Search found 6115 matches

by Ron
Sun Feb 18, 2018 5:00 pm
Forum: Personal Finance (Not Investing)
Topic: Doctor wants Social Security number
Replies: 78
Views: 10627

Re: Doctor wants Social Security number

<snip...>Many years ago, those in the military were issued a "service number" and I received one upon joining the Navy in 1970. I think the service number was 7 digits. Then the Defense dept decided that the SSN would be even better - so they stopped issuing service numbers and used the SSN. Eight ...
by Ron
Sat Feb 17, 2018 3:00 pm
Forum: Personal Finance (Not Investing)
Topic: Number at which to stop worrying
Replies: 170
Views: 16769

Re: Number at which to stop worrying

I just read this article yesterday. It claims that peak happiness in Americans occurs at an income of about $105,000 per year. So if we assume a somewhat conservative 3.5% withdrawal rate, that would be $3,000,000. Which seems about in line with my experience! https://www.realclearscience.com/artic...
by Ron
Fri Feb 16, 2018 3:21 pm
Forum: Investing - Help with Personal Investments
Topic: Disabled and need Investment Advice
Replies: 10
Views: 831

Re: Disabled and need Investment Advice

<snip...>She would not be eligible for disability benefits until this was done. We had to withdraw from IRA but did so without penalty due to medical condition. However, we did pay the tax. All of this money needed to be spent before we were eligible for disability benefits. You are writing about t...
by Ron
Thu Feb 15, 2018 4:46 pm
Forum: Personal Finance (Not Investing)
Topic: Number at which to stop worrying
Replies: 170
Views: 16769

Re: Number at which to stop worrying

60 seconds - before I die (assuming I know what's coming :| )...

I've always been a worrier and probably will remain so for the rest of my life.

- Ron
by Ron
Thu Feb 15, 2018 2:43 pm
Forum: Investing - Theory, News & General
Topic: How many of you use the "4% rule" during retirement?
Replies: 68
Views: 8156

Re: How many of you use the "4% rule" during retirement?

I certainly didn't. I started retirement just over a decade ago, at age 59. I had no income other than a small VA disability benefit and the withdrawals from my retirement investments. Being fortunate to retire during the recovery (but still retired during the 2008-09 pullback) I delayed no expendit...
by Ron
Sun Feb 11, 2018 4:36 pm
Forum: Investing - Help with Personal Investments
Topic: your assets - now verses end of year?
Replies: 38
Views: 2386

Re: your assets - now verses end of year?

Down 5%. However, 3.65% of that was due to my annual RMD withdrawal with part of the proceeds going to the IRS to pay for forecast 2018 FIT and the remainder to a taxable MM account for either expenses or reinvestment. Since this is the first year of RMD's for me, I decided to take the withdrawal ea...
by Ron
Sun Feb 11, 2018 3:32 pm
Forum: Investing - Help with Personal Investments
Topic: Fixed Index Annuities
Replies: 22
Views: 1399

Re: Fixed Index Annuities

"Appreciate any thoughts or education you can share."

Here's something for you to read:

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

- Ron
by Ron
Sat Feb 10, 2018 5:26 pm
Forum: Personal Consumer Issues
Topic: Another tire question - rotation for low mileage?
Replies: 15
Views: 1001

Re: Another tire question - rotation for low mileage?

I replaced the original tires on my 16-year old Mustang last spring, with 21K on the odometer. During the previous 15 years, I would rotate them every few years due to uneven wear on the soft, wide tires (and I don't even drive the car hard). I doubt if I had them rotated more than a few times on t...
by Ron
Sat Feb 10, 2018 4:11 pm
Forum: Personal Consumer Issues
Topic: Another tire question - rotation for low mileage?
Replies: 15
Views: 1001

Re: Another tire question - rotation for low mileage?

I replaced the original tires on my 16-year old Mustang last spring, with 21K on the odometer. During the previous 15 years, I would rotate them every few years due to uneven wear on the soft, wide tires (and I don't even drive the car hard). I doubt if I had them rotated more than a few times on th...
by Ron
Fri Feb 09, 2018 11:32 am
Forum: Investing - Help with Personal Investments
Topic: Help Sell FIRE to spouse
Replies: 31
Views: 3547

Re: Help Sell FIRE to spouse

sunnywindy wrote:
Fri Feb 09, 2018 11:27 am
What is FIRE? ???
Financially Independent, Retire(d) Early...

