Search found 2398 matches

by scrabbler1
Fri Sep 13, 2019 12:14 pm
Forum: Personal Consumer Issues
Topic: Has anyone seen the documentary "Playing with FIRE?"
Replies: 216
Views: 19052

Re: Has anyone seen the documentary "Playing with FIRE?"

I haven't seen the documentary, but I just finished reading the book. And, as someone who is already FIREd for the last 11 years (at 45), I found some of what I read rather odd, if not confusing. (1) I chuckled at the part where Scott and Taylor visit some relatives in Iowa and Scott was telling the...
by scrabbler1
Fri Sep 13, 2019 8:00 am
Forum: Personal Finance (Not Investing)
Topic: How many years for each $250k of net worth?
Replies: 36
Views: 5928

Re: How many years for each $250k of net worth?

There is no one size fits all answer... there cant be. It depends on: * How much you earn * how much your earnings increase (decrease) over time * how much your living expenses are * how much living expenses change over time * How you invest * market returns * sequence of returns * Major life alter...
by scrabbler1
Mon Sep 09, 2019 12:30 pm
Forum: Personal Consumer Issues
Topic: Retirees: Ever feel really lazy?
Replies: 42
Views: 5187

Re: Retirees: Ever feel really lazy?

I have always been a bit on the lazy side. Not when I was working, though. I was probably lazier at home during my working years because I had less time to get stuff done, and I was home less to see the consequences of being lazy. I have been retired for 11 years. When I need to get something done, ...
by scrabbler1
Sat Aug 31, 2019 10:18 am
Forum: Personal Consumer Issues
Topic: Do I need Uninsured Motorist Bodily Injury if I have health insurance?
Replies: 53
Views: 2908

Re: Do I need Uninsured Motorist Bodily Injury if I have health insurance?

I worked for 23 years in the actuarial field, specializing in personal auto insurance. Uninsured Motorists (UM) covers you, as miamivice pointed out, for claims against another driver when that other (at-fault) driver had no insurance (UIM works when the other driver, the at-fault one, has some ins...
by scrabbler1
Wed Aug 28, 2019 8:17 pm
Forum: Personal Consumer Issues
Topic: Laser or inkjet
Replies: 58
Views: 3076

Re: Laser or inkjet

Add me to the laser printer brigade. I had an inkjet for several years but grew tired of replacing or refilling the ink cartridges all the time. The printing was fairly slow and not always great quality. When I switched to a laser in 2010, the b&w laser price had come down a lot from the late 1990s ...
by scrabbler1
Wed Aug 28, 2019 8:02 pm
Forum: Personal Consumer Issues
Topic: Do I need Uninsured Motorist Bodily Injury if I have health insurance?
Replies: 53
Views: 2908

Re: Do I need Uninsured Motorist Bodily Injury if I have health insurance?

I worked for 23 years in the actuarial field, specializing in personal auto insurance. Uninsured Motorists (UM) covers you, as miamivice pointed out, for claims against another driver when that other (at-fault) driver had no insurance (UIM works when the other driver, the at-fault one, has some insu...
by scrabbler1
Wed Aug 28, 2019 7:44 pm
Forum: Personal Finance (Not Investing)
Topic: [Have to keep job just for health insurance. Any ideas on insurance replacement?]
Replies: 20
Views: 1481

Re: Really?? My FIRE comes down to heath insurance?? Depressing!

I retired 11 years ago at age 45, 5 years before the ACA became enacted and fully into effect. I had to carefully budget in those years before 2014 when I was buying my own HI. Premiums rose more quickly than I anticipated (50% over a 2-year span, at one point), so I switched to a bare-bones policy ...
by scrabbler1
Tue Aug 27, 2019 10:18 am
Forum: Personal Consumer Issues
Topic: Reviewing auto insurance. Dropping comprehensive and collision. What else?
Replies: 42
Views: 2716

Re: Reviewing auto insurance. Dropping comprehensive and collision. What else?

Cruiser, I assume when you write "Underinsured Motorists," you are referring to Uninsured and Underinsured Motorists sold together but labeled as UIM. In many states, they are sold together but in some states they are sold separately. You are correct. And in response to the other posts about underi...
by scrabbler1
Tue Aug 27, 2019 8:34 am
Forum: Personal Consumer Issues
Topic: Reviewing auto insurance. Dropping comprehensive and collision. What else?
Replies: 42
Views: 2716

Re: Reviewing auto insurance. Dropping comprehensive and collision. What else?

