Search found 2233 matches

by scrabbler1
Sun Dec 09, 2018 2:08 pm
Forum: Investing - Help with Personal Investments
Topic: Tax loss harvesting, Fidelity round-trip violation
Replies: 7
Views: 647

Re: Tax loss harvesting, Fidelity round-trip violation

I received a round-trip violation warning from Fido once about 9 years ago in my brokerage account. There were no consequences as far as privileges go. I've done round-trips once in a while (never 4 times in a year) within my Rollover IRA and never heard anything from Fido. Maybe there are different...
by scrabbler1
Sat Dec 08, 2018 10:38 am
Forum: Personal Consumer Issues
Topic: Retired in your late 40s or early 50s?
Replies: 82
Views: 12152

Re: Retired in your late 40s or early 50s?

Pam01 wrote:
Fri Dec 07, 2018 7:58 pm
Early retirees, what are you doing for healthcare coverage in early retirement, especially if living in the US?
I have a Silver plan under the ACA. I qualify for a small subsidy, but went over the subsidy cliff in 2017 and will go over it again in 2018.
by scrabbler1
Sat Dec 08, 2018 10:36 am
Forum: Personal Consumer Issues
Topic: Retired in your late 40s or early 50s?
Replies: 82
Views: 12152

Re: Retired in your late 40s or early 50s?

For most of the early retirees, what withdrawal rates are you using? Did you have to make adjustments to your original withdrawal plans? I don't have a preset withdrawal rate, but it has been between 1.7% and 2.5% in the 10 years I have been retired. The only meaningful adjustment I have made in th...
by scrabbler1
Thu Dec 06, 2018 8:55 am
Forum: Personal Finance (Not Investing)
Topic: Health insurance for FIRE [Financial Independence Retire Early]
Replies: 83
Views: 6309

Re: Health insurance for FIRE

I FIREd 10 years ago, at age 45, a few years before the ACA. At the time, I had a reasonably affordable individual plan. But its premiums rose 50% in 2 years and I had to ditch it for a bare-bones plan which left me underinsured for 2 1/2 years until the ACA's exchanges began in 2014. Premiums dropp...
by scrabbler1
Mon Dec 03, 2018 12:05 am
Forum: Personal Consumer Issues
Topic: Retired in your late 40s or early 50s?
Replies: 82
Views: 12152

Re: Retired in your late 40s or early 50s?

I retired 10 years ago at age 45 after working 23 years full-time and 7 years part-time. The transition from full-time to part-time was more important because it was at that time I regained control over my personal life. This included resurrecting old hobbies and starting some new ones. But the best...
by scrabbler1
Thu Nov 29, 2018 8:58 am
Forum: Personal Consumer Issues
Topic: How do you spend/kill time online?
Replies: 21
Views: 2648

Re: How do you spend/kill time online?

If I am all caught up with my regularly visited websites, I sometimes visit Bridge Base Online and play a bunch of solitaire bridge hands against 3 robot opponents. I actually found 2 versions of this, probably not from the same source. One has a nice feature where if you are going to be the dummy i...
by scrabbler1
Tue Nov 27, 2018 8:46 am
Forum: Personal Finance (Not Investing)
Topic: List of costs that go away/decrease and increase/appear in retirement
Replies: 69
Views: 5770

Re: List of costs that go away/decrease and increase/appear in retirement

When I was putting together my early retirement plan 10 years ago, I looked at my pre-retirement expenses and made the following adjustments: (1) I eliminated FICA taxes and commutation expenses. (2) I increased my health insurance expenses (this was before the ACA). The above items roughly offset e...
by scrabbler1
Mon Nov 26, 2018 6:15 pm
Forum: Personal Finance (Not Investing)
Topic: How Long / Hard To Become a Millionaire on Under $100k Income
Replies: 133
Views: 12295

Re: How Long / Hard To Become a Millionaire on Under $100k Income

I worked for 23 years, the first 16 of them full-time before reducing my hours to part-time for the last 7 years ending in 2008. My highest salary, at the end of Year 16, was $78k. Counting home equity (a paid-off studio co-op apartment valued at about $100k), I hit $1M at age 43, my 5th year workin...
by scrabbler1
Wed Nov 21, 2018 8:45 am
Forum: Investing - Help with Personal Investments
Topic: Current Retirees: Do you touch your principal?
Replies: 79
Views: 8228

Re: Current Retirees: Do you touch your principal?

