Search found 6036 matches

by Ron
Sun Nov 19, 2017 1:32 pm
Forum: Investing - Help with Personal Investments
Topic: Confused about cash and retirement - isn't this really about market timing?
Replies: 38
Views: 2902

Re: Confused about cash and retirement - isn't this really about market timing?

for the next 30 years (until age 100 :twisted: ), my projected withdraw rate is forecast to be under 2%. You'd be fine in retirement if your plan was to literally stuff cash into your mattress. Actually, the plan is to ensure that our adult disabled "child" has enough to pay for services until he p...
by Ron
Sun Nov 19, 2017 8:44 am
Forum: Investing - Help with Personal Investments
Topic: Confused about cash and retirement - isn't this really about market timing?
Replies: 38
Views: 2902

Re: Confused about cash and retirement - isn't this really about market timing?

The cash buffer can fill as emotional need. You can't discount that. But unfortunately it does pretty much nothing to help portfolio survivability. The downside is you can get stuck with some tough choices. Lets say you retired in 2000. When would you have taken money out of your portfolio to refil...
by Ron
Sat Nov 18, 2017 8:44 pm
Forum: Investing - Help with Personal Investments
Topic: Confused about cash and retirement - isn't this really about market timing?
Replies: 38
Views: 2902

Re: Confused about cash and retirement - isn't this really about market timing?

<snip...> Some people will say I wasted potential earnings by keeping 4-years worth of spending in cash, but this was simple and it worked for me because I am not worried about squeezing out every "possible" gain. Your solution should be one that works for you. Like you, both my wife/me started har...
by Ron
Sat Nov 18, 2017 9:18 am
Forum: Investing - Help with Personal Investments
Topic: Do you include the sale of your home as part of your retirement planning?
Replies: 75
Views: 3218

Re: Do you include the sale of your home as part of your retirement planning?

No I do not. However, I do account on the expense side what projected upgrades/maintenance may be required over the years that I remain here. If I had to plan to use my home as a source for retirement income, I would further refine my plan to remove it from the equation. Additionally, I've moved eno...
by Ron
Tue Nov 14, 2017 11:16 pm
Forum: Personal Finance (Not Investing)
Topic: "Unsuspending" Social Security Benefits
Replies: 27
Views: 2998

Re: "Unsuspending" Social Security Benefits

You must apply before we can pay the higher benefit amount. You can apply conveniently at www.socialsecurity.gov on the Internet, in person or by telephone. To use our secure website to apply, under Benefits link click Apply Online for Retirement. You can access and complete the application there."...
by Ron
Tue Nov 14, 2017 7:20 pm
Forum: Personal Finance (Not Investing)
Topic: "Unsuspending" Social Security Benefits
Replies: 27
Views: 2998

Re: "Unsuspending" Social Security Benefits

You must apply before we can pay the higher benefit amount. You can apply conveniently at www.socialsecurity.gov on the Internet, in person or by telephone. To use our secure website to apply, under Benefits link click Apply Online for Retirement. You can access and complete the application there."...
by Ron
Mon Nov 13, 2017 8:03 am
Forum: Investing - Help with Personal Investments
Topic: Why pay cash for a car?
Replies: 175
Views: 14136

Re: Why pay cash for a car?

Being retired (both me/wife) we don't purchase anything unless we can pay cash for it, be it a car, home improvement, or travel. We've purchased three cars since retirement (for me, just over a decade ago); one CPO, two new. All were paid for upon delivery. I/we don't play the "I can save X dollars ...
by Ron
Sun Nov 12, 2017 10:57 am
Forum: Personal Consumer Issues
Topic: Better way to get rid of old fridge?
Replies: 38
Views: 2433

Re: Better way to get rid of old fridge?

My electric utility has a program where they will pick it up (must be running) and give you a $20 bill credit. I'm assuming that it still must be operational is because the recycle center wants to tap the old Freon from the unit.

- Ron
by Ron
Sun Nov 12, 2017 8:35 am
Forum: Personal Consumer Issues
Topic: Do you meditate?
Replies: 107
Views: 6412

Re: Do you meditate?

No, but I do medicate :mrgreen: ...

- Ron
by Ron
Sun Nov 12, 2017 8:30 am
Forum: Investing - Theory, News & General
Topic: Fidelity 10X Retirement Rule - - Valid???
Replies: 46
Views: 2958

Re: Fidelity 10X Retirement Rule - - Valid???

While I agree to use expenses rather than income when planning for retirement, I also believe that more people know their salary vs. their expenses :? ..

You have to start the conversation somewhere.

