Search found 293 matches

by bluelight
Wed Nov 27, 2019 12:25 am
Forum: Personal Consumer Issues
Topic: Flaunt Your High-Mileage Car
Replies: 582
Views: 77469

Re: Flaunt Your High-Mileage Car

Not high mileage..... 2002 Nissan Pathfinder just turned 110K miles. Then I looked back to see when it turned 100K miles. Aug 16th, 2015 (I had a picture when it turned). It has taken over 4 years for me to put 10K miles on that car. Granted, we usually take our 2013 Audi when picking up my grandchi...
by bluelight
Wed Oct 30, 2019 12:41 pm
Forum: Personal Finance (Not Investing)
Topic: Amica Vs Travelers Home Insurance
Replies: 18
Views: 1105

Re: Amica Vs Travelers Home Insurance

I had Travelers for many years. Their service was excellent when I had to file a claim after my house was broken into and my jewelry was stolen. I only left them this year as the bundled quote I received from Hartford/AARP was almost $500 cheaper than Travelers.
by bluelight
Mon Oct 28, 2019 11:40 am
Forum: Personal Consumer Issues
Topic: How much do you plan to spend on your children's weddings?
Replies: 182
Views: 9185

Re: How much do you plan to spend on your children's weddings?

In a LCOL area, 20k should be enough to cover or at least put a decent dent into the total wedding costs. We're in a VHCOL area and I chipped in about 7K for my daughter's wedding in 2010. She and her future husband covered the rest. There were about 50 people and we DIY'd the decorations, invitatio...
by bluelight
Fri Oct 11, 2019 12:43 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Card Statements-Save Paper Ones? Electronic?
Replies: 35
Views: 1940

Re: Credit Card Statements-Save Paper Ones? Electronic?

Perhaps I'm overly paranoid, but every month I download and save all my statements (banks, investments, credit cards, utilities) at home as PDFs. Most of the time, it's probably overkill, but there have been a couple of times that I was glad that I was able to refer back to them (to answer question...
by bluelight
Sat Aug 17, 2019 11:37 pm
Forum: Personal Consumer Issues
Topic: Aliens have captured my husband [wants to buy a Porsche]
Replies: 138
Views: 11315

Re: Aliens have captured my husband [wants to buy a Porsche]

The Panamera is a great car, go for it. If you purchase a Porsche CPO model, you will pay a little more but the car will be covered under an excellent warranty. I thought my husband was crazy when he said he wanted a Porsche 6 years ago, but once I did my research I was behind his decision 100%. Our...
by bluelight
Wed Aug 14, 2019 9:22 pm
Forum: Personal Consumer Issues
Topic: Breakfast Menu After Retirement
Replies: 73
Views: 10447

Re: Breakfast Menu After Retirement

Pretty much the same in retirement as it was when I was working. Oatmeal with some type of fruit. Banana in the winter, blueberries or strawberries in the summer. A cup of coffee, light and sweet. If I don't have any fruit available for my oatmeal, I'll have a glass of Tomato juice instead.
by bluelight
Thu Aug 08, 2019 8:45 am
Forum: Personal Finance (Not Investing)
Topic: Quarterly taxes for newly retired
Replies: 14
Views: 1088

Re: Quarterly taxes for newly retired

https://www.mortgagecalculator.org/calcs/1040-calculator.php If your situation can be handled by this calculator, you should get pretty close. Since the major change in tax law was for 2018, I would think whatever you used to do 2018 would be pretty close also. Thank you! I will take a look at the ...
by bluelight
Wed Aug 07, 2019 10:31 pm
Forum: Personal Finance (Not Investing)
Topic: Quarterly taxes for newly retired
Replies: 14
Views: 1088

Re: Quarterly taxes for newly retired

Thank you for the responses. I will check into Form 2210. I retired at 62 and 3 months, so hopefully they will waive the penalty. I usually do my own taxes using online software, not Turbo Tax. Due to multiple bonuses, my 2018 income (and taxes withheld) was significantly higher than previous years ...
by bluelight
Wed Aug 07, 2019 7:16 pm
Forum: Personal Finance (Not Investing)
Topic: Quarterly taxes for newly retired
Replies: 14
Views: 1088

Quarterly taxes for newly retired

I retired at the end of March 2019. I always had extra taxes taken for federal and state from my paycheck to cover the taxes due from DH's SS and pensions and our investments. Immediately after retiring both my husband and I were hit with unexpected medical issues and quarterly taxes fell by the way...
by bluelight
Sun Apr 28, 2019 11:01 am
Forum: US Chapters
Topic: Roll Call for the Retirement Class of 2019!
Replies: 390
Views: 57280

Re: Roll Call for the Retirement Class of 2019!

