Search found 1564 matches

by Carl53
Thu Jul 19, 2018 8:12 am
Forum: Personal Consumer Issues
Topic: Flaunt Your High-Mileage Car
Replies: 416
Views: 51975

Re: Flaunt Your High-Mileage Car

97 F150 4X4 Lariat with 122k (odometer reads 177k but I had to change the instrument panel).
by Carl53
Wed Jul 18, 2018 12:27 pm
Forum: Investing - Help with Personal Investments
Topic: Anyone have experience with Redneck bank?
Replies: 13
Views: 1474

Re: Anyone have experience with Redneck bank?

Been with the RNB for about 10 years with a Mega account. They were paying 3% back then and drifted down as low as 0.9% before recovering to the current 2%. Always paid near the top rate available nationwide. The recent bump up to $50k is nice, although I currently do not have funds available to tak...
by Carl53
Mon Jul 16, 2018 6:46 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Questions for my Parents
Replies: 19
Views: 1296

Re: Social Security Questions for my Parents

Downsize to zero mortgage.
Work til 70.
by Carl53
Mon Jul 16, 2018 6:24 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Questions for my Parents
Replies: 19
Views: 1296

Re: Social Security Questions for my Parents

Were either of your parents born before 1/1/1954? If so that parent could file a restricted application as a spouse at FRA providing their spouse has already filed and thereby allowing their own benefit to grow until age 70. Particularly if your father being the higher earner was before that date it...
by Carl53
Thu Jul 12, 2018 5:36 am
Forum: Personal Finance (Not Investing)
Topic: What rate of return are you using for retirement projections?
Replies: 99
Views: 8895

Re: What rate of return are you using for retirement projections?

I used 0% real, (3% inflation and 3% interest) when I set up my retirement spreadsheet in 2010. I have been pleasantly surprised.
by Carl53
Sun Jul 08, 2018 6:34 am
Forum: Personal Finance (Not Investing)
Topic: Checkbook balancing software?
Replies: 31
Views: 1643

Re: Checkbook balancing software?

I've kept ours on a spreadsheet(s) for decades. Pretty simple, but sometimes takes a bit of time to find little errors in the old check register. I reconcile perhaps once every three months. Mostly the errors are overlooked direct payments to or from the checking account (often by my spouse not me, ...
by Carl53
Sat Jul 07, 2018 9:16 am
Forum: Investing - Help with Personal Investments
Topic: Which route for older adult with no retirement?
Replies: 19
Views: 2390

Re: Which route for older adult with no retirement?

Before you decide on Roth vs TIRA, consider what your income level will be in retirement. If you just have modest SS, modest IRA stream and maybe a little part time work, you may owe very little tax, if any, in retirement even if the IRA stream is from a TIRA. Use a tax program to model what your ta...
by Carl53
Fri Jul 06, 2018 11:15 am
Forum: Personal Consumer Issues
Topic: Every Other Friday Off
Replies: 52
Views: 5068

Re: Every Other Friday Off

Worked 4 10s for a year when my employer decided to try it out. 4 day weekends every other week. Loved it. With an hour+ commute, it saved me 2 hours on the road per week. Unfortunately they discontinued it the next year.
by Carl53
Wed Jul 04, 2018 3:05 pm
Forum: Personal Consumer Issues
Topic: Continuing Care Community versus 55 + (no LTC and modest assets)
Replies: 61
Views: 3880

Re: Continuing Care Community versus 55 + (no LTC and modest assets)

About three years ago we investigated a couple of CCRCs for my in-laws (early to mid-80s at the time). One that they were interested in, and had several friends of theirs living there, allowed us to spend two nights as the facilities guest. We loved it (although not quite ready ourselves). It was a ...
by Carl53
Wed Jul 04, 2018 2:24 pm
Forum: Personal Finance (Not Investing)
Topic: Prime Money Market vs. 'Brick & Mortar' Savings Account
Replies: 18
Views: 2348

Re: Prime Money Market vs. 'Brick & Mortar' Savings Account

Her income (pension + SS) runs about $82K/yr. That plus the taxes from the Roth Conversions I'm helping her with put her taxable income in the 22% marginal bracket. I agree with you though. Maybe I'm overthinking this too much. Any one of the funds is probably good enough. I missed it if you mentio...
by Carl53
Wed Jul 04, 2018 1:54 pm
Forum: Personal Consumer Issues
Topic: Monthly Water Usage
Replies: 61
Views: 3959

Re: Monthly Water Usage

Over the last 9+ years we have averaged 5700 gallons per month ($47) for two retirees. Occasional dry summers result in pushing the numbers up some, and it would be at least one-third lower without a 40000 gallon pool that has been emptied/refilled twice in that time frame for painting, and often re...
by Carl53
Wed Jul 04, 2018 1:36 pm
Forum: Personal Finance (Not Investing)
Topic: Will I ever be able to itemize?
Replies: 64
Views: 4221

Re: Will I ever be able to itemize?

