Search found 1500 matches

by vested1
Tue Aug 14, 2018 9:36 am
Forum: Personal Consumer Issues
Topic: Retire in Florida or Alabama?
Replies: 72
Views: 4476

Re: Retire in Florida or Alabama?

My personal opinion is that due to climate change buying beach-front or beach-adjacent property anywhere in the southern half (and possibly even the northern half) of the United States is a risk not worth taking. In 20 years many of those areas will be unrecognizable. At the bare minimum the disrup...
by vested1
Sun Aug 12, 2018 12:18 pm
Forum: Personal Consumer Issues
Topic: Refinishing Exterior Stucco
Replies: 8
Views: 703

Refinishing Exterior Stucco

Looking for advice here. Our home is 50 years old and the exterior stucco on the sides and back of the house had numerous hairline cracks when we moved in 24 years ago. I made matters worse when I tried to patch the cracks, which since I'm no artist, left much to be desired. I painted the house abou...
by vested1
Sat Aug 11, 2018 4:57 pm
Forum: Personal Finance (Not Investing)
Topic: Post Mortem Settlement
Replies: 18
Views: 1548

Re: Post Mortem Settlement

...I've found that regardless of my good intentions, emotions run high at times, and motives are questioned... This is influenced by the fact that it's your wife, not you, who is the blood relative, imo. I think this arrangement invites suspicion and many families would not be comfortable with it. ...
by vested1
Sat Aug 11, 2018 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: Post Mortem Settlement
Replies: 18
Views: 1548

Re: Post Mortem Settlement

- Annuity company notification with forms to fill out by all siblings and one death certificate sent. Ongoing (1/4 of original) payments to 4 siblings for 7 more years. This deferred annuity was a surprise that began disbursement two years ago, and they refuse to send us a contract even though my w...
by vested1
Sat Aug 11, 2018 10:01 am
Forum: Personal Finance (Not Investing)
Topic: Post Mortem Settlement
Replies: 18
Views: 1548

Re: Post Mortem Settlement

Good luck on recovering payment for cemetery plots. My in-law's bought 6 spaces with her sister and husband many years ago. The intent, never documented, was for each to use 3 spaces (pretty funny since SIL had 2 kids and would need 4 spaces, vs. my in-law's needing 3 spaces. SIL, husband and a dau...
by vested1
Sat Aug 11, 2018 9:23 am
Forum: Personal Finance (Not Investing)
Topic: Post Mortem Settlement
Replies: 18
Views: 1548

Re: Post Mortem Settlement

Sorry for your loss. Her July payment from SS was her benefit for the month of June and she was entitled to that. Since she did not live for the entire month of July, any payment received in August should be returned That's not how it worked for my mom and dad, as both passed away near the end of t...
by vested1
Fri Aug 10, 2018 11:13 am
Forum: Personal Finance (Not Investing)
Topic: Post Mortem Settlement
Replies: 18
Views: 1548

Post Mortem Settlement

My MIL passed on at age 95 ten days ago on July 30th, and I've been handling all aspects of the settlement of her affairs. This is largely due to the fact that my wife is the oldest child and that she is the only child of four that still resides locally. I'm trying to relieve the stress on my wife w...
by vested1
Fri Aug 10, 2018 10:10 am
Forum: Personal Finance (Not Investing)
Topic: SS benefit increase from one additional year past FRA delayed until 2019 -- Why?
Replies: 4
Views: 654

Re: SS benefit increase from one additional year past FRA delayed until 2019 -- Why?

Delayed Retirement Credit increases are effective: in January of the year following the year the increment months were earned... Ref: https://secure.ssa.gov/apps10/poms.nsf/lnx/0300615690 The exception being that if you delay SS until age 70, the previous months credits (from your FRA on) you will ...
by vested1
Mon Aug 06, 2018 5:00 pm
Forum: Personal Finance (Not Investing)
Topic: Dear BH, what are non-BH [financial] actions you do?
Replies: 71
Views: 4510

Re: Dear BH, what are non-BH actions you do?