Thank you for all the helpful feedback, much appreciated. I called my insurance agent today to discuss, and when I brought up my car's value vs. the deductible and what the insurance would value my car at, they were less than helpful [as expected]. Here are the changes I am likely going to make: In...
by scrabbler1
Tue Aug 27, 2019 8:32 am
Forum: Personal Consumer Issues
Topic: Reviewing auto insurance. Dropping comprehensive and collision. What else?
Replies: 42
Views: 2716

Re: Reviewing auto insurance. Dropping comprehensive and collision. What else?

Thank you for all the helpful feedback, much appreciated. I called my insurance agent today to discuss, and when I brought up my car's value vs. the deductible and what the insurance would value my car at, they were less than helpful [as expected]. Here are the changes I am likely going to make: In...
by scrabbler1
Mon Aug 26, 2019 1:33 pm
Forum: Personal Investments
Topic: Emergency Fund - Short Term Bond Funds or Money Market Funds?
Replies: 29
Views: 2702

Re: Emergency Fund - Short Term Bond Funds or Money Market Funds?

I should add that the intermediate-term muni bond fund I use as a second-tier emergency fund has checkwriting privileges to make the money in it more accessible, instead of having to wait until I move some of it into my local bank's checking account. I doubt very much I would ever need $5,000 in cas...
by scrabbler1
Mon Aug 26, 2019 9:10 am
Forum: Personal Investments
Topic: Emergency Fund - Short Term Bond Funds or Money Market Funds?
Replies: 29
Views: 2702

Re: Emergency Fund - Short Term Bond Funds or Money Market Funds?

For many years, I have been using an intermediate-term muni bond fund as my main emergency fund. I am willing to risk a fairly small loss in its value if I have to sell shares while the price is down in order to have it generate a 2-2.5% annual, mostly tax-free return. I have averaged about 1 redemp...
by scrabbler1
Mon Aug 26, 2019 8:56 am
Forum: Personal Consumer Issues
Topic: Reviewing auto insurance. Dropping comprehensive and collision. What else?
Replies: 42
Views: 2716

Re: Reviewing auto insurance. Dropping comprehensive and collision. What else?

I would consider dropping Collision but keeping Comprehensive. Comp, especially with Full Coverage Glass, covers you for unusual events which don't really depend on the car being involved in an accident or even in motion, such as a damaged windshield. On my previous car, I dropped collision after 12...
by scrabbler1
Wed Aug 21, 2019 11:43 pm
Forum: Personal Finance (Not Investing)
Topic: Anybody else enjoy sitting around and doing little in retirement?
Replies: 70
Views: 8064

Re: Anybody else enjoy sitting around and doing little in retirement?

I'll be retiring fully soon, but have been semi retired for a year now and do very little in terms of outside activities. I'm doing better at keeping active enough to get healthier and go out to eat once a week with my DW, but otherwise I'm not really retiring TO anything. I watch a lot of TV, Yout...
by scrabbler1
Tue Aug 20, 2019 7:25 am
Forum: Personal Finance (Not Investing)
Topic: Anyone retire in their 30s?
Replies: 108
Views: 13676

Re: Anyone retire in their 30s?

You could just hate management. Careers give us something to do; a purpose in life. Being jobless is not fun; you need a reason to wake up in the morning. I totally disagree. I am 56 and have been retired for 11 years and have liked every day of it. Being voluntarily jobless is much more fun than w...
by scrabbler1
Sun Aug 18, 2019 9:26 am
Forum: Personal Finance (Not Investing)
Topic: Anyone retire in their 30s?
Replies: 108
Views: 13676

Re: Anyone retire in their 30s?

I semi-retired in my 30s (38) and fully retired 7 years later, at 45. That was 11 years ago, and it has ben great being retired for the last 11 years. :happy
by scrabbler1
Sat Aug 03, 2019 11:54 pm
Forum: Personal Finance (Not Investing)
Topic: For long time retirees, do you use a spreadsheet?
Replies: 37
Views: 2660

Re: For long time retirees, do you use a spreadsheet?

