Search found 870 matches

by JoeRetire
Wed Jun 20, 2018 5:47 pm
Forum: Personal Finance (Not Investing)
Topic: MIL passed- question about her Social Security
Replies: 18
Views: 2000

Re: MIL passed- question about her Social Security

ColoRetiredGirl wrote:
Wed Jun 20, 2018 4:08 pm
Thanks I fix my typo. Yes I understand it may add a little to SS depletion but all the give-always add up. Let me know if I have any other typos.🙂
Okay. :happy

You probably meant to write "giveaways".
by JoeRetire
Wed Jun 20, 2018 3:54 pm
Forum: Personal Finance (Not Investing)
Topic: MIL passed- question about her Social Security
Replies: 18
Views: 2000

Re: MIL passed- question about her Social Security

ColoRetiredGirl wrote:
Wed Jun 20, 2018 3:51 pm
Really! Both getting the same full SS amount! Really??? If so, no wonder the fund will be depleted. I plan to face check this. 🤔
Yes really. This aspect of social security has very little impact on the fund being depleted.

I don't know what "face check" means. Is that anything like a hip check?
by JoeRetire
Wed Jun 20, 2018 3:40 pm
Forum: Personal Finance (Not Investing)
Topic: MIL passed- question about her Social Security
Replies: 18
Views: 2000

Re: MIL passed- question about her Social Security

ColoRetiredGirl wrote:
Tue Jun 19, 2018 3:59 pm
If she was married to the first husband for 10 or more years, the first may have dibs on some of her SS.
Even if the first ex has dibs on some of her SS, that doesn't impact the benefit the second husband may receive.
Both may be able to claim a survivor's benefit without impacting each other.
by JoeRetire
Wed Jun 20, 2018 6:23 am
Forum: Investing - Help with Personal Investments
Topic: Financial Engines Financial Advisor Question
Replies: 7
Views: 744

Re: Financial Engines Financial Advisor Question

Thanks all for the feedback! This is where my head assumed I’d land after finding this forum and reading through posts the last year or two, but thought I’d ask to get a resounding confirmation. Appreciate the input as always. :sharebeer If you only wanted a confirmation, you clearly came to the ri...
by JoeRetire
Tue Jun 19, 2018 5:48 pm
Forum: Personal Finance (Not Investing)
Topic: Long term care insurance
Replies: 3
Views: 545

Re: Long term care insurance

Why were you declined?
by JoeRetire
Tue Jun 19, 2018 5:45 pm
Forum: Personal Finance (Not Investing)
Topic: 0% credit card interest for lawnmower
Replies: 15
Views: 746

Re: 0% credit card interest for lawnmower

I have looked at the commercial kubotas and scags but cant justify spending that much for a mower right now. I only mow about 3/4 acre that is very level. I’m gonna take my chances with a lowes hustler raptor with a 52 inch deck. They have kawasaki engines and a fabricated deck. If i can get at 4 y...
by JoeRetire
Tue Jun 19, 2018 5:39 pm
Forum: Investing - Help with Personal Investments
Topic: Can I break the tape in 5 years?????
Replies: 23
Views: 2518

Re: Can I break the tape in 5 years?????

Out of curiosity, has anyone else partially retired but taken a much lower paying but more enjoyable job just for the healthcare for a few years? I retired and did some part-time consulting for a while. Not because I needed healthcare, but because I enjoyed it. Work can be a lot more fun once you a...
by JoeRetire
Tue Jun 19, 2018 5:32 pm
Forum: Personal Finance (Not Investing)
Topic: I don't trust my own estimate of expenses
Replies: 28
Views: 1954

Re: I don't trust my own estimate of expenses

Has anyone used what they feel is a good source/book/calculator for this? I am happy to spend the time if I can count on a valid outcome. You would think with technology today, and the low usage of cash vs. plastic, this should be a snap! If you shop using credit cards and debit cards, most of thei...
by JoeRetire
Tue Jun 19, 2018 3:36 pm
Forum: Personal Finance (Not Investing)
Topic: Lost job. Take early SS or draw from accounts?
Replies: 54
Views: 5788

Re: Lost job. Take early SS or draw from accounts?

