Search found 292 matches

by Monster99
Tue May 26, 2020 5:59 pm
Forum: Personal Investments
Topic: Any retirees get through Covid crisis without large cash reserve?
Replies: 63
Views: 4217

Re: Any retirees get through Covid crisis without large cash reserve?

CD ladder of about 1 year expenses that roll over at 6 month intervals and the dividends and capital gains from taxable accounts to the sweep fund to be spent.
by Monster99
Tue May 26, 2020 5:31 pm
Forum: Personal Investments
Topic: Any retirees get through Covid crisis without large cash reserve?
Replies: 63
Views: 4217

Re: Any retirees get through Covid crisis without large cash reserve?

jrbdmb wrote:
Tue May 26, 2020 4:58 pm
JoelT1 wrote:
Tue May 26, 2020 3:25 pm
As the dust begins to settle on the Covid pandemic ...
I think it is premature to make any conclusions about the lessons from the Covid pandemic. This ain't over yet.
+1
The pandemic is near the end of the begining - and is a long way from over....
by Monster99
Tue May 26, 2020 7:37 am
Forum: Personal Investments
Topic: Which balance fund in taxable acct for 10% tax bracket?
Replies: 11
Views: 914

Re: Which balance fund in taxable acct for 10% tax bracket?

Wellington throws off a quite a bit of capital gains compared to the balanced fund - I have both and am retired, so I use the gains and dividends as part of my withdrawal from my accounts.
by Monster99
Sun May 24, 2020 6:34 pm
Forum: Personal Finance (Not Investing)
Topic: My Social Security login problem
Replies: 16
Views: 1923

Re: My Social Security login problem

Both my and the wife's credit is frozen and I have the 16 digit codes for unlocking but could not even get the Equifax site to get to the point to unlock when the DW was signing up for Medicare. Ended up having to make an appointment and go to the office. After we returned from the SSA office I got ...
by Monster99
Sun May 24, 2020 6:18 pm
Forum: Personal Finance (Not Investing)
Topic: Something Fishy Here?? [CARES payment received via prepaid Visa]
Replies: 66
Views: 6624

Re: Something Fishy Here?? [CARES payment received via prepaid Visa]

DW has a different last name and the check has both of our names (correctly spelled) with the total amount for both of us....
by Monster99
Sun May 24, 2020 7:17 am
Forum: Personal Investments
Topic: Has anyone ever used their Emergency Fund?
Replies: 92
Views: 7141

Re: Has anyone ever used their Emergency Fund?

Retired - no mortgage. Had a flood in the upstairs bathroom that was repaired on a weekend, so needed to pay before the insurance check arrived. Then the DW thinks that it is a good time to remodel the upstairs bath, so it is nice to have a cash cushion when the demo guy says " wow, I wonder why the...
by Monster99
Wed May 20, 2020 10:34 am
Forum: Personal Investments
Topic: Change on dividend deposits being rounded down by broker?
Replies: 8
Views: 692

Re: Change on dividend deposits being rounded down by broker?

Sometimes brokers deal with whole shares - if the div. amount is less than $1, they may carry over to the next time there is activity and then credited. Just a thought.... best to ask your broker.
by Monster99
Fri May 08, 2020 3:36 pm
Forum: Personal Investments
Topic: What Happens To Stock Price When Company Has Bankruptcy Filing?
Replies: 10
Views: 1362

Re: What Happens To Stock Price When Company Has Bankruptcy Filing?

In 2009 GM filed for bankruptcy and the stock was invalidated - shareholders were left holding worthless stock.... then the company issued new stock.
by Monster99
Thu May 07, 2020 11:39 am
Forum: Personal Finance (Not Investing)
Topic: Choosing not to correct all billing/financial errors
Replies: 68
Views: 4592

Re: Choosing not to correct all billing/financial errors

Call them on it - think about a company (say, Chase bank with 25 million customers) that has $0.02 "error" every month ... only about half a million bucks a month...☺
by Monster99
Thu Apr 02, 2020 6:05 pm
Forum: Investing - Theory, News & General
Topic: The lost era of the 1960's to early 1980's. How did investing work and not work back then?
Replies: 25
Views: 2402

Re: The lost era of the 1960's to early 1980's. How did investing work and not work back then?

