Search found 1505 matches

by JoeRetire
Tue Sep 25, 2018 6:34 pm
Forum: Investing - Help with Personal Investments
Topic: Should I sell or rent my house?
Replies: 6
Views: 348

Re: Should I sell or rent my house?

This is in California. Purchased home for 525k and now worth about 850k. 13 years left on mortgage at 2.675% rate. Property taxes about 540 a month (prop 13). Total current expenses around 3200 a month. Would probably rent out for 3500-3750 a month. Should I sell or rent it out? Never been a landlo...
by JoeRetire
Tue Sep 25, 2018 6:20 pm
Forum: Personal Finance (Not Investing)
Topic: Fed up with health insurance situation
Replies: 105
Views: 5597

Re: Fed up with health insurance situation

zzcooper123 wrote:
Tue Sep 25, 2018 5:49 pm
I believe there will be significant announcements regarding healthcare over the next 6 weeks.
I'll have to bookmark this thread. I'm not confident in predicting anything of significance past 1 day.
by JoeRetire
Tue Sep 25, 2018 6:15 pm
Forum: Investing - Help with Personal Investments
Topic: Should I sell or rent my house?
Replies: 6
Views: 348

Re: Should I sell or rent my house?

This is in California. Purchased home for 525k and now worth about 850k. 13 years left on mortgage at 2.675% rate. Property taxes about 540 a month (prop 13). Total current expenses around 3200 a month. Would probably rent out for 3500-3750 a month. Should I sell or rent it out? Never been a landlo...
by JoeRetire
Tue Sep 25, 2018 5:59 pm
Forum: Investing - Theory, News & General
Topic: Equities as a hedge against inflation
Replies: 20
Views: 957

Re: Equities as a hedge against inflation

1. I doubt I’d be convinced with 10 times the amount of data we have, but we don’t have a lot of data. And the data we do have is biased. We use about 80 or so years of 20th century US data (biased because it comes from precisely the period in our history that we became the dominant world power) to...
by JoeRetire
Tue Sep 25, 2018 4:08 pm
Forum: Personal Consumer Issues
Topic: Vacation without saving adequately?
Replies: 53
Views: 3026

Re: Vacation without saving adequately?

I am feeling regret as we went on a ski trip last year and our kids had a blast (Ages 6 and 8) and wish we would have adequately saved throughout the year to do it again. Was initially thinking this might be an every other year thing but the kids are growing up fast and we aren't getting any younge...
by JoeRetire
Tue Sep 25, 2018 4:05 pm
Forum: Personal Finance (Not Investing)
Topic: Fed up with health insurance situation
Replies: 105
Views: 5597

Re: Fed up with health insurance situation

SeekingAPlan wrote:
Tue Sep 25, 2018 3:55 pm
Prior to ACA many of us got turned away for having a pre-existing condition.
That is one of the big worries for many of us - being uninsurable due to pre-existing conditions should the ACA go away.
by JoeRetire
Tue Sep 25, 2018 3:53 pm
Forum: Personal Finance (Not Investing)
Topic: Fed up with health insurance situation
Replies: 105
Views: 5597

Re: Fed up with health insurance situation

This may work for you but I wonder how old the OP's employees are. I am 60 and currently using Cobra. An ACA plan for just me would cost more than what OP says he pays for 3 people. My Cobra is a little lower because many members of my former employer group were much younger. Yup, everyone is diffe...
by JoeRetire
Tue Sep 25, 2018 12:29 pm
Forum: Personal Finance (Not Investing)
Topic: Fed up with health insurance situation
Replies: 105
Views: 5597

Re: Fed up with health insurance situation

This may work for you but I wonder how old the OP's employees are. I am 60 and currently using Cobra. An ACA plan for just me would cost more than what OP says he pays for 3 people. My Cobra is a little lower because many members of my former employer group were much younger. Yup, everyone is diffe...
by JoeRetire
Tue Sep 25, 2018 12:21 pm
Forum: Personal Finance (Not Investing)
Topic: 2019 ACA prices out
Replies: 41
Views: 3571

