Search found 587 matches

by kd2008
Wed Oct 30, 2019 11:52 am
Forum: Personal Investments
Topic: BoA Platinum Honors: Transfer Question (from Fidelity and Vanguard)
Replies: 8
Views: 757

Re: BoA Platinum Honors: Transfer Question (from Fidelity and Vanguard)

When one converts Vanguard funds to ETF, does Vanguard transfer the cost basis too? Or do we have ot keep track of it?
by kd2008
Sun Oct 27, 2019 9:21 am
Forum: Personal Finance (Not Investing)
Topic: ACA 2020 pricing [What's your 2020 pricing?]
Replies: 38
Views: 4200

Re: ACA 2020 pricing [What's your 2020 pricing?]

2020 rates aren't currently easy to find, but CMS released public use files earlier this week that contains the rates for all plans. You can search for rates as follows: 1. Go to https://data.healthcare.gov 2. Sort by "Recently Added" 3. Select "Rate PUF - 2020" 4. Click "View Data" 5. Click "Filte...
by kd2008
Tue Sep 24, 2019 7:51 am
Forum: Personal Consumer Issues
Topic: Inside dishwasher smells after cleaning dishes...
Replies: 24
Views: 1506

Re: Inside dishwasher smells after cleaning dishes...

Most dishwashers have a filter in the drain. Check yours that it is clean. Most likely clogged with gunk.
by kd2008
Wed Jul 31, 2019 9:06 am
Forum: Personal Finance (Not Investing)
Topic: Sell paid off house, invest proceeds and rent
Replies: 47
Views: 3940

Re: Sell paid off house, invest proceeds and rent

My parents who are 70+ did some thing simliar. 650k netted from home sale and rented a place of similar square footage with new construction for 27k. They can call the landlord and have all the maintenance done. At their age it is understandable. They do not live in the US. The interest earnings in ...
by kd2008
Wed Jun 26, 2019 2:54 pm
Forum: Personal Consumer Issues
Topic: Am I falling into the trap of judging everything through cost lens?
Replies: 51
Views: 5067

Re: Am I falling into the trap of judging everything through cost lens?

LookingForward wrote:
Wed Jun 26, 2019 2:44 pm
I learned about the trick about booking business class tickets AND a one-night stay at a hotel at Expedia for huge savings, we're paying with money. I'll use the points for something else.
Could you please elaborate on this? Where can I find info on this?

Thanks!
by kd2008
Tue Jun 25, 2019 3:04 pm
Forum: Personal Finance (Not Investing)
Topic: How did you lower your annual expenses?
Replies: 145
Views: 14140

Re: How did you lower your annual expenses?

Align your spending with your values. Reducing them beyond a certain point will yield no satisfaction, may be even a feeling of deprived or resentment.
by kd2008
Tue Jun 11, 2019 2:15 pm
Forum: Investing - Theory, News & General
Topic: Variable Percentage Withdrawal (VPW)
Replies: 922
Views: 311476

Re: Variable Percentage Withdrawal (VPW)

OK. There's a bug in the spreadsheet. I'll fix it later today. Thanks for alerting me about it. In the retirement tab, when the pension bridge cost is zero (B50 through B53 are all zero), the pension bridge funding ratio formula: 1 - B57/SUM(B50:B53) ends up having a division by zero. That formula ...
by kd2008
Sun May 26, 2019 8:33 pm
Forum: US Chapters
Topic: Retiredjg at 36,000 posts!
Replies: 34
Views: 3017

Re: Retiredjg at 36,000 posts!

Thank you retiredjg! You are simply kind, generous, thoughtful and amazing!
by kd2008
Mon Apr 29, 2019 7:59 pm
Forum: Personal Investments
Topic: So, I want to Retire - Help ?
Replies: 51
Views: 8575

Re: So, I want to Retire - Help ?