I remember high interest rates, and high commissions. I had my uncle who traded ag commodities at the time buy me a newly listed stock in a startup company called - Microsoft 😀. Had to buy 100 shares and it cost about $75 commission. I invested my entire retirement fund from my previous job of aroun...
by Monster99
Thu Apr 02, 2020 7:37 am
Forum: Personal Investments
Topic: wire funds from VG account
Replies: 5
Views: 377

Re: wire funds from VG account

I ACH to my bank and then wire or get a cashier check. I may transfer accounts to Schwab as they have a local office within 4 miles of my house and Vanguard is online only.
by Monster99
Sat Mar 28, 2020 8:38 pm
Forum: Personal Consumer Issues
Topic: Need a cheaper cell phone plan
Replies: 56
Views: 4450

Re: Need a cheaper cell phone plan

I have a Tracfone Samsung phone and it works fine - about $118 for a year of 1. 25 g of data, 1250 min of talk and 1250 text. 5 bucks for each 1000 text. I think they even now are selling cheap monthly plans....
by Monster99
Tue Mar 10, 2020 10:43 am
Forum: Personal Finance (Not Investing)
Topic: Timing of SS claiming in a down market
Replies: 21
Views: 1650

Re: Timing of SS claiming in a down market

I tend to think that 39,000,000 deaths from a pandemic may have an adverse effect on the economic outlook for the world....
by Monster99
Mon Mar 09, 2020 8:49 am
Forum: Personal Investments
Topic: Vanguard "holding level" vs. "account level" dividends and capital gains elections
Replies: 2
Views: 194

Re: Vanguard "holding level" vs. "account level" dividends and capital gains elections

If you add money to an existing position, the selection will be what you have selected. If you add a new fund you will need to select your wish for the new fund. If you have a individual stock that changes its name or ticker, you will need to re-select your option.
by Monster99
Sat Mar 07, 2020 12:15 pm
Forum: Personal Investments
Topic: Living off dividends in retirement?
Replies: 106
Views: 8036

Re: Living off dividends in retirement?

if you have pension income and SS income I would rather take the money in capital gains and pay the tax when I need to, rather than to have a quarterly distribution that I pay tax on even if I don't need the money....
by Monster99
Sat Mar 07, 2020 12:10 pm
Forum: Personal Investments
Topic: Rebalancing bands - your experience
Replies: 25
Views: 1175

Re: Rebalancing bands - your experience

My AA is 35/62/3 (S/B/C) and I rebalance at +/- 5%. I am retired so the cash is for a buffer for interesting times like the last few weeks. :D If stocks hit -20% I may deploy some cash to rebalance but I don't like to try to time the market as that usually fails.....
by Monster99
Thu Mar 05, 2020 9:23 am
Forum: Personal Investments
Topic: Taxable accounts
Replies: 5
Views: 721

Re: Taxable accounts

When I was in accumulation mode (working), my order of investing was - 401k to the match, roth to the max and then 401k to the max. As my income increased any excess went into a vanguard S&P 500 fund.
by Monster99
Tue Feb 25, 2020 8:12 am
Forum: Personal Finance (Not Investing)
Topic: How quickly did you receive your 2019 tax refund?
Replies: 111
Views: 8258

Re: How quickly did you receive your 2019 tax refund?

I am getting a refund this year - usually owe but I forgot that you get an extra deduction for over 65 (DW hit 65 in late November). 103 bucks! Whoo hoo!
by Monster99
Tue Feb 25, 2020 7:43 am
Forum: Personal Finance (Not Investing)
Topic: Post Divorce Business Sale Sharing, Reality Check
Replies: 29
Views: 3089

Re: Post Divorce Business Sale Sharing, Reality Check

KneadingWater wrote:
Mon Feb 24, 2020 10:54 pm
Mrs BDG

ES is well off, but past 5 years have been likely better for me. ES provides most emotional support for daughter, both of us financial.

Thanks.