I have several spreadsheets relating to my finances. Some of them include detailed data for each mutual fund I own, tracking every transaction I have made with them. Other spreadsheets look at the bigger picture, showing total balances by month (or by quarter). Another spreadsheet looks at my projec...
by scrabbler1
Sat Aug 03, 2019 11:37 am
Forum: Personal Consumer Issues
Topic: Long Island NY housing
Replies: 55
Views: 4333

Re: Long Island NY housing

If you plan to live on LI and commute via LIRR to Brooklyn or Manhattan, I would advise you to live walking distance from the LIRR station. I live in Lynbrook and have lived walking distance from LIRR stations (Lynbrook and Valley Stream, 2 western Nassau, south shore communities) for the last 32 ye...
by scrabbler1
Wed Jul 31, 2019 6:49 pm
Forum: Personal Finance (Not Investing)
Topic: What two or three financial things to do to wind up wealthy regardless if you make numerous other financial mistakes?
Replies: 85
Views: 9076

Re: What two or three financial things to do to wind up wealthy regardless if you make numerous other financial mistakes

I am a little curious as to why there are so many replies which include "find the right spouse." I am 56, never married, with no plans to do so ever. I think being single has made it easier to become wealthy because I don't have to worry about supporting someone else or rely on that person's abilit...
by scrabbler1
Wed Jul 31, 2019 12:23 pm
Forum: Personal Finance (Not Investing)
Topic: Early retirees - what's your spending like?
Replies: 36
Views: 4182

Re: Early retirees - what's your spending like?

I'm curious for early retirees, how many X expenses did you have when you decided to call it quits? And what's your annual spending like (how many X) and how much does it fluctuate? I retired 11 years ago at age 45. Looking at some multiple of expenses was not a useful calculation for my situation ...
by scrabbler1
Wed Jul 31, 2019 6:33 am
Forum: Personal Finance (Not Investing)
Topic: What two or three financial things to do to wind up wealthy regardless if you make numerous other financial mistakes?
Replies: 85
Views: 9076

Re: What two or three financial things to do to wind up wealthy regardless if you make numerous other financial mistakes

I am a little curious as to why there are so many replies which include "find the right spouse." I am 56, never married, with no plans to do so ever. I think being single has made it easier to become wealthy because I don't have to worry about supporting someone else or rely on that person's abilit...
by scrabbler1
Mon Jul 29, 2019 8:16 pm
Forum: Personal Finance (Not Investing)
Topic: What two or three financial things to do to wind up wealthy regardless if you make numerous other financial mistakes?
Replies: 85
Views: 9076

Re: What two or three financial things to do to wind up wealthy regardless if you make numerous other financial mistakes

I am a little curious as to why there are so many replies which include "find the right spouse." I am 56, never married, with no plans to do so ever. I think being single has made it easier to become wealthy because I don't have to worry about supporting someone else or rely on that person's ability...
by scrabbler1
Sat Jul 27, 2019 9:21 pm
Forum: Personal Investments
Topic: Retire with Less Than $1 million?
Replies: 101
Views: 21062

Re: Retire with Less Than $1 million?

I retired in late 2008 (when the markets were crashing) at age 45 with about $850k. Only $600k of it was in a taxable account, so that is what I have been living off the whole time, and living just fine with expenses in the $23k-$27k range. The rest is in an IRA, and it, along with SS and my frozen ...
by scrabbler1
Fri Jul 26, 2019 11:10 pm
Forum: Personal Investments
Topic: Withdrawals During Retirement - Yearly, Quarterly, Monthly?
Replies: 51
Views: 7199

Re: Withdrawals During Retirement - Yearly, Quarterly, Monthly?

As an early retiree (age 56), and one not old enough to have unfettered access to my IRA, I take my withdrawals in the form of monthly and quarterly dividends from my bond and stock mutual funds within my taxable account.
by scrabbler1
Mon Jul 22, 2019 11:10 pm
Forum: Personal Finance (Not Investing)
Topic: What two or three financial things to do to wind up wealthy regardless if you make numerous other financial mistakes?
Replies: 85
Views: 9076

Re: What two or three financial things to do to wind up wealthy regardless if you make numerous other financial mistakes

Be childfree. It is a huge reason as to why I was able to retire 11 years ago at age 45. I can live comfortably on less than $30k a year.
by scrabbler1
Sat Jul 20, 2019 6:49 am
Forum: Personal Finance (Not Investing)
Topic: Stacked limits of unisured motorist coverage
Replies: 5
Views: 435

