Search found 2200 matches

by scrabbler1
Fri Sep 21, 2018 8:45 am
Forum: Personal Finance (Not Investing)
Topic: General 2018 Tax Question
Replies: 33
Views: 3565

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: 11150

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: 1244

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: 18165

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: 2592

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: 2088

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: 3402

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: 4569

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: 7767

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: 3531

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: 825

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: 825

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: 7201

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: 7201

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: 7201

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: 1083

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: 1891

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...
by scrabbler1
Sun Aug 12, 2018 1:10 pm
Forum: Personal Consumer Issues
Topic: How often do you check your brokerage accounts
Replies: 77
Views: 5183

Re: How often do you check your brokerage accounts

I check them at the turn of the month when many of my funds pay their monthly dividends. I check them about halfway through the month when I record account balances. I also check them when some funds pay irregular dividend and cap gain distributions a few times per year. If I make an outside purchas...
by scrabbler1
Sun Aug 12, 2018 11:16 am
Forum: Personal Finance (Not Investing)
Topic: Paper checks yes or no?
Replies: 116
Views: 6762

Re: Paper checks yes or no?

Is there still such a thing as a "Certified Check" ? It has been many years since I used one. However, the way it worked was you wrote a personal check and took it to your bank. The banker would verify you had sufficient funds to cover the check, would stamp the check with a bank guarantee, and the...
by scrabbler1
Sat Aug 11, 2018 11:59 am
Forum: Personal Finance (Not Investing)
Topic: Paper checks yes or no?
Replies: 116
Views: 6762

Re: Paper checks yes or no?

I probably only write about 1/4 of the number of checks I used to just a few years ago. There are still some expenses that I cannot pay or am uncomfortable paying online. I feel I have done my community service for the year by finally convincing my mother to stop writing checks at the grocery store...
by scrabbler1
Sat Aug 11, 2018 7:29 am
Forum: Personal Finance (Not Investing)
Topic: Paper checks yes or no?
Replies: 116
Views: 6762

Re: Paper checks yes or no?

I wrote 14 checks in the last 12 months. They were pretty much exclusively for quarterly property taxes and gifts to family/friends. I would like to write no checks, but am not there yet. Wow, we are alike in that I have also written exactly 14 checks in the last 12 months. Most of them are for doc...
by scrabbler1
Sat Aug 11, 2018 7:10 am
Forum: Personal Consumer Issues
Topic: Junk Mail
Replies: 28
Views: 2687

Re: Junk Mail

Much of my junk mail came from a few senders, mostly banks sending me pre-approved credit cards. I would shred papers within junk mail which contained sensitive info such as my name and address, so all of that junk mail over time wore out my shredders, costing me money to buy new ones. A few phone c...
by scrabbler1
Fri Aug 03, 2018 11:15 pm
Forum: Personal Consumer Issues
Topic: most compelling TV character ever
Replies: 260
Views: 25075

Re: most compelling TV character ever

Al Bundy as most compelling Jerry & Cosmo tied for second (Seinfeld) Favorite Al Bundy lines: "Four weddings and a funeral? That's 5 of the same thing!" (gotta think about that one...…) After Peggy told him (as punishment) he could forget about ever having sex with her again: "I already have!"
by scrabbler1
Thu Aug 02, 2018 9:36 pm
Forum: Personal Finance (Not Investing)
Topic: Realities of Early Retirement Model (FIRE)?
Replies: 96
Views: 9893

Re: Realities of Early Retirement Model (FIRE)?

I retired nearly 10 years ago at age 45. I am 55 now and single, no kids. When I was putting together my retirement plan in 2007-08, I split it into 2 parts. The first part was getting from age 45 to age ~60 using only the taxable portion of my portfolio which is about 2/3 of my total portfolio afte...
by scrabbler1
Thu Aug 02, 2018 9:01 pm
Forum: Personal Consumer Issues
Topic: Which diet soda pop do you enjoy?
Replies: 110
Views: 4860

Re: Which diet soda pop do you enjoy?

