Search found 6400 matches

by Ron
Thu Jun 13, 2019 3:12 pm
Forum: Personal Consumer Issues
Topic: Cartier bracelet
Replies: 40
Views: 3077

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: 2264

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: 2264

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: 2264

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: 57
Views: 4548

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: 57
Views: 4548

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: 57
Views: 4548

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: 518

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: 87
Views: 8563

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: Annuities are a bet on future inflation rates and should not be purchased by retirees
Replies: 176
Views: 11738

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: Annuities are a bet on future inflation rates and should not be purchased by retirees
Replies: 176
Views: 11738

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: 171
Views: 14859

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...
by Ron
Mon May 27, 2019 7:48 am
Forum: Investing - Theory, News & General
Topic: How to retire early by targeting a low/zero balance at the end of life?
Replies: 48
Views: 5278

Re: How to retire early by targeting a low/zero balance at the end of life?

ResearchMed wrote:
Sat May 25, 2019 11:01 pm
yousha wrote:
Sat May 25, 2019 2:45 pm
Wouldn't it be great if you could die broke!
Well, only sort of.

The real trick would be NOT to "go broke" a bit too soon...
That could be catastrophic.

RM
I've always said that I would rather die with money than live without it.

- Ron
by Ron
Wed May 22, 2019 9:19 am
Forum: Investing - Theory, News & General
Topic: Delaying social security = harming nest egg?
Replies: 74
Views: 6238

Re: Delaying social security = harming nest egg?

One thing to be considered is the change in FIT when considering any SS claiming scenario, since increased SS benefits also result in less FIT tax due. Using both TT2018 and the https://www.dinkytown.net/taxes.html calculators to do an early check on 2019 taxes, we are going to be dropping from the ...
by Ron
Tue May 21, 2019 9:51 am
Forum: Personal Investments
Topic: Is there a way to get monthly statements from Vanguard retirement accounts?
Replies: 3
Views: 495

Re: Is there a way to get monthly statements from Vanguard retirement accounts?

Go to the statements screen; look to the extreme right for the "Create account valuation report" link. You can create one for any date you choose, for the last seven years, showing the balances on the date selected. You won't get individual transactions for the period, but the report may be good eno...
by Ron
Mon May 20, 2019 7:22 am
Forum: Personal Finance (Not Investing)
Topic: Completely freaked out about withdrawing from retirement accounts....
Replies: 75
Views: 10203

Re: completely freaked out about withdrawing from retirement accounts....

But I need to know, is this hesitancy to touch my retirement funds something that folks go through? Or do other people just get over it? I think it varies. I pulled the plug in December, 2017 - no pension, no SS. It was either touch portfolio or not eat. You get over it. Exactly... I retired at age...
by Ron
Sun May 19, 2019 12:35 pm
Forum: Personal Consumer Issues
Topic: Anyone have a GMC Acadia? Or similar?
Replies: 27
Views: 1610

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: 1031

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: 4077

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: 1887

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: 7214

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: 10456

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: 944

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: 1516

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: 3747

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: 2241

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: 5108

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: 12183

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: 4681

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: 659

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: 1118

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: 6809

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: 4159

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: 3042

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: 11814

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: 11814

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: 7099

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: 10329

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: 4186

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: 4915

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: 14670

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: 10921

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: 1580

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: 4225

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: 1665

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: 8383

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: 2390

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: 1518

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: 686

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...