Search found 2618 matches

by carolinaman
Tue Nov 21, 2017 7:24 am
Forum: Personal Consumer Issues
Topic: What are the things you want to do between 55 and 65?
Replies: 83
Views: 4668

Re: do between 55 and 65?

Oops. Too late. Age 69.05. Time to end it all, I guess. No trip to Español in 2018. No trip to Italia in 2019. My OP did not mean to be anything other than honestly seeking help. My earliest possible retiring age is 55. Since I have not found anything that definitely requires me to quit my job to p...
by carolinaman
Tue Nov 21, 2017 7:00 am
Forum: Personal Finance (Not Investing)
Topic: Should we buy term life insurance?
Replies: 14
Views: 1042

Re: Should we buy term life insurance?

Your estate should provide ample income and resources for your family. However, I think a 10 or 15 year term life policy would still be a good idea because it is cheap at your age and will provide additional income for your family. Depending upon the income proportion from each of you, you could eit...
by carolinaman
Mon Nov 20, 2017 8:13 am
Forum: Personal Finance (Not Investing)
Topic: Tax Returns - How Long Do you Keep?
Replies: 37
Views: 2379

Re: Tax Returns - How Long Do you Keep?

7 years as required by IRS. If IRS finds any problems in the last 3 years, they can go back another 4 years for total of 7 years. That is my understanding.
by carolinaman
Mon Nov 20, 2017 8:01 am
Forum: Personal Consumer Issues
Topic: Are expensive tires worth it?
Replies: 42
Views: 2410

Re: Are expensive tires worth it?

I am a long time user of Michelin tires. Their best tires always have high performance ratings and they have paid off for me several times. One time a driver turned in front of me at an intersection. I just knew I was going to hit her but hit my brakes hard, and to my amazement stopped on a dime avo...
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: 27
Views: 2695

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: 43
Views: 3128

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: 1111

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: 2636

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: 6459

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: 2968

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: 340

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: 621

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: 1204

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: 4006

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: 2701

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: 76
Views: 5547

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: 1083

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: 136
Views: 12690

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: 4305

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: 1911

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: 3592

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: 1301

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: 2142

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: 1698

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: 93
Views: 8260

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: 2111

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: 5800

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: 450

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: 3168

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: 15088

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: 5141

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: 4541

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: 2500

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: 1542

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: 1153

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: 447

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: 983

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: 719

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: 1517

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: 557

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: 10119

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: 10119

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: 1938

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: 1739

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: 2910

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: 2038

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: 6488

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: 947

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: 2519

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: 948

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...