Search found 9887 matches

by delamer
Sun May 24, 2020 4:55 pm
Forum: Personal Consumer Issues
Topic: Should we drop our Long Term Care Insurance?
Replies: 15
Views: 1191

Re: Should we drop our Long Term Care Insurance?

Nate79 wrote:
Sun May 24, 2020 4:48 pm
I think you are way to young for LTCi.
Not with a father who had early onset dementia.
by delamer
Sun May 24, 2020 4:35 pm
Forum: Personal Consumer Issues
Topic: Should we drop our Long Term Care Insurance?
Replies: 15
Views: 1191

Re: Should we drop our Long Term Care Insurance?

Unless you live in a very low cost-of-living area, $108K maximum and $3K/month won’t buy you much.

And that big an increase in the premium after such a short time is a bad sign.

I’d drop it.

I am sorry about your father, and I’m sure it’s tough to have his condition hanging over your head.
by delamer
Sun May 24, 2020 12:55 pm
Forum: Personal Investments
Topic: Please help with a strategy
Replies: 5
Views: 336

Re: Please help with a strategy

Are you going to start pulling money from your accounts now because you have already retired?

If not, how soon do you expect to retire and start withdrawals?
by delamer
Sun May 24, 2020 9:32 am
Forum: Personal Finance (Not Investing)
Topic: Advice Needed regarding debt
Replies: 42
Views: 3234

Re: Advice Needed regarding debt

Your niece and the rest of your family have been through a lot over the last 9 years. I am sorry about your sister. In light of that, it is very generous of you all to pay off the loan for her current car. But honestly, I’d leave the rest of the decisions to her and the credit counselors. Except tha...
by delamer
Sun May 24, 2020 8:20 am
Forum: Personal Consumer Issues
Topic: Coursera Google IT Support Professional Certificate
Replies: 2
Views: 344

Coursera Google IT Support Professional Certificate

Anyone have any insights into the value of the Coursera Google IT Support Professional Certificate for someone trying to break into the field? Here’s a link to the program: https://www.coursera.org/professional-certificates/google-it-support?action=enroll#howItWorks Do companies hire entry-level sta...
by delamer
Sat May 23, 2020 9:41 am
Forum: Personal Finance (Not Investing)
Topic: The axe falls and I am prepared. What's next?
Replies: 364
Views: 27448

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

Folks, I am asking two separate questions: A) Under what financial condition, it is rewarding for me to take on part-time project work. At this moment, it looks like anything less than $90 per hour is not worthwhile. B) Under what non-financial condition, would you go back to work? KlangFool I’m so...
by delamer
Fri May 22, 2020 10:24 pm
Forum: Personal Finance (Not Investing)
Topic: FERS Retirement vs. Resignation
Replies: 8
Views: 1037

Re: FERS Retirement vs. Resignation

I think you’ve hit the highlights. You also lose the TSP match, but you might get the equivalent at another job.

You former co-worker is in for an unpleasant surprise regarding FEHB.
by delamer
Fri May 22, 2020 10:15 pm
Forum: Personal Investments
Topic: Strategy for selling single stock
Replies: 6
Views: 515

Re: Strategy for selling single stock

If it’s fun money, then you can gamble that the stock recovers.

It would be different if it was a core part of your retirement funding.
by delamer
Fri May 22, 2020 4:41 pm
Forum: Personal Investments
Topic: Strategy for selling single stock
Replies: 6
Views: 515

Re: Strategy for selling single stock

Are the stocks part of your retirement savings or for some other purpose?

If they are for retirement, how close are you?
by delamer
Fri May 22, 2020 3:19 pm
Forum: Personal Finance (Not Investing)
Topic: Selling home - low ball negotiation
Replies: 145
Views: 12068

Re: Selling home - low ball negotiation

It is in their best interest to get as high a sale price as they can...I'm not really dissing realtors. It's in their best interest to move the house as fast as possible. An extra $10k in selling price is only $300 more in income, and that will be shared with the rest of the office as well. I'm dis...
by delamer
Fri May 22, 2020 9:44 am
Forum: Personal Finance (Not Investing)
Topic: Contemplating expensive house purchase during pandemic
Replies: 41
Views: 3887

