Search found 6253 matches

by Ron
Sun Aug 19, 2018 2:22 pm
Forum: Investing - Help with Personal Investments
Topic: Retirees: Timing your withdrawals
Replies: 27
Views: 1811

Re: Retirees: Timing your withdrawals

My wife/me are fortunate to have multiple sources of retirement income which cover all our budgeted expenses. We do not pay FIT on any of the monthly payments (SS, pensions, SPIA). In early January, we each take our calculated RMD's, using a portion of the withdrawals to pay our respective forecast ...
by Ron
Wed Aug 15, 2018 12:13 pm
Forum: Personal Consumer Issues
Topic: Travel delay: Can I *easily* get $60 back?
Replies: 37
Views: 2148

Re: Travel delay: Can I *easily* get $60 back?

https://www.condor.com/us/help-contact/contact/complaint.jsp http://www.thisismoney.co.uk/money/holidays/article-2271213/How-claim-EU-flight-delay-compensation-EC-261-2004.html The first link is to the Condor complaint form. There is an option for flights late over three hours. The second link is th...
by Ron
Mon Aug 13, 2018 4:04 pm
Forum: Personal Finance (Not Investing)
Topic: Applying for Social Security Online
Replies: 33
Views: 3421

Re: Applying for Social Security Online

<snip...>And if spouse is also applying for spousal benefits, do they have to wait till this application is approved first or can they also make an application simultaneously? (I suppose there is always the retroactive option.) I turned 66 (my FRA) in January, 2014. My wife turned 66 (her FRA) in M...
by Ron
Mon Aug 13, 2018 10:00 am
Forum: Investing - Help with Personal Investments
Topic: RMD's: take distributions vs selling
Replies: 35
Views: 2431

Re: RMD's: take distributions vs selling

Perhaps fungible is the wrong word... and I am unable to make a coherent argument. I will just say that it is the rare case, indeed, that somebody is forced to "sell low" in an IRA for RMD reasons. Since most folks keep far too many cash/equivalents, there are many options to keep the same (low val...
by Ron
Sun Aug 12, 2018 2:20 pm
Forum: Investing - Help with Personal Investments
Topic: RMD's: take distributions vs selling
Replies: 35
Views: 2431

Re: RMD's: take distributions vs selling

Who says you have to sell? Transfer in kind Or if you can't do that, then sell in IRA, no tax cost , take distribution and repurchase in taxable. Haven't sold low at all. I don't understand. Unless you have $$$ already in taxable to cover taxes due, you have to pay FIT (and possibly state/local inc...
by Ron
Sun Aug 12, 2018 1:50 pm
Forum: Investing - Help with Personal Investments
Topic: RMD's: take distributions vs selling
Replies: 35
Views: 2431

Re: RMD's: take distributions vs selling

For us, from a previous thread: "We took our respective RMD's this year (we're the same age) in January, by selling off holdings that did well in the market last year. This year (and going forward), there is no guarantee that we're going to have the gains to sell to satisfy next year's RMD's. Rather...
by Ron
Sat Aug 11, 2018 10:23 am
Forum: Personal Consumer Issues
Topic: Advice requested: making a HO claim for a roof/hail
Replies: 21
Views: 988

Re: Advice requested: making a HO claim for a roof/hail

We had our roof replaced around seven years ago due to a local hailstorm (we're in the Mid-Atlantic area). Dozens of folks around us had theirs replaced at the same time, due to the same reason. The folks that replaced the roof (and the gutters/downspouts, etc.) worked directly with my insurance com...
by Ron
Fri Aug 10, 2018 2:22 pm
Forum: Personal Finance (Not Investing)
Topic: SS 2019 COLA could be close to 3%
Replies: 26
Views: 2750

Re: SS 2019 COLA could be close to 3%

The August CPI figures were released today. The 3 month average CPI-W (June July August) is 246.429 . Thats 3.1 % greater then the same period last year and 2.8 % greater than the reference period last year ( Aug Sept Oct) which is used to determine the SS COLA. There are two months to go but the C...
by Ron
Fri Aug 10, 2018 1:40 pm
Forum: Personal Consumer Issues
Topic: Flight cancelled. Entitle to any compensation?
Replies: 39
Views: 6514

Re: Flight cancelled. Entitle to any compensation?

Just another story to add to the thread about what happened to us last month :mrgreen: ... My wife/me were to fly out of Bergen, Norway to Copenhagen, Denmark in order to get our hop back to Newark, via SAS. The feeder flight from Bergen was three hours late, and we took off from Bergen at the same ...
by Ron
Thu Aug 09, 2018 5:50 pm
Forum: Personal Finance (Not Investing)
Topic: SS benefit increase from one additional year past FRA delayed until 2019 -- Why?
Replies: 4
Views: 679

Re: SS benefit increase from one additional year past FRA delayed until 2019 -- Why?