- Ron
by Ron
Wed Feb 07, 2018 9:46 am
Forum: Investing - Theory, News & General
Topic: Stealing from the kids for our retirement [High valuations => depressed future returns expectations]
Replies: 54
Views: 5319

Re: Stealing from the kids for our retirement

Ugh, please. Not another one-generation-versus-the-other discussion! - it's silly to lump everyone into a "generation". Some in every group are savers, some are not. - things always change. Some things get better/easier, some don't. - maybe stock market returns will be harder to achieve, maybe not....
by Ron
Sun Feb 04, 2018 4:10 pm
Forum: Investing - Help with Personal Investments
Topic: Help with a "401k pension plan"
Replies: 4
Views: 327

Re: Help with a "401k pension plan"

It is a "pension plan" for all purposes, funded by the employee and to some extent, by the employer:

https://en.wikipedia.org/wiki/401(k)

It is a defined contribution, not a defined benefit plan.

- Ron
by Ron
Sun Feb 04, 2018 4:03 pm
Forum: Personal Consumer Issues
Topic: What is the best place to buy pet food online?
Replies: 28
Views: 2020

Re: What is the best place to buy pet food online?

I've been using Chewy.com for over a year and am quite satisfied with their offerings/service. I normally would get my kibble from the local Tractor Supply (they have better offerings than a supermarket, IMHO) but a lot of times they would be out of the brand/size I wanted for my two "fellas" (one o...
by Ron
Sat Feb 03, 2018 3:26 pm
Forum: Personal Finance (Not Investing)
Topic: Do you live on a budget?
Replies: 65
Views: 3370

Re: Do you live on a budget?

My wife put me on a budget when we first got married, some 48 years ago. Money was tight for an enlisted guy in the USAF with a wife and child to support and I/we learned to do with very little for many, many years. Now that I'm a graybeard, retired, and we're fortunate to be financially independent...
by Ron
Sat Feb 03, 2018 3:14 pm
Forum: Investing - Help with Personal Investments
Topic: Start of Retirement Jan 2018 - Allocation for Volatility?
Replies: 11
Views: 1430

Re: Start of Retirement Jan 2018 - Allocation for Volatility?

I was in a similar situation (no pension, no SS) when I retired at age 59 back in early 2007. I had (and still have, at age 70) a 60% equity, 40% bond/cash AA. One thing I did have at the start of retirement was a create a cash stash (held in both VG & FIDO MM accounts) an amount equal to 4 years of...
by Ron
Sat Feb 03, 2018 2:27 pm
Forum: Personal Consumer Issues
Topic: For BHs who actually like cars - [what car do you drive every day?]
Replies: 261
Views: 14456

Re: For BHs who actually like cars - what is your daily driver?

2015 GMC Acadia Denali for the bad weather days.
2002 Mustang GT vert (5-speed stick) for all the rest :mrgreen:

Both purchased new in their respective years.

- Ron
by Ron
Fri Feb 02, 2018 1:47 pm
Forum: Investing - Help with Personal Investments
Topic: Immediate Annuity
Replies: 20
Views: 1653

Re: Immediate Annuity

The problem is that most folks look at CD's and an SPIA as equal "products", but they are not. A CD is an investment product, while an SPIA is an income product. You don't buy an SPIA as an investment nor do you look at a CD to provide you with monthly retirement income (other than CD's that have te...
by Ron
Fri Feb 02, 2018 10:35 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Updates...
Replies: 16
Views: 2672

Re: Social Security Updates...

One thing these 14-16 year break even calculations never seem to consider is that not only does it take that long to get back the income you lost by not taking SS, it doesn’t include the 14-16 years you could’ve compounded investment gains of various types. Hundreds of thousands of dollars of inves...
by Ron
Sun Jan 28, 2018 3:56 pm
Forum: Personal Finance (Not Investing)
Topic: Stats on When People Take Social Security
Replies: 197
Views: 14372

Re: Stats on When People Take Social Security

All I know is that this is no longer a decision for me.

I receive my first age-70 SS deposit --- Tomorrow! :oops:

May everybody be happy with their own decision (I know I am...)

- Ron
by Ron
Sun Jan 28, 2018 8:56 am
Forum: Personal Finance (Not Investing)
Topic: The biggest problem in retirement is spending (not)
Replies: 118
Views: 10264

Re: The biggest problem in retirement is spending (not)

rj49 wrote:
Sun Jan 28, 2018 1:28 am
<snip...> Doesn't Medicare still provide an out for those needing LTC who have exhausted their savings?
No.

