Search found 2355 matches

by scrabbler1
Fri May 24, 2019 12:30 pm
Forum: Personal Consumer Issues
Topic: How Do You Organize Your Flash Drives?
Replies: 37
Views: 2216

Re: How Do You Organize Your Flash Drives?

I have 5 flash drives I have acquired over the years, all freebies as promotional giveaways from an electronics store. The older ones have less storage space, so the two newest, larger-capacity ones I use for desktop backup purposes. The other 3 are mostly empty except for when I need to take files ...
by scrabbler1
Tue May 21, 2019 11:13 am
Forum: Personal Finance (Not Investing)
Topic: FIRE - What am I missing in the News Stories
Replies: 223
Views: 14125

Re: FIRE - What am I missing in the News Stories

Child free was the best decision we've ever made and we have zero regret. We do enjoy our nieces and nephews but at the end of the day the parents can have them back. Fair enough - it’s not for everybody. I can just understand a Luke warm reaction when explaining (in my quotes thread) part of FIRE ...
by scrabbler1
Mon May 20, 2019 4:49 pm
Forum: Personal Finance (Not Investing)
Topic: FIRE - What am I missing in the News Stories
Replies: 223
Views: 14125

Re: FIRE - What am I missing in the News Stories

"no kids" is hardly a routine choice or sacrifice, though... That's a seriously life-altering one. I don't think you'll find many people who can relate to missing that part of life as a positive thing to enable retiring earlier. 100% agree. Having my son was easily the best thing I’ve ever done. It...
by scrabbler1
Mon May 20, 2019 2:12 pm
Forum: Personal Finance (Not Investing)
Topic: FIRE - What am I missing in the News Stories
Replies: 223
Views: 14125

Re: FIRE - What am I missing in the News Stories

This was my point in some earlier posts. Even though I kinda hit a lottery by cashing out $300k from company stock, my short answer of "no kids, no debts" quickly bored most people I told about my early retirement. Exactly. No one wants to hear about the routine choices and sacrifices you made that...
by scrabbler1
Mon May 20, 2019 12:50 pm
Forum: Personal Finance (Not Investing)
Topic: FIRE - What am I missing in the News Stories
Replies: 223
Views: 14125

Re: FIRE - What am I missing in the News Stories

FIRE is a source of attention grabbing headlines; makes good clickbait. Yep. I retired at 49 and there was a shock effect. People wanted to find out how. Then they were bored by my story and were no longer interested. People want to hear that you hit the lottery or something. They are disappointed ...
by scrabbler1
Mon May 20, 2019 10:14 am
Forum: Personal Finance (Not Investing)
Topic: FIRE - What am I missing in the News Stories
Replies: 223
Views: 14125

Re: FIRE - What am I missing in the News Stories

As someone who FIREd 11 years ago at age 45, I often get a chuckle from reading these news stories. Often, these FIREees simply downsized to work in other lower-paying but perhaps more enjoyable fields instead of their higher-stress, higher-paying jobs. Others have spouses who work while declaring ...
by scrabbler1
Sun May 19, 2019 6:54 pm
Forum: Personal Finance (Not Investing)
Topic: FIRE - What am I missing in the News Stories
Replies: 223
Views: 14125

Re: FIRE - What am I missing in the News Stories

As someone who FIREd 11 years ago at age 45, I often get a chuckle from reading these news stories. Often, these FIREees simply downsized to work in other lower-paying but perhaps more enjoyable fields instead of their higher-stress, higher-paying jobs. Others have spouses who work while declaring ...
by scrabbler1
Sun May 19, 2019 6:47 pm
Forum: Personal Finance (Not Investing)
Topic: FIRE - What am I missing in the News Stories
Replies: 223
Views: 14125

Re: FIRE - What am I missing in the News Stories

Many say they have retired from their software engineering position and now make coffee at Starbucks. That's not retired. That is literally retired. We apply the same concept to people who retire from the military, or from sports or other activities. Retiring simply does not mean "never again doing...
by scrabbler1
Sun May 19, 2019 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: FIRE - What am I missing in the News Stories
Replies: 223
Views: 14125

Re: FIRE - What am I missing in the News Stories

As someone who FIREd 11 years ago at age 45, I often get a chuckle from reading these news stories. Often, these FIREees simply downsized to work in other lower-paying but perhaps more enjoyable fields instead of their higher-stress, higher-paying jobs. Others have spouses who work while declaring t...
by scrabbler1
Sun May 19, 2019 12:00 pm
Forum: Personal Finance (Not Investing)
Topic: Another Inherited IRA question
Replies: 11
Views: 883

Re: Another Inherited IRA question

My friend inherited an IRA back in 2012 following the death of his remaining parent. As Reb Teyve pointed out, once you have the correct divisor for the first year, all you do is step it down by one every year while using the year's beginning balance in the numerator. With my friend, who was 49 when...
by scrabbler1
Thu May 16, 2019 5:56 am
Forum: Personal Investments
Topic: Income stream post retirement.
Replies: 35
Views: 3221

Re: Income stream post retirement.