Or if you can switch to a 15 year mortgage, you'd be paying most of the monthly payment towards principle and far less for interest. Eventually this is true. But in the early years of paying down a loan, the interest is almost as much for a 15-year mortgage as for a 30-year one. Of course if one do...
by Carl53
Fri Jun 29, 2018 5:16 am
Forum: Personal Consumer Issues
Topic: Did you celebrate when you finally hit $1m?
Replies: 161
Views: 14722

Re: Did you celebrate when you finally hit $1m?

We didn't in the early 2000's. Nor did we in 2009 when we hit $1m on the way down. Did not celebrate on the way back up either, but am much less stressed at making large purchases.
by Carl53
Thu Jun 28, 2018 3:59 pm
Forum: Personal Finance (Not Investing)
Topic: ATT Administrative Fees
Replies: 6
Views: 591

ATT Administrative Fees

I noticed my ATT unlimited service bill (6 lines) go up small amounts the last few months. My son sent me this link with a discussion about the fees. https://www.macrumors.com/2018/06/27/att-doubles-administrative-fees/ I decided to contact ATT. I explained that I had signed up for a particular pric...
by Carl53
Thu Jun 28, 2018 3:43 pm
Forum: Personal Consumer Issues
Topic: My 2017 CRV is a victim of the dreaded oil gas-dilution issue
Replies: 316
Views: 48971

Re: My 2017 CRV is a victim of the dreaded oil gas-dilution issue

There's plenty of information about how to check into this problem with your own vehicle and I'd do that rather than worrying about mine -- I think it's pretty clear that I have the problem, but not for much longer. I've done what I can to alert current and prospective owners of this vehicle. Good ...
by Carl53
Sat Jun 23, 2018 2:23 pm
Forum: Personal Consumer Issues
Topic: Repair old refrigerator or purchase new
Replies: 24
Views: 1719

Re: Repair old refrigerator or purchase new

Sometimes there are separate controls for the freezer and overall. Also check to make sure that the vents, often near the back of the compartment are not blocked. Our unit ran warmer than normal for a few days last year. I adjusted the temperature setting down with some gain. I then noticed that som...
by Carl53
Thu Jun 21, 2018 1:40 pm
Forum: Personal Consumer Issues
Topic: Heat strips in heat pump miswired and on all the time - how much extra electricity cost?
Replies: 14
Views: 1104

Re: Heat strips in heat pump miswired and on all the time - how much extra electricity cost?

You might have an hourly meter on your heat pump, as I did on my old ground source unit. I still have a double 60A breaker in my box for the auxiliary heat. I believe it was intended to deliver 15Kw. If you had something similar and it ran for 50% of the time (365 hrs), and electricity cost 12 cents...
by Carl53
Thu Jun 21, 2018 12:57 pm
Forum: Personal Consumer Issues
Topic: Heat strips in heat pump miswired and on all the time - how much extra electricity cost?
Replies: 14
Views: 1104

Re: Heat strips in heat pump miswired and on all the time - how much extra electricity cost?

To add to what neilpilot said, the A/C would almost certainly not be sized correctly to handle that increased (double or triple or ???) load and that would affect the A/C efficiency so it probably would not be simply a matter of additional running time. I would want whoever was responsible to reimb...
by Carl53
Thu Jun 21, 2018 8:49 am
Forum: Personal Consumer Issues
Topic: Buy new truck before retiring?
Replies: 53
Views: 2903

Re: Buy new truck before retiring?

20 mpg - 13 mpg = 7 mpg difference. $2.90/gallon $9500 difference ? = $9500*(7m/g)*(1g/$2.90) g cancels $ cancels math, ? = 22,931.0345 miles $9500 = X miles *(1gal/13miles-1gal/20miles) * $2.90/gal ($9500/$2.90)*(1/(1/13-1/20)) = X miles or 121675 miles ( rounded off to 121680 in my first comment)
by Carl53
Thu Jun 21, 2018 8:02 am
Forum: Personal Consumer Issues
Topic: Buy new truck before retiring?
Replies: 53
Views: 2903

Re: Buy new truck before retiring?

