Search found 6198 matches

by Ron
Fri May 18, 2018 8:26 am
Forum: Personal Consumer Issues
Topic: Locking a tote bag?
Replies: 11
Views: 518

Re: Locking a tote bag?

If you have a zipper, you have no security; all you need is a ballpoint pen to open it:

https://snapguide.com/guides/open-a-loc ... point-pen/

- Ron
by Ron
Wed May 16, 2018 9:51 am
Forum: Personal Finance (Not Investing)
Topic: Do I tell Social Security I retired?
Replies: 32
Views: 3914

Re: Do I tell Social Security I retired?

Since once upon a time SS benefits were tax free at the Federal level, I think it may be short-sighted to consider 85% of benefits being taxable to be a discount, compliments of Congress... It's part of putting lipstick on a pig; you try to make any situation look better than it actually is :mrgree...
by Ron
Wed May 16, 2018 9:40 am
Forum: Personal Finance (Not Investing)
Topic: Do I tell Social Security I retired?
Replies: 32
Views: 3914

Re: Do I tell Social Security I retired?

My wife and I start receiving benefits this year, and like Wizard will have 85% of SS subject to federal taxation, which will continue for the foreseeable future. Many see that as a negative, I see it as a 15% discount. There are also those who can't see the forest for the trees, concentrating on f...
by Ron
Wed May 16, 2018 7:58 am
Forum: Personal Consumer Issues
Topic: New motorcycle rider
Replies: 106
Views: 4296

Re: New motorcycle rider

I'll add my comment of been there, done that, don't do that anymore. I started with my first bike at age 19 and progressed through three rice burners. I could not afford a Harley; and anyway, that was back in the days that AMF owned the brand. It was hard to justify purchase of a bike made by a bowl...
by Ron
Sun May 13, 2018 4:59 pm
Forum: Personal Consumer Issues
Topic: Why did Capital One 360 say my cell phone couldn't be verified?
Replies: 9
Views: 973

Re: Why did Capital One 360 say my cell phone couldn't be verified?

Only bad people use burner phones - or so they portray in police series on TV! :mrgreen: :mrgreen: :mrgreen:

- Ron
by Ron
Sun May 13, 2018 10:34 am
Forum: Personal Consumer Issues
Topic: Subaru Crosstrek vs Outback
Replies: 32
Views: 2300

Re: Subaru Crosstrek vs Outback

It may be too large for you today, but you might want to look at their new offering this summer - the Subaru Ascent, in case you may need additional room in the future:

https://en.wikipedia.org/wiki/Subaru_Ascent

- Ron
by Ron
Sun May 13, 2018 7:02 am
Forum: Personal Finance (Not Investing)
Topic: Applying for Social Security Online
Replies: 19
Views: 1641

Re: Applying for Social Security Online

I will. He said I would be getting a letter on June 30th. My birthday is July 2nd. Weird. I turned 70 this past January. I didn't receive my benefit letter from SSA until January 31 for my first scheduled deposit less than two weeks later, in February. My wife turns 70 this month (May); she didn't ...
by Ron
Sat May 12, 2018 8:20 am
Forum: Investing - Theory, News & General
Topic: Withdrawal Rates – Part 24: Flexibility Myths vs. Reality
Replies: 72
Views: 7907

Re: Withdrawal Rates – Part 24: Flexibility Myths vs. Reality

In Taylor's case, that $1M was worth (adjusting for inflation) $2,582,948.45 today, in addition to a pension and retirement benefits at the time of retirement. I would say that he certainly has/had more flexibility than most in his withdrawals over the years, when compared to today's retiree who is ...
by Ron
Fri May 11, 2018 4:21 pm
Forum: Personal Consumer Issues
Topic: Locking Automatic Pill Dispensers
Replies: 4
Views: 471

Re: Locking Automatic Pill Dispensers

This is what we use for our disabled son, who lives in his own apartment: https://www.medminder.com/ While we use the unlocked box (Maya), you can get a lockable box that only unlocks on the day/times required. It certainly has worked out well, in our case. We get notified (text/phone/email - depend...
by Ron
Fri May 11, 2018 4:01 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with cash remnants in retirement accounts?
Replies: 7
Views: 929

Re: What to do with cash remnants in retirement accounts?

Just a side note on "cash remnants" in accounts. I received a notice from my CU about an account that must be tapped for RMD's, starting this year. The IRA account was opened many decades ago, but it was little used once I started investing in mutual funds. The current account balance? $.80. The cal...
by Ron
Mon May 07, 2018 9:38 am
Forum: Investing - Theory, News & General
Topic: What Percentage CASH are you?
Replies: 168
Views: 16844

Re: What Percentage CASH are you?

