Search found 1104 matches

by Mitchell777
Mon Jul 06, 2020 3:12 pm
Forum: Investing - Theory, News & General
Topic: Does it really matter when you claim Social Security
Replies: 64
Views: 3952

Re: Does it really matter when you claim Social Security

For me it gets back to a recent post I made regarding does it matter what month you begin. The link on THIS post above says I should start at 68 and 10 months. When I use the SS "Retirement Estimator" it says I would get $3247/month at 68 and 10 months, but $3467 at 69 and 3 months (due to delayed r...
by Mitchell777
Thu Jun 18, 2020 9:03 am
Forum: Personal Investments
Topic: VSS Dividends
Replies: 4
Views: 503

VSS Dividends

I sold VSS (FTSE All World Ex US ETF) a few months ago to tax loss harvest (and bought another Int'l fund). I'd like to purchase VSS again. VSS has quarterly dividends, but I notice on the Vanguard site they have not paid a dividend since Dec 2019. I understand why an ETF, or mutual fund, would not ...
by Mitchell777
Fri Jun 05, 2020 5:21 pm
Forum: Personal Finance (Not Investing)
Topic: SS Retirement Estimator
Replies: 9
Views: 1110

Re: SS Retirement Estimator

I am 66.5 yo and not yet collecting SS. Last yr (2019) when I used SS Estimator my SS estimate taking SS at 66 was $2707/mo (equal to $2750/mo in 2020 with the 1.6% 2020 inflation increase). When I use SS Estimator today, it shows $2807/mo at 67 . Well less than an 8% increase for waiting one yr. O...
by Mitchell777
Fri Jun 05, 2020 8:42 am
Forum: Personal Finance (Not Investing)
Topic: SS Retirement Estimator
Replies: 9
Views: 1110

Re: SS Retirement Estimator

"Retirement Estimator" is the actual name of the specific calculator I used. It uses your earnings record that SS has. I went back and also tried the SS "Online Calculator" which requires you to key each year's earnings. Exact same results. Small $ increase between 66 and 67, $220 each year between ...
by Mitchell777
Thu Jun 04, 2020 9:32 am
Forum: Personal Finance (Not Investing)
Topic: SS Retirement Estimator
Replies: 9
Views: 1110

SS Retirement Estimator

I am 66.5 yo and not yet collecting SS. Last yr (2019) when I used SS Estimator my SS estimate taking SS at 66 was $2707/mo (equal to $2750/mo in 2020 with the 1.6% 2020 inflation increase). When I use SS Estimator today, it shows $2807/mo at 67 . Well less than an 8% increase for waiting one yr. Ot...
by Mitchell777
Sat May 23, 2020 6:03 pm
Forum: Personal Finance (Not Investing)
Topic: The axe falls and I am prepared. What's next?
Replies: 370
Views: 31281

Re: The axe falls and I am prepared. What's next?

I am sorry to hear of your job loss. Having been through it I know it can be very difficult. Financially, you will probably be fine whichever path you choose. Having said that, personally I feel very uncertain about what the future holds for our financial lives. I would probably keep working at leas...
by Mitchell777
Sat May 16, 2020 6:59 pm
Forum: Personal Consumer Issues
Topic: How did you feel after giving notice to retire?
Replies: 52
Views: 4439

Re: How did you feel after giving notice to retire?

I did not fret about the money but I did feel separation and loss. I really liked the job, had more authority than in prior jobs, liked the people, could work from home when I wanted but I had an ill parent and I was worn down. Turned out my parent passed after I announced I was leaving. I would ha...
by Mitchell777
Sat May 16, 2020 12:50 pm
Forum: Personal Consumer Issues
Topic: How did you feel after giving notice to retire?
Replies: 52
Views: 4439

Re: How did you feel after giving notice to retire?

I did not fret about the money but I did feel separation and loss. I really liked the job, had more authority than in prior jobs, liked the people, could work from home when I wanted but I had an ill parent and I was worn down. Turned out my parent passed after I announced I was leaving. I would hav...
by Mitchell777
Fri May 15, 2020 9:37 am
Forum: Personal Finance (Not Investing)
Topic: Mystery bill from dentist
Replies: 47
Views: 3265

Re: Mystery bill from dentist

Was this $7K to implant one front tooth?
by Mitchell777
Wed May 13, 2020 6:26 pm
Forum: Personal Consumer Issues
Topic: What Blood Pressure monitor?
Replies: 13
Views: 829

Re: What Blood Pressure monitor?

