Search found 792 matches

by Mitchell777
Sun Sep 24, 2017 6:59 am
Forum: Investing - Theory, News & General
Topic: Retirees, what is your marginal tax rate?
Replies: 80
Views: 6939

Re: Retirees, what is your marginal tax rate?

Sidney wrote:
Sat Sep 23, 2017 4:47 pm
Mitchell777 wrote:
Sat Sep 23, 2017 4:33 pm
Trying to figure out how I may get to the 15% maginal bracket.
From which direction?
Since I maxed out on 401K/IRA for over 30 years and have most of my investments outside of those plans, the question was to get to 15% from a higher marginal rate.
by Mitchell777
Sat Sep 23, 2017 4:33 pm
Forum: Investing - Theory, News & General
Topic: Retirees, what is your marginal tax rate?
Replies: 80
Views: 6939

Re: Retirees, what is your marginal tax rate?

Do the retired people in the 15% marginal bracket have the majority of their investments (% of value) in tax deferred plans such as 401K/IRA? I maxed out in my 401K and IRA's for over 30 years but have over 60% of my investments outside of my retirement plans. Maybe part of that because I had equiti...
by Mitchell777
Sat Sep 23, 2017 12:11 pm
Forum: Investing - Theory, News & General
Topic: Retirees, what is your marginal tax rate?
Replies: 80
Views: 6939

Re: Retirees, what is your marginal tax rate?

Retired recently. Not yet taking SS or any retirement plan distributions. Just looked at this yesterday and not sure how I can get into a 15% marginal bracket unless I'd move a good bit of fixed income (FI) into tax free bonds. I've always put as much fixed income as possible into IRA/401K, and stoc...
by Mitchell777
Thu Sep 21, 2017 4:21 pm
Forum: Personal Finance (Not Investing)
Topic: Credit freeze or fraud alert?
Replies: 18
Views: 1080

Re: Credit freeze or fraud alert?

I went with the freeze. I have considered it for a few years and the latest situation put me over the edge. I'd rather not find out after a fraudulent data pull. Also, this is the third or fourth such situation I've been through, one with my employer. Another two or three with my mother. Recently in...
by Mitchell777
Thu Sep 14, 2017 8:58 am
Forum: Personal Finance (Not Investing)
Topic: Anyone else freeze their credit score?
Replies: 126
Views: 10849

Re: Anyone else freeze their credit score?

I don't like putting in my social without encryption and how do you feel when filling out paperwork for every new doctor / dentist office? :annoyed Perhaps it is required for government healthcare programs but I never give SS number at doctor/dentist office. Last week I registered at a surgery cent...
by Mitchell777
Sat Sep 09, 2017 5:24 pm
Forum: Personal Finance (Not Investing)
Topic: Can't freeze credit at Experian?
Replies: 59
Views: 25157

Re: Can't freeze credit at Experian?

Last time I tried to check my credit reports, two of the three would not allow me to do it on-line and requested I send info through the mail. Had the same problem with my mother's credit reports
by Mitchell777
Fri Sep 01, 2017 9:08 am
Forum: Local Chapters and Bogleheads Community
Topic: [Are the Bogleheads] getting less interesting?
Replies: 255
Views: 16202

Re: [Are the Bogleheads] getting less interesting?

Many years ago I subscribed to Money mag, and later Worth Mag. I enjoyed them both but after a couple years it seems like I was reading the same thing over and over. Reason was I learned what I could as a beginner. Also as I leaned more toward indexing, reading analyses regarding the hot funds was o...
by Mitchell777
Wed Aug 30, 2017 6:43 am
Forum: Personal Finance (Not Investing)
Topic: What does Medicare REALLY Cost Wealthy Seniors
Replies: 24
Views: 2197

Re: What does Medicare REALLY Cost Wealthy Seniors

Hope I'm wrong but I'm guessing the tiers are not indexed for inflation. If they are not, one can be bumped up a tier or two depending on future inflation.
by Mitchell777
Tue Aug 29, 2017 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: Help me help my grandmother (nursing home negotiation and best way to clear out a home for sale)
Replies: 29
Views: 2299

