Search found 7445 matches

by delamer
Sat Apr 20, 2019 5:00 pm
Forum: Personal Consumer Issues
Topic: For those who like travel, when did you retire and where are the most exciting places you travelled to?
Replies: 66
Views: 3747

Re: For those who like travel, when did you retire and where are the most exciting places you travelled to?

(I personally didn't experience any 40 minute lines as noted in another post, but that may have been because Viking carries fewer passengers. I will say the Russian customs officials were not a friendly bunch. I speak a little Russian and greeted them each time with a big smile and an appropriate g...
by delamer
Sat Apr 20, 2019 4:14 pm
Forum: Personal Consumer Issues
Topic: For those who like travel, when did you retire and where are the most exciting places you travelled to?
Replies: 66
Views: 3747

Re: For those who like travel, when did you retire and where are the most exciting places you travelled to?

Semi-retired. We were in St. Petersburg (Russia, not Florida) for two days as a cruise port. Fascinating place, if you are interested in history. Also recommend Rome, Italy and London, England for the same reason. I guess that you do not need a visa to visit St. Petersburg. What cruise did you do? ...
by delamer
Sat Apr 20, 2019 4:01 pm
Forum: Personal Consumer Issues
Topic: For those who like travel, when did you retire and where are the most exciting places you travelled to?
Replies: 66
Views: 3747

Re: For those who like travel, when did you retire and where are the most exciting places you travelled to?

Semi-retired. We were in St. Petersburg (Russia, not Florida) for two days as a cruise port. Fascinating place, if you are interested in history. Also recommend Rome, Italy and London, England for the same reason. I guess that you do not need a visa to visit St. Petersburg. What cruise did you do? ...
by delamer
Sat Apr 20, 2019 3:45 pm
Forum: Personal Consumer Issues
Topic: Optimizing credit card airline points
Replies: 60
Views: 1989

Re: Optimizing credit card airline points

But a Qantas card is an option. If you live in the US, it isn’t an option, as far as I know. No bank issues one. But you can either collect points via card from other airlines that partner with Qantas or use flexible bank points “currency” to transfer to a Qantas account. Note also that there are o...
by delamer
Sat Apr 20, 2019 3:42 pm
Forum: Personal Consumer Issues
Topic: Optimizing credit card airline points
Replies: 60
Views: 1989

Re: Optimizing credit card airline points

You don't have to be hardcore about it to get some benefit. I think this is very true and worth repeating. The topic of this thread (and question of the OP) is “optimizing credit card airline points”. Optimization is very difficult and time consuming, but for a lot less effort/time you can improve ...
by delamer
Sat Apr 20, 2019 3:31 pm
Forum: Personal Consumer Issues
Topic: Optimizing credit card airline points
Replies: 60
Views: 1989

Re: Optimizing credit card airline points

From my quick googling, you can book round trip first class seat from LAX to SYD for 140,000 miles from Alaska Airlines. Citi Premier also transfers to Qantas, you might need to open an account to see how many miles you need to book one way ticket from LAX to SYDNEY. Then book the return with Alask...
by delamer
Sat Apr 20, 2019 2:30 pm
Forum: Personal Consumer Issues
Topic: Optimizing credit card airline points
Replies: 60
Views: 1989

Re: Optimizing credit card airline points

Thanks again for all the comments. By “upgrade,” I meant snagging a business class or first class ticket for international travel. It sounds like the best way to do that is to accumulate enough points to purchase such a ticket via points, rather than buying a coach seat and hoping to use points to u...
by delamer
Fri Apr 19, 2019 10:59 pm
Forum: Personal Consumer Issues
Topic: Suitable present for friend's retirement?
Replies: 8
Views: 630

Re: Suitable present for friend's retirement?

Something tennis related?
by delamer
Fri Apr 19, 2019 9:06 pm
Forum: Personal Consumer Issues
Topic: Optimizing credit card airline points
Replies: 60
Views: 1989

Re: Optimizing credit card airline points

However, I am interested in using points to upgrade to Business and First Class, so... Isn't the task of pursuing upgrades (using points) from coach different from the task of pursuing business and first tickets (using points directly)? I don’t know, but if anyone can weigh in on the issue that wou...
by delamer
Fri Apr 19, 2019 9:03 pm
Forum: Personal Consumer Issues
Topic: For those who like travel, when did you retire and where are the most exciting places you travelled to?
Replies: 66
Views: 3747

Re: For those who like travel, when did you retire and where are the most exciting places you travelled to?

