Search found 6438 matches

by Ron
Sun Sep 22, 2019 12:17 pm
Forum: Personal Consumer Issues
Topic: Anyonw driving Uber for fun and pocket money in retirement?
Replies: 98
Views: 8805

Re: Anyone driving Uber for fun and pocket money in retirement?

Again, what was the question? :oops: As for me (currently at age 71, retired 12+ years), I find no desire to get out of bed to be cruising around after midnight looking for a few dollars (that was a lifetime ago :mrgreen: ). If I need "pocket money", I simply go to my desk drawer and pull out a few ...
by Ron
Mon Sep 16, 2019 10:28 pm
Forum: Personal Finance (Not Investing)
Topic: Travel Insurance
Replies: 3
Views: 465

Re: Travel Insurance

We usually use Allianz for our travels, when we travel out of the country 1-2 times per year. In fact, we just used them last month to cover the cruise/after cruise portion of a Euro cruise (Viking Ocean) where we missed the boat due to our flight being cancelled due to weather at Newark. The plane ...
by Ron
Sun Sep 15, 2019 9:59 am
Forum: Personal Finance (Not Investing)
Topic: social security benefit - confused about choosing start date
Replies: 32
Views: 2558

Re: social security benefit - confused about choosing start date

> I filed for (restricted) divorced spousal benefit this year. > I am post-FRA. > I filed three months in advance of my ex's 62nd birthday in June, 2019. I was explicit that I was filing effective June, 2019. > I was granted the spousal benefit effective in July, 2019 and received my first month's ...
by Ron
Fri Sep 13, 2019 11:19 am
Forum: Personal Finance (Not Investing)
Topic: social security benefit - confused about choosing start date
Replies: 32
Views: 2558

Re: social security benefit - confused about choosing start date

Keep in mind, you want to be very explicit that you want your benefits to start on the month you are applying for. If you do it in person or over the phone, there have been reports that the nice SSA person may try to "help" you by starting the benefits six (6) months retroactively. I don't remember...
by Ron
Fri Sep 13, 2019 10:57 am
Forum: Personal Finance (Not Investing)
Topic: social security benefit - confused about choosing start date
Replies: 32
Views: 2558

Re: social security benefit - confused about choosing start date

I’m looking at a somewhat similar situation and have a question. In the example cited above, and assuming that OP earns enough other income that his SS benefits are taxable, would OP have 11 months or 12 months of taxable SS income in 2020? I expect that the answer is 11 months, since that’s the nu...
by Ron
Fri Sep 13, 2019 9:39 am
Forum: Personal Finance (Not Investing)
Topic: social security benefit - confused about choosing start date
Replies: 32
Views: 2558

Re: social security benefit - confused about choosing start date

Your SS benefit starts in January (the month you were born). However, your first check is paid in February since you are paid one month in arrears. There is a comment section on the form that you can explain in plain English what your intent is. The only time that you must be of a claimant age for t...
by Ron
Thu Sep 12, 2019 5:55 pm
Forum: Personal Finance (Not Investing)
Topic: SS COLA projection for 2020
Replies: 5
Views: 1097

Re: SS COLA projection for 2020

The Senior Citizen League reports a slightly higher estimate on their Social Security COLA Drops to 1.6 Percent For 2020 web page. According to that web page "the Medicare Trustees have forecast that Part B premiums will increase from $135.50 to $144.30 per month". That is a 6.5% increase, much hig...
by Ron
Wed Sep 11, 2019 10:03 pm
Forum: Personal Consumer Issues
Topic: How old is your cellphone?
Replies: 159
Views: 7458

Re: How old is your cellphone?

Samsung S10e ; purchased one each for wife/me, earlier this year.

Each had a Samsung J5 for a few years; however only having 16G memory started to be a problem a bit over a year ago. The S10e w/256G (16x the J7) eliminated that problem easily.