I'm already on the 2019 Roll Call, with an unknown date (and age?) . Please change the date to March 29. The age is 62. This month is going to take forever to get through, but I'm looking forward to a beautiful spring. Thank you for the update Bluelight - we updated the roster and by now, you are a...
by bluelight
Tue Apr 09, 2019 4:25 pm
Forum: Personal Consumer Issues
Topic: fun car advice
Replies: 140
Views: 10061

Re: fun car advice

Look into a CPO Cayman or Boxster, 2009 model year and above. Mid engine, fun to drive.

Then join your local PCA chapter and have some more fun.

DH and I did this 5 years ago and have never regretted it for a second.
by bluelight
Sat Mar 23, 2019 10:53 am
Forum: Personal Investments
Topic: Opening 529 for out of state grandchild
Replies: 4
Views: 377

Opening 529 for out of state grandchild

I currently invest in 529 plans for my 3 grandchildren who live in NY. I live in NY and take the state tax deduction for the contributions. In June we have a grandchild born in Mississippi and we want to open a 529 for her. Should I open the account in NY or Mississippi?
by bluelight
Thu Mar 14, 2019 11:25 pm
Forum: Personal Consumer Issues
Topic: How do you confirm that bills are successfully paid?
Replies: 38
Views: 2678

Re: How do you confirm that bills are successfully paid?

When I use bill pay my "wonderful" bank takes the money out of my account when they send the check. So, I cannot tell whether or not the check is actually cashed. So far, I have not had any of their checks get lost. My bank does the same. Luckily in the years of using their bill pay only one paymen...
by bluelight
Thu Mar 14, 2019 9:58 am
Forum: Personal Consumer Issues
Topic: lawn care cost
Replies: 70
Views: 6670

Re: lawn care cost

A little surprised at the prices, I thought mine was a little high but I guess not. A little over 1/2 acre with about 1/4 acre of lawn in HCOL NYC suburbs. $40 per week to a local father/son landscaping company. They use a mulching mower, edger and blow the clippings off the pavers and driveway. Spr...
by bluelight
Wed Mar 13, 2019 4:11 pm
Forum: Personal Investments
Topic: Will I be able to do a backdoor ROTH?
Replies: 15
Views: 1629

Re: Will I be able to do a backdoor ROTH?

Thank you. I will review the Roth conversion topics.
by bluelight
Mon Mar 11, 2019 6:32 pm
Forum: Personal Investments
Topic: Will I be able to do a backdoor ROTH?
Replies: 15
Views: 1629

Re: Will I be able to do a backdoor ROTH?

You appear to have $140k in traditional IRA and $750 in 401k plans. The traditional IRA has $12,300 in basis (already taxed money). Do you have the Form 8606 that documents that $12,300 in basis? Yes, I have an 8606 that shows 12k in basis. Somehow when I gave the figures to MIL's CPA who did our t...
by bluelight
Fri Mar 08, 2019 11:46 pm
Forum: Personal Investments
Topic: Will I be able to do a backdoor ROTH?
Replies: 15
Views: 1629

Re: Will I be able to do a backdoor ROTH?

I can make a roth contribution for 2019 as I will have 3 months of income. For the tIRAs - the tIRA at Fidelity was a rollover from a prior company 401k done in 2012. There have been no other contributions. The pretax amount was 45,410. It now has a balance of 55K The tIRA at Vanguard was a rollover...
by bluelight
Thu Mar 07, 2019 10:20 pm
Forum: Personal Investments
Topic: Will I be able to do a backdoor ROTH?
Replies: 15
Views: 1629

Re: Will I be able to do a backdoor ROTH?

I meant either a backdoor Roth or Roth conversion.

I haven't made contributions to the tIRAs since 2014.
by bluelight
Thu Mar 07, 2019 5:53 pm
Forum: Personal Investments
Topic: Will I be able to do a backdoor ROTH?
Replies: 15
Views: 1629

Re: Will I be able to do a backdoor ROTH?

Given the income numbers, you should be able to make regular Roth contributions for both of you. Did you think you couldn't? Are you talking about regular Roth conversion of pretax IRAs? You mention next year when you wouldn't have earned income for any IRA contributions. My income has been too hig...
by bluelight
Thu Mar 07, 2019 5:49 pm
Forum: Personal Investments
Topic: Will I be able to do a backdoor ROTH?
Replies: 15
Views: 1629

Re: Will I be able to do a backdoor ROTH?

