Search found 6181 matches

by Ron
Sat Apr 14, 2018 10:52 am
Forum: Personal Finance (Not Investing)
Topic: Could you support family on 1 income?
Replies: 88
Views: 5542

Re: Could you support family on 1 income?

I'd just like to point out that among active duty military families, for a variety of reasons, living on one income is the norm, almost regardless of the spouse's education level or the service member's rank/income. This is a good primer on the issue which states that only 38% of military spouses a...
by Ron
Sat Apr 14, 2018 8:30 am
Forum: Investing - Theory, News & General
Topic: Social Security survivor benefit
Replies: 11
Views: 727

Re: Social Security survivor benefit

SSI or SS?

SSI is state dependent and may have different benefits depending on the state of residence.

It is not to be confused with the federal SS program.

You state SS in the title, but then you reference SSI in your comment.

- Ron
by Ron
Wed Apr 11, 2018 2:10 pm
Forum: Personal Consumer Issues
Topic: Redesigned 2019 Forester - details now available
Replies: 18
Views: 3231

Re: Redesigned 2019 Forester - details now available

I’d go nuts driving manual in the city, so not an issue for me. I don’t really see anything compelling in the redesign specs you mention. I like my 2015. But it has a weird issue with the electrical where it reboots the system randomly, and it seems to be rough on the battery . My 2017 Outback had ...
by Ron
Tue Apr 10, 2018 7:48 pm
Forum: Investing - Help with Personal Investments
Topic: SPIA Return - Am I calculating this correctly?
Replies: 72
Views: 2644

Re: SPIA Return - Am I calculating this correctly?

My understanding is that taxes are paid on the 132k . No taxes on the rest since that is return of OP's money. Unless the premium is paid with qualified funds, such as from a TIRA or 401(K). In that case, all payouts will become taxable, in the year they are paid. A plus for an SPIA funded with qua...
by Ron
Tue Apr 10, 2018 8:09 am
Forum: Investing - Theory, News & General
Topic: Why not annuitize most of portfolio?
Replies: 104
Views: 7916

Re: Why not annuitize most of portfolio?

"Why not annuitize most of portfolio?" Simply, because you can't/shouldn't annuitize "most" of your investments. When I purchased my SPIA upon retirement, at age 59, I had to "certify" while filling out the paperwork that the annuity I was purchasing, along with all other existing annuities I had (...
by Ron
Sun Apr 08, 2018 4:42 pm
Forum: Personal Finance (Not Investing)
Topic: Trustees of Special Need Trusts - Who Files your Beneficiary's 1040?
Replies: 9
Views: 529

Re: Trustees of Special Need Trusts - Who Files your Beneficiary's 1040?

While we don't use LPL financial as an investment adviser for our disabled son's SNT, we do use the services of their Trust affiliation that will manage tax filings after we're gone: http://theprivatetrustcompany.com/services/trust-administration/ This is set up in my/wife's will/trust documents as ...
by Ron
Fri Apr 06, 2018 3:15 pm
Forum: Personal Consumer Issues
Topic: Want/need some income in semi-retirement
Replies: 90
Views: 6249

Re: Want/need some income in semi-retirement

Might be best to look at what you spend and reduce that. None of the suggestions here are more than a stopgap. You will get older, but you will do it with the same expenses. If you take a job that brings in that amount, can you sustain that work going forward? You stated you want/need this 1-1.5k m...
by Ron
Fri Apr 06, 2018 11:12 am
Forum: Personal Finance (Not Investing)
Topic: Permanent DINK couples - Considerations, thoughts, etc?
Replies: 40
Views: 4430

Re: Permanent DINK couples - Considerations, thoughts, etc?

ksualum wrote:
Fri Apr 06, 2018 10:43 am
<snip...> The experiment will end in 20 years when she is hopefully out of the house . . . . I'll keep everyone posted yearly . . . :wink: :beer
And then possibly there are grand-kids.

The cycle doesn't necessarily end - but you will :mrgreen: ...