- Ron
by Ron
Sat Nov 11, 2017 11:17 am
Forum: Investing - Theory, News & General
Topic: What do people mean when they say their SWR is X% or they have X times expenses?
Replies: 27
Views: 2067

Re: What do people mean when they say their SWR is X% or they have X times expenses?

I retired in early 2007 (10 years ago) at age 59. My forecast at that time using FIDO's RIP software showed annual withdrawal amounts between 4.7 and 10% until age 66 which is my/wife's FRA and when we originally planned on filing for our respective SS. After age 66, our joint withdrawal rate was fo...
by Ron
Fri Nov 10, 2017 5:41 pm
Forum: Personal Consumer Issues
Topic: Home backup generator experiences
Replies: 51
Views: 2694

Re: Home backup generator experiences

A plus for running propane over NG is that you will get the full 20KW out of the genset rather than a 20% reduction (e.g. 18KW) using NG. I think that is one of the reasons why Generac came out with the 22KW unit, even though it uses the same two cylinder engine in order to pump up the NG output. W...
by Ron
Fri Nov 10, 2017 5:16 pm
Forum: Personal Consumer Issues
Topic: Home backup generator experiences
Replies: 51
Views: 2694

Re: Home backup generator experiences

What happens of you are away and that 400 gallons at 50% load runs out at 7-8 days? Our propane supplier is aware of our usage and during major outages they will be making deliveries every few days. This is no different than when we had an in-town 3-story 5 BR brownstone decades ago using oil heat,...
by Ron
Fri Nov 10, 2017 8:39 am
Forum: Personal Consumer Issues
Topic: Home backup generator experiences
Replies: 51
Views: 2694

Re: Home backup generator experiences

I've had two large generators...a Cummins Onan 30kw and a Kohler 37kw. Both propane. The propane supply that we had would last about two weeks running 24/7 and around three weeks if we ration at night. How large of a propane supply do you have? My inlaws have a 20kw unit, I remember thinking that t...
by Ron
Mon Nov 06, 2017 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: Why make more money?
Replies: 134
Views: 12848

Re: Why make more money?

"You can never be too rich or too thin." - Wallis Simpson

Since I'll never be too thin, I'll go with the former :mrgreen: ...

Seriously, other than death, there are no guarantees in life. Sometimes money can overcome life's arrows shot at you and your family.

- Ron
by Ron
Sun Nov 05, 2017 1:34 pm
Forum: Personal Consumer Issues
Topic: Has anyone bought a Samsung Note 8?
Replies: 34
Views: 1885

Re: Has anyone bought a Samsung Note 8?

well...if you need a new phone...you can find many! I don't think you need to spend $1000 for it. I think only 5 ppl in the world NEED such an expensive phone... You can find great deals on Meizu or Xiami as chinaphones for example. even HTC Not according to all the (young) guys standing in line th...
by Ron
Sun Nov 05, 2017 9:44 am
Forum: Personal Consumer Issues
Topic: Has anyone bought a Samsung Note 8?
Replies: 34
Views: 1885

Re: Has anyone bought a Samsung Note 8?

Consider a Galaxy S8? It doesn't have a stylus but it does have some of the features of the Note 8. http://www.samsung.com/us/explore/galaxy-s8/infinity-display/ The Galaxy and Note series phones are generally released on an annual basis, six months apart from each other. In six months, the new Gala...
by Ron
Sun Nov 05, 2017 8:38 am
Forum: Investing - Help with Personal Investments
Topic: Should one use REITs
Replies: 48
Views: 3478

Re: Should one use REITs

Back in the late 80's - early 90's, Vanguard experimented with REIT's for the first time. As I remember, I put in my annual $2K IRA contribution to the plan, which invested in commercial buildings out west. I don't have the paperwork, but I believe it was referred to as "Vanguard Real Estate Investm...
by Ron
Fri Nov 03, 2017 11:17 am
Forum: Personal Finance (Not Investing)
Topic: Giving up on Quicken? (and expense tracking software altogether)
Replies: 52
Views: 3333

Re: Giving up on Quicken? (and expense tracking software altogether)

While I don't begrudge my wife the money she spends on travel (really :mrgreen: ) she was quite amazed when I ran a Q report showing that over the last 19 years, she had spent just over the delivered cost of our current home, built in 1994. That doesn't even include the $70k I threw into the pot to ...
by Ron
Wed Nov 01, 2017 11:22 am
Forum: Investing - Help with Personal Investments
Topic: Limited Term SPIA as bridge income until Social Security? SPIA Ladder Viability?
Replies: 27
Views: 1040

Re: Limited Term SPIA as bridge income until Social Security? SPIA Ladder Viability?