Thanks. I do believe I have been confusing the two and need to reread the wiki. For either to occur I would need to roll the tIRAs into my current 401K. Is that correct? For a ROTH conversion, I would need to wait until 2020 when I have no earned income and before I take SS or my pension. Would havi...
by bluelight
Thu Mar 07, 2019 2:14 pm
Forum: Personal Investments
Topic: Will I be able to do a backdoor ROTH?
Replies: 15
Views: 1629

Will I be able to do a backdoor ROTH?

I am retiring at the end of this month at age 62. DH is 72, already retired. He is currently taking SS and his pensions and RMDs. We have other investment income from our taxable accts. If it's possible for me to do a backdoor ROTH, I will hold off on taking my SS and pension in an attempt to lower ...
by bluelight
Tue Mar 05, 2019 12:03 pm
Forum: Personal Consumer Issues
Topic: Why do you live where you live?
Replies: 134
Views: 9707

Re: Why do you live where you live?

North Shore of Long Island about 50 miles east of NYC. I was born in NYC and raised in it's suburbs. I really can't imagine living anywhere else. We move to Long Island 2 years ago to be closer to our grandchildren. We are close enough to NYC to go in for the day, yet my house backs up to a 500+ acr...
by bluelight
Mon Mar 04, 2019 6:04 pm
Forum: Personal Consumer Issues
Topic: Why do you live where you live?
Replies: 134
Views: 9707

Re: Why do you live where you live?

We live in beautiful Lewisburg, WV after living 20 years in Montana & 5 years in Oregon. We certainly enjoyed our time in Whitefish and Missoula, Montana, as well as Portland, Oregon. I was raised in Charleston, WV and five years ago family needs necessitated that we move back. One can't easily liv...
by bluelight
Fri Mar 01, 2019 2:09 pm
Forum: US Chapters
Topic: Roll Call for the Retirement Class of 2019!
Replies: 390
Views: 57280

Re: Roll Call for the Retirement Class of 2019!

I'm already on the 2019 Roll Call, with an unknown date (and age?) . Please change the date to March 29. The age is 62.

This month is going to take forever to get through, but I'm looking forward to a beautiful spring.
by bluelight
Sat Feb 02, 2019 11:53 am
Forum: Personal Finance (Not Investing)
Topic: How much do you keep in checking?
Replies: 135
Views: 11805

Re: How much do you keep in checking?

Enough to pay my bills plus $1K minimum required. Any amount over that gets transferred to savings.
by bluelight
Wed Jan 23, 2019 11:36 pm
Forum: Personal Consumer Issues
Topic: What lifestyle creep made you happier?
Replies: 412
Views: 47501

Re: What lifestyle creep made you happier?

When vacations went from camping or driving a few hours to visit family for a week to planned 2+ week vacations at destinations I hadn't previously visited.
by bluelight
Sun Jan 20, 2019 7:20 pm
Forum: Personal Consumer Issues
Topic: Grocery shopping strategy
Replies: 146
Views: 10232

Re: Grocery shopping strategy

We go to Costco once a month for meat/fish and bulk groceries. Personal care items (shampoo, body wash, etc) are usually purchased from Harmon Face Value in Bed Bath & Beyond stores. They have good prices and you can use BB&B coupons. I generally try to use the $5 off $15 or $10 off $30 coupons. The...
by bluelight
Sat Jan 05, 2019 12:29 pm
Forum: Personal Consumer Issues
Topic: How old is too old to buy a house?
Replies: 50
Views: 4700

Re: How old is too old to buy a house?

DH and I purchased a new house 2 years ago when he was 70. We went from a colonial to a ranch which backs to a 500 acre park preserve. Our hope is that with the ranch we will have more years of independent living. Go for it!
by bluelight
Fri Jan 04, 2019 7:54 pm
Forum: Personal Consumer Issues
Topic: What Sudden Needs of Cash Do You Prepare For?
Replies: 64
Views: 3964

Re: What Sudden Needs of Cash Do You Prepare For?

The answer depends on who in my family you ask. Hubby has always been a cash guy, learned it from his depression era parents. We have about 2 years of HCOL area living expenses in easy to access cash (our house and cars are paid off). When we married 5 years ago he didn't have a credit card. If I le...
by bluelight
Thu Jan 03, 2019 12:04 am
Forum: Personal Consumer Issues
Topic: HE Washer/Dryers - What do you have..are you pleased?
Replies: 33
Views: 2623

Re: HE Washer/Dryers - What do you have..are you pleased?