A non-BH action, huh? Frugality isn't given a thought when circumstances such as those below are happening. My wife and I fish lakes in kayaks, take trips in our small trailer, and oh yeah, will welcome our first great-grandchild (a girl) in a few months. Come to think of it, nothing else tops the g...
by vested1
Mon Aug 06, 2018 9:40 am
Forum: Personal Finance (Not Investing)
Topic: Is It Really That Difficult to Apply for Social Security Online?
Replies: 13
Views: 936

Re: Is It Really That Difficult to Apply for Social Security Onine

It is very simple, even though I made a bonehead mistake when I made my initial application for a restricted application. I wouldn't pay a dime for hand holding with your online application. Just make sure that your application states that you are applying for spousal only. Your wife's application w...
by vested1
Mon Aug 06, 2018 9:36 am
Forum: Personal Finance (Not Investing)
Topic: Buying retirement home
Replies: 5
Views: 1030

Re: Buying retirement home

Sorry, the $1.2M is in tax deferred 401k and IRAs so taking $180k from the tax deferred would cause a big tax bill. So we will probably do as you are doing, take $20 to $30k out per year to pay down mortgage and stay in the same tax bracket. Thanks for the response, just want to make sure there are...
by vested1
Mon Aug 06, 2018 9:14 am
Forum: Personal Finance (Not Investing)
Topic: Buying retirement home
Replies: 5
Views: 1030

Re: Buying retirement home

the increased equity will fund the purchase in cash for a new home on a lake in a much lower taxed State. We will need no mortgage, because by May of next year our mortgage balance will be about 125k, giving us almost 500k of equity after commission. This gain will be under the 500k allowable for a...
by vested1
Sun Aug 05, 2018 6:59 pm
Forum: Personal Finance (Not Investing)
Topic: Buying retirement home
Replies: 5
Views: 1030

Re: Buying retirement home

Sorry for the length of the reply. You say your funds are in taxable, but contend you will be hit hard by taxes if you withdraw an additional 20k a year for extra payments. I assume that is either because you will have to pay capital gains on appreciated assets, or that your funds are actually in ta...
by vested1
Wed Aug 01, 2018 8:46 am
Forum: Personal Finance (Not Investing)
Topic: Medicare supplemental, etc.
Replies: 24
Views: 1421

Re: Medicare supplemental, etc.

I'm a Medicare insurance agent. Call your local SHIP. Everyone has different needs. Don't assume you want Medicare supplement or Medicare Advantage until you research both and understand the pros/cons. Thought I missed the SHIP there for a minute. For those unfamiliar with the term, SHIP stands for...
by vested1
Sat Jul 21, 2018 6:48 pm
Forum: Personal Consumer Issues
Topic: Good places to visit within 4-5 hr drive from Atlanta
Replies: 38
Views: 2905

Re: Good places to visit within 4-5 hr drive from Atlanta

Greenville, SC Franklin, Highlands or Cashiers, NC You need to go to the mountains not the coast in August I live 2 hrs NE of ATL on Lake Hartwell and there are recreation opportunities here also. Enjoy the visit Sorry for the hijack. Alright, it's official, I'm envious. We're currently looking for...
by vested1
Sat Jul 21, 2018 10:01 am
Forum: Personal Finance (Not Investing)
Topic: Social security claiming divorced spouse
Replies: 3
Views: 622

Re: Social security claiming divorced spouse

I have a friend: Born 1956 Low PIA. Ex husband likely has the maximum social security earnings (high earner) She was told by social security that she could claim on her own record at 62 or FRA then to “check with her ex husband each year” to see if he has started to claim. Only then, could she clai...
by vested1
Fri Jul 20, 2018 9:39 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard managing portfolio and delaying SS
Replies: 8
Views: 632

Re: Vanguard managing portfolio and delaying SS

I have two questions please: Vanguard offers a portfolio management service for just .3% - For that they will manage my portfolio consisting of a two brokerage accounts, IRA accounts and a 401K account. It seems like a deal! Has any of you Bogleheads had experience with this Vanguard service? My se...
by vested1
Thu Jul 19, 2018 7:47 pm
Forum: Investing - Help with Personal Investments
Topic: How do you handle the urge to DO something?
Replies: 102
Views: 7058

Re: How do you handle the urge to DO something?

