Search found 5884 matches

by Ron
Mon May 22, 2017 9:41 pm
Forum: Investing - Help with Personal Investments
Topic: We are organizing Special needs trust. Asset allocation?
Replies: 15
Views: 939

Re: We are organizing Special needs trust. Asset allocation?

The special needs trust is a part of our overall estate planning, which includes our living (revocable) trust, subsequent irrevocable trusts, and the special needs trust. When we die, our assets will first fund the special needs trust up to a fixed amount and then anything over will be distributed ...
by Ron
Sat May 20, 2017 1:34 pm
Forum: Personal Consumer Issues
Topic: What are your priorities for retirement?
Replies: 56
Views: 4857

Re: What are your priorities for retirement?

I am not really sure what you are asking. Your priorities reflect you. My priorities reflect me. We all make choices. I would agree. The only thing I would add is stop planning and start doing (retire already ;-) ). I think that you will find that the time will be taken up quite quickly without spe...
by Ron
Fri May 19, 2017 2:10 pm
Forum: Investing - Help with Personal Investments
Topic: My dad is taking Social Security at 62, why would anyone not? (If they already quit working)
Replies: 95
Views: 10582

Re: My dad is taking Social Security at 62, why would anyone not? (If they already quit working)

For me, the key words of your statement/question is "why would anyone not?" . I'll agree that in your father's case (not knowing all his financial details), it might be the answer to your question. As marcopolo wrote: "Everyone needs to consider their own situation and needs." Ou...
by Ron
Thu May 18, 2017 7:22 am
Forum: Investing - Theory, News & General
Topic: Personal Capital's asset allocation - Is the tool worth the complication?
Replies: 8
Views: 784

Re: Personal Capital's asset allocation - Is the tool worth the complication?

Don't confuse your home with commercial real estate (REIT), which is only part of what PC's Alternatives represent. Per PC: "In the Investment Checkup, Alternatives are intended to represent highly liquid assets outside of stocks, bonds and cash. This includes things like Real Estate Investment...
by Ron
Tue May 16, 2017 10:04 pm
Forum: Personal Finance (Not Investing)
Topic: Delay SS, but claim if market plunges
Replies: 49
Views: 3967

Re: Delay SS, but claim if market plunges

You can look at it in that manner for your situation if you wish. As for me? I retired in early 2007 at age 59. Within the next two years I took quite a hit (as most folks in the market at the time). I did not have the option to take SS at that time (too young). However, I did have 3+ years in cash ...
by Ron
Tue May 16, 2017 9:15 am
Forum: Personal Finance (Not Investing)
Topic: Retirees afraid to spend? (Bloomberg)
Replies: 47
Views: 2383

Re: Retirees are hoarding cash

<snip...> Still, with the debate here on the board on SWRs (2%, 3%, 4%, etc.) creating a great deal of uncertainty, just let me know how much it'll cost and how long my DW and I have left to go and we'll spend it. "Back in the old days" (of my parents/grandparents generations), a life pen...
by Ron
Sun May 14, 2017 7:58 am
Forum: Personal Finance (Not Investing)
Topic: Term life insurance in older age?
Replies: 12
Views: 1579

Re: Term life insurance in older age?

<snip...>If you are nearing retirement, why would you need life insurance beyond your retirement age? You no longer are generating income so, while it would be very sad, there would be no financial loss to your family if you passed right? I'm currently age 69, have been retired for 10 years (with t...
by Ron
Sat May 13, 2017 2:17 pm
Forum: Investing - Help with Personal Investments
Topic: Newly Disabled and Need Good Advice
Replies: 16
Views: 1636

Re: Newly Disabled and Need Good Advice

<snip> The lawyers will get a chunk of your eventual SSDI claim " for life,...!" Generally, that is not correct. The lawyers (assuming a successful claim) can get up to $6K of back benefits paid to them for their services. There may be additional up front costs related to record gathering...
by Ron
Fri May 12, 2017 3:18 pm
Forum: Investing - Theory, News & General
Topic: Retirees, what is your marginal tax rate?
Replies: 33
Views: 2867

Re: Retirees, what is your marginal tax rate?

