Search found 561 matches

by Diogenes
Sat Feb 24, 2018 12:10 am
Forum: Personal Finance (Not Investing)
Topic: Long term care insurance
Replies: 127
Views: 5390

Re: Long term care insurance

I found this article very helpful in illustrating some of the considerations: http://www.theretirementmanifesto.com/why-we-arent-buying-long-term-care-insurance/ If all long-term care policies were like the policy described in that article, then I would "self-insure" too. Fortunately, most LTCi pol...
by Diogenes
Fri Feb 23, 2018 1:25 pm
Forum: Personal Finance (Not Investing)
Topic: Long term care insurance
Replies: 127
Views: 5390

Re: Long term care insurance

I tried to re-create your numbers and I believe what you plunked in was a policy that paid a 5 year payout @ 200/day with an ACI of 5%, but you only got benefits for 2.2 years. If you want to compare apples to apples, you may want to pick a policy that pays out closer to your 2.2 year estimate. Not...
by Diogenes
Fri Feb 23, 2018 1:21 pm
Forum: Personal Finance (Not Investing)
Topic: Long term care insurance
Replies: 127
Views: 5390

Re: Long term care insurance

I tried to re-create your numbers and I believe what you plunked in was a policy that paid a 5 year payout @ 200/day with an ACI of 5%, but you only got benefits for 2.2 years. If you want to compare apples to apples, you may want to pick a policy that pays out closer to your 2.2 year estimate. Not...
by Diogenes
Fri Feb 23, 2018 11:33 am
Forum: Personal Finance (Not Investing)
Topic: Long term care insurance
Replies: 127
Views: 5390

Re: Long term care insurance

Still scratching my head about these LTCI policies. It was suggested that one of the best available now are group policies, such as what is available to Federal employees or former workers. Makes sense as a measuring stick. Most private plans are likely not as good. Just took a look at that website ...
by Diogenes
Wed Feb 21, 2018 1:29 am
Forum: Personal Consumer Issues
Topic: Expat Living
Replies: 40
Views: 4271

Re: Expat Living

Has anyone here retired outside of the U.S.? If so, what have been the pros and cons of doing so? Learning about your experiences would be very interesting. I encourage you to read expat forums for practical information about places you may be interested in. I've been an expat for a dozen years and...
by Diogenes
Sat Feb 17, 2018 9:56 am
Forum: Personal Consumer Issues
Topic: USAA 41% More For Car Insurance
Replies: 43
Views: 2518

Re: USAA 41% More For Car Insurance

What I really like about USAA is how amenable they are to folks living overseas. I'm only in the States a couple of months per year. They easily change the auto policy to a 'storage policy' when the vehicles are on trickle chargers when I'm away, and it's a fraction of the normal rate. Not sure if G...
by Diogenes
Sat Feb 17, 2018 9:45 am
Forum: Personal Finance (Not Investing)
Topic: Do you see a meaningful change in your income with new Tax Bill?
Replies: 266
Views: 21407

Re: Do you see a meaningful change in your income with new Tax Bill?

The Tax Cuts and Jobs Act has resulted in the most significant tax savings I have seen in longer than I can remember.

It's great!!
by Diogenes
Sat Feb 17, 2018 9:38 am
Forum: Personal Finance (Not Investing)
Topic: Retiring abroad. Move taxable/checking accounts to Schwab?
Replies: 25
Views: 2183

Re: Retiring abroad. Move taxable/checking accounts to Schwab?

How did Vanguard know that you were living abroad? Couldn't you just use a US address and then a VPN from abroad? Vanguard had some trouble with my account (missing assets) and was calling my US address which was the telephone number on record. My brother's wife didn't like the calls because of a s...
by Diogenes
Sat Feb 17, 2018 3:56 am
Forum: Personal Finance (Not Investing)
Topic: Retiring abroad. Move taxable/checking accounts to Schwab?
Replies: 25
Views: 2183

Re: Retiring abroad. Move taxable/checking accounts to Schwab?

