Search found 234 matches

by jacksonm
Fri Mar 06, 2020 3:50 pm
Forum: Personal Investments
Topic: Parents retiring with $500k saved - Things look OK?
Replies: 83
Views: 10002

Re: Parents retiring with $500k saved - Things look OK?

I'm 70 years old and both your parents net worth and annual spending are about the same as ours and we're doing fine. Haven't even touched savings yet except for buying a new car and first RMD this year. The main difference between us and them is that our net worth is almost entirely in our investme...
by jacksonm
Thu Mar 05, 2020 4:47 pm
Forum: Personal Investments
Topic: Newbie here: Please help me with 401k math
Replies: 24
Views: 1129

Re: Newbie here: Please help me with 401k math

I think what you are doing wrong is plugging constants into your equations where there should be variables.
by jacksonm
Thu Mar 05, 2020 2:44 pm
Forum: Personal Consumer Issues
Topic: Coronavirus (Consumer Issues) How you are preparing?
Replies: 1590
Views: 130401

Re: Coronavirus (Consumer Issues) How you are preparing?

As a counterexample of the similar action with clearly a different motive: I was a bit surprised a few weeks ago when a Chinese coworker of mine told me he is avoiding Chinese restaurants due to the virus. His response is myopically reactionary with national or ethnic origin as a basis, but it's no...
by jacksonm
Thu Mar 05, 2020 2:09 pm
Forum: Personal Investments
Topic: Keep prior employer 401K, or open Rollover IRA?
Replies: 7
Views: 463

Re: Keep prior employer 401K, or open Rollover IRA?

It's hard for me to imagine any reason why it would be preferable to not rollover a company 401k into a self-directed IRA but I suppose there are some. I even did it with the company I was still working for as soon as I hit the age where they would allow it. Having said that I'd be wary of initiatin...
by jacksonm
Tue Mar 03, 2020 4:20 pm
Forum: Personal Investments
Topic: What do you have in your Roth (or Tax Advantaged) accounts?
Replies: 17
Views: 988

Re: What do you have in your Roth (or Tax Advantaged) accounts?

I prefer stock in my Roth IRA and bonds in tax deferred. The reason is because in terms of long term growth I feel that stocks are likely to provide me with more tax free money than bonds. I do the Golden Butterfly and what I currently have in Roth is the SCV (small cap value) portion of the portfol...
by jacksonm
Mon Mar 02, 2020 2:44 pm
Forum: Personal Finance (Not Investing)
Topic: Quarterly Tax Payments - are the really required?
Replies: 22
Views: 2556

Re: Quarterly Tax Payments - are the really required?

When I used to file paper returns and owed money along with a penalty, the IRS would always send me the estimated payment forms.

And I always ignored them.

As far as I know, the only penalty for not making the estimated payments is the one you pay when you file your taxes.
by jacksonm
Tue Feb 25, 2020 6:07 pm
Forum: Investing - Theory, News & General
Topic: Fidelity changes loss/gain twice in one night?
Replies: 5
Views: 437

Re: Fidelity changes loss/gain twice in one night?

My wife and I both have accounts at Fidelity that contain 3 sub-accounts. Two of them are joint accounts (checking and taxable investments) so the only difference is our IRA accounts. I looked at them both this morning within a few minutes and the joint investment accounts with the same holdings, as...
by jacksonm
Tue Feb 25, 2020 6:01 pm
Forum: Personal Investments
Topic: Best time to buy treasury bonds?
Replies: 3
Views: 655

Re: Best time to buy treasury bonds?

Ideal time to buy is when interest rates are high but expected to go lower. Somewhat the opposite of stocks, your bonds will be worth more on secondary markets as rates go lower than the ones you are holding. Unfortunately, that's worthless advice unless you have a crystal ball and especially worthl...
by jacksonm
Tue Feb 25, 2020 3:30 pm
Forum: Personal Consumer Issues
Topic: Should I get a safe? What kind? What would you do? How safe is a "safe"?
Replies: 91
Views: 6306

Re: Should I get a safe? What kind? What would you do? How safe is a "safe"?

