Search found 212 matches

by kmurp
Tue Jul 25, 2017 4:15 am
Forum: Personal Consumer Issues
Topic: College student daughter got her car totaled. Advice?
Replies: 30
Views: 1963

Re: College student daughter got her car totaled. Advice?

A used Toyota RAV4 is a very good option. My daughter has been driving a 2006 model for a number of years and I really like it. Two things on this car though. 2006-2008 engines may have an oil consumption issue. After 2008 they got a different engine so I'd look for a 2009. Also, the earlier models ...
by kmurp
Fri Jul 21, 2017 9:52 am
Forum: Personal Finance (Not Investing)
Topic: Is it still worth buying a house in a state with insane property taxes
Replies: 62
Views: 5722

Re: Is it still worth buying a house in a state with insane property taxes

Try living in Texas where property taxes in Dallas are 2.75% of "assessed" value, which is pretty much pulled out of thin air but always increases by mid to high single digits every year. That's almost exactly where we are as a percentage but in upstate NY where there's an income tax as w...
by kmurp
Fri Jul 21, 2017 9:17 am
Forum: Personal Finance (Not Investing)
Topic: Is it still worth buying a house in a state with insane property taxes
Replies: 62
Views: 5722

Re: Is it still worth buying a house in a state with insane property taxes

When people refer to property taxes, does that include school taxes as well? Where I live these are separate bills six months apart.
by kmurp
Thu Jul 13, 2017 6:07 pm
Forum: Personal Consumer Issues
Topic: Personal liability insurance in retirement
Replies: 24
Views: 2120

Re: Personal liability insurance in retirement

That is a great rate for 5 mill. I pay that much for 1million.
by kmurp
Wed Jul 05, 2017 12:25 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare Supplement Policies?
Replies: 56
Views: 4093

Re: Medicare Supplement Policies?

Aren't Medicare advantage policies much cheaper than medigap?
by kmurp
Mon Jun 05, 2017 6:05 am
Forum: Personal Consumer Issues
Topic: Article: Compare ROI of college education vs S&P500
Replies: 52
Views: 2773

Re: Article: Compare ROI of college education vs S&P500

I wonder what the numbers would have looked like in 2009.
by kmurp
Fri Jun 02, 2017 2:14 pm
Forum: Personal Consumer Issues
Topic: Novice for Southwest Companion Pass - Questions
Replies: 11
Views: 785

Re: Novice for Southwest Companion Pass - Questions

Wow, a lot of good info that I didn't know.
by kmurp
Fri Jun 02, 2017 10:59 am
Forum: Personal Consumer Issues
Topic: Novice for Southwest Companion Pass - Questions
Replies: 11
Views: 785

Re: Novice for Southwest Companion Pass - Questions

My understanding is you need to spend 110k in a calendar year on the card to get companion. I don't think sign up points count towards that.
by kmurp
Tue May 23, 2017 4:13 pm
Forum: Investing - Help with Personal Investments
Topic: New to the forum and retiring this fall
Replies: 55
Views: 5633

Re: New to the forum and retiring this fall

We'll that pension alone is worth millions so, provided your expenses are at or below that figure you could do pretty much anything you want for asset allocation with your other funds. If the pension is non cola, I imagine it would be smart to at least have a decent amount of stock exposure to make ...
by kmurp
Sat May 13, 2017 8:05 am
Forum: Personal Finance (Not Investing)
Topic: My plan to use policy loans to fund first five years of retirement
Replies: 61
Views: 3934

Re: My plan to use policy loans to fund first five years of retirement

Just to give you all an idea of the hard numbers. One policy I've had for 26 years. If I die today, the amount of the death benefit would represent a 9% annualized increase, all tax free. Actually more than that if you subtract the term premiums that would have been in place in the absence of the p...
by kmurp
Fri May 05, 2017 4:16 am
Forum: Investing - Help with Personal Investments
Topic: What to do with inheritance
Replies: 37
Views: 3687

Re: What to do with inheritance

I'm no expert but I believe that it's important to re title an inherited IRA with specific language to allow withdrawals to be spread out in a maximum time frame. Google that but I believe it goes something like "John Smith, IRA (deceased on May 21, 2007) F/B/O John Smith Jr., beneficiary"...
by kmurp
Fri May 05, 2017 4:09 am
Forum: Investing - Help with Personal Investments
Topic: What to do with inheritance
Replies: 37
Views: 3687

Re: What to do with inheritance

I'm no expert but I believe that it's important to re title an inherited IRA with specific language to allow withdrawals to be spread out in a maximum time frame. Google that but I believe it goes something like "John Smith, IRA (deceased on May 21, 2007) F/B/O John Smith Jr., beneficiary"...
by kmurp
Thu May 04, 2017 2:03 pm
Forum: Personal Finance (Not Investing)
Topic: How much would you save if you don't have insurance?
Replies: 32
Views: 2475

Re: How much would you save if you don't have insurance?

