Search found 6308 matches

by Ron
Mon Dec 10, 2018 11:05 pm
Forum: Personal Finance (Not Investing)
Topic: Too Much Savings Regret
Replies: 112
Views: 16867

Re: Too Much Savings Regret

I would rather die with money than live without it.

- Ron
by Ron
Tue Dec 04, 2018 10:34 am
Forum: Personal Finance (Not Investing)
Topic: I enrolled in a Part D drug plan - can I change my mind?
Replies: 3
Views: 543

Re: I enrolled in a Part D drug plan - can I change my mind?

I signed up for a different part D plan last year when open enrollment started and during the last week of open enrollment changed plans since there was a new offering that was not shown as available earlier in the period. I didn't notify any of the plans of my intentions. Within a few days of optin...
by Ron
Tue Dec 04, 2018 10:16 am
Forum: Personal Finance (Not Investing)
Topic: How did YOU choose your career?
Replies: 149
Views: 8718

Re: How did YOU choose your career?

celia wrote:
Tue Dec 04, 2018 12:08 am
<snip...>Keep in mind that we are not representative of the cross-section of the country. We lean towards better educated, self-motivated, and many professional careers.
Amen to that comment...

- Ron
by Ron
Mon Dec 03, 2018 11:36 am
Forum: Personal Finance (Not Investing)
Topic: Do you get a year end bonus?
Replies: 78
Views: 5161

Re: Do you get a year end bonus?

I'm retired and over the age of 70.5; my year-end bonus is my RMD :oops: ...

- Ron
by Ron
Mon Dec 03, 2018 11:13 am
Forum: Personal Finance (Not Investing)
Topic: Retirement itch- when did you get it?
Replies: 125
Views: 11347

Re: Retirement itch- when did you get it?

When my job BS bucket overflowed, at the age of 59.

That was over 11 years ago, and have yet to have any regret of my decision to do so even though my original plan was to go at age 66 (my SS FRA).

- Ron
by Ron
Mon Dec 03, 2018 11:05 am
Forum: Personal Finance (Not Investing)
Topic: Restarting SS at age 70
Replies: 7
Views: 679

Re: Restarting SS at age 70

HueyLD wrote:
Mon Dec 03, 2018 10:02 am
Ron,

Was the special one-time payment you received a six-month retroactive payment? Hope not, just curious.
Nope (didn't fall for that "scam") :mrgreen:

- Ron
by Ron
Mon Dec 03, 2018 8:56 am
Forum: Personal Finance (Not Investing)
Topic: Restarting SS at age 70
Replies: 7
Views: 679

Re: Restarting SS at age 70

I turned 70 this past January and had also been under suspension since age 66. I had no contact with SS other than at age 66 when I made my initial claim/suspension. I wasn't notified until the last week of January by snail mail of the start of monthly payments (payment amount was $1 more than I had...
by Ron
Sat Dec 01, 2018 10:51 pm
Forum: Personal Finance (Not Investing)
Topic: "The Steak Dinner Annuity Pitch"
Replies: 68
Views: 7421

Re: "The Steak Dinner Annuity Pitch"

FWIW, here's an old article (even if it will show the current date) on the thread subject:

http://www.philly.com/philly/business/F ... table.html

- Ron
by Ron
Mon Nov 26, 2018 10:22 am
Forum: Personal Finance (Not Investing)
Topic: The psychology of withdrawing from your portfolio
Replies: 58
Views: 5880

Re: The psychology of withdrawing from your portfolio

<snip...> I think it would be very hard to retire and the first year being a down year. Retire with $2 million, and only have $1.9 million a year later. That would indeed bug me. I retired in early 2007 (at age 59) and faced the next couple of years of portfolio losses which numbered in the multipl...
by Ron
Tue Nov 20, 2018 10:09 am
Forum: Investing - Help with Personal Investments
Topic: Current Retirees: Do you touch your principal?
Replies: 79
Views: 8241

Re: Current Retirees: Do you touch your principal?

If you don't (or do not plan to) spend the principal ever, why bother to have saved so much in the first place? For the future help/support of others beyond just ourselves, while we are still alive. For us, it's directed for the future benefit of our disabled son after we're both gone. With the tru...
by Ron
Sun Nov 04, 2018 8:47 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity Visa Rewards - Do you move the cash out of Fido?
Replies: 47
Views: 3507

Re: Fidelity Visa Rewards - Do you move the cash out of Fido?

I average around $500-$600 rebates each year on my Fido CC cards, which I transfer directly to my Fido CMA account and use the proceeds for normal expenses.