Semi-retired. We were in St. Petersburg (Russia, not Florida) for two days as a cruise port. Fascinating place, if you are interested in history. Also recommend Rome, Italy and London, England for the same reason. I guess that you do not need a visa to visit St. Petersburg. What cruise did you do? ...
by delamer
Fri Apr 19, 2019 8:27 pm
Forum: Personal Consumer Issues
Topic: For those who like travel, when did you retire and where are the most exciting places you travelled to?
Replies: 66
Views: 3747

Re: For those who like travel, when did you retire and where are the most exciting places you travelled to?

Semi-retired.

We were in St. Petersburg (Russia, not Florida) for two days as a cruise port.

Fascinating place, if you are interested in history.

Also recommend Rome, Italy and London, England for the same reason.
by delamer
Fri Apr 19, 2019 8:14 pm
Forum: Personal Investments
Topic: Starting daughter's savings plan
Replies: 12
Views: 883

Re: Starting daughter's savings plan

Hello, My 21yr old daughter is finishing her final year at college and will soon start on her path to some sort of employment (fingers crossed and all that.) From time to time whether it's birthday presents, or some grandparents money, she has decided she wants to put these random dollars into a lo...
by delamer
Fri Apr 19, 2019 8:08 pm
Forum: Personal Consumer Issues
Topic: Optimizing credit card airline points
Replies: 60
Views: 1989

Re: Optimizing credit card airline points

I am a retired airline employee married to another retired airline employee. We formerly used each of our airline's credit cards. We dropped them both some years ago as redeeming points became increasingly difficult. My observations: Points are currency. Their value fluctuates. Generally, their val...
by delamer
Fri Apr 19, 2019 7:01 pm
Forum: Personal Consumer Issues
Topic: Optimizing credit card airline points
Replies: 60
Views: 1989

Re: Optimizing credit card airline points

I've been active on FlyerTalk for about ten years. Over that time period I've redeemed over 3 million points and visited >20 countries thanks to those points, all in premium cabins. However, what many at FlyerTalk call "the game" has gotten progressively more complicated over the last few years. Fo...
by delamer
Fri Apr 19, 2019 6:33 pm
Forum: Personal Consumer Issues
Topic: Optimizing credit card airline points
Replies: 60
Views: 1989

Re: Optimizing credit card airline points

Let me approach this from another angle. Let’s say I have a Qantas credit card with 100,000 points. I call Qantas reservations and say I want to fly to Sydney in the first week of December and return 14 days later. Will the reservation agent be able to give me options like “economy will be free, bu...
by delamer
Fri Apr 19, 2019 5:48 pm
Forum: Personal Consumer Issues
Topic: Optimizing credit card airline points
Replies: 60
Views: 1989

Re: Optimizing credit card airline points

Let me approach this from another angle. Let’s say I have a Qantas credit card with 100,000 points. I call Qantas reservations and say I want to fly to Sydney in the first week of December and return 14 days later. Will the reservation agent be able to give me options like “economy will be free, bus...
by delamer
Fri Apr 19, 2019 5:22 pm
Forum: Personal Finance (Not Investing)
Topic: What is the Magic Formula for when One can RETIRE ?
Replies: 20
Views: 2216

Re: What is the Magic Formula for when One can RETIRE ?

No, it isn’t that simple. Your income from stocks/bonds/real estate is highly variable so you could be in a situation where you can cover expenses this month, but not in 6 months. You should become familiar with the concept of a safe withdrawal rate or SWR: https://www.bogleheads.org/wiki/Safe_withd...
by delamer
Fri Apr 19, 2019 5:05 pm
Forum: Personal Consumer Issues
Topic: Optimizing credit card airline points
Replies: 60
Views: 1989

Re: Optimizing credit card airline points

In anticipation of full retirement and more travel, I want to look into getting a couple credit cards in order to accumulate airline points. I doubt that we’ll become frequent fliers, but probably will do one big international trip and one US/Caribbean trip per year. I’d say the main goal is to be ...
by delamer
Fri Apr 19, 2019 4:51 pm
Forum: Personal Consumer Issues
Topic: Optimizing credit card airline points
Replies: 60
Views: 1989