Re: Stacked limits of unisured motorist coverage

Posted this and began research. My conclusion: if more than 1 car on your policy (and your state allows it) I would "stack" the coverage. My understanding is the number of cars on your policy becomes a multiplier for your coverage total. eg - with 3 cars on the same policy and 100/300 coverage per ...
by scrabbler1
Thu Jul 18, 2019 1:26 pm
Forum: Personal Investments
Topic: Reinvesting Dividends or no
Replies: 41
Views: 4981

Re: Reinvesting Dividends or no

And the non-reinvested dividends (mostly from individual stocks) in his taxable account are used to make his annual Roth IRA contribution, again preventing him from having to sell anything which could trigger a cap gain or loss of any type. I thought the investing in Roth was for earned income? I k...
by scrabbler1
Thu Jul 18, 2019 6:05 am
Forum: Personal Investments
Topic: Reinvesting Dividends or no
Replies: 41
Views: 4981

Re: Reinvesting Dividends or no

I've done different things with dividends and cap gain distributions over the years, depending on my financial situation and purpose of the dividends. Back in my accumulation years, I reinvested everything, but sometimes I reinvested into a different fund I had just opened and was trying to build it...
by scrabbler1
Wed Jul 17, 2019 9:28 am
Forum: Personal Finance (Not Investing)
Topic: Help Responding to the IRS
Replies: 19
Views: 2451

Re: Help Responding to the IRS

The few times any of my friends have received form letters from the IRS stating that there was a discrepancy in a tax return, our best response was always to file an amended return (Form 1040X). They are not necessarily the easiest things to complete, but they do get the IRS's attention better than ...
by scrabbler1
Sat Jul 06, 2019 8:59 am
Forum: Personal Consumer Issues
Topic: No more print Mad magazine
Replies: 31
Views: 2261

Re: No more print Mad magazine

I was a big fan of Spy vs. Spy. I remember buying a book or two with lots of those cartoon strips. At my dad's house I know there are several of the MAD Magazines from my childhood back in the 1970s. I kept them and would reread some of them when I got a little older and could understand more of the...
by scrabbler1
Thu Jul 04, 2019 8:00 am
Forum: Personal Investments
Topic: For anyone who retired early
Replies: 13
Views: 1648

Re: For anyone who retired early

Half of my 401k contained company stock, so when I retired 10.5 years ago at age 45, I was able to cash that portion out using NUA to gain favorable tax treatment so I could combine (most of) it with my existing taxable account while rolling into an IRA the rest of it. I live off the dividends from ...
by scrabbler1
Wed Jul 03, 2019 4:15 pm
Forum: Investing - Theory, News & General
Topic: Retired: Do you withdraw from investments or cash ?
Replies: 68
Views: 8132

Re: Retired: Do you withdraw from investments or cash ?

I use monthly and quarterly dividends from my main mutual funds, taken as cash, to pay my expenses. The underlying principal remains intact, if not grows (from excess dividends and cap gain distributions). I keep some cash around to cover the lumpier expenses.
by scrabbler1
Sat Jun 29, 2019 9:38 pm
Forum: Personal Finance (Not Investing)
Topic: Bank closing inactive credit card.
Replies: 15
Views: 1648

Re: Bank closing inactive credit card.

Back in 2009-2010, when the banking system was under stress and credit was tight, I had two credit cards closed for inactivity. I had opened them in the early 1990s and had used them little, if at all, and neither one in more than 10 years. I was relieved they were closed. I was able to shred all th...
by scrabbler1
Thu Jun 27, 2019 12:28 pm
Forum: Personal Consumer Issues
Topic: ergonomic mouse/ keyboard
Replies: 10
Views: 700

Re: ergonomic mouse/ keyboard

I use one of those ergonomic keyboards, as it is much friendlier on my wrists. They cost a little more and are a little tougher to find, but are well worth it. Do any of these "ergonomic" devices have any studies or actual medical evidence to back them up? When my computer failed, for a few days I ...
by scrabbler1
Wed Jun 26, 2019 10:31 pm
Forum: Personal Consumer Issues
Topic: ergonomic mouse/ keyboard
Replies: 10
Views: 700

Re: ergonomic mouse/ keyboard

I use one of those ergonomic keyboards, as it is much friendlier on my wrists. They cost a little more and are a little tougher to find, but are well worth it. When I use my desktop PC, I also use (most of the time) one of those simple wrist/thumb protectors which partly immobilize the wrist and thu...
by scrabbler1
Fri Jun 14, 2019 12:20 pm
Forum: Personal Investments
Topic: Asset allocation for those in their late fifties
Replies: 35
Views: 3917