Re: Help me help my grandmother (nursing home negotiation and best way to clear out a home for sale)

One of the best bits of advise I rec'd from my elder law attorney was to find a facility close to my home. That sounds like it may not be the case in your situation. Reason he suggested that was it was easier for me to be there 3 or 4 times a week. In my experience, even the best facilities can have...
by Mitchell777
Tue Aug 29, 2017 7:24 am
Forum: Personal Finance (Not Investing)
Topic: Help me help my grandmother (nursing home negotiation and best way to clear out a home for sale)
Replies: 29
Views: 2299

Re: Help me help my grandmother (nursing home negotiation and best way to clear out a home for sale)

I would suggest a consultation with an elder law attorney. Perhaps doubtful any money can be saved at this point but consultations are often at no charge so you can decide if legal services are needed mid to long term. Even if you pay for a consultation it's worth it. Also attorneys that do only eld...
by Mitchell777
Fri Aug 25, 2017 9:16 am
Forum: Personal Consumer Issues
Topic: I've fallen and I can't get up -- recommendations?
Replies: 42
Views: 5768

Re: I've fallen and I can't get up -- recommendations?

i've convinced my dad he needs one of those "i've fallen and i can't get up" devices. he wants one that works off of GPS -- and found one at walmart -- but is balking at the $40 a month monitoring fee (he can afford it but that's another issue). anybody got a recommendation? hopefully one that is a...
by Mitchell777
Mon Aug 21, 2017 11:32 am
Forum: Personal Consumer Issues
Topic: Asphalt Repave Cost
Replies: 3
Views: 507

Asphalt Repave Cost

I've researched this but since I have little knowledge other than that,I thought I'd go to me GOTO place (Bogleheads). I have rec'd an estimate on total repave on an existing driveway (800 Sq Ft). Excavate and grade area in prep for paving, removing excess fill etc Fine grade area Install #2A modifi...
by Mitchell777
Fri Aug 18, 2017 5:58 pm
Forum: Investing - Theory, News & General
Topic: How I use I-ORP, and who shouldn't
Replies: 121
Views: 11259

Re: How I use I-ORP, and who shouldn't

Recently retired so giving this issue more thought, although I have planned in the past. Highly likely I will pass with assets at least in high six figures with no heirs. Has anyone confronted the question as to do you consider ROTH conversions (i.e. paying tax early) if your estate goes to tax exem...
by Mitchell777
Fri Aug 18, 2017 4:29 am
Forum: Personal Consumer Issues
Topic: Organ (Music) Question
Replies: 6
Views: 584

Re: Organ (Music) Question

Thanks to all. I looked on sites like Craigslist, in my area, and there were people giving away organs the size of my mother's Lowrey. Some for sale were asking less than $100. I thought the value would be much higher. They looked nice in the pictures, but perhaps they need work which I do not think...
by Mitchell777
Thu Aug 17, 2017 5:03 pm
Forum: Personal Consumer Issues
Topic: Organ (Music) Question
Replies: 6
Views: 584

Organ (Music) Question

I have a Casiotone MT210 and a Lowery TLO-R (two keyboards) that belonged to my late mother. Both appear to be in nice condition although I do not play the organ. They have not been used in at least 25 years. They may have been bought new but I doubt it since I believe the Lowery is from the 60's or...
by Mitchell777
Tue Aug 15, 2017 6:03 am
Forum: Personal Finance (Not Investing)
Topic: Expect to spend $2.6M on healthcare?
Replies: 66
Views: 6453

Re: Expect to spend $2.6M on healthcare?

