Search found 49 matches

by BluesH
Fri Nov 29, 2019 1:17 pm
Forum: Personal Consumer Issues
Topic: Refurbished desktop
Replies: 24
Views: 924

Re: Refurbished desktop

4GB is not really sufficient for Win 10. If you're upgrading, you should upgrade to 8GB. The amazon ad you linked to does not indicate if you can add memory after the fact. But by the time you add memory and an SSD, you might as well just spring for a better computer that already has both. Today's ...
by BluesH
Fri Nov 29, 2019 12:34 pm
Forum: Personal Consumer Issues
Topic: Refurbished desktop
Replies: 24
Views: 924

Re: Refurbished desktop

Looking at this... https://www.amazon.com/Dell-OptiPlex-Processor-Windows-Renewed/dp/B01AWOAUJY/ref=sr_1_1?keywords=dell+optiplex&qid=1575038848&refinements=p_76%3A1249137011&rnid=1249135011&rps=1&s=electronics&sr=1-1 No need for screen, already have my existing flat-screen monitor and peripherals....
by BluesH
Tue Nov 19, 2019 1:27 pm
Forum: Personal Investments
Topic: Newbie: Transfer Traditional IRA from American Century to Fidelity to lower expense ratio and have more choices?
Replies: 6
Views: 264

Re: Newbie: Transfer Traditional IRA from American Century to Fidelity to lower expense ratio and have more choices?

If you have any suggestions for a good money market at Fidelity, let me know. With a minimum of $100K, you can get into their "Premium" money market, FZDXX. That gives you a couple of tenths of a % higher than their normal MM. What's nice is that, once in, you can transfer in and out, even if you g...
by BluesH
Sun Nov 17, 2019 7:15 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security - Stop Working at 62 and collect SS at 67- FRA
Replies: 9
Views: 1357

Re: Social Security - Stop Working at 62 and collect SS at 67- FRA

The age 62 estimate assumes you stop working at 62. At that point, you get a 30% discount from your PIA. Therefore, the estimate to stop working at 62 at file at 67 (FRA) is:

1905/0.7 = 2721.

Bob
by BluesH
Wed Oct 23, 2019 12:00 pm
Forum: Personal Consumer Issues
Topic: Sharing my camry 2011 overall/annual ownership costs.
Replies: 19
Views: 1238

Re: Sharing my camry 2011 overall/annual ownership costs.

researcher wrote:
Wed Oct 23, 2019 9:45 am

It appears you are spending around $2,000 in gas per year (assuming 22K miles/year, 30MPG and $2.75/gallon).
LOL. $2.75/gallon??? Where the heck can you buy gas for that? It's over $4 here in California. Haven't seen $2.75 in years!
by BluesH
Sun Sep 29, 2019 3:35 pm
Forum: Personal Investments
Topic: Accounting for mortgage in retirement math
Replies: 20
Views: 1834

Re: Accounting for mortgage in retirement math

Your option #1 - provided all of your investments are expected to have a higher after-tax return than the after-tax cost of your mortgage - seems the most defensible. A couple of reasons #2 isn't applicable, both of them being contrary to the assumptions behind the "4% rule": - the mortgage will la...
by BluesH
Sat Sep 28, 2019 6:44 pm
Forum: Personal Finance (Not Investing)
Topic: QCD also reduce California Tax?
Replies: 7
Views: 678

Re: QCD also reduce California Tax?

Alan S. wrote:
Sat Sep 28, 2019 5:27 pm
While CA has a tendency to make their own rules, in this case they do conform to the IRS QCD rules.
Thank you.
by BluesH
Sat Sep 28, 2019 5:14 pm
Forum: Personal Finance (Not Investing)
Topic: QCD also reduce California Tax?
Replies: 7
Views: 678

QCD also reduce California Tax?