Whenever I get the urge to change something I remind myself of how that worked out for me in the past. The word disaster comes to mind. Everyone makes mistakes unless they have been extraordinarily lucky. Until they're not. A retired friend of mine who discusses investing with me often has been frea...
by vested1
Mon Jul 16, 2018 10:02 am
Forum: Personal Consumer Issues
Topic: Bears!!!
Replies: 60
Views: 5215

Re: Bears!!!

I agree that a bear box is you're best solution. Be prepared for a lot of claw marks from frustrated bears. Position the bear box as far from the house as practicable. Alternative which may be cheaper: If you don't have room in the house for an additional chest freezer, and since you don't have a ga...
by vested1
Fri Jul 13, 2018 5:19 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Labeling: "Restricted Application for Spousal Benefit", or Just "Spousal Benefit".
Replies: 3
Views: 486

Re: Social Security Labeling: "Restricted Application for Spousal Benefit", or Just "Spousal Benefit".

The SS reps do indeed try to avoid using the phrase restricted application, and want you to use "spousal only". I think this may be due to the phasing out of "restricted applications" for all those who were younger than 62 on 1/2/16. While most get the application done correctly on the first try, I ...
by vested1
Thu Jul 12, 2018 9:35 am
Forum: Personal Consumer Issues
Topic: Any kayakers here?
Replies: 60
Views: 3476

Re: Any kayakers here?

The other issue is getting the kayak from the car to the water. The wheels work great, sand is sand and rocks can be even worse, not to mention embankments. I think someone is more likely yo injure themselves forging ahead through that because the lifting is daunting and we out thought into it. For...
by vested1
Thu Jul 12, 2018 9:20 am
Forum: Personal Finance (Not Investing)
Topic: Five years to retirement (article)
Replies: 12
Views: 1922

Re: Five years to retirement (article)

"Imagine you're a 60 year old woman making $140,000 a year" "Imagine you own a $500,000 house in New York and pay $25,000 a year in property taxes, insurance, and maintenance." "Imagine you have 1.5 million in retirement savings and have 5 years to go before you reach retirement." Imagine you wrote ...
by vested1
Thu Jul 12, 2018 8:55 am
Forum: Personal Finance (Not Investing)
Topic: Five years to retirement (article)
Replies: 12
Views: 1922

Re: Five years to retirement (article)

The comments section on nytimes.com is more enlightening. +1. Agreed. The comments were enlightening as to the mindset of readers. I am not sure they are totally representative but they seemed more fixated on the $140k salary and $1.5M 401k balance than the principles that apply to people at differ...
by vested1
Tue Jul 10, 2018 12:16 pm
Forum: Personal Consumer Issues
Topic: Any kayakers here?
Replies: 60
Views: 3476

Re: Any kayakers here?

How do you all haul your kayaks? I am thinking of buying a kayak trailer, but since $2000 or more, have been thinking about it for a while. Right now, we mainly kayak at Lake next to our house, but would be fun to do some exploring. On top of our camper shell on a GMC full sized truck, using Yakima...
by vested1
Tue Jul 10, 2018 10:48 am
Forum: Personal Consumer Issues
Topic: Monthly Water Usage
Replies: 61
Views: 4204

Re: Monthly Water Usage

These low amounts are blowing me away. Our bill for last month showed we used 25,000 gallons. At $1.44 per 1000 gallons, that made for $36 in water usage + the $15.29 base water fee + the municipal water tax of $3.08 = $54.37. That was with us running the sprinklers for 20 minutes per zone (we have...
by vested1
Mon Jul 09, 2018 11:28 am
Forum: Personal Consumer Issues
Topic: Any kayakers here?
Replies: 60
Views: 3476

Re: Any kayakers here?