OP, Understand carefully what counts as income for ACA subsidy. Arrange assets so that you can pay for expenses without incurring income. Search forum for such posts. Avail subsidy. Bingo! You can retire today. OP, I am appalled at the posters claiming you cannot retire today. The tone and lack of u...
by kd2008
Fri Mar 01, 2019 2:51 pm
Forum: Personal Finance (Not Investing)
Topic: When were you convinced that you had more than enough money?
Replies: 117
Views: 12578

Re: When were you convinced that you had more than enough money?

I do not understand the irrational fear of people who have posted in this thread above. Take a look at a whole spectrum of outcomes for the population in their old age. You are more than likely in top 2%. Chances of dire outcome of being a charity case in old age is so small. Why do you fear that o...
by kd2008
Fri Mar 01, 2019 7:59 am
Forum: Personal Finance (Not Investing)
Topic: When were you convinced that you had more than enough money?
Replies: 117
Views: 12578

Re: When were you convinced that you had more than enough money?

I do not understand the irrational fear of people who have posted in this thread above. Take a look at a whole spectrum of outcomes for the population in their old age. You are more than likely in top 2%. Chances of dire outcome of being a charity case in old age is so small. Why do you fear that ou...
by kd2008
Mon Feb 25, 2019 10:21 pm
Forum: Personal Finance (Not Investing)
Topic: Can I Retire in July 2019?
Replies: 30
Views: 5528

Re: Can I Retire in July 2019?

OP, while you are on COBRA, arrange your assets to reduce AGI until you are 65. Please read up and act on getting your modified AGI as closed to 250% of federal poverty level (FPL) or if you cannot do that, try to have it under 400% of FPL to receive subsidies under ACA. Price and see plans in your ...
by kd2008
Tue Feb 19, 2019 11:37 pm
Forum: Personal Finance (Not Investing)
Topic: FreeTaxUSA forces me to deduct tIRA contribution--does it matter?
Replies: 18
Views: 1135

Re: FreeTaxUSA forces me to deduct tIRA contribution--does it matter?

Please checkout proper steps here: https://thefinancebuff.com/how-to-backdoor-roth-freetaxusa.html The above blog post details all the steps one would follow for backdoor Roth. What is the code on your 1099-R? If you tIRA was deductible then steps might be different and what you are seeing may be ri...
by kd2008
Wed Feb 13, 2019 9:18 pm
Forum: Personal Finance (Not Investing)
Topic: Fast turnaround on Federal Tax
Replies: 40
Views: 4014

Re: Fast turnaround on Federal Tax

We filed our taxes on Friday night, Feb 8. Standard deduction but lots of 1099s, HSA etc.

Today the status updated to "refund approved"

Scheduled to hit our bank account on Friday, Feb 15.

Awesome! Superfast!
by kd2008
Fri Feb 08, 2019 9:40 pm
Forum: Personal Finance (Not Investing)
Topic: FreeTaxUSA.com now has 2018 Return available.
Replies: 36
Views: 5249

Re: FreeTaxUSA.com now has 2018 Return available.

SrGrumpy wrote:
Fri Feb 08, 2019 12:59 am
There's a coupon if you want to save 10% on your extras - freetaxusa10.
Thanks! Used it tonight! Appreciate the savings!
by kd2008
Thu Feb 07, 2019 7:29 am
Forum: Personal Finance (Not Investing)
Topic: When are COLA increases shown on SSA website?
Replies: 4
Views: 283

Re: When are COLA increases shown on SSA website?