I've been retired 10 years, my wife for five, and are both 69 years of age. During our working years and for a good portion of my early retirement our combined FIT marginal rate was 15%. However, over the last five years (with both retired) has been in the 25% bracket with an effective tax rates of ...
by Ron
Fri May 12, 2017 9:24 am
Forum: Personal Consumer Issues
Topic: Solid salt in water softener
Replies: 14
Views: 1388

Re: Solid salt in water softener

Is it actually causing a problem? Sometimes they sell it in blocks. Could you just wait and see if it disappears? A salt bridge has probably formed, and the water is not being treated at all. It will not resolve itself (believe me, I know :annoyed ). See https://www.waterstoresgroup.com/resources/R...
by Ron
Thu May 04, 2017 6:46 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Witholding
Replies: 9
Views: 713

Re: Social Security Witholding

My wife is currently receiving spousal SS but does not have taxes withheld at all. She has an auto-deduction taken from her IRA with 100% going to taxes. The intent is to lower year end IRA balances in preparation for RMD's starting next year. Next year, when we both start age-70 SS, we'll have SS t...
by Ron
Tue May 02, 2017 2:12 pm
Forum: Personal Consumer Issues
Topic: Where to Live on $60K or Less a Year?
Replies: 213
Views: 17874

Re: Where to Live on $60K or Less a Year?

https://www.forbes.com/sites/williampba ... 01ca3ff3ad

Here's a resource (opinion) for you. I'm a bit prejudiced since I live in one of the towns :wink: .....

- Ron
by Ron
Sun Apr 30, 2017 9:56 am
Forum: Personal Consumer Issues
Topic: The Expensive Car
Replies: 8
Views: 1168

Re: The Expensive Car

navyitaly wrote:who cares how other spend (or waste) their money? <snip...>

Fully agree.

You can't spend their money, and you don't have to pay their debts.

As long as you're taking care of your own financial house, that's all that matters IMHO.

- Ron
by Ron
Sat Apr 29, 2017 9:18 am
Forum: Personal Consumer Issues
Topic: 7 car noises you should never ignore
Replies: 23
Views: 3683

Re: 7 car noises you should never ignore

Number 8:

Fasten seat belts chime...

- Ron
by Ron
Thu Apr 27, 2017 2:58 pm
Forum: Personal Finance (Not Investing)
Topic: Any regrets living a frugal life for high income/high networth individuals?
Replies: 170
Views: 19652

Re: Any regrets living a frugal life for high income/high networth individuals?

People are not morally obligated to earn to their maximum potential and spend as little as possible throughout their lives just to maximize savings. They are if they have responsibilities beyond the grave. My wife/me are lucky to have retired with substantial assets (not as much as some, but more t...
by Ron
Tue Apr 25, 2017 12:07 pm
Forum: Investing - Theory, News & General
Topic: Location of SPIAs, which account?
Replies: 54
Views: 2736

Re: Location of SPIAs, which account?

<snip...> For instance, if one has a SPIA and then gets a cancer diagnosis, they made the wrong choice. YMMV Why? I purchased a life SPIA upon retirement at age 59 to act as a pension (of which I didn't have) and as SS "gap insurance" to cover any period from age 62 to age 70, regardless ...
by Ron
Mon Apr 24, 2017 7:05 am
Forum: Personal Consumer Issues
Topic: Best vacuum cleaner for pet hair?
Replies: 38
Views: 3024

Re: Best vacuum cleaner for pet hair?

We've have a Dyson Animal and it works well with the shedding from our Shetland Sheepdogs over the years.

- Ron
by Ron
Sun Apr 23, 2017 10:27 am
Forum: Personal Finance (Not Investing)
Topic: Why are pensions revered, but annuities reviled?
Replies: 113
Views: 9725

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: Personal Finance (Not Investing)
Topic: Why are pensions revered, but annuities reviled?
Replies: 113
Views: 9725

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: 940

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: 714

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: 2664

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: 948

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: 129
Views: 12694

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: 6608

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: 11347

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: 5922

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: 1819

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: 55
Views: 4603

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: 2558

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: 2455

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: 85
Views: 12496

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: 608

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: 3772

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: 2382

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: 9229

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: 736

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: 2289

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: 2497

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: 2289

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: 4102

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: 1494

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: 827

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: 54
Views: 6072

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: 3559

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: 54
Views: 6072

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: 651

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: 1708

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: 2282

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

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