Search found 2614 matches

by carolinaman
Sun Nov 19, 2017 6:26 am
Forum: Personal Finance (Not Investing)
Topic: Costco Eyeglasses - No satisfaction guarantee. Any chance of resolution?
Replies: 24
Views: 2089

Re: Costco Eyeglasses - No satisfaction guarantee. Any chance of resolution?

I am a long time Costco optical customer. They have been fantastic for me. On 2 separate occasions, I damaged my glasses and they replaced them with no charge, even though I told them it was my fault. Your situation is different in that Costco apparently cannot provide what you need. Even so, when t...
by carolinaman
Sat Nov 18, 2017 7:59 am
Forum: Investing - Help with Personal Investments
Topic: Current precarious equity environment for a retiree
Replies: 34
Views: 2130

Re: Current precarious equity environment for a retiree

Isn't the equity environment always precarious? :happy I'd say if a retiree is overly stressed about the equity side of things, they may have too much in equities and an AA change may be needed. +1. Either OPs AA is too risky or he/she is obsessing too much about it. Align your risk tolerance with ...
by carolinaman
Fri Nov 17, 2017 8:06 am
Forum: Personal Consumer Issues
Topic: Confused!!!! CRCCs or home care..? Help!!
Replies: 12
Views: 1071

Re: Confused!!!! CRCCs or home care..? Help!!

I am 73 and DW is 74. We are aging in place in home of past 44 years which we love. We have 2+ acres with lots of trees, a 350' driveway and other maintenance items. I have started paying for some maintenance items but still do fair amount myself. However, my days of that are numbered. I can see a l...
by carolinaman
Tue Nov 14, 2017 7:24 am
Forum: Investing - Help with Personal Investments
Topic: What might you ask In-laws' FA?
Replies: 37
Views: 2612

Re: What might you ask In-laws' FA?

This is very interesting. You need to find out their motive for asking you. This is a touchy situation as you have already read from the other posters. After all of these years, I would ask them has anything changed that they now want you to go with them? Have they read something or another friend ...
by carolinaman
Sun Nov 12, 2017 7:57 am
Forum: Personal Consumer Issues
Topic: Do you meditate?
Replies: 107
Views: 6348

Re: Do you meditate?

At one point in my career, I developed anxiety from all the work pressures I was experiencing. It led to insomnia which I realized I had to do something about. I saw a counselor through my job and she recommended meditation. I am probably the last person who would try meditation, but I was desperate...
by carolinaman
Sun Nov 12, 2017 7:41 am
Forum: Investing - Theory, News & General
Topic: Fidelity 10X Retirement Rule - - Valid???
Replies: 46
Views: 2951

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

I think the key to any of these rules of thumb, i.e. 10 times salary or 25 times expenses, is understanding the underlying assumptions. Often, especially on this forum, people present the rule of thumb without reference to the underlying assumptions which leads to people misinterpreting the rule. Fo...
by carolinaman
Sat Nov 11, 2017 8:27 am
Forum: Personal Finance (Not Investing)
Topic: Deferred Compensation Plan (DCP) and Moving States
Replies: 3
Views: 337

Re: Deferred Compensation Plan (DCP) and Moving States

The taxation may vary depending upon the states involved, and especially the one you reside in. For example, taxation of retirement income, SS or pensions, varies by state and the state you reside in determines whether it is taxable or not. At least that has been my experience. I doubt it would be a...
by carolinaman
Sat Nov 11, 2017 8:15 am
Forum: Investing - Help with Personal Investments
Topic: allocation and diversification durring retirement
Replies: 4
Views: 614

Re: allocation and diversification durring retirement

For tax efficiency you should maximize equity in taxable accounts and maximize fixed in tax deferred accounts. Without knowing more about your situation, especially marginal tax rate, age and when you plan to take SS, it is hard to provide more advice. Observations: you have a high cash allocation. ...
by carolinaman
Sat Nov 11, 2017 8:01 am
Forum: Personal Consumer Issues
Topic: Interesting Career Advice
Replies: 6
Views: 1196

Re: Interesting Career Advice

If the company is so short sighted to not create a new position for someone who has accomplished this, then moving on is definitely your best option. Why stay with a company like that? They do not recognize nor appreciate good talent. BTW, I have seen companies like that. Unfortunately, they are not...
by carolinaman
Sat Nov 11, 2017 7:58 am
Forum: Personal Consumer Issues
Topic: Septic tank - deal killer?
Replies: 47
Views: 3998

Re: Septic tank - deal killer?