I bought an Omron three years ago at CVS for $95.00. I later found out it was two years old when I bought it. It worked fine for three years. Then constant error messages. I sent it back, at my expense, and they repaired it. In the meantime I bought a Rite Aid model on Amazon for $35.00 (someone in ...
by Mitchell777
Sun May 10, 2020 1:19 pm
Forum: Personal Consumer Issues
Topic: Got divorced how to get most value for exes wedding ring
Replies: 42
Views: 5175

Re: Got divorced how to get most value for exes wedding ring

I had two diamond rings that my grandmother bought at a jewelry store circa 1950 for a bit less than $300 each. I had no idea how to value or sell them so I had them appraised by a jeweler, who I told I would not sell them to, for $4K for both. That is an insurance value so I knew I would not get ne...
by Mitchell777
Wed Apr 29, 2020 5:36 pm
Forum: Personal Investments
Topic: Parents cash at Vanguard
Replies: 29
Views: 2853

Re: Parents cash at Vanguard

Kevin - Thanks, you're always so thorough. I may also ask Vanguard about wiring the money as I can do that at no charge.
by Mitchell777
Wed Apr 29, 2020 10:11 am
Forum: Personal Investments
Topic: Parents cash at Vanguard
Replies: 29
Views: 2853

Re: Parents cash at Vanguard

I have the same concerns as the OP moving money to a new bank. I'm getting old. But, I'm getting over it by looking at the MM rates and I do transfer money now between VG and my local bank. So, if I want to open a account at Ally: 1) Someone said money can be transferred directly from VG MM to Ally ...
by Mitchell777
Thu Apr 23, 2020 5:08 pm
Forum: Personal Consumer Issues
Topic: Sidewalk situation
Replies: 33
Views: 2240

Re: Sidewalk situation

Areas differ. I'd suggest keep trying to find the correct person or agency to help you. I do not like to get into neighborhood disagreements so I ask one time very nicely and if I get the response you do I take it to the law.
by Mitchell777
Thu Apr 23, 2020 9:33 am
Forum: Personal Finance (Not Investing)
Topic: Medicare Premium Questions
Replies: 18
Views: 1288

Re: Medicare Premium Questions

They look back two years so it impacts just one year. There is a form to waive the IRMAA (SSA-44) as I recall) but I'm not sure you would get it waived as it (selling stock) was not a life changing event. Read the instructions on line.
by Mitchell777
Sat Apr 04, 2020 8:08 am
Forum: Personal Consumer Issues
Topic: Are you still going to the grocery store or using a delivery service? Which?
Replies: 329
Views: 24511

Re: Are you still going to the grocery store or using a delivery service? Which?

I shopped this morning during the early morning senior hour (60+). First time in two weeks. Got 80% of what I wanted. Harder to stay six feet away this time vs two weeks ago. Quite a few couples, healthy looking folks, shopping together. Made it more difficult to stay six feet away as they stand on ...
by Mitchell777
Wed Mar 25, 2020 10:15 am
Forum: Personal Consumer Issues
Topic: Are you still going to the grocery store or using a delivery service? Which?
Replies: 329
Views: 24511

Re: Are you still going to the grocery store or using a delivery service? Which?

I tried curb-side p/u for the first time. 75% of the items were out of stock when I got there and they were the most important items (meat/poultry/fresh fruit and veg, frozen fruit etc). They do not provide any info ahead of the p/u and are not allowing substitutions at this time. I went into the st...
by Mitchell777
Mon Mar 23, 2020 8:43 am
Forum: Investing - Theory, News & General
Topic: Federal Estimated Tax Payments
Replies: 6
Views: 530

Federal Estimated Tax Payments

It's my understanding from the IRS site that individual estimated tax payment due April 15 is now due July 15. There has been no mention of when the June 15 estimated tax payment is due. My state has delayed both the April and June payments until July 15, but it appears the federal has not. I'm reti...
by Mitchell777
Fri Mar 20, 2020 5:00 pm
Forum: Personal Consumer Issues
Topic: What frugal thing did you do today?
Replies: 1477
Views: 170702

Re: What frugal thing did you do today?

I didn't leave the house ...
by Mitchell777
Wed Mar 18, 2020 6:10 am
Forum: Personal Finance (Not Investing)
Topic: Stimulus Checks - Best way to use to help economy?
Replies: 2
Views: 622

Re: Stimulus Checks - Best way to use to help economy?