- Ron
by Ron
Tue Sep 10, 2019 8:58 am
Forum: Personal Finance (Not Investing)
Topic: In retirement, a $100 monthly expense needs $30,000 in your portfolio
Replies: 68
Views: 6788

Re: In retirement, a $100 monthly expense needs $30,000 in your portfolio

Be it a cellphone, a mortgage note, or any other expense in retirement, remember that you not only have to pay the monthly charge/bill, but you also have to account for the taxes due on the withdrawal from your account or income in computing your actual expense. With the exception of withdrawals fro...
by Ron
Sun Sep 08, 2019 12:42 pm
Forum: Personal Consumer Issues
Topic: Retirees: Ever feel really lazy?
Replies: 42
Views: 5254

Re: Retirees: Ever feel really lazy?

I never wanted to do much before retirement, 12+ years ago.

I'm trying to maintain that outlook in retirement, even if I have an extreme urge to do something :mrgreen: ...

- Ron
by Ron
Wed Sep 04, 2019 10:32 am
Forum: Personal Finance (Not Investing)
Topic: Do you consider your house as part of your bond portfolio?
Replies: 52
Views: 2328

Re: Do you consider your house as part of your bond portfolio?

jebmke wrote:
Tue Sep 03, 2019 3:49 pm
I don't include it for any portfolio totals; I only include it on an asset inventory for estate planning purposes.
Same here.

- Ron
by Ron
Wed Aug 28, 2019 9:39 pm
Forum: Personal Consumer Issues
Topic: Diesel Chevy Equinox a good idea?
Replies: 36
Views: 1488

Re: Diesel Chevy Equinox a good idea?

<snip...>So there has to be more to the story of why someone would take a job with a 150 mile commute, and that's really what this is about. The weather just makes this a worse situation. I live 75 miles from NYC and as a "bedroom community" without rail and very limited bus service. There are a gr...
by Ron
Sat Aug 17, 2019 9:19 am
Forum: Personal Finance (Not Investing)
Topic: Taking a break in your 50s: Is it the kiss of death?
Replies: 86
Views: 8442

Re: Taking a break in your 50s: Is it the kiss of death?

I took a break from my job at the age of 59. Now age 71, and I never did get around to going back to my (or any) job :oops: ... So for me, it was the kiss of death; hopefully it will be a good amount of time until I leave the boarding platform and start that next great adventure :wink: ... - Ron
by Ron
Fri Aug 16, 2019 7:10 am
Forum: Personal Finance (Not Investing)
Topic: When to move into retirement
Replies: 72
Views: 5517

Re: When to move into retirement

I retired when the lines of financial independence and my overflowing work BS bucket intersected.

That was at age 59, just over a dozen years ago.

Truly, "living the dream".....

- Ron
by Ron
Sun Aug 04, 2019 10:20 pm
Forum: Investing - Theory, News & General
Topic: When taking RMD, better when market "high" or "low"
Replies: 28
Views: 2332

Re: When taking RMD, better when market "high" or "low"

Depending upon how you have your RMD structured, this could be a meaningless question. In my case, my yearly RMD is set up to occur on 1 April each year, and it is simply a transfer from a MM fund in my Vanguard IRA account to a MM fund in my Vanguard taxable account. I always have enough in the IR...
by Ron
Sun Aug 04, 2019 8:10 am
Forum: Personal Finance (Not Investing)
Topic: For long time retirees, do you use a spreadsheet?
Replies: 37
Views: 2692

Re: For long time retirees, do you use a spreadsheet?

You can call me a "spreadsheet wonk", since I worked in a position that did business statistical analysis for many years, starting out with Lotus 1-2-3 and then on to Excel. I didn't start tracking my personal investments until I retired, in early 2007. I also did not concern myself with really look...
by Ron
Thu Aug 01, 2019 8:03 am
Forum: Personal Finance (Not Investing)
Topic: Why won’t anyone hire me?
Replies: 156
Views: 15112

Re: Why won’t anyone hire me?

maria00200 wrote:
Thu Aug 01, 2019 7:29 am
I did consider a certificate but I'd be 50 when I was finished, even older. :shock: .
You'll be 50, no matter what. Would it not be better with a certificate at that age?