I've never thought much of the idea of a home safe. First off, if you don't hide it in a secret place where you think it won't be found then you are just advertising the presence of valuables in your home. And if you do have a place where you think it will never be found, then why do you need the sa...
by jacksonm
Mon Feb 24, 2020 6:06 pm
Forum: Personal Consumer Issues
Topic: Avis charging for existing damage on rental car
Replies: 111
Views: 7709

Re: Avis charging for existing damage on rental car

My only advice is with today's advanced smart phone cameras that take excellent quality videos, it is much faster and easier to start a video recording and just walk around the car one lap versus trying to identify and take a picture of all the damage and risk possibly missing something. Best advic...
by jacksonm
Mon Feb 24, 2020 5:59 pm
Forum: Personal Investments
Topic: Dow Futures down 426 for Monday 2/24/20. Buying anything today?
Replies: 155
Views: 15049

Re: Dow Futures down 426 for Monday 2/24/20. Buying anything today?

Not today but I just received some interest payments on LT bonds in my IRA and will probably use it to purchase some stocks tomorrow.
by jacksonm
Mon Feb 24, 2020 5:53 pm
Forum: Personal Consumer Issues
Topic: Do you ever use cash?
Replies: 228
Views: 13596

Re: Do you ever use cash?

I use a credit card anytime I can, even paying bills whenever it's allowed. The reason is because I get cash back, anywhere from 2% to 6% depending on what I am buying and which card. If it wasn't for that, I'd probably still be using my debit card in most situations like I did before the cashback c...
by jacksonm
Mon Feb 24, 2020 5:44 pm
Forum: Personal Investments
Topic: lump sum pension question
Replies: 3
Views: 634

Re: lump sum pension question

When I took a lump sum pension payout from a former employer I was able to roll it into my IRA so there was no tax. Is that not possible in your case?
by jacksonm
Mon Feb 24, 2020 3:53 pm
Forum: Personal Consumer Issues
Topic: Avis charging for existing damage on rental car
Replies: 111
Views: 7709

Re: Avis charging for existing damage on rental car

If they said you could dispute the charge and trigger an investigation, then why not take them up on the offer with a well written letter stating your case? Then they will have to decide if it's worth $200 to them to investigate and pursue the matter. You might not even hear back from them. If you d...
by jacksonm
Mon Feb 24, 2020 11:46 am
Forum: Investing - Theory, News & General
Topic: Why do you hold bonds in your portfolio?
Replies: 296
Views: 22576

Re: Why do you hold bonds in your portfolio?

Days like this are why I hold bonds in my portfolio. The DOW is down 900 points and my IRA just hit an all-time high. It's mostly filled with flight to safety assets including long term bonds and gold. I keep stocks in my Roth and taxable accounts so those are way down but overall it will probably e...
by jacksonm
Mon Feb 17, 2020 3:52 pm
Forum: Personal Finance (Not Investing)
Topic: Pushing SS Income Into Next Year
Replies: 12
Views: 998

Re: Pushing SS Income Into Next Year

pshonore wrote:
Mon Feb 17, 2020 3:50 pm
He's turning 70 in June; his benefit will not increase after that. If he filed three months after he turned 70 they might go back and pay him as through he retired at 69 and 9 months. He should be ok filing at 70 and 6 months.
Ok, I get it now. Didn't even know you could do this.
by jacksonm
Mon Feb 17, 2020 3:29 pm
Forum: Personal Finance (Not Investing)
Topic: Pushing SS Income Into Next Year
Replies: 12
Views: 998

Re: Pushing SS Income Into Next Year

Ron wrote:
Mon Feb 17, 2020 2:55 pm
Why do you want to reduce your monthly SS benefit for the rest of your/spouses life?