Not sure yet but if I receive a check, and I don't need one at this point, I'm thinking of ordering take out from the small family restaurant I frequent. It will help some of the employees and perhaps the business survives but I have my doubts.
by Mitchell777
Wed Mar 11, 2020 4:10 pm
Forum: Personal Finance (Not Investing)
Topic: ChexSystem freeze - never got a PIN number
Replies: 5
Views: 271

Re: ChexSystem freeze - never got a PIN number

I believe the 1-800-513-7125 number is the one I used. They never sent me a pin. Then when I realized it, I called and they said they would send another. They did not. Then called again and three times a charm but I missed out on an expiring opportunity that required a credit check through them.
by Mitchell777
Mon Mar 09, 2020 3:58 pm
Forum: Personal Investments
Topic: Tax Loss Harvest Question
Replies: 3
Views: 239

Re: Tax Loss Harvest Question

I’ve done very little Tax Loss Harvesting. I bought VSS (Small/Mid Blend Int’l) less than one year ago. It is down ~ $14K at the moment (ST CG loss). I am thinking of selling it and using the proceeds to immediately buying VTRIX (Large Value Int’l) in either my taxable or IRA account. I do not thin...
by Mitchell777
Mon Mar 09, 2020 2:50 pm
Forum: Personal Investments
Topic: Tax Loss Harvest Question
Replies: 3
Views: 239

Tax Loss Harvest Question

I’ve done very little Tax Loss Harvesting. I bought VSS (Small/Mid Blend Int’l) less than one year ago. It is down ~ $14K at the moment (ST CG loss). I am thinking of selling it and using the proceeds to immediately buying VTRIX (Large Value Int’l) in either my taxable or IRA account. I do not think...
by Mitchell777
Mon Jan 27, 2020 5:47 am
Forum: Personal Consumer Issues
Topic: Trying to downsize but still too much stuff
Replies: 62
Views: 8038

Re: Trying to downsize but still too much stuff

I found this process to be an eye opener. The things I thought had value often did not. The beautiful old organ that I thought had to be worth $500. By the time I did all the research I had to pay someone to haul it away. The records from the 60's that had rarely been played. After all the research ...
by Mitchell777
Sat Jan 25, 2020 6:04 am
Forum: Personal Finance (Not Investing)
Topic: Should I get annual termite inspections of my home?
Replies: 32
Views: 2519

Re: Should I get annual termite inspections of my home?

I did not realize I had termites until I had the kitchen flooring replaced. There were two small spots, both at places which could have gotten wet over the years. I had the entire house and garage remediated. They came for a year or two after to check if termites returned (no charge). All they did w...
by Mitchell777
Fri Jan 24, 2020 4:17 pm
Forum: US Chapters
Topic: Happy Birthday Taylor! 96 years young!
Replies: 139
Views: 4104

Re: Happy Birthday Taylor! 96 years young!

Taylor - Happy Birthday. Thanks for the advise over the years. Also, thanks for the humor. You've made me laugh more than a few times
by Mitchell777
Fri Jan 17, 2020 10:35 am
Forum: Personal Finance (Not Investing)
Topic: bank as executor--your thoughts?
Replies: 52
Views: 15088

Re: bank as executor--your thoughts?

BSteiner - Thanks. I thought of using my estate attorney as executor. He has said he does not really like to do it but he has for a few people with no relatives. Concern is he is my age and I do not really know his partner who is younger. He handled my mother's small estate of only $60K (no house) f...
by Mitchell777
Thu Jan 16, 2020 7:20 pm
Forum: Personal Finance (Not Investing)
Topic: bank as executor--your thoughts?
Replies: 52
Views: 15088

Re: bank as executor--your thoughts?

Also, if you used a revocable living trust you would essentially eliminate the duties of the executor and thereby solve your problem. This would be the better alternative in my view." Bruce Is this correct in all states re the revocable living trust? I am in PA. I had a quote from a local bank of e...
by Mitchell777
Sat Jan 04, 2020 4:04 pm
Forum: Personal Finance (Not Investing)
Topic: Best CD rates thread
Replies: 711
Views: 94490

Re: Best CD rates thread

I've read many of the comments regarding transferring funds to open a CD when you live outside the geographic area of the CU offering the CD. Generally, if the out of your area CU offering the CD is part of Shared Branching, and you are a member of a local CU in Shared Branching, can you open the C...
by Mitchell777
Fri Jan 03, 2020 5:25 am
Forum: Personal Finance (Not Investing)
Topic: Best CD rates thread
Replies: 711
Views: 94490

