Search found 5867 matches

by Ron
Sun Apr 23, 2017 10:27 am
Forum: Investing - Theory, News & General
Topic: Why are pensions revered, but annuities reviled?
Replies: 77
Views: 4535

Re: Why are pensions revered, but annuities reviled?

For those that have been a part of a defined benefit (e.g. pension) plan/program, you cannot lose what has been contributed by the company in your behalf, due to ERISA rules: https://www.dol.gov/agencies/ebsa/about-ebsa/our-activities/resource-center/faqs/retirement-plans-and-erisa-consumer If a pla...
by Ron
Sat Apr 22, 2017 10:30 am
Forum: Investing - Theory, News & General
Topic: Why are pensions revered, but annuities reviled?
Replies: 77
Views: 4535

Re: Why are pensions revered, but annuities reviled?

Being an old guy who spent much of his working life in companies that had pensions and then suddenly thrust into the universe that I had to fend for myself by saving/investing for the future, I would say (at least to me) pensions were given where annuities are bought , requiring you to give up a por...
by Ron
Wed Apr 19, 2017 9:34 pm
Forum: Personal Consumer Issues
Topic: Selling classic car via consignment
Replies: 10
Views: 843

Re: Selling classic car via consignment

Not a classic, but I sold my wife's Chevy Impala via consignment through a local garage a few years ago that was formerly a GM dealership (they still do a lot of maintenance on GM autos). We agreed to a price along with a 50/50 split of additional profit if it sold for more than the agreed upon pric...
by Ron
Tue Apr 18, 2017 7:50 am
Forum: Investing - Theory, News & General
Topic: RMD Question
Replies: 6
Views: 652

Re: RMD Question

You certainly don't have to hire an accountant to compute your RMD's based upon your age/tax deferred assets. Here's the worksheet for most folks (spouse not 10 years younger/inherited IRA's): https://www.irs.gov/pub/irs-tege/uniform_rmd_wksht.pdf Here's the calculation for those that have a spouse ...
by Ron
Mon Apr 17, 2017 6:31 pm
Forum: Personal Finance (Not Investing)
Topic: "Vanguard's free RMD Service: Sign up before you turn 70½"
Replies: 23
Views: 2400

Re: "Vanguard's free RMD Service: Sign up before you turn 70½"

Multiple IRA's - multiple institutions for both me and my wife. It's not a solution worth investigating in our case. In fact, in my wife's situation it doesn't mean a thing since she will be taking out more than her calculated RMD starting next year when she becomes 70.5. I guess if you spend enough...
by Ron
Sun Apr 16, 2017 4:38 pm
Forum: Personal Consumer Issues
Topic: Provence and Normandy
Replies: 11
Views: 860

Re: Provence and Normandy

We're doing this Viking cruise the week of September 8th:

https://www.vikingrivercruises.com/crui ... l#noscroll

- Ron
by Ron
Sun Apr 16, 2017 4:26 pm
Forum: Personal Finance (Not Investing)
Topic: Do you have an umbrella policy?
Replies: 127
Views: 11034

Re: Do you have an umbrella policy?

Yes.

$1M / $260/yr.

- Ron
by Ron
Sat Apr 15, 2017 4:40 pm
Forum: Investing - Theory, News & General
Topic: Is there any reason a buy-and-hold investor would buy gold?
Replies: 121
Views: 5877

Re: Is there any reason a buy-and-hold investor would buy gold?

Sure there is; ring finger left hand.

Hopefully, it's a long term "investment" :P ...

- Ron
by Ron
Sat Apr 15, 2017 4:32 pm
Forum: Personal Finance (Not Investing)
Topic: My kids don't care about saving
Replies: 114
Views: 10533

Re: My kids don't care about saving

<snip...> I have even gone as far as setting up ROTHS at VG and funded them for the last few years In hopes they would get onboard.....nope. Frustratng. Uh, if you're taking care of funding their retirement (in addition to any future inheritance they may receive), why should they worry? Heck, it's ...
by Ron
Thu Apr 13, 2017 9:39 pm
Forum: Investing - Theory, News & General
Topic: Jack says be realistic
Replies: 48
Views: 5650

Re: Jack says be realistic

Given that, Bogle doesn’t see the next few years bringing stock gains anything like the average 11% rise across his own career. Instead, investors should expect annual returns of around 4% for equities, he said. All the risk of equities for about 1/3 of the bygone returns. Those approaching the end...
by Ron
Thu Apr 13, 2017 7:58 am
Forum: Personal Consumer Issues
Topic: Keep old yet reliable used car or buy new
Replies: 28
Views: 1702

Re: Keep old yet reliable used car or buy new

lazydavid wrote:There are plenty of good reasons to buy a new car, but "my battery died" and "I'm due for a fluid change" are not among them.