FWIW,

- Ron
by Ron
Fri Nov 02, 2018 1:36 pm
Forum: Investing - Theory, News & General
Topic: What does your gut tell you; RMD now or in December?
Replies: 38
Views: 2251

Re: What does your gut tell you; RMD now or in December?

I/we subscribe to the KISS method. I/wife have all distributions/gains put in our respective TIRA MM accounts throughout the year. Come the early part of the year (this year, it was January) we do a manual withdrawal against our VG/Fido MM accounts in order to pay our FIT on the RMD withdrawal, FIT ...
by Ron
Wed Oct 31, 2018 1:31 pm
Forum: Personal Finance (Not Investing)
Topic: If On Medicare Before SS, How Do You Pay?
Replies: 40
Views: 3194

Re: If On Medicare Before SS, How Do You Pay?

<snip,,,>Point of interest, did you fill out the form you referenced above, completely by filling in all the requested info, including bank account info and such? It looks like the only indication anywhere on the form to "stop" the debiting is the "Stop" checkbox itself, so an inattentive clerk cou...
by Ron
Wed Oct 31, 2018 10:09 am
Forum: Personal Finance (Not Investing)
Topic: If On Medicare Before SS, How Do You Pay?
Replies: 40
Views: 3194

Re: If On Medicare Before SS, How Do You Pay?

I had the monthly payment deducted from my checking account from age 65 until age 70 via the Easy Pay option. Using the following form: https://www.cms.gov/medicare/cms-forms/cms-forms/downloads/sf5510english.pdf (which was used to start monthly payments when I turned 65), I simply used the "stop pa...
by Ron
Mon Oct 29, 2018 3:00 pm
Forum: Personal Consumer Issues
Topic: How much does a car need to be driven?
Replies: 43
Views: 3651

Re: How much does a car need to be driven?

My wife has a 2015 Legacy (purchased new in late 2014) and has had battery problems up to this year. After going through a lot of turmoil/excuses by the dealer (the key-less ignition fob was left in the house, close to the garage and it was draining the battery; only driving the car less than 5 mile...
by Ron
Mon Oct 29, 2018 12:58 pm
Forum: Personal Finance (Not Investing)
Topic: Should I co-sign for relative?
Replies: 103
Views: 4986

Re: Should I co-sign for relative?

What would Suze say? :mrgreen: :mrgreen: :mrgreen:

- Ron
by Ron
Sat Oct 27, 2018 10:16 am
Forum: Investing - Theory, News & General
Topic: In retirement, when do you stop withdrawing from stocks in a downturn?
Replies: 141
Views: 9445

Re: In retirement, when do you stop withdrawing from stocks in a downturn?

<snip...> There really isn't much difference between the two methods. I like spending the dividends because it feels like income. Because I DON'T have to feel the pain of "selling" anything or "pulling" from my accounts. I think you are causing yourself a lot more distress than you need to. The who...
by Ron
Tue Oct 23, 2018 8:54 am
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 8612
Views: 1679494

Re: U.S. stocks in freefall

On a positive side, my/wife's RMD's for next year will be lower than this year, assuming the downturn extends to Dec 31st :mrgreen: ...

- Ron
by Ron
Sun Oct 21, 2018 4:32 pm
Forum: Personal Finance (Not Investing)
Topic: 2 rental car reservations?
Replies: 23
Views: 1416

Re: 2 rental car reservations?

The last time I used them (a few years ago, for a Maui trip) they did go through a couple of different suppliers and sent me notification of reduction in rental rates (around three, if I remember correctly).

If they changed their process/procedures since that time, then so be it...

- Ron
by Ron
Sun Oct 21, 2018 4:28 pm
Forum: Personal Consumer Issues
Topic: noisy generator
Replies: 60
Views: 4313

Re: noisy generator

<snip> Ron, what is "the original break in period" to get to the 200 hour interval? Since my unit is just over 5 years old, the new units may have different requirements. That being the case, I'm not going to suggest what you should do for your unit. Rather than depend on your installer (who may no...
by Ron
Sun Oct 21, 2018 4:07 pm
Forum: Personal Finance (Not Investing)
Topic: 2 rental car reservations?
Replies: 23
Views: 1416

Re: 2 rental car reservations?

I use https://www.autoslash.com/ . They change reservations automatically depending on the better deal at the time of the car pickup.

They also make/change/delete reservations across multiple suppliers depending on the best rate (I doubt if they feel guilty :D ).