After I was diagnosed with Type 2 Diabetes 3 years ago, I had to switch to diet sodas. For home use, I buy Dr. Brown's Diet Cream Soda. If the store doesn't sell it, I will buy Mug DCS. When I go out to eat, most restaurants don't sell DCS (except for Ben's Deli). In those instances, I will buy Diet...
by scrabbler1
Thu Aug 02, 2018 9:19 am
Forum: Investing - Help with Personal Investments
Topic: How long have you been retired and how much have you spent on health out of pocket?
Replies: 18
Views: 2066

Re: How long have you been retired and how much have you spent on health out of pocket?

I have been retired for nearly 10 years but am not yet Medicare age. Through 2017, I have spend $52,000 on medical and dental (mostly medical, my teeth are in good shape). One person. I'll spend close to $8,000 this year, mostly on insurance premiums. I qualify for a small ACA subsidy unless I go ov...
by scrabbler1
Wed Aug 01, 2018 9:14 am
Forum: Personal Finance (Not Investing)
Topic: Question to retirees - money or work/life balance?
Replies: 46
Views: 5457

Re: Question to retirees - money or work/life balance?

In the late 1990s, when I hit my peak earnings, I wanted to recover my personal life. The commute was wrecking me and was going to get worse when my company actually relocated slightly further away. I had paid off my mortgage in 1998, so my expenses decreased a lot, enabling me to basically live off...
by scrabbler1
Sat Jul 28, 2018 7:10 am
Forum: Investing - Help with Personal Investments
Topic: Retirees: how much cash?
Replies: 61
Views: 6654

Re: Retirees: how much cash?

I have about one month of expenses in cash in my local bank's checking account. I have a steady inflow of cash coming from bond fund's dividends every month to replenish the cash. For the lumpier expenses, I have quarterly dividends coming from a stock fund. I leave a small buffer, or cushion, in my...
by scrabbler1
Fri Jul 27, 2018 7:56 am
Forum: Personal Finance (Not Investing)
Topic: Preliminary Version of Revised Form 1040 Released by IRS
Replies: 10
Views: 1153

Re: Preliminary Version of Revised Form 1040 Released by IRS

If I make one sale of a mutual fund, I now have to include Form 8949, Schedule D, and now, Schedule 1, just to get that income onto Form 1040. And do the QDLTCG worksheet. Pretty annoying.
by scrabbler1
Fri Jul 20, 2018 4:55 pm
Forum: Personal Consumer Issues
Topic: Telemarketing calls from my own prefix
Replies: 57
Views: 5337

Re: Telemarketing calls from my own prefix

I get a lot of these on my cell phone. I rarely use my cell phone and I have given the number out to maybe 10 people, none of them have my prefix. I do start to recognize the last 4 digits after a while, the most often used one is xxx-xxx-3456. It gets pretty annoying because 90% of my cell phone ca...
by scrabbler1
Thu Jul 19, 2018 10:35 pm
Forum: Personal Consumer Issues
Topic: Fake IRS calls - anybody care?
Replies: 62
Views: 3669

Re: Fake IRS calls - anybody care?

I go to the 800notes.com website to see if there are others who have complained about the number. With the neighbor spoofed numbers, I am usually the first one posting there. But many times, there are others posting about it, sometimes pages and pages of complaints going back a few years. I have had...
by scrabbler1
Wed Jul 18, 2018 12:41 pm
Forum: Personal Finance (Not Investing)
Topic: Early retirement
Replies: 145
Views: 14487

Re: Early retirement

I retired 2 years ago at 47 and my wife last year at 49. We still have side gigs for about 1 week per month so I guess we are really 75% retired. The days go so quick. We look at each other every night and think where did the day go? We are active and workout most days. We spend 30-40% of the year ...
by scrabbler1
Wed Jul 18, 2018 7:15 am
Forum: Personal Finance (Not Investing)
Topic: Early retirement
Replies: 145
Views: 14487

Re: Early retirement

I retired 2 years ago at 47 and my wife last year at 49. We still have side gigs for about 1 week per month so I guess we are really 75% retired. The days go so quick. We look at each other every night and think where did the day go? We are active and workout most days. We spend 30-40% of the year ...
by scrabbler1
Mon Jul 16, 2018 12:47 pm
Forum: Personal Finance (Not Investing)
Topic: Are Credit Cards Actually Convenient?
Replies: 91
Views: 7151

Re: Are Credit Cards Actually Convenient?

