Search found 1627 matches

by JoeRetire
Thu Nov 15, 2018 2:27 pm
Forum: Investing - Help with Personal Investments
Topic: First grandchild
Replies: 21
Views: 1634

Re: First grandchild

I set up and started the funding of 529 accounts for each of my grandchildren.

Fidelity has a "microsite" for each child that can be customized with a picture, and a "what I want to be when I grow up" saying. And you can send the address of the microsite around to folks who want to donate.
by JoeRetire
Thu Nov 15, 2018 2:24 pm
Forum: Personal Consumer Issues
Topic: Mouse in the house
Replies: 30
Views: 1606

Re: Mouse in the house

Tossing random packets of rodenticide around is the wrong way to deal with the problem. If you are physically capable, get up into the attic yourself. See the droppings and try to find how the mice are getting in. Seal all openings. Place snap traps with peanut butter up against the wall where mice ...
by JoeRetire
Tue Nov 13, 2018 6:16 pm
Forum: Investing - Help with Personal Investments
Topic: Social Security Claiming Strategy - Seeking Confirmation
Replies: 30
Views: 2953

Re: Social Security Claiming Strategy - Seeking Confirmation

aristotelian wrote:
Tue Nov 13, 2018 5:37 pm
Does his tool account for higher taxes on your 401k withdrawals due to filling up your lower tax brackets with SS?
No it doesn't.

The current iteration of the tool doesn't account for taxes on 401k withdrawals at all.
by JoeRetire
Tue Nov 13, 2018 6:14 pm
Forum: Investing - Help with Personal Investments
Topic: Social Security Claiming Strategy - Seeking Confirmation
Replies: 30
Views: 2953

Re: Social Security Claiming Strategy - Seeking Confirmation

I understand the longevity for one and that's covered by waiting to age 70 for the higher earner. I don't get it for "BOTH of you". It's just math. If you live long enough, you'll collect more by starting your max benefits at 70 than you would be starting reduced benefits earlier. The same holds tr...
by JoeRetire
Tue Nov 13, 2018 1:33 pm
Forum: Investing - Help with Personal Investments
Topic: Social Security Question
Replies: 8
Views: 955

Re: Social Security Question

And the +8% for each year beyond the FRA (up to a certain limit) is not a compounded 8%, but additive. So if FRA is 66, you get 100% at age 66; 108% at age 67; 116% at age 68; 124% at age 68. I forget how far that goes, maybe 70 or so. It is 70. After 70, there is no increase in benefit amount due ...
by JoeRetire
Tue Nov 13, 2018 1:29 pm
Forum: Investing - Help with Personal Investments
Topic: Social Security Claiming Strategy - Seeking Confirmation
Replies: 30
Views: 2953

Re: Social Security Claiming Strategy - Seeking Confirmation

If I knew that both of us would live to age 80 - 85, I would say both collect at at 70. However, I believe there is a greater possibility that one of us could pass-away prior to age 80 - 82. I don't see the potential reward for the risk to have both of us wait until age 70 to collect. Yup. If you s...
by JoeRetire
Tue Nov 13, 2018 1:23 pm
Forum: Personal Finance (Not Investing)
Topic: Purchasing New Home - Down Payment 20 or 25%??
Replies: 19
Views: 1118

Re: Purchasing New Home - Down Payment 20 or 25%??

All_About_Benjis wrote:
Tue Nov 13, 2018 8:53 am
We've been quoted interest rates of 4.875% for 20% down and 4.75% for 25% down.

I think we can afford to put 25% down, though it would make our emergency fund on the low end of what I would like. My question is what would make the most sense for us financially.
Go for the 20% down.
by JoeRetire
Tue Nov 13, 2018 8:31 am
Forum: Personal Consumer Issues
Topic: Favorite "free stuff"?
Replies: 131
Views: 9723

Re: Favorite "free stuff"?

Libraries are not free to get books, you're paying for them with your property taxes. Since you pay your property taxes whether or not you use the library, getting books there is free. I moved to an unincorporated area where the library is not a line item on the property tax bill. To get access to ...
by JoeRetire
Tue Nov 13, 2018 8:23 am
Forum: Investing - Help with Personal Investments
Topic: Social Security Claiming Strategy - Seeking Confirmation
Replies: 30
Views: 2953

Re: Social Security Claiming Strategy - Seeking Confirmation

Too bad, indeed. On the other hand, the restricted application for spousal remains alive for those born on or before January 1, 1954. I fear that some will confuse the two strategies and just assume that both are now out of reach for everyone when it's not true, at least for a while. That "aggressi...
by JoeRetire
Tue Nov 13, 2018 8:20 am
Forum: Personal Consumer Issues
Topic: Florida BCBS through ACA: experiences/reviews
Replies: 10
Views: 694