- Ron
by Ron
Sun Oct 21, 2018 3:34 pm
Forum: Personal Consumer Issues
Topic: noisy generator
Replies: 60
Views: 4313

Re: noisy generator

Changing oil on a Generac standby unit is fairly simple. It takes me (at the most) about 10-15 minutes to do. Here's a step by step instruction: https://www.hunker.com/13409529/how-to-change-the-oil-on-a-generac-generator The only step I'll add is to remove the dipstick. That allows air pressure to ...
by Ron
Sun Oct 21, 2018 3:26 pm
Forum: Investing - Help with Personal Investments
Topic: Time To Reinvest or Time to Hold Cash
Replies: 5
Views: 934

Re: Time To Reinvest or Time to Hold Cash

My wife/me turned 70 this year and paid our respective RMD's by selling funds early in the year. At the time, we each only held about 1% in cash. Selling funds was the answer since we certainly had profits from years of market increases. Mid-year, we changed the distribution on our TIRA funds to go ...
by Ron
Sat Oct 20, 2018 3:05 pm
Forum: Personal Finance (Not Investing)
Topic: Put more than 20% down on a house?
Replies: 33
Views: 3629

Re: Put more than 20% down on a house?

We were in our last home for 15 years (on a 25 year loan) and had it paid off before we had our current home built. Upon execution of the build contract, we put down just over 50% - the net proceeds from our last home. We paid off our current home (30 year loan) in just 5.5 years, paying extra on ou...
by Ron
Sat Oct 20, 2018 2:29 pm
Forum: Personal Consumer Issues
Topic: noisy generator
Replies: 60
Views: 4313

Re: noisy generator

Unfortunately, Generac is the Yugo of generators. They spend money on commercials, not on the product. Kohler is the way to go. The engines are quieter and the enclosure is designed to protect the unit from weather while attenuating noise. Looks like they are all the same: "Many central air conditi...
by Ron
Wed Oct 17, 2018 7:56 am
Forum: Personal Finance (Not Investing)
Topic: Did you retire because you hit your number?
Replies: 71
Views: 6639

Re: Did you retire because you hit your number?

Two reasons:

1. I hit my number.
2. My work BS bucket hit the overflow mark.

That was at age 59. Today, eleven years later at age 70, I have to say it is probably was one of the best decisions I had made in my life.

- Ron
by Ron
Fri Oct 12, 2018 2:54 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security benefits up 2.8% in 2019
Replies: 21
Views: 3029

Re: Social Security benefits up 2.8% in 2019

Regardless of if the COLA covers your personal COL, it's still a couple of thousand $$$ extra income for wife/me; more than a few extra steak dinners (even after taxes and Part B increases) next year :happy :happy :happy

- Ron
by Ron
Mon Oct 08, 2018 9:41 am
Forum: Investing - Theory, News & General
Topic: Allan Roth doesn't like single premium annuities
Replies: 198
Views: 11077

Re: Alan Roth doesn't like single premium annuities

When people are set to retire they are sometimes given a choice between a lump sum and a pension (usually non COLA). The lump sum is usually several hundred thousand dollars. The advice on this forum is somewhat split some say take the lump and invest it and others say the pension. But it is a simi...
by Ron
Thu Oct 04, 2018 12:48 pm
Forum: Personal Consumer Issues
Topic: Black suit with dark brown shoes?
Replies: 59
Views: 4122

Re: Black suit with dark brown shoes?

I don't know about everyone else, but I couldn't tell you what shoes anyone has worn to the last formal events I have attended. I just don't spend time looking down at the floor. I would wear the dark brown shoes. Most guys probably don't care, but I would bet that more than a few females will :P ....
by Ron
Wed Oct 03, 2018 9:43 am
Forum: Personal Consumer Issues
Topic: My Experience in Buying a Burial Plot: The cost (in NJ)
Replies: 64
Views: 4532

Re: My Experience in Buying a Burial Plot: The cost (in NJ)

Meh, whatever my heirs inherit will cover the cost of the funeral and then some. Not going to have a burial plot, it seems rather dumb to assume you deserve to take up permanent space on the earth. Funerals are for the living, they can decide what to do with me. +1 I often tell my wife, just put me...
by Ron
Tue Oct 02, 2018 9:39 am
Forum: Personal Finance (Not Investing)
Topic: Medicare Advantage premiums continue to decline while plan choices and benefits increase in 2019
Replies: 17
Views: 1834

Re: Medicare Advantage premiums continue to decline while plan choices and benefits increase in 2019

FWIW, my son's Annual Notice of Changes for his Blue Journey Classic (PPO) shows the monthly premium going from $62 this year, to $65 in 2019.