Hi guys, Wanted to pick your collective brains wrt how to setup a periodic income stream post-retirement. I'm still a fair bit away but was just curious how people manage this. Lets assume you've got your savings invested completely. How do you structure this so you have incoming cash every month (...
by scrabbler1
Sun May 05, 2019 7:18 pm
Forum: Investing - Theory, News & General
Topic: How and when did you do it - to get to 1 Million
Replies: 130
Views: 27061

Re: How and when did you do it - to get to 1 Million

Hello everyone, Have been learning a lot on the forum and have been trying to plan for the future (I'm in my mid 20s), starting out with a new job. For those in the two comma club and those that have "won the game," could you share how you got there? How much you put away, when, where, and how long...
by scrabbler1
Mon Apr 29, 2019 8:49 pm
Forum: Personal Investments
Topic: Dividends: do you like cash or reinvestment?
Replies: 19
Views: 1927

Re: Dividends: do you like cash or reinvestment?

As others have posted, there is no real difference taxwise. As an early retiree, I take the larger dividends in cash and reinvest the smaller ones. The larger ones, one monthly and one quarterly, I use to pay my bills.
by scrabbler1
Mon Apr 29, 2019 8:47 pm
Forum: Personal Consumer Issues
Topic: Internet and computer safety
Replies: 13
Views: 855

Re: Internet and computer safety

I use Windows Defender (W10) and Malwarebytes free version. They have kept me out of trouble.
by scrabbler1
Mon Apr 29, 2019 7:44 pm
Forum: Personal Finance (Not Investing)
Topic: Retirees: I'm not going to run out
Replies: 62
Views: 8515

Re: Retirees: I'm not going to run out

I knew 6 months before I retired in 2008 at age 45. That was wen I visited my local Fido office and my (unpaid) Account executive ran my numbers through Fido's RIP program and it showed how my portfolio would explode in value when my frozen pension and SS kicked in.
by scrabbler1
Mon Apr 29, 2019 11:03 am
Forum: Personal Finance (Not Investing)
Topic: Credit is frozen, how do I apply for credit card?
Replies: 16
Views: 1402

Re: Credit is frozen, how do I apply for credit card?

I have had a bad experience and a good experience in dealing with frozen credit while trying to get a credit card or increase my credit card's limit since I froze my credit about 5 years ago in the wake of the Anthem/BCBS breach. The bad experience was at the checkout counter at a store when the ca...
by scrabbler1
Mon Apr 29, 2019 10:55 am
Forum: Personal Finance (Not Investing)
Topic: save on interest by paying down mortgage principal
Replies: 68
Views: 5997

Re: save on interest by paying down mortgage principal

Back in the 1990s, I paid off large chunks of principal on my mortgage. ... I did that also. But mortgage interest rates are ridiculously low now, compared to what they were in the 1990s. Tell me about it! My friend bought an apartment in late 2011 and took out a 30-year mortgage, just like I did i...
by scrabbler1
Sun Apr 28, 2019 11:21 pm
Forum: Personal Finance (Not Investing)
Topic: save on interest by paying down mortgage principal
Replies: 68
Views: 5997

Re: save on interest by paying down mortgage principal

Back in the 1990s, I paid off large chunks of principal on my mortgage. To figure out if this was going to be worthwhile, I calculated my net savings after taxes (it was deductible on my federal and state returns). I also figured out the next investment income forgone by taking money out of a state ...
by scrabbler1
Sun Apr 28, 2019 11:08 pm
Forum: Personal Finance (Not Investing)
Topic: Credit is frozen, how do I apply for credit card?
Replies: 16
Views: 1402

Re: Credit is frozen, how do I apply for credit card?

I have had a bad experience and a good experience in dealing with frozen credit while trying to get a credit card or increase my credit card's limit since I froze my credit about 5 years ago in the wake of the Anthem/BCBS breach. The bad experience was at the checkout counter at a store when the cas...
by scrabbler1
Sun Apr 28, 2019 11:22 am
Forum: Personal Finance (Not Investing)
Topic: Is ACH Billpay risky?
Replies: 41
Views: 3085

Re: Is ACH Billpay risky?

