Search found 6234 matches

by Ron
Thu Jul 12, 2018 3:05 am
Forum: Personal Consumer Issues
Topic: Living above means until March 1st
Replies: 16
Views: 2060

Re: Living above means until March 1st

I retired at age 59. My expenses exceeded my income for just over 11 years, until this year when I began my age 70 SS.

That's what savings are for...

- Ron
by Ron
Thu Jul 05, 2018 9:29 am
Forum: Investing - Theory, News & General
Topic: SS taken at 62 vs. 70, but measured from 70+
Replies: 189
Views: 11025

Re: SS taken at 62 vs. 70, but measured from 70+

I believe that every person who is currently drawing their own SS (not spousal) is sure what they did is the "perfect" plan :mrgreen: ... As for myself/wife? We are currently drawing our own age-70 SS, starting this year. My wife has been receiving a spousal benefit over the last four years, with a ...
by Ron
Tue Jul 03, 2018 10:10 pm
Forum: Investing - Help with Personal Investments
Topic: Annuities in IRA retirement portfolio?
Replies: 11
Views: 709

Re: Annuities in IRA retirement portfolio?

Give this a read: http://www.philly.com/philly/business/Fixed_Index_Annuities_Magical_or_Unsuitable.html Pay attention to the following, as quoted from the article: "What is important to understand, he said, is that his product is safer than stocks and can earn bigger returns. At the Springfield Cou...
by Ron
Sun Jul 01, 2018 12:22 pm
Forum: Personal Consumer Issues
Topic: Whole House Generator
Replies: 18
Views: 1673

Re: Whole House Generator

Needs oil and filter change every couple years. Otherwise maintenance free. Not sure I agree with this nor would the manufacturer. Oil and filter change frequency should be shorter and be based upon hours of use. Does yours run each week to charge the batt? Even if you have no extended outages, I'd...
by Ron
Sun Jul 01, 2018 7:50 am
Forum: Personal Consumer Issues
Topic: Whole House Generator
Replies: 18
Views: 1673

Re: Whole House Generator

Generac engines are made by Generac Power Systems, a manufacturing company with facilities in Eagle and Whitewater, Wisconsin.
by Ron
Fri Jun 29, 2018 11:40 am
Forum: Investing - Theory, News & General
Topic: What is your one favorite Fidelity Fund??
Replies: 58
Views: 4467

Re: What is your one favorite Fidelity Fund??

Fidelity® Extended Market Index Fund Premium Class (FSEVX).

Since you asked...

- Ron
by Ron
Wed Jun 27, 2018 6:59 pm
Forum: Personal Consumer Issues
Topic: those with whole home generators: who installed it?
Replies: 28
Views: 1839

Re: those with whole home generators: who installed it?

I wonder how long a propane generator will run before it runs out of fuel? No idea but when you mentioned a two week outage, it got me thinking. According to Generac a 22 kilowatt generator would burn approximately 2.1 gallons per hour at ½ load and 3.6 g.p.h. at full load. The 22 kw genset is the ...
by Ron
Tue Jun 26, 2018 10:04 pm
Forum: Personal Consumer Issues
Topic: those with whole home generators: who installed it?
Replies: 28
Views: 1839

Re: those with whole home generators: who installed it?

We had our Generac 20 kw unit purchased/installed just over five years ago by the same HVAC folks who installed/maintain our heat pump. They sell/install/maintain both Generac & Kohler gensets, and their maintenance folks have been factory trained in both brands. FWIW, the unit has worked flawlessly...
by Ron
Mon Jun 25, 2018 7:21 am
Forum: Personal Finance (Not Investing)
Topic: Medicare HSA to HRA
Replies: 10
Views: 600

Re: Medicare HSA to HRA

That is partially correct, according to my readings on the subject. You cannot have a HSA (for a high-deductible plan) and have Medicare at the same time, however according to the below reference you can use remaining funds and withdraw money from your HSA after you enroll in Medicare to help pay fo...
by Ron
Fri Jun 22, 2018 12:05 pm
Forum: Personal Finance (Not Investing)
Topic: What do we mean when we say "HCOL vs LCOL" location?
Replies: 34
Views: 2355

Re: What do we mean when we say "HCOL vs LCOL" location?

