Search found 1590 matches

by vested1
Sat Dec 08, 2018 7:54 pm
Forum: Personal Finance (Not Investing)
Topic: Rental Car Damage Issue
Replies: 69
Views: 3993

Re: Rental Car Damage Issue

My last rental entailed picking up the car in their lot with no attendant, and returning it the same way. In both instances there was only one person at the counter with no other employee working so they couldn't leave the counter. This was Budget/Alamo at the airport. I took pictures before and aft...
by vested1
Fri Dec 07, 2018 11:45 am
Forum: Personal Consumer Issues
Topic: California 8 days road trip LA-SFO
Replies: 40
Views: 2096

Re: California 8 days road trip LA-SFO

If you're going to stop in Monterey I would consider staying at one of the bed and breakfast places near Lover's Point in Pacific Grove (PG). You can rent kayaks at lover's point or at the kayak shop near the wharf. There are so many great restaurants that it's hard to pick the best. The Fishwife in...
by vested1
Fri Dec 07, 2018 11:02 am
Forum: Investing - Theory, News & General
Topic: Where did you think we'd be today, ten years ago?
Replies: 38
Views: 2842

Re: Where did you think we'd be today, ten years ago?

Ten years ago (next April) I retired from megacorp having been lured away with promises that were never kept. Worked another 7 years for three different firms who were progressively more corrupt than the previous one. I was lucky to have received a lump sum retirement from megacorp, which I invested...
by vested1
Sun Dec 02, 2018 10:43 am
Forum: Investing - Theory, News & General
Topic: "The Steak Dinner Annuity Pitch"
Replies: 60
Views: 7153

Re: "The Steak Dinner Annuity Pitch"

Recent thread on this very topic, most thought it was a good idea to get a free meal. I view it at 100% unethical. It's ethical to attend when you are doing so in order to protect vulnerable seniors by disputing the lies told by the presenter. IMHO if you are only going for the free meal you should...
by vested1
Thu Nov 29, 2018 9:12 am
Forum: Investing - Help with Personal Investments
Topic: Pay off Mortgage - performing mortgage
Replies: 27
Views: 2217

Re: Pay off Mortgage - performing mortgage

Since banks do sell loans - can’t I somehow convince them to sell the loan to me, at a discount? I don’t know how to go about doing that - since they typically bulk sell them I'd like to be a fly on the wall for that conversation. Why don't you skip the middleman and loan it to yourself? :twisted:
by vested1
Wed Nov 28, 2018 9:20 am
Forum: Personal Consumer Issues
Topic: Leveling basement floor
Replies: 15
Views: 1081

Re: Leveling basement floor

Just as an alternative, IF it does not matter to you depending on the height of ceiling, where floor meets wall, moisture, etc. You "could" lay a sleeper floor with (2x4s and 3/4 inch plywood) over the existing concrete, making it flat and level at the same time. Then lay the laminate on top. Just ...
by vested1
Wed Nov 28, 2018 9:00 am
Forum: Personal Finance (Not Investing)
Topic: Employeer taking vacation days on public holidays - is this legal or normal?
Replies: 99
Views: 7404

Re: Employeer taking vacation days on public holidays - is this legal or normal?

What's next, telling employees that they are required to take a PTO day for Sundays when it's a normal day off? Easy peasy, 3 weeks of Sundays (15) and you're out of PTO days. Work 4 days a week and the employer pays you for 5 until your PTO runs out, plus they never have to deal with that pesky und...
by vested1
Sun Nov 25, 2018 10:42 am
Forum: Personal Consumer Issues
Topic: What’s your “barometer” for luxury purchases?
Replies: 72
Views: 5468

Re: What’s your “barometer” for luxury purchases?

One of my daughters recently commented that I am "strategic" in my approach to finances. It wasn't a compliment, so I'll translate to English: "cheap". She may appreciate my "strategic" nature someday after my wife and I are gone, but if she doesn't it won't really matter or change my approach to th...
by vested1
Wed Nov 21, 2018 11:03 am
Forum: Investing - Help with Personal Investments
Topic: Current Retirees: Do you touch your principal?
Replies: 79
Views: 8228

Re: Current Retirees: Do you touch your principal?