Re: Best CD rates thread

I've read many of the comments regarding transferring funds to open a CD when you live outside the geographic area of the CU offering the CD. Generally, if the out of your area CU offering the CD is part of Shared Branching, and you are a member of a local CU in Shared Branching, can you open the CD...
by Mitchell777
Wed Jan 01, 2020 4:39 pm
Forum: Personal Finance (Not Investing)
Topic: Strategies for Dealing with A Job Layoff
Replies: 28
Views: 2193

Re: Strategies for Dealing with A Job Layoff

I went through this in mid career due to a large downsizing. Company provided a few months of assistance from a firm brought in for large downsizings. I still recall the first question they asked in one on one interviews. It was how long can you live on the savings you have. I was frozen for a momen...
by Mitchell777
Sun Dec 22, 2019 7:34 am
Forum: Investing - Theory, News & General
Topic: You’re never going to make enough money if you have 40% of your money in bonds
Replies: 186
Views: 17423

Re: You’re never going to make enough money if you have 40% of your money in bonds

One of my investing regrets is not having more money in equities when I was younger. I did not grow up in an environment where people had much in equities, or much money to invest period, and so I was risk averse. I did not get to 50% until just before the market crashed 2008 or so. But it came back...
by Mitchell777
Wed Dec 11, 2019 3:06 pm
Forum: Personal Investments
Topic: IRMAA brackets?
Replies: 87
Views: 5937

Re: IRMAA brackets?

You will not know the 2021 brackets until late 2020 and they will apply to 2019 MAGI.
by Mitchell777
Tue Nov 26, 2019 11:15 am
Forum: Personal Consumer Issues
Topic: Nursing home <$10K in NJ/PA
Replies: 21
Views: 3121

Re: Nursing home <$10K in NJ/PA

Keep in mind one of the most important things, if at all possible, is choosing a facility where family can visit regularly. Of course visit, research and ask questions. Having said that, what you will see during a visit is a snapshot. The care can change dramatically when a shift changes and a new C...
by Mitchell777
Tue Nov 19, 2019 8:52 am
Forum: Personal Consumer Issues
Topic: Nursing home <$10K in NJ/PA
Replies: 21
Views: 3121

Re: Nursing home <$10K in NJ/PA

It may be difficult in PA to locate a decent facility at that price. We were paying over $11K per month, and ours is not a high COL area, and that was three years ago. The other two locations our attorney suggested were about the same price. If you think you will run out of money find a place that w...
by Mitchell777
Tue Nov 12, 2019 2:34 pm
Forum: Personal Finance (Not Investing)
Topic: Has anyone been retro billed for IRMAA?
Replies: 7
Views: 739

Re: Has anyone been retro billed for IRMAA?

Cas thank you so much for those insights. I guess I'll need to set aside a few hours on hold to talk to SS. Not sure how I'll explain this to the customer service rep (or go back to the office but they were not very efficient) because I had to read the letters about six times before I understood it ...
by Mitchell777
Tue Nov 12, 2019 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: Has anyone been retro billed for IRMAA?
Replies: 7
Views: 739

Re: Has anyone been retro billed for IRMAA?

The way I understand it, the 2017 and 2018 MAGIs do not affect a person's cost for Medicare in 2018. They would affect 2019 and 2020. Sounds like a mistake or misunderstanding to me. Could there have been some 2016 income that you forgot about? That's similar to how I thought it worked. The one tha...
by Mitchell777
Mon Nov 11, 2019 7:14 am
Forum: Personal Finance (Not Investing)
Topic: Has anyone been retro billed for IRMAA?
Replies: 7
Views: 739

Has anyone been retro billed for IRMAA?