If you need nursing home care (not assisted living), and you choose a facility that accepts Medicaid, you need enough money to private pay for 2 or 3 years to get into a "decent" facility. That can be $8K to $12K per month. That number can differ slightly depending on area of the country. After tha...
by Mitchell777
Mon Aug 14, 2017 12:55 pm
Forum: Personal Finance (Not Investing)
Topic: Expect to spend $2.6M on healthcare?
Replies: 66
Views: 6453

Re: Expect to spend $2.6M on healthcare?

I read these topics and articles and just laugh every time. I often wonder how many people here take this stuff seriously and are putting off early retirement or retirement in general because of this. You have to be declared indigent before Medicaid starts to pick up the tab on your nursing home bi...
by Mitchell777
Tue Jul 18, 2017 4:33 pm
Forum: Personal Finance (Not Investing)
Topic: COBRA vs. ACA plan - what to consider?
Replies: 48
Views: 2980

Re: COBRA vs. ACA plan - what to consider?

I'm sure it varies by where you live (ACA). For me, the ACA would have cost $1400 to $1500 per month for one person (no discount) with $1500 to $3000 deductible. If I could have kept my income at $40K/year, it would have cost $500 to $600 per month, and cost less for lower income. COBRA. for me, was...
by Mitchell777
Thu Jun 08, 2017 7:26 am
Forum: Personal Consumer Issues
Topic: Is it possible to only replace sections of a concrete driveway?
Replies: 22
Views: 2106

Re: Is it possible to only replace sections of a concrete driveway?

I'm sorry I do not know the answer. As answers come in, I'm also wondering if you can replace parts (large areas, not spots) of an asphalt or macadam driveway.
by Mitchell777
Sun May 14, 2017 8:02 am
Forum: Personal Finance (Not Investing)
Topic: Regret early retirement/downsizing
Replies: 230
Views: 40117

Re: Regret early retirement/downsizing

I retired this year so too early to tell perhaps. I do miss people coming to me for advise or guidance. I really miss the people I was close to. I miss being part of the team. On the other hand I noticed quite a few of my former friends and colleagues dying in their 50's and 60's. I've gotten in bet...
by Mitchell777
Wed May 03, 2017 5:00 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a luxury car (how dumb would it be to do this?)
Replies: 216
Views: 20831

Re: Buying a luxury car (how dumb would it be to do this?)

If you really want it, and you can afford it, which I believe you can, buy it. It does not matter how others view a car. Only how you view a car, this car. Others will have their own "frivolities" for lack of a better word.
by Mitchell777
Tue Apr 25, 2017 1:00 pm
Forum: Personal Consumer Issues
Topic: Appealing a bill
Replies: 18
Views: 1538

Re: Appealing a bill

If this is a bill you would simply pay, I respect that. I don't see it that way. Every other consultation I've had, including several with out of town docs at teaching hospitals were 20 minutes or more of face time with the doctor. All the other ancillary things done were done in all those situation...
by Mitchell777
Tue Apr 25, 2017 12:29 pm
Forum: Personal Consumer Issues
Topic: Appealing a bill
Replies: 18
Views: 1538

Re: Appealing a bill

an_asker wrote:PMed you. All the best! :-)

Thank you. I now see what you mean.
by Mitchell777
Tue Apr 25, 2017 9:39 am
Forum: Personal Consumer Issues
Topic: Appealing a bill
Replies: 18
Views: 1538

Appealing a bill

I do not want to discuss any medical issues as this will be cut off. Just a question about appealing a bill. I had an initial consultation with a surgeon for which I was billed $600 ($425 after insurance - in network). No major problem with the amount of the bill. The concern is with the time with t...
by Mitchell777
Fri Mar 31, 2017 10:18 am
Forum: Investing - Theory, News & General
Topic: Article--Vanguard's customer service takes a hit as it receives epic inflows of cash
Replies: 33
Views: 4680

Re: Article--Vanguard's customer service takes a hit as it receives epic inflows of cash

