Search found 15 matches

by swengineer
Sun Jan 10, 2021 12:04 am
Forum: Personal Consumer Issues
Topic: Regrets postponing retirement too long?
Replies: 171
Views: 15521

Re: Regrets postponing retirement too long?

You say you think you have enough based on a 4% rule, but that's just an approximation. A big reason for One-More-Year-itis is that you don't feel confident in your plan. Spend some time looking at your financial situation in detail. Figure out your current spending, how that spending will change wh...
by swengineer
Tue Jan 05, 2021 10:44 pm
Forum: Personal Finance (Not Investing)
Topic: Smarthome Design Requests - Building New Home
Replies: 48
Views: 2614

Re: Smarthome Design Requests - Building New Home

Choose devices from manufacturers that are in it for the long haul. Before retiring, a part of my job was IoT standards, there are/were a lot of them, many that have failed. The megaco I worked for bought a few and shut them down a few years later. Co-workers that got laid off as part of those shutd...
by swengineer
Tue Jan 05, 2021 12:59 pm
Forum: Personal Investments
Topic: RMD @ 72 seems quite high according to calculator
Replies: 182
Views: 11169

Re: RMD @ 72 seems quite high according to calculator

I've seen the deferred annuity option posted in this thread, but I haven't seen QLACs talked about. Kitces wasn't keen on them https://www.kitces.com/blog/why-a-qlac-in-an-ira-is-a-terrible-way-to-defer-the-required-minimum-distribution-rmd-obligation/ for deferring RMDs, but if you choose to do one...
by swengineer
Sat Jan 02, 2021 9:56 am
Forum: Personal Consumer Issues
Topic: Bulging Iphone - How to replace securely
Replies: 30
Views: 2350

Re: Bulging Iphone - How to replace securely

The SIM card only has cellular provisioning information on it these days. Pretty much all other data such as photos or mail are stored on the built-in storage on the iPhone. You'll want to erase the phone before disposing of it.

https://support.apple.com/en-us/HT201274
by swengineer
Thu Sep 10, 2020 11:18 am
Forum: Personal Consumer Issues
Topic: Saving on flight schools!
Replies: 20
Views: 2047

Re: Saving on flight schools!

I will second the recommendation that you do ground school before flying. My wife and I did ground school through a community education class 20+ years ago for $40 per person. The instructor played a lesson on VHS tape, then we worked through all the problems in the workbook, which were really pract...
by swengineer
Wed Sep 09, 2020 11:22 am
Forum: Personal Consumer Issues
Topic: Set up new iPad for MIL with dementia in nursing home
Replies: 20
Views: 1559

Re: Set up new iPad for MIL with dementia in nursing home

This is a tough situation to be in. My MIL had milder dementia but greatly struggled with technology, so we elected to not use very much. One other thing to consider using is Mobile Device Management, MDM software. This is something a school or an enterprise would use to manage their devices. It wou...
by swengineer
Wed Aug 26, 2020 1:21 pm
Forum: Personal Finance (Not Investing)
Topic: Tax reporting of donation of ESPP shares
Replies: 11
Views: 678

Re: Tax reporting of donation of ESPP shares

Let me give an example. Share price at purchase: $100 Discount: 15% Share price at sale/donation: $500 I paid $85 with after tax money and the rest $15 was on the company. The $15 was not reported at the time. When I sell the share as a qualified disposition, the basis is $85, LTG is $400, and $15 ...
by swengineer
Tue Aug 11, 2020 4:04 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Calculation
Replies: 4
Views: 433

Re: Social Security Calculation

See the details of the PIA calculation at https://ssa.tools You can enter the earnings and see the details of the calculation for each person, one at at time.
by swengineer
Fri Jul 24, 2020 7:05 pm
Forum: Investing - Theory, News & General
Topic: Roth conversions
Replies: 12
Views: 910

Re: Roth conversions

Schwab also allows you to do a traditional IRA to Roth conversion online.
by swengineer
Mon Jun 29, 2020 2:18 pm
Forum: Personal Consumer Issues
Topic: Heat pump/ac using 4 kWh - how do I fix this?
Replies: 50
Views: 2060

Re: Heat pump/ac using 4 kWh - how do I fix this?

Surprised I haven't seen this comment yet. Check if the coils in the compressor outside are clean, or are they partially blocked with dust, lint, spiderwebs, etc.

Cleaning the coils if they are very dirty can reduce your electricity costs.
by swengineer
Fri May 10, 2019 8:06 pm
Forum: Personal Finance (Not Investing)
Topic: Help me pull the trigger-need to quit
Replies: 41
Views: 5715

Re: Help me pull the trigger-need to quit

For the financial analysis portion of your question, I'd suggest you read through the Early Retirement Now case study series at https://earlyretirementnow.com/2018/01/17/ten-lessons-from-ten-safe-withdrawal-rate-case-studies/ . He publishes the google docs spreadsheet for each case study, the later ...
by swengineer
Mon Apr 01, 2019 11:05 pm
Forum: Personal Consumer Issues
Topic: Boglehead Pilots...advice
Replies: 57
Views: 6863

Re: Boglehead Pilots...advice

I did my training nearly 20 years ago, but still fly regularly, so the training info may be out of date. There are a number of ground school options in addition to the Jepesen courses. I took ground school through the local community education program with about eight others. A CFII taught the cours...
by swengineer
Fri Feb 08, 2019 5:56 pm
Forum: Personal Finance (Not Investing)
Topic: re: WEP Social Security Question
Replies: 7
Views: 815

Re: re: WEP Social Security Question

If I understand your question correctly, you are only looking at receiving a spousal benefit (your spouse is alive), not your own benefit. You should be looking at the GPO rules, not the WEP rules. The good news is GPO is less complex than WEP.

https://www.ssa.gov/planners/retire/gpo-calc.html
by swengineer
Sat Jan 05, 2019 10:35 pm
Forum: Personal Finance (Not Investing)
Topic: Downloadable Social Security Benefit Estimator (repost)
Replies: 116
Views: 24536

Re: Downloadable Social Security Benefit Estimator (repost)

Please consider implementing social security eligibility credits in this spreadsheet. http://socialsecurity.tools recently implemented credits, and it changed the outcome for the second demo case (and likely other users as well). Turns out that with only five years of earnings, that worker wasn't ac...
by swengineer
Sun Dec 16, 2018 11:21 pm
Forum: Investing - Theory, News & General
Topic: Wife's New Job Has No Retirement Plan - Is Taxable Account My Only Option?
Replies: 7
Views: 1173

Re: Wife's New Job Has No Retirement Plan - Is Taxable Account My Only Option?

If you have a high deductible health insurance plan, HSA contributions reduce taxable AGI. HSAs can be used to pay health costs in retirement, so can be used to fund health care expenses in retirement. Single HSA 2018 contribution limit is $3450, family is $6900. You can contribute $1000 more if you...