Our house came with a newish GE washer and dryer. Top loading "clean speak" HE washer. I have no control over the water level and the damn machine won't run unless the top is locked. I could add a cable for it to "talk" to the dryer, but I won't. I don't think it adds enough water to clean well. If ...
by bluelight
Tue Dec 25, 2018 11:13 pm
Forum: Personal Finance (Not Investing)
Topic: Working Holidays for extra money.
Replies: 64
Views: 4954

Re: Working Holidays for extra money.

I work in IT and have had to work a few holidays, either onsite or oncall. I've always been a salaried employee, so it's just part of the job. Going home to leftovers or being stuck in front of the laptop while others party isn't my idea of a good time. I'm secondary oncall today, so while the chan...
by bluelight
Tue Dec 25, 2018 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: Working Holidays for extra money.
Replies: 64
Views: 4954

Re: Working Holidays for extra money.

I work in IT and have had to work a few holidays, either onsite or oncall. I've always been a salaried employee, so it's just part of the job. Going home to leftovers or being stuck in front of the laptop while others party isn't my idea of a good time. I'm secondary oncall today, so while the chanc...
by bluelight
Tue Dec 18, 2018 10:43 pm
Forum: Personal Consumer Issues
Topic: Kitchen refresh/remodel ideas
Replies: 36
Views: 2681

Re: Kitchen refresh/remodel ideas

Take a hard look at how you work in your kitchen, does the layout really work? While you stated up front that major layout changes aren't going to happen, could some minor changes make it work better. Moving plumbing, gas or electric over a few feet isn't a major change, but it can make a kitchen wo...
by bluelight
Sun Dec 16, 2018 12:33 pm
Forum: Personal Consumer Issues
Topic: Favorite Purchase of 2018?
Replies: 255
Views: 21934

Re: Favorite Purchase of 2018?

New patio and privacy fence. We bought our home 2 years ago for the location, we back up to a 500 acre nature preserve. The house needed work, and the patio and existing fence were both in bad shape. When I sit out on my new paver patio and look out over the woods, it's like a little bit of heaven i...
by bluelight
Tue Nov 13, 2018 10:43 pm
Forum: Personal Consumer Issues
Topic: Garmins & Fitbits: Worth it for non-athletes?
Replies: 43
Views: 3102

Re: Garmins & Fitbits: Worth it for non-athletes?

I use my Fitbit mostly as motivation to get moving. If I've been sitting for a long time it prompts me to get up and move at least a bit each hour. I also look back over the week to see what my sleep pattern looks like. I like having something on my wrist rather than in my pocket (if I have a pocke...
by bluelight
Tue Nov 06, 2018 10:50 pm
Forum: Personal Finance (Not Investing)
Topic: How much money are you leaving your kids after you die?
Replies: 234
Views: 16644

Re: How much money are you leaving your kids after you die?

DH and I married 5 years ago, second marriage for both. We had however been together for a long time prior to marriage. I have 1 child, he has 3. All are adults. We drew up wills shortly after getting married and decided that as I came into the marriage with 1/3 the assets and he came in with 2/3, t...
by bluelight
Sun Nov 04, 2018 3:52 pm
Forum: Personal Consumer Issues
Topic: Time to splurge. MB E class, BMW 5 or Audi 6?
Replies: 70
Views: 6622

Re: Time to splurge. MB E class, BMW 5 or Audi 6?

We purchased a low millage CPO Audi A6 a few years ago and couldn't be happier with the car. It has been extremely reliable and I wouldn't hesitate to purchase another Audi. Our splurge car is our Porsche.
by bluelight
Sun Oct 14, 2018 10:48 pm
Forum: Personal Consumer Issues
Topic: 1950s home. Replace drywall and insulation or repair it
Replies: 19
Views: 1889

Re: 1950s home. Replace drywall and insulation or repair it

I had my 1950's home insulated from the outside. A piece of siding was removed, holes made in the sheathing, insulation blown in, and siding replaced. It was almost free with energy company rebates. Far less mess and risk than dealing with old drywall. The previous owners of my house did this. Comp...
by bluelight
Fri Oct 12, 2018 12:11 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage vs. Cash
Replies: 28
Views: 2574

Re: Mortgage vs. Cash

We moved to NY in 2016 and were in a similar situation. I was on the fence on taking a small mortgage for our 550k house or paying cash. After finding that NY has a mortgage tax, I decided to keep that money for myself. We paid cash. I have no regrets for that decision. https://www.advantagetitle.co...
by bluelight
Fri Sep 28, 2018 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 790
Views: 111176

Re: How much money do you want to retire?