No. My early retirement plan included being able to live off monthly and quarterly dividend payments. If anything, I have had some excess dividends over the years I have been able to reinvest somewhere. I am 55 now and this has been going on for the last 10 years. So you retired at 45. what have yo...
by scrabbler1
Tue Nov 20, 2018 7:53 am
Forum: Investing - Help with Personal Investments
Topic: Current Retirees: Do you touch your principal?
Replies: 79
Views: 8228

Re: Current Retirees: Do you touch your principal?

If you don't (or do not plan to) spend the principal ever, why bother to have saved so much in the first place? The principal is what generates the dividends, monthly and quarterly. If I spend down the principal too much, the dividends will drop, too. Some of my principal is tucked away in a second...
by scrabbler1
Mon Nov 19, 2018 9:24 pm
Forum: Investing - Help with Personal Investments
Topic: Current Retirees: Do you touch your principal?
Replies: 79
Views: 8228

Re: Current Retirees: Do you touch your principal?

No. My early retirement plan included being able to live off monthly and quarterly dividend payments. If anything, I have had some excess dividends over the years I have been able to reinvest somewhere. I am 55 now and this has been going on for the last 10 years. Basically the duration of the bull...
by scrabbler1
Sun Nov 18, 2018 8:00 pm
Forum: Investing - Help with Personal Investments
Topic: Current Retirees: Do you touch your principal?
Replies: 79
Views: 8228

Re: Current Retirees: Do you touch your principal?

No. My early retirement plan included being able to live off monthly and quarterly dividend payments. If anything, I have had some excess dividends over the years I have been able to reinvest somewhere. I am 55 now and this has been going on for the last 10 years.
by scrabbler1
Thu Nov 15, 2018 8:52 am
Forum: Investing - Theory, News & General
Topic: Does Early Retirement Make You Live Longer?
Replies: 70
Views: 4471

Re: Does Early Retirement Make You Live Longer?

Longevity is highly correlated with wealth. Wealthy people retire young. People without money work as long as they can. Excellent point. Was the group comparing apples to apples comparison. Another way to look at it is folks who are more ill are likley to keep working longer to keep health insuranc...
by scrabbler1
Sun Nov 11, 2018 8:08 pm
Forum: Personal Finance (Not Investing)
Topic: Doing taxes by hand
Replies: 83
Views: 4959

Re: Doing taxes by hand

For me it is always download forms from the IRS website, make an excel spreadsheet with all the "important" lines I will be using, doing the calls, opening the editable pdf files, printing, signing, and mailing. The only time a writing instrument hits paper is for the signature. I print the forms i...
by scrabbler1
Thu Nov 08, 2018 8:06 am
Forum: Investing - Theory, News & General
Topic: year-end capital gains distributions
Replies: 6
Views: 861

Re: year-end capital gains distributions

I thought it would be on the fund research or info page but didn't think to Google it! I found it for Fidelity (which is what I was looking for). https://www.fidelity.com/mutual-funds/information/year-end Note that the Fidelity page only shows expected capital gains distributions even though it is ...
by scrabbler1
Tue Nov 06, 2018 5:23 pm
Forum: Personal Consumer Issues
Topic: Paper or Paperless? How and what financial records do you keep?
Replies: 50
Views: 3685

Re: Paper or Paperless? How and what financial records do you keep?

For routine stuff such as monthly utility bills and local bank records/transactions, I keep the last full calendar year plus the year in progress. That means right now I have all of 2017 plus the 2018 year. In 2 months, I will get rid of 2017 as 2018 becomes the complete year. Any special stuff such...
by scrabbler1
Mon Nov 05, 2018 9:09 pm
Forum: Investing - Theory, News & General
Topic: Anyone ever “borrow” against their emergency fund?
Replies: 23
Views: 2524

Re: Anyone ever “borrow” against their emergency fund?

