee a lower purchase price. Maybe this is a company stock-only 401K that does something similar to these types of ESPPs?
by Beehave
Tue Sep 11, 2018 9:58 am
Forum: Personal Finance (Not Investing)
Topic: Anyone else not save for cars?
Replies: 113
Views: 10386

Re: Anyone else not save for cars?

It's true that the zero or near-zero percent loans are appealing. However, there is another side to the story. Walking into a buying situation in which you say "I have cash in hand and will buy today" facilitates getting an excellent deal in which you dictate the terms.
by Beehave
Mon Sep 10, 2018 10:44 am
Forum: Personal Finance (Not Investing)
Topic: My daughter's inheritance.
Replies: 64
Views: 9020

Re: My daughter's inheritance.

A wealth adviser at a bank will probably put her in things she shouldn’t be in. My friend is 64 years old and the bank tried to convince her to purchase whole life insurance. The only place to go where she won’t get taken advantage of is Vanguard Personal Advisory service. They are not getting comm...
by Beehave
Sun Sep 09, 2018 7:05 pm
Forum: Investing - Theory, News & General
Topic: 3 fund portfolio with Money Market instead of Bonds
Replies: 26
Views: 2933

Re: 3 fund portfolio with Money Market instead of Bonds

OP - - It sounds as if you have a very long-term horizon, which makes me think you are still young or relatively young and are still earning income. Usually, younger folks have aggressive allocations which, over time, they pare down to moderate or conservative allocations. You seem to want to do the...
by Beehave
Sun Sep 09, 2018 5:30 pm
Forum: Personal Finance (Not Investing)
Topic: $250,000 family loan to parents?
Replies: 50
Views: 4685

Re: $250,000 family loan to parents?

Regarding the idea of OP gifting a substantial sum to parents and the parents subsequently gifting it back, beware of the Medicaid 5 year lookback on gifts. I'd avoid the gifting method, unless the transfer is intended as a permanent gift. I agree with the spirit of the responses that indicate that ...
by Beehave
Sun Sep 09, 2018 3:02 pm
Forum: Investing - Help with Personal Investments
Topic: Equities verses Annuities
Replies: 7
Views: 1110

Re: Equities verses Annuities

Whether it would be most prudent to get an annuity or shift the ratios of stocks to cash and bonds to be more aggressive or take some other path really depends on current and future income and expense expectations. You mention $1300 monthly income from pension and SS. And you also mention $1300 in m...
by Beehave
Sat Sep 08, 2018 11:15 pm
Forum: Investing - Help with Personal Investments
Topic: Should I choose Roth 401K because of SS tax?
Replies: 8
Views: 960

Re: Should I choose Roth 401K because of SS tax?

It is very possible that brackets and limits and policies for taxation and Medicare payments will change over time, and in ways we cannot now predict. I'd recommend diversifying not only in asset holdings, but also in pre-versus post-tax savings. For example, if income tax rates were to increase in ...