We have lived in our home for 44 years with a septic tank and never had it pumped out. I put the bacteria stuff in the tank once a month and are careful what we put in it: no solid foods, grease, etc. It is probably on life support but so far no problems. I know I need to have it cleaned and they wi...
by carolinaman
Fri Nov 10, 2017 8:03 am
Forum: Personal Consumer Issues
Topic: Home backup generator experiences
Replies: 51
Views: 2689

Re: Home backup generator experiences

I bought an 8500 watt gas generator from Home Depot 2 years ago. I have only used one time so far, although we are susceptible to power outages from winter ice storms. We have been without power for 3 to 4 days a couple of times in last 20 years with very cold weather and partial day outages several...
by carolinaman
Fri Nov 10, 2017 7:34 am
Forum: Personal Consumer Issues
Topic: Costco for tires and car insurance?
Replies: 75
Views: 5321

Re: Costco for tires and car insurance?

Hi Bogleheads - I just bought a slightly used 2017 Ford Escape, and I'm thinking that I should get a set of winter tires for it. Winters here can be kinda nasty; last one definitely was. I'm inclined to get the tires from Costco... I'm just wondering if anyone out there has experience with buying t...
by carolinaman
Thu Nov 09, 2017 12:26 pm
Forum: Investing - Theory, News & General
Topic: TIPS at a young age?
Replies: 23
Views: 1078

Re: TIPS at a young age?

IMO, TIPS are not as important for a young person as they are for someone nearing or in retirement. Inflation is not nearly as impactful to a young person with a portfolio like yours (75/25). It is a much bigger deal for retirees because they typically have a large allocation of fixed income and the...
by carolinaman
Thu Nov 09, 2017 8:42 am
Forum: Investing - Theory, News & General
Topic: The fear of retirement, black swan, and math to dissuade the fear.
Replies: 135
Views: 12133

Re: The fear of retirement, black swan, and math to dissuade the fear.

Health care for pre-Medicare seniors is a really big issue. I have a friend who is in early 60s and self employed. His joint healthcare policy is jumping from $700 to $2200 per month with deductible of $13k. If major medical issues occur (and some have chronic issues require lots of medical expenses...
by carolinaman
Thu Nov 09, 2017 8:14 am
Forum: Personal Finance (Not Investing)
Topic: Interviewing at a former employer, should I give them my current salary when they ask?
Replies: 79
Views: 4296

Re: Interviewing at a former employer, should I give them my current salary when they ask?

I interviewed and hired many IT professionals and managers during my 30+ years of IT management. Typically, the first interview would be a phone interview. If there seemed to be a fit for the position, I would ask what their salary expectations were? If their response was in the range of the positio...
by carolinaman
Wed Nov 08, 2017 8:44 am
Forum: Personal Finance (Not Investing)
Topic: What's the most "interesting" job in corporate finance?
Replies: 20
Views: 1906

Re: What's the most "interesting" job in corporate finance?

...Do you see people doing Exec MBAs (accountants that is) to credentialize themselves into more senior management roles? Worth doing? What steps would you recommend to a young accountant to make this sort of career track happen? Yes, getting an MBA definitely helps, but it's not absolutely necessa...
by carolinaman
Wed Nov 08, 2017 8:34 am
Forum: Personal Finance (Not Investing)
Topic: Did we make it to "The 2 Comma Club"? Maybe not?
Replies: 21
Views: 3578

Re: Did we make it to "The 2 Comma Club"? Maybe not?

Congratulations on your savings/assets at such a young age.

Depending on how you consider the taxes owed on your retirement account, you may or may not have achieved 2 comma club. If you deduct the anticipated taxes on your retirement funds, you may not be there just yet.
by carolinaman
Tue Nov 07, 2017 7:52 am
Forum: Investing - Theory, News & General
Topic: Pension Plan Investment Results
Replies: 9
Views: 1291

Re: Pension Plan Investment Results

That return seems rather high for a balanced AA most pensions use. NC's pension AA is about 40% equity, 40% fixed and 20% alternative (private equity, hedge funds and others). From memory our investment returns for last reporting period was 6.7% which is at least 6 months earlier than the period you...
by carolinaman
Tue Nov 07, 2017 7:19 am
Forum: Personal Finance (Not Investing)
Topic: Virginia to New Jersey income tax
Replies: 20
Views: 2114

Re: Virginia to New Jersey income tax

I suggest you consider also property tax and sales tax in addition to income tax. You may find the cumulative effect of all 3 are significant. I believe that NJ is considered one of the highest taxed states in US and this is likely to show up in different taxes but especially in these 3.
by carolinaman
Sat Nov 04, 2017 6:39 am
Forum: Personal Consumer Issues
Topic: How much to spend for bathroom remodel with these features in LCOL area
Replies: 27
Views: 1667

Re: How much to spend for bathroom remodel with these features in LCOL area

My son has done a lot of bathroom remodels. It is common to find wood rot, especially with older bathrooms. His motto for remodeling is to "expect the unexpected" once you open up the walls and floors. If wood rot exists, this will impact your budget, but it is much better to find it now than later....
by carolinaman
Fri Nov 03, 2017 9:08 am
Forum: Personal Finance (Not Investing)
Topic: Should I decline Grand Prize trip because of taxes on winnings?
Replies: 89
Views: 7426

Re: Should I decline Grand Prize trip because of taxes on winnings?