Re: Contemplating expensive house purchase during pandemic

I'd recommend staying put for a few more months until real estate prices fall and snatch yourself a great deal! I live in a LCOL location, and all real estate markets are different, but prices are going up around me, not down. People who are losing jobs tend to be on the low end of the pay scale, a...
by delamer
Fri May 22, 2020 9:38 am
Forum: Personal Finance (Not Investing)
Topic: Employer cut 403b contribution to zero
Replies: 85
Views: 5606

Re: Employer cut 403b contribution to zero

It seems one way we can tell this financial crisis is different than those of the past - tenured professors at major universities are now being impacted. The Univ. of Michigan is projecting a $1,000,000,000 loss. That's Billion with a B. I've often felt like a lot of Bogleheads seem to be governmen...
by delamer
Fri May 22, 2020 9:19 am
Forum: Personal Finance (Not Investing)
Topic: Selling home - low ball negotiation
Replies: 145
Views: 12068

Re: Selling home - low ball negotiation

- a house we were interested in relisted last week, but dropped its price by 2.6% While under attorney review, we put a bid for that house. Just for laughs, I did put down a bottom line number back in March what we would accept. It was 3% less than what we got. Was your offer by any chance 10% less...
by delamer
Fri May 22, 2020 9:11 am
Forum: Personal Finance (Not Investing)
Topic: Another Round Retirement Plan
Replies: 29
Views: 2104

Re: Another Round Retirement Plan

Do an expense and income (SS plus pensions) calculation for 1) both spouses living, 2) wife only living, and 3) husband only living. Try it for Retirement +1 day, Retirement + 10 years, Retirement +20 years. You can’t know any numbers with exactitude, but you’ll have a better perspective on how muc...
by delamer
Wed May 20, 2020 4:47 pm
Forum: Personal Investments
Topic: Social Security Questions
Replies: 7
Views: 941

Re: Social Security Questions

Thanks guys, this all makes sense and for the most part I agree. The only thing gnawing at me is, according to my mom, 5 years ago when she went with my dad to start his social security, she remembers signing some document (file and suspend?) that, according to her, would allow her to sneak in unde...
by delamer
Wed May 20, 2020 4:36 pm
Forum: Investing - Theory, News & General
Topic: Ditch 401K for Roth to reduce taxation of SS Benefits
Replies: 18
Views: 1497

Re: Ditch 401K for Roth to reduce taxation of SS Benefits

Here’s the basic formula for taxation of benefits: https://www.ssa.gov/planners/taxes.html If your total SS is $50,000, 1/2 of that counts toward determining taxability. So you’d only need $7,001 more income for the some of the SS benefit to be subject to tax and just $19,001 more income to have 85%...
by delamer
Wed May 20, 2020 2:59 pm
Forum: Forum Issues and Administration
Topic: New bogleheads induction [Request for new subforum]
Replies: 55
Views: 3094

Re: New bogleheads induction [Request for new subforum]

Wondering if we should have a sub forum where newbies can hang out for a while until they learn the ropes rather than trying to convince the rest of us we should cash out and wait for a crash or get into bitcoin / oil futures? And what do you think newbies will learn from other newbies? Bogleheads ...
by delamer
Wed May 20, 2020 11:58 am
Forum: Personal Finance (Not Investing)
Topic: Income about to be halved - what do we do?
Replies: 62
Views: 7692

Re: Income about to be halved - what do we do?

Maximize your cash holdings; don’t pay off the mortgage.

If things go really south — a total loss of income — then cash is more precious then no mortgage.
by delamer
Tue May 19, 2020 9:04 pm
Forum: Personal Finance (Not Investing)
Topic: Another Round Retirement Plan
Replies: 29
Views: 2104

Re: Another Round Retirement Plan

Do an expense and income (SS plus pensions) calculation for 1) both spouses living, 2) wife only living, and 3) husband only living. Try it for Retirement +1 day, Retirement + 10 years, Retirement +20 years. You can’t know any numbers with exactitude, but you’ll have a better perspective on how much...
by delamer
Tue May 19, 2020 6:15 pm
Forum: Personal Consumer Issues
Topic: Engagement Ring Help
Replies: 68
Views: 2929

Re: Engagement Ring Help

Diamonds are an almost-commodity for a given grade, meaning aside from paying for specially branded diamonds (such as hearts on fire), the cost by grade/certifier should be similar across most channels. You'll be reading about the 4 C's: Color (go gauge for yourself how this looks - everyone is dif...
by delamer
Tue May 19, 2020 6:09 pm
Forum: Personal Finance (Not Investing)
Topic: Contemplating expensive house purchase during pandemic
Replies: 41
Views: 3887