Just wondering...

- Ron
My thoughts exactly. If you were able to manage okay delaying until age 70 then why not skip the retroactive payment in favor of larger monthly checks for the rest of your life?
by jacksonm
Mon Feb 17, 2020 11:11 am
Forum: Personal Finance (Not Investing)
Topic: do you check your taxes when using tax software?
Replies: 54
Views: 3633

Re: do you check your taxes when using tax software?

I've always figured if you are going to go to all the trouble of double checking everything and take the time to understand the rules you might as well just go ahead and do it yourself. Having said that, Turbo Tax has twice made mistakes that got the attention of the IRS. Didn't amount to more than ...
by jacksonm
Mon Feb 17, 2020 11:01 am
Forum: Personal Consumer Issues
Topic: Costa Rica
Replies: 11
Views: 1509

Re: Costa Rica

You've already got some great ideas on what to do and where to go. So I'll stay focused on cost. About 8 years ago, we went to Belize one year and Costa Rica the next. We MUCH more preferred Belize. More things to do but also MUCH cheaper. Costa Rica pegs itself to the US dollar. So you don't get t...
by jacksonm
Mon Feb 17, 2020 10:46 am
Forum: Personal Consumer Issues
Topic: Costa Rica
Replies: 11
Views: 1509

Re: Costa Rica

Thanks for all the comments everybody. If it were me, I'd rent a place for a at least a year before deciding to buy anywhere in Costa Rica. That's probably what we'll do if we decide to give it a try. My wife is from the Philippines and that's where we had originally planned on buying a second home....
by jacksonm
Sat Feb 15, 2020 6:10 pm
Forum: Personal Consumer Issues
Topic: Costa Rica
Replies: 11
Views: 1509

Costa Rica

It's high on my list of places where I would like to possibly buy a retirement home - with the idea of living there at least part time and perhaps permanently if/when I get too old to travel. This idea is based solely on visits to other areas nearby and things I've heard about it (I'm already retire...
by jacksonm
Thu Feb 13, 2020 10:31 am
Forum: Personal Investments
Topic: Selling shares to buy a car? Yikes!
Replies: 47
Views: 4392

Re: Selling shares to buy a car? Yikes!

Bought a new car shortly after retiring by taking profit from VTI held for many years in a taxable account. I was able to do this without paying any capital gains tax at the time because I had not yet started taking SS and RMD's were still a few years away. With my wife still working, those three so...
by jacksonm
Mon Feb 10, 2020 5:02 pm
Forum: Personal Finance (Not Investing)
Topic: Downside to using Cash Back credit cards
Replies: 40
Views: 5090

Re: Downside to using Cash Back credit cards

Final post, with a picture from Credit Karma worth a thousand words. Took a 70 point hit on my credit score. The other 15 changes were all decreases in balances and inquiries.

Image
by jacksonm
Mon Feb 10, 2020 2:55 pm
Forum: Personal Finance (Not Investing)
Topic: Wife's oncologist has stopped treatment, is recommending hospice
Replies: 93
Views: 14902

Re: Wife's oncologist has stopped treatment, is recommending hospice

Very sorry to hear it. My first wife went into hospice for advanced lung cancer when she was only 53. She didn't survive long after that but on a more positive note I once had a co-worker who believed his mother probably set the record for time spent in hospice care. I forget exactly how long but I ...
by jacksonm
Mon Feb 10, 2020 1:38 pm
Forum: Personal Finance (Not Investing)
Topic: Downside to using Cash Back credit cards
Replies: 40
Views: 5090

Re: Downside to using Cash Back credit cards

Funny, this thread is click-bait-y. Grabby title and not much significance after. I give it a "meh". We'd have to replace cabinets and other built-in items to get anywhere close to $16k furnishing our entire home. Maybe a click-bait and humble-brag rolled into one? Well done :beer :P If it makes yo...
by jacksonm
Sun Feb 09, 2020 2:36 pm
Forum: Personal Consumer Issues
Topic: Taken for a ride for Car maintenance [Can I dispute Credit card charge?]
Replies: 101
Views: 6635

Re: Taken for a ride for Car maintenance [Can I dispute Credit card charge?]