Bogleheads: I wonder why Vanguard keeps advertising for new customers. When Mr. Bogle was CEO he emphasized low-cost and quality above getting bigger. Best wishes. Taylor I've wondered the same thing. On the one hand it's wonderful that more people have come to Vanguard, many who I've known who wer...
by Mitchell777
Fri Mar 03, 2017 12:09 pm
Forum: Personal Finance (Not Investing)
Topic: COBRA
Replies: 6
Views: 978

COBRA

I'm reading on COBRA and not finding a clear answer to this. During the 45 days, or whatever it takes, for me to receive the info to sign up for COBRA, I may need to have medical care I do not want to put off. As I understand, I will need to pay cash at the full price, but later COBRA will cover me ...
by Mitchell777
Fri Mar 03, 2017 9:04 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Review: Newbie w/ $2.8M
Replies: 58
Views: 6873

Re: Portfolio Review: Newbie w/ $2.8M

Here are the rules for SIPC. Being at two different brokerage houses won't increase your limits. http://www.sipc.org/for-investors/investors-with-multiple-accounts Basically, it combines your assets. Yes, your IRA / Roth, are all considered separate. So, don't be too paranoid. You'll lose more from...
by Mitchell777
Mon Feb 27, 2017 3:30 pm
Forum: Personal Finance (Not Investing)
Topic: Obamacare/ACA and Early Retirement
Replies: 16
Views: 1547

Re: Obamacare/ACA and Early Retirement

If Obamacare Exits, Some May Need to Rethink Early Retirement (from The New York Times) This was concerning to me. I was hoping to retire before I turn 63.5, and if any health insurance I can get is paltry, I'll have to work until 63.5 when I can use COBRA to bridge to Medicare. I do not think ther...
by Mitchell777
Wed Feb 08, 2017 7:45 pm
Forum: Investing - Help with Personal Investments
Topic: Wow, Vanguard Flagship service is bad. Really bad.
Replies: 170
Views: 28622

Re: Wow, Vanguard Flagship service is bad. Really bad.

I had a somewhat similar situation with a paper stock certificate. It never got to your situation because I was able to tell them I'm driving down so have someone meet me. They had two people there who were very knowledgeable. I like that I'm within driving distance although this is the first time I...
by Mitchell777
Thu Feb 02, 2017 7:11 pm
Forum: Investing - Help with Personal Investments
Topic: Do ROTH conversion or not?
Replies: 23
Views: 2565

Re: Do ROTH conversion or not?

As I retired I was all set to do Roth conversions up to the top of the 15% bracket until I hit RMD age. Did the first year. Did a partial in the second year (2016) before reality hit. I am lucky to have saved more than I will likely spend even if I live past my target age of 96. Most of my estate w...
by Mitchell777
Thu Feb 02, 2017 2:57 pm
Forum: Investing - Help with Personal Investments
Topic: Do ROTH conversion or not?
Replies: 23
Views: 2565

Re: Do ROTH conversion or not?

Isn't a significant question, do you have heirs or will your money go to charities?
by Mitchell777
Wed Feb 01, 2017 2:49 pm
Forum: Investing - Help with Personal Investments
Topic: Buying CDs: Do I need to open a bank account?
Replies: 4
Views: 459

Re: Buying CDs: Do I need to open a bank account?

I've purchased many CD's over the years from local banks and credit unions. Often the credit unions required a small account, often as small as $5.00 in order to open the CD. Sometimes the banks may offer a .25% increase in the rate if you open an account, last one was $1K for the additional .25% on...
by Mitchell777
Fri Jan 27, 2017 2:34 pm
Forum: Investing - Help with Personal Investments
Topic: Warning: Max out 401k early - lose some of the match
Replies: 32
Views: 2352

Re: Warning: Max out 401k early - lose some of the match

My employer does the same. My earnings vary based on bonus and I need to review it toward the mid to end of the year every year. I don't like it and never understood the need for doing it that way - seems a work-around should be possible since my other employer did not do this.
by Mitchell777
Fri Jan 27, 2017 2:28 pm
Forum: Local Chapters and Bogleheads Community
Topic: HAPPY 93RD BIRTHDAY, TAYLOR!
Replies: 199
Views: 10515

Re: HAPPY 93RD BIRTHDAY, TAYLOR!