Dourobound, I would broaden your question to borrowing against your EF for non-emergency purposes, not just to invest elsewhere. For that, I sometimes do pull money from one of my second-tier (not first-tier) EFs for a non-emergency purpose, with a plan to replenish the EF soon, from a large cap gai...
by scrabbler1
Fri Nov 02, 2018 10:05 am
Forum: Investing - Theory, News & General
Topic: What does your gut tell you; RMD now or in December?
Replies: 38
Views: 2245

Re: What does your gut tell you; RMD now or in December?

Don't take your RMD late in the year--if you die then your beneficiary has to scramble to take the RMD in a very small window. As you age simplicity and reducing complexity are more important than maximizing returns in my view. True but toward the end of the year makes it easier to use the RMD to m...
by scrabbler1
Fri Nov 02, 2018 9:57 am
Forum: Personal Finance (Not Investing)
Topic: final January estimated quarterly tax payment- can it be paid in April with return?
Replies: 7
Views: 740

Re: final January estimated quarterly tax payment- can it be paid in April with return?

I've made my first 3 estimated tax payments for 2018. I have a big sec 179 tax deduction which I am sure will make my final January estimated payment unnecessary. Can I skip it? I read somewhere here that there is no penalty for missing the January estimated federal payment if you pay due taxes in ...
by scrabbler1
Wed Oct 31, 2018 12:36 pm
Forum: Personal Finance (Not Investing)
Topic: Falling off the ACA subsidy cliff
Replies: 62
Views: 5059

Re: Falling off the ACA subsidy cliff

I went over the cliff last year, costing me a fairly small subsidy of $400. I just learned the other day that I will be going over the cliff again this year, and it will cost me a subsidy of nearly $1,000. Both years it's an unusually large cap gain distribution in a stock fund which has a large, un...
by scrabbler1
Mon Oct 29, 2018 9:30 pm
Forum: Personal Finance (Not Investing)
Topic: NUA, (Net Unrealized Appreciation), tax forms
Replies: 16
Views: 1201

Re: NUA, (Net Unrealized Appreciation), tax forms

I got 2 1099-Rs. One was for only the Rollover part of pre-tax contributions, company match, and all earnings on pretax and after-tax contributions. Box 1, Distribution Code G. Non-taxable event. The other had everything else, from the company stock's cost basis (Box 2a), stock's NUA (Box 6), and af...
by scrabbler1
Sun Oct 28, 2018 11:02 pm
Forum: Personal Finance (Not Investing)
Topic: NUA, (Net Unrealized Appreciation), tax forms
Replies: 16
Views: 1201

Re: NUA, (Net Unrealized Appreciation), tax forms

As having gone through this process myself 10 years ago, the only thing I can add to Alan S.'s otherwise fine description is that if you are subject to the early withdrawal tax penalty (i.e. below a certain age), you will have to pay a 10% tax penalty but ONLY on the cost basis, not the NUA portion....
by scrabbler1
Wed Oct 17, 2018 11:40 am
Forum: Personal Consumer Issues
Topic: Jury duty - already booked vacation
Replies: 51
Views: 5558

Re: Jury duty - already booked vacation

Back in the 1980s, I was called for JD and the week conflicted with an actuarial exam I was already signed up for. I wrote back asking for a postponement. It was granted. Six months later, they called me again and it would have conflicted with the actuarial exams again. But lucky for them (and me?) ...
by scrabbler1
Wed Oct 17, 2018 9:19 am
Forum: Investing - Theory, News & General
Topic: What tools do you use to track your finances?
Replies: 50
Views: 3959

Re: What tools do you use to track your finances?

Spreadsheetguy, I have several spreadsheets I created to keep track of everything. They aren't linked together although some of them perform multiple functions. One spreadsheet is my checkbook register where I log each checkbook transaction involving my local bank's checking account. But linked to t...
by scrabbler1
Wed Oct 17, 2018 9:05 am
Forum: Personal Finance (Not Investing)
Topic: Did you retire because you hit your number?
Replies: 71
Views: 6633

Re: Did you retire because you hit your number?