I started my undergrad degree at age 41. It's never too late to learn (Currently age 71 and still learning 8-) )

- Ron
by Ron
Tue Jul 30, 2019 10:13 am
Forum: Personal Finance (Not Investing)
Topic: The Quality of a Retirement with no Retirement Savings
Replies: 30
Views: 2988

Re: The Quality of a Retirement with no Retirement Savings

bigtex wrote:
Tue Jul 30, 2019 9:49 am
<snip...> His siblings will be old as well, so I don't know how they will care for him all that well or even desire to.
That where you will come in :? ...

- Ron
by Ron
Tue Jul 30, 2019 7:38 am
Forum: Personal Investments
Topic: Drawing from Portfolio to Delay Social Security
Replies: 16
Views: 1946

Re: Drawing from Portfolio to Delay Social Security

I retired at age 59, wife at age 64. We are both the same age. After I retired, I reduced a good portion (10%) of our TIRA joint holdings by purchasing a life joint/survivor (at 100%) SPIA, with a guaranteed period of 28 years with remaining payments to our estate if we both/either did not live unti...
by Ron
Mon Jul 29, 2019 1:33 pm
Forum: Personal Consumer Issues
Topic: Whole-house generators - Generac, Kohler, or Briggs?
Replies: 145
Views: 6650

Re: Whole-house generators - Generac, Kohler, or Briggs?

We had our Honeywell 20Kw unit installed five years ago. Generac/Honeywell have a cross-marketing agreement (since Honeywell makes the transfer switch) and the only thing that is labeled "Honeywell" is the logo on the outer skin. All internal parts are actually Generac. The cost at that time for the...
by Ron
Sat Jul 27, 2019 2:42 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security, switching benefits
Replies: 2
Views: 527

Re: Social Security, switching benefits

Probably since there is no magic in the procedure. My wife file a restricted application for 50% of my FRA benefit when she turned 66, her FRA. I had turned 66 a few months earlier. When she turned 70, she filed for her own benefit, as normal. Since she was collecting on my record between age 66-69,...
by Ron
Sat Jul 27, 2019 7:35 am
Forum: Personal Finance (Not Investing)
Topic: How much to save?
Replies: 53
Views: 4733

Re: How much to save?

During the last decade of our employment, we saved/invested 33% of our total gross income. That includes contributions from our respective employers to our 401(k) plans (no Roth 401(k)'s in our day). We started out slow, starting in 1982 (the first year we were eligible for a TIRA; 401(k)'s were off...
by Ron
Thu Jul 25, 2019 3:06 pm
Forum: Personal Consumer Issues
Topic: Plane maintenance - 6.5 hour delay - any recourse?
Replies: 51
Views: 4079

Re: Plane maintenance - 6.5 hour delay - any recourse?

We had this happen to us last year. Our flight from Bergen, Norway to Amsterdam was delayed by four hours, missing our hop from Amsterdam to Newark. The airline (Scandinavian-SAS) put us up in a hotel overnight, paid for dinner and taxi to/from the hotel. We put the claim (as referenced above) and r...
by Ron
Thu Jul 25, 2019 2:56 pm
Forum: Personal Consumer Issues
Topic: Does your bank charge fees for personal ACH transfers to other banks?
Replies: 32
Views: 1676

Re: Does your bank charge fees for personal ACH transfers to other banks?

Yes, some banks do charge to initiate ACH transfers. You can get around it by pushing/pulling from an outside account that does not charge for it. My credit union even charges for bill payment, even though most payees can accept payment through ACH. Exactly; initiate the request from the receiving ...
by Ron
Thu Jul 25, 2019 6:48 am
Forum: Personal Finance (Not Investing)
Topic: How do you deal with looking bad compared to others?
Replies: 77
Views: 5252

Re: How do you deal with looking bad compared to others?

What you think of me is none of my business...

- Ron
by Ron
Wed Jul 24, 2019 12:43 pm
Forum: Personal Finance (Not Investing)
Topic: If you are already retired.. is this true?
Replies: 49
Views: 6064

Re: If you are already retired.. is this true?

According to the calculation, I/we should have an additional $1.1M in our retirement kitty.

