Search found 6057 matches

by Ron
Wed Dec 13, 2017 3:33 pm
Forum: Investing - Help with Personal Investments
Topic: ROTH IRA Holders: How Many Of You Max Your Contribution On January 1st?
Replies: 41
Views: 2686

Re: ROTH IRA Holders: How Many Of You Max Your Contribution On January 1st?

Markets are closed on January 1st :twisted: ...

Anyway, back in the day, I would put away funds on a monthly basis during the previous year, and contribute those funds to my IRA the first working day of the new year.

- Ron
by Ron
Tue Dec 12, 2017 3:05 pm
Forum: Personal Finance (Not Investing)
Topic: What did you do with your first RMD withdrawal money?
Replies: 63
Views: 4325

Re: What did you do with your first RMD withdrawal money?

The overwhelming number of responders that reinvest RMDs reifies my faith in Bogleheads. I laud your high degree of financial responsibility. I choose to spend mine on luxuries, but may reinvest next year's since I don't have a burning desire for something new now. My main takeaway is that each of ...
by Ron
Mon Dec 11, 2017 3:20 pm
Forum: Personal Finance (Not Investing)
Topic: 2018 financial goals - what are yours?
Replies: 79
Views: 6556

Re: 2018 financial goals - what are yours?

KISS method.

Claim my SS benefit (I turn 70 in three weeks) :mrgreen: ...

- Ron
by Ron
Sat Dec 09, 2017 3:16 pm
Forum: Personal Finance (Not Investing)
Topic: For those retired at least 10 years, what about the money?
Replies: 43
Views: 5864

Re: For those retired at least 10 years, what about the money?

All excess funds are put away for the future care of our adult disabled son, assuming we don't need it for our own future medical/support needs before we're gone. Since he's our only "child" and will never have grandchildren, the normal investments in the "future generations" are not within our scop...
by Ron
Sat Dec 09, 2017 2:03 pm
Forum: Personal Finance (Not Investing)
Topic: What did you do with your first RMD withdrawal money?
Replies: 63
Views: 4325

Re: What did you do with your first RMD withdrawal money?

The IRS gets paid first, the remainder goes to the taxable account. The IRS gets more than half :D Dale How do you figure it's half? I will guess it's because Mr. G makes it so. He probably has plenty of other income, but withholds no taxes from the other income and has all his tax liability for al...
by Ron
Thu Dec 07, 2017 9:19 am
Forum: Personal Finance (Not Investing)
Topic: Why not take Social Security at 62
Replies: 334
Views: 26093

Re: Why not take Social Security at 62

reggiesimpson wrote:
Thu Dec 07, 2017 8:59 am
"A bird in the hand is worth two in the bush". Take the money and run.
Exactly! That's what I'm doing in just under 4 weeks (when I turn 70 :mrgreen: )....

- Ron
by Ron
Wed Dec 06, 2017 4:59 pm
Forum: Personal Consumer Issues
Topic: Do people still use AAA?
Replies: 181
Views: 10762

Re: Do people still use AAA?

Now I have hide-a-key on all my cars. I've thought about doing this, but the problem is I have an electronic key fob, not an actual key that inserts into a lock, and if the key fob is anywhere within a short distance of the car, the doors will open. So, how do I put an electronic key fob in a hide-...
by Ron
Tue Dec 05, 2017 10:32 am
Forum: Personal Finance (Not Investing)
Topic: Why not take Social Security at 62
Replies: 334
Views: 26093

Re: Why not take Social Security at 62

You want to prepare for 75% cut in social security and the market tanking by 75% and the inflation going up by 10% every year and the interest rates staying in low 2%, medicare going away and being in long terms care facility for 30 years; is there anything else you need to be ready for? is that wo...
by Ron
Mon Dec 04, 2017 12:48 pm
Forum: Personal Finance (Not Investing)
Topic: Does it always make sense to delay SSA?
Replies: 15
Views: 1187

Re: Does it always make sense to delay SSA?

