Search found 6283 matches

by Ron
Wed Oct 17, 2018 7:56 am
Forum: Personal Finance (Not Investing)
Topic: Did you retire because you hit your number?
Replies: 52
Views: 3790

Re: Did you retire because you hit your number?

Two reasons:

1. I hit my number.
2. My work BS bucket hit the overflow mark.

That was at age 59. Today, eleven years later at age 70, I have to say it is probably was one of the best decisions I had made in my life.

- Ron
by Ron
Fri Oct 12, 2018 2:54 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security benefits up 2.8% in 2019
Replies: 19
Views: 2416

Re: Social Security benefits up 2.8% in 2019

Regardless of if the COLA covers your personal COL, it's still a couple of thousand $$$ extra income for wife/me; more than a few extra steak dinners (even after taxes and Part B increases) next year :happy :happy :happy

- Ron
by Ron
Mon Oct 08, 2018 9:41 am
Forum: Investing - Theory, News & General
Topic: Allan Roth doesn't like single premium annuities
Replies: 185
Views: 9254

Re: Alan Roth doesn't like single premium annuities

When people are set to retire they are sometimes given a choice between a lump sum and a pension (usually non COLA). The lump sum is usually several hundred thousand dollars. The advice on this forum is somewhat split some say take the lump and invest it and others say the pension. But it is a simi...
by Ron
Thu Oct 04, 2018 12:48 pm
Forum: Personal Consumer Issues
Topic: Black suit with dark brown shoes?
Replies: 59
Views: 3931

Re: Black suit with dark brown shoes?

I don't know about everyone else, but I couldn't tell you what shoes anyone has worn to the last formal events I have attended. I just don't spend time looking down at the floor. I would wear the dark brown shoes. Most guys probably don't care, but I would bet that more than a few females will :P ....
by Ron
Wed Oct 03, 2018 9:43 am
Forum: Personal Consumer Issues
Topic: My Experience in Buying a Burial Plot: The cost (in NJ)
Replies: 64
Views: 4329

Re: My Experience in Buying a Burial Plot: The cost (in NJ)

Meh, whatever my heirs inherit will cover the cost of the funeral and then some. Not going to have a burial plot, it seems rather dumb to assume you deserve to take up permanent space on the earth. Funerals are for the living, they can decide what to do with me. +1 I often tell my wife, just put me...
by Ron
Tue Oct 02, 2018 9:39 am
Forum: Personal Finance (Not Investing)
Topic: Medicare Advantage premiums continue to decline while plan choices and benefits increase in 2019
Replies: 17
Views: 1765

Re: Medicare Advantage premiums continue to decline while plan choices and benefits increase in 2019

FWIW, my son's Annual Notice of Changes for his Blue Journey Classic (PPO) shows the monthly premium going from $62 this year, to $65 in 2019.

All deductibles, out-of-pocket, and doctor's office visits copay's remain the same.

- Ron
by Ron
Sun Sep 23, 2018 12:42 pm
Forum: Investing - Help with Personal Investments
Topic: How do I allocate social security in retirement?
Replies: 19
Views: 1861

Re: How do I allocate social security in retirement?

I'm fortunate that in addition to my age-70 SS, I have two other retirement income streams that more than cover my budgeted net expenses each year. The only action I take with my IRA's is to cover the FIT due on those three sources of retirement retirement income, along with the FIT due on my TIRA R...
by Ron
Fri Sep 21, 2018 11:03 am
Forum: Personal Finance (Not Investing)
Topic: Delaying Social Security Until 70
Replies: 115
Views: 9376

Re: Delaying Social Security Until 70

Apparently the social security staff often give a recipient a lump sum representing half of a year of benefits and then calculate your retirement based on an age of 69.5 instead of 70. Make sure you tell them you do not want any retroactive lump sum. The source of my information is three years old,...
by Ron
Tue Sep 18, 2018 5:42 pm
Forum: Investing - Theory, News & General
Topic: Equity in house / Do you use it?
Replies: 56
Views: 3501

Re: Equity in house / Do you use it?

I paid off one note/mortgage on the house we own.

I don't want to pay for it a second time :D ...

- Ron
by Ron
Mon Sep 17, 2018 12:59 pm
Forum: Personal Finance (Not Investing)
Topic: Delaying Social Security Until 70
Replies: 115
Views: 9376

Re: Delaying Social Security Until 70

I am not sure how you arrived at a SS benifit of $43,524/yr @ 70 but perhaps check the source to make sure your calcs are correct. Seems doable for a relatively high lifetime earner. $43,524/yr @ 70 requires an age 66 FRA PIA of about $2,748 (2747.73 * 1.32 * 12 = 43524.04). Current maximum PIA per...
by Ron
Mon Sep 17, 2018 10:38 am
Forum: Personal Finance (Not Investing)
Topic: Dilemma: Add room to current house or buy new house?
Replies: 93
Views: 4822

Re: Dilemma: Add room to current house or buy new house?