I once successfully disputed a credit card charge from an auto shop but the situation was much different than yours. They installed a wrong part to fix the A/C while I was on vacation which was discovered at another shop when it broke again on the way home. When I called them they told me to return ...
by jacksonm
Sun Feb 09, 2020 2:19 pm
Forum: Personal Finance (Not Investing)
Topic: Advice about a Sabbatical
Replies: 3
Views: 548

Re: Advice about a Sabbatical

I took a one year Sabbatical when I was 50 years old after my wife died of lung cancer. Along with the stress of my software engineering job and dealing with rebellious teenagers at the same time as all this was going on I was suffering from serious burnout. I'm now retired about 20 years later and ...
by jacksonm
Sat Feb 08, 2020 2:17 pm
Forum: Personal Consumer Issues
Topic: Dangerous to allow Windows 10 desktop PC to have public/real IP address? No NAT/firewall
Replies: 20
Views: 1119

Re: Dangerous to allow Windows 10 desktop PC to have public/real IP address? No NAT/firewall

Will they even allow you to do this? In the past I have used my own router with several different providers but lately I have been told (by Spectrum, Frontier, and Wow) that either buying or renting their router was mandatory.
by jacksonm
Sat Feb 08, 2020 2:08 pm
Forum: Personal Finance (Not Investing)
Topic: Downside to using Cash Back credit cards
Replies: 40
Views: 5090

Re: Downside to using Cash Back credit cards

DaftInvestor wrote:
Fri Feb 07, 2020 2:38 pm
What was the "Significant" drop in your credit score? And didn't it just bounce back the next month when you paid off the $16K?
I can't help but question whether it was really that significant of a drop.
See my post above this one.
by jacksonm
Sat Feb 08, 2020 2:06 pm
Forum: Personal Finance (Not Investing)
Topic: Downside to using Cash Back credit cards
Replies: 40
Views: 5090

Re: Downside to using Cash Back credit cards

Once you pay it off at the end of the month, your utilization and score will return to where it was before. So, as long as you're not taking out a loan the same month you are increasing your utilization, it's no big deal. I'm not so sure about this but I'll wait and see. Actually my credit score ha...
by jacksonm
Fri Feb 07, 2020 1:26 pm
Forum: Personal Finance (Not Investing)
Topic: Downside to using Cash Back credit cards
Replies: 40
Views: 5090

Downside to using Cash Back credit cards

I have several cashback credit cards that I use whenever possible, including paying recurring bills that allow it. Usually amounts to about $1k/year in savings and I have never paid a penny in interest because I have all the cards set to autopay in full each month and have never rolled any of them o...
by jacksonm
Sat Jan 11, 2020 3:58 pm
Forum: Personal Investments
Topic: Cash Flow Forecast - Spreadsheet?
Replies: 1
Views: 267

Re: Cash Flow Forecast - Spreadsheet?

Personal Capital and Fidelity both have good retirement planners. Wrote my own before retiring as a software engineer but lost interest in programming before getting it ready for prime time. I wouldn't put much stock in anybody's 50+ year forecast however. Like a comedian once said about the emergen...
by jacksonm
Sat Jan 11, 2020 11:18 am
Forum: Personal Finance (Not Investing)
Topic: RMD Distribution: All in one go or spread out over year?
Replies: 12
Views: 1566

Re: RMD Distribution: All in one go or spread out over year?

