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by Ron
Fri Jun 23, 2017 10:17 am
Forum: Personal Consumer Issues
Topic: New cars w/ no CD player -- what can I do with my CDs?
Replies: 38
Views: 2494

Re: New cars w/ no CD player -- what can I do with my CDs?

If you get a vehicle with an entertainment system for the back seat folks (like I have on my Acadia) you still have the ability to use a music CD.

However, that's quite an expensive solution if all you wish to do is listen is your own CD's.

- Ron
by Ron
Tue Jun 20, 2017 11:19 am
Forum: Investing - Theory, News & General
Topic: What do BH think of this formula for an early retiree?
Replies: 26
Views: 3055

Re: What do BH think of this formula for an early retiree?

dbr wrote:Instead of "What do BH think of . . ." can you explain what problem you are trying to solve and what the rationale for your solution is?

Agreed...

- Ron
by Ron
Mon Jun 19, 2017 6:52 pm
Forum: Investing - Theory, News & General
Topic: is offering this [Vanguard] website feature feasible?
Replies: 29
Views: 1921

Re: is offering this [Vanguard] website feature feasible?

Don't folks just use morningstar.com to do exactly this? How? Via the X-Ray Stock Intersection screen. For instance, our holdings in Apple (AAPL) shows the various funds we have a position, along with current dollar value and % of portfolio net assets. I can see that we hold AAPL in six different f...
by Ron
Mon Jun 19, 2017 7:18 am
Forum: Personal Finance (Not Investing)
Topic: Credit for Retirees
Replies: 16
Views: 1632

Re: Credit for Retirees

I've been retired for a decade, thus far. During that time I have purchased two cars and have obtained three new CC's. The only thing I listed on the credit application was my income total. I didn't say where that income came from (it came exclusively from my retirement portfolio). What matters is t...
by Ron
Sat Jun 17, 2017 1:55 pm
Forum: Personal Finance (Not Investing)
Topic: Financial Freedom at 55, Early Retirement, SPIA a good idea?
Replies: 23
Views: 1918

Re: Financial Freedom at 55, Early Retirement, SPIA a good idea?

The 5.20% "return" you speak of is not really a return on your "investment" (e.g. premium), but also includes a return of your own money. You really need to perform an IRR to try to calculate the actual return rate. I (along with my wife) went against the general consensus of the...
by Ron
Fri Jun 16, 2017 11:40 am
Forum: Investing - Help with Personal Investments
Topic: contribution of more than $18,000 to 401k - no refund?
Replies: 31
Views: 1780

Re: contribution of more than $18,000 to 401k - no refund?

Maybe things have changed, but this was a normal situation I had with my employer who's 401(k) was administered by FIDO. I contributed "above the line" over many years and upon retirement (a decade ago) FIDO did a rollover to an IRA upon my request along with sending me a check for my alre...
by Ron
Thu Jun 08, 2017 7:46 am
Forum: Investing - Theory, News & General
Topic: Retirees: What are you doing about withdrawing?
Replies: 31
Views: 4132

Re: Retirees: What are you doing about withdrawing?

If you have a monthly (or any cycle) budget, it's simple. I/wife withdraw from our respective TIRA MM account, paying FIT at the time of withdrawal (no state/local income tax in our area). My wife's budget is static and she has an auto-withdrawal from her VG account on the 25th, deposited to her che...
by Ron
Wed Jun 07, 2017 9:01 am
Forum: Investing - Help with Personal Investments
Topic: Is there anything wrong with starting with a Traditional IRA then transitioning to a Roth IRA
Replies: 16
Views: 916

Re: Is there anything wrong with starting with a Traditional IRA then transitioning to a Roth IRA

Why Roth and no traditional at all? I plan on being at a lower tax bracket when I enter retirement so why not take advantage of tax deductible contributions while I can. Ay, there's the rub! After being informed (for decades) that I would be in a lower tax marginal tax bracket in retirement, I find...
by Ron
Tue Jun 06, 2017 8:35 am
Forum: Investing - Help with Personal Investments
Topic: How do I get monthly checks from my investments in retirement?
Replies: 15
Views: 2550

Re: How do I get monthly checks from my investments in retirement?