But I'd like to hear an understanding from you on the "delay SS benefits" statement. That's 7 years of SS checks she isn't going to see. For well-off folks like us with a money cushion, seems like a no-brainer. But we're faced with a low-income woman who has serious medical issues and a family hist...
by JoeRetire
Tue Jun 19, 2018 3:25 pm
Forum: Investing - Help with Personal Investments
Topic: Am I on track to retire at 55?
Replies: 23
Views: 2230

Re: Am I on track to retire at 55?

jnk715 wrote:
Tue Jun 19, 2018 10:24 am
Cash: 225k
Why?
by JoeRetire
Tue Jun 19, 2018 7:20 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 6639
Views: 1433982

Re: Anyone buying today?

Yes, I know the Market could drop again tomorrow or go right back up. One thing I do know for sure is I can purchase more shares of TSM today than I could yesterday. Do you always buy TSM whenever you suspect that you can purchase more today than yesterday? If not, then what is special about today?
by JoeRetire
Mon Jun 18, 2018 6:32 pm
Forum: Personal Finance (Not Investing)
Topic: Invest more or accelerate mortgage payoff?
Replies: 15
Views: 936

Re: Invest more or accelerate mortgage payoff?

conlaw1234 wrote:
Mon Jun 18, 2018 4:48 pm
I'm okay with paying off the student debt with the minimum payments since the rate is low.
If you consider the rate on the student loan as "low", then I would expect you to also consider the mortgage rate "low".
by JoeRetire
Mon Jun 18, 2018 6:25 pm
Forum: Investing - Help with Personal Investments
Topic: Retire at 50: Should I?
Replies: 71
Views: 8081

Re: Retire at 50: Should I?

ExitStageLeft wrote:
Mon Jun 18, 2018 6:20 pm
She still plans on working?
"Her: 54, not working (and loving it)."
by JoeRetire
Mon Jun 18, 2018 6:23 pm
Forum: Investing - Help with Personal Investments
Topic: Retire at 50: Should I?
Replies: 71
Views: 8081

Re: Retire at 50: Should I?

So if you've read this far, please take another minute and tell me what you think. Does it look like I'm in good shape for retirement at age 50 and a half? Yes. Any advice? Stay flexible. You seem to be in terrific shape, but it also appears you can expect quite a long retirement. For that long a p...
by JoeRetire
Mon Jun 18, 2018 6:11 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security advice needed
Replies: 28
Views: 1913

Re: Social Security advice needed

Under the current law, the reduction would impact everyone's social security benefits by an equal percent. According to a recent report (last week!) by the Congressional Research Service, https://fas.org/sgp/crs/misc/RL33514.pdf The Social Security Act does not stipulate what would happen to benefi...
by JoeRetire
Mon Jun 18, 2018 6:06 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security advice needed
Replies: 28
Views: 1913

Re: Social Security advice needed

Is it against board guidelines to suggest that the reduction in benefits is hardly "likely"? Good point. That reduction is pretty much assured under current law, if we take the SSA's accounting at face value, which I do... Who would the reduction affect? Everyone? or just people filing in that year...
by JoeRetire
Mon Jun 18, 2018 5:46 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security advice needed
Replies: 28
Views: 1913

Re: Social Security advice needed

Have you included the likely reduction in benefits in 2034 of 25%? Is it against board guidelines to suggest that the reduction in benefits is hardly "likely"? Good point. That reduction is pretty much assured under current law, if we take the SSA's accounting at face value, which I do... Who would...
by JoeRetire
Mon Jun 18, 2018 3:24 pm
Forum: Personal Consumer Issues
Topic: Best watch for around $5,000?
Replies: 1115
Views: 269724

Re: Best watch for around $5,000?