Re: Optimizing credit card airline points

Here’s some reviews of award booking services. https://www.flyertalk.com/forum/travel-tools/1296363-award-booking-services-list-some-reviews-30.html I used pointspros long ago - good service. I’ve used a few others - primarily complex routing in J/F. You can do it yourself with the same tools the s...
by delamer
Fri Apr 19, 2019 4:16 pm
Forum: Personal Consumer Issues
Topic: Optimizing credit card airline points
Replies: 60
Views: 1989

Re: Optimizing credit card airline points

In anticipation of full retirement and more travel, I want to look into getting a couple credit cards in order to accumulate airline points. I doubt that we’ll become frequent fliers, but probably will do one big international trip and one US/Caribbean trip per year. I’d say the main goal is to be ...
by delamer
Fri Apr 19, 2019 3:50 pm
Forum: Personal Consumer Issues
Topic: Optimizing credit card airline points
Replies: 60
Views: 1989

Re: Optimizing credit card airline points

In anticipation of full retirement and more travel, I want to look into getting a couple credit cards in order to accumulate airline points. I doubt that we’ll become frequent fliers, but probably will do one big international trip and one US/Caribbean trip per year. I’d say the main goal is to be ...
by delamer
Fri Apr 19, 2019 3:27 pm
Forum: Personal Consumer Issues
Topic: How far would you commute?
Replies: 72
Views: 2673

Re: How far would you commute?

If you did a trial run with the new commute, would you lose your severance eligibility immediately? What are your options for a decent job closer to home? There was a time when my husband and I both had hour-long commutes. It made me very uncomfortable that both of us were so far from the kids in th...
by delamer
Fri Apr 19, 2019 2:42 pm
Forum: Personal Consumer Issues
Topic: Optimizing credit card airline points
Replies: 60
Views: 1989

Optimizing credit card airline points

In anticipation of full retirement and more travel, I want to look into getting a couple credit cards in order to accumulate airline points. I doubt that we’ll become frequent fliers, but probably will do one big international trip and one US/Caribbean trip per year. I’d say the main goal is to be a...
by delamer
Fri Apr 19, 2019 10:24 am
Forum: Personal Finance (Not Investing)
Topic: Home Purchase Feasibility
Replies: 22
Views: 1115

Re: Home Purchase Feasibility

Mortgaging your parents’ home to buy your own is a really awful idea.

If you have an interruption in income, you’d be putting both families in financial jeopardy.
by delamer
Thu Apr 18, 2019 7:21 pm
Forum: Personal Consumer Issues
Topic: Medicare B only vs FEHB only
Replies: 11
Views: 554

Re: Medicare B only vs FEHB only

I see now. The biggest benefit is that I could retire at 62 instead of 65 without worrying about how to keep health insurance. That’s right. Don’t assume that just because you don’t need Part D now that you won’t in the future. Plus, you do want some kind of supplement to Medicare once you hit age ...
by delamer
Thu Apr 18, 2019 6:56 pm
Forum: Personal Investments
Topic: Passing $$$ to your kids - Options?
Replies: 4
Views: 998

Re: Passing $$$ to your kids - Options?

Does your kid have any earned income? If so, you could contribute to a Roth IRA and then s/he could withdraw the principal from it in the event of a catastrophe — with no taxes due. There also is a tax exception for higher education expenses regarding earnings. But you’d have to have an agreement th...
by delamer
Thu Apr 18, 2019 6:38 pm
Forum: Personal Consumer Issues
Topic: Medicare B only vs FEHB only
Replies: 11
Views: 554

Re: Medicare B only vs FEHB only

The bigger question is whether you plan to retire before you are Medicare-eligible.

FEHB is invaluable in that case.
by delamer
Wed Apr 17, 2019 8:55 pm
Forum: Personal Investments
Topic: Re-balancing "organically"
Replies: 12
Views: 1259

Re: Re-balancing "organically"

If you have substantial retirement savings in a taxable account, it can get complicated to rebalance due to tax considerations.
by delamer
Wed Apr 17, 2019 8:49 pm
Forum: Personal Investments
Topic: Capital Gains and Long Term Stock Holdings
Replies: 12
Views: 715

Re: Capital Gains and Long Term Stock Holdings

While in most cases there’s a step-up in the basis at the time of death, that is not always the case. If the assets were held in certain types of trusts, there would not be a step up. The attorney who handled your father’s estate should be able to provide information regarding any trusts and the ste...
by delamer
Wed Apr 17, 2019 8:37 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security - How Secure?
Replies: 28
Views: 1453

Re: Social Security - How Secure?