All deductibles, out-of-pocket, and doctor's office visits copay's remain the same.

- Ron
by Ron
Sun Sep 23, 2018 12:42 pm
Forum: Investing - Help with Personal Investments
Topic: How do I allocate social security in retirement?
Replies: 19
Views: 1902

Re: How do I allocate social security in retirement?

I'm fortunate that in addition to my age-70 SS, I have two other retirement income streams that more than cover my budgeted net expenses each year. The only action I take with my IRA's is to cover the FIT due on those three sources of retirement retirement income, along with the FIT due on my TIRA R...
by Ron
Fri Sep 21, 2018 11:03 am
Forum: Personal Finance (Not Investing)
Topic: Delaying Social Security Until 70
Replies: 115
Views: 9588

Re: Delaying Social Security Until 70

Apparently the social security staff often give a recipient a lump sum representing half of a year of benefits and then calculate your retirement based on an age of 69.5 instead of 70. Make sure you tell them you do not want any retroactive lump sum. The source of my information is three years old,...
by Ron
Tue Sep 18, 2018 5:42 pm
Forum: Investing - Theory, News & General
Topic: Equity in house / Do you use it?
Replies: 56
Views: 3608

Re: Equity in house / Do you use it?

I paid off one note/mortgage on the house we own.

I don't want to pay for it a second time :D ...

- Ron
by Ron
Mon Sep 17, 2018 12:59 pm
Forum: Personal Finance (Not Investing)
Topic: Delaying Social Security Until 70
Replies: 115
Views: 9588

Re: Delaying Social Security Until 70

I am not sure how you arrived at a SS benifit of $43,524/yr @ 70 but perhaps check the source to make sure your calcs are correct. Seems doable for a relatively high lifetime earner. $43,524/yr @ 70 requires an age 66 FRA PIA of about $2,748 (2747.73 * 1.32 * 12 = 43524.04). Current maximum PIA per...
by Ron
Mon Sep 17, 2018 10:38 am
Forum: Personal Finance (Not Investing)
Topic: Dilemma: Add room to current house or buy new house?
Replies: 93
Views: 4949

Re: Dilemma: Add room to current house or buy new house?

In my neck of the woods (mid-Atlantic) below grade (finished or not), garages, and other normal non-living areas are not included in the house sq ft for tax nor sale purposes. While your local taxing/sales data may be different, what is the actual sq ft of your house if you remove all the non-climat...
by Ron
Mon Sep 17, 2018 10:13 am
Forum: Personal Finance (Not Investing)
Topic: Dilemma: Add room to current house or buy new house?
Replies: 93
Views: 4949

Re: Dilemma: Add room to current house or buy new house?

Many years ago, our then current home needed to be updated/expanded due to more than a few reasons. We had an architect look at what would have to be done in order to fulfill our desires, along with what the expected costs would be to make our home more livable to match our lifestyle. When looking a...
by Ron
Sun Sep 16, 2018 8:42 am
Forum: Personal Finance (Not Investing)
Topic: How did you decide when to retire?
Replies: 54
Views: 8341

Re: How did you decide when to retire?

I retired at the age of 59, 11 years ago. The company I retired from, after almost 30 years, eliminated their pension plan in the early 80's, replaced by a 401(k) and cash balance plan. The only retirement benefit I receive is an annual tax-free contribution to a HRA (Health Reimbursement Account) t...
by Ron
Sat Sep 15, 2018 2:04 pm
Forum: Personal Finance (Not Investing)
Topic: Delaying Social Security Until 70
Replies: 115
Views: 9588

Re: Delaying Social Security Until 70

"If you took benefits early, why did you do so?" We didn't. My wife/me both took our age-70 SS benefit this year, but I'll answer your question anyway, why we did it opposite of what most do. We were fortunate that we fell under the old rules that allowed us to do the file/suspend/restricted route,...
by Ron
Fri Sep 14, 2018 10:46 pm
Forum: Personal Consumer Issues
Topic: [Wearing] Shorts in Egypt
Replies: 71
Views: 5622

Re: [Wearing] Shorts in Egypt

The only time I wear short pants is either in Scotland (when I wear my kilt) or Germany (when I wear my lederhosen) :mrgreen: . Heck, years ago even in France (on business), I wore a camel trench coat and a food vendor at a train station asked me if I was from England or the US (the French tend to w...
by Ron
Tue Sep 11, 2018 3:52 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone else not save for cars?
Replies: 113
Views: 10395

Re: Anyone else not save for cars?