Focusing on portfolio withdrawals in isolation from the bigger picture can lead to undesirable consequences IMHO. To answer the OP's question, yes, we've withdrawn from principle, even more than what is commonly suggested as "safe" during the first 3 years of retirement. However, net worth continues...
by vested1
Tue Nov 20, 2018 10:48 am
Forum: Personal Finance (Not Investing)
Topic: Real estate capital gains - advice needed
Replies: 10
Views: 1250

Re: Real estate capital gains - advice needed

We're going through this right now. Gill is correct IMHO. Consulting a good CPA who is knowledgeable in the filing rules of the State where the house is located is essential. My MIL died at the end of July and the condo was in a Life Estate, which should be about the same as being named as co-owner,...
by vested1
Sat Nov 17, 2018 4:06 pm
Forum: Personal Consumer Issues
Topic: Home sale etiquette: wall repair
Replies: 53
Views: 3634

Re: Home sale etiquette: wall repair

We have a condo in escrow right now, sold As Is. The buyer and their agent seemed to be confused by this term, as they got upset when they were told that we wouldn't be removing the worn out rugs, bathroom linoleum, or toilets. They bought out our pre-paid contract for new vinyl plank flooring, incl...
by vested1
Fri Nov 16, 2018 11:31 am
Forum: Personal Finance (Not Investing)
Topic: Accuracy of Zillow/Trulia/Redfin Estimates
Replies: 51
Views: 4578

Re: Accuracy of Zillow/Trulia/Redfin Estimates

I'm a real estate broker and thought it would be interesting to look at the Zestimate history for a home that closed today. 9/30 - Zestimate was $421k. 10/19 - Home was listed for $510k. 10/31 - Zestimate increased to $482k. 11/15 - Sold for $513k. Something I thought was interesting is the compara...
by vested1
Thu Nov 15, 2018 11:02 am
Forum: Personal Finance (Not Investing)
Topic: Medicare considerations for person with employer insurance
Replies: 15
Views: 890

Re: Medicare considerations for person with employer insurance

It really depends on the details of the Employers' Health care plans. I received an incentive from my current employer to use a healthcare plan from my previous employer. But this changed when I turned 65 and the former plan required me to enroll into Medicare. So I enrolled in my current employer'...
by vested1
Thu Nov 15, 2018 10:35 am
Forum: Personal Finance (Not Investing)
Topic: Accuracy of Zillow/Trulia/Redfin Estimates
Replies: 51
Views: 4578

Re: Accuracy of Zillow/Trulia/Redfin Estimates

We have had two houses on the market in the past couple of years in different states. In both, Realtors were negative about both Zillow and Trulia estimates, saying that the geographical areas used to create estimates were too broad and diverse. We were with two, very large real estate companies, a...
by vested1
Wed Nov 14, 2018 5:01 pm
Forum: Investing - Theory, News & General
Topic: Are you all staying the course?
Replies: 114
Views: 7210

Re: Are you all staying the course?

Retired for almost 3 years, 60/40 and not even looking for the last few months while invested in a 3 fund portfolio. I planned out withdrawals for the next 4 years in early 2018, including tax liability, which will be revised shortly. We are fortunate to have a 120k+ windfall coming our way which me...
by vested1
Wed Nov 14, 2018 4:40 pm
Forum: Personal Finance (Not Investing)
Topic: Accuracy of Zillow/Trulia/Redfin Estimates
Replies: 51
Views: 4578

Re: Accuracy of Zillow/Trulia/Redfin Estimates

Comparison of the values between the 3 sites. I don't want to list the value, so this # is just the difference between my tax appraisal vs. the estimates from each site for my home east of Seattle: Trulia: +200k Zillow: +200k Redfin: -100k I feel like Redfin is closer to reality than the other two....
by vested1
Wed Nov 14, 2018 4:35 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare considerations for person with employer insurance
Replies: 15
Views: 890