Also to be considered is what you get for your "cost". Living in Manhattan the need for a car is zero, saving thousands of dollars a year. Kind of like living in Hawaii; there you probably can get by without heating and A/C (not so in Manhattan), thus saving a lot of green :mrgreen: ... BTW, I live...
by Ron
Fri Jun 22, 2018 11:42 am
Forum: Investing - Help with Personal Investments
Topic: Income Annuities
Replies: 20
Views: 1148

Re: Income Annuities

Vanguard and presumably Fidelity and other brokerages typically just pass it through to an insurance company. Vanguard brochure jimb Exactly; here's FIDO's offerings/insurance companies used: https://www.fidelity.com/annuities/immediate-fixed-income-annuities/compare BTW, I'm the owner of an SPIA (...
by Ron
Thu Jun 21, 2018 8:12 am
Forum: Personal Consumer Issues
Topic: Buy new truck before retiring?
Replies: 53
Views: 2896

Re: Buy new truck before retiring?

Retiring doesn't mean that you stop buying the necessities of life (and for some of us, a vehicle is required). Since I've been retired (11 years, thus far) I've purchased two vehicles; one CPO SUV (2005 model) a year after I retired in 2007 and a new SUV in 2015 to replace it after the CPO turned 1...
by Ron
Tue Jun 19, 2018 1:27 pm
Forum: Personal Consumer Issues
Topic: gray hair
Replies: 130
Views: 8436

Re: gray hair

I earned my grey/white hair by a lifetime of experiences (I'm 70 :mrgreen: ); I'm not giving up a current look that took me a lifetime to achieve :beer ...

- Ron
by Ron
Mon Jun 18, 2018 10:21 am
Forum: Personal Finance (Not Investing)
Topic: Social Security advice needed
Replies: 28
Views: 2052

Re: Social Security advice needed

<snip...> If someone is also subject to RMDs at age 70.5 that might provide additional incentive to take SSA benefits earlier since other income can impact the amount of SSA that is subject to income tax. OTOH, drawing down tax deferred funds (TIRA/T401K) before age 70.5 and delaying SS not only gi...
by Ron
Mon Jun 11, 2018 1:45 pm
Forum: Personal Consumer Issues
Topic: How do you celebrate (potty trained kid) milestone with your spouse?
Replies: 93
Views: 5002

Re: How do you celebrate (potty trained kid) milestone with your spouse?

chevca wrote:
Mon Jun 11, 2018 1:21 pm
Celebrate potty training?? Wow! :shock:
Sounds like another Hallmark Holiday :twisted: ...

- Ron
by Ron
Mon Jun 11, 2018 10:19 am
Forum: Investing - Help with Personal Investments
Topic: What are you doing with cash?
Replies: 82
Views: 9994

Re: What are you doing with cash?

When you guys use Vanguard Money Market, do you write checks and use this account as a regular bank account? Isn't this a bit more dangerous because the routing/account number is more exposed and mutual fund money market doesn't have a bank protection? Enlighten me. I do this with my taxable FIDO M...
by Ron
Sun Jun 10, 2018 7:57 am
Forum: Personal Consumer Issues
Topic: Paint shutters or remove
Replies: 7
Views: 748

Re: Paint shutters or remove

Our (plastic/vinyl) forest green shutters which were on the house since we had it built two decades ago had sun fade. We had our painters look at them when they were out to do some other outside painting and they recommended just to have them replaced. They could repaint them, but they doubted if th...
by Ron
Sat Jun 09, 2018 10:08 pm
Forum: Investing - Theory, News & General
Topic: Fidelity retirement planner accurate ?
Replies: 12
Views: 1852

Re: Fidelity retirement planner accurate ?

After logging on to FIDO, go to:

https://myguidance.fidelity.com/ftgw/gu ... o?route=HM

to see the methodology, FAQ's, etc.

- Ron
by Ron
Sat Jun 09, 2018 4:06 pm
Forum: Personal Finance (Not Investing)
Topic: Are you including SS in your planning model? Are the benefits really that high?
Replies: 148
Views: 11662

Re: Are you including SS in your planning model? Are the benefits really that high?

Now I could buy a bright red convertible car to look like a silly geezer. Maybe the car is not necessary? I purchased my red convertible (Mustang GT) 16 years ago, before I started collecting SS and became a geezer. Now I'm just a geezer collecting SS, sitting in my driveway with the top down, and ...
by Ron
Sat Jun 09, 2018 9:52 am
Forum: Personal Finance (Not Investing)
Topic: Are you including SS in your planning model? Are the benefits really that high?
Replies: 148
Views: 11662

Re: Are you including SS in your planning model? Are the benefits really that high?