If it did, I doubt that you would not see as many people (such as myself/wife) hold on to their portfolio assets "just in case"...

- Ron
by Ron
Sat Jan 27, 2018 4:58 pm
Forum: Investing - Theory, News & General
Topic: How do you know much retirement income is needed?
Replies: 53
Views: 3773

Re: How do you know much retirement income is needed?

I've been retired just over a decade; my wife almost six years. We kept it simple. Before retirement, our net income covered all normal expenditures, along with big hits such as replacing a vehicle, home improvements, or travel (our largest expense line item). At retirement, we simply used our pre-r...
by Ron
Thu Jan 25, 2018 7:43 pm
Forum: Personal Finance (Not Investing)
Topic: What will you do with your tax refund?
Replies: 46
Views: 2938

Re: What will you do with your tax refund?

We always split ours down the middle.

I'll probably spend my $8.00 on lunch.
I have no idea what she will spend her $8.00 on.

:mrgreen: :mrgreen: :mrgreen:

- Ron
by Ron
Thu Jan 25, 2018 7:33 pm
Forum: Investing - Theory, News & General
Topic: How does everyone keep track of your portfolio?
Replies: 171
Views: 17424

Re: How does everyone keep track of your portfolio?

Nobody but me keeps track of my portfolio :twisted: ...

- Ron
by Ron
Thu Jan 25, 2018 7:30 pm
Forum: Investing - Theory, News & General
Topic: Question to Taylor and others regarding bucket approach in retirement
Replies: 53
Views: 3243

Re: Question to Taylor and others regarding bucket approach in retirement

My thought is that buckets strategies are useless mental accounting... Basically correct. I'm thinking that folks who are most drawn to bucket strategies are those who do not have sufficient Retirement Income from sources aside from portfolio withdrawals. If pensions + immediate annuities + SS cove...
by Ron
Tue Jan 23, 2018 11:03 pm
Forum: Investing - Theory, News & General
Topic: Kitces article: A cash bucket in retirement? Nope
Replies: 150
Views: 11886

Re: Kitces article: A cash bucket in retirement? Nope

@Ron, so did your cash ever get depleted from 4 years to 3 years or 2 years of expenses? If not, then does that mean you actually used the rest of your portfolio for expenses through thick and thin and just used the cash for peace of mind? Sure, the cash was reduced during the 2008-09 period by not...
by Ron
Tue Jan 23, 2018 3:05 pm
Forum: Investing - Theory, News & General
Topic: Kitces article: A cash bucket in retirement? Nope
Replies: 150
Views: 11886

Re: Kitces article: A cash bucket in retirement? Nope

I retired in early 2007 (at age 59) with just my portfolio for living expenses; no SS, no pension as of the date I retired. In preparation for this move to another phase of my life, I had accumulated in my VG/FIDO tax-deferred MM accounts an amount equal to four years of expenses (included taxes on ...
by Ron
Mon Jan 22, 2018 1:51 pm
Forum: Personal Consumer Issues
Topic: Laughter is the Best Medicine - What makes you Laugh?
Replies: 105
Views: 5606

Re: Laughter is the Best Medicine - What makes you Laugh?

Earl & Opal: http://www.gocomics.com/pickles

I find that as we age, my wife/me seem to have the same challenges these two do (and are starting to look like them :oops: ).

- Ron
by Ron
Mon Jan 22, 2018 11:08 am
Forum: Personal Consumer Issues
Topic: Pros and Cons of High Rise Condos for retired couple
Replies: 47
Views: 5100

Re: Pros and Cons of High Rise Condos for retired couple

My wife/me rented a high rise condo in Maui (on the beach, of course) a few years ago. While we were fortunate to be on the top floor without noisy neighbors, we found it was a PIA to wait for the elevator to go up/down and a hassle to move groceries up to the condo for the time we stayed there. Of ...
by Ron
Mon Jan 22, 2018 8:18 am
Forum: Personal Finance (Not Investing)
Topic: Social Security website
Replies: 10
Views: 1057

Re: Social Security website

Service Hours My Social Security is available during the following service hours (Eastern Time) Day Service Hours Monday - Friday 5:00 a.m. - 1:00 a.m. Saturday 5:00 a.m. - 11:00 p.m. Sunday 8:00 a.m. - 11:30 p.m. Federal Holidays Same hours as the day the holiday occurs ----------------------------...
by Ron
Sat Jan 20, 2018 3:02 pm
Forum: Investing - Theory, News & General
Topic: Fear of dying with too much money?
Replies: 137
Views: 8314

Re: Fear of dying with too much money?