- Ron
by Ron
Fri Apr 06, 2018 10:14 am
Forum: Personal Finance (Not Investing)
Topic: Permanent DINK couples - Considerations, thoughts, etc?
Replies: 40
Views: 4430

Re: Permanent DINK couples - Considerations, thoughts, etc?

CULater wrote:
Fri Apr 06, 2018 10:08 am
What's a DINK?
Dual Income, No Kids...

- Ron
by Ron
Wed Apr 04, 2018 11:08 am
Forum: Personal Consumer Issues
Topic: Want/need some income in semi-retirement
Replies: 90
Views: 6249

Re: Want/need some income in semi-retirement

RMD's?

- Ron
by Ron
Wed Apr 04, 2018 7:39 am
Forum: Personal Finance (Not Investing)
Topic: 2018 Camry. What's wrong with me?
Replies: 99
Views: 5351

Re: 2018 Camry. What's wrong with me?

That's why I have two cars, one for my body - one for my soul.

- Ron
by Ron
Tue Apr 03, 2018 9:51 pm
Forum: Investing - Help with Personal Investments
Topic: Annuity w guaranteed 5-6% return [payout]?
Replies: 50
Views: 4423

Re: Annuity w guaranteed 5-6% return [payout]?

jpsc wrote:
Tue Apr 03, 2018 9:46 pm
I can't seem to find SPIA in Fidelity - does Fidelity has a different name?
https://www.fidelity.com/annuities/imme ... es/compare

- Ron
by Ron
Tue Apr 03, 2018 8:28 am
Forum: Personal Finance (Not Investing)
Topic: Liability for 32 year old step son living home
Replies: 79
Views: 8292

Re: Liability for 32 year old step son living home

TxAg wrote:
Mon Apr 02, 2018 8:37 pm
Did we have these kinds of issues 40+ years ago?
How about 20+ years ago?

http://homes.chass.utoronto.ca/~ngargan ... a.art.html

- Ron
by Ron
Mon Apr 02, 2018 3:07 pm
Forum: Investing - Help with Personal Investments
Topic: Annuity w guaranteed 5-6% return [payout]?
Replies: 50
Views: 4423

Re: Annuity w guaranteed 5-6% return?

I would say that the quoted return includes a portion of the premium paid. That means the insurance company is including the policy holders own money in the return, rather than stating an IRR without any returned premium. As a comparison, I purchased an immediate annuity (SPIA - Single Premium Incom...
by Ron
Sat Mar 31, 2018 11:59 am
Forum: Investing - Theory, News & General
Topic: Nice article on saving money and financial independence
Replies: 36
Views: 5097

Re: Nice article on saving money and financial independence

this article doesn't add up. as someone else has pointed already, she needs $1.2M to sustain a monthly $2k income. if she's able to save 3/4 of her $75k income, that means 56k saved every year. assuming 56k contributions yearly, and 6% RoR, she needs 14-15 years to reach 1.2M. so she was "near-brok...
by Ron
Sat Mar 31, 2018 11:22 am
Forum: Investing - Theory, News & General
Topic: Nice article on saving money and financial independence
Replies: 36
Views: 5097

Re: Nice article on saving money and financial independence

"Her goal is to amass a portfolio that throws off $2,000 a month for life..." Assuming she's looking at dividends ("throw off" rather than sell), and being the long term dividend rate is right around 2%, that means that she needs to have at least a portfolio valued at $1.2M. Not an impossible situa...
by Ron
Sat Mar 31, 2018 9:07 am
Forum: Personal Consumer Issues
Topic: Portable Inverter Generator vs Standby Generator
Replies: 78
Views: 2836

Re: Portable Inverter Generator vs Standby Generator

For planning purposes.... 20 KW propane @ 50% load is 2 gph - 500 gallon tank with head space and minimal pressure at low level is 80% - 80% of 500 gallons is 400 gallons. So assuming a completely 'full' tank your run time should be 200 hrs. at 1/2 load. At full load that would be less than 120 hrs...
by Ron
Sat Mar 31, 2018 8:08 am
Forum: Personal Consumer Issues
Topic: Portable Inverter Generator vs Standby Generator
Replies: 78
Views: 2836