Re: 2019 ACA prices out

Yes - that would be interesting if after the smoke clears, it's ruled that the mandate has to be enforced - do we get a 2019 rebate since the pricing was based on less younger members in the pool. There are also some indications of companies making money on the plans so that points to more stabiliz...
by JoeRetire
Tue Sep 25, 2018 7:51 am
Forum: Personal Finance (Not Investing)
Topic: Long Term Care
Replies: 77
Views: 3669

Re: Long Term Care

WoW2012 wrote:
Mon Sep 24, 2018 11:47 pm
OMG. Those single-premium policies are the WORST unless you have health problems and can't qualify for anything else.
The worst in what way? What makes them the worst?
by JoeRetire
Tue Sep 25, 2018 7:40 am
Forum: Personal Finance (Not Investing)
Topic: 2019 ACA prices out
Replies: 41
Views: 3571

Re: 2019 ACA prices out

Yes - that would be interesting if after the smoke clears, it's ruled that the mandate has to be enforced - do we get a 2019 rebate since the pricing was based on less younger members in the pool. There are also some indications of companies making money on the plans so that points to more stabiliz...
by JoeRetire
Mon Sep 24, 2018 6:39 pm
Forum: Investing - Help with Personal Investments
Topic: Should we pay off $90K mortgage with idle cash or not?
Replies: 25
Views: 2717

Re: Should we pay off $90K mortgage with idle cash or not?

Factor1 wrote:
Mon Sep 24, 2018 5:30 pm
JoeRetire wrote:
Mon Sep 24, 2018 7:18 am
Factor1 wrote:
Sun Sep 23, 2018 4:45 pm
If we do not pay off the mortgage, we do not plan to invest the cash into the market. It will stay in a safe investment.
Why?
Will invest in CD's.
That's not an answer to "Why?"
by JoeRetire
Mon Sep 24, 2018 3:23 pm
Forum: Personal Finance (Not Investing)
Topic: Leasing Cars in Retirement
Replies: 97
Views: 6995

Re: Leasing Cars in Retirement

Wanted to get others thoughts on leasing cars in retirement in lieu of triggering an additional taxable event by spending down investments. Thinking $350 or so monthly for three years within mileage allowances, wash and repeat. Pluses are covered maintenance and investments continue to grow. Please...
by JoeRetire
Mon Sep 24, 2018 3:18 pm
Forum: Personal Finance (Not Investing)
Topic: Long Term Care
Replies: 77
Views: 3669

Re: Long Term Care

WoW2012 wrote:
Mon Sep 24, 2018 3:01 pm
A put that costs only 13 basis points is pretty much a no-brainer.
We'll have to agree to disagree on the brainer-ness here.
by JoeRetire
Mon Sep 24, 2018 3:06 pm
Forum: Personal Finance (Not Investing)
Topic: Fed up with health insurance situation
Replies: 105
Views: 5597

Re: Fed up with health insurance situation

Anyone ever find themselves in a similar situation? Perhaps things are dramatically worse than they were a few years back when I was still working. Or perhaps its your locale. Although premiums continue to rise, I haven't heard similar complaints from my still-working friends. You haven't heard of ...
by JoeRetire
Mon Sep 24, 2018 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: Fed up with health insurance situation
Replies: 105
Views: 5597

Re: Fed up with health insurance situation

Thegame14 wrote:
Mon Sep 24, 2018 2:25 pm
but it isn't like the old days when grandparents got old they moved into a back bedroom with their kids and passed away in their sleep
You could choose to do just that. There's nothing at all stopping you.
by JoeRetire
Mon Sep 24, 2018 2:27 pm
Forum: Personal Finance (Not Investing)
Topic: Fed up with health insurance situation
Replies: 105
Views: 5597