Re: Florida BCBS through ACA: experiences/reviews

I would actually prefer to work two or three days a week since I love the job but there goes the insurance. I don’t really need the income and would like to have more control of my days. You say you don't really need the income, but are concerned about insurance. I don't think I understand. Are you...
by JoeRetire
Mon Nov 12, 2018 5:33 pm
Forum: Investing - Help with Personal Investments
Topic: Social Security Claiming Strategy - Seeking Confirmation
Replies: 30
Views: 2953

Re: Social Security Claiming Strategy - Seeking Confirmation

salecat0709 wrote:
Mon Nov 12, 2018 4:36 pm
I did File & Suspend the last year it was available. That was 4 years ago. Too bad it went away.
Too bad is right! That change cost me about $40k. Oh well.
by JoeRetire
Mon Nov 12, 2018 3:12 pm
Forum: Personal Finance (Not Investing)
Topic: Doing taxes by hand
Replies: 83
Views: 4811

Re: Doing taxes by hand

I'm not sure that software licenses don't allow you to run multiple people's taxes through the same computer. I'm quite sure. Read and understand the license agreement. I have. From Turbotax's website: The CD/Download product is a better overall value for people who prepare tax returns for their fr...
by JoeRetire
Mon Nov 12, 2018 3:07 pm
Forum: Investing - Help with Personal Investments
Topic: Social Security Claiming Strategy - Seeking Confirmation
Replies: 30
Views: 2953

Re: Social Security Claiming Strategy - Seeking Confirmation

Seeking confirmation of our SS claiming strategy: DW turns 62 in mid-2019. Her PIA will be approximately 1400/month. I am 18 months her junior and have an anticipated PIA of approximately 2950/month. Based on Mike Piper's opensocialsecurity tool, it suggests that DW should apply so that her social ...
by JoeRetire
Sat Nov 10, 2018 2:52 pm
Forum: Personal Finance (Not Investing)
Topic: Doing taxes by hand
Replies: 83
Views: 4811

Re: Doing taxes by hand

willthrill81 wrote:
Fri Nov 09, 2018 11:50 pm
I'm not sure that software licenses don't allow you to run multiple people's taxes through the same computer.
I'm quite sure. Read and understand the license agreement.
by JoeRetire
Sat Nov 10, 2018 2:49 pm
Forum: Personal Finance (Not Investing)
Topic: Doing taxes by hand
Replies: 83
Views: 4811

Re: Doing taxes by hand

Momus wrote:
Fri Nov 09, 2018 7:11 pm
Find a friend or two or three... who can split the cost with you. Buy the cd version... All you need the the software to download. Cheap trick of mine.
But not legal.
I guess you could just steal the CD - that would be even cheaper.
by JoeRetire
Sat Nov 10, 2018 2:45 pm
Forum: Personal Finance (Not Investing)
Topic: Doing taxes by hand
Replies: 83
Views: 4811

Re: Doing taxes by hand

I am attracted to the idea of doing my taxes by hand with no software. Because...? For 2018 I will have no itemized deductions but I will have ESPP and RSU sales, and of course contributions to retirement accounts. Is it a bad idea to do my taxes myself? I could easily cost myself $70 by doing some...
by JoeRetire
Thu Nov 08, 2018 12:57 pm
Forum: Personal Finance (Not Investing)
Topic: Financial coaching - license / certificate?
Replies: 6
Views: 562

Re: Financial coaching - license / certificate?

Quick question: Do you need any kind of license / certificate to start a personal finance coaching business? No. Just hang out your shingle announcing "Coach Neoseo: Personal Finance Coach" and you're all set. See: https://www.kitces.com/blog/financial-coaching-what-it-is-and-how-to-become-one/ Now...
by JoeRetire
Thu Nov 08, 2018 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: Long-term Care Insurance
Replies: 184
Views: 8793

Re: Long-term Care Insurance

Insurance salespeople always say that about all forms of insurance. And yet pretty much everyone buys several kinds of insurance. But most types of insurance are not as complicated as LTC insurance, aside from universal or variable life insurance. As you said "LTCi does not need to be complicated, ...
by JoeRetire
Thu Nov 08, 2018 12:09 pm
Forum: Personal Consumer Issues
Topic: Favorite "free stuff"?
Replies: 131
Views: 9723

Re: Favorite "free stuff"?