Still a couple years away, but planning. Per the title -- if (when I'm over 70.5) I donate from my IRA to a qualified charity using a QCD, does that also remove the reported income from California tax too? I assume so, because Cal form 540 just uses input from Federal 1040, though there are columns ...
by BluesH
Fri Sep 27, 2019 6:55 pm
Forum: Personal Finance (Not Investing)
Topic: How to get rid of a car
Replies: 48
Views: 4016

Re: How to get rid of a car

Donate to a charity? Agreed. We used to have an old beater small pickup truck that we used to haul materials for landscaping our yard. It eventually got old and rusted enough that we wanted to get rid of it. Figured that, at the most, it would be worth $500. Instead, we donated to a charity my wife...
by BluesH
Fri Sep 13, 2019 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: social security benefit - confused about choosing start date
Replies: 35
Views: 3274

Re: social security benefit - confused about choosing start date

Similar experience. When I was about to turn 66 (my FRA), I signed up online for a restricted spousal application (wife, a few years older, signed up for full benefits plus delayed credits). I was born on the 20th of the month, so I applied to start on the first of the following month. I also had a ...
by BluesH
Mon Sep 09, 2019 2:54 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: 3% is the new 4%
Replies: 662
Views: 50666

Re: Larry Swedroe: 3% is the new 4%

If you're 40 or 50, working the extra 10 years may be no great hardship, and the trade-off may make sense. If you're 55 or 60, and you feel that creak in your bones, and you've already had 3 high school friends die, the trade-off may not be worth it. Ouch, this one hit home. I'm about to attend my ...
by BluesH
Mon Sep 09, 2019 2:33 pm
Forum: Investing - Theory, News & General
Topic: 5% Withdrawal Rate Recommended by US News Columnist
Replies: 141
Views: 12112

Re: 5% Withdrawal Rate Recommended by US News Columnist

Sounds like a 'can't take it with you' plan. Say I live beyond 'average' life exp. Live it up now. I can always pull back and live off SS in old old age. My neighbor is 91, thought she'd live to 80, ran out of money at 87. Now she lives on SS and is fine, she can get a ride to the senior center and...
by BluesH
Mon Sep 09, 2019 2:09 pm
Forum: Investing - Theory, News & General
Topic: 5% Withdrawal Rate Recommended by US News Columnist
Replies: 141
Views: 12112

5% Withdrawal Rate Recommended by US News Columnist

Have any of you seen this article from US News & World Report columnist Masood Vojdani? https://money.usnews.com/money/blogs/the-smarter-mutual-fund-investor/articles/why-you-should-consider-a-5-rule-in-retirement A 5% withdrawal rate seems pretty out there in today's environment, especially in ligh...
by BluesH
Tue Aug 20, 2019 12:25 am
Forum: Personal Consumer Issues
Topic: DSL Advice
Replies: 29
Views: 1757

Re: DSL Advice

Or subscribe to a VPN service for peanuts, rest easy +1 Definitely your best solution. You can also use the VPN on your phone, if you occasionally need to do financial transactions over it. Personally, I always connect to my VPN if I'm going to do any type of financial transactions on the phone.
by BluesH
Wed Jul 17, 2019 6:02 pm
Forum: Investing - Theory, News & General
Topic: What are the benefits of 403(b) over IRA?
Replies: 17
Views: 1579

Re: What are the benefits of 403(b) over IRA?

The main advantage is being able to withdraw penalty-free at age 55 instead of 59.5. Very important if you're retiring before 59.5. Personally, past age 59.5, I'd convert to IRA (and have).