Re: Portable Inverter Generator vs Standby Generator

It seems most of you are advising to go for the $4k 5.5/7kw honda inverter vs the $11k 22kw Generac standby. When I could only afford a portable unit, that's what I had (and still do, for miscellaneous outdoor work where I don't want to string a long extension cord). As I aged (currently 70) and I ...
by Ron
Wed Mar 28, 2018 12:55 pm
Forum: Local Chapters and Bogleheads Community
Topic: A lot of heavy hitters this morning
Replies: 244
Views: 16932

Re: A lot of heavy hitters this morning

Just remember, when folks start to talk about their 7 figure portfolios, that could mean anything from $10,000.00 to $9,999,999.

Both amounts have seven (digit) figures :mrgreen: ...

- Ron
by Ron
Wed Mar 28, 2018 8:01 am
Forum: Investing - Theory, News & General
Topic: How old were you when you started spending your “principal”?
Replies: 90
Views: 8032

Re: How old were you when you started spending your “principal”?

Ron, may I ask at what age you bought the annuity and your reasoning for doing so? An annuity is my backup plan but I'm pretty sure I won't need it as my SS is unbelievably high, almost close to the max, and I was lucky enough to retire 3 years ago into a strong market. I purchased the SPIA when I ...
by Ron
Tue Mar 27, 2018 1:41 pm
Forum: Personal Finance (Not Investing)
Topic: Can someone list all the benefits of "FRA" ? [vs taking SS one month before FRA]
Replies: 12
Views: 1073

Re: Can someone list all the benefits of "FRA" ? [vs taking SS one month before FRA]

There’s also the issue of when you actually get “credited” for your delay... can’t remember exactly where, but saw that the SS doesn’t actually change your amounts until the next year,if after the middle of the year, so if FRA is in August it might be better to delay until you can start in January....
by Ron
Tue Mar 27, 2018 9:23 am
Forum: Personal Finance (Not Investing)
Topic: When to Take Social Security (again...)
Replies: 62
Views: 5118

Re: When to Take Social Security (again...)

<snip...> My projections said that I would have enough money to make it until I turned age 103. Before anybody speaks negatively about that statement, a "senior" up the street (a Pearl Harbor survivor) celebrated his 103rd birthday last Sunday :shock: ... BTW, the first person to receive SS, Ida Ma...
by Ron
Tue Mar 27, 2018 8:54 am
Forum: Personal Finance (Not Investing)
Topic: Retirees: How does your retirement spending compare to pre-retirement spending?
Replies: 48
Views: 6331

Re: Retirees: How does your retirement spending compare to pre-retirement spending?

<snip...> Our spending in retirement is "higher" (by a fair degree) than our pre-retirement spending. The primary reason is travel and entertainment. Consider that pre-retirement most folks live below their means (so they can afford to retire one day). Once retired, folks may want to live "up to" t...
by Ron
Tue Mar 27, 2018 8:41 am
Forum: Investing - Theory, News & General
Topic: Grok's LMP-4: The 3-legged stool approach to retirement planning
Replies: 114
Views: 7474

Re: Grok's LMP-4: The 3-legged stool approach to retirement planning

I guess I plan a 2-legged approach. I wish I had a pension coming my way, but I don't. Still I see no need for annuities. That's inteesting. As per my post i am not a huge fan of buying individual annuities at an early age, ie at 65. But i think they can play a useful role later in retirement, say ...
by Ron
Mon Mar 26, 2018 8:45 am
Forum: Investing - Theory, News & General
Topic: How old were you when you started spending your “principal”?
Replies: 90
Views: 8032

Re: How old were you when you started spending your “principal”?

I'll be retired 11 years come May. I have yet to exceed the amount of savings/investments that I had on day one of retirement. I guess that means that I started spending principal at age 59. Of course, I retired a bit earlier than some without any retirement income other than my investments and have...
by Ron
Sat Mar 24, 2018 11:03 am
Forum: Personal Consumer Issues
Topic: Drink package on Royal Caribbean, worth it?
Replies: 73
Views: 6598

Re: Drink package on Royal Caribbean, worth it?