In my neck of the woods (mid-Atlantic) below grade (finished or not), garages, and other normal non-living areas are not included in the house sq ft for tax nor sale purposes. While your local taxing/sales data may be different, what is the actual sq ft of your house if you remove all the non-climat...
by Ron
Mon Sep 17, 2018 10:13 am
Forum: Personal Finance (Not Investing)
Topic: Dilemma: Add room to current house or buy new house?
Replies: 93
Views: 4822

Re: Dilemma: Add room to current house or buy new house?

Many years ago, our then current home needed to be updated/expanded due to more than a few reasons. We had an architect look at what would have to be done in order to fulfill our desires, along with what the expected costs would be to make our home more livable to match our lifestyle. When looking a...
by Ron
Sun Sep 16, 2018 8:42 am
Forum: Personal Finance (Not Investing)
Topic: How did you decide when to retire?
Replies: 54
Views: 8233

Re: How did you decide when to retire?

I retired at the age of 59, 11 years ago. The company I retired from, after almost 30 years, eliminated their pension plan in the early 80's, replaced by a 401(k) and cash balance plan. The only retirement benefit I receive is an annual tax-free contribution to a HRA (Health Reimbursement Account) t...
by Ron
Sat Sep 15, 2018 2:04 pm
Forum: Personal Finance (Not Investing)
Topic: Delaying Social Security Until 70
Replies: 115
Views: 9376

Re: Delaying Social Security Until 70

"If you took benefits early, why did you do so?" We didn't. My wife/me both took our age-70 SS benefit this year, but I'll answer your question anyway, why we did it opposite of what most do. We were fortunate that we fell under the old rules that allowed us to do the file/suspend/restricted route,...
by Ron
Fri Sep 14, 2018 10:46 pm
Forum: Personal Consumer Issues
Topic: [Wearing] Shorts in Egypt
Replies: 71
Views: 5503

Re: [Wearing] Shorts in Egypt

The only time I wear short pants is either in Scotland (when I wear my kilt) or Germany (when I wear my lederhosen) :mrgreen: . Heck, years ago even in France (on business), I wore a camel trench coat and a food vendor at a train station asked me if I was from England or the US (the French tend to w...
by Ron
Tue Sep 11, 2018 3:52 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone else not save for cars?
Replies: 113
Views: 10256

Re: Anyone else not save for cars?

<snip...>I honestly don't know how it seems that (almost) everyone here can afford to max out 401K, IRAs, HSA, have 2 years EF, taxable, separate savings for cars, vacation, paying extra for mortgage, and never take a loan for anything. It just seems that everyone here have very large income. We're...
by Ron
Sun Sep 09, 2018 3:39 pm
Forum: Personal Consumer Issues
Topic: Pennsylvania Vehicle Registration Renewal - 2 year option
Replies: 42
Views: 5761

Re: Pennsylvania Vehicle Registration Renewal - 2 year option

If you drive in another state and the uninformed police offer spots your expired sticker, you might be pulled over and have to explain the sticker. How are police in other states going to know I have current registration if I don’t have a sticker or my sticker on my license plate is expired? "PennD...
by Ron
Sat Sep 08, 2018 3:56 pm
Forum: Personal Consumer Issues
Topic: Can Sneakers go with Business Casual?
Replies: 172
Views: 8508

Re: Can Sneakers go with Business Casual?

... (Personally I don't care what shoes someone is wearing, I don't see how it's related to competence). People don't know what's going on inside your head, or know your level of competence by seeing you. They will form strong initial judgments on how they see you presenting yourself. You may not g...
by Ron
Thu Sep 06, 2018 3:06 pm
Forum: Investing - Help with Personal Investments
Topic: Scaring the Old Folks
Replies: 71
Views: 8276

Re: Scaring the Old Folks

I have to agree on the contents of the article. My wife/me are 70 years "young" :mrgreen: , and are both retired. I retired in 2007 (11 years ago, at age 59) - she six years ago, at age 64. We do have the convertible. I purchased it new in 2002 and even though I don't drive it often (22k on the odom...
by Ron
Thu Sep 06, 2018 8:16 am
Forum: Personal Finance (Not Investing)
Topic: Time to look at SS [When should I take Social Security?]
Replies: 55
Views: 5057

Re: Time to look at SS [When should I take Social Security?]

smitcat wrote:
Thu Sep 06, 2018 7:48 am
<snip...> - not one that best fit someone else.
Yes, and that's the reason that we both waited until this year, at age 70, to claim our respective benefits :D ...