How about "my ashtray is full" (and I don't even smoke) :mrgreen: ...

- Ron
by Ron
Wed Apr 12, 2017 1:41 pm
Forum: Personal Consumer Issues
Topic: Car Breaks Down on Long Road Trip
Replies: 52
Views: 4023

Re: Car Breaks Down on Long Road Trip

Sidney wrote:Why not rent a car to begin with. If car breaks down, rental company brings you a replacement and deals with the problem.

Exactly.

- Ron
by Ron
Wed Apr 12, 2017 1:24 pm
Forum: Investing - Help with Personal Investments
Topic: Help with moms annuity account (>$1M)
Replies: 30
Views: 2485

Re: Help with moms annuity account (>$1M)

<snip...> SPIA's are preferred (well >5% withdrawal rates as you age vs this plan), but risky because you give up all access to your principle and can potentially lose it all upon earlier than expected death . Not necessarily true. There is a way around this "risk". For my/our SPIA, we op...
by Ron
Wed Apr 12, 2017 8:37 am
Forum: Investing - Help with Personal Investments
Topic: Skeptical Tuna needs help hitting it big!
Replies: 22
Views: 2386

Re: Skeptical Tuna needs help hitting it big!

Can't you get a paying job AND work on " the next big thing "? Your wife deserves a gold medal Amen! IMHO, he already "hit it big". A lot of "I" rather than "we" comments (I hope she has a good prenup). BTW, " enjoy travel and seeing family across the wo...
by Ron
Wed Apr 12, 2017 8:20 am
Forum: Personal Consumer Issues
Topic: You can never go "home" - retirement
Replies: 84
Views: 11502

Re: You can never go "home" - retirement

joe8d wrote:I never left.

That makes at least two of us (three, including my wife) 8-) ...

- Ron
by Ron
Wed Apr 12, 2017 7:23 am
Forum: Personal Finance (Not Investing)
Topic: Financing purchase of new home prior to selling old one
Replies: 7
Views: 553

Re: Financing purchase of new home prior to selling old one

https://www.thebalance.com/what-are-bri ... ns-1798410

We did this on a home years ago, paying only interest on the loan until our previous home sold/settled.

- Ron
by Ron
Tue Apr 11, 2017 9:44 am
Forum: Personal Finance (Not Investing)
Topic: Retiring - "not subject to tax" 401K funds
Replies: 33
Views: 3697

Re: Retiring - "not subject to tax" 401K funds

I know that things have changed over the last decade since my retirement, but at the time I just had FIDO (my former company's 401(k) provider) split out my non-taxable contributions and just send the proceeds to my taxable FIDO MM account which was part of my 4 years expenses (at the time) cash buc...
by Ron
Sun Apr 09, 2017 3:15 pm
Forum: Investing - Help with Personal Investments
Topic: My 72 year old father is looking for advice on where to park ~$300K
Replies: 20
Views: 2289

Re: My 72 year old father is looking for advice on where to park ~$300K

Sandtrap wrote:SPIA "Single Payer Immediate Annuity" not variable.

Actually, it stands for Single Premium Immediate Annuity (and yes, I have one - works well for my situation :mrgreen: )...

- Ron
by Ron
Sat Apr 08, 2017 12:21 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security at 62 vs 66
Replies: 53
Views: 9035

Re: Social Security at 62 vs 66

Maybe I'm missing something, but how are you in good health when you are getting a military disability? Even though this comment/question is from almost five years ago, I'll still answer it since it is a logical one and I don't see a response thus far. One does not have to have a health problem to ...
by Ron
Sat Apr 08, 2017 8:35 am
Forum: Personal Consumer Issues
Topic: Car door lock problem
Replies: 11
Views: 667

Re: Car door lock problem

I'm surprised you don't have an app for that (unlock car) :mrgreen: ...