Give it few more weeks. I see it in my account but not in my spouse's account.
by kd2008
Wed Dec 26, 2018 3:04 pm
Forum: Investing - Theory, News & General
Topic: Fall of 2018: third fastest decline on record
Replies: 20
Views: 1650

Re: Fall of 2018: third fastest decline on record

Market does not go down or up after something happens. It does that in anticipation of something good or bad happening. Right now market is essentially pricing in trade war going unresolved and the resulting economic downturn from that war.
by kd2008
Thu Dec 20, 2018 2:37 pm
Forum: Personal Investments
Topic: Highly compensated employee & military TSP
Replies: 10
Views: 1063

Re: Highly compensated employee & military TSP

My son works for a military contractor and the company is subject to "highly compensated employee" 401k rules. He earns over 120k which means with that company he is limited to how much he can defer into his 401k with that contractor. He also works on weekends in the Reserves and so in theory he co...
by kd2008
Tue Dec 18, 2018 10:35 am
Forum: Investing - Theory, News & General
Topic: Rumor mill - Fidelity starting individual HSA's Nov. 15th [2018]
Replies: 1012
Views: 107829

Re: Rumor mill - Fidelity starting individual HSA's Nov. 15th

My HSA transfer from Optum Bank is complete now. Nov 26th - It was started on online and I sent the paperwork to Fidelity by mail. Nov 29th Fidelity received it . Dec 4th Fidelity sent the paperwork to Optum Bank. Dec 8th Optum Bank closed the HSA. Dec 17th Fidelity credited All the cash minus $20 c...
by kd2008
Fri Dec 14, 2018 2:38 pm
Forum: Personal Finance (Not Investing)
Topic: Forgoing health insurance
Replies: 112
Views: 5783

Re: Forgoing health insurance

Another of these threads ... again Just take a hit of full cost for 2019, rearrange your assets so that you can qualify for largest possible subsidy in 2020 and beyond. And you are set. Why are people so lazy? Sorry, not feeling charitable today especially for people you consciously decide to forego...
by kd2008
Thu Dec 13, 2018 5:40 pm
Forum: Personal Finance (Not Investing)
Topic: 2018 form 1040 released
Replies: 26
Views: 3819

2018 form 1040 released

IRS yesterday released form 1040 for the year 2018.

https://apps.irs.gov/app/picklist/list/ ... formNumber This will list all the schedules (there are 6 of them) and forms for them

https://www.irs.gov/pub/irs-pdf/f1040.pdf is direct link to just the form 1040.
by kd2008
Mon Oct 08, 2018 2:27 pm
Forum: Personal Investments
Topic: Help with VUL product requested
Replies: 7
Views: 421

Re: Help with VUL product requested

I appreciate all the responses provided. Thank you so much. I will work on getting the in-force illustration. I may be back with more questions once I know more about the phone calls that happened today with the insurance company.
by kd2008
Mon Oct 08, 2018 11:00 am
Forum: Personal Investments
Topic: Help with VUL product requested
Replies: 7
Views: 421

Help with VUL product requested

Thank you for your guidance on the forums. I need some help. A family member couple are in a conundrum with a VUL they have had for nearly 30 years. Liz is 75 yrs old and in good health. Her husband Wayne is 82 yrs old and in poor health - he has had bouts of cancer, bypass surgery, multiple aneurys...
by kd2008
Fri Oct 05, 2018 12:52 pm
Forum: Investing - Theory, News & General
Topic: Correlation between the FIRE movement and one of the greatest bull markets
Replies: 158
Views: 15136

Re: Correlation between the FIRE movement and one of the greatest bull markets

People who are in their fifties and above have had few decades of employment. They have faith in the system of employment. They have nest eggs that were decimated by recessions and built back up during the recoveries that followed. The younger fire cohort have less life experience. Their nearness to...
by kd2008
Wed Sep 26, 2018 2:14 pm
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 790
Views: 111324

Re: How much money do you want to retire?