Ps
How do i delete a thread? Lol
PM one of the moderators - they may be able to delete the thread....
by Monster99
Sun Feb 23, 2020 10:17 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard 1099-DIV [Help with tax return]
Replies: 5
Views: 664

Re: Vanguard 1099-DIV

I use HRBlock and just split the entries into the individual funds. Figuring the percent for each fund then adding up the totals takes about the same time as splitting out, so a wash in the end....
by Monster99
Sun Feb 23, 2020 7:11 am
Forum: Personal Finance (Not Investing)
Topic: Social Security reduction and breakeven
Replies: 67
Views: 5515

Re: Social Security reduction and breakeven

My pension only makes my SS taxable - does not seem to make a difference to when the break even date occurs.
by Monster99
Sun Feb 23, 2020 7:01 am
Forum: Investing - Theory, News & General
Topic: Is the market media over-reacting to coronavirus?
Replies: 71
Views: 4820

Re: Is the market media over-reacting to coronavirus?

The cost in human suffering and death will be high - a novel virus in a population with no group immunity will spread fast. The secondary effects will flood the healthcare system with patients with a vaccine about a year away. Think tent cities and quarantined people similar to the 1918 pandemic.
by Monster99
Sat Feb 22, 2020 7:00 am
Forum: Personal Finance (Not Investing)
Topic: Social Security reduction and breakeven
Replies: 67
Views: 5515

Re: Social Security reduction and breakeven

Most of the calculators seem to not take the opportunity cost and investment compounding into the equations. I am not even sure if it is a valid way to do it. Any calculator that does a present value calculation (e.g., Open Social Security or Maximize My Social Security) accounts for that. Thanks f...
by Monster99
Fri Feb 21, 2020 8:11 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security reduction and breakeven
Replies: 67
Views: 5515

Re: Social Security reduction and breakeven

Do the break even calculators take opportunity cost (could invest the SS into Tips)? Also the compounding effect of Tips 6 month interest payments? Just curious as my current thought is to wait until 70, mostly for my DW. My calculations using the treasury rates put my break even at around 85 years...
by Monster99
Fri Feb 21, 2020 9:05 am
Forum: Personal Finance (Not Investing)
Topic: Social Security reduction and breakeven
Replies: 67
Views: 5515

Re: Social Security reduction and breakeven

Maybe it is just me but I never looked at SS with a break even analysis. If you are married and in good health and can afford to fund the wait to collect Social Security at age 70 that seemed to be the best choice. A COLA based annuity for the higher earner that lasts to the last of the couple to s...
by Monster99
Fri Feb 21, 2020 8:55 am
Forum: Personal Finance (Not Investing)
Topic: Downloadable Social Security Benefit Estimator (2019 Update)
Replies: 136
Views: 15896

Re: Downloadable Social Security Benefit Estimator (2019 Update)

To me, seems like it should be calculated from my FRA to when I claim my benefit. Calculators are sometimes weird.... But the calculator is 100% correct. :D You wrote "it should be calculated...". What does "it" refer to? From the examples you posted, it seems all the outputs are accurate? The dela...
by Monster99
Fri Feb 21, 2020 8:21 am
Forum: Personal Finance (Not Investing)
Topic: Social Security reduction and breakeven
Replies: 67
Views: 5515

Re: Social Security reduction and breakeven

Do the break even calculators take opportunity cost (could invest the SS into Tips)? Also the compounding effect of Tips 6 month interest payments? Just curious as my current thought is to wait until 70, mostly for my DW. My calculations using the treasury rates put my break even at around 85 years ...
by Monster99
Thu Feb 20, 2020 7:04 pm
Forum: Personal Finance (Not Investing)
Topic: Downloadable Social Security Benefit Estimator (2019 Update)
Replies: 136
Views: 15896

Re: Downloadable Social Security Benefit Estimator (2019 Update)

To me, seems like it should be calculated from my FRA to when I claim my benefit. Calculators are sometimes weird....☺☺
by Monster99
Thu Feb 20, 2020 6:48 pm
Forum: Personal Finance (Not Investing)
Topic: Getting through to Equifax
Replies: 34
Views: 1928