My wife and I, 65/66 and retired, fish freshwater lakes in our individual kayaks. We live by the Pacific Ocean so have been out there quite a few times, even took kayak surfing lessons and deep water recovery classes. We used our canoe for 20 years then graduated to kayaks about 15 years ago. There'...
by vested1
Mon Jul 09, 2018 10:00 am
Forum: Personal Consumer Issues
Topic: What do you pay for home services?
Replies: 55
Views: 3474

Re: What do you pay for home services?

We pay $20 an hour for cleaning per person, so in your case, 12 man hours per month x 20 = $240. I'd say you're getting a deal at $155. We used to pay for gardening while I was still working. Two times a month for 3 hours, $20 and hour, one guy. 6 hours x 20 = $120. How many gardeners are working a...
by vested1
Mon Jul 09, 2018 9:47 am
Forum: Personal Consumer Issues
Topic: Monthly Water Usage
Replies: 61
Views: 4204

Re: Monthly Water Usage

These low amounts are blowing me away. Our bill for last month showed we used 25,000 gallons. At $1.44 per 1000 gallons, that made for $36 in water usage + the $15.29 base water fee + the municipal water tax of $3.08 = $54.37. That was with us running the sprinklers for 20 minutes per zone (we have...
by vested1
Sun Jul 08, 2018 3:04 pm
Forum: Personal Consumer Issues
Topic: What do you pay for home services?
Replies: 55
Views: 3474

Re: What do you pay for home services?

We pay $20 an hour for cleaning per person, so in your case, 12 man hours per month x 20 = $240. I'd say you're getting a deal at $155. We used to pay for gardening while I was still working. Two times a month for 3 hours, $20 and hour, one guy. 6 hours x 20 = $120. How many gardeners are working at...
by vested1
Fri Jul 06, 2018 6:18 pm
Forum: Personal Consumer Issues
Topic: Monthly Water Usage
Replies: 61
Views: 4204

Re: Monthly Water Usage

We use 4 units per month (748 gallons x 4 or 2992 gallons) with drip irrigation and two retired seniors. That's about 100 gallons a day, or 50 gallons per person. $56 a month. During our worst drought in years past there was water rationing of 50 gallons per person per day, and you had to prove how ...
by vested1
Thu Jul 05, 2018 7:16 pm
Forum: Personal Consumer Issues
Topic: AAA? What to do in car emergencies?
Replies: 112
Views: 7950

Re: AAA? What to do in car emergencies?

Aside from AAA, does anyone else here uses Good Sam? If yes, how does it compare to the services offered by AAA? Good Sam's Auto Roadside Assistance Platinum plan offers unlimited towing miles for around the same price as the AAA Plus plan. I'm on the Platinum plan, but have not had to use their se...
by vested1
Thu Jul 05, 2018 7:07 pm
Forum: Personal Consumer Issues
Topic: Cannot install hardwood on curved floor?
Replies: 15
Views: 1239

Re: Cannot install hardwood on curved floor?

My nephew is a very skilled long term carpenter (his profession) and together we installed the wood floor in our living room. I have a long curved hearth on the curved fireplace, which I thought would be a nightmare when installing the floor. He measured the pad and the flooring, drew a line for the...
by vested1
Thu Jul 05, 2018 6:36 pm
Forum: Investing - Theory, News & General
Topic: SS taken at 62 vs. 70, but measured from 70+
Replies: 189
Views: 11610

Re: SS taken at 62 vs. 70, but measured from 70+

This bird in the hand attitude is a viable choice, but so is the more conservative and guaranteed increase in benefits that comes as a reward for patience. How is it "guaranteed" ? Social Security website currently tells me they will have to reduce benefits to 75% in 2035. https://www.ssa.gov/polic...
by vested1
Thu Jul 05, 2018 10:42 am
Forum: Personal Finance (Not Investing)
Topic: Retirement Destination - are you happy with your choice?
Replies: 127
Views: 15661

Re: Retirement Destination - are you happy with your choice?