My wife also wanted a "paycheck" upon retirement five years ago. Since she keeps 3-4 years in her VG TIRA MM (VMMXX) she simply set up a monthly auto-withdrawal/transfer to her credit union account. Part of the withdrawal is directed by VG to the feds in order to pay FIT (no local/state in...
by Ron
Mon Jun 05, 2017 7:45 am
Forum: Investing - Help with Personal Investments
Topic: Benefits of waiting to convert $4,000,000 in IRAs into Roth
Replies: 41
Views: 4574

Re: Benefits of waiting to convert $4,000,000 in IRAs into Roth

There are more than a few calculators available to let you know about your possible options. Here's one for you: http://www.schwab.com/public/schwab/investing/retirement_and_planning/understanding_iras/ira_calculators/roth_ira_conversion I went through this exercise this year since my wife/me will b...
by Ron
Sun Jun 04, 2017 10:12 am
Forum: Investing - Help with Personal Investments
Topic: Roth conversions if you are already in the 25% bracket
Replies: 16
Views: 1288

Re: Roth conversions if you are already in the 25% bracket

Here's a response from a related thread concerning my comments on conversion at the 25% rate:

viewtopic.php?f=1&t=219630#p3384512

- Ron
by Ron
Fri Jun 02, 2017 6:01 pm
Forum: Investing - Help with Personal Investments
Topic: Fixed Indexed Annuity
Replies: 8
Views: 553

Re: Fixed Indexed Annuity

Here's one article that has been discussed in the past:

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

- Ron
by Ron
Fri Jun 02, 2017 8:18 am
Forum: Investing - Theory, News & General
Topic: RMD on Declining Balance
Replies: 53
Views: 3293

Re: RMD on Declining Balance

I wonder how many retirees know that they will have a RMD on a declining balance on their IRAs? and Somewhere-Sometime they will discover that their IRA will no longer support their life style of ~4% SWR? YMMV I disagree. I'm a math guy and am fully aware of how RMDs work over time. Bulk of my inco...
by Ron
Tue May 30, 2017 9:27 am
Forum: Personal Consumer Issues
Topic: Do I deserve it? [A new car]
Replies: 69
Views: 5197

Re: Do I deserve it?

climber2020 wrote:No. You're 25 and living with your parents. First priority should be moving out and getting your own place.

Fully agree, unless you are supporting them financially (totally) or they have physical ailments that require you to help.

- Ron
by Ron
Sun May 28, 2017 10:07 am
Forum: Personal Finance (Not Investing)
Topic: Private Pension Cuts
Replies: 30
Views: 3980

Re: Private Pension Cuts

The Coca-Cola Co
NYSE: KO
by Ron
Sun May 28, 2017 8:35 am
Forum: Investing - Help with Personal Investments
Topic: Withdrawal questions
Replies: 10
Views: 1293

Re: Withdrawal questions

My wife has four sources of retirement income to meet her budget; two small pensions, her spousal SS (based upon my SS), and the remainder drawn from her VG MM account with withdraws done automatically and having taxes taken out for her withdrawal along with taxes due on her other three sources of i...
by Ron
Sat May 27, 2017 4:21 pm
Forum: Personal Finance (Not Investing)
Topic: Annuity post retirement
Replies: 16
Views: 1035

Re: Annuity post retirement

<snip...>If the $100,000 is their entire life savings, don't annuitize it. If they had an emergency that required $10,000, how could they come up with the money? Exactly. I purchased an annuity (SPIA) upon my retirement ten years ago. When I completed the application, I had to attest that the annui...
by Ron
Sat May 27, 2017 9:42 am
Forum: Investing - Help with Personal Investments
Topic: Avoiding Taxes with RMD
Replies: 59
Views: 6705

Re: Avoiding Taxes with RMD

cheri said: "You chose not to take advantage of your best opportunity to reduce your RMDs going forward" Not true. Go back and reread my posts. Last year was the year I really might have converted some to Roth, but it would have been one water drop in a big gallon bucket, no real impact. ...
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: 1071

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: 5323

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: 114
Views: 14974

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: 867

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: 4263

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: 2655

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: 1702

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: 1743

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: 3014

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: 1510

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: 769

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: 248
Views: 25606

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: 1216

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: 3792

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: 20462

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: 2875

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: 3225

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: 10243

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: 10243

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: 971

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: 743

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: 2760

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: 998

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: 13201

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: 6971

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: 11684

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: 6170

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: 1885

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: 4758

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: 2651

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: 2515

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...

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