<snip...>I honestly don't know how it seems that (almost) everyone here can afford to max out 401K, IRAs, HSA, have 2 years EF, taxable, separate savings for cars, vacation, paying extra for mortgage, and never take a loan for anything. It just seems that everyone here have very large income. We're...
by Ron
Sun Sep 09, 2018 3:39 pm
Forum: Personal Consumer Issues
Topic: Pennsylvania Vehicle Registration Renewal - 2 year option
Replies: 42
Views: 6101

Re: Pennsylvania Vehicle Registration Renewal - 2 year option

If you drive in another state and the uninformed police offer spots your expired sticker, you might be pulled over and have to explain the sticker. How are police in other states going to know I have current registration if I don’t have a sticker or my sticker on my license plate is expired? "PennD...
by Ron
Sat Sep 08, 2018 3:56 pm
Forum: Personal Consumer Issues
Topic: Can Sneakers go with Business Casual?
Replies: 172
Views: 8809

Re: Can Sneakers go with Business Casual?

... (Personally I don't care what shoes someone is wearing, I don't see how it's related to competence). People don't know what's going on inside your head, or know your level of competence by seeing you. They will form strong initial judgments on how they see you presenting yourself. You may not g...
by Ron
Thu Sep 06, 2018 3:06 pm
Forum: Investing - Help with Personal Investments
Topic: Scaring the Old Folks
Replies: 71
Views: 8387

Re: Scaring the Old Folks

I have to agree on the contents of the article. My wife/me are 70 years "young" :mrgreen: , and are both retired. I retired in 2007 (11 years ago, at age 59) - she six years ago, at age 64. We do have the convertible. I purchased it new in 2002 and even though I don't drive it often (22k on the odom...
by Ron
Thu Sep 06, 2018 8:16 am
Forum: Personal Finance (Not Investing)
Topic: Time to look at SS [When should I take Social Security?]
Replies: 55
Views: 5210

Re: Time to look at SS [When should I take Social Security?]

smitcat wrote:
Thu Sep 06, 2018 7:48 am
<snip...> - not one that best fit someone else.
Yes, and that's the reason that we both waited until this year, at age 70, to claim our respective benefits :D ...

- Ron
by Ron
Sun Sep 02, 2018 8:00 am
Forum: Investing - Theory, News & General
Topic: Fidelity Full View transition to eMoney
Replies: 151
Views: 18101

Re: Fidelity Full View transition to eMoney

Any know how to export the Fidelity Full View transactions into Quicken? It seems you can export up to 500 transactions to an Excel CSV file but Quicken does not import that file format. You would probably have to purchase a commercial product to do the conversion, such as: https://www.propersoft.n...
by Ron
Sat Sep 01, 2018 12:23 pm
Forum: Personal Finance (Not Investing)
Topic: When did SSA notify you about your initial SS payment?
Replies: 12
Views: 1448

Re: When did SSA notify you about your initial SS payment?

I turned 70 in early January, this year. I didn't get notified by mail until early February; however by checking my on-line SS account, I saw the claim was approved near the end of January. I would have been scheduled to receive my first payment on the 2nd Wednesday of February, but I actually recei...
by Ron
Sat Sep 01, 2018 10:37 am
Forum: Investing - Theory, News & General
Topic: Fidelity Full View transition to eMoney
Replies: 151
Views: 18101

Re: Fidelity Full View transition to eMoney

As of this moment in time, it looks like they have it fixed/updated.

I was able to see all my FIDO/VG/bank accounts and all totals are correct. Additionally, I was able to run a retirement forecast via their planner.

FWIW,

- Ron
by Ron
Mon Aug 27, 2018 9:50 am
Forum: Personal Finance (Not Investing)
Topic: How do you calculate net worth with pensions?
Replies: 105
Views: 6817

Re: How do you calculate net worth with pensions?

I don't include my/wife's SS nor her two small pension payments or my VA disability payment as part of our current net worth. I do include the remaining value of our SPIA since it is for our calculated lifetime(s) until we both reach age 87, 17 years from now. If we both pass before that time, the r...
by Ron
Wed Aug 22, 2018 8:11 am
Forum: Personal Consumer Issues
Topic: I own 1,387 items!
Replies: 128
Views: 10679

Re: I own 1,387 items!

"He Who Has The Most Toys When He Dies Wins" :mrgreen:

- Ron