Having an adult disabled "child", neither me or my wife will ever have this fear.

We invest for his future.

- Ron
by Ron
Thu Jan 18, 2018 3:14 pm
Forum: Personal Finance (Not Investing)
Topic: Stats on When People Take Social Security
Replies: 197
Views: 14372

Re: Stats on When People Take Social Security

<snip...>This was a very interesting perspective, and I had not looked at it this way before. Now my strategy may become "delay as long as possible unless there is a massive stock market crash and I can live off social security and not draw down my portfolio. OTOH, there are folks like me that also...
by Ron
Mon Jan 15, 2018 12:17 pm
Forum: Personal Finance (Not Investing)
Topic: Stats on When People Take Social Security
Replies: 197
Views: 14372

Re: Stats on When People Take Social Security

Article this past week somewhere, Whether one takes early or late SS, the money received is nearly the same, IF one lives to the actuarial age. If you live longer than that you are ahead with delayed SS. If you live less than, you are better off taking early SS. One of my favorite pass-times on Sun...
by Ron
Sun Jan 14, 2018 4:05 pm
Forum: Personal Finance (Not Investing)
Topic: Credit card keeps getting hacked, even when unused! (4x now!)
Replies: 49
Views: 8179

Re: Credit card keeps getting hacked, even when unused! (4x now!)

Hundreds of countries ? I question this. There aren't hundreds of countries on the planet. There certainly are hundreds of countries on the planet, nearly 200, in fact. "Based on the seven-continent model, and grouping islands with adjacent continents, Africa has the most countries with 54. Europe ...
by Ron
Wed Jan 10, 2018 10:24 pm
Forum: Personal Consumer Issues
Topic: Kenmore Washer Dryer
Replies: 29
Views: 1582

Re: Kenmore Washer Dryer

We replaced our dead washer last year. After some research, we found that a) all of these machines have been cost reduced to the point that they don't last, and b) the go-to "buy it for life" brand is Speed Queen. Old-school mechanism that never fails, built like a tank, etc. They sell just two con...
by Ron
Fri Jan 05, 2018 6:52 pm
Forum: Personal Finance (Not Investing)
Topic: Downsizing to one car in retirement...
Replies: 68
Views: 4157

Re: Downsizing to one car in retirement...

Ages 69/70, both retired, live in the burbs, no public transport. We have three cars; hers/his/his. His second car is an '02 Mustang vert, purchased new, with 22K currently on the odometer. I'll get rid of it when I can no longer depress the clutch or my wife will sell it when I move on to that big ...
by Ron
Wed Jan 03, 2018 7:55 pm
Forum: Personal Consumer Issues
Topic: Do you have a antivirus for you Android phone?
Replies: 20
Views: 1448

Re: Do you have a antivirus for you Android phone?

I use McAfee since it's offered as part of my Windows software. My license covers all my Windows PC's (desktop/laptop) along with my android phones.

- Ron
by Ron
Wed Jan 03, 2018 12:38 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security at age 62 perhaps?
Replies: 57
Views: 5085

Re: Social Security at age 62 perhaps?

As it is, I turned 70 today and will be getting my first SS deposit next month. I told my wife (at dinner, last night) that if I didn't make it to midnight, just roll me under the covers and call the FD after 12:01 :mrgreen: ... My primary reason for delay was to maximize my SS for her, assuming I'...
by Ron
Wed Jan 03, 2018 11:30 am
Forum: Personal Finance (Not Investing)
Topic: Social Security at age 62 perhaps?
Replies: 57
Views: 5085

Re: Social Security at age 62 perhaps?

Some consider shooting for wringing the most money out of the system and waiting until 70, hoping you make it to your mid-80's to count it as a 'win.' I think most people waiting until age 70 are NOT trying to "wring the most money out of the system". They are treating SS as longevity insurance. A ...
by Ron
Tue Jan 02, 2018 1:57 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity's Retirement Income Plan
Replies: 22
Views: 1967

Re: Fidelity's Retirement Income Plan

vested1 wrote:
Tue Jan 02, 2018 1:50 pm
Congratulations on your birthday Ron. I believe you delayed SS until you turned 70.
Yes; Valentine's day will surely be "sweet" this year. It's the day of my first SS deposit.