Taylor - I'm 30 years younger and don't look as good as you! Happy 93rd!
by Mitchell777
Mon Jan 16, 2017 11:52 am
Forum: Personal Consumer Issues
Topic: Streaming TV for Elderly Parents
Replies: 39
Views: 3727

Re: Streaming TV for Elderly Parents

I do not have the knowledge to do much of what is discussed here, although I know from discussions I'm overpaying for cable (Comcast) and land line phone and internet (Verizon). I receive offers from Comcast, for everything, MUCH cheaper than the combined fee I pay now. Does anyone take this sort of...
by Mitchell777
Mon Dec 26, 2016 8:38 pm
Forum: Local Chapters and Bogleheads Community
Topic: My Christmas Gift to You.
Replies: 98
Views: 8512

Re: My Christmas Gift to You.

Thank you Taylor. I've had a very tough Christmas this year, but your message reminded me that people have been through worse, at very young ages, and they (and you) did it for me and my fellow citizens
by Mitchell777
Fri Nov 11, 2016 10:52 am
Forum: Investing - Help with Personal Investments
Topic: Age 60, about to retire
Replies: 13
Views: 3086

Re: Age 60, about to retire

If I understand, it is $125K after tax. If you have $2M in stock, the question is how will you handle it if and when we have another 50% drop in the market. I know the last time it happened I realized I was not comfortable with the amount of loss but that is just me. Only you can answer that questio...
by Mitchell777
Thu Nov 10, 2016 7:00 pm
Forum: Investing - Help with Personal Investments
Topic: After Tax 401k Contributions
Replies: 30
Views: 2972

Re: After Tax 401k Contributions

What if you have Traditional IRA's that are before tax in addition to your Roth IRA. Can you roll the after tax 401K contributions into a Roth IRA without paying tax on part of the before tax IRA? I seem to recall when you do a rollover or a conversion to a Roth you had to take into account all your...
by Mitchell777
Thu Nov 03, 2016 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: Frustrated with Health Insurance Premiums for 2017
Replies: 79
Views: 8071

Re: Frustrated with Health Insurance Premiums for 2017

I'm assuming that you already do this, but you should be able to deduct the insurance premiums on your tax reutrn: https://www.irs.gov/publications/p535/ch06.html And without getting political (as it is off limits and I'll end my comments here), the increases in healthcare premiums (and worker cont...
by Mitchell777
Sat Oct 29, 2016 4:54 pm
Forum: Personal Finance (Not Investing)
Topic: 2017 ACA plan previews
Replies: 172
Views: 14073

Re: 2017 ACA plan previews

I just reviewed my 2017 rates in PA (one person). At a $40K annual income they are in the $500 to $600 range per month (discount). At $50K they are in the $1,400 to $1,500 range (no discount). I've not used the ACA in the past and it's hardly affordable in my book. There are less expensive options o...
by Mitchell777
Fri Oct 14, 2016 7:57 am
Forum: Personal Finance (Not Investing)
Topic: Obtaining Health Insurance as a retiree (esp. Missouri)
Replies: 12
Views: 1233

Re: Obtaining Health Insurance as a retiree (esp. Missouri)

I'm in a somewhat similar situation although older. I, too, am leaning toward COBRA (price is similar but employer's insurance has much lower OOP costs). My main concern is that once the 18 months ends I still will not be 65. Then I have months to go until Medicare and have no idea if ACA will still...
by Mitchell777
Sat Oct 08, 2016 5:12 pm
Forum: Personal Finance (Not Investing)
Topic: ACA renewal - shop around.
Replies: 29
Views: 3134

Re: ACA renewal - shop around.