I do automatic ACH pulls for most of my recurring monthly bulls and have done so without incident since the early 1990s. This was very helpful 4 years ago when I was in the hospital for 12 days. I had a few bills due in those 12 days which got paid seamlessly. Those recurring monthly bills are the s...
by scrabbler1
Sat Apr 27, 2019 1:11 pm
Forum: Personal Finance (Not Investing)
Topic: Inflation assumption for planning
Replies: 24
Views: 1267

Re: Inflation assumption for planning

Because, as an early retiree, I am buying my own health insurance, in my planning spreadsheet I have separate entries for medical inflation and non-medical inflation. For non-medical, I use 3%. For medical, I use 10%.
by scrabbler1
Fri Apr 26, 2019 5:57 am
Forum: Personal Finance (Not Investing)
Topic: Spread Sheets [for retirement planning]
Replies: 15
Views: 1822

Re: Spread Sheets [for retirement planning]

When I was putting together my early retirement plan back in 2007-2008, I created a spreadsheet which did 2 important things. The first was to predict my expenses in retirement in a given year based on my current expenses. The second was to look at the longer term by adjusting for inflation those ex...
by scrabbler1
Mon Apr 22, 2019 5:05 pm
Forum: Personal Finance (Not Investing)
Topic: [2018 tax return - How does it compare to previous years?]
Replies: 441
Views: 30784

Re: [2018 tax return - How does it compare to previous years?]

If you don't like what they did to the forms, as in all those extra schedules (1-6) from dicing up the old 1040 form and eliminating the old short forms (1040A, 1040EZ), then let Nina Olson of the Taxpayer Advocate know. I wrote her last month and she was glad to hear my complaints. Her email addres...
by scrabbler1
Sun Apr 21, 2019 11:32 am
Forum: Personal Consumer Issues
Topic: Getting rid of spam
Replies: 22
Views: 1466

Re: Getting rid of spam

My biggest complaint about spam emails is not being able to use wild cards to specify broader ranges of email addresses and domain names to filter out more junk emails. Very often, the email addresses of the senders include a lot of gobbledygook along with some legit words in either the name or doma...
by scrabbler1
Thu Apr 18, 2019 6:17 pm
Forum: Personal Finance (Not Investing)
Topic: When did you start spending more and saving less?
Replies: 77
Views: 5056

Re: When did you start spending more and saving less?

Tycoon wrote:
Thu Apr 18, 2019 2:29 pm
The day after I retired.
Same here.
by scrabbler1
Wed Apr 17, 2019 7:47 am
Forum: Personal Investments
Topic: How often do you check up on your investments?
Replies: 35
Views: 2187

Re: How often do you check up on your investments?

I'll check them at the end of each month when I get monthly dividend distributions. Some months, I get mid-month dividend of cap gain distributions, so I'll check for them. I also check another day mid-month to post balances into my spreadsheet. If I looking at doing a rebalancing move, which is at ...
by scrabbler1
Mon Apr 15, 2019 11:33 am
Forum: Personal Finance (Not Investing)
Topic: how long to have mailed check cashed by IRS?
Replies: 13
Views: 1148

Re: how long to have mailed check cashed by IRS?

Mailed my state and federal returns from the post office via regular mail on Tuesday, April 2nd. Both checks cleared by Friday night, April 5th.
by scrabbler1
Thu Apr 11, 2019 9:25 am
Forum: Personal Consumer Issues
Topic: Can you buy a new car with a cashiers check without unfreezing a credit freeze?
Replies: 68
Views: 4164

Re: Can you buy a new car with a cashiers check without unfreezing a credit freeze?

The last time I bought a (new) car, 12 years ago, I put the deposit on my CC and brought in a bank check for our agree-upon amount. The salesman gave me choice between that and having him tear up the deposit and bringing in a check for the full amount but I balked at that. No credit check. He wanted...
by scrabbler1
Thu Apr 11, 2019 7:53 am
Forum: Investing - Theory, News & General
Topic: Is there a relatively stable junk bond fund?
Replies: 43
Views: 4863

Re: Is there a relatively stable junk bond fund?

You might consider Fidelity Focused High Income Fund (FHIFX). It's mostly BB but has some B and BBB bonds. I think of it as "cream of the crap."
by scrabbler1
Wed Apr 10, 2019 8:30 am
Forum: Personal Consumer Issues
Topic: How Much Do You Pay For Haircut?
Replies: 115
Views: 6408

Re: How Much Do You Pay For Haircut?