<snip...>To be fair, you should compare to CD rates. Then the return wouldn't look that terrible. If you are getting yearly payouts, what does buying 1, 2, ..., 9 and 10 year CD's look like? The problem with CD's (anything over a year, or so) is that they don't provide monthly income as an SPIA doe...
by Ron
Wed Nov 01, 2017 10:42 am
Forum: Investing - Help with Personal Investments
Topic: Limited Term SPIA as bridge income until Social Security? SPIA Ladder Viability?
Replies: 27
Views: 1040

Re: Limited Term SPIA as bridge income until Social Security? SPIA Ladder Viability?

That is not the return you are getting. It is the payout rate %. They are giving you your money back over a 10 year period plus a very small amount of interest. Correct. You need to run an IRR calculation, based upon initial premium paid, annual payments to you, and term of 10 years. If you do that...
by Ron
Sun Oct 29, 2017 8:32 am
Forum: Personal Finance (Not Investing)
Topic: 2017 Bogleheads Conference - Annuities: The Good, The Bad, and The Ugly
Replies: 18
Views: 2189

Re: 2017 Bogleheads Conference - Annuities: The Good, The Bad, and The Ugly

<snip...>I guess what i am questioning is the rosy +4% return for the 60 year old. feels wrong to me FWIW, I purchased an SPIA shortly after I retired, at age 59 in 2007. The computed IRR for the guaranteed term (joint at 100%, joint until age 87) came out to 4.79%. This is IRR and does not include...
by Ron
Fri Oct 27, 2017 10:15 am
Forum: Personal Finance (Not Investing)
Topic: Request for Promotion letter to Senior Management
Replies: 155
Views: 12182

Re: Request for Promotion letter to Senior Management

<snip...>There should always be a fairness in life to reward someone for their accomplishments and potential to ensure one's efforts get compensated accordingly for the value that is being provided. Who made the rule that life has to be fair? <snip...> and forget 'fairness' argument - what is this ...
by Ron
Fri Oct 27, 2017 7:53 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Timing
Replies: 5
Views: 810

Re: Social Security Timing

Credit is given for the entire month, regardless of birth date, with rare exceptions. Exceptions are that if you are born on January 1st, your benefit is based upon the previous year. The second exception is that you must have a full month of credit if you claim at age 62. Any later date beyond clai...
by Ron
Thu Oct 26, 2017 4:36 pm
Forum: Personal Finance (Not Investing)
Topic: Do you include the capitalized value of Social Security in your asset allocation?
Replies: 32
Views: 1990

Re: Do you include the capitalized value of Social Security in your asset allocation?

No. I can't buy it or sell it. I compare Social Security and other guaranteed income streams from the amount of income I need/want in retirement, and evaluate the ability of my portfolio to make up the shortfall. Subtracting an actual income stream from an actual income need seems much sounder and ...
by Ron
Fri Oct 20, 2017 7:45 am
Forum: Investing - Theory, News & General
Topic: For those near retirement and rebalanced to Bonds...
Replies: 34
Views: 3623

Re: For those near retirement and rebalanced to Bonds...

I/wife both age 69. Current mix: 60% equity, 40% bond/cash. Future mix: 60% equity, 40% bond/cash. Currently, 65% of our expenses are covered by portfolio withdrawals. Next year, when we both start to draw our age-70 SS benefits, income sources beyond portfolio withdrawals will cover just over 90% o...
by Ron
Tue Oct 17, 2017 9:34 pm
Forum: Personal Consumer Issues
Topic: urgent battery pack recommendation for mac book pro
Replies: 10
Views: 541

Re: urgent battery pack recommendation for mac book pro

You could replace the battery yourself with an Anker. It's not as good as a real Apple battery, but it's pretty good. If you're in a rush you can buy it on amazon and have it overnighted to you. Here's what I purchased for my trip overseas two months ago: https://www.amazon.com/gp/product/B01N3TVRP...
by Ron
Mon Oct 16, 2017 10:39 am
Forum: Personal Finance (Not Investing)
Topic: Bonus pushed back - should I be annoyed?
Replies: 43
Views: 3283

Re: Bonus pushed back - should I be annoyed?

I retired from a global company (worked at/for U.S. division, Corporate HQ was in Europe) for 28+ years. Often times, I myself questioned the "fairness" of what was the local standard in other countries, of which we had divisions in over 140 countries. As you stated, some "soft" benefits, such as ex...
by Ron
Sun Oct 15, 2017 10:47 am
Forum: Personal Finance (Not Investing)
Topic: Annuities - how does insurance company know you died?
Replies: 49
Views: 2908

Re: Annuities - how does insurance company know you died?