Jack FFR1846 wrote:
Thu Jun 21, 2018 7:46 am
Just going by numbers, assume the new truck gets 20 mpg average (which I doubt, but we need a number). Doing the math, it will take 22,931 miles for the gas savings at $2.90 (what gas is near me right now) to save you that $9500.
I'm coming up with 121,680 miles.
by Carl53
Mon Jun 18, 2018 1:03 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security advice needed
Replies: 28
Views: 2052

Re: Social Security advice needed

How much of these funds are taxable? You sold your business, so likely a significant amount is taxable. Regarding retirement accounts, are some pretax and others Roth?
by Carl53
Wed Jun 13, 2018 5:47 am
Forum: Investing - Help with Personal Investments
Topic: Interesting Social Security analysis
Replies: 16
Views: 2350

Re: Interesting Social Security analysis

Some of these calculators must assume that you are getting good portfolio returns while delaying SS. I would only compare delaying SS while assuming the additional amounts available for investments by claiming early would be saved in 10 year treasuries which have rather low returns. Of course I gav...
by Carl53
Mon Jun 11, 2018 7:16 am
Forum: Personal Consumer Issues
Topic: Best water filtration system ?
Replies: 13
Views: 929

Re: Best water filtration system ?

We've been pleased with a Kinetico system to supply a separate spigot at the kitchen sink as well as the refrigerator ice/cold water dispenser. About $50 in filters every 20-24 months.
by Carl53
Wed Jun 06, 2018 12:05 pm
Forum: Personal Finance (Not Investing)
Topic: "Open Social Security" calculator: feature requests, bug reports, etc
Replies: 96
Views: 9217

Re: "Open Social Security" calculator: feature requests, bug reports, etc

Just noticed this part. Also different - 2. [Spouse] will file for her own benefit to start on 11/1/2019, the month after she turns 64 and receive 61.73% of her full retirement age benefit. Your spouse files for his/her retirement benefit to begin 6/2018, at age 62 and 8 months. Why have spouse fil...
by Carl53
Wed Jun 06, 2018 5:36 am
Forum: Personal Finance (Not Investing)
Topic: New SS claiming calculator ["Open Social Security" - ObliviousInvestor]
Replies: 65
Views: 5317

Re: New SS claiming calculator

A few years ago I recall getting advice (could not find the reference) that for my spouse filing at 62 (birth date of 2nd of month) and me filing restricted spousal with birth date later in same month that I ought to wait until the following month (or perhaps the check was to come the following mon...
by Carl53
Wed Jun 06, 2018 5:01 am
Forum: Personal Finance (Not Investing)
Topic: Best CashBack creditCard with no foreign transaction fee.
Replies: 23
Views: 2602

Re: Best CashBack creditCard with no foreign transaction fee.

One of my cards (issued by PF) allows me to pay ahead somewhat so that when I travel I have a negative balance. So that when I use its no fee cash advances overseas I can avoid the day one higher interest accrual. Some of the overseas banks that I previously used now imposed a $2 local fee but I can...
by Carl53
Tue Jun 05, 2018 7:49 am
Forum: Personal Finance (Not Investing)
Topic: New SS claiming calculator ["Open Social Security" - ObliviousInvestor]
Replies: 65
Views: 5317

Re: New SS claiming calculator

A few years ago I recall getting advice (could not find the reference) that for my spouse filing at 62 (birth date of 2nd of month) and me filing restricted spousal with birth date later in same month that I ought to wait until the following month (or perhaps the check was to come the following mont...
by Carl53
Sat Jun 02, 2018 12:33 am
Forum: Personal Finance (Not Investing)
Topic: I think I made an Traditional IRA mistake- Can it be fixed?
Replies: 60
Views: 3628

Re: I think I made an Traditional IRA mistake- Can it be fixed?

I believe that you are on the right track now to amend last years return to provide perhaps a refund of $1375 if you were in the 25% marginal tax bracket last year. I suggest that you post some additional information to allow others weigh in further for this year. In particular, your spouse is not l...
by Carl53
Mon May 28, 2018 5:54 pm
Forum: Personal Finance (Not Investing)
Topic: Purchase SPIA through Vanguard?
Replies: 18
Views: 1774

Re: Purchase SPIA through Vanguard?