Don't know the answer about asset protection, but I believe that it's dependent on state of residence.
by BluesH
Sun Jul 14, 2019 9:34 pm
Forum: Personal Finance (Not Investing)
Topic: Geico subrogation claim
Replies: 22
Views: 3080

Re: Geico subrogation claim

I would just let GEICO pay your claim from uninsured motorists and they can try and recover from the other party. You can also sue in small claims for the rental costs if GEICO doesnt reimburse you for that as well... Totally agree. FYI, I had the same claim (rear-ended on freeway) with GEICO earli...
by BluesH
Mon Jun 24, 2019 11:58 pm
Forum: Personal Investments
Topic: Donate stock
Replies: 13
Views: 927

Re: Donate stock

I'm also interested in donating appreciated stock to a favorite charity. My interest is not in the deductibility (we don't itemize), but rather to avoid the capital gains taxes that would accrue if we sold the stock and donated the money. Am I correct in thinking that if we directly donated the stoc...
by BluesH
Tue Jun 04, 2019 5:50 pm
Forum: Personal Finance (Not Investing)
Topic: 1st Tax Audit in 22 years!
Replies: 37
Views: 5357

Re: 1st Tax Audit in 22 years!

Never been audited (knock on wood). But I did have a bit of a mix-up on my return about 10 years ago, involving a notice that required a written explanation. Audit Defense walked me through it, no problem. I think they're a solid company.
by BluesH
Mon May 06, 2019 1:35 am
Forum: Personal Finance (Not Investing)
Topic: Quicken 2019 On Sale
Replies: 19
Views: 2466

Re: Quicken 2019 On Sale

Dottie57 wrote:
Sun May 05, 2019 7:12 pm
Where does your data reside with this subscription service?
This is the key question for me, too. I refuse to put my financial data "in the cloud".
by BluesH
Fri May 03, 2019 1:17 pm
Forum: Personal Investments
Topic: Retirement Tax Questions - more detail
Replies: 11
Views: 1291

Re: Retirement Tax Questions - more detail

Since you were (are) still married as of 1/1/2019, you'll have to file 2019 taxes as either Married Filing Jointly or Married Filing Separately. I don't believe that moves the brackets, but may make a difference in deductions. Use a tax calculator such as https://www.mortgagecalculator.org/calcs/104...
by BluesH
Sun Apr 21, 2019 1:39 pm
Forum: Personal Consumer Issues
Topic: Traveling to paris and amboise next week
Replies: 19
Views: 1433

Re: Traveling to paris and amboise next week

2. With the possible exception of a trip to Villandry for the magnificent garden, focus your sightseeing on castles east of Tours, which will cut down on driving. 3. Start with Clos Luce, Leonardo Da Vinci's residence in Amboise, and Amboise Castle. 4. From there, visit Chambord and chenonceaux. 5....
by BluesH
Mon Mar 18, 2019 10:54 am
Forum: Investing - Theory, News & General
Topic: Retired Investors - Do You Keep Cash For Down Years
Replies: 107
Views: 9297

Re: Retired Investors - Do You Keep Cash For Down Years

I agree with marcopolo. If you have 25x - 30x expenses in a 50/50 portfolio, that means you have 12x-15x in fixed income instruments. Mine is a combination of bond funds, CDs, and yes, MM. If equities are down, you would naturally draw from those fixed instruments in order to rebalance.
by BluesH
Thu Mar 07, 2019 7:20 pm
Forum: Personal Investments
Topic: Pension or lump sum?
Replies: 35
Views: 3505

Re: Pension or lump sum?

The SS train has left the station so that option is off the table. I am not sure what the current rules are since there have been some changes but if you change your mind about Social Security you can likely suspend it. Indeed. And you can turn back the clock by a year by paying back the last 12 mo...
by BluesH
Tue Mar 05, 2019 7:48 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone leaving behind a scholarship fund?
Replies: 63
Views: 4269

Re: Anyone leaving behind a scholarship fund?

Yes. I have a written agreement with the University of Illinois Foundation (my alma mater), creating the "Robert and Pauline H" scholarship fund. I got to establish criteria for picking the recipients. And if the earnings on the endowment are not enough for a full scholarship, they'll combine those ...
by BluesH
Thu Feb 28, 2019 1:45 am
Forum: Personal Finance (Not Investing)
Topic: Roth conversion 5year clock.
Replies: 19
Views: 1434

Re: Roth conversion 5year clock.