Re: Fed up with health insurance situation

aristotelian wrote:
Mon Sep 24, 2018 2:13 pm
We only pay $100/mo fornour HSA because the employer is picking up something like $15K.
I assume you meant your "health insurance premiums" rather than your "HSA" (health savings account), right?
by JoeRetire
Mon Sep 24, 2018 2:17 pm
Forum: Personal Finance (Not Investing)
Topic: Long Term Care
Replies: 77
Views: 3669

Re: Long Term Care

With our assets ($4.9M after we sell the house) is self-insuring the best route Yes If your portfolio is $4 million, would you alter your investment mix to gain an extra 0.2% per year, if the new investment mix could result in you losing hundreds of thousands of dollars? That's what you're recommen...
by JoeRetire
Mon Sep 24, 2018 2:12 pm
Forum: Personal Finance (Not Investing)
Topic: Fed up with health insurance situation
Replies: 105
Views: 5597

Re: Fed up with health insurance situation

Anyone ever find themselves in a similar situation? No. I worked for lots of smaller software companies. Apparently they all had better health care plans. As part owner, I assume you have some influence over the plan your company chooses. I'm sure this is just part of the entire benefits package yo...
by JoeRetire
Mon Sep 24, 2018 11:09 am
Forum: Personal Finance (Not Investing)
Topic: How to best plan for future large expenses?
Replies: 9
Views: 587

Re: How to best plan for future large expenses?

Third big expense - Baby #2 will go to daycare, we have basically narrowed it down to 2 choices. One is big chain daycare cost is $1,400 a month but with a 10% prepay discount, they said can do 6 or 12months in advance. This seems like a great thing to take advantage of, so this will come out of em...
by JoeRetire
Mon Sep 24, 2018 11:02 am
Forum: Personal Finance (Not Investing)
Topic: Long Term Care
Replies: 77
Views: 3669

Re: Long Term Care

I Have always thought that LTCi was over priced and a waste of money in the long term. Of course, insurance agents will advise you that this is incorrect. I know that I have saved many thousands of $s over the last 10 years by assuming the LTC risk myself. I wonder how many people decide to self-in...
by JoeRetire
Mon Sep 24, 2018 7:26 am
Forum: Investing - Help with Personal Investments
Topic: Take out 15 year Mortgage in time we have left?
Replies: 5
Views: 1034

Re: Take out 15 year Mortgage in time we have left?

I’m 64 and my wife is 57, living in our future retirement home. I plan to work 3 more years and my wife 62 is planning another 5 years. Our dream home has a $390k mortgage (30 year fixed 3.75%). So your "dream home" is your current and future retirement home? The provocative question is, should we ...
by JoeRetire
Mon Sep 24, 2018 7:18 am
Forum: Investing - Help with Personal Investments
Topic: Should we pay off $90K mortgage with idle cash or not?
Replies: 25
Views: 2717

Re: Should we pay off $90K mortgage with idle cash or not?

Factor1 wrote:
Sun Sep 23, 2018 4:45 pm
If we do not pay off the mortgage, we do not plan to invest the cash into the market. It will stay in a safe investment.
Why?
by JoeRetire
Sun Sep 23, 2018 5:46 pm
Forum: Personal Finance (Not Investing)
Topic: Long Term Care
Replies: 77
Views: 3669

Re: Long Term Care

ready53 wrote:
Sun Sep 23, 2018 3:04 pm
With our assets ($4.9M after we sell the house) is self-insuring the best route
Yes
by JoeRetire
Sun Sep 23, 2018 7:26 am
Forum: Investing - Help with Personal Investments
Topic: How do I allocate social security in retirement?
Replies: 19
Views: 1779

Re: How do I allocate social security in retirement?

As the poster above me said, SS is an income stream. Guaranteed. So count as income. Just like a pension. Then figure out how much income you need from investments. sS is not an investment. This. Social Security benefits are an income stream. They aren't investments. They aren't bonds. Treat this i...
by JoeRetire
Fri Sep 21, 2018 8:42 pm
Forum: Personal Finance (Not Investing)
Topic: Reverse Mortgages - Pros, Cons
Replies: 55
Views: 3765

Re: Reverse Mortgages - Pros, Cons

drawpoker wrote:
Fri Sep 21, 2018 2:25 pm
Never heard of this guy
You never heard of Wade Pfau? Seriously?