I don't use credit cards as often as most people although I have been using them more than I used to starting about 4 or 5 years ago. I don't use it to buy gas because my local gas guy charges a lot more per gallon if you use a CC, so I pay cash. I am also concerned about the added risk at unattende...
by scrabbler1
Sun Jul 15, 2018 8:08 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone not have a Budget?
Replies: 115
Views: 7481

Re: Anyone not have a Budget?

I've never had a budget if the term "budget" implies a limitation on spending because I have always earned more in the aggregate than I have spent. Sometimes, in the short-term, when I have had large, lumpy expenses I might have a minor cash flow issue. But I can figure this out a month or two ahead...
by scrabbler1
Fri Jul 13, 2018 6:56 pm
Forum: Personal Finance (Not Investing)
Topic: Early retirement
Replies: 145
Views: 14487

Re: Early retirement

I retired early. I've had some very interesting interactions with people when they find out I've done so. Some are socially awkward, some rude, some confused and other bizarre reactions. Has anyone else experienced what I have? I retired 10 years ago at age 45. I got some looks of bewilderment and ...
by scrabbler1
Fri Jul 13, 2018 10:19 am
Forum: Personal Finance (Not Investing)
Topic: Would you trade experiences in your youth for early retirement
Replies: 81
Views: 5815

Re: Would you trade experiences in your youth for early retirement

Our goal was to not sacrifice either early or later on. Same here. I had enough money in my younger days to have enough experiences. When I retired 10 years ago at age 45, I wasn't sacrificing any chance to have more experiences, if I want them. And I have had a few. One requirement of my retiring ...
by scrabbler1
Fri Jul 13, 2018 7:53 am
Forum: Personal Finance (Not Investing)
Topic: Credit score after becoming debt free?
Replies: 48
Views: 4032

Re: Credit score after becoming debt free?

I am proud to say that I am now debt free, completely debt free including no mortgage and no debt of any kind. I can't really talk about it with most people for the fear of coming across as bragging and creating resentment, this is about the only place I can talk about it. Here is my question...now...
by scrabbler1
Thu Jul 12, 2018 4:50 pm
Forum: Investing - Help with Personal Investments
Topic: Where do you keep your Emergency Fund?
Replies: 50
Views: 5803

Re: Where do you keep your Emergency Fund?

My first-tier EF is an extra $500 in my local bank's checking account (0% interest) beyond the minimum balance to avoid monthly account fees. It is very liquid and easily accessible to cover small, unforeseen expenses. My second tier EF is $40k in an intermediate-term muni bond fund. It earns about...
by scrabbler1
Thu Jul 12, 2018 3:50 pm
Forum: Personal Finance (Not Investing)
Topic: Question for pre-ACA Early Retirees and pre-ACA solo folks
Replies: 33
Views: 2006

Re: Question for pre-ACA Early Retirees

I retired at the end of 2008 and bought a reasonably priced individual HI plan for 2009. But its premiums rose 20% in 2010 and nearly 25% in 2011; combined that's nearly 50% compared to 2009. In the middle of 2011, after the ACA had already been passed, I dropped the now-expensive policy and switche...
by scrabbler1
Thu Jul 12, 2018 3:36 pm
Forum: Investing - Help with Personal Investments
Topic: Where do you keep your Emergency Fund?
Replies: 50
Views: 5803

Re: Where do you keep your Emergency Fund?

My first-tier EF is an extra $500 in my local bank's checking account (0% interest) beyond the minimum balance to avoid monthly account fees. It is very liquid and easily accessible to cover small, unforeseen expenses. My second tier EF is $40k in an intermediate-term muni bond fund. It earns about...
by scrabbler1
Wed Jul 11, 2018 1:32 pm
Forum: Investing - Help with Personal Investments
Topic: Where do you keep your Emergency Fund?
Replies: 50
Views: 5803

Re: Where do you keep your Emergency Fund?

