Search found 52 matches

by wabbott
Thu Jan 16, 2020 2:53 pm
Forum: Personal Finance (Not Investing)
Topic: How to reduce spending -- suggestions?
Replies: 57
Views: 4247

Re: How to reduce spending -- suggestions?

No less of a money expert than John D. Rockefeller learned the value of tracking every dime of spending. https://www.youneedabudget.com/a-lesson-in-bookkeeping-from-john-d-rockefeller/ About 15 years ago (about 5 yrs prior to retirement) I began to keep a spreadsheet with about 10 categories. I foun...
by wabbott
Tue Jan 14, 2020 3:51 pm
Forum: Personal Consumer Issues
Topic: Magic Kingdom for a day or fun resort / hotel?
Replies: 40
Views: 2539

Re: Magic Kingdom for a day or fun resort / hotel?

If you and your family are Disney fans, then go to WDW. If you are not a fan of Disney, you will likely not enjoy the experience. Visiting Disney requires a lot of preparation. This is probably the best answer, imo. DW and I have been to WDW several times over the past 40 years, mostly in the 80s. ...
by wabbott
Sun Jan 12, 2020 3:19 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 4209
Views: 1213746

Re: What Book Are You Currently Reading? Part VI

Gunpowder: Alchemy, Bombards, And Pyrotechnics: The History Of The Explosive That Changed The World
by Jack Kelley
by wabbott
Sat Jan 04, 2020 5:31 pm
Forum: Personal Consumer Issues
Topic: How to get home internet in the country, outside the city limits?
Replies: 24
Views: 1121

Re: How to get home internet in the country, outside the city limits?

https://www.att.com/internet/fixed-wireless/

Brother-in-law just signed up with this setup. They claim good luck with it so far.
by wabbott
Mon Dec 30, 2019 1:01 pm
Forum: Personal Consumer Issues
Topic: [What TV Show Have You Recently Watched?]
Replies: 1646
Views: 182924

Re: [What TV Show Have You Recently Watched?]

Disney + The Imagineering Story, Episode 1 - "The Happiest Place on Earth." Almost worth the subscription just for this series, imo.
https://en.wikipedia.org/wiki/The_Imagineering_Story
by wabbott
Sat Dec 21, 2019 6:50 am
Forum: Personal Finance (Not Investing)
Topic: Changes to 401(k) and IRAs, SECURE Act - It's signed
Replies: 292
Views: 22485

Re: Changes to 401(k) and IRAs, SECURE Act - It's signed

Is my understanding correct that the new law does not change the RMD table, but that the IRS has published proposed regulations that would reduce the RMD amounts by a bit? https://www.federalregister.gov/documents/2019/11/08/2019-24065/updated-life-expectancy-and-distribution-period-tables-used-for...
by wabbott
Sat Dec 21, 2019 5:55 am
Forum: Personal Finance (Not Investing)
Topic: Changes to 401(k) and IRAs, SECURE Act - It's signed
Replies: 292
Views: 22485

Re: Changes to 401(k) and IRAs, SECURE Act - It's signed

Some good, some bad. Mostly bad, gives people more temptations disguised as "choices"and mostly makes financial planning more complicated. That 10 year rule is horrendous and by itself negates all the positives. [OT comment removed by moderator oldcomputerguy] What aspects do you think are a boon t...
by wabbott
Tue Nov 05, 2019 5:37 pm
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 4209
Views: 1213746

Re: What Book Are You Currently Reading? Part VI

Walt Disney: The Triumph of the American Imagination - Neal Gabler. Have been a Disney fanatic since about age 5, sixty-four years ago.
by wabbott
Thu Oct 17, 2019 2:51 pm
Forum: Personal Consumer Issues
Topic: If we visit Shenandoah and Blue Ridge Parkway, do we "need" to see Great Smoky Mtns. NP, too?
Replies: 52
Views: 5598

Re: If we visit Shenandoah and Blue Ridge Parkway, do we "need" to see Great Smoky Mtns. NP, too?

As you are going in late spring/early summer, you may want to try and schedule your Blue Ridge Parkway/GSMP trip to coincide with the rhododendron bloom. We managed to hit it right one year (mid-June), and it was spectacular at Craggy Gardens.
by wabbott
Fri Aug 23, 2019 4:52 pm
Forum: Personal Consumer Issues
Topic: [What TV Show Have You Recently Watched?]
Replies: 1646
Views: 182924

Re: [What TV Show Have You Recently Watched?]