Most people, when they hear we are considering moving are astonished because of our perfect weather on the central coast of California, and yes, it's perfect (if you like mild and boring). Not sure where we'll end up, but the south east is our newest obsession. We are outdoors enthusiasts, specifica...
by vested1
Wed Jul 04, 2018 11:40 am
Forum: Investing - Theory, News & General
Topic: SS taken at 62 vs. 70, but measured from 70+
Replies: 189
Views: 11610

Re: SS taken at 62 vs. 70, but measured from 70+

So spending down portfolio assets in lieu of taking SS early is a better option for everyone? No one said life was over at 66.5 years. I do not want to work that extra 4.5 years and would rather enjoy life. Not all of us have deca-million dollar portfolios. I am not interested in burning up my reti...
by vested1
Wed Jul 04, 2018 11:29 am
Forum: Personal Consumer Issues
Topic: AAA? What to do in car emergencies?
Replies: 112
Views: 7950

Re: AAA? What to do in car emergencies?

AAA insures our 2 cars, travel trailer, and home. When is the last time you shopped around for insurance? I had AAA for years. But shopping around, I found that they are much more expensive then some of their competitors. I'm on GEICO now. If I had AAA, I'd be paying well over $1,000 more in premiu...
by vested1
Wed Jul 04, 2018 11:07 am
Forum: Investing - Theory, News & General
Topic: SS taken at 62 vs. 70, but measured from 70+
Replies: 189
Views: 11610

Re: SS taken at 62 vs. 70, but measured from 70+

... It is more likely that I'll be reassured that I left a more certain stream of income to my wife. As an old geezer who took SS at the first opportunity, and left my money in my portfolio, I am certain that the stream of income from the portfolio will benefit my wife, our children and our grandch...
by vested1
Wed Jul 04, 2018 10:43 am
Forum: Investing - Theory, News & General
Topic: SS taken at 62 vs. 70, but measured from 70+
Replies: 189
Views: 11610

Re: SS taken at 62 vs. 70, but measured from 70+

When I was young I was convinced that I would die at age 56 for some reason. I considered 56 old age. When I passed that age I gave up prognosticating my death and accepted the fact that I didn't know how long I'd live. I turned 66 (FRA) on Monday and got my confirmation snail mail from SS on my bir...
by vested1
Wed Jul 04, 2018 10:24 am
Forum: Investing - Theory, News & General
Topic: SS taken at 62 vs. 70, but measured from 70+
Replies: 189
Views: 11610

Re: SS taken at 62 vs. 70, but measured from 70+

When considering at what age to take SS one should consider other things than just $$$. First and foremost would be quality of life. How long do you think it will be for you before your daily routine revolves around doctors office visits instead of enjoyable activities? Sure you will get a larger p...
by vested1
Tue Jul 03, 2018 2:15 pm
Forum: Personal Consumer Issues
Topic: AAA? What to do in car emergencies?
Replies: 112
Views: 7950

Re: AAA? What to do in car emergencies?

I pay for the premium level. AAA insures our 2 cars, travel trailer, and home. If I break down on the road in my truck while towing the trailer they will tow the truck and the trailer 200 miles for free. Their insurance coverage and overall service has been outstanding. They also provide free identi...
by vested1
Tue Jul 03, 2018 10:09 am
Forum: Investing - Theory, News & General
Topic: Tariffs/Inflation/Rates
Replies: 24
Views: 1778

Re: Tariffs/Inflation/Rates

It's amazing the disinformation in the media that leads young people to believe that tariffs are something new. Tariffs have always been around and they've tended to be unequal to the USA, for example US tariffs on European car imports have been 2.5%, while at the same time, European tariffs on US ...
by vested1
Tue Jul 03, 2018 9:53 am
Forum: Investing - Help with Personal Investments
Topic: What’s your plan for a market downturn?
Replies: 114
Views: 9668

Re: What’s your plan for a market downturn?