Re: Medicare considerations for person with employer insurance

The answer is highly dependent on the individual plan. Most retiree plans force the former employee to transition to Medicare, parts B, supplemental and Part D, or Medicare Advantage for supplemental and prescription coverage if available in your area. For active workers most employer plans continue...
by vested1
Wed Nov 14, 2018 11:56 am
Forum: Personal Finance (Not Investing)
Topic: Accuracy of Zillow/Trulia/Redfin Estimates
Replies: 51
Views: 4578

Accuracy of Zillow/Trulia/Redfin Estimates

I've read a few threads here where members are saying that Zillow is fairly accurate for their home's estimated value, and that they use it to keep abreast of their home's market value. That isn't the case where I live (central coast of California), and I would be interested in the opinion of others...
by vested1
Tue Nov 13, 2018 11:31 am
Forum: Investing - Help with Personal Investments
Topic: Social Security Question
Replies: 8
Views: 977

Re: Social Security Question

Here is a handy link that will show the percentage of reduction of your PIA (amount of benefit at your FRA) for every month from your age 62 to your FRA of 66 years, 4 months if you decided to file prior to FRA. The 8% increase in PIA is per year after you reach FRA, but the benefit is increased on ...
by vested1
Thu Nov 08, 2018 7:40 am
Forum: Investing - Help with Personal Investments
Topic: Take SS or do Roth conversion
Replies: 8
Views: 1321

Re: Take SS or do Roth conversion

What is your husband's current age? If you file at your FRA for your own benefit, he may be able to file a restricted application and get 1/2 of your PIA (age 66 amount) benefit at his FRA, or as soon as you file if he is older than you. He needs to have been at least age 62 on January 2nd 2016 in o...
by vested1
Wed Nov 07, 2018 5:06 pm
Forum: Personal Finance (Not Investing)
Topic: How much money are you leaving your kids after you die?
Replies: 234
Views: 15013

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

"How much money are leaving us when you die? The question my kids asked me at ages 6 and 9 because my ex had already started using a possible inheritance from her as a carrot on the end of a very long stick. My answer: Nothing. After they calmed down from their wailing hysterics I used the opportuni...
by vested1
Wed Nov 07, 2018 4:42 pm
Forum: Personal Finance (Not Investing)
Topic: Are we in trouble?
Replies: 106
Views: 12884

Re: Are we in trouble?

Property taxes $652 a year. Gotta love that prop 13.... Just to be clear, that prop tax is what the current owner paid. The new owners will pay around 1.2% of the new assessed value. Prop 13 also allows a 2% increase/year for inflation, etc, and new bonds and other local taxes can also be added on ...
by vested1
Tue Nov 06, 2018 6:12 pm
Forum: Personal Finance (Not Investing)
Topic: Are we in trouble?
Replies: 106
Views: 12884

Re: Are we in trouble?

Anecdotal I know, but our in-laws have been trying to sell their beautiful home in Texas in a great area for about 6 months, 4 bed 3 bath with two masters, 2,700 square ft, about 7 years old and a showplace. They have modestly reduced the price several times, and it's now listed at $355k, and they c...
by vested1
Sun Nov 04, 2018 10:23 am
Forum: Personal Finance (Not Investing)
Topic: Group life insurance through work
Replies: 20
Views: 1581

Re: Group life insurance through work

The answer is, it depends. If you get the group life insurance through your employer you may get lower insurance rates for the death benefits provided, but may find yourself without life insurance, or having a shrinking pay out once you reach age 65. At age 65 it's a lot harder and more expensive to...
by vested1
Fri Nov 02, 2018 10:22 am
Forum: Personal Consumer Issues
Topic: The most you ever paid for a prescription
Replies: 80
Views: 3618

