Search found 6384 matches

by Ron
Sun May 19, 2019 12:35 pm
Forum: Personal Consumer Issues
Topic: Anyone have a GMC Acadia? Or similar?
Replies: 19
Views: 924

Re: Anyone have a GMC Acadia? Or similar?

My wife/me purchased new cars in 2015. She, a Subaru Legacy (Limited); me a GMC Acadia (Denali). In our case, the Acadia has been flawless; not so with the Subaru. She has had many problems over the early years related to electrical/starter issues that have left her stranded, which either involved m...
by Ron
Sat May 18, 2019 4:15 pm
Forum: Personal Finance (Not Investing)
Topic: Does SS payment day of month change when changing benefits?
Replies: 18
Views: 911

Re: Does SS payment day of month change when changing benefits?

It didn't change for us. My wife was receiving a spousal benefit since age 66 on my payday (2nd Wednesday) even though her birthday would put her on the 4th Wednesday. However, when she claimed her own benefit at age 70, her payday remained the 2nd Wednesday. FWIW, the actual day of payment can be a...
by Ron
Thu May 16, 2019 7:09 am
Forum: Personal Finance (Not Investing)
Topic: Reservations about job offer
Replies: 65
Views: 4005

Re: Reservations about job offer

I hate to quote a movie, but this passage has served me well over the years: "When there is doubt, there is no doubt" (Ronin - 1998) "Whenever there is any doubt" refers to the fact that something spooked him. He might not even be aware of the detail of what it was, but it was based on experience an...
by Ron
Wed May 15, 2019 10:20 am
Forum: Personal Finance (Not Investing)
Topic: Asset Allocation in 60s
Replies: 17
Views: 1849

Re: Asset Allocation in 60s

So, I am wondering...what motivation is there to continue to chase return and growth when the financial finish line is in sight? Ed The finish line is when you die, maybe even when your heirs die . That's our case. While we're in our early 70's we keep a 60/40 AA target. While some/most would say t...
by Ron
Tue May 14, 2019 7:54 am
Forum: Forum Issues and Administration
Topic: For how long will the forum be around?
Replies: 94
Views: 7039

Re: For how long will the forum be around?

Until OMY syndrome is not discussed.

- Ron
by Ron
Mon May 13, 2019 10:15 am
Forum: Personal Investments
Topic: Does your retirement plan work if stocks are flat or in decline for decades?
Replies: 180
Views: 10174

Re: Does your retirement plan work if stocks are flat or in decline for decades?

Since I/we draw income from our respective portfolios via dividends, the actual share price is of no concern to us. Our distributions more than exceed our RMD's, which are used to pay FIT on the RMD, pay FIT on all our other income (SS, SPIA, Pensions, etc.) with the remainder of the RMD being sent ...
by Ron
Sun May 12, 2019 10:13 am
Forum: Forum Issues and Administration
Topic: Real Names
Replies: 16
Views: 857

Re: Real Names

If the OP would enter his name on Google, it will return more than 199k results. If I entered my name on Google, it would return only a few results, and those would actually refer to me. My name is uncommon in the world (the only one on Google) and I could be tracked down very easily, just by using ...
by Ron
Thu May 09, 2019 8:06 am
Forum: Personal Consumer Issues
Topic: grubs and skunks
Replies: 17
Views: 1476

Re: grubs and skunks

Yooper16 wrote:
Tue May 07, 2019 2:59 pm
<snip...>Or --- get rid of your earthworms, or any other kind of buggy, slimey thing that thrives in your soil.
Actually, earthworms are quite beneficial to soil, and your lawn. Grubs (the larvae of insects) are not, however.

- Ron
by Ron
Thu May 09, 2019 6:42 am
Forum: Personal Finance (Not Investing)
Topic: Why is Social Security pushing retroactive benefits?
Replies: 32
Views: 3657

Re: Why is Social Security pushing retroactive benefits?

Obvious scam call is obvious. - Captain Obvious Actually, it isn't.... My wife had been receiving spousal benefits from ages 66-69 based upon my record. She submitted her age-70 request on-line last year, with a start date of the month she turned 70. I let her know that she may be contacted by SS (...
by Ron
Fri Apr 26, 2019 7:58 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Does Money Buy Happiness?
Replies: 37
Views: 2194

Re: Larry Swedroe: Does Money Buy Happiness?

Happiness? No.
Peace of mind? Yes.