tennisplyr wrote:
Thu Nov 08, 2018 11:36 am
What is your favorite stuff that you get for free....it could be at retail or online.
I get my books in Kindle form from my local library.
by JoeRetire
Wed Nov 07, 2018 4:57 pm
Forum: Personal Finance (Not Investing)
Topic: Long-term Care Insurance
Replies: 184
Views: 8793

Re: Long-term Care Insurance

willthrill81 wrote:
Wed Nov 07, 2018 3:55 pm
Insurance salespeople always say that about all forms of insurance.
And yet pretty much everyone buys several kinds of insurance.
by JoeRetire
Wed Nov 07, 2018 4:51 pm
Forum: Personal Finance (Not Investing)
Topic: How much money are you leaving your kids after you die?
Replies: 234
Views: 14564

Re: How much money are you leaving your kids after you die?

rgs92 wrote:
Tue Nov 06, 2018 5:33 pm
Don' t forget to leave something to your pets. They can't earn their own way after you're gone.
You don't leave something to your pets. You leave something for your pets, via a trust.
by JoeRetire
Tue Nov 06, 2018 3:06 pm
Forum: Personal Consumer Issues
Topic: Mice [updated - not a mouse]
Replies: 54
Views: 4107

Re: Mice [updated - not a mouse]

For indoor rodents, I think it goes without saying that they should be eliminated using all means possible. They can cause a lot of damage to the house and they are health hazard. The outdoor ones are to be handled more carefully. Our neighbor set up a rat trap outdoor, but a rattle snake was caugh...
by JoeRetire
Tue Nov 06, 2018 2:57 pm
Forum: Personal Finance (Not Investing)
Topic: How much money are you leaving your kids after you die?
Replies: 234
Views: 14564

Re: How much money are you leaving your kids after you die?

I'm curious, especially for those with assets (or planned assets) over $1million. Do you plan to leave your kids nothing, some or everything? We have over $1M in assets. We plan to leave the kids whatever is left - nobody else will get anything. Depending on how the market does, that could be quite...
by JoeRetire
Tue Nov 06, 2018 2:20 pm
Forum: Personal Consumer Issues
Topic: Mice [updated - not a mouse]
Replies: 54
Views: 4107

Re: Mice [updated- not a mouse]

At least it wasn’t a juvenile skunk. Some years ago saw what looked like big rat scurry under garage refrig. Set rat trap. Middle of night heard awful racket in garage, when opened door the smell was almost overpowering, poor small skunk had foot caught in trap. Took almost week to get smell out of...
by JoeRetire
Mon Nov 05, 2018 7:13 pm
Forum: Personal Consumer Issues
Topic: Mice [updated - not a mouse]
Replies: 54
Views: 4107

Re: Mice [updated- not a mouse]

Your wife mistook a squirrel for a mouse? Indeed she did - she saw it for an instant at 3:00 in the morning before it disappeared under some furniture. She did say it looked like a large mouse, so there was some uncertainty until it fully emerged the following evening :happy It's understandable. Mi...
by JoeRetire
Mon Nov 05, 2018 10:09 am
Forum: Personal Consumer Issues
Topic: Mice [updated - not a mouse]
Replies: 54
Views: 4107

Re: Mice [updated- not a mouse]

Small Law Survivor wrote:
Sun Nov 04, 2018 7:33 pm
UPDATE: Well, it was not a mouse - it was a small/baby squirrel.
Your wife mistook a squirrel for a mouse?
by JoeRetire
Sun Nov 04, 2018 7:03 pm
Forum: Personal Consumer Issues
Topic: Mice [updated - not a mouse]
Replies: 54
Views: 4107

Re: Mice

Is there a solution? All of these: - thoroughly clean the house, making sure all crumbs and edibles are gone - never leave any food or mouse favorites on the counter - scatter plenty of traps, after first learning the best places to put the traps, empty and rebate the traps weekly - work on the hou...
by JoeRetire
Fri Nov 02, 2018 12:51 pm
Forum: Personal Finance (Not Investing)
Topic: HealthCare 2019 - No ACA Subsidy
Replies: 55
Views: 3938

Re: HealthCare 2019 - No ACA Subsidy

sperry8 wrote:
Fri Nov 02, 2018 7:30 am
Understood. But for all the things they don't cover, are they covered once the total out of pocket maximums are reached?
That isn't how "not covered" works.
And I have no pre-existing conditions.
Are you sure?