Mike Hammer with Stacey Keach. It don't get no better than this...
by wabbott
Sun Aug 11, 2019 1:32 pm
Forum: Personal Consumer Issues
Topic: Florida Panhandle recommendations
Replies: 17
Views: 2070

Re: Florida Panhandle recommendations

We've stayed in many of the towns along Redneck Riviera, and our favorite is Panama City Beach, west end. Gulf Shores and Orange Beach, AL are rather crowded, with many high-rise condos. Perdido Key, just a few miles down the road is less crowded. Good selection of restaurants all along the beach. H...
by wabbott
Sun Jul 14, 2019 2:35 pm
Forum: Personal Consumer Issues
Topic: What to do in Little Rock
Replies: 26
Views: 2353

Re: What to do in Little Rock

While in Ft. Smith, here's a very historical place to visit. https://www.nps.gov/fosm/index.htm From the establishment of the first Fort Smith on December 25, 1817, to the final days of Judge Isaac C. Parker's jurisdiction over Indian Territory in 1896, Fort Smith National Historic Site preserves al...
by wabbott
Sat Jun 29, 2019 7:31 pm
Forum: Personal Consumer Issues
Topic: Florida Panhandle - temporary rental
Replies: 10
Views: 940

Re: Florida Panhandle - temporary rental

We like Panama City Beach, west end near the Bay/Walton county line. I've been going there for 60 years. Relatively uncrowded, yet close enough to many, many excellent restaurants. Gulf Shores/Orange Beach, AL is a little too developed for our taste, as is Destin/Okaloosa Island. The trade-off at D...
by wabbott
Sat Jun 29, 2019 4:29 pm
Forum: Personal Consumer Issues
Topic: Have nice car but too OCD to enjoy it.
Replies: 45
Views: 3358

Re: Have nice car but too OCD to enjoy it.

but there's no need to lay out 30K for a truck that hauls a couple of loads of firewood in the winter, and that gets me to my morning coffee group every day. Have you priced new trucks today? Cheaper to rent when you need one. When mine dies that is my plan. I've never bought a new vehicle in my li...
by wabbott
Sat Jun 29, 2019 4:00 pm
Forum: Personal Consumer Issues
Topic: Have nice car but too OCD to enjoy it.
Replies: 45
Views: 3358

Re: Have nice car but too OCD to enjoy it.

There's no correct answer to the question, IMO. But I can make an observation about cars/trucks and houses. Many, many people buy them not for themselves, but to impress their friends and relatives. I've owned a dozen vehicles over my 50 years of driving, and all of them did the job required - getti...
by wabbott
Sat Jun 29, 2019 3:47 pm
Forum: Personal Consumer Issues
Topic: Florida Panhandle - temporary rental
Replies: 10
Views: 940

Re: Florida Panhandle - temporary rental

We like Panama City Beach, west end near the Bay/Walton county line. I've been going there for 60 years. Relatively uncrowded, yet close enough to many, many excellent restaurants. Gulf Shores/Orange Beach, AL is a little too developed for our taste, as is Destin/Okaloosa Island. The trade-off at De...
by wabbott
Thu Jun 27, 2019 11:54 am
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 5050
Views: 1296064

Re: What Movie Have You Recently Watched?

I was actually amazed at the sharpness and detail in the photography of The Living Desert . I'm glad I borrowed a Blu-Ray copy, it is absolutely a high-definition movie. I saw it when I was a kid, and it was sort of a big deal because it was one of the first feature-length nature documentaries made...
by wabbott
Wed Jun 26, 2019 4:37 am
Forum: Personal Consumer Issues
Topic: Favorite mountain lodge destinations in the west?
Replies: 49
Views: 4672

Re: Favorite mountain lodge destinations in the west?

The boat ride to Stehekin on Lake Chelan is spectacular but lodging there is pretty much backpacker stuff. Great if that's what you're looking for. Check the boat schedule times if you're driving up from Portland. Sun mountain lodge in the Methow valley outside of Winthrop is very nice. MIL could e...
by wabbott
Sun Jun 23, 2019 2:04 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 5050
Views: 1296064

Re: What Movie Have You Recently Watched?