Delayed Retirement Credit increases are effective: in January of the year following the year the increment months were earned... Ref: https://secure.ssa.gov/apps10/poms.nsf/lnx/0300615690 The exception being that if you delay SS until age 70, the previous months credits (from your FRA on) you will g...
by Ron
Wed Aug 08, 2018 9:25 am
Forum: Investing - Theory, News & General
Topic: If it were March, 2000, would you still allocate 50% to Stocks?
Replies: 94
Views: 4291

Re: If it were March, 2000, would you still allocate 50% to Stocks?

In March 2000, I was 52 years of age and had (along with my wife) ~90% equities. We were in the accumulation phase and both were employed. Our retirement investments were for the future, not the current time, which was covered by our respective paychecks. In our case, it worked out well. In the late...
by Ron
Sun Aug 05, 2018 7:38 am
Forum: Personal Consumer Issues
Topic: Headset for conference calls while mobile
Replies: 9
Views: 697

Re: Headset for conference calls while mobile

https://www.headphonesunboxed.com/best-bluetooth-headset-for-truckers/ Here's a site as a reference for headsets used by truck drivers, the guys/girls that are on the road 7/24. You can accept/reject calls using many of these headsets. They don't make calls, but for that you can simply use your phon...
by Ron
Sat Aug 04, 2018 10:43 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security--Reaching Age 70 with a Restricted Application
Replies: 7
Views: 803

Re: Social Security--Reaching Age 70 with a Restricted Application

Yes, that is the way it worked. She turned 66 in late May of 2014 and received her first spousal benefit in June of 2014. She turned 70 in late May of this year (2018) and received her first age 70 benefit in June of 2018 and all 48 months of DRC's were accounted for. Thank goodness for Quicken; I w...
by Ron
Sat Aug 04, 2018 11:39 am
Forum: Investing - Theory, News & General
Topic: Will dividend spending only portfolio last forever ?
Replies: 90
Views: 5687

Re: Will dividend spending only portfolio last forever ?

I would think someone with a pension and SS that covers all expenses could use the dividend/interest stategy. Meaning at the end of the year check how the portfolio grew. If you had 1 mil then end of 2018 it grew by 30k you could just take the 30k out for extra travel, spending ect. If the portfoli...
by Ron
Sat Aug 04, 2018 10:00 am
Forum: Personal Finance (Not Investing)
Topic: Social Security--Reaching Age 70 with a Restricted Application
Replies: 7
Views: 803

Re: Social Security--Reaching Age 70 with a Restricted Application

My wife filed (online) for her own benefit this past February (birthday in May) to start her own age-70 benefit after getting a spousal based upon my FRA record for the last four years. There was no problem at all. A few weeks after submitting her request, she received a call from SS concerning the ...
by Ron
Tue Jul 31, 2018 7:07 am
Forum: Investing - Help with Personal Investments
Topic: Stuck in Fidelity Loop
Replies: 5
Views: 1282

Re: Stuck in Fidelity Loop

https://en.wikipedia.org/wiki/401(k) It is indeed considered a pension plan. When I retired, my wife had to sign a document that acknowledged that I was doing a rollover to my IRA. No difference when she had to do a sign-off when I received the proceeds of my cash balance pension and added it to my ...
by Ron
Sat Jul 28, 2018 11:24 am
Forum: Investing - Help with Personal Investments
Topic: Retirees: how much cash?
Replies: 61
Views: 6357

Re: Retirees: how much cash?

When I retired in early 2007 at age 59, the only asset I could draw against was my portfolio, in which I held four years of cash in a tax-deferred MM account, which was just under 19% of my total portfolio at the time. I had no pension nor was I able to claim SS. SS was at least seven years away (at...
by Ron
Sat Jul 21, 2018 12:47 pm
Forum: Personal Finance (Not Investing)
Topic: Life Insurance Premiums on Credit Card
Replies: 12
Views: 906

Re: Life Insurance Premiums on Credit Card

I've had a term life policy with AAA for more than two decades and they have always accepted a CC for premium payment, be it monthly or annual (there's a slight discount for pre-paying annually).

FWIW, all my other insurance (car, home, etc.) accepts premium payments via CC.

- Ron
by Ron
Fri Jul 20, 2018 10:27 pm
Forum: Personal Finance (Not Investing)
Topic: BB&T banking
Replies: 6
Views: 739

Re: BB&T banking

https://www.bbt.com/sites/bbtcom/apps/olb/fee-schedule.page I only transfer into my BB&T checking from my Credit Union, so I don't get a charge. I do use their ATM to withdraw cash from my FIDO IMA account, but the $3 charge by BB&T is reimbursed; that's a function of FIDO, not BB&T. FWIW, - Ron
by Ron
Thu Jul 12, 2018 3:05 am
Forum: Personal Consumer Issues
Topic: Living above means until March 1st
Replies: 16
Views: 2159

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: 11655

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: 750

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: 1722

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: 1722

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: 4849

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: 1898

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: 1898

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: 624

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: 2418

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: 1203

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: 3023

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: 8629

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: 2097

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: 5230

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: 10322

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: 770

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: 1882

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: 11912

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: 11912

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: 4027

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: 217

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: 4566

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: 4023

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: 3327

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: 3327

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: 1876

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: 5060

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: 14362

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: 1945

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...