When I retired in early 2007 at age 59, my wife/me held ~20% of our portfolio in cash. That represented 4 years in budgeted expenses (included taxes due on withdrawals). Good thing we did, considering what happened in 2008-09. Today, with both of us at age 70 and firing on all cylinders (e.g. all ou...
by Ron
Mon May 07, 2018 9:00 am
Forum: Investing - Help with Personal Investments
Topic: Factors Suggesting One Should Buy SPIA
Replies: 90
Views: 6469

Re: Factors Suggesting One Should Buy SPIA

My biggest reason for not planning on using an annuity is a strong pension starting at 55 which, with SS later in life, should cover most expenses. These monthly checks will cover everyday expenses, with 401k and other savings serving to pay for all the good things in retirement. And I purchased an...
by Ron
Sun May 06, 2018 9:43 pm
Forum: Personal Consumer Issues
Topic: Warning: avoid Windows 10 update 1803
Replies: 91
Views: 8807

Re: Warning: avoid Windows 10 update 1803

Updated today; no problems with update nor any program problems found.

- Ron
by Ron
Sat Apr 28, 2018 4:14 pm
Forum: Investing - Help with Personal Investments
Topic: Automatic scheduled withdrawals from Vanguard Money Market?
Replies: 1
Views: 340

Re: Automatic scheduled withdrawals from Vanguard Money Market?

https://personal.vanguard.com/us/literature/search?searchInput=DS01&search_mode=true My wife gets a "paycheck" on the 25th of the month, transferring a set amount from her VG IRA MM account to both pay FIT on the withdrawal and the remainder to her bank account. It can be set up/modified on-line eas...
by Ron
Fri Apr 20, 2018 3:45 pm
Forum: Personal Finance (Not Investing)
Topic: Applying for Social Security Online
Replies: 19
Views: 1641

Re: Applying for Social Security Online

Speaking of which, the last agent I spoke with said that I would have to re-file once I turned 70 to receive my own benefit, which was apparently untrue in your case. No; it should be handled automatically as referenced in a previous posting of mine: https://www.bogleheads.org/forum/viewtopic.php?f...
by Ron
Fri Apr 20, 2018 11:09 am
Forum: Personal Finance (Not Investing)
Topic: Applying for Social Security Online
Replies: 19
Views: 1641

Re: Applying for Social Security Online

My wife's birthday is also in May, with the first payment due in June. However, her current on-line status shows "02/05/2018 Benefit Application Pending" (she applied on 2/5). I'm sure this is because her claim requires "special handling" in order to apply her 48 months of Delayed Retirement Credits...
by Ron
Sat Apr 14, 2018 10:52 am
Forum: Personal Finance (Not Investing)
Topic: Could you support family on 1 income?
Replies: 88
Views: 6016

Re: Could you support family on 1 income?

I'd just like to point out that among active duty military families, for a variety of reasons, living on one income is the norm, almost regardless of the spouse's education level or the service member's rank/income. This is a good primer on the issue which states that only 38% of military spouses a...
by Ron
Sat Apr 14, 2018 8:30 am
Forum: Investing - Theory, News & General
Topic: Social Security survivor benefit
Replies: 11
Views: 782

Re: Social Security survivor benefit

SSI or SS?

SSI is state dependent and may have different benefits depending on the state of residence.

It is not to be confused with the federal SS program.

You state SS in the title, but then you reference SSI in your comment.

- Ron
by Ron
Wed Apr 11, 2018 2:10 pm
Forum: Personal Consumer Issues
Topic: Redesigned 2019 Forester - details now available
Replies: 21
Views: 3896

Re: Redesigned 2019 Forester - details now available

I’d go nuts driving manual in the city, so not an issue for me. I don’t really see anything compelling in the redesign specs you mention. I like my 2015. But it has a weird issue with the electrical where it reboots the system randomly, and it seems to be rough on the battery . My 2017 Outback had ...
by Ron
Tue Apr 10, 2018 7:48 pm
Forum: Investing - Help with Personal Investments
Topic: SPIA Return - Am I calculating this correctly?
Replies: 72
Views: 2952

Re: SPIA Return - Am I calculating this correctly?

My understanding is that taxes are paid on the 132k . No taxes on the rest since that is return of OP's money. Unless the premium is paid with qualified funds, such as from a TIRA or 401(K). In that case, all payouts will become taxable, in the year they are paid. A plus for an SPIA funded with qua...
by Ron
Tue Apr 10, 2018 8:09 am
Forum: Investing - Theory, News & General
Topic: Why not annuitize most of portfolio?
Replies: 104
Views: 8413

Re: Why not annuitize most of portfolio?