Toy Story 2, on Freeform TV. Believe it or not, I only just watched the original Toy Story movie a month ago, on a VHS tape bought for our daughter 24 years ago. I had NO IDEA those movies were that good. I eagerly anticipate TS3 & TS4. Easily as good as ANY Disney classic ever made. We visited WDW ...
by wabbott
Sun Jun 23, 2019 1:52 pm
Forum: Personal Consumer Issues
Topic: Grand Canyon/Death Valley in October
Replies: 17
Views: 1321

Re: Grand Canyon/Death Valley in October

We will visit those locations in September. I use my extensive collection of Nat Geo mags as a guide when visiting places I've never been. Death Valley's must-see location is Dante's View, they said. Trip Advisor concurs. https://www.tripadvisor.com/Attraction_Review-g143021-d531585-Reviews-Dante_s_...
by wabbott
Tue Jun 04, 2019 3:00 pm
Forum: Personal Consumer Issues
Topic: Road Trip! Texas to Virginia places to see/visit
Replies: 21
Views: 1185

Re: Road Trip! Texas to Virginia places to see/visit

What time of year will you be traveling? The goal is to spend more time off the interstate than on it.... You could drive the Blue Ridge Parkway part of the way. https://www.nps.gov/blri/index.htm It would be best to pick a limited section of it to spend some time in and not try to drive the entire...
by wabbott
Wed Dec 26, 2018 4:46 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks continue to soar!
Replies: 3038
Views: 292622

Re: U.S. stocks continue to soar!

I may have found a new negative bellwether. My buddy sold everything on 12/20 and shorted the S&P 500. His charts tell him what to do. I haven't had a good negative bellwether since 1986 and that only lasted 6 months. My bellwether then recommended selling utilities with any nuclear exposure after ...
by wabbott
Mon Dec 24, 2018 12:17 pm
Forum: Investing - Theory, News & General
Topic: Now is the time to REJOICE!
Replies: 102
Views: 12312

Re: Now is the time to REJOICE!

There is a small silver lining to this stock correction, for those who will take RMD's next year. The end-of-year valuation (quotient) will be considerably below the 10/3/18 highs. Therefore the distributions will be smaller, and the corresponding tax bite will also. Ideally, stocks would be at high...
by wabbott
Wed Jul 18, 2018 2:08 pm
Forum: Personal Consumer Issues
Topic: Flaunt Your High-Mileage Car
Replies: 630
Views: 86642

Re: Flaunt Your High-Mileage Car

2002 Dodge Ram 1500. About 300 miles short of 400 thousand. Original engine and transmission. Have to put a pint of STP in every so often, but it gets me to my Old Folks Coffee Group every morning, and it will haul 1/2 cord of firewood, no problem.
by wabbott
Mon Jan 29, 2018 6:48 pm
Forum: Personal Finance (Not Investing)
Topic: 2017 income changed and wife no longer qualifies for ACA subsidy
Replies: 21
Views: 2036

Re: 2017 income changed and wife no longer qualifies for ACA subsidy

The HSA limit for tax year 2017 is $3400, plus $1000 catch-up if the individual is over 55, which is the case with your wife. Any HSA contribution will reduce your MAGI by that same amount.

https://www.shrm.org/resourcesandtools/ ... imits.aspx
by wabbott
Sun Jan 28, 2018 9:05 am
Forum: Personal Finance (Not Investing)
Topic: Who taught you about financial responsibility?
Replies: 107
Views: 8972

Re: Who taught you about financial responsibility?

I read all the Uncle Scrooge Disney Comics as a kid. It must have made an impression on me. Skinflint that he was, Scrooge McDuck never shirked from hard work and wasn't afraid of risk.
by wabbott
Mon Jan 22, 2018 4:38 pm
Forum: Personal Finance (Not Investing)
Topic: Dust is settling.. feedback on what's next
Replies: 17
Views: 2232

Re: Dust is settling.. feedback on what's next

You don't need a paid financial advisor. You already are more proficient than almost all of them. I guarantee, you won't find any "financial advisor" in his late 20s that is in as good a financial position as you.
by wabbott
Mon Jan 15, 2018 6:03 am
Forum: Personal Finance (Not Investing)
Topic: Understanding the Great Recession Impact
Replies: 44
Views: 4226

Re: Understanding the Great Recession Impact

You've already passed your first test: You didn't panic and bail in the 2008-2009 crash. We've been long-term investors since the late 70's and have been through the 87 mini-crash, the 2000 dot-com bust, and 08-09. We didn't panic either, and it served us well. We're both retired, and our plans are ...
by wabbott
Tue Jan 02, 2018 5:50 am
Forum: Personal Finance (Not Investing)
Topic: Embarrassment Preventing Retirement Work: A factor for you?
Replies: 133
Views: 15104

Re: Embarrassment Preventing Retirement Work: A factor for you?