Wait until somebody pipes in and says "$40K won't pay for even one of our Viking River cruises!" "NO, SS benefits are NOT high at all when we are planning to have $400K income in retirement." Actually, we're doing two Viking cruises this year (1-Ocean, 1-River) for much less than $40k total, which ...
by Ron
Fri Jun 08, 2018 9:51 am
Forum: Personal Consumer Issues
Topic: Death - Prediction
Replies: 63
Views: 3957

Re: Death - Prediction

My personal hope is that I die one day after my disabled son, who is expected to have a normal lifespan.

Without family/friends, all the money in the world will not protect him after I/his mother are gone. As the saying goes, "life sucks, and then you die".

Reality is brutal, sometimes.

- Ron
by Ron
Thu Jun 07, 2018 3:43 pm
Forum: Personal Finance (Not Investing)
Topic: navigating VA survivor pension benefits?
Replies: 2
Views: 214

Re: navigating VA survivor pension benefits?

The program is known as "Aid and Attendance" and is a supplement to an existing military pension. The first thing you need to do is to establish if a pension existed at any time and then make an application based upon the information of that pension. Your local county VA office can probably help you...
by Ron
Thu Jun 07, 2018 2:07 pm
Forum: Personal Finance (Not Investing)
Topic: How much to budget for a week long vacation for 2?
Replies: 79
Views: 4464

Re: How much to budget for a week long vacation for 2?

On average, $15-20k per trip, which usually lasts 10-12 days - a bit more than a week. For instance, we're booked on a Viking Ocean cruise next month, in addition to a Viking River cruise in November. We take a ex-CONUS trip every year, and every few years we double up, as we are doing this year. Th...
by Ron
Thu Jun 07, 2018 7:31 am
Forum: Investing - Help with Personal Investments
Topic: Fixed Income investments too conservative?
Replies: 59
Views: 3852

Re: Fixed Income investments too conservative?

If you already have enough $$ for retirement & still have $$ for heirs, why take on more risk trying to get a higher ROI? If one intends to leave a bequest, the investment horizon can be thought of in terms of the heirs' lifetimes. This would suggest a more aggressive asset allocation strategy. Exa...
by Ron
Wed Jun 06, 2018 2:23 pm
Forum: Investing - Theory, News & General
Topic: WSJ:Social Security Expected to Dip Into Its Reserves This Year
Replies: 61
Views: 3243

Re: Social Security crossover point has arrived

Exactly what I was going to ask. Why should younger generations pick up the tab when the older generations failed to elect politicians who didn't have the guts to tick up SS collection by a few tenths of a percent or remove the cap many years ago to avoid this problem in the first place? The entitl...
by Ron
Wed Jun 06, 2018 8:13 am
Forum: Investing - Theory, News & General
Topic: WSJ:Social Security Expected to Dip Into Its Reserves This Year
Replies: 61
Views: 3243

Re: Social Security crossover point has arrived

"How are you dealing with this news (even if it's old hat to you)?"

Save more, panic less...

- Ron
by Ron
Tue Jun 05, 2018 2:42 pm
Forum: Personal Consumer Issues
Topic: New Medicare card
Replies: 28
Views: 1794

Re: New Medicare card

At least it's smaller and easily fits in a CC pocket in my wallet :mrgreen: ...

- Ron
by Ron
Mon Jun 04, 2018 7:48 am
Forum: Investing - Theory, News & General
Topic: Best case to convert a Bogle skeptic?
Replies: 56
Views: 4981

Re: Best case to convert a Bogle skeptic?

This is probably a fool’s errand, but have others had success convincing highly skeptical family members that the legacy advising model is a waste of significant money? Are you concerned about the fees or the fact that they will influence a possible future inheritance for you the basis of the conce...
by Ron
Sun Jun 03, 2018 9:34 pm
Forum: Personal Finance (Not Investing)
Topic: Can a Retired 60 yo MD, MBA Start a Law Career?
Replies: 276
Views: 13981

Re: Can a Retired 60 yo MD, MBA Start a Law Career?

Here's a firm that may consider you once you get your JD :mrgreen:

https://www.klinespecter.com/dr-lawyers.html

- Ron
by Ron
Sun Jun 03, 2018 10:28 am
Forum: Personal Consumer Issues
Topic: Men's Health on Medicare
Replies: 19
Views: 1896

Re: Men's Health on Medicare

It is fact that most North American men die WITH Prostate cancer and not OF it. No, I don't think that statement is correct. Unless an autopsy is done of every man who dies (usually not, unless death is questionable) there is no known fact/stats of how many men actually die with the condition. Howe...
by Ron
Fri Jun 01, 2018 9:52 am
Forum: Personal Finance (Not Investing)
Topic: Do you have a monthly household budget?
Replies: 63
Views: 4112

Re: Do you have a monthly household budget?