Re: The most you ever paid for a prescription

With no insurance Medicare.gov shows just one of my wife's prescriptions at over $74,000 a year. The cheapest Part D we could find for her is $5,811 a year with premiums and co-pays. The co-pay for the single drug is around $5,300 a year. Stopping the medication is not an option as it keeps my wife ...
by vested1
Thu Nov 01, 2018 8:33 am
Forum: Investing - Help with Personal Investments
Topic: How to calculate SS at age 64
Replies: 4
Views: 722

Re: How to calculate SS at age 64

Here is a link from a SSA page that identifies the percentage of reduction of SS benefits by month for someone in your wife's age group. https://www.ssa.gov/planners/retire/1943.html First, determine what your wife's PIA (Primary Insurance Amount) is, which is the amount she is estimated to be eligi...
by vested1
Wed Oct 31, 2018 6:25 pm
Forum: Personal Finance (Not Investing)
Topic: Struggling with Medicare Plan G vs Plan N
Replies: 63
Views: 3506

Re: Struggling with Medicare Plan G vs Plan N

My wife and I went with two AARP UHC (community rated) plan N's for $88 each through her previous employer and two Part D plans through my previous employer for $19.10 (me) Aetna and $29.90 (wife) Humana Walmart. She didn't have the same Part D plans available because of her outrageous co-pays on on...
by vested1
Tue Oct 30, 2018 11:19 am
Forum: Personal Finance (Not Investing)
Topic: Question on dual HRA offerings
Replies: 9
Views: 715

Re: Question on dual HRA offerings

Edited (In Blue) It turns out that both my wife's and my own previous employer only require that you have either Medigap or Part D with them to get the full HRA. I signed us both up for an AARP Plan N at $88 a month each with good coverage from my wife's previous employer. That gives us $7,000 combi...
by vested1
Mon Oct 29, 2018 10:21 am
Forum: Personal Consumer Issues
Topic: When to get a new toilet?
Replies: 52
Views: 3901

Re: When to get a new toilet?

I always replace worn out parts for our toilets myself. We are selling my deceased MIL's condo in January and will likely sell our own home in the spring (both in California). Between the 2 homes, there are 4 toilets, all Kohler. You can always get parts for Kohler as well as Toto. Our hard water ta...
by vested1
Mon Oct 29, 2018 9:48 am
Forum: Personal Consumer Issues
Topic: Advise on getting a cheap new flooring
Replies: 21
Views: 1945

Re: Advise on getting a cheap new flooring

For the OP: We are fixing up a 2 bed 2 bath condo for sale, ripping out the carpet and placing vinyl plank flooring in all rooms. We are matching the recently installed flooring that was placed in the kitchen and master bath. I'm personally ripping out the carpet, replacing the toilets, painting the...
by vested1
Sat Oct 27, 2018 10:37 am
Forum: Personal Consumer Issues
Topic: What is a reasonable housecleaning cost?
Replies: 27
Views: 2492

Re: What is a reasonable housecleaning cost?

Crew of two for a smallish 3 bed 2 bath home of 1370 sq ft. We pay $20 an hour per person for a thorough cleaning every three weeks. Retired, no kids at home. That works out to $140 every time they come (3.5 hours total labor x $40 an hour combined for two workers), and since we're fairly neat the h...
by vested1
Fri Oct 26, 2018 4:59 pm
Forum: Personal Finance (Not Investing)
Topic: Question on dual HRA offerings
Replies: 9
Views: 715

Re: Question on dual HRA offerings

Update for those who may appreciate a reference on the original question of dual HRA offerings from different employers if it ever comes up for them. It turns out that both my wife's and my own previous employer only require that you have either Medigap or Part D with them to get the full HRA. I sig...
by vested1
Fri Oct 26, 2018 4:16 pm
Forum: Personal Consumer Issues
Topic: "Donating" unused family burial "spots"
Replies: 21
Views: 1757

Re: "Donating" unused family burial "spots"

dm200, These weren't part of a will or estate. I'm going by what the cemetery administrator told me I had to do to donate the remaining space back to the city. I only knew about the plots because somebody looked through my father's papers and found and envelope with a cemetery deed inside. I would ...
by vested1
Fri Oct 26, 2018 10:16 am
Forum: Personal Consumer Issues
Topic: "Donating" unused family burial "spots"
Replies: 21
Views: 1757