- Ron
by Ron
Tue Apr 04, 2017 8:55 am
Forum: Personal Finance (Not Investing)
Topic: Medigap Plan F Increases
Replies: 37
Views: 2120

Re: Medigap Plan F Increases

minesweep wrote: My plan goes through Tower Watson too. So I receive a healthcare reimbursement arrangement from my former employer as well. It's a fixed amount ($487.50 a quarter).

Probably not; we (me/wife) get funded on an annual basis for a total of $5k/year.

- Ron
by Ron
Mon Apr 03, 2017 7:03 pm
Forum: Personal Finance (Not Investing)
Topic: Did you and your spouse have different opinions on retirement income need?
Replies: 31
Views: 2415

Re: Did you and your spouse have different opinions on retirement income need?

We kept it simple. We planned for getting the same net income as we had gotten during our respective working years, adjusted for our respective PROI (personal rate of inflation). Using the net income target simplified the discussion of taking total pay and subtracting out taxes, investments, and any...
by Ron
Mon Apr 03, 2017 6:28 pm
Forum: Personal Finance (Not Investing)
Topic: Medigap Plan F Increases
Replies: 37
Views: 2120

Re: Medigap Plan F Increases

Eastern PA, with AARP UHP Plan F: 2015 rate: 0.0% increase (from 2014 initial age 65 rate) 2016 rate: 7.5% increase 2017 rate: 6.3% increase It might not be the cheapest plan around (current monthly rate of $152.92) but it's fully refunded via my former company's retirement HRA. To get the reimburse...
by Ron
Mon Apr 03, 2017 9:49 am
Forum: Investing - Help with Personal Investments
Topic: Annuities the answer for correctly timing transition to retirement?
Replies: 89
Views: 3762

Re: Annuities the answer for correctly timing transition to retirement?

At age 63 in 2013, I started retirement by annuitizing a decent amount with TIAA for Lifetime Income. The monthly paycheck from these payout-phase annuities covered my routine expense and then some. In addition, to bridge the years to start of full SS at age 70, I began taking monthly systematic wi...
by Ron
Sat Apr 01, 2017 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: Retired 5 to 10 years? How has this bull changed your spending?
Replies: 13
Views: 1405

Re: Retired 5 to 10 years? How has this bull changed your spending?

It hasn't changed a thing. I'm still spending the same amount (although adjusted upward for my personal rate of inflation) as forecast when I retired in early 2007 and my retirement budget is/was at 100% of my net pay when I stopped working. The value of my retirement assets have slightly fallen dur...
by Ron
Sat Apr 01, 2017 10:05 am
Forum: Investing - Help with Personal Investments
Topic: Downloading Transactions from Vanguard into Quicken
Replies: 13
Views: 745

Re: Downloading Transactions from Vanguard into Quicken

I have had numerous problems over the years when downloading Vanguard transactions to Quicken. Fully convinced it is Vanguard's improper reporting since: [list]I have never had a problem with Scwhab or Merrill Lynch No problem with the Vanguard Brokerage option <snip...> I/wife have separate files ...
by Ron
Fri Mar 31, 2017 8:06 pm
Forum: Personal Consumer Issues
Topic: Are people aware that Verizon email is being terminated?
Replies: 52
Views: 5059

Re: Are people aware that Verizon email is being terminated?

I didn't realize it still existed. I can't see how maintaining it would be a good use of their resources when people can get unlimited email addresses for free from Google. I thought they had moved it to Yahoo. I have a sibling who gets her Verizon email by logging into Yahoo. You can have other ma...
by Ron
Fri Mar 31, 2017 4:08 pm
Forum: Personal Consumer Issues
Topic: Do I need new tires?
Replies: 51
Views: 3375

Re: Do I need new tires?

Just for snickers, I'm letting the group know that I just ordered replacement tires for my '02 Mustang GT vert which I purchased new (ordered from factory) and still have the original Z rated Goodyear Eagle's mounted. Unfortunately, I have to replace them with Y rated tires (only good up to 186 mph ...
by Ron
Fri Mar 31, 2017 11:59 am
Forum: Personal Consumer Issues
Topic: Are people aware that Verizon email is being terminated?
Replies: 52
Views: 5059

Re: Are people aware that Verizon email is being terminated?

Yes, I was notified (like everybody else) a month ago. I kept my Verizon prefix address with the exception of running my mail through Outlook (@outlook suffix). Took a couple of hours to move everything over, including bill and CC contacts earlier this month. No big thing (at least in my world)... -...
by Ron
Tue Mar 28, 2017 9:04 am
Forum: Personal Finance (Not Investing)
Topic: An Alternative to ER...
Replies: 2
Views: 628

An Alternative to ER...