I read it break it even if one beyond 85. So the optium point is to take SSA between 67 to 70.5 (65 to 70.5 depend your birth year). If you have big tax deferred account, deferred but do Roth conversion to reduce RMD. SSA is taxable if you RMD+SSA to too big. No accrual is given beyond the age of 7...
by Ron
Sat Dec 02, 2017 10:36 am
Forum: Personal Consumer Issues
Topic: New Medicare Retirement Plan
Replies: 5
Views: 895

Re: New Medicare Retirement Plan

I have a similar HRA setup from the company I retired from, and they use Towers Watson / OneExchange as their Medicare marketplace provider. I don't know if they operate the same, but I can actually apply for a plan online to start the process and it is dated with the day of the application. Like yo...
by Ron
Fri Dec 01, 2017 11:25 pm
Forum: Personal Consumer Issues
Topic: quiet natural gas generators
Replies: 38
Views: 2163

Re: quiet natural gas generators

<snip...> Ever thought about changing out your air handler (heat strips) for one with a gas furnace as backup? In an extended outage you'd go through a lot less propane burning it directly versus running a generator to run the heat pump's compressor. First of all, there is no NG in our area. To run...
by Ron
Thu Nov 30, 2017 2:52 pm
Forum: Personal Consumer Issues
Topic: quiet natural gas generators
Replies: 38
Views: 2163

Re: quiet natural gas generators

We had our 20KW Generac installed in the spring of 2013 by our HVAC contractor, who sells/installs/maintain both the Generac and Kohler brands with no "push" to install one over the other. We went with the Generac primarily due to market penetration when compared to the other brands. While one of th...
by Ron
Tue Nov 28, 2017 9:28 am
Forum: Personal Consumer Issues
Topic: quiet natural gas generators
Replies: 38
Views: 2163

Re: quiet natural gas generators

<snip..>When I looked into this a few years ago, the two issues were noise (angry neighbors) and the fact that you need to keep them clear of snow. I dont want to be outside in the middle of a blizzard trying to clear snow from my generator. A few shovel fulls of snow to clear the vents are certain...
by Ron
Mon Nov 27, 2017 3:06 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Calculation Question
Replies: 19
Views: 1539

Re: Social Security Calculation Question

<snip...> Also, you're using the the term "reduced" in a manor in which it is not typically used when discussing SSI. It's not "SSI", but it is SS. SSI is a separate program, run by each state but supported by the federal government to give income to those who have never worked due to being aged, b...
by Ron
Sun Nov 26, 2017 10:53 am
Forum: Personal Finance (Not Investing)
Topic: Why not take Social Security at 62
Replies: 334
Views: 26093

Re: Why not take Social Security at 62

Just curious but how much do you think most BH couples annual SS benefit will be? I think you may be under estimating the size of the benefit for many BH especially those who have substantial savings as they likely held well paying jobs. The numbers are around $35K for a professional person who has...
by Ron
Fri Nov 24, 2017 1:21 pm
Forum: Investing - Help with Personal Investments
Topic: if you could use only 1 investment firm...
Replies: 79
Views: 4902

Re: if you could have only 1 investment firm...

R U serious?

You are asking this question on a forum dedicated to Vanguard? :oops: ...
by Ron
Fri Nov 24, 2017 9:46 am
Forum: Personal Finance (Not Investing)
Topic: Regrets for taking SS at 62 or waiting?
Replies: 100
Views: 9232

Re: Regrets for taking SS at 62 or waiting?

I'm delaying mine for five weeks (I turn 70 in week # 6 :mrgreen: ).

I can't say I regret it; I doubt if anybody responding to the question would admit that it was a mistake either way, even if they actually felt it was the case.

- Ron
by Ron
Wed Nov 22, 2017 12:02 pm
Forum: Investing - Help with Personal Investments
Topic: How do you define success in your life?
Replies: 46
Views: 2022

Re: How do you define success in your life?

livesoft wrote:
Wed Nov 22, 2017 11:09 am
Ron wrote:
Wed Nov 22, 2017 11:00 am
I don't. That's a question for others to answer, about me.

- Ron
Yes, I agree. So how often do folks take you to lunch or ask to have a photo taken with you? :)
After (almost) seven decades, I'm still waiting :oops: ...

- Ron
by Ron
Wed Nov 22, 2017 11:00 am
Forum: Investing - Help with Personal Investments
Topic: How do you define success in your life?
Replies: 46
Views: 2022

Re: How do you define success in your life?

I don't. That's a question for others to answer, about me.