Re: "Donating" unused family burial "spots"

I am handling all aspects of my recently deceased MIL's affairs. I'm doing this to alleviate stress for my spouse and because all of her siblings live far away. My mil owned a niche at the city cemetery but had decided some time previous to her death that she wanted her cremated remains scattered at...
by vested1
Wed Oct 24, 2018 5:00 pm
Forum: Personal Finance (Not Investing)
Topic: Retirees: What keeps you up at night?
Replies: 56
Views: 6139

Re: Retirees: What keeps you up at night?

What keeps me up at night is post season baseball. I was at Fenway Park last night and didn't get home until 1 AM. Didn't get to bed till a while later... I worry that the Dodgers won't win another World Series. They've come close in the last couple attempts but another team keeps stealing the trop...
by vested1
Wed Oct 24, 2018 9:13 am
Forum: Investing - Help with Personal Investments
Topic: Schwab Intelligent Portfolio is crashing...
Replies: 36
Views: 3956

Re: Schwab Intelligent Portfolio is crashing...

You will always be disappointed if you compare your highest balance to anything less. As Morgan Dollar 1921 stated, you are down approximately 3.5% from the balance you had when you moved to SIP. I would suggest that you make a plan with reasonable expectations based on a long term timeline. If, for...
by vested1
Thu Oct 18, 2018 3:35 pm
Forum: Personal Consumer Issues
Topic: Jury duty - already booked vacation
Replies: 51
Views: 5558

Re: Jury duty - already booked vacation

I've been on several juries and always enjoyed it, especially the attempted murder case. I had a boss in the past who told me to throw my jury summons in the trash, which of course I refused to do. He said he always threw his away, and I informed him that if he was ever stopped by a traffic cop he w...
by vested1
Thu Oct 18, 2018 3:13 pm
Forum: Personal Consumer Issues
Topic: unlicensed repair guy possibly spent our material deposit
Replies: 25
Views: 2990

Re: unlicensed repair guy possibly spent our material deposit

dm200 wrote:
Thu Oct 18, 2018 3:10 pm
Depending on the nature of the contractor and the applicable state and local rules, being "licensed" may not be necessary (or even available) in some jurisdictions.
The OP stated that this work is being done in California.
by vested1
Thu Oct 18, 2018 3:08 pm
Forum: Personal Consumer Issues
Topic: unlicensed repair guy possibly spent our material deposit
Replies: 25
Views: 2990

Re: unlicensed repair guy possibly spent our material deposit

You didn't mention if the contractor is licensed or not. edit: (Just noticed your thread title that states the contractor is unlicensed) I would ask him about that, and if he has a license, get the number for your own protection. If he is unlicensed he can only charge $500 for labor AND materials on...
by vested1
Thu Oct 18, 2018 10:28 am
Forum: Personal Finance (Not Investing)
Topic: Did you retire because you hit your number?
Replies: 71
Views: 6633

Re: Did you retire because you hit your number?

My initial number was modest, so I continued to move the goal posts to what I considered impossible to reach. We were within 40k of our ultimate number when my new job environment became too toxic to endure. That, along with the lies I was told about the ability to work from home, rather than the re...
by vested1
Tue Oct 16, 2018 11:06 am
Forum: Personal Finance (Not Investing)
Topic: Social Security [impact of earnings on benefits]
Replies: 29
Views: 2853

Re: social security

My return to work is not too realistic unless I find a job I enjoy going to . I had a stressful job that I left about a year and a half ago . Im now 10 pounds lighter with normal blood pressure ( was high) My wife is 57 and will poobably work till she is 66 . She likes working. What is PIA ? If I t...
by vested1
Tue Oct 16, 2018 10:31 am
Forum: Investing - Theory, News & General
Topic: Social Security COLA - how is it applied?
Replies: 13
Views: 1345

Re: Social Security COLA - how is it applied?