No clue how much I need to retire. Currently 37, married, 1.3m invested in stock market, paid off home. If I had a crystal ball to tell me what the future holds for health care and health insurance costs in this country, I could potentially retire now. In the meantime, I continue to work. I am in s...
by kd2008
Tue Sep 25, 2018 1:08 pm
Forum: Personal Finance (Not Investing)
Topic: Fed up with health insurance situation
Replies: 117
Views: 8054

Re: Fed up with health insurance situation

I have stated this on this forum before: Your best bet is to eat the first year cost (and pay the non-subsidized price) arrange your assets such that you qualify for subsidy in subsequent years. You know the rules of the game. Whining about them does not resolve your problem. If you are going to pay...
by kd2008
Fri Sep 21, 2018 10:20 am
Forum: US Chapters
Topic: Post your Financial Milestone Announcements Here
Replies: 1081
Views: 149975

Re: Post your Financial Milestone Announcements Here

We crossed into the two-comma club for the first time with just our invested assets, not counting our home equity in two properties.

I feel nothing special, just a bit of relief that it happened eventually. We are at our baseline FI. Looking forward to our full FI.
by kd2008
Sun Sep 16, 2018 2:40 pm
Forum: Personal Investments
Topic: Thinking of Retiring at 52, Please Critique Plan
Replies: 61
Views: 10016

Re: Thinking of Retiring at 52, Please Critique Plan

At your low income needs, you will get substantial ACA subsidy. It is good that you have budgeted significant amount for healthcare. No need for health sharing ministry at your low income. Educate yourself on ACA subsidies and improve your planning accordingly.
by kd2008
Sat Sep 15, 2018 9:32 am
Forum: Personal Finance (Not Investing)
Topic: If you're FI, or close to FI, are still fighting to climb the Corp. Ladder?
Replies: 118
Views: 12313

Re: If you're FI, or close to FI, are still fighting to climb the Corp. Ladder?

This a great thread. My personal story: laid off from megacorp earlier in the year. Joined a startup. Didnt get equity. 50% pay cut. Grown and doubled the company in 4 months. More vacation. Steep learning curve. Loads of new things to learn. Late thirties. Close to preliminary FI in 6 months. They ...
by kd2008
Sat Jul 28, 2018 4:37 pm
Forum: Personal Consumer Issues
Topic: Talk to me about Le Creuset
Replies: 53
Views: 6784

Re: Talk to me about Le Creuset

I was gifted a Le Creuset Cassadou as a wedding gift. It is the best! Can be used as dutch oven, skillet, or anything in between. At over 3 quarts, it is big enough to cook meals for a family of over 4 people.
by kd2008
Thu Jul 19, 2018 9:33 am
Forum: Investing - Theory, News & General
Topic: I may have understood why it's so hard to save and invest
Replies: 81
Views: 14471

Re: I may have understood why it's so hard to save and invest

I empathize with what you are feeling. It is natural. Instead of thinking action and result. Think of it as a process. You are in the process of accumulation. Vividly imagine the various milestones along the way. Make sure that these are not expectations rather destinations to look forward to. If yo...
by kd2008
Wed Jul 18, 2018 2:31 pm
Forum: Personal Consumer Issues
Topic: Alaska Trip/Cruise Summer of 2020. Help me plan
Replies: 23
Views: 2313

Re: Alaska Trip/Cruise Summer of 2020. Help me plan

We are thinking of Alaska in the next year or two. One option is to book the Alaska rail package. Anyone here did that? Tripadvisor has glowing reviews of it. https://www.alaskarailroad.com/travel-planning/packages/alaska-by-daylight ALASKA BY DAYLIGHT 10 Days/10 Nights Available late May - early Se...
by kd2008
Tue Jul 10, 2018 10:36 am
Forum: Personal Finance (Not Investing)
Topic: Health Insurance for Couple Early Retirement
Replies: 29
Views: 2999

Re: Health Insurance for Couple Early Retirement

Consider the first year as a penalty year. So pay the highest premium needed but use that year to manage income for following years such that you can receive highest ACA subsidy. In fact he should have used COBRA months to do it already. It will end up costing tens of thousands of dollars more than ...
by kd2008
Thu Jun 28, 2018 11:28 am
Forum: Personal Investments
Topic: Vanguard is really pushing their Personal Adviser Service
Replies: 65
Views: 7112