Also I would recommend getting a local currency bank account wherever you go and use a company like Transferwise to move cash. Much better rate than letting the bank do it in most cases. This is a good idea. Have you also looked at Interactive Brokers? They're easy to deal with as an expat and also...
by Diogenes
Sun Feb 11, 2018 10:29 pm
Forum: Personal Consumer Issues
Topic: Driving a rental car in Western Europe
Replies: 46
Views: 1552

Re: Driving a rental car in Western Europe

I’ve driven for some years in Central and Eastern Europe as an expat. If you are talking about a few week vacation, it’s not worth it to see the larger cities usually visited by tourists. Also not the way to go to travel between those cities, as the trains or budget airlines are far more convenient....
by Diogenes
Sat Feb 03, 2018 9:31 pm
Forum: Personal Finance (Not Investing)
Topic: CCRC advice needed [Continuing Care Retirement Community]
Replies: 28
Views: 1672

Re: CCRC advice needed

You are about to sign a complex legal contract affecting: (1) your medical care for the rest of your life, (2) your housing for the rest of your life, and (3) all or most of your financial assets & income for the rest of your life. Sign NOTHING without first consulting with a good lawyer who specia...
by Diogenes
Sat Jan 27, 2018 2:37 pm
Forum: Investing - Theory, News & General
Topic: Age-based allocation when you don't need the money?
Replies: 22
Views: 1722

Re: Age-based allocation when you don't need the money?

Good thoughts. Well, currently I’m at 65/35. Reasonable to continue into my 60’s? Spending more isn’t an option as I’ve found I don’t want more stuff, and already travel a great deal. The suggestion to move more into Roth’s is good, but my tax bracket makes that a wash at best. Goals? Recently nearl...
by Diogenes
Fri Jan 26, 2018 1:09 pm
Forum: Personal Finance (Not Investing)
Topic: When to claim Social Security: two reasons not to wait
Replies: 19
Views: 3107

Re: When to claim Social Security: two reasons not to wait

I stumbled upon this article today in my web travels: http://danielamerman.com/va/BenefitAge.html Making optimal decisions about when to claim Social Security benefits is of vital importance. For a person of retirement age with average savings, this choice may be more important than any other aspec...
by Diogenes
Fri Jan 26, 2018 12:19 pm
Forum: Personal Finance (Not Investing)
Topic: Stats on When People Take Social Security
Replies: 197
Views: 14375

Re: Stats on When People Take Social Security

True, but by waiting to claim SS at 70, while meanwhile spending more of your own portfolio, you are choosing to be more dependent on future government payments.
Some may not like that, for various reasons.
by Diogenes
Fri Jan 26, 2018 9:08 am
Forum: Investing - Theory, News & General
Topic: Age-based allocation when you don't need the money?
Replies: 22
Views: 1722

Age-based allocation when you don't need the money?

Much of the prevailing wisdom has an increase in the bond percentage of a portfolio as you approach retirement. Some advocate 'keeping your age in bonds.' This must be customized to many factors. But if you have other stable inflation-adjusted income (pension, other annuities, etc) that cover say 15...
by Diogenes
Wed Jan 24, 2018 11:51 am
Forum: Personal Consumer Issues
Topic: Which tropical Island to Retire to ?
Replies: 61
Views: 5138

Re: Which tropical Island to Retire to ?

Depends on your priorities. Being from CA, I would never think of retiring anywhere there. Taxes, taxes, and only going to get worse. I have chosen to maintain a presence in a zero income tax state, while living most of the time overseas. Gives one time to figure it out. Rent where ever you go firs...
by Diogenes
Tue Jan 23, 2018 1:45 pm
Forum: Personal Consumer Issues
Topic: Work-out schedule for those in 60s
Replies: 78
Views: 6396

Re: Work-out schedule for those in 60s

Trying to ramp it up a bit.