Your plan is to use part of your pension to receive a defined benefit from your company and to take part of your pension in a lump sum to purchase an annuity at Vanguard (or elsewhere)? No, my plan is to take all of my pension money away from my employer and buy an annuity at Vanguard (or elsewhere...
by Carl53
Tue May 15, 2018 12:44 pm
Forum: Personal Consumer Issues
Topic: Debating whether to rebuild tractor or buy a new zero turn
Replies: 33
Views: 2084

Re: Debating whether to rebuild tractor or buy a new zero turn

Mostly for just mowing, go with the new ZT or hire a service to mow if you only see yourself living there a few years. You will find that a zero turn will knock significant time off your mowing/trimming. I almost never have any trimming to do with a ZT and not enough to fire up the gas powered strin...
by Carl53
Sat May 12, 2018 4:46 am
Forum: Personal Finance (Not Investing)
Topic: IRS tax form [Rejected as photocopy, signature must be in blue ink]
Replies: 41
Views: 3435

Re: IRS tax form [Rejected as photocopy, signature must be in blue ink]

Back in the day, I recall my parents doing the whole return in pencil, including signature.
by Carl53
Tue May 08, 2018 12:35 pm
Forum: Personal Consumer Issues
Topic: Recommendation For Shirts
Replies: 36
Views: 2547

Re: Recommendation For Shirts

It is getting harder to find shirts with pockets.
by Carl53
Sun May 06, 2018 5:46 pm
Forum: Personal Consumer Issues
Topic: My 2017 CRV is a victim of the dreaded oil gas-dilution issue
Replies: 316
Views: 48971

Re: My 2017 CRV is a victim of the dreaded oil gas-dilution issue

CRV sales do seem to be dropping the last few months. I don't know about carsalesbase as far as quality of data but their data definitely shows a collapse in China and drops in Europe and the USA. http://carsalesbase.com/us-car-sales-data/honda/honda-cr-v/ http://carsalesbase.com/china-car-sales-dat...
by Carl53
Sun May 06, 2018 3:18 pm
Forum: Personal Finance (Not Investing)
Topic: Tax software
Replies: 17
Views: 1233

Re: Tax software

You could also file a W4V with SS to have up to 22% withholding of federal tax. It would be insufficient but limit any penalty. This would also not address any state tax liability.

https://www.ssa.gov/planners/taxwithold.html
by Carl53
Sat May 05, 2018 8:00 pm
Forum: Personal Finance (Not Investing)
Topic: Continuing Care facility - shielding some assets for the kids
Replies: 37
Views: 4024

Re: Continuing Care facility - shielding some assets for the kids

The required assets are also dependent upon your income stream.
by Carl53
Fri May 04, 2018 4:01 am
Forum: Personal Finance (Not Investing)
Topic: Continuing Care facility - shielding some assets for the kids
Replies: 37
Views: 4024

Re: Continuing Care facility - shielding some assets for the kids

When investigation CCRCs two years ago for my inlaws, we found that those in our area were unwilling to share precise information regarding how much assets were required. For some we got only estimates of buy in fees and something nominal like a million dollars (inlaws did not have this much), but w...
by Carl53
Tue May 01, 2018 5:33 pm
Forum: Investing - Theory, News & General
Topic: I-bond fixed rate = 0.3%
Replies: 62
Views: 7694

Re: I-bond fixed rate = 0.3%

According to Bloomberg, 5 year TIPS have a yield of 0.72%. Why would I sign up for Ibonds at 0.3%. If I intend to hold longer, 30 year TIPS yield 0.94%. 5 year TIPS look pretty good to me, perhaps better than a 3% CD.
by Carl53
Mon Apr 30, 2018 2:28 pm
Forum: Personal Consumer Issues
Topic: Northern Hiking/Walking Vacation
Replies: 19
Views: 1447

Re: Northern Hiking/Walking Vacation

While we could have stayed in one location, we moved a couple of times while hiking waterfalls across the Michigan UP. There are many to choose from. If you go in June, be sure to pack bug repellent. Probably a good thing for all summer, but June brings the black flies/noseeums.
by Carl53
Mon Apr 23, 2018 6:55 am
Forum: Personal Consumer Issues
Topic: My 2017 CRV is a victim of the dreaded oil gas-dilution issue
Replies: 316
Views: 48971

Re: My 2017 CRV is a victim of the dreaded oil gas-dilution issue

CU

How many times a week are you checking your oil level? If multiple times per day, I wonder if the few drops on the dipstick, done multiple times could be causing you to underestimate the problem.
by Carl53
Mon Apr 09, 2018 5:10 am
Forum: Investing - Help with Personal Investments
Topic: Planning stage strategy and advise
Replies: 1
Views: 209