I assume they just stop paying at age 114, the zero survivor rate on the SSA Actuarial Life Table (2014 data) unless notified earlier :twisted: ...

- Ron
by Ron
Fri Oct 13, 2017 3:19 pm
Forum: Personal Consumer Issues
Topic: How many miles/years do you keep your car?
Replies: 108
Views: 7425

Re: How many miles/years do you keep your car?

I've gone through a lot of different vehicles in my 69+ years, but when I traded them had more to do with functionality rather than just how many years I owned them or the number of non-0 digits on the odometer. The first car I purchased (new) was in 1969, when I had just returned from Nam, was a '6...
by Ron
Thu Oct 12, 2017 6:16 pm
Forum: Investing - Help with Personal Investments
Topic: Does Vanguard make sense without a computer ?
Replies: 22
Views: 2370

Re: Does Vanguard make sense without a computer ?

My grandmother opened her Wellington account in the mid-50's, before Vanguard came to be. She had no communications other than mail. In those days, a lot of folks (including her) had "party lines", where your phone line was shared with others in the neighborhood. There was no discussion of finances ...
by Ron
Thu Oct 12, 2017 2:37 pm
Forum: Personal Consumer Issues
Topic: Going First Class
Replies: 42
Views: 2490

Re: Going First Class

adamthesmythe wrote:
Thu Oct 12, 2017 2:29 pm
You can't be that rich if you still have to fly commercial.
How true :mrgreen: ...

- Ron
by Ron
Fri Oct 06, 2017 10:38 pm
Forum: Personal Finance (Not Investing)
Topic: Retirees, how and how much do you pay for health insurance?
Replies: 33
Views: 4096

Re: Retirees, how and how much do you pay for health insurance?

Based upon 2017 premium costs for me/wife (both age 69): AARP/UHC Plan "F": $152.92/month - each. $3670.08/year total. My Aetna RX plan: $37.30/month. $447.60/year total. Her Humana RX plan: $17.00/month. $204.00/year total. My SS Part B premium: $134.00/month. $1608/year total. Her SS Part B premiu...
by Ron
Fri Oct 06, 2017 8:48 am
Forum: Personal Consumer Issues
Topic: River cruise recommendations (Europe)
Replies: 19
Views: 1531

Re: River cruise recommendations (Europe)

We've just returned from a Viking Cruise, Paris to Normandy (bus to D-Day beaches) in mid-September, and have already booked our next trip for late next year - Lyon to Avignon. Since I spent a lot of time in Lyon for work a few decades ago, I'll get to see if my usual "haunts" are still serving, esp...
by Ron
Thu Oct 05, 2017 7:52 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity: can no longer use first initial, middle name
Replies: 30
Views: 2627

Re: Fidelity: can no longer use first initial, middle name

No problem here; I have no middle name :mrgreen: ...

While I was in the military, my records were annotated "NMI" where the middle initial would be stated. It takes government to make three initials out of one :twisted: ...

- Ron
by Ron
Mon Sep 25, 2017 6:42 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Question [Social Security Offering Lump Sum]
Replies: 26
Views: 3217

Re: Social Security Question

Short term gain; long term pain :twisted: ...

Since I turn 70 in January, I'll expect the call in the next few months. Now I have to come up with a "phone script" (like they read from) as a comeback to their proposal.

- Ron
by Ron
Mon Sep 25, 2017 2:04 pm
Forum: Personal Consumer Issues
Topic: T-Mobile promotion for 55+
Replies: 84
Views: 8722

Re: T-Mobile promotion for 55+

Just an update on our France trip from just over a week ago. Plan worked as stated. We were at 3G speeds during our trip, sending e-mails/texts (with pictures) with no problem and just a bit slower than the 4G we have in CONUS. I didn't even use the wi-fi on the riverboat since I could direct connec...
by Ron
Mon Sep 25, 2017 9:20 am
Forum: Personal Consumer Issues
Topic: Tipping question....Applebees
Replies: 87
Views: 7013

Re: Tipping question....Applebees

At 18% (what I normally tip) you would be paying the server (who probably splits the tip with others, who also work a probably minimum wage job) an additional 53 cents.

Really - this upsets you? :oops:

- Ron
by Ron
Mon Sep 25, 2017 8:55 am
Forum: Personal Finance (Not Investing)
Topic: Bogleheads monthly costs of dog ownership?
Replies: 83
Views: 5362

Re: Bogleheads monthly costs of dog ownership?