My first-tier EF is an extra $500 in my local bank's checking account (0% interest) beyond the minimum balance to avoid monthly account fees. It is very liquid and easily accessible to cover small, unforeseen expenses. My second tier EF is $40k in an intermediate-term muni bond fund. It earns about ...
by scrabbler1
Fri Jul 06, 2018 9:22 am
Forum: Personal Finance (Not Investing)
Topic: W-4 allowances: why not withhold the minimum to avoid penalty?
Replies: 17
Views: 1401

Re: W-4 allowances: why not withhold the minimum to avoid penalty?

I will throw some cold-water on the idea of significant under-withholding. Basically, you are creating debt with some pretty serious penalties if you can't pay when it is due (and in some cases when it is due regardless). It seems to me that staying close to the target due amount is the most pruden...
by scrabbler1
Fri Jul 06, 2018 9:08 am
Forum: Personal Finance (Not Investing)
Topic: How to "retire" in your 30's article
Replies: 110
Views: 15089

Re: How to "retire" in your 30's article

Marc, as someone who also retired early, 10 years ago at age 45, I commend you for getting out of the daily rat race. I live frugally and never earned more than $80k in my 23-year career, pretty similar to your life. I first got bitten by the early retirement bug at age 35, but it took me 10 years t...
by scrabbler1
Thu Jul 05, 2018 9:14 pm
Forum: Personal Finance (Not Investing)
Topic: Health Care in "Early" Retirement
Replies: 50
Views: 5059

Re: Health Care in "Early" Retirement

When I reduced my weekly hours worked from 20 to 12, back in 2007, I switched to COBRA to retain HI coverage for 18 more months. Besides it being cheaper than an individual policy (no ACA back then), it had good dental coverage and I knew I would need some costly dental work in the next 18 months. I...
by scrabbler1
Wed Jul 04, 2018 7:05 pm
Forum: Personal Consumer Issues
Topic: How to tip
Replies: 87
Views: 5809

Re: How to tip

20% on the pre-tax amount, I go a little higher if the service was unusually good, or if it is a place I eat at frequently enough to recognize the servers (and they recognize me) so I know they will go out of their way for me should I need them to. If I have a problem with the food or service which ...
by scrabbler1
Wed Jul 04, 2018 2:13 pm
Forum: Personal Finance (Not Investing)
Topic: Will I ever be able to itemize?
Replies: 64
Views: 4542

Re: Will I ever be able to itemize?

Very rough federal tax calculation, assuming $30k for 401k/HSA/IRA/insurance premiums etc, and $20k worth of deductions: 2017: 130k income - 30k - 28k (itemizing + exemptions) = 72k taxable, tax = $9870 2018: 130k income - 30k - 24k (standard deduction) = 76k taxable, tax = $8740 For a savings of $...
by scrabbler1
Wed Jul 04, 2018 8:09 am
Forum: Investing - Help with Personal Investments
Topic: bonds or bond funds?
Replies: 39
Views: 2461

Re: bonds or bond funds?

I have owned bond funds for the last 28 years, from munis to investment grade corporate to borderline investment-grade corporate. I buy them for the income, not for any capital appreciation or loss. I rarely make any redemptions (sales), so whatever I make or lose in those sales is secondary and usu...
by scrabbler1
Tue Jul 03, 2018 11:30 pm
Forum: Investing - Help with Personal Investments
Topic: Few Questions About Early Retirement
Replies: 13
Views: 2062

Re: Few Questions About Early Retirement

Extending on what Kenyan wrote, I split my retirement plan into two parts. The first part was getting from age 45 to age ~59.5 using only the money in the taxable account. That's the tougher part, and I am doing just fine 10 years into that 15-year segment. The second part is getting beyond age ~59....
by scrabbler1
Tue Jul 03, 2018 8:56 pm
Forum: Investing - Help with Personal Investments
Topic: Few Questions About Early Retirement
Replies: 13
Views: 2062

Re: Few Questions About Early Retirement

Twenty years ago, I was 35, single, no kids, with a total portfolio of about $250,000. I had just paid off my one mortgage and was starting to plan for a very early retirement, perhaps in my early 50s. Half my portfolio was in tax-advantaged accounts, half in taxable. Things actually went better for...