I leave my RMD to year end and have my entire estimated tax withheld at that time. Ditto. This is what I did with my first RMD taken a couple of weeks ago, following the strategy as outlined in this article.... https://rodgers-associates.com/blog/pay-tax-once-using-ira-rmd/ Now I just hope Turbo Ta...
by jacksonm
Fri Jan 10, 2020 12:37 pm
Forum: Personal Consumer Issues
Topic: Mylife.com Reputation Scores
Replies: 6
Views: 1196

Re: Mylife.com Reputation Scores

Yes, this is a scam site. Mine says I have a "possible" criminal record and might even be a registered sex offender. Obviously, they want me to ask WTF and pay the fee so I can get a detailed report.

Hard to believe anybody doing a real background check would take this site seriously.
by jacksonm
Tue Jan 07, 2020 10:22 am
Forum: Investing - Theory, News & General
Topic: Stock selling tax question
Replies: 3
Views: 222

Re: Stock selling tax question

If I sell a stock at a loss (-$3,500). I know $3,000 can be written off in my taxes this year and the other $500 is rolled over into the following year as a loss (I think). However, if I also sell a another stock at a gain $800, does that gain offset the $500 rollover into the following year? Sound...
by jacksonm
Sat Jan 04, 2020 3:20 pm
Forum: Personal Finance (Not Investing)
Topic: What do fellow savers and frugalateers think
Replies: 19
Views: 2568

Re: What do fellow savers and frugalatiers think

sambb wrote:
Sat Jan 04, 2020 3:07 pm
save 20% or more per year, and you'll be fine.
i think about thirds: taxes, expenses, savings/investments each are a third
According to my math, that would mean he would have to live on 5% of his income.
by jacksonm
Sat Jan 04, 2020 3:13 pm
Forum: Personal Consumer Issues
Topic: Honda Lane keep assist
Replies: 94
Views: 6175

Re: Honda Lane keep assist

I keep it turned off unless I'm on the highway using the adaptive cruise control. It gets very annoying fighting the wheel when you're driving in the city where frequent lane changes are required. Then again, if I was in the habit of using the turn signal every time I changed lanes that wouldn't be ...
by jacksonm
Sat Jan 04, 2020 3:00 pm
Forum: Personal Investments
Topic: Portfolio Review & Questions
Replies: 14
Views: 1274

Re: Portfolio Review & Questions

Questions : 1. I feel the need to simplify my portfolio. Although I've done fairly well managing my own affairs I've never been audacious enough to give anyone portfolio advice. That being said I couldn't agree more with what you said above. Just looking at that mix of holdings in taxable makes my ...
by jacksonm
Sat Jan 04, 2020 2:43 pm
Forum: Personal Finance (Not Investing)
Topic: What do fellow savers and frugalateers think
Replies: 19
Views: 2568

Re: What do fellow savers and frugalatiers think

Hard to imagine a city desirable enough to justify paying 75% of my income in rent. Care to enlighten us as to where it might be?

If it was going towards a mortgage with a potential for a big payoff some day that might be another story but I don't think I could even get my head around that.
by jacksonm
Sat Jan 04, 2020 2:21 pm
Forum: Non-US Investing
Topic: How much home bias do you have in your portfolio?
Replies: 41
Views: 2302

Re: How much home bias do you have in your portfolio?

You should probably elaborate further on what you mean by "home bias". When I first saw the title of your post I thought you were talking about including the value of your home in the portfolio. Upon reading the post however my guess is that you are 51% invested in international stocks and 49% in do...
by jacksonm
Fri Dec 27, 2019 3:04 pm
Forum: Investing - Theory, News & General
Topic: Are we getting spoiled by the long bull market?
Replies: 109
Views: 9539

Re: Are we getting spoiled by the long bull market?