I always like these threads. Most berate, belittle and otherwise consider anyone with a watch more than a basic Timex an idiot and into material things at the sacrifice of experiences. And they never pass on the opportunity in any thread where a watch more than $35 is mentioned. Blah, blah, blah......
by JoeRetire
Mon Jun 18, 2018 3:19 pm
Forum: Personal Finance (Not Investing)
Topic: Would you pay off mortgage in my situation?
Replies: 31
Views: 2379

Re: Would you pay off mortgage in my situation?

I have a 3.375% 30 year mortgage with 200 monthly payments and 130K principal left. I am thinking to pay it off in next couple of months. That will use all liquidity except in our emergency fund (20K) and I would save about 37K in remaining mortgage interest. I am inclined on paying it off as it gi...
by JoeRetire
Mon Jun 18, 2018 12:16 pm
Forum: Personal Consumer Issues
Topic: Best watch for around $5,000?
Replies: 1115
Views: 269724

Re: Best watch for around $5,000?

IMHO, the best $5000 watch, is a $50 timex plus $4950 in investments.
by JoeRetire
Mon Jun 18, 2018 12:11 pm
Forum: Investing - Help with Personal Investments
Topic: Having a hard time pulling the trigger...
Replies: 25
Views: 2352

Re: Having a hard time pulling the trigger...

My reservation around investing in VTI right now is that the market is pretty close to an all-time high and it ramped up very quickly after our last election so I fear I have missed on the gains and won't see those in the future with a much larger down-side potential (market correction). That reall...
by JoeRetire
Mon Jun 18, 2018 12:06 pm
Forum: Personal Consumer Issues
Topic: Where to purchase an used clarinet for a student - Amazon vs. store?
Replies: 14
Views: 697

Re: Where to purchase an used clarinet for a student - Amazon vs. store?

vveat wrote:
Mon Jun 18, 2018 10:59 am
It's the end of the school year, our daughter is 10 and after a year of clarinet wants to continue with band.
You should contact the head of the school band. They can usually give great advice on what to purchase and where.
by JoeRetire
Mon Jun 18, 2018 10:03 am
Forum: Personal Finance (Not Investing)
Topic: Lost job. Take early SS or draw from accounts?
Replies: 54
Views: 5788

Re: Lost job. Take early SS or draw from accounts?

legio XX wrote:
Mon Jun 18, 2018 9:03 am
But, one size does not fit all and moving is not even on my back burner.
Then you shouldn't move.

But if the friend in question doesn't move, she may be hastening her march toward poverty.
by JoeRetire
Mon Jun 18, 2018 10:01 am
Forum: Personal Finance (Not Investing)
Topic: Lost job. Take early SS or draw from accounts?
Replies: 54
Views: 5788

Re: Lost job. Take early SS or draw from accounts?

ryman554 wrote:
Mon Jun 18, 2018 9:49 am
Therefore, the correct strategy is to get the income and money now.
We can agree to disagree.

IMHO, the correct strategy is to get a job (any job), lower her costs as much as possible, and delay SS her benefits for as long as she can.
by JoeRetire
Mon Jun 18, 2018 8:27 am
Forum: Personal Finance (Not Investing)
Topic: Can I take state tax deduction on 529 if relative makes a contribution
Replies: 10
Views: 1216

Re: Can I take state tax deduction on 529 if relative makes a contribution

Bogleheads, I know that anyone can contribute to your HSA and you can claim the tax deduction, is it the same for 529s? If my state has a tax deduction for using their plan and I am the owner, can I take the deduction if a relative makes a donation on behalf of the beneficiary? Thanks. In Utah or V...
by JoeRetire
Mon Jun 18, 2018 6:05 am
Forum: Personal Finance (Not Investing)
Topic: Lost job. Take early SS or draw from accounts?
Replies: 54
Views: 5788

Re: Lost job. Take early SS or draw from accounts?