You've been here over 4 years. In that period of time, he has been mentioned at least100 times (you can search for "Wade Pfau" using the Google tool in the upper-right).

Perhaps you missed it.
by JoeRetire
Fri Sep 21, 2018 10:48 am
Forum: Personal Finance (Not Investing)
Topic: Another mortgage repayment thread..
Replies: 30
Views: 2207

Re: Another mortgage repayment thread..

Would you borrow $275k at 2.75% interest to invest today? If yes, then invest the money. If not, then pay off the mortgage. Are the investments returning more than 2.75% ? If not, then sell and pay off the mortgage (and find new investments that return more). If not, then stay invested. That is not...
by JoeRetire
Fri Sep 21, 2018 10:46 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Claiming Strategy review
Replies: 19
Views: 1557

Re: Social Security Claiming Strategy review

SpideyIndexer wrote:
Fri Sep 21, 2018 10:22 am
Is it ever better to get less Social Security payments? That seems surprising.
If you need the money, then taking lower SS payments starting at 62 is certainly better, and not very surprising.
by JoeRetire
Fri Sep 21, 2018 10:44 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Claiming Strategy review
Replies: 19
Views: 1557

Re: Social Security Claiming Strategy review

How do all these 'maximize SS ' posts take into consideration the affects outside of SS such as potential Roth conversions, other pensions, RMD's , potential single spouse etc? They all handle "single spouse", most handle "other pensions". I don't know of any that take RMDs or potential Roth conver...
by JoeRetire
Thu Sep 20, 2018 11:52 am
Forum: Personal Finance (Not Investing)
Topic: Another mortgage repayment thread..
Replies: 30
Views: 2207

Re: Another mortgage repayment thread..

willthrill81 wrote:
Wed Sep 19, 2018 10:39 pm
Would you borrow $275k at 2.75% interest to invest today? If yes, then invest the money. If not, then pay off the mortgage.
Are the investments returning more than 2.75% ? If not, then sell and pay off the mortgage (and find new investments that return more). If not, then stay invested.
by JoeRetire
Thu Sep 20, 2018 11:47 am
Forum: Personal Consumer Issues
Topic: Don't trust Tripadvisor reviews
Replies: 64
Views: 6713

Re: Don't trust Tripadvisor reviews

BogleMelon wrote:
Thu Sep 20, 2018 8:37 am
Just wanted to spread the word out, so those of you who trust their reviews may reconsider.
You are saying that you can't trust reviews done by anonymous internet individuals?

I'm shocked and chagrined! Mortified and stupefied!

:shock:
by JoeRetire
Thu Sep 20, 2018 6:50 am
Forum: Personal Consumer Issues
Topic: HOA Donation in Remembrance of Deceased Owner
Replies: 40
Views: 2950

Re: HOA Donation in Remembrance of Deceased Owner

How common is it across the United States for HOA's (Homeowner Associations) to use association funds to donate to a charity or to buy flowers for the family in memory of a recently deceased owner/member of the HOA? I don't think this is a proper use of HOA funds as not every single member benefits...
by JoeRetire
Thu Sep 20, 2018 6:38 am
Forum: Personal Finance (Not Investing)
Topic: Reverse Mortgages - Pros, Cons
Replies: 55
Views: 3765

Re: Reverse Mortgages - Pros, Cons

Ask him/her to redo the plan without the reverse mortgage. I would leave that as a last resort. +1 One problem with people taking a reverse mortgage when they are relatively young is that it can defer people having to cut back on a lifestyle that they really cannot afford. ??? What if they can affo...
by JoeRetire
Wed Sep 19, 2018 6:15 pm
Forum: Personal Finance (Not Investing)
Topic: Reverse Mortgages - Pros, Cons
Replies: 55
Views: 3765