Some folks just can't learn to relax :mrgreen:

http://abcnews.go.com/Weird/wireStory/j ... y-46416545

- Ron
by Ron
Fri Mar 10, 2017 5:24 pm
Forum: Personal Consumer Issues
Topic: Use cellphone tethering instead of home internet?
Replies: 24
Views: 1592

Re: Use cellphone tethering instead of home internet?

We had a problem with Verizon DSL yesterday and I switched over to tethering on my T-Mobile cell device and used it for a few hours until the Verizon problem was cleared up. I'm just switched over to T-Mobile's all inclusive plan ( https://www.t-mobile.com/cell-phone-plans ) for my wife/me and it st...
by Ron
Sun Mar 05, 2017 11:47 am
Forum: Personal Consumer Issues
Topic: Older car getting dents and dings :(
Replies: 26
Views: 2215

Re: Older car getting dents and dings :(

Don't worry about it.

Just like people who grow older and get the "dents and dings" of life, it adds character to their being :beer ...

- Ron
by Ron
Wed Mar 01, 2017 4:05 pm
Forum: Personal Finance (Not Investing)
Topic: How Much to Stretch for "Forever Home"
Replies: 42
Views: 3987

Re: How Much to Stretch for "Forever Home"

My husband and I are looking to purchase our, hopefully, forever home. 36 years old is way too young to assume you are going to spend the next 40 or 50 years in the home. A lot can change in that amount of time. I would go into any house purchase with the assumption that you might need to sell it s...
by Ron
Mon Feb 27, 2017 2:27 pm
Forum: Personal Finance (Not Investing)
Topic: Questions about Medicare Part D cost estimates
Replies: 10
Views: 846

Re: Questions about Medicare Part D cost estimates

While your plan cannot change your deductibles or premium until the following calendar year, they can (and do) change the price of drugs during the plan year. Ref: https://www.medicareinteractive.org/get-answers/medicare-prescription-drug-coverage-part-d/part-d-cost-overview/why-am-i-paying-a-differ...
by Ron
Mon Feb 27, 2017 2:07 pm
Forum: Personal Finance (Not Investing)
Topic: Why not to do ROTH Conversion
Replies: 29
Views: 3002

Re: Why not to do ROTH Conversion

While Roth conversions are often beneficial, there are reasons in many cases not to convert, or to limit the amount you convert each year: 1. If you're planning on giving (via qualified charitable distributions) or leaving your IRA to charity. 2. If you expect the tax rate on the distribution to be...
by Ron
Sun Feb 26, 2017 4:11 pm
Forum: Personal Finance (Not Investing)
Topic: Annuity Strategies from Annuity Owners.....
Replies: 4
Views: 642

Re: Annuity Strategies from Annuity Owners.....

Rather than rewrite what has been written before, here's a link to a response that I wrote nine years ago: https://www.bogleheads.org/forum/viewtopic.php?f=1&t=15659#p184393 BTW, nine years later (and ten years since I/we purchased the SPIA), I have no regrets. It fulfilled the need to provide a...
by Ron
Sun Feb 26, 2017 1:54 pm
Forum: Investing - Theory, News & General
Topic: How should people factor Social Security into their "magic number" with early retirement?
Replies: 76
Views: 6024

Re: How should people factor Social Security into their "magic number" with early retirement?

Plus age 70 is getting very close to the end of the line, and you can't take the higher payout with you! SeeMoe.. :mrgreen: I did 15 tax returns this week. On Thursday, a woman walked in with her files. She was born in 1915. Her main complaint was that her grand-niece didn't think she should drive ...
by Ron
Sun Feb 26, 2017 9:16 am
Forum: Investing - Theory, News & General
Topic: How should people factor Social Security into their "magic number" with early retirement?
Replies: 76
Views: 6024

Re: How should people factor Social Security into their "magic number" with early retirement?