Dottie57 wrote:
Wed Feb 27, 2019 3:52 pm
The only clock that I am certain of is that you must have held the Roth for 5 years after age 59.5.
Not quite. You must have held a Roth for 5 years. It doesn't need to be the Roth in question.
by BluesH
Sat Feb 23, 2019 7:35 pm
Forum: Personal Investments
Topic: Playing it safe: How many years of living expenses near retirement?
Replies: 38
Views: 5375

Re: Playing it safe: How many years of living expenses near retirement?

I would think it depends on your AA. Our AA is 50% equities/50% bonds, so I don't really keep any "years of living expenses" in anything else. I agree with this line of thinking. My AA is closer to 40/60 (not quite Kitces' bond tent, but close). If I had "just" 25x my living expenses, math tells yo...
by BluesH
Sun Feb 10, 2019 4:51 pm
Forum: Personal Investments
Topic: When to exercise a "step-up" option on a step-up CD?
Replies: 4
Views: 380

Re: When to exercise a "step-up" option on a step-up CD?

Thanks Nisiprius. No, I know of no other analysis, but I trust that yours is accurate. Your post caught my attention because I just did a step-up on my Ally "Raise Your Rate" CD. It's a 2 year CD purchased in May 2018 for 100K. I just took advantage of a 0.2% bump, because I figured rates aren't goi...
by BluesH
Sun Feb 10, 2019 12:51 am
Forum: Personal Finance (Not Investing)
Topic: Exiting from a timeshare
Replies: 4
Views: 1095

Re: Exiting from a timeshare

Best advice is to check out Timeshare Users Group, https://www.tug2.com Particularly their free advice section, https://tug2.net/timeshare_advice/free-timeshare-owner-advice-articles.html Rule of thumb, that's emphasized over and over at TUG, is that any company that requires an upfront fee to liqui...
by BluesH
Sat Feb 02, 2019 5:24 pm
Forum: Personal Finance (Not Investing)
Topic: Not ready to RE! Plan going forward. [Retire Early]
Replies: 29
Views: 2835

Re: Not ready to RE! Plan going forward. [Retire Early]

A couple of comments. First, and if need be every 3 years or so withdraw less than 1 percent (assuming markets are doing well) to purchase vehicles or for unforeseen expenses. Most planners would advise that you add 0.33% to your yearly expenses to account for this, and then plan accordingly. If you...
by BluesH
Sat Feb 02, 2019 5:04 pm
Forum: Personal Finance (Not Investing)
Topic: Is roth conversion worth it in all cases?
Replies: 64
Views: 5824

Re: Is roth conversion worth it in all cases?

OP, do remember that at some point of time, your tax status will change to "Single" which has much lower tax bracket points. When I did this modeling, with a much lower deferred $ than you have, I choked at the tax bill and the effective tax rate. I'm not at home so I can't pull up my spreadsheet m...
by BluesH
Sat Feb 02, 2019 1:49 am
Forum: Personal Consumer Issues
Topic: Things to do in Inverness, Scotland
Replies: 9
Views: 857

Re: Things to do in Inverness, Scotland

If you're in Inverness you must see the Culloden battle site. We found it touching and inspiring; but we're history freaks. OTOH, we found Clava Cairns to be small and uninspiring. There are lots of castles nearby. Urquhart castle may be on the wrong side of Loch Ness for your walking trip; but if y...
by BluesH
Mon Jan 07, 2019 6:24 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security question hindsight
Replies: 65
Views: 5254

Re: Social Security question hindsight

One thing I never see mentioned in these SS analysis is the opportunity cost of savings used to cover expenses during the SS deferral period. For example, if someone would have received $20k per year in SS beginning at age 62 and needs that income for living expenses, they would need to pull that m...
by BluesH
Mon Jan 07, 2019 1:20 pm
Forum: Investing - Theory, News & General
Topic: recent interview w/ Ted Benna - inventor of 401(k)
Replies: 8
Views: 588