Re: Asset allocation for those in their late fifties

I am 56 and have been retired for just over 10 years. I use only my taxable account (2/3 of my overall portfolio) to pay my expenses. Taxable is 35/65, while the rollover IRA is 47/53. Overall 41/59.
by scrabbler1
Wed Jun 12, 2019 9:35 pm
Forum: Personal Finance (Not Investing)
Topic: How are your 30s financially different than your late 20s?
Replies: 47
Views: 5921

Re: How are your 30s financially different than your late 20s?

1. Did you find your medical spending increased dramatically in your 30s? Other than increases in my employer-sponsored HI premiums, only my dental OOP costs rose. 2. Did you find yourself spending more on your children as they got older? I am childfree, so my spending on kids was zero the whole tim...
by scrabbler1
Mon Jun 10, 2019 8:26 pm
Forum: Personal Consumer Issues
Topic: Travel Advice driving through NYC to Long Island
Replies: 19
Views: 1550

Re: Travel Advice driving through NYC to Long Island

I'm planning on driving from Syracuse, NY to Hauppauge, NY. Would anyone have any route advice? Google Maps says the trip takes 5 hrs and 24 minutes but I'm wondering about reality. I'd be leaving around 6 am on a week day and returning on a Sunday. Is taking the George Washington Bridge and Throg'...
by scrabbler1
Mon Jun 10, 2019 6:02 pm
Forum: Personal Consumer Issues
Topic: Travel Advice driving through NYC to Long Island
Replies: 19
Views: 1550

Re: Travel Advice driving through NYC to Long Island

I live on LI and have driven to and from Albany several times over the years. My route may be a little too complicated for someone unfamiliar with NYC-area roads, but I found it quick and without much traffic. It was also rather scenic. Once you get to the NYS Thruway going south from Albany (I-87),...
by scrabbler1
Sat Jun 08, 2019 1:07 pm
Forum: Personal Investments
Topic: Question about RMDs from inherited IRA
Replies: 23
Views: 1616

Re: Question about RMDs from inherited IRA

I'm not an expert but when my FIL passed away, I think the executor had to arrange for the RMD to be made to the estate to satisfy HIS RMD for the tax year of his death before the IRA was split out and transferred to the beneficiaries. Once the transfer was made, the beneficiaries had to do their o...
by scrabbler1
Sun Jun 02, 2019 4:03 pm
Forum: Personal Finance (Not Investing)
Topic: Required Minimum Distributions
Replies: 61
Views: 5647

Re: Required Minimum Distributions

I wait to December to take my RMD with fed and st taxes withheld. That way money remains invested tax deferred till end of year, no taxes paid till end of year but IRS accepts it as being paid throughout the year being it's withheld. It's easier to determine my tax due when I wait till close to the...
by scrabbler1
Sun Jun 02, 2019 4:00 pm
Forum: Personal Investments
Topic: Do you regret taking a pay cut for quality of life?
Replies: 68
Views: 7971

Re: Do you regret taking a pay cut for quality of life?

Three times I took a pay cut to improve my quality o life. The first two times I simply reduced my weekly hours worked, from full-time to half-time and 6 years later from half-time to one-third time. Eighteen months after that, I retired at 45, eliminating the remainder of my work hours. I have been...
by scrabbler1
Tue May 28, 2019 11:42 am
Forum: Investing - Theory, News & General
Topic: Do you have an allocation more conservative than 50/50 ?? What is it? Why? How Bogleheads are getting it done.
Replies: 135
Views: 12849

Re: Do you have an allocation more conservative than 50/50 ?? What is it? Why?

I have two AAs. One is for my Rollover tIRA and the other is for my taxable portfolio. I am 56 and have been retired for nearly 11 years, so the taxable portfolio generates the income to pay my expenses. I adjust it so it generates the income; whatever AA I end up with is a result of making sure I c...
by scrabbler1
Fri May 24, 2019 12:30 pm
Forum: Personal Consumer Issues
Topic: How Do You Organize Your Flash Drives?
Replies: 39
Views: 2811

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: 15144

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: 15144

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: 15144

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: 15144

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: 15144

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: 15144

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 ...