Re: Reverse Mortgages - Pros, Cons

Ask him/her to redo the plan without the reverse mortgage. I would leave that as a last resort. +1 One problem with people taking a reverse mortgage when they are relatively young is that it can defer people having to cut back on a lifestyle that they really cannot afford. ??? What if they can affo...
by JoeRetire
Wed Sep 19, 2018 6:13 pm
Forum: Personal Finance (Not Investing)
Topic: Reverse Mortgages - Pros, Cons
Replies: 55
Views: 3765

Re: Reverse Mortgages - Pros, Cons

Financial advisor calculated our retirement assuming we would take a reverse mortgage on our home. I am not that familiar with them. What are their pros and cons? Didn't you ask your financial adviser this question? Is your adviser a fiduciary? How old are you and your spouse? In some cases, a reve...
by JoeRetire
Wed Sep 19, 2018 4:40 pm
Forum: Personal Finance (Not Investing)
Topic: Elderly parents are in debt - Need advice
Replies: 39
Views: 4667

Re: Elderly parents are in debt - Need advice

My parents, both in their seventies, have a lot of debt and no assets except a small amount of equity in their home. They owe money on their car, they have thousands (about 45k) in credit card debt, and they have other personal loans. They have zero in cash savings. They are looking into filing for...
by JoeRetire
Wed Sep 19, 2018 6:50 am
Forum: Personal Finance (Not Investing)
Topic: Pay-off or keep mortgage with 2018 interest deduction changes?
Replies: 17
Views: 1627

Re: Pay-off or keep mortgage with 2018 interest deduction changes?

We have an outstanding mortgage of approximately $325,000 at 3.5% by choice. we could pay off the mortgage but have chosen to invest the "extra" $325,000 with the belief that we can obtain a greater return than 2.66% So do you believe that you can obtain a greater return than 3.5% ? If so, then not...
by JoeRetire
Wed Sep 19, 2018 6:31 am
Forum: Personal Consumer Issues
Topic: Dental work and hypertension issue
Replies: 42
Views: 3336

Re: Dental work and hypertension issue

Anybody here experience being denied dental work due to above normal blood pressure? So, what options do I have? Talk to a dentist that practices oral conscious sedation. I wouldn't expect HMO prices with an oral conscious sedation dentist. I have noticed that sometimes using laughing gas brings pa...
by JoeRetire
Tue Sep 18, 2018 2:33 pm
Forum: Personal Consumer Issues
Topic: Dental work and hypertension issue
Replies: 42
Views: 3336

Re: Dental work and hypertension issue

Zonian59 wrote:
Tue Sep 18, 2018 2:12 pm
Anybody here experience being denied dental work due to above normal blood pressure?

So, what options do I have?
Talk to a dentist that practices oral conscious sedation.
by JoeRetire
Tue Sep 18, 2018 7:38 am
Forum: Personal Finance (Not Investing)
Topic: Delaying SS? How Long It Will Take for It to Pay Off?
Replies: 53
Views: 5084

Re: Delaying SS? How Long It Will Take for It to Pay Off?

alter wrote:
Mon Sep 17, 2018 2:11 pm
My simple response to that is suppose you die at 69, then what? ;) In that case my scenario still wins.
You are dead but you won. Yay?
by JoeRetire
Tue Sep 18, 2018 7:32 am
Forum: Investing - Help with Personal Investments
Topic: Questions about parents retirement accounts
Replies: 5
Views: 542

Re: Questions about parents retirement accounts

The funds for the new house will come from Mother's IRA + savings account Money from the sale of their current house Some contribution from my uncle and my wife and I Why are your uncle and you contributing toward the house rather than taking it out of your parents' 401k? From what I understand, if...
by JoeRetire
Mon Sep 17, 2018 5:51 pm
Forum: Personal Finance (Not Investing)
Topic: Yet another SS question - filing sequence
Replies: 3
Views: 458