I say do it, if you think such a job would be enjoyable to you. I did a mid-life career change from design engineering into sales because I always liked to meet new people. It gave me an opportunity to see things and people I would otherwise not have. A happy sales clerk is a tremendous asset to a r...
by wabbott
Tue Dec 26, 2017 1:27 pm
Forum: Personal Consumer Issues
Topic: What frugal thing did you do today?
Replies: 1315
Views: 148575

Re: What frugal thing did you do today?

Got the DW a gift card for Christmas, and instead of paying for it with my CC, I used PayPal. I get to use THEIR money for six months, interest free.
by wabbott
Fri Dec 22, 2017 7:28 am
Forum: Personal Finance (Not Investing)
Topic: New tax Law inflation adjustments?
Replies: 3
Views: 569

Re: New tax bill inflation adjustments?

https://www.cnbc.com/2017/12/20/families-will-feel-the-pain-of-losing-this-tax-break.html ...the tax overhaul changes the metric the IRS uses to adjust brackets, standard deductions and other details for inflation. Today, inflation adjustments are based on the consumer price index. The bill, however...
by wabbott
Thu Dec 21, 2017 8:23 pm
Forum: Personal Finance (Not Investing)
Topic: A meal with friends yields a financial revelation
Replies: 95
Views: 14805

Re: A meal with friends yields a financial revelation

I had a similar moment two weeks ago. I was startled at how lucky and good my life has gone. I worked hard and saved a lot and am now well into retirement. I was having dinner with my wife and my daughter and her husband. We had just watched a great theater play and were enjoying good Indian food i...
by wabbott
Thu Dec 21, 2017 8:15 pm
Forum: Personal Finance (Not Investing)
Topic: Federal taxes not fully withheld
Replies: 5
Views: 723

Re: Federal taxes not fully withheld

There is one more quarterly tax payment date yet to go for tax year 2017. Jan 15 is the due date for quarter 4 taxes. If you have sufficient information to begin your 2017 return, you could figure out if you have a shortfall, and make up the difference on that payment date. That should put you in th...
by wabbott
Mon Dec 18, 2017 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: When to trade in a car?
Replies: 8
Views: 1089

Re: When to trade in a car?

Since you commute via rail, and don't need a car while at work, is it feasible to consider just owning one car? Maybe a bicycle for that short commute could work.
by wabbott
Fri Dec 15, 2017 7:31 am
Forum: Personal Finance (Not Investing)
Topic: For those in retirement, how close is your post retirement spending to your pre-retirement estimate?
Replies: 26
Views: 3301

Re: For those in retirement, how close is your post retirement spending to your pre-retirement estimate?

For several years prior to our retirements in 2009 and 2015, we tracked our spending on a spreadsheet in several categories - gas, groceries, Walmart, clothes, travel lodging, restaurants, household. We weren't as meticulous as was John D. Rockefeller, but it did give us a decent history of where th...
by wabbott
Fri Dec 01, 2017 2:52 pm
Forum: Personal Finance (Not Investing)
Topic: Financial Advice Needed
Replies: 16
Views: 1489

Re: Financial Advice Needed

Assuming you have other income that comes in the form of a paycheck that is deposited into a checking account, I would substitute the cash for purchases you normally make with a check, or a debit or credit card. For example, pay cash for gasoline, rather than a card. The same with groceries, or Walm...
by wabbott
Thu Nov 30, 2017 2:43 pm
Forum: Personal Finance (Not Investing)
Topic: Proving income for ACA marketplace plan
Replies: 3
Views: 657

Re: Proving income for ACA marketplace plan

Last year when we proved income for ACA 2017, we sent in 1099's for the prior year, plus partial statements that showed the Jan 2017 income amount. I made up a summary spreadsheet to total all of it. It was all accepted within a day or two of uploading. I couldn't submit the prior year's 1040, as it...
by wabbott
Thu Nov 23, 2017 11:35 am
Forum: Personal Finance (Not Investing)
Topic: Regrets for taking SS at 62 or waiting?
Replies: 100
Views: 12147

Re: Regrets for taking SS at 62 or waiting?