Re: Contemplating expensive house purchase during pandemic

No one knows how this pandemic is going to continue to affect the economy in general or housing prices in particular, either in the short run or the long run. Therefore, I’d be very hesitant to take in a major new financial obligation — such as an expensive home — for the foreseeable future. Nor wou...
by delamer
Tue May 19, 2020 5:54 pm
Forum: Personal Consumer Issues
Topic: Engagement Ring Help
Replies: 68
Views: 2929

Re: Engagement Ring Help

Diamonds are an almost-commodity for a given grade, meaning aside from paying for specially branded diamonds (such as hearts on fire), the cost by grade/certifier should be similar across most channels. You'll be reading about the 4 C's: Color (go gauge for yourself how this looks - everyone is dif...
by delamer
Tue May 19, 2020 5:41 pm
Forum: Personal Consumer Issues
Topic: Engagement Ring Help
Replies: 68
Views: 2929

Re: Engagement Ring Help

Family member had a good experience purchasing a diamond and setting through Blue Nile. Within a fairly generous time frame, you can return the ring for full credit if your fiancee wants something else. It has an upgrade policy (as do many other jewelers) that you can trade-in your diamond for full ...
by delamer
Tue May 19, 2020 4:10 pm
Forum: Personal Investments
Topic: investment advice plz
Replies: 9
Views: 655

Re: investment advice plz

Does the mortgage payment include taxes and property insurance? Because those will continue after the mortgage is paid off. How soon will you pay off the mortgage if you continue throwing extra money at it? Is the VTSAX money in a taxable account or a retirement account? Yes, mortgage is including ...
by delamer
Tue May 19, 2020 4:06 pm
Forum: Personal Finance (Not Investing)
Topic: SS claiming strategy when younger spouse is higher earner
Replies: 12
Views: 730

Re: SS claiming strategy when younger spouse is higher earner

Why did you have the word “retire” in quotes in the initial post? Will DH actually stop working or not? Because if not, that might change the recommendations. Our situation was somewhat similar to the one you described, except there also were pensions to consider. Given the numbers in terms of asset...
by delamer
Tue May 19, 2020 12:33 pm
Forum: Personal Investments
Topic: Individual stock for son's birthday
Replies: 54
Views: 2047

Re: Individual stock for son's birthday

Buy a stock in a company that your son is familiar with.

Depending on his age and interests, Disney, Nintendo, Electronic Arts, Amazon, Tesla are possibilities.
by delamer
Tue May 19, 2020 12:21 pm
Forum: Personal Finance (Not Investing)
Topic: Private Mortgage Insurance
Replies: 13
Views: 434

Re: Private Mortgage Insurance

Is a $300,000 mortgage for people on a strict budget in their mid-80’s a good idea? Have they figured out what happens to the survivor’s income when the first spouse dies? It is likely that one Social Security benefit will disappear and there may be a reduction in any pension (if relevant). I agree...
by delamer
Tue May 19, 2020 12:09 pm
Forum: Personal Finance (Not Investing)
Topic: Any resources on Reduction in Force procedures for Federal Employees?
Replies: 14
Views: 1197

Re: Any resources on Reduction in Force procedures for Federal Employees?

I’m going to be intentionally light on details here. Please bear with me. I work for a federal agency that has announced to its entire workforce that absent legislative intervention (which is apparently underway) there is a possibility of running out of funds and not making payroll at some point th...
by delamer
Tue May 19, 2020 11:40 am
Forum: Personal Investments
Topic: Help me correct my Dad's Retirement Portfolio
Replies: 14
Views: 1453

Re: Help me correct my Dad's Retirement Portfolio

Thank you for the replies, -I have definitely directed him to stop contributing to that stock, but I need to help him set up contributions to something else, I will take a look at his 401k options when I visit later this month. He mentioned seeing some Vanguard funds and I'll push him in that direc...
by delamer
Tue May 19, 2020 11:29 am
Forum: Personal Investments
Topic: Advice on Mom's retirement accounts
Replies: 14
Views: 968

Re: Advice on Mom's retirement accounts

Do you know if the cost bases on the assets in the trust will reset when your mother dies?