Currently swim 2x wk 2200 - 2500 meters in outdoor 50 meter salt water pool
Run 3x wk 8-10k
Weights and elliptical 3x, 2 double with run
Walk minimum 12000 steps a day. I live in a coastal city so it’s amazing how easy that is.
Long hike in the mountains every 2 weeks.
by Diogenes
Tue Jan 23, 2018 1:29 pm
Forum: Personal Consumer Issues
Topic: Which tropical Island to Retire to ?
Replies: 61
Views: 5138

Re: Which tropical Island to Retire to ?

Depends on your priorities. Being from CA, I would never think of retiring anywhere there. Taxes, taxes, and only going to get worse. I have chosen to maintain a presence in a zero income tax state, while living most of the time overseas. Gives one time to figure it out. Rent where ever you go first...
by Diogenes
Mon Jan 22, 2018 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: New tax law and changes to paycheck
Replies: 20
Views: 2012

Re: New tax law and changes to paycheck

Looking at making changes to the quarterly payments. Following the Tax Cuts and Jobs Act, my bill will decrease about $5K!
Nice! It will go back into the business, but still very positive and significant.
by Diogenes
Sat Jan 20, 2018 6:06 am
Forum: Personal Finance (Not Investing)
Topic: Stats on When People Take Social Security
Replies: 197
Views: 14375

Re: Stats on When People Take Social Security

It's simple really, when I look at my specific cash needs right now and my short-term income streams. It's all about matching. The income stream from SS will be very useful to me now, and in the future. It meets my needs. Better than the alternatives. But the incremental monthly payments from waiti...
by Diogenes
Mon Jan 15, 2018 1:47 pm
Forum: Personal Finance (Not Investing)
Topic: Stats on When People Take Social Security
Replies: 197
Views: 14375

Re: Stats on When People Take Social Security

It’s amusing to hear the theory that those that take SS before 70 do so because they “don’t get it.” There are many BH’s who certainly “get it” and still plan to have at least one of the couple take it at 62 or FRA. In my case, having my spouse claim at 62 will enable us to continue minimal reductio...
by Diogenes
Sat Jan 13, 2018 10:19 pm
Forum: Investing - Theory, News & General
Topic: How does everyone keep track of your portfolio?
Replies: 171
Views: 17437

Re: How does everyone keep track of your portfolio?

Excel seems a bit too cumbersome for me, and I don’t plan to use something like Personal Capital where they would have my account info. I have had good luck with Financial Engines, https://financialengines.com/ You can get access through various means, including Schwab or Fidelity, even if you aren’...
by Diogenes
Fri Jan 12, 2018 12:51 am
Forum: Personal Consumer Issues
Topic: House water detection and alert system?
Replies: 41
Views: 2623

Re: House water detection and alert system?

I've been using the following device for remote monitoring of a home: http://www.waterheroinc.com/home/ It allows you to monitor water flow from your main line into the home remotely. One can manually remotely shut off the water supply, and it has email/phone alerts and ability for the main valve t...
by Diogenes
Thu Jan 11, 2018 11:00 pm
Forum: Personal Finance (Not Investing)
Topic: Pay off student loans after kid graduates?
Replies: 35
Views: 2241

Re: Pay off student loans after kid graduates?

The gift limit would apply if I paid the lender directly?
by Diogenes
Thu Jan 11, 2018 11:20 am
Forum: Personal Finance (Not Investing)
Topic: Pay off student loans after kid graduates?
Replies: 35
Views: 2241

Re: Pay off student loans after kid graduates?

He needs to feel the pain of the student loan for a while. He needs to understand the consequence of spending 50K of future money. It will be good for him in the long run to learn this lesson. Wait 6 months before you pay this off. KlangFool This seems to be a good idea. Since I think they have a 6...
by Diogenes
Thu Jan 11, 2018 1:37 am
Forum: Personal Finance (Not Investing)
Topic: Pay off student loans after kid graduates?
Replies: 35
Views: 2241

Pay off student loans after kid graduates?