I recommend that you and your husband take the trip. It sounds like a great trip, even for someone who is only moderately interested in golf. I think you will experience some things in this trip that you could not duplicate yourself and you will be treated like royalty. Sometimes we need to back awa...
by carolinaman
Tue Oct 31, 2017 6:59 am
Forum: Personal Consumer Issues
Topic: Fuel treatments for small engines
Replies: 32
Views: 2106

Re: Fuel treatments for small engines

Just purchased an Echo blower yesterday. The guy who sold it strongly recommends using gas with no ethanol for all small engines. He claims they will run much better and be easier to start. In fact, he showed me an app called Puregas which can be used to locate stations that sell non ethanol gas. Th...
by carolinaman
Mon Oct 30, 2017 7:22 am
Forum: Personal Consumer Issues
Topic: Retirees: which websites do you spend the most time on?
Replies: 33
Views: 5786

Re: Retirees: which websites do you spend the most time on?

Bogleheads, WSJ, BBC, Drudge, CNN/Money, Morningstar, local newspaper, Facebook
by carolinaman
Mon Oct 30, 2017 7:07 am
Forum: Personal Consumer Issues
Topic: Need Occasional Outgoing Fax From Email
Replies: 5
Views: 447

Re: Need Occasional Outgoing Fax From Email

Thanks for the tip. I rarely need to fax anything. Recently used Office Depot for fax service. It is pricey. This looks like a bargain plus I can do it at home.
by carolinaman
Sun Oct 29, 2017 7:07 am
Forum: Personal Consumer Issues
Topic: European Tours
Replies: 67
Views: 3157

Re: European Tours

I would suggest you try to include more than just the large cities like Rome and London. For example, I spent 2 weeks in Italy 2 years ago. I was in Tuscany for a week, Rome for 5 days and spent a day at Amalfi Coast. I enjoyed Rome but much preferred the other 2 sites. Old ancient ruins and art mus...
by carolinaman
Sun Oct 29, 2017 6:28 am
Forum: Personal Finance (Not Investing)
Topic: What was the main reason you retired?
Replies: 210
Views: 15013

Re: What was the main reason you retired?

#9 for me. I liked my job and could have kept going, but at age 66 I felt I needed to tackle my bucket list before I got too old to do so.
by carolinaman
Thu Oct 26, 2017 8:08 am
Forum: Personal Consumer Issues
Topic: What is going on with the home insurance rates?
Replies: 53
Views: 5126

Re: What is going on with the home insurance rates?

I have received quotes from 3 companies for homeowners, auto and umbrella. My current insurer, State Farm, asked me to call after 11/1 to get current rates. But based upon what I have so far, there is not big jump in rates in NC.
by carolinaman
Thu Oct 26, 2017 8:04 am
Forum: Investing - Help with Personal Investments
Topic: How Well Do You Know About Retirement Income?
Replies: 40
Views: 4533

Re: How Well Do You Know About Retirement Income?

35 out of 38. My avoidance of annuities and annuity salesman cost me for once.
by carolinaman
Thu Oct 26, 2017 7:37 am
Forum: Investing - Help with Personal Investments
Topic: Should you rebalance when you’re in your seventies?
Replies: 25
Views: 2491

Re: Should you rebalance when you’re in your seventies?

You are in a good position and do not need to re-balance unless you want to.
by carolinaman
Thu Oct 26, 2017 7:30 am
Forum: Investing - Theory, News & General
Topic: The case against leverage...
Replies: 14
Views: 1530

Re: The case against leverage...