Your should be more then fine - have you run your numbers on a few retirement calculators to help relive your anxiety with your plans? You are really in good shape. Yes, I've tracked our expenses for the last 5 years and have run our numbers on Firecalc. I try to show my husband, but he would just ...
by bluelight
Fri Sep 28, 2018 1:57 pm
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 790
Views: 111176

Re: How much money do you want to retire?

bluelight... Do the math. If you can't retire, no one can. You have $2.9 million, spend about $120,000 a year, and you have pensions and SS worth around $100k a year. Put $400,000 in a emergency fund Put $1 million in 3% CDs, and it will generate $30,000 a year. The principal won't even go down. Yo...
by bluelight
Fri Sep 28, 2018 10:26 am
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 790
Views: 111176

Re: How much money do you want to retire?

I do not get you at all! In the scheme of the thing, that 60K is really rounding off error. If your retirement expense are near 200K (I came up with this number because of 4% of 3M + SS +SS + pension). then surely that 60K is drop in the bucket. It is literally 2% of your portfolio and your portfol...
by bluelight
Fri Sep 28, 2018 10:00 am
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 790
Views: 111176

Re: How much money do you want to retire?

I'm 3 months shy of 62, DH is 72 and has been retired for a number of years. I'd like to have 3M in retirement, we are about 60K short of that excluding our 550K house (no mortgage). Our retirement income (pensions, SS and dividends) should come close to covering our retirement expenses within 10-2...
by bluelight
Fri Sep 28, 2018 9:56 am
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 790
Views: 111176

Re: How much money do you want to retire?

I'm 3 months shy of 62, DH is 72 and has been retired for a number of years. I'd like to have 3M in retirement, we are about 60K short of that excluding our 550K house (no mortgage). Our retirement income (pensions, SS and dividends) should come close to covering our retirement expenses within 10-2...
by bluelight
Fri Sep 28, 2018 9:43 am
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 790
Views: 111176

Re: How much money do you want to retire?

I'm 3 months shy of 62, DH is 72 and has been retired for a number of years. I'd like to have 3M in retirement, we are about 60K short of that excluding our 550K house (no mortgage). Our retirement income (pensions, SS and dividends) should come close to covering our retirement expenses within 10-2...
by bluelight
Thu Sep 27, 2018 9:44 pm
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 790
Views: 111176

Re: How much money do you want to retire?

I'm 3 months shy of 62, DH is 72 and has been retired for a number of years. I'd like to have 3M in retirement, we are about 60K short of that excluding our 550K house (no mortgage). Our retirement income (pensions, SS and dividends) should come close to covering our retirement expenses within 10-20...
by bluelight
Fri Sep 21, 2018 11:39 pm
Forum: Personal Consumer Issues
Topic: BlackFriday Shopping - what do you usually buy? (other than Christmas gifts)
Replies: 36
Views: 2822

Re: BlackFriday Shopping - what do you usually buy? (other than Christmas gifts)

I've gone to stores late in the evening on Black Friday to find non battery powered sale games, crafts and books for donation. For a number of years my workplace had a fill a basket charity event and I would get the kids items on BF. The stores are usually emptied of the hot toys, but the simpler on...
by bluelight
Wed Sep 19, 2018 11:09 pm
Forum: Personal Consumer Issues
Topic: Did you really have something to retire to?
Replies: 132
Views: 12472

Re: Did you really have something to retire to?

I will be retiring next year to a life where I am not required to sleep with my cellphone next to my bed in the event that work decides they need me in the middle of the night. I will be retiring to a life without 24/7 oncall rotation. I will be retiring to a life where I don't have to work nights a...
by bluelight
Wed Sep 19, 2018 10:20 pm
Forum: Personal Consumer Issues
Topic: Bathroom and Basement Remodel Costs
Replies: 56
Views: 4149

Re: Bathroom and Basement Remodel Costs

Your basement sounds a little over the top for a room you don't use. Do you really need a large bar area with granite, stacked stone and custom cabinets? Move the bar, but use materials will give you function without the excess in price. Custom baths will help sell a house, finished basements are ni...
by bluelight
Sat Aug 04, 2018 12:12 am
Forum: Personal Finance (Not Investing)
Topic: Comfort level with Credit Card Balance
Replies: 86
Views: 6297

Re: Comfort level with Credit Card Balance

We use our rewards card for everything, so every 2 weeks on payday I pay off what ever balance there is. That way I don't have one big payment due once a month.