- Ron
by Ron
Tue Nov 21, 2017 3:10 pm
Forum: Personal Finance (Not Investing)
Topic: Why not take Social Security at 62
Replies: 334
Views: 26093

Re: Why not take Social Security at 62

In addition to what has been posted, there is an advantage to waiting in the way of survivor benefits if you have a lower earning spouse. Based on family history, I will probably pass long before my wife. Even though we have a very adequate portfolio of investments, by waiting to 70, she will recei...
by Ron
Sun Nov 19, 2017 1:32 pm
Forum: Investing - Help with Personal Investments
Topic: Confused about cash and retirement - isn't this really about market timing?
Replies: 38
Views: 3160

Re: Confused about cash and retirement - isn't this really about market timing?

for the next 30 years (until age 100 :twisted: ), my projected withdraw rate is forecast to be under 2%. You'd be fine in retirement if your plan was to literally stuff cash into your mattress. Actually, the plan is to ensure that our adult disabled "child" has enough to pay for services until he p...
by Ron
Sun Nov 19, 2017 8:44 am
Forum: Investing - Help with Personal Investments
Topic: Confused about cash and retirement - isn't this really about market timing?
Replies: 38
Views: 3160

Re: Confused about cash and retirement - isn't this really about market timing?

The cash buffer can fill as emotional need. You can't discount that. But unfortunately it does pretty much nothing to help portfolio survivability. The downside is you can get stuck with some tough choices. Lets say you retired in 2000. When would you have taken money out of your portfolio to refil...
by Ron
Sat Nov 18, 2017 8:44 pm
Forum: Investing - Help with Personal Investments
Topic: Confused about cash and retirement - isn't this really about market timing?
Replies: 38
Views: 3160

Re: Confused about cash and retirement - isn't this really about market timing?

<snip...> Some people will say I wasted potential earnings by keeping 4-years worth of spending in cash, but this was simple and it worked for me because I am not worried about squeezing out every "possible" gain. Your solution should be one that works for you. Like you, both my wife/me started har...
by Ron
Sat Nov 18, 2017 9:18 am
Forum: Investing - Help with Personal Investments
Topic: Do you include the sale of your home as part of your retirement planning?
Replies: 91
Views: 5078

Re: Do you include the sale of your home as part of your retirement planning?

No I do not. However, I do account on the expense side what projected upgrades/maintenance may be required over the years that I remain here. If I had to plan to use my home as a source for retirement income, I would further refine my plan to remove it from the equation. Additionally, I've moved eno...
by Ron
Tue Nov 14, 2017 11:16 pm
Forum: Personal Finance (Not Investing)
Topic: "Unsuspending" Social Security Benefits
Replies: 27
Views: 3103

Re: "Unsuspending" Social Security Benefits

You must apply before we can pay the higher benefit amount. You can apply conveniently at www.socialsecurity.gov on the Internet, in person or by telephone. To use our secure website to apply, under Benefits link click Apply Online for Retirement. You can access and complete the application there."...
by Ron
Tue Nov 14, 2017 7:20 pm
Forum: Personal Finance (Not Investing)
Topic: "Unsuspending" Social Security Benefits
Replies: 27
Views: 3103

Re: "Unsuspending" Social Security Benefits

You must apply before we can pay the higher benefit amount. You can apply conveniently at www.socialsecurity.gov on the Internet, in person or by telephone. To use our secure website to apply, under Benefits link click Apply Online for Retirement. You can access and complete the application there."...
by Ron
Mon Nov 13, 2017 8:03 am
Forum: Investing - Help with Personal Investments
Topic: Why pay cash for a car?
Replies: 179
Views: 15231

Re: Why pay cash for a car?

Being retired (both me/wife) we don't purchase anything unless we can pay cash for it, be it a car, home improvement, or travel. We've purchased three cars since retirement (for me, just over a decade ago); one CPO, two new. All were paid for upon delivery. I/we don't play the "I can save X dollars ...
by Ron
Sun Nov 12, 2017 10:57 am
Forum: Personal Consumer Issues
Topic: Better way to get rid of old fridge?
Replies: 38
Views: 2573

Re: Better way to get rid of old fridge?

My electric utility has a program where they will pick it up (must be running) and give you a $20 bill credit. I'm assuming that it still must be operational is because the recycle center wants to tap the old Freon from the unit.

- Ron
by Ron
Sun Nov 12, 2017 8:35 am
Forum: Personal Consumer Issues
Topic: Do you meditate?
Replies: 117
Views: 7855

Re: Do you meditate?

No, but I do medicate :mrgreen: ...

- Ron
by Ron
Sun Nov 12, 2017 8:30 am
Forum: Investing - Theory, News & General
Topic: Fidelity 10X Retirement Rule - - Valid???
Replies: 46
Views: 3046

Re: Fidelity 10X Retirement Rule - - Valid???

While I agree to use expenses rather than income when planning for retirement, I also believe that more people know their salary vs. their expenses :? ..

You have to start the conversation somewhere.