- Ron
by Ron
Thu Apr 18, 2019 2:39 pm
Forum: Personal Finance (Not Investing)
Topic: When did you start spending more and saving less?
Replies: 77
Views: 5047

Re: When did you start spending more and saving less?

Tycoon wrote:
Thu Apr 18, 2019 2:29 pm
The day after I retired.
Same here.

- Ron
by Ron
Tue Apr 16, 2019 9:08 am
Forum: Personal Consumer Issues
Topic: What Are Your Simple Pleasures?
Replies: 145
Views: 11999

Re: What Are Your Simple Pleasures?

Putting the top down on my convertible after a long winter to enjoy the sights/sounds of a beautiful spring day. It will be followed by those warm/hot summer nights under the stars with the top still down. The Mustang replaces the same feelings I had when I rode my motorcycles at a much younger age,...
by Ron
Tue Apr 16, 2019 8:33 am
Forum: Investing - Theory, News & General
Topic: Why does the stock market go up in the long term?
Replies: 62
Views: 4603

Re: Why does the stock market go up in the long term?

I've always held the long term view that it's due to the increase in population, world-wide. More people? More goods and services required, regardless of the current state of economy from developing to fully developed countries. I'm a simple person and therefore think in simple solutions :wink: ... ...
by Ron
Mon Apr 15, 2019 10:30 am
Forum: Personal Finance (Not Investing)
Topic: Social Security retirement benefits application: "Do you expect to die within a year?"
Replies: 3
Views: 654

Re: Social Security retirement benefits application: "Do you expect to die within a year?"

I assume that it has to do with getting six months of retroactive benefits in a lump sum, assuming the person was SS eligible for those prior six months.

- Ron
by Ron
Mon Apr 08, 2019 9:40 am
Forum: Personal Finance (Not Investing)
Topic: Calculating Social Security
Replies: 11
Views: 1109

Re: Calculating Social Security

<snip...> If 35 years is averaged on what I've done so far, that would be factoring in that my income is much higher than it was 25 years ago. Don't forget that those early lower income amounts are adjusted upward for inflation to calculate your benefit, so there might be less variance overall when...
by Ron
Sun Apr 07, 2019 1:26 pm
Forum: Personal Finance (Not Investing)
Topic: Is it bad to have nothing in taxable when you retire?
Replies: 62
Views: 6777

Re: Is it bad to have nothing in taxable when you retire?

Another issue is that it seems to limit your ability to buy annuities. If your money is in a tax deferred account you would presumably have to withdraw the full cost of the annuity plus enough more to pay the additional taxes on the withdrawal, which may put you into a higher bracket. Or perhaps yo...
by Ron
Sun Apr 07, 2019 10:11 am
Forum: Personal Consumer Issues
Topic: Should I regularly replace the water filter in the fridge?
Replies: 50
Views: 4106

Re: Should I regularly replace the water filter in the fridge?

Our last order was $21 via Amazon, or $3.50/month, based upon a 6-month replacement. If that's too much, just put the bypass plug in the filter unit and don't worry about it.

- Ron
by Ron
Sun Apr 07, 2019 8:47 am
Forum: Personal Investments
Topic: For those with most retirement savings in tax deferred accounts
Replies: 18
Views: 3029

Re: For those with most retirement savings in tax deferred accounts

Around 85% of my/wife's retirement portfolios are held in tax deferred funds with the remainder in Roth IRA's. This is the second year of RMD's for each of us, and our respective RMD's are used to satisfy four different conditions: 1. Pay FIT on the RMD withdrawal (we're not subject to state tax). 2...
by Ron
Wed Apr 03, 2019 10:58 am
Forum: Personal Finance (Not Investing)
Topic: Just Bought an Annuity
Replies: 149
Views: 11531

Re: Just Bought an Annuity

<snip...>I think that is a great plan.... And the question usually is - is that product currently available at those terms? Like so many things in life they change …. so the persons looking at the solutions now may/will come to different conclusions due to changes over time. The average inflation o...
by Ron
Wed Apr 03, 2019 10:02 am
Forum: Personal Finance (Not Investing)
Topic: Just Bought an Annuity
Replies: 149
Views: 11531

Re: Just Bought an Annuity

<snip...> So people feel they need more than SS ? My projected benefits per SSA are about 70k/year for 2 of us. I don't see why I can't risk funding my own costs above $70k/year. I can put food on the table for $70k at least. Because some folks in retirement (like my wife/me) want to live a better ...
by Ron
Wed Apr 03, 2019 8:09 am
Forum: Personal Finance (Not Investing)
Topic: What? No Income?
Replies: 62
Views: 7044

Re: What? No Income?