It's likely a different answer depending on your status as a worker or a retiree. If I was still working I would increase my contributions in a downturn periodically until maxed out based on my predetermined AA. Since my wife and I are retired we will just keep doing what we're doing; rebalancing wh...
by vested1
Mon Jul 02, 2018 2:50 pm
Forum: Personal Finance (Not Investing)
Topic: Applying for Social Security Online
Replies: 33
Views: 3378

Re: Applying for Social Security Online

My update as well: I was assured that my restricted application was approved when he called me back an hour later, and was told I would be receiving one more letter at the end of June. This letter is supposed to verify my application in writing, the exact amount, which is 1/2 of my wife's PIA minus...
by vested1
Mon Jul 02, 2018 8:56 am
Forum: Personal Finance (Not Investing)
Topic: Reverse mortgage for purchase
Replies: 15
Views: 1188

Re: Reverse mortgage for purchase

This isn't how a reverse mortgage for purchase works. You can't have two mortgages on the property. You take the proceeds from the sale and put this down as a downpayment -- the amount required varies by age, but the formula another poster laid out is basically right. It will be somewhere in the 30...
by vested1
Mon Jul 02, 2018 8:15 am
Forum: Investing - Theory, News & General
Topic: Tariffs/Inflation/Rates
Replies: 24
Views: 1778

Re: Tariffs/Inflation/Rates

Interesting. Thanks for the input. One off increases in prices eg due to a fall in exchange rates or a rise in tariffs usually don't vex Central Banks. One off is interesting. A one off that is temporary I can understand, but if its a one off that's a 'permanent' increase shouldn't the Central Bank...
by vested1
Sun Jul 01, 2018 5:57 pm
Forum: Personal Finance (Not Investing)
Topic: Filing Restricted SS Application - Language Check
Replies: 41
Views: 3964

Re: Filing Restricted SS Application - Language Check

My wife will be filing for restricted benefits shortly at her FRA of 66. I am already receiving my benefits and have reached FRA. Currently, my wife's medicare charges are auto deducted from our checking account. I have seen others posting about the transition from paying quarterly. Just wanted to ...
by vested1
Sun Jul 01, 2018 10:52 am
Forum: Personal Finance (Not Investing)
Topic: Filing Restricted SS Application - Language Check
Replies: 41
Views: 3964

Re: Filing Restricted SS Application - Language Check

So I reach my FRA on July 27th, 2018. My wife is now receiving social security that she took at 66. I am still working getting over 145K per year. I was planning to file online on about Aug6th to get my SIB. My question is - there should be no issue with me filing in August against my wifes' Social...
by vested1
Sun Jul 01, 2018 10:39 am
Forum: Personal Finance (Not Investing)
Topic: What are your property taxes?
Replies: 212
Views: 13519

Re: What are your property taxes?

How meaningful is this survey? Real estate taxes generally have some relation to the value of the property and vary widely by municipality. How much anyone pays while knowing nothing else has no significance. Gill Pretty meaningful in my opinion. My property tax is .45% of current assessed value du...
by vested1
Sun Jul 01, 2018 9:56 am
Forum: Personal Finance (Not Investing)
Topic: Reverse mortgage for purchase
Replies: 15
Views: 1188

Re: Reverse mortgage for purchase

Your other thread asks about when to file for SS, saying that your pensions don't cover expenses, but that with the addition of SS, that expenses will be met. You are 65 this year and your wife is 62. I would suggest that you put more thought into the reverse mortgage possibility, since getting one...
by vested1
Sat Jun 30, 2018 6:29 pm
Forum: Personal Finance (Not Investing)
Topic: Does It Make Sense to Wait to Claim SocSec?
Replies: 62
Views: 6894

Re: Does It Make Sense to Wait to Claim SocSec?

I will be celebrating my 70th birthday soon with two long-time friends who are also turning 70 in the same month. Each of us were the higher earners and delayed our SS until 70 so that the widow's benefit would be as high as possible. We all looked at SS delay as insurance against longevity. I used...