If they didn't make money on the package, they would not offer it. Sounds like a food/restaurant deal I had decades ago when I took the family to Disney World. Wound up making early morning reservations for lunch/dinner every day to ensure we could get into the most expensive restaurants in order to...
by Ron
Fri Mar 23, 2018 3:43 pm
Forum: Personal Finance (Not Investing)
Topic: Losing friends/family when wealthy
Replies: 118
Views: 10180

Re: Losing friends/family when wealthy

I wouldn't worry about it.

If you have enough money, you can buy your own friends and family :mrgreen: ...

- Ron
by Ron
Fri Mar 23, 2018 3:40 pm
Forum: Personal Finance (Not Investing)
Topic: What is the sentence for laminating a Medicare Card?
Replies: 20
Views: 3068

Re: What is the sentence for laminating a Medicare Card?

<snip...> It'll be interesting to see how smoothly the new cards initially work with providers. I'm hoping that mine is not one of the earlier ones issued. I don't foresee a problem. Medicare is already using alternative numbers for claims submittal; my wife's Medicare card has my number on it, sin...
by Ron
Fri Mar 23, 2018 2:23 pm
Forum: Personal Finance (Not Investing)
Topic: What Budget? Do you keep one?
Replies: 116
Views: 7068

Re: What Budget? Do you keep one?

"We can go from spending roughly $75K to $200K per year. And the weird thing is we really don't feel the difference in quality of life, and are just shocked looking at that wide range." If the OP doesn't feel an impact in such a wide variation in spending, I would say h/she has more than enough fin...
by Ron
Wed Mar 21, 2018 2:52 pm
Forum: Personal Finance (Not Investing)
Topic: Transition to part time or take time off each summer
Replies: 8
Views: 816

Re: Transition to part time or take time off each summer

<snip...> He went from about 45 hours worked to about 45 hours worked. (yes, the numbers are right) Between "must attend" meetings and projects that needed to be completed on time, he wasn't able to go to 32 hours of actual working. The company atmosphere was not such that he could pick up and go a...
by Ron
Sun Mar 18, 2018 12:43 pm
Forum: Personal Consumer Issues
Topic: Tires on a 15 year old car....Replace or not?
Replies: 79
Views: 5111

Re: Tires on a 15 year old car....Replace or not?

If you have radial tires, rotation recommendations are different than in the "olden days" with bias ply tires. With radials you should keep the tires on the same side of the car, moving front to back only. The 5-tire rotation where the spare is included is no longer recommended. This leaves the spa...
by Ron
Sun Mar 18, 2018 12:28 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Question - NJ vs PA + DC vs NY vs PA
Replies: 7
Views: 429

Re: Tax Question - NJ vs PA + DC vs NY vs PA

Keep in mind that you can deduct 401k contributions in NJ, however in PA they are fully taxable in the year of contribution.

OTOH, if you retire in PA, you don't pay state tax on 401k/IRA withdrawls.

- Ron
by Ron
Fri Mar 16, 2018 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: Those with high savings rate: why?
Replies: 187
Views: 18679

Re: Those with high savings rate: why?

1. In order to retire early (did so at age 59; not early according to many, but earlier than I originally planned in my early years). 2. To leave a substantial estate for my/our disabled son, with the understanding that at least 50% will be lost to investment/lawyer's fees to manage the trust over t...
by Ron
Fri Mar 16, 2018 1:03 pm
Forum: Personal Consumer Issues
Topic: Should I join Mensa?
Replies: 39
Views: 1965

Re: Should I join Mensa?

If you join Mensa you cannot ask anymore questions on this forum; you can only answer them.

(You already know it all :mrgreen: )...

- Ron
by Ron
Thu Mar 15, 2018 12:58 pm
Forum: Personal Consumer Issues
Topic: How to buy a safe "power bank" to replace my recalled AmazonBasics unit?
Replies: 56
Views: 3691

Re: How to buy a safe "power bank" to replace my recalled AmazonBasics unit?