Depending on the type of trust, they may have reset when your father died but will not do so when your mother does.
by delamer
Tue May 19, 2020 11:19 am
Forum: Personal Finance (Not Investing)
Topic: Private Mortgage Insurance
Replies: 13
Views: 434

Re: Private Mortgage Insurance

Is a $300,000 mortgage for people on a strict budget in their mid-80’s a good idea?

Have they figured out what happens to the survivor’s income when the first spouse dies? It is likely that one Social Security benefit will disappear and there may be a reduction in any pension (if relevant).
by delamer
Mon May 18, 2020 10:42 pm
Forum: Personal Investments
Topic: investment advice plz
Replies: 9
Views: 655

Re: investment advice plz

Does the mortgage payment include taxes and property insurance? Because those will continue after the mortgage is paid off.

How soon will you pay off the mortgage if you continue throwing extra money at it?

Is the VTSAX money in a taxable account or a retirement account?
by delamer
Mon May 18, 2020 10:35 pm
Forum: Personal Investments
Topic: How [do I figure out my investment rate of return]?
Replies: 11
Views: 937

Re: How'd I Do?

If you take money out to payoff a mortgage, how do you propose to take that into account when calculating your return?
by delamer
Mon May 18, 2020 5:43 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Issue
Replies: 13
Views: 1102

Re: Social Security Issue

That’s a shame about your SIL. If the funeral services were incurred and paid, then I am having trouble seeing how the payor would have a claim against the estate. It is not the case that the funeral home is owed money, plus the payor (not your SIL) took on the cost. I will be interested to see the ...
by delamer
Mon May 18, 2020 5:27 pm
Forum: Personal Investments
Topic: Please tell me I'm not crazy [Best way to manage an EF?]
Replies: 171
Views: 10373

Re: Please tell me I'm not crazy [Best way to manage an EF?]

So I have a related question: I have about $4,300 available contributions into my Roth IRA for 2019. I have a HELOC. If I cannot contribute enough to my IRA by the 7/15 tax deadline, should I borrow from my HELOC (which is now at only 3.25%) to make the cut off and then quickly pay it off by August...
by delamer
Mon May 18, 2020 5:22 pm
Forum: Investing - Theory, News & General
Topic: Dividend vs Total Return question
Replies: 66
Views: 2738

Re: Dividend vs Total Return question

Dividends come out ahead. Volatility matters. If the dividends aren’t cut during the downturn, you can simply ignore it. So the dividend investor spent only his dividends. If there is a serious downturn of, lets pretend 50%, the capital appreciation investor is now burning through his money at doub...
by delamer
Mon May 18, 2020 10:54 am
Forum: Personal Finance (Not Investing)
Topic: I work remote: Is buying a home away from a major city a major risk?
Replies: 39
Views: 4288

Re: I work remote: Is buying a home away from a major city a major risk?

All that to say, we love the area but if something happens with my job, unless I were to get another remote job, I would have zero chance of getting a job within driving distance of where we are thinking of living. I get that this is a risk and so far my job is going well, but I wanted everyone's p...
by delamer
Mon May 18, 2020 10:42 am
Forum: Investing - Theory, News & General
Topic: Dividend vs Total Return question
Replies: 66
Views: 2738

Re: Dividend vs Total Return question

Dividends come out ahead. Volatility matters. If the dividends aren’t cut during the downturn, you can simply ignore it. So the dividend investor spent only his dividends. If there is a serious downturn of, lets pretend 50%, the capital appreciation investor is now burning through his money at doub...
by delamer
Sun May 17, 2020 7:28 pm
Forum: Personal Investments
Topic: Beneficiary for brokerage account—why?
Replies: 13
Views: 901

Re: Beneficiary for brokerage account—why?

Do you have a will?
by delamer
Sun May 17, 2020 7:20 pm
Forum: Investing - Theory, News & General
Topic: Dividend vs Total Return question
Replies: 66
Views: 2738

Re: Dividend vs Total Return question

I just want to here the reasoning for my peace of mind. This is rather hard to demonstrate in a way that will satisfy anyone who doesn't already agree. But over a long period of time, if two funds have different dividends but equal total return, then the one who isn't selling shares has more shares...
by delamer
Sun May 17, 2020 2:25 pm
Forum: Personal Investments
Topic: Portfolio for 72 year old couple
Replies: 15
Views: 1055

Re: Portfolio for 72 year old couple

We are a 72 year old couple who has 950k total investments with 850k in ira’s and the rest in money market funds. The ira is all in cash or cd’s right now in vanguard prime mm and several cd’s that are due to mature later this year. We are terrified of losing money in the market as our friends have...
by delamer
Sun May 17, 2020 2:16 pm
Forum: Personal Finance (Not Investing)
Topic: Feds: FEHB + Medicare Part B?
Replies: 37
Views: 2212

Re: Feds: FEHB + Medicare Part B?