Re: Vanguard is really pushing their Personal Adviser Service

I am confused. I understand Rick Ferri's point. Does OP want financial planning advice or investment advice or both for his/her sister? You can always get an evaluation with initial consultation of PAS then decline to sign up for the service. Not ideal but Vanguard has no hard feelings about this. I...
by kd2008
Wed Jun 20, 2018 3:05 pm
Forum: Personal Consumer Issues
Topic: Medicare Plan F - HD question
Replies: 4
Views: 476

Re: Medicare Plan F - HD question

There are more benefits paid than just the 20% of Part B expenses. There are Part A copays and skilled nursing copays among several other benefit categories. High Deductible Plan F pays all expenses after the insured has paid out of pocket up to the deductible level. So you are essentially confirmi...
by kd2008
Wed Jun 20, 2018 2:33 pm
Forum: Personal Consumer Issues
Topic: Medicare Plan F - HD question
Replies: 4
Views: 476

Medicare Plan F - HD question

I believe currently for 2018, Medicare Plan F - High Deductible plan has a deductible of $2240. I would like to know why is term "deductible" used here. Technically, Part B covers 80%. Plan F only starts covering remaining 20% after $2240 have been paid by you. In the non-medicare world, deductible ...
by kd2008
Sun Jun 03, 2018 7:11 am
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 790
Views: 111324

Re: How much money do you want to retire?

Either I live in a bubble where I see people retire with few hundred thousand dollars to their name or this thread is a demonstration that people know lot about investing and literally nothing about retiring ... :?
by kd2008
Sat Jun 02, 2018 10:01 am
Forum: Personal Investments
Topic: Plan review [2018 edition]
Replies: 8
Views: 666

Re: Plan review [2018 edition]

I calculated the scenario where I have long survivorship with a PV value analysis. I came up with needing 556K as my portfolio balance at the max. This includes max 23 years to be funded till Widower's benefit and post age 60, widower's benefit plus portfolio withdrawal. And also Eventually my SS pl...
by kd2008
Fri Jun 01, 2018 5:39 pm
Forum: Personal Investments
Topic: Plan review [2018 edition]
Replies: 8
Views: 666

Re: Plan review [2018 edition]

Hello OP, If it were me, I would think the key to your planning will be the younger spouse's finances and longevity. When does younger spouse wish to retire? If younger spouse retires before 60, then he/she may not be eligible for SS widow(er) benefits for some time and will need to fund expenses t...
by kd2008
Fri Jun 01, 2018 4:43 pm
Forum: Personal Investments
Topic: Plan review [2018 edition]
Replies: 8
Views: 666

Re: Plan review [2018 edition]

I ran your numbers through CFIRESim. Based on spouse retiring in 2018, taking $24.3k social security in 2032, and current portfolio at default allocation the simulation estimates 95% success with annual spending of $39.5k (adjusted for inflation). If you have SS or continue to work, that number wou...
by kd2008
Fri Jun 01, 2018 4:36 pm
Forum: Personal Investments
Topic: Plan review [2018 edition]
Replies: 8
Views: 666

Re: Plan review [2018 edition]

Nice and thorough spreadsheet. There are a couple thoughts that come to mind: 1) Since you are calculating everything in nominal dollars, your expenses should be bumped up by 2.5% for each year spouse works. EDIT: I see that these are real dollars, so my 1 and 3 don't apply. 2) the 4% rule was esta...
by kd2008
Fri Jun 01, 2018 2:42 pm
Forum: Personal Investments
Topic: Plan review [2018 edition]
Replies: 8
Views: 666

Plan review [2018 edition]