I never even dreamed of having a "Magic Number" until the last few years before retirement. +1 At 35 yo, simply save as much as you can. When you start to have a large pile of money, then start asking questions like in the OP. I would agree. When I was 35 (back in 1983) I had only been in...
by Ron
Sat Feb 25, 2017 2:58 pm
Forum: Investing - Help with Personal Investments
Topic: Pension at the PBGC - when to begin taking
Replies: 21
Views: 1633

Re: Pension at the PBGC - when to begin taking

thank you furwut. I would be interested in any feedback from others in the same situation. I have to admit I had no doubts about delaying taking my pension until I talked to more and more co workers who were my age or older and I and one other, I think, were the only ones not claiming their money a...
by Ron
Sat Feb 25, 2017 2:34 pm
Forum: Personal Consumer Issues
Topic: mom wants smart phone, are there classes on how to use?
Replies: 40
Views: 2678

Re: mom wants smart phone, are there classes on how to use?

Check Apple store for classes. My parents have used for their desktops, phones and iPads. The Apple "geniuses" are very patient and helpful. [url]http://www.apple.com/retail/learn//url] I'll probably push her to an android, cause when my Windows Phone craps out, that's what I'll get, sinc...
by Ron
Wed Feb 22, 2017 1:46 pm
Forum: Personal Consumer Issues
Topic: Getting the snip: Should it be me or my partner?
Replies: 13
Views: 1555

Re: Getting the snip: Should it be me or my partner?

Give the question enough time and it will solve itself :mrgreen: ...

- Ron
by Ron
Mon Feb 20, 2017 1:36 pm
Forum: Personal Consumer Issues
Topic: Utility Bills - How do ours compare?
Replies: 44
Views: 3590

Re: Utility Bills - How do ours compare?

It's probably better to compare with folks in your immediate vicinity. Don't your utilities provide that information? <snip...> Exactly. Trying to compare different housing along with different climate conditions and throwing in family size in the mix would make it practically impossible to try to ...
by Ron
Mon Feb 20, 2017 1:30 pm
Forum: Investing - Help with Personal Investments
Topic: When do you need an annuity?.
Replies: 25
Views: 2577

Re: When do you need an annuity?.

Would it be fair to say that if you can turn your Ira money into a ladder of annual TIPS, say for 30 retirement years, that along with SS and whatever pensions you have, meet your annual expenses and still have a bit more in the stock market to cover the potential that you live more than 30 retirem...
by Ron
Sat Feb 18, 2017 3:51 pm
Forum: Investing - Help with Personal Investments
Topic: How do you invest the proceeds [from your RMD?]
Replies: 22
Views: 1950

Re: How do you invest de proceeds

The Required Minimum Distributions are paid monthly to our joint checking account, and used to pay our living expenses. This is our planned route when we both start RMD's next year. It was part of our plan to draw down on tax-deferred funds during our early retirement (me from age 59, wife from age...
by Ron
Sat Feb 18, 2017 12:52 pm
Forum: Personal Finance (Not Investing)
Topic: Life insurance policy on kids - prudent?
Replies: 35
Views: 2263

Re: Life insurance policy on kids - prudent?

Nope. To expound on this: The purpose of life insurance is to replace income that your family would need upon your death. Kids don't generate income, hence they don't need life insurance. So nope. However, the cost of a funeral can be expensive and might be of major impact to a family who has littl...
by Ron
Fri Feb 17, 2017 1:27 pm
Forum: Investing - Help with Personal Investments
Topic: What are 401k after-tax contributions?
Replies: 12
Views: 542

Re: What are 401k after-tax contributions?

My 401(k) was with FIDO during my working years, and I contributed quite a bit "above the line" over the years which was returned to me upon my retirement. The earnings of the excess contributions were included with the Rollover IRA I executed at the time of retirement, with the tax-free f...
by Ron
Thu Feb 16, 2017 3:44 pm
Forum: Personal Finance (Not Investing)
Topic: Should I put money into an IRA this year?
Replies: 4
Views: 615

Re: Should I put money into an IRA this year?

JGoneRiding wrote:Roth ira. Is what you are missing.

+1.

Roth IRA's are not subject to RMD's.

- Ron
by Ron
Sat Feb 11, 2017 5:48 pm
Forum: Personal Finance (Not Investing)
Topic: Adult Child 18 + SSI + 529
Replies: 32
Views: 1730

Re: Adult Child 18 + SSI + 529

$2,000, wow, they don't leave people much of a cushion, do they. Since SSI is taxpayer funded (split between the state/federal) they want to ensure that the person receiving benefits really do need the benefits; not that they could pay for services on their own. - Ron Let's say the person needs the...

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