Yes, always have - and probably always will. Starting out together, in the late '60's, my wife/me were part of the working poor. Today? Both age 70, both retired, and doing quite well financially (TYVM), we each still have a budget for our income/expenses. Heck, I still use the "envelope method" my ...
by Ron
Tue May 29, 2018 6:02 pm
Forum: Personal Consumer Issues
Topic: New roof - does this ridge vent look right?
Replies: 40
Views: 3613

Re: New roof - does this ridge vent look right?

This looks like a GAF Snow Country ridge vent, that is a bit thicker than the normal height ridge vents used by many roofing companies. Example: https://tse3.mm.bing.net/th?id=OIP.AAsdvXsZ1rqx3Nu3KKhIYgHaCq&pid=15.1&P=0&w=453&h=164 Our development had most roofs replaced less than 10 years ago, due ...
by Ron
Tue May 29, 2018 2:38 pm
Forum: Personal Consumer Issues
Topic: Cruise ships for multi-generational family
Replies: 61
Views: 3261

Re: Cruise ships for multi-generational family

Viking has new cruise ships and several new routes. We did a river cruise with them and quite enjoyed it, so I'm researching them. They have smaller ships than the other mass cruise lines. For 7 days you can visit Cuba: https://www.vikingcruises.com/oceans/cruise-destinations/caribbean-americas/cul...
by Ron
Tue May 29, 2018 9:25 am
Forum: Investing - Help with Personal Investments
Topic: Does anticipated SS alter today’s allocation?
Replies: 20
Views: 1882

Re: Does anticipated SS alter today’s allocation?

I'm 68 and 21 months from maximal SS at 70. So, having survived the first five years of retirement in fine shape. I'm now letting my AA drift upward from 50/50 to around 60/40. After age 70, portfolio withdrawals for expenses will be mostly not needed... Same situation here, except that my wife/me ...
by Ron
Mon May 28, 2018 8:30 am
Forum: Personal Finance (Not Investing)
Topic: Purchase SPIA through Vanguard?
Replies: 18
Views: 1769

Re: Purchase SPIA through Vanguard?

Second, has anyone compared rates of other SPIA providers with Vanguard and have an outlet that gives better pricing than Vanguard? Yes. At the time of purchase of an SPIA when I retired (age 59, 11 years ago), I compared the rates/payment options using www.immediateannuities.com , along with offer...
by Ron
Fri May 18, 2018 8:26 am
Forum: Personal Consumer Issues
Topic: Locking a tote bag?
Replies: 11
Views: 622

Re: Locking a tote bag?

If you have a zipper, you have no security; all you need is a ballpoint pen to open it:

https://snapguide.com/guides/open-a-loc ... point-pen/

- Ron
by Ron
Wed May 16, 2018 9:51 am
Forum: Personal Finance (Not Investing)
Topic: Do I tell Social Security I retired?
Replies: 32
Views: 4116

Re: Do I tell Social Security I retired?

Since once upon a time SS benefits were tax free at the Federal level, I think it may be short-sighted to consider 85% of benefits being taxable to be a discount, compliments of Congress... It's part of putting lipstick on a pig; you try to make any situation look better than it actually is :mrgree...
by Ron
Wed May 16, 2018 9:40 am
Forum: Personal Finance (Not Investing)
Topic: Do I tell Social Security I retired?
Replies: 32
Views: 4116

Re: Do I tell Social Security I retired?

My wife and I start receiving benefits this year, and like Wizard will have 85% of SS subject to federal taxation, which will continue for the foreseeable future. Many see that as a negative, I see it as a 15% discount. There are also those who can't see the forest for the trees, concentrating on f...
by Ron
Wed May 16, 2018 7:58 am
Forum: Personal Consumer Issues
Topic: New motorcycle rider
Replies: 106
Views: 4975

Re: New motorcycle rider

I'll add my comment of been there, done that, don't do that anymore. I started with my first bike at age 19 and progressed through three rice burners. I could not afford a Harley; and anyway, that was back in the days that AMF owned the brand. It was hard to justify purchase of a bike made by a bowl...
by Ron
Sun May 13, 2018 4:59 pm
Forum: Personal Consumer Issues
Topic: Why did Capital One 360 say my cell phone couldn't be verified?
Replies: 9
Views: 1061

Re: Why did Capital One 360 say my cell phone couldn't be verified?