I retired at 59, and started collecting SS at 62, which was my plan all along. Wife also retired at 59, when we could access our IRA's without penalty. We both could have worked longer, but we wanted to do some extended traveling, something not possible if we still worked. I'm now 67 and she's almos...
by wabbott
Tue Nov 21, 2017 3:53 pm
Forum: Personal Finance (Not Investing)
Topic: Selling Farm Land - What next?
Replies: 11
Views: 1212

Re: Selling Farm Land - What next?

How are you going to avoid taxes with that sizeable gain? https://www.irs.gov/newsroom/like-kind-exchanges-under-irc-code-section-1031 Whenever you sell business or investment property and you have a gain, you generally have to pay tax on the gain at the time of sale. IRC Section 1031 provides an e...
by wabbott
Tue Nov 21, 2017 5:05 am
Forum: Personal Finance (Not Investing)
Topic: RMD and taxes
Replies: 16
Views: 2525

Re: RMD and taxes

Thank you clydewolf for the info on QCD. I had already come across it here and have made a note of it when filing for my 2018 income taxes. Just went to the IRS site to figure out my taxes for 2018 and wasn't quite sure how to handle the RMD on the 1040? I know it is far in advance, but was just wo...
by wabbott
Mon Nov 20, 2017 12:46 pm
Forum: Personal Finance (Not Investing)
Topic: RMD and taxes
Replies: 16
Views: 2525

Re: RMD and taxes

Ever since I retired in 2009, I've not done withholding. I pay quarterly estimates, both federal and state, every cent. Turbotax has a feature that calculates the estimates and prints out the payment vouchers. As long as you have a reasonably accurate estimate of your estimated income, you're quarte...
by wabbott
Mon Nov 20, 2017 7:29 am
Forum: Personal Finance (Not Investing)
Topic: quicken and tracking everything
Replies: 4
Views: 1095

Re: quicken and tracking everything

I've been using spreadsheets for twelve years, and have been completely satisfied. I used MS Money, until they quit supporting it. I can tailor excel to any custom use I could ever need. I understand about the "automatic" recording feature of a software vs the manual entry of a spreadsheet. But that...
by wabbott
Sun Nov 19, 2017 12:55 pm
Forum: Personal Finance (Not Investing)
Topic: Voluntary life insurance - how much?
Replies: 10
Views: 1386

Re: Voluntary life insurance - how much?

IMO, the term "life insurance" is a misnomer. Your life is not worth insuring. But what is worth insuring is your ability to earn income. What the insurance replaces is that earned income stream if/when you die. If you have no dependents, or someone who depends upon you to bring in money, or you hav...
by wabbott
Tue Nov 07, 2017 7:38 am
Forum: Personal Finance (Not Investing)
Topic: Disposable income... how?
Replies: 106
Views: 12826

Re: Disposable income... how?

Leemiller wrote:
Tue Nov 07, 2017 7:30 am
There are many people with a million plus net worth on this forum that drove, or still drive, cheap cars.
I'm heading to coffee this AM in an '02 Dodge Ram with 395K miles on it. Runs some folks crazy that I don't succumb to New Car Fever every so often.
by wabbott
Mon Nov 06, 2017 8:31 pm
Forum: Personal Finance (Not Investing)
Topic: Disposable income... how?
Replies: 106
Views: 12826

Re: Disposable income... how?

You're way, way ahead of the game for your age. The fact that you do a written budget is a rarity, not only for your age, but ANY age. If y'all stick to your plan, you should be able to be thinking about retiring - quite comfortably - around age 50, if not younger.
by wabbott
Mon Nov 06, 2017 3:35 pm
Forum: Personal Finance (Not Investing)
Topic: Disposable income... how?
Replies: 106
Views: 12826

Re: Disposable income... how?

I'll take a stab at answering why folks spend so on houses and cars. I call it the SWIG factor. See What I Got! The houses are not for them to live in, nor are the luxury cars for them to drive and enjoy. The houses are built and the cars are bought to impress everyone else.
by wabbott
Mon Nov 06, 2017 3:03 pm
Forum: Personal Finance (Not Investing)
Topic: ACA MAGI planning
Replies: 57
Views: 7537

Re: ACA MAGI planning

Question for those modulating their retirement income to qualify for ACA subsidies. Do you revise your income throughout the year if you find that you’re making more than you had projected (but still under the cliff)? Or do you just sort it out at tax time the following year? Tax year 2017 was the ...