Re: recent interview w/ Ted Benna - inventor of 401(k)

nedsaid wrote:
Mon Jan 07, 2019 1:11 pm
It would be very helpful to have an option to annuitize part of all of the balance upon retirement. In effect, pensionizing the 401(k), but that is another discussion.
Yeah, but he said that he would require annuitization of all but 10%. That strikes me as a terrible idea.
by BluesH
Sun Jan 06, 2019 2:13 am
Forum: Personal Finance (Not Investing)
Topic: Social Security question hindsight
Replies: 65
Views: 5254

Re: Social Security question hindsight

At that time, some experts claimed the payout was actuarially equivalent whichever decision I made. Also, my own analysis showed breakeven around age 82. As I understand it, the payout structure (early claiming penalties, delayed retirement credits) was designed to be actuarially fair for the entir...
by BluesH
Mon Dec 31, 2018 12:56 am
Forum: Investing - Theory, News & General
Topic: Annuities objectively considered
Replies: 128
Views: 12165

Re: Annuities objectively considered

Fidelity is just not competitive on their SPIA and deferred income annuity. I ran on immediate annuity.com and their rate for a 59 year old getting income at 65 based on 200,000 premium was $1473 per month and if you want return of premium prior to 65 if you pass you reduce it to $1394 per month. T...
by BluesH
Fri Dec 28, 2018 2:47 pm
Forum: Personal Finance (Not Investing)
Topic: QCD, RMD, and Roth conversions
Replies: 36
Views: 1309

Re: QCD, RMD, and Roth conversions

The tricky thing to remember is that your first RMD occurs in the YEAR that you turn 70-1/2. If Person A turns 70 on June 1, 2018, any distribution from your IRA in 2018 would count towards an RMD despite the fact that you turn 70-1/2 on December 1, 2018. However, you cannot make a QCD until you ac...
by BluesH
Mon Dec 17, 2018 2:44 am
Forum: Investing - Theory, News & General
Topic: If SS Delayed Retirement Credits grew beyond age 70...
Replies: 8
Views: 1106

Re: If SS Delayed Retirement Credits grew beyond age 70...

Of course, any longevity issues which would make you conclude you have greater or lesser than normal life expectancy should dominate the decision. Other than that, while the nominal yearly DRC is deemed to be 8%, that's in relation to your PIA. But in fact, in each year you make the decision to dela...
by BluesH
Sat Dec 15, 2018 2:06 pm
Forum: Personal Finance (Not Investing)
Topic: turbo deluxe or premier for 2018 tax return
Replies: 4
Views: 526

Re: turbo deluxe or premier for 2018 tax return

I've had long-term capital loss carry-forwards for about 10 years now. I've always used TT Deluxe and it's had no problem with it. Each year it finds the carry-forward from the previous and fills it in for me. Honestly, I'm barely aware that it's doing so for me.
by BluesH
Sun Dec 09, 2018 9:17 pm
Forum: Investing - Theory, News & General
Topic: does the 4% withdrawal guideline include dividends?
Replies: 43
Views: 3316

Re: does the 4% withdrawal guideline include dividends?

Has much analysis been done of the chance for success of preservation of portfolios using a 4% annual withdrawal but recalculating the 4% for each year's ending portfolio value-that is,if the portfolio went down,so does the 4%( :( ),but if the portfolio went up ( :D ) so does the 4%! (Each year) of...
by BluesH
Mon Dec 03, 2018 5:58 pm
Forum: Investing - Theory, News & General
Topic: Withdrawal rate age 90&86
Replies: 14
Views: 1214

Re: Withdrawal rate age 90&86

If they don't care about preserving assets for a legacy, immediateannuities.com says they can get a joint (last to die) annuity with a payout rate of 12.37% (California rate).
by BluesH
Mon Dec 03, 2018 5:33 pm
Forum: Personal Consumer Issues
Topic: Garage door openers - please compare Chamberlain B970, B980, B1381?
Replies: 24
Views: 6279

Re: Garage door openers - please compare Chamberlain B970, B980, B1381?