Only bad people use burner phones - or so they portray in police series on TV! :mrgreen: :mrgreen: :mrgreen:

- Ron
by Ron
Sun May 13, 2018 10:34 am
Forum: Personal Consumer Issues
Topic: Subaru Crosstrek vs Outback
Replies: 32
Views: 2534

Re: Subaru Crosstrek vs Outback

It may be too large for you today, but you might want to look at their new offering this summer - the Subaru Ascent, in case you may need additional room in the future:

https://en.wikipedia.org/wiki/Subaru_Ascent

- Ron
by Ron
Sun May 13, 2018 7:02 am
Forum: Personal Finance (Not Investing)
Topic: Applying for Social Security Online
Replies: 29
Views: 2947

Re: Applying for Social Security Online

I will. He said I would be getting a letter on June 30th. My birthday is July 2nd. Weird. I turned 70 this past January. I didn't receive my benefit letter from SSA until January 31 for my first scheduled deposit less than two weeks later, in February. My wife turns 70 this month (May); she didn't ...
by Ron
Sat May 12, 2018 8:20 am
Forum: Investing - Theory, News & General
Topic: Withdrawal Rates – Part 24: Flexibility Myths vs. Reality
Replies: 98
Views: 10754

Re: Withdrawal Rates – Part 24: Flexibility Myths vs. Reality

In Taylor's case, that $1M was worth (adjusting for inflation) $2,582,948.45 today, in addition to a pension and retirement benefits at the time of retirement. I would say that he certainly has/had more flexibility than most in his withdrawals over the years, when compared to today's retiree who is ...
by Ron
Fri May 11, 2018 4:21 pm
Forum: Personal Consumer Issues
Topic: Locking Automatic Pill Dispensers
Replies: 4
Views: 521

Re: Locking Automatic Pill Dispensers

This is what we use for our disabled son, who lives in his own apartment: https://www.medminder.com/ While we use the unlocked box (Maya), you can get a lockable box that only unlocks on the day/times required. It certainly has worked out well, in our case. We get notified (text/phone/email - depend...
by Ron
Fri May 11, 2018 4:01 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with cash remnants in retirement accounts?
Replies: 7
Views: 987

Re: What to do with cash remnants in retirement accounts?

Just a side note on "cash remnants" in accounts. I received a notice from my CU about an account that must be tapped for RMD's, starting this year. The IRA account was opened many decades ago, but it was little used once I started investing in mutual funds. The current account balance? $.80. The cal...
by Ron
Mon May 07, 2018 9:38 am
Forum: Investing - Theory, News & General
Topic: What Percentage CASH are you?
Replies: 168
Views: 17658

Re: What Percentage CASH are you?

When I retired in early 2007 at age 59, my wife/me held ~20% of our portfolio in cash. That represented 4 years in budgeted expenses (included taxes due on withdrawals). Good thing we did, considering what happened in 2008-09. Today, with both of us at age 70 and firing on all cylinders (e.g. all ou...
by Ron
Mon May 07, 2018 9:00 am
Forum: Investing - Help with Personal Investments
Topic: Factors Suggesting One Should Buy SPIA
Replies: 90
Views: 6985

Re: Factors Suggesting One Should Buy SPIA

My biggest reason for not planning on using an annuity is a strong pension starting at 55 which, with SS later in life, should cover most expenses. These monthly checks will cover everyday expenses, with 401k and other savings serving to pay for all the good things in retirement. And I purchased an...
by Ron
Sun May 06, 2018 9:43 pm
Forum: Personal Consumer Issues
Topic: Warning: avoid Windows 10 update 1803
Replies: 91
Views: 9932

Re: Warning: avoid Windows 10 update 1803

Updated today; no problems with update nor any program problems found.

- Ron
by Ron
Sat Apr 28, 2018 4:14 pm
Forum: Investing - Help with Personal Investments
Topic: Automatic scheduled withdrawals from Vanguard Money Market?
Replies: 1
Views: 362

Re: Automatic scheduled withdrawals from Vanguard Money Market?

https://personal.vanguard.com/us/literature/search?searchInput=DS01&search_mode=true My wife gets a "paycheck" on the 25th of the month, transferring a set amount from her VG IRA MM account to both pay FIT on the withdrawal and the remainder to her bank account. It can be set up/modified on-line eas...