Not knowing which state she is in - its impossible to speculate. If she is somewhere that goes strictly by 138% of FPL, then, yes, as a single, non-disabled adult, she would likely be shut out. OTOH, you have places like New York state. Where singles can have up to $24,000 in income and then qualif...
by JoeRetire
Mon Jun 18, 2018 5:57 am
Forum: Investing - Theory, News & General
Topic: Very confused with the current market
Replies: 93
Views: 8252

Re: Very confused with the current market

the stock market always go higher due to inflation in the long term, however, should not we buy the dips? Are those crazy tech stocks still value investing ? I am expecting the dips. That's not why the stock market tends to go higher. Sure, buy the dips. - First, define what you believe "dips" mean...
by JoeRetire
Sun Jun 17, 2018 7:18 pm
Forum: Investing - Theory, News & General
Topic: "Money Talk" Radio Program with Bob Brinker
Replies: 15
Views: 1686

Re: "Money Talk" Radio Program with Bob Brinker

I am sitting here listening to Bob Brinker on "Money Talk." His monologues are generally kind of interesting. But it sounds to me like he is committing malpractice. He takes one or two facts from a caller and tells them what to do on highly significant personal financial decisions. He may be right ...
by JoeRetire
Sun Jun 17, 2018 7:09 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone regret paying off mortgage early?
Replies: 449
Views: 99658

Re: Anyone regret paying off mortgage early?

There is always a better way to get a better return but if we can invest and get a greater return, we would never have bought a home and invested everything.... ??? I don't understand this sentence. If you could have invested and got a greater return than your mortgage rate, you wouldn't have purch...
by JoeRetire
Sun Jun 17, 2018 6:56 pm
Forum: Personal Finance (Not Investing)
Topic: How to calculate "fun money" per year?
Replies: 35
Views: 2523

Re: How to calculate "fun money" per year?

doss wrote:
Sun Jun 17, 2018 8:57 am
Is there a consensus as to what needs to be funded first before getting to fun money?
Everything else.
by JoeRetire
Sun Jun 17, 2018 6:55 pm
Forum: Personal Finance (Not Investing)
Topic: Lost job. Take early SS or draw from accounts?
Replies: 54
Views: 5788

Re: Lost job. Take early SS or draw from accounts?

drawpoker wrote:
Sun Jun 17, 2018 5:56 pm
Once she loses her job and finds herself in greatly reduced circumstances, the Medicaid people use that, not her YTD earnings/income in calculating her eligibility.
Perhaps "is eligible for unemployment at $405/week for 26 weeks. " impacts her ability to get Medicaid this year.
by JoeRetire
Sun Jun 17, 2018 3:40 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security advice needed
Replies: 28
Views: 1913

Re: Social Security advice needed

Based on the above numbers, it looks like it makes more sense for me to take SS at age 62. Am I correct or am I missing something important? I can't see how you can conclude that 62 is better. I suspect you are missing the substantial survivor benefits that your numbers indicate your wife could gai...
by JoeRetire
Sun Jun 17, 2018 3:25 pm
Forum: Personal Finance (Not Investing)
Topic: Lost job. Take early SS or draw from accounts?
Replies: 54
Views: 5788

Re: Lost job. Take early SS or draw from accounts?

She does want help, but not in reducing expenses. Unfortunately, that problem will take care of itself. If she doesn't reduce expenses now, she will run out of funds sooner and then she won't have any choice. I think she basically wants me to help her find a job. Finding a job is likely her best be...
by JoeRetire
Sun Jun 17, 2018 3:20 pm
Forum: Personal Finance (Not Investing)
Topic: Lost job. Take early SS or draw from accounts?
Replies: 54
Views: 5788

Re: Lost job. Take early SS or draw from accounts?