The short answer is "yes." The pieces of my early retirement puzzle were rapidly coming together in 2008. Hitting my money "number" was not quite the last piece but it was very nearly so. The last piece fell into place within the next 3 months, so I was able to give my notice and left a month later....
by scrabbler1
Sat Oct 13, 2018 9:38 am
Forum: Personal Consumer Issues
Topic: Anyone here major in Economics in college?
Replies: 68
Views: 4027

Re: Anyone here major in Economics in college?

Just one thought/observation from my years in business (not in finance, but worked closely with them): accounting is super important. If she could major in economics, maybe minor in accounting (even better, get CPA) I think she could write her ticket. Economics (my view) is pretty theoretical/conce...
by scrabbler1
Fri Oct 12, 2018 6:06 am
Forum: Personal Consumer Issues
Topic: Anyone here major in Economics in college?
Replies: 68
Views: 4027

Re: Anyone here major in Economics in college?

I majored in Economics at NYU back in the 1980s. How I got there was anything but a direct route, though. I began my time at NYU as a Comp Sci major in the Arts and Sciences school before switching to NYU's business school in my second year, keeping my major (Computer Applications). But in my third ...
by scrabbler1
Wed Oct 10, 2018 7:51 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity Private Client Group: New Advisor
Replies: 17
Views: 1777

Re: Fidelity Private Client Group: New Advisor

I am in Fidelity's Private Client Group and have had an (no fee) Account Executive for the last ~10 years. My AE has changed several times in those years, especially early on. In 2008, I had one AE who was helpful in setting up Fido's RIP program to give me the green light toward being able to retir...
by scrabbler1
Sun Oct 07, 2018 8:44 pm
Forum: Personal Finance (Not Investing)
Topic: Uninsured Motorist Bodily Injury: Auto Insurance
Replies: 3
Views: 388

Re: Uninsured Motorist Bodily Injury: Auto Insurance

I worked in the actuarial field for 23 years, specializing in personal auto insurance. (I was not a Boglehead member back in 2008, so I never posted any comments on that topic.) I can tell you that you are allowed to buy UM limits lower than your BI limits even if you are required to buy UM(BI). Som...
by scrabbler1
Sun Oct 07, 2018 12:53 pm
Forum: Personal Finance (Not Investing)
Topic: apply for cc with frozen credit
Replies: 10
Views: 1155

Re: apply for cc with frozen credit

I have my credit reports frozen at all 3 agencies. A few years ago, I asked to increase my CC limit on my main card. The bank told me which agency they used, so when I got back home (I was at the bank already), I dug out the letter with the PIN and called the credit department who three-wayed me int...
by scrabbler1
Sun Oct 07, 2018 11:15 am
Forum: Investing - Help with Personal Investments
Topic: Should I keep Intermediate Term Tax Exempt Fund?
Replies: 15
Views: 2050

Re: Should I keep Intermediate Term Tax Exempt Fund?

When I was still working and in a higher tax bracket, I kept a larger share of my portfolio in tax-exempt bond funds including an intermediate-term tax-exempt fund. But after I retired and saw my income fall into the lower tax brackets, I greatly reduced my holdings in tax-exempt bond funds (it's do...
by scrabbler1
Mon Oct 01, 2018 11:04 am
Forum: Personal Finance (Not Investing)
Topic: Suze Orman - "I hate the FIRE movement."
Replies: 75
Views: 9667

Re: Suze Orman - "I hate the FIRE movement."

With all due respect, I don't give a damn what Orman says, writes or believes. +1 +2. I have lost a lot of respect for Orman over the years (not that I had much for her to begin with). I am 55 and have been retired for the last 10 years. I also like bond funds a lot, something else she opposes, and...
by scrabbler1
Fri Sep 28, 2018 1:37 pm
Forum: Personal Consumer Issues
Topic: Unexpected calls from my cell phone
Replies: 18
Views: 1467

Re: Unexpected calls from my cell phone

I haven't gotten any calls from irate strangers claiming I had called them when instead it was some spammer spoofing my number. It wouldn't surprise me if it happens one day, though. I get lots of neighbor spoofing on my cell phone, at least 40 different fake numbers starting with my area code and e...
by scrabbler1
Fri Sep 21, 2018 8:45 am
Forum: Personal Finance (Not Investing)
Topic: General 2018 Tax Question
Replies: 33
Views: 3778

Re: General 2018 Tax Question

Our tax calculation isn't complicated using only Sch.A , D, Qual.Div. & CG Wrksht., SS Ben. Wrksht. , & the applicable tax rate tables for the tax year ; the new Form 1040 along with the 6 schedules just struck me as tax data organization and not a new calculation methodology - I assumed I could us...
by scrabbler1
Thu Sep 20, 2018 5:20 pm
Forum: Personal Consumer Issues
Topic: Did you really have something to retire to?
Replies: 133
Views: 11875

Re: Did you really have something to retire to?