Re: Yet another SS question - filing sequence

My filing would be a restricted application for a spousal benefit on her benefit, correct? Correct. Do I need to do anything else with respect to delaying my benefit until 2023 except wait and file again for my own benefit then? No. My understanding is that I cannot file a restricted application fo...
by JoeRetire
Mon Sep 17, 2018 8:11 am
Forum: Personal Finance (Not Investing)
Topic: Delaying Social Security Until 70
Replies: 115
Views: 8975

Re: Delaying Social Security Until 70

JW-Retired wrote:
Sun Sep 16, 2018 11:55 am
I think most states are pretty similar in giving SS a pass.
true.

13 states tax Social Security benefits.
37 states do not.
by JoeRetire
Mon Sep 17, 2018 8:09 am
Forum: Personal Finance (Not Investing)
Topic: Delaying Social Security Until 70
Replies: 115
Views: 8975

Re: Delaying Social Security Until 70

GeoffD wrote:
Sun Sep 16, 2018 11:52 am
Taxes are going up. It's a matter of when.
There's no doubt about that.
by JoeRetire
Mon Sep 17, 2018 8:08 am
Forum: Personal Finance (Not Investing)
Topic: Delaying Social Security Until 70
Replies: 115
Views: 8975

Re: Delaying Social Security Until 70

About those 2% who do wait until 70 to start SS: Morgan Housel wrote that most people are not good at saving, therefore you have to act differently than most, to be a saver. By definition, those 2% who wait until 70 "act differently than most". And I suspect part of that acting differently has to d...
by JoeRetire
Mon Sep 17, 2018 7:56 am
Forum: Personal Finance (Not Investing)
Topic: Delaying Social Security Until 70
Replies: 115
Views: 8975

Re: Delaying Social Security Until 70

hulburt1 wrote:
Sun Sep 16, 2018 8:35 am
So as I understand that I could take my SS at 66. My wife is younger by 3 years and has a bigger ss coming. If she plan on taking at 70 but dies on the way. At my 70 I can switch to her SS that she would get at 70.
No.

If she dies before 70, you cannot receive what she would have gotten at 70.
by JoeRetire
Mon Sep 17, 2018 7:50 am
Forum: Personal Finance (Not Investing)
Topic: Delaying Social Security Until 70
Replies: 115
Views: 8975

Re: Delaying Social Security Until 70

If you are single the calculations are simple :all that matters is how long you willlive My father died at 55 my mom at 75.I understood I would have to live till 78 to come out ahead if I waited till 70 so I didn't take it at 62 but took it when I retired. ifI am wrong won't go broke and taking it ...
by JoeRetire
Sat Sep 15, 2018 4:37 pm
Forum: Personal Finance (Not Investing)
Topic: Delaying Social Security Until 70
Replies: 115
Views: 8975

Re: Delaying Social Security Until 70

Personally, I think the terms used by Social Security tend to make people think they are better off taking their benefits as soon as they can. Terms like: - Early Retirement - Full Retirement Age - Delayed Retirement Credits I think these all lead to earlier claiming. If instead the terms were more ...
by JoeRetire
Sat Sep 15, 2018 2:17 pm
Forum: Investing - Theory, News & General
Topic: DOW [Closing price on Sep 14, 2018]
Replies: 15
Views: 2644

Re: DOW

Maybe
by JoeRetire
Sat Sep 15, 2018 7:58 am
Forum: Personal Consumer Issues
Topic: Smart thermostat issue - do I redo the wiring or add a transformer?
Replies: 14
Views: 1081

Re: Smart thermostat issue - do I redo the wiring or add a transformer?

We have an old honeywell round thermostat for heating only. It has the standard 2 wire thermostat wire. From all I've seen, for us to upgrade to a smart thermostat, I need the dreaded C wire. I bought a Nest specifically because it doesn't need a C wire. Has worked fine for years. I got it for my w...