I frequently get suggestions like these. "Move" is easier said than done. If you are looking for "easy" then just do nothing. That's often easy. What happens when a person with mobility issues can no longer drive in a LCOL? You seem to be assuming that LCOL implies the need to drive. If you want to...
by JoeRetire
Sun Jun 17, 2018 3:11 pm
Forum: Investing - Theory, News & General
Topic: Very confused with the current market
Replies: 93
Views: 8252

Re: Very confused with the current market

- It has been history higher and higher. Over time, the market tends to rise. So it will clearly get higher and higher with occasional breaks in the action (like it did in February). - the fundamental law says it will recycle every 10 years There is no such fundamental law. - I had been on cash for...
by JoeRetire
Sat Jun 16, 2018 7:46 pm
Forum: Investing - Help with Personal Investments
Topic: Proceeds from Sale of Home
Replies: 3
Views: 308

Re: Proceeds from Sale of Home

Mother in law recently moved to assisted living. Proceeds from sale of home at end of this month will be approx. $325K. About $50K in checking and some I-bonds. These funds, plus ~$10K/year in SS are now all she has. Annual expenses are currently $55K, but expected to rise as the level of care requ...
by JoeRetire
Sat Jun 16, 2018 7:38 pm
Forum: Personal Consumer Issues
Topic: Too much house vs. just enough
Replies: 38
Views: 3349

Re: Too much house vs. just enough

Logic says we should go for a 3-bedroom home. I don't see the need for a large house and wish to economize in line with Millionaire Next Door observations. But for an extra 110k, I could get a four-bedroom home with a slightly larger yard. Obviously it comes down to personal preference, but I'd be ...
by JoeRetire
Sat Jun 16, 2018 7:26 pm
Forum: Personal Finance (Not Investing)
Topic: Take a job with a company being acquired?
Replies: 16
Views: 1408

Re: Take a job with a company being acquired?

Given the uncertainty of what could happen to Company B after the acquisition closes, is it worth considering a career move with them? Or given the risk involved, should a move to them only be acceptable if it came with specific increases in either title or compensation? Or never under any circmsta...
by JoeRetire
Sat Jun 16, 2018 7:14 pm
Forum: Personal Consumer Issues
Topic: Functional Medicine/ managing the costs
Replies: 31
Views: 1439

Re: Functional Medicine/ managing the costs

If my patient wants to pray for healing while getting proper treatment then I am so so so for it. How about if a patient wants to pray for healing instead of getting proper treatment? If the prayer had any significant real effect that would certainly be a reasonable alternative, no? Frankly, I beli...
by JoeRetire
Sat Jun 16, 2018 7:09 pm
Forum: Personal Consumer Issues
Topic: Functional Medicine/ managing the costs
Replies: 31
Views: 1439

Re: Functional Medicine/ managing the costs

jayk238 wrote:
Sat Jun 16, 2018 3:21 pm
I think we should take a step back and understand that functional medicine can help patients.
Psychics can "help patients" too. Unfortunately that kind of help tends to help separate patients from their cash more than anything else.
by JoeRetire
Sat Jun 16, 2018 7:05 pm
Forum: Personal Finance (Not Investing)
Topic: Lost job. Take early SS or draw from accounts?
Replies: 54
Views: 5788

Re: Lost job. Take early SS or draw from accounts?

I suggested she move to a LCOL area, get rid of her car, get a roommate, etc, but I was shut down on everything. All good suggestions. Rejecting all of them out of hand says either doesn't understand the situation, has given up, or just doesn't want your help. That's unfortunate. Q: Is she better o...
by JoeRetire
Sat Jun 16, 2018 12:49 pm
Forum: Personal Consumer Issues
Topic: Functional Medicine/ managing the costs
Replies: 31
Views: 1439