You haven't yet been diagnosed, but might have a condition.
by JoeRetire
Fri Nov 02, 2018 12:47 pm
Forum: Personal Finance (Not Investing)
Topic: HealthCare 2019 - No ACA Subsidy
Replies: 55
Views: 3938

Re: HealthCare 2019 - No ACA Subsidy

Very interesting. I just took a look at these 6 mo - 364 day short term plans. They are significantly cheaper for me. What is the downside of these plans? In my case I have NO pre-existing conditions. I basically carry the Bronze plan solely for a future unknown catastrophic event like heart attack...
by JoeRetire
Thu Nov 01, 2018 11:31 am
Forum: Investing - Help with Personal Investments
Topic: How to calculate SS at age 64
Replies: 4
Views: 714

Re: How to calculate SS at age 64

My wife is retiring next week and plans on filing for SS. She turned 64 in June of this year. The SS web site shows benefit amounts for ages 62, 66, and 70. How do we figure the benefit for ages 64 and 65? Why would you need the benefit for age 64? She's already older than that. SS benefits increas...
by JoeRetire
Thu Nov 01, 2018 6:49 am
Forum: Personal Finance (Not Investing)
Topic: Healthcare Decision
Replies: 8
Views: 1328

Re: Healthcare Decision

Thank you for the responses. As a clarification, my employer coverage stopped as of October 13, so I have 60 days, until December 13 to sign up for COBRA. This year my income is way over the ACA minimum, but next year I should be able to control withdrawals from retirement accounts and utilize non-...
by JoeRetire
Sun Oct 28, 2018 6:39 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a House - Mortgage or Cash?
Replies: 16
Views: 2022

Re: Buying a House - Mortgage or Cash?

I had always planned on putting at least 20% down and getting a 15 year mortgage within conforming loan limits, but in starting to research I'm put off by closing costs that seem a lot higher than I was expecting. I'm not sure what higher than expected closing costs have to do with your choice? Wou...
by JoeRetire
Sat Oct 27, 2018 11:17 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage payoff or save for next car?
Replies: 12
Views: 1070

Re: Mortgage payoff or save for next car?

I've already paid off about a thousand extra in two months. We are ten years from retirement and my goal is to pay it off by then. The question: We will be done with a $435 car payment soon. Should we put that money into a savings account and build it up for our next car, or should I bang that onto...
by JoeRetire
Fri Oct 26, 2018 7:15 pm
Forum: Personal Finance (Not Investing)
Topic: Mapfre Insurance - Boston Area
Replies: 16
Views: 749

Re: Mapfre Insurance - Boston Area

vpm8889 wrote:
Fri Oct 26, 2018 6:48 pm
Does anyone currently have, or have had Mapfre insurance? If so, what are/were your opinions of them as an insurance carrier? I am not sure if they are nationwide, so that's why I specified the Boston area.
I'm in the Boston area and have used Mapfre for years.
They seem fine.
by JoeRetire
Fri Oct 26, 2018 7:02 am
Forum: Investing - Help with Personal Investments
Topic: Financial Advice is a Ripoff, Here is What You Should Pay
Replies: 4
Views: 1243

Re: Financial Advice is a Ripoff, Here is What You Should Pay

While fees are important, this article (and site) read like they were written by a 12 year old.

And "This blog earns income through affiliate relationships with some of the companies mentioned within." - yup. That explains the links.
by JoeRetire
Thu Oct 25, 2018 6:46 pm
Forum: Personal Finance (Not Investing)
Topic: Beneficiary Allocation Model
Replies: 17
Views: 1136

Re: Beneficiary Allocation Model

Did your attorney say why he was suggesting specific monetary amounts?
by JoeRetire
Thu Oct 25, 2018 5:33 pm
Forum: Personal Finance (Not Investing)
Topic: social security maximize plan
Replies: 9
Views: 1084

Re: social security maximize plan

Data from social security admin. Husband Current age 64 PIA $ 2,713 Age 70 $ 3,605 Spouse Current age 58 PIA $ 1,834 Age 70 $ 2,541 Strategy: 1. all SS calculators agreed on husband to delay filing till age 70 2. the age for the spouse filing for retirement benefit was as low as 62 to 67 depending ...
by JoeRetire
Thu Oct 25, 2018 5:21 pm
Forum: Personal Finance (Not Investing)
Topic: Insurance to cover catastrophe health situation?
Replies: 26
Views: 1603

Re: Insurance to cover catastrophe health situation?