It's simple:

https://www.gocomics.com/speedbump/2007/08/22

BTW, I retired (not outsourced, fired, or medically necessary) at age 59, twelve years ago. One of the best decisions of my life, when viewed from over a decade later...

- Ron
by Ron
Tue Apr 02, 2019 1:51 pm
Forum: Investing - Theory, News & General
Topic: Are annuities the best way to fund one's retirement?
Replies: 190
Views: 10283

Re: Are annuities the best way to fund one's retirement?

SevenBridgesRoad wrote:
Tue Apr 02, 2019 12:55 pm
If one wants a thread full of people talking past each other, start a thread on annuities.
Ain't that the truth! :mrgreen: :mrgreen: :mrgreen:

- Ron

PS: And in a few days or weeks we'll start all over again...
by Ron
Mon Apr 01, 2019 3:00 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security reply
Replies: 28
Views: 4163

Re: Social Security reply

.... don't believe that transition to full benefits will be automatic. Yes, that is correct, if you will be switching from spousal to your own old age benefit it is a whole new application. There is still a lot of confusion and misinformation coming from SSA offices. Ex: Friends of mine were able t...
by Ron
Sun Mar 31, 2019 9:42 pm
Forum: Personal Consumer Issues
Topic: Video Camera to check in on Elderly Parent
Replies: 76
Views: 4871

Re: Video Camera to check in on Elderly Parent

We use the following to monitor our home's interior while we are traveling and primarily use it for motion detection/security and get notifications and also a live feed via our cell phones: https://www.zmodo.com/mini-camera-720p/ While we do have somebody stop in every few days just to check on the ...
by Ron
Sun Mar 31, 2019 10:09 am
Forum: Personal Finance (Not Investing)
Topic: How often do you check your net worth?
Replies: 257
Views: 14555

Re: How often do you check your net worth?

Once a year, when I print it and give it to our elder law attorney for his records for future estate settlement. You mentioned net worth, and most folks answered with review of just their investments. For us, net worth includes investments, the value of all bank accounts, along with estimated value ...
by Ron
Sun Mar 31, 2019 8:17 am
Forum: Personal Finance (Not Investing)
Topic: Paying "early" on mortgage may be unwise
Replies: 162
Views: 10888

Re: Paying "early" on mortgage may be unwise

We had our current house built in 1994 when our mortgage/note rate was 6.875%. BTW, our two previous mortgage/note rates in 1975 and 1979 were both at 10%. One of our retirement goals was to ensure that we entered retirement debt free, and in an effort to do that we made additional principal payment...
by Ron
Sat Mar 30, 2019 9:53 am
Forum: Personal Finance (Not Investing)
Topic: Question about Cashiers Check for tentative car purchase
Replies: 34
Views: 1569

Re: Question about Cashiers Check for tentative car purchase

FWIW, both my wife/me purchased our last few vehicles (new & used) just by writing a personal check. There was no need to have anything special done. I purchased my last vehicle (new) in 2015 and wrote a check for $40K+; my wife did the same in 2015 and wrote a personal check for $30K+. In jest, I a...
by Ron
Fri Mar 29, 2019 10:42 am
Forum: Personal Finance (Not Investing)
Topic: Retirement: What expenses did you reduce?
Replies: 63
Views: 4195

Re: Retirement: What expenses did you reduce?

Weird - I wouldn't consider SS, FICA, etc taxes and 457/401k deductions as "savings". For retirement we are planning based on what we spend money on, with our take home pay - the above items never hit our bank account and aren't counted as "earnings" that need replacement. We aren't planning based ...
by Ron
Sat Mar 23, 2019 1:52 pm
Forum: Personal Consumer Issues
Topic: Determining what to do with your life.
Replies: 18
Views: 1652

Re: Determining what to do with your life.