Re: Functional Medicine/ managing the costs

Interested to know if anyone has found smart ways to manage the costs for functional medicine specifically, or out of network medical cost in general? Having your lab work done in network makes complete sense. From the few friends I know who dabble in "functional medicine" practitioners, pretty muc...
by JoeRetire
Sat Jun 16, 2018 5:10 am
Forum: Personal Consumer Issues
Topic: Private Sale test drive
Replies: 13
Views: 1197

Re: Private Sale test drive

I am wondering how to handle a buyer interested in doing a test drive. Do you normally let them drive the car (of course I would go with them)? At every dealer when I've purchased a car, they take a picture of my license first, and then usually accompany me on my test drive. I suggest you do the sa...
by JoeRetire
Fri Jun 15, 2018 5:42 pm
Forum: Personal Consumer Issues
Topic: A vehicle that "sits up" but can't afford CRV
Replies: 63
Views: 5047

Re: A vehicle that "sits up" but can afford CRV

Jack FFR1846 wrote:
Fri Jun 15, 2018 9:25 am
Subaru Crosstrek.
But I don't think they are cheaper than CRVs?
by JoeRetire
Fri Jun 15, 2018 5:35 pm
Forum: Personal Finance (Not Investing)
Topic: Paying off mortgage early
Replies: 43
Views: 3457

Re: Paying off mortgage early

I have absolutely no idea what you mean. Can you not explain what you meant that passing away with a big mortgage at a ripe old age is sub-optimal? I'm not trying to argue - just trying to understand. Looking forward with a long runway I think it is a better solution to not have a mortgage as you a...
by JoeRetire
Fri Jun 15, 2018 5:24 pm
Forum: Investing - Theory, News & General
Topic: Which boglehead rule do you break--and are ok with
Replies: 152
Views: 10857

Re: Which boglehead rule do you break--and are ok with

We also don't have life insurance, despite having a one-year-old. It's been on my to-do list, but who has the time? We all make time for the things we consider important. I'm extraordinarily lazy. It's not that my time is all booked with everything else I'm running around doing, my time is booked u...
by JoeRetire
Fri Jun 15, 2018 5:22 pm
Forum: Personal Finance (Not Investing)
Topic: Job in MA, live in MA, RI, or CT?
Replies: 66
Views: 2543

Re: Job in MA, live in MA, RI, or CT?

Usual recommendation holds here and that is to rent a place for the first 6-12 months while you get to know the area. I'd look for something within a few miles of 395 to facilitate getting around better... IMHO, this is exactly the right answer when moving to any unfamiliar locale. You simply must ...
by JoeRetire
Fri Jun 15, 2018 5:06 pm
Forum: Personal Consumer Issues
Topic: I am STUNNED over how much help my friends recieved with house purchase!
Replies: 47
Views: 3698

Re: I am STUNNED over how much help my friends recieved with house purchase!

* How much money have you given your kid(s) for their house purchase? We gave our son and daughter-in-law what they needed to reach a 20% down payment. They saved what they could. Are financially smart and I have no worries that they will continue to be responsible. But my wife and I were happy to ...
by JoeRetire
Fri Jun 15, 2018 12:36 pm
Forum: Personal Finance (Not Investing)
Topic: Job in MA, live in MA, RI, or CT?
Replies: 66
Views: 2543

Re: Job in MA, live in MA, RI, or CT?

Wellfleet wrote:
Fri Jun 15, 2018 12:35 pm
B4Xt3r wrote:
Fri Jun 15, 2018 12:32 pm

Like I don't wish to pay taxes.
Live in New Hampshire then and commute down 495.
Property taxes. And gas taxes.
by JoeRetire
Fri Jun 15, 2018 12:30 pm
Forum: Investing - Theory, News & General
Topic: Which boglehead rule do you break--and are ok with
Replies: 152
Views: 10857

Re: Which boglehead rule do you break--and are ok with

LiterallyIronic wrote:
Fri Jun 15, 2018 9:34 am
We also don't have life insurance, despite having a one-year-old. It's been on my to-do list, but who has the time?
We all make time for the things we consider important.