$15 + $4 tip. Once every 2 months. Barbershop is walking distance from where I live. Been going there for the last 7 years. While the boss barber has been there the whole time, the second barber spot has had some turnover, so I am often breaking a first-time barber in. The boss barber knows me and k...
by scrabbler1
Mon Apr 08, 2019 9:19 am
Forum: Personal Finance (Not Investing)
Topic: Standard Deduction vs Itemizing - Experience this year
Replies: 52
Views: 5278

Re: Standard Deduction vs Itemizing - Experience this year

I itemized every year from 1989-2008, the 20 years I was both working and owned my co-op apartment. Starting in 2009, my first full year of early retirement, I usually itemized but sometimes took the standard deduction because I was able to bunch some of my deductions and save a few hundred dollars ...
by scrabbler1
Fri Apr 05, 2019 9:20 am
Forum: Personal Consumer Issues
Topic: Windows 10 security software
Replies: 33
Views: 2225

Re: Windows 10 security software

Once in a while, when I download a legit update to an app, it won't install because I have Controlled Folder Access turned on. I then turn it off temporarily, do the download/install, then turn it back on. It's a minor nuisance, but because I so rarely have to do the off/on thing, I feel this protec...
by scrabbler1
Thu Apr 04, 2019 7:45 am
Forum: Personal Finance (Not Investing)
Topic: Federal tax refund? What are you doing with it?
Replies: 54
Views: 2446

Re: Federal tax refund? What are you doing with it?

Because I have not had any tax withholding since 2008 (I retired that year), I never get a refund anymore. I make my first estimated tax payment in the 4th quarter, when I know or have a really good idea what my total tax bill will be. Depending on what that is, I pay a good chunk of it in January a...
by scrabbler1
Wed Apr 03, 2019 1:26 pm
Forum: Personal Finance (Not Investing)
Topic: What? No Income?
Replies: 62
Views: 7052

Re: What? No Income?

I retired 10 years ago at age 45. I had stopped working full-time 7 years before that, working part-time for those 7 years. The ACA was very helpful in my being able to continue affording health insurance, something I will be on for another 10 years. I had simply had enough of working, especially th...
by scrabbler1
Wed Apr 03, 2019 1:21 pm
Forum: Personal Consumer Issues
Topic: Windows 10 security software
Replies: 33
Views: 2225

Re: Windows 10 security software

I use Windows Defender and Malwarebytes free version.
by scrabbler1
Fri Mar 29, 2019 4:23 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement: What expenses did you reduce?
Replies: 63
Views: 4202

Re: Retirement: What expenses did you reduce?

When I was putting together my early retirement plan about 10 years ago, I saw that my FICA taxes and commutation costs would disappear, and my health insurance costs would increase. These costs roughly offset each other. My income taxes dropped slightly because (a) some of my income moved from ordi...
by scrabbler1
Fri Mar 29, 2019 4:15 pm
Forum: Personal Finance (Not Investing)
Topic: How often do you check your net worth?
Replies: 257
Views: 14568

Re: How often do you check your net worth?

lostdog wrote:
Fri Mar 29, 2019 10:21 am
I record it once a month.
Works for me, too.
by scrabbler1
Thu Mar 28, 2019 5:49 pm
Forum: Personal Investments
Topic: My Life in Retirement - Thank You !!
Replies: 30
Views: 4096

Re: My Life in Retirement - Thank You !!

Hi Bogleheads, I updated my Quicken balances this morning and found that I had received my quarterly dividend from my S&P 500 holdings (IVV). Whats interesting about this is that when I was working I checked my balances every day, and anxiously anticipated all dividend payments. Now that I'm retire...
by scrabbler1
Wed Mar 27, 2019 3:04 pm
Forum: Personal Finance (Not Investing)
Topic: Occupation on tax return
Replies: 25
Views: 3060

Re: Occupation on tax return

Steelersfan wrote:
Wed Mar 27, 2019 9:32 am
I've put "Retired" on my last 10 returns and no push back so far.
Same here.
by scrabbler1
Mon Mar 25, 2019 7:48 am
Forum: Personal Finance (Not Investing)
Topic: Tax refund: take the cash or apply to next year's estimates?
Replies: 12
Views: 1499

Re: Tax refund: take the cash or apply to next year's estimates?

I would take all or most of it in cash. Can you pay the second quarter's estimated tax amount with the refund, without incurring any penalties for 2nd quarter underpayment? The second "quarter" is only 2 months, not 3 (April 1-May 31), so its payment will be due in about 11 weeks from now. I do the ...
by scrabbler1
Mon Mar 25, 2019 7:31 am
Forum: Personal Finance (Not Investing)
Topic: [Retiring before 65: How do you deal with health insurance?]
Replies: 87
Views: 10742

Re: [Retiring before 65: How do you deal with health insurance?]