It's looking more and more like we've reached a permanently high plateau.
by jacksonm
Thu Dec 26, 2019 5:25 pm
Forum: Personal Finance (Not Investing)
Topic: SECURE Act and RMDs
Replies: 62
Views: 6881

Re: SECURE Act and RMDs

You had to have been born after June 30, 1949 for the new rule to apply. I missed it by exactly 21 days but had already taken my RMD any way so it would have only mattered for next year even if it did apply to me, which it doesn't.
by jacksonm
Fri Dec 06, 2019 4:10 pm
Forum: Personal Finance (Not Investing)
Topic: "Collecting" Social Security Six Times Over Today, Makes Me Wonder
Replies: 18
Views: 3256

Re: "Collecting" Social Security Six Times Over Today, Makes Me Wonder

I didn't get any messages from SS. Maybe it was only you. I can just see whatever program was running crashing when it got to your account for some reason and every time they restarted it, it picked up where it left off. As a retired software developer one thing I've noticed over the years is how fa...
by jacksonm
Fri Dec 06, 2019 2:24 pm
Forum: Personal Consumer Issues
Topic: Cable Cord Cutting more complicated than expected
Replies: 96
Views: 8185

Re: Cable Cord Cutting more complicated than expected

From the OP... Took the Roku Express back to Walmart and bought another Amazon Firestick because the Firestick is the only device I can reliably get one of the two major streaming services to work on (Hulu and Youtube TV). Have to go with Hulu for now because Youtube TV does not work on the Firesti...
by jacksonm
Fri Dec 06, 2019 2:00 pm
Forum: Personal Consumer Issues
Topic: Cable Cord Cutting more complicated than expected
Replies: 96
Views: 8185

Re: Cable Cord Cutting more complicated than expected

From the OP... Took the Roku Express back to Walmart and bought another Amazon Firestick because the Firestick is the only device I can reliably get one of the two major streaming services to work on (Hulu and Youtube TV). Have to go with Hulu for now because Youtube TV does not work on the Firestic...
by jacksonm
Wed Dec 04, 2019 4:43 pm
Forum: Personal Consumer Issues
Topic: Cable Cord Cutting more complicated than expected
Replies: 96
Views: 8185

Cable Cord Cutting more complicated than expected

Trying to cut the cord and I only want a few channels that we're used to watching (including local channels for sports). There seemed to be only two alternatives for what we want, Youtube TV and Hulu Live. Had Amazon Fire Stick on one TV, an older version of Roku on another..... 1.) No offical Youtu...
by jacksonm
Sat Nov 30, 2019 11:27 pm
Forum: Investing - Theory, News & General
Topic: Why do you hold bonds in your portfolio?
Replies: 296
Views: 22576

Re: Why do you hold bonds in your portfolio?

I use the permanent portfolio strategy and it says to hold long term bonds (>= 20 years to maturity) because they do well during periods of deflation.

I have seen them do what they are supposed to do and have been satisfied with the results.
by jacksonm
Sat Nov 30, 2019 10:45 pm
Forum: Personal Consumer Issues
Topic: Yet Another Retiring to Florida Thread - Pros/Cons
Replies: 90
Views: 9935

Re: Yet Another Retiring to Florida Thread - Pros/Cons

if the weather is an important factor you have to decide if decent winters beat rotten summers .if that's not so important than perhaps taxes, being surrounded by old people and whether that's good or bad are factors to consider.. To me north carolina makes more sense.:Good things are less good but...
by jacksonm
Fri Nov 29, 2019 4:43 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity (Auto)Billpay
Replies: 4
Views: 636

Re: Fidelity (Auto)Billpay

You have to set it up with the credit card processor to pay the balance in full, not Fidelity. Fidelity will never see the credit card bills and will therefore have no idea what the full payment will be.
by jacksonm
Wed Nov 27, 2019 12:25 pm
Forum: Personal Consumer Issues
Topic: Honda Lane keep assist
Replies: 94
Views: 6175

Re: Honda Lane keep assist

If you're talking about the one that kicks in at 40 MPH I found it so annoying I turned it off.

I sometimes use it when I turn on the ACC on the freeway but it's not as useful as the throttle/brake control which works perfectly and I really like.