"Why not annuitize most of portfolio?" Simply, because you can't/shouldn't annuitize "most" of your investments. When I purchased my SPIA upon retirement, at age 59, I had to "certify" while filling out the paperwork that the annuity I was purchasing, along with all other existing annuities I had (...
by Ron
Sun Apr 08, 2018 4:42 pm
Forum: Personal Finance (Not Investing)
Topic: Trustees of Special Need Trusts - Who Files your Beneficiary's 1040?
Replies: 9
Views: 570

Re: Trustees of Special Need Trusts - Who Files your Beneficiary's 1040?

While we don't use LPL financial as an investment adviser for our disabled son's SNT, we do use the services of their Trust affiliation that will manage tax filings after we're gone: http://theprivatetrustcompany.com/services/trust-administration/ This is set up in my/wife's will/trust documents as ...
by Ron
Fri Apr 06, 2018 3:15 pm
Forum: Personal Consumer Issues
Topic: Want/need some income in semi-retirement
Replies: 90
Views: 6683

Re: Want/need some income in semi-retirement

Might be best to look at what you spend and reduce that. None of the suggestions here are more than a stopgap. You will get older, but you will do it with the same expenses. If you take a job that brings in that amount, can you sustain that work going forward? You stated you want/need this 1-1.5k m...
by Ron
Fri Apr 06, 2018 11:12 am
Forum: Personal Finance (Not Investing)
Topic: Permanent DINK couples - Considerations, thoughts, etc?
Replies: 40
Views: 4550

Re: Permanent DINK couples - Considerations, thoughts, etc?

ksualum wrote:
Fri Apr 06, 2018 10:43 am
<snip...> The experiment will end in 20 years when she is hopefully out of the house . . . . I'll keep everyone posted yearly . . . :wink: :beer
And then possibly there are grand-kids.

The cycle doesn't necessarily end - but you will :mrgreen: ...

- Ron
by Ron
Fri Apr 06, 2018 10:14 am
Forum: Personal Finance (Not Investing)
Topic: Permanent DINK couples - Considerations, thoughts, etc?
Replies: 40
Views: 4550

Re: Permanent DINK couples - Considerations, thoughts, etc?

CULater wrote:
Fri Apr 06, 2018 10:08 am
What's a DINK?
Dual Income, No Kids...

- Ron
by Ron
Wed Apr 04, 2018 11:08 am
Forum: Personal Consumer Issues
Topic: Want/need some income in semi-retirement
Replies: 90
Views: 6683

Re: Want/need some income in semi-retirement

RMD's?

- Ron
by Ron
Wed Apr 04, 2018 7:39 am
Forum: Personal Finance (Not Investing)
Topic: 2018 Camry. What's wrong with me?
Replies: 99
Views: 5694

Re: 2018 Camry. What's wrong with me?

That's why I have two cars, one for my body - one for my soul.

- Ron
by Ron
Tue Apr 03, 2018 9:51 pm
Forum: Investing - Help with Personal Investments
Topic: Annuity w guaranteed 5-6% return [payout]?
Replies: 50
Views: 4707

Re: Annuity w guaranteed 5-6% return [payout]?

jpsc wrote:
Tue Apr 03, 2018 9:46 pm
I can't seem to find SPIA in Fidelity - does Fidelity has a different name?
https://www.fidelity.com/annuities/imme ... es/compare

- Ron
by Ron
Tue Apr 03, 2018 8:28 am
Forum: Personal Finance (Not Investing)
Topic: Liability for 32 year old step son living home
Replies: 79
Views: 8548

Re: Liability for 32 year old step son living home

TxAg wrote:
Mon Apr 02, 2018 8:37 pm
Did we have these kinds of issues 40+ years ago?
How about 20+ years ago?

http://homes.chass.utoronto.ca/~ngargan ... a.art.html

- Ron
by Ron
Mon Apr 02, 2018 3:07 pm
Forum: Investing - Help with Personal Investments
Topic: Annuity w guaranteed 5-6% return [payout]?
Replies: 50
Views: 4707

Re: Annuity w guaranteed 5-6% return?