But we have a sheltie with a thick coat, and grooming her (particularly drying her) can take over an hour. Yes, but some shelties groom themselves because the outer and inner coats are proportional. Just a little brushing and one is all set. From another thread, this dog is 11-12 years old: http://...
by Ron
Sun Sep 24, 2017 12:56 pm
Forum: Local Chapters and Bogleheads Community
Topic: Boglehead of another species
Replies: 9
Views: 1433

Re: Boglehead of another species

I see she's paper trained...

- Ron
by Ron
Sat Sep 23, 2017 7:49 am
Forum: Investing - Help with Personal Investments
Topic: Help?! My 70 year old father is 100% invested in equities
Replies: 79
Views: 7632

Re: Help?! My 70 year old father is 100% invested in equities

1). Most 70 year old still have active, fully functioning minds. 2). Your dad must be relatively savvy if he has 7 figures. 3). He must be very comfortable on how he is managing his money 4). Let him be unless asked. Several roads leading to Dublin. Yup :annoyed (I'll be 70 in early January :twiste...
by Ron
Wed Sep 20, 2017 2:23 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security - Applying Online for Age 70 Benefit - Avoiding Retroactive Payments
Replies: 5
Views: 972

Re: Social Security - Applying Online for Age 70 Benefit - Avoiding Retroactive Payments

Ever since I filed and suspended I have not been able to sign into an account for myself on-line. I did the file/suspend at FRA, 3+ years ago. I can still sign on my account to review the status (e.g. earnings, direct deposit info, etc.). The only thing I can't do is get a statement. That is easy e...
by Ron
Tue Sep 19, 2017 7:13 am
Forum: Personal Consumer Issues
Topic: Convertible in Florida or not...
Replies: 38
Views: 2502

Re: Convertible in Florida or not...

<snip...> The roofs need to be replaced pretty often - probably replaced ours about every 5 years. That gets old. Really? I've owned my '02 Mustang GT ragtop for the last 15 years and the top still looks (almost) like new :wink: ... As to the OP's question, you may not be able to have the top down ...
by Ron
Mon Sep 11, 2017 4:37 am
Forum: Investing - Help with Personal Investments
Topic: Anyone use Financial Engines?
Replies: 50
Views: 46098

Re: Anyone use Financial Engines?

One other thing to remember; F.E. expects you to convert your investments into a guaranteed income source - a life annuity, at retirement.

- Ron
by Ron
Mon Sep 04, 2017 7:59 am
Forum: Personal Finance (Not Investing)
Topic: Best way to withdraw from traditional IRA
Replies: 8
Views: 1295

Re: Best way to withdraw from traditional IRA

I've been retired for just over a decade, my wife for just over five years. In preparation for our respective retirements, we each had (and still do) 3-4 years of cash in tax deferred MM accounts. Many would substitute with a short term bond fund for some/all of "reserve funds", but we just let it i...
by Ron
Sun Sep 03, 2017 10:13 am
Forum: Personal Consumer Issues
Topic: Things to buy/repair before (early) retirement
Replies: 32
Views: 3831

Re: Things to buy/repair before (early) retirement

<snip...>Though really if you have done your retirement budget to include replacement costs it shouldn't matter. Exactly. I've been retired for just over a decade. In that time, I've purchased two vehicles. One was a CPO (off-lease, driven for 3 years/36k) and I drove it until it passed the 10 year...
by Ron
Sat Sep 02, 2017 4:24 pm
Forum: Investing - Theory, News & General
Topic: OSWAN: Optimum Sleep Well At Night retirement plan
Replies: 37
Views: 3347

Re: OSWAN: Optimum Sleep Well At Night retirement plan

<snip...>... My older brother had all his 3 sons graduated and started their careers. He passed his full physical exam with no problem. Then, he fainted in the bathroom. They found an inoperable brain tumor in his head. He died 6 months later. Man plan, God laughs! KlangFool There are only so many ...
by Ron
Fri Sep 01, 2017 10:03 am
Forum: Investing - Help with Personal Investments
Topic: Question about pension and risk
Replies: 36
Views: 2254

Re: Question about pension and risk

Would you take more risk when you start SS? I have an SPIA - not a pension, but acts like a non-governmental pension (e.g. no COLA). I didn't change my 60/40 AA a decade ago when I started receiving payments. In February, I'll start getting my monthly SS deposit. Even when that starts, I will not ch...
by Ron
Tue Aug 29, 2017 6:18 am
Forum: Investing - Help with Personal Investments
Topic: Relative angry I will not co-sign
Replies: 90
Views: 8514

Re: Relative angry I will not co-sign

As my parents used to tell me (quite often), "you've made your bed, now sleep in it"...

Unless you contributed to the situation he's in, there is no reason for you to bail him out.

- Ron