I have had quite a few changes over the past few months. As I set sail on this new course, I would like a plan review. Our portfolio is age appropriate 3 fund. Emergency funds not included in asset allocation below Mortgage of 62K on current home. Car loan of 16K. Other Car and Condo paid off. Tax F...
by kd2008
Sat May 26, 2018 9:15 am
Forum: Personal Finance (Not Investing)
Topic: medicaid as early retirement medical insurance (or maybe Obamacare)
Replies: 41
Views: 4635

Re: medicaid as early retirement medical insurance (or maybe Obamacare)

2018 ACA Federal Poverty Level: 1 person = $12,060, 2 persons = $16,240, etc... 1 Person FPL levels: 100% = $12,060, 138% = $16,643, 150% = $18,090 Some basic Medicaid/ACA rules: Medicaid expansion state No Medicaid asset tests ACA eligibility 138% FPL ACA maximum subsidy/cost sharing reduction (CS...
by kd2008
Sat Apr 07, 2018 9:52 am
Forum: Personal Finance (Not Investing)
Topic: GEICO rate increase: 49% annualized?!
Replies: 52
Views: 12488

Re: GEICO rate increase: 49% annualized?!

We are bogleheads. We like to go to data source. Not go by data anecdote over which insurance provider is cheaper. OP, please check your state insurance commission webpage on which insurance company is cheapest for standard insured driver. For example, here in Oklahoma, we have this page: https://ww...
by kd2008
Thu Apr 05, 2018 4:10 pm
Forum: Personal Finance (Not Investing)
Topic: Deferred income annuities question
Replies: 4
Views: 489

Re: Deferred income annuities question

So my spouse is 56 yrs old. Eligible for $26K in SS at age 70 in today's money. Our expenses are roughly twice that of his SS. Can be reduced to 1.5x if needed. So for kickers I priced a deferred income annuity with single life for him. If bought today, payment starting when he is 70 for the differ...
by kd2008
Thu Apr 05, 2018 3:01 pm
Forum: Personal Finance (Not Investing)
Topic: Deferred income annuities question
Replies: 4
Views: 489

Deferred income annuities question

So my spouse is 56 yrs old. Eligible for $26K in SS at age 70 in today's money. Our expenses are roughly twice that of his SS. Can be reduced to 1.5x if needed. So for kickers I priced a deferred income annuity with single life for him. If bought today, payment starting when he is 70 for the differe...
by kd2008
Sat Mar 03, 2018 9:48 am
Forum: Personal Finance (Not Investing)
Topic: Laid off ...next steps
Replies: 31
Views: 6127

Re: Laid off ...next steps

You right about anchoring bias. I need to work on addressing it.

Higher paying job will most likely be outside my state. So it will come at cost.

Right now I am ok with the pay-PTO balance this job offers.

I am giving it a shot and seeing how it all works out.
by kd2008
Sat Mar 03, 2018 7:36 am
Forum: Personal Finance (Not Investing)
Topic: Laid off ...next steps
Replies: 31
Views: 6127

Re: Laid off ...next steps

Hello everyone, I am glad to announce that I have been offered a job at a year old start up in the same city I live in. I have decided to accept it. The pay cut will be about 25% (33% with the loss of 401k matching and equity payouts). But I will get the opportunity to be a part of dynamic team and ...
by kd2008
Mon Feb 19, 2018 4:22 pm
Forum: Personal Finance (Not Investing)
Topic: Considering move to Tulsa, OK
Replies: 21
Views: 2959

Re: Considering move to Tulsa, OK

It is a great little hidden gem. You will like it. Affordability in everything means your dollar will go far.
by kd2008
Sun Feb 18, 2018 9:14 am
Forum: Personal Finance (Not Investing)
Topic: Laid off ...next steps
Replies: 31
Views: 6127

Re: Laid off ...next steps

Thank you for all the great advice and for sharing your experiences. After the shock, I am just starting to access my emotions. They are raw. Surprisingly, I am not looking back and wondering if I could have done anything differently. I do tense up about future "lack" of opportunities. I am trying t...