I would say that the quoted return includes a portion of the premium paid. That means the insurance company is including the policy holders own money in the return, rather than stating an IRR without any returned premium. As a comparison, I purchased an immediate annuity (SPIA - Single Premium Incom...
by Ron
Sat Mar 31, 2018 11:59 am
Forum: Investing - Theory, News & General
Topic: Nice article on saving money and financial independence
Replies: 36
Views: 5238

Re: Nice article on saving money and financial independence

this article doesn't add up. as someone else has pointed already, she needs $1.2M to sustain a monthly $2k income. if she's able to save 3/4 of her $75k income, that means 56k saved every year. assuming 56k contributions yearly, and 6% RoR, she needs 14-15 years to reach 1.2M. so she was "near-brok...
by Ron
Sat Mar 31, 2018 11:22 am
Forum: Investing - Theory, News & General
Topic: Nice article on saving money and financial independence
Replies: 36
Views: 5238

Re: Nice article on saving money and financial independence

"Her goal is to amass a portfolio that throws off $2,000 a month for life..." Assuming she's looking at dividends ("throw off" rather than sell), and being the long term dividend rate is right around 2%, that means that she needs to have at least a portfolio valued at $1.2M. Not an impossible situa...
by Ron
Sat Mar 31, 2018 9:07 am
Forum: Personal Consumer Issues
Topic: Portable Inverter Generator vs Standby Generator
Replies: 78
Views: 3173

Re: Portable Inverter Generator vs Standby Generator

For planning purposes.... 20 KW propane @ 50% load is 2 gph - 500 gallon tank with head space and minimal pressure at low level is 80% - 80% of 500 gallons is 400 gallons. So assuming a completely 'full' tank your run time should be 200 hrs. at 1/2 load. At full load that would be less than 120 hrs...
by Ron
Sat Mar 31, 2018 8:08 am
Forum: Personal Consumer Issues
Topic: Portable Inverter Generator vs Standby Generator
Replies: 78
Views: 3173

Re: Portable Inverter Generator vs Standby Generator

It seems most of you are advising to go for the $4k 5.5/7kw honda inverter vs the $11k 22kw Generac standby. When I could only afford a portable unit, that's what I had (and still do, for miscellaneous outdoor work where I don't want to string a long extension cord). As I aged (currently 70) and I ...
by Ron
Wed Mar 28, 2018 12:55 pm
Forum: Local Chapters and Bogleheads Community
Topic: A lot of heavy hitters this morning
Replies: 244
Views: 18689

Re: A lot of heavy hitters this morning

Just remember, when folks start to talk about their 7 figure portfolios, that could mean anything from $10,000.00 to $9,999,999.

Both amounts have seven (digit) figures :mrgreen: ...

- Ron
by Ron
Wed Mar 28, 2018 8:01 am
Forum: Investing - Theory, News & General
Topic: How old were you when you started spending your “principal”?
Replies: 90
Views: 8314

Re: How old were you when you started spending your “principal”?

Ron, may I ask at what age you bought the annuity and your reasoning for doing so? An annuity is my backup plan but I'm pretty sure I won't need it as my SS is unbelievably high, almost close to the max, and I was lucky enough to retire 3 years ago into a strong market. I purchased the SPIA when I ...
by Ron
Tue Mar 27, 2018 1:41 pm
Forum: Personal Finance (Not Investing)
Topic: Can someone list all the benefits of "FRA" ? [vs taking SS one month before FRA]
Replies: 12
Views: 1111

Re: Can someone list all the benefits of "FRA" ? [vs taking SS one month before FRA]

There’s also the issue of when you actually get “credited” for your delay... can’t remember exactly where, but saw that the SS doesn’t actually change your amounts until the next year,if after the middle of the year, so if FRA is in August it might be better to delay until you can start in January....
by Ron
Tue Mar 27, 2018 9:23 am
Forum: Personal Finance (Not Investing)
Topic: When to Take Social Security (again...)
Replies: 62
Views: 5324

Re: When to Take Social Security (again...)

<snip...> My projections said that I would have enough money to make it until I turned age 103. Before anybody speaks negatively about that statement, a "senior" up the street (a Pearl Harbor survivor) celebrated his 103rd birthday last Sunday :shock: ... BTW, the first person to receive SS, Ida Ma...
by Ron
Tue Mar 27, 2018 8:54 am
Forum: Personal Finance (Not Investing)
Topic: Retirees: How does your retirement spending compare to pre-retirement spending?
Replies: 48
Views: 6544

Re: Retirees: How does your retirement spending compare to pre-retirement spending?