- Ron
by Ron
Tue Jan 02, 2018 1:27 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity's Retirement Income Plan
Replies: 22
Views: 1967

Re: Fidelity's Retirement Income Plan

I read this to say I can take a distribution that meets the RMD anytime in the YEAR I turn 70.5 .... else how would someone who turns 70.5 on Dec 30 get an RMD in that tax/calendar year ? You are correct. The RMD can be taken anytime in the year you turn 70.5 (ignoring the QCD situation). Ref: http...
by Ron
Tue Jan 02, 2018 8:51 am
Forum: Personal Finance (Not Investing)
Topic: Embarrassment Preventing Retirement Work: A factor for you?
Replies: 133
Views: 13047

Re: Embarrassment Preventing Retirement Work: A factor for you?

<snip...> IMO, volunteer work would be best. There are many opportunities to volunteer and help fulfill needs for people and ministries. Yours is a good problem to have. Best wishes in solving it. I've been retired just over a decade; my wife just over 5 years. Each of us deliver through the Meals ...
by Ron
Sun Dec 31, 2017 9:41 am
Forum: Personal Consumer Issues
Topic: Another car thread - old ones?
Replies: 14
Views: 980

Re: Another car thread - old ones?

My 2015 SUV feeds my "body".

My 2002 Mustang GT vert feeds my "soul".

FWIW,

- Ron
by Ron
Sun Dec 31, 2017 9:23 am
Forum: Investing - Help with Personal Investments
Topic: What do you consider wealthy?
Replies: 28
Views: 2604

Re: What do you consider wealthy?

Somebody with a dollar more than I have :wink: ...

- Ron
by Ron
Sun Dec 31, 2017 8:24 am
Forum: Personal Consumer Issues
Topic: European Cities that don't interest you
Replies: 187
Views: 12111

Re: European Cities that don't interest you

Actually, none of them. However, my DW (aka "the traveler") hasn't seen a euro city that she did not enjoy (along with all the other cities around the world that we've been to, over the years). As for me? I worked for/in two separate European based companies that had HQ in Europe, but US ops and I s...
by Ron
Fri Dec 29, 2017 12:25 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity's year end mutual fund distribution estimates - am I confused or are they ridiculously inaccurate?
Replies: 3
Views: 347

Re: Fidelity's year end mutual fund distribution estimates - am I confused or are they ridiculously inaccurate?

An estimate is an estimate - not a fact.

If you really have a problem with this, I would contact FIDO directly and make your concerns known.

- Ron
by Ron
Wed Dec 27, 2017 11:33 am
Forum: Forum Issues and Administration
Topic: Can we bring back the yearly net worth spreadsheet?
Replies: 9
Views: 1064

Re: Can we bring back the yearly net worth spreadsheet?

What's most important IMHO is for you to measure yourself against your own goals, not some other unverified entity on the internet (even if they are sincere in truthful reporting on their personal facts).

- Ron
by Ron
Mon Dec 25, 2017 11:00 am
Forum: Investing - Theory, News & General
Topic: Social Security - First Monthly Benefit Receipt
Replies: 10
Views: 1350

Re: Social Security - First Monthly Benefit Receipt

Actually that schedule is not necessarily accurate in practice. My wife's birthday is in the first "zone" and mine is in the second, but we always get our direct deposits on the same day, which is either in the first week (sometimes) or the second week (usually). For example, in October we got our ...
by Ron
Sat Dec 23, 2017 3:22 pm
Forum: Investing - Help with Personal Investments
Topic: Ever tempted to shut it down once you have “enough”?
Replies: 37
Views: 4278

Re: Ever tempted to shut it down once you have “enough”?

Not at all, because we do have more than enough for the next 50+ years, we plan to move slowly from 50/50 to 70/30 throughout our retirement. We want to grow our portfolio for future generations. Not fair thinking about something beyond your own retirement. Life isn't fair. We have to keep a good d...
by Ron
Sat Dec 23, 2017 12:03 pm
Forum: Investing - Theory, News & General
Topic: Social Security - First Monthly Benefit Receipt
Replies: 10
Views: 1350

Re: Social Security - First Monthly Benefit Receipt

My wife's birthday is Feb 14, her application was approved last month, and they told her her first direct deposit will hit her account third week of April, 2018. TravelforFun My wife's birthday is May 27th; she received her first check on June 15th. Is your wife applying for age 62 benefits? If she...