- Ron
by Ron
Sun Sep 02, 2018 8:00 am
Forum: Investing - Theory, News & General
Topic: Fidelity Full View transition to eMoney
Replies: 140
Views: 15447

Re: Fidelity Full View transition to eMoney

Any know how to export the Fidelity Full View transactions into Quicken? It seems you can export up to 500 transactions to an Excel CSV file but Quicken does not import that file format. You would probably have to purchase a commercial product to do the conversion, such as: https://www.propersoft.n...
by Ron
Sat Sep 01, 2018 12:23 pm
Forum: Personal Finance (Not Investing)
Topic: When did SSA notify you about your initial SS payment?
Replies: 12
Views: 1402

Re: When did SSA notify you about your initial SS payment?

I turned 70 in early January, this year. I didn't get notified by mail until early February; however by checking my on-line SS account, I saw the claim was approved near the end of January. I would have been scheduled to receive my first payment on the 2nd Wednesday of February, but I actually recei...
by Ron
Sat Sep 01, 2018 10:37 am
Forum: Investing - Theory, News & General
Topic: Fidelity Full View transition to eMoney
Replies: 140
Views: 15447

Re: Fidelity Full View transition to eMoney

As of this moment in time, it looks like they have it fixed/updated.

I was able to see all my FIDO/VG/bank accounts and all totals are correct. Additionally, I was able to run a retirement forecast via their planner.

FWIW,

- Ron
by Ron
Mon Aug 27, 2018 9:50 am
Forum: Personal Finance (Not Investing)
Topic: How do you calculate net worth with pensions?
Replies: 105
Views: 6732

Re: How do you calculate net worth with pensions?

I don't include my/wife's SS nor her two small pension payments or my VA disability payment as part of our current net worth. I do include the remaining value of our SPIA since it is for our calculated lifetime(s) until we both reach age 87, 17 years from now. If we both pass before that time, the r...
by Ron
Wed Aug 22, 2018 8:11 am
Forum: Personal Consumer Issues
Topic: I own 1,387 items!
Replies: 128
Views: 10508

Re: I own 1,387 items!

"He Who Has The Most Toys When He Dies Wins" :mrgreen:

- Ron
by Ron
Tue Aug 21, 2018 9:09 am
Forum: Personal Finance (Not Investing)
Topic: How do you pay for purchase of a vehicle in retirement?
Replies: 38
Views: 4010

Re: How do you pay for purchase of a vehicle in retirement?

I'm a single person and keep two vehicles in retirement: a full size pickup and a Mustang convertible. Quite different vehicles, so not much overlap in functionality, aside from the point a to point b thing. The F-150, bought new 2-1/2 years ago, replaced a smaller Ford Ranger that I had for almost...
by Ron
Mon Aug 20, 2018 9:54 pm
Forum: Personal Consumer Issues
Topic: Shower too HOT
Replies: 14
Views: 815

Re: Shower too HOT

When I had the same problem in the past it was caused by the water heater having a problem with one of the elements or thermostat, also causing water to dump via the TPR (temperature and pressure relief valve) onto the basement floor.

FWIW,

- Ron
by Ron
Mon Aug 20, 2018 5:01 pm
Forum: Personal Finance (Not Investing)
Topic: How do you pay for purchase of a vehicle in retirement?
Replies: 38
Views: 4010

Re: How do you pay for purchase of a vehicle in retirement?

I've been retired 11+ years and in that time I've purchased two vehicles; a CPO (3-years old, off lease) in 2007 - the year I retired, and a new vehicle in 2015. In both cases, I paid cash. I have $500/month in my budget earmarked for this purpose. My wife does the same and her savings were used to...
by Ron
Mon Aug 20, 2018 10:21 am
Forum: Personal Finance (Not Investing)
Topic: How do you pay for purchase of a vehicle in retirement?
Replies: 38
Views: 4010

Re: How do you pay for purchase of a vehicle in retirement?

I've been retired 11+ years and in that time I've purchased two vehicles; a CPO (3-years old, off lease) in 2007 - the year I retired, and a new vehicle in 2015. In both cases, I paid cash. I have $500/month in my budget earmarked for this purpose. My wife does the same and her savings were used to ...
by Ron
Mon Aug 20, 2018 9:43 am
Forum: Personal Consumer Issues
Topic: As an American, where are some great places in the world to retire?
Replies: 151
Views: 14936

Re: As an American, where are some great places in the world to retire?

As an American (more specifically, a resident of the USA), I (along with my wife) are very happy to be here. We've had the opportunity to travel the world, in both work and in our own explorations. We have yet to find anyplace that is better than in the country that we were born, raised, and will re...
by Ron
Sun Aug 19, 2018 2:22 pm
Forum: Investing - Help with Personal Investments
Topic: Retirees: Timing your withdrawals
Replies: 40
Views: 3799

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: 39
Views: 2743

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: 34
Views: 3912

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: 2595

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: 2595

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: 2595

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: 1113

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: 55
Views: 5943

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: 44
Views: 7866

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: 712

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: 4751

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: 766

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: 847

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: 6151

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: 847

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: 1345

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: 6708

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: 952

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: 770

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