Doom&Gloom wrote:
Sat Mar 23, 2019 12:56 pm
Is it possible that you are depressed?
+1
by Ron
Wed Mar 20, 2019 4:02 pm
Forum: Investing - Theory, News & General
Topic: Retired Investors - Do You Keep Cash For Down Years
Replies: 107
Views: 8296

Re: Retired Investors - Do You Keep Cash For Down Years

In preparation for retirement in 2007, my wife/me each converted an amount equal to 3-4 years of required income (including taxes due) into our respective TIRA MM accounts. At the time, we were getting ~4% interest which was a bit less than the average bond return at the time. A few months after I r...
by Ron
Thu Mar 14, 2019 2:21 pm
Forum: Personal Finance (Not Investing)
Topic: Fraction of insurance companies revenue goes to paying out claims?
Replies: 34
Views: 2376

Re: Fraction of insurance companies revenue goes to paying out claims?

Don't forget that a lot of claims are not paid by the primary insurance company, but are covered by reinsurance firms.

- Ron
by Ron
Wed Mar 13, 2019 12:10 pm
Forum: Personal Finance (Not Investing)
Topic: SS: where are my delay credits? UPDATE
Replies: 11
Views: 1502

Re: SS: where are my delay credits?

You will see them in your January 2020 check, since they are only applied yearly for those who claim after FRA but before the maximum of age 70. If you would have waited until age 70, your first check would have all DRC's applied, regardless of month claimed. See: http://figuide.com/delayed-retireme...
by Ron
Wed Mar 13, 2019 10:26 am
Forum: Personal Investments
Topic: Asset allocation for early retirement vs late retirement
Replies: 4
Views: 679

Re: Asset allocation for early retirement vs late retirement

While both me/wife were still employed, we had a joint AA target of 90/10 (90% equities). A couple of years before our joint retirement age of 59 (we're the same age), we shifted to a 50/50 mix. Over the years, we've shifted to a 60/40 (60% equities) AA since we're looking at our remainder joint por...
by Ron
Tue Mar 12, 2019 2:56 pm
Forum: Personal Finance (Not Investing)
Topic: Elderly parent on path to run out of money in 6 months
Replies: 35
Views: 9038

Re: Elderly parent on path to run out of money in 6 months

Since the OP posted the question back in 2014, what actually happened?

- Ron
by Ron
Mon Mar 11, 2019 5:55 pm
Forum: Personal Investments
Topic: Can't see retiring without 15x-30x fixed income
Replies: 217
Views: 15555

Re: Can't see retiring without 15x-30x fixed income

livesoft wrote:
Mon Mar 11, 2019 3:12 pm
The OP needs to keep working ...

... forever.
That's what I get from his many past comments/postings :? ...

- Ron
by Ron
Sun Mar 10, 2019 11:17 am
Forum: Personal Finance (Not Investing)
Topic: What are your personal experiences with downside of early retirement?
Replies: 69
Views: 10163

Re: What are your personal experiences with downside of early retirement?

While retiring at age 59 is not considered "early", it was earlier than I originally planned some 12 years ago.

The only downside is I'm like the Joker of Batman fame; even after more than a decade, I can't get that darn smile off my face :mrgreen: ...

- Ron
by Ron
Sun Mar 10, 2019 8:21 am
Forum: Investing - Theory, News & General
Topic: Do you have 1 or 2 numbers for expenses in retirement?
Replies: 59
Views: 4274

Re: Do you have 1 or 2 numbers for expenses in retirement?

Over a decade in retirement thus far, and I only ever had one "number".

If I couldn't retire in the manner that I wished/wanted, I would have remained employed.

- Ron
by Ron
Thu Mar 07, 2019 8:55 am
Forum: Personal Consumer Issues
Topic: Why all the surveys?
Replies: 38
Views: 2225

Re: Why all the surveys?

https://www.gocomics.com/pickles/2019/03/02

I no longer fill out surveys...

- Ron
by Ron
Sun Mar 03, 2019 11:49 am
Forum: Personal Investments
Topic: Saving Once in Retirement
Replies: 32
Views: 3179

Re: Saving Once in Retirement

I don't consider RMDs as "income" in the same sense as SS. They simply move some of our money from one pocket to another, with Uncle Sam taking a cut. If we spend part of it, over and above our SS, then I'll count that part as a true withdrawal. The rest of it isn't "savings" because it was already...
by Ron
Sun Mar 03, 2019 9:05 am
Forum: Personal Investments
Topic: Saving Once in Retirement
Replies: 32
Views: 3179

Re: Saving Once in Retirement

Since we both started our age-70 SS last year along with starting RMD's, we have a more than a bit of "left over" cash after we've paid for all our annual expenses. We save a portion, we spend a portion. The savings are put into a MM account for any "what if's" that may pop up. The spending portion ...
by Ron
Fri Mar 01, 2019 12:54 pm
Forum: Personal Consumer Issues
Topic: Priority boarding - Why?
Replies: 147
Views: 8232

Re: Priority boarding - Why?