If there were no Medicare I think the health system (hospitals) would collapse at this point.
by kmurp
Wed Apr 26, 2017 6:17 pm
Forum: Personal Consumer Issues
Topic: Doctor bill question
Replies: 29
Views: 2131

Re: Doctor bill question

Don't know for primary care but for my area the billing codes differ if it's just a nurse, a nurse directed by a doc or just a doc alone. That said , payment is exactly the same in all three situations.
by kmurp
Wed Apr 26, 2017 7:33 am
Forum: Investing - Help with Personal Investments
Topic: Help with Retirement Plan
Replies: 14
Views: 1499

Re: Help with Retirement Plan

calliecake47 wrote:Thanks for all the responses. I did make a typo in the post though. I mistakenly put that we planned a 100k withdrawal, but it should say at least 150k. I just wanted to correct that for any responses going forward.

That's 150k withdrawal or $150k spending? Make sure you ballpark your taxes.
by kmurp
Mon Apr 24, 2017 11:25 am
Forum: Personal Consumer Issues
Topic: Cost of Estate Planning
Replies: 33
Views: 4347

Re: Cost of Estate Planning

Just did it. $1500
by kmurp
Sat Apr 22, 2017 5:34 am
Forum: Personal Consumer Issues
Topic: 2017 Mazda CX-5 vs. 2017 Honda CRV
Replies: 17
Views: 3119

Re: 2017 Mazda CX-5 vs. 2017 Honda CRV

We have the prior generation crv. We picked it primarily due to the large cargo volume which really comes in handy for us ( it replaced a minivan). If that's important to you, go crv. If not, pick the one you like. As an aside, rented a Mazda 3 for a week recently in California and it was a much nic...
by kmurp
Mon Apr 17, 2017 9:15 am
Forum: Personal Consumer Issues
Topic: Home Insurance Premium - How to decrease.
Replies: 41
Views: 4073

Re: Home Insurance Premium - How to decrease.

$1100 on a 500k home seems pretty reasonable. I pay that much for a 300k home after shopping around last year and switching everything from Geico to Liberty Mutual.
by kmurp
Sun Apr 16, 2017 5:07 am
Forum: Personal Consumer Issues
Topic: Insurance, doctors and writing off owed money
Replies: 21
Views: 1996

Re: Insurance, doctors and writing off owed money

I believe that the doctor is taking a risk with the insurance company by not pursuing the bill as he is contracted with them to do so. Medicare, for example, frowns on this.
by kmurp
Thu Apr 13, 2017 4:54 pm
Forum: Investing - Help with Personal Investments
Topic: 529/son got accepted to medical school whahoooo!
Replies: 30
Views: 3577

Re: 529/son got accepted to medical school whahoooo!

Put it in bonds or an age based fund if they have it.
by kmurp
Tue Apr 04, 2017 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: Advice needed Gifting a car to a daughter who is moving out of state
Replies: 12
Views: 760

Re: Advice needed Gifting a car to a daughter who is moving out of state

She will need insurance as well. When I did this last year (ny to mass), we had to take her off our family policy and she had to get her own mass based policy.
by kmurp
Fri Mar 31, 2017 7:59 am
Forum: Personal Consumer Issues
Topic: Health Insurance two states NY and NM
Replies: 8
Views: 777

Re: Health Insurance two states NY and NM

Agree on the PPO. Our plan is with a local non profit insurer in upstate ny but our plan has a national network rider that is widely accepted. I know it's accepted in Boston where my daughter lives (she's on our plan).
by kmurp
Mon Mar 27, 2017 7:56 pm
Forum: Personal Finance (Not Investing)
Topic: NYS medicaid Pre 65 - no asset test?
Replies: 17
Views: 1196

Re: NYS medicaid Pre 65 - no asset test?

In my area of upstate NY we have a very strong locally run Medicaid managed care program. I don't think getting care is a problem at all around here. We are in an area that's large for this region. Plenty of docs to see. Most hospitals own medical practices and all of those accept Medicaid.
by kmurp
Sun Mar 26, 2017 8:40 am
Forum: Personal Consumer Issues
Topic: thoughts on in-ceiling speakers?
Replies: 48
Views: 3537

Re: thoughts on in-ceiling speakers?