When I retired 10 years ago at age 45, I can't say I retired to anything. But when I semi-retired 7 years before that (i.e. switched from working FT t PT), I knew at the time I would do 2 things I had not been able to do before. One was some volunteer work and the other was resurrecting a hobby I ha...
by scrabbler1
Fri Sep 14, 2018 8:46 am
Forum: Investing - Help with Personal Investments
Topic: What can you homegrown financial management spreadsheet do?
Replies: 21
Views: 1369

Re: What can you homegrown financial management spreadsheet do?

I have several spreadsheets. Some are for individual mutual funds which include each transaction the way a checkbook register would. Others are summary spreadsheets which show totals of fund values. I have a spreadsheet which is a checkbook register and does some other related things. And I have a r...
by scrabbler1
Thu Sep 06, 2018 1:56 pm
Forum: Personal Finance (Not Investing)
Topic: How to Retire in Your 30's with $1 Million in the Bank
Replies: 148
Views: 18924

Re: How to Retire in Your 30's with $1 Million in the Bank

As others have already pointed out, the guy is simply a stay-at-home dad whose wife works. He ain't retired in my book. If his wife were a stay-at-home mom while he worked, would we consider her retired? No way.
by scrabbler1
Thu Sep 06, 2018 1:36 pm
Forum: Personal Finance (Not Investing)
Topic: How do you handle Healthcare costs in retirement
Replies: 31
Views: 2717

Re: How do you handle Healthcare costs in retirement

I'm curious on how others on this board are handling healthcare costs in retirement. Specifically two questions; (1) For those on Medicare, do you find you need supplemental insurance and is it expensive ? (2) For those retiring earlier than 65 , not on medicare but possibly enrolling in ACA, do yo...
by scrabbler1
Thu Sep 06, 2018 1:31 pm
Forum: Personal Consumer Issues
Topic: Phone Calls from Windows saying computer has Malware
Replies: 40
Views: 2223

Re: Phone Calls from Windows saying computer has Malware

I recommend and use the free Nomorobo service (if your phone company supports it) which significantly cuts down on junk calls. https://www.nomorobo.com/ I have had nomorobo since late 2016. It initially blocked about 80% of the junk calls, then slumped down to around 50%. It has risen again thanks ...
by scrabbler1
Thu Sep 06, 2018 7:57 am
Forum: Personal Finance (Not Investing)
Topic: Credit Score [What changes your credit score?]
Replies: 42
Views: 3566

Re: Credit Score

I have been getting FICO scores monthly for the last few years through my local bank. I haven't had a mortgage in 20 years and pay my CC every month in full. I don't charge much, maybe $300 per month. But if that happens to spike all the way up to (GASP!) $700 in a month, my FICO Score drops from it...
by scrabbler1
Sat Sep 01, 2018 4:49 pm
Forum: Investing - Help with Personal Investments
Topic: So who's rebalancing stocks to bonds right now?
Replies: 38
Views: 4724

Re: So who's rebalancing stocks to bonds right now?

I already have. A couple of times over the past few years. I'm 50/50, and when I get around 55/45, I rebalance back to 50/50 Rebalancing stocks to bonds is easy. That's taking won money off the table. My problem is rebalancing bonds to stocks during a crash. THAT takes discipline, and in retirement...
by scrabbler1
Fri Aug 24, 2018 4:51 pm
Forum: Personal Finance (Not Investing)
Topic: I still use cash not credit cards should I reconsider?
Replies: 102
Views: 7961

Re: I still use cash not credit cards should I reconsider?