Everyone is expecting approximately a 25% discount to social security in its current form is nothing is done. However,what are the odds of not dying before reaching age 70? I am wondering if there is a statistic kept by SSA somewhere that shows how many people who were eligible for social security ...
by delamer
Wed Apr 17, 2019 6:35 pm
Forum: Personal Consumer Issues
Topic: Luxury car recommendations?
Replies: 90
Views: 6452

Re: Luxury car recommendations?

Also, NEVER buy a used luxury car. you'll be burned badly i guarantee. This simply is not true. We have owned several used luxury cars, and have been very happy with them with one exception. And the exception was the squeaky brake problem that did not affect the car’s drivability or maintenance cos...
by delamer
Wed Apr 17, 2019 1:38 pm
Forum: Personal Investments
Topic: Dividend Generating Portfolio for Retirement
Replies: 8
Views: 1114

Re: Dividend Generating Portfolio for Retirement

To mitigate against future increases in tax rates, you can design a portfolio that minimizes the dividends and interest that it throws off. Some index funds are very tax efficient. Of course, you can make changes to your non-taxable portfolio without any tax consequences. So that would be the obviou...
by delamer
Wed Apr 17, 2019 1:20 pm
Forum: Personal Investments
Topic: Financial Advisor Issues
Replies: 18
Views: 1373

Re: Financial Advisor Issues

moresun1 wrote:
Wed Apr 17, 2019 11:54 am
I've just gotten off the phone with Vanguard to re-setup the brokerage. I've decided on 90/10 asset allocation. Since I have cash in another account. Only a little less than two more weeks of school.
Good start!
by delamer
Wed Apr 17, 2019 11:10 am
Forum: Personal Finance (Not Investing)
Topic: I’m a Loser Stuck in a Dead End Job
Replies: 63
Views: 7725

Re: I’m a Loser Stuck in a Dead End Job

You are working from behind since you don’t have a bachelor’s degree.

Assuming you are single and no one else is dependent on your income, have you considered working part-time while getting your degree?
by delamer
Wed Apr 17, 2019 10:59 am
Forum: Personal Investments
Topic: Financial Advisor Issues
Replies: 18
Views: 1373

Re: Financial Advisor Issues

You have reasons to be dissatisfied with their costs and the advisors’ responses to your question. If you contact Vanguard or Schwab or Fidelity, they will arrange to “pull” your assets out of your current account over to their brokerage. Then you can invest as you see fit. However, based in your de...
by delamer
Wed Apr 17, 2019 10:35 am
Forum: Investing - Theory, News & General
Topic: Pension Govt vs a High match job with higher pay.
Replies: 10
Views: 957

Re: Pension Govt vs a High match job with higher pay.

Other things to consider: Survivor benefits for your spouse with pension. Access to pre-Medicare health insurance with pension. Salary growth in either job. How much you’ll actually need to cover expenses in retirement. You are currently saving quite a bit now for someone who will get a substantial ...
by delamer
Tue Apr 16, 2019 8:56 pm
Forum: Personal Investments
Topic: Mr. Money Mustache, SWR, and equity allocation
Replies: 481
Views: 37031

Re: Mr. Money Mustache, SWR, and equity allocation

What I don't want to happen is to quit my job at age 40, throw everything into stock funds, draw 5% a year and assume I'll be okay. But isn't that essentially what MMM says? MMM is wrong. You would have been totally broke if you had done this right before the Great Depression, and you'd be close to...
by delamer
Tue Apr 16, 2019 8:27 pm
Forum: Personal Investments
Topic: Mr. Money Mustache, SWR, and equity allocation
Replies: 481
Views: 37031

Re: Mr. Money Mustache, SWR, and equity allocation

You read it wrong.

It says that 45% of those with Alzheimer’s are in the 75-85 age cohort.