<snip...> Our spending in retirement is "higher" (by a fair degree) than our pre-retirement spending. The primary reason is travel and entertainment. Consider that pre-retirement most folks live below their means (so they can afford to retire one day). Once retired, folks may want to live "up to" t...
by Ron
Tue Mar 27, 2018 8:41 am
Forum: Investing - Theory, News & General
Topic: Grok's LMP-4: The 3-legged stool approach to retirement planning
Replies: 114
Views: 7926

Re: Grok's LMP-4: The 3-legged stool approach to retirement planning

I guess I plan a 2-legged approach. I wish I had a pension coming my way, but I don't. Still I see no need for annuities. That's inteesting. As per my post i am not a huge fan of buying individual annuities at an early age, ie at 65. But i think they can play a useful role later in retirement, say ...
by Ron
Mon Mar 26, 2018 8:45 am
Forum: Investing - Theory, News & General
Topic: How old were you when you started spending your “principal”?
Replies: 90
Views: 8314

Re: How old were you when you started spending your “principal”?

I'll be retired 11 years come May. I have yet to exceed the amount of savings/investments that I had on day one of retirement. I guess that means that I started spending principal at age 59. Of course, I retired a bit earlier than some without any retirement income other than my investments and have...
by Ron
Sat Mar 24, 2018 11:03 am
Forum: Personal Consumer Issues
Topic: Drink package on Royal Caribbean, worth it?
Replies: 73
Views: 6925

Re: Drink package on Royal Caribbean, worth it?

If they didn't make money on the package, they would not offer it. Sounds like a food/restaurant deal I had decades ago when I took the family to Disney World. Wound up making early morning reservations for lunch/dinner every day to ensure we could get into the most expensive restaurants in order to...
by Ron
Fri Mar 23, 2018 3:43 pm
Forum: Personal Finance (Not Investing)
Topic: Losing friends/family when wealthy
Replies: 118
Views: 10449

Re: Losing friends/family when wealthy

I wouldn't worry about it.

If you have enough money, you can buy your own friends and family :mrgreen: ...

- Ron
by Ron
Fri Mar 23, 2018 3:40 pm
Forum: Personal Finance (Not Investing)
Topic: What is the sentence for laminating a Medicare Card?
Replies: 20
Views: 3177

Re: What is the sentence for laminating a Medicare Card?

<snip...> It'll be interesting to see how smoothly the new cards initially work with providers. I'm hoping that mine is not one of the earlier ones issued. I don't foresee a problem. Medicare is already using alternative numbers for claims submittal; my wife's Medicare card has my number on it, sin...
by Ron
Fri Mar 23, 2018 2:23 pm
Forum: Personal Finance (Not Investing)
Topic: What Budget? Do you keep one?
Replies: 116
Views: 7357

Re: What Budget? Do you keep one?

"We can go from spending roughly $75K to $200K per year. And the weird thing is we really don't feel the difference in quality of life, and are just shocked looking at that wide range." If the OP doesn't feel an impact in such a wide variation in spending, I would say h/she has more than enough fin...
by Ron
Wed Mar 21, 2018 2:52 pm
Forum: Personal Finance (Not Investing)
Topic: Transition to part time or take time off each summer
Replies: 8
Views: 892

Re: Transition to part time or take time off each summer

<snip...> He went from about 45 hours worked to about 45 hours worked. (yes, the numbers are right) Between "must attend" meetings and projects that needed to be completed on time, he wasn't able to go to 32 hours of actual working. The company atmosphere was not such that he could pick up and go a...
by Ron
Sun Mar 18, 2018 12:43 pm
Forum: Personal Consumer Issues
Topic: Tires on a 15 year old car....Replace or not?
Replies: 79
Views: 5231

Re: Tires on a 15 year old car....Replace or not?

If you have radial tires, rotation recommendations are different than in the "olden days" with bias ply tires. With radials you should keep the tires on the same side of the car, moving front to back only. The 5-tire rotation where the spare is included is no longer recommended. This leaves the spa...
by Ron
Sun Mar 18, 2018 12:28 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Question - NJ vs PA + DC vs NY vs PA
Replies: 7
Views: 449

Re: Tax Question - NJ vs PA + DC vs NY vs PA

Keep in mind that you can deduct 401k contributions in NJ, however in PA they are fully taxable in the year of contribution.

OTOH, if you retire in PA, you don't pay state tax on 401k/IRA withdrawls.

- Ron
by Ron
Fri Mar 16, 2018 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: Those with high savings rate: why?
Replies: 246
Views: 31201

Re: Those with high savings rate: why?

1. In order to retire early (did so at age 59; not early according to many, but earlier than I originally planned in my early years). 2. To leave a substantial estate for my/our disabled son, with the understanding that at least 50% will be lost to investment/lawyer's fees to manage the trust over t...