Leverage is like a 2-edged sword. It can work for you and it can work against you. I am sure there are some who have used it successfully but it has been the way of financial ruin for many people.
by carolinaman
Thu Oct 26, 2017 7:26 am
Forum: Personal Finance (Not Investing)
Topic: Questions regarding Inheritance and taxes
Replies: 12
Views: 1139

Re: Questions regarding Inheritance and taxes

First, I am very sorry for the mother and family affected by this. I copied this from TurboTax which explains gift tax: The gift tax only kicks in after lifetime gifts exceed $5.49 million in 2017 The first thing to know about the federal gift tax is that gift givers—not gift recipients—have to pay ...
by carolinaman
Wed Oct 25, 2017 7:22 am
Forum: Personal Finance (Not Investing)
Topic: What information needed for insurance (auto; home; liability) quotes
Replies: 6
Views: 440

Re: What information needed for insurance (auto; home; liability) quotes

I am going through that process right now. I have talked to 4 companies so far. Have a copy of your policies handy as you talk to companies for quotes. Once the companies properly identify you, they have access to a lot of information about you online. There was some variation in questions from the ...
by carolinaman
Sun Oct 22, 2017 6:44 am
Forum: Personal Finance (Not Investing)
Topic: Do you worry about linking external accounts?
Replies: 6
Views: 976

Re: Do you worry about linking external accounts?

I do not link my checking/bank accounts with any of my investment accounts. IMO, the risk far outweighs the benefits, i.e. convenience. Also, I have a HELOC with a large credit limit. This initially was setup so I could transfer funds to my checking online. I had that link disconnected. Whenever I u...
by carolinaman
Sun Oct 22, 2017 6:40 am
Forum: Investing - Help with Personal Investments
Topic: Altering AA for retirement
Replies: 5
Views: 713

Re: Altering AA for retirement

Proposed 60% equity/40% fixed seems aggressive for someone who has 40%/60% AA and is now retired. I understand you will be living off pension and dividends, but if you were 40/60 before, why would you be comfortable with 60/40 in retirement?
by carolinaman
Sun Oct 22, 2017 6:32 am
Forum: Personal Consumer Issues
Topic: Costco auto buying service vs All State car buying services???
Replies: 12
Views: 1516

Re: Costco auto buying service vs All State car buying services???

I have found that I can do better myself. But I need to do my research and test comparable cars before I start negotiating. I know which dealers in our area are willing to offer good discounts. Once I know what I want and what a good price for it is, I go to dealer and negotiate. Dealers want you to...
by carolinaman
Fri Oct 20, 2017 11:10 am
Forum: Personal Finance (Not Investing)
Topic: CFP vs DIY [Certified Financial Planner vs. Do It Yourself]
Replies: 5
Views: 555

Re: CFP vs DIY [Certified Financial Planner vs. Do It Yourself]

I agree with others that tax planning can be a big deal for many investors and determining the optimum strategies to minimize taxes can be complicated. I would recommend engaging either a CFP or CPA well in advance of retirement (5 to 10 years) to review your plans and help develop appropriate tax s...
by carolinaman
Wed Oct 18, 2017 10:25 am
Forum: Personal Finance (Not Investing)
Topic: how long did it take to get used to retirement
Replies: 105
Views: 10107

Re: how long did it take to get used to retirement

I retired from my job 3 months ago at age 59. Although I gave it a lot of thought before I actually pulled the trigger and had 3 trips planned immediately so that I was retiring TO something I am now home and experiencing let down. I guess I was just delaying the inevitable by keeping myself so bus...
by carolinaman
Wed Oct 18, 2017 5:51 am
Forum: Personal Finance (Not Investing)
Topic: how long did it take to get used to retirement
Replies: 105
Views: 10107

Re: how long did it take to get used to retirement

I have been retired almost 7 years. The first 2 years were extremely busy. I was taking care of my sick mother in another state, also did a lot of remodeling and honeydo work, did some volunteering and was still involved in a couple of professional organizations. As all that wound down by the 3rd ye...
by carolinaman
Tue Oct 17, 2017 7:15 am
Forum: Investing - Theory, News & General
Topic: Swedroe: ‘Sure Things’ Check-In
Replies: 8
Views: 1935

Re: Swedroe: ‘Sure Things’ Check-In

We would be much closer to a "sure thing" if we invested (bet) opposite of these gurus predictions. At a success rate of 25%, the opposite position has won 75% of time. Pretty good odds.
by carolinaman
Sat Oct 14, 2017 10:03 am
Forum: Personal Finance (Not Investing)
Topic: Roth conversions...did I miss the boat?
Replies: 8
Views: 1735

Re: Roth conversions...did I miss the boat?

Large IRA balances can be problematic for retirees once RMDs start. They can push you into a higher tax bracket. Also, when one of you dies, the other will be single and likely subject to even higher taxes. RMDs at that time can exacerbate your tax problem. The main thing is to minimize your taxes o...
by carolinaman
Sat Oct 14, 2017 9:48 am
Forum: Personal Finance (Not Investing)
Topic: Annuities - how does insurance company know you died?
Replies: 49
Views: 2905

Re: Annuities - how does insurance company know you died?