Of course you pay for medical care in addition to prescription co-pays — you pay FEHB and Medicare premiums. Well let me try to be more precise. :D I do pay for 2 kinds of insurance, one of which is partially reimbursed. And I do pay prescription co-pays. I do not pay any medical bills. I don't pay...
by delamer
Sun May 17, 2020 1:53 pm
Forum: Personal Investments
Topic: Retirement Portfolio Allocation Question
Replies: 5
Views: 523

Re: Retirement Portfolio Allocation Question

I suggest you read this short piece on the world’s worst market timer: https://awealthofcommonsense.com/2014/02/worlds-worst-market-timer/ It will give you a good perspective on when you should invest your lump sum. Keep in mind that those small positions (less than $7,000 each) just don’t impact yo...
by delamer
Sun May 17, 2020 1:44 pm
Forum: Personal Investments
Topic: Portfolio Questions Saving for Retirement
Replies: 21
Views: 1445

Re: Portfolio Questions Saving for Retirement

Seems as if you’ll have enough between Social Security and pensions to cover your basic expenses. So whatever you are able to save can cover extraordinary expenses and luxuries, which is a good situation. However, will you receive a survivor’s benefit from your wife’s pension if she dies first? Beca...
by delamer
Sun May 17, 2020 1:29 pm
Forum: Personal Finance (Not Investing)
Topic: Feds: FEHB + Medicare Part B?
Replies: 37
Views: 2212

Re: Feds: FEHB + Medicare Part B?

With my Kaiser Advantage plan, Kaiser reimburses me $100/month for my Medicare B premium.... This is a good point. Several of the FEHB plans will reimburse you for Medicare Part B premiums - I think mine this year was $900 through BCBS Basic (I think). I suppose if one is in a high IRMAA tier, that...
by delamer
Sun May 17, 2020 10:18 am
Forum: Personal Investments
Topic: Please tell me I'm not crazy [Best way to manage an EF?]
Replies: 171
Views: 10373

Re: Please tell me I'm not crazy [Best way to manage an EF?]

Any investment that can fluctuate in value isn’t the place for your emergency fund. If you need $100 to pay a bill, having your investment’s value decline to even $99.50 won’t cut it.
by delamer
Sun May 17, 2020 10:11 am
Forum: Personal Finance (Not Investing)
Topic: Feds: FEHB + Medicare Part B?
Replies: 37
Views: 2212

Re: Feds: FEHB + Medicare Part B?

There’s been a steady decline over the years in the percentage of retired feds taking Part B, as both FEHB and Part B get more expensive. From a GAO report: According to OPM, in 2015, about 21 percent of Medicare-eligible retirees with self-only coverage and 24 percent with family coverage were not...
by delamer
Sat May 16, 2020 10:15 pm
Forum: Personal Finance (Not Investing)
Topic: Feds: FEHB + Medicare Part B?
Replies: 37
Views: 2212

Re: Feds: FEHB + Medicare Part B?

This thread may be of assistance: https://www.bogleheads.org/forum/viewtopic.php?f=2&t=192832 My guess is that the vast majority of federal retirees opt into Medicare Part B. 2020 is my decision year for Medicare Part B. I've decided to not opt into it. I'm in the GEHA standard health plan. I am us...
by delamer
Sat May 16, 2020 10:07 pm
Forum: Personal Finance (Not Investing)
Topic: Fraudulent charges... Getting really tired of the number of times this happens and resulting hassle.
Replies: 56
Views: 4429

Re: Fraudulent charges... Getting really tired of the number of times this happens and resulting hassle.

How many credit cards do you have? It seems to me that the larger the number, the more chance for fraud. We have similar spending patterns to what you mentioned, except that we do (or did) go to restaurants regularly. We have 3 cards. And one fraudulent transaction in the last 10 years. Have you co...