No way am I (nor my wife) are going back to hel* (e.g. work) to meet the calculation :twisted: ...

BTW, both age 71; I've been retired 12 years; wife, 7 years.

FWIW,

- Ron
by Ron
Mon Jul 22, 2019 2:29 pm
Forum: Personal Finance (Not Investing)
Topic: Accounts that take foreign currency (London Oyster card refund)?
Replies: 6
Views: 446

Re: Accounts that take foreign currency (London Oyster card refund)?

Here's one reference: https://www.wikihow.com/Transfer-Euros-to-a-US-Bank-Account Last year, I received 1200EU from Lufthansa for a delayed flight from Europe back to the US. They approved the claim and transferred the funds using the SWIFTBIC code for my bank, REF: https://www.theswiftcodes.com/ It...
by Ron
Sat Jul 20, 2019 8:31 am
Forum: Personal Consumer Issues
Topic: Phone options when traveling out of country?
Replies: 25
Views: 1939

Re: T-Mobile

Bogle7 wrote:
Mon Jul 15, 2019 11:24 am
T-Mobile service for us.
Works worldwide.
Just step off the plane and you are good to go.
:thumbsup Exactly; we've used our T-M handsets in North/South America and Europe with no data charges. Additionally, phone call charges (when not using VOIP) are quite reasonable.

- Ron
by Ron
Sat Jul 20, 2019 8:17 am
Forum: Investing - Theory, News & General
Topic: 60/40 VS 30/70 "Center Of Gravity"@@ Allocation for Retirees ??? Bernstein VS Ferri ?? -- What Would You Do?
Replies: 189
Views: 18919

Re: 60/40 VS 30/70 "Center Of Gravity"@@ Allocation for Retirees ??? Bernstein VS Ferri ?? -- What Would You Do?

<snip...> First, many investors don't simply have their own goals in mind when investing; many, including myself, are investing for others as well, such as heirs and/or charity (i.e. in Bernstein's lingo, the 'game' is never 'won'). All investors are unique themselves and in unique situations, whic...
by Ron
Fri Jul 19, 2019 10:40 am
Forum: Personal Consumer Issues
Topic: Do you buy cellphone outright or pay over 2 years?
Replies: 129
Views: 8260

Re: Do you buy cellphone outright or pay over 2 years?

Just purchased 2 Samsung S10e's last week from T-Mobile to replace our J7's that we've been using over the last 3+ years. The J7's replaced our Nokia Windows phones (first smart phones we've had) many years ago. In all cases, we paid cash. Being older, I/we don't worry about a few pennies we would g...
by Ron
Wed Jul 17, 2019 12:27 pm
Forum: Personal Finance (Not Investing)
Topic: Working 4 days a week?
Replies: 39
Views: 3050

Re: Working 4 days a week?

If you can reduce hours and actually work reduced hours, this sounds great. I've seen more than one manager who isn't quite ready to retire but wants more time off drop to 4 days a week for 80% of salary. Every one of them ended up working longer hours for the 4 days they were in and most came in o...
by Ron
Fri Jul 12, 2019 2:35 pm
Forum: Personal Consumer Issues
Topic: Should I Buy a Motorcycle?
Replies: 59
Views: 2930

Re: Should I Buy a Motorcycle?

Not a time to be looking for a toy, imho. What are you putting into your retirement funds? Teamster pension is the only "retirement" that's building other than SS. I would be concerned due to the problems reported with multi-employer pension plans - which the Teamsters have: https://www.treasury.go...
by Ron
Tue Jul 09, 2019 5:48 pm
Forum: Investing - Theory, News & General
Topic: Retired: Do you withdraw from investments or cash ?
Replies: 68
Views: 8169

Re: Retired: Do you withdraw from investments or cash ?

BTW, we looked at that cash as a non-performing bond holding in our long term 60/40 AA target. - Ron I appreciate this snippet Ron. I do wonder where to place cash in my AA. Is it xx/xx/xx or just xx/xx. Thanks for adding this piece. I/we use it as xx/xx in our 60/40 AA target with 60% being equiti...
by Ron
Fri Jul 05, 2019 10:51 am
Forum: Investing - Theory, News & General
Topic: Retired: Do you withdraw from investments or cash ?
Replies: 68
Views: 8169

Re: Retired: Do you withdraw from investments or cash ?