Anker is highly rated. I think you have to take the risk that any electronic device could have issues. Almost all devices have some 1 star reviews. +1 Anker.. I travel a lot for work, all my power bank / wall plugs / cords are Anker brand and have worked flawlessly... and very solid pricing +2 for ...
by Ron
Thu Mar 15, 2018 8:26 am
Forum: Personal Consumer Issues
Topic: Tires on a 15 year old car....Replace or not?
Replies: 79
Views: 5111

Re: Tires on a 15 year old car....Replace or not?

FWIW, I replaced the original tires on my '02 Mustang GT vert last spring at the 15 year mark with only 22K on the car/tires (and I drive like an old man - because I am :annoyed ). While I don't drive the car that often and it's always kept in a garage (out of the sun/weather), I just felt that I wa...
by Ron
Mon Mar 12, 2018 5:53 pm
Forum: Personal Finance (Not Investing)
Topic: Anybody use Lemonade Homeowner's Insurance?
Replies: 22
Views: 1935

Re: Anybody use Lemonade Homeowner's Insurance?

I would have some concerns on their longevity, their ability to handle a significant catastrophic loss (think hurricane, wile fire, etc), and how well they would goto bat for you in a legal proceeding. This is enough to make me wary. If they lose their first year then they go bankrupt and tell peop...
by Ron
Sun Mar 11, 2018 10:20 am
Forum: Investing - Help with Personal Investments
Topic: Can I take an 85+% pay cut for fun?
Replies: 80
Views: 9076

Re: Can I take an 85+% pay cut for fun?

mouses wrote:
Sun Mar 11, 2018 9:30 am
<snip...> The web turns up no information about a Sara Demerest. My imagination says HongKonger is making a generalization perhaps from one wife married to a scum bucket to all wives.
Here's a clue; a character in the original Airport flick 8-) ...

- Ron
by Ron
Sun Mar 11, 2018 10:15 am
Forum: Investing - Help with Personal Investments
Topic: Should I Take MY RMD Now Or Wait Until Later In The Year?
Replies: 20
Views: 1614

Re: Should I Take MY RMD Now Or Wait Until Later In The Year?

This is the first year for RMD's for my wife/me. Since we did well with our tax-deferred investments last year, we decided to "harvest" our gains and satisfy our respective RMD's on January 2nd. Half the RMD was used to pay taxes on the withdrawal, along with the forecast FIT due on our income for t...
by Ron
Sat Mar 10, 2018 5:26 pm
Forum: Investing - Help with Personal Investments
Topic: Can I take an 85+% pay cut for fun?
Replies: 80
Views: 9076

Re: Can I take an 85+% pay cut for fun?

HongKonger wrote:
Sat Mar 10, 2018 3:31 pm
mouses wrote:
Sat Mar 10, 2018 2:56 pm
HongKonger wrote:
Sat Mar 10, 2018 6:40 am
Pilots wives become neurotic and riddled with jealousy - it takes a very special female to not go that route.
Why on earth would that happen?
Use your imagination.
Sometimes the wife faces the situation that Sara Demerest did :wink: ...

- Ron
by Ron
Fri Mar 09, 2018 6:50 pm
Forum: Personal Consumer Issues
Topic: Whole House Natural Gas Generator
Replies: 110
Views: 6553

Re: Whole House Natural Gas Generator

I would think in 10 to 15 years the most common backup would be batteries. No fuel needed and more can be added as needed. I would bet in 10years they will be cheap enough to get 50 or 100 kWh or more. I doubt it will take anywhere near that long. According to today's Boston Globe, solar installer ...
by Ron
Fri Mar 09, 2018 1:07 pm
Forum: Personal Finance (Not Investing)
Topic: BH's that are retired & mortgage free
Replies: 21
Views: 3043