We have a son who is nearing college graduation, after needing a few extra semesters. We supported him with an ample 529, which only lasted him through 3 years as he attended an out of state school and didn’t pursue residency status as fast as he should have. He knew the money ran out and applied fo...
by Diogenes
Mon Jan 08, 2018 1:54 pm
Forum: Investing - Help with Personal Investments
Topic: New tax plan-62 year old convert to Roth before RMD?
Replies: 31
Views: 2544

Re: New tax plan-62 year old convert to Roth before RMD?

Just run I-ORP to get the best available calculation. (I-ORP has already adjusted for the new tax law.) Should be aware that I-ORP does not model the increase in tax rates 10 years out as mandated by current law. The developer is aware, but I haven't seen anything that indicates it has been incorpo...
by Diogenes
Thu Jan 04, 2018 2:09 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security at age 62 perhaps?
Replies: 57
Views: 5097

Re: Social Security at age 62 perhaps?

If you feel more comfortable spending your own money between age 62 and 66, or you don’t need the SS income during those years, it’s an easy call. However, since the maximum anyone can receive at FRA in 2018 from SS is about $33K, and most receive significantly less, the tax impacts either way are m...
by Diogenes
Wed Jan 03, 2018 1:44 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security at age 62 perhaps?
Replies: 57
Views: 5097

Re: Social Security at age 62 perhaps?

Some consider shooting for wringing the most money out of the system and waiting until 70, hoping you make it to your mid-80's to count it as a 'win.' I think most people waiting until age 70 are NOT trying to "wring the most money out of the system". They are treating SS as longevity insurance. A ...
by Diogenes
Wed Jan 03, 2018 8:14 am
Forum: Personal Finance (Not Investing)
Topic: Social Security at age 62 perhaps?
Replies: 57
Views: 5097

Re: Social Security at age 62 perhaps?

This topic has been discussed many times here, easily found in a search. Seems to be two ways to look at it. Some consider shooting for wringing the most money out of the system and waiting until 70, hoping you make it to your mid-80's to count it as a 'win.' Many tools will tell you to do that, Max...
by Diogenes
Mon Jan 01, 2018 2:53 am
Forum: Personal Consumer Issues
Topic: wireless earbuds for exercise - airpods or ??
Replies: 28
Views: 1864

Re: wireless earbuds for exercise - airpods or ??

After trying out various Bluetooth types over a few years, I've come back to cheap wired headphones, currently the SOWAN S2 Over-Ear In-Ear Noise Isolating Sweatproof Sport Headphones. There are two reasons for this. Most BT headphones I have used have the irritating habit of going dead during long ...
by Diogenes
Mon Jan 01, 2018 2:10 am
Forum: Personal Consumer Issues
Topic: Long Term House—Any Regrets on things you didn’t do?
Replies: 48
Views: 5982

Re: Long Term House—Any Regrets on things you didn’t do?

Renovated a home office, had a landscape designer redo the entire back 1/3 acre, bathroom remodel, garage upgrade, driveway replacement. Best decision we made though was to redo the house technology install professional quality security, including cctv and new structured wiring with a robust home ne...
by Diogenes
Sat Dec 30, 2017 12:41 pm
Forum: Personal Consumer Issues
Topic: The Wall Street Journal to close Google loophole entirely
Replies: 169
Views: 30948

Re: The Wall Street Journal to close Google loophole entirely

The Facebook workaround stopped working for me a few days ago, also. No, it still works in Chrome. The WSJ still makes it hard to subscribe and pay for digital only as they insist on a credit card which they keep for auto-renew, and they then later try to bill that card at very inflated renewal rat...
by Diogenes
Sat Dec 30, 2017 3:44 am
Forum: Investing - Help with Personal Investments
Topic: Retirement decision help!
Replies: 68
Views: 6087

Re: Retirement decision help!

This is a good decision to be faced with. Years ago I remember asking several long-retired folks who had a pension what was the most valuable thing. Each told me that it wasn't the pension per se, but rather the COLA (or lack of), which is lesson 1. If you take the non-cola annuity ( with 50 percent...
by Diogenes
Fri Dec 29, 2017 4:08 am
Forum: Personal Finance (Not Investing)
Topic: Do you see a meaningful change in your income with new Tax Bill?
Replies: 266
Views: 21407

Re: Do you see a meaningful change in your income with new Tax Bill?