- Ron
by Ron
Sat Nov 11, 2017 11:17 am
Forum: Investing - Theory, News & General
Topic: What do people mean when they say their SWR is X% or they have X times expenses?
Replies: 27
Views: 2172

Re: What do people mean when they say their SWR is X% or they have X times expenses?

I retired in early 2007 (10 years ago) at age 59. My forecast at that time using FIDO's RIP software showed annual withdrawal amounts between 4.7 and 10% until age 66 which is my/wife's FRA and when we originally planned on filing for our respective SS. After age 66, our joint withdrawal rate was fo...
by Ron
Fri Nov 10, 2017 5:41 pm
Forum: Personal Consumer Issues
Topic: Home backup generator experiences
Replies: 51
Views: 2852

Re: Home backup generator experiences

A plus for running propane over NG is that you will get the full 20KW out of the genset rather than a 20% reduction (e.g. 18KW) using NG. I think that is one of the reasons why Generac came out with the 22KW unit, even though it uses the same two cylinder engine in order to pump up the NG output. W...
by Ron
Fri Nov 10, 2017 5:16 pm
Forum: Personal Consumer Issues
Topic: Home backup generator experiences
Replies: 51
Views: 2852

Re: Home backup generator experiences

What happens of you are away and that 400 gallons at 50% load runs out at 7-8 days? Our propane supplier is aware of our usage and during major outages they will be making deliveries every few days. This is no different than when we had an in-town 3-story 5 BR brownstone decades ago using oil heat,...
by Ron
Fri Nov 10, 2017 8:39 am
Forum: Personal Consumer Issues
Topic: Home backup generator experiences
Replies: 51
Views: 2852

Re: Home backup generator experiences

I've had two large generators...a Cummins Onan 30kw and a Kohler 37kw. Both propane. The propane supply that we had would last about two weeks running 24/7 and around three weeks if we ration at night. How large of a propane supply do you have? My inlaws have a 20kw unit, I remember thinking that t...
by Ron
Mon Nov 06, 2017 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: Why make more money?
Replies: 134
Views: 13240

Re: Why make more money?

"You can never be too rich or too thin." - Wallis Simpson

Since I'll never be too thin, I'll go with the former :mrgreen: ...

Seriously, other than death, there are no guarantees in life. Sometimes money can overcome life's arrows shot at you and your family.

- Ron
by Ron
Sun Nov 05, 2017 1:34 pm
Forum: Personal Consumer Issues
Topic: Has anyone bought a Samsung Note 8?
Replies: 34
Views: 2004

Re: Has anyone bought a Samsung Note 8?

well...if you need a new phone...you can find many! I don't think you need to spend $1000 for it. I think only 5 ppl in the world NEED such an expensive phone... You can find great deals on Meizu or Xiami as chinaphones for example. even HTC Not according to all the (young) guys standing in line th...
by Ron
Sun Nov 05, 2017 9:44 am
Forum: Personal Consumer Issues
Topic: Has anyone bought a Samsung Note 8?
Replies: 34
Views: 2004

Re: Has anyone bought a Samsung Note 8?

Consider a Galaxy S8? It doesn't have a stylus but it does have some of the features of the Note 8. http://www.samsung.com/us/explore/galaxy-s8/infinity-display/ The Galaxy and Note series phones are generally released on an annual basis, six months apart from each other. In six months, the new Gala...
by Ron
Sun Nov 05, 2017 8:38 am
Forum: Investing - Help with Personal Investments
Topic: Should one use REITs
Replies: 48
Views: 3686

Re: Should one use REITs

Back in the late 80's - early 90's, Vanguard experimented with REIT's for the first time. As I remember, I put in my annual $2K IRA contribution to the plan, which invested in commercial buildings out west. I don't have the paperwork, but I believe it was referred to as "Vanguard Real Estate Investm...
by Ron
Fri Nov 03, 2017 11:17 am
Forum: Personal Finance (Not Investing)
Topic: Giving up on Quicken? (and expense tracking software altogether)
Replies: 53
Views: 3585

Re: Giving up on Quicken? (and expense tracking software altogether)

While I don't begrudge my wife the money she spends on travel (really :mrgreen: ) she was quite amazed when I ran a Q report showing that over the last 19 years, she had spent just over the delivered cost of our current home, built in 1994. That doesn't even include the $70k I threw into the pot to ...
by Ron
Wed Nov 01, 2017 11:22 am
Forum: Investing - Help with Personal Investments
Topic: Limited Term SPIA as bridge income until Social Security? SPIA Ladder Viability?
Replies: 27
Views: 1079

Re: Limited Term SPIA as bridge income until Social Security? SPIA Ladder Viability?