Although there are some posters who have been spending their portfolio assets for decades, many of the posters above have been retired only "for a few years." In fact, with this incredible bull market over the past decade, it hasn't really made much difference how people have accessed cash because ...
by Ron
Fri Jul 05, 2019 7:02 am
Forum: Personal Investments
Topic: With a Pension should I start Roth versions of my Employer retirement accounts
Replies: 13
Views: 974

Re: With a Pension should I start Roth versions of my Employer retirement accounts

I am currently in 22% fed bracket, I don’t think I will ever be below the 22% bracket or maybe even the 24% bracket plus I have the CA state tax at 9.3%. FWIW, wife/me were in the 25% Federal bracket during our first eleven years of retirement (2007-17). Last year, it dropped to 22% with the Federa...
by Ron
Thu Jul 04, 2019 7:54 am
Forum: Investing - Theory, News & General
Topic: Retired: Do you withdraw from investments or cash ?
Replies: 68
Views: 8169

Re: Retired: Do you withdraw from investments or cash ?

We receive 75% of our retirement income from sources other than our investments; e.g. SS, pension, SPIA, etc. The remaining 25% comes via our RMD's, which is currently managed by "cashing out" our accumulated dividends/gains obtained over the year. We don't have any taxable investments. Each of us h...
by Ron
Tue Jun 25, 2019 8:08 am
Forum: Personal Finance (Not Investing)
Topic: How did you lower your annual expenses?
Replies: 145
Views: 13569

Re: How did you lower your annual expenses?

Seriously consider paying cash for all expenses like groceries, eating out, entertainment, and clothing. My parents used envelopes containing the weekly (or monthly) budget for each of those items. Once the money was gone, no more spending in that category until the next week or month rolled around...
by Ron
Sun Jun 23, 2019 8:47 am
Forum: Forum Issues and Administration
Topic: Why not add a forum "Ask a Retiree"
Replies: 11
Views: 1088

Re: Why not add a forum "Ask a Retiree"

As a bleeding edge Boomer that retired over a dozen years ago, few suggestions/opinions would apply to today's pre-retirees, especially those in their prime working years. I/wife didn't start investing for retirement until we we were both 34 years of age. Most folks today (if they are concerned with...
by Ron
Thu Jun 13, 2019 3:12 pm
Forum: Personal Consumer Issues
Topic: Cartier bracelet
Replies: 40
Views: 3412

Re: Cartier bracelet

So I want to buy my wife a Cartier bracelet for her birthday. Anyone know how to get discounts on these things? They're pretty expensive ~5k. Is your time worth searching for a discount? Any minor discount should be immaterial to you: you've mentioned that you are in the top tax bracket and implied...
by Ron
Wed Jun 12, 2019 4:38 pm
Forum: Personal Consumer Issues
Topic: Recommend an American medium size car
Replies: 32
Views: 2490

Re: Recommend an American medium size car

I own BMW. Those profits either get invested in a business I own or distributed to me. Then you own BMW, which is listed under Bayerische Motoren Werke Aktiengesellschafton on the German Market - not in the US. As I said, profits (and of course losses) go back to the "mother/fatherland" assuming th...
by Ron
Wed Jun 12, 2019 1:33 pm
Forum: Personal Consumer Issues
Topic: Recommend an American medium size car
Replies: 32
Views: 2490

Re: Recommend an American medium size car

<snip...> And FWIW when I buy a BMW the profits don't go to Germany. They go into my pocket:). How do you figure that? If you work as a supplier to the BMW plant, your cost is part of the MSRP. If you work as an assembler in the plant, your cost is part of the MSRP (labor, material, burden costs). ...
by Ron
Wed Jun 12, 2019 8:27 am
Forum: Personal Consumer Issues
Topic: Recommend an American medium size car
Replies: 32
Views: 2490