Another recommendation that you take this opportunity to convert to a jack shaft opener. LiftMaster 8500 is the most common. I'll third (or fourth) that recommendation. Got one installed about 5 years ago, and I love it. No screw, track, or belt mechanism. Tucked off to the side, attached to the to...
by BluesH
Sun Dec 02, 2018 2:25 pm
Forum: Personal Finance (Not Investing)
Topic: Proper way to retire
Replies: 57
Views: 6792

Re: Proper way to retire

In early 2017 I notified my employer of my plan to leave at the end of 2017. Note that my employer has always been very generous, and I wanted to give maximum notice for their benefit. My plan, as announced, was to stop working at the end of 2017, but remain on payroll until mid-March of 2018 in ord...
by BluesH
Mon Nov 19, 2018 5:15 pm
Forum: Personal Investments
Topic: Asset Allocation for Recent Retiree
Replies: 20
Views: 1638

Re: Asset Allocation for Recent Retiree

You might want to read Wade Pfau's article about the concept of a "rising equity glide path." It argues for being more conservative around the time you retire. It is consistent with the plan you have executed. Yes, this appears to be a similar concept to Kitce's "bond tent" that I referenced before...
by BluesH
Mon Nov 19, 2018 3:52 pm
Forum: Personal Investments
Topic: Asset Allocation for Recent Retiree
Replies: 20
Views: 1638

Re: Asset Allocation for Recent Retiree

Bill Bernstein, who is well respected on this forum, has recommended a retirement portfolio of 25 years of net expenses (total expenses minus any Social Security and/or pension benefits) in cash equivalents. The remainder of the portfolio is invested in stocks. Something to consider for your situat...
by BluesH
Mon Nov 19, 2018 3:50 pm
Forum: Personal Investments
Topic: Asset Allocation for Recent Retiree
Replies: 20
Views: 1638

Re: Asset Allocation for Recent Retiree

BluesH: Welcome to the Bogleheads Forum! You might try doing what I have done in retirement: Put the money you cannot afford to lose into safe fixed-income securities (I use Vanguard Total Bond Market). Put the rest into a broad stock market index fund. Read my "Simplicity" link below. Best wishes....
by BluesH
Mon Nov 19, 2018 3:24 pm
Forum: Personal Investments
Topic: Asset Allocation for Recent Retiree
Replies: 20
Views: 1638

Re: Asset Allocation for Recent Retiree

What would playing with stocks buy you? If you can live comfortably on bonds and still have a large reserve for unexpected expenses, and you don't wish to leave a large inheritance, 100% bonds would be the way to go. No need to gamble unnecessarily. Well, my remaining risks would be (1) high inflat...
by BluesH
Mon Nov 19, 2018 3:00 pm
Forum: Personal Investments
Topic: Asset Allocation for Recent Retiree
Replies: 20
Views: 1638

Re: Asset Allocation for Recent Retiree

Emergency funds: Yes, included in Taxable cash bucket below. Debt: None Tax Filing Status: MFJ Tax Rate: 12% Federal, 6% State State of Residence: CA Age: 67 (me), 70 (wife) Desired Asset allocation: That's the question. Desired International allocation: Another good question Current retirement asse...
by BluesH
Mon Nov 19, 2018 2:00 pm
Forum: Personal Investments
Topic: Asset Allocation for Recent Retiree
Replies: 20
Views: 1638

Asset Allocation for Recent Retiree

I thought I knew what would be an appropriate AA for me. But since retiring this past April (and living off assets), I appear to be getting more conservative. Appropriately so, though I'm now questioning whether it's conservative enough. For the last 3 years before retirement, I varied between 65% a...