<snip...>To be fair, you should compare to CD rates. Then the return wouldn't look that terrible. If you are getting yearly payouts, what does buying 1, 2, ..., 9 and 10 year CD's look like? The problem with CD's (anything over a year, or so) is that they don't provide monthly income as an SPIA doe...
by Ron
Wed Nov 01, 2017 10:42 am
Forum: Investing - Help with Personal Investments
Topic: Limited Term SPIA as bridge income until Social Security? SPIA Ladder Viability?
Replies: 27
Views: 1079

Re: Limited Term SPIA as bridge income until Social Security? SPIA Ladder Viability?

That is not the return you are getting. It is the payout rate %. They are giving you your money back over a 10 year period plus a very small amount of interest. Correct. You need to run an IRR calculation, based upon initial premium paid, annual payments to you, and term of 10 years. If you do that...
by Ron
Sun Oct 29, 2017 8:32 am
Forum: Personal Finance (Not Investing)
Topic: 2017 Bogleheads Conference - Annuities: The Good, The Bad, and The Ugly
Replies: 18
Views: 2254

Re: 2017 Bogleheads Conference - Annuities: The Good, The Bad, and The Ugly

<snip...>I guess what i am questioning is the rosy +4% return for the 60 year old. feels wrong to me FWIW, I purchased an SPIA shortly after I retired, at age 59 in 2007. The computed IRR for the guaranteed term (joint at 100%, joint until age 87) came out to 4.79%. This is IRR and does not include...
by Ron
Fri Oct 27, 2017 10:15 am
Forum: Personal Finance (Not Investing)
Topic: Request for Promotion letter to Senior Management
Replies: 155
Views: 12612

Re: Request for Promotion letter to Senior Management

<snip...>There should always be a fairness in life to reward someone for their accomplishments and potential to ensure one's efforts get compensated accordingly for the value that is being provided. Who made the rule that life has to be fair? <snip...> and forget 'fairness' argument - what is this ...
by Ron
Fri Oct 27, 2017 7:53 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Timing
Replies: 5
Views: 826

Re: Social Security Timing

Credit is given for the entire month, regardless of birth date, with rare exceptions. Exceptions are that if you are born on January 1st, your benefit is based upon the previous year. The second exception is that you must have a full month of credit if you claim at age 62. Any later date beyond clai...
by Ron
Thu Oct 26, 2017 4:36 pm
Forum: Personal Finance (Not Investing)
Topic: Do you include the capitalized value of Social Security in your asset allocation?
Replies: 32
Views: 2043

Re: Do you include the capitalized value of Social Security in your asset allocation?

No. I can't buy it or sell it. I compare Social Security and other guaranteed income streams from the amount of income I need/want in retirement, and evaluate the ability of my portfolio to make up the shortfall. Subtracting an actual income stream from an actual income need seems much sounder and ...
by Ron
Fri Oct 20, 2017 7:45 am
Forum: Investing - Theory, News & General
Topic: For those near retirement and rebalanced to Bonds...
Replies: 34
Views: 3770

Re: For those near retirement and rebalanced to Bonds...

I/wife both age 69. Current mix: 60% equity, 40% bond/cash. Future mix: 60% equity, 40% bond/cash. Currently, 65% of our expenses are covered by portfolio withdrawals. Next year, when we both start to draw our age-70 SS benefits, income sources beyond portfolio withdrawals will cover just over 90% o...
by Ron
Tue Oct 17, 2017 9:34 pm
Forum: Personal Consumer Issues
Topic: urgent battery pack recommendation for mac book pro
Replies: 10
Views: 569

Re: urgent battery pack recommendation for mac book pro

You could replace the battery yourself with an Anker. It's not as good as a real Apple battery, but it's pretty good. If you're in a rush you can buy it on amazon and have it overnighted to you. Here's what I purchased for my trip overseas two months ago: https://www.amazon.com/gp/product/B01N3TVRP...
by Ron
Mon Oct 16, 2017 10:39 am
Forum: Personal Finance (Not Investing)
Topic: Bonus pushed back - should I be annoyed?
Replies: 43
Views: 3426

Re: Bonus pushed back - should I be annoyed?

I retired from a global company (worked at/for U.S. division, Corporate HQ was in Europe) for 28+ years. Often times, I myself questioned the "fairness" of what was the local standard in other countries, of which we had divisions in over 140 countries. As you stated, some "soft" benefits, such as ex...