Search found 6222 matches

by Ron
Thu Jun 21, 2018 8:12 am
Forum: Personal Consumer Issues
Topic: Buy new truck before retiring?
Replies: 37
Views: 1452

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: 118
Views: 5976

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: 1917

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: 4732

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: 9705

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: 710

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: 1790

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: 11125

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: 11125

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: 3774

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: 196

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: 4262

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: 3706

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: 3037

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: 3037

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: 1696

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: 4843

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: 273
Views: 12446

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: 1823

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: 3929

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: 3563

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: 3173

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: 1855

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: 1711

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: 599

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: 4080

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: 4080

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: 4842

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: 1048

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: 2461

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: 19
Views: 1720

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: 10533

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: 503

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: 971

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: 17398

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: 6826

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: 9583

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: 349

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...
by Ron
Fri Apr 20, 2018 3:45 pm
Forum: Personal Finance (Not Investing)
Topic: Applying for Social Security Online
Replies: 19
Views: 1720

Re: Applying for Social Security Online

Speaking of which, the last agent I spoke with said that I would have to re-file once I turned 70 to receive my own benefit, which was apparently untrue in your case. No; it should be handled automatically as referenced in a previous posting of mine: https://www.bogleheads.org/forum/viewtopic.php?f...
by Ron
Fri Apr 20, 2018 11:09 am
Forum: Personal Finance (Not Investing)
Topic: Applying for Social Security Online
Replies: 19
Views: 1720

Re: Applying for Social Security Online

My wife's birthday is also in May, with the first payment due in June. However, her current on-line status shows "02/05/2018 Benefit Application Pending" (she applied on 2/5). I'm sure this is because her claim requires "special handling" in order to apply her 48 months of Delayed Retirement Credits...
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: 6284

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: 806

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: 21
Views: 3986

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: 3111

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: 8607

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: 592

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: 6819

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: 4620

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: 4620

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