I have not been following this thread, but sscritic requested via email that I post the following: Here is an example of the mechanics and how round off works: old PIA 1987.1 Claim 11 months early. fraction is 845/900 or 169/180. Benefit is 1865.67, rounded down to the nearest dollar or 1865. 2.8% ...
by vested1
Sat Oct 13, 2018 10:07 am
Forum: Investing - Theory, News & General
Topic: Who worries about a bear market in stocks?
Replies: 71
Views: 5864

Re: Who worries about a bear market in stocks?

2) (c) Those who stumbled blindly through life, oblivious to the basics of investing and planning for retirement (me). Through sheer luck in timing and the fortunate circumstance of finding this site 6 years prior to retirement I managed to do well before it was too late to do anything about it. I s...
by vested1
Tue Oct 09, 2018 10:43 am
Forum: Personal Finance (Not Investing)
Topic: early retirement for health reasons- pension option ss income leveling?
Replies: 46
Views: 2163

Re: early retirement for health reasons- pension option ss income leveling?

I am currently employed as a nurse midwife but have worn away all the cartilage in my right wrist and there isn't a good surgical solution for me. I have mild arthritis in my left hip, low back and both thumbs. I am also a stage 3 colon cancer survivor (6 years). I actually lead a very healthy and ...
by vested1
Tue Oct 09, 2018 10:32 am
Forum: Personal Finance (Not Investing)
Topic: What is your annual cost for health insurance?
Replies: 137
Views: 10080

Re: What is your annual cost for health insurance?

I thought I were one of the few unlucky that were being ripped off by Obama Care deal. Wow! There are so many unhappy people, yet the government is still running this scam. Yes, I say it is a scam. Here is why: I am 63, my wife 60 and my child is 20 (in college). Before Obama Care we used to pay ab...
by vested1
Tue Oct 09, 2018 10:23 am
Forum: Personal Finance (Not Investing)
Topic: early retirement for health reasons- pension option ss income leveling?
Replies: 46
Views: 2163

Re: early retirement for health reasons- pension option ss income leveling?

I have a student loan for one of my children in the amount of $359 a month for 10 years. Since you seem to be cutting it close I would consider asking the child for whom the student loan was originated to assume the loan. If they graduated they are likely in a better position to pay it off than you...
by vested1
Sun Oct 07, 2018 9:49 am
Forum: Personal Finance (Not Investing)
Topic: What is your annual cost for health insurance?
Replies: 137
Views: 10080

Re: What is your annual cost for health insurance?

Our combined premiums for Medicare Part B and retired employee coverage were $4,456 in 2018. Add another $500 or so for co-pays, so about $5,000 for the year. We were recently informed by her previous employer that their comprehensive coverage that costs $100 a month, and which is creditable for Med...
by vested1
Sat Oct 06, 2018 10:30 am
Forum: Personal Consumer Issues
Topic: Help identify vine in backyard
Replies: 26
Views: 1555

Re: Help identify vine in backyard

It looks like a variety of mint to me. Put on some gloves, snip a leaf, and smell it.
by vested1
Wed Oct 03, 2018 12:16 pm
Forum: Personal Finance (Not Investing)
Topic: Question on dual HRA offerings
Replies: 9
Views: 715

Re: Question on dual HRA offerings

There is no IRS restriction on two spouses having separate HRAs from different employers. In fact an individual can have more that one HRA from different unaffiliated employers. The Medicare Part D "donut holes" goes away in 2019. Are you sure you will still have four figures of prescription out-of...
by vested1
Mon Oct 01, 2018 9:58 am
Forum: Personal Finance (Not Investing)
Topic: Question on dual HRA offerings
Replies: 9
Views: 715

Re: Question on dual HRA offerings

There is no IRS restriction on two spouses having separate HRAs from different employers. In fact an individual can have more that one HRA from different unaffiliated employers. The Medicare Part D "donut holes" goes away in 2019. Are you sure you will still have four figures of prescription out-of...