Our in ceiling speakers stopped working maybe five years after installation. Would never do it again.
by kmurp
Wed Mar 22, 2017 6:05 pm
Forum: Personal Finance (Not Investing)
Topic: Gross Yearly Income needed in Retirement (Speculation)
Replies: 194
Views: 22398

Re: Gross Yearly Income needed in Retirement (Speculation)

Just started tracking expenses but I hope to have post tax around 37% of my current gross income.
by kmurp
Mon Mar 20, 2017 8:45 am
Forum: Investing - Help with Personal Investments
Topic: Getting company to change 401k custodian
Replies: 15
Views: 965

Re: Getting company to change 401k custodian

Likely it's the plan advisor who may be working under an AUM model. It would be interesting to find out which level of fiduciary responsibility they are operating under. The best bet would be to lobby for a three fund portfolio to be added. I would not accept high ER index funds. Try to find out who...
by kmurp
Wed Mar 15, 2017 4:16 pm
Forum: Investing - Help with Personal Investments
Topic: Help with measly 401k options
Replies: 9
Views: 575

Re: Help with measly 401k options

I didn't know retirement accounts used class C shares of mutual funds. I'd use the index fund.
by kmurp
Wed Mar 15, 2017 7:37 am
Forum: Personal Consumer Issues
Topic: What to do with all these passwords ?
Replies: 125
Views: 11041

Re: What to do with all these passwords ?

So with 1password: if the passwords are not stored in the cloud, how do you access them from your iPhone /iPad ? Also, does it work with stand alone apps or just browsers?
I'm using apple keychain at the moment.
by kmurp
Tue Mar 14, 2017 7:57 am
Forum: Investing - Help with Personal Investments
Topic: Is the Vanguard Balanced Index Fund all you need?
Replies: 58
Views: 9559

Re: Is the Vanguard Balanced Index Fund all you need?

I think this fund or something similar with a lower equity exposure. I know from experience that I too often don't rebalance.
by kmurp
Sun Mar 12, 2017 2:06 pm
Forum: Personal Consumer Issues
Topic: 2017 Honda CRV: anyone shopping or buying?
Replies: 26
Views: 3791

Re: 2017 Honda CRV: anyone shopping or buying?

We have a 2012 crv. The main reason we picked it is that it had the largest cargo capacity in its class. If the new one is still the largest in that area, that can be an important consideration for some people.
by kmurp
Sat Mar 11, 2017 7:24 am
Forum: Investing - Theory, News & General
Topic: On Buying Used Cars and Using a Financial Advisor
Replies: 51
Views: 3814

Re: On Buying Used Cars and Using a Financial Advisor

I do not use a paid advisor though I do check in once a year or so for a discussion with Lincoln Financial who runs the retirement program where I work and with an advisor from TIAA where I have funds from a previous retirement plan. There is no charge for reviewing my situation with Lincoln or TIA...
by kmurp
Sat Mar 11, 2017 7:17 am
Forum: Investing - Help with Personal Investments
Topic: AQR in 401k
Replies: 4
Views: 429

Re: AQR in 401k

There are many of us who invest heavily with AQR. It all comes down to whether you understand the value they provide. Which I don't really. Which is why I'm asking. I'm just looking for a non correlated asset category that wouldn't violate my fiduciary responsibility and would add value to our part...
by kmurp
Sat Mar 11, 2017 12:46 am
Forum: Investing - Help with Personal Investments
Topic: AQR in 401k
Replies: 4
Views: 429

AQR in 401k

I am one of the trustees of our small company 401k. I believe that we have access to AQR through our platform but we do not currently use any of their funds in our menu. I don't know if the minimum investment available to us is practical either as I've not investigated that. That said, is there an A...
by kmurp
Thu Mar 09, 2017 10:39 am
Forum: Personal Finance (Not Investing)
Topic: Physician Retirement Savings
Replies: 277
Views: 44692

Re: Physician Retirement Savings

Honestly, when I started out, I had no idea of what my $ goal should be. I was unaware of any calculator that would figure that out based on my then income. As an aside I have never come close in inflation adjusted income to many of the people posting here and as my income is higher over the past fi...
by kmurp
Tue Mar 07, 2017 7:54 pm
Forum: Personal Finance (Not Investing)
Topic: GEICO auto rates vs. USAA: too good to be true?
Replies: 131
Views: 12768

Re: GEICO auto rates vs. USAA: too good to be true?

Longtime Geico customer who switched to Liberty Mutual last year. I did so because I'm saving $ over Geico. As was stated earlier, shop your policies around every few years. It is a pain though with homeowners and umbrella to do as a package.
by kmurp
Tue Mar 07, 2017 11:35 am
Forum: Personal Finance (Not Investing)
Topic: Searched forum, unsuccessful, how to find doctors who take Medicare
Replies: 62
Views: 3619

Re: Searched forum, unsuccessful, how to find doctors who take Medicsre

Many hospitals employ physicians. Call your local hospitals for access.
by kmurp
Tue Mar 07, 2017 11:30 am
Forum: Personal Finance (Not Investing)
Topic: At what age did you drop life and disability insurance?
Replies: 56
Views: 4129

Re: At what age did you drop life and disability insurance?