Noble Knight wrote:
Fri Mar 01, 2019 11:49 am
I'd be interested in Priority Unboarding, I'm surprised none of the airlines have tried to capitalize on that.
Fly business/first; you will get out of the plane before steerage class. Of course, that's part of the price you (or your company) pays for the privilege.

- Ron
by Ron
Fri Mar 01, 2019 12:39 pm
Forum: Personal Finance (Not Investing)
Topic: BH could you live off your SS benefit?
Replies: 141
Views: 7138

Re: BH could you live off your SS benefit?

<snip...>"Sure, use our actual joint SS income of just over $72k last year and disregard our other income; what do you get?" The quick calculator says $440 - is it correct? https://www.fool.com/retirement/social-security-how-much-benefits-taxed.aspx#results Actually, I just ran the same income thro...
by Ron
Fri Mar 01, 2019 11:47 am
Forum: Personal Finance (Not Investing)
Topic: BH could you live off your SS benefit?
Replies: 141
Views: 7138

Re: BH could you live off your SS benefit?

No, as the IRS taxes me on heavily on it and SS takes Medicare premiums and IRMAA out as well. No IRMAA penalty or Federal taxes if you only received SS benefits. You can even withdraw $12,000 from tax-deferred accounts (single) and pay no federal tax. No, SS is taxable if you exceed the limits of ...
by Ron
Fri Mar 01, 2019 11:18 am
Forum: Personal Finance (Not Investing)
Topic: BH could you live off your SS benefit?
Replies: 141
Views: 7138

Re: BH could you live off your SS benefit?

No, as the IRS taxes me on heavily on it and SS takes Medicare premiums and IRMAA out as well. No IRMAA penalty or Federal taxes if you only received SS benefits. You can even withdraw $12,000 from tax-deferred accounts (single) and pay no federal tax. No, SS is taxable if you exceed the limits of ...
by Ron
Thu Feb 28, 2019 6:43 pm
Forum: Personal Consumer Issues
Topic: How do YOU make coffee?
Replies: 201
Views: 8627

Re: How do YOU make coffee?

Being a simple person, I use Maxwell House Dark Roast ground coffee in a Mr. Coffee 4-cup drip machine. No muss, no fuss.

Needless to say, I'm not a coffee snob; if it gives me a morning jolt, it's good enough...

- Ron
by Ron
Wed Feb 27, 2019 2:59 pm
Forum: Personal Finance (Not Investing)
Topic: Nervous about locking up money in SPIA
Replies: 101
Views: 6496

Re: Nervous about locking up money in SPIA

<snip...>I do indeed want a pension like this, so will purchase at age 70. Exactly what I did at age 59 when I retired, without a pension. That was 12 years ago, and looking back it was one of the better financial decisions I made even though I disregarded the oft mentioned advice to wait until an ...
by Ron
Tue Feb 26, 2019 12:34 pm
Forum: Personal Finance (Not Investing)
Topic: Call from SSA office
Replies: 22
Views: 2491

Re: Call from SSA office

My wife received a call from SSA last year when she filed for her own age-70 benefit, after she filed on-line. It was legit, asking her the question if she wanted her "bonus" of six months backdated benefits. Of course she knew about the situation of receiving a lump sum but also giving up benefits ...
by Ron
Tue Feb 26, 2019 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: Why Working as a Senior Male is Wise...
Replies: 104
Views: 11717

Re: Why Working as a Senior Male is Wise...

slyfox1357 wrote:
Tue Feb 26, 2019 11:20 am
<snip...>plus you haven't responded now to any of the follow-up questions, even after 30+ replies. :confused
Probably too busy working :twisted: ...

- Ron
by Ron
Tue Feb 26, 2019 8:44 am
Forum: Personal Finance (Not Investing)
Topic: Why Working as a Senior Male is Wise...
Replies: 104
Views: 11717

Re: Why Working as a Senior Male is Wise...

2015 wrote, I find these "studies" highly suspect. Self-generative individuals do not need to work. I have entirely too much life to do and not enough time to do it in to work. I would add that there’s some evidence/indication that those who tend more toward introversion do better in retirement tha...