I know some companies do a match of their accounts against SS records once a year to find anyone who has died in the past year. I assume insurance companies would do that for annuities. This will obviously flag any deaths within the past year and stop future payments. I am sure there would be effort...
by carolinaman
Sat Oct 14, 2017 7:01 am
Forum: Investing - Help with Personal Investments
Topic: Bonds v. bond funds
Replies: 36
Views: 2033

Re: Bonds v. bond funds

Bond funds provide greater diversification and better pricing. If you are buying new issued treasuries direct, price doesn't matter. But there is a spread between buy and sell on most bonds, and the difference is often significant and rather opaque. Bond funds, due to their expertise and buying powe...
by carolinaman
Thu Oct 12, 2017 7:48 am
Forum: Personal Finance (Not Investing)
Topic: Best Career Advice for those over "50"
Replies: 60
Views: 6475

Re: Best Career Advice for those over "50"

Keep your skills current and marketable and have a good network of people in your line of work. In your job, maintain good relations with your boss and colleagues. Make yourself valuable to the company and be willing to take on extra work. One problem some workers have is that once they reach a cert...
by carolinaman
Thu Oct 12, 2017 7:24 am
Forum: Personal Finance (Not Investing)
Topic: Major home maintenance vs return on investment
Replies: 7
Views: 945

Re: Major home maintenance vs return on investment

I would have the waterproofing company assess this problem. It sounds like a warranty issue they should be responsible for. Regardless, you should be able to get an assessment of the problem from them before doing anything else. Water problems never get better on their own and tend to get much worse...
by carolinaman
Wed Oct 11, 2017 8:28 am
Forum: Personal Consumer Issues
Topic: Best weight loss resources?
Replies: 54
Views: 2501

Re: Best weight loss resources?

I was diagnosed with GERD and Short Segment Barrett's Esophagus (pre cancerous) 5 years ago. I was having asthma like symptoms after most meals. I was not overweight but needed to change my diet. Fried foods, chocolate, alcohol, high fat foods and sweets had to be eliminated or dramatically reduced ...
by carolinaman
Wed Oct 11, 2017 8:03 am
Forum: Investing - Theory, News & General
Topic: List some positive aspects about financing retirement
Replies: 4
Views: 944

Re: List some positive aspects about financing retirement

I disagree with your comment about sequence of returns being a strawman, but others have made good rebuttals on that. The key to a good retirement is good planning and long term preparation. Someone who does not get serious about retirement until a few years in advance may find their retirement is i...
by carolinaman
Mon Oct 09, 2017 6:50 am
Forum: Personal Finance (Not Investing)
Topic: (24M) - Should I take a pay cut for a new career path with a better payoff?
Replies: 21
Views: 2461

Re: (24M) - Should I take a pay cut for a new career path with a better payoff?

I would make the switch now while you are young and can do it unencumbered by a lot of financial responsibilities. My experience with the big 4 type consulting firms is that unless you are going to make a run at partnership, you will probably end up working somewhere else at some point anyway as th...
by carolinaman
Sun Oct 08, 2017 11:59 am
Forum: Investing - Theory, News & General
Topic: Has your "risk tolerance" been tested?
Replies: 105
Views: 6778

Re: Has your "risk tolerance" been tested?

I was ok with 2001 market downturn but did not handle 2008 as well. I finally capitulated and sold about half my equity in March 2009. Great timing, right? I actually had planned to retire at end of 2008, but decided to work a couple of more years to recoup some of my losses. One thing people should...
by carolinaman
Fri Oct 06, 2017 9:12 am
Forum: Personal Finance (Not Investing)
Topic: Retirees, how and how much do you pay for health insurance?
Replies: 33
Views: 4093

Re: Retirees, how and how much do you pay for health insurance?

Me, age 73, retired: I pay Medicare Part B $112 per month, previous employer provides Medicare supplement and drug coverage at no cost to me except small co-pays. Wife, age 74: Medicare B $112 month, Medicare Plan F $222 month, Part D $29 month. Total = $446 month, $5,352 annually. We pay as we go f...
by carolinaman
Fri Oct 06, 2017 8:57 am
Forum: Personal Consumer Issues
Topic: Musty smell in a bedroom
Replies: 6
Views: 1195

Re: Musty smell in a bedroom

Are you sure this is the source of the musty smell? Do you have a crawl space? I ask because musty smell can also come from poorly ventilated crawl space, especially with the conditions you cited.