Not being an I-Orp expert, I wonder if it's possible to input the updated rates manually, or must we wait for an update? i-orp has been updated with the new tax tables. It appears that the pull down tax bracket selection for "IRA to Roth IRA Conversions" have not been updated. Thanks, I think that ...
by Diogenes
Wed Dec 27, 2017 1:47 pm
Forum: Personal Finance (Not Investing)
Topic: Do you see a meaningful change in your income with new Tax Bill?
Replies: 266
Views: 21407

Re: Do you see a meaningful change in your income with new Tax Bill?

Not being an I-Orp expert, I wonder if it's possible to input the updated rates manually, or must we wait for an update? i-orp has been updated with the new tax tables. Excellent! Thanks! More good news! It seems the most people will see a tax reduction with the Tax Cuts and Jobs Act. Looking forwa...
by Diogenes
Sat Dec 23, 2017 11:23 am
Forum: Personal Finance (Not Investing)
Topic: Do you see a meaningful change in your income with new Tax Bill?
Replies: 266
Views: 21407

Re: Do you see a meaningful change in your income with new Tax Bill?

Oh, I don't know. Both the taxcalculatorplan.com site, and that shown on Marketwatch, produced roughly the same amount of expected tax savings in my case. A new one at the NYTimes, https://www.nytimes.com/interactive/2017/12/17/upshot/tax-calculator.html?_r=0 shows the same. Saving thousands of $$ i...
by Diogenes
Sat Dec 23, 2017 7:38 am
Forum: Personal Finance (Not Investing)
Topic: Do you see a meaningful change in your income with new Tax Bill?
Replies: 266
Views: 21407

Re: Do you see a meaningful change in your income with new Tax Bill?

From the comments, it seems apparent that most will pay less in Federal income taxes next year, post- the Tax Cuts and Jobs Act. Good news! I'm interested to see how the new brackets may impact the cost-benefit analysis of doing Roth conversions. Previously I-Orp showed it basically a wash to conver...
by Diogenes
Fri Dec 22, 2017 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: Do you see a meaningful change in your income with new Tax Bill?
Replies: 266
Views: 21407

Re: Do you see a meaningful change in your income with new Tax Bill?

Definite significant reduction in tax liability. About $3600-$4200!!!
by Diogenes
Thu Dec 21, 2017 9:44 pm
Forum: Personal Finance (Not Investing)
Topic: Please Post Tax Bill Questions Here [was Tax Bill Omnibus Thread]
Replies: 886
Views: 51145

Re: Tax Bill Omnibus Thread

Where's Livesoft with all this tax chatter? This won't change my taxes very much, if at all. I've seen a lot of mis-reporting in good newspapers and other media outlets, so I am waiting for the dust to settle. Unless the online calculators thus far are wrong, I will see a nice tax cut. Having a new...
by Diogenes
Wed Dec 20, 2017 1:34 pm
Forum: Personal Finance (Not Investing)
Topic: Please Post Tax Bill Questions Here [was Tax Bill Omnibus Thread]
Replies: 886
Views: 51145

Re: Tax Bill Omnibus Thread

Re: Calculators for the Tax Reduction and Jobs Act Anyone know of a good two-year comparison calculator of the tax bill before and after the new Act? I tried one on Marketwatch (below) and it appears I'll be getting a significant reduction, but I want to cross-check it and compare 2017/2018 side by ...
by Diogenes
Mon Dec 18, 2017 4:07 am
Forum: Investing - Help with Personal Investments
Topic: No withholding tax with Interactive Brokers
Replies: 19
Views: 1619

Re: No withholding tax with Interactive Brokers

I see from your previous posts that you are in your late 20's and a citizen of Ireland. What sort of trade volume with IB do you have? If your account is small, you are only collecting dividends as you say, and you don't have residency or citizenship in the U.S., it would seem like it's nothing to w...
by Diogenes
Mon Dec 11, 2017 9:55 am
Forum: Personal Consumer Issues
Topic: How easy is it to minimize tax liability yourself without a CPA/accountant?
Replies: 26
Views: 2739

Re: How easy is it to minimize tax liability yourself without a CPA/accountant?