Re: BH's that are retired & mortgage free

It seems that many people here want savings well into the 7 figures, and hey, I'd like that too, however, is it really "needed" when so many people "survive" off SS + low/modest savings. We don't want to just "survive" in retirement. I (along with my wife) want to live our retirement lives as we wi...
by Ron
Wed Mar 07, 2018 11:17 am
Forum: Personal Consumer Issues
Topic: Whole House Natural Gas Generator
Replies: 110
Views: 6553

Re: Whole House Natural Gas Generator

I believe that Ron's really needs/wants the load shedding capability due to his 2 two large HVAC units and two large cooking devices. Nope; only one heat pump. I mentioned that the switch has the capability to manage two, without any additional modules. There is no intention to add another heat pum...
by Ron
Wed Mar 07, 2018 8:53 am
Forum: Personal Consumer Issues
Topic: Whole House Natural Gas Generator
Replies: 110
Views: 6553

Re: Whole House Natural Gas Generator

When you say 83 amp genset are your referring to 83 amps by 240 volts? Rated voltage output on the genset is 240 volts. 83.3 amps is the spec output and it has a 90 amp circuit breaker. Genset spec sheet: http://kt4qw.com/generator/generac20kw.pdf When you say a 200 amp home are you referring to a ...
by Ron
Tue Mar 06, 2018 7:53 pm
Forum: Personal Consumer Issues
Topic: Whole House Natural Gas Generator
Replies: 110
Views: 6553

Re: Whole House Natural Gas Generator

I'd have to have an electrician properly size the unit to our home. I've done initial requirements but it would be good to have a double check. Our home is 3 stories and about 5000 sf. Plus barn, well, 3 separate HVAC systems, etc, so perhaps it needs a higher capacity generator system. Did your el...
by Ron
Tue Mar 06, 2018 3:05 pm
Forum: Personal Consumer Issues
Topic: Whole House Natural Gas Generator
Replies: 110
Views: 6553

Re: Whole House Natural Gas Generator

Gosh. Thanks Ron. This is great stuff. Not to hijack the thread but I think all of this is relevant for future readers to lean the thought process and logistics. 1 Why does it need so much oil? 2 Do you have to have maintenance folks check this thing annually or such or is it as trouble free as a h...
by Ron
Tue Mar 06, 2018 11:36 am
Forum: Personal Consumer Issues
Topic: Whole House Natural Gas Generator
Replies: 110
Views: 6553

Re: Whole House Natural Gas Generator

Is the "automatic testing" something you have to do or happens all by itself? Technically, it happens by itself. You set up the day of the week and the time via the gen-set's control panel and it starts/runs/shutdowns by itself, usually running about 10 minutes at low speed in order to check out th...
by Ron
Tue Mar 06, 2018 11:11 am
Forum: Personal Consumer Issues
Topic: Whole House Natural Gas Generator
Replies: 110
Views: 6553

Re: Whole House Natural Gas Generator

<Snip...>And we rarely get power failures since our underground power lines were replaced several years ago. Folks often cite underground supply lines as taking care of things, but they really don't. Unless you have underground utilities from the source (e.g. the electric sub-station), you can stil...
by Ron
Mon Mar 05, 2018 7:16 pm
Forum: Investing - Theory, News & General
Topic: Reuters-" Special Report: Fidelity puts 6 million savers on risky path to retirement"
Replies: 48
Views: 6557

Re: Reuters-" Special Report: Fidelity puts 6 million savers on risky path to retirement"

gmaynardkrebs wrote:
Mon Mar 05, 2018 5:12 pm
Just the latest reason why there is no Fidelityheads forum.
Sure there is - just not by that name: http://socialize.morningstar.com/NewSoc ... 00026.aspx

- Ron
by Ron
Sun Mar 04, 2018 5:09 pm
Forum: Personal Consumer Issues
Topic: Whole House Natural Gas Generator
Replies: 110
Views: 6553

Re: Whole House Natural Gas Generator

Isn't the coverage time dependent on the size of the propane tank? Yes, that's how I selected the size of the propane tank. 1000 gal would have been a bit much; 200 gal would have been too little. What size propane tank do you have? 500 gal (either 400/450 gals in a full tank, accounting for 80 or ...