I asked a similar question before but I made it too confusing. Has anyone been retro billed for IRMAA for any reason? Just ONE example: You did not pay IRMAA for 2018 because your 2016 MAGI was too low. Then your ACTUAL MAGI for either 2017 or 2018 put you over the IRMAA threshold and Medicare/SS re...
by Mitchell777
Sun Nov 10, 2019 11:42 am
Forum: Personal Finance (Not Investing)
Topic: Cashing EE bonds
Replies: 12
Views: 728

Re: Cashing EE bonds

I had the same concern a few years ago. Had many years of EE bonds that were just starting to mature each month. For me, it did not turn out to be the hassle I thought it would be cashing one each month at my bank. At first it seemed like the tellers were not very efficient cashing them but as they ...
by Mitchell777
Sat Nov 09, 2019 4:46 am
Forum: Personal Consumer Issues
Topic: CPO BMW 5 Series
Replies: 21
Views: 2287

Re: CPO BMW 5 Series

I'm not familiar with dealer buyback. Is it the same as a manufacturer buyback? Where the original customer felt something was wrong with the car.
by Mitchell777
Fri Nov 08, 2019 4:17 pm
Forum: Personal Finance (Not Investing)
Topic: IRMAA Retro Billing for 2018 and 2019
Replies: 3
Views: 508

Re: IRMAA Retro Billing for 2018 and 2019

Thought I understood how IRMAA works but guess I do not. 2016: Worked all year – MAGI < $85K (single) excl wages 2017: Retired 3/31 – MAGI < $85K (single) excl wages (went onto COBRA until Oct 2018, then Medicare) 2018: MAGI > $107K threshold (single) due to unexpected large CG distributions For 20...
by Mitchell777
Fri Nov 08, 2019 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: IRMAA Retro Billing for 2018 and 2019
Replies: 3
Views: 508

IRMAA Retro Billing for 2018 and 2019

Thought I understood how IRMAA works but guess I do not. 2016: Worked all year – MAGI < $85K (single) excl wages 2017: Retired 3/31 – MAGI < $85K (single) excl wages (went onto COBRA until Oct 2018, then Medicare) 2018: MAGI > $107K threshold (single) due to unexpected large CG distributions For 201...
by Mitchell777
Mon Nov 04, 2019 5:47 am
Forum: Personal Finance (Not Investing)
Topic: Best CD rates thread
Replies: 711
Views: 94490

Re: Best CD rates thread

Why does a local CU like PSECU want a lot of money from outside their area or state? IN PA I'm used to seeing CU's that limit money to their counties of operation. They know most of that money will leave in two or three years unless they offer another rate well above the norm. I understand it with n...
by Mitchell777
Wed Oct 16, 2019 5:32 pm
Forum: Personal Finance (Not Investing)
Topic: from a Community Foundation or my own checkbook
Replies: 9
Views: 779

Re: from a Community Foundation or my own checkbook

My estate documents are set up to provide annual scholarships through two local schools. The attorneys in my area seem to be suggesting it be administered by the local Community Foundation. I recently learned they charge a 2% annual admin fee to do this. They charge 1.75% if the schools choose the s...
by Mitchell777
Tue Oct 15, 2019 5:24 pm
Forum: Personal Consumer Issues
Topic: coin collection - sell or keep?
Replies: 17
Views: 2671

Re: coin collection - sell or keep?

If you have a local auction house that auctions coins they may publish the prices from past auctions. I've seen the prices broken out by lot (wheat pennies, Kennedy Halves etc) so it was easy to see what the prices were and the size of the lot and the range of years. Of course that is before auction...
by Mitchell777
Tue Oct 08, 2019 5:00 pm
Forum: Personal Finance (Not Investing)
Topic: Best CD rates thread
Replies: 711
Views: 94490

Re: Best CD rates thread

In addition to a hard pull at Experian, it's a hard pull at ChexSystems.
by Mitchell777
Fri Sep 13, 2019 1:37 pm
Forum: Personal Investments
Topic: Credit check to join credit union
Replies: 9
Views: 1155

Re: Credit check to join credit union

It's been my experience that to have any sort of account (CD, credit card, etc) at a Credit Union, first you need to "join" and have a $5 savings account opened. They have every right to their own rules! It was simply a question regarding what others have experienced, as doing a hard pull, that can...
by Mitchell777
Thu Sep 12, 2019 6:00 pm
Forum: Personal Investments
Topic: Credit check to join credit union
Replies: 9
Views: 1155

Credit check to join credit union

In late 2017 I froze my credit at the major five agencies. Since then I have opened CD's at both banks and credit unions I had not joined or used in the past. I did not need to temporarily lift the freeze. Maybe they did a soft pull. I have now tried to join a new credit union who insists on doing t...
by Mitchell777
Sun Sep 08, 2019 5:29 pm
Forum: Personal Investments
Topic: Selling Treasury Note
Replies: 6
Views: 775

Re: Selling Treasury Note

Yes, thanks, the Treasury is outside of my IRA and the CD would be at local bank or CU