I don't find it too difficult, but I had tax help the first 6-7 years of being self-employed. I feel like I got lucky though, my second guy was awesome! He literally walked me through our tax return (including schedule C) and practically told me how to do my own taxes. While using him, I had worked...
by Diogenes
Wed Dec 06, 2017 3:02 pm
Forum: Personal Consumer Issues
Topic: What does Medicare cover for oversea retirees?
Replies: 8
Views: 1182

Re: What does Medicare cover for oversea retirees?

CSR credit card covers transfer back to US and some emergency care. But its for travelers booking with their card. Yes, and it also and a fairly short duration. It’s oriented toward vacationers, not expats. You can buy a global policy from a few providers, Blue Cross Worldwide is one, since Medicar...
by Diogenes
Tue Dec 05, 2017 11:47 pm
Forum: Personal Finance (Not Investing)
Topic: Lowering real estate agent costs when selling?
Replies: 34
Views: 2775

Re: Lowering real estate agent costs when selling?

The proliferation of "fee only" real estate agencies is (hopefully) killing off the traditional percentage based commission business. Hopefully 2 or 3 generations from now that old model will be ancient history (sooner would be better). It’s one of the few remaining models that was based on a perce...
by Diogenes
Tue Dec 05, 2017 3:34 pm
Forum: Personal Finance (Not Investing)
Topic: Lowering real estate agent costs when selling?
Replies: 34
Views: 2775

Re: Lowering real estate agent costs when selling?

Be wary of anyone who tells you that 6% is the going rate or ‘normal’ in your area. Many realtors wish that were so, but it hasn’t been in most places for a long time. Everything is negotiable. There are realtors here that might disagree, but it’s true. That price model has been on life support for ...
by Diogenes
Mon Dec 04, 2017 2:45 pm
Forum: Personal Consumer Issues
Topic: Priority Pass- not quite totally useful
Replies: 19
Views: 2189

Re: Priority Pass- not quite totally useful

student wrote:
Sun Dec 03, 2017 11:15 pm


You can now get a digit card. https://thepointsguy.com/2017/11/chase- ... rity-pass/
I wasn’t aware of this, thanks Student! It seems the app must be loaded with the current card info, so I still must get the card in my hands every year first. But still great news!
by Diogenes
Sun Dec 03, 2017 11:10 pm
Forum: Personal Consumer Issues
Topic: Priority Pass- not quite totally useful
Replies: 19
Views: 2189

Re: Priority Pass- not quite totally useful

My experience has been different. Over the last year, I have found PriorityPassSelect indispensable for overseas travel. Also used it in a couple of domestic overseas terminals. It has been one of the best benefits of my Chase Sapphire Reserve card. I have never been asked to leave due to exceeding ...
by Diogenes
Sun Dec 03, 2017 2:09 am
Forum: Investing - Help with Personal Investments
Topic: personal capital
Replies: 42
Views: 5630

Re: personal capital

Looked at Personal Capital a while back. Question: If you give them your passwords and your Vanguard/Schwab/Fidelity/Bank account is hacked due to a breach at PC, who is responsible in the eyes of those financial providers? I seem to remember an out for Schwab in their disclaimers in this instance a...
by Diogenes
Fri Dec 01, 2017 9:44 pm
Forum: Personal Finance (Not Investing)
Topic: Why not take Social Security at 62
Replies: 334
Views: 28026

Re: Why not take Social Security at 62

If you started at age 62 with $1,000 a month you would have received $96,000 by age 70. That's a loss of $96,000 if you wait until age 70 to start collecting. How long would it take with the "higher" benefits at age 70 to make up the $96,000 loss? And there's a "health depreciation" factor that nee...