I retired 10 years ago at age 45. I have been on the individual market for the last 10 years, the last 5 on an ACA silver plan. After barely qualifying for a small premium subsidy from 2014-2016, I went over the subsidy cliff in 2017 and 2018. The lost subsidy has been growing in 2017 and 2018, from...
by scrabbler1
Sat Mar 23, 2019 10:07 am
Forum: Personal Finance (Not Investing)
Topic: Close my AT&T Universal Card?
Replies: 43
Views: 2771

Re: Close my AT&T Universal Card?

Discover card didn't start until 1985 or so. I was an early adopter because Sears owned it at the time an pushed them in their stores. One of the first CC bonuses I got was for signing up for that in 1986. Sears was late in allowing regular CCs for purchases. I recall in 1991 I tried to buy a weddi...
by scrabbler1
Fri Mar 22, 2019 6:32 am
Forum: Personal Consumer Issues
Topic: Do you still wear a necktie to work?
Replies: 108
Views: 5181

Re: Do you still wear a necktie to work?

Back in my working days, which began in 1985, we men had to wear a necktie every day. But in 1994 the office began a Casual Fridays for the summer, from early July through Labor Day. We couldn't wear jeans or shorts, or sneakers, but losing the necktie and switching to a 2-button pullover shirt were...
by scrabbler1
Wed Mar 20, 2019 7:45 pm
Forum: Personal Finance (Not Investing)
Topic: Filing 1040X
Replies: 7
Views: 366

Re: Filing 1040X

Today I received a Form 1099-Div CORRECTED from TDAmeritrade for a family member couple who I help prepare tax returns. The original return was filed about March 1st. In the past few years there hasn't been any corrected Forms 1099, but this time I guess we jumped the gun by filing too early. Once ...
by scrabbler1
Wed Mar 20, 2019 5:51 pm
Forum: Personal Finance (Not Investing)
Topic: Filing 1040X
Replies: 7
Views: 366

Re: Filing 1040X

Today I received a Form 1099-Div CORRECTED from TDAmeritrade for a family member couple who I help prepare tax returns. The original return was filed about March 1st. In the past few years there hasn't been any corrected Forms 1099, but this time I guess we jumped the gun by filing too early. Once ...
by scrabbler1
Wed Mar 20, 2019 1:41 pm
Forum: Investing - Theory, News & General
Topic: retirement / taxable accounts as two separate buckets
Replies: 17
Views: 1467

Re: retirement / taxable accounts as two separate buckets

Hello all, My wife and I have been saving for retirement and early retirement for a number of years. We have set up our asset allocation in a way that makes sense to us, but that I've never heard of anyone else doing. I'm looking for input on this strategy. We have always maxed out all of our retir...
by scrabbler1
Tue Mar 19, 2019 8:54 am
Forum: Investing - Theory, News & General
Topic: Favorite investment quote
Replies: 73
Views: 3918

Re: Favorite investment quote

In a "Seinfeld" episode, there was this quick exchange between Jerry and George about compound interest after George is notified about some money in his name in an abandoned bank account. George's first line is one of my favorites when it comes to investing. George: "Interest" - it's an amazing thin...
by scrabbler1
Sun Mar 17, 2019 10:59 pm
Forum: Investing - Theory, News & General
Topic: Favorite investment quote
Replies: 73
Views: 3918

Re: Favorite investment quote

"Buy low, sell high."

I first heard that line in a Flintstone's episode nearly 50 years ago, when I was around 7 or 8 years old.
by scrabbler1
Sat Mar 16, 2019 1:25 pm
Forum: Personal Investments
Topic: Cost basis for retirement accounts
Replies: 28
Views: 8356

Re: Cost basis for retirement accounts

Gettting back to the NUA for company stock in a 401K. I was excited thinking that all of my company match 401k stock could be transferred to a taxable account after retirement, and I would then pay long term capital gains rates when I sell the stock. rather than paying ordinary income rates as is n...
by scrabbler1
Sun Mar 10, 2019 11:11 am
Forum: Personal Finance (Not Investing)
Topic: What are your personal experiences with downside of early retirement?
Replies: 69
Views: 10170

Re: What are your personal experiences with downside of early retirement?

the high cost of health care but early retirement should be everyone's goal life is not a dress rehearsal Yes+. I buy health insurance from my former employer. Last year they reimbursed for out of network care at a reduced rate, which was fine by me. This year, they are not reimbursing for out of n...