Re: Getting through to Equifax

Unfortunately, SS uses Equifax - I froze my credit and my wife's back in 2014 after a breach of Anthem. We can't set up her online SS account because they use Equifax and I am having the same issue as the OP. Well since SS has no competition, suppose I may have to make an exception for them, if sti...
by Monster99
Thu Feb 20, 2020 6:39 pm
Forum: Personal Finance (Not Investing)
Topic: Downloadable Social Security Benefit Estimator (2019 Update)
Replies: 136
Views: 15896

Re: Downloadable Social Security Benefit Estimator (2019 Update)

Thanks for the response - I will try to look at the output more closely. I had just noticed that the benefit multiplier didn't seem to increment for the 8 months between FRA and age 67 but did at 9 months.... Do you see in the options in the forms to "calculate benefit after initial entitlement? Ch...
by Monster99
Thu Feb 20, 2020 7:58 am
Forum: Personal Finance (Not Investing)
Topic: Getting through to Equifax
Replies: 34
Views: 1928

Re: Getting through to Equifax

Unfortunately, SS uses Equifax - I froze my credit and my wife's back in 2014 after a breach of Anthem. We can't set up her online SS account because they use Equifax and I am having the same issue as the OP.
by Monster99
Wed Feb 19, 2020 7:17 pm
Forum: Personal Finance (Not Investing)
Topic: Downloadable Social Security Benefit Estimator (2019 Update)
Replies: 136
Views: 15896

Re: Downloadable Social Security Benefit Estimator (2019 Update)

Thanks for the response - I will try to look at the output more closely. I had just noticed that the benefit multiplier didn't seem to increment for the 8 months between FRA and age 67 but did at 9 months....
by Monster99
Wed Feb 19, 2020 12:12 pm
Forum: Personal Investments
Topic: FOMO - TESLA
Replies: 36
Views: 2939

Re: FOMO - TESLA

Musk will most likely selloff the automotive area and concentrate on the battery production - much more potential...😁
by Monster99
Wed Feb 19, 2020 10:29 am
Forum: Personal Finance (Not Investing)
Topic: Downloadable Social Security Benefit Estimator (2019 Update)
Replies: 136
Views: 15896

Re: Downloadable Social Security Benefit Estimator (2019 Update)

I have been having an issue with the new version of AnyPia - my birthday is in December of 1956 with a FRA age of 66 and 4 months. If I set the retirement date to anytime between FRA and 67, no credit for delay but if I put in 67 and 1 month I get 9 months of credit (correct). May be related to a in...
by Monster99
Sun Feb 16, 2020 6:49 pm
Forum: Personal Finance (Not Investing)
Topic: 1099 import and government obligations
Replies: 9
Views: 622

Re: 1099 import and government obligations

Thanks for the input - I imputed the fund data individually and saved 50 bucks on my state return.
by Monster99
Sun Feb 16, 2020 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: 1099 import and government obligations
Replies: 9
Views: 622

Re: 1099 import and government obligations

Without stating what tax software you are using it may be difficult to get specific answers. I checked my 2018 return in HRB and on the 1099-Div input there is a check box at the bottom to specify if there the dividends are from US obligation. Checking that box will make HRB ask you how much (%) of...
by Monster99
Sun Feb 16, 2020 12:01 pm
Forum: Personal Finance (Not Investing)
Topic: 1099 import and government obligations
Replies: 9
Views: 622

Re: 1099 import and government obligations

After I imported the data, there is only one entry with the consolidated 1099 - looks like I will need to enter the div and capital gains for each of funds individually to select tbe percent government obligations for my state return....
by Monster99
Sun Feb 16, 2020 8:57 am
Forum: Personal Finance (Not Investing)
Topic: 1099 import and government obligations
Replies: 9
Views: 622

1099 import and government obligations

I have a fair amount of fixed income in my portfolio (retired) and if I import my 1099 it is summarized into one entry in my tax software. Is there a way to claim the government obligations credit for the state return without breaking out the individual funds?
by Monster99
Sat Feb 15, 2020 4:52 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare vs IRMAA vs health care coverage
Replies: 37
Views: 2018

Re: Medicare vs IRMAA vs health care coverage

If a Medicare beneficiary has the income to be subject to IRMAA, then he certainly has the ability to pay IRMAA. So if a person has income more than you they should pay more for a “benefit” ? Given that they more than likely paid more than you during their entire working career for Medicare. Just t...
by Monster99
Sat Feb 15, 2020 10:56 am
Forum: Personal Investments
Topic: You Invest by JP Morgan Chase
Replies: 211
Views: 35279