I am wondering how every else that don't have "normal" insurance offered by employer handle those potential catastrophe situations. I buy real insurance from the ACA marketplace. The kind that doesn't have such limits. I too was very healthy, until last November. So far, my cancer treatment costs h...
by JoeRetire
Thu Oct 25, 2018 7:38 am
Forum: Investing - Help with Personal Investments
Topic: Mother-in-law Portfolio
Replies: 15
Views: 1304

Re: Mother-in-law Portfolio

Thank you. You are correct that all monies are in mother in law's name. She doesn't like conflict and because my SIL is her primary caretaker, she tends to defer to her. It doesn't matter the reason. Your mother in law can do whatever she pleases with her money. While you can make the transactions ...
by JoeRetire
Wed Oct 24, 2018 7:16 pm
Forum: Investing - Help with Personal Investments
Topic: Mother-in-law Portfolio
Replies: 15
Views: 1304

Re: Mother-in-law Portfolio

My father-in-law passed away last year and I was asked by the 3 siblings if I would handle the estate paperwork because of prior experience I had. Has the estate transfered to your mother in law now? Her assets, upon her death will be distributed 1/3 to each of her adult children. My sister-in-law ...
by JoeRetire
Wed Oct 24, 2018 7:07 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security maximize plan for parents
Replies: 6
Views: 678

Re: Social Security maximize plan for parents

I didn't wanted to make any assumptions on life span, dont to jinax anything. Just hope everyone continue to "live long and prosper" :beer You must make some assumptions about lifespan. For example, if you were expecting a very short lifespan for both parents, it might make sense to start benefits ...
by JoeRetire
Wed Oct 24, 2018 2:12 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security maximize plan for parents
Replies: 6
Views: 678

Re: Social Security maximize plan for parents

I didn't wanted to make any assumptions on life span, dont to jinax anything. Just hope everyone continue to "live long and prosper" :beer You must make some assumptions about lifespan. For example, if you were expecting a very short lifespan for both parents, it might make sense to start benefits ...
by JoeRetire
Wed Oct 24, 2018 2:06 pm
Forum: Investing - Theory, News & General
Topic: The ship metaphor
Replies: 24
Views: 2016

Re: The ship metaphor

bengal22 wrote:
Wed Oct 24, 2018 1:26 pm
Just remember that everything will be OK in the end.

If things aren't OK then its not the end.
In the end, we're all dead.
And that's okay.
by JoeRetire
Tue Oct 23, 2018 8:06 am
Forum: Personal Finance (Not Investing)
Topic: Assume existing mortgage
Replies: 2
Views: 312

Re: Assume existing mortgage

mrgeeze wrote:
Tue Oct 23, 2018 7:40 am
I reckon I need a lawyer.
Any idea how much I will pay for this privilege.
You reckon correctly.

No idea how much it will cost. Shop around.
by JoeRetire
Mon Oct 22, 2018 8:33 pm
Forum: Investing - Theory, News & General
Topic: "Investing versus debt pay-off?"
Replies: 31
Views: 1979

Re: "Investing versus debt pay-off?"

Good article but "# 7 If Unsure, Split the Difference" is rather weak.
by JoeRetire
Mon Oct 22, 2018 2:48 pm
Forum: Personal Consumer Issues
Topic: Car Dealer told us car was Certified, but it isnt
Replies: 80
Views: 5383

Re: Car Dealer told us car was Certified, but it isnt

Thegame14 wrote:
Mon Oct 22, 2018 1:25 pm
I don't care about paperwork, a verbal contract is as good as written.
You still believe that?
by JoeRetire
Sun Oct 21, 2018 5:46 pm
Forum: Personal Consumer Issues
Topic: Do I need to buy laptop software?
Replies: 32
Views: 2682

Re: Do I need laptop software?

Buy a Chromebook and use Google apps.
by JoeRetire
Sat Oct 20, 2018 5:28 pm
Forum: Investing - Help with Personal Investments
Topic: Am I doing it right?
Replies: 17
Views: 1503

Re: Am I doing it right?

Do you have an HSA available to you? That would be a good place to put some money.
by JoeRetire
Sat Oct 20, 2018 3:49 pm
Forum: Personal Consumer Issues
Topic: Pull kids from school for vacations?
Replies: 136
Views: 6044

Re: Pull kids from school for vacations?

I'm curious how others feel about this. Did you pull your kids from school to go on amazing family vacations or was school too important and you planned all trips around the school schedule? Our message to our sons was always that learning was important, and that school was their #1 job. We wanted ...
by JoeRetire
Fri Oct 19, 2018 12:47 pm
Forum: Investing - Theory, News & General
Topic: So...what’s Plan B [for your retirement security]?
Replies: 32
Views: 3521

Re: So...what’s Plan B [for your retirement security]?

What if you realize your plan is obviously failing? Then I reassess and come up with another plan. Without now knowing the reason why my fully-thought-out current plan is obviously failing, then I obviously can't come up with an alternative yet. Any viable alternative will have to overcome the fail...