That is completely different than claiming that 45% of people in that cohort have Alzheimer’s.
by delamer
Tue Apr 16, 2019 8:22 pm
Forum: Personal Investments
Topic: Mr. Money Mustache, SWR, and equity allocation
Replies: 481
Views: 37031

Re: Mr. Money Mustache, SWR, and equity allocation

What is the probability to be at 70 dead or incapacitated vs. what is the probability to run out of money and be aware of it? I bet than many BH-ers already are in their 70's. Not all of them incapacitated. I assume they are not dead either, but I was talking about statistics. The downside of runni...
by delamer
Tue Apr 16, 2019 2:44 pm
Forum: Personal Finance (Not Investing)
Topic: Leave Job to Spend Time with Disabled Spouse?
Replies: 13
Views: 1807

Re: Leave Job to Spend Time with Disabled Spouse?

Katietsu wrote:
Tue Apr 16, 2019 2:37 pm
Financially, I would meet with an elder attorney. With a majority of the income and assets in your spouse’s name, I see a significant risk if LTC might be needed.
This is excellent advice.
by delamer
Tue Apr 16, 2019 2:33 pm
Forum: Personal Finance (Not Investing)
Topic: Parents added siblings and I to house title, possible to undo without negative consequences?
Replies: 37
Views: 1559

Re: Parents added siblings and I to house title, possible to undo without negative consequences?

cheese_breath wrote:
Tue Apr 16, 2019 2:23 pm
BigMoneyNoWhammies wrote:
Tue Apr 16, 2019 1:35 pm
They surprised all of us by stating that we had been added to the title of their home...
How can they do that without you signing any papers?
Different state, but a friend didn’t find out that she’d been added to the title until one of her parents died.
by delamer
Tue Apr 16, 2019 11:34 am
Forum: Personal Finance (Not Investing)
Topic: Best option for child inheritance
Replies: 12
Views: 1059

Re: Best option for child inheritance

NotWhoYouThink wrote:
Tue Apr 16, 2019 11:27 am
How do you know how much they put in 401k, Roth, or anything else? Do you get statements or is it on the honor system?
We’d probably ask to see the first paystub and then operate on the honor system.
by delamer
Tue Apr 16, 2019 11:20 am
Forum: Personal Finance (Not Investing)
Topic: Best option for child inheritance
Replies: 12
Views: 1059

Re: Best option for child inheritance

We have a kid who will be eligible for a 401(k) in a couple months. We have told kid that we will match any money that kid puts into the 401(k). That puts the onus on kid to make the savings decision. So my suggestion is that you do a match (based on kid’s decision) and rollover the rest of the 30K ...
by delamer
Tue Apr 16, 2019 11:07 am
Forum: Personal Finance (Not Investing)
Topic: Can we afford this house?
Replies: 22
Views: 1820

Re: Can we afford this house?

Are you able to meet your savings goals with a $550K mortgage, plus property taxes, insurance, utilities and maintenance costs for a $900K home?
by delamer
Tue Apr 16, 2019 10:42 am
Forum: Personal Investments
Topic: Mr. Money Mustache, SWR, and equity allocation
Replies: 481
Views: 37031

Re: Mr. Money Mustache, SWR, and equity allocation

Traveling isn't the ultimate thing to achieve in life for some people. Hobbies, staycations, spending time with friends and family, financial Independence etc. .. These.days people travel but spend more time taking pictures and posting on social media rather than experiencing the actual moment. Kee...
by delamer
Mon Apr 15, 2019 7:29 pm
Forum: Personal Investments
Topic: New house builder .... Help !
Replies: 8
Views: 650

Re: New house builder .... Help !

If you can meet all your savings goals, then go with the 15 year loan. You’ll save a ton in interest.
by delamer
Mon Apr 15, 2019 5:57 pm
Forum: Personal Finance (Not Investing)
Topic: Layoff - Early 60's
Replies: 13
Views: 2118

Re: Layoff - Early 60's

Just a FYI — SSI refers to Supplemental Security Income for very low income and asset people. Social Security based on work record is what you mean. What level of retirement assets and other savings does your family member have? Yes, it might be a good idea for the lower earner to claim first and de...
by delamer
Mon Apr 15, 2019 4:08 pm
Forum: Personal Finance (Not Investing)
Topic: credit on home purchase: take off sale price or closing costs?
Replies: 6
Views: 359

Re: credit on home purchase: take off sale price or closing costs?

Purchase price credit will reduce taxes/stamps due at closing.