Re: You Invest by JP Morgan Chase

Haven't gotten mine from Vanguard - no email and no forms on the website. (I checked this morning) Most likely not available until Tuesday as Monday is a holiday....
by Monster99
Fri Feb 14, 2020 9:53 am
Forum: Personal Investments
Topic: Differentiate Pretax and Roth investments inside 403b or 401k
Replies: 9
Views: 471

Re: Differentiate Pretax and Roth investments inside 403b or 401k

I retired in 2017 and age 63 - no new contributions to the 401k. I still have the account because the fund has low cost index funds and a reasonable stable value option. I may roll it over to Vanguard or Schwab at some point but it is very easy to convert to the roth until I hit 72....
by Monster99
Fri Feb 14, 2020 9:27 am
Forum: Personal Investments
Topic: Differentiate Pretax and Roth investments inside 403b or 401k
Replies: 9
Views: 471

Re: Differentiate Pretax and Roth investments inside 403b or 401k

My employer does not allow distinct allocations: they keep track of how much is roth of course, but you cannot set distinct allocations. I think that supporting only one allocation across the 401k is typical. I My 401k is the same - no distinct allocation. Currently I hold my bonds in the 401k and ...
by Monster99
Fri Feb 14, 2020 7:52 am
Forum: Personal Finance (Not Investing)
Topic: Tax Rate Summarizations
Replies: 4
Views: 862

Re: Tax Rate Summarizations

rkhusky wrote:
Thu Feb 13, 2020 9:50 pm
I like https://taxfoundation.org/2020-tax-brackets and https://fairmark.com/general-taxation/reference-room

But the above .pdf's are more comprehensive.
+1 For taxfoundation.org - also like their historical rate pdf's.....
by Monster99
Thu Feb 13, 2020 1:04 pm
Forum: Personal Investments
Topic: Financial Strategies _during_ retirement
Replies: 11
Views: 1440

Re: Financial Strategies _during_ retirement

I retired in 2017 - I tracked my expenses from ~3 years before retirement to get a good idea of average expenses. I compared expenses to income in retirement (pension, SS, annuities, ect) if it is short, I pull from accounts. I have 12 months of money in Vanguard prime as a cushion with a AA of 40/5...
by Monster99
Wed Feb 12, 2020 9:37 am
Forum: Investing - Theory, News & General
Topic: Turning 62 and SS alternatives
Replies: 60
Views: 3485

Re: Turning 62 and SS alternatives

NIIT - net investment income tax. It is a tax that applies to MAGI above certain levels.
by Monster99
Sun Feb 09, 2020 1:39 pm
Forum: Personal Finance (Not Investing)
Topic: Water Leak at Home - Geico not helping
Replies: 27
Views: 2793

Re: Water Leak at Home - Geico not helping

Clueless wrote:
Sun Feb 09, 2020 1:07 pm

If you have to file a claim, don’t let anyone talk You into rolling the deductible. It is illegal. ....
I may be dense... what is "rolling the deductible"?
by Monster99
Sun Feb 09, 2020 8:12 am
Forum: Personal Finance (Not Investing)
Topic: Water Leak at Home - Geico not helping
Replies: 27
Views: 2793

Re: Water Leak at Home - Geico not helping

Our upstairs bathroom toilet tank cracked and water leaked into the downstairs bathroom - mitigation (removal and drying) took about 4 days and cost ~$1000. I called on a Sunday and they arrived on Monday morning. The mitigation was covered 100%, repairs were subjected to the deductible and I had to...
by Monster99
Fri Feb 07, 2020 8:30 am
Forum: Investing - Theory, News & General
Topic: What is the highest expense ratio you willingly pay?
Replies: 123
Views: 8485

Re: What is the highest expense ratio you willingly pay?

Dodge and Cox stock fund and the international fund. ~0.5% ER for each. Both are actve and I am currently drawing them down to simplify in retirement. Next would be my stable value fund in my 401k at 0.31.