I'm 59 and haven't dropped anything. Level term policy expires at 65 so I will end it then. Will pay for disability with post tax $ for the first time this year.
by kmurp
Mon Mar 06, 2017 6:20 am
Forum: Investing - Help with Personal Investments
Topic: Think I'm ready, but not overly confident
Replies: 28
Views: 3086

Re: Think I'm ready, but not overly confident

Perhaps you should change your asset allocation in your tax deferred accounts to something more conservative that will be appropriate. Vanguard adds tips to its target retirement funds (I believe ) at your age which would help with your inflation fears. As to Roth conversions , if it were me, I woul...
by kmurp
Sun Mar 05, 2017 4:49 pm
Forum: Investing - Help with Personal Investments
Topic: Think I'm ready, but not overly confident
Replies: 28
Views: 3086

Re: Think I'm ready, but not overly confident

As your expenses will be covered by pension/SS, I imagine that I'm not the only one wondering what exactly is your source of uncertainty.
by kmurp
Fri Mar 03, 2017 3:28 pm
Forum: Investing - Help with Personal Investments
Topic: Single-Payment Annuities
Replies: 11
Views: 1096

Re: Single-Payment Annuities

The 5 year period certain annuity at immediate annuities.com says it only pays for 5 years. Quote: "A 5 Year Period Certain annuity pays income for 5 years. It does not pay for your lifetime. If you die during the 5 year period, your beneficiaries receive this income for the remainder of the te...
by kmurp
Tue Feb 28, 2017 10:15 pm
Forum: Personal Finance (Not Investing)
Topic: Pulling the trigger on new minivan or wait?
Replies: 29
Views: 1881

Re: Pulling the trigger on new minivan or wait?

Get the new car. Quit driving your kids around in something that's falling apart.
by kmurp
Fri Feb 24, 2017 2:05 pm
Forum: Personal Finance (Not Investing)
Topic: Selling inherited stocks question, cost basis??
Replies: 10
Views: 882

Re: Selling inherited stocks question, cost basis??

I believe it's the value on the date of death that is used as the cost basis.
by kmurp
Fri Feb 24, 2017 1:06 pm
Forum: Investing - Theory, News & General
Topic: new study on Investor behavior being disconnected from financial theory and reality
Replies: 89
Views: 6524

Re: new study on Investor behavior being disconnected from financial theory and reality

Cycling duo It's truly one of the great puzzles in finance, why people prefer dividends, which is why there are so many papers on the subject, yet no matter how much we try to educate people many cannot overcome their framing problems/biases. Larry We just inherited a portfolio from one parent fill...
by kmurp
Fri Feb 24, 2017 1:02 pm
Forum: Investing - Help with Personal Investments
Topic: Just opened my Vanguard account
Replies: 7
Views: 897

Re: Just opened my Vanguard account

I'm in a similar boat at the OP but with a different short term saving goal. I opened a vanguard account and purchased CDs therefor the majority of the funds with a small amount in a limited term bond fund. So I basically agree with the CD strategy above.
by kmurp
Thu Feb 23, 2017 6:52 am
Forum: Investing - Theory, News & General
Topic: Market Run Ups - Now vs. Then
Replies: 88
Views: 7082

Re: Market Run Ups - Now vs. Then

Feels the same to me. Like you, I'm better diversified than I was in 2000. That said, whenever I have started to feel more secure with my portfolio in the past (1999 and 2007), and have at the same time felt some regret at missing out on some of the run up , we were at a top. All this early retireme...
by kmurp
Wed Feb 22, 2017 2:17 pm
Forum: Investing - Help with Personal Investments
Topic: Open vanguard CD Order
Replies: 29
Views: 1924

Re: Open vanguard CD Order

So I assume from the subsequent posts that you must be buying new issue CDs? Secondary CDs should still fill promptly, because otherwise the offer may not be there. I've never purchased a new issue CD. I'm specifically not buying large round numbers, so there are always better deals in the secondar...
by kmurp
Wed Feb 22, 2017 2:02 pm
Forum: Investing - Help with Personal Investments
Topic: Open vanguard CD Order
Replies: 29
Views: 1924

Re: Open vanguard CD Order

Ok thanks. I'll wait it out.
by kmurp
Wed Feb 22, 2017 2:01 pm
Forum: Investing - Help with Personal Investments
Topic: Switching from target retirement
Replies: 10
Views: 740

Re: Switching from target retirement

Don't forget to check once a year to rebalance, perhaps to an age appropriate asset mix. You could do this by comparing your mix to a couple of appropriate target retirement funds each year.
by kmurp
Wed Feb 22, 2017 10:37 am
Forum: Personal Finance (Not Investing)
Topic: Real estate vs debt payments
Replies: 34
Views: 2618

Re: Real estate vs debt payments

I would buy it. If nothing else, it will likely be a good investment given a long enough holding period. BTW are you an anesthesiologist?

Go to advanced search