Re: Planning stage strategy and advise

Your plan to take a reduced pension for a large sum does not look too bad if you could take it out as pretax, roll it into an IRA and not touch it. To take it out at your age and pay taxes on it is pushing you into a much higher bracket. I don't think you will get much support for the annuity that y...
by Carl53
Sat Apr 07, 2018 5:05 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Disability Timing Question
Replies: 5
Views: 817

Social Security Disability Timing Question

A neighbor of ours has been determined to have a terminal cancer, 12 months with no treatment, perhaps an extra 6 months with treatment. He is undergoing treatment. I looked at some situations on SS & SS disability on this forum but want to lay out their situation for input on what their best course...
by Carl53
Mon Apr 02, 2018 2:06 pm
Forum: Personal Consumer Issues
Topic: Cleaning up new house before move in—getting rid of “cat smell”
Replies: 42
Views: 3868

Re: Cleaning up new house before move in—getting rid of “cat smell”

Brother-in-law bought a neighborhood two story cat house after the owner passed. Ended up removing virtually every stick of wood to the outside walls. Repeated treatments of basement walls and floors with a special chemical were required. Also, new windows, additional bath and garage. Probably nette...
by Carl53
Mon Apr 02, 2018 7:40 am
Forum: Personal Finance (Not Investing)
Topic: Retire at 55, what's the magic number
Replies: 169
Views: 22221

Re: Retire at 55, what's the magic number

When I retired at that age about 10 years ago, we had perhaps 10X final pay and 16 or 17X likely spending, if I had no pensions. I could see that my employer was on uncertain footing and had an opportunity to take early a couple of underfunded pensions under a levelized plan that would reduce their ...
by Carl53
Sat Mar 31, 2018 4:04 am
Forum: Personal Consumer Issues
Topic: New On-screen Guide for Direct TV
Replies: 17
Views: 4300

Re: New On-screen Guide for Direct TV

I took advantage of an upgrade to genie offer last year since we were having problems with our old box about the same time we ditched our old DSL service. We replaced the DSL with the ATT home phone (with data) option. This new option supposedly has a limit of 22GB per month before you are slowed do...
by Carl53
Wed Mar 28, 2018 7:38 am
Forum: Personal Consumer Issues
Topic: Getting Furniture into a Basement
Replies: 41
Views: 3429

Re: Getting Furniture into a Basement

Our home has an outside stairwell leading to an exterior basement door. Very useful for patio furniture storage or other large items going to the basement. They did have to put a drain in at the landing. Small stuff goes via the inside stairwell, but I've never needed to disassemble anything to take...
by Carl53
Wed Mar 28, 2018 4:36 am
Forum: Personal Consumer Issues
Topic: My 2017 CRV is a victim of the dreaded oil gas-dilution issue
Replies: 316
Views: 48971

Re: My 2017 CRV is a victim of the dreaded oil gas-dilution issue

Today I thought I'd take another look after driving and getting the engine warmed up. To my great surprise, the oil level was barely up to the lower mark on the dipstick and smelled strongly of gasoline. Then I noticed that there is oil all around the top of the engine in the general area around wh...
by Carl53
Wed Mar 28, 2018 4:30 am
Forum: Investing - Theory, News & General
Topic: Retirees: Do you spend all your "income"?
Replies: 46
Views: 4518

Re: Retirees: Do you spend all your "income"?

If I count the TIRA conversion to Roth as income, as the IRS does, then we spend roughly 100% of our income to live on and pay the taxes on the conversion. If I were not to include the conversion income, it would be close to 200% of pension and nonretirement generated interest.
by Carl53
Mon Mar 19, 2018 2:12 pm
Forum: Personal Consumer Issues
Topic: 2018 Honda Accord LX ... is this a good deal?
Replies: 44
Views: 3937

Re: 2018 Honda Accord LX ... is this a good deal?

Following up on official fuel economy numbers, Honda has announced when the 2018 Honda Accord Hybrid midsize sedan goes on sale, and how much it will cost. It goes on sale on March 23, and it could cost you far less than the outgoing model, since Honda says the base model starts at a whopping $4,50...
by Carl53
Sat Mar 17, 2018 9:23 pm
Forum: Personal Finance (Not Investing)
Topic: Bought house six months ago - now feeling like we're treading water and can't save money
Replies: 189
Views: 17429

Re: Bought house six months ago - now feeling like we're treading water and can't save money

A few decades ago we had a house payment that was a greater fraction of income than yours. House was cheaper but loan interest was 9.5%. Didn’t save much until my income started climbing in my mid thirties. Wife went to school on scholarships and then made good money for two years until kids came al...