Re: Recommend an American medium size car

For me, the term "American" means where the profit goes on the initial sale of a new car; it does not apply to used vehicles. You can buy a Mustang, assembled in Mexico (as mine is), with the profit going back to the "home country" of Ford - e.g. the USA. You can buy a Subaru manufactured in the U.S...
by Ron
Tue Jun 04, 2019 1:33 pm
Forum: Personal Finance (Not Investing)
Topic: Required Minimum Distributions
Replies: 61
Views: 5665

Re: Required Minimum Distributions

...Since our RMD's are fully funded by fund distributions - with the vast majority coming in December of the previous year... Hmm, stock fund dividends are around 2% per year right now. And I'm not up to speed on bond funds but aren't they around 3% per year? So I don't see how you get close to 4% ...
by Ron
Tue Jun 04, 2019 9:50 am
Forum: Personal Finance (Not Investing)
Topic: Required Minimum Distributions
Replies: 61
Views: 5665

Re: Required Minimum Distributions

Since our RMD's are fully funded by fund distributions - with the vast majority coming in December of the previous year, we don't worry if the market is up or down (as it was last December) when we execute our RMD's. - Ron Ron: Are you saying that basically whatever distributions spin off the inves...
by Ron
Tue Jun 04, 2019 9:28 am
Forum: Personal Finance (Not Investing)
Topic: Required Minimum Distributions
Replies: 61
Views: 5665

Re: Required Minimum Distributions

We're only into the second year of RMD's, but we also are ones to play it safe and take them in January of the year. RMD's are known after the year closes on December 31st (or the last business day). Our RMD amounts are confirmed by the first business day of the new year by our investment firms, and...
by Ron
Sat Jun 01, 2019 7:55 am
Forum: Personal Finance (Not Investing)
Topic: Quicken Fidelity account download [not working]
Replies: 9
Views: 620

Re: Quicken Fidelity account download

Either Quicken or FIDO (or both) is doing program maintenance. It also failed last Saturday/Sunday during the three day holiday weekend. It was working on Monday (holiday). Probably still doing/redoing maintenance activities. I would count on it being fixed by tomorrow, before Monday's market open. ...
by Ron
Thu May 30, 2019 2:09 pm
Forum: Personal Consumer Issues
Topic: No more print Money magazine
Replies: 109
Views: 14634

Re: No more print Money magazine

I thought it was illegal to print Money :oops:

- Ron
by Ron
Thu May 30, 2019 2:02 pm
Forum: Investing - Theory, News & General
Topic: [Nominal] Annuities are a bet on future inflation rates and should not be purchased by retirees
Replies: 183
Views: 13408

Re: Annuities are a bet on future inflation rates and should not be purchased by retirees

<Snip> (No need to re-post long comments 8-) ) And another point, related to this thread, is that over the past 12 years of relatively low inflation (including a almost unheard of year of deflation), the purchasing power of your annuity income is still down about 20%. So if you had monthly income o...
by Ron
Wed May 29, 2019 1:02 pm
Forum: Investing - Theory, News & General
Topic: [Nominal] Annuities are a bet on future inflation rates and should not be purchased by retirees
Replies: 183
Views: 13408

Re: Annuities are a bet on future inflation rates and should not be purchased by retirees

I purchased a nominal annuity shortly after the age of 59.5, the year I retired in 2007 - just over 12 years ago. While I was concerned about inflation, I wasn't consumed by it. My wife/me had three notes/mortgages through the years; the first at 10% (1975), the second at 10% (1979) and our last at ...
by Ron
Wed May 29, 2019 7:51 am
Forum: Personal Finance (Not Investing)
Topic: Fun paid jobs after FIRE
Replies: 180
Views: 17277

Re: Fun paid jobs after FIRE

There are no "jobs" after FIRE. If you have a job, you aren't FIRE'd. Sure, you can have one or many hobbies. If your idea of a hobby is to put on a fancy red vest and play the "expert" at ACE, then more power to you! :beer Many people don't agree with this. For many, FIRE means you have the freedo...