Thanks all for the good advise. When I researched COBRA and ACA awhile back, the ACA allowed you to pick up coverage at any time of the year when the 18 months of COBRA ended (Ex: 18 months COBRA ends June, you can pick up ACA in June) What you could not do was stay on COBRA for less than 18 months ...
by Mitchell777
Sat Oct 08, 2016 12:55 pm
Forum: Personal Finance (Not Investing)
Topic: ACA renewal - shop around.
Replies: 29
Views: 3134

Re: ACA renewal - shop around.

I plan to retire in a few months. I started to look at the ACA plans and prices. I was shocked by the prices even with a large deductible in the $6K range (I will receive no subsidy). I'm leaning toward COBRA as the cost for my employer + my contribution is about the same as the ACA prices but with ...
by Mitchell777
Fri Oct 07, 2016 11:09 am
Forum: Personal Consumer Issues
Topic: Luxury Cars - Am I missing out on creature comforts by not driving one?
Replies: 92
Views: 8622

Re: Luxury Cars - Am I missing out on creature comforts by not driving one?

Decades ago, driving luxury cars not owned by me, I felt there was a big difference. Today I'm not so sure. I have my own now and I feel like half of the price difference is getting a bit more car and the other half is the emblem on the car. A guy was telling me recently that he likes his Cadillac b...
by Mitchell777
Sat Sep 17, 2016 5:25 pm
Forum: Personal Consumer Issues
Topic: Did you have a Mid Life Crisis? [Consumer related]
Replies: 103
Views: 11729

Re: Did you have a Mid Life Crisis?

I hope I had a mid-life crisis because it hit me at 60.
by Mitchell777
Mon Sep 12, 2016 1:46 pm
Forum: Personal Consumer Issues
Topic: Replacement Brush Heads for Oral B Electric Toothbrush
Replies: 11
Views: 1763

Re: Replacement Brush Heads for Oral B Electric Toothbrush

I bought one of the generic brands several years ago. They were supposed to be the same as the Oral B. They were too hard. A definite difference. I buy the Oral B now. Just my one situation though
by Mitchell777
Wed Aug 31, 2016 9:55 am
Forum: Personal Finance (Not Investing)
Topic: Has anyone bought a home with Redfin?
Replies: 35
Views: 5452

Re: Has anyone bought a home with Redfin?

I have not bought a home for decades. Boy, this is all so different. What does Redfin or similar companies do not provide good agents as many are referencing here. They must be doing something to provide overall better agents than if you just looked in the on line yellow pages or used Uncle Joe's co...
by Mitchell777
Mon Aug 29, 2016 9:11 am
Forum: Investing - Theory, News & General
Topic: Retirees Saying No To The Market
Replies: 57
Views: 8479

Re: Retirees Saying No To The Market

Do you know retirees who absolutely refuse to invest in the market? I was wondering how well they are doing financially and what are they doing to get by. Thanks. Yes, I've seen a number over the years in my area. Very wealthy people who do not need to take any risk, people not wealthy but just afr...
by Mitchell777
Fri Aug 26, 2016 9:13 am
Forum: Personal Finance (Not Investing)
Topic: Fear and Trembling (Aug. 31st is my last day at work)
Replies: 77
Views: 10666

Re: Fear and Trembling (Aug. 31st is my last day at work)

I'm hoping to retire this year. I have some of the same thoughts, but not to your extent. I feel my work is my identity. Not that that is good, it is just how I feel. I spoke with my barber recently. He is in his mid 70's and can't let it go. As he said if I'm not a barber, who am I. I know I cannot...
by Mitchell777
Fri Aug 12, 2016 9:26 am
Forum: Personal Finance (Not Investing)
Topic: Medicaid qualification - allowed assets
Replies: 13
Views: 1626

Re: Medicaid qualification - allowed assets

The attorney said that if any one of us "might" have to be admitted to a long term care facility in the reasonably near future, to contact her then to set a "snap shot date" asset inventory and set a plan and not wait. Any dispersal of assets within 5 years prior to that "s...