I'm aware there are a lot of cc threads but I was just curious if anyone has transitioned from using mostly cash to mostly cc's. I have moved in this direction the last few years, after I got a cash-back CC from the bank I have my checking account and recently acquired online banking privileges thr...
by scrabbler1
Tue Aug 21, 2018 11:54 am
Forum: Investing - Help with Personal Investments
Topic: Estimated Tax on Large Capital Gain
Replies: 44
Views: 3860

Re: Estimated Tax on Large Capital Gain

Thank you all. I have update the W4 to have 0 allowance (line 5) and addl. amount $1000 on line 6. I am not sure what the 0 allowance means, I hope to find out soon if this exceeds my paycheck amount or not. Also, as requested by earlier poster, is there something like W4 update needed for the Stat...
by scrabbler1
Tue Aug 21, 2018 10:16 am
Forum: Investing - Help with Personal Investments
Topic: 401K rollover time allowed
Replies: 13
Views: 857

Re: 401K rollover time allowed

Wife and I plan to move her 401K this year as follows: Vanguard Index Funds to Vanguard, Schwab, or Fidelity. Uncertain who we will use Company stock (in kind) to a brokerage account How much time should we allow for this to complete. If we want it to occur in 2018 tax year....how much time should ...
by scrabbler1
Tue Aug 21, 2018 9:09 am
Forum: Investing - Help with Personal Investments
Topic: 401K rollover time allowed
Replies: 13
Views: 857

Re: 401K rollover time allowed

Wife and I plan to move her 401K this year as follows: Vanguard Index Funds to Vanguard, Schwab, or Fidelity. Uncertain who we will use Company stock (in kind) to a brokerage account How much time should we allow for this to complete. If we want it to occur in 2018 tax year....how much time should ...
by scrabbler1
Thu Aug 16, 2018 6:45 pm
Forum: Personal Finance (Not Investing)
Topic: Using ACA for early retirement years
Replies: 103
Views: 7569

Re: Using ACA for early retirement years

I retired nearly 10 years ago at age 45. This was before the ACA, of course. I found an affordable individual plan for 2009 but that soon went awry when its premium jumped 50% in 2 years, putting a strain on my budget. By mid-2011, after the ACA had been passed but 2 1/2 years before the exchanges ...
by scrabbler1
Thu Aug 16, 2018 5:33 pm
Forum: Personal Finance (Not Investing)
Topic: Using ACA for early retirement years
Replies: 103
Views: 7569

Re: Using ACA for early retirement years

I retired nearly 10 years ago at age 45. This was before the ACA, of course. I found an affordable individual plan for 2009 but that soon went awry when its premium jumped 50% in 2 years, putting a strain on my budget. By mid-2011, after the ACA had been passed but 2 1/2 years before the exchanges ...
by scrabbler1
Thu Aug 16, 2018 5:13 pm
Forum: Personal Finance (Not Investing)
Topic: Using ACA for early retirement years
Replies: 103
Views: 7569

Re: Using ACA for early retirement years

I retired nearly 10 years ago at age 45. This was before the ACA, of course. I found an affordable individual plan for 2009 but that soon went awry when its premium jumped 50% in 2 years, putting a strain on my budget. By mid-2011, after the ACA had been passed but 2 1/2 years before the exchanges c...
by scrabbler1
Thu Aug 16, 2018 6:11 am
Forum: Personal Finance (Not Investing)
Topic: What do you do with your interest from your ER fund?
Replies: 10
Views: 1092

Re: What do you do with your interest from your ER fund?

Just curious what people do with the interest that accumulates in their emergency fund and why? Do you leave it in the ER fund to make it slowly grow in size, invest it in taxable like I do, or something else? My second-tier EF is an intermediate-term muni bond fund which generates about $85 per mo...
by scrabbler1
Mon Aug 13, 2018 2:31 pm
Forum: Personal Consumer Issues
Topic: Uninsured Motorist coverage
Replies: 30
Views: 1996

Re: Uninsured Motorist coverage

JBTX and Smackboy have done a good job of explaining how auto insurance works. Also be aware that coverages can vary greatly from state to state. Some states offer PIP, some offer med, some